A recently conducted study has reportedly found that 75% of millennials would be more likely to date someone who possesses knowledge about cryptocurrencies. The survey comes amid apparently increasing fascination with millenials’ views regarding cryptocurrencies.
Also Read: Kim Kardashian Receives Her First Bitcoin
Surveys Probe Millennials’ Views on Crypto
An increasing number of companies have published surveys probing the views held by millennials regarding virtual currencies.
A recent study claims to have found that “Over 75% of millennials [are] more likely to date someone knowledgeable about cryptocurrencies.” Despite the find, the survey also revealed that 12% of respondents would “rather date a non-violent felon” than “someone who has all their savings in cryptocurrency.”
Of the millennial participants, 40% indicated that they currently own cryptocurrencies, with 48% of males and 26% of females reporting to currently hold virtual currencies.
The survey also noted several “interesting items respondents have paid for with cryptocurrency,” including “a dog, a wedding, and 4 cases of Sriracha.”
1 in 10 Millennials Cash Out Crypto to Afford Down Payment on Home
At the start of the month, it was reported that a survey focusing on U.S. resident ages between 24 and 38 who indicated that they were planning to purchase a home in the next 12 months found that 10% of millennials have sold cryptocurrencies in order to finance their down payment.
A U.K. survey of millennials, crypto, and property published last month found that more than one in five (21%) of 21 to 35 year-olds see bitcoin as a better investment than real estate. “For Millennials the soaring performance of Bitcoin – followed by an almost equally profound correction – holds more intrigue than the prospect of steady growth in house prices,” the survey said.
Additionally, a recent survey of 18 to 35-year-old Canadian investors found that 40% describe cryptocurrencies as producing high returns, whilst 39% of all 18 to 34-year-old Canadians identified crypto as a high performing investment.
What is your response to the findings of the surveys being conducted into millennials’ views regarding bitcoin and cryptocurrencies? Share your thoughts in the comments section below!
Images courtesy of Shutterstock
The Bitcoin universe is vast. So is Bitcoin.com. Check our Wiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page.
The post 75% of Millennials are More Likely to Date Someone Who is Into Bitcoin appeared first on Bitcoin News.
Another day, another blockchain. This time Knotel – a coworking space rental service in Manhattan – has acquired 42Floors, a commercial real estate search engine in order to, according to founder Amol Sarva, get “access to data and technology on over 10 billion square feet of office space, driving further liquidity to Knotel’s marketplace while also accelerating its plans for a blockchain platform.”
Knotel is building the Agile HQ platform, a way to rent office space for a few hours or a few months without getting stuck in a least. The company has 1 million square feet of space in New York, San Francisco, London, and Berlin and it raised $100 million in funding. The company has more has more buildings in NY than WeWork.
“42Floors built a powerful tool to organize a dark market that hasn’t changed in a hundred years,” said Amol Sarva, CEO of Knotel. “It’s still backroom and bilateral while the rest of the world is becoming digital and standardized. This is what leads to transactions that take months to close with a dozen middlemen – no reliable information. You can buy a house faster than you can rent a floor. Partnering together will help give owners and customers what they both want: truth.”
Knotel recently launched an ICO in April. Their Knotel Koin aims to speed up real estate transactions by allowing instant settlement and allow for charge-backs and shorter rental periods. The 42Floors purchase enables the company to bring new properties onto its platform and could let non-blockchain-based contracts move to the blockchain.
Pitching a dollar-pegged token that offers cryptocurrency speculators a way to move their investments across volatile exchanges, TrustToken (the first public investment from a16z crypto) is now looking for public investments from accredited investors on CoinList.
The company’s first token is TrueUSD, a stablecoin that is redeemable one-to-one for U.S. dollars. In its first four months of trading, the speculative investors that are looking for some sort of island of security have boosted the coin’s market price to more than $85 million.
There’s a $61 million hard cap on the token allocated over three tranches at $0.12, $0.14 and $0.16 per trust token.
Other investors in TrustToken’s initial $20 million pre-sale include BlockTower Capital, Danhua Capital, GGV Capital, Jump Capital and other undisclosed investors.
As it expands its investor base to include accredited investors, the TrueUSD currency is also expanding its reach, with an agreement between the company and HitBTC to list the stablecoin as a quote currency. The TrueUSD coin can be used as a stalking horse to secure investments in Ethereum, Bitcoin, Tether, Bitcoin Cash, Litecoin, Monero, 0x and NEO, according to a statement from the company.
