As Bitcoin’s Value Rises Real Estate for BTC Sales Follows the Trend
Just recently a person selling a brand new home in Vancouver announced that he was selling the US$3.5 million dollar house for 2099 bitcoins. The Hong Kong Craigslist post offers a nice Coquitlam home in British Columbia, Canada with all the fixings. The post asks for “serious inquiries only” and states the the house for sale is located in “one of the hottest markets on the planet.”
The ad made headlines across various news outlets speculating this was a sign of how Chinese citizens are bypassing cash outflows by purchasing real estate. The publications Zero Hedge and the Huffington Post propose this may be how Chinese investors are moving significant amounts of funds out of the mainland.
Another way a person can sell or buy a home for bitcoin is through the platform Bitcoin Real Estate. The platform is very similar to applications like Zillow and has quite a bit of real estate listings with prices denominated in BTC. Listing a home requires a simple registration process and buyers looking for a home can easily access the search settings that includes filters. Bitcoin Real Estate offers a variety of properties with a broad array of price ranges as some listings are just land and others can be million dollar homes.
For instance, for around 755 BTC ($1.3M) an individual can purchase a luxury villa in Thailand at the Sanctum in Chiang Mai. The property comes with Smart Home capabilities, an Italian stone kitchen, a saltwater pool, four car garage, and even a nuclear fallout shelter. If you don’t have deep pockets, you can also purchase land that doesn’t have a house on the property for 17.5 – 35 BTC. There are many cheaper properties that can be found on Bitcoin Real Estate from places like Costa Rica, Mexico, Scotland, India and more. The Bitcoin Real Estate platform has 23 pages of listings for sales and rentals all around the world.
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Bitcoin Could Tap into $40 Trillion Japanese FX Margin Trading Market This Year
Since the Japanese government started recognizing bitcoin as a method of payment on April 1, online exchanges, funds and remittance companies have been racing to formally register with the FSA. “The process is expensive, demanding, laced with invisible tripwires and not all applicants, by any means, will be successful,” the Financial Timesreports, adding that “the prize, though, could be spectacular.”
By October 1, any bitcoin exchanges or money transfer businesses wanting to operate in Japan must be registered with the FSA and be submitted to annual audits. They have to comply with many new rules such as having extensive know-your-customer (KYC) processes and separate customers funds from their owns.
Once registered with the FSA, these companies will be able to offer their bitcoin services and products to Japanese retail investors which largely comprise of Mrs Watanabe. The term Mrs Watanabe refers to Japanese retail investors, originally housewives trading online at home. They are historically risk-averse but now favor FX margin trading. Over the past decade, they have become a big player in currency trading to combat low-interest rates in Japan.
According to a survey in April 2016 by the Bank of Japan which was published in September last year, the average daily turnover of the Japanese foreign exchange market was $399 billion. This translates to roughly $145 trillion annually.
Full story at http://bit.ly/2pWphkH
Bitcoin Price Breached $2,000, Pundits Coin-Flip What Comes Next
Bitcoin price finally breached the much anticipated $2,000 line, sending excitement throughout the burgeoning global cryptocurrency community. As early as five a.m. GMT+2 on Saturday, CoinMarketCap listed the pacesetter of digital currency for $2014 with almost $34 mln Market Cap.
The $2,000 lane has been expected for some time now but it intensified three days ago when Satoshi Nakamoto's brainchild stabilized at the $1,800 range.
On Friday it made it to the $1,900s further increasing the $2,000 price obsession.
As much as it is good news for the whole community, what does this mean for all of us? What is in it for the ecosystem? Experts and community members differ on what’s ahead.
Full story at http://bit.ly/2r7IGis
History is Made: Bitcoin Prices Top $2,000 to Set New All-Time High
The price of bitcoin surpassed $2,000 for the first time in history today, pushing the cryptocurrency to a fresh, new record amid rising trader interest.
The currency's price rose to as much as 2.62% during the session, according to CoinDesk's Bitcoin Price Index (BPI) to hit a press time high of $2,019. By rising above $2,000, bitcoin's price has surged more than 100% this year and nearly 125% since hitting an annual low of $891.51 in late March.
Now that the the digital currency has surpassed this key, psychological level of $2,000, it could experience some significant tailwinds, according to several analysts who spoke with CoinDesk.
Full story at http://bit.ly/2pX786e
How Not to Lose Your Bitcoin in 2017
2017 is almost here and the bitcoin price is surging!
Are you surprised by how much your bitcoin is worth? Don't let that surprise turn to dismay by losing it. Now is the perfect time to take a few basic precautions to keep your cryptocurrency secure.
Here are 8 do-it-yourself tips to help you improve your security
Full story at http://bit.ly/2pW9oL1
Newbie Bitcoin Users Have ‘Overloaded’ Us, Exert Pressure: Bitstamp Exchange
Bitstamp has warned it is “overloaded” as a surge of users new to Bitcoin places a huge strain on its resources.
In an announcement Wednesday, Bitstamp said the number of such users was “exerting significant pressure,” and it had shut down its telephone support altogether to divert staff elsewhere.
Users appear to have been caught unawares, Cointelegraph received a message asking for clarification of the lack of available support from the exchange.
The phenomenon presents questions as to how to educate newbies on using and trading cryptocurrencies and suggests available resources are not as readily accessible or straightforward as might be necessary.
Full story at http://bit.ly/2pW32Lw
Palestine Considers Launching Its Own Bitcoin, But Why Reinventing Wheel?
In a bid to free its economy, Palestine is considering a digital national currency. But with Bitcoin around, is it worth reinventing the wheel?
There are many countries that do not have a national currency and instead use another country’s currency in daily lives. For example, East Timor, British Virgin Islands, Palau and Zimbabwe use the US dollar. Similarly, Montenegro, San Marino and Kosovo use the Euro. The case of Palestine is an interesting one as it uses multiple currencies like the US dollar, Jordanian Dinar and the Israeli Shekel.
Now, it has emerged that the Palestine Monetary Authority (PMA) is planning its own digital currency, something of a Palestinian Bitcoin.
Full story at http://bit.ly/2r7In7E
Rich and Famous People on Bitcoin
Bitcoin is one of those topics that evokes great emotion and debate. So it is no surprise that even the richest and most famous people in the world have shared their thoughts and opinions on Bitcoin.
No banks, no fees and no inflation. These are a few potential perks of this thing called Bitcoin. But is bitcoin really the money of the future? What is all the rage about?
Full story at http://bit.ly/2pWpiVN
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