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cryptocurrency February 19, 2018

Unknown investor(s) purchase $344 million-worth of Bitcoin, Florida yacht dealer accepts cryptocurrency payments, top 5 gainers and losers over the past 24 hours, and more!

Denison Yachting in Florida, U.S. announced that it will accept cryptocurrency as payment for new, high-end yachts. Image from niki_spasnov.

Florida-Based Yacht Dealer Begins Accepting Cryptocurrency Payments

At the Miami International Boat Show, Denison Yachting in Florida, U.S. announced that it will accept cryptocurrency as payment for new, high-end yachts. According to CNBC, Bob Denison, president and founder of Denison Yachting, has claimed that his business has already gotten positive results since implementing support for cryptocurrency payments. The cryptocurrencies accepted include Bitcoin, Bitcoin Cash, Ethereum, and Tron.

Unknown Investor(s) Buy $344 Million-Worth of Bitcoin

Bitcoin surpassed USD 11,000 yesterday after an unknown investor had bought USD 344 million-worth of Bitcoin between February 9 and February 12. According to RT.com, the purchases were done after cryptocurrency market value decreased by over 50 percent amid speculation of growing regulation and security fears.

Shark Tank’s Robert Herjavec Expresses Hesitations Over Cryptocurrencies

According to CoinTelegraph, Robert Herjavec, a frequent co-host of ABC’s Shark Tank, believes that Bitcoin is “here to stay,” but cryptocurrency will be more regulated. Herjavec claims that he is not an investor in cryptocurrency. He also expressed concern over cryptocurrency exchanges, referencing the hack of over USD 500 million-worth NEM from Coincheck last month, but he acknowledged that cryptocurrency transactions are secure.

Lenovo Files Patent to Use Blockchain Technology To Verify Physical Documents

According to CoinDesk, Lenovo has filed a patent to use blockchain technology to verify the validity of physical documents. In the patent application, Lenovo describes a system that “utilizes digital signatures encoded in physical documents, which can be processed by computers and other machines, to verify the legitimacy of a document.” The application was submitted back in August 2016.

Source: ICO Alert

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