Every TrueUSD token is redeemable one-for-one with U.S. dollars, which the company’s founders think should open the door for more institutional investment (or speculation depending on your point of view) into the market.
Using TrueUSD’s system, dollars are held in the escrow accounts of multiple trust companies rather than in a bank account. Those accounts are verified by an independent third party that issues monthly reports on the amount of dollars held in collateral.
A buyer of TrueUSD needs to pass a know your customer and AML check and then can send dollars to one of TrueUSD’s trust company partners. Once that transaction is verified, the TrueUSD smart contract issues tokens on a one-to-one ratio before sending the tokens to a buyer. The company uses Prime Trust, a Las Vegas-based company for its financial services.
Once tokens are delivered to a wallet, those tokens can be transferred or used as payment to buy other cryptocurrencies.
“The users of this space are really the traders,” says TrustToken co-founder and chief executive Danny An. “They want a native crypto asset that’s stable. They want to be able to hedge against volatility.”
An said the company does have a broader vision than just helping traders secure speculative assets so they can come up with even more arcane financial instruments. “For the entire crypto-economy to work, a lot of people believe that a stablecoin or multiple stablecoins need to be created,” An said.
TrustToken makes money whenever its coins are minted or burned, An says. “Whenever USD is involved we take a small cut,” which is 10 basis points per transaction, he said.
Ultimately, TrustToken (like other alt-coins) wants to tokenize all real-world assets. And one of the most attractive markets for An and his co-founders is real estate. “There is $200 trillion dollars of real estate that is offline,” said An. Tokenizing those assets would create more wealth in the world overall, he said. “Assets that are not liquid are not as valuable as assets that are liquid,” An said.
It’s a far cry from the work that An and his co-founders Rafael Cosman and Stephen Kade were doing at Kernel — a company that was developing technologies to create neural interfaces between humans and machines.
“The problem with Kernel or Google Brain [where the team also spent time] was that the timelines were very long,” An said.
Millennial Living in 2018: Insights for the UK ‘Build-to-Rent’ Sector, a study in conjunction with FTI Consulting, commemorates real estate group Get Living’s 5th anniversary. Focusing on millennials, it found significant portions turning away from traditional stores of value, such as property and home ownership, in favor of crypto assets.
Millennials Turning from Traditional Investments and Toward Crypto
“For Millennials the soaring performance of Bitcoin – followed by an almost equally profound correction – holds more intrigue than the prospect of steady growth in house prices,” Get Living concludes. “This translated to 27% of male Millennials polled believing Bitcoin represents a better investment than property.”
Is this age group “in the vanguard of the new Sharing Society, where people are less interested in following in the footsteps of their home-owning parents and would rather make a fortune from Bitcoin?” asked build-to-rent advocates Get Living. The group “sought to answer these questions and a host of others about Millennials’ lifestyles in ground-breaking research carried out in cities across the UK in March and April 2018.”
That over a quarter of UK males polled, in the 3,065 universe of 21 to 35-year-olds, see crypto as favorable comports nicely with previous studies. In late March of this year, for example, “The Student Loan Report teamed with Pollfish to survey 1,000 current university students with related loan debt, asking one question: Have you ever used student loan money to invest in cryptocurrencies like Bitcoin?” these pages explained. The survey “found that 21.2 percent of current college students with student loan debt have used financial aid money to fund a cryptocurrency investment.” That study itself confirmed a late 2017 Harris Poll, finding that 27% of all millennials preferred bitcoin core (BTC) to traditional stock and bonds.
“The rollercoaster ride in value for Bitcoin has excited many Millennials, with one in five seeing it as an appealing investment proposition compared with relatively slow-moving property values,” Get Living noted. And whatever the actual macroeconomic truth of the matter, a bare majority still hold to legacy investments such as real estate. As to whether still more males, and of course their female counterparts, will continue to move into crypto (and whether this will be for the long term) is anyone’s guess and well beyond the present study’s scope.
Will more millennials move into crypto? Let us know in the comments.
Images via the Pixabay.
Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi Pulse, another original and free service from Bitcoin.com.
The post 27% of England’s Male Millennials Say Bitcoin Better Investment Than Property appeared first on Bitcoin News.
Out on the plains of East Texas, not far from Dallas, a company called TMGcore is mining crypto. The company, funded to the tune of $70 million, will be mining multiple cryptocurrencies and is using some unique technology to ensure that it doesn’t eat up an entire city’s worth of energy.
