This week Bitcoin saw a huge drop and most of the other cryptocurrencies followed. So is it worth betting on Bitcoin? Bilal Zuberi is a partner at VC firm Lux Capital and he gives his take on investing in blockchain technology over cryptocurrency.
Zuberi argues that arguing in blockchain is a smarter move than going for crypto. The technology behind blockchain will continue to improve industries and become further embedded in banks, businesses, and every industry.
As for Bitcoin and cryptocurrencies, Zuberi compares this surge to the Dotcom bubble and the start of the Internet. When the Internet was first created there was a lot of hype and fusion of cash into startups and companies. Some bad companies got attention and investments, but there were also some winners who still exist today. Zuberi doesn't know which cryptocurrencies will make it, and therefore is more focused on blockchain.
An ancient Christian mosaic bearing an early reference to Jesus as God is at the center of a controversy that has riled archaeologists: Should the centuries-old decorated floor, which is near what's believed to be the site of the prophesied Armageddon, be uprooted and loaned to a U.S. museum that has been criticized for past acquisition practices?
Sean and Leigh Anne Tuohy are calling Michael Oher's claims that they enriched themselves at his expense “outlandish," “hurtful and absurd" and part of a “shakedown” by the former NFL offensive tackle, whose relationship with the family was the inspiration for the movie “The Blind Side."
Firefighters struggling to extinguish a blaze caused by a deadly explosion near the Dominican Republic’s capital this week found two more bodies Wednesday, bringing the death toll to 13, authorities said.
