Rememberful Bitcoin News.
Digital currency exchange Coinbase has acquired Earn.com and appointed the company’s CEO as its Chief Technology Officer. #NEWS
Digital currency exchange Coinbase has acquired Earn.com and appointed the company’s CEO as its Chief Technology Officer. #NEWS
Cryptocurrency investors appear to be skirting their taxes. Whether keeping with crypto’s anti-establishment roots or for lack of ability, American cryptocurrency practitioners are testing the IRS’s tolerance for…
Cryptocurrency investors appear to be skirting their taxes. Whether keeping with crypto’s anti-establishment roots or for lack of ability, American cryptocurrency practitioners are testing the IRS’s tolerance for crypto tax evasion.
Tax day in the United States is tomorrow, April 17, 2018, but according to the popular tax filing service Credit Karma, few cryptocurrency holders have reported earnings or losses on their 2017 tax documents. Out of the company’s 250,000 new filings, under 100 have disclosed capital gains from cryptocurrency investments, figures that are in line with the company’s former reports on cryptocurrency tax documentation.
Certainly, Credit Karma’s user base does not constitute the whole of America’s crypto investor populace. But it could reflect the demographic’s general resistance to paying taxes on their investments, and this could have something to do with the IRS’s policy.
In 2014, the IRS released an official notice regarding its cryptocurrency tax policy. First and foremost, the IRS treats virtual currencies as property, subjecting them to the same capital gains taxes that affect traditional investments like stocks, bonds and real estate. These taxes are applicable to anyone who has received payment for goods and/or services in crypto (as part of a salary, for instance), as well as miners, who must account for gains as part of their income.
The tax code appears straightforward enough, but uncertainty remains. Given that the IRS treats any trade as a taxable event and the onus of reporting rests on the investor, reporting on cryptocurrency investments can seem confusing and convoluted to those untrained in accounting and finance.
“Even with the tax deadline rapidly approaching in the U.S., we’re still seeing lots of people unsure about the proper way to prepare cryptocurrency taxes. Properly accounting for crypto-to-crypto trades, trading on multiple exchanges, and purchases made with cryptocurrency can be an overwhelming task,” Chris Kovalik, founder of Cointaxes, told Bitcoin Magazine.
Kovalik finds that the IRS’s policy places “the burden … on the taxpayer to follow and account for the government’s guidance when filing taxes.” Unlike other tax codes that offer standards and historical precedent, crypto investors have no touchstone for guidance.
According to the Los Angeles Times, the IRS has suggested that taxpayers review “factual scenarios that most closely resemble their circumstances” to seek such guidance, something David Klasing, a tax and accountant lawyer, told the Times amounts to “basically just telling practitioners to take a wild-ass guess.”
And this guess could look to answer questions that stem from a variety of scenarios. Along with crypto-to-crypto trades, “[many] people may simply not know that the IRS has stated that spending crypto is a taxable event, akin to a barter transaction,” Jon Brose, an attorney for Seward & Kissel’s Blockchain and Cryptocurrency Group, told Bitcoin Magazine. This means that day-to-day purchases with bitcoin and other currencies are subject to capital gains taxes.
As the market matures, there are gray areas still. For example, the advent of airdrops and hard forks for cryptocurrency dispersal means investors will likely have to wrestle with reporting these earnings in their income, as well.
As we look down the barrel of America’s first cryptocurrency tax season, early adopters and veteran enthusiasts will likely bear the taxman’s heaviest brunt, as they likely have years of previously unreported gains to follow up on. Depending on the size of their stash, these individuals could be some of the 13,000 users Coinbase was legally obligated to report to the IRS back in February.
These account records are likely to belong to those who have realized great profits from their original investments, not your run-of-the-mill investor. Brose believes that the average investor probably doesn’t think to report gains since “the practical problem of tracking which cryptos you have spent or sold” becomes too much of a hassle for reporting a modest portfolio. He also finds that “individuals that are spending crypto frequently on relatively small items may think that it doesn’t make a lot of sense to declare a taxable event every time they buy a cup of coffee.”
