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Cryptocurrency
Is there any ‘safe’ stablecoin in the cryptoverse?
December 05, 2022 04:42 PM AEDT| By Ankit SethiSince any sovereign authority does not issue stablecoins like USDT and USDC, adequate reserves in cash and cash equivalents must be maintained.
Is Shiba Inu (SHIB) a shit coin?
December 04, 2022 10:00 AM AEDT| By Ankit SethiProponents expect that by adding new features like an in-house blockchain, SHIB can gradually overcome the tag of a shit coin.
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Does the crypto industry need rebooting?
December 03, 2022 05:00 PM AEDT| By Manu Shankar• FTX has to be one of the biggest names to fall in 2022 thus far. • Godfrey John Bewicke-Copley, a member of the House of Lords, emphasized that the crypto industry needs to work with regulators and should consider rebooting the system.
5 major crypto failures, including bankruptcies, of year 2022
November 30, 2022 08:16 PM AEDT| By Ankit SethiCryptocurrencies are risky not for one but for many reasons. The primary reason is that no major country, including the US, China, and Australia, favours the use of cryptos in payments.
What is the connection between Australia’s CBDC and Ethereum?
November 30, 2022 02:49 PM AEDT| By Ankit SethiThe 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 use Ethereum’s permissioned blockchain.
What could be Dogecoin’s future? What was DOGE’s highest price?
November 29, 2022 02:51 PM AEDT| By Ankit SethiMusk 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?
November 28, 2022 02:33 PM AEDT| By Ankit SethiAccording 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?
November 27, 2022 10:30 AM AEDT| