“PRICE FOLLOWS HASH” – BTC NETWORK POWER NEARS 90 QUINTILLION HASHES PER SECOND
The computing power of the Bitcoin (BTC) network reached an all time high in early August, and we have just seen another sharp increase with the hashing rate growing by 25 percent in just one week. Data from the monitoring resource Blockchain now puts Bitcoins hashing rate at a mind blowing 87 quintillion hashed per second, as of the 3rd September 2019. The hash rate refers to the overall computing power that is involved in processing Bitcoin transactions. The more hashing power a Blockchain, Bitcoin network or system of computers has, the more power is available to them, this then …
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 …
THE WORLD IS IN $13 TRILLION OF DEBT
This week alone negative-yielding bonds have grown by about $1.2 trillion, yes trillion! Forcing the overall global total past $13 trillion for the first time in history. As a result of this, Austria, Sweden and France have now too become the latest governments with debt of 10-year yields below zero. Ed Hyman, Evercore ISI Chairman has responded in an interview with Bloomberg stating, “The message from the markets is that there are problems out there that central banks, not just the Fed, are now responding to.” In Europe too this week, yields on Danish debt which is due to mature …
SPEND YOUR CRYPTO WITH YOUR COINBASE VISA CARD
Coinbase, one of the largest US-based cryptocurrency exchange platforms has launched its Visa debit card into six new European countries. As of June 11th 2019, Coinbase Visa Debit Card holders in Spain, Germany, France, Italy, Ireland and the Netherlands will be able to use their Visa cards, which syncs directly to their Coinbase accounts. The Coinbase visa card will allow its users to spend their cryptocurrencies at any merchant that accepts Visa cards. Giving the user the option to use any cryptocurrency of their choice. UK Coinbase CEO, Zeeshan Feroz has commented on the service explaining, “You can buy groceries …
BUY A PROPERTY IN MELBOURNE WITH CRYPTO
A new site in Melbourne’s East Ringwood area has been secured to build six new townhouses, which will be sold using cryptocurrency. Melbourne-based real estate trading platform Tycoon Global is driving the new project, has settled the purchase of the site for $6.5 million, which is near the Eastland Shopping Centre. Each unit built will have four bedrooms, two garages and will be between 180 to 250 square meters. They will be sold for the asking price of $750,000 – $1 million USD, and can be purchased using the Tycoon’s own cryptocurrency, Tycoon Coin Token (TCT). The new project will …
6 PREDICTIONS ABOUT FACEBOOK’S NEW CRYPTOCURRENCY
In the latest cryptocurrency news issued by Forbes, Facebook is soon to launch their newest cryptocurrency named Libra, which will be available to all users of their platforms, including Messenger and WhatsApp. Facebook has announced that on June18th 2019, they will reveal plans to announce the finer details of the Stablecoin. Here are six predictions made by Forbes in relation to the cryptocurrency, which is tied to an array of fiat currencies. A Powerful Force For Good, Especially In Developing Countries. Due to developing countries lack of discipline with their central banks and maintaining the value of their fiat currency, …
BITCOIN (BTC) ADDED TO MICROSOFT EXCEL AS A CURRENCY OPTION
The world is catching up to speed with the notion that Bitcoin is now a part of our everyday lives and is now acknowledged as mainstream. Microsoft has recently added Bitcoin (BTC) as a currency option to the Microsoft Office Excel program’s list of currencies. Martin Butler, Account Executive of Globals at Microsoft wrote, “Excel will be able to recognize, format, calculate, and analyse numbers expressed in Bitcoin currency. The new feature will be available for Excel running under Windows 10, Android, Mac OS, and iOS, and will include Excel mobile versions as well.” Microsoft has been a long-time supporter …
BANK OF ENGLAND’S CHIEF ECONOMIST – “BITCOIN COULD REPLACE CASH”
Bank of England’s (BoE) Chief Economist, Andrew Haldane, has shared a surprising opinion in a talk he delivered at a UK College. Haldane, whilst responding to questions, stated that he believed Bitcoin (BTC) could replace cash in the near future. A witness, who was present at the talk shared Haldane’s answer on Reddit. “Mr Haldane said it (Bitcoin) could replace cash, he even joked about us likely having Bitcoin in our wallets. He said he didn’t think it’d replace cash tomorrow, but he was quite open to the idea 20 or 30 years down the line. He was also quite …
MARK YUSKO REVEALS BTC “SHOULD BE IN EVERY INVESTORS PORTFOLIO”
Mark Yusko, CEO of Morgan Creek Capital, gave some great digital currency investment advice in a recent interview with CNBC on May 22nd. Yusko strongly advised that Bitcoin (BTC) should be in every investor’s portfolio. Yusko went on to say that he believes BTC investments would far outperform the S&P 500 investment fund over the next 10 years. When asked about investing in cryptocurrency, specifically putting money into BTC, Yusko stated, “Bitcoin is a great diversifying asset. It has very low correlation. It should be in everybody’s portfolio.” This is not the first time Yusko has been very bullish on …
INVESTMENT GURU FLIPS ON BITCOIN – “ALIVE AND WELL”
The future of Bitcoin has been brightly reignited. Mark Mobius, Investment Guru and co-founder of Mobius Capital Partners has taken a strong turn on his thoughts about Bitcoin (BTC). Previously, Mobius once branded Bitcoin a “real fraud”, but has now come out in a recent newswire podcast with Bloomberg, announcing that he strongly believes that Bitcoin will be “alive and well” in the future. “There is definitely a desire among people around the world to be able to transfer money easily and confidentially. I believe that Bitcoin and other cryptocurrencies of that type are going to be alive and well.” …
Recent Comments