Bitcoin’s Price Counters the VIX, Confirming It’s Still a Risk Asset

Bitcoin’s Price Counters the VIX, Confirming It’s Still a Risk Asset
Source: Coindesk.com

Evidence is emerging that bitcoin has yet to truly earn its reputation as an “uncorreleated asset.” Case and point, bitcoin’s latest sell-off from $6,000 to nearly $3,000 was accompanied by a surge in the CBOE Volatility Index (VIX). The VIX measures the 30-day forward-looking volatility of the S&P 500 to gauge the market’s fear and risk tolerance, which is why it is commonly referred to as the “fear gauge” for the broader U.S. stock market.  In theory, the VIX should be low when the S&P 500 is in a steady uptrend and should only rise as does fear, causing panic selling and for either smart or weak hands to be shaken out of the market. Bitcoin, being a store of value that isn’t the product of a government, is advertised to be unaffected by the perceived fear or risk in any market,…

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Host a BCH Giveaway With Bitcoin.com’s Golden Ticket Software

Host a BCH Giveaway With Bitcoin.com’s Golden Ticket Software
Source: Bitcoin.com

Have you ever thought about creating a cryptocurrency giveaway during a hosted event? Now you can create your own crypto-based sweepstakes with Bitcoin.com’s event paper wallet generator. With Bitcoin.com’s Golden Ticket program and open source code, the software allows anyone to develop fantastic tickets funded with bitcoin cash (BCH). Also Read: Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support Create Your Own Bitcoin Cash Giveaway With Bitcoin.com’s Golden Ticket Software At Bitcoin.com we love to spread cryptocurrency awareness. In order to further grow adoption in a fun way this month, we decided to publish the open source Bitcoin.com Golden Ticket repository which can be found on Github. The code allows anyone with a light knowledge of terminal command prompts to create amazing giveaway tickets loaded with BCH. The Golden Ticket platform allows the creator to choose a custom mnemonic language or…

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How Bitcoin Gets To $10 Million and Solves The World Debt Problem

How Bitcoin Gets To $10 Million and Solves The World Debt Problem
Source: Bitcoinist.com

It’s a scenario we’d all like to see… and of course, eradicating world debt would also be a good thing. But is there a path to get there? Possibly, according to Lucid Investment Strategies. Hang onto your hats though; it’s going to be a bumpy ride. Five To One, Baby. One In Five. The world financial system has journeyed down an unsustainable path where unconstrained debt growth has become uncontrollable. Thus begins a new article charting Bitcoin’s potential climb to a price of $10 million. As premises go, it’s hard to argue with. Figures from The Institute of International Finance estimate world debt as around $247 trillion, and world wealth as $317 trillion. Significantly though, over the last 20 years, the debt has increased 394%, while the wealth only increased 133%. The rise to dominance of the Bitcoin standard is one of…

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Tax Nightmare: 10,000 Bitcoin Trades Net Swedish Man Nearly $1 Million in Taxes

Tax Nightmare: 10,000 Bitcoin Trades Net Swedish Man Nearly $1 Million in Taxes
Source: Dailysatoshi.com

By CCN.com: Linus Dunker, a Swedish crypto trader, was shocked to receive a bill for almost $1 million from the Swedish Tax Agency, claiming that the tax demand is “unreasonable.” The case is one of a growing number of cryptocurrency-related cases being taken up by the agency, with several bitcoin traders receiving tax bills for The post Tax Nightmare: 10,000 Bitcoin Trades Net Swedish Man Nearly $1 Million in Taxes appeared first on CCN The post Tax Nightmare: 10,000 Bitcoin Trades Net Swedish Man Nearly $1 Million in Taxes appeared first on Your Daily Satoshi.

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Can You Be Successful Without a College Degree?

Can You Be Successful Without a College Degree?
Source: Themerkle.com

Almost half of Gen Zers believe financial independence is the first marker of adulthood, but getting there is easier said than done. Having grown up before our very eyes, Gen Zers are already entering and even graduating college, bringing with them goals, determination, and no fear of questioning even the most enduring educational standard – college itself. Since the G.I. Bill was signed into law in 1944, total college enrollment in the US has steadily grown. College opportunities were booming thanks to this bill, giving million of returning veterans the education they deserve and setting a powerful national standard. By 2011, 20.4 million students were enrolled in college – 6.5% of the population. Yet academic year 2016 told a very different story. At this point, only 19.2 million students were working on college programs; one of the most alarming dips…

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Mastermind Who Planned Iceland’s Biggest Bitcoin Heist Jailed for 4.5 Years

