Tesla Dumps $1.5 Billion Into BTC
Bitcoin hit yet another all time high when Tesla invested $1.5 Billion into the worlds best performing asset of the decade. Founder, Elon Musk, of the worlds best known electric car, Tesla, has always been a night advocate of Bitcoin, and this just seals the deal. In an annual report filed with the US Securities and Exchange Commission, Tesla stated that, “The company may acquire and hold digital assets from time to time or long term.” When the news hit the market Bitcoin’s price increased by about 14%, hitting a new all time high and breaking past $44,000 USD. This …
Perceived Value – A Conversation With NGS Crypto
A prospective customer asked us how much would it cost to get involved with NGS Crypto? We answered with – $1,000 USD minimum The customer responded: That sounds expensive We then asked – What do you think is a reasonable entry price for the service? The customer answered – $500 USD minimum We asked the prospective client – OK, well we invite you to try and mine digital assets privately yourself. The customer answered – Sounds good! I’ll do it myself! We answered – Great! To get yourself up digital asset mining you will need to cover the cost …
Mining vs. Trading – What Is Better?
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. With the outbreak of Covid-19, this has also accelerated drastically the use of digital assets worldwide. Digital Assets are more stable than most current economies, they are hygienically safer and less volatile on a long-term outlook. There are many ways to obtain and enter the digital asset space, with mining and trading being the two most popular. However, with …
US Federal Reserve Meeting – Is Bitcoin The Answer?
The US Federal Reserve met yesterday, Wednesday 27th January, for the first time this year. High on the Financial Reserve agenda; How to keep inflation from spiralling out of control once the economy re-opens. 2020 was a very challenging year for all economies with the American economy alone pumping trillions of dollars into their financial system to keep the people somewhat afloat. With more than a million people a week filing for first-time unemployment claims, the government keeping businesses closed in order to keep the virus under minimal control, and a recently signed $900 billion relief bill that was passed …
The Perfect Crypto Christmas Gift
It’s FOUR days until Christmas! Are you still looking for the perfect Christmas gift? We have something very special! Secure a Digital Asset Mining Package through NGS Crypto, Australia’s leading Digital Asset Mining Specialists. The complete gift to secure your families financial future. How It Works When you purchase a Digital Asset Mining Package you are purchasing an investment into the crypto mining space. Depending on your investment amount will depend on the ROI that you make. NGS Members earn between 10% – 15% ROI p.a. Your initial investment amount is secured for 36-months. During the course of your mining …
The $200 Million Pizza and Bitcoin
In May 2010, Laszlo Hanyecz was the first person to make a transaction using Bitcoin to pay for a product. That product was two large pizzas from Papa Johns. At the time of the transaction one BTC was worth $0.003, making the pizzas cost around $30. Hanyencz used 10,000 BTC to pay for his pizzas. Fast forward a decade and Bitcoin is now the worlds best performing asset of the decade, recently hitting all time high of more than $19,000 USD. That $30 pizza would now be worth more than $190 million. Bitcoin To Go Higher There are many experts …
Reserve Bank of Australia Exploring The Use of Digital Currencies
The Reserve Bank of Australia has announced that it is partnering with ConsenSys Software, a Blockchain technology, Commonwealth Bank (CAB), National Australia Bank (NAB) and Perpetual to explore the impact and effectiveness of central bank digital currencies (CBDC). The RBA says it plans to develop and test a proof-of-concept (POC) for the issuance of a tokenised version of fiat currency (CBDC) for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum based platform. Financial System Assistant Governor for the RBA, Michelle Bullock has commented on the project; “With this project we are aiming to explore the …
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. …
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 …
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