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Kuper Sotheby’s International Realty is a Texas-based real estate firm that just made its first sale of a property using Bitcoin.

Bitcoin is gaining a massive amount of media coverage the past few years and has become the world’s most popular digital currency. For starters, it was just buying everyday items. This later expanded to purchasing flight tickets and online games and now you can buy luxurious items such as yachts, a suite, and a custom-built home.

While the price of the home hasn’t been revealed, the buyer focused more on the ease of the transaction. He simply transferred the coins to the seller’s wallet, who converted them to U.S. dollars.

“In all of my 33 years of closing transactions, I honestly couldn’t have expected something so unique to go so smoothly,” said Kuper Sotheby’s Sheryl Lowe, the buyer’s agent, in a press release. “In a matter of 10 minutes, the bitcoin was changed to U.S. dollars and the deal was done!”

This shuts the comments made about bitcoin being “a fraud.” Moreover, it shows that more and more people are now beginning to accept cryptocurrencies and applying them in their day-to-day life.

 

News Credits: futurism.com

Image Credits: OWLbtc.com

Tags: bitcoin in Texas, bitcoin Texas, bitcoin news

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Bitcoin Escrow Service – Multisignature

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An escrow service provides safer transactions especially since bitcoin transactions are irreversible. It holds the buyer’s coins in escrow and releases them after the satisfaction of both the parties. Escrow protects sellers from fraudulent buyers and likewise, buyers are protected if the seller turns out to be a scammer and doesn’t deliver the goods.

bitcoin escrow service

Bitcoin Multisig

Multisig aka Multi-signature is a technology that takes care of bitcoin wallet address. The basic principle is very simple: more than one person must sign the transaction in order for it to be valid. Bitcoin has a built-in feature that lets you choose as many signatures as you like, and then choose how many signatures in total must be provided for a valid transaction.

Use Bitcoin Multisig for Escrow

How to Use Multisig to Escrow Bitcoin?

The most common use of Multisig would have to be bitcoin multi-sig escrow. Multi-sig escrow provides consumer protection without the need of a central escrow provider to hold the coins on your behalf. Instead, an address is created which requires ‘2 of 3’ signatures from the buyer, seller and a third person who provides arbitration in case there is any disagreement. This address holds the payment until the product or service is delivered, and then can be used to pay the seller or refund the buyer.

Multisig can strongly benefit both individuals and organizations in improving security, establishing access controls, and enabling the delegation of partial trust. The additional signature proves that the transaction process is complete when both parties are aware that the terms of the transaction have met.

Bitcoin Escrow- Specialized Services

There are some specific platforms present for providing bitcoin escrow service to bitcoin users.  When you use one of these services, you are able to choose a third-party arbitrator from a list. If this list isn’t available in the event of a disagreement, they will act as a mediator.

  • Bitrated – Costumers choose from a list of independent arbitrators registered on a platform. After confirmation, the buyer secures bitcoins into a multi-signature address and the payment is secure until two of the participants agree to release them.
  • Escrow My Bits – This Bitcoin escrow service charges 1% escrow fees which provides possible dispute resolution. Storing your funds in a secure 2 of 3 multi-signature transactions where they hold one key.
  • StrongCoin- It’s an online wallet with built-in escrow with 1% fee on bitcoin cryptography. Use this service to buy items as they are able to offer escrow where no single party holds bitcoins. They hold one vote and to release the coins, you require two votes.

While in escrow, coins cannot be stolen unless two of the users also sign the transaction. This is much more secure and is highly recommended for anyone dealing with a large number of bitcoins.

Bitcoin Escrow Service

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Is the Value of Bitcoin Interrelated to its Google searches?

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The price of Bitcoin has a 91% correlation to its volume of Google searches, according to a search engine marketing agency known as SEMrush.

 

Image credits: steemit

 

Basically, this means that the number of Google searches related to “Bitcoin value” fluctuate with the price of google Bitcoin. In simple words, when the price goes high, more people are attracted to it and as it begins to drop, people become less interested.

How was this study conducted?

SEMrush discovered from a database of 120 million US keyword searches that were linked to bitcoin. Some of them are listed below:

“Bitcoin”

Bitcoin price”

“Bitcoin news”

“Bitcoin value”

The total number of Bitcoin and Bitcoin search volume was said to be approximately around 51,400,000 last year.

 

Is the case study simply approving the obvious?

Perhaps. As mentioned earlier, the interest of people is dependent on the price. The higher the price, the more the number of searches online.

Regardless, it’s quite interesting to note this connection and to discover that the numbers actually support what we might be assuming.

image credits: steemit

Statistics:

Since April 2017, the number of bitcoin searches has climbed up by 450%.  During this time, the value of bitcoin had gone up from around $1,076 to a new hit of $5,000 just a couple of weeks ago.

 

Will it Predict the Price of Bitcoin? – That is the Question

Unfortunately, no. That is not the case and it’s silly to think that a search engine would be easily able to predict the price of the world’s most popular cryptocurrency.

 

Story Credits: steemit

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Ethereum News: Will the Price of Ethereum triple in 2018?

