Coronavirus And Its Impact On Bitcoin
Coronavirus is sweeping the globe, with countries and their citizens at large affected adversely. According to www.worldometers.info, on the 26th February 2020, the current death toll from Coronavirus stands at a shocking 2,764 people, with an existing 80,997 confirmed cases across 42 countries. Coronavirus, as defined by the World Health Organization, is “A large family of viruses which may cause illness in animals or humans. In humans, several coronaviruses are known to cause respiratory infections ranging from the common cold to more sever diseases such as Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS).” The disease is …
Australian Dollar Plummets To A Ten-Year Low
The Australian dollar is in dire straights after falling to record lows overnight after the Reserve Bank cut interest rates by 25 basis points. The Australian dollar hit a record 10-year low, the lowest it has been since the global financial crisis (GFC) , falling to 66.77 US cents. The last time we saw a drop like this was in March 2009, when the Australian dollar bottomed out at around 67.44 US cents. The currency has been on a gradual deterioration for more than one and a half years, and has resisted recovering positively since this time. US-China Trade War …
Ray Dalio – “Cash Is Trash”
In a recent CNBC interview, whilst attending the World Economic Forum in Davos, Switzerland, Raymond Dalio has professed “cash is trash”. Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, philanthropist and billionaire investor has warned investors against ditching and selling off their stocks for dollars. Instead, Dalio suggests that people focus on building a diversified investment portfolio. “You have to have a balance.” This is a far contrast from billionaire, Warren Buffett, who at the last count was sitting on $128 billion in cash. This comment comes from Dalio’s professional stance on currency, warning that the value of …
9 Ways To Make Money With Bitcoin
Ever since bitcoin hit it’s all-time high in December 2017 and again earlier in 2019 when bitcoin went on a bull run after the 2018 crypto winter, people have been wondering how they can make money with bitcoin. This guide will share 9 different ways that are used to make money with bitcoin. Bitcoin Trading HODLing The term HODL is perhaps the most original cryptocurrency term which came about when a trader named ‘GameKyuubi’ misspelled the word hold in a bitcoin forum, when he meant to say he will hold his profits instead of selling. HODLing is a form of …
What Is Ethereum?
A short article about the second biggest cryptocurrency in terms of market cap, at $16.2 B at the beginning of December 2019. Many newcomers to cryptocurrency do not know that there are other cryptocurrencies besides the original crypto. If bitcoin aims to be the next digital money that replaces internet banking than Ethereum is a next level operating system for complex financial systems replacing third parties which are vulnerable to external influences. “Bitcoin is first and foremost a currency; this is one particular application of a blockchain. However, it is far from the only application. To take a past example …
What is Bitcoin Mining?
Bitcoin is often compared to gold and for good reason. Bitcoin was designed to function as gold, both as a form of currency and a store of value, but additionally it was designed to act like a scarce resource that has a limit so that people could not ‘print’ more bitcoin whenever it suited them. There is a limited supply of bitcoin (21 million) and in order to make it available for use, it needs to be ‘mined’ by Bitcoin miners. Unlike physical gold, bitcoin prospectors don’t need pickaxes to dig through dirt, instead, they use powerful computers to solve …
Bitcoin Isn’t Slowing Down
Bitcoin has spiked to new highs and optimism has returned to bring in the new decade, 2020, showing little signs that the cryptocurrency is slowing down. This is the best start to the year for Bitcoin since 2012. Bitcoin, the number one cryptocurrency, has passed $10,400 USD within the last 24 hours, rising by 54 percent, with all signs and expert analysts pointing towards much greater gains in the very near future, even within days to come. This has left analysts not discussing anymore whether or not Bitcoin is recovering, but now analysing, how high the price of BTC will …
Australia’s War On Cash
Australia is under threat of a controversial Currency Restriction Bill, also known in the public eye as the ‘cash ban’. The Currency Restriction Bill is aiming to ban cash payments above $10,000, and can impose a two-year jail sentence and fines up to $25,200, for people using cash above this limit. This forces people and businesses to use electronic transactions and cheques over cash. The proposed cash ban was first argued that the implementation would help to stop criminal gangs from using large sums of cash for purchases of cars, houses and jewellery in an attempt to launder their gains …
Australia’s Worst Superannuation Funds – Is Yours On The List?
They have been named and shamed! Last year, 2019, chief regulator, The Australian Prudential Regulation Authority (APRA), who is an independent statutory authority that supervises institutions across the banking, insurance and superannuation financial system has released the worst performing superannuation funds in the country. These underperformers are making dreary returns for their clients and on top of that, charging them high fees in return for dull financial results. On December 10th, 2019, APRA released their much awaited ‘heatmap’ tool, which “provides assessments of the performance of every MySuper superannuation product.” “The heatmap provides stakeholders with transparency on the outcomes being …
Recent Comments