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According to Winklevoss Twins, the price of Bitcoin has the possibility to rise up to 4,000%, which will allow the leading cryptocurrency (Bitcoin) to achieve the market cap of $4 trillion. Tyler and Cameron Winklevoss became the very first verified “Bitcoin billionaires” as they were among those investors who first invested in Bitcoin when it had the worth of only $120.

Bitcoin has been auspiciously compared to gold by the Winklevoss twins. They somehow anticipated that the digital asset (Bitcoin) will one day surpass the yellow metal. Also, Cameron Winklevoss said that the recent slump in the price of bitcoin didn’t cause him to dither from his sanguine prediction.

At Milken Institute’s MENA Summit, Winklevoss twins said that they still believe bitcoin solely can disrupt gold. “It’s even better than gold,” they said. Scarcity makes gold and Bitcoin is fixed in supply which makes it more durable, more portable and a lot better than scarce.

 

He said that based on this evaluation, the market capitalization of Bitcoin could end up similar to that of gold, which has the worth of $7 trillion at this time. He anticipated that the price of Bitcoin would set above $320,000 and its market cap would hit at least $4 trillion, and this has made the recent correction of Bitcoin, a striking buying opportunity.

He added, that today’s $100 billion market cap might have been almost $200 billion last week, and that’s what makes it a buying opportunity. The reason that it has got the capital appreciation of 30-40 times is that if we look closely at today’s gold market, it’s got a worth of $7 trillion. Many people have started to see that, and now they distinguish the store of value assets. So, it is still an underappreciated asset despite the fact, that its price has seen ups and downs in the last few weeks.

The co-founder of Winklevoss Capital notified that it’s obvious, this transfer of assets won’t take place immediately, however it could come to an end within the next 10 or 20 years. Tyler Winklevoss agreed with Cameron’s anticipation that “Bitcoin would disrupt gold” and added, that he believes that fiat currency will be eventually replaced by the cryptocurrencies.

He added that cryptocurrencies are not that significant for human-to-human transactions, however in machines-to-machines market economic value, they’ll have to plug into protocols such as Ethereum and Bitcoin. Later he elucidated that, given the innumerable applications of this technology, a lot of critical analyses from Bitcoin sceptics are specious. He concluded by saying, that the criticism of Bitcoin is a “failure of the imagination.”

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CapitalWave, Inc. Announces Launch of The Blockchain Academy – Blockchain Programs for Corporation’s & Developers.

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NEW YORK – April 25, 2017 – CapitalWave, Inc., a leading global provider designed to deliver highly engaging training for the financial markets, announced the official launch of The Blockchain Academy, a new institution offering online video training courses to professionals seeking to have a greater understanding of the impact of blockchain and its most famous use-case Bitcoin.

The Blockchain Academy offers progressive courses to increase the understanding of someone fresh to the blockchain network. It includes everything, from foundation to immersive courses that provide a thorough understanding of each aspect of the technology. Blockchain Academy prepares businesses to reach their internal targets and better serve their employees and customers.

Blockchain Academy courses prepare students to:

  • Understand the disruptive impact of blockchain
  • Learn how Bitcoin, mining, and cryptocurrencies work
  • Get a deep and thorough understanding of the concepts that underpin how blockchain works.
  • Discover where this technology is headed and the changes this will mean.
  • Understand the basics of virtual currencies, with a focus on adoption and use within the financial sector.

Current Blockchain Academy Courses

  • The Blockchain Foundations
  • Blockchain Intensive I: Bitcoin and Blockchain
  • Blockchain Intensive II: The Financial Sector

 

“We anticipated the need for alternative eLearning solutions to serve both large and small businesses with an easier, more efficient process,” said Bryant Nielson, the Executive Director of both CapitalWave and The Blockchain Academy. “The needs of companies are constantly evolving and we have successfully expanded our training course offerings to meet and exceed these demands.”

 

Each course is designed to provide companies the edge in understanding FinTech by learning online with engaging, self-paced e-Learning modules. Being one of the first learning organizations to provide a truly dynamic educational simulation training platforms.  Their goal is to be the preeminent provider of training platforms, financial simulation and competitions for the Corporate and University markets.

