Can Cryptocurrency Debit Cards Increase Day-to-Day Usage of Digital Coins?
With less than a quarter of Americans using cash in their day-to-day purchases, it’s more evidence that society is becoming an increasingly cashless environment.
On the other hand, cryptocurrencies are growing in popularity. However, most users only hold crypto to save and invest.
So with digital coins like Bitcoin, Ether and Litecoin becoming increasingly popular, why aren’t we seeing more widespread adoption?
Full story at http://bit.ly/2gMunMB
Source: CoinTelegraph
Bitcoin Comes Clawing Back After Selloff on China Ruling: Chart
Bitcoin traders seem to be taking Monday’s 11 percent slump -- triggered by China ruling initial coin offerings illegal -- as a buying opportunity. The cryptocurrency is rising a second day, gaining back about 4.5 percent over that period as of 3:27 p.m. Hong Kong time, and Monday’s losses have barely made a dent in bitcoin’s 2017 surge, with the virtual currency still up 379 percent since January. China’s central bank ordered all fundraising related to ICOs halted immediately, the strongest regulatory pushback thus far to the swelling market for digital token sales.
Full story at https://bloom.bg/2f6E9W6
Source: Bloomberg
How Bitcoin Rescued Victims of Hurricane Harvey
The International Cherch of Blerk, a registered crypto-based 501(c)(3), and recognized religion, is revolutionizing peer to peer charitable works. They are using crypto currency to target aid where it’s needed most.
After Huricane Harvey struck South Texas, Cherch of Blerk Executive Director Jason Seibert, along with Blerk Medical Director, Dr. Rhiana Ireland, loaded up a truck with a chainsaw, generator, fuel, water and coffee and drove as far into the storm as they could. They finally arrived in Bay City, Texas in the heart of hard-hit Matagorda County after dodging tornadoes and plowing through pouring rain.
In the following days, Seibert and Ireland coordinated the creation of several shelters in the Galveston County area.
Dr. Ireland was recognized nationally for her life saving efforts in JEMS (the Journal of Emergency Medicine). Seibert implemented infectious disease control protocols in food service and meal plans, ran a makeshift kitchen, and produced nearly 12,000 meals for four shelters. Blerk ran all the efforts, advising local officials on how to proceed and how to create new shelters. Blerk even ran medical supplies between shelters as the Red Cross was nowhere to be found.
Full story at http://bit.ly/2f5nTED
Source: CoinTelegraph
Bitcoin Is Getting Easier To Understand, And It's Pushing Up Prices
“Crypto needn’t be cryptic.”
That was the tagline on an advertisement for the Crypto CopyFund, an investment vehicle offering a bunch of “the world’s biggest digital currencies” in a single “innovative portfolio.”
Sold by social trading network etoro, the portfolio brings together bitcoin, Ethereum, Ethereum Classic, Dash, Ripple and Litecoin into one package. Investors would be able to make (or lose) money with the rise and fall in the value of digital currencies in the same way that they invest in a stock portfolio. And like a stock portfolio sold by an investment house, they wouldn’t need to go anywhere near the exchanges. They wouldn’t need to understand blockchains and mining, know what forks are or why they matter, and they certainly wouldn’t need to tell the difference between each of those digital currencies, how they’re used, what they’re for, their trading volumes or their market capitalizations. They’d just need to know where to send their money and remember something about bitcoin reaching new heights every month.
What was really telling, though, was where the advertisement appeared. It was on the London Underground. The portfolio wasn’t being pitched to the kinds of city brokers who know all about risks and derivatives, and trade gazillions on behalf of trust funds. It wasn’t for Silicon Valley venture capitalists who know a good tech thing when they see one. It was aimed at the passengers who take the 5 million journeys to work and stores and sites that London’s subway delivers every day. It was an attempt to bring bitcoin to the masses.
Full story at http://bit.ly/2f762gO
Source: Forbes
London developer to allow rental tenants to pay deposits in bitcoin
A London property developer is to allow its tenants to pay their deposits in bitcoin– the first time the virtual currency has been used in the UK residential homes market.
Co-living pioneer The Collective has announced that prospective tenants can pay deposits from Monday in bitcoin. By the end of this year it will also accept rent payments in the cryptocurrency. This is the first time in the UK a major property developer has enabled bitcoin payments. The Collective said it was in response to demand predominantly from international customers.
The price of bitcoin hit a record high of $4,700 (£3,627) last week, having risen by 350% since the beginning of the year. Bitcoin is the world’s first decentralised currency and is not controlled by any government or bank. While increased global recognition is leading to mainstream adoption, critics warn that – as a vehicle popular with speculators looking to make a quick buck – it is volatile, risky and potentially dangerous.
However, from Monday The Collective’s online booking form for its Old Oak co-living scheme – the world’s largest co-living development,with 550 rooms, which launched last May and where rent starts from £178 a week for a 10 sq m space – will accept bitcoin deposits. The standard deposit is £500 – for all unit types and sizes – and The Collective has pledged “spot conversion”, which means it will bear any financial risk while holding the deposit, returning it at the original value when the tenancy finishes.
Full story at http://bit.ly/2f78P9L
Source: The Guardian
Could bitcoin be the next gold?
The idea has a lot of intuitive appeal. Gold bugs and bitcoin fetishists tend to share a deep distrust of fiat currency and the nation state, an impregnable bullishness about their favored asset class, and an obsessive attention to details of market movements combined with a blithe disinterest in bigger-picture issues.
The idea has become particularly popular as the value invested in bitcoin and other cryptocurrencies has marched upward over the past year. Even after this week's selloff, prompted by China declaring initial coin offerings illegal, the value of all cryptocurrencies in circulation is around $155 billion, according to Coinmarketcap.com.
Full story at https://bloom.bg/2f6R7Do
Source: Bloomberg
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