Max Levchin, co-founder of PayPal, has revealed that he is a big fan of blockchain technology, but is still “not sure” about bitcoin.
Archives for December 5, 2017
Plenty of people have become a Bitcoin millionaire throughout 2017. Although many people assumed this would take longer, a lot of interesting things took place. However, there are those who are already one step ahead in this regard. The Winklevoss twins are among the first Bitcoin billionaires. More specifically, they are two of the most prominent public figures to reach this milestone. An intriguing development, although it was only a matter of time.
It was to be expected this year’s Bitcoin price increase would yield some interesting consequences. More specifically, a lot of people have made tons of money by buying Bitcoin and holding it. It is the most attractive ROI for doing absolutely nothing whatsoever. The Winklevoss twins knew what they were doing back in 2013. At that time, they purchased $11m worth of Bitcoin. Thanks to the recent price increases, things have certainly evolved in a nice direction. For Tyler and Cameron, their holdings surpassed the $1bn mark.
Winklevoss Twins get Even Richer
It is evident investing in Bitcoin is always a risk. It was perhaps an even bigger risk all those years ago. At that point, the value of BTC and its appeal were very different from today. Things have evolved in a rather surprising direction in this regard, to say the least. For the Winklevoss twins, the gamble paid off big time. It could have easily backfired as well, though. Even today, Bitcoin is still pretty cheap compared to the value it may have in the future.
Not everyone has a few million to invest in Bitcoin, though. It takes a lot of money to make money, to say the very least. In the case of the Winklevoss twins, Bitcoin is their holy grail right now. Not only do they hold massive amounts of BTC, but they also run the Gemini exchange.It is evident they made the right call at the right time. More people can still make that decision in the future, though, as this is only the beginning. No one knows for sure how things will evolve for Bitcoin and other currencies.
It is evident the Winklevoss twins still have high hopes for this cryptocurrency. More specifically, they envision a market cap of several trillion dollars. It may very well happen, as the Bitcoin price growth is nothing short of amazing so far. Looking at the bigger picture, Bitcoin’s current value is still next to nothing. We may very well see the prediction by the Winklevoss twins come true in the distant future. Things are still looking pretty good as of right now. An interesting future lies ahead for all cryptocurrencies, that much is evident.
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In an effort to provide more people the opportunity to invest in real estate, Real Land (RLD) has developed a plan to give small investors access. As the worlds’ first initial property offering on Ethereum Smart-Contracts, Real Land is looking to solve the biggest problem of the IPO/ICO industry.
Currently, most real estate investments are restricted and regulated by estate agents and corporations. By controlling the price, they ensure that real estate is only accessible for rich investors. This has resulted in a skewed industry, which makes the process of liquidizing a problem for internal investors. Shareholders who want to invest units in a country other than their own run into complications. Real Land wants to solve these complications and provide obtainable international investment opportunities.
Real Land is the cumulative effort of many real estate companies coming together to connect every citizen of world with profitable Real Estate units all across the globe. By tokenizing Real Estate units to create small units of every project, Real Land ensures that anyone and everyone can take advantage of secured investment and growth. Real Land researches the units to ensure the value of the investment can grow faster than any other investment. Real Land also gives its unit holders the chance to buy or convert any units from RLD in to a real home, villa, shop, or other real estate venture.
The founders of Real Land constructed a secure way to take advantage of the “crypto revolution” while making Real Estate accessible. Tangibility and growth of the real estate were grossly missing from the crypto market. By giving small investors a way to participate in global real estate, RLD expects a better yield on investment.
Real Land wanted to open the gate of global real estate investment for global investors without border and government complications. The objective is to give a solid IPO platform everywhere real estate units are tradable.
How It Works
In order to sell small real estate units, Real Land has created RLD tokens so that real estate units can be bought at costs of only 1$. This way, anyone can invest money in global real estate. Real estate units back each token, and these units protect the base value of the RLD Tokens. Real Land uses a blockchain-secured digital asset with inherent value as a secure cryptocurrency. This allows all users to partake in Real Estate units both on the Real Land platform in other crypto exchanges.
RLD token holders have the right to convert RLD tokens into Real Estate assets. When users purchase RLD tokens, the money will be invested into their listed projects. Every RLD token holder is the owner of real estate units through the tokens. When a RLD token holder converts their RLD tokens into real estate units, their tokens will be burnt from the market. Token holders can convert their RLD tokens into any of the Real Estate unit contracted by Real Land by sending in the RLD tokens worth the value of the Real Estate unit they wish to own. If a token holder doesn’t want to convert RLD into real estate, they will get a 15% yield bonus every year.
RLD is also tradable in different exchanges. The IPO platform is set up so that any investor can transfer or sell their RLD to gain liquidity. This system frees consumers to participate in the Real Estate market without the traditional high barriers of investment.
Real land wants to protect the money of the investors and give them 100 percent guarantee of offer value and a 15 percent return on investments. Other ICO’s offer resource-sponsored tokens that do not have value protection, but Real Land wants to add this benefit for every one of their RLD holders.
A breakdown of the assets is as follows:
- Real estate Investments – 80%
- IPO platform – 10%
- Team – 5%
- Marketing – 5%
The RLD IPO/ ICO schedule runs from December 5th 2017 to February 5th 2018. The Token Name is RLD, and there are a total of 70,000,000 tokens. All nationalities are accepted, and accepted cryptocurrencies include, but are not limited to: BTC, BCH, ETH, LTC, DASH, NEO, and USDT. Real Land plans to be listed among the largest cryptocurrency exchanges in the world. The price for 1 RLD is 0.1 ETH.