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There’ve been many Ethereum Price Predictions before; however, according to the co-creator of Ethereum, Steven Nerayoff, the growing interest in cryptocurrency will increase the value of Ethereum and the cryptocurrency can triple this year.

ethereum predictions

Steven Nerayoff said:

“You’re seeing a tremendous amount of growth across a wide variety of industries. Fintech is actually the natural area, but now you’re seeing it becoming increasingly more creative — you find projects in the oil and gas industry, you’re finding government using it in their applications, you’re seeing it in gaming, all kinds of different areas.”

Ethereum Price Prediction

In the past few days, Ethereum has moved up to new heights consistently and is emerging as a major cryptocurrency.  Likewise, as compared to 2017, it has increased by almost 3600% and that’s why the majority of the investors are considering Ethereum as a long-term investment.

At this same time, an important question arises related to the future price of Ethereum. Ethereum is quite different from tokens that are only for investment, which means that the Ethereum’s value would upsurge in the upcoming time. It’s expected that by the end of 2019, Ethereum’s value would be almost $ 14,000. Likewise, it is expected that Ethereum would hit $31,000 by the end of the year 2020.

When it comes to Ethereum, keep one thing in mind that if more platforms are used, the price of the token will also get higher. Following this reason, you can ensure that the value of Ethereum would also upsurge in the future. According to the market cap, it’s also expected that Ethereum is going to become the second most valuable cryptocurrency. So, whenever you want to invest in a cryptocurrency, the perfect idea would be to go for Ethereum.

 

Views of Balaji Srinivasan

Majority of the people who are hopeful about cryptocurrency apparently agree that the leading cryptocurrency Bitcoin and its newer competitive Ethereum are here to stay. According to the CEO of Earn.com, Balaji Srinivasan:

“In terms of 5 to 10 years, Bitcoin and Ether will be around I bet.”

According to the CEO and co-founder of Blockchain, Peter Smith, his company, was primary to Bitcoin, as it only started to warm up to newcomer Ethereum.

Views of Kathleen Breitman

There’s no doubt that Bitcoin and Ethereum have stolen the show at this time, but the innovation will not end there. Kathleen Breitman, who is the co-founder of Tezos is optimistic that her own blockchain bet is going to fill a place that solves problems with existing blockchains. Particularly, she is designing Tezos to automatically push the updates of software out to the network, which means evading the disruptive feuding over upgrades that afflicted systems like Bitcoin for the past few years.

 

Market Manipulation

For the moment, token sales appear to be a great way of raising a hefty amount of money real-quick. Peter Smith believes that the manipulation of market and insider dealing is extensive amid purveyors of ICOs.

Smith said:

“We’re cautious about it in the short term – But you have to temper that with the idea that every new technology is going to be like that in the beginning.”

CEO of Ripple, Brad Garlinghouse also said:

“Heavily regulated markets are typically heavily regulated for a reason – Frauds are happening, people are going to jail.”

 

Regulations

Elena Kvochko is a chief information officer of the security division at Barclays. According to Kvochko, her bank had a talk with watchdogs about blockchains, Bitcoin, and their ilk. In the meantime, as the governments settle down on sets of instructions of the road, countries like Singapore, Estonia and Switzerland are shoving to advance frameworks that simply accommodate the innovative technology. According to Smith, they’re looking for displacing geographic officials and becoming hubs for developing business financing.

Smith said:

“If you’re a U.S. person or business, you have a good deal to be concerned about.”

 

Speculations

The prices of cryptocurrency fluctuate way too much, but there’s still a reason to believe that the markets are going to become more stable. On the other hand, Srinivasan introduced another possible scenario. Referring to a fundamental-reality in which everybody is disheveled in the future, Srinivasan said :

“All your waking hours are spent in the Matrix.”

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Bitcoin’s Price Surge and Mining Hobby

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Roque Solis, president of the SoliSYSTEMS corp, never fictionalized that bitcoin mining equipment he credited in February would have already paid for itself and made money as well. SoliSYSTEMS Corp is a company which developed an EMV smart cards for electronic advantage transfer for the federal backing program.

Solis was powerless to ignore bitcoin by attending a number of conferences. So, he decided to do experiment new technology via mining. He wants to get the better handle on the technology, whether this technology has the ability to use in this company or not?

Then, Solis bought a Bitmain Antminer S9 for $2,400.

As a result, he mined 1.01BTC worth $2,584 in Bitcoin wallet, on this weekend. Solis said, “When I bought the miner, the price per bitcoin was around $1,200. I thought I’d break even in one year, but actually, it’s been about five months.”

This gain indicates that individual hobby mining is not profitable anymore. Distinct miners don’t have the capacity to compete with the companies in mining bitcoins. with the $600 below price, electricity and pool fees, a person needs 500 days to break even on miner investment.

Furthermore, the rise in awareness about the mining pool, the price is also getting higher. Solis’s experience shows that hobby miner can break even within few months.

According to the Solis, money’s amount is increased on daily basis with miner’s jump from $7 to $16 freshly.

