How You Can Help Repair the Notre-Dame with BTC

As you will have probably heard of the tragedy that occurred last night in France when the famous Notre-Dame Cathedral in Paris went up in flames leaving not just the nation but the world in a state of shock. Following the tragic event, French blockchain journalist Gregory Raymond has launched a Bitcoin fund to raise money for the reconstruction of the cathedral, one of the most respected and recognised landmarks in the French Capital.
Raymond is a well-known Bitcoin advocate and is the author of the #21 Millions podcast and also founded the Facebook group The Bitcoin Club.
After the fire, the French president Emmanuel Macron promised to rebuild the Notre-Dame cathedral, which lost its signature spire and roof in the fire. In nationalist support, Raymond has tweeted out a Bitcoin address under the hashtag #bitcoinnotredame.

President @EmmanuelMacron has announced a subscription to rebuild #NotreDame. Hey bitcoiners, let’s prove to the french authorities #Bitcoin can be an amazing way to send funds quickly, without border and for a good cause ! #bitcoinfornotredame 1JX3k1e1acXENqoKqaAtKKEdE9C2j4WsDB
— Grégory Raymond (@gregory_raymond) 15 April 2019
If all goes well, the government will welcome such a move but given its recent debate with the Mouvement des gilets jaunes (yellow vest) calling for economic justice, it is questionable.
The movement has even jumped on the crypto bandwagon and has got its own Gilet Jaune Coin.
At the moment though, the crypto community appears to be showing solidarity with the event, with comments on the tweet calling on bitcoins and ‘shitcoiners’ to team up and support the cause.
The tweet is gaining traction but not enough. At the time of writing, it has 151 retweets but in order to actually help out, thousands of people will need to start donating.
If you want to help out with this honourable cause to help repair one of the famous and recognised monuments across the globe, here is the Bitcoin address:
Source: Crypto Daily

BitMEX CEO Believes BTC Could Reach $50,000 in Five Years

Over the past few days, the stability of the market has finally been found and currently, it is trading sideways. A few weeks ago, Bitcoin finally surpassed the $5,000 mark and since then, it has been fluctuating from a $5,100 to $5,250 price range.
Now, the price is below the $5,200 and even though there have been a lot of attempts to get past this mark, it keeps on failing and falling back. Although this isn’t great, this isn’t a big loss for the bulls. As long as Bitcoin is above the $5,000, the market has a bullish outlook and is likely to rally with even the smallest catalyst.
A price correction from last week has seen some bearish pressure set in on the market but the sideways action over the past few days has seen this bearish pressure go down.
Arthur Hayes is the CEO of BitMEX, and over the past few months has avoided making predictions on the future price of Bitcoin. This doesn’t come as a surprise though as in his last prediction, he was off by a landslide. Despite, Bitcoin dropping below $6,000 at the time of his prediction, Hayes believes that at the end of 2018, the price of Bitcoin would surge up to $50,000. Instead, the price resided at a mere $3,500.
Now though, the CEO is taking a more conservative approach to his predictions. In a recent interview on the Venture Coinist podcast, Hayes made a short-term prediction of $10,000 for Bitcoin by the end of the year. But after this, he reverted back to his old prediction saying that in up to five years, the price of Bitcoin will hit $50,000.
One key factor that will see this long-term prediction become feasible, according to him, is the recent push by governments to abandon cash. And with digital mobile money being on the rise, people across the globe will start to discover Bitcoin and the benefits that it holds.
At the time of writing, Bitcoin is priced at $5,174 following a 1.88 percent increase over the past 24 hours.
Source: Crypto Daily

