#CryptoCorner: #JackDorsey Spends $10K Max on BTC Every Week, UK Survey Reveals Only 3% Have Bought Crypto, Denver to Pilot Blockchain-Bas
#CryptoCorner:
#JackDorsey Spends $10K Max on BTC Every Week, UK Survey Reveals Only 3%
Have Bought Crypto, Denver to Pilot Blockchain-Bas
March 7th #CryptoCorner sponsored by Crypto payment
tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App @GenesisBlockch
Point
Roberts, WA, Delta BC, March 7, 2019 -
Investorideas.com, a leader in crypto and blockchain investing news, in
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March 7 Crypto Corner
Jack
Dorsey Spends $10K Max on BTC Every Week, UK Survey Reveals Only 3% Have Bought
Crypto, Denver to Pilot Blockchain-Based Mobile Voting and eToro Launches
Trading and Wallet in USA
Stocks
discussed: (NYSE:TWTR) (NYSE:SQ)
Twitter (NYSE:TWTR) and
Square (NYSE:SQ) CEO
Jack Dorsey has revealed that he spends $10,000 USD a week on Bitcoin (BTC), on a
recent appearance on podcast Tales
from the Crypt. Given that $10,000 is the maximum on the
Square CashApp platform, many interpret Dorsey’s buying habits as being
bullish. A CNBC panel
dubbed Dorsey “Crypto Jack” and discussed his bullishness in the context a thaw
in the crypto market.
The UK’s Financial Conduct Authority
(FCA) published a survey looking
at ownership and attitudes towards cryptoassets in the country. What follows is
a summary of the survey’s findings:
●
Over 70%
of those surveyed haven’t heard of cryptocurrencies or didn’t know how to
define one.
●
Buying
cryptocurrencies is not very popular – we estimate that only 3% of the overall
sample having done so in the past.
●
Only 7%
of those who haven’t bought any cryptocurrencies so far would consider it in
the future.
●
Owners
of cryptocurrency tend to use their own money to buy it. None of the
respondents reported borrowing money from financial firms or friends/family.1
●
Only 8%
of all cryptocurrency owners completed ‘deep research’ before purchasing, with
16% doing no prior research.
●
Over 1
in 3 have never checked the value of their cryptocurrency since purchasing.2
●
Around
40% of cryptocurrency owners expect to hold it for 3 or more years, while half
of them report selling some or all of it already.
A press
release today reveals that Denver will be piloting
blockchain-based mobile voting in its May municipal election. The undertaking
is aimed at “active-duty military, their eligible dependents and overseas
voters using their smartphones”. The pilot is a collaboration between the City
and County of Denver, Voatz, Tusk Philanthropies, and the National
Cybersecurity Center. Nimit Sawhney, CEO and co-founder of Voatz, said:
"With this pilot program, Denver is
leading the effort to make voting more convenient, accessible and secure for
deployed military personnel and overseas US citizens. The latest developments
in smartphone hardware, encryption and blockchain technology make mobile voting
a reality. This is a significant stepping stone that I hope many other states
and cities will follow."
Israel-based social trading platform
eToro has launched crypto trading and a wallet service in the U.S., according
to a report from CoinDesk. Upon
launch, the wallet supports six cryptos: Bitcoin (BTC), Bitcoin Cash (BCH), Ether
(ETH),
Litecoin (LTC), XRP and
Stellar (XLM).
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
Crypto Corner Sponsors:
Flip™ is the creation
of Fit Pay, Inc., a leading provider of cutting edge payment technology and a
subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables
cryptocurrency holders to seamlessly exchange their cryptocurrency for US
dollars and store that value on a contactless payment device that can be used
to make purchases at millions of retail locations. https://www.fliptopay.com/
Genesis Exchange and Wallet
App by Genesis Blockchain
Technologies ( GBT)
@GenesisBlockch
GBT is a powerful cryptocurrency centralized / decentralized
exchange which will include a broad range of services and benefits from
cryptocurrency and blockchain markets development, while avoiding complications
and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the
Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
More info on the
sector:
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