EOM Update – November 2020
November was yet another successful month for NGS Crypto and all of our valued members. With Bitcoin (BTC) being at an all time high, our clients are sitting in a great position with their Digital Asset Mining investments. NGS Members have taken full advantage of the high prices, with majority of them securing their profits made, and safeguarding those into a new NGS Crypto Initial Mining Agreement (IMA). This compounding strategy allows NGS members to capitalise on these higher returns without the risk of losing profits already made. NGS Crypto members, depending on their investment amount, earn 10% – 15% …
BTC Adoption To Reach 90% By 2030
Bitcoin (BTC), which has been hailed as the best performing asset of the decade, has recently had a major influx of interest, especially within the Blockchain space, the underlying technology behind BTC. Brian Estes, found of investment firm Off The Chain Capital, has predicted that it will take 10 years for Bitcoin to reach 90% adoption. “I think in 2029, 2030, when 90% of US households and people in the Unites States use cryptocurrency and Bitcoin, then I think it becomes a stable part of the economy and not just the US economy, but I think the world economy.” Estes …
Introduction to Investing in Crypto with Digital Asset Mining
Cryptocurrency’s are taking the world by storm. They are fast becoming a more trusted form of currency to use, especially in countries experiencing economic turmoil, and with people and organisations who no longer trust the traditional form of the banking system. There are many ways to obtain and enter into the crypto space, however, one of the safest and more stable means is to invest into crypto mining. What Is Cryptocurrency Mining? Cryptocurrency mining is a process in which transactions for various forms of cryptocurrencies are verified and added to the Blockchain digital ledger. Also known as cryptocoin mining, altcoin mining, digital …
Horizen Coin – Bringing Privacy To Life
Horizen Coin, or as some may know it best from its previous name ZenCash, is a privacy focused Blockchain that is a fork of the ZClassic, which was a fork of the original Zcash coin. The technology that Horizen Coin utilises is the Zcash’s ZK-snark technology, which is a highly advanced privacy technology system that makes use of Zero Knowledge Proofs. The Horizen network has been shaped in order to embody a range of privacy-focused capabilities, which include: A decentralised autonomous organisation A private messenger, known as ZenChat An anonymous publishing platform, known as ZenPub A TOR-like domain fronting service, …
Binance Launches Direct AUD Deposits For Australian Users
Binance, the world’s largest cryptocurrency exchange has just launched that Australian users can now deposit AUD directly onto the trading platform, to buy and sell cryptocurrencies. Binance first launched their exchange platform to the Australian market in July 2020, with the new AUD functionality being announced on Friday 9th August 2020. Australian traders are now able to directly fund their Binance trading accounts, and pay through their PayID system, which transfers from fiat currency almost instantly and is supported by over 100 Australian banking institutions. This new function by Binance now opens up the Australian cryptocurrency trading market to a …
Benefits of a Mortgage Refinance
Are you looking at refinancing your current home loan? When you refinance your mortgage you are essentially getting a new mortgage to replace the original one you signed, this can be very beneficial as you are able to obtain a better interest rate and term. Given the current economic situation and the ‘mortgage holiday’ Australians are experiencing now is a great time to re-consider your mortgage opportunities and know what options are available to you. Here at NGS Crypto we are currently offering a FREE, no obligation, over the phone financial discovery consultation to discuss your mortgage refinance options and …
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 …
‘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 …
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 …
China and Brazil to Replace Fiat With Cryptocurrencies
Due to a rapid inclination and surge towards the use of Blockchain technology and cryptocurrencies, citizens of China and Brazil are now seriously considering the replacement of fiat currencies with cryptocurrencies. Blockchain technology has harvested many widespread enthusiasts globally. Many countries, and large mainstream companies have been adopting and Utlising the technology for quite some time now and seeing great benefits to the system. Cryptocurrencies are not far behind, receiving large amounts of well-deserved attention over time. In a recent report issued by Deloitte, one of the big four accounting platforms, they have highlighted the status quo of Blockchain technology …
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