Given that formal guidance is nebulous and the IRS’s ability to enforce their policy is yet to be seen, cryptocurrency investors may be inclined to take calculated risks that have become commonplace in such a volatile market.
But if the IRS wants investors to work with them in the future, things will have to change, Brose argues.
“To ensure greater compliance, the IRS ought to make rules for cryptocurrencies that conform to the way crypto actually works and is used, so that taxpayers can accurately compute their tax liabilities arising from crypto transactions.”
Until that time, investors must either navigate their filing themselves, seek help from an accountant or taxation service, or hope their portfolios will fly under the IRS’s radar.
This article originally appeared on Bitcoin Magazine.
A person with knowledge of the situation said all major banks are likely to be weighing the same decision.
A person with knowledge of the situation said all major banks are likely to be weighing the same decision.
CointelegraphBitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano …CointelegraphThe current situation on the crypto markets is uncertain, with several analysts predicting significant growth towards the end of the year.Bitcoin [BTC], ca…
Cointelegraph | Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano ... Cointelegraph The current situation on the crypto markets is uncertain, with several analysts predicting significant growth towards the end of the year. Bitcoin [BTC], can it live up to the expectations? – Sentiment Analysis – April 16 Crypto update: Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) sink lower |
Despite moving up one spot, IOTA and the general altcoins market is sluggish. In fact, most coins are shedding and retracing. In my view, waiting until proper signals prints in NEO, Litecoin, Stellar Lumens, EOS and IOTA is prudent as our altcoins technical analysis shows. Let’s have a look at these charts: XLM/USD (Stellar Lumens)…
The post NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 17, 2018 appeared first on NewsBTC.
Despite moving up one spot, IOTA and the general altcoins market is sluggish. In fact, most coins are shedding and retracing. In my view, waiting until proper signals prints in NEO, Litecoin, Stellar Lumens, EOS and IOTA is prudent as our altcoins technical analysis shows.
Let’s have a look at these charts:
Even though Stellar Lumens is generally up, the coin is giving back some of its earlier gains. In the last 24 hours alone, the coin is down 3.75 percent and technically, we expect further declines.
In our entry chart for example, there is a small bearish divergence pattern and with bearish stochastics turning from deep the overbought territory, bears are likely to ramp up especially if there is a breach below $0.28. Remember, this level is a minor but key support line-the middle BB.
From our Stellar Lumens analysis, our first point of support lies at March highs at $0.24 and if a stochastic buy signal prints at that level, we anticipate buyers to test $0.5 in the short to medium term.
After breaching the $1.5 mark, IOTA is up one spot up the liquidity table with a market cap of $1.58B despite losing 5 percent in the last 24 hours. That’s not a worry though because from the development and human resource point, things are moving in the right direction.
Yesterday, IOTA announced that Eric Hop will be joining the IOTA foundation. That’s not all, there is news that they blockless platform shall be working with DXCT technology on a joint project to automate order processing.
Welcome Eric Hop to the IOTA Foundationhttps://t.co/lFftbn8RnB#IOTA
— IOTA (@iotatoken) April 16, 2018
To cap this up, IOTA’s new website is now up and running.
IOTA's new website is live!https://t.co/ONBzK0REFg#IOTA
— IOTA (@iotatoken) April 15, 2018
From price action, our conservative buy triggers lies at $1.5. At current prices, those positions are live and it should remain so. Those looking for entries should remain patient and wait for a stochastic sell signal to print or prices to surge past April 16 highs of $1.7.
Considering price action and our IOTA technical analysis projection, chances of the latter happening is high and in that case, we should gear up and target $3 with suitable stops at $1.6.
With more than 159K EOS holders, an efficient system and growing support in Europe and Asia, it’s hard to deny bullish potential of this token. We can see this popularity in Asia and yesterday, India’s largest cryptocurrency exchange ZebPay now avails EOS pairs for their 3M users.
