Cypherpunks Taiwan Successfully Erects Another Bitcoin Satellite Receiver

Cypherpunks Taiwan Successfully Erects Another Bitcoin Satellite Receiver 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

According to a report out of Blocktempo, Cypherpunks Taiwan has successfully erected another Bitcoin satellite receiver. The island nation is apparently only the second country in Asia to do so after Japan pipped it to the post last year. This setup takes advantage of the controversial Blockstream satellite project that CCN previously reported on. Even though China dominates in the Bitcoin mining arena it has a zero-tolerance policy towards the erection of such devices. And as Andreas Antonopolous clearly explains, this is exactly the scenario in which they may become…

Investors Inexplicably Keep Throwing Cash at Elon Musk

Investors Inexplicably Keep Throwing Cash at Elon Musk 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Just a day after Tesla reported a $408 million loss, more cash burn, and ridiculous delivery estimates, Elon Musk demonstrated once and for all why he either should leave or sell Tesla. The last straw? He announced an outside investment of $120 million in his Boring Company. Elon Musk Distracted by Boring Company Why is Elon Musk using Tesla shareholder time on The Boring Company and SpaceX? And why aren’t those shareholders complaining? Even worse, guess where that $120 million partially came from? Steve Jurvetson, who has a seat on…

US SEC Gives Crypto Gaming Firm the Go-Ahead on ‘Quarters’ Token

US SEC Gives Crypto Gaming Firm the Go-Ahead on ‘Quarters’ Token 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The United States Securities and Exchange Commission (SEC) has cleared a crypto gaming company to issue blockchain tokens without registration, deeming the tokens to not be securities. The SEC published its determination on July 25 via the commission’s website, as a reply to an apparent inquiry from the company Pocketful of Quarters (PoQ) on its proposed “Quarters” tokens. Jonathan Ingram, the chief legal advisor of the SEC’s FinHub division wrote: “Based on the facts presented, the Division will not recommend enforcement action to the Commission if, in reliance on your…

Bitcoin Could Reclaim Its Peak, Hit $20,000 by Year-End: Novogratz

Bitcoin Could Reclaim Its Peak, Hit $20,000 by Year-End: Novogratz 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Some in the crypto community were left wondering if Michael Novogratz was still bullish on bitcoin after he recently took some bitcoin profits and kicked himself for not taking more. Being the astute trader that he is, Novogratz was just looking to buy back in at lower levels, an opportunity that doesn’t come around every day. Turns out the Galaxy Digital CEO knew exactly what he was doing, and now he’s feeling bullish once again. After accurately predicting a period of consolidation for BTC and a range of roughly $10,000…

African Country Turns to Blockchain to Stem Deadly Fake Drug Epidemic

African Country Turns to Blockchain to Stem Deadly Fake Drug Epidemic 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Uganda, an African country where thousands are dying each year due to counterfeit medicine, wants to put an end to its fake drugs epidemic by utilizing the blockchain. Putting an End to a Deadly Disease Fake drug counterfeiters cause as many as 158,000 people to die in sub-Saharan Africa each year in a $200 billion worldwide market. They produce look-alike medicine that contains little-to-no active ingredients as well as harmful elements, WeeTracker reported. Africa is more exposed to the counterfeit drugs epidemic than other continents as it lacks the technical…

Chargers Star Russell Okung Is Pumping Bitcoin at NFL Training Camp

Chargers Star Russell Okung Is Pumping Bitcoin at NFL Training Camp 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Russell Okung is prepping his team for the NFL season the best way he knows: by talking about bitcoin. The two-time pro-bowler tweeted out today that the first conversation of the San Diego Chargers training camp revolved around the flagship cryptocurrency.  First @NFL training camp conversation: Bitcoin. 🤷🏾‍♂️ — Russell Okung 🇳🇬 (@RussellOkung) July 24, 2019   The tweet kicked off an active thread that inspired some crypto mainstays to chime in. Anthony Pompliano, the co-founder of Morgan Creek Digital and incessant crypto bull, responded with fire emojis.  🔥🔥🔥🔥🔥🔥🔥 —…

Stock Futures Slump As DOJ Beefs Up Its Big Tech Antitrust Probe

Stock Futures Slump As DOJ Beefs Up Its Big Tech Antitrust Probe 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The stock market enjoyed a powerful rally Tuesday on renewed hopes of a trade deal between China and the United States. But that optimism gave way to a fresh round of selling after the stock market closed. That’s because, as the Wall Street Journal reported, the Justice Department is opening a broad antitrust inquiry into the big tech companies. Big tech under pressure after hours with the DOJ announcing a new antitrust review of the biggest players. Here’s what @LoupVentures‘ Gene Munster says is ahead for $FB $AMZN $AAPL $NFLX…

German Regulator Greenlights $280 Million Ethereum Real Estate Bond

German Regulator Greenlights $280 Million Ethereum Real Estate Bond 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The German Federal Financial Supervisory Authority (BaFin) approved an Ethereum-based real estate bond of security issuance firm Fundament Group. The company announced the news in a press release shared with Cointelegraph on July 23.  Regulated real estate bonds on the Ethereum blockchain The given bond backed by a portfolio of properties in major German cities with an issued volume of 250 million euros ($280 million). The firm’s solution reportedly leverages standardized and regulated financial instruments to build a real estate-backed asset that can be traded worldwide independently of banks. Providing…

Tesla Warning Ahead of Q2 Earnings as Analyst Downgrades Stock

Tesla Warning Ahead of Q2 Earnings as Analyst Downgrades Stock 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Tesla earnings are almost here and the electric vehicle maker’s stock has been dealt another blow. Roth Capital Partners has downgraded Tesla stock from buy to hold, as analyst Craig Irwin believes that the current risk-reward ratio seems “well balanced at current levels.” Irwin told MarketWatch that Tesla is on a “viable path for meeting at least the low end” of its 2019 guidance range for 360,000 to 400,000 deliveries. But the fact that the analyst has still cut his rating on Tesla stock indicates that he sees something amiss.…

Crypto Market Leaders Differ on Pace of Inst Adoption. Who's Right?

Crypto Market Leaders Differ on Pace of Inst Adoption. Who's Right? 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin is in the midst of a tremendous run that saw the crypto rise from $3,693.85 in January 2019 to as high as $13,880 in June. That’s an increase of over 275 percent in just six months. Many investors assume that institutional money has finally arrived and these big financial firms are the ones powering the leading cryptocurrency’s ascent. However, Binance CEO Changpeng Zhao, popularly known as CZ, believes otherwise. In a recent interview with Bloomberg, the chief executive of the world’s largest cryptocurrency exchange by volume says that institutional…