He bought Bitcoin when it was valued at just $1. He was the fifth person to join the group that founded Ethereum. Now Charles Hoskinson is working on the “3rd generation cryptocurrency”, as he calls it, and wants to prove that blockchain can be the key to solving some of the world’s most critical problems.
Billionaire Bitcoin Supporter Tim Draper: the Cryptocurrency Market Will Reach $80 Trillion within 15 Years
A Bitcoin bull and billionaire investor, Tim Draper, is convinced that the cryptocurrency market will reach $80 trillion in just 15 years. This optimistic belief was made despite the fact that, at present, the crypto market cap has barely reached $200 billion.
Cryptocurrencies are gaining more and more popularity at global level. So much so, that a recent survey conducted by an Australian HR startup, ChronoBank, among crypto enthusiasts found that 66% of them would like to receive their salaries in Bitcoin. Also, 83% of them would prefer receiving various bonuses in cryptocurrency, and more than half of all respondents are assured that payments in crypto would positively affect the economic growth of countries.
The success of any charity organization depends on its image among the general public. Confidence that donated funds are actually used to do good and help vulnerable social categories is the key to a charity’s ability to collect money. And this has been a serious problem for Chinese charities recently. But, government officials have come up with an idea to improve transparency and confidence in the way charities collect and use funds: blockchain technology.
The week in crypto
“When the going gets tough, the tough turn bearish,” said reporter Tessa Dempster in her review of the week.
“That seems to be the case for ether’s Vitalik Butarin this week, given ether’s year price low and congested chains.”
The cryptocurrency market will outgrow its early-stage status and experience a tremendous growth. This is the belief expressed by Joseph Lubin, one of the co-founders of Ethereum, during an interview for CNN Money. This statement comes as a contradiction to the opinion expressed by Vitalik Buterin, the other co-founder of Ethereum.
India’s reserve bank may be launching a new cryptocurrency, while the country’s biggest exchange has started refunding users’ money. What has motivated these changes? And what does this mean for the future of cryptocurrency in India?
The Reserve Bank of India (RBI) may be preparing to launch a new cryptocurrency, according to sources speaking anonymously to The Economic Times.
SEC-registered broker-dealer and investment advisor, SharesPost, has announced the results of its mid-year survey on cryptocurrency and blockchain. The responses were collected from nearly 2,500 private consumers and over 500 accredited individual and institutional investors. Their responses indicate that consumers maintain a bullish attitude regarding the future of cryptocurrency and blockchain, while investors are cautiously optimistic.
Cryptocurrency has found an unlikely promoter – a team of cyclists who will ride across the United States to make people aware of the role of digital currencies in the future of finance. At the same time, the cyclists, who titled their endeavour Tour de Crypto, will attempt to raise funds in cryptocurrency for a non-profit organisation fighting against domestic and sexual abuse of women.
Singapore-based cryptocurrency exchange KuCoin has confirmed a significant investment in Bitcoin Australia as both businesses plan overseas expansion of their brands.
Speaking to The Australian Financial Review, Bitcoin Australia CEO Rupert Hackett expressed confidence in the companies’ complementary visions.