July 29 2019

4 Millions Bitcoins Lost 4ever 😲 🔥

According to a CoinMetrics study, the number of “intact” bitcoins reached a record high.

As of July 19, there were 3,847,859 BTC that had not moved for at least the last five years, which is 21.6% of the total number 1 cryptocurrency put on the market and in current prices is equivalent to almost $ 40 billion.

The analysis also showed that more than 50% of the extracted bitcoin has not yet been used to conduct transactions for more than a year.

As it stated in the company report: CoinMetrics calculates the number of intact bitcoins by subtracting from the total supply of bitcoins the volumes that were made “at least once during a certain period of time”.

Matt Odell, a digital currency analyst, believes that the growing number of bitcoins held for five years suggests that BTC is increasingly being used as a means of accumulating value, and not as a medium of exchange.

In confirmation of this, another study conducted by the New York-based company Chainalysis Inc showed that only 1.3% of transactions with bitcoins in 2019 were made by merchants. The remaining 98.7% of the volume circulate exclusively on the exchanges.

Crypto analyst Willy Woo, a partner at Adaptive Capital, noted that if the number of bitcoins withheld continues to grow, this will lead to low levels of circulation. As a result, the volatility of BTC can increase significantly.

The analyst’s fears may be justified, given that Grayscale Investments reportedly holds about 1% of the turnover supply of cryptocurrency # 1, or 203,000 BTC (about $ 2 billion at current prices).

It is also known that Block.one, the company behind the colossal $ 4 billion ICO EOS, holds about 140,000 BTC, which currently stands at about $ 1.4 billion.

Chainalysis’s research also showed that from 3.79 to 2.78 million bitcoins, i.e. up to 25% of the total turnover of BTC supplies may be lost forever.

Chainalysis estimates were made after segmentation of the amount of BTC in circulation based on age (bitcoin consciousness moment) and transaction activity. For certain segments, the company’s researchers used a statistical sample to determine the number of lost bitcoins.

The reason may be the improper use or loss of private keys, as well as the failure of the physical storage devices of “cold wallets” – hard drives, flash drives, cell phones …

Inaccessible for transactions will also be balances on wallets when their size becomes less than the commission fees of the trading floor.

Given the limited issue of the BTC coin as such, the above factors are becoming an additional powerful driver for increasing the value of digital gold.

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Category: Crypto World News | Comments Off on 4 Millions Bitcoins Lost 4ever 😲 🔥
July 28 2019

Norwegian Air will Accept Bitcoins NBX ✈️🔥

Norwegian news agency Dagens Næringsliv (DN) recently reported that one of Europe’s largest airlines, Norwegian Air, will soon allow passengers to buy tickets using bitcoins.

Using crypto assets to buy plane tickets is not a completely new idea, however, plans of Norwegian Air are promoting this concept further than previous projects.

Most cryptocurrency payment schemes for air services included third-party merchants. For example, the Latvian air transport company AirBaltic offers the opportunity to purchase plane tickets using bitcoins or the air, while transactions are processed through Coinbase.

Norwegian Air, unlike them, is developing its own cryptocurrency exchange, one of whose functions will be air ticket trading. The exchange, called the Norwegian Block Exchange (NBX), will be launched at August of this year.

Given the legal conflicts in the regulation of cryptocurrencies in different countries, this type of payment is initially planned to apply only to citizens of Norway. In addition to bitcoins, the airline will also accept some other cryptocurrencies, but their list has not yet been approved.

In addition to selling tickets for bitcoins, NBX will be integrated with the existing airline reward program. Customers will earn bonus points for using the services of the exchange, and then will be able to exchange these points for discounts on tickets or for other benefits.

Kyos-Mathisen, managing director of NBX, said that in addition to selling tickets to his own airline, the crypto-exchange will be open to other vendors.

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Category: Crypto World News | Comments Off on Norwegian Air will Accept Bitcoins NBX ✈️🔥
July 25 2019

German Regulator allows Tokenized Bonds 🔥

A BaFin Representative told to the press:

“We can confirm that we have approved the Fundament Group prospect. Indeed, we approved the prospectus for bonds based on the blockchain for the first time, but not for the first time with regard to the blockchain technology itself.”

Bonds secured by a portfolio of real estate in major German cities, including Berlin, Hamburg, Rostock and Jena

The volume of issuance of bonds is 250 million euros.

