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Famous and rich people’s reviews about bitcoin

Reviews about bitcoin is the most interesting topic ever. As we know that bitcoin has its own worth. In that case, richest people of the world are not dumb. They know the trend of the financial markets. In the same way, richest people of the world seems interested in bitcoin technology. Some of them also give positive reviews about bitcoin world and do some transactions.

Few perks of bitcoin review are, no banking agony, no transaction’s fee even less inflation. In this article, I’ll tell you about the reviews of richest persons in the world about bitcoin technology.

Bill Gates

The founder of Microsoft and the richest person in the world said that ‘’ bitcoin is better than the currency “which means he accept the bitcoin. As we know that Bill Gates foundation works on the serious social issues of the society.

As he said, they help to poorer how to have no excess to the banks. Ironically, if they have, then transactions fees don’t let the enough amount. In that scenario, they need to send and receive money in an easy way. For example, everybody in the world knows the use of mobile phones. People know how to utilize themselves with this technology.

The only solution of this inflation is the use of digital currency. Bitcoin is the most dominant contestant in the list of digital currencies. He completely focusses on the present situation of poorer. His reviews about bitcoin are, “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than the currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” Which clearly proves that next era is bitcoin era. Including banks and financial institutions are going to change infrastructures as well.

Warren Buffett

He is the second richest person in the world. CEO of Berkshire Hathaway stats ‘’ yeah it is a very fast money order anonymously’’.

Dr. Eric Schmidt

He is executive chairman of Google and also holds a Ph.D. in computer science with the wealth of $8.3 million. He admires that the currency with no duplicate in digital currency, useful for many computer applications. In fact, most of the people do business with bitcoin. Which clearly means that people’s trend about payments and buying goods has to change to the digital system.

As he states, “Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has an enormous value”.

Richard Branson

He is a founder of the virgin group comprising more than 400 companies. Richard seems to interested in bitcoin investments and also support it.

He clears the thing that bitcoin is the future.

“If people have lots of bitcoin and they want to go to space, I much rather they spend that money on a spaceship.”

Conclusion

Above discussion describes the trend of a financial market about bitcoin. A large number of richest persons are interesting to invest in bitcoin.

Tags: how to make money with bitcoin

 

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Gatecoin CEO Predicts Bitcoin to Reach $5000 This Year.

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Gatecoin is a Hong Kong based cryptocurrency exchange that claims Bitcoin’s price is to reach $5000 by the end of 2017.

Headlined “Bloomberg Daybreak: Asia,” this price prediction was made during an interview with Aurelien Menant, Gatecoin’s CEO, and founder. He said that the markets are responsible for driving increased interest in Bitcoin.

“Another factor that is very important is the arrival of more and more institutional investors in bitcoin,” Menant said. “Historically we used to have a few hatch funds trading bitcoin in Europe and the U.S. Now we have around 60 or 70 of them that are starting to trade bitcoin.”

Some funds are now dedicated to digital currencies. “So, this is definitely driving a surge in the price,” he said.

 

News Credits: coindesk.com

Image Credits: steemit.com

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Is Bitcoin Really Bad for Games?

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July 11, 2017. Digital currencies continually making their momentum among a huge number of users. This increasing distinction creates an effect on the market cap. A large number of Bitcoin users indicates the more modest market with a surge in market cap as well.

So, it is clear that Bitcoin users can keep their coins without converting it to fiat money. On the side, bitcoin mining potential is growing with the increase in demand for Bitcoin.

Furthermore, most of the groups such as computer games community have faced negative pressure because of the development.

Mining or gaming????

With the rise in the Bitcoin market, things getting more difficult for the gaming community. In addition, both hardware cost and graphics cards’ price is getting high. Which shows that the gamers and miners required an expensive hardware in order to perform their operations more efficiently.

Basically, mining is a process of generating new bitcoins. whereas, supporters of digital currency campaign frequently favor the decentralized process of the cryptocurrencies. Because its allows users to generate new tokens.

Professionals have huge members set up to solve math solutions and get their Bitcoin reward. In addition, they use the AMD RX 400/500 series in mining process to boost up the whole process.

Why do gamers feel the pressure?

Gamers use the same card for the different purpose. Means, the similar card is used by two different communities. Accordingly, card seller is completely out of stock and most of the gamers feel the increasing pressure of prices.

Though, may be a relief is on the way, ASUS, one of the well-known graphic card manufacturers announced that they will introduce the new series of product soon. This announcement may lead two different classes with different focuses.

Doesn’t matter mining interest is growing on but graphic card is not more expensive for gamers.

News credit: www.investopedia.com

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Nasdaq going to invest in blockchain startups

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Nasdaq going to invest in blockchain startups


Blockchain has business potential 

When you are going to generate the money, it’s really hard to beat blockchain. Blockchain startup has its own trends in exchange markets.  Similarly, it has its own business potential. In the same way, large companies all over the world are interesting to invest in blockchain investment by using its potential. First and foremost, the example is Samsung partnering with blockchain to provide blockchain capability to Samsung card.

