‘Is It Real?’: Square CFO Speaks Out on Cash App Bitcoin Trial

'Is It Real?': Square CFO Speaks Out on Cash App Bitcoin Trial

Sarah Friar, CFO of payments firm Square,

has filled in some of the detail on why the company has launched a bitcoin pilot scheme. Revealed yesterday, Square's mobile payments product, Cash App, is now allowing a limited number of users to buy or sell bitcoin within their accounts.

Talking to CNBC, Friar explained:

"You're talking about it, it's out there, and so we want to do an experiment and say, OK, is this real? Do customers actually want to be able to do this?"

Friar noted that customers often feed back desired features in Square's products, and that some using Cash App to make payments have requested an "easy way to buy and sell bitcoin." Arguing that the fastest way to get moving with new trends is to build innovations around them, Friar said, ultimately, risks have to be taken – citing the example of early days of internet or the cloud as examples. While future developments with bitcoin are uncertain, she added, "as an innovator" Square has to give customers what they want.

Overstock finds cryptocurrency
is most popular in Alaska, with Delaware close behind

  • Overstock accepts about 50 different types of cryptocurrencies.
  • Overstock's top states by percentage of purchases in cryptocurrency are: Alaska, Delaware, Oregon, Wyoming and Hawaii
  • Because cryptocurrencies don't rely on banks it may make them more popular among libertarian-minded people, Overstock board member Jonathan Johnson






The states driving most of Overstock's purchases via cryptocurrency

aren't your typical tech havens. The top five states for cryptocurrency purchases are Alaska, Delaware, Oregon, Wyoming and Hawaii have , the company told CNBC. Overstock got this statistic by looking at the percentage of overall revenue from each state that came from cryptocurrency purchases. (Absolute cryptocurrency revenue is highest in the most populous states — California, New York, Texas, and Florida.)

Overstock began accepting its first cryptocurrency, bitcoin, in 2014. Today it allows payment from about 50 different cryptocurrencies. The company does about $300,000 worth of sales through cryptocurrency each month, said Overstock board member Jonathan Johnson. "We saw from the 2013 banking crisis is Cyprus that bitcoin was a good store of value and could act as a currency," said Johnson. "We like the pro-freedom aspect of Bitcoin." (Johnson is also the president of Overstock's Medici Ventures division which invests in blockchain technology companies.)

People paying with cryptocurrency don't buy anything drastically different from other customers. However they do tend to be male and buy twice as much as those paying with regular currency, Johnson said. Because cryptocurrency does not rely on banks or government-issued currency, it's popular among libertarians and others who distrust government intrusion and big institutions, Johnson said. It also may allow Overstock to expand in areas where many people don't have bank accounts, like Africa.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

How High Bitcoin Could Reach Before The Average Investor Sells It?

How High Bitcoin Could Reach Before The Average Investor Sells It?

How high Bitcoin prices could reach

before the average Bitcoin investor sells it? Very high, $196,165 per coin – roughly 30x the digital currency’s current value. That’s according to a just published LendEDU Bitcoin investor survey. “Believe it or not, that number and statement is true according to our polling data,” says Michael Brown Research Analyst with LendEDU. The survey included 564 Americans that invested in Bitcoin. That's a tiny sample, and therefore, the survey findings should be interpreted with extreme caution.

What will it take to reach that price? A world where Bitcoin, the “people’s currency,” will gradually replace national currencies in everyday transactions, with the help of the tech savvy younger consumers. “These investors could envision Bitcoin reaching that price with the help of time and younger consumers developing more of an affinity with virtual currencies, specifically Bitcoin,” adds Brown.

This digital world, in turn, will draw in older investors, who have yet to be sold on the idea of the Bitcoin’s potential. “As it stands today, the price of cryptocurrencies is rising rapidly yet many of the most influential, older investors are still not sold on Bitcoin and believe it will collapse,” continues Brown. “Just imagine when younger Americans develop more spending power and attempt to bring Bitcoin into the forefront of the U.S. economy? At that point, the price of Bitcoin will skyrocket.”

How long that will it take? Perhaps, a generation. “Jumping from the current price of $7,237.06 to something even remotely close to $196,165 would have to involve a generational transfer of economic power, meaning young consumers would need time to build their wealth and establish their presence in the U.S. economy to bring Bitcoin into the mainstream, much more so than it already is.”All that sounds like a day-dream that it is extremely unlikely to come true. The technology that made Bitcoin will crush it, provided that big banks and big governments don’t crush it ahead of technology, as was previously discussed here.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

I’m Really Into Blockchain. I Blockchain Everything!

I'm Really Into Blockchain.
I Blockchain Everything!

In this opinion piece, part of a weekly series of columns, Casey grapples with the inconsistencies of language in the world of blockchains and cryptocurrencies and tries to find a way to live with it all.

You can measure how long someone has been into cryptocurrencies
by how they use the word "blockchain."

My initiation came in the fall of 2013, when there was only one cryptocurrency worth talking about, which meant there was really only one blockchain. So, for me, the word had to come with the definite article: the blockchain. This was about a year and a half before "blockchain" became a generic reference carrying an indefinite article – a blockchain – and two years before it morphed into an uncountable noun: "blockchain" as a concept.  (Imagine someone saying "I'm interested in ledger" and you'll understand why this drives some of us nuts. A blockchain is a tangible thing, not a practice, a process or a field of interest.)

But thinking about the etymology of these words is more than just an academic exercise. It helps us understand the motives and interests that fuel subtle but important changes in meaning. For example, recognizing that detaching the word "bitcoin" from "blockchain" works to neuter the former helps us see how those most threatened by cryptocurrency are trying to shape the debate. By the same token (no pun intended), if you don't understand why "blockchain," expressed as an uncountable noun, means something different from "a blockchain" or "the [bitcoin] blockchain," you could fall into a trap. It means you probably don't understand the technology you're dealing with and that someone could take advantage of you.

