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Former Coinbase exec cancels $1m bitcoin bet, donates $1.5m to charity

0xMain
May 4, 2023

1.5m, bet, Bitcoin, cancels, charity, Coinbase, donates, exec, Hacking

Former Coinbase Chief Executive Officer (CTO) Balaji Srinivasan canceled his $1 million bet on bitcoin (BTC) on May 2 after it failed to reach $1 million within 90 days. Balaji gave $1.5 million to three organizations as part of the settlement, including a...

Analysts bet on BTC and ETH to rally amid banking nightmare

0xMain
March 28, 2023

Analysts, banking, bet, BTC, ETH, Hacking, nightmare, rally

The a banking debacle exacerbated investors’ anxiety over a potential worldwide economic slowdown, and a repeat of the 2008 financial crisis. According to three industry analysts, the current banking crisis is the catalyst that will cause bitcoin and ethereum to experience massive price...

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Balaji Srinivasan places a $2m bet on bitcoin’s performance

0xMain
March 20, 2023

Balaji, bet, bitcoins, Hacking, performance, places, Srinivasan

On March 18, former a16z partner and Coinbase CTO Balaji Srinivasan announced that he is moving $2 million into USDC for a bitcoin (BTC) bet. He thinks cryptocurrency will hit $1 million within 90 days. Balaji Srinivasan went bullish, predicting BTC will reach...