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How You Can Spend Your Bitcoin Fortune wisely

How You Can Spend Your Bitcoin Fortune wisely

http://bargeldwillkommen.com/wp-content/uploads/2014/06/BellaVista_sample.jpgLet’s face it: Having only crypto will not make for a good life. And crypto now is high, very high. A correction is in the cards, so why not lock in the insane profits and convert it to something you can touch, see, feel and use? At  a bargain?

A friend of mine is offering this one-of-a-kind real state in the Caribbean, a true mansion, your neighbors will be Schmid from Google, and other hi-flyers. Cabarete, one of the six important surf and kite surf locations in the world is just 5 minutes by car.

He is very motivated to sell as he needs to go back to Europe to take care of his elder parents.

Go and have a look for yourself

Or here first a video:

 

Enrolment Race Pushes Business Schools to Update Crypto Curricula

Enrolment Race Pressures Business Schools to Update Crypto Curricula

Recent reports indicate that rather than course numbers dropping due to a market down, the numbers of potential new entrants into the cryptocurrency space from other sectors are swelling. With top blockchain developers in the US pulling down salaries above USD 250,000, it is hardly surprising that the recent cryptocurrency bear market has done little to deter those considering entering the industry.

For many, the main route into the burgeoning fintech space has now become via a growing range of courses being offered by major universities and business schools around the world.

Courses are now on offer from far and wide whether it be in the Scottish Highlands, Ivy League Cornell and Stanford in New England or in sunny Cyprus. For those wanting a cultural slant on life for a short period, Saint Petersburg’s State University of Economics and Moscow’s Institute of Physics and Technology (MIPT) also both run blockchain technology courses. However, there is already a waiting list.

Professor David Yermack from NYC Stern School of Business came early to the university’s MBA program for blockchain and cryptocurrency education. His class has already doubled over the past year and as a result, he has had to move his lectures to a larger auditorium to cater for the swelling numbers at Stern.

The prestigious New York University first established its School of Accounts and Finance in 1900; Stern is one of the oldest and most prestigious business schools in the world. It is also a founding member of the Association to Advance Collegiate Schools of Business.

A notable factor of the current surge to find a place on blockchain and cryptocurrency course is not the just amount of courses becoming available but the way in which some of the world’s most prestigious educational institutions have led the march towards fintech education. A recent Coinbase survey revealed that 42% of the world’s top 50 universities offer at least one course relating to blockchain or cryptocurrencies.

Some 22% of the universities offered more than one course, with Stanford listing ten classes and Cornell nine. The National University of Singapore ranked highest of the non-US universities with five blockchain-related courses. The US universities were far more likely to offer related courses than those abroad; just 5 of the 18 non-US institutions offered such classes.

Clearly, Ivy League universities appreciate the credentials of fintech, with Harvard University, the Massachusetts Institute of Technology (MIT), Stanford University, Dartmouth College, and the University of North Carolina (UNC), all making investments from their endowments into at least one crypto fund.

Finding a place at one of these and other universities won’t get easier though, particularly in the light of tech recruitment sites such as Toptal reporting a 700% increase in demand for skilled blockchain developers since the beginning of last year.

 

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Law Professor’s Paper Targets US Regulatory Confusion over Crypto

Law Professor's Paper Targets US Regulatory Confusion over Crypto

A professor from the University of Arkansas School of Law has written a paper essentially claiming that US regulators are in a state of confusion over exactly what cryptocurrency is.

The article, entitled ‘U.S. Law: Crypto is Money, Property, a Commodity, and a Security, all at the Same Time’, written by professor Carol Goforth for the Journal of Financial Transformation, has recently been published in the University of Oxford’s Business Law blog.

The article is raising eyebrows as it outlines what many some academics and lawmakers are already thinking across the US, that the SEC really doesn’t know how to proceed over cryptocurrency legislation as the commission can’t really classify it.

Goforth claims that part of the problem which prevents correct legislation is the fact that a broad definition does not cover the requirements of the four entities in US government currently dealing with cryptocurrency. The Internal Revenue Service (IRS) defines cryptocurrency assets as property, the Department of Treasury through its Financial Crimes Enforcement Network (FinCEN) “very much like money”, the Commodity Futures Trading Commission (CFTC) as commodities, while the Securities and Exchange Commission (SEC) lumps cryptocurrency assets into its “securities” basket.

Here lies the problem claims Goforth; this diverse set of contradictory definitions make a broader definition impossible, in fact as she points out cryptocurrencies also have other functions not even covered by these four definitions.