So, when Christian Smith, a colleague from the MIT Media Lab, gave an impassioned speech last week condemning the widespread use of "the blockchain," it irked me. Not only did he dis the definite-article form on which I'd cut my cryptocurrency teeth, he happily used the uncountable noun form. To be fair, he was speaking at the MIT Legal Forum on AI & Blockchain. Perhaps I have to accept this increasingly ubiquitous usage as an unavoidable fact of life? Like taxes.

Still, Smith raised some good points. He rightly observed that there is now a plethora of distributed ledgers carrying the label "blockchain," and thus that there is no monolithic single chain to which we all must adhere. And I fully share the disdain he expressed for that aggravating phrase, "just hash it and put it on the blockchain." But to banish the definite article seemed to me to deny the word's roots. I tend to view "the blockchain" as a nod to bitcoin's catalytic role in fostering wider interest in "blockchain technology." (Pro tip: if you want to talk about "blockchain" as a field of interest, use it as a modifier to a word like "technology"; it can also modify other words, like "pedant.") We still say "the wheel" to talk about other the starting point of that world-changing invention, don't we?

Origin of 'blockchain'

Hardcore bitcoin enthusiasts, those who have been in the space from the beginning, sometimes scoff at the newfound ubiquity of the word "blockchain." Back in the day, no one really thought of the blockchain as being especially significant, other than that it described the particular transaction recording system that bitcoin used, one that happened to be arranged into a cryptographically linked chain of blocks. "Blockchain" didn’t appear in Satoshi Nakamoto's initial white paper. It has been suggested the first usage came from Satoshi's early collaborator, Hal Finney, and even then in a less iconic, two-word construction – "block chain" – which Satoshi and others later picked up and used.

Once blockchain explorers were created, allowing people to more easily search the ledger, the single word started to gain significance. No doubt, its growing popularity was helped by the fact that the most popular of those software tools belonged to the startup named Blockchain – typically expressed with its URL extension ".info" to distinguish it from the bitcoin ledger.  (One mark of the confusion around all this is now found in how Blockchain.info's original logo is frequently used in slide decks by speakers seeking to illustrate a generic technology they call "blockchain.")

Dedicated bitcoin developers still don't really talk about the blockchain as an isolated thing of any great importance. They view bitcoin as an all-encompassing technology, within which the chain-of-blocks ledger is just one part.  I personally think the blockchain deserves to be recognized on its own. It's what gives bitcoin its immutable time-stamping capacity, allowing tricks like Julian Assange's "proof of life" and it lets us forecast when each halving will occur.

It also encapsulates the principle of the "longest chain" – contested as it may be – and, when the community is divided over a contentious hard fork proposal, as it was until recently, it's the blockchain that literally manifests that division. Still, core devs have a point: it's not entirely accurate to describe the blockchain, as many do, as the "technology underpinning bitcoin." Things got confusing when Wall Street banks got interested in distributed ledgers.

They used the phrase "blockchain without bitcoin," which misleadingly suggested that blockchains were not only important but more important than cryptocurrencies – even though, without the latter, it was impossible to have the groundbreaking permissionless, fully censorship-resistant, record of transactions that bitcoin introduced. This new usage had a purpose, of course. It allowed the newcomers in suits to strip the technology of its most disruptive characteristic – the fact that no one could control it – and impose their own control over it. It was a subtle but powerful act of appropriation.

What to do about it

Should we care about this? Well, yes, and no.

As anyone with teenagers knows, language, especially English, is always evolving. And it needs to. Language imposes rules on social interaction. It constrains what we can and can't do with expression. This helps us make sense of each other, but if the rules are overly inflexible, they limit our imagination and our capacity for innovation.

There is a cultural zeitgeist underway in the "blockchain space," a Cambrian explosion of ideas. We can do our part to try to steer the evolution of the language associated with that, but preventing change and new forms of expression is as difficult as stopping biological evolution. What we must demand is awareness of why we use the words we use and why others choose theirs. (I'll begrudgingly accept "blockchain" as an uncountable noun if others will understand why my co-author Paul Vigna and I put "The Blockchain" into the title of our new book to acknowledge the technology's bitcoin-rooted history.)

With awareness hopefully comes consistency of usage. That's vital if we are to develop this technology and its applications.  We need precision in communication if we are to come together and collaborate on the same ideas. If we are at least thinking, reading and educating ourselves about such matters, we can be more accepting of the fluidity of word usages. That way, we avoid the harmful, confining effects of political correctness for blockchain. (See what I just did there.) I only have one demand: don't, whatever you do, start using "blockchain" as a verb.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

MasterCard has filed a patent on its own blockchain-based money transfer solution

MasterCard has filed a patent
on its own blockchain-based money transfer solution

In about 2014, most bitcoin companies quickly pivoted

to the “next big thing”: blockchain. Among them were the financial and fintech houses that were eager to avoid SEC scrutiny of their cryptocurrency holdings but were happy to use blockchain technology to speed up transaction times. Many of those early efforts are now apparently bearing fruit. MasterCard, for example, has just filed a patent for a “Method and System For Instantaneous Payment Using Recorded Guarantees.” This is, in short, a patent for a blockchain-like system that offers instant payment. It is not a clone, per se, but a patent that assumes that a blockchain-like ledger will be available to store and manage international transactions instantly.

The patent describes:

A method for processing a guaranteed electronic transaction, includes: storing account profile, each include an account number and balance; receiving a transaction message from an acquiring financial institution via a payment network, the message including a specific account number, transaction amount, and payment guarantee data; identifying a specific account profile that includes the specific account number; deducting the transaction amount from the account balance in the specific account profile; generating a record of payment guarantee that includes the transaction amount and data associated with the payment guarantee data; generating a return message including a response code indicating transaction approval and data associated with the generated record; transmitting the generated record to a computing system via a communication network; and transmitting the generated return message to the acquiring financial institution via the payment network.

While the abstract itself doesn’t mention blockchain, MasterCard intends to use the technology in the process, describing a step in which “the payment guarantee data stored in the third data element included in the received transaction message includes at least a blockchain network identifier and (i) a public key or (ii) a destination address, the record of payment guarantee is a blockchain transaction for payment of the transaction amount stored in the second data element included in the received transaction message to (i) the destination address or (ii) a destination address associated with the public key.

