Financial Planning articles
Crypto’s Rise in Popularity over the Past 5 Years
You may have heard about cryptocurrencies, especially with how everyone seems to be putting their money in them. But how did digital currencies exploded in popularity when they have been in existence for quite some time now?
Here is a timeline of the biggest news in the world of cryptocurrency that...
What Is DeFi?
Centralized finance is what you see every day when you conduct bank transactions. From getting loans and paying mortgages to trading stocks and buying bonds, all these activities are regulated and monitored by centralized financial institutions.
This existing system is being challenged by a new technology called DeFi. Its goal is...
The 10 Biggest Cryptocurrencies Today
Interested in investing in cryptocurrencies? Look at the list below to see which of them are the biggest in terms of market capitalization:
1) Bitcoin
Market capitalization: US$ 1 trillion As the first cryptocurrency that’s been created, Bitcoin remains the king of digital currencies. With a market capitalization that surpasses even those of...What’s An Altcoin?
Altcoin is a collective term to refer to other cryptocurrencies outside Bitcoin. The word itself is a combination of the words ‘alternative’ and ‘coin’.
More than 5,000 altcoins are in existence today. They have a smaller market cap, though, compared to Bitcoin which is a trillion.
Altcoins are introduced to the market...
Crypto Public and Private Keys – Everything You Need to Know
Digital wallets for cryptocurrencies are protected mainly by public and private keys. They’re used to encrypt and decrypt sensitive data necessary to keep your account secure and anonymous.
The private key is used to decrypt data. It’s paired with a public key, and no other key will be able to decode...
Keep Your Crypto Safe Using Cold Storage Devices
Although cryptocurrency wallets are generally safe and hard to tamper with, hackers can still find a way to gain access to them so long as they’re connected to the internet.
With a normal savings account, your money is protected up to a certain amount in case it falls victim to fraudulent...
How Do Life Insurance Companies Calculate Premiums?
For Australians, the cost of the premium is the most significant factor when deciding which life insurance policy to buy. Product features, claims reputation, and service reliability are the other criteria people look for after the premium cost.
Insurers, on the other hand, look at the following main factors in calculating...
What is staking?
Usually, if you don’t have a large capital to buy computing rigs designed for crypto mining, you have almost no chance of being profitable in mining cryptocurrency.
However, through staking, earning digital coins through minting is more equitable and rewarding.
What is Staking?
Staking is said to be the cheaper and less resource-intensive...
Which Life Insurances Are Paid Tax-Free?
Life insurance policies can save you from financial trouble during emergency situations. They can cover the expenses arising from unexpected events, keeping you from worrying about where to get money in an instant. If you don’t have enough savings in your bank account, life insurance policies can be your lifesaver.
Life...
How Many People Can Be Included in an SMSF?
Self-managed super funds (SMSF) is the perfect option to pursue your retirement goals. How it’s run should reflect on your current financial situation.
If you’re on solo-flight in running an SMSF, you’re one of the 23% of Australians that do this. An SMSF run by two people belongs to the majority...