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The chives growing in one crypto tycoon's California mansion carry a hidden message. Guo Hongcai, a beef salesman turned early bitcoin adopter from China's Shanxi province, is one of many freshly minted millionaires funneling parts of their wealth out of the country by purchasing real estate abroad. In April, Hongcai sold 500 bitcoin in the U.S. then used that money to buy a 100,000-square-foot mansion in Los Gatos, a 90-minute drive from San Francisco, California. His Rolls-Royce, also purchased with the fruits of bitcoin arbitrage, sits in the driveway close to a small chives garden. "It's very normal to sell bitcoin in the U.S. After selling bitcoin, you can just buy anything you want," he told CoinDesk. Guo calls this secondary residence his "Mansion of Chives," because the vegetable is also Chinese slang for crypto investors who prove vulnerable to big sell-offs. As Chinese regulators clamp down on industry business on the mainland, crypto millionaires are turning to foreign real estate markets to diversify their holdings. Some purchase property directly with crypto, others like Hongcai use bitcoin to gain foreign currencies without going through a bank. The founders of one U.S. crypto real estate startup, who spoke on condition of anonymity, told CoinDesk roughly one-third of their prospective users hail from Asia, figures which include Chinese investors seeking tokenized property rights through Hong Kong securities brokers. According to the South China Morning Post, real estate purchased in Hong Kong doesn't require the same taxes and documentation as other financial assets held abroad. Chinese investment in foreign real estate, often through Hong Kong brokers, has been rising for years. Now early bitcoin adopters are utilizing new wealth for familiar patterns. Read More - Click The Link In Bio via @coindesk

‼️👉 Stellar #xlm has had an excellent week at both the fundamental and technical levels. The platform, known as #ripple ’s #decentralized competition, has seen a considerable increase in its market cap as well as a growing credibility in the general business markets. A few days ago #ibm mentioned that they would be working on their own #stablecoin based on #blockchaintechnology . Stronghold USD will be a #cryptocurrency backed one-to-one by fiat US Dollars held at Prime Trust, a bank with which IBM has a solid #partnership #crypto #cryptocurrencies #trx #trading #blockchain #bitcoin #btc #ethereum #eth #ada #cardano #exchange #technology #tech #instalike #icoglobal #cooldex #dex #binance #bittrex

Samsung is reportedly accepting cryptocurrency payments in several Baltic States using crypto payment platform CopPay. The Lithuania-based company made the announcement today. Customers in Tallinn, Riga, Vilnius, and Kaunas in the countries of Estonia, Latvia, and Lithuania will be able to purchase Samsung smartphones, tablets, laptops, TV sets, and more with cryptocurrency. 💰💰💸📊💰💰 #litecoin #Ethereum #bitcoin #CrytoFamilyWorldwide #cryptoworld. #cryptocurency #Ripple #IOTA #litepay #ether #bullmarket #Daytrading #Hodl #Hodlgang #hodl4life #cryptomining #JimRohn #EricThomas #binance #hack #cryptohack #stellar #tron #eos #taxes #innovation #blockchain #NEM #cryptominer #cryptotrading

Banking institutes across the world are either jumping on the cryptocurrency industry bandwagon or recoiling in horror that someone dares challenge their monopoly on currency creation. A former JP Morgan executive this week pointed out that banks already know that crypto could possibly change the world as we know it and may be too large to react to the changes.💰💸📊📝 #litecoin #Ethereum #bitcoin #CrytoFamilyWorldwide #cryptoworld. #cryptocurency #Ripple #IOTA #litepay #ether #bullmarket #Daytrading #Hodl #Hodlgang #hodl4life #cryptomining #JimRohn #EricThomas #binance #hack #cryptohack #stellar #tron #eos #taxes #innovation #blockchain #NEM #cryptominer #cryptotrading

At the recent CNBC institutional investor Delivering Alpha Conference, Ken Griffin openly expressed his opinion against the digital assets. While Griffin’s words may be turning a few heads, this is not the first time the billionaire spoke ill of cryptocurrency. Back in December, when bitcoin surpassed the $1,000 mark, Griffin said the coin fever was a bubble. Unlike many other voices, he believed bitcoin was not a fraud but the bubble would eventually end. At the time, Griffin admitted blockchain technology would eventually have a profound impact in the future world order. Since then, his opinion seemingly remains the same. Interviewed by business journalist Andrew Ross Sorkin, Griffin let out his true thoughts on cryptocurrencies at Pierre Hotel’s ballroom in New York. Sorkin teased Griffin, asking him what was he saying to his portfolio managers who wanted to invest in cryptocurrencies. Griffin didn’t hesitate, saying, “I don’t have a single portfolio manager who has told me we should buy crypto. Not a single portfolio manager.” Surprisingly, the billionaire confessed he has wondered if his company should make markets in cryptocurrencies. However, in the end, he wasn’t able to put money in it, as he says cryptocurrencies are not a product he believes in. Read More - Click The Link In Bio via ccn.com

The crypto phenomena is upon us. There is no turning back. You take the fiat job — the story ends, you wake up in your bed and live your ordinary life. You take the crypto job — you stay in Cryptoland, and you’ll see how deep the decentralization goes. #altcoins #blockchain #fintech #invest #entrepreneur #venturecapitalist #cryptocurrency #massadoption #bitcoin #financial #decentralized #digitalassets #dent #iost #ncash #binance #cryptonews #hodl

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Payments giant Mastercard suffered a severe outage last week that led to a hold-up in transactions. As reported on July 12 by the Financial Times, it had a global impact, sparking a round of complaints from the payment firm's customer base.⚠🚧💡 #litecoin #Ethereum #bitcoin #CrytoFamilyWorldwide #cryptoworld. #cryptocurency #Ripple #IOTA #litepay #ether #bullmarket #Daytrading #Hodl #Hodlgang #hodl4life #cryptomining #JimRohn #EricThomas #binance #hack #cryptohack #stellar #tron #eos #taxes #innovation #blockchain #NEM #cryptominer #cryptotrading

Customers in Tallinn, Riga, Vilnius and Kaunas can buy Samsung smartphones, tablets, laptops, TV-sets, and more with digital money. Stores in the Baltic States now accept cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, Dash, Nem, and Steem as a means of payment using CopPay technology. ------ Follow @cryptocurrency.newsss ------ #cryptocurrencytrading #cryptotraders #cryptos #cryptolifestyle #cryptocurrencyinviestments #cryptowallet #cryptorevolution #cryptomeme #cryptolife #cryptomoney #ethereum #vscodailydose #photography #vscocam #vsco #vscoedit #btc #binance #bitcoin #investing

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