Introducing EOS on Zebpay! Wallets are now open, trading begins tomorrow. https://t.co/Mhy6EZdBU2 pic.twitter.com/BLfZBmyF1J
— zebpay (@zebpay) April 16, 2018
As a platform, several DApps as ONO and WAX shall leverage EOSIO blockchain to run their businesses. Of course, this is bullish for the coin. Anyhow, as Block One CEO said, more projects are on the pipeline come June 2018.
https://twitter.com/eos_italy/status/985950734201081856?s=21
When it comes to price action, I shall retain a short term bear skew unless there is a surge and close above April 13 highs of $9.5. Otherwise, according to our previous EOS technical analysis, I shall only recommend long entries when there is a stochastic buy signal preferably at around $7 to $7.5. In the meantime, staying off this trade until price action meets either condition is what I will suggest.
The Litecoin Foundation and Charlie Lee are busy popularizing the coin and while yesterday’s prices were sluggish, Litecoin is bullish.
We remain upbeat for Litecoin and expect more now that more exchanges are availing Litecoin for exchange. CoinOne for example is now open in Indonesia and Litecoin is available for trading. Other companies are considering Litecoin for settlement. TenX is one of them.
Hi, ayo ikutan!
Coinone Indonesia sudah mulai Pre-Registration
Untuk 10,000 orang beruntung yg mendaftar di Pre-Registrasi akan mendapatkan Kupon Gratis Fee 0.00% & Qtum Airdrop
Visit: https://t.co/3eKIIxqk1a#preregistration #coinone #bitcoin #cryptocurrency #blockchain pic.twitter.com/w1iKMYne4i— Coinone Indonesia (@CoinoneID) April 16, 2018
Most notably, TenX business is interesting because not only can payments be made using Litecoin but their partnership with Visa allows it to be used anywhere where Visa is accepted.
Some #TenX updates regarding @LTCFoundation and @BlockfolioApp https://t.co/DfCptzqCnn
— TenX (@tenxwallet) April 11, 2018
Now, whether Litecoin buyers will maintain prices above $120 or not depends on price action. Personally, I do think taking longs in lower time frames shall increase odds of turning in a profit in the short term.
After all, if we borrow insights from our previous Litecoin technical analysis, we expect prices to react at around $120. Should a stochastic buy signal print at this level, then taking longs with stops at $115 should make sense. Keep in mind that we are trading a break out pattern clear in the daily chart.
Nothing much from fundamentals. However, when it comes to price I do think we should hold on to our horses. It can be bumpy today. From yesterday’s NEO technical analysis, we were anticipating sellers to increase their position and drive prices back to $60 or there about. That seems to be happening
The post NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 17, 2018 appeared first on NewsBTC.
Ether is the underlying token powering the Ethereum blockchain, but it serves a slightly different purpose than bitcoin does to the Bitcoin blockchain. Although ether is traded on public markets and has displayed…
Ether is the underlying token powering the Ethereum blockchain, but it serves a slightly different purpose than bitcoin does to the Bitcoin blockchain. Although ether is traded on public markets and has displayed price appreciation similar to bitcoin, they are quite different by design. Ether is not intended to be a unit of currency on a peer-to-peer payment network; rather, it acts as the “fuel” or “gas” that powers the Ethereum network.
At the highest level, Ethereum is an open-source platform that runs smart contracts. When smart contracts are run on a blockchain, they become self-executing when certain conditions are met. The execution of smart contracts requires computational resources that must be paid for in some way: this is where ether comes in.
Ether is the crypto-fuel allowing smart contracts to run. It provides the incentive for nodes to validate blocks on the Ethereum blockchain, which contains the smart contract code. Every time a block is validated, 5 ethers are created and awarded to the successful node. A new block is propagated roughly every 15–17 seconds. Some nodes may find the correct solution to a block without having it included in the network. The Ethereum network rewards these nodes with 2–3 ethers.
