Tim Draper Sets $250,000 Target Price Of Bitcoin by 2022

Tim Draper, the venture capitalist who accurately predicted the price of bitcoin to top $10,000 by the end of 2017 is now setting his target price at $250,000 by 2022.

Market observers are not taking his words lightly as Bitcoin indeed topped $10,000 hovering above $13,000 levels by the end of the year.

Tim Draper is not only the billionaire who’s betting big on Blockchain.

The Rockefeller family whose net worth is said to be around $1 Trillion as partnered with a cryptocurrency investor group Coinfund.

Tim draper comes from a family of venture capitalists.

He graduated from Standford University majoring in Electrical Engineering and gained his master’s degree in Harvard.

Ethereum Price Recovers Above $500

The Ethereum price has returned from below $400 levels to above $500 levels with relative ease, gaining 22.24% against the U.S. Dollar in the past 24 hours and 3.42% over Bitcoin.

Many are hoping that this will turn into a new Ethereum price support level.

Demand to buy and sell is not letting up as 24-hour trading volume increased to $2.843bn.

The buyers seem to be in control of the Ether market as of the moment.

On the other hand it must be noted that a sudden reversal can happen anytime soon without apparent reason.

This might be temporary as profit-taking may kick in as it usually does during this price surges.

How this will play out remains to be unseen but indeed it will be an interesting week ahead.

70 Forks For Bitcoin So Far

There have been around 70 forks of bitcoin so far. Since bitcoin cash’s launched “Forking” has become a weekly spectacle rather than a rare event.

Many of these forked coins are relatively unknown and have not been tradable on exchanges.

Forkdrop.io has an exhaustive list of these coins and provides a great resource for guides on claiming them as well as sections of passive and active airdrops.

For those who are not particularly tech-savvy, Forkgen.tech provides an easy to use tool that can help users to claim their Free Forked coins in return for a cut.

Whether these coins are worth claiming with the risk associated with it remains debatable.

Virtual Currency Law Proposed In Bermuda To Attract Related Businesses In The Country

According to news sources The” Virtual Currency Business Act” is scheduled to be discussed in Bermuda by its legislature.

The 150 page proposal covers several cryptocurrency related activities such as issuing, selling and acquiring virtual currencies.

It will also cover crypto exchanges, wallets and service vendors.

The legislation clearly defines the intersection of fiat and cryptos to prevent market manipulations and fraud.

It will also ensure integrity of cryptocurrency owners and define mechanisms that will enable investors to have a clear description of the risk involve in crypto business.

This initiative is clearly an effort to lure in more crypto entrepreneurs in Bermuda who are seen more interested in regulatory certainty than tax advantage.

Wayne Caines, the minister of Bermuda said that the act will be a shining example of what Bermunda can accomplish.

Ancora 1919 Releases Cryptocurrency Inspired Pen

A world renowned Italian pen manufacturer, Ancora 1919 is releasing a limited edition pen that is inspired by cryptocurrency.

It has already release Bitcoin pens and now is set to launch another set of pens inspired by Ethereum.

The company will manufacture in a limited number: 888 rollerballs and 88 fountain pens.

The pens will have black and gold colored logos of Ethereum with a personal production number etched onto the bottom of the pen, making each pen unique and authentic.

Sale of this unique will follow a token generation event format where buyers/investors will be able to get different discounts depending in what phase buyers/investors enters orders their pens.

Regular prices of the pens are $2500 USD for fountain variety and $2250 for the rollerball type.

50% discounts will be given to buyers/investors on orders during the pre-production phase which runs April 8 thru May 8. 40% discount will be given to those who will purchase it during the production stage which will run from May 12-27.

Retail selling will commence on July 1.

Headlines for the world of Cryptocurrencies - April 14, 2018 **Thomas Lee Predicted Bitcoin Price By Year-End / Bitmain Gets Approved In The US For A Bitcoin Mining Operation / 2nd Largest Stock Exchange To Release Crypto Trading App / Yahoo! Japan's Entrance To Crypto Space Confirmed / China's Baidu Launches A Blockchain-Powered Stock Photo Service / **
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