How Mobile Browsers are Pushing Crypto Adoption

Until recent years, mobile internet browsers were little more than a means to connect to the web on the go. With this, developers started implementing crypto-friendly functionality like a wallet, VPN or a dApp store. This and more, have a big boost to the simple mobile browser and changed it into a very powerful toolkit with a big range of applications.  
Mobile web browsers are subtly evolving into highly versatile tools for cryptocurrency users. During this process, they have lowered the barriers for entry for beginners by making it much easier to start owning and using cryptocurrencies.
Several software and hardware developers have been adding functionality to feature phones through infusing them with the right tools needed to browse the Web 3.0 but this has all been done under the collar, so to speak. Even though it’s still in its early stages, the progress has been made in bringing everyday usability to crypto assets is a good sign for wider adoption.
Dream Team is an esports token that can be used for payment, sponsorship and competitions prizes in the $750m gaming market. While creating use cases for the project’s token has been quite a simple process so far, getting it into the hands of its expected audience is another story. Thanks to the need of “in-browser crypto wallets, young, mobile-oriented audiences can receive and award tokens such as Dream Team’s seamlessly while streaming their favorite esports events.”
Opera’s crypto-friendly Android browser has been pivotal in driving this trend, with brave hot on its heels.
Until Opera came along though, spending cryptocurrency in-browser was mainly constrained to desktop devices with Metamask handling ETH and ERC20 tokens.
Opera took that extra step forward and introduced an in-browser VPN for users on mobile, something that is easy to activate. Similarly, the new Android update brought in crypto pairing and enabled mobile users to link their Opera cryptocurrency wallet with their desktop browser. They explained:
“With the recent improvements to our Crypto Wallet, including our efforts to dramatically simplify the acquisition of funds, we are fulfilling our goal to make Opera for Android the natural choice for stepping into blockchain technology and Web 3.0 for the first time.”
Source: Crypto Daily

How Croatia Is Pushing BTC Adoption

Bitcoin’s adoption rate is on the rise, granted it is a slow process.
Europe isn’t hiding away from cryptocurrency with Croatia and Slovenia seeing waves of use cases. Several retail shops are implementing crypto-centric payment applications within their services and offer a big variety of support coins.
The crypto payments app, Elipay has seen an influx of increased adoption and the application supports Bitcoin, Bitcoin Cash and Ethereum. As well as the native token for the platform, ELI.
The company behind Elipay is Eligma which has gone on to say, “we have reached another Elipay milestone this week – 300 locations … About one third of them are in Bitcoin City.”
In describing Bitcoin City, Eligma say it is “the result of infusing one of Central Europe’s largest and most important commercial, shopping and logistic areas, BTC City,” with cryptocurrencies and other new wave technologies.
The number of Elipay locations is always on the rise too according to the CEO of Eligma, Dejan Roljic who said:
“Elipay now covers most service and product categories: food and drinks, fashion, electronics, services, sports and leisure, entertainment, home and garden, toys and kids, pets, auto and moto, travel, adult, online stores, and other.”
Eligma is now working on expanding worldwide and is starting with Croatia. Roljic has said, after the central bank, “confirmed the legality of Elipay operating in Croatia, the localization of the system started taking place,” emphasizing that it “will actually be completed in the course of next week.” He also revealed that his company is “already in contact with ERP [Enterprise Resource Planning software] providers as well as individual merchants and service providers, so that the first integrations can be expected as early as next month.”
The CEO then went on to say, “we will initially test and adjust the expansion model. In that phase, our goal is to enter the first 20 stores … If the testing is successful and a decision is made to fully expand throughout Croatia, then we anticipate that over 200 locations could integrate Elipay by the end of the year.”
Source: Crypto Daily

