Venture capital investors have invested in Bitcoin $50 million and lost a pair of socks

In 2014, the Studio Planet Money venture capitalist Ben Horowitz argued about the fate of Bitcoin with financial columnist Felix Salmona.

Ben Horowitz, invested his time in Facebook and Twitter invested $ 50 million in startups related to Bitcoin. He believed that Bitcoin will change the world and will fully conquer the market of online shopping.

Felix salmon, financial blogger and cryptomathic, held the opposite view. He published an essay called “the Bitcoin bubble that will surely burst.” Horowitz wrote a commentary to the essay in which the author proposed to make a bet on the future of Bitcoin.

The two forces met in the Studio of Planet Money (NPR) and made a bet of five years. The confidence of Ben Horowitz was based on the understanding that Bitcoin is a major technological achievement, due to which people will be cheaper and easier to buy and sell things through the Internet.

According to Ben, how do I shop on the Internet — basically, using credit and debit cards — is a problem for many enterprises whose business is based on such sales. First, enterprises have to pay the companies making the credit card a Commission of about 2.5% of everything they sell. For some companies it very much. In addition, according to Ben, the company issuing credit cards deny some law-abiding customers because they are considered potential fraud.

Felix was skeptical about the success of Bitcoin. In particular, he was troubled by the fact that the number of bitcoins is limited. And it should mean that over time Bitcoin will become more valuable. In other words, deflation is inevitable. The rising price of Bitcoin will make it inconvenient for shopping on the Internet.

Ben and Felix agreed to meet after the survey, which will give Planet Money an independent company to find out whether the Americans Bitcoin for online purchases. If more than 10% of respondents answered in the affirmative — Ben will win, otherwise the winner will be Felix. The stakes in this dispute have become socks from Alpaca wool, which in 2014 could be bought for bitcoins.

Planet Money recently announced the winner. According to the results of an independent survey among 900 Americans, only 3% of respondents have used the cryptocurrency for payment of online purchases in the last month. Felix salmon won the dispute and a pair of lovely socks.

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Venture capital investment into blockchain startups increased by 280%

Cryptocurrency market is on the decline, largely due to problems with the regulation, but many of the ICO projects are not experiencing funding problems due to the influx of venture capital investment.

In its latest report, the research team Blockchain Diar reports that for the first three quarters of cryptocurrency and blockchain startups raised nearly 3.9 billion dollars with venture capital investors, representing a 280% increase compared with the 2017 year.

Along with the increase in the number of transactions with venture capital investors in the cryptocurrency sector, the average size of investment in cryptocurrency and blockchain projects increased by more than $ 1 million in 2018.

Black denotes investment capital, grey – number of transactions in the cryptocurrency sector.

Explaining the growing popularity of venture investment among ICO, the authors of the study cite cost reduction projects, as well as the fact that the prices of almost all tokens are far from their highs.

The research company also refers to the regulation of and problems with by the ICO as additional reasons for the popularity of crowdfunding.

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Famous comedian buys bitcoins to hide their capital from the government and wife

Famous U.S. comedian bill Cosby, desperate to save what was left of his $ 500 million, converts cash money into “virtual currency” to hide wealth from their creditors, governments and long-suffering wife Camille.

Cosby transferred to bitcoins 5 million after the expert explained the principle of operation of cryptocurrencies, the transactions in which it is almost impossible to track.

Such a strong need to hide all that is acquired back-breaking labor, have arisen in the life of a comedian is not just. The fact that 81-year-old Cosby was previously found guilty on three counts in the rape case.

According to the publication, Radar Online, convicted rapist needs $ 25 million for unpaid legal bills. Bill also gave all the credit accounts for their homes in new York and California.

A source close to Cosby reported that the comedian “does not intend” to pay court costs. Moreover, his humiliated wife, 74-year-old Camille, will fight for every penny in court during a divorce.

According to the same source, bitcoin is designed to Fund the potential withdrawal from justice.

“For me, this thing is a huge red flag,” says Frank Ahearn, author of “How to disappear”. — Cryptocurrency dropped in price and you have turned inside-out, but to buy Bitcoin right now. He is an irreplaceable tool if you are planning an escape.”

26 APR Cosby was convicted of the rape. According to the testimony of the victim named Andrea Constand, in 2004, he was drugged, then raped. Legal team of the actor does not deny the existence of sexual relations, but argues that that happened by mutual consent.

CNN noted that over the past few years, dozens of women made accusations of sexual harassment and rape at Cosby. However, only accusations from Constant led to litigation in the criminal case.

81-year-old monster who will be sentenced September 24 and which faces up to 30 years behind bars, is now preparing for the worst, hiring a prison consultant in order to save their lives.

“The label rapist is not something worth to cross the threshold of the prison,” said prison expert Cosby. — Sex offenders — instant target inside.”

Sources confirmed that Cosby was locked in a makeshift cell in the attic of the third floor of his mansion, eats meals in the prison style and demands that his staff scolded him, if he retreats from the schedule.

Bill Cosby has gained wide popularity in the USA in the 1960-ies with the release of the television series “I spy”. For the main role in this series, he received the American television award “Emmy”, becoming the first black actor to be awarded this award.

