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 …
RESEARCH PROVES THAT 83% OF AMERICANS WOULD INVEST IN BTC
In a recent 2019 Investor Study, published this month (July) by Digital Asset Management Fund, Grayscale Investments has found that 83 percent of American investors would highly consider an investment in Bitcoin (BTC). The demographics, attitudes and beliefs on Bitcoin investors overlapped considerably with those of the traditional investor. The report revealed that while Bitcoin investors were more slightly experienced and risk-tolerant than the traditional, average investor, their political reviews, income levels and professions is closely related to the profiles of a broader pool of charted investors. The report published by Grayscale Investments reported that, “Bitcoin has expanded its reach …
A HISTORY OF FIAT AND HOW BITCOIN HAS DOMINATED
For the last 5,000 years money has been one of the most important but least understood manmade tools in existence. Money has been used as a tool of exchange since it first came into existence during the ancient Mesopotamia era in 3,200 BC, when people first used tablets, known as pictographic tablets, to account for goods such as grain, meal and malt. Skip forward a few hundred years to the time of the medieval days, it was during this time that people began to trade notes, and ultimately human beings saw the birth of fiat. At the very same time, …
TOP 10 BITCOIN-FRIENDLY COUNTRIES
A cryptocurrency is just one of the many ways you can make a transaction in a marketplace, and the ability to carry out the payment depends on the acceptance of such a system and many factors including, but no limited to Internet access and societies recognition of digital payment options compared to physical fiat currencies. To break it down into simple terms, Bitcoin’s (BTC) decentralised network allows users to transact directly, peer to peer, without the need for a middleman to manage the exchange of the funds. By allowing this and having this option available is increases system efficiency and …
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