Germany’s Blockchain Progress Sees New Funding

Next Big Thing AG is a German Internet of Things and blockchain company builder which has recently secured £13.5 million in a new funding round.
The news was published in a recent press release on 8th April where NGT announced that the company had successfully completed its Series A investment round which has been led by the worldwide industrial insurance giant HDI Global SE through Hannover Digital Invest with participation by the FinLab EOs VC Fund, a $100 million joint venture by fintech incubator FinLab AG and blockchain software developer
According to the press release, HDI Global has decided to invest in Next Big Thing in order to support the combination of the Internet of Things as well as blockchain technologies with a focus on machine economy.
A member of the board of management of HDI Global SE, Thomas Kuhnt has stated that HDI isn’t just investing in the project but will also actively participate in the development of new projects to expand its own knowledge and solutions.
The Next Big Thing AG was founded three years ago in 2016 and is a hub for the Internet of Things that concentrates digital expertise in 12 national hubs. The German-based company is also a member of the Digital Hub Initiative, a group of 12 national digital expertise hubs that were established by Germany’s Federal Ministry for Economic Affairs and Energy.
In other recent insurance related news, Swiss blockchain-based insurance transaction platform B3i added three new insurers and reinsurers to its group of investors within a new funding round.
B3i is a blockchain initiative formed by “Blockchain Insurance Industry Initiative”, B3i in 2018 and run by several international insurance companies including Munich Re and Swiss Re.
According to the fillings, the firm raised around $8.34 million in the form of cash while the remaining part of the sum, $7.9 million comes as converted debt.
As reported by CoinTelegraph, “The consortium purportedly intends to develop a blockchain trading platform for a value-added chain of the entire insurance industry, wherein B3i Services AG is set to implement the results in a functioning block-based trading system.”
Source: Crypto Daily

Hoskinson Talks About The Future of Cardano

The current CEO of IOHK and the co-founder of Ethereum has recently appeared as a guest on the Ivan on Tech podcast and revealed the progress of the Cardano blockchain.
Ever since IOHK released the ‘Cardano whiteboard and overview with Charles Hoskinson’ video in October 2017, the firm introduced major improvements to the platform and Hoskinson was there to give the public a better insight.
Hoskinson spoke in regards to the progress of Cardano and revealed the platform’s roadmap. Hoskinson appeared on the Ivan on Tech YouTube show on 8th April alongside Michael Payton Jones and Manuel Chakravarty the leader of the Plutus team.
The discussion entailed issues surrounding Cardano and platforms-based on functional programming languages in general. There were quite a few different topics discussed, but the most interesting thing to take away from the interview was Hoskinson’s detailed insight into Cardano and the progress that has been made on the platform.
A lot of people in the dedicated Cardano community have been waiting for Hoskinson to give an in-depth interview since IOHK, the firm tasked with managing and developing Cardano, released “Cardano whiteboard and overview with Charles Hoskinson” video in October 2017.
As reported by Crypto Slate:
“While the video helped put Cardano on the map, the project had actually been around for quite sometime before the Oct. 26 video. In the interview, Hoskinson explained that Cardano actually started back in 2015 as an aspirational project. After realizing the troubles Ethereum faced, despite the platform being technically more advanced than Bitcoin, Hoskinson set out to gather a team of developers that could solve those problems.”
Hoskinson explained Ethereum Solidty couldn’t be used across different blockchain as it couldn’t offer the three main attributes that a programming language should have, simplicity, conciseness and proof of correctness. This lead Hoskinson to consider a functional programming language as an all-encompassing solution for the problems blockchains are facing.
Aside from making it easier to deal with distributed systems, the small base of the functional code makes it easier to find out about glitches and bugs.
Source: Crypto Daily

This Could Be What Sparks The BTC Bull Run

The crypto markets have made some significant gains over the past week. Bitcoin finally breached over the $5,000 mark and the rest of the market seemed to follow in its footsteps.
So over the past week, the Bitcoin price increased by nearly six percent from $5,000 to $5,300 following an initial 20 percent gain from $4,200 to $5,000.
The short-term rally of the dominant cryptocurrency led to a quick change in the sentiment around the cryptocurrency market as it pushed other crypto assets like Litecoin and Ethereum to record large gains against the US dollar.
A general partner at Multicoin Capital and the CEO of Civic, Vinny Lingham has said that if Bitcoin is able to break above the $6,200 mark, then the potential for a bull run is very much on the table. He went on to say:
“That said, if we can break $6,200 for BTC, it will likely mark the start of another major bull run and could run hot and high, but if it’s pure speculation and other assets benefit disproportionately to value created, it’s likely not going to end well again.”
Lingham also highlighted that while Bitcoin’s price might rise significantly during bull runs, it isn’t met by a corresponding increase in adoption or fundamentals by all of the assets that followed the bull run.

