Coinbase To Launch Crypto Loans
Coinbase, one of the United States and the world’s largest and most popular cryptocurrency exchanges has revealed that they will soon begin offering Bitcoin (BTC) and crypto backed loans to their customers. Coinbase customers will soon have the option to take out fiat loans against around 30 percent of the Bitcoin (BTC) they already hold. Not all loans will be in BTC, however, the digital asset will definitely back them. To begin with Coinbase is only offering loans at this stage of up to $20,000, with interest rates on the loans locked in at 8 percent or less. If you …
Melbourne Property Goes On The Market For 73 BTC
It is not the first time an Australian property has been sold in exchange for Bitcoin (BTC). A Victorian man has recently put his Melbourne property on the market, asking for between 67-73 BTC for the property. The property owner can expect to sell his property for the equivalent of $850,000 to $950,000, going off the latest BTC price. In a recent article published by the Herald Suns’, Samantha Landy, the four bedroom, four car garage, pool and man cave style house has been put up for sale because the owner considers Bitcoin to be “better than cash.” In the …
Is Bitcoin Ready For An Astonishing Rise In The Next 48 Hours?
According to Morgan Creek Digital Executive, Jason Williams, Bitcoin’s three-month-long horizontal trading range may see a massive price spike within the next 48 hours. In a recent Tweet, Williams stated to his 41,000 followers that BTC appears to be set to be on a big move upwards, as the worlds top performing asset of the decade approaches the peak of a rising triangle pattern on its short-term timeframe. “This feels like a little World Cup of sorts. Bitcoin could break out on or about the 22nd. I don’t think I would want to be on the sidelines going into this …
Mortgage Re-Financing And Investment
Currently there is a hold on Mortgage re-payments due to the financial hardship that Covid-19 has put on many of us. The Australian Government has just released that they are extending the hold on mortgage re-payments. The new extension will be processed on a case by case basis depending on individual circumstances, with the banks expecting those who are able to resume repayments to start doing so by the end of their six-month deferral in September. The additional deferral will also have no impact on a customer’s credit report or their credit rating. The Australian Banking Association chief executive Anna Bligh said …
PayPal To Introduce Crypto Capabilities
PayPal, one of the biggest online payment platforms has just confirmed that it is busy working towards bringing crypto capabilities to its platform. Currently, PayPal has in excess of 277 million active accounts globally and available over 200 markets worldwide. Through a PayPal account you are able to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in your account in 25 currencies. PayPal was introduced to Australians in 2005, with 7 million active accounts in Australia alone. The Block has reported that the decision made by PayPal to introduce crypto capabilities to its …
Are Banks Buying Bitcoin On The Down Low?
In a recent interview, Jason Williams of Morgan Creek Digital has said that major banks are buying Bitcoin (BTC), and they don’t want anyone in the public to know about it! Williams believes that Banks are investing into the best performing asset of the decade (BTC) and don’t want people to know about it to ensure that the price of Bitcoin doesn’t spike too high too soon. Over the past ten years, since Bitcoin has come into existence and into our every day lives, banks have been against the digital asset, and spoken strongly about this on a public level. …
‘Mortgage Holiday’ To Come To An End – The Next Move You Need To Make
At some point financial relief and what we know as a ‘mortgage holiday’ will come to an end, however, you do have options available to you to help you restructure your mortgage and set yourself up with a mortgage free holiday for the life of your mortgage. The Australian housing market and economy has taken a massive hit, one, which we have not experienced since the Great Depression. Since the outbreak of the Corona Virus the Australian economy and housing market has struggled, and now with a second wave hitting we can expect the economy to suffer for two to …
170% Surge In Crypto Travel Revenue For Australian Tourism Economy
Australia’s international travel is for now off the cards, however, domestic travel is slowly opening up in some states. A new partnership between Expedia and Travala has come to the rescue and could see domestic crypto travellers boost the travel industry revenue drastically. Travala, Australian owned online travel agency is now accepting Bitcoin (BTC) payments through a new partnership with international travel booking giant Expedia. This new partnership will boost the travel industry by an estimated 170 percent, and deliver a much-needed digital currency injection into the Australian tourism industry. Since Australia’s international travel ban has been in place, and …
Generation Z – Re-Writing How Markets Work
Generation Z also known as the ‘true digital natives’ are re-writing how markets, especially crypto markets are operating. Members of Gen Z are those born roughly around the time period of 1995 to 2010. They are the known as the earliest youth; they have been exposed to the Internet, to social networks and to the mobile systems. This has provided them with the knowledge and comfort of collecting and cross-referencing many sources of information. Generation Z is the largest generation in the world, making up for almost 30 percent of the U.S population. Crypto To Accelerate As The New Traditional …
Proof Of Work and Proof Of Stake – A Basic Guide
Mining cryptocurrencies and the way in which it is executed can be hard to wrap your head around. One of the ways in which mining is evolving is moving from Proof Of Work (PoW) to Proof Of Stake (PoS). With technology advancing and becoming more innovative miners are starting to move from PoW to PoS. Let’s take Ethereum for example; Ethereum currently holds the second largest market cap, with Bitcoin holding the major. Ethereum is due to launch their 2.0 upgrade, which will see them change their mining algorithms from PoW to PoS. Both algorithms allow miners to process transactions …
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