Frank Chaparro, provided by Published 11:57 am, Tuesday, May 22, 2018 @floydmayweather Bitcoin may be down 40% year-to-date, but crypto developers are making out like bandits. Some firms are offering crypto talent $1 million dollar signing bonuses, according to a Wall Street Journal report. Bitcoin may be down close to 40% since the beginning of the year, but that doesn't mean developers with expertise in the technology powering the crypto aren't making money hand-over-fist. Recommended Video: Now Playing: Bitcoin developer Jimmy Song says the cryptocurrency has lost 70% of its value before and will again. But he still believes it's a great long-term investment. Media: Cheddar TV A Wall Street Journal report found that companies are willing to pay a lot to lure crypto talent. Some are even offering new hires $1 million dollar signing bonuses, according to Dave Schwartz, the chief cryptographer at Ripple, who told The Journal pay packages "have gotten … [Read more...] about Bitcoin may be down 40% this year but crypto developers are still fetching $1 million bonuses
Bitcoin 1 million dollars
My million dollar crypto-trading fuck-ups will make you cringe
In 2015 I had roughly $90,000 to my name before I bought 11,700 Ether for roughly $0.97 each, and over a few months, accumulated 21 Bitcoin (a total investment of about $17,000). Today I have $1.2 million tucked away in retirement and traditional investment accounts, 650 Ether, and 21 Bitcoin. Now, at this point, most people say, “HOLY SH!T, You’re a millionaire!!!” Yep. Crypto made me rich. But… BUT… do the math there for a second. Ether is currently trading over $1000. Had I employed the buy-and-hold strategy, that would equate to about $11 million buckaroos today. Needless to say, I did not buy-and-hold. Here’s an account of a few mistakes I made that whittled away around $9 million trying to beat the market. One important distinction to make before we get started … These arenot the usually missed opportunities that we all experience (e.g. “Oh man, Iknew buying bitcoin in 2010 was a good idea. I messed up big time!). … [Read more...] about My million dollar crypto-trading fuck-ups will make you cringe
Intimate raises $1.1 million to enable payments for porn and sex services
Many payment services, like credit card companies, won’t go near payments for online porn or sexual services. As a result, the sex industry uses lesser-known platforms that take a huge cut. But Intimate has created a payment technology on a blockchain that the startup says will enable better trusted commerce for adult content. If that starts raising a lot of questions in your mind, then you’re on the right track. Balancing trust, safety, legality, and anonymity — all aspects of the adult industry — isn’t easy to do. It may appear seamy, but London-based Intimate believes it can bring trust and safety into sex commerce. The company is announcing today that Alphabit, a billion-dollar digital currency fund, has invested $1.1 million into Intimate’s ongoing cryptocurrency token presale. So far, Intimate has raised $5.1 million through the presale for its “open, distributed trust mechanism” for all segments of the adult industry, … [Read more...] about Intimate raises $1.1 million to enable payments for porn and sex services
Bitcoin ‘inventor’ Craig Wright faces $10 billion lawsuit for allegedly stealing business partner’s coins
For those who’ve never heard of the name Craig Wright, he’s the man that once claimed to be bitcoin inventor Satoshi Nakamoto. Now, the Australian is making headlines once again after being sued for stealing billions of dollars’ worth of bitcoin from a former business partner. The lawsuit filed in the Florida district court says Wright was involved with bitcoin from its inception alongside forensic computer analyst and author David Kleiman, though it doesn’t claim that either of them actually invented it. The pair managed to mine between 550,000 and 1,100,000 bitcoins, which was held in a company called W&K Info Defense Research LLC. Kleiman passed away in 2013 due to complications from an illness. His family has launched the suit against Wright, claiming he “perpetrated a scheme” to “seize Dave’s bitcoins.” It alleges that Wright forged and back-dated documents to show Kleiman had transferred ownership of W&K’s assets … [Read more...] about Bitcoin ‘inventor’ Craig Wright faces $10 billion lawsuit for allegedly stealing business partner’s coins
Bitcoin is going to crash and burn thanks to speculators
During the late ’90s, Silicon Valley venture capitalists and New York City investment bankers used phrases such as “monetizing eyeballs,” “stickiness,” and “B2C” to justify the ridiculous valuations of Internet companies. They claimed conventional methods were inapplicable in valuing the dot-com companies — which had no revenue — because we were entering an entirely new economy. Believing these people, and afraid to miss out on the gold rush, small-time investors, grandma and grandpa, and barbers and taxi drivers invested their life savings in companies such as Pets.com, Webvan, and eToys. The bubble burst, and they lost everything. Through a transfer of wealth in the billions of dollars from Main Street to Wall Street, VCs, unscrupulous CEOs, and bankers had effectively enriched themselves at the expense of hundreds of thousands of ordinary investors, leaving them to despair about their futures. History is repeating itself now with … [Read more...] about Bitcoin is going to crash and burn thanks to speculators