The computing system is a node in a blockchain network corresponding to the blockchain network identifier.” That’s definitely a mouthful, but it basically means they’ll store a record of the transaction in some immutable form. MasterCard has explored blockchain tech before even as its CEO attacked bitcoin publicly. This tendency to cut the cryptocurrency out of a blockchain discussion is not new and it’s not stopping any time soon. Whether it works, however, is a different question.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

CoinHive Cryptocurrency Miner Is 6th Most Common Malware, Says Report

CoinHive Cryptocurrency Miner Is 6th Most Common Malware, Says Report

Cyber-security solutions provider Check Point Software

has said that the threat from cryptocurrency mining malware is rapidly growing. According to the company's latest Global Threat Impact Index report, the CoinHive variant became the sixth most-used malware in October. CoinHive – a JavaScript program that lurks unseen on websites – works by tapping the processing power of visitors' computers to mine monero.

Maya Horowitz, threat intelligence group manager at Check Point, said in a press release that the emergence of mining malware like CoinHive highlights the "need for advanced threat prevention technologies" to curb such practices and protect networks from cyber-criminals.

Horowitz added:

"Crypto mining is a new, silent, yet significant actor in the threat landscape, allowing threat actors to make significant revenues while victims' endpoints and networks suffer from latency and decreased performance."

According to the report, malware variant RoughTed (adware) topped the index, followed by Locky (ransomware) and Seamless (traffic redirection). Recently, internet domain provider Cloudflare suspended websites that ran hidden cryptocurrency miners, including that of the operator of torrent site ProxyBunker. This site was said to be running the Coinhive miner for four days prior to the suspension.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Many Exchanges for Buying Bitcoins with your Credit Card

27 Exchanges for Buying Bitcoins with Credit Card

Buying Bitcoins with a credit card – 9 exchanges reviewed
(plus a list of 18 more…)

From Coinmama's homepage you can choose how many Bitcoins you'd like to buy / sell. You can enter the price either in BTC or in USD or choose one of the offered packages. Once finished, click "buy Bitcoins" and you will be taken to the sign up page. After you fill out your initial details you will need to go through additional verification by submitting a photo ID document. Verification is usually pretty quick (it took me 1.5 hours to get verified). You can also buy up to $500 without doing the verification process. With verification you can buy $1000/daily and up to $5000/month.

Once verified you can buy Bitcoins pretty easily with your credit card through the simple interface. If you verified your address I suggest you use "Visa, Mastercard via Simplex" since it's the fastest option. If you want to continue without verification you can use the "MoneyGram" option. You can then pay the amount with your credit card on MoneyGram's website (this is applicable to US residents only).

The next step will be to enter your own Bitcoin address. Unlike other exchanges CoinMama doesn't keep your Bitcoins on their wallet (which is a good thing). This means you'll need to get a Bitcoin wallet before continuing. The last step will be to enter your payment details and place your order. Coinmama uses the services of Simplex allowing merchants to sell Bitcoins via credit cards as a payment method. I'll probably be doing a more in-depth review of Coinmama soon as it has become quite a popular method for buying Bitcoins.

Buy Bitcoins with a credit card through CEX.IO

PROS: Reputable company, high buying limits
CONS: Limited countries available, higher exchange rates
Overall rating: B+

There is an option to buy Bitcoins using your credit card at the CEX.IO bitcoin exchange. Established in 2013 as the first cloud mining provider, CEX.IO has become a multi-functional cryptocurrency exchange, trusted by over 450,000 users. CEX.io works in the United States, Europe, and some countries in South America. After opening an account just click on "Wallet" and "Fund" next to the request currency. You will then have the option to either wire transfer the money or use your credit card to get your Bitcoins instantly

Cex.io also offer instant withdrawals of USD, EUR, and RUB to payment cards.This means you can deposit and withdraw funds in and from your payment cards once they are linked to your CEX.IO profile. Withdrawal requests are processed automatically, right after their placement, and you do not need to log in to third party services. In most cases, withdrawals are processed instantly, and this will enable you to gain convenient access to withdrawn funds on your Visa/MasterCard right away.

Buy Bitcoin with a Credit Card at Coinhouse

PROS: Reputable company, high buying limits 
CONS: Limited countries available, higher exchange rates
Overall rating: B+

Coinhouse is the "House of Bitcoin" in Paris. You can buy bitcoins directly online by Visa / MasterCard or cash with Neosurf prepaid card available in most European countries. After confirming your account and confirming your identity you will be able to purchase up to 2,000 euros in bitcoin a day, to a maximum of 10,000 euros per month. The delivery of Bitcoins is immediate after confirmation of payment.

Buy Bitcoins with a credit card through Bitpanda

Pros: Multiple payment options, relatively low fees 
Cons: Fees are hidden inside the exchange rate, EU citiznes only
Overall rating: B

Bitpanda is an Austrian Start-Up Company that was founded in October 2014. The company allows you to buy Bitcoins or Ethereum with a credit card as well as with Wire transfers, Neteller, Skrill, SEPA and more. The company supplies its services to European countries only with a relatively low fee. If your account is verified the limit is 2,500€ daily (75,000€ monthly) for credit card purchases. For other options, there’s a 10,000€ daily (300,000€ monthly).

Buy Bitcoins with a credit card through Bitstamp

PROS: Great reputation, multiple payment options, accepts customer worldwide
CONS: Average fees, verification process can take a long time, not very user friendly 
Overall rating: B

Established in 2011, Bitstamp is one of the most reputable and oldest Bitcoin exchanges. The exchange is fully licensed by the Luxembourg ministry of finance. Bistamp started accepting credit card purchases recently via Simplex (the same company the supplies services to Coinmama). At the moment this service is open to most European and US citizens. 