 

About CapitalWave Inc.

With offices in New York and London, CapitalWave is a leading global provider of financial training solutions in the capital & wealth markets. In addition to delivering courses in Equity Fundamentals, Fixed Income programs, Investment Management, Investment Banking, Forex, Commodities & Energy, Wealth Management, Risk Management, Asset & Liability Management, CFA programs and more.  The company’s headquarters in New York.

 

For more information, please visit: http://www.capitalwave.com or www.TheBlockchainAcademy.com

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US Congress Features Cryptocurrencies for The Very First Time in Its Joint Economic Report

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On 13th March, an annual Joint Economic Report was published by the US Congress in which the Congress dedicated a whole section to the Blockchain technology and cryptocurrencies, for the very first time.

Joint Economic Report

The Joint Economic Report (2018) contains a whole chapter that provides the insight of the effect of Blockchain and cryptocurrency on today’s US economy and includes scrutiny and recommendations for the rest of the year. According to the report, 2017 was the year of cryptocurrencies, and highlighted the extensive concern over Bitcoin.

The combined value of all Bitcoins in distribution equalled to approximately $15.5 billion, by the starting of 2017; however, it boosted almost 14-fold to over $216 billion by the end of the year. Cryptocurrency market cap was certainly influenced by high prices and such cryptocurrencies like Ripple, Ethereum, and Litecoin also experienced the same gains.

But at the same time, the report also stated that leading economists, like Chair Janet Yellen (former Federal Reserve), still don’t think that cryptocurrencies meet the standard definition of money, and for him, Bitcoin is a highly-speculative-asset.

A stirring surge has been shown in the price of crypto and Blockchain assets, which leaves few crucial economic indexes behind such as;

  • Dow Jones Industrial Average
  • S&P 500

The report says;

“…If digital currencies become less volatile in the future, valuing items in those denominations could become easier and individuals might begin using them more frequently as a medium of exchange”

Recommendations

There are few recommendations in the document, showing certain concern, as all of the authors advise government agencies are about to consider and analyze new customs for the technology. They specifically distinguish Blockchain’s potential to enhance agency competence and guarantee security against cyber-attacks.

The report also says;

“Policymakers, regulators, and entrepreneurs should continue to work together to ensure developers can deploy these new Blockchain technologies quickly and in a manner that protects Americans from fraud, theft, and abuse while ensuring compliance with relevant regulations”

The analysis also highlighted that Blockchain has demonstrated largely resistant to hacking and has a lot of potential applications. Even though Blockchain and cryptocurrencies still stir up clash, the analysis that was shown in the report proves that administrative associations cannot avoid the innovative technology of Blockchain.

The report also noted that the technology can be used in other fields like;

  • Healthcare
  • Securing critical financial
  • Energy infrastructure.

The Subcommittee on Securities, Investment and Capital Markets assembled for a hearing that was dedicated to ICO (Initial Coin Offerings), Blockchain development and cryptocurrencies in the US, making it quite simple understand that more regulatory clarification would be necessary from the US government.

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Best Auction Sites and Platforms for Bitcoins

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Members of the Bitcoin community are always looking for ways to buy and sell products in exchange for bitcoins. Fortunately, several sites make that possible by offering secure and safe platforms for sellers and automatic escrow protection for buyers who bid to purchase their desired items on sale.

The following auction solutions have gotten a lot of attention over the past couple of years:

OPENBAZAAR

OpenBazaar is a top Bitcoin auction site for everyone looking to purchase or sell all sorts of items in one place. Although it is believed to be a normal shop on the internet, it does offer some auction functions as well. There is no limit as to what items can be sold on the platform. Also, OpenBazaar’s peer-to-peer nature means there is no company or middleman that can remove or block listings, charge fees, or hold money. By accepting bitcoin payments, sellers are opening up to their offering to the rest of the world.

BITIFY

Another Bitcoin trading platform. Bitify was launched in September 2013 and was first known as CrptoThift. It uses an auction system to sell items. It also offers escrow services to the buyers. The buyers have an option to use the escrow service for 1% fee. This means that Bitify acts as a guardian over the customer funds until the transaction is fully settled. You can browse numerous posted items for sales such as E-gift cards, software installers, online gaming accounts and more. Although, it offers more of digital items rather than physical goods.

