Tag Archive | "Bitcoin"

Crypto Expert: Bitcoin is More of a Collectible

The co-founder of crypto security firm BlaKFX says that Bitcoin was a great proof of concept and will be around for a long time, but it’s more of a collectible. “You need to have common liquidity pools,” says Kara Coppa, BlaKFX co-founder, and COO. “If you can’t move your money from fiat to crypto and move it into ecommerce to purchase something it’s really useless.”

Kara Coppa, BlaKFX co-founder, and COO, discussed the cryptocurrency and her companies efforts to ensure its security in an interview on Fox Business:

The Biggest Heist in World History

We all thought Bitcoin was going crazy, but cybersecurity issues were a big problem this year. There was $ 1 billion lost in 2018, the biggest heist in world history, in humanity. There are a lot of issues with blockchain, it is a new technology. However, BlaKFX has uncovered many issues and we have 18 plus patents pending, lots of solutions to fix all those problems and make it secure.

We are working with the governments right now, especially in Malta where Blockchain Island is. We are helping them to create cybersecurity regulations to ensure that there is no theft and to make sure that we can move forward with this as a currency in the future.

As we see more asset-backed tokens, tokenizing highways, buildings, sports teams, and fractionalizing different types of assets to so that others can get involved, it can go mainstream but it has to be secure.

Governments Coming on Board with Cryptocurrencies

I think in 2019 we will see governments start to come on board and launch their own cyrptocurrencies. Dubai for example, by 2020, their initiative is to have their entrie government on blockchain.

Once you do make it secure you don’t have to have it annonomous. You can have governments part of that bigger picture. When you bring in banks and governments into this cutting-edge technology it goes a long way. I think that is also another prediction for 2019, we will see a lot of alliances.

We will see the government sector coming in together, different exchanges and cybersecurity companies coming together to make it a better, tighter technology.

Bitcoin is More of a Collectible

I think Bitcoin was a great proof of concept and I think it will be around for a long time, but it’s more of a collectible if you well. You need to have common liquidity pools. If you can’t move your money from fiat to crypto and move it into ecommerce to purchase something it’s really useless.

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Crypto Expert: Bitcoin is More of a Collectible

The co-founder of crypto security firm BlaKFX says that Bitcoin was a great proof of concept and will be around for a long time, but it’s more of a collectible. “You need to have common liquidity pools,” says Kara Coppa, BlaKFX co-founder, and COO. “If you can’t move your money from fiat to crypto and move it into ecommerce to purchase something it’s really useless.”

Kara Coppa, BlaKFX co-founder, and COO, discussed the cryptocurrency and her companies efforts to ensure its security in an interview on Fox Business:

The Biggest Heist in World History

We all thought Bitcoin was going crazy, but cybersecurity issues were a big problem this year. There was $ 1 billion lost in 2018, the biggest heist in world history, in humanity. There are a lot of issues with blockchain, it is a new technology. However, BlaKFX has uncovered many issues and we have 18 plus patents pending, lots of solutions to fix all those problems and make it secure.

We are working with the governments right now, especially in Malta where Blockchain Island is. We are helping them to create cybersecurity regulations to ensure that there is no theft and to make sure that we can move forward with this as a currency in the future.

As we see more asset-backed tokens, tokenizing highways, buildings, sports teams, and fractionalizing different types of assets to so that others can get involved, it can go mainstream but it has to be secure.

Governments Coming on Board with Cryptocurrencies

I think in 2019 we will see governments start to come on board and launch their own cyrptocurrencies. Dubai for example, by 2020, their initiative is to have their entrie government on blockchain.

Once you do make it secure you don’t have to have it annonomous. You can have governments part of that bigger picture. When you bring in banks and governments into this cutting-edge technology it goes a long way. I think that is also another prediction for 2019, we will see a lot of alliances.

We will see the government sector coming in together, different exchanges and cybersecurity companies coming together to make it a better, tighter technology.

Bitcoin is More of a Collectible

I think Bitcoin was a great proof of concept and I think it will be around for a long time, but it’s more of a collectible if you well. You need to have common liquidity pools. If you can’t move your money from fiat to crypto and move it into ecommerce to purchase something it’s really useless.

The post Crypto Expert: Bitcoin is More of a Collectible appeared first on WebProNews.

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Blockchain the Technology is Overhyped, but Not Bitcoin

If you’re not very confident in global stability you should be long on Bitcoin says tech mogul Geoff Lewis. He says blockchain the technology continues to be somewhat overhyped, but at this point, he thinks bitcoins are probably relatively underhyped.