Buy Bitcoins with a Credit Card Through VirWox

PROS: No verification needed, available worldwide 
CONS: High fees, poor support  
Overall rating: B

Virwox is a virtual currency exchange set up on late 2007 for the purpose of trading Second Life Lindens (SLL) and other virtual currencies used in online gaming. Currencies traded other than Linden Dollars include Avination’s C$, and the Open Metaverse Currency (OMC). In April 2011, VirWoX started accepting Bitcoin and basically opened a loophole for people to buy Bitcoins with Paypal by first purchasing SLL via Paypal and then converting that SLL to Bitcoins. As of writing this post the site has over 740K registered users.

Virwox's option is less intuitive and has more fees. However it is possible to get you Bitcoins within 48 using this method. Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit initially through Paypal or a credit card, here are the exact limits according to their website from April 30th 2015.

The first thing you'd want to do is go to VirWox. VirWox is a Virtual World Exchange which was originally setup to trade Second Life Lindens – a virtual currency also known as SLL. We are going to use VirWox as a mediator in order to purchase Bitcoins with a credit card since most places won't allow you to do this as I've mentioned in the beginning of the post. So After you've entered  VirWox you're going to need to sign up. There's a link on the top left that says "Not registered yet ?". Then all you need to do is to fill out your personal details. Where it says "Avatar Name" you can just leave it at "No Avatar". The Avatar is taken from the game Second Life and we don't really need to link anything here.

Once you've entered all of your information you can just click "Register". The next thing that will happen is that you will get an email from VirWox with your temporary password. I strongly advise you to change that password since you will be transferring money through this site. Once you get that email just log into VirWox with your username and password. The first thing you will need to do now is to deposit some money into your account. Just click on the "Deposit" link on the left side and go to the PayPal Express Checkout section. There you can choose how much money you would like to deposit.

Note that there is a max amount of money you can deposit, but it will go up as soon as time goes by (the exact amounts are stated on VirWox's homepage). So after you enter the amount you want to deposit just click the "PayPal" button. You will now move on to the PayPal payment page. If you have a PayPal account you can just log into it and make the payment. If however you don't have an account and want to pay with a credit card you can just click the link "Don't have a PayPal account ?". Once you click that link you can just enter your credit card information and buy deposit money to VirWox with your credit card.

After you deposit the money it will show on the top left side in VirWox on your USD balance. Now it's time to buy some Bitcoins. The first step you'd be doing is buying SLL with your USD. Just go to the SLL/USD and select how many SLL you want to buy according to the current conversion rate. In the picture above I don't have enough USD to buy SLL but if you've followed the steps correctly so far you'd see the amount of SLL you can buy with your USD. After you've bought SLL they will also show up in the top left side (you can see mine on the top left in the former picture). And now it's time to exchange these SLLs into BTC. So go to the SLL/BTC exchange and just exchange as many SLLs as you'd like.


Sometimes a manual review will be required by VirWox after this step. This can take up to 48 hours but usually takes around 6 hours. I get a lot of emails from people who sort of "panic" at this stage thinking they will never get their money back. Sit tight, and if after 48 hours nothing happens email Virwox's support (support@virwox.com).After you'll exchange them you will see the Bitcoins showing up in your account on the top left as well. The last step that's left is to withdraw the Bitcoins into our wallet. So just click on "Withdraw" on the left side and you will be able to enter a Bitcoin address that you can send your newly acquired Bitcoins to. After the transaction will be approve (this can take up to 48 hours but usually takes around 2) you will see the Bitcoins in your wallet.

Buy bitcoins with a credit card via IndaCoin

PROS: Good support, available worldwide 
CONS: High fees, not enough reputation yet  
Overall rating: B-

Indacoin is a UK based exchange which allows users worldwide to buy Bitcoins with a credit card. The minimum amount is $5 and limit for the first month is $500. After 40 days of the card using monthly limit will be increased to $ 3,000. In order to use your card you will need your 5 digit code which is on your credit card statement and to verify you phone number. The process is seems fairly simple however I have not tried this exchange out myself so I can not vouch for it.
Even though the site states that they do now charge any fees, their exchange rate is pretty high due to credit card processing. At the time of writing this post 1 Bitcoin is sold for around $297 while the Bitstamp exchange rate is $245.  Such a premium is considered high even for credit card payments.

Buy Bitcoins with a credit card through 247Excahnge

PROS: Good support, available worldwide  
CONS: Requires verification, high exchange rates 
Overall rating: B+

247Exchange has been around since 2014 and it allows you to buy Bitcoins with either a wire transfer or a credit card. The rates on the site are pretty descent but the buying process is a bit cumbersome. I recently tried to purchase Bitcoins at the exchange and had a some issues completing the transaction. The business seems to be pretty legit and has a good reputation online. The good thing about the exchange is that it shows you all fees before hand so you don't get surprised by the final charge amount as may happen sometimes with different exchanges. If all other options fail this is a good fall back for buying Bitcoins with your credit card.

Buy Bitcoins with a credit card through Bitcoin.com

PROS: Simple process 
CONS: High fees, questionable support    
Overall rating: B-

Bitcoin.com is an information website set up by Roger Ver. It aspires to be the "go to" site for everything Bitcoin related. The website recently collaborated with Simplex, the same credit card processor of Coinmama, in order to allow the purchase of Bitcoins with a credit card directly from the site.

The site takes a 2.5% service fee on top of the credit card processing fee which is 5%. Moreover, the exchange rate the site uses is around 1.5% higher than what you'd find at Bitstamp or Coinbase. The final thing to take into consideration is that it's not really clear who supports you if you buy Bitcoins on this site. There are help forums but they are for general Bitcoin subjects, and if you want to contact the company directly you'll need to go through an 8 steps questioner.  Seems like answering customer questions isn't at the top of the list here.

Buy Bitcoins with a credit card through Payza.com

PROS: Simple process 
CONS: Risk Free, No signup or maintenance fees.     
Overall rating: B

Payza.com supports credit cards, band accounts, bitcoins and much more.. It even has more flexibilty with your Payza Card. You can also use Payza to shop online or process payments on your e-commerce website. It uses an Innovative security and robust protection system. You are able to utilize the instant online money transfers. Which means that you are able to send money instantly anywhere, anytime..

