What Is Ethereum?
A short article about the second biggest cryptocurrency in terms of market cap, at $16.2 B at the beginning of December 2019. Many newcomers to cryptocurrency do not know that there are other cryptocurrencies besides the original crypto. If bitcoin aims to be the next digital money that replaces internet banking than Ethereum is a next level operating system for complex financial systems replacing third parties which are vulnerable to external influences. “Bitcoin is first and foremost a currency; this is one particular application of a blockchain. However, it is far from the only application. To take a past example …
What is Bitcoin Mining?
Bitcoin is often compared to gold and for good reason. Bitcoin was designed to function as gold, both as a form of currency and a store of value, but additionally it was designed to act like a scarce resource that has a limit so that people could not ‘print’ more bitcoin whenever it suited them. There is a limited supply of bitcoin (21 million) and in order to make it available for use, it needs to be ‘mined’ by Bitcoin miners. Unlike physical gold, bitcoin prospectors don’t need pickaxes to dig through dirt, instead, they use powerful computers to solve …
Bitcoin Isn’t Slowing Down
Bitcoin has spiked to new highs and optimism has returned to bring in the new decade, 2020, showing little signs that the cryptocurrency is slowing down. This is the best start to the year for Bitcoin since 2012. Bitcoin, the number one cryptocurrency, has passed $10,400 USD within the last 24 hours, rising by 54 percent, with all signs and expert analysts pointing towards much greater gains in the very near future, even within days to come. This has left analysts not discussing anymore whether or not Bitcoin is recovering, but now analysing, how high the price of BTC will …
Australia’s War On Cash
Australia is under threat of a controversial Currency Restriction Bill, also known in the public eye as the ‘cash ban’. The Currency Restriction Bill is aiming to ban cash payments above $10,000, and can impose a two-year jail sentence and fines up to $25,200, for people using cash above this limit. This forces people and businesses to use electronic transactions and cheques over cash. The proposed cash ban was first argued that the implementation would help to stop criminal gangs from using large sums of cash for purchases of cars, houses and jewellery in an attempt to launder their gains …
Australia’s Worst Superannuation Funds – Is Yours On The List?
They have been named and shamed! Last year, 2019, chief regulator, The Australian Prudential Regulation Authority (APRA), who is an independent statutory authority that supervises institutions across the banking, insurance and superannuation financial system has released the worst performing superannuation funds in the country. These underperformers are making dreary returns for their clients and on top of that, charging them high fees in return for dull financial results. On December 10th, 2019, APRA released their much awaited ‘heatmap’ tool, which “provides assessments of the performance of every MySuper superannuation product.” “The heatmap provides stakeholders with transparency on the outcomes being …
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 …
AUSTRALIA – HIGHEST RATE OF RETIREE POVERTY GLOBALLY
The figures are in and they will shock you! In a recent report, “Pensions at a Glance”, the Organisation for Economic Cooperation and Development (OECD) has proved that 12.6 percent of people globally, aged 65 and over living in OECD countries are in fact living in income poverty. Income poverty is defined as an income, which is below half of the national median, aligned household income. Countries that this include, in order from best performing to worst performing are: Netherlands Ireland Italy United Kingdom Turkey United States Australia It has also been found that women, especially older women ageing 75 …
NGS CRYPTO PROUD SPONSOR OF JOHN WAYNE PARR ‘THE GUNSLINGER’ IN HIS FINAL SHOWDOWN
Worlds will collide on 30th November when John Wayne Parr ‘The Gunslinger’ and Anthony ‘The Man’ Mundine go head to head in the ring. This is a world class fighting event not to be missed, this is the last fight that ‘The Gunslinger’ will take, making the decision to enter into retirement. “Yes, this is the last one,” Parr said. “I planned to have one more Muay That fight, but unfortunately my body wont allow me. Injuries have got to the stage where the pain has taken away the enjoyment of training.” “This fight (against Mundine) I am pushing through, …
BTC WEEKLY OUTLOOK – A SURGE IS IMMINENT
Over the past few weeks we have seen the price of BTC holding stable, without much action to get excited about. However, many BTC analysts and enthusiasts strongly believe that this is exactly what the cryptocurrency needs in order to make significant gains again, with a robust price movement on the verge. BTC has had low volatility over the last three weeks which has led to the crypto commencing on a parallel channel, with every time it regains itself it is pulled back again. The lower levels of price will entice an increase in volume, which will see the price …
Recent Comments