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.
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.
The mother of a 6-year-old who shot his teacher in Virginia pleaded guilty Tuesday to a charge of felony child neglect, seven months after her son used her handgun to critically wound the educator in a classroom full of students.
