reuters

Buffett bashes bitcoin as nonproductive, thriving on mystique

NEW YORK (Reuters) – Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he characterises as “rat poison squared”, thrive on the hope they’ll find someone else who will pay more for it.

Likening bitcoin demand to tulip mania in 17th century Holland, Buffett, chairman and CEO of Berkshire Hathaway Inc, said the mystique behind the cryptocurrency has produced a surge in its price.

“It does create a rising price, creates more buyers… If you don’t understand it, you get much more excited,” Buffett said on CNBC television…

Source: Reuters

CloudBuzz

The latest in curated technology related news collected from many of the leading news distribution, industry research and technology vendor firms on the planet.

Here you will find recent news sources from companies such as Reuters, Marketwired, IDC, Gartner or directly from cloud vendors such as Google, Microsoft or Amazon.

Cloud Communications Security: Whose Business Is It, Anyway?

Cloud Communications Security: Whose Business Is It, Anyway?

Cloud Communications Security Don’t count on cloud providers to provide all your UCaaS security It’s official: Unified Communications-as-a-Service (UCaaS) has arrived as a mainstream technology, with one prominent analyst firm (IDC) going so far as ...
How Leading Organizations are Leveraging Big Data

How Leading Organizations are Leveraging Big Data

Seeing The Big Data Picture “Data will talk to you if you’re willing to listen”— Jim Bergeson. Few can dispute that. However, the challenge comes when data transforms into bundles and stacks of unorganized and unstructured ...
blcokchain contributor

Cryptographic Key Generation – It’s Time To Pay Attention

Cryptographic Key Generation When we think about cryptographic keys, we tend to think about closely guarded secrets. Keys are the only thing that keeps the attacker away from your encrypted data. Some keys are usually treated ...
Malware Will Cripple Cloud And IoT Infrastructure If Not Contained

Malware Will Cripple Cloud And IoT Infrastructure If Not Contained

The Malware Cloud Concern This year we’ve had two cyber attacks in which malware was used to cripple government computer systems. Unless counter-measures are deployed, similar malware attacks can be used against cloud and IoT ...
Biometric Authentication

Passwords: More Secure Than Biometric Authentication?

Biometric Authentication Biometrics has long granted or denied access to secure things like premises and vehicles. Now it is being seriously considered for the same role as regards connected services. A recent draft publication by ...
The Lighter Side Of The Cloud - Turmoil
startup tech comic series
The Lighter Side Of The Cloud - Direct Reporting
The Lighter Side Of The Cloud - Passwords
The Lighter Side Of The Cloud - The Backup Reminder
The Lighter Side Of The Cloud - The Nanodegree
The Lighter Side Of The Cloud - Day 5
Comic
The Lighter Side Of The Cloud - Going Viral

CLOUDBUZZ NEWS

Kaspersky Lab to open Swiss data center to combat spying allegations

Kaspersky Lab to open Swiss data center to combat spying allegations

LONDON (Reuters) - Moscow-based Kaspersky Lab plans to open a data center in Switzerland by the end of next year to help address Western government concerns that Russia exploits its anti-virus software to spy on ...
Cambridge Analytica files for bankruptcy in U.S. following Facebook debacle

Cambridge Analytica files for bankruptcy in U.S. following Facebook debacle

(Reuters) - Cambridge Analytica, the political consultancy at the center of Facebook Inc’s (FB.O) privacy scandal, filed for Chapter 7 bankruptcy in the United States late on Thursday. This past March allegations surfaced that Cambridge ...
Facebook Joins FIDO Alliance Board of Directors

Facebook Joins FIDO Alliance Board of Directors

Aligns with other leading global technology, financial services and e-commerce companies in effort to reduce world’s reliance on passwords MOUNTAIN VIEW, Calif., May 15, 2018 (GLOBE NEWSWIRE) -- The FIDO Alliance announced today that Facebook has been appointed ...