CHINA SET TO RELEASE THEIR OWN DIGITAL CURRENCY
After five years of extensive research, the People’s Bank of China (PBoC) has announced that its digital currency “can now be said to be ready.” PBoC Deputy Director Mu Changchun, who also states that the digital currency adopts Blockchain Architecture, made the announcement at the China Finance 40 Forum on August 10. The digital currency will operate on a two-tier system in order to cater to the nations “complex economy with a vast territory and a large population,” with the PBoC on the main higher level of operation and commercial banks operating underneath. This means that the system will convert …
NGS GROUP PERFORMANCE REPORT – WE ARE CONTINUING TO MOVE FORWARD WITH A DEBT FREE BALANCE SHEET, DESPITE THE LAST BEAR MARKET
The NGS Group, Australia’s leading Blockchain mining company has just released their Performance Report for the financial year period of June 1st 2018 to June 1st 2019 and the results are very impressive. NGS is an international investment institution focused on delivering the best synergy of encrypted currency investing. NGS was established in 2016 in order to raise capital to invest through NGS Group Limited, whose primary focus is to provide more investors with the opportunity to obtain digital assets through mining and ultimately enjoy significantly higher returns in a low risk environment. This has resulted in an improved lifestyle …
BITCOIN BULLS ARE BACK
Over the past several weeks we have seen a spike in the uprise of Bitcoin (BTC), setting all time year-to-date highs in the mid $8,000 USD region. Over the past week however, BTC has experienced some lower prices, dropping to around the $7,300 USD mark, and then rallying back up to now be sitting and holding at the $7,900 USD mark. Currently, at time of writing, the price of BTC is $7,602.58 -5.10%. The next level of resistance that BTC must surge above is around $8,200 USD, and not if but once this level is broken, the cryptocurrency will skyrocket …
TOP PLUMBING COMPANY ON THE GOLD COAST NOW ACCEPTS CRYPTO
Tomkinson Plumbing and Gas, the leading company on the Gold Coast, Australia for all things plumbing is the latest industry frontrunner to announce that they now accept crypto as a cash alternative payment solution. You can now pay for your plumbing services with Bitcoin. Company owner and operator, Ben Tomkinson, has opened up the payment gateway to ensure that all customers have a stress free and secure payment option available to them 24/7. “Yes we accept Bitcoin, we are staying ahead of the game”. This is a progressive step forward for the Gold Coast based plumbing company, following in the …
BITCOIN MAKES 457% RETURN IN 2 YEARS – DOW LEFT FOR DEAD
If you invested in Bitcoin two years ago chances are your spending your returns to travel the world, eat out at expensive restaurants, buying holiday homes around the world or making further investments. In the last two years alone Bitcoin has made a return of more than 457%, outperforming the S&P 500, oil, gold and the Dow Jones. To Put things into perspective for you, below is what the other investments would have made you over the same two-year period. S&P 500 – 19.9% Gold – 1.3% Oil – 31% Dow Jones – 26% Bitcoin – 457% These large returns …
CFTC: Bitcoin Isn’t A Tulip Mania
The US Commodities and Futures Trading Commission (CFTC) has surprisingly positive things to say about Bitcoin (BTC) and Ethereum (ETH) stating, “Bitcoin isn’t the tulip mania”. The CFTC, which governs the regulation of cryptocurrency commodities markets and derivatives such as Bitcoin futures, has started driving to foster innovation in the Blockchain industry, instead of regulating it into oblivion, according to Michael Gill, Chief of Staff. “The US financial markets are large, complex and successful because of innovation,” Gill stated in a speech he delivered at Paris Blockchain Week, alongside several other regulators. As a result of this the introduction of …
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