Crypto Bull Brian Kelly: Bitcoin Miners are Hoarding, Demand Is Rising

Crypto Bull Brian Kelly: Bitcoin Miners are Hoarding, Demand Is Rising 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Now that the bitcoin price is holding at the $8,000 level, investors are anxiously awaiting what comes next. Bitcoin’s value has expanded by 50% over the last 30 days, but the bulls are currently taking a breather and momentum appears to have stalled. Crypto fund manager Brian Kelly on CNBC provided some anecdotal evidence that the bitcoin price is only getting started, not the least of which is that miners are reportedly hoarding bitcoin rather than directing it toward total circulation, which is helping to fuel gains in…

Elon Musk Had to Snub Apple

Elon Musk Had to Snub Apple 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: When Tesla’s stock crashed below $200 this week after the company tumbled into a “code red,” many on Wall Street wondered if Elon Musk should’ve accepted Apple’s $240-a-share buyout offer from 2013. However, despite the horrendous week Tesla is having, Musk was right to stick by his guns. Elon Musk Institutes Emergency Cost-Cutting Last week, Musk admitted in a frantic internal email that Tesla is in a code-red situation. Tesla only has $2.2 billion in cash on hand, which is just enough money to last another 10 months.…

Aussie Bitcoin Miner Retrofits Govt Computers, Faces 10 Years in Prison

Aussie Bitcoin Miner Retrofits Govt Computers, Faces 10 Years in Prison 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: A man from Sydney, Australia will appear in court on Tuesday after turning a government computer into a bitcoin mining rig. He allegedly mined $9,000 worth of cryptocurrency on the modified machine. The 33-year old IT contractor allegedly tweaked the federal government computers to optimize them for bitcoin mining. If found guilty, he faces a maximum of ten years in prison. Mining bitcoin at work In the months previous, police raided the man’s house, confiscating a laptop, smartphone, employee ID cards, and various computer files. The Australian Federal…

$25,000 Bitcoin Price Next for Perma-Bull Lee after Ringing Crypto Winter Dead

$25,000 Bitcoin Price Next for Perma-Bull Lee after Ringing Crypto Winter Dead 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Fundstrat CEO Tom Lee says the ‘crypto winter’ is finally over, offering 13 solid reasons to back up his claim. According to the bitcoin perma-bull, there’s nothing but blue sky between here and his $25,000 price prediction. If he’s right, then bitcoin has bottomed for this cycle and we have now entered a bull market. Lee’s 13 signs touched on everything from technical analysis, Wall Street involvement, bitcoin metrics, and generally positive sentiment. After a disturbing pullback to ~$6,200, #Bitcoin back >$8,000 further cementing positive trend intact. As…

Bitcoin Price Boom Signals Massive Dystopian Panic Over 2019 Recession

Bitcoin Price Boom Signals Massive Dystopian Panic Over 2019 Recession 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: The sudden swell of Bitcoin’s price to $8,000 USD this year shows global recession fears are mounting. This according to Michael Hartnett, the chief investment strategist at Bank of America Merrill Lynch. Bitcoin price has doubled in 2019 but the rally is only getting started. | Source: Shutterstock Interestingly enough, Hartnett says global investors are investing in bitcoin not because they see it as a safe haven asset in times of instability but because they are seeking high-risk, high-reward investments. He argues the effect of low-interest rates since…

Apple

Apple 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: At a commencement speech at Tulane University in New Orleans, Apple CEO Tim Cook had some harsh words for the parents of Tulane’s class of ’19. During his speech at the Mercedes-Benz Superdome, Cook said: “In some important ways, my generation has failed you.” He added: “We have spent too much time debating, we have been too focused on the fight, and not focused enough on progress.” Cook made a reference to Hurricane Katrina, which devastated New Orleans in 2005: “You don’t need to look far to find…

Crypto Bulls and Bears Wrestle on What Comes Next for the Bitcoin Price

Crypto Bulls and Bears Wrestle on What Comes Next for the Bitcoin Price 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Many in the crypto community remained calm and banded together despite the steep drop in the bitcoin price on the heels of an otherwise incredibly bullish month. Bitcoin’s value was slashed by approximately $21 billion in the last 24 hours, with the BTC price currently holding above the $7,000 threshold. The declines were traced back to a mega sell order on Bitstamp exchange, either creating an opportunity for investors who missed the previous run or providing a warning before the other shoe drops. Of course, crypto bulls and…

These Two Blockchain Start-Ups Pulled an $8 Million ICO Exit Scam

These Two Blockchain Start-Ups Pulled an $8 Million ICO Exit Scam 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Two blockchain companies, JoyToken and RepuX, have been dissolved, according to UK business records. Both companies were founded and ICO-funded on the direction of the same people. A Reddit user broke down the scandal for r/CryptoCurrency, hoping someone might have more information. Andrew MacDonald’s JoyToken Winnings JoyToken was to be an “ecosystem” for gambling development. Game developers could use a toolkit and a common token to build provably-fair games. MacDonald saw this as an advantage over simply building a casino on Ethereum. The company never produced a working…

Shocking!

Shocking! 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: Bitcoin is on a tear as the price of the flagship cryptocurrency has gone supersonic in 2019. It is widely believed that bitcoin’s remarkable rally is a result of booming institutional interest in the cryptocurrency, as investors are looking for alternative asset classes to park their funds at a time when the stock market is in turmoil and the global economy is on edge. But it looks like institutional buying isn’t the only catalyst driving bitcoin’s price. The Chinese are reportedly piling into bitcoin, believing it to be…

ShapeShift CEO Erik Voorhees Wants Whole World in Crypto’s Big Tent

ShapeShift CEO Erik Voorhees Wants Whole World in Crypto’s Big Tent 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: With the bitcoin price trading above $8,000 once again, the mainstream financial media has once again taken an interest in cryptocurrencies. ShapeShift CEO and Founder Erik Voorhees was featured in an interview with Bloomberg where he confronted the bitcoin bubble debate and regulation. While the ecosystem is evolving since Voorhees first entered the space, as evidenced by regulators now participating in industry events, Voorhees isn’t uncomfortable with the direction in which it’s going. “I want crypto to be a big tent. I want the whole world to be…