32 year old English singer and song writer once turned down an offer of 200000 bitcoins for a gig that she performed in 2010.
If you are thinking that you are the only one who missed the chance to become a millionaire or even a Billionaire in this Bitcoin rally, then you are wrong, you are not alone, according to latest media reports, Lily Allen the famous singer and song writer mentioned that once she was offered 200000 Bitcoins to perform a Gig few year ago, at that time Bitcoin didn’t worth much, so the singer turned down the offer.
Lily Rose Beatrice Cooper (born 2 May 1985), known professionally as Lily Allen, is an English singer, songwriter, actress, and television presenter. She is the daughter of actor Keith Allen and film producer Alison Owen.
Official website: http://lilyallenmusic.com/
Bitcoin price just crossed $12000 mark today and according to today’s rate if she had received 200,000 Bitcoins and stashed them until now, they would now be worth around $2.4 Billion.
She would have been one of the richest celebrities
That amount would have made her one of the richest people in showbiz, way more of a baller than Madonna, who’s worth around $500, and Beyonce, who’s worth $349m.
Though Allen’s decision to turn down this offer sounds crazy today, but five years ago one bitcoin was worth practically nothing, as there was no market or exchanges to sell it. The cryptocurrency’s price has been extremely volatile since its emergence
Is Toronto Next to Accept Bitcoin for Property Taxes?
Toronto is the biggest city of Canada with a population of more than 6 million. It’s also one of the leading global financial centers which makes it an attractive place for investors.
Bitcoin has emerged as the leading cryptocurrency in the world and attracted a lot of attention from financial investors. There are many crypto exchanges and investors in Toronto, which makes it an important destination for crypto startups and investors.
Recently, there has been a surge in usage of Bitcoin in the Real Estate world as lot of companies around the world are now accepting Bitcoin for buying and selling of properties. In April 2019, Innisfil, A town located in Ontario, at a distance of about 1 hour drive from Toronto, announced that they will accept Bitcoin for property taxes at the municipal level. In July this year, Richmond Hill announced that they are ready to accept Bitcoin as a payment method for property taxes.
Evan Kuhn, Co-Founder of a Toronto based crypto exchange Coinberry believes that integration of Bitcoin as a payment method for property taxes in Toronto can reduce cost, not only for tax payers, but for municipalities as well. Kuhn mentioned
“It doesn’t cost homeowners to use the service, and it costs the municipalities far less in processing fees”
“A credit card company charges a 3% fee,” he said. “Our fee is .5%, so that’s a lot more beneficial for the municipalities.”
He further explained the entire process to make it simple for the users and for the authorities. “When a resident makes a payment through our exchange, the company immediately converts the Bitcoin into Canadian Dollars and pays the relevant authority, so in basic concept this entire process works like a credit card system but with lower fee for both parties”
Morning Crypto Roundup
- Crypto market entered into a consolidation phase, with market cap at around $265 billion, market is currently trading in a range
- Bitcoin stays above $10,000
- Gray scale reported in a recent report that there are 7.1 million active Bitcoin users worldwide with more than 32 million Bitcoin wallets.
- After Innisfil and Richmond Hills, is Toronto next to explore an opportunity to pay property taxes through Bitcoin?
- According to a report from CryptoCompare.com, Untrusted crypto exchanges are dominating the crypto volume with more than 2/3 share