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Cryptocurrency hedge Fund Tetras Capital recommends buying Bitcoin and Ethereum to merge

Recently the cryptocurrency hedge Fund Tetras Capital understates the importance of Ethereum, while praising the Bitcoin. According to experts of the leading cryptocurrencies in the world a lot more growth potential than the “silver medalist” of the market.

By the way, this statement seems to have had a strong influence on the course of the cryptocurrency. ETH is clearly lost popularity with buyers, while Bitcoin shows significant improvement.

As a rule, the position of one investment Fund is not enough to affect the market’s opinion about a particular digital asset. However, it is proved that the bearish calls often attract the attention of some traders. As with other events in the sector, negative positions are likely to have a ripple effect on the water and will eventually lower the price on certain digital currency. It seems that this was achieved in Tetras Capital, when he published a detailed report, which is classified as Ethereum coin without a promising future.

In a detailed blog post, which mentioned a report that Tetras Capital said the reason for the refusal of the second largest cryptocurrency. The result Ethereum has significantly reduced the cost. To report 1 ETH was equivalent BTC 0,072, but after the publication — down to 0,068.

According to the report Tetras Capital, the popularity of Ethereum in a downward spiral. Predshestvuyuschih the success of the coin was caused by a combination of irrational and excessive zeal on the part of investors. In addition, the current value of ETH is not justified in the first place because the infrastructure and technology of blockchain Ethereum do not meet the required specifications.

Recently, the Ethereum network is mired in issues, the most important among them is the spam in the network that has brought losses in the amount of $ 15 million.

Tetras Capital noted that the coming months will be very difficult for Ethereum. The platform is under load due to the use of decentralized applications, will have to compete with alternative platforms. Based on all of the above reasons, the cryptocurrency hedge Fund Capital Tetras decided to sell their existing Ethereum.

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SVK CRYPTO PODCAST 129 – 25/04/2018 – Crypto Capital World Day 1

https://www.podbean.com/media/share/pb-hyx7x-900ca1

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

Follow us on Twitter: https://twitter.com/SVK_Crypto

Visit our website: www.svkcrypto.com

Email us: cstorry@svkcrypto.com

Telegram: https://t.me/SVKCrowd

 

SVK Crypto – Daily News Blog

SVK CRYPTO PODCAST 119 – 11/04/2018 – Ripple investing into Blockchain Capital?

https://www.podbean.com/media/share/pb-g84jj-8f16ce

Welcome to the SVK Crypto, 15 Minutes of Crypto Fame, brought to you by your host, Charles Storry. We provide daily cryptocurrency content and analysis on topics such as Bitcoin, Ethereum, Altcoins and ICO’s.

We not only produce our daily content we feature CEO’s of all exciting ICO’s! Stay tuned to find out more!

If you’d like to stay in touch or get more info from me, please SUBSCRIBE to the channel and spread the good word!

Follow us on Twitter: https://twitter.com/SVK_Crypto

Visit our website: www.svkcrypto.com

Email us: cstorry@svkcrypto.com

Telegram: https://t.me/SVKCrowd

 

SVK Crypto – Daily News Blog

Tom Lee: the Massive outflow of capital from the cryptocurrency market is not far off. Preparing for the new fall course

American traders are required to pay $ 25 billion in taxes on capital gains for transactions with digital money, which can lead to “massive” removal of tokens into U.S. dollars by the deadline for filing tax returns in mid-April. To this opinion came well-known investor and analyst Fundstrat Tom Lee.

“This mass Exodus of cryptocurrency to the US dollar, and historical estimates suggest that the outflow of each dollar is reflected by a fall in the market capitalization of cryptocurrencies for $ 20-25”

Former chief strategist at JP Morgan Chase, Lee is the only major analyst on wall Street who actively and openly supports Bitcoin and other cryptocurrencies.

“In addition, we believe that the pressure on the market by cryptocurrency exchanges, whose activities are subject to income tax in the jurisdiction of the United States,” said Lee. “The net profit of the majority of the exchanges in 2017 of over $ 1 billion, and working capital is a bitcoin and everyody, not dollars. Therefore, for the payment of tax liabilities exchange sell BTC / ETH.”

According to analysts, the biggest by market capitalization, the cryptocurrency fell by 50 percent in the first quarter, mainly due to the uncertainty of the regulation.

“The risk of consequences from the actions of the regulators are still significant. The mood is still horrible, and the position of Bitcoin disastrous”, adds the analyst.

However, despite the recent fall of Bitcoin prices, American investors still have to pay taxes on the capital gains obtained due to a significant rally in the cryptocurrency last year. The IRS considers “virtual currency” as property, that is, operations are subject to tax.

According to experts, the cryptocurrency investors have tax liabilities in the amount of $ 25 billion. USA in 2017.

According to Li, investors in 2017, received a record revenue of $ 1.04 trillion at the expense of cryptocurrencies and stocks. However, during tax ”season” courses of crypto-currencies will fall.

“Ultimately, we expect that Bitcoin will get stronger after April 17 — deadline of payment of taxes,” Lee said.

Paying taxes is not like anywhere else: a recent poll of 9 thousand Americans showed that more than half of respondents are going to cover from payment of taxes for operations with cryptocurrencies.

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