Individuals interacting with decentralized applications on the Ethereum platform will have to pay the network in ether for the use. Developers are incentivized to create these decentralized applications because they will be paid in ether for their work. Developers are also incentivized to write quality applications because wasteful applications will be more expensive and likely will not be used as frequently as better alternatives.
Using this information, the narrative around ether becomes more clear. Its final use will most likely be abstracted by basic button clicking, but assuming Ethereum becomes widely used, ether will be rapidly moving between users and miners. Its value is directly tied to the use of the Ethereum blockchain.
The total supply of ether is not capped like the total supply of bitcoin. 60 million ether were created during the initial crowdsale, 12 million of which went to early backers and the Ethereum Foundation. Most of the money raised will be used to fund future development initiatives.
Ether’s issuance model is unique in that it does not emphasize deflation like most other popular cryptographic assets. Initially, issuance of ether was capped at 18 million per year, which is 25 percent of the initial supply raised in the crowdsale. But more recently, Vitalik Buterin said that issuance levels will be contingent on security rather than a predetermined schedule. Although this rate is fixed each year, the monetary inflation rate actually decreases every year, making ether a disinflationary currency. Disinflation occurs when the rate of inflation shrinks over time.
Ether is expected to be lost each year because some users may forget their private keys, some may pass away without transmitting their private keys, and some may send ether to an address without a corresponding private key. As the network grows, it is expected that the annual rate of ether lost will equal the annual issuance rate. The hope is that ether will be deflationary in 2140, around the same time that Bitcoin ceases issuing new coins. For an in-depth analysis of Ethereum’s issuance model, read Joseph Lubin’s piece.
These calculations are not set in stone. Ethereum is expected to switch its consensus algorithm from proof of work to proof of stake, which in theory is supposed to be more efficient and require a smaller mining reward. This change has produced some uncertainty within the ecosystem. The Ethereum Foundation is currently researching potential monetary effects and claims that all changes to the network will be handled by smart contracts, as opposed to individuals who may have ulterior motives.
This article originally appeared on Bitcoin Magazine.
Texas capital city Austin is piloting a blockchain platform that attempts to address the problem of identity management for its homeless population. The pilot program plans to address issues such as unemployment, lack of medical services and government financial support for the city’s 2,000 homeless, who often can’t access these essentials due to proof of identity issues. A …
The post Blockchain Helps the Homeless in Texas Capital appeared first on BitcoinNews.com.
Texas capital city Austin is piloting a blockchain platform that attempts to address the problem of identity management for its homeless population.
The pilot program plans to address issues such as unemployment, lack of medical services and government financial support for the city’s 2,000 homeless, who often can’t access these essentials due to proof of identity issues. A census taken earlier this year shows that several thousand more of the population are at various stages of transition, which could well equate to 7,000 homeless.
The project is financed through the Mayors Challenge Program sponsored by the charity Bloomberg Philanthropies. Austin was one of 35 cities across the US to be awarded pilot grants, and the top city from that group will ultimately be awarded USD 5 million for making the most significant social impact.
The main purpose of the project is to ensure that homeless citizens’ identities and personal records are securely stored, while at the same time permitting facilitators to access the information.
The city’s chief innovation officer, Kerry O’Connor argues that the needs of the homeless often don’t gel with the facilities they interact with, which is the problem that the program wants to address.
“People who are experiencing homelessness have their own needs, they don’t really care about our needs,” said O’Connor, who pointed out that these things might be “access to a birth certificate, or a social security number, or a rental history”.
O’Connor argues that a blockchain-backed ID system will allow those in need to easily obtain the services they need to get back on their feet. The program will allow homeless service providers to verify information using cell phones and also facilitate the storage of medical records of the city’s homeless population, allowing medical professionals access to relevant patient history.
Austin’s recent rapid economic growth has attracted professionals from hubs like San Francisco. The cost to the city has been a rise in house prices which has increased the homeless rate.
