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| April 26, 2018

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Trump Aides Aren’t Buying North Korean Olive Branch

April 22, 2018 |

President Trump’s aides aren’t exactly buying all the good vibes around Pyongyang’s offer to freeze nuclear weapons testing, the Washington Post reports. Unnamed by the Post , these aides see Kim Jong Un’s promise to stop tests and close a nuclear facility as important for what it’s missing—a promise to…

Solar panel maker SunPower is buying tariff-loving rival that hurt its sales

April 19, 2018 |

SunPower Corp.’s new strategy: If you can’t beat them in the tariff game, buy them.

The panel maker, which spent more than a year fighting U.S. import tariffs, announced Wednesday that it is buying a rival that was instrumental in pushing for them. The purchase of SolarWorld Americas for an undisclosed…

L.A. Times – Business

U.S. companies are plowing a record amount of money into buying back stock

March 4, 2018 |

Flush with cash from President Trump’s tax overhaul and bathing in more earnings than they know what to do with, U.S. companies are embarking on a buyback binge of historic dimension.

How big will it be? JPMorgan Chase & Co. strategists led by Dubravko Lakos-Bujas estimate that gross share repurchases…

L.A. Times – Business

Big U.S. airlines’ foreign buying spree raises competition questions

February 27, 2018 |

The nation’s biggest airlines, having consolidated control over most domestic flights, are buying big stakes in foreign carriers, a push they say gives fliers access to more international destinations but critics say only makes it harder for smaller foreign rivals to compete.

“They see that as…

L.A. Times – Business

Buying a Bay Area home is now a stretch even for Apple and Google engineers

February 16, 2018 |

Bay Area home prices are out of reach for many middle-income families, but surely if you’re a highly prized engineer at Apple or Google you can afford a house there, right?

Not so fast.

These days even high-paid tech workers — the very people often blamed for driving up home prices — have to stretch…

L.A. Times – Business

PR: Buying ALT Tokens from Altair VR Offers Special Advantages

February 14, 2018 |

ALT Tokens from Altair VR

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. does not endorse nor support this product/service. is not responsible for or liable for any content, accuracy or quality within the press release.

Since last year, the volume of content sales in the virtual reality market has grown threefold. What’s more, SuperData Research forecasts that over the next two years the total sales volume for content in this domain will reach 40 billion dollars. Given these circumstances, the future of the Altair VR project looks very promising.

In seven years of working in the supplemental education industry, Altair VR has built the biggest network of mobile planetariums in Russia and the CIS. Thanks to that project, over half a million children have been introduced to astronomy over this period. In early 2017, the Amazing Cinema app was launched, and has already been downloaded by over 300 thousand people.

In the summer of last year, the company began offering franchises for virtual planetariums, which are already operating in 15 cities. The next step is to create a Virtual Encyclopedia for all natural sciences and for various uses, where anyone who wants to can create their own content and share their interpretation of knowledge.

According to, last year over 165 million dollars were raised through ICOs in Gaming & VR. Furthermore, various analysts forecast a doubling or tripling of funds raised in this particular domain.

When choosing a project to invest in, however, in addition to the clear market appeal, it is worth looking at the additional advantages offered by the crowdsale initiators.

Altair VR’s Special Offer

For example, Altair VR’s ITO has additional advantages due to the token’s particular economics and varied functionality, making it useful for various groups of users.

First, it is expected that in the community there will be numerous microtransactions among various participants, such as users, writers, content creators, and moderators.

It is for those transactions that the ALT Token will be used, which will not only lower commissions for using the platform, but also serve as an internal unit of settlement.

Second, access to the platform’s apps will only be granted to users who hold ALT tokens.
Third, in order to obtain a franchise, one would have to first purchase ALT tokens on an exchange, which will stimulate the use of the token in various countries where the franchise will operate.
Fourth, having a token will also offer the ability to share one’s own ideas and scenarios, as well as vote for other people’s content. Therefore, in order to actively participate in the life of the community and influence content, you have to buy ALT.

And, finally, fifth, additional growth in interest in the token will be generated by active participants. In fact, the platform includes the roles of moderator and active community participant, which are compensated in tokens. Approximately 10% of all commissions collected on the platform will go to incentives for active users and increase the trading volumes for ALT.

About the Project

The Altair VR team has launched a project to create a global VR platform. It is directed at learning about the world in all its aspects and subjects, using a platform managed by its community through blockchain. The project offers functionality to create and distribute VR experiences through scenarios created by the community members themselves.