How do I know which exchange to use ?

It can get kind of hard to decide which exchange is the best platform for buying your bitcoins because there are so many of them. That's why we also created our best bitcoin exchange comparison page to make the process easier for you.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Dash Cryptocurrency Builds Base After Setting Record Above $500

Dash is seeking direction after hitting new highs.

After setting a new record above $500 on Sunday, the sixth-largest cryptocurrency by market capitalization fell back to near $350 today before regaining poise above the $400 mark. As of writing, the dash-U.S. dollar (DASH/USD) exchange rate is $403. As per CoinMarketCap, the cryptocurrency is up 4.58 percent over the last 24 hours, and 48 percent in the last month.

The record rally seen over the weekend is reportedly due to the flow of money out of bitcoin and into alternative cryptocurrencies triggered by last week's suspension of the Segwit2x hard fork. Following the last-minute move to halt a controversial bitcoin upgrade, the markets saw a broad rally in the tokens of competing blockchains such as dash, bitcoin cash and others.

Also possibly driving price gains, the dash core team has announced the latest release of its software, a major upgrade that would bring a 2 MB block size and lower and transaction fees. The move may further strengthen the appeal of dash as a payment network, especially among those who believe that on-blockchain scaling will ultimately boost performance. The price chart analysis suggests the base has shifted higher to around $380 levels and that prices could revisit record highs sooner rather than later.

A Dash chart shows:

  • Prices spiked after spending a better part of the last month defending the support level of $250.
  • The 5-day MA and 10-day MA signal a strong bullish bias (slope upwards), thus dips are likely to be short-lived.
  • The rising trendline (red) is seen offering support around $325 levels and the descending trendline is likely to act as a support around $306 levels.
  • Yesterday's close was above the critical resistance of $414.

Thus, the stars seem nicely aligned in favor of the bulls. However, the relative strength index is overbought. Furthermore, the 1-hour chart below does show scope for a pullback to $350 levels.

A chart shows:

  • Bearish price RSI divergence led to a strong pullback.
  • The RSI favors further losses.
  • However, the 50-MA and 100-MA are sloping upwards, so any dips to $350 levels are likely to be short-lived.


  • A potential technical correction $350 cannot be ruled out but could be quickly reversed.
  • Given the upward sloping nature of the key moving averages, the base appears to have shifted higher to around $380 levels.
  • A nice consolidation around $380–$400 could yield a fresh rally to record highs above $500.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

The Best Way To Invest In Bitcoin?

The Best Way To Invest In Bitcoin?

Blockchain technology, bitcoin, ethereum; they’re all in the news right now

and there’s no end in sight. Some thought of this as a fad but now actual governments are staking claim to their own piece of the cryptocurrency pie. New ICO’s are popping up left and right. “Crypto Fever” is upon us and now it’s time to take full advantage

How Can Investors Profit From The Crypto Craze?

But the question now is, “How?” Some of the biggest risks right now besides the volatility within the space have a lot to do with the exchanges and massive breaches in security. To the novice crypto trader, you would presume that any exchange would be good to throw your money into but then again, the people who thought that with Bithumb got a rude awakening after tens of thousands of accounts were hacked! The biggest disadvantage right now is that many people understand the stock market but the masses still have yet to grasp the opportunity with cryptocurrencies like bitcoin or ethereum. But that may all be set to change especially with companies like

Global Blockchain Technology Corp (BLKCF),

for example. The company is taking the mystery out of the market; it has built a team of well-seasoned advocates, and is targeting some of the largest wealth drivers in the digital currency market. Unlike other “bitcoin companies,

Global Blockchain Technology Corp (BLKCF)

 is gaining direct exposure to some of the biggest booms in crypto, to date, including the booming sub-sector of initial coin offerings or “ICOs.” They’re aiming to become the world’s first publicly traded company that invests in vertically integrated originators and managers of top tier blockchains and digital currencies.

The cryptocurrency climate has seen enormous expansion since its early days: over a dozen other cryptocurrencies hold market capitalizations at or above $1 billion, while the total market cap for the space as a whole sits at well over $100 billion., This has been a major wake-up call for the fintech world and for “old school” investors alike. It now is not a matter of if but a matter of when the cryptocurrency market will reach new highs. No matter how questionable the industry is perceived, not even negative comments from big bank leaders like Jamie Dimon or threats from the Chinese government to close exchanges can stop the momentum that crypto has right now.

“The Time Is Now”

A saying we hear all to often but when you look at the landscape, it seems very relevant. Those who thought of bitcoin as just a fad back in 2009 and 2010 are kicking themselves now. Just bitcoin alone has increased from about $0.30 in 2011 to all time highs this year of nearly $6,000! Some of the biggest moves in cryptocurrency have been made very recently as well and other cryptocurrencies are following suite. Companies have now started to create their own tokens based on some of the original crypto’s like bitcoin and ethereum, in order to raise capital. This is all something that began to catch traction in 2017.

$100 In Bitcoin In 2011 Now Worth Over $1.87 Million Today!

So when we talk about the saying of “The time is now,” can you really argue with it? Beyond disruption, the actual ways that cryptocurrency can be accessed, mined, or traded, in particular blockchain technology and ICOs, are changing the landscape for businesses across the global fintech world.

Not only are these the latest trending topics across the technology sector, the global crypto-powered ecosystem is uniquely set up to reshape the way people transact business and interact in the global commercial market. I’m talking about enabling new channels to power small business growth, employee payroll networks, B2B and D2C transactions, as well as equity and debt financing. The crypto-enabled marketplace is next to turn the financial world on its head!, Many investors and consumers are already taking note — with returns upwards of 2000% alongside the additional value of investment liquidity,. Investors looking at crypto right now aren’t just geeks looking to cash in but VCs and hedge funds making their next move to build real wealth!

Global Blockchain Technology Corp (BLKCF)

has placed itself at the epicenter of this move. The company is providing investors access to a basket of holdings within the blockchain space, managed by an expert team of industry pioneers…and the best part is, you don’t need any special accounts either; it can be bought right now from an online broker, or even put in an investment account like an IRA or 401(k).

