Tim Draper

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Why it’s time to drop the dogma and become blockchain rationalists80
In the past few years, the conversation about cryptocurrency has taken on the tenor of a religious debate, with people either identifying as evangelists or skeptics, maximalists or minimalists. Tipping one side of the scale are the maximalists — people such as venture capitalist and blockchain industry influencer Tim Draper — who believe Bitcoin’s global impact will be more significant than techno...
Investor: Bitcoin could be benefiting from the economic crises around the world144
Bitcoin has been on a 174 days bull rally since the low of Dec. 15, 2018, when it was trading at $3,150, which has seen its price surge 188 percent reaching $9,070 on May 30. According to some analysts and investors, the upswing may be partially be attributed to the financial crises affecting the world’s biggest economies, which is fueling excessive optimism in the cryptocurrency industry. As the ...
Tim Draper Says Ethereum’s Issuance Rate of 2%-4% ETH Worries Him9.6
By CCN: Billionaire venture capitalist Tim Draper is one of the biggest advocates of the cryptocurrency space. He is famous for his bullish $250,000 bitcoin price prediction, which would reflect a 5% market share around the world in the coming years. Draper supports competition in the space and in addition to bitcoin is also a fan of smart contract technology, other blockchains including Ethereum,...
Tim Draper Defends ‘Extraordinary People’ Elon Musk & Satoshi Nakamoto21.6
By CCN: Billionaires in Silicon Valley want Wall Street to stop picking on Elon Musk. The Tesla CEO has done more for innovation than most, and putting him down will only discourage other entrepreneurs from taking risks the way Elon did. Venture capitalist Tim Draper, who is also a member of the billionaire’s club, was featured on BNN Bloomberg where he defended the space travel genius and put him...
Unstoppable Domains raises $4M to create a decentralized domain registry
Unstoppable Domains is on a mission to make the Internet more censorship resistant. Announcing a new $4 million round of financing on Thursday, Unstoppable Domains is building a registry for domain names secured by blockchains. The round was led by Draper Associates with participation from investors including Boost VC. The company has also received grants from the Ethereum Foundation and Zilliqa F...
Despite Crypto Rally Pause, This Billionaire Still Expects Bitcoin at $250,00015.4
Bitcoin (BTC) may have dropped by 4% in the past 24 hours, receding to $7,600 in an interday drop, but many analysts and investors are still optimistic. The thing is, the fact that BTC collapsed to $6,100 and then skyrocketed to tap $8,000 for a second time was deemed by many to be wildly positive, as it asserts that the bulls have control of the cryptocurrency wheel.
Crypto is Taking Over the World, Bubbles are Normal; Shapeshift CEO Says to Blomberg
Crypto is making its way into the world of finance, slowly taking over an important part of the global markets. The recent Bitcoin (“BTC”) Bullrun seems to have attracted a substantial amount of fresh investors and this new wave of enthusiasm is very beneficial for the expansion of the ecosystem. This impression was shared by Erik Voorhees, CEO of Shapeshift in an interview for Bloomberg.
Top 5 Blockchain Conferences After Consensus24
Consensus may be grabbing the headlines with major announcements from businesses and institutions moving into blockchain. But the industry’s biggest conference in NYC isn’t the only event worth adding to your calendar. Cryptocurrency never sleeps. Just like a binge-worthy Netflix series, there are new twists and turns every day–and plenty of people to meet. So keep your eyes open for these top fiv...
Can A Global Cryptocurrency Dominate Over Fiat Someday?
Bitcoin, the pioneering cryptocurrency that has managed to withstand the tests its decade-long life has put it through, still seems far from the dream of overtaking fiat someday. Yet, some staunch Bitcoin evangelists, most of them putting quite a bit of money where their mouths are, are quite convinced that Bitcoin will soon become the dominant mode of payment in the world, outrunning the populari...
Analysis of BTC, ETH, AND LTC
After the recent rally, some have turned positive and have projected a new high within the next few months. Prominent among them are Galaxy Digital CEO Michael Novogratz, and investment bank Canaccord Genuity, both have a target of $20,000 by 2021. Tim Draper, however, believes that Bitcoin can reach $250,000 by 2023. While these targets boost sentiment, we believe that the cryptocurrencies will f...