This means that as the Bitcoin price rises, so does the price of other crypto’s, irrespective of value. This is a key point – Bitcoin could double overnight, but does this mean other assets should too, even if nothing has changed on their end in term of development, network etc?
— Vinny Lingham (@VinnyLingham) 10 April 2019
BTC Momentum
There are plenty of technical indicators like the 200-day moving average, 200-day simple moving average and the phenomenal moving average, which is commonly utilised by technical analyst to evaluate the long-term trend of the assets. These all suggest an overall positive price outlook for Bitcoin.
Source: Crypto Daily

Ripple’s InterLedger Protocol is Stealing the 2019 Show

Over this past week, the market has experienced some great gains but Ripple’s native token, XRP doesn’t seem to have been able to jump on the same bandwagon. Most cryptocurrencies saw gains of at least 20 percent whereas XRP reported gains of just 16 percent. Whereas this is still good when compared to the recent bear market, but it’s not on the same level to everyone else.
Despite the lack of gains, things could be getting ready to take a turn for XRP as its adoption heats up through the integration of Ripple’s InterLedger Protocol.
During the recent InterLedger Summit, it was announced that Stronghold Inc. would be implementing the first InterLedger Protocol. The integration of XRP by the financial services platform that powers cross-borders payments and foreign exchange networks is very bullish news for cryptocurrency and Ripple.
The XRP Research Center has expressed their thoughts over the excitement over the InterLedger Protocol presentation, tweeting:

The Future of @Interledger by @justmoon.2019: Adoption”The first FIAT ILP connectors are launched”.I don’t know how I overlooked this part of the presentation, but it could be a huge step forward towards interoperability w/ traditional systems and critical mass adoption.
— XRP Research Center (@XrpCenter) 7 April 2019
The InterLedger Protocol presents a connection between crypto and fiat, enabling efficient, fast and interoperable exchange between them. The new protocol is the missing factor whose interoperable nature that will speed up the adoption of not just XRP but all cryptocurrencies.
In a demonstration of the protocol, payments are explained in how they can be streamed using the InterLedger SDK Switch, Kevin Davis of Kava Labs which swapped Bitcoin, XRP and Ethereum in just seconds.
One XRP fan responded to the demonstration, and it was clear that he was blown away by the simplicity and smoothness of using InterLedger to swap XRP and ETH.

This demo was like magic. #XRP to #ETH in seconds. Completely decentralized. All using @Interledger. 🤩
— Warren Paul Anderson (@warpaul) 6 April 2019
Source: Crypto Daily

Non-Crypto Related-Figure Takes Control Of BTC Lighting Torch

The campaign for Bitcoin adoption is still well underway as Bitcoin’s Lightning Torch takes a tour around the world, changing hands from one popular person to another. The founder of Locabitcoins, Jeremias Kangas held the torch and then handed it over to the former contestant for Miss Universe, Rosa-Maria Rytti.
This is the second person outside of the crypto space to take control of the torch.
History of the torch
In January this year, the Lightning Torch relay began as just a stress test for Bitcoin’s new Lightning Network. The Lightning Network is an off-chain scalability function that will enable the Bitcoin network to increase its transaction processing speed as well as improve scalability for more of the crypto’s use cases.
When it started, the Lightning Torch passed through the social media’s of several big names in the crypto community and beyond. The objective of passing the torch around is to have every torch bearer contribute about 10,000 Satoshis to the event before they can pass it on to the next figure.
The Lightning Torch has been quite popular as it has had more than 270 bearers as of now, with only eight to go before the target total of 5 million Satoshi’s being achieved. At this stage of the relay, the network has around 7.875 nodes, 39,000 channels and a capacity of 1080 Bitcoins.
The Lightning Torch has ventured outside of the crypto space before though so this is the second time it has passed over crypto lines, so to speak. In February, Jack Dorsey (Square, Twitter) held the torch as the first person outside the community to do so. In fact, Dorsey is currently working on the Square startup and has expressed intentions to implement the Lightning Network with his system.
The money that is being raised by contributors to the Lightning Torch is all going towards helping the people suffering in Venezuela in an initiative called Bitcoin Venezuela.
Venezuela’s situation seems to be getting more intense but with the help of cryptocurrencies, things could hopefully improve in the nation.
Source: Crypto Daily

