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Billionaire investor Tim Draper suggests that total crypto market capitalization will reach $80 trillion during the next 15 years
Billionaire investor Tim Draper suggests that total crypto market capitalization will reach $80 trillion during the next 15 years
A recent survey shows that almost twice as many millennial men invest in digital currency as women
A recent survey shows that almost twice as many millennial men invest in digital currency as women
As the crypto community discussed the future of the market this week, Binance CEO Changpeng Zhao has disagreed with recent remarks by Vitalik Buterin, suggesting that the Ethereum founder’s comments about a squeeze on cryptocurrency growth are completely wrong. Buterin has denied that he made exactly those comments, Tweeting, “I never said that there is …
The post Binance CEO Predicts 1,000 Times Swell in Crypto Market appeared first on BitcoinNews.com.
As the crypto community discussed the future of the market this week, Binance CEO Changpeng Zhao has disagreed with recent remarks by Vitalik Buterin, suggesting that the Ethereum founder’s comments about a squeeze on cryptocurrency growth are completely wrong.
Buterin has denied that he made exactly those comments, Tweeting, “I never said that there is no room for growth in the crypto ecosystem. I said there is no room for 1000x price increases.” Buterin has claimed that the crypto market has practically reached its ceiling.
Further explaining that a thousand-fold growth would equal to 70% of the world’s entire wealth seems to have done little to halt Zhao’s charge that cryptocurrencies will go mainstream over time, and thereby reach exactly that level of growth and possibly more.
Zhao maintains that Buterin’s mistake is to view such a huge level of growth in terms of the traditional financial market, in which such a market expansion would be totally unrealistic. He feels that cryptocurrency is capable of making such an impact once it becomes fully operational with an accompanying derivatives market in full sway. He argues:
“I will say ‘crypto will absolutely grow 1000x and more’! Just reaching USD market cap will give it close to 1000x, (that’s just one currency with severely restricted use case), and the derivatives market is so much bigger.”
It is the case now that more central banks are on board with, or if not, certainly examining, cryptocurrencies with more than just a passing glance, and as such, the industry is gaining respect. Blockchain technology is now becoming influential in banking and business at the highest level, having gained respect from some of the world’s major players such as IBM and Microsoft. As central banks begin to delve deeper into the space, it is highly likely that smaller banks will also begin to take an active interest.
The more positive the impact that cryptocurrency makes on the financial system, the more that regulation is likely become not only clearer but more accommodating as crypto becomes the normal way to conduct business.
This is more likely to be the scenario that Binance’s head envisages in making such predictions; thinking of the big picture rather than the status quo. A USD 200 trillion market would make cryptocurrency the main source of payment and would certainly make stock markets around the world look very different. Clearly, a scenario that Zhao sees as achievable.
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Bitcoinist |
ICOs ‘In a Lot of Trouble’ if Bitcoin Stays Under $10K, Says BitPay Exec
Bitcoinist Speaking to Bloomberg in an interview that also featured regular commentator Joe Weisenthal, Sonny Singh focused heavily on Bitcoin as the cryptoasset, which had a chance of upside while remaining silent on major altcoins such as Ether (ETH) 00. Bitcoin Backed As BitPay Exec Warns On AltcoinsForbes BitPay CCO Predicts Altcoins to ‘Never Come Back,’ Bitcoin to ‘Rebound’ in 2019Cointelegraph Bitcoin Will Rebound, But Altcoins are ‘Never Coming Back’: BitPay Exec.CCN AMBCrypto –TNW –Bloomberg all 48 news articles » |
Bitcoinist |
ICOs 'In a Lot of Trouble' if Bitcoin Stays Under $10K, Says BitPay Exec
Bitcoinist Speaking to Bloomberg in an interview that also featured regular commentator Joe Weisenthal, Sonny Singh focused heavily on Bitcoin as the cryptoasset, which had a chance of upside while remaining silent on major altcoins such as Ether (ETH) 00. Bitcoin Backed As BitPay Exec Warns On Altcoins BitPay CCO Predicts Altcoins to 'Never Come Back,' Bitcoin to 'Rebound' in 2019 Bitcoin Will Rebound, But Altcoins are 'Never Coming Back': BitPay Exec. |
Can bitcoin be used for social good? If anyone thinks so, it’s Ray Youssef, the CEO of peer-to-peer bitcoin platform Paxful.A successful entrepreneur in the crypto and blockchain space, Youssef comes from humble …
Can bitcoin be used for social good? If anyone thinks so, it’s Ray Youssef, the CEO of peer-to-peer bitcoin platform Paxful.
