AUSTRALIA’S LEADING MINING FARM UPGRADING TO TOP OF THE LINE TECHNOLOGY
NGS Crypto, Australia’s leading digital currency mining firm, has announced earlier this week that they are currently in the process of installing liquid cooling to all of their mining machines. Liquid cooling, or also known as water-cooling, is top of the line technology due to its unmatched thermal performance. This means that all machines running through the NGS Blockchain now uses the best cooling system on the planet, which is the only cooling system which allows for successful heat removal from critical spots within the machine that air cooling cannot reach. This new technology is an exciting step forward for …
FAMILY OF 5 TRAVELLING THE WORLD COMPLETELY FUNDED BY BTC MINING
Meet the Taihuttu family; a family of five travelling the world for the last 2.5 years funded 100 percent by Bitcoin (BTC). In a recent interview conducted by cryptonews.com, Didi shared his story of how and why they made the decision to live and travel with his wife and three children, completely funded by BTC. When Didi’s father passed away in January 2016, he was burnt out from running two businesses and questioned his quality of lifestyle that he was sharing with his family. Didi, who entered the cryptocurrency mining arena in 2013, already knew of the benefits of mining …
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 …
RESEARCH PROVES THAT 83% OF AMERICANS WOULD INVEST IN BTC
In a recent 2019 Investor Study, published this month (July) by Digital Asset Management Fund, Grayscale Investments has found that 83 percent of American investors would highly consider an investment in Bitcoin (BTC). The demographics, attitudes and beliefs on Bitcoin investors overlapped considerably with those of the traditional investor. The report revealed that while Bitcoin investors were more slightly experienced and risk-tolerant than the traditional, average investor, their political reviews, income levels and professions is closely related to the profiles of a broader pool of charted investors. The report published by Grayscale Investments reported that, “Bitcoin has expanded its reach …
DO YOU WANT TO EARN GREATER RETURNS FROM YOUR SUPERANNUATION?
In 2014, the Australian Taxation Office (ATO) issued two taxation determinations clarifying that Bitcoin and cryptocurrencies like Bitcoin are not money but are capital gains tax (CGT) assets. This new development now legally allows for Self Managed Super Funds (SMSF) to invest and transact in cryptocurrencies. NGSCrypto is the sole Australian crypto mining company that is superannuation and retirement savings approved, following strict laws and regulations set by the ATO and the Australian Securities and Investment Commission (ASIC). NGSCrypto has worked closely with industry leaders and appropriate governing bodies throughout 2018 to become fully complied under ASIC and the ATO, …
THE WORLD IS IN $13 TRILLION OF DEBT
This week alone negative-yielding bonds have grown by about $1.2 trillion, yes trillion! Forcing the overall global total past $13 trillion for the first time in history. As a result of this, Austria, Sweden and France have now too become the latest governments with debt of 10-year yields below zero. Ed Hyman, Evercore ISI Chairman has responded in an interview with Bloomberg stating, “The message from the markets is that there are problems out there that central banks, not just the Fed, are now responding to.” In Europe too this week, yields on Danish debt which is due to mature …
BTC IN A BETTER POSITION NOW THAN IN 2017 – HERE IS WHY
Bitcoin (BTC) has yet again smashed through the $9,000 threshold and all indicators are strongly suggesting that we are at the beginning of the next significant Bull Run. The last time Bitcoin hit $9,000 and above was back in November 2017, when we saw the price ultimately hit a record all time high of around $20,000 USD per coin. Investors were in a good position back then and now the coin is set to be in an even better position than it was in 2017, and here is why. Big Businesses Want To Get Involved Since 2017 to current day …
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 …
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