News In 50 Words - Tuesday, 9 Jan
If you have missed the latest news from the Crypto World or don't have much time to read all the long articles, don't worry.
Read them here where every news is explained in 50 words.
Three months ago JPMorgan Chase chief executive Jamie Dimon said bitcoin is a Fraud and he got a lot of media attention and hate from Crypto community. Until now, he has same opinion about bitcoin but has good hopes from the blockchain technology.
Due to a lot of issues with the bitcoin payment system right now and increase in the transaction fee, Mircrosoft has stopped accepting bitcoin as payment option. They haven't closed the actual reason behind that but their officials have confirmed it and it has removed from the payment option in account.
Tron, who had a roaler coaster ride last week, dropped at least 50% after touching the all time high $0.27. This price helped to get TRON its position in the top 10 with respect to market cap due to its high supply. It is one of the those coins who got this success only based on their whitepaper,not an actual product.
According to Jeremy Grantham, co-founder of the GMO investment management firm believes bitcoin is a buble due to not having any fundamental value and regulation. He believes these are all the properties of nothing more than a bbubbleand it is likely to burst in next 6 months to 2 years.
LiteCoin was created as the little brother of bitcoin and dubbed as silver of the bitcoin gold. CharLee the founder of LiteCoin is planning to test new solution for bicoin fee estimation which could might help bitcoin to retain its position as LiteCoin has the same code as of Bitcoin.
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Well, Jamie Dimon must be feeling really stupid right now!
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