Welcome to the Crowdify digest of interesting and important news and views about Bitcoin and Cryptocurrency.
Austria’s Energy Company Switch First To Take Bitcoin Payments
Austrian and German energy provider Switch has begun accepting Bitcoin for gas and electricity bill payments.
In a press release and Facebook post Wednesday, Switch, which is wholly owned by EnergieAllianz Austria, said the move marked a first for Austrian energy customers.
“With the introduction of cryptocurrency Bitcoin as a payment method in Austria we’re aiming to cater principally to digitally-aware customers and other interested parties,” CEO Christoph Schmidt said in the accompanying release.
Billing literature can now also be issued in Bitcoin for those opting to use it for payments.
Full story at http://bit.ly/2ucuTZq
Source: CoinTelegraph
Tezos $232 Mln ICO Sparks Fresh Fears For Ethereum Sell-Off
The closure of Tezos’ $232 mln ICO - the largest in history - is dividing the community concerned about mass Ethereum sell-offs.
As Tim Draper-backed Tezos concluded its 12-day uncapped token sale Thursday, many including mainstream media, were excited about where the project and its coin would go.
Conversely, however, increasing evidence of startups already wholesale converting ETH profits from ICOs to fiat is causing concerns among investors.
Full story at http://bit.ly/2sUpDW9
Source: CoinTelegraph
Bitcoin Price Swings Won’t Hurt Its Asset Value Perspectives: Experts
Investors are still forging ahead with digital currencies such as Bitcoin and Ethereum despite the recent volatility. Many experts and professional investors still believe that there are unprecedented returns on offer.
Investors in traditional markets are not used to seeing swings of 50 percent in a month for an asset, such as what happened to Ethereum which dropped from nearly $400 to just over $200, as well as experiencing a flash crash.
There has also been a huge correction in Bitcoin price that has seen it fall from its high of $3,000. Despite this though, predictions for digital currency are still aimed astronomically skyward. It is because of the popularity and huge increase in uptake that these digital currencies are on the rise, but also due to companies looking into the technology behind it.
Full story at http://bit.ly/2udbkjF
Source: CoinTelegraph
First Private Bank in Switzerland Begins Offering Customers Bitcoins Directly
In a major event for Swiss banking and Bitcoin generally, Falcon Private Bank became the first Swiss bank to begin offering customers direct access to their Bitcoin and altcoin portfolios. Through a partnership with Bitcoin Suisse AG, the bank is able to provide the necessary infrastructure to allow clients access to their coin holdings.
The company representative said,
“This new product offering will enable Falcon Private Bank clients to hold, buy and sell Bitcoin directly through their e-banking platform or account manager.”
The move should come as no surprise to those following the Bitcoin and altcoin markets, as investors are ready and willing to start moving into cryptocurrencies in recent months.
Full story at http://bit.ly/2ucZ4zC
Source: CoinTelegraph
3 Question To Ask Before Investing In An ICO
There appears to be an ICO frenzy across the Blockchain industry. Everywhere you look, a new product is created with a corresponding ICO launch.
While there are genuine products and judiciously executed ICOs, there have been reports of insincere setups that only succeed in reaping the masses of their wealth.
Full story at http://bit.ly/2uLYhD5
Source: CoinTelegraph
Cryptocurrency Markets Enter Into Maturity Phase, Acceptance Around Corner
Cryptocurrencies have come into their own. For the longest time, the question that everyone would ask was whether their favorite cryptocurrency (usually Bitcoin) would survive in the future?
Today, the question is more of what will become of the cryptocurrencies in vogue and what shape the evolving cryptocurrency market is taking.
We have seen a significant rise of the altcoins, which were previously dismissed as Bitcoin clones.
In May 2017 Ethereum had already surpassed half of Bitcoin’s market capitalization. Coins like Ripple, Ethereum Classic, Dash and others have all seen a phenomenal rise in their prices. So has the cryptocurrency market matured? Are we looking at a new phase in the rise of Bitcoin and other cryptocurrencies?
Full story at http://bit.ly/2uLYztz
Source: CoinTelegraph
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