On the Brink of…College? ‘Bitcoin Baby’ Receives BTC From Ad in The Times

Bitcoin baby

A rather interesting listing has popped up in The Times of parents seeking to raise money for their newborn baby via Bitcoin donations. 


‘Bitcoin Baby’ Asks for College Donations

Little Izabella Anna Bowles was born on January 6th, 2019. Her parents, however, have decided to waste absolutely no time in saving up for her college fund.

Unlike regular parents, however, Wioletta and Peter, have decided to ask the cryptocurrency community for their financial support.

A listing published in The Times reads:

Bitcoin Baby

On 6th January 2019 to Wioletta (nee Witek) and Peter, a daughter, Izabella Anna Bowles, sister to Philip, Weighed 2.2kg.

Bitcoin College fund: 1ZAB5XeKMdvax2S8eZT7GQ6Nj4xjbsw1Y

The cryptocurrency community has been quick to respond. The first recorded transaction to that address was on January 10th. Four days later, the address has already seen 154 transactions and it contains 1.03581043 Bitcoin (BTC) 00.

At the time of writing this, the BTC in the address is worth around $3,660.53.

The Times is no stranger to publishing Bitcoin-related content. On January 3rd, 2019, the newspaper featured a front cover ad celebrating Bitcoin genesis block’s tenth birthday, which famously includes a headline from The Times on January 3rd, 2009 that reads:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

The same issue also published an article of BitMEX’s CEO Arthur Hayes warning that the end of cash is “sooner than you think.”

Begging or Crowdfunding?

Izabella’s parents initiative has been regarded by some as a “disguised way to beg” as the Reddit submission has been flagged and removed as it constitutes “begging for money.”

However, the overwhelming majority of users have been nothing but welcoming. The accumulated amount of BTC best shows that.

One thing most of them seem to agree on, however, is the fact that it was a bad move by the parents to only publish the 33 alphanumeric address instead of the alternative QR code.

A lot of users are also making the case that while the current amount of Izabella’s college fund might be insufficient to cover her tuitions if the bullish predictions for Bitcoin’s price come true, it might be more than enough in the future.

Will the Bitcoin baby receive enough money to cover college? Share your prediction below!


Images courtesy of Shutterstock, reddit

The post On the Brink of…College? ‘Bitcoin Baby’ Receives BTC From Ad in The Times appeared first on Bitcoinist.com.

Source: Blockchain

$1,000 Bitcoin Puzzle Hidden in Paris Street Mural Now Solved

Paris street puzzle bitcoin

It took no more than a week to solve a $1,000 Bitcoin puzzle hidden in a street mural in Paris. The exact solution is yet to be revealed. 


Paris Puzzle Solved

Bitcoinist reported on January 7th that a street artist Pascal Boyart has painted a ‘revolutionary’ street mural in celebration of the 10th birthday of the Genesis block.

Hidden within the mural was a Bitcoin puzzle with a 0.26 BTC or $1,000 reward, which later grew to 0.28 BTC following a few public donations.

Six days later, it seems that the puzzle has been solved.

Twitter account Antoine Giver of Etherium (@a_ferron) wrote:

@marabrito31 & I just found the @pascalboyart’s mural painting puzzle in Paris. We are very happy to win this race. We thank PBoy, @alistairmilne, and every people involved in this artwork for their creativity.

‘Spread Bitcoin’

The exact solution to the puzzle is yet to be revealed.

“We’ll post the story and details of our finding in the following days. Spread Bitcoin!” writes Antoine.

The only thing that the user has shared is that they “think this painting clearly exposes the fight of French citizens who were always united during History to triumph over bankers lies.”

The mural itself does have a revolutionary note to it, depicting a woman waving the French flag in what seems a call to fight, backed by men in yellow vests.

The yellow vest movement in France started in November 2018 after the country’s government decided to raise fuel prices. Thousands of people marched to the streets and a large number of them were wearing yellow vests. Bitcoinist reported that the group is planning a bank run to collapse the Euro.

What do you think about the street mural in Paris and the Bitcoin puzzle in it? Don’t hesitate to let us know in the comments below!


Images courtesy of Shutterstock

The post $1,000 Bitcoin Puzzle Hidden in Paris Street Mural Now Solved appeared first on Bitcoinist.com.

Source: Blockchain

Overstock Becomes First Major US Company to Pay Taxes in Bitcoin

Investment Into Overstock's Cryptocurrency Exchange Causes Share Price to Rocket

Internet retailer Overstock has announced that it intends to become the very first major US-based company to pay a part of its state business tax in Ohio using Bitcoin. 


