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Blockchain eliminates the need for a third-party intermediary, such as a bank.
Everyone Is Getting Hilariously Rich and You’re Not
Recently the founder of something called Ripple briefly became richer than Mark Zuckerberg. Another day an anonymous donor set up an $86 million Bitcoin-fortune charity called the Pineapple Fund. A Tesla was spotted with a BLOCKHN license plate. There’s a surge in people looking to buy Bitcoin on their credit cards. After the Long Island Iced Tea company announced it would pivot to blockchain, its stock rose 500 percent in a day.
Bitcoin Tops $9,000 as Crypto Rally Trounces Stocks, Bonds, Gold and Oil
The price of bitcoin rose above $9,000, extending a rebound that has made cryptocurrencies far outperform traditional asset classes this year. Bitcoin on Monday reached $9,396.33, a 13-month high, according to CoinDesk, a research site. While stocks, bonds, gold and oil are all up this year, bitcoin’s rally trounces them all. Prices for bitcoin and rival digital currencies collapsed last year.
Facebook Gains as Market Finds Crypto Opportunity Intriguing
Facebook Inc. (FB) stock is moving upward as the market awaits a white paper on the company's hotly anticipated cryptocurrency offering on Tuesday, June 18. Shares of the Menlo Park, California-based company were up nearly 2% before Monday's opening, extending gains for the month of June after an inauspicious end to the month of May for Facebook, which is a holding of Jim Cramer's Action Alerts PLUS charitable trust.
The Analyst Who Predicted Bitcoin’s Bottom & Current Price Says $16K In October
An anonymous analyst, who has already successfully predicted that Bitcoin would reach $9,200 by July 2019, now believes that Bitcoin will reach $16,000 by October 2019. The analyst had nailed his prediction that BTC would reach $9,200 by July 2019 after posting his analysis back in January 2019. The analyst starts by stating that we are already in a bull market – but bear in mind that he had posted this on 01/21/19 – so he had already noticed the bull market forming very early in the year.
Russia’s Central Bank Is Considering Launching a Digital Currency
The head of Russia’s central bank has said the institution could one day launch its own digital currency. Chairwoman Elvira Nabiullina told a student conference that, while such a project “cannot be realized immediately,” various central banks, including Bank of Russia, are investigating the possibility, TASS reported Saturday. Key to the utility of a central bank digital currency (CBDC), she said, is that the technology must ensure “reliability and continuity.” “Technologies must be mature, including technologies of distributed registries,” Nabiullina said.
Crypto Market Targets $300 Billion Cap: Bitcoin Cash, EOS, TRX, ADA Analysis
Looking at the total cryptocurrency market cap hourly chart, there was a strong upward move after there was a break above the $255.0B and $260.0B resistance levels. The market cap even broke the $270.0B level and recently tested the $278.0B zone. It corrected lower, but the $264.0B level acted as a strong support. The current price action is positive, suggesting more gains above the $275.0B and $280.0B levels. If all goes well, the crypto market could even test the $300.00B level in the coming days. Therefore, more gains are possible in bitcoin, ETH, XRP, TRX, ADA, bitcoin cash, litecoin, EOS, stellar, IOTA, ICX, WAN, and other altcoins.
Meet Erik Finman, the teenage bitcoin millionaire
Erik Finman is one of the world’s youngest bitcoin millionaires – an achievement he’s not shy about flaunting. The 19-year-old’s Instagram feed is full of ostentatious photos of himself stepping out of private jets or lying on beds covered in money with captions like: “Cash so worthless compared to Bitcoin I’m sleeping on it …”
Two best friends who make $2,000 a day trading cryptocurrency
Two best mates who began trading in cryptocurrency just a few months ago say they will be millionaires before the end of the year, having started out with only $5,000 Daniel Colosi, 31 and Stephen Lenoci, 34, who both call the Sydney suburb of Bondi home, say they had watched the mysterious new world of online money for a while.
Meet The Man Traveling The World On $25 Million Of Bitcoin Profits
Mr. Smith—who asked me to conceal his real name—has been traveling the world in ultra-luxurious style for the past four years. He only flies first class, stays exclusively in 5-star suites, and hasn’t cooked since Thanksgiving. In the past thirty days he’s visited Singapore, New York City, Las Vegas, Monaco, Moscow, back to New York City, Zurich and now Hong Kong. “Never a dull moment,” he says, lifting his glass of champagne in a Gatsby-esque salute. Then he shared his story.
This 25-year-old made a fortune in bitcoin — now he travels the world
Jeremy Gardner was returning from a safari in South Africa — where he flew out to attend AfrikaBurn, a regional Burning Man festival — when he came into cell service. He checked Twitter, where he follows other bitcoin watchers, to see how his investments were doing. “I saw that bitcoin had broken like $2,500 — all the crypto assets had exploded in value,” Gardner told Business Insider. “And all of a sudden, my net worth in five days had doubled in value. That, to me, was nuts.”
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