Mastermind Who Planned Iceland’s Biggest Bitcoin Heist Jailed for 4.5 Years
Source: Bitcoin.com

Last year, Sindri Stefansson was arrested for his part in what has been described as the biggest heist Iceland has seen – over $2 million worth of Bitcoin mining equipment stolen in an operation that left police baffled. He has now been jailed for four and a half years along with his team of thieves.  Also read: Iceland’s ‘Big Bitcoin Heist’: Suspects Charged With Over $2M in Stolen Mining Rigs ‘Big Bitcoin Heist’ Sindri Por Stefansson hit headlines last year after managing to escape from his jail cell following his arrest for stealing millions of dollars of mining equipment. Local media have since reported that he was sentenced to four-and-a-half years’ imprisonment last week. His six other partners in crime were jailed for a total of nine years and seven months. Advania, the mining company that the gear was stolen from, received…

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Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, TRON, Bitcoin SV, Cardano: Price Analysis, Jan. 21

Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, TRON, Bitcoin SV, Cardano: Price Analysis, Jan. 21
Source: Dailysatoshi.com

Statements from several industry insiders suggest that cryptocurrencies are undervalued, and a reversal should soon be on the cards. How do the price charts look? The post Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, TRON, Bitcoin SV, Cardano: Price Analysis, Jan. 21 appeared first on Your Daily Satoshi.

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Crypto is Worthless, Fails Basic Financial Tests: Bank of England Adviser

Crypto is Worthless, Fails Basic Financial Tests: Bank of England Adviser
Source: Dailysatoshi.com

By CCN.com: Legacy banks are not worried about crypto because it has no value and fails the fundamental tests of financial services. That’s the assessment of Huw van Steenis, the senior adviser to Bank of England Governor Mark Carney. Van Steenis says while traditional banks are always trying to fend off competition from new fintech platforms, he’s The post Crypto is Worthless, Fails Basic Financial Tests: Bank of England Adviser appeared first on CCN The post Crypto is Worthless, Fails Basic Financial Tests: Bank of England Adviser appeared first on Your Daily Satoshi.

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Living on Bitcoin Day 5: An In-Store Buy At Last (Spoiler: It’s Pot-Related)

Living on Bitcoin Day 5: An In-Store Buy At Last (Spoiler: It’s Pot-Related)
Source: Dailysatoshi.com

This is the fifth instalment of reporter Colin Harper’s “Living on Bitcoin” experience in San Francisco. Find out what happened to him earlier on Day 1 , on Day 2 , on Day 3 and on Day 4. I woke up in a millionaire’s bed today, something I never thought I’d say because I ain’t gonna make a million bucks, and I always doubted I could’ve finagled my way into the bed of someone who had. Jeremy’s room is your prototypical festival bro living space: Bob Marley poster in one corner, jam band festival posters for Camp Bisco and Gathering of the Vibes (among other music festivals) tacked above a 50-inch, Toshiba plasma screen, which was leaning against the wall and propped up on the box it came in. A tangled cluster of conference passes (many speaker or VIP) hung…

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Falcon Private Bank Launches Crypto Wallet With Support for Direct BTC and BCH Transfers

Falcon Private Bank Launches Crypto Wallet With Support for Direct BTC and BCH Transfers
Source: Bitcoin.com

Switzerland’s Falcon Private Bank has introduced a cryptocurrency wallet as well as support for direct transfers of BTC, BCH, ETH and LTC for private and institutional investors. The bank said investors can now directly transfer cryptocurrencies to and from its own “segregated Falcon wallets.” They can also convert their digital coins into cash. Also read: Chile to Start Taxing Cryptocurrency Earnings in Second Quarter of 2019 ‘Fully Bankable Blockchain Assets’ In a press release published on Jan. 21, Falcon claimed that its latest offering “makes blockchain assets fully bankable.” The Zurich-based bank also claimed to provide secure storage thanks to its “proprietary custody solution.” “Clients can place trading orders conveniently through e-banking or a dedicated relationship manager,” said Falcon. “Digital assets are included in portfolio statements as well as in tax reporting documents.” The bank stated it had developed a process that…

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Blockchain-based Ride-Hailing App Opens in Vietnam

Blockchain-based Ride-Hailing App Opens in Vietnam
Source: Btcmanager.com

On January 21, 2019, blockchain-based ride-hailing app Tada launched operations in Vietnam after previous expansions into Cambodia. New Markets Tada, a blockchain-based ride app has seen quite the expansion in recent times. The opened to Cambodia in 2018, and now, they have opened in Vietnam. The company is based in Singapore and its parent company, South Korean start-up Mass Vehicle…Read More. The post by Tokoni Uti appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Avoid These Exchanges If You Want to Keep Your Bitcoins

