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China’s Fosun invests in local version of bitcoin tech blockchain – Reuters


Reuters

China’s Fosun invests in local version of bitcoin tech blockchain
Reuters
BEIJING (Reuters) – Chinese conglomerate Fosun Group has made a foray into blockchain with an investment in the Shanghai startup behind Onchain, a local version of the much-hyped technology that underpins virtual currencies such as bitcoin. Fosun is …

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Reuters

China's Fosun invests in local version of bitcoin tech blockchain
Reuters
BEIJING (Reuters) - Chinese conglomerate Fosun Group has made a foray into blockchain with an investment in the Shanghai startup behind Onchain, a local version of the much-hyped technology that underpins virtual currencies such as bitcoin. Fosun is ...

and more »

What’s In A Name? BMCHAIN Begins Monetizing Its Users’ Reputation

The rapid maturation of the Blockchain market in 2017 is a result of a key desire to create value. Aiming to get value by monetizing the capabilities of anyone in the international community is BMCHAIN, a Blockchain-powered multifaceted platform which turns human capabilities into cash. Every component of the Blockchain ecosystem knows that there is … Continue reading What’s In A Name? BMCHAIN Begins Monetizing Its Users’ Reputation

The post What’s In A Name? BMCHAIN Begins Monetizing Its Users’ Reputation appeared first on NEWSBTC.

The rapid maturation of the Blockchain market in 2017 is a result of a key desire to create value. Aiming to get value by monetizing the capabilities of anyone in the international community is BMCHAIN, a Blockchain-powered multifaceted platform which turns human capabilities into cash. Every component of the Blockchain ecosystem knows that there is … Continue reading What’s In A Name? BMCHAIN Begins Monetizing Its Users’ Reputation

The post What’s In A Name? BMCHAIN Begins Monetizing Its Users’ Reputation appeared first on NEWSBTC.

Linda Cryptocoin Launched with a Promise of Better ROI

A Dogecoin-like Scrypt cryptocoin has been announced with a promise of better return on investment. Linda, a sweetly and beautifully titled cryptocurrency, proposes to offer over 70% of pure PoS block reward phase and 99% APR, which is favorable for investment. The bullish aspects attached to Linda is huge, for the coin has attractive features. … Continue reading Linda Cryptocoin Launched with a Promise of Better ROI

The post Linda Cryptocoin Launched with a Promise of Better ROI appeared first on NEWSBTC.

A Dogecoin-like Scrypt cryptocoin has been announced with a promise of better return on investment. Linda, a sweetly and beautifully titled cryptocurrency, proposes to offer over 70% of pure PoS block reward phase and 99% APR, which is favorable for investment. The bullish aspects attached to Linda is huge, for the coin has attractive features. … Continue reading Linda Cryptocoin Launched with a Promise of Better ROI

The post Linda Cryptocoin Launched with a Promise of Better ROI appeared first on NEWSBTC.

Bitcoin Cash Price Technical Analysis – BCH/USD Back Bullish?

Key Points Bitcoin cash price after trading as low as $533 against the US Dollar found support and traded higher. Yesterday’s highlighted crucial descending channel pattern with resistance near $625 on the hourly chart of BCH/USD (data feed from Kraken) was broken. The price is now following a bullish path and could trade above $720 … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Back Bullish?

The post Bitcoin Cash Price Technical Analysis – BCH/USD Back Bullish? appeared first on NEWSBTC.

Key Points Bitcoin cash price after trading as low as $533 against the US Dollar found support and traded higher. Yesterday’s highlighted crucial descending channel pattern with resistance near $625 on the hourly chart of BCH/USD (data feed from Kraken) was broken. The price is now following a bullish path and could trade above $720 … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Back Bullish?

The post Bitcoin Cash Price Technical Analysis – BCH/USD Back Bullish? appeared first on NEWSBTC.

Bitcoin Price Technical Analysis for 08/23/2017 – Are More Bears Waiting Here?

Bitcoin price is in correction mode after the latest drop and sellers might be ready to hop back in from here.

The post Bitcoin Price Technical Analysis for 08/23/2017 – Are More Bears Waiting Here? appeared first on NEWSBTC.

Bitcoin price is in correction mode after the latest drop and sellers might be ready to hop back in from here.

The post Bitcoin Price Technical Analysis for 08/23/2017 – Are More Bears Waiting Here? appeared first on NEWSBTC.

25-Year-Old Bitcoin Millionaire Travels the World, Becomes Bitcoin Booster – CoinTelegraph

CoinTelegraph25-Year-Old Bitcoin Millionaire Travels the World, Becomes Bitcoin BoosterCoinTelegraphIn an interview with Business Insider, Jeremy Gardner revealed that it all started in 2013 when a friend offered him Bitcoin in exchange for cash. Since…


CoinTelegraph

25-Year-Old Bitcoin Millionaire Travels the World, Becomes Bitcoin Booster
CoinTelegraph
In an interview with Business Insider, Jeremy Gardner revealed that it all started in 2013 when a friend offered him Bitcoin in exchange for cash. Since he was curious about the controversy surrounding the Silk Road marketplace, he bought Bitcoin.

Japan Financial Services Agency Claims that 50 Bitcoin Exchanges Filed for License – CoinTelegraph

CoinTelegraphJapan Financial Services Agency Claims that 50 Bitcoin Exchanges Filed for LicenseCoinTelegraphThe Japanese Financial Services Agency (FSA) has announced that it received registration applications from 50 Bitcoin exchanges as of August 201…


CoinTelegraph

Japan Financial Services Agency Claims that 50 Bitcoin Exchanges Filed for License
CoinTelegraph
The Japanese Financial Services Agency (FSA) has announced that it received registration applications from 50 Bitcoin exchanges as of August 2017. The applications are being reviewed for compliance. A report by the local newspaper Sankei Shimbun ...