The first phase, the Pre-ITO, launched on February 26, 2018, and will extend until March 11, 2018, or until 10,000 ETH is raised. Participants will receive a 25% bonus.

The second phase, the ITO, will begin on April 16, 2018, and conclude on May 31. The ITO will also offer bonuses to early participants.

And the presale, also open to participation, is going on right now.

Contact Email Address
Supporting Link

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. 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 post PR: Buying ALT Tokens from Altair VR Offers Special Advantages appeared first on Bitcoin News.

Bitcoin News

Besides the Meme Jokes Crypto-Enthusiasts Are Actually Buying Lamborghinis

February 8, 2018 |

Despite 'Hodling' Crypto-Enthusiasts Are Buying Lamborghinis

The luxury Italian sports car, Lamborghini, otherwise referred to as the “Lambo” has become a ‘holy grail’ for some cryptocurrency enthusiasts. As ridiculous as $ 200K+ automobile may sound to some individuals after bitcoin’s rise in 2017 that dream is now attainable for a lot of early adopters.

Also Read: Australian Freeze: Big Aussie Banks Denying Bitcoiners

When Lambo?

A Lamborghini is an Italian automobile that can cost anywhere between $ 200,000 to $ 2,200,000 depending on the model. Over the past few months when many cryptocurrency enthusiasts were celebrating bitcoin’s meteoric rise, the topic of “Lambos” had become a hot conversation. Across social media forums and trading chat rooms many individuals often ask “when Lambo?” referring to the time when crypto-hodlers can all be able to purchase the luxury vehicle. At The North American Bitcoin Conference in Miami, there were quite a few Lambos on site for everyone to drool over. Some even speculate that the rise of digital currencies had inadvertently pushed Audi/VW (the parent company of Lamborghini) public shares because of the crypto-madness last year.

Despite 'Hodling' Crypto-Enthusiasts Are Buying Lamborghinis
Lamborghini memes and ‘Lambo folklore’ has been in the cryptocurrency space for quite some time.

One Bitcoiner Purchased a 2015 Lamborghini Huracan for $ 115

One dealership that sells luxury cars, Motorcars of Georgia, met a man last fall who purchased a 2015 Lamborghini Huracan with money he earned from a bitcoin investment. In fact, the $ 200,000 sportscar (45 BTC at the time) only cost Peter Saddington $ 115 dollars back in the early days. Saddington purchased his first bitcoins after he read about the currency’s first ‘crash’ from $ 30 to $ 3 per coin. Saddington reveals that he purchased the coins in 2011 for roughly $ 2.52 and won’t reveal to the media how many he owns. In addition to being an early adopter, Saddington also has his own YouTube channel and the video of him buying a Lambo from Motorcars went viral with over 1.5 million views.

Despite 'Hodling' Crypto-Enthusiasts Are Buying Lamborghinis
Early adopter Peter Saddington’s 2015 Lamborghini Huracan.

Lambo Sales On the Rise Since the 2013 Bull Run

Despite 'Hodling' Crypto-Enthusiasts Are Buying LamborghinisSaddington isn’t the only bitcoiner purchasing Lambos as the trend is being seen in a lot of other areas. The general manager at Lamborghini Newport Beach in Costa Mesa, California, Pietro Frigerio, says ever since bitcoin’s price spiked Lambo sales have followed the rise. Frigerio says throughout 2013 until 2016 the luxury auto dealer did 1-2 cryptocurrency transactions per month, but in December of 2017, Bitcoin’s recent peak, he sold over ten vehicles.

The love for Lambos has been infecting the crypto-community for quite some time as the first Lamborghini purchase with bitcoins took place in 2013. The same Newport Beach dealership sold a Lamborghini Gallardo for $ 209,000, or 216.8 bitcoins that year. If a cryptocurrency millionaire is lazy they can also purchase a Lamborghini Huracan LP-610-4 online from their couch. The green Huracan can be delivered ‘anonymously’ and is being sold by the White Company for BTC, ETH, and LTC.

Despite 'Hodling' Crypto-Enthusiasts Are Buying Lamborghinis

Save Those Satoshis

Cryptocurrency enthusiasts saving their precious satoshis for a Lambo can also look at a special Lambo-centric price ticker that pairs a Lamborghini Aventador with the price of BTC. At the time of publication one BTC equals about 0.0214768460576 of a slice of one Lamborghini Aventador, according to Lambo/BTC Ticker’s statistics.

What do you think about the relationship between Lambos and cryptocurrency enthusiasts? Let us know in the comments below.