Global Blockchain Technology Corp (BLKCF)’s

basket will give investors access to blue chip crypto holdings like Bitcoin and Ethereum, access to coveted pre-ICO financing and ICO financing, and even blockchain startups, developed with the assistance of Global Blockchain’s in-house studio for decentralized application development.

It is no secret that Bitcoin exchange-traded funds (ETFs) have been struggling to receive approval from the U.S. Securities and Exchange Commission this year. But Global Blockchain has now taken the same idea of a fund and packaged it into a single security for investors who are hungry for mass exposure to cryptocurrencies!

Key Leadership With Deep Rooted Experience

Steven Nerayoff, Esq. LL.M. – Chairman
A prolific serial entrepreneur and attorney having founding six companies on both coasts, Silicon Valley and New York. He is an early pioneer and leader in the Blockchain industry and a senior advisor to Ethereum and Lisk and personally coined the terms “Gas” or “Fuel” to describe the functionality within Ethereum’s protocol.Steven advised and contributed to Ethereum from its earliest days, created the initial legal framework and co-drafted the crowdsale model which set the standard for all other crowdsales to follow.

Rik Willard – CEO
A pioneer in the Blockchain sector, he founded the Agentic Group LLC., a 51-company federation on 5 continents supporting and developing the blockchain and “Internet of Value” ecosystems through consulting, business development, industry events, and more. Clients include: The Grand Duchy of Luxembourg, The Port of Rotterdam, The Hague, MOOG, BNY Mellon, Citco, MIT Media Lab, MIT Sloane and others. Prior to the Agentic Group, Rik was the CEO of MintCombine, a global incubator and product lab for Blockchain ventures, headquartered in New York City. MintCombine was also one of the founding sponsors of the Beyond Bitcoin Expert Calling Network.

Shidan Gouran – President & COO
A serial entrepreneur who founded Nuovotel, one of the first and largest wholesale VoIP service providers of its time, Jazinga, developers of an award winning unified communications system and Home Jinni, developers of the first Android based Smart TV platform. Shidan is an investor in and advisor to a number of financial technology and blockchain startups. He mined his first Bitcoin in early 2010 and has been involved with Cryptocurrencies ever since.

Jim Rogers- Senior Advisor
Jim Rogers has a long-line of accomplishments to his resume. The author, investor, and financial commentator founded the Quantum Fund Rogers International Commodities Index (RICI), which now tracks 38 commodity futures contracts from 13 international exchanges. Mr. Rogers has authorized dozens of books on commodities and the market and is well-known for predicting the commodities “super cycle” that started around the year 2000. Mr. Rogers has openly stated in interviews that he is an advocate of fintech, so much in fact that this year he announced that he has invested in fintech bank that is set to open in Hong Kong, called ITF (“Into the Future”). Rogers also contributes frequently to ‘The Washington Post’, ‘The New York Times’, ‘Forbes’, ‘Fortune’ and ‘The Wall Street Journal’ and has served as a guest professor of fnance at the Columbia University Graduate School of Business.

Gary Rubinoff – Advisor
Gary brings almost 30 years of venture investing experience. He focuses on a broad range of opportunities including Blockchain, AI, Chatbot and Mobile Computing, and Digital Media. Past investments include Jumptap (Acquired by Millenial Media, NYSE: MM), Blinq (acquired by CCI), Sandbridge (acquired by Qualcomm NASDAQ QCOM), BridgePort (acquired by CounterPath, TSX: CCV), Service Soft (acquired by Kana Software, NASDAQ: KANA), Isolation Systems (acquired by Shiva/Intel, NASDAQ: INTC), I-star Internet (TSE IPO and acquired by PSI Net), and WescamInc. (TSE IPO: WSC).

Kyle Kemper – CSO
The Executive Director of the Blockchain Association of Canada. Mr. Kemper is a passionate visionary, connector, speaker, and problem solver with over 10 years of professional experience across many different industries. For his work in the Bitcoin and Blockchain space, Mr. Kemper has been featured on major Canadian and international radio, broadcast, and print media as well as the majority of Blockchain related media outlets.

Mannie Eager – Advisor
An internationally recognized thought leader in digital currencies and blockchain technologies. He has a legal background with an international career in investment management, financial services, telecommunications, information technologies and digital media. He is involved in several public/private sector collaborations to build awareness and advance business understanding of converging technologies such as Digital Identity Management, Crypto Currencies, Token Generated Events/Initial Coin Offerings, Mobile Communications, FinTech, AI, RoboAdvisers, Cybersecurity, IoT, Machine-to-Machine Learning, Big Data and Predictive Analytics.

Nothing Like It In The Current Marketplace, Just Look At What’s Out There!

Of course there are other public companies that have chosen to target this market but none have looked to gain exposure to cryptcurrenies in the way that Global Blockchain has. Most have looked to mining or to simply target the exchange route for a chance at a small slice of this market. Take MGT Capital (MGTI) for instance.

The company has been working to build out its footprint in bitcoin mining. In a recent press release, the company’s management said, “We have been running at breakneck speed to achieve a substantial expansion of our Bitcoin mining footprint, and it’s time for a comprehensive summary.” One big issue to this model of mining only is that it is very cash intensive. To buy the “rigs” to mine the actual cryptocurrency and to build the site for massive mainframes to be built out, not to mention the immense costs to power these facilities can be a major burden on any company.

Cash burn becomes a huge problem. Even with a projected $2million in revenue a month, MGT is expecting more than half of that to be a cost of doing businesses at an ongoing rate. Overstock.com (OSTK) has found itself wrapped into this arena through utilizing cryptocurrency for purchases on its site.  Overstock—a popular online store that sells everything from furniture to bedding—announced it will begin accepting payment via Ethereum, Litecoin, Dash, and every other major digital currency as payment from customers. But does not necessarily offer direct exposure for investors.

