RESERVE BANK OF AUSTRALIA (RBA) CUTS INTEREST RATES TO HISTORIC LOW  The official interest rate has been cut yet again by the RBA to a new record low of 0.75%. The cut of 0.25% follows similar an earlier cut in July. RBA Governor Philip Lowe highlighted the following points in his post-meeting statement: The decision...Continue Reading

HASHING IT OUT On 18th September, Blockchain.com reported Bitcoin’s network hashrate hit a record-breaking high of 102 quintillion hashes for the first time ever. Canadian crypto researcher and well-known analyst Kevin Rooke commented that, “Difficulty is projected to grow 60% this quarter, and it was already at an all-time high when Q2 ended”. This increase...Continue Reading

18th SEPTEMBER 2019 DOLLAR COST AVERAGE-The Allure I’ve talked about dollar cost average approaches to investment plans before – which refers to assigning a fixed investment at a fixed interval over a long period. For example, $100 a week, every week for two years. This approach can work particularly well for those who either don’t...Continue Reading

Crypto Bull Market-ARE YOU READY TO RUN WITH THE BULLS? The crypto bull market has been pretty light on the news this week which gives us a chance to reflect on the last bull run in 2017. Make sure you take time to consider your personal goals and profit points for the next run and...Continue Reading

Ethereum Blockchain- No Vacancy Vitalik Buterin, has said that the Ethereum blockchain is almost full and that its scalability is a big bottleneck. He stated that: “If you’re a bigger organization, the calculus is that if we join, it will not only be more full but we will be competing with everyone for transaction space....Continue Reading

GUESS WHOS BAKKT, BAKKT AGAIN Partnering with ICE Futures US and ICE Clear US, Bakkt have finally been cleared for launch by the CFTC. On September 23rd this year, Bakkt will bring the investment community a custodially held and physically settled platform which could in turn act as a significant catalyst for Bitcoin price appreciation....Continue Reading

FEDERAL RESERVE BUILDING ON BLOCKCHAIN? The US Federal Reserve Board has announced it will create a service called FedNowSM, a payment network “…intended to advance public policy goals for faster payments and to help support the modernization of the nation’s payment capabilities”. While the announcement doesn’t specifically reference partners or blockchain, they do mention they’ve...Continue Reading

IS FACEBOOK BACKING OUT OF LIBRA? Libra & Facebook has had a less than ideal first few weeks in the spotlight. US Congress has made it abundantly clear that anything other than regulatory perfection from Calibra and Facebook would end with fines and legal proceedings. CNBC reported this week that Facebook admit the launch of...Continue Reading

BitMEX AND DR DOOM Earlier this week, US economist Nouriel Roubini aka Dr Doom (who was once described as a ‘Bitcoin sadist’), criticised Seychelles-based BitMEX for violating strict US regulations which prevent American citizens from trading on their platform. Roubini went so far as to accuse the platform of aiding in money laundering and referred...Continue Reading

TRUMP TWEETS Last week, bitcoin and cryptocurrency were thrust into the Twittersphere spotlight once again but this time thanks to Donald Trump who tweeted the below from his personal account. This is the first time a sitting American President has referenced publicly or even acknowledged cryptocurrency. It seems the news of Libra has unsettled the...Continue Reading