“TMGcore will be one of the first companies to utilize 3M’s Novec fluorochemical coolant at the heart of an enterprise scale cryptocurrency mining apparatus,” said CEO JD Enright. “The company’s intelligent mining system uses a Two Phase Liquid Cooling Immersion technology to dramatically decrease cooling costs by up to 90% and lets the company conduct mining operations from anywhere, including the middle of hot and muggy Texas. TMGcore also employs dynamically intelligent mining software that automatically mines the most profitable coin based on realtime market value and difficulty of access for the most profitable deployment of resources in realtime. Our technology is first-to-market and delivers a transformative approach to crypto mining that stands to fundamentally disrupt the market.”
The goal is to create mining infrastructure in the US and to prevent overseas control of the various currencies.
“Giving America a seat at the table is our #1 goal here at TMgcore. Our cooling technology and efficient mining rigs open up more regions of this country to house this type of operation,” said Enright.
The mine is housed in Plano, Texas inside a 150,000 square foot facility and is capable of a “100 megawatt live power load.” Further, the company is running custom ASIC chips increase board density and reduce mining costs significantly. In short, it will be one of the highest tech mining facilities in the world.
From the release:
The company has developed a unique use case with a fluorochemical coolant that delivers smart, safe and sustainable cooling for industrial technology operations. TMGcore will be one of the first companies to utilize this compound at the heart of an enterprise scale cryptocurrency mining apparatus. The company’s intelligent mining technology uses a Two-Phase Liquid Cooling Immersion technology to dramatically decrease cooling costs by up to 90%. The system also dynamically adapts its mining efforts toward the most profitable token at any given time, factoring in real-time market price, the difficulty of access and hash rate. TMGcore has also developed custom-made ASIC mining boards that result in a 20% increase in token output.
“Leveraging the magic of this coolant and groundbreaking mining circuitry, we saw a massive opportunity to capitalize on the nascent and highly lucrative mining industry in a physical, tangible and industrial fashion,” said Enright. “TMGcore seeks to deconstruct the mining monopoly in other countries with an American-made, U.S. driven approach that not only pushes the blockchain ecosystem forward but also creates job opportunities for Texas’ fast-growing technology community. We understand the importance of the research and development that creates not only innovations but the efficiencies that support the blockchain industry on a global scale.”
“Texas, more so than many other states in this country, has an abundant supply of energy available on their grid with available real estate to house such a project,” said Enright. “Cryptocurrency mining has not really been able to take advantage of Texas’ energy supply to date because the state is too hot. By utilizing Novec in this Two Phase Liquid Cooling Immersion technology, we have unlocked Texas’ potential to mine for the first time.”[gallery ids="1665763,1665766,1665765,1665764"]
This week three luxury apartments located in Budva, Montenegro sold for 420 BTC (3.2Mn USD) according to Notary Office and the firm Astra Montenegro Investment Association (AMIA). Furthermore, the AMIA has been successfully promoting the use of digital currencies in Budva and has convinced the neighboring Dukley hotel, Beach Lounge, and Marina to accept BTC.
Montenegro Real Estate, and Three Establishments Welcome Cryptocurrency Acceptance
Three apartments have sold in the region of Budva, Montenegro, a country located in Southeastern Europe. The luxury apartments were located near the coastal area on the Adriatic Sea and the region is well known for its tourism. According to AMIA executive Nila Emilfarba and the Notary Office, the living quarters were sold for approximately 420 BTC. The Dukley Gardens sale is also just part of Budva favoring digital currencies.
Emilfarba says the sale was the biggest so far for the country and the firm has been persuading merchants in Budva to accept digital currencies. In addition to being able to purchase real estate, Emilfarba and AMIA have also convinced the Beach Lounge restaurant, Dukley hotel, and the Dukley Marina to accept BTC as well.
“Our company, unlike many who have doubt in cryptocurrency, is the first in the region that started selling real estate for the cryptocurrencies,” explains the AMIA.
We acquired brand new clientele — In the world, and especially in Europe, there is only a limited number of real estate that can be bought with BTC.
The Apartment Sales Were Closed Quickly and Witnessed by the Budva Notary Office
One of the customers was a 25-year old native from France explained the settlement process was quicker than traditional residential closings. The sale was witnessed by the Budva Notary, Pantović’s Law office, and attorneys from Prelević’s Law. After the official papers were signed and the BTC was transferred the funds were immediately converted to Euros.