The bottom line is that it’s an e-commerce company and its blockchain investment is only a small part of the company’s model. Nevertheless, the crypto craze has helped boost prices of Overstock shares to new highs this year at nearly $40. What it has also helped to do is secure the future potential of cryptocurrency as a viable means for conducting real transactions for goods and services. This could be a key tipping point to further legitimize digital currencies entirely!

The fact of the matter is that many of the stocks out there that offer some kind of exposure to cryptocurrency have very limited exposure, meaning that if the price of bitcoin or other crypto’s increases, that doesn’t necessarily directly impact the company. Comparably speaking, Bitcoin Investment Trust (GBTC) is one of the only other real pure plays in the marketpace for crypto. Bitcoin Investment Trust is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenge of buying, storing, and safekeeping bitcoins. Then again, the price per share is north of $690 at the moment.

One Of The Only Pure Plays In Crypto?

Global Blockchain Technology Corp (BLKCF)

has targeted a rapidly growing niche and is directly investing in some of the world’s biggest opportunities in cryptocurrency. In fact, the company has already presented that roughly 75% of its total holdings are in some of the largest cryptocurrencies in circulation right now. The fact that not only are there very few other public companies directly involved with cryptocurrency and that most have no direct correlation to investing into actual coins suggests that sooner, not later, should be the time to find opportunity and

Global Blockchain Technology (BLKCF)

could be doing just that! Unlike novice investors into blockchain or new ICOs, the company’s focus is to invest in only tokens, which solve real problems that can benefit from decentralization:

  • Utility tokens that have strong technological fundamentals, real and substantial community currencies
  • Security tokens which would be treated as any traditional equity investment by our team and meet the same standards of evaluation and rigor of traditional securities analysis
  • Best of breed cryptocurrencies that have proven themselves for long term value
  • Seed stage equity investment in ventures that are a good fit for decentralization, the token economy and the ICO fundraising mode

Global Blockchain Technology Corp (BLKCF)

will help incubate portfolio ventures and structure all aspects of their ICO including business development, legal, marketing and blockchain technology development. What that could mean is uncapped potential for continued growth! The cryptocurrency craze may be just in its infancy and with the world eyeing the next big disruptor for the financial markets, investors are scrambling for a seat at the table. Limited exposure has meant limited opportunity for many public companies but now, Global Blockchain may be positioning for a “right place, right time” scenario.

If Global Blockchain Technology Corp (BLKCF)

sees the kind of success they anticipate there could be immense opportunity with numerous ICOs and other unique currencies for a diversified grouping of assets. Those who are looking at the company early on may be set to have the biggest advantage – even before major funds catch on! The only question you need to answer for yourself, “Is now the time to have this stock in your crypto portfolio?”Midam Ventures, LLC has been compensated $100,000.00 by a non affiliate third party for a period beginning October 20, 2017 and ending November 20, 2017 to publicly disseminate information about (BKLCF). We may buy or sell additional shares of (BKLCF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Key factors to consider before starting a cryptocurrency startup

Key factors to consider before starting
a cryptocurrency startup

The cryptocurrency world is working extremely well right now,

to the point where Bitcoin, for example, manages to achieve some amazing results. Not only that but Ethereum is extremely popular, and there are tons of other cryptocurrencies which became very important on the market as well. So, it’s clear that you can find a demand for these types of products and services. The issue is, can this sustain a business for the long term? What should you focus on when you want to create a cryptocurrency startup?

Know what you want to achieve with your startup

 Creating a proper business plan for your cryptocurrency startup and knowing what you want to achieve with it is very important. You need to see if the idea is feasible and if people will work on it or invest in it. You need to make sure that implementing this type of idea will be worth it. Studying the market and seeing if there is any demand for something like this is a good start. Having a positive attitude and analyzing the competition is very helpful in this regard. You just need to have the right amount of commitment and focus and the results can be more than satisfactory in the end. But if you do things the right way, the outcome can indeed be astonishing and your cryptocurrency startup can grow beyond belief.

Focus on ideas, not money

Basically, you need to identify a problem in the industry and use the startup as the means to solve it. You will not be able to get a good startup going as long as you don’t have the right direction. Many startup CEOs in this industry focus only on the money they can make and you want to avoid this sort of thing. Snagging an idea and executing it the right way is very important. You need to understand what your business is all about and be creative about the entire process. Sometimes this will be extremely hard and challenging to do, but the overall rewards can be more than interesting in the end. The focus right now has to be on success and prevalence. It’s important for the cryptocurrency startup to have a mission and to identify what makes it special. According to Cvetko Kovac,

CEO of Cloud Mining Report:

With the rapid adoption of Bitcoin and other cryptocurrencies there has been a huge increase in interest in Bitcoin cloud mining. Unfortunately, there are some bad actors in the space. Hence our mission to provide unbiased, in depth cloud mining reviews of the very best companies. This is our mision, and it motivates us every day to make sure we protect the hundreds of thousands of people that read our reviews

Not having any direction is just screaming for trouble and you want to avoid things like that the best you can. It’s not going to be a walk in the park but you have to innovate if you want to stay ahead of the curve.

You need to focus on funding from sources that can help you grow

Opting for the right type of cryptocurrency startup is very important. You have to study the market, especially when it comes to cloud mining  and you also need to work very hard in finding investors for your business. In the cryptocurrency world, you can see a lot of VC funding and angel investors are chiming in too. Then you also have bootstrapping, which is a very popular funding option at this time too. There are some things to adapt here and there, but the entire process is seamless right now and it works extremely well. However, companies in the US need more funding to overcome legal hassle. Bootstrapping can be great for decentralized or offshore companies and this can be extremely handy.

Hiring key people right away will help you with later hassle

 Creating a good crypto-currency startup is all about finding the right team. Finding people that will embark on this type of journey with you may seem tricky at first but there are lots of persons who believe in the success of crypto-currencies. Searching for the right team members will be very time-consuming but it will certainly be worth it in the end, and that’s the type of thing that matters the most here. What you should focus on is finding the core of your team, those few people that truly believe in your ideas with all their hearts. Those people will bring the commitment and focus that you need from this type of experience. It’s certainly a tough challenge but there are tons of well-prepared people ready to help you achieve greatness.

