Bitcoin millionaires are being made every day as the cryptocurrency’s value continues to climb. One making waves in particular is Erik Finman, who first invested in Bitcoin in 2011 – when he was only 12 years old.
Now, Finman is working to send a multimedia time capsule into space. He’s gathering videos from artists and fellow teenagers. The archive will also reportedly include Taylor Swift’s album “1989” and contributions from X Prize founder Peter Diamandis. Finman told TechCrunch that the archive element of the project is meant to commemorate the 40th anniversary of the Voyager probe launch, which <Read More>
Former New York State Legislature staffer Patrick Nelson is accepting donations in Bitcoin for his candidacy as congressman for New York’s 21st Congressional District. Nelson has filed his candidacy in early 2017.
According to Nelson, he is accepting contributions as a candidate through the payment processor BitPay.
He added that taking Bitcoin as donations reflects his <Read More>
Chinese electrical appliances manufacturer, the Midea Group, has filed a patent for a technique for mining Bitcoin using household products. The patent application was published earlier in 2017 by the State Intellectual Property Office (SIPO) of the People’s Republic of China.
Based on the patent application, Midea plans to embed specialized mining chips inside its appliance products like air conditioners, dehumidifiers, and TV for the purpose of digital currency mining. Once the chips are programmed, the products will then connect to a cloud-based service and contribute their hashing power to mine cryptocurrencies.
Midea Group
The Midea Group currently ranks 450 on the Fortune Global 500 list as of August 2017. The company has more than 125,000 employees around the world. The household appliances manufacturer posted over $22 bln in revenue and $2 bln in profits for its fiscal year (FY) 2016.
Among the products manufactured by the firm are <Read More>
No one knows if the recent rally is the last pump before the bubble pops, or indeed if it is the tipping point. But, Octogon Strategy Dave Chapman is seeing a new breed of investors flowing towards cryptocurrency that makes him believe Bitcoin is growing up.
Chapman’s company, which specializes in commodity investment, especially digital currencies, is seeing a new flow of institutionalized money opening accounts with Octagon. These new account holders are the type of people that make it look like Bitcoin is growing up, not preparing to pop.
Heated market
The talk and debate around Bitcoin, especially at big rallies, is whether the digital currency is preparing to pop on the same level as Tulip Mania, the dotcom bubble and other such market crashes.
Chapman admits that the market is a heated one, but it is also a very different one.
“I don’t think we are looking at a bubble at all,” Chapman told Bloomberg. “I would say that the market is heated and a lot of people do think it is a bubble and it is sometimes hard for me to defend that position. But what I will say we are potentially at the tipping point.”
$10,000 not out of sight
For Chapman, the idea thrown around that Bitcoin could hit $10,000 by the end of the year is not as absurd as many think.
“I don’t think it is unimaginable to think we will have a five figure headline at the end of the year,” Chapman added. “There has been an enormous amount of investment that has come into <Read More>
Bitcoin millionaires are being made every day as the cryptocurrency’s value continues to climb. One making waves in particular is Erik Finman, who first invested in Bitcoin in 2011 – when he was only 12 years old.
