Blockchain
Bitcoin IRA™ Accounts Are Soaring as Bitcoin Passes $18,000
Bitcoin IRA is the world’s first, largest, and most secure digital asset IRA technology platform allows clients to purchase cryptocurrencies and other digital assets for their retirement accounts. The increase in the price of Bitcoin has benefited individual investors who added cryptocurrencies to their retirement accounts and as a result are seeing sizable gains in their portfolios relative to other investment assets.
Crypto is the Best Performing Asset Class in 2020 (again)
Bitcoin has passed $18,000 as of November 20th and is now only 10% away from reaching its 2017 all-time high price, which is around $19,700. Since January 2020, Bitcoin is now up around 158% which far exceeds the S&P 500, up approximately 10%, the Dow which is up around 3%, and the Nasdaq Composite, up approximately 36%. Other leading cryptocurrencies are up even more in 2020 including Ethereum, Chainlink, and XRP, up around 365%, around 751%, and 207% respectively, as of 11/23/2020.
These robust gains are not unusual, as Bitcoin is up over 150% in 2020 and up over 5,000% over the last 5 years (source: TradingView).
Bitcoin IRA’s Clients have seen Dramatic Gains to their Retirement Accounts
Bitcoin IRA clients that purchased Bitcoin, and are still holding onto the assets, have had a positive return for their accounts. If they purchased around the new year of 2019 when Bitcoin was approximately $7,200, their retirement accounts would be up 158%, the same increase in the price of Bitcoin this year.
As a result, Bitcoin IRA has had over $60M in transactions so far in 2020 and $500 million in total transactions since the company started in 2016.
What’s Next for Crypto?
PayPal recently announced they are offering crypto to their 350 million users and 26 million merchants, JP Morgan announced the official launch of their blockchain project, and 80% of all central banks around their world are planning a digital currency.
Bitcoin’s price may grow to $318,000 by the end of 2021, according to a Citibank analyst and a popular crypto researcher, Willy Woo, believes Bitcoin’s bull run is just beginning.
How a Bitcoin IRA works
Bitcoin IRA allows clients to easily buy, sell, or swap cryptocurrencies and physical gold inside their retirement accounts online 24/7. The company safely stores its client’s assets with a US-based qualified custodian, not overseas, and has over 50,000 account holders with over 2,500 real 5-star reviews. Clients can invest in seven leading assets including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Stellar Lumens (XLM), Zcash (ZEC), and physical Gold (PG).
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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