May 27, 2020 - Smart Wealth Investments

Leading Australian Regulated Micro-Investing App Adds Bitcoin Option for Investors

May 27, 2020 SmartWealth

Popular demand for cryptocurrency has prompted Australia’s leading micro-investing platform Raiz (formerly Acorns) to add a bitcoin investment option. Individual investors can round up their spare change and regularly invest in a bitcoin investment portfolio. Leading Australian Micro-Investing App Now Offers Bitcoin Exposure Australia’s leading micro-investing platform Raiz announced on Tuesday that it has launched a portfolio with a bitcoin allocation. The new portfolio, called Sapphire, took 18 months to develop. Its investment objective “is to provide exposure to bitcoin in a managed, risk-adjusted way,” the company described. Raiz CEO…

Bitcoin Suisse: Users Can Now Trade Gold Against Bitcoin and Ethereum

May 27, 2020 SmartWealth

Swiss crypto financial firm Bitcoin Suisse has added gold, silver, and platinum to its platform, allowing users to trade the precious metals against both bitcoin (BTC) and ether (ETH), as well as five other major fiat currencies. The precious metal trades are available for 24/7 trading with immediate cash settlement, the company announced on May 26. The offering is not physically settled, it said, and claims are limited only to crypto and fiat. Users can invest a minimum of 100 Swiss francs ($103) without custody fees for holdings up to…

Trump Threatens to Close Down Social Media Platforms After Twitter Tampers With His Tweets

May 27, 2020 SmartWealth

A row with Twitter has provoked U.S. President Donald Trump to threaten to close down social media platforms. This follows Twitter tampering with Trump’s tweets to alert people to fact check his claims. Trump is further outraged by Twitter’s use of “fake news” sources to fact check his tweets. Meanwhile, some people are happy with Twitter’s action. Trump Warns Social Media Platforms: Clean Up Your Act or Be Shut Down U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies after Twitter added a warning…

Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference

May 27, 2020 SmartWealth

One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned Zhan two times not to intervene with employees. Last October, news.Bitcoin.com reported on the Chinese mining rig manufacturer Bitmain and how the company purportedly filed for an initial public offering (IPO) with the Securities and Exchange Commission in a confidential fashion. Nothing ever transpired with the IPO, at least…

Bitbuy, Knox Team to Offer Insured Custody for Bitcoin on Exchange

May 27, 2020 coinmaker

Today, insured bitcoin custody provider Knox has announced its partnership with Canadian cryptocurrency exchange Bitbuy in a sign of growing interest for offline and insurable third-party storage solutions. “Bitbuy is partnering with Knox … allowing its clients to have their bitcoin stored in an offline vault with insurance up to the full value of holdings,” according to a press release shared with Bitcoin Magazine. “This is a significant development for the burgeoning cryptocurrency industry, and makes Bitbuy the world’s first platform to find a way to keep the full value…

Bitwage and Gemini Partner to Launch Bitcoin-Based Retirement Plan for Employees

May 27, 2020 SmartWealth

Cryptocurrency payroll service Bitwage has announced the launch of a Bitcoin 401 (k) plan, allowing companies to give their employees a BTC-based retirement plan. In a press statement, Bitwage, which claims to have tested the product on its own employees for 10 months, said workers now have the ability to invest their pre-tax and post-tax dollars in BTC, through their employer. A 401(k) is a retirement plan that allows employees of a company to save and invest for retirement on a tax deferred basis. Under the plan, companies can match…

Bull Run Imminent? Hodl Waves Chart Shows 60% of Bitcoin Hasn’t Moved in a Year

May 27, 2020 SmartWealth

According to the creator of the analytical bitcoin data web portal, Look Into Bitcoin, a chart often referred to as ‘Hodl Waves’ shows a bull run could be imminent. The web portal’s analyst Phillip Swift recently tweeted that 60% of all the bitcoin in circulation hasn’t moved in twelve months. The last time this trend took place was in 2016, months before the start of the 2017 crypto bull run. 60% of Bitcoin’s Supply Hasn’t Moved in Over a Year Last March, news.Bitcoin.com reported on a research report authored by…