At the same time, well-reputed companies are taking the interest in blockchain technology. Nasdaq is the world’s second-largest stock exchange company similarly is going to invest in the bitcoin blockchain stock. While it has been the earliest and well-known supporter of new technology in the stock market.

Proxy voting

Financial institutions have to use the proxy voting test. therefore, this growing experiment mostly uses at first emerge. Nasdaq recently completes its test by using blockchain technology. consequently, it will runs it to different exchange sector, whether to approve this technology.

Blockchain ‘time start now

The blockchain is a technology, in which distribution and imputation of transactions are controlled by the internet without any approval of the central authority. As a result, its creates the golden record of data, market infrastructure.in addition, bank hoped that security settlement would be change to corporate actions.

This is the separate issue to implement this technology to its own market or not. Nasdaq is evaluating, whether this system is to be sell to clients including central security depositors. The excitement of investments in blockchain remains high. A technology needs several years of an industry to reap the benefits.

Nasdaq venture

On 19th April 2017 Nasdaq introduce the Nasdaq venture. Which clearly means that company is going to invest in the companies working with blockchain. The announcement does clear one thing, the venture will look after the investment opportunities and will focus on next generation data analysis, machine learning, machine intelligence, cloud and data analysis.

Nasdaq does its first investment in $10M, and it will focus on both late-stage and seed seed-stage placement

The range of investment will be from $1M to $ 10M.  Moreover, each investment will directly support to Nasdaq’s core business strategies and mission. In addition, Nasdaq venture makes it sure that they will focus on data and analytics, machine and artificial intelligence, emerging and frontier marketplaces, digital transfer/payment/transaction processing type of finch companies.

On the other hand, Nasdaq always an active supporter of financial technology innovations, especially in the case of blockchain technology. Therefore, it has a great reputation in the financial sector.  In conclusion, Nasdaq will facilitate the US even so, the other countries by using this system.

As Friedman said, “With the launch of our new venture investment program. We are reinforcing our focus on driving growth. Innovation by evaluating, distributing, licensing and integrating disruptive technologies for the long-term benefit of our global clients.”

 

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Token Tax 2018: Here’s what ICO Investors and Issuers must know about it!

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ICOs (Initial Coin Offerings) have skyrocketed in the past few years. A lot of attention has been given to regulatory matters than the potential tax issues that may soon arise for both investors as well as issuers. The IRS (Internal Revenue Service) didn’t issue any guidance related to the tax treatment of token issuances. Taxpayers are mostly left to apply existing-tax-rules, depending on regulations and models that offer flawed analogies to token issuances.

cryptocurrency and taxes

Cryptocurrency and Taxes

Overall, the facts of a certain token issuance, which includes the rights related to tokens must be scrutinized to regulate the proper characterization of the tokens for tax-related matters. A token has to be considered as an equity interest in the issuing entity, however, the tax consequences to the holders and issuers will rely on the buckets that token falls into.

The rules can be way too much complex if the equity interest is in a partnership, and if the taxable income partnership will surge over to the investors, so they may have a constant tax liability. Furthermore, if an investor uses “appreciated cryptocurrency” to get the tokens, it will end up in current-tax to the investor on the appreciated cryptocurrency, however, considering other facts, the investor may have the ability to claim that the cryptocurrency exchange for tokens was “tax-deferred.”

There are few token issuers that issue some of their tokens for free through an “airdrop.” Receivers usually sign up for airdropped-tokens through the website of the issuer, and sometimes they have to use social media platforms to disseminate information about tokens in order to receive them. For the receiver, the value of tokens that he/she receives in an airdrop is a taxable income.

Token issuers usually pre-sell some tokens via SAFT or SAFE-T. The holder, under a SAFT usually pays a fixed-amount for getting the right to collect a determinable number of tokens. SAFT often provide that the envisioned SAFT’s tax treatment is as a “forward contract.” If this treatment is appreciated, then the tax on the purchase amount must be delayed ’til the tokens get delivered to the SAFT holder.

Though, SAFT as a forward contract won’t necessarily be appreciated by the Internal Revenue Service, as the agency may pursue to re-characterize SAFT to extricate it from a traditional prepaid “forward contract.”

Based on SAFE (Simple Agreement for Future Equity), SAFE-T is planned to be considered as an equity instead of alterable debt. SAFE-T’s tax treatment is ambiguous; however, it comprises the elements of both SAFE and SAFT.

It’s quite clear from that there’s only a little guidance from the IRS about how token offering is treated for tax purposes. Determining how to describe these tools for tax-purposes is an exhaustive procedure. Issuers must look up for a tax adviser to get some help in organizing their token offerings.

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