A technologically new financial instrument based on the Ethereum blockchain using the ERC-20 standard. An investor investing in bonds will receive a certificate of ownership or stock in the form of a digital token.

Tokens can be purchased for euros or US dollars, as well as in exchange for Bitcoins or Etherium. Owners of the tokens will receive from 4% to 8% annually. At any time tokens can be sold by the holder in the secondary markets, and without the participation of intermediaries.

Due to such properties, the Fundament Group security token introduces liquidity into the traditionally poorly liquid real estate investment market. The token will be available for sale to any retail investor with no restrictions on accommodation and the minimum investment package.

Florian Glatz, co-founder of the Fundament Group, said: “Typically, these projects are limited to either the minimum investment amount, around 100,000 euros, or are strongly limited by the number of investors you could have. So this is the first truly world-like real estate in the world.”

With the support of a team of experienced lawyers, political advisers and real estate developers, the Fundament Group creates a link between the traditional capital market and the digital blockchain-based financing.

“Since we are the first company to receive approval from the German Financial Market Authority for blockchain-based real estate bonds, we are pleased to start the sale of a real estate security token by preparing tokenization of other very attractive assets.”– added Florian Glatz.

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Category: Crypto World News | Comments Off on German Regulator allows Tokenized Bonds 🔥
July 23 2019

Iran Lanches its own cryptocurrency 🛢️💰

Iranian news agency Trehan News reported that Iran intends to launch a gold- plated cryptocurrency. Iranian Information and Communication Technology Director-General FANAP Shahab Javanmardi said that the Central Bank of Iran (CBI) has approved the release of new cryptocurrencies.

“The Iranian cryptocurrency will be supported by gold, but its function is similar to other cryptocurrencies. A crypto asset is designed to maximize the use of Iran’s frozen bank assets” – said Javanmardi.

The Financial Tribune reported that the gold-plated cryptocurrency project will be called Paymon.

Iran’s development of its own cryptocurrency is taking place against the backdrop of currency shocks in the country caused by US sanctions.

Similar statements are being made from Venezuela, which is also experiencing significant difficulties in international payments due to pressure from Washington.

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July 23 2019

Bulgaria has 200k Bitcoins 🔥

In Bulgaria, bitcoins confiscated are worth more than the country gold
reserves

The Bulgarian law enforcement authorities noted that were seized:
equipment, communication devices, computers, tablets
The report also had a figure of 213,519 bitcoins.
At today’s prices, 40 tons of Bulgarian gold reserves cost about $ 1.8 billion,
while 213,519 bitcoins are estimated at about $ 2.1 billion at the current
exchange rate!

Against the background of official authorities’ fears that bitcoin will be used
“for money laundering and terrorist financing,” this story has the opposite effect:
if bitcoin were used as a currency for spending the country’s budget, it would be not so easy for citizens to disguise where their taxes are actually spent

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July 20 2019

USA Congressman Supported Bitcoin 🕍🇺🇸

Patric McHenry the North Carolina Representative said: “FacebookLibra and other corporations are trying to imitate what is the essence of Bitcoin”

“We should not try to restrain this innovation, those who have tried have failed. …there is no way to kill Bitcoin!”

How Libra intends to respect the anonymity and decentralization of Cryptocurrancy, while Facebook, which will have all the powers to block the “Bad Actors” in the network.

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Category: Crypto World News, Cryptocurrencies Trading | Comments Off on USA Congressman Supported Bitcoin 🕍🇺🇸
July 3 2019

Main Facebook Libras Threats 🛡️⚖️

Libra are the treat to the financial system in general. 🗽

Facebook Coin Libra easily can gain capitalization of a few trillion dollars and make the instability on the financial bond markets as Facebook are promising that Libra will be backed by the bonds

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June 30 2019

Next Hype 🔥 Crazy Prices Forecast 😱 🚀

Next Bitcoin prices as well as the price of Etherium, Deep Brain Chain, Monero, Singularity Net, Zcash, Deep Onion and other altcoins will surprise many people.🔥
we are to believe the next Bitcoin hype will show the excellent profit for altcoins holders.🚀

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Category: Crypto World News, Cryptocurrencies Trading | Comments Off on Next Hype 🔥 Crazy Prices Forecast 😱 🚀