Real estate purchases using cryptocurrency has been a trend that’s been growing in number since early 2017 when digital assets reached all-time price highs. These large transactions have been taking place in Miami, Amsterdam, Dubai, Manhattan and all over the world. With three establishments and real estate being sold for cryptocurrency it looks like Montenegro is becoming a friendly region in regard to the digital asset economy.
What do you think about the three apartments in Budva, Montenegro being sold for BTC and the three establishments accepting the cryptocurrency for services? Let us know your thoughts on this subject in the comment section below.
The post Three Luxury Apartments Sold for 420 BTC in the Coastal Region of Montenegro appeared first on Bitcoin News.
Police in the Indian city of Thane have raided the offices of an alleged multi-million cryptocurrency scam on Monday. According to its promoters, Money Trade Coin (MTC) “provides a safer, more secure and superior alternative of storing wealth in the form of digital currency, to investors as well as commoners.” Investigators, however, accuse it of being a front for an international fraud, misleading investors with promises of high returns, real estate and foreign passports.
New Age Cryptocurrency
On its website MTC is described as intellectual property jointly owned by Dubai based firm Bitcoin Global FZE, UAE and Money Trade Coin Ltd, UK. And Mr. Amit M. Lakhanpal is said to be the Director of Money Trade Coin Ltd (and one of the key members of Bitcoin Global FZE and MD of Flintstone Group, India). While two people were detained on Monday, Lakhanpal is reportedly still at large and the police believe he may have fled India.
Flintstone’s Thane office reportedly had twenty employees, while another office in the Mumbai suburb of Vikhroli had a staff of fifty. The investigation started after a local businessman complained that he and his colleagues were not able to get a response from the company about their invested funds.
Police, Bollywood and Politicians
The police said Lakhanpal’s office showcased photos of him with “leading political personalities” used to impress his alleged victims. Additionally, “He may have even invested in a Bollywood film featuring a major male star, but we are verifying this.” A senior officer even told the Hindustan Times that some members of the police were allegedly involved with MTC and their involvement is being investigated.
“Pal and his associates promised investors a 20-times return on investment in a mere six months. But once the deadline passed, the company made several excused to not release the money,” the officer said. “A few days ago, some investors even went to Dubai to meet Lakhanpal, but they were allegedly threatened, and were told that they should not ask for their money. We also found that Lakhanpal had never constructed any building, even though he claimed to run a real estate company.”
What do you think is the true story behind MTC? Share your thoughts in the comments section below.
Images courtesy of Shutterstock, MoneyTradeCoin.
Now live, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.
The post Police Forces Bust Alleged “New Age Cryptocurrency” Scam in India appeared first on Bitcoin News.
The Netherlands’ Land Registry is testing blockchain and expects to integrate the technology into the property sphere “within one to three years”
Blockchain-based platform, Dominium, will allow global users to invest in property from just €1 and launch a regulated property fund without a lawyer.
– Rotterdam May 2018 – Proptech startup, Dominium, announces its launch today. The property platform was developed and funded by Munte Immobilien and Max Property Group, who have nearly two centuries of experience in the property business and hundreds of millions of euros of property under management. The platform aims to digitalize the entire global property market, reputedly worth over 217 trillion dollars.
By leveraging blockchain technology, Dominium offers a solution ...
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
A Blockchain-powered platform wants to reduce anxiety and frustration for buyers and sellers by improving efficiency, transparency and trust in long-distance real estate transactions #SPONSORED
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
California-based blockchain startup Propy, is bringing the commercial use of blockchain technology to the US. After facilitating the first US Blockchain-based real estate deed in Vermont, Propy announced a new open source Developer Program.
The idea behind Propy: it allows anyone to buy or sell real estate, anywhere, online. Propy provides an efficient crypto and fiat payment and an immutable record on the blockchain, ensuring that title deeds and property rights will be there forever.
In March 2018, the San Francisco based firm completed its very first government-sanctioned use of blockchain for a public service in the US. That is, in fact, their second global achievement, after the first ever purchase of property using blockchain in Kiev, Ukraine, back in September 2017.
Propy Platform consists of three systems, two of which are powered by Ethereum smart contracts and require PRO tokens. To further develop the Decentralized Registry, Propy is announcing a Developer Program – designed to encourage blockchain developers and researchers to build efficient solutions for the real estate market, on top of Propy’s registry. The first phase of the program will be: localizations for the Title Registry, a Blockchain Property Explorer, and “Title Mining”. In a recent blog post, Propy describes how the Title Mining protocol will allow users (Title agents, lawyers, notaries, and real estate professionals) to “mine” title history — which means that they will digitize title records and store them on blockchain, a critical measure for those locations where the records are vulnerable to political regimes, corruptions, and hacking.