Avoid These Exchanges If You Want to Keep Your Bitcoins
Source: Bitcoinist.com

Hackers stole over $1.8 billion in 2018 from crypto exchanges. So, if you’re still trusting one with your private keys, you really ought to know better. But if you’re too busy or too lazy to set up a hardware wallet for your funds, at least you should know where exchanges rank when it comes to cybersecurity. According to a report by CER and Hacken, not very well. Top 100 Crypto Exchanges by Cybersecurity Score CER and Hacken evaluated the state of the cybersecurity in the top 100 crypto exchanges by volume on CoinMarketCap as of January 1. What they found was a little disturbing. Without getting overly technical, for the sake of this study, cybersecurity means all the processes and technologies an exchange has in place to deter hackers from entering its system. An effective system, says CER, is one…

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Eurasian Resources Group is Piloting Blockchain Based Solution on the IBM Blockchain Platform

Eurasian Resources Group is Piloting Blockchain Based Solution on the IBM Blockchain Platform
Source: The-blockchain.com

Eurasian Resources Group, announced that it will be piloting a blockchain-based solution built on the IBM Blockchain Platform. As a founding member of the Global Battery Alliance, a World Economic Forum initiative, the group is helping to ensure a responsible supply chain for lithium-ion batteries that could power the fourth Industrial Revolution. The solution will initially be […] The post Eurasian Resources Group is Piloting Blockchain Based Solution on the IBM Blockchain Platform appeared first on Blockchain News.

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Living on Bitcoin Day 5: An In-Store Buy At Last (Spoiler: It’s Pot-Related)

Living on Bitcoin Day 5: An In-Store Buy At Last (Spoiler: It’s Pot-Related)
Source: Bitocoinmagazine.com

This is the fifth instalment of reporter Colin Harper’s “Living on Bitcoin” experience in San Francisco. Find out what happened to him earlier on Day 1 , on Day 2 , on Day 3 and on Day 4.I woke up in a millionaire’s bed today, something I never thought I’d say because I ain’t gonna make a million bucks, and I always doubted I could’ve finagled my way into the bed of someone who had.Jeremy’s room is your prototypical festival bro living space: Bob Marley poster in one corner, jam band festival posters for Camp Bisco and Gathering of the Vibes (among other music festivals) tacked above a 50-inch, Toshiba plasma screen, which was leaning against the wall and propped up on the box it came in. A tangled cluster of conference passes (many speaker or VIP) hung from a…

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Crypto Exchange CEO Sentenced to 3-Year Jail Term for Faking Trading Volume

Crypto Exchange CEO Sentenced to 3-Year Jail Term for Faking Trading Volume
Source: Coindesk.com

Two executives from South Korean crypto exchange Komid have been handed down jail time for faking trading volume and deceiving investors. According to a report from CoinDesk Korea, the firm’s CEO Hyunsuk Choi received a three-year sentence for his role in the crime, as well as for embezzlement. Another member of the team, Park Mo, got two years, according to local news source Blockinpress. Choi, the court found, made a number of fake accounts on the exchange in January 2018, and, using a trading bot, made millions of false transactions with cryptocurrency and Korean won credit that did not actually exist. The court – presided over by South Korea’s top judge Ahn Seong-joon – also ruled that Choi had transferred bitcoin from the exchange to an external wallet, said CoinDesk Korea. According to Blockinpress, which added that the crime brought…

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‘Big Bitcoin Heist’ Ringleader Jailed for Massive Crypto Mining Rig Theft

‘Big Bitcoin Heist’ Ringleader Jailed for Massive Crypto Mining Rig Theft
Source: Dailysatoshi.com

By CCN.com: Suspects in the “Big Bitcoin Heist” of 2018 have been sentenced to various prison terms based on their level of involvement in the much-publicised theft of more than three-quarters of a million dollars worth of crypto mining equipment. Crypto Mining Thieves Jailed in Iceland Ringleader Sindri Stefanson bagged the longest sentence with a The post ‘Big Bitcoin Heist’ Ringleader Jailed for Massive Crypto Mining Rig Theft appeared first on CCN The post ‘Big Bitcoin Heist’ Ringleader Jailed for Massive Crypto Mining Rig Theft appeared first on Your Daily Satoshi.

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