Taxes With Bitcoin

According to its own investor portal, US-based internet retailer Overstock is set to pay part of its Ohio state business tax using Bitcoin. Supposedly, by doing so, the retailer will become the first major US company to pay its taxes using the digital currency.

Speaking on the matter was Patrick M. Byrne, Overstock CEO and founder, who noted:

We have long thought that thoughtful governmental adoption of emerging technologies such as cryptocurrencies (when accompanied by non-restrictive legislation over these technologies) is the best way to ensure the U.S. does not lose our place at the forefront of the ever-advancing global economy. […] We are proud to partner with forward-thinking governments and officials like Ohio and Treasurer Mandel to help usher in an era of trust through technology for our nation’s essential financial systems.

Earlier in November, Bitcoinist reported that Overstock’s share price soared as the company announced plans to sell its retail-oriented business and to focus on previously acquired blockchain startups.

‘Ahead of Its Time’

Paying taxes with Bitcoin in Ohio became possible in late November 2018 at OhioCrypto.com.

According to State Treasurer John Mandel, who pioneered the idea, Overstock’s move to pay its taxes with the cryptocurrency is ‘ahead of its time’:

We applaud Overstock for becoming the first national brand in America to register to pay taxes via cryptocurrency. Their embrace of blockchain technology was ahead of its time and we’re proud to have them join OhioCrypto.com.

In an interview for Fortune, Mandel also added that paying taxes with Bitcoin reveals certain financial advantages. According to him, taxpayers who use credit cards pay 2.5 percent service fees, while those who use Bitcoin will only incur a fee of 1 percent. Early filers like Overstock, however, won’t incur any fees at all.

What do you think of Overstock paying part of its state business tax in Ohio using Bitcoin? Don’t hesitate to let us know in the comments below!


Images courtesy of Shutterstock

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Source: Blockchain

Market Analyst Tom Lee Says ‘Fair’ Price of Bitcoin is Over $13K

Tom Lee Futures Bitcoin price

Fundstrat Global Advisors Head of Research, Tom Lee, holds that the current price of Bitcoin is wrong based on a range of factors. The BTC permabull has also refused to give any further price predictions. 


Bitcoin’s Fair Value Between $13,800 and $14,800

According to Tom Lee, the current market conditions for Bitcoin are wrong. Bloomberg reports that the proponent has said BTC’s fair value is between $13,800 and $14,800.

Lee explained:

Bitcoin’s fair value, given the number of active wallet addresses, usage per account and factors influencing supply, is between $13,800 and $14,800. – Lee has said.

The analyst also added:

Fair value is significantly higher than the current price of Bitcoin. In fact, working backwards, to solve for the current price of Bitcoin, this implies crypto wallets should fall to 17 million from 50 million currently.

Commenting on the current market condition, Lee called “last year’s meteoric rally a “meltdown.” In the macroeconomic climate, treasury sales of initial coin offerings are the reasons for the divergence.

While he refused to propose any price target, Lee also outlined that should Bitcoin wallets approach a mere 7 percent of Visa’s 4.5 billion account holders, the cryptocurrency’s fair value would be $150,000 based on his model.

Grain of Salt

Lee’s statements, while optimistic, do raise a few questions. First off, while discussing Bitcoin’s current condition, the analyst refers to 50 million “crypto wallets.”

According to data from Blockchain.com, the number of Blockchain wallets is around 31.5 million. Even though this number will always increase, many of these wallets could be abandoned and it’s still nowhere near 50 million.

But Lee could indeed be proven correct in the long-term. While the price is down 85%, the number of “active wallet addresses” has only decreased by half since January’s peak, according to Bitinfocharts. While the network hash rate (i.e. network security) is still more than double what it was in January 2018 despite the recent difficulty adjustment to lower prices.

What’s more, transaction activity over the Bitcoin network could be simply decreasing as people are becoming more reluctant to spend their bitcoins at these price levels. In hopes BTC will go “to the moon” in the future (as Bitcoin’s history of market cycles shows), those who bought at higher prices are choosing to ‘hodl‘ as they are afraid of becoming Bitcoin pizza guy 2.0.

Meanwhile, Lee has previously said that Bitcoin will reach $25,000 by the end of 2018. He has since reduced his target to $15,000. This time, however, the permabull refused to give any price predictions.

“We are tired of people asking us about target prices,” he said.

What do you think of Tom Lee’s position on the current market conditions? Don’t hesitate to let us know in the comments below!


Images courtesy of Shutterstock, Bitcoinist archives

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Source: Blockchain