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 …
AUSTRALIA COULD BE FORCED TO TAKE “UNCONVENTIONAL” METHODS TO SAVE THEIR ECONOMY – HOW YOU CAN SAFEGUARD YOUR FINANCES
The Reserve Bank of Australia (RBA) has exposed that in the very near future it could be forced into “unconventional” methods of trying to claim back the Australian economy and get it back on track. It has been suggested by the RBA that Australians, for the first time in history, could soon be paid to borrow money from the banks in order to stimulate and recover the economy. RBA Governor, Phillip Lowe, explained to the governments standing economic committee on Friday, that the bank was now considering “unconventional” approaches in order to get the country moving forward in a positive …
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 …
VICTIMS LOSE $2.7 MILLION IN GOLD COAST CRYPTO SCAM – DON’T BE FOOLED! THINGS YOU NEED TO LOOK FOR WHEN CONSIDERING A SAFE INVESTMENT
A Gold Coast based cold call cryptocurrency investment company has just come under the radar as a scam after more than 100 Australians have been conned into handing over an estimated $2.7 million, with one victim alone losing more than $850,000, according to police. A total of five people, three men aged 33, 44 and 56 and two women, aged 21 and 28, have been arrested and charged over the scam, which ran from 2017 until May 2019. Among the victims are mostly senior citizens, which detectives have said the scam has “ruined a lot of lives”, and it will …
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 …
BTC BULL, POMPLIANO, HAS OVER HALF OF HIS NET WORTH IN BTC
Anthony Pompliano, well-known and self-advocated Bitcoin Bull and founder of capital management firm, Morgan Creek, has stated in a recent interview with CNBC’s Squawk Box, that over half of his new worth is in Bitcoin (BTC). Pompliano, prior to the interview, explained why he believes NOT holding Bitcoin, as a part of a portfolio is irresponsible. “We’re now entering a position where its actually irresponsible for institutions to not have exposure to this asset, and the reason is their job is to find assets that actually can provide non-correlation to the rest of the markets, especially in times of global …
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 LATEST SIDE HUSTLE EARNING YOU MONEY WHILE YOU SLEEP
Does your J.O.B make you enough money? Or are you constantly wishing you earned more? More money to travel, more money for the kids, more money for the weekend or more money to pay off your mortgage? Your not alone, it’s a common problem in todays current economic climate that people do not earn enough money for the amount of hours they work! It can be frustrating to be in a financial rut and not be able to find a way out. There are several signs that you do not make enough money, you just need to recognise them. Do …
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