BITCOIN MINERS MAKE $16 BILLION IN BOCK REWARDS IN 6 YEARS
The price of Bitcoin (BTC) is still very volatile, and as we witnessed over the weekend we saw the price of BTC wildly swing from as low as $7,600 to a high of $10,070 in as little as 24 hours. However, this is the cruel nature of trading BTC, where mining BTC on the other hand has had a much silkier ride, especially in more recent years. We witnessed the bull run of 2017, which was responsible for a number of changes to the crypto space during this time. Before this, very few people had heard of or were educated …
BTC PRICE UP BY 838 MILLION PERCENT IN LAST 10 YEARS
There has been no other asset in history like Bitcoin (BTC). BTC has made astonishing amounts of progress that no other asset has experiences in term of gains in value, and its digital scarcity mechanism has undoubtedly worked and passed the market test as we see the price continue to increase even in regard of the amount of volatility that BTC is currently experiencing. If we look at the history of BTC over the last ten years the upward movement cannot be disagreed with. This time ten years ago just over 5000 Bitcoins were sold for just over $5 in …
BTC: THE GREATER THE STORM, THE GREATER THE RAINBOW
If you follow the price of Bitcoin (BTC) you will have definitely noticed over the last few weeks that BTC has continued to hold a sideways position, and dropping from a high of around $12,000 USD back down to hold around the $8,000 mark. Bitcoin trader and well known activist on Twitter “Crypto Michael” suggests that the longer the current sideways accumulation continues for BTC, the stronger the next Bull Run will be for the top ranked digital currency. “If this was a real parabolic move, Bitcoin would already be back at $6,000 by now. The longer we range and …
HOT GOSSIP – BTC HALVING EVENT DUE TO COME EARLIER THAN EXPECTED
The Bitcoin (BTC) halving date my come earlier than the expected May 2020 date previously proposed. Due to the recent major increase in the hash rate of BTC, traders globally are now speculating that the halving will now come early than expected. For this halving however, the change of the date is not affecting the BTC price action in any way. When does the Bitcoin halving occur? Bitcoin halving occurs when a total of 210,000 blocks are successfully mined, once this number has been reached, the award on each individual block is reduced to half. A Blockchain halving event has …
BITCOIN MINING TOPS $14 BILLION IN REVENUE
In recent data published by Coin Metrics, Bitcoin mining revenue has gone to an all time high breaking $14 billion, and miners are earning more than ever before. This time last year, the mining revenue broke $10 billion, and is on track to break $15 billion come early 2020. Since the end of 2017, the bitcoin hashrate has too exploded after the last Bull Run, which saw the price of Bitcoin hit historic highs of around $20,000. The hashrate rose from 15 exhashes at the beginning of 2018 to 60 exhashes come August 2018, and now it has reached even …
FAMILY OF 5 TRAVELLING THE WORLD COMPLETELY FUNDED BY BTC MINING
Meet the Taihuttu family; a family of five travelling the world for the last 2.5 years funded 100 percent by Bitcoin (BTC). In a recent interview conducted by cryptonews.com, Didi shared his story of how and why they made the decision to live and travel with his wife and three children, completely funded by BTC. When Didi’s father passed away in January 2016, he was burnt out from running two businesses and questioned his quality of lifestyle that he was sharing with his family. Didi, who entered the cryptocurrency mining arena in 2013, already knew of the benefits of mining …
NEW ZEALAND CHANGES ITS LAWS – GET PAID YOUR INCOME IN BTC, LEGAL AND TAXABLE
New Zealand’s Tax Office, the Inland Revenue Department (IRD), has just announced that it is now legal to receive salaries paid in Cryptocurrencies, and they will be taxed accordingly. The new law was passed on June 27 2019 and will be in effect, at this stage, for three years from September 1st 2019. The new law falls under the Tax Administration Act 1994 (section RD 3), with the IRD publishing in their August Bulletin that an employee can be paid salaries in crypto assets as long as the payments are for services performed under an employment contract, are for a …
AUS DOLLAR PLUMMETS TO A 10 YEAR LOW – HOW YOU CAN SAFEGUARD YOUR MONEY
The Australian dollar has plummeted to below 67 US cents for the first time in 10 years, and it could go even lower! This comes after the Reserve Bank of New Zealand followed in Australia’s shoes and unexpectedly slashed their interest rates. The cash rate was cut to a record low of one per cent, however, it was done very swiftly and dramatically. Commsec Chief Economist, Craig James, suggest that the Reserve Bank of New Zealand was worried about the nations slow economic growth pace as the United States continually engages in the Trade War with China. “Growing global trade …
BTC BULL, POMPLIANO, HAS OVER HALF OF HIS NET WORTH IN BTC
Anthony Pompliano, well-known and self-advocated Bitcoin Bull and founder of capital management firm, Morgan Creek, has stated in a recent interview with CNBC’s Squawk Box, that over half of his new worth is in Bitcoin (BTC). Pompliano, prior to the interview, explained why he believes NOT holding Bitcoin, as a part of a portfolio is irresponsible. “We’re now entering a position where its actually irresponsible for institutions to not have exposure to this asset, and the reason is their job is to find assets that actually can provide non-correlation to the rest of the markets, especially in times of global …
SAMSUNG GALAXY S10 INTRODUCES THEIR CRYPTO WALLET APP
Attention Samsung Galaxy S10 owners, you now have access to a Crypto Wallet App straight from your device! Pundi X and Samsung have announced that they have partnered up together, despite being Blockchain Smartphone rivals, to integrate between the two companies wallet products. Pundi X in a recent blog post commented on the new partnership describing it as a unique opportunity in which Samsung’s millions of users will be directly exposed to distributed ledger technology and crypto assets, “The XWallets integration with the Samsung Blockchain Wallet thus makes Pundi X payment ecosystem available to a much wider audience, allowing the …
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