Twitter CEO, Jack Dorsey Now Buys $10K Of BTC A Week

by Will Long | Mar 7, 2019 | Bitcoin, blog, News

Jack Dorsey, Twitter CEO stated on a recent podcast that he is maxing out the limits on the Square Cash App and purchasing $10,000 dollars of Bitcoin a week.

TIL @jack is maxing out the weekly $10k BTC buy limit. I guess smart money has been loading up on cheap BTC all along. https://t.co/zs1R04zn45
— girevik (@girevik_) March 4, 2019

If the Twitter CEO wants to buy more Bitcoin, we suggest he turn to Coinbase. Buy and sell limits are much higher.

On Coinbase regular users can purchase $25,000 a week. Verified users can purchase $25,000 a day. But once the funds are in your Coinbase wallet, there are no buy or sell limits.

What Jack Dorsey, Twitter CEO is likely doing is simply a dollar cost average strategy. Dollar cost averaging (DCA) is an investment strategy where a large purchase of a financial asset like an equity or cryptocurrency is spread out over time with the goal of reducing the impact of volatility.

From newsbtc.com:

“In a surprising turn in the conversation, he explained that he purchased $10,000 worth of Bitcoin, which currently amounts to 2.7 BTC, over recent weeks, and could do the same again in the following. Doing some napkin math, this works out to around $520,000 in cryptocurrency purchases a year (considering he doesn’t go over that amount or purchase any other digital assets) — or about 0.0928% of his $5.6 billion net worth. Although this isn’t a relatively large amount percentage-wise, it shows that Dorsey is looking to accumulate for the long haul, as he dollar-cost averages in.”

Twitter CEO, Jack Dorsey Discusses Bitcoin On The Joe Rogan Podcast:

Are you ready for the next crypto bull run? Many investors are using strategies like dollar cost averaging to build a diversified portfolio in preparation for the next major price movement. Stay tuned to the Bitcoinshirtz blog for the latest news from the Bitcoin and blockchain industry. 👍

Show your support for the Bitcoin movement with a fresh new crypto shirt or hoodie!

← Canadian Crypto Exchange Loses $145 Million Because CEO With The Only Password Passes Away Facebook Opens 5 Positions For Blockchain Jobs →

Canadian Crypto Exchange Loses $145 Million Because CEO With The Only Password Passes Away

by Will Long | Feb 5, 2019 | Bitcoin, Cryptocurrency, Ethereum, News, Wallets

One of the largest bitcoin exchanges in Canada has reported a loss of almost $ 145 million USD. QuadrigaCX claims to have lost access to the companies cold storage containing a sizeable amount of crypto assets. Included in the offline cold storage was 26,500 Bitcoin, 430,000 Ether, and 200,000 Litecoin.

From thehackernews.com:

“Following the sudden death of Gerry Cotten, founder and chief executive officer QuadrigaCX, the Canadian exchange this week filed for legal protection from creditors in the Nova Scotia Supreme Court until it locates and secures access to the lost funds.
In a sworn affidavit filed by Cotten’s widow Jennifer Robertson and obtained by Coindesk, Robertson said QuadrigaCX owes its customers some CAD 260 million (USD 198 Million) in both cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, and Ethereum, as well as fiat money.
However, Robertson said the cryptocurrency exchange only has smaller amount in a ‘hot wallet’ (USD 286,000), claiming that to protect its users funds from hackers, majority of coins were kept in a ‘cold wallet’—a physical device that is not connected to the internet—by Cotten, who died of Crohn’s disease on December 9 in Jaipur, India.”

But not everybody is buying the story. Some researchers and QuadrigaCX users have been doubtful of the Canadian crypto exchange’s claims. The amount claimed seems higher than it should be. Some claim QuadrigaCX never had access to such a large pool of funds. It could be true but it could also be a sneaky exit scam.

If the claim is true, the company will be filing for bankruptcy and the crypto assets on the cold storage will never be accessed again.

Keep your passwords safe friends! And make sure you have a way for your beneficiaries to securely access your passwords and modern-day keys.

← Exodus Wallet Now Fully Connected To The EOS Mainnet Twitter CEO, Jack Dorsey Now Buys $10K Of BTC A Week →

Exodus Wallet Now Fully Connected To The EOS Mainnet

by Will Long | Oct 29, 2018 | Blockchain Technology, Cryptocurrency, EOS, News, Video

On October 25th of this year, the Exodus team released version 1.63.0 which includes full support for the EOS Mainnet!

We have been waiting for this update since the EOS blockchain launched in June 2018. EOS assets on the Ethereum blockchain (from the ICO) were frozen at the time of the EOS Mainnet launch. Exodus has been diligently working on a solution for users who hold EOS tokens within their Exodus wallet.

Download Exodus 1.63.0

From Exodus.io:

Wallet

You can now send and receive EOS mainnet. To add EOS mainnet to your portfolio visit the Settings section then click Assets.

EOS now has an Advanced button inside the wallet to view RAM, CPU and NET along with other details like staking for your EOS wallet.

EOS wallet has a built-in automatic filter to remove 0 value SPAM transactions with marketing messages on the EOS blockchain.

Fixed outgoing Stellar (XLM) transactions to immediately show up in the account history with no delay.

Exchange

New users of EOS mainnet can now exchange any asset to EOS and Exodus will automatically handle all the advanced account setup for you and create your first EOS account.