Price Substances:

According to the Sean Walsh, rising price of the bitcoins motivates the investing behavior of the miners. It is a key process which supports the whole network by safeguarding its ledger. Walsh said, “There are a lot of metrics that actually matter, like the number of people that own at least one bitcoin, but nobody cares about that. It’s just price. It’s the one score that wakes people up, and when The Wall Street Journal and other financial publications write about bitcoin.”

While Google trend shows the similar stories of bitcoin and bitcoin mining. Price factor of the bitcoin is not only the reason of increasing interest hobby mining. According to the Walsh experience, bitcoin transaction fees were stable from last few years, those fees have seen an uptick.

Walsh said, “This has to do with the block size debate, because the network is a bit congested, and people are having to pay more to get their transactions confirmed.”

In past, 100 bitcoins were per day transaction fees. Then this fee reaches to 350 bitcoins a day.

And, by 1,800 bitcoins shaped daily, 350 bitcoins are near to 20% of that. This is a blunt difference, a year ago when 60 bitcoins were paid in fees and 3600 produced on daily basis.

Walsh said. “that’s a huge boot.”

He added, “I don’t know that [increasing transaction fees] are affecting people’s interest in getting into mining. People may not realize why it’s more lucrative to mine bitcoins now, but when they run the numbers, the payback period looks better than it used to.”

New Blood:

He added, “It’s very important for people entering bitcoin mining that they really understand how to calculate their revenue and expenses. They need to make sure their cost basis and operating costs are very low.”

Like, if a junior miner overspends on accommodating servers, then there’s a modification, they are over-leverage.

Bitcoin’s value was down about 20% over the last weeks of June. Walsh said, “normal respiration of an asset class.” So far, others are not experienced in investing process and might be unaware of these fluctuations in bitcoin’s price.

According to the Solis, “it’s all about learning through experience”.  The Antminer S9 is running in Solis’s company’s server room and in the presence of the groups of servers, he is unable to identify how much electricity is used by the miners. Solis says, “It is noisy, though,” and “Compared to the other servers, it’s very noisy.”

It is a machine with two particular boards with fans that rotate at 54,00 – 7000 per minute revolution.  Solis is not the only one person who interesting in bitcoin hobby mining.

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What Are Some Top-Notch Bitcoin Debit Cards?

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Some Top-Notch Bitcoin Debit Cards

Bitcoin debit card is a handy way to bridge the gap between the world of bitcoin and traditional financing. The users can buy bitcoin with debit card or load it with bitcoins; which they can later spend at places/stores that accept credit card.

A downside of bitcoin debit card is that the users can’t spend bitcoins directly. However, it does allow them to store balance in bitcoin.

For those asking what are some top-notch Bitcoin cards and how to make Bitcoin transactions through a debit card, this post is the perfect place to be at. Here we have discussed some top-notch debit cards that you can use to make bitcoin transactions. So, let’s get started with knowing how bitcoin debit cards work.

SpectroCoin Visa Debit Card:

A prepaid Bitcoin debit card. SpectroCoin can be used at any ATM across the world. The card is funded instantly so the users don’t have to worry about exchanging bitcoins in advance.

Some highlights of SpectorCoin are:

  • All the franchises that accept Visa/Master card as a form of payment also accept SpectroCoin. This includes physical shops, ATMs, PayPal, online sites, etc.
  • Available in both virtual and physical form. Virtual cards take only a few seconds to create and can be used to spend bitcoins anywhere around the globe. On the other hand, physical ones take up to 1-4 weeks. These cards can also be used to pay with bitcoins throughout the world.
  • SpectroCoin cards can be instantly loaded from SpectroCoin wallets.

Xapo Debit Card:

Xapo was one of the first debit cards introduced to the market. However, it has yet to make an appearance in the US markets and is currently available only in European countries.

The card takes up to 1-4 weeks to be delivered with the initial cost of $20 and an annual fee of $12.

Coinbase / Shift Card:

Shift is the first bitcoin debit card available to the residents of the US. Using shift card costs no money. However, the purchase price of Shift card is $10.

BitPay Visa Debit Card:

The only Bitcoin debit card that is available in all 50 US states. BitPay costs $9.95 to purchase and takes around 10 days to arrive.

BitPay can be used in person, online and ATMs that accept Visa card.

Cryptopay Debit Card:

The most established bitcoin debit card with 23000 cards already issued. The card is pretty simple to use and allows users to spend bitcoins anywhere around the globe.

The card can be purchased both online and offline and is issued in two forms – virtual and physical.

One of the paramount benefits of Cryptopay is that it doesn’t require the users to provide personal information – giving them complete anonymity to make transactions. Bitcoin users dig this!

Costs range between £15.00, €15.00, $15.00 and £2.50, €2.50, $2.50 depending on user’s location.

Conclusion:

These are some most reliable and widely used bitcoin debit cards to make bitcoin transaction(s). All the cards are pretty easy to purchase, cost extremely low and make bitcoin transactions easier than ever. You can also find more information on their official websites.

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