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

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

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.

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. 👍

Check Out Cryptos Weekly For Market And Industry News In The Blockchain Space.

Check Out Cryptos Weekly For Market And Industry News In The Blockchain Space.

This new crypto show should be on your radar. Cryptos Weekly is a new cryptocurrency and blockchain news show hosted by Andrew Berkowitz. cryptosweekly.co launched earlier this year and is gaining traction on both YouTube and Steemit.

“Filtering through the noise to bring you the most important stories, headlines, and market moves in the cryptocurrency and blockchain ecosystem” – cryptosweekly.co

You can subscribe on YouTube where they release a new video every Friday. (Or on iTunes if you prefer) Cryptos Weekly has their very own ICO Correspondent, Will Lowery, who reviews the upcoming Initial Coin offerings.

Berkowitz is also the founder and host of The Global Startup Movement, a podcast uncovering the stories of entrepreneurs, VC’s, and startup scenes worldwide.

Andrew produces great content and we are super excited for the future of @cryptosweekly!

Cryptos Weekly – Wishknish ICO, Coinbase Commerce, and Ripple in bed with Western Union

Cryptos Weekly – Arsenal endorses ICO, Robinhood Exchange, and Introducing Blockchain Charlie

 

What Others Are Saying About Andrew

“Andrew’s ability to connect with people, cultivate incredible conversation, and always create value, has resulted in the creation of the Global Startup Movement. I am grateful to have the opportunity to work side by side with Andrew.”
-Mike Meyers, CEO & Cofounder of Tradeversity

“Andrew has incredible energy. While most people just talk about their ideas, Andrew puts consistent action behind his and executes. I’m FIRED UP to witness what AB produces throughout his entrepreneurial journey!”
– John Lee Dumas, Founder/Host of EOFire

“Andrew is the definition of a purebred entrepreneur. He’s beyond knowledgeable and consistently produces value. He understands people and most importantly, knows how to build long-lasting relationships with whomever he works.
– Josh Davidson, CEO/Founder Chop Dawg

 

Cryptos Weekly – Launch of Venezuela’s Petro Token, Korea’s Crypto Market, and 22x ICO

Need For Speed Blockchain Comparison – How Fast Is Steem?

Need For Speed Blockchain Comparison – How Fast Is Steem?

As demand rises and blockchains grow, they must be able to scale. When doing a blockchain comparison there are several aspects that should be looked at. The speed of blockchain transactions is one of the most important aspects when considering scalability and usability.

The first ever blockchain, Bitcoin is now over 8 years old. It still functions well as a store of value, but the rise of transactional and speculative demand of Bitcoin has severely slowed down the database.

A few weeks ago, community members of Steemit launched a Thunderclap comparing The blockchains STEEM, Ethereum, Bitcoin, and Litecoin.

The results are staggering. STEEM transaction speed is lighting fast compared to the other blockchains. The Thunderclap included the following GIF made by Steem user @kyriacos. Check it out:

If you think STEEM if fast, wait till EOS launches in June 2018! Many of the developers that built BitShares and STEEM are now working on EOS. We believe that everything they learned and perfected on the first two iterations will help EOS be the best blockchain yet.

Learn More About STEEM & EOS:

Tether Just Got Hacked! Thief Runs Off With $31 Million In Crypto

Tether Just Got Hacked! Thief Runs Off With $31 Million In Crypto

Just out, The cryptocurrency, Tether has been hacked. And the hacker has run off with $31 million worth of tokens.

Currently Tether is at #20 on coinmarketcap.com totaling $634,400,000. The startup company from Santa Monica, California provides a Dollar backed cryptocurrency. Basically Tether enables traditional currency to be used like digital currency. They facilitate US dollar, Euro, and soon Yen transfers between crypto exchanges such as Bitfinex and Poloniex.

From thehackernews.com:

According to an announcement on the company’s official website posted today, the unknown hacker stole the tokens (worth $30,950,010) from the Tether Treasury wallet on November 19 and sent them to an unauthorized Bitcoin address.

The stolen tokens will not be redeemed, but the company is in the process of attempting token recovery in order to prevent them from entering the broader cryptocurrency market.

The attacker is holding stolen funds at the following bitcoin address:

16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r

 

About Tether:

 

 

Worried About Getting Hacked?

One of the main pillars of the cryptocurrency industry is real ownership. With your private keys you can prove that digital currency is yours and that you control it. With traditional central banks, they hold you money and technically own your account. They control it, not you.

This is a huge advantage and improvement of banking and money systems of the past. However, with real ownership comes real responsibility and stewardship. Do your due diligence and research on crypto projects. Many have secure and decentralized blockchains, but not all.

We suggest diversifying your crypto portfolio to hedge against the loss via hacking. And store you crypto across several wallets. We also advise people to use decentralized exchanges such as BitShares. Centralized exchanges and platform are vulnerable to hacks, truly decentralized systems are not.

bitshares accepted here