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✅Overstock and Bitsy to Launch Their Bitcoin Wallet Next Week
The beta version of the Bitsy Bitcoin wallet will be available to download, for free, from the 12th of November. The platform is owned by the bullish U.S. retailer, Overstock. While initially making a name for themselves as an e-retailer, U.S.-based Overstock has shifted gears to focus more on blockchain technology and virtual currencies.
🔸Inclusion of Pro-Blockchain Gibraltar Minister in DC Panel Positive Sign for US Regulation
The Gibraltar Minister for Commerce, Albert Isola, has urged the DC Fintech Week panel to ”collectively strive towards fintech excellence” while sharing his views on regulatory competition in the blockchain industry. The inclusion of a well-known pro-blockchain speaker on the mainstream panel discussion is a promising indicator for the future of the technology in the US.
🔸Scalability: A Big Obstacle for the Cryptocurrency Ecosystem
31st of October, 2018, marked a landmark for cryptocurrencies – it was the tenth anniversary of the Bitcoin whitepaper, meaning cryptocurrencies have turned ten years old. A lot has been achieved over the past ten years – but there are many goals which have been left unfulfilled. This is particularly in reference to the issues of scalability and adoption, problems which continue to haunt the cryptocurrency ecosystem.
Scalability is a problem which wasn’t really envisioned in the early days of cryptocurrencies.
🔸Nakamoto’s Colleague, Donor of BTC 15,678 Says Bitcoin’s Survival ”No Question”
Jeff Garzik, a close colleague of Satoshi Nakamoto, said that although Bitcoin may not have reached its original goal of being used as a private currency, there is ”no question” of its survival.
Garzik, who until 2014 was the third largest contributor to Bitcoin’s code, was responsible for giving away a developer’s bounty to encourage more workers onto the software in the early days of the currency, around seven years ago. He donated 15,678 bitcoins of his own funds, valued at over USD 100 million in today’s prices.
🔸BitMEX to Settle Contracts using Bitcoin Cash ABC After BCH Hard Fork
With the Bitcoin Cash (BCH) hard fork date quickly approaching, plenty of cryptocurrency enthusiasts are anxious as to how many crypto exchanges will support the event. We have had the likes of Binance, Coinbase, Ledger and BitMEX announcing their plans to handle the hard fork. In the case of the latter exchange, the team has just announced additional information as to how the platform will support the hard-fork on the 15th of November.
🔸Bitcoin Could Reach $250k by 2023 Says Tim Draper
The cryptocurrency investor and billionaire Trim Draper said that his Bitcoin price prediction for the next years remains solid. Draper believes that Bitcoin is going to reach $250,000 dollars by 2022. Although the market has been in a bear trend in 2018, he confirms this Bitcoin (BTC) price prediction.
🔸Shapeshift’s CEO about Vitalik Buterin: “Ethereum Is Better Because He’s Involved.”
In a short conversation with Ran Neuner, host of CNBC’s Crypto Trader, Eric Vorhees, CEO of ShapeShift shared his views on the future of cryptocurrencies and blockchain technologies.
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Most of us online consumers today may have already heard about Bitcoin, cryptocurrencies, and blockchain technology at one point or another. Some of us may have grown our interest in these revolutionary digital assets and have invested our time doing research as well as our money on buying cryptocurrencies that we believe in. However, there are still many of us who are still clueless about ... Bitcoin relies on a peer-to-peer network, a collection of computers called nodes that are linked with each other and run Bitcoin blockchain. It's called a blockchain because it contains blocks of codes that are chained together in chronological order, with each block having a record of transactions. Since the blockchain is present on every computer or node, nobody can make any changes on their ... Overstock.com to Pay Business Tax in BitcoinA cryptocurrency firm based in the US, Overstock.com have announced that the firm will be paying part of its business tax using bitcoin. Its CEO, Patrick Byrne then explained, â€œThe governmental adoption of emerging technologies such as cryptocurrencies is the best way to ensure the U.S. does not lose our place at the ever-advancing global ... tZERO, the blockchain providing subsidiary of retailer Overstock.com, announced on Thursday, June 27, the launch of its new digital wallet and exchange app for cryptocurrency trading.. Investors can download the app to their mobile phones and buy, sell and store Bitcoin and Ethereum on their devices without the need for any other onboarding platform or specialized crypto-wallet equipment. The number of daily confirmed transactions highlights the value of the Bitcoin network as a way to securely transfer funds without a third part. Notes. Transactions are accounted for only once they are included in a block. During times of peak mempool congestion, transactions with lower fees are likely to be confirmed after a few hours or even days in rare cases. While this graph is a suitable ... Overstock CEO Jonathan Johnson said that immunity passports to prove lack of coronavirus infection may push blockchain technology out of Bitcoin’s shadow. Overstock CEO Jonathan Johnson has claimed that private, consumer-controlled immunity passports may be the killer-app that propels blockchain technology into the mainstream. Top 10 Bitcoin and Blockchain-based Stock options for 2019 and 2020 1. Bitcoin Investment Trust (Ticker: GBTC) Starting off with the most obvious stock option, the Bitcoin Investment Trust was first started and sponsored by Grayscale Investments, a subsidiary of the Digital Currency Group. Officially named as the Grayscale Bitcoin Investment Trust, as mentioned before, it buys and stores ... Retail giant Overstock has released its Q2 2019 financial results, revealing a 23% decrease in revenue and a 19% loss in gross profit. In a shareholder announcement published on Aug. 8, Overstock stated that its blockchain subsidiary firm, tZERO, is progressing as planned, with a focus on six key areas — notably security tokens. Overstock CEO Jonathan Johnson has claimed that private, consumer-controlled immunity passports may be the killer-app that propels blockchain technology into the mainstream. In an interview with PYMNTS, he said that the company’s investment arm has turned to two startups creating blockchain-based apps allowing consumers to download and control their health records. Overstock Files Blockchain-Based Stock Registration With SEC. Online retail giant Overstock filed an S-3 form for the registration of its blockchain-based digital preferred stock with the United States Securities and Exchange Commission (SEC). The news builds on previous reports that the firm was looking to liberalize its planned digital dividend shares trading. Investment news outlet ...
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