🗞 Daily Crypto News, October 27th 💰

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Everyday, I bring you the most important CryptoNews so you can stay updated with the latest developments.

'A Real Bubble': Billionaire Warren Buffett Doubles Down on Bitcoin Doub
Ethereum Gold Token Shows Why No One Should Create Value out of Thin Air
Segwit2x Developer Says November Hard Fork is Full Steam Ahead
5 Cities That Let You Buy Real Estate with Bitcoin
National Bank of Kazakhstan Proposes to Restrict the Exchange and Mining of Cryptocurrencies
BTC Trading Update by @cryptopassion

🗞 'A Real Bubble': Billionaire Warren Buffett Doubles Down on Bitcoin Doub

"People get excited from big price movements, and Wall Street accommodates," he was quoted as saying. Describing bitcoin as a "real bubble," according to the publication, Buffett also criticized the idea of applying a value to bitcoin.

He told attendees:

"You can’t value bitcoin because it’s not a value-producing asset."

🗞 Ethereum Gold Token Shows Why No One Should Create Value out of Thin Air

The creation of Bitcoin Gold has caused an interesting shockwave in the cryptocurrency industry. A lot of people converted altcoins back to bitcoins to ensure they could partake in this “airdrop”. It seems someone took it upon themselves to create an Ethereum Gold token as well, even though its purpose remains rather uncertain. So far, these tokens are valued at US$0.08 each, although no one can explain why.

🗞 Segwit2x Developer Says November Hard Fork is Full Steam Ahead

The Segwit2x working group has been quiet lately, but now it seems the development wheels are turning once again. On Wednesday, October 25 the lead developer of the Segwit2x (BTC1) working group, Jeff Garzik, addressed the public with a status update. According to Garzik, everything is “still full steam ahead for Segwit2x upgrade” scheduled for mid-November.

“To state the obvious, everything is still full steam ahead for the Segwit2x upgrade in mid-November.”

🗞 5 Cities That Let You Buy Real Estate with Bitcoin

Some industries, including real estate, are capitalizing on this emerging trend by letting clients buy property via Bitcoin. It’s a significant departure from tradition, but it’s one that is quickly gaining momentum.

1. Miam, Florida

2. Dubai, UAE

3. New-York

4. Lake Tahoe, California

5. Bali, Indonesia

🗞 National Bank of Kazakhstan Proposes to Restrict the Exchange and Mining of Cryptocurrencies

The central bank of Kazakhstan has submitted proposals to its government to restrict some cryptocurrency-related activities. However, the bank’s chairman admitted that he does not fully understand what cryptocurrency is. Experts also weighed in on the feasibility of banning crypto mining in the country.

BTC Trading Update by @cryptopassion

We will have in the coming minutes a break out on the BTC. Here is the chart from my trading platform Bitfinex:

As always no one can be sure of the direction that we will take but we will have for sure a break out.

So wait the start of the break out (be sure it is not a head fake), enter your position by following the trend and sold your position some minutes later with I hope a nice profit.