TOM LEE: BTC To Hit Historic Highs By 2020
Founder of Fundstrat Global Advisors Tom Lee has predicted in an interview with CNBC on April 28 that cryptocurrency prices will hit new historic highs by 2020. During the interview, Lee anticipated that Bitcoin (BTC) is yet to complete its upward movement and will reach an all time high based on “11 signs that historically only take place in a bull market”. Lee further explained that three out of the 11 signs are already having a positive impact on BTC, indicating that the crypto winter has seen its end. These signs include Blockchain, technical indicators and trading volumes. In January …
EARN CRYPTO WHILE YOU DRIVE
Jaguar Land Rover, the British multinational automotive company is teaming up with the cryptocurrency IOTA Foundation to begin testing a smart wallet technology that will give motorists the ability to earn crypto while driving. Drivers will be able to earn crypto rewards in exchange for sharing data surrounding “useful road conditions, such as traffic congestion or potholes”. The crypto credits you earn from sending on such data to “navigation providers or local authorities” can then be used to pay for tolls, parking meters or plugging into the nearest electrical charging station, to keep the list brief. The new software is …
CRYPTOCURRENCY LENDING SERVICE LAUNCHED TO THE PUBLIC
Dharma Labs, a San Francisco based cryptocurrency lending firm has launched its latest service to the public; cryptocurrency loans fulfilled via smart contracts. The announcement was made On Monday 8th April, explaining that the loans company is backed by exchange platform CoinBase. Users can now interact and use the service via any wallet. At the time being only Ethereum (ETH) and Stablecoin (DAI) are supported however, more coins are in the process of being added to the service. In the launch announcement Dharma explains that their vision is that users should be able to use cryptocurrency in their everyday life …
BITCOIN MAKES 457% RETURN IN 2 YEARS – DOW LEFT FOR DEAD
If you invested in Bitcoin two years ago chances are your spending your returns to travel the world, eat out at expensive restaurants, buying holiday homes around the world or making further investments. In the last two years alone Bitcoin has made a return of more than 457%, outperforming the S&P 500, oil, gold and the Dow Jones. To Put things into perspective for you, below is what the other investments would have made you over the same two-year period. S&P 500 – 19.9% Gold – 1.3% Oil – 31% Dow Jones – 26% Bitcoin – 457% These large returns …
CFTC: Bitcoin Isn’t A Tulip Mania
The US Commodities and Futures Trading Commission (CFTC) has surprisingly positive things to say about Bitcoin (BTC) and Ethereum (ETH) stating, “Bitcoin isn’t the tulip mania”. The CFTC, which governs the regulation of cryptocurrency commodities markets and derivatives such as Bitcoin futures, has started driving to foster innovation in the Blockchain industry, instead of regulating it into oblivion, according to Michael Gill, Chief of Staff. “The US financial markets are large, complex and successful because of innovation,” Gill stated in a speech he delivered at Paris Blockchain Week, alongside several other regulators. As a result of this the introduction of …
BTC OUTPERFORMS NASDAQ IN Q1 OF 2019
We are only in the first quarter of 2019 and it is already safe to say that Bitcoin (BTC) is having a great start to the year. Since the beginning of the year the cryptocurrency has already gained around 40 per cent of its value, soaring to outperform NASDAQ, the S&P 500 as well as most commodities such as gold and oil. Bitcoin’s success does not stop there however; it has also managed to outperform the stock value of marquee companies such as Amazon, JD.com, iQiyi and traditional assets, stocks and indexes. Bitcoin is currently sitting at USD $5,568.53, and …
Japan – The New World Headquarter For Everything Bitcoin
Japan is set to become the world headquarter for everything Bitcoin (BTC) after their Financial Services Agency (FSA) announced this week that they will endorse 11 different cryptocurrency exchanges. This sets Japan on the path to becoming one of the most crypto-friendly countries in Asia. Over the years Japan has been a major leader in Bitcoin and cryptocurrency adoption, accepting Bitcoin as a nationally accepted legal currency in April 2018. Since then, a growing number of companies throughout Japan have been accepting the cryptocurrency. One of the 11-cryptocurrency exchanges that the FSA has endorsed is Bitflyer, which is the largest …
Send, Receive and Trade Crypto Through Popular Messaging App ‘WhatsApp’
WhatsApp one of the most popular messaging apps in the world to date, have just released that their users will soon be able to access a crypto wallet straight from their app. The cryptocurrency wallet, named Wuabit, will allow users to soon be able to send, receive, trade, and perform other tasks relating to crypto assets. With the new service close to completion, the Wuabit team will then look into providing similar functions and featured for Telegram, Facebook Messenger and Viber. A spokesperson for Wuabit told UK Newspaper, The Express, “we are near completing the wallet core service starting with …
Australian Mansion Will Go Under The Hammer In World-First Live Crypto Property Auction
In a world first, Australia is set to host a live property auction where prospective online buyers and bidders are being asked to pay for their purchase in cryptocurrency, not cash. “It’ll be the first of its kind for a live bidding,” stated listing agent, Nick Witheriff, from LJ Hooker Kingscliff. The property, which is being dubbed the “Jetsons House” due to its futuristic architecture, is a beachfront home located in the northern NSW town of Casuarina. With bidders already registered, both internationally and locally the property will go to auction online on the 8th April 2019, and is expected …
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