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A cryptocurrency is a virtual or digital currency that uses cryptography for security. Because of this security feature, cryptocurrencies are difficult to counterfeit. A defining feature of a cryptocurrency is that it is not issued by any central authority such as a central bank, making it theoretically immune to government manipulation or interference. For many, this is the best feature of...
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Sending money around the world can be expensive, time consuming, and complicated, especially if you’re relying on your bank. To resolve these issues, Milestone Direct has partnered with New Zealand’s largest specialist provider of foreign exchange, XE. XE Money Transfer offers an easy, quick and affordable way for both individuals and businesses to avoid the usual hassle, expense, and...
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2016 saw New Zealand named the world’s best place to live as ranked by the Legatum Prosperity Index. This has now been followed by the Credit Suisse Global Wealth Report that ranks New Zealanders the fifth richest people in the world. New Zealand has leapfrogged the UK, Singapore and Belgium to be fifth. The Swiss remain the world’s wealthiest at $US562,000 total household wealth, ahead...
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Earlier this month, the Reserve Bank of New Zealand lowered the official cash rate to the lowest it’s been in New Zealand’s history. This is a significant financial event, with practical implications for most Kiwis. So what does it mean for you?
First, let’s summarise what the Reserve Bank is.
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The rise in Bitcoin prices in 2017 was nothing short of meteoric and created an investor and media frenzy. Bitcoin became a polarising topic of discussion between those desperate to speculate on an ever-increasing rise in Bitcoin value vs those who claimed it was nothing short of demonstrating a classic bubble mentality which in due course would come crashing down.
Bitcoin has not been...
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