Tim Draper Believes Bitcoin Will Grab 5% of the Earth’s Market Share52.8
By CCN: While Elon Musk and Jeff Bezos are focused on Mars, billionaire venture capitalist Tim Draper has his feet firmly planted on the ground. Draper might appear to have his head stuck in the clouds with a lofty $250,000 bitcoin price prediction. But from what he tells Fox Business, the early bitcoin investor isn’t stargazing: “I’m a believer that in four years, something like that, bitcoin wil...
Tim Draper-Backed Email Paywall BitBounce Attracts 4 Million Users16.8
By CCN: Tim Draper appears to love anything that gives power back to the people. An eye-catching tweet on Saturday regarding email spam solution BitBounce is sure to generate a good deal of interest in this project. Draper sees this as a potential play on crypto mainstream adoption given its immediate real-world use case. He is named as an investor in the project. This video describes a new market...
Tim Draper-Backed Blockchain Unveils ‘Trust Scores for Everything’22.8
By CCN: Internet of Things (IoT) is a major buzzword, almost as prominent in the tech world as “blockchain” itself. It can mean different things to different people. Primarily, the Internet of Things describes a world of connected devices which serve various purposes, everything from building widgets in a factory to monitoring your refrigerator. IoTeX focuses on the first part more than the latter...
Ongoing Effort to Free Ross Supported by 100 Eminent Organizations and Individuals
Ross Ulbricht’s clemency petition is closing in on 160,000 signatures stemming from individuals asking U.S. President Donald Trump to pardon Ulbricht. In addition to the vast number of signatures, roughly 100 eminent organizations and well known figures have supported Ulbricht’s effort, many of whom have written a statement on Ulbricht’s behalf in order to speak out against his draconian double-li...
Crypto Tidbits: Harvard Goes Crypto, China Bitcoin Mining ‘Ban’, Bakkt Nears4.8
Another week, another round of Crypto Tidbits. While the Bitcoin price actually stagnated over the past week, falling from $5,450 to $5,000, the underlying industry was as active as ever. Over the past seven days, Harvard formally invested in a crypto asset (not just an industry project), Bakkt moved closer to launch with a key hire, and more news was released regarding Facebook’s blockchain divis...
Facebook Crypto Expedition Tempts Bitcoin Billionaire Bull Draper29.4
Billionaire venture capitalist Tim Draper is one of the few people who could make Facebook likable again. Turns out Facebook crypto could be added to the impressive list of companies Draper’s backed. Draper, whose winning bets have included bitcoin and Skype, to name a couple, plans to meet with Mark Zuckerberg’s team to explore Facebook’s plans for a $1 billion fundraising. The funds would report...
Bitcoin Diehard Tim Draper Looks To Invest In Facebook’s Crypto Project2
As the Bitcoin bear ran its course over 2018 and early-2019, Facebook began to quietly bolster its efforts in the blockchain and crypto space. By now, the firm has amassed a purported 50+ full-time staff, including David Marcus of the PayPal Mafia, key Instagram executives, and top blockchain talents from across the globe, some of which have reportedly been poached from industry startups.
Billionaire Tim Draper Slams ‘Paranoid’ Jamie Dimon, Doubles Down $250,000 Bitcoin Price132.6
Cryptocurrency bull Tim Draper has fired a shot at the chairman and CEO of JPMorgan Chase, Jamie Dimon, nearly two months after the big four U.S. bank announced the creation of a digital currency known as JPM Coin. In an interview with crypto personality Wendy O, Draper said Dimon’s actions show that he is grieving stage of acceptance with regards to the inevitability of cryptocurrencies: That guy...
Bitcoin (BTC) Can Surmount $8 Trillion Gold, Argues Crypto Billionaire
Mike Novogratz, a long-time Bitcoin (BTC) bull, sat down with Morgan Creek’s Anthony “Pomp” Pompliano for the renowned Off The Chain podcast. Reports indicate that in the interview, Novogratz, a Wall Streeter turned fervent crypto proponent, purportedly stated that while BTC is still valued of 1% of gold’s $7 to $8 trillion valuation, the crypto will reach there eventually.
Switzerland’s National Exchange is Listing an XRP Investment Product21.6
SIX Swiss Exchange, Switzerland’s principal stock exchange based in Zurich, could list an XRP Exchange Traded Product soon. This was made known in a report in BlockCrypto, on Monday. The XRP ETP, which is floated by Swiss crypto startup Amun AG, will be launched under the “AXRP” ticker. The exact launch date of the XRP ETP is unknown, but buyer interest will play a part in the upcoming ETP. Amun a...
