German Regulator Greenlights $280 Million Ethereum Real Estate Bond

German Regulator Greenlights $280 Million Ethereum Real Estate Bond 1  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…

BTC Outflow on BitMEX Exceeded Inflow by $73M: TokenAnalyst

BTC Outflow on BitMEX Exceeded Inflow by $73M: TokenAnalyst 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin (BTC) outflows on major crypto exchange BitMEX have notably exceeded the inflows after the firm was reported to be a subject in a regulatory investigation. Bitcoin outflows on BitMEX exceeded inflows by $73 million Over the past 24 hours, BitMEX saw an outflow of $83 million worth of Bitcoin, while only $12 million came in, London-based blockchain data provider TokenAnalyst reported in a tweet on July 19. 24-hour on-chain Bitcoin flows on major exchanges. Courtesy of: TokenAnalyst Twitter While such a discrepancy appears to be abnormal in comparison with…

Top-5 Crypto Tokens Pronounced ‘Dead’ — NEM and BCC Head the List

Top-5 Crypto Tokens Pronounced 'Dead' — NEM and BCC Head the List 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

In 2017, the cost of Bitcoin (BTC) reached almost $20,000, and in December 2018, its rate fell to $3,187 per token. Nevertheless, it is a solid price movement for a currency, which was created from nothing about 10 years ago. Bitcoin still dominates the portfolios of most crypto investors and is by far the most popular cryptocurrency, meaning its price is less prone to drops than the rest of the market.This is also indicated by the CoinMarketCap dominance chart. But what about the rest of the cryptocurrencies that have appeared…

Binance Expands Fiat Trading Pairs for Singapore Exchange

Binance Expands Fiat Trading Pairs for Singapore Exchange 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Major cryptocurrency exchange Binance announced the expansion of its fiat-enabled trading platform in Singapore in a press release shared with Cointelegraph on July 10. Binance Singapore has been first launched in April, but with limited functionalities and only one trading pair. Now, Binance Singapore will now allow users to buy and sell cryptocurrency for Singapore dollars. Currently, local users can buy Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) on the platform, with more crypto coming in the future. The platform reportedly allows for instantaneous deposits and withdrawals via the…

Blockchain Firm Near Raises $12M From Coinbase Ventures, Xpring and Others

Blockchain Firm Near Raises $12M From Coinbase Ventures, Xpring and Others 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

American blockchain firm Near has raised over $12 million in its Series A round from a range of high-profile investors, including Coinbase Ventures and Pantera, the Block reported on July 10. Near — a startup that develops a public, proof-of-stake (PoS) blockchain focused on usability and scalability — has secured $12.1 million from industry players such as Coinbase Ventures, the investment arm of crypto exchange Coinbase, investment firm Pantera Capital, crypto hedge fund Multicoin, and Ripple’s developer ecosystem project Xpring, among others. Unlike an initial coin offering-like approach, Near decided…

Why Traders Believe Altcoins Are Overpriced

Why Traders Believe Altcoins Are Overpriced 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The cryptocurrency community is no stranger to accusations of crypto being a bubble. As far back as 2014, media pundits were referring to the bursting of the Bitcoin (BTC) bubble, with a Financial Times article from September of that year even containing the ill-fated prediction, “We’re going to stick our neck out at this stage and call this the end of Bitcoin.” Well, Bitcoin certainly didn’t end in 2014, but this hasn’t stopped other experts and commentators from throwing the word “bubble” around with gleeful abandon in the half-decade since…

Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t

Cuba ‘Studying Cryptocurrency’ to Dodge US Sanctions, Says Gov’t 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3. In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms.  Cuba has felt a severe knock-on effect from the crisis in Venezuela, which was previously a major source of aid.  “We are studying the potential use of cryptocurrency… in our national and international commercial transactions, and we are…

$515 Million in Bitcoin Spent on Illicit Activity This Year Representing 1% of Total BTC Activity

$515 Million in Bitcoin Spent on Illicit Activity This Year Representing 1% of Total BTC Activity 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Recent research by Chainanalysis suggests that the amount of bitcoin (BTC) spent on illegal transactions this year could hit a record high of $1 billion, even as the ratio of illegal to legal transactions is shrinking, according to a report by Bloomberg on July 1. As per the report, the total flat value of BTC spent on illegal activity so far this year is thought to be $515 million. The research suggests that by the end of the year, this figure will double to reach $1 billion. However, the amount…

Daily Ethereum Transactions Exceed One Million, a First Since May 2018

Daily Ethereum Transactions Exceed One Million, a First Since May 2018 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Daily transactions registered on the Ethereum (ETH) network exceeded one million yesterday, June 28, for the first time since May 2018, according to data reported by leading Ethereum block explorer Etherscan. Per Etherscan data, on June 28 there were 1,004,170 transactions confirmed on the Ethereum blockchain. Before yesterday, the last time the Ethereum chain registered over one million daily transactions was in May 2018. Nonetheless, the current level is still notably lower than the 1,349,890 daily transactions peak registered on January 4 last year. The on-chain transaction value of Ethereum…