There are currently other US cities experimenting with blockchain programs to improve social conditions for its citizen, such as Berkeley California and Lafayette, Louisiana, which both have programs either in operation or scheduled for implementation.
The post Blockchain Helps the Homeless in Texas Capital appeared first on BitcoinNews.com.
Yale professor of economics Robert Shiller has changed his tune when it comes to the longevity of Bitcoin. Shiller Starting to Come Around on Bitcoin The noble prize winning economist has been a mainstay on programs like CNBC’s Trading Nation where he has taken a harsh stance on the future of Bitcoin many times in the…
The post Economist Robert Shiller Says Bitcoin Bubble May Never Burst appeared first on NewsBTC.
Yale professor of economics Robert Shiller has changed his tune when it comes to the longevity of Bitcoin.
The noble prize winning economist has been a mainstay on programs like CNBC’s Trading Nation where he has taken a harsh stance on the future of Bitcoin many times in the past. Shiller has called the cryptocurrency a fad and compared it to pyramid schemes using the cliched comparison of the tulip bulb buy up and collapse of 1637 to illustrate his point.
In the past, he has expressed his view that Bitcoin (as a representative for all cryptocurrencies) is a bubble that attracts investors because it is a good story. During a 2017 debate with crypto expert Brian Kelley on CNBC he said “It’s the quality of the story that’s attracting all this interest, and it’s not necessarily sustainable… what’s driving the market? It’s not fundamentals. It’s not like this is a fundamentally important thing, this Bitcoin.”
Recently though he has changed his stance or at least his conclusion. Speaking with CNBC again he still talked about Bitcoin being a fad but went beyond qualifying that with his former explanation that it’s “glamorous” by explaining that part of its appeal comes from its decentralized nature. “They (investors) like the idea that this didn’t come from the government. It came from some real smart computer scientist. They like that. It’s a great story for today’s markets.”
He went on to say that though he maintains cryptocurrencies are a bubble he now concedes he may have been overzealous about its shortcomings in the past. Saying on Trading Nation
“I’m interested in bitcoin as a sort of bubble. It doesn’t mean that it will disappear, that it’ll burst forever. It may be with us for a while,”
Shiller continued in the same interview to say “I don’t mean to dismiss it. Some smart people went into these and other cryptocurrencies,” which is a long way from past statements that he has made dismissing it in no uncertain terms.
The prestigious economist doesn’t single out bitcoin and cryptocurrency for criticism as he has also talked at length in interviews about gold and precious metals being bubbles that are highly overvalued compared to their inherent usefulness in manufacturing. Comparing the two he has said that Bitcoin like gold may become just another vehicle to store value without bothering to explain how that differs from stocks and securities.
Throughout his many interviews Shiller has always maintained an interest in the blockchain technology that powers bitcoin and now it seems as though he may be coming around to see the usefulness and longevity of a decentralized, digital currency as well.
Image Courtesy of Shutterstock
The post Economist Robert Shiller Says Bitcoin Bubble May Never Burst appeared first on NewsBTC.
Global insurance company Marsh is piloting a proof of insurance platform on a blockchain with IBM’s help.
Global insurance company Marsh is piloting a proof of insurance platform on a blockchain with IBM’s help.
The name of our start-up is MONETO, and it really makes sense as our core goal is to provide crypto lending. Namely, it is BTC that secures credit provision, in our case. You, the one reading this piece, could be anyone ranging from an ordinary user, advocating for partly storing funds in crypto, to a seasoned trader, retail investor or even a hedge fund pro. We are sure that any crypto-pool owner would find our service particularly interesting, too. Let us get straight to the point now. We are a decentralized platform powered by Blockchain. You already know our name
The name of our start-up is MONETO, and it really makes sense as our core goal is to provide crypto lending. Namely, it is BTC that secures credit provision, in our case.
You, the one reading this piece, could be anyone ranging from an ordinary user, advocating for partly storing funds in crypto, to a seasoned trader, retail investor or even a hedge fund pro. We are sure that any crypto-pool owner would find our service particularly interesting, too.
