A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
On 4th September, BLOB of Oldham, England became the world's youngest Bitcoin investor. S/he is due to be born in April 2021 and reserves the right to change their name from BLOB at a later date. A brother and cousin, both aged under two years old, own holdings as well. OK. On to the serious bit. I'm looking to set up safe custodial cryptowallets to store these kids' holdings until around 18 years of age. It is important that these wallets are clearly the property of the child itself, and not part of the estate of an adult custodian who might not be around eighteen years from now. Has anybody got any experience of setting up a similar custodial wallet for a very young child? Any tips or pointers would be welcome. Any 'know your customer' sign-up could be fun. I guess we could upload the first scan! Thanks for any helpful suggestions.
Singapore man sentenced to prison & 12 strokes of the cane after robbing Bitcoin investor
Singapore authorities have sentenced a man for robbing a Bitcoin investor of S$365,000 (U.S $267,097) in cash, to three years in prison, and 12 strokes of the cane yesterday, according to a report in The Straits Times. The accused, Jaromel Gee Ming Li, 29 pleaded guilty to engaging in a conspiracy to commit robbery along […]
According to Chainalysis, the number of 1–3 months old wallets that choose to store bitcoin has grown to 2.25 million, the highest level since February 2018. This is almost twice as much as six months ago, when the figure was 1.16 million. After the March collapse in prices, the curve grew almost parabolic, analysts say. “The data suggests that buying pressure on BTC is increasing and the supply available to buy is decreasing as new investors are likely to plan to hold onto the coins for a longer period,” concluded Philip Gradwell, economist at Chainalysis.
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