A successful entrepreneur in the crypto and blockchain space, Youssef comes from humble beginnings and understands the importance of maintaining control over one’s finances. Marred by memories of homelessness and extreme monetary strain, Youssef’s journey to build Paxful was an arduous one.
“When my mother got divorced and lost her home that she had put so much into, I went into higher gear,” he explained in an interview with Bitcoin Magazine. “My first two startups were successful, but then I had 11 failed projects in a row. I took risks and kept taking them until my savings were gone, and I was so busy working on Paxful, trying to get it to work, that when I lost my apartment I went for walks at night and slept in a new place when my friends couldn’t bunk me.”
Youssef says things took a positive turn when he and his business partner chose to get serious about entering the crypto scene. “A fellow bitcoin enthusiast told us about how you could sell bitcoins and make a profit,” he says. That encounter made him look more closely at the world of peer-to-peer bitcoin trading.
“We didn’t know its potential back then — we just saw that it worked for us and we wanted to make it even easier for other people to do the same, whether to start a business online or just get extra rent money.”
Today, Paxful is a peer-to-peer online bitcoin platform that connects BTC purchasers with sellers. Currently, the site offers over 300 ways to purchase bitcoin including credit and debit cards, PayPal, Western Union transfers and even Amazon gift cards.
Buyers start out by finding an offer they like. They then work one-on-one with an experienced seller who guides them through the purchase process via online chat. Once everything is set, they pay the seller directly from a selected account to receive their coins.Every seller is verified to offer customers the highest level of safety, and Paxful will soon implement KYC in an effort to further protect buyers.
Once his marketplace was ready, Youssef convinced his closest friends to give it try. Things began to grow from there, but his big break came from a phone call he would receive one fortuitous morning:
“I left my personal mobile number on the website to help people directly, but no one ever called until one lady desperately in need of bitcoins called me at 4 a.m. yelling at me in pain and claiming that she was down to her last $13. I believed her, and the crying baby in the background was the icing on the cake. We had to help her. The problem was she had no bank account, and sites like Coinbase and other bitcoin brokerages had no solution for the unbanked. She had gotten the run around for two days and needed just $5 in BTC.”
Youssef was able to provide the woman with the finances she needed, and the rest is history. He says that the company truly began the day she called.
“She led us to realize that gift cards were the perfect way to onboard the unbanked to crypto,” he says. “She and all the others that followed taught us that bitcoin is the universal currency the world needs, especially the unbanked. They were the people that bitcoin was supposed to help, but no one was helping them or even trying. My co-founder and I did not sleep for a week, and we redid the entire system to make it usable for the non-techy, unbanked user.
“Now, instead of me having to be on the phone with people for an hour to walk them through buying their first bitcoin and sending it to pay for something, people are able to figure it out themselves through Paxful’s tailor-made system. No one in crypto ever took the time to build a simple onboarding market and wallet for ‘normal people,’ let alone the unbanked. We did.”
Paxful has been operating in full-form ever since, and Youssef has never looked back. As the platform onboarded more customers, Paxful has given Youssef and his team the opportunity to extend their bitcoin services to much larger causes.
Among the company’s latest projects is its building a blockchain technology hub in Lagos, Nigeria. Youssef says that bitcoin has become extremely popular in several regions of Africa and has empowered young entrepreneurs to build wealth in ways nobody could have foreseen.
Furthermore, Youssef began #BuiltwithBitcoin in late 2017, an initiative designed to boost the cryptocurrency community’s involvement in humanitarian projects. The project got its start with Youssef donating roughly $50,000 of his own money toward the construction of a new school in Rwanda. This has led to plans for a second institution. Other projects include a scholarship initiative for Afghan refugees, a Rwandan water tank project and food drives in Venezuela, which Youssef confidently states could become the first official “bitcoin nation” in the future.
