THE WORLD IS IN $13 TRILLION OF DEBT
This week alone negative-yielding bonds have grown by about $1.2 trillion, yes trillion! Forcing the overall global total past $13 trillion for the first time in history. As a result of this, Austria, Sweden and France have now too become the latest governments with debt of 10-year yields below zero. Ed Hyman, Evercore ISI Chairman has responded in an interview with Bloomberg stating, “The message from the markets is that there are problems out there that central banks, not just the Fed, are now responding to.” In Europe too this week, yields on Danish debt which is due to mature …
48 CRYPTO EXCHANGES APPROVED IN THE PHILIPPINES
The Philippines is becoming the latest hot spot for cryptocurrency exchanges, with the country now home to 48 exchanges. 11 of the cryptocurrency exchanges are registered by the central bank, the Bangko Sentral ng Pilipinas, with 37 other crypto exchange operators licensed by the government-owned Cagayan Economic Zone Authority (CEZA). The Central Bank of the Philippines has adopted a formal regulatory approach to Cryptocurrencies via the issuance of Circular No. 944, which was introduced February 7th 2017. The issuance requires any business engaged in the exchange of Cryptocurrencies for fiat money in the Philippines to register with the Central Bank …
CRYPTO MINING GIANT, BITMAIN, LAUNCHING IN THE US
In the latest company development by Bitmain Technologies Ltd, a crypto mining giant will soon be relaunching its Initial Public Offering (IPO) plans in the United States (US). Bloomberg reported that “People with knowledge on the matter” have stated Bitmain is currently in consultations with advisors to launch in the US within the second half of 2019. According to sources, they will lodge all relevant documents needed with the US Securities and Exchange Commission in July 2019. It isn’t yet finalised the amount that Bitmain wants to pursue through fundraising however, it has been suggested that they are hoping to …
BTC SET TO HIT HIGHS WE HAVE NEVER SEEN BEFORE
This month we have witnessed the price of Bitcoin (BTC) skyrocket, touching the $11,000 mark in a 15-month high. But do not hold your breath for it has been predicted that once BTC was able to push past this resistance level, we will see price highs like we have never seen before. Crypto Trader and well-known Bitcoin Bull, Josh Rager, is just one analyst that is predicting the price of Bitcoin will rise from here on in. In a tweet from Rager, posted on June 22nd 2019, he stated, “$BTC is likely to hit $60k+ this coming uptrend … And …
LIBRA WILL INTRODUCE BILLIONS OF NEW USERS TO THE WORLD OF CRYPTOCURRENCY
With the introduction of Facebook’s new cryptocurrency, Libra, soon to hit the market in the first half of 2020, it is inevitable that billions of new users will be introduced to the world of cryptocurrency. Facebook has been working consistently over the past year developing the new cryptocurrency, which will be managed by a non-profit association with ongoing monetary support from a variety of big name companies and organisations. It has been suggested that Libra will leverage Facebook’s 2.7 billion users monthly into the cryptocurrency arena, bringing digital currency into the mainstream. Head of research at Blockchain, Garrick Hileman, said …
BTC – HAIL THE NEW CURRENCY
Bitcoin (BTC) has a unique nature that puts it far above any other currency types on the market, especially the unstable and unreliable fiat currencies currently in circulation. BTC is the currency of the modern age, and as we have seen before in the histories of monetary usage and reliability, it is a great alternative to what is currently available. Throughout history we have expanded, explored and moved with the times and we have seen the evolution of money change dramatically, and for the better. We moved from the barter trade to gold, through to the metal coin and onto …
US FINANCIAL SERVICES COMMITTEE REQUESTS HALT ON FACEBOOK’S CRYPTOCURRENCY
In the latest development of Facebook’s cryptocurrency, Libra, the United States House of Representatives’ Financial Services Committee Chairwomen, Maxine Waters, has requested that Facebook put a halt to the development of its cryptocurrency. Waters, in a statement provided, explained, “Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action.” What has bought this decision to light by the Financial Services Committee is unclear for now. However, we do expect further information to come to light …
BTC IN A BETTER POSITION NOW THAN IN 2017 – HERE IS WHY
Bitcoin (BTC) has yet again smashed through the $9,000 threshold and all indicators are strongly suggesting that we are at the beginning of the next significant Bull Run. The last time Bitcoin hit $9,000 and above was back in November 2017, when we saw the price ultimately hit a record all time high of around $20,000 USD per coin. Investors were in a good position back then and now the coin is set to be in an even better position than it was in 2017, and here is why. Big Businesses Want To Get Involved Since 2017 to current day …
BIG BACKERS ARE BEHIND FACEBOOK’S CRYPTOCURRENCY, LIBRA
We are all aware of the hype around the upcoming launch next year, 2020, of Facebook’s new cryptocurrency, Libra, but what does it actually mean for the cryptocurrency arena, and will it be successful? In the latest news from over the weekend, it has been confirmed that Visa, MasterCard, PayPal and Uber are among only some of the major firms that will invest in the cryptocurrency. It has been announced that the financial, e-commerce, venture capitalists and telecommunications firms will invest around $10 million each. The money invested by the companies will be used to fund the creation of the …
AUSTRALIAN PROPERTY MARKET IN “DEEP TROUBLE” BUT THERE IS A BETTER INVESTMENT FOR YOU
The Australian property market is in dire straits, with the Barefoot Investor, Scott Pape, warning all Australians that the housing market is in “deep trouble” and on the brink of collapse, and we are living through “monetary madness.” Currently the Australian economy is in a strikingly similar situation as what the Irish economy was in before it inevitably crashed. Due to the central banks cutting rates to an all time low of 1.25 percent, and the new Prime Minister, Scott Morrison’s new policy plan to further help people buy their first home, this will only allow more people the ability …
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