With every new user, the demand for RLD grows. As more and more users join and buy Real Estate units, Real Land continues buying RLD at the exchanges to sell real estate units to the new clients. Users can buy RLD directly at the exchanges as well. With billions of potential users and RLD buyers, the supply is limited, but Real Land promises that the benefits are worth the investment.
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The post Tokyo Financial Exchange Plans for Bitcoin Futures Launch appeared first on CryptoCoinsNews.
A rude awakening? That might be what’s in store for the bitcoin market’s so-called whales according to trader Lanre Sarumi.
Rentberry is a San Fransisco tech startup with a team of 23 and a lot of hype around it. Even Australian citizens and British lawyers know about Rentberry. Rentberry is an online rental service where a landlord lists a rental space and potential tenants bid against one another to claim the lease. Tenants’ personal information… View Article
Less than a month since CEO Jamie Dimon inaccurately described bitcoin as a “fraud,” JPMorgan has changed its stance on the cryptocurrency.
Throughout the past month, analysts and investors in both the cryptocurrency and traditional finance markets have criticized Dimon and JPMorgan for their baseless condemnation on bitcoin. Almost immediately after the company’s CEO called bitcoin a fraud and a bubble, JPMorgan was fined $4 billion for actual fraud in September.
“JPMorgan Chase & Co. was ordered by a Dallas jury to pay more than $4 billion in damages for mishandling the estate of a former American Airlines executive, but the verdict will probably be knocked down on appeal,” a Bloomberg report read.
After that, Dimon broke his personal promise to not discuss bitcoin any longer by describing it as a money laundering tool. Ironically, JPMorgan was cracked down by the Swiss financial authority FINMA, for money laundering.
“FINMA ruled on June 30 that JPMorgan Switzerland had ‘seriously infringed’ regulatory oversight provisions, according to a ruling issued by the Federal Administrative Court on Nov. 8 and published on Thursday,” Reuters reported.
JPMorgan Changes Stance, Suddenly Optimistic in Regards to Bitcoin
Earlier this week, JP Morgan analyst Nikolaos Panigirtzoglou, publicly stated that bitcoin has the potential to become an emerging asset class, given that CBOE and CME, two of the world’s largest options exchanges, will list bitcoin futures by mid-December.
“The prospective launch of bitcoin futures contracts by established exchanges in particular has the potential to add legitimacy and thus increase the appeal of the cryptocurrency market to both retail and institutional investors,” said Panigirtzoglou.
He further emphasized that as the acceptance of bitcoin as a store of value continues to increase, the market valuation and price of bitcoin will likely increase proportionally.
“In all, the prospective introduction of bitcoin futures has the potential to elevate cryptocurrencies to an emerging asset class. The value of this new asset class is a function of the breadth of its acceptance as a store of wealth and as a means of payment and simply judging by other stores of wealth such as gold, cryptocurrencies have the potential to grow further from here.”
Bitcoin Futures Exchanges Will Lead Investors in Finance Market to Bitcoin
This week, several highly respected analysts including Satoshi Citadel Industries (SCI) co-founder Miguel Cuneta explained that bitcoin is only starting to transform the finance sector, and the price of bitcoin, which is currently at around $11,500, will increase exponentially in the upcoming years.
“Over one third of a trillion dollars. That’s the total amount of cryptocurrencies in the world. $165 Billion belongs to Bitcoin alone, which just shows how dominant network effects can be. Because of Bitcoin technology, the power to create money was granted to every human being on earth and taken away from kings, oligarchs, and governments,” said Cuneta.
In the long-term, more investment banks, hedge funds, and investors will change their stance on bitcoin.
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- Ethereum classic price made a nice upside move towards $30.00 against the US Dollar.
- There is a short-term flag pattern forming with support near $27.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
- The pair might correct a few points, but downsides are likely to be limited by $27.20-27.00.
Ethereum classic price is bullish against the US Dollar and Bitcoin. ETC/USD might correct in the short term, but might soon break or retest $30.00.
Ethereum Classic Price Support
Recently, we saw an upside move above $30.00 in ETC price against the US Dollar. A high was set recently at $30.84 before the price started correcting lower. It declined a few points below the 23.6% Fib retracement level of the last wave from the $21.90 low to $30.84 high. However, the downside move was protected by the $28.00 support and the 100 hourly simple moving average.
It seems like there is a short-term flag pattern forming with support near $27.20 on the hourly chart of the ETC/USD pair. The pair might correct a few points if it moves below the 100 hourly SMA and $28.00. The channel support is now at $27.20 and the 38.2% Fib retracement level of the last wave from the $21.90 low to $30.84 high. In any case, dips remain supported above $27.00 and $26.00. The most important support is around $26.50 and the 50% Fib retracement level of the last wave from the $21.90 low to $30.84 high.
Buyers are currently in control above $27.00. On the upside, a break above the $29.50 level is needed for ETC to retest $30.00 and $31.00. Above $31.00, the price could accelerate and trade towards the next major resistance near $32.80.
Hourly MACD – The MACD for ETC/USD is mostly in the bullish zone.
Hourly RSI – The RSI for ETC/USD is currently well below the 50 level.
Major Support Level – $26.50
Major Resistance Level – $30.00
Charts courtesy – Trading View, Kraken
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