Youssef describes bitcoin as a “universal currency” whose potential has barely scratched the surface. He says there are “currency wars” brewing in countries like Venezuela and Turkey, and bitcoin is the strongest weapon.
“Wealth preservation is the first use case for bitcoin,” he explains. “People in currency wars can buy bitcoin to store their value and even use it to pay bills in other countries by ‘borrowing a bank account.’ This just means they sell it to a peer on Paxful and they use their bank account to pay a bill for them to another local bank.”
He also lists commerce as one of bitcoin’s biggest factors. People can sell their goods to anywhere they can ship them. They are then paid in bitcoin, which can be converted to fiat currency. There’s also a strong case for bitcoin’s use for remittance, in which someone can send money to family members abroad without processing times and banking fees.
“The best thing about bitcoin is that it’s the core part of the #p2pfinancial revolution, and this means wealth and opportunity for entrepreneurs all over the world that didn’t even think being an entrepreneur was possible,” Youssef comments.
“They can become vendors on #p2pfinance platforms and help onboard their communities to bitcoin while earning profit at the same time. This is how you really make a day-to-day difference in people’s lives. You show the ones most ready to act a better way, and their communities grow around them. There are single mothers who first came to bitcoin in fear and desperation, and now make five figures a month selling bitcoin. This is just the start.”
Overall, Youssef is grateful for his past hardships as they taught him lessons about survival, humility and what was “vital” in life. He says it was these past experiences that showed him how to make Paxful a success and understand where his customers would be coming from, mentally and emotionally.
This article originally appeared on Bitcoin Magazine.
Bitcoin Press Release: Blockchain company Sportscasrtr has formed a strategic alliance with WNBPA, which will allow Basketball fans access to premium content from the most elite women’s professional basketball players in the world. This will be made possible with the SportsCastr’s FanChain token. September 8th, 2018, Grand Cayman – SportsCastr, the social live-streaming platform that …
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Bitcoin Press Release: Blockchain company Sportscasrtr has formed a strategic alliance with WNBPA, which will allow Basketball fans access to premium content from the most elite women’s professional basketball players in the world. This will be made possible with the SportsCastr’s FanChain token.
September 8th, 2018, Grand Cayman – SportsCastr, the social live-streaming platform that allows anyone to become a color commentator, announced today that the company has formed an official partnership with the Women’s National Basketball Players Association (WNBPA) via REP Worldwide, the WNBPA’s group licensing and player-marketing representation agency, to power live, interactive video content for fans.
Through the partnership with the WNBPA – which represents the current women’s professional basketball players in the WNBA – all current players will be invited to use SportsCastr to provide live commentary across a range of professional and college sports, share personal insights, and more. The company will also work with the WNBPA to create premium opportunities for the league players around marquee events.
Terri Jackson, Director of Operations for the WNBPA said
“Fans crave authentic interaction, and through the SportsCastr live-streaming platform, our players have another exciting way to engage fans in real-time. This innovative technology also fits our objective to build unique group licensing opportunities through REP Worldwide that bring fans and players closer.”
This past June, SportsCastr announced FanChain, a cryptocurrency developed for the multi-billion-dollar global sports market. FanChain allows SportsCastr users to earn tokens for participating on the platform, and those tokens can then be used to unlock premium player content, purchase sports tickets or merchandise, and send virtual gifts to players. SportsCastr is the first platform to support FanChain, and the company is working with teams, media publishers and leagues to add FanChain support, with the aim of making it the ubiquitous token within the sports industry.
Andrew Schupak, CFO and Head of Strategy at SportsCastr stated,
“Women’s basketball fans are global and diverse. By partnering with the WNBPA, we aim to build the international reach of WNBA players while delivering unparalleled access to their fans.”
As part of the agreement, the WNBPA will have a dedicated portal within SportsCastr that aggregates all player content, highlights featured content and includes a dedicated leaderboard where fans can discover the most popular player streams.