Could 2020 be the Year of Bitcoin Purchased Frappuccinos? One Venture Capitalist Believes So3.8
Analysts and investors alike widely believe that increased adoption of cryptocurrencies, like Bitcoin, will help drive their price higher while also providing more stability to the nascent markets. Despite the persisting crypto bear market, over the past year there have been multiple advancements in the industry that will likely lead to increased adoption down the road.
Starbucks Will Laugh if You Still Use Cash in 3 Years: Bitcoin Bull Draper72
Bitcoin bull Tim Draper has predicted that by 2022, coffee lovers will be routinely buying their fix at Starbucks using bitcoin and other crypto assets. Draper: Bitcoin Will Dominate Starbucks Transactions In a podcast interview with NBC Bay Area, Draper said that the cryptocurrency is on the verge of making the US dollar redundant: “I think when you go to Starbucks to buy a cup of coffee, and you...
The Infamous Bet: John McAfee’s 2020 Price Target Shows BTC Undervalued by $37K
John McAfee is once again discussing the notorious wager he made back in November 2017 when he predicted that bitcoin will reach a million dollars before the end of 2020. McAfee is reportedly on the run from the IRS, but his worries don’t end there: according to statistics, his bet is currently $37,000 light of reaching its $1 million per bitcoin target.
Billionaire Bitcoin Bull Tim Draper Has a Wild 5-Year Prediction for Cash and Crypto60.6
Tim Draper has been one of Bitcoin’s most enthusiastic proponents. He was steadfast in his optimism even when other finance gurus thought he was crazy for giving the new-fangled crypto the time of day. Forgetting about the naysayers, Draper became about $89 million richer for sticking to his Bitcoin guns. He was steadfast while others, including JP Morgan CEO Jamie Dimon, made jokes about Bitcoin ...
Tim Draper Predicts Only Criminals Will Use Fiat In Five Years
Bitcoin (BTC), Cryptocurrency–Bitcoin bull and billionaire investor Tim Draper has made headlines again with an interesting take on the future of cryptocurrency and fiat. On the same day that Bitcoin (BTC) nearly crested $4000, with the rest of the crypto markets experiencing a wave of green, the vocal investor made the claim that fiat is trending towards primarily criminal use.
Bitcoin Bull Tim Draper Says JP Morgan Crypto Is “Great News”
Last week, the crypto community at large was shocked when JP Morgan, the world’s sixth largest bank, unveiled plans to launch its own digital asset. Per previous reports from Blockonomi, the Wall Street bank’s blockchain division lead, the so-called “JPM Coin” will be backed by physical U.S. dollars and will first be based on Quorum, JP Morgan’s private Ethereum-based chain.
The $232 Million ICO Debacle Continues as Tezos Community Opposes Class Action Lawsuit18
Tim Draper-endorsed blockchain Tezos is the subject of a consolidated class action lawsuit brought by unsavory individuals. A group of Tezos community members believes the lawsuit is depressing the Tezos price and that the named lead plaintiff, Arman Anvari, does not adequately represent the Tezos community. Anvari has publicly agreed with this sentiment. Arman Anvari Backs Out As Lead Plaintiff T...
China Crypto Mining Kingpin Issues Crazy Prediction: Bitcoin (BTC) To Hit $740,000
Over the years, a number of zealots for the crypto ecosystem have made ambitious price predictions. Presidential candidate hopeful John McAfee, who founded the cybersecurity company that shares his surname, once told CoinTelegraph among other outlets that $1,000,000 for each Bitcoin (BTC) is just a “conservative bet.” He attributed his call to the potential the U.S. dollar has to collapse, along w...
China Crypto Mining Kingpin Issues Crazy Prediction: Bitcoin (BTC) To Hit $740,000
Over the years, a number of zealots for the crypto ecosystem have made ambitious price predictions. Presidential candidate hopeful John McAfee, who founded the cybersecurity company that shares his surname, once told CoinTelegraph among other outlets that $1,000,000 for each Bitcoin (BTC) is just a “conservative bet.” He attributed his call to the potential the U.S. dollar has to collapse, along w...