In the US real estate buyers lose over $900m annually in real estate fraud and pay more than $10bn for title insurance due to inefficient property data access. Propy aims to increase efficiency and security in the public sector.
“We’re ready to help US counties and other countries set up the blockchain registry for free. The developer program helps us accelerate the platform’s growth and ultimately give more governments the chance to integrate their land registry on Blockchain” expressed Propy’s CTO, Alex Voloshyn.
Participants in the Developer Program will receive multiple benefits and grants in PRO. The first whitelisted group of developers will receive a grant, that will be announced on Propy’s telegram channel: https://t.me/propy
Propy is a global real estate store with a decentralized title registry. Propy aims to solve the problems facing international real estate transactions by creating a novel unified property payment solution and asset transfer platform on blockchain.
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The real estate industry is increasingly embracing bitcoin as a form of payment. Most recently, hedge fund manager Claudio Guazzoni de Zanett has put his Manhattan townhome on the market for nearly $30 million in USD or $45 million in cryptocurrencies, according to a story in The Wall Street Journal. Zannett is hedging his bets, attaching a
The post Hedge Fund Manger Lists Multi-Million Dollar Townhouse in Bitcoin…for a 50% Premium appeared first on CCN
Six-story Upper East Side town listed for either $45 mln in crypto: BTC, ETH, or XRP, or $30 mln in fiat #NEWS
Venezuelans will be able to buy houses and other property with their new national cryptocurrency. Real estate deals in petro will be authorized in April, President Maduro announced. The government will also finance the construction of 230,000 new homes using funds from the pre-sale of the oil-backed crypto.
Four Economic Zones to Accept Petro Payments
All citizens and legal entities in Venezuela can now buy the national cryptocurrency through its website and soon they will be able to spend their petros as well. Sales of real estate in the oil-backed crypto will be allowed from April 20, Nicolás Maduro said, quoted by Noticia al Día.
The Venezuelan president also revealed authorities will create four special and exclusive economic zones to stimulate the circulation of the petro. They will be located in Los Roques, Paraguaná, Ureña and on the Margarita Island. Goods and services there will be priced in the new government-issued cryptocurrency.
Last month Maduro authorized all savings banks in the country to use the petro, as news.Bitcoin.com reported. Later he said all state institutions engaged in foreign exchange had been instructed to do the same.
Maduro announced that more than 200,000 orders from 133 countries have been placed during the 30 days of the petro pre-sale. He told local TV the total of the orders amounts to $5.25 billion USD. The president also said petros can now be purchased with fiat currencies like Russian rubles, Chinese yuan, Turkish lira and euro, as well as with cryptocurrencies like bitcoin, ethereum and NEM.
Three Million Homes to Be Built With Petro
Earlier this week Venezuela’s head of state said 82.5 million petros had been sold since the launch of the national cryptocurrency in February. The socialist government in Caracas intends to use some of the $735 million collected from the pre-sale to finance the construction of 236,000 new homes.
Authorities plan to build a total of 3 million housing units by 2019 under the Grand Housing Mission launched in 2011. Their construction will be financed with funds from the sale of the oil-backed currency. A presidential decree is expected to allocate 14,000 hectares of government-owned land to the project.
Nicolás Maduro reiterated his rejection of the new sanctions imposed by the White House. US President Donald Trump recently signed an executive order banning American citizens and legal entities from any transactions with Venezuelan cryptocurrencies. “Venezuela repudiates the measures against the petro,” Maduro said adding that they were intended to harm the country’s economy.
Venezuela will also host another global blockchain and cryptocurrency technology event, its president announced. The conference will be held mid-April in Caracas.
Do you think Maduro’s administration will be able to successfully introduce the petro in other sectors of Venezuela’s economy? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com.
The post Venezuelans to Buy Homes and Property with State Cryptocurrency appeared first on Bitcoin News.
Clients of real estate consulting firm Knight Frank were more exposed to gold as opposed to crypto this year. #NEWS
Praetorian Group files $75 mln ICO with SEC in move to sell first registered security tokens in the US #NEWS
Vermont Blockchain real estate pilot completes first totally Blockchain real estate deed in the US. #NEWS