Billionaire Peter Thiel says he’s optimistic about bitcoin but skeptical of other cryptocurrencies. He says he views bitcoin as reserve form of money, like gold. Peter Thiel is the latest big name from the world of tech and finance to offer commentary on bitcoin, and he’s optimistic about the future of the cryptocurrency. However, rather than discuss bitcoin’s potential uses as a means of exchange, Thiel focused on its effectiveness as a store of value.…"Peter Thiel says people are still underestimating bitcoin"
Over the weekend, a tweet, which suggested JPMorgan was buying up a product tied to the success of bitcoin, sent shockwaves through the cryptocurrency community. But like most outrage on the internet, it was unwarranted. The screenshot, which was retweeted over 2,000 times, shows JPMorgan is among the largest buyers of a bitcoin exchange traded note trading on Nasdaq Stockholm. Here’s the tweet: We see you @jpmorgan $ btc pic.twitter.com/tDSVLNHnmi — I am Nomad (@IamNomad) September…"People thought they caught JPMorgan buying bitcoin after Jamie Dimon called it a ‘fraud’ – but that’s not what happened"
LONDON – Startups around the world are raising hundreds of millions of dollars by issuing new digital coins, a trend that has made people both excited and concerned. Over half a billion dollars has been raised through so-called “Initial Coin Offerings” (ICOs) since the start of the year, according to Richard Kastelein, a partner at the Cryptoassets Design Group, a company that helps launch ICOs. It’s an incredible amount considering that ICOs were unheard of…"People are raising hundreds of millions selling digital coins online — it’s either the future of funding or a ‘bubble’"
Microsoft is teaming up with Accenture to build a digital ID network using blockchain technology, as part of a United Nations-supported project to provide legal identification to 1.1 billion people worldwide with no official documents. The companies unveiled a prototype of the network on Monday at the UN headquarters in New York during the second summit of ID2020, a public-private consortium promoting the UN 2030 Sustainable Development Goal of providing legal identity for everyone on…"Microsoft is working on providing digital IDs to over 1 billion undocumented people around the world (MSFT)"
In 2013, British man James Howells desperately trawled through a seemingly endless pile of garbage at a landfill site in south Wales. He was hoping against hope that he could find a USB stick that he had thrown out. Years before, he had bought some of the digital crypto-currency bitcoin. When he realized what he… bitcoins | New York Post"The people who literally threw out multimillion-dollar fortunes"
The old saying goes that one man’s loss is another man’s gain. That has proved true in the bitcoin market. Over time, the US government has seized hundreds of thousands of bitcoins from people who used the cryptocurrency in the process of breaking the law. Perhaps the most high-profile example came in October 2013, when the FBI raided the online marketplace Silk Road, a hub for transactions involving illegal drugs and criminal activities. But those…"People are making a fortune buying government-seized bitcoins"
Bitcoin became the first decentralized cryptocurrency back in 2009, and ever since interest in digital currencies has exploded. According to CoinMarketCap.com, there are 796 cryptocurrencies currently trading around the world, with a combined market cap of $ 29,374,919,176. Of those, only 10 have a market cap of $ 100 million or more. Check them out: SEE ALSO: The first investor in Snapchat thinks each bitcoin could realistically be worth $ 500,000 by 2030 — Here’s how Join…"There’s $29.4 billion in cryptocurrencies — here’s which ones people are using the most"