Mt. Gox Legal Head Steps Down Citing BTC Payouts Could Take Years

Mt. Gox has been an infamous exchange for many years now and the head of the biggest organised creditor group representing the former users of the failed exchange is stepping down amid what he described as a protracted legal medium that could take years to fully resolve.
The founder and coordinator of the legal side to Mt. Gox, Andy Pag sat down with CoinDesk in an interview to explain that he now believes the ongoing legal problems might hold up the crypto exchange’s civil rehabilitation process for up to two more years.
Mt. Gox Legal started around 18 months ago by Pag with the aim to advocate for the reimbursement of creditors. Last week, he first showed his opinion of the expected timeline in a private forum post which told creditors he would be stepping down from his role as the coordinator at the end of April.
At one point, Mt. Gox was the biggest cryptocurrency exchange in the world but in 2014 it filed for bankruptcy after its operators found that 850,000 Bitcoins had been stolen from its wallets. Some of the funds were recovered but the majority are still out there in the hands of some hacker, never to be seen again.
Due to a huge increase in price between 2014 and 2017, the crypto exchange went from a bankruptcy proceeding to a civil rehabilitation process that is still ongoing to this day.
Coinlab came into a partnership with the exchange in 2012 to act as the exchange’s US branch. In 2013, they sued Mt. Gox, claiming that the exchange had failed to honour the agreement and asking for $75 million.
Rather than waiting for a court system to decide whether this claim is legit or not, Pag said that he intends to sell his claim and step down from Mt. Gox legal and move on with his life.
He has said, “I’ve put my career on hold for 18 months and… It’s just a big regret that we’ve kind of been outplayed by other parties. In 2014 I had this money sitting there and it was this great big windfall and it was amazing and I had all these plans that I was going to put into place with it. It’s not losing the money that stung, it’s losing those plans and not being able to doing those things I wanted to do, and there’s a bit of a repeat here.”
Source: Crypto Daily

EOS Listed On Coinbase Pro

It’s been an exciting few weeks for the cryptocurrency space and this week doesn’t seem any different.
On Monday, Coinbase announced that they are adding EOS, Augur’s REP and MakerDAO’s MKR to its professional trading platform.
The US exchange announced that customers will be able to start depositing the tokens as of 19:00 UTC, with EOS and Augur’s REP now available in every jurisdiction that Coinbase Pro services, except New York state. MKR can be bought in all jurisdictions outside the United States.
You may already know that EOS and REP have both got Bitcoin, Euro and Dollar trading pairs but MKR can only be bought using Bitcoin or USDC, a stablecoin issued by Coinbase and Circle through a joint venture as the post said.
Users won’t be able to trade right away though and the addition of the tokens will go through four phases.
For around 12 hours after the initial announcement, customers can only transfer EOS, REP and MKR to their accounts. And then for a short period after, it will only be possible to post limit orders, which won’t be matched for one minute.
After all that, limit orders will start to match but customers won’t be able to submit market orders for ten minutes. In the end, full trading activity will open for the new tokens including, market, limit and stop orders.
Keep on Listing
Augur’s reputation token is an ERC-20 token for rewarding reporters on the online prediction markets, i.e participants who report the outcome of the events other participants bet on. The Maker token is primarily used for voting on problems that are related to MakerDAO’s stablecoin, DAI which is designed to keep its value at $1 through algorithmic supply adjustments.
In their blog, Coinbase said, “one of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time.”
It was initially announced that Coinbase was considering these three tokens amid a broader list published at the end of last year.  
Source: Crypto Daily