Let us get straight to the point now.
We are a decentralized platform powered by Blockchain. You already know our name so nice to meet you. We have issued our utility tokens – the namesake of the service itself. Alternatively, they are called MTOs.
We in MONETO contend that our platform is destined to bring you upscale crediting service killing three birds with one stone. Oh yes, that is possible.
First and foremost, on having registered in the system, you effortlessly get fiat currency for a specified period.
Secondly, once your credit period is over, the only thing you have to do is to pay off your debt in BTC with just a small surcharge (excluding GAS).
The third advantage here – a natural cherry on the cake – is our approval of all crediting applications, without exception. You add to that no need to queue for hours to get that long-awaited ‘yes’ – and MONETO will become quite a clear choice for you.
One should note that, despite using the most popular cryptocurrency as collateral for crediting, we in MONETO extend loans in fiat money.
There exist several features of our Blockchain-based crediting service you should familiarize yourself with:
All the guarantees mentioned above that we produce secure results for our potential investors.
We are happy to announce that MONETO’s pre-ICO is launched on April 17! It will be going on for 30 days and will end on 17 May 2018. However, we strongly advise you should hurry as an early bird gets it all. Or, to be more specific, you can get your maximum MONETO discount – which is no less than 35% – during the first week of out token pre-sale.
So there is not a single moment to lose. MONETO is waiting for you to join in, live long and prosper!
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
Cryptocurrency exchange Coinbase is buying Earn.com, a social network that allows users to earn digital currency by replying to emails and completing small tasks online.Coinbase CEO Brian Armstrong made the annou…
Cryptocurrency exchange Coinbase is buying Earn.com, a social network that allows users to earn digital currency by replying to emails and completing small tasks online.
Coinbase CEO Brian Armstrong made the announcement in a blog post today, April 16, 2018. In addition to welcoming the entire Earn.com team, Coinbase has made Earn.com co-founder and CEO Balaji Srinivasan its first CTO. Both companies are located in the Bay Area.
This is Coinbase’s fifth acquisition so far and its most substantial to date. Only last week, the exchange purchased decentralized app browser and Ethereum wallet Cipher Browser. Coinbase has not revealed how much it paid for Earn.com, but to offer an idea of the company’s evaluation, Earn.com has raised more than $120 million in a series of funding rounds.
Earn.com began life as 21 Inc, a startup best known for creating the 21 Bitcoin Computer, essentially, a Raspberry Pi connected to a bitcoin-mining ASIC, with the idea of building bitcoin miners into devices people already use. The computer first began shipping in November 2015.
In October 2017, 21 Inc rebranded itself as Earn.com and notified customers it was ending support for its Bitcoin Computer to focus on allowing users to monetize their email and social media channels instead.
Currently, Earn.com pays users in bitcoin, but the company has also developed its own Ethereum-based ERC20 token, dubbed the “Earnable Token,” so that when people complete tasks in Earn.com, they can earn rewards in tokens. The company stated before, there will be no initial coin offering. Users earn tokens for simply signing up on the platform.
Coinbase does not support ERC20 tokens yet, but last month, the exchange announced plans to add support for ERC20 technical standards to all its trading platforms. Earlier this month, Coinbase also entered into talks with the U.S. Securities and Exchange Commission to become an alternative trading system (ATS), which would enable it to trade security tokens.
Aside from all that, Coinbase acquired Earn.com for its talent. Srinivasan himself comes with an impressive skill set. Prior to serving as the CEO at Earn.com, he was general partner at venture capital firm Andreessen Horowitz, where he still sits on the board. He has a B.S., M.S., and Ph.D. in electrical engineering and an M.S. in chemical engineering at Stanford University.
In a blog post, Srinivasan details how he took over the gasping 21 Inc in May 2015 and turned it around from a company that was more than $80 million under water to what it is today, “a fast-growing, cash-flow positive business with a multimillion dollar revenue run rate,” he said.
