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In brief
A proposed whisky distillery on the Faroe Islands is letting would-be investors get involved by using cryptocurrency.
People will be able to buy shares in the company represented by an Ethereum-based token.
Investors can also use fiat currency to get involved.
Dave Portnoy, Barstool Sports’ founder, admitted he lost $700,000 trading stocks on Sept. 8, expressing the importance of “strong hands.”
“To steal a line from my crypto friends — you can’t have weak hands,” Portnoy said in a Sept. 8 Twitter video.
Bitcoin (BTC) price has had a tremendous month as the price rallied from $10,500 to $13,800. However, in recent days, momentum is slowing amid rising coronavirus fears. Bitcoin’s price dropped from $13,800 to $12,900 on Oct. 28, making the recent breakout a fakeout.