Will TRON Collab With Ethereum? Justin Sun Hints At Future Partnership

The founder and CEO of TRON, Justin Sun has recently claimed that he thinks the TRON ecosystem will ‘officially collaborate’ with Ethereum this year. Sun has made his comments during an interview on The Crypto Chick podcast on 6th April.
Sun specifically said that he believes, “even within this year we will see Tron even collaborate, officially collaborate, with Ethereum.” This was a response to a question on Ethereum co-founder Vitalik Buterin’s recent tweets about TRON, Sun stated that he thinks,  “competition brings a better product.” Later, he added, “I think in the future we will even collaborate with lots of Ethereum developers and also the enterprises built on Ethereum before to make the industry better.”
In addition to this, Sun also announced that a second-layer scalability solution for TRON is on the way. The CEO claims that it will increase transaction throughput by at least a 100 times and dramatically decrease fees. The solution will be launched sometime in the second quarter of this year. Sun recently sent out a tweet in regards to the solution, which has been dubbed as the Sun Network.

#TRON will release the detail of #Sun Network soon! #SUNNetwork is our layer 2 solution to achieve 100X scalability. #TRON’s dapp usage is poised to scale from the current millions to hundreds of millions after launch. GO #TRX and #BTT! #BitTorrent #BTT #TRX
— Justin Sun (@justinsuntron) 3 April 2019
During the interview with Rachel Wolfson, Sun also noted that the TRON-based version of stablecoin Tether is getting ready to launch tomorrow, April 9th. The CEO argued that the TRON-based version of the stablecoin will allow for cheaper and quicker transactions than the Bitcoin-based Omni protocol.
Furthermore, Sun highlighted that later in the year, TRON is going to introduce a “new network with a privacy option,” based on the technology used by Zcash (ZEC).
Source: Crypto Daily

eToro Analyst Believes Wall Street Could Help Boost Market

Most of you will be aware that Bitcoin had an exciting time recently. Specifically, in the last week, where the leading cryptocurrency made its way over the $5,000… finally!
The recent bull run took a lot of prices for a ride with the impact still having an impact on a lot of coins/tokens. At the time of writing, Ethereum is up by more than six percent over the past 24 hours, Stellar is seeing an increase of 2.22 percent of giving it a price $0.31.
So it seems that the bull run has a domino effect on Bitcoin futures trading and according to data released by Chicago Mercantile Exchange’s (CME), Bitcoin futures traded more than $560 million over the past week.
An analyst from eToro, Mati Greenspan pointed out that the involvement of Wall Street could have a big impact on the Bitcoin market as it stands.
Greenspan said, “even though Wall Street’s contracts are only paper, and not settled in Bitcoin, they are still a significant part of this market now.”
The recorded trade by CME’s Bitcoin futures came close to match the combined volume of the top ten exchanges which garnered around $685 million. The CME Bitcoin futures also witnessed a record trading day too when the exchange reached an all-time high of more than 20,000 contracts, which is equal to about 112 thousand Bitcoin.
This meant that even though the CME’s contracts were always settled using cash and Bitcoin didn’t necessarily change hands, the involvement of Wall Street could be seen as a vital part of the Bitcoin space.
The traded Bitcoin future contracts would be ready for trading as early as next month. According to a report released by See it Market, the markets available for trading would be the S&P 500, Nasdaq 100, Russell 2000 and the Dow.
The involvement of a major stock exchange in digital asset-derivatives like Bitcoin futures suggests the growth of crypto industry in terms of liquidity and comprehensive legitimisation of the space.
At the time of writing, Bitcoin is worth $5,224 following a 1.23 percent increase over the past 24 hours.
Source: Crypto Daily