Putting aside these four bodies, jurisdictions of individual US states are also bringing in their own guidelines regarding virtual assets, adding even more uncertainty to an already confused area, claims Goforth. Registering an exchange in New York, for example, will require a different process for completing the same activity in, for example, California.

The professor explains that in view of such a diversity of cryptocurrency functions a monolithic approach to defining and therefore regulating virtual currency should be abandoned to make way for far more nuanced thinking by government agencies; an approach which examines the functionality of the crypto asset along with the requirements of the agency issuing guidelines for its use.

 

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Blockchain Gains IP Credence Among Chinese Legal Institutions

Blockchain Gains Credence Among Chinese Legal Institutions

Blockchain has found its way to an internet courtroom in Eastern China to get justice for writers, reports China.org.cn.

The painstaking effort exercised in getting justice for authors whose intellectual properties are misappropriated just got easier, as explained by a judge of an internet court in China,Wang Jiangqiao. He said:

“Writers used to resort to screenshots and downloaded content as evidence, which was hard to gain legal recognition as the process was not credible enough.”

But it seems with the perks of blockchain’s immutability and timestamp actions, the credibility of the facts stored on a blockchain is much more reliable. Wang added that:

“Blockchain guarantees that data cannot be tampered [with], due to its decentralized and open distributed ledger technology. Therefore, all digital footprints stored in the judicial blockchain system, [including] authorship, time of creation, content, and evidence of infringement, have legal effect.”

More so, plaintiffs have had to suffer the high cost of legal bills when seeking justice through the traditional method as Wang observed that “notarial procedures and hiring of professional lawyers push up the costs of seeking justice”.

The media outlet also reports that 107 prominent online writers have signed contracts to produce works in a “writers’ village” in the city’s Binjiang District of Hangzhou. Hangzhou is home to many, if not most, online writers in China.

Three internet courts have been situated in three districts: Hangzhou, Beijing, and Guangzhou. While internet-related cases are a norm because of the high internet activity in the country, Hangzhou appears to be in the front lead to adopt blockchain solution in solving copyright issues, first with writers.

The first time a case was solved through evidence brought forward on the basis of blockchain happened about five months back. A Chinese defendant successfully argued his innocence in the Chinese court at Hangzhou using blockchain timestamp data, clearing his name from charges of copyright theft.

It appears that writers are not the only ones who need the services of the internet court, as China is home to over 800 million internet explorers with online businesses at the heart of the activity. Other related case types being handled by the court include contract dispute arising from online shopping, product liability dispute arising from online shopping, disputes over internet service contract, disputes arising from the financial loan contract disputes and small loan contract disputes signed and executed on the Internet.

On the traditional side of things, other real-world courts are adopting the concept of blockchain as a reliable witness to intellectual property as seen in the case of the Russian Intellectual Property (IP) court successfully using a blockchain-based solution for storing copyright data.

Even though cryptocurrencies are banned in China, its Supreme Court seems to think blockchain evidence can be seen as legally binding material in court.

 

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Upbeat Investors Maintain Bullish Predictions, Diversification

Upbeat Investors Maintain Bullish Predictions, Diversification

The likes of billionaire Tim Draper who is never short of making upbeat predictions regarding cryptocurrencies are not mainstream investors and are their observations are unlikely to have their desired impact on markets.

This is not to say that the next run on crypto markets could be a huge surge towards Bitcoin’s heady highs of 2017. This according to many is reliant not on input from players such as Draper and ex-hedge fund manager and CEO of Galaxy Investment Mike Novogratz, but more on historically-based theory.

Novogratz claims have done rather well from investing in cryptocurrency but the key is how much has he been able to lose. He stated in 2017 that 20% of his net worth was in Bitcoin and Ethereum, claiming that he made USD 250 million from cryptocurrency from 2016-2017.

It is worth considering then, the other 80% of his non-crypto assets. Like Tim Draper and any sensible investor, he diversified his investment portfolios early on, thereby enabling him to take the sort of hits that would be terminal for most other cryptocurrency investors.

Draper, holding an MBA from Harvard Business School, comes from a long line of banking venture capitalists and is far too canny to be totally crypto-asset dependent; another who can ride any storm with a 100% guarantee of survival.

This is obviously not the case for normal retail investors and individual traders, who take a deep breath with every dip in the market, waiting eagerly for the SEC to wake up and realize that cryptocurrencies are here to stay.