DCG Chief Claims He’s More Bullish on Bitcoin Than Ever, But Wary Of Crypto Assets3.6
It goes without saying that the crypto market is rife with wishy-washy investors. Some days, one might be overly bullish, quipping that Bitcoin (BTC) could skyrocket to the so-called “moon.” Other days, he or she might remark that the end is nigh for the flagship cryptocurrency. While vapid industry participants are a dime a dozen, what’s hard to find are cryptocurrency zealots that would put thei...
Crypto OG: Next Act To Bring Bitcoin (BTC) Above $250,000
In spite of Friday’s surge, the lethargic crawl of the Bitcoin price has continued. While the 8% rally seen not 72 hours ago was welcomed, the cryptocurrency remains in ‘no man’s land’, as no there are still evident lines of support and resistance putting a vise around BTC. Yet, in a recent podcast, a leading crypto ‘OG’ claims that eventually, the flagship digital asset will begin to run, and to ...
Bitcoin Is The Answer: Paypal Bans Cybersecurity News Outlet12.4
To many, Bitcoin is a censorship-resistant, decentralized, immutable, and borderless transactional tool that transcends centralized boundaries. But for many Westerners, these inherent features aren’t something that’s all too useful in day-to-day life. However, with the rise of Internet censorship and anti-“radical” narratives, some believe that the need for decentralized mediums of value and infor...
Crypto Tidbits: Bitcoin Stolen From Electrum Users, Litecoin Sponsors UFC3.8
While the holiday spirit was in full swing over the past week, the crypto industry maintained its unrelenting drive for growth and adoption. The Litecoin Foundation divulged a sponsorship with the UFC, while Bitcoin’s Lightning Network continued to swell. However, it hasn’t been all sunshine and rainbows, as the Electrum Wallet came under attack, while Huobi and Bitmain laid off employees.
Bitcoin May Breach $333,000 By 2023: Why This Prediction Isn’t Crazy18.2
There’s no denying it, the crypto industry is known for its eccentric individuals, statements, and startups. John McAfee, for example, promised to consume his family jewels if Bitcoin (BTC) doesn’t reach $1 million apiece by 2020’s end. While McAfee’s call is by far the most bizarre, especially what he wagered, he isn’t the only industry insider to expect for BTC to break out of its quintuple digi...
Consensys’ Wild Ideas and Squandered Funds Has Led to Major Layoffs
Ethereum incubator Consensys is to cut 50 to 60 percent of its employees. The blockchain software company has already laid off 13 percent of its workforce in order to survive the bear market. According to one source, lack of product, wild ideas and an inability to sell technologies has made Consensys’ position financially precarious. As a result, Consensys will need to make further cuts.
Tim Draper Backed OpenNode Startup Raises $1.25 Million to Develop its Bitcoin (BTC) Payment Processing Platform
Tim Darper backed startup of OpenNode announced that it had successfully raised $1.25 Million to fund its venture to create a better and easier way to accept Bitcoin (BTC). Many merchants have been known to be for the idea of integrating Bitcoin payments onto their businesses, but very few payment processing solutions exist in the crypto-verse.
OpenNode raises $1.25M to make it easier for merchants to accept bitcoin-16.86
OpenNode, a Tim Draper-backed startup, announced it raised $1.25 million on Tuesday and it’s hoping that its new platform will change the way people view bitcoin. In most corners of the market, bitcoin is viewed primarily as a store of value, rather than an everyday medium of exchange. OpenNodes is building a bitcoin payments platform with a focus on ease of use, the firm says. It’s plug-and-play ...
Cryptocurrency Viability Analysis 2018 Q4-5.8
Cryptocurrency market continues to plunge with major currencies losing over 40% market cap in just a span of one month (From the second week of November 2018 to the second week of December 2018). Bitcoin’s dominance over the marketplace escalates while the bearish momentum is still lurking. Despite the slowdown in the trade, visionaries like Tim Draper, Peter Lynch, Bill Gates, Jack Dorsey, Patric...
Tim Draper Doubles Down On $250,000 Bitcoin (BTC) Prediction, Cites Global Adoption28.32
Tim Draper, a legendary venture capitalist based in Silicon Valley, has long been a believer in Bitcoin (BTC), reportedly buying boatloads of the asset (a reported 40,000 coins) in 2014. And even while BTC has exploded in value since then, undergoing a bull run that sent cryptocurrencies ‘to the moon’, Draper has claimed that he hasn’t sold, as he still expects this newfangled asset class to boom ...
