Phode News Hub

  Forget about investing in Gold, Nvidia, Microsoft, Google, Bitcoin, Tesla and think about the software that drives the existence of the market capped most valuable assets . Intangible assets play a pivotal role in spuring innovation, productivity and economic growth. Most common intangible assets include intellectual property, copyrights, patents, databases, research and development, trademark, computer software, organizational assets, and skills.  These assets are essential for modern businesses to remain afloat and being innovative boosts their monetary value. World's most valuable intangible assets 1. Time : Globally, time is the most valuable intangible asset. “Time is our most valuable asset, yet we tend to waste it, kill it and spend it rather than invest it,” Jim Rohn, the pioneer personal development once stated. Time is the only commodity that cannot be retrieved, and once wasted there's no recovery mechanism meant for any gainful purpose. Time is the only de...

The real identity of the founder of Bitcoin, who is only known by the pseudonym Satoshi Nakamoto , has remained the greatest enigma of the digital age.  Despite varied inquiries and theories, nobody has been able to confirm who Satoshi Nakamoto real is and where he resides. No one can tell if the name represents an individual or a group of people. His name is Japanese and probably Bitcoin was developed by a person from Japan. Satoshi Nakamoto launched Bitcoin , a decentralized digital currency implemented on blockchain database, through a white paper in 2008. He continued contributing towards the project until 2011, after which he disappeared from public communication.  Since his disappearance Bitcoin has grown exponentially, yet the creator's identity is still unknown. Multiple reports indicate that Nakamoto control almost 1.1 million worth of bitcoins, currently valued at around $54.2 billion.  Despite huge fortunes, Nakamoto's Bitcoins are untouched since they wer...

Bitcoin crumpled after Tesla cofounder Elon Musk posted a controversial tweet that was misinterpreted by most bitcoin investors. The value of Bitcoin plummeted to $42,000 on Monday after Musk’s statement, but later rebound after he clarified that Tesla hadn’t sold its holdings. The value of the cryptocurrency surged to $45,000 following an explanation made by the world’s richest person . “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings,” Musk wrote on Twitter prompting the lowest plunge ever since February 2021. Bitcoin’s value was resuscitated from further plunge when he tweeted: “To clarify speculation, Tesla has not sold any Bitcoin.”  Musk triggered speculations when he tweeted on Wednesday that Tesla would halt accepting Bitcoin as payment for its electric vehicles over token’s insanity in energy consumption.  Earlier own, Musk attracted criticism from environmentalist over his promoti...

Barely a month after investing in bitcoin , Tesla’s profit has been publicized by analysts. According to the estimates released by an analyst from Wedbush Securities, Tesla has already made around $1 billion profit. Daniel Ives of Wedbush Securities revealed that the gains made by Tesla surpassed the profits that the company had made in 2020 from selling its electric vehicles. Unsubstantiated reports indicate that the electric car maker firm purchased bitcoin in January, but the company didn’t disclose the exact date of the purchase and the price it bought bitcoin. It is still not yet known whether the firm has sold any bitcoin yet. Ives said that: “While the Bitcoin investment is a side show for Tesla, it’s clearly been a good initial investment and a trend we expect could have a ripple impact for other public companies over the next 12 to 18 months.” As soon as Tesla made an announcement of its bitcoin investment, the value rose to a magical magnitude. According to CoinDe...

As the world undergoes digital revolution, the future of financial engagements will be under the confines of a virtual environment and the internet. The financial sector is on the verge of shifting from traditional approach to the digital one, where the speed of the process is the mantra. Cryptocurrency is fast gaining traction as top investors embrace the idea of investing in digital currency. The currency exists virtually and doesn’t have a centralized issuing and regulatory authority. It’s brought into the digital platform through a process referred as mining – a procedure that has to be verified in a global ledger called the Blockchain. Deutsche Bank described the current money system as fragile and speculated that by the year 2030, cryptocurrencies will surge to over 200 million users globally. It suggested that digital currency could, in the future, replace tangible cash. In 2021, Tesla co-founder decided to invest $1.5 billion in bitcoin and immediately after his i...