Geoff Lewis, the founder of Bedrock Capital and an early tech investor in many companies including Lyft, recently discussed the future of Bitcoin and more on CNBC:

Blockchain the Technology is Overhyped

With blockchain, you’ve got to distinguish between blockchain the technology and then the currencies themselves. Blockchain the technology continues to be somewhat overhyped.

There just are lots of scalability challenges to be figured out there. On the currency side, I would say at this time last year it’s extraordinarily overhyped.

Bitcoins Are Probably Relatively Underhyped

I remember around this time last year I had an electrician in my house and he was telling me about how to become a Bitcoin millionaire. Bitcoin was around $ 20,000 and he was a Bitcoin multi-millionaire. At this point, I think bitcoins are probably relatively underhyped.

If you think a year ago versus today, I personally have less confidence in global governments, less confidence that we’re going to be in a stable long-term global future. If you’re not very confident in global stability you should be long on Bitcoin.

Top image is screenshot from Bitcoin.org video.

The post Blockchain the Technology is Overhyped, but Not Bitcoin appeared first on WebProNews.


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From Buying Property, To Angel Investing, Bitcoin, Ethereum And Index Funds — This Is How I Invest My Money

[ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] Welcome to the fourth ‘Solo Session’ episode of the EJ Podcast, where today I break down how I have invested money over the years. Investing is not something I spent a lot of time on for most of my life for one […]

The post From Buying Property, To Angel Investing, Bitcoin, Ethereum And Index Funds — This Is How I Invest My Money appeared first on Yaro.Blog.

Entrepreneurs-Journey.com by Yaro Starak

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Bitcoin or Business?

I’ve made a lot of money this past year from cryptocurrencies. It has not taken any skill whatsoever to do this. However, it has taken timing… and capital. I had to have money available, money I could afford to lose, and I had to invest this money during a speculative…

The post Bitcoin or Business? appeared first on Yaro.blog.

Entrepreneurs-Journey.com by Yaro Starak

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Bitcoin or Business?

I’ve made a lot of money this past year from cryptocurrencies. It has not taken any skill whatsoever to do this. However, it has taken timing… and capital. I had to have money available, money I could afford to lose, and I had to invest this money during a speculative…

The post Bitcoin or Business? appeared first on Entrepreneurs-Journey.com.

Entrepreneurs-Journey.com by Yaro Starak

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From Buying Property, To Angel Investing, Bitcoin, Ethereum And Index Funds — This Is How I Invest My Money

[ Download MP3 | Transcript | iTunes | Soundcloud | Raw RSS ] Welcome to the fourth ‘Solo Session’ episode of the EJ Podcast, where today I break down how I have invested money over the years. Investing is not something I spent a lot of time on for most…

The post From Buying Property, To Angel Investing, Bitcoin, Ethereum And Index Funds — This Is How I Invest My Money appeared first on Entrepreneurs-Journey.com.

Entrepreneurs-Journey.com by Yaro Starak

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Virgin Galactic Accepting Bitcoin for Ticket to Space

CNBC reported on Friday that Sir Richard Branson has permitted his space startup, Virgin Galactic, to accept Bitcoin as fare for a flight to space.

Branson made the announcement in a blog post at Virgin. “The virtual currency has really captured the imagination recently as one of the world’s most innovative businesses looking to the future. So we think it is about time Virgin Galactic customers can choose to pay with Bitcoins.”

“I have invested in some Bitcoins myself, and find it fascinating how a whole new global currency has been created,” Branson added.

As popular as Bitcoins are now, Branson observed that their evolution followed a similar path as his company. “A few years ago many people had doubts about whether Virgin Galactic would ever get off the ground. Now we have gone supersonic,” he said. “The days of carrying cash and coins could soon be over.”

The first Bitcoin purchase of space tickets was by a flight attendant in Hawaii. As a Bitcoin enthusiast, Branson noted the woman is a successful investor in the Bitcoin market. “[She made] quite a lot of money getting into Bitcoin early on,” he said.

As a forward-looking company, Virgin seeks to embrace Bitcoin as a new form of payment and perhaps as the future of currency exchange. “Sometime in the future, innovative payment models such as Square, Clinkle and Bitcoin will become serious challengers to traditional banks, which will spur more competition and give customers even more options,” Branson wrote. “We would be delighted to welcome more of the Bitcoin community as future astronauts.”

Branson sent a tweet out before he joined CNBC anchors to discuss the change:

In the interview, Branson said, “Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And Bitcoin is doing just the same when it comes to inventing a new currency.”

[Image via YouTube]


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