GLYDE

This platform has been around the longest and sells items super-fast. Buyers can find reasonable deals on electronic items and much more, whereas sellers can benefit from selling their unwanted products. There have been thousands of feedbacks on this platform and have been nothing but positive. So, make sure to drop by this site if you’re ever looking to sell any items. Glyde provides insurance on every package, so in the rare event an item is lost in the mail you will still be compensated for the sale. It is the best bitcoin trading platform to buy and sell with bitcoins.

To help build and enhance your reputation, opt for websites having built-in feedback systems. Also, make deals with already established buyers where you send them the item first and then wait for them to send bitcoins after receiving the goods.

REMEMBER! Your buyer should have an established reputation so you don’t suffer a loss. There could be cases where you send the item to the buyer and they never send the payment.

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Throwback to When a Savage Police Chief Asked to Receive his Entire Salary in Bitcoins

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Throwback Thursday: Kentucky Police Chief Asks to be Paid in Bitcoin

Vicco, Ky., is a town that’s known to be one of the smallest of the smallest towns, with a population of just around 330 people. But hey, don’t judge a town by the number of its inhabitants, right? Well in 2013, that was definitely the case here since that did not keep a Police Chief named Tony Vaughn away from the trends of the internet and rising cryptocurrencies.

Considering back then Bitcoin was still gradually growing and beginning to stabilize, it was a story that gave the currency quite a boost and hopes of becoming a payment method one day. Luckily, the city commission approved of this and after standard federal and state reductions in US dollars, Vaughn had received the bitcoins in his personal account.

Fast forward four years and Bitcoin has earned and is still earning a lot of fame and popularity as major investors have accepted the cryptocurrency as a means of payment. Also, let’s not forget the endless amount of altcoins following right behind. One can safely say that we are, as a matter of fact, entering a world of digitization.

 

Story Credits: cnet.com

 

 

 

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Bitcoin technology is going to save environment

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If you know about the bitcoin. which means, you clearly know about this technology. People use digital currency in the sale or purchase of any commodity or in term of service. Actually, this technology chain is wide and control by the computers forming blockchain.

Now, blockchain is also going to help in saving the environment difficulties. An ecologist at the university of the Agriculture sciences in Riddarhyttan is confident that this growing technology will also help to save the environment.  Science and he have a discussion about the future of the money, government trends and trust of the public as well.

The blockchain is a procedure to maintain the immutable ledger of the transactions. Which decentralization the supercomputers. Accordingly, because of the lack of trust, the environmental problems emerge. Whereas, environmental crisis grows in a fruitful ground. Which is directly the multiplication of intermediaries. For example, if you buy a ring from the supermarket. Here, you just buy a ring, not even know where it comes from. The supply chain of this ring is very long. It is possible that even retailer has not enough information, where the ring came from.

In the same way, the blockchain base supply chain would mean that you buy a ring by scanning QR from your mobile phone. Where you are able to see each step and positive thing is it cannot be falsified.

How blockchain help the environment?   

Blockchain has the ability to change the nature of the ownership. Moreover, in most of the developing countries land rights are not properly distributed as they are in documents. Where the government or a reputed company can easily claim, a land owned by a local community. Whereas, if we put the registry of the same land to the blockchain, which will be immutable. In addition, the real owner of the land will have complete freedom to do whatever with a land.

Blockchain has directly created an influence in policy making. While voting by the blockchain is the secure and organized way to the elections. Now, if you are going to manage an election regarding how to control natural resource. Whether it is a fishery or a forest. You need planning, instruments, ballot boxes and most important thing is to prepare the public to cast vote on the election day.  On the other hand, if you do this procedure of voting through blockchain technology. you’ll free cast a vote from your smartphone with your cryptography identity and strong security.

Furthermore, this technology helps by changing incentives. A blockchain guarantee that an event will happen. That sounds weird, but you enter into a contract with the blockchain. You are free to enter business logics as computer code. Next, when condition met the contract will be executed automatically.

Above all discussion is about how blockchain will help in environmental issues. We need more planning to change living, these are few of them.

Good luck!     

 

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