Unclear regulations worldwide confuse an already unstable market

 The US is striving to create laws that pertain to the cryptocurrency world but the reality is that most countries out there don’t even seem to acknowledge the existence of cryptocurrencies based on their laws. As you can imagine, something like this does tend to lead to rather problematic situations. Formal cryptocurrency companies are constrained by some of the guidelines too. The US, for example, have some rather strict laws when it comes to creating this type of startup.

Then you have some other types of businesses that are opting for a more liberal climate. What is interesting is that they do end up losing a large market but by abandoning the regulatory jurisdiction, they get to remain free and stick to their beliefs. And you also have the type of cryptocurrency startup that just lives in the cloud. This is great because such companies exist on the idea of freedom, equality, a lack of censorship and prowess Basically, the focus has to be on investing the right amount of money into your ideas and making sure that you have a huge demand for your products or services. The cryptocurrency world is always evolving too so you need to be very creative and identify any means to optimize the tech as you see fit. But it can be done; you just have to use the ideas above to create the best cryptocurrency startup you can!

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Warning Signs That You’re About to Make a Big Business Mistake

Warning Signs That You’re About to Make a Big Business Mistake

‘honesty is the fastest way to prevent a mistake from turning into a failure.’

James Altucher says, ‘honesty is the fastest way

to prevent a mistake from turning into a failure.’ Well, I’ll be honest with you, mistakes hurt. Mistakes—whether yours or someone else’s—bruise your ego and stir all sorts of fears and worries within you. You start to question yourself. You wonder what will happen next and what the worst case scenario may look like.

Mistakes suck, but mistakes also play an imperative role in your growth and success. For as Einstein said, ‘A person who never made a mistake never tried anything new.’ Assuming you don’t wish to play it safe your entire life, you must accept that mistakes happen. After interviewing 163 experts, thought leaders, and all-round inspiring folk for my book, The Successful Mistake, I appreciate this more than most.

Some mistakes are unavoidable.

They are there to test and teach us. But what if I told you many of your mistakes were avoidable, and by looking in the right places, you could spot them before they happen? If I promised you such a good time, would you continue to read?


3 Warning Signs That Prevent Mistakes from Happening

Most mistakes begin small. They’re tiny little things that would barely register in your day. But because you pretend they don’t happen, disregard them, or make poor decisions on the back of them, these little mistakes grow into big mistakes, which in turn develop into life-altering failure. Certain mistakes are thrust upon you, and you cannot do much to avoid them. Yet many begin slowly, and by keeping your eyes open you can spot them before they spark to life. So if you notice any of the following, take note, for a mistake may be near.


1. You Get Complacent!

One of the biggest warning signs of all is when you grow complacent. We may enjoy the idea of an easy life, but the truth is, you need a challenge. When it comes to growing a successful business and life, this is never more true. You need to remain motivated. You need to keep pushing. Like a shark, if you’re not moving, you die. Such complacency lead to Thomas Frank’s biggest mistake of all. As he built College Info Geek while still at university, he was a busy boy indeed. Between studying, blogging, and marketing, he had little time to spare.

So as his site grew, he decided to cut back on his studies and take fewer classes. It made sense, after all, as more time spent on his business meant more chance of success. Yet with this extra unstructured time on his hands, Thomas grew complacent. Instead of growing, his business plateaued. He didn’t feel as motivated, and it wasn’t until he got this motivation back that College Info Geek continued its rise to fame.

2. You Get Stuck in your Own Head!

Although you may surround yourself with people at all times, this entrepreneurial roller coaster can be a lonely ride. It’s easy to get stuck in your own head, as you work on your ideas, your plans, and your growth. You become so fixated on your work that you shut yourself off to the rest of the world. You become blind to opportunity, mistakes, and everything else. You simply get lost in your own head, which is a dangerous place to lose yourself in.

Take John Corcoran, the co-founder of Rise 25, and a man who has built his career as a master connector. Today, John rubs shoulders with the best of the best, and has an enviable black book of contacts that most people would die for. Yet rewind to when he first started his business, and his days told a different picture. You see, despite building a successful career in politics, entertainment, and the tech scene, John desired more.

So, he started his own practice and got to work.

And work he did, so hard that he went months without networking. All those relationships he had built during his successful career slipped by the wayside. He condemned himself to a lonely entrepreneurial existence and had little to show for it. He was busy, sure, but did he grow? Was he happy? No. John got stuck in his own head, and it lead to what he described as his biggest business mistake of all. This entrepreneurial roller coaster is lonely enough as it is, so don’t make matters worse by keeping yourself to yourself.

3. Everyone Around You Says ‘Yes’

Yes is a dangerous word. If all you say is yes, you’re sure to drown under work, responsibility, and commitment. Yes doesn’t provide freedom; it offers nothing but imprisonment. Yet it isn’t only when you say yes that issues arise, When you’re surrounded by a bunch of yes men, mistakes are close by. Scott Oldford experienced this as he became a well known “web guy” at a very young age. During a period when most of us plucked up the courage to ask that girl or guy to the dance, Scott made large sums of money, won prestigious awards, and built an ever-growing business.

He had everything a teenager could desire, including a group of people who told him what he wanted to hear. One yes followed after another, and soon Scott began to believe the hype—creating Scott Oldford The Monster, as he described it. Scott soon lost everything he built. He had to start from scratch. He had to figure out who Scott Oldford was. I’m happy to say he’s doing just fine today, but only after he lost track of what truly matters.

That’s what happens when you surround yourself with ‘Yes.’

So if all you hear is that simple three-letter word—either from your own mouth, or from those around you—take note, a mistake may be near. Of course, warning signs like these won’t vanquish mistakes from your life. Some are unavoidable. Some provide invaluable lessons you need to experience. But the sooner you nip these mistakes in the bud, the eaier you’ll find your road to success. I learned this from speaking to those who have been there and done it—successful folk who are at the top of their game. I encourage you not to wait until you make your own mistakes. Instead, learn from others so you can fast-track your way to the finish line (today).

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614