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Bitcoin Investor Gives $86million Worth Of Bitcoins To Charity

A Bitcoin tycoon, or whale as they are known in the business, has promised to give away most of their fortune to charities. The benefactor, who has decided to remain anonymous announced plans on Reddit, and has since launched a website called the Pineapple Fund, which will document his endeavour. The generous investor wrote; “I remember starting at Bitcoin a few years ago (…) Bitcoin has changed my life, and I have far more money than I can ever spend. My aims, goals and motivations in life have nothing to do with have XX million or being the mega rich....

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Japan Firm Joins Bitcoin Payment Clan

A company from Japan is set to start paying a part of its employees’ wages in Bitcoin. The company aims to gain a better understanding of the digital currency, claimed a spokeswoman on Friday. GMO Internet, which runs a number of web-related businesses such as finance, online advertising and internet infrastructure, will begin paying employees up to 100,000 yen ($890) monthly through Bitcoin. This is expected to commence from February next year. "Employees can receive salaries by Bitcoin if they want to," company spokeswoman Harumi Ishii told AFP. "We hope to improve our own literacy of virtual currency by actually...

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Daily Déjà vu Warning From Andrew Bailey

Another British leading financial regulator has sent a serious warning to all Bitcoin buyers (Which seems to scare no one) The chief executive of the Financial Conduct Authority (FCA) Andrew Bailey, told BBC “Newsnight” on Thursday, 14 December 2017 "If you want to invest in Bitcoin, be prepared to lose all your money." He said, “a lack of backing from governments and central banks for the world's most popular digital currency was evidence that putting money into Bitcoin was not a secure investment. He also said buying Bitcoin was akin to gambling because it had the same level of risk.”...

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EBay May Introduce Bitcoin

Bitcoin has soared in popularity in the past week, but when it comes to spending your cryptocurrency there are very few merchants who accept it. This could be about to change though, as it seems that EBay is considering welcoming Bitcoin to it’s platform.  Despite being very well known for its PayPal payments, the online auction site has started adding more and more payment options in recent months. Although they were still keen for people to use PayPal to avoid potential scammers.  Despite its previous rocky relationship with cryptocurrency, the situation could now change. It is already possible to buy...

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Bridging The Gap Between Cryptocurrencies And Institutional Investment

The launch of Bitcoin on the Chicago CBOE Futures Exchange earlier on in the week, showed that cryptocurrencies are increasing legitimately among the professional investment community. The move followed announcements from Nasdaq, which is the world’s second largest exchange that they too will offer similar crypto derivatives. Most of the traditional investment world is incredibly sceptical about cryptocurrencies, with many believing that they concept and venture will fail. In a recent interview, Lloyd Blankfein, who is Chairman and CEO of Goldman Sachs said Bitcoin would not work out thanks to its fluctuating value. Institutional investors on the whole do not...

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