Jim Breyer, a billionaire venture capitalist, added that the world’s best computer scientists are heading to the blockchain space and this is where the future lies:

“So many of the very best computer scientists and deep learning PhD students and postdocs are working on blockchain because they have so much fundamental interest in what blockchain can mean. You don’t want to bet against the best and brightest in the world.”

Cryptocurrencies are clearly not a fad, but those warnings about not overloading one’s cryptocurrency portfolio but maintaining a sensible split between crypto and fiat remain true, at least until the market stabilizes. Billionaires are quite happy spending other people’s money. It may be more advisable to listen to Wall St which tends to be far more stoic, based on what horse racing pundits would call “form”.

The form is that over the past nine years, Bitcoin has survived five bubble-crash-build-rally cycles seeing it fall by about 85% on average and then recover to a new all-time high. From USD 19,500, Bitcoin has dropped about 82% in value and the 85% point would be at around USD 2,950.

So, another drop towards this figure shouldn’t surprise, nor should a bull run following that level. Bitcoin could still be first past the post. It’s early days.

 

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Ethereum Hard Fork at Block 7,080,000 in January 2019

Ethereum Hard Fork at Block 7,080,000 in January 2019

The Ethereum development team has come to an agreement to deploy the Constantinople hard fork at block 7,080,000. Currently, Ethereum is near block 6.86 million, so this fork should happen some time between 14-18 January 2019.

The Constantinople hard fork was supposed to deploy in November 2018 but when had failed when deployed on the testnet in October 2018. After the failure on testnet, developer Afri Shchoedon made the accurate forecast that a fork was unlikely in 2018.

Ethereum has declined from USD 1,400 to less than USD 100 during 2018, and numerous companies and platforms launched via Ethereum are facing increasing enforcement pressure from the Securities and Exchange Commission (SEC) for unregistered issuance and trading of securities. This perhaps makes January 2019 a less than ideal time for a hard fork of the Ethereum blockchain, but the developers do not have much of a choice due to the difficulty bomb.

The difficulty bomb is programmed into Ethereum to cause blocks to become exponentially slower after a point, which eventually leads to an ice age where no more blocks are mined. This forces the developers to hard fork Ethereum periodically, and the point of this is to make sure Ethereum keeps on getting updated with the latest technology. The difficulty bomb is not going to be removed in the Constantinople fork, just delayed another 18 months.

The Constantinople hard fork may cause contention between investors and miners since it lowers the block reward from 3 Ether to 2 Ether. On the other hand, investors should welcome a lower inflation rate of Ether supply. However, miners have been struggling due to the collapse of Ethereum’s price and slashing the block reward by a third during this time could be seen as inconsiderate.

Lowering the block reward is already a heated issue but the Ethereum developers are rushing to implement ProgPoW, which would make ASICs incompatible with Ethereum mining. This move is likely to disenfranchise most of the major Ethereum miners.

The debate over this fork will intensify over the next month as the fork approaches and an Ethereum split is not out of the question, since the developers appear to have different views from the miners who are securing the network. Ethereum has already split once due to a hard fork over the loss of the development fund, since some of the community did not agree in reversing any transactions even if it was a hack, and this is how Ethereum Classic was born.

Yet another version of Ethereum could easily be born if a fraction of miners coordinate and decide not to upgrade their nodes to Constantinople. Indeed, miners who use ASICs have nothing to lose by doing this, since if ProgPoW is implemented their hardware will instantly become worthless unless they can succeed at keeping the current version of Ethereum alive.

 

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Trade Follow Global Matches Investors with Expert Traders for Maximum Profits

Trade Follow Global Matches Investors With Expert Traders For Maximum Profits

Trade Follow Global (TFG) is an estabilished Global Forex and CFD Broker trading platform that utilizes social trading to bring maximum profits to cryptocurrency investors. In addition to cryptocurrency, TFG offers metals, CFDs, stocks, and fiat currencies. New users can open a demo account to see how TFG works, before investing any actual money. Social trading may be the next big thing for cryptocurrency and traditional market trading.

TFG uses proven strategies and sources for selecting Top Traders. These are expert traders and money managers. Their history of trading must have stable income. TFG’s Top Traders make short-term trading orders, will close all orders within a day, and must produce consistent profits of 2% daily.

Followers are people who invest with TFG, and they are matched with Top Traders. Followers can see all of the trading decisions of the Top Traders they select, which can provide an educational crash course on how to trade. Also, followers can allow the Top Traders to make investment decisions for them, so users can take part in the market without investing the time and research needed in order to profitably trade. Profits will be more stable because Top Traders are reliable. Depending on the amount of capital invested, Followers will be able to follow up to 10 Top Traders. Following more Top Traders minimizes risk. The below chart shows the different levels of membership at TFG, and the corresponding number of Top Traders that can be followed for each membership level.

