BTC – “It doesn’t get much more bullish than this”.
Bitcoin has been surging drastically this week, along with other large cryptocurrencies, seeing three-month highs. In the last 24 hours, Bitcoin alone has broken the $9,400 mark, hitting $9,435.87 USD. This has called for positive alarm with expert analysts saying that the next Bull Market is well and truly here. Thomas Lee, Head of Research at Fundstrat Global Advisors, has affirmed that Bitcoin has crossed the line of its two hundred day moving average, representing a very notable market move. In one of Lee’s latest tweets he has strongly suggested that the leading crypto asset will experience big financial gains …
4 Advantages Of Crypto Mining vs. Trading Crypto
Cryptocurrencie’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 the crypto space, with mining and trading being the two most popular. When mining Crypto’s, we must understand that they are mined into existence, or, they are bought into circulation. By doing so as a miner, you are rewarded for this in the form of Crypto’s. For example, when mining Bitcoin …
MASTERCARD IS STARTING A CRYPTOCURRENCY TEAM
MasterCard has sparked interest in the cryptocurrency arena and is seeking professionals to start a cryptocurrency team. “Do you have the desire to work at the cutting edge intersection of payments and Cryptocurrencies,” MasterCard asks. MasterCard has stated that those hired will, “Monitor crypto currency ecosystem trends and develop new products and solutions.” CEO of LowCards.com, Bill Hardekopf, says MasterCard, “Sees there’s a lot of activity in this area. Even if it isn’t going to offer its own cryptocurrency, they know its important to have people who understand the subject.” MasterCard is not the only one who is getting on …
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 …
CHINA SET TO RELEASE THEIR OWN DIGITAL CURRENCY
After five years of extensive research, the People’s Bank of China (PBoC) has announced that its digital currency “can now be said to be ready.” PBoC Deputy Director Mu Changchun, who also states that the digital currency adopts Blockchain Architecture, made the announcement at the China Finance 40 Forum on August 10. The digital currency will operate on a two-tier system in order to cater to the nations “complex economy with a vast territory and a large population,” with the PBoC on the main higher level of operation and commercial banks operating underneath. This means that the system will convert …
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 …
AUSTRALIA SET TO LIMIT CASH PAYMENTS BUT NOT CRYPTOCURRENCY
Australia’s Department of Treasury has recently published a new set of guidelines under the Currency (Restrictions on the Use of Cash) Act 2019, and it is not surprising to see that cryptocurrency has made the exceptions list. The draft legislation, which puts forward a new set of preliminary guidelines that govern the size of cash based currency payments, proposes that a, “Payment limit of $10,000 for payments made or accepted by businesses for good and services.” Further stipulating in the draft that, “Transactions equal to, or in excess of this amount would need to be made using the electronic payment …
FACEBOOK TO LAUNCH DIGITAL WALLET IN WAKE OF LIBRA CRYPTO
In the wake of Facebook announcing that they are soon to launch their very own Cryptocurrency, dubbed Libra, it has now unveiled their latest plan to create a new digital currency wallet and financial system, in the hope to transform the way money is moved around globally. Since news broke about Facebook’s cryptocurrency, Libra, many big name global companies are standing strong behind the project. Partners include payment companies such as Visa, Stripe, PayPal and Mercado Pago. Among the tech companies these include eBay, Lyft, Uber and Spotify. The new digital wallet, named Calibra, will be initiated for its users …
BTC SET TO HIT HIGHS WE HAVE NEVER SEEN BEFORE
This month we have witnessed the price of Bitcoin (BTC) skyrocket, touching the $11,000 mark in a 15-month high. But do not hold your breath for it has been predicted that once BTC was able to push past this resistance level, we will see price highs like we have never seen before. Crypto Trader and well-known Bitcoin Bull, Josh Rager, is just one analyst that is predicting the price of Bitcoin will rise from here on in. In a tweet from Rager, posted on June 22nd 2019, he stated, “$BTC is likely to hit $60k+ this coming uptrend … And …
LIBRA WILL INTRODUCE BILLIONS OF NEW USERS TO THE WORLD OF CRYPTOCURRENCY
With the introduction of Facebook’s new cryptocurrency, Libra, soon to hit the market in the first half of 2020, it is inevitable that billions of new users will be introduced to the world of cryptocurrency. Facebook has been working consistently over the past year developing the new cryptocurrency, which will be managed by a non-profit association with ongoing monetary support from a variety of big name companies and organisations. It has been suggested that Libra will leverage Facebook’s 2.7 billion users monthly into the cryptocurrency arena, bringing digital currency into the mainstream. Head of research at Blockchain, Garrick Hileman, said …
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