The announcement follows news that the NFL Players Association (NFLPA), through its athlete-driven accelerator the OneTeam Collective, has acquired a minority stake in the company, making SportsCastr an officially licensed NFLPA platform.
Kevin April, SportsCastr CEO commented,
“From the NFLPA to the WNBPA, it’s our mission to provide a platform for all fans and athletes to have a voice. Through the WNBPA partnership, which offers fans live interactive video and exclusive content directly from players, the talents and personalities of these incredible female athletes will be on display for the next generation of fans.”
The first WNBA players will begin using the platform in the third quarter of 2018, with the WNBPA portal launching in Q4. For more information, visit SportsCastr.com or download the beta app at https://sportscastr.com/getapp.
About SportsCastr
SportsCastr is a live-streaming platform that allows anyone to become a color commentator. Backed by some of the biggest names in sports including NBA Commissioner Emeritus David Stern and Super Bowl Champion Vernon Davis, SportsCastr enables viewers to select which user they wish to have call, recap, or predict games. The Company’s FanChain cryptocurrency is designed for both SportsCastr and the global sports market, allowing users to tip broadcasters and access premium content.
About the Women’s National Basketball Players Association
The Women’s National Basketball Players Association (WNBPA) is the union for current women’s professional basketball players in the WNBA. The WNBPA is the first labor union for professional women athletes. It was created in 1998 to protect the rights of players and assist them in achieving their full potential on and off the court.
About the NFL Players Association
The National Football League Players Association is the union for professional football players in the National Football League. Established in 1956, the NFLPA has a long history of assuring proper recognition and representation of players’ interests. The NFLPA has shown that it will do whatever is necessary to assure that the rights of players are protected—including ceasing to be a union, if necessary, as it did in 1989.
About REP Worldwide
Built on a foundation of the NFLPA’s more than 25 years operating a successful sports group licensing program that builds off-field revenue growth that supplements athletes’ on-field earnings, REP Worldwide provides group licensing services for athlete-driven sports properties. The NFLPA is the majority shareholder of REP Worldwide and works in collaboration with its founding partners, the U.S. Women’s National Team Players Association (USWNTPA) and the Women’s National Basketball Players Association (WNBPA).
About the OneTeam Collective
The OneTeam Collective is the first athlete-driven business accelerator for innovative companies seeking to incorporate sports strategies to drive growth. OneTeam Collective is comprised of founding partners, the NFL Players Association (NFLPA), BlackRock, Harvard Innovation Lab, Intel, Kleiner Perkins Caufield & Byers, LeadDog Marketing Group, Madrona Venture Group, and Sports Innovation Lab. The Collective offers access to the NFLPA’s brightest stars via licensing, marketing and content rights, research and development, funding and mentorship for product development and marketing support.
For more Information, visit the website at – https://fanchain.com/
Connect on Telegram – https://t.me/joinchat/HMX3kA5Y_7f1BO7i_jRqSA
Connect on Twitter – https://twitter.com/sportscastrlive
Meet the Team – https://www.linkedin.com/company/sportscastr/
Media Contact
Contact Name: Molly Waldron
Email: [email protected]
SportsCastr 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.
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The initial coin offering industry is still going strong in 2018. Despite falling cryptocurrency prices, investors are quite keen on diversifying their portfolio in an effort to recover some losses over time. Below are a few interesting key takeaways from the ICO industry at this stage, ranked by order of overall importance. #4 The Three-Stage […]
The post 4 Key ICO Industry Statistics of 2018 appeared first on NullTX.
The initial coin offering industry is still going strong in 2018. Despite falling cryptocurrency prices, investors are quite keen on diversifying their portfolio in an effort to recover some losses over time. Below are a few interesting key takeaways from the ICO industry at this stage, ranked by order of overall importance.
Unlike how initial coin offerings were organized in the past, it seems project owners are looking to raise funds through different stages. This includes conducting a private phase for select investors, a pre-sale – which is rather common – and a public phase, which is the actual crowdsale. Although it remains to be seen how many projects will explore the three-pronged approach. A private sale usually hurts the transparency of ICOs, which is something projects may want to avoid.