Ethereum Profits From Early November Fork FUD

As fear of another upcoming fork starts to affect the price of Bitcoin, its close competitor is profiting, up 10 percent.

As fear of another upcoming fork starts to affect the price of Bitcoin, its close competitor is profiting, up 10 percent.

Russian Real Estate Firm Experiments With Selling a Luxury Mansion for Bitcoin – Bitcoin Magazine


Bitcoin Magazine

Russian Real Estate Firm Experiments With Selling a Luxury Mansion for Bitcoin
Bitcoin Magazine
She pointed out that Russian legislation has not yet defined the rules for working with bitcoins, and so far there is no legal definition of the cryptocurrency. Also, as there is no regulatory or legal framework governing the sale, the agency’s service

and more »


Bitcoin Magazine

Russian Real Estate Firm Experiments With Selling a Luxury Mansion for Bitcoin
Bitcoin Magazine
She pointed out that Russian legislation has not yet defined the rules for working with bitcoins, and so far there is no legal definition of the cryptocurrency. Also, as there is no regulatory or legal framework governing the sale, the agency's service ...

and more »

Russian Real Estate Firm Experiments With Selling a Luxury Mansion for Bitcoin

Russian house for sale in crypto

The Russian real estate firm Kalinka Group has announced that once of its clients is selling his luxurious home for bitcoins. The 4200 square foot country mansion is located in the village of Nikolino, situated in a fashionable neighborhood off the Rublevo-Upenskoe highway. According to the Kalinka Group, this is the first time in the history of the Russian real estate market that a client has offered to sell a property for cryptocurrencies.

“Such transactions are still a novelty, even for world real estate markets,” Ekaterina Rumyantseva, the chairman of the board of Kalinka Group, said in a statement. “We are pleased to be pioneers and open new frontiers in business.”

She pointed out that Russian legislation has not yet defined the rules for working with bitcoins, and so far there is no legal definition of the cryptocurrency. Also, as there is no regulatory or legal framework governing the sale, the agency’s service fees will still be paid in the national currency, rather than in bitcoin.

The legal department of the Kalinka Group is currently investigating whether the sale of a property for cryptocurrencies is legal, according to the laws of Russia.

The real estate firm cited China and Switzerland as examples of countries that consider bitcoin to be a tangible asset, which means a transaction is possible under the “barter agreement.”

However, if cryptocurrencies are considered cash in Russia, according to the law on foreign exchange operations, a transaction in BTC would be impossible since the only currency permitted in the sale of Russian real estate is the Russian ruble.

Kalinka Group recognized that volatility is another issue to consider when property sales are listed and transacted in cryptocurrencies. The real estate company acknowledged that bitcoin is much more volatile compared to other currencies, thus, exchanging the payment into rubles can “significantly change the value of the object.”

“The sale of the house in Nikolino will probably become a precedent in the legal practice and real estate market. We [will] carefully study the world experience of conducting such transactions and understand that cryptocurrencies should be described at the legislative level in the shortest possible time because this innovative method of settlement is already able to affect the money turnover in business,” Rumyantseva said.

Kalinka Group added that since bitcoin is volatile, the exact value of the designer-furnished mansion — which has an open-air jacuzzi and a movie theater along with many other luxurious features — will have to be determined at the moment of the sale. At the time of the announcement, the house was listed for 3000 BTC.

The post Russian Real Estate Firm Experiments With Selling a Luxury Mansion for Bitcoin appeared first on Bitcoin Magazine.

Russian house for sale in crypto

The Russian real estate firm Kalinka Group has announced that once of its clients is selling his luxurious home for bitcoins. The 4200 square foot country mansion is located in the village of Nikolino, situated in a fashionable neighborhood off the Rublevo-Upenskoe highway. According to the Kalinka Group, this is the first time in the history of the Russian real estate market that a client has offered to sell a property for cryptocurrencies.

“Such transactions are still a novelty, even for world real estate markets,” Ekaterina Rumyantseva, the chairman of the board of Kalinka Group, said in a statement. “We are pleased to be pioneers and open new frontiers in business.”

She pointed out that Russian legislation has not yet defined the rules for working with bitcoins, and so far there is no legal definition of the cryptocurrency. Also, as there is no regulatory or legal framework governing the sale, the agency’s service fees will still be paid in the national currency, rather than in bitcoin.

The legal department of the Kalinka Group is currently investigating whether the sale of a property for cryptocurrencies is legal, according to the laws of Russia.

The real estate firm cited China and Switzerland as examples of countries that consider bitcoin to be a tangible asset, which means a transaction is possible under the “barter agreement.”

However, if cryptocurrencies are considered cash in Russia, according to the law on foreign exchange operations, a transaction in BTC would be impossible since the only currency permitted in the sale of Russian real estate is the Russian ruble.

Kalinka Group recognized that volatility is another issue to consider when property sales are listed and transacted in cryptocurrencies. The real estate company acknowledged that bitcoin is much more volatile compared to other currencies, thus, exchanging the payment into rubles can “significantly change the value of the object.”

“The sale of the house in Nikolino will probably become a precedent in the legal practice and real estate market. We [will] carefully study the world experience of conducting such transactions and understand that cryptocurrencies should be described at the legislative level in the shortest possible time because this innovative method of settlement is already able to affect the money turnover in business,” Rumyantseva said.

Kalinka Group added that since bitcoin is volatile, the exact value of the designer-furnished mansion — which has an open-air jacuzzi and a movie theater along with many other luxurious features — will have to be determined at the moment of the sale. At the time of the announcement, the house was listed for 3000 BTC.

The post Russian Real Estate Firm Experiments With Selling a Luxury Mansion for Bitcoin appeared first on Bitcoin Magazine.