EOS mainnet has been added to the exchange. You can now exchange any Exodus asset for EOS mainnet to further diversify your portfolio.

Advanced

If you are holding EOS on an exchange Exodus can now help you create an EOS account by using the advanced developer menu.

Export safe report button has been fixed in the help section.

Exodus is one of our #1 crypto wallets. Here are some of our other posts covering Exodus and it’s features:

EXODUS Bitcoin Wallet Review

Get Ready! Hardware Wallets Are Coming To Exodus – The Full Exodus Wallet Roadmap

Store And Exchange EOS Tokens In The EXODUS Wallet

How To Register Your EOS Tokens In The Exodus Bitcoin Wallet

Exodus Now Offers In-Wallet EOS Registration! Register Before June!

Exodus Wallet Videos:

STEEM Monsters Is An Epic Blockchain Trading Card Game

by Will Long | Oct 24, 2018 | Blockchain Technology, Cryptocurrency, News, Steemit, Video

STEEM Monsters is a badass new game on the STEEM blockchain! The digital, role-playing, trading card game was created by Jesse Reich.

“Collect and trade cards on the blockchain! Level them up and then compete in individual and Guild PvP Tournaments and EPIC BOSS FIGHTS!”

You can buy cards now on steemmonsters.com! Previously users could only purchase cards with the STEEM cryptocurrency, but now STEEM Monsters is accepting both credit cards and PayPal.

STEEM users are buying these cards up like crazy as they could be worth a pretty penny in the future. We think the card game is pretty revolutionary. We have yet to see someone else create this type of game on a blockchain.

How To Play STEEM Monsters:

A cataclysmic event, known as The Splintering, violently reshaped a once peaceful landscape into six separate kingdoms.

The world was thrust into chaos and war as the inhabitants of the six known Splinters fought for control of what became known as the Splinterlands.

An ancient prophecy foretells of a hero who will reunite the Splinters against the Greater Enemy, saving the world from a near inevitable doom.

Could that hero be you? Choose your Summoner, choose your Monsters, and prepare for battle! The player who builds the best team will find glory on the Battlegrounds, fame on the leaderboards, and fortune in the Grand Tournament!

Why Blockchain?

FAST AND FREE

The Steem blockchain has transaction speeds of about 3 seconds, can handle thousands of transactions per second, and zero transaction fees! Unlike other blockchain platforms, that means the only cost is the cards themselves. You can play, buy, sell, and trade at lightning speeds and…for free!

PROVABLE SCARCITY

Thanks to the full transparency of the blockchain’s distributed ledger, it’s easy to see how many of each different card exist in the entire game. So unlike in games like Hearthstone, you can see exactly how rare, and valuable your cards actually are!

TRUE ASSET OWNERSHIP

With the blockchain, your cards are actually yours, and they can only be transfered with your private keys. This means that even the creators of the game cannot take them away from you and you are free to buy, sell, or trade them just like physical trading cards!

VERIFIABLE RESULTS

All of the battle results, and the cards contained in Booster packs, are generated by a published algorithm based on unpredictable data from the blockchain itself. This means that no one, even the creators, can tamper with battle results, or give certain players better cards in packs.

Source: steemmonsters.com

STEEMMONSTERS.COM

Check Out STEEM Monsters On Kickstarter

Follow STEEM Monsters On Steemit

STEEM Monsters Videos:

Make Money with the STEEM Monsters Trading Card Game

STEEM Monsters Pack Opening

STEEM Monsters (Token Fest 2018)

Hearthstone on a Blockchain? An interview with STEEM Monsters

Learn More About The STEEM Blockchain

Changelly Exchange Now Available On Android

by Will Long | Oct 22, 2018 | Bitcoin, blog, Cryptocurrency, News, Video

The Changelly exchange is one of our favorite crypto exchanges, especially when you need to swap crypto assets fast.

In recent news, they have finally created an Android app for their platform! Many of the writers here at Bitcoin Shirtz use Android over IOS, so this is great news for us. The Changelly exchange is a go-to for us with almost all cryptocurrencies, with the exception of BitShares and STEEM, which in that case we use Blocktrades.us.

From Changelly’s Steemit Page:

Changelly team is happy to announce the launch of the mobile app for all the Android users. The first official version of Changelly mobile app is now launched on Google Play.

The leading instant swap service finally is in your pocket wherever you go. Changelly users no longer have to open the browser on their gadgets every time they want to instantly swap one crypto asset for another. The mobile app represents an adaptive instrument for all the fans of smartphone usability, and offers exactly the same options as the full web version of the service, namely:

exchange one crypto for another in a few minutes via the Changelly

mobile app;

buy any of cryptos listed with a credit card directly from the Changelly mobile app;

explore cryptos listed and real-time rates.

The Benefits

Importantly, Changelly users no longer have to go through the authorization procedure while doing the exchange through the mobile app. The Changelly app users can either undergo verification by choosing the Google account to sign in, or skip the verification step and go straight to the exchange.

The Mobile App Description

In addition to the exchange section, Changelly mobile app includes History section, where the user’s transaction history is placed and Support section, from where the user can send a request to Changelly support team and find the answers to the FAQ.

Changelly mobile app is quite compact and simple in use. It takes up only 8 Mb of the gadget memory and supports the Android versions starting with the version 4.4.