The plan is to take Earn.com and “scale it up across Coinbase’s massive user base,” Srinivasan said. Although the new Coinbase CTO was equally tight-lipped on how much Coinbase paid for Earn.com, he added, “And with this deal, the total value of cash, cryptocurrency and equity returned to our shareholders is now in excess of the capital invested in the company.”
This article originally appeared on Bitcoin Magazine.
Well-known crypto advisor and investor reports a $2 mln hack during a live stream, Twitter and Reddit users take it upon themselves to investigate the claim. #NEWS
Well-known crypto advisor and investor reports a $2 mln hack during a live stream, Twitter and Reddit users take it upon themselves to investigate the claim. #NEWS
Bitcoin Press Release: Ancora, the Italian manufacturer of high-end exclusive writing accessories, has launched its Cryptocurrency Pen series – the world’s first pens inspired by the top blockchain platforms of today. 11th April 2018, Milan, Italy – The pens manufactured under this brand are distributed along the lines of the Token Sale model, just like …
The post PR: Italian Luxury Pen Manufacturers Ancora 1919 Launch Cryptocurrency Pen Series appeared first on BitcoinNews.com.
Bitcoin Press Release: Ancora, the Italian manufacturer of high-end exclusive writing accessories, has launched its Cryptocurrency Pen series – the world’s first pens inspired by the top blockchain platforms of today.
11th April 2018, Milan, Italy – The pens manufactured under this brand are distributed along the lines of the Token Sale model, just like the coins and tokens of the cryptocurrencies they represent. This distribution model allows for unique advantages for early bird investors, which was successfully demonstrated by the Bitcoin Pen released by the company late last year. Based on a client vote conducted during the rollout of the Bitcoin Pen, Ancora now presents its next limited edition – the Ethereum Pen.
From April 8th to May 8th,the Ethereum Pen goes on pre-production sale. Early bird investors on this stage receive a 50% discount as compared to the market price, as well as receiving an opportunity to select a lucky number: only 88 fountain pens and 888 rollerball pens will be manufactured, and the unique number will be engraved on the pen. All numbers will be available on a “first come – first served” basis. The nib of the Ethereum Pen will be made of 18K gold. The production stage will see the pens offered at a 40% discount, and will take place from May 12th to May 27th. Retail sales will begin in July, and production of the Ethereum Pen will cease – each owner will become the owner of a truly unique writing accessory.
About Ancora
Ancora offers a wide variety of pens manufactured using incredibly unique materials, such as Michelangelo’s marble, grey stones from Piza, igneous rock from the Vesuvius and even parts of the wooden décor from the Titanic. The fine detailing work is done manually, and the body is decorated by artists using miniature painting techniques which is then varnished several times. The workshop is located in the birthplace of Giuseppe Zanini, the founder of Ancora.
The pens include a modern, easy-to-use filling system, which minimizes the chances of spilling, as attested by the owners of the Bitcoin Pen along with other qualities such as exceptionally smooth writing experience. Ancora has been well known for its faithful adherence to tradition in production of unique writing accessories for a hundred years, and will continue to bring outstanding product to their clientele for the years to come.
For more Information please Visit the Website: https://www.eth-pen.com
Chat on Telegram: https://t.me/moneypens
Media Contact
Contact Name: Matvey Brilling
Contact Email: [email protected]
Ancora is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.
This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
The post PR: Italian Luxury Pen Manufacturers Ancora 1919 Launch Cryptocurrency Pen Series appeared first on BitcoinNews.com.
The crypto markets are experiencing some uncertainty amidst bullish predictions by analysts. #MARKET_ANALYSIS
The crypto markets are experiencing some uncertainty amidst bullish predictions by analysts. #MARKET_ANALYSIS
Victims of the $3 million theft at bitcoin exchange Coinsecure will receive a refund on their stolen funds, but it may not be in BTC.
Victims of the $3 million theft at bitcoin exchange Coinsecure will receive a refund on their stolen funds, but it may not be in BTC.