Former Child-Actor Brock Pierce Buys Mansion with Bitcoin

Former Child Actor, Brock Pierce, whose biggest role was in the 1992 film “The Mighty Ducks” has recently purchased a $1.3 Million mansion in Amsterdam, using Bitcoin as payment. This marks the first-ever crypto-backed mortgage.
The actor-turned-crypto enthusiast used Nexo, a swiss cryptocurrency startup to aid his purchase. Nexo is a wallet which allows users to lend up to the amount of $2 million in 45 different fiat currencies within 24 hours.
The Nexo co-founder Antoni Trenchex said: “He backed the entire loan for the house with bitcoin,” and that “This was our first-ever crypto-backed mortgage.”.
Since moving away from the acting scene, Pierce now holds 95% of his Net worth in cryptocurrency and has now become a crypto entrepreneur and venture capitalist. He is also now the chairman of the Bitcoin Foundation.
Back in November 2018, Brock used $3 million worth of Bitcoin as collateral to purchase his grand Amsterdam mansion. Antoni Tenchev of Nexo announced that pierce never intended to use his Bitcoin holdings at first, but needed cash to buy the property and ended up having to use it as collateral.
“So we take that bitcoin and other digital currencies as collateral using a third-party qualified custodian to store it and give them fiat cash for it. But neither the client nor us have access to the coins.”
“For a loan of $10,000, you will need to deposit $20,000 in bitcoin. So we lend you 50 cents on the dollar.”
Being able to use his crypto holdings to borrow Fiat is extremely convenient, says Pierce. He also suggests that it “aligns with my philosophy that real estate and tokenization will be a quadrillion-dollar-market.”
The tokenization of assets like property is a rising trend, says Mike Novogratz. He also said that many companies have taken to tokenizing luxury homes in the real estate markets of Aspen, Colorado and New York.
“You’re going to see more and more of that. It’s not nearly as sexy as Web 3.0, but it’s a part of this broader movement of tokenization, digitalization in blockchain. The blockchain makes a lot possible.”
Ryan Serhant, a real estate agent from New York City says that, “With blockchain tokenization, we can remove the unruly pressure of traditional bank financing, which is much healthier for the project and all of the stakeholders,” Serhant said. “Tokenization is paving the way for a new forefront in real estate development.”
There are numerous condo buildings which are getting their own tokens now, which represent a fractional interest in the property. Due to this, owners can invest in high end property with just a small expense.
Source: Crypto Daily

More Than $1m Worth Of BTC Confiscated In Canada

On Wednesday, an alleged drug dealer named Matthew Phan was ordered by a Canadian judge to forfeit approximately $1.4 million worth of Bitcoin as part of an ongoing investigation.
Superior Court Justice Jane Kelly ordered the suspect to hand over 281.41 Bitcoin. This comes after evidence showed he had been using the digital currency to buy weapons and illegal drugs on the dark web.
The Toronto Star reported that Phan had pleaded guilty to attempting to import a gun and being in the possession of a number of illegal narcotics such as PCP, cocaine and ketamine in the December of last year.
Incredibly, Matthew disputed that he should be allowed to keep half of the Bitcoin, explaining that not all of the cryptocurrency was used for unlawful purposes. He said that he used some Bitcoin to buy and sell gold and that he also sold the asset on numerous exchanges. The judge never doubted that he traded Bitcoin, but refused to believe the evidence that the suspect gave for owning such a large amount of the currency.
She said:
“There is overwhelming evidence to suggest that Mr. Phan was using the dark markets to purchase illegal items such as firearms and silencers,” Kelly continued, “It is clear from the evidence found during searches, particularly of his condominium unit, that he was conducting a large sales operation of illegal narcotics.”
“It is a reasonable inference to draw that payment for such illegal narcotics sales was made using Bitcoin that was found in the digital wallet on Mr. Phan’s computer using the online marketplaces Evolution and Agora, which are used to buy and sell contraband,”
Astonishingly, Phan will be able to keep 7.23 BTC, which at the time of writing is worth approximately $36140.60. Despite still being suspicious, the judge was not entirely convinced that this amount was used for illicit activities.
Back in 2015, Police searched the supposed drug dealer’s computer and found 288 BTC which was worth around $65,885 at the time. This value exceeded $5 million back in late 2017.
Phan’s BTC value has increased by over $500k since the hearing in February and is still awaiting sentencing.
Source: Crypto Daily