BIG BACKERS ARE BEHIND FACEBOOK’S CRYPTOCURRENCY, LIBRA
We are all aware of the hype around the upcoming launch next year, 2020, of Facebook’s new cryptocurrency, Libra, but what does it actually mean for the cryptocurrency arena, and will it be successful? In the latest news from over the weekend, it has been confirmed that Visa, MasterCard, PayPal and Uber are among only some of the major firms that will invest in the cryptocurrency. It has been announced that the financial, e-commerce, venture capitalists and telecommunications firms will invest around $10 million each. The money invested by the companies will be used to fund the creation of the …
AUSTRALIAN PROPERTY MARKET IN “DEEP TROUBLE” BUT THERE IS A BETTER INVESTMENT FOR YOU
The Australian property market is in dire straits, with the Barefoot Investor, Scott Pape, warning all Australians that the housing market is in “deep trouble” and on the brink of collapse, and we are living through “monetary madness.” Currently the Australian economy is in a strikingly similar situation as what the Irish economy was in before it inevitably crashed. Due to the central banks cutting rates to an all time low of 1.25 percent, and the new Prime Minister, Scott Morrison’s new policy plan to further help people buy their first home, this will only allow more people the ability …
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 …
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 AND GOLD – “TO COMPARE THEM IS MADNESS
Bitcoin and Gold have been debated on for some time now that their characteristics are alike, “To compare them is madness.” John McAfee, founder and CEO of McAfee has stated in his latest tweet, “The difference between Gold and Bitcoin? Gold is a commodity, occupying space, with mass, temperature, shape. Bitcoin is an idea, made manifest through a series of numbers, with no true location or substance – a clever concept with infinite fluidity. To compare them is madness.” McAfee is not alone in his thoughts that Gold and Bitcoin should under no circumstance be compared with each other. Recently …
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