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Gather All the Pieces To Take the Billion – Winklevoss Twins BTC Security Strategy

The brothers of Facebook infamy that are also behind the Gemini exchange – Tyler and Cameron Winklevoss – have taken the protection of their $1.3 billion USD BTC treasure on another level by splitting up their private keys and locking them up in various vaults throughout US.

The Winklevoss twins made waves earlier this year after an independent audit confirmed that they were the first confirmed “bitcoin billionaires.”

Accordingly, it’s no secret that this makes the Winklevii a big target for kidnappers and ransomers who’d be keen on taking the bitcoins the twins have been accruing since 2012.

Keeping the thread in mind, they decided to print out the keys and chop them up into several pieces which are afterwards put in vaults across the nation.

This takes the security to a close-to guaranteed level which means there can be no single point of failure for their BTC holdings — attackers would have to compromise all of the Winklevii’s vaults simultaneously, which would be all but impossible since each bank vault would be ran by a different company in different locations.

It’s a great security model; it might be better suited for mega-investors like the Winklevoss brothers, but anyone can go “chop” their keys up likewise. Just be careful that you don’t lock yourself out of your own holdings by losing one of the pieces to your key.

What they did is very understandable because when they started buying, BTC was only around $10, in which case the brothers bought 120,000 BTC for $11 mil 5 years ago.

 And that move has paid off ever since, so the twins aren’t slouching on security.

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Critic Continues: “Bitcoin Is of No Value” – Jamie Dimon Returns

Jamie Dimon – Chief Executive of JPMorgan is back taking on main stage with his criticism on Bitcoin as a value and cryptocurrency expanding even further more. The main highlighted part of his recent comments is that “Bitcoin will be ending badly with its market”. [Jamie Dimon to CNBC]

From his point of view J Dimon stated to CNBC that a wave of breakdowns will occur for digital currencies in general because of Bitcoin, Ethereum and ICO (Initial Coin Offerings). This ‘phenomenon’ will experience a GOVs crackdown sooner than later.

He believes that officials, regulators will take action with imprisonment for whoever uses or trades the cryptocurrency, pushing it low as the black market.

“Right now these crypto things are kind of a novelty. People think they’re kind of neat. But the bigger they get, the more governments are going to close them down,”

The negative opinionated thought towards virtual currencies from the CEO expanded its branches on comments from him to the Economic Times in India, adding that cryptocurrencies or any value should not come from thin air:

“We already have digital currencies … you can have digital rupee, so I am not against digital currencies,” he said.

“I am talking about the creation of money and value out of thin air,” he continued. “Governments now look at it like it’s a novelty but the bigger it gets the less of a novelty it becomes.”

The noted out thought about Bitcoin from Jamie Dimon is the continuation of the last weeks reply to CNBC as he called bitcoin a “fraud” and would fire any employee trying to trade BTC.

However, a complaint has been filed towards Dimon by Schweitzer – a managing partner of Blockswater, which is a London based trading firm. The accusation comes from a Swedish based regulator as it has been asked by Schweitzer for market abuse.

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Ripple Price Daily Analysis Sep 18 – Long Term Prediction 2018

Now after weeks of price hurdle and struggling, cryptocurrencies are trying to see above the surface they once left. Ripple has climbed today with 3.39% gain against the US Dollar to $0.1859 while proportionally the negative decline against Bitcoin market is dropping to -3.19%.

The quite market developing now that has taken place is a result of traders realizing that the reaction to the Bitcoin-to-fiat exchange banning was a little more than needed. On top of that the XRP price should not been tanked that way especially.

ripple forecast

Source: Coinmarketcap

However cryptocurrencies are treated as somewhat of a commodity meaning that if there is trouble in any point of view with Bitcoin it will be directly reflected to Ripple, Litecoin and so on.

The main target now is to keep pushing upward with the hopes to clear out $0.195, successfully close above the mentioned mark and start stable trade towards the major psychological $0.2000.

Ripple’s global trading volume counts only five percent in China exchanges. Adding to that is its main target and purpose: disrupting SWIFT’s standard function as a sender throughout international money transfers.

Just the idea behind it made Ripple being popular and being hit by the mainstream factor on masses – its negotiating and dealings for the better.

On the other side, there is Bitcoin which is “considered – a rival” to the traditional currencies we use or fiat money as it wants them to be taken away. So in general the Central Banks or regulations have not found liking in that. So there should be no regulation against Ripple as per the moment.

Starting from that while knowing that one is a blockchain network run from an enterprise as the other is a public one – The price predictions for Ripple and any other blockchain cryptocurrency like Bitcoin should be completely different for the longer term.

In the longer term, it could very possibly happen that Ripple could take over 2018 with its gains, as its tokens are directed which way to go by the company behind it and the support XRP finds is in the negotiation the enterprises gets cleared. This might lead with XRP against the USD to trade at around $2.00 at late 2018.

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Ripple, Litecoin price Long Term Analysis – XRP, LTC Prediction

Litecoin against the US Dollar – LTC/USD

Litecoin flew over almost over all long term predictions and targets the community had marked down in a very short amount of time – not even in a monthly build up and significant surge.

litecoin future

Within reaching the $91.32 price it stepped to far into uncharted territories and overbought zone which instantly indicated for a safer user movement and no-new longer term positioning.

litecoin analysis

Source: Coinmarketcap

After the dramatic declining of all top-cryptocurrencies throughout the market, Litecoin is possibly climbing for highs again within the next days as major and strong support is found around $72, $64, $60 and close to $56.

Ripple against the US Dollar – XRP/USD

After Ripple significant upward motion reaching the mark of $0.26 surpassing most expectations, it declined because of the selling pressure and short-term profit makers. However, on Sep 3 its loses are only at around 1 percentage point while finding supporting with the sellers trying to drop the price even lower than $21-$22 but with no success.

ripple future analysis

Now the price is floating around $23-$24 only negative $2-$3 compared to the last highest mark reached and its holding strong, keeping in mind that when a value tries to return up where it highest reached the last time there is major resistances to “play with”.

xrp price forecast

Source: Coinmarketcap

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