Cryptocurrency

5 major crypto failures, including bankruptcies, of year 2022

Cryptocurrencies are risky not for one but for many reasons. The primary reason is that no major country, including the US, China, and Australia, favo...

What is the connection between Australia’s CBDC and Ethereum?

The design of any CBDC, be it that of China or Australia, is only a subject of speculation. But the RBA’s whitepaper says that the pilot eAUD would us...

What could be Dogecoin’s future? What was DOGE’s highest price?

Musk once hinted that he was working with DOGE developers to make the cryptocurrency more efficient, but no further details have been provided.

What is the progress of CBDC (eAUD) in Australia?

According to this paper, released almost two months back, the announcement on ‘selected use cases’ for the pilot eAUD is due in December 2022.

Is Bitcoin popular in Australia? Is it legal?

Bitcoin and Ether have lost value since the ASIC survey last November. Projects like the TerraUSD stablecoin and the FTX exchange collapsed this year,...

What does Tether cryptocurrency do?

Tether claims to have sufficient reserves, meaning each USDT token floating in the market is backed by reserves held in cash and cash equivalents like...

Does stablecoin Tether (USDT) lose value?

Any currency, digital or otherwise, which maintains a peg with some other commodity like gold should always be backed by reserves so that redemption r...

Understanding cryptocurrency treatment in Australia

In Australia, Bitcoin or any other cryptocurrency is not recognised as money. But this does not mean the government and/or regulators have not address...

Is Dogecoin a meme coin?

The wider cryptocurrency world identifies Dogecoin as a ‘meme’ coin, especially because its creators suggested this theme.

Does Tether (USDT) stablecoin pay interest?

The Tether project claims to provide ‘liquidity’ to individuals and an easy medium of exchange for merchants.

Astra Protocol ICO: What you need to know

ICO is short for initial coin offering. It is a product of the cryptocurrency industry, where developers of a particular project use it to raise addit...

Are Tether and USDT same?

For now, USDT remains the biggest offering of the Tether project. However, other stablecoin tokens of the project highlight the error made when assumi...

EU Commissioner pitches for CBDC regulations

EU Commissioner Paolo Gentiloni feels the CBDCs need to be regulated as well.

Is the UK now contemplating NFT regulations?

The lawmakers of Britain's DCMS committee have opened up an inquiry to understand the potential benefits and risks of NFTs.

DEFIWALL launches its FIWA crypto through ICO

DEFIWALL claims to be the “gateway to Web 3.0” – an all-in-one platform offering access to many things.

Can Bitcoin be converted into cash?

Intermediaries like cryptocurrency exchanges allow the conversion of fiat currency to Bitcoin and the other way around.

Is Tether (USDT) an independent blockchain?

Tether does not have its independent blockchain, but it is a ‘blockchain-enabled’ setup. The purpose, as claimed by the project, is to function as a c...

Can Bitcoin replace gold anytime soon?

At present, Bitcoin replacing gold or other assets like stocks seems a far-fetched dream.

Can NFTs be used for commercial transactions?

Just like an old coin or a painting by Leonardo da Vinci do not have use in commercial transactions, NFTs also cannot be used as a medium of exchange...

Why and how Bitcoin price changes?

Even the legalisation in El Salvador declaring Bitcoin as legal tender has invited criticism from various quarters, including the International Moneta...