Images via Pixabay, Peter Saddington’s CNBC interview, Lamborghini, Lambo2BTC

Bitcoinocracy is a free and decentralized way to measure the Bitcoin community’s stance on a given proposition. Check  

The post Besides the Meme Jokes Crypto-Enthusiasts Are Actually Buying Lamborghinis appeared first on Bitcoin News.

Bitcoin News

Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies

February 6, 2018 |

Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies

Britain’s largest banking group is banning its credit card customers from buying cryptocurrencies including bitcoin. Credit card issuers that are banning crypto transactions include the UK’s largest retail bank, Lloyds Bank, Bank of Scotland, Halifax, and MBNA.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Largest British Banking Group Banning Crypto

Major British Credit Card Issuers Ban Customers From Buying CryptocurrenciesBritain’s largest banking group with 30 million customers, Lloyds Banking Group, said on Sunday that it will ban its credit card customers from buying bitcoin and other cryptocurrencies, Reuters reported.

Lloyds Banking Group operates the UK’s largest retail bank, Lloyds Bank, as well as other well-known brands: Bank of Scotland, Halifax, MBNA, Black Horse, LDC, AMC, Colleys, Scottish Widows, Lex Autolease, and Birmingham Midshires.

Major British Credit Card Issuers Ban Customers From Buying CryptocurrenciesThe group has “9 million credit card customers that it will block any attempts to buy bitcoin after the digital currency lost more than half its value in just two months,” the Telegraph reported, noting that debit cards are unaffected and customers can continue to buy cryptocurrencies using them. Citing that Lloyds has a quarter of the UK credit card market, the news outlet elaborated:

From Monday credit card customers of Lloyds, which includes Halifax, Bank of Scotland and MBNA, will be blocked from buying the cryptocurrency online via a blacklist which will flag up sellers.

A spokeswoman for Lloyds confirmed to Reuters in an email that ”Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept credit card transactions involving the purchase of cryptocurrencies.”

Fear of Huge Losses

Major British Credit Card Issuers Ban Customers From Buying CryptocurrenciesLloyds’ decision was made to “protect customers” from making unaffordable losses on bitcoin, the company’s spokesman was quoted by the Telegraph. According to a finance lecturer at Manchester Metropolitan University, Gavin Brown, “For some people, the only way to finance this level of speculation is through credit, with people just doing it to make a gain.”

The company’s announcement came “amid fears they [credit card customers] could run up huge losses,” the publication conveyed, adding that:

The bank fears it could end up footing the bill for unpaid debt should the price fall any lower.

In addition, “Concerns are also growing that bitcoin and other cryptocurrencies are being used for drug dealing and money laundering,” the publication expressed, adding that “It is thought that other banks will shortly follow suit.”

A Global Epidemic

Several US banks have also announced a ban on cryptocurrency credit card payments. On Friday, Bank of America, JP Morgan, and Citigroup said that they would block attempts to buy cryptocurrencies using credit cards.

Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies“At this time, we are not processing cryptocurrency purchases using credit cards, due to the volatility and risk involved,” a JP Morgan Chase spokesperson told CNBC. Similarly, Citigroup said in a statement that it has “made the decision to no longer permit credit card purchases of cryptocurrency.”

“Bank of America started declining credit card transactions with known crypto exchanges on Friday,” according to Bloomberg, adding that the policy applies to all personal and business credit cards but does not apply to debit cards.

In South Korea, card companies are also voluntarily blocking transactions to overseas cryptocurrency exchanges. According to Business Korea, “Card companies have adopted the system in line with the government’s efforts to tackle speculative investment in virtual currencies.”

What do you think of these credit card issuers declining crypto transactions? Let us know in the comments section below.

Images courtesy of Shutterstock and Lloyds Banking Group.

Need to calculate your bitcoin holdings? Check our tools section.

The post Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies appeared first on Bitcoin News.

Bitcoin News

Nassar Attorney Has ‘Hard Time’ Buying Accusers’ Stories

February 1, 2018 |

The dozens of victims who spoke at Larry Nassar’s sentencing hearing earlier this month served up scathing rebukes against the ex-USA Gymnastics doctor, who received up to 175 years in prison for his crimes. One person not as moved by their testimony: a Nassar defense attorney, who said during a…

Bank of Japan’s $50 Billion Question: When to Stop Buying Stocks

January 15, 2018 |

The Bank of Japan, after goosing Japanese share prices with a $ 50-billion-a-year program of stock purchases, now confronts a decision facing many other developed country central banks: when to stop. What’s News Asia