Eight Historic Bitcoin Transactions22.96
There’s nothing particularly special about a bitcoin transaction. Every day, 300,000 of them occur on the BTC and BCH networks without fanfare. But occasionally, a perfunctory transaction will attain historical significance. These bitcoin transfers can be viewed in any blockchain explorer, where they have been immortalized by the public ledger and mythologized by the public.
Bitcoin Turns Ten: Today And What’s Next?15.38
Today, on October 31st, 2018 — a date that many decentralists have been clamoring for — Bitcoin, the world’s first internet-connected autonomous network, has officially reached the youthful age of 10. While Bitcoin has been lauded as a resounding success in recent years, initially, as covered in this series’ previous edition, “Bitcoin Turns 10: A Blast To The Past,” Satoshi had trouble jump starti...
Bitfinex Investigation Outcomes: Manipulations with the Fall in the USDT, Trading Bots Involved2.78
One Bitfinex employee, with access to insider information, has shared details of the Bitfinex investigation in regards to the anomalous growth of Bitcoin and decrease in the USDT. According to the employee, Bitfinex itself was not connected to the situation. Although, a third-party connected network of trading bots, that were set up for massive USDT sales, were implicated in the Bitcoin exchange r...
Fundstrat Analyst: Don’t Buy Bitcoin (BTC) Just Yet, Be Patient8.79
On Monday, October 8th, the crypto market surprisingly saw some semblance of price action, with nearly every single crypto asset posting 1.5 percent gains (or more) at one point in the day. Bitcoin, for example, moved from $6,550 to $6,650, with some claiming that a breakout past the $6,800 resistance level was imminent. Some optimists even claimed that Monday’s move was the spark that would’ve ca...
Bitcoin Price Predictions: From Zero to a Million – What do the Experts Think?52.17
It’s been a wild year for cryptocurrency prices thus far, exemplified by the meteoric rise and subsequent crash of granddaddy Bitcoin. After cresting a high of more than $19,000 in December, Bitcoin’s price tumbled down to less than $6,300 in early February. Since then, it’s vibrated at a relatively low range while the market as a whole made several false starts.
Digital Currency Group Leads As VC Investment In Blockchain Startups Rises 300%-0.13
Investing in the blockchain and cryptocurrency industry may have gotten more complicated over the years as regulations have tightened, but this has done little to discourage venture capital firms. According to a new research, VC investment in the industry has nearly tripled in the first three quarters of 2018 compared to the whole of 2017. ASIC manufacturing king Bitmain has been the most heavily ...
Crypto Market Surges $20 Billion With Positive Developments, Factors and Trends21.89
“The bulls are coming… the bulls are coming,” cried crypto speculators as the market saw an unexpected resurgence on Thursday, with a majority of the foremost crypto assets posting gains that reminded many of 2017’s monumental bull run. Bitcoin, for one, saw a strong move above the $6,500 line of resistance, which triggered a five percent decline in the amount of BTC in Bitfinex’s short selling co...
Tim Draper Maintains $250k Bitcoin (BTC) Price Prediction35.34
As reported by Ethereum World News just days ago, Tim Draper, a venture capitalist and well-known cryptocurrency proponent, claimed that the total value of all crypto assets would reach a staggering $80 trillion over the next 15 years. Speaking on-stage at an event during Singapore’s so-called ‘cryptocurrency week’, the investor claimed that cryptocurrencies and their underlying technology will be...
Tim Draper: Crypto Market Cap Going to $80 Trillion in 15 Years-4.65
Cryptocurrency, Bitcoin (BTC)–Tim Draper, venture capital investor and cryptocurrency proponent, made a recent prediction that the total market capitalization of cryptocurrency would reach $80 trillion in the next fifteen years. First reported by the news outlet DealStreetAsia on Friday, Draper made the statement while speaking at a cryptocurrency Summit event in Singapore.
Whales On The Move: Somebody Just Transferred $193 Million Worth Of Bitcoins From A Billion-Dollar Wallet176.67
Players in the Bitcoin market are anxious to dig up anything they can about a Bitcoin whale spotted doing something that could potentially impact the market, especially seeing as the Bitcoin market has been running between bears and bulls of late. Crypto investors spent the better part of the early Thursday trying to understand the motive behind the movement of about 30,000 BTC from a huge wallet ...