Despite the tough time the cryptocurrency industry is facing as of right now, there is a growing interest in the ICO industry. More money has poured in compared to previous years, which further shows there is no lack of innovative projects utilizing blockchain technology. Even so, one has to keep in mind a large number of these projects can and probably will fail in the long run.
Throughout the year 2018, the average amount of money raised by ICOs has increased. It now seems the industry average sits close to the $5m mark, although that may still increase to $10m depending on what happens in the final months of 2018. This is a positive sign for the cryptocurrency industry as a whole, even though it also raises a lot of questions as to why the ICO industry continues to attract so many investors.
Compared to just two years ago, more iCOs are raising higher amounts of funding. A rather intriguing trend in this regard is how an average of $100m per ICO is not all that uncommon. Some significant examples in this regard include Filecoin, Tezos, Bancor, Bankera, EOS, and so forth. It is evident this makes the concept of raising $100m through an ICO a lot more common than people assumed possible.
Rather interesting statistics are provided by Greyspark Partners. Their Research seems to indicate a growing number of initial coin offerings fail to raise a single dollar. That is rather surprising in this day and age, as investors appear to be more eager than ever to obtain ICO tokens.
This research sends a clear message to companies pursuing an initial coin offering model. There is a very good chance no funds will be raised whatsoever, which can be quite problematic for companies not having any other option of securing funding. This may also be an indication investors are slowly smartening up in terms of ICOs, rather than investing willy-nilly.
The post 4 Key ICO Industry Statistics of 2018 appeared first on NullTX.
A blockchain-based platform aims to allow everyone with a smartphone to become a reporter and to earn by creating or watching content. Users can upload the footage of a newsworthy events and sell it to the media via a blockchain-based …
A blockchain-based platform aims to allow everyone with a smartphone to become a reporter and to earn by creating or watching content. Users can upload the footage of a newsworthy events and sell it to the media via a blockchain-based auction system #SPONSORED
Ethereum developers have confirmed an upcoming upgrade will activate on Ropsten around October 9.
Ethereum developers have confirmed an upcoming upgrade will activate on Ropsten around October 9.
InvestopediaWhy Storing Bitcoin in a Single Wallet is a Bad IdeaInvestopediaLate in August, a long-dormant bitcoin wallet suddenly showed signs of activity. While there are millions of BTC wallet addresses out there, this one was special; the wallet in…
Investopedia |
Why Storing Bitcoin in a Single Wallet is a Bad Idea
Investopedia Late in August, a long-dormant bitcoin wallet suddenly showed signs of activity. While there are millions of BTC wallet addresses out there, this one was special; the wallet in question contained 111,000 BTC and an equivalent amount of bitcoin cash. |
Ether’s recovery from 13-month lows looks credible as it is backed by a surge in daily trading volumes to a one-year high.
Ether’s recovery from 13-month lows looks credible as it is backed by a surge in daily trading volumes to a one-year high.
The chief of the European Central Bank, Mario Draghi, said Friday that the institution has “no plans” to issue a digital currency, Reuters reports.
The chief of the European Central Bank, Mario Draghi, said Friday that the institution has “no plans” to issue a digital currency, Reuters reports.
ForbesOverstock To Sell Bitcoin Through Its Website In 2019 Through Bitsy WalletForbesCrypto-friendly online retailer Overstock.com expects to formally begin selling bitcoin through its website in the first half of 2019, the company has revealed. Such …
Forbes |
Overstock To Sell Bitcoin Through Its Website In 2019 Through Bitsy Wallet
Forbes Crypto-friendly online retailer Overstock.com expects to formally begin selling bitcoin through its website in the first half of 2019, the company has revealed. Such functionality will be offered through Bitsy, a crypto wallet and portfolio company of … |
EF Hutton now wants to issue its own crypto tokens in addition to its crypto exchange and research pledges
EF Hutton now wants to issue its own crypto tokens in addition to its crypto exchange and research pledges
Despite a $200 pullback from eight-day highs today, bitcoin’s recovery looks intact on technical charts.
Despite a $200 pullback from eight-day highs today, bitcoin’s recovery looks intact on technical charts.