TFG will keep 30% of the Followers’ profit to give rewards to the Top Traders (15%), and the remaining is given to the Operation and Insurance Fund. Followers can receive 50% insurance if their daily trades result in a loss.

Overall profits for followers is capped at 200%. After this goal is reached, Followers will receive the principal and need to deposit more to continue trading and earning with TFG.

TFG aims to be listed publicly in 2020. TFG is awarding shares to all investors until the total amount of awarded shares reach 1,400,000,000 shares (40% of total corporate shares). The holders will receive dividends from the company’s revenue on a monthly basis, and after August 2019 these shares can be traded in the community. Higher membership levels come with increased stock bonuses, as can be seen in the above chart.

Followers can get bonuses from the TFG referral program. Anytime a new investor is referred, the Follower that referred them will get a fixed bonus based on the plan the new investor purchases.

Thus, users of the TFG platform have multiple avenues to make money including receiving profits by investing in Top Traders, earning TFG stock, and referring new users. New users can learn more by viewing this TFG presentation, contact TFG via the email contact@tradefollow.global, and can open a TFG account at this link.

 

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Dutch Province of Limburg Launches Community Crypto

Dutch Province of Limburg Launches Community Crypto

Dutch cryptocurrency platform Studio/Belfius has joined with payment platform LimbU in Limburg in the South of Holland to create its own cryptocurrency for promoting community spirit.

The initiators of the project suggest that the aim is to encourage sustainability, community support, promotion of local produce, and the creation of supply chains throughout Limburg’s 10 provincial regions.

Limburg is the southernmost of 12 provinces of the Netherlands. It is in the southeastern part of the country, stretched out from the north, touching the province of Gelderland, to the south, where it internationally borders Belgium.

The new digital currency, the “Limbu” has no fiat support but is transferable to users’ wallets throughout the province after locals complete a range of civically responsible activities such as; garbage collection, doing small repairs, giving blood, collecting clothes for charity, undergoing first aid training or composting organic waste.

The aim is to also encourage companies, public authorities, and associations to contribute through the scheme towards building a “greener, more welcoming Limburg.” The project’s member Wim Van De Putte explains:

“It was not easy finding the right partner with the required experience and expertise. But from the very outset, Studio Innovation Lab impressed us with its ability to understand this complex issue and its willingness to meet the challenge. In fact, The Studio has its own scalable platform for creating a digital currency based on the blockchain.”

As the project, Uitmuntend Limburg, grows in numbers, it plans to hand over to Limburg.net. and widen the range and scope of activities around the province, especially as thousands of Limburgers across the 10 regions already have their wallets. Ronny Neckebroeck from The Studio commented:

“We are honored to be part of such a beautiful project. Developing the platform and payment app is a major step forward along the way towards making the LimbU project a professional and sustainable initiative. Working with Uitmuntend Limburg, we will make the LimbU a success – we are sure of it. And our experience in innovative digital solutions and blockchain makes us the ideal partner for handling the technological side of this great story.”

At the beginning of this year, The Studio also developed Pengo, an innovative service that enables individuals to send payment requests via instant messaging platforms such as Facebook Messenger, and WhatsApp.

The Netherlands is a leader in advancing blockchain technology in Europe and often slips under the radar, but the Dutch government is no slouch when it comes to promoting the interests of companies adopting new technologies, especially when such projects benefit the entire community such as Uitmuntend Limburg. Holland is a country with a social conscience, and legislation over the years has illustrated the degree to which its population is a beneficiary of the desire shown by the government to support its society as a whole.

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BitcoinNews.com Daily Podcast 8th December 2018: BitCambio User Hits Jackpot

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Listen to the 8 December 2018 BitcoinNews.com Daily Podcast below.

On this edition of the BitcoinNews.com Daily Podcast, we analyze the markets as they sit near their lows for the year. Hear about a BitCambio user who withdrew USD 128 of cryptocurrency, and got USD 35 million in their bank. Learn about a bet from Morgan Creek that crypto will outperform the S&P 500 over the next 10 years.

Follow the Bitcoin News Daily Podcast on AnchoriTunesSpotifyGoogle PodcastsStitcherRadio PublicPocket CastsOvercastCastbox, and Breaker. We broadcast a new episode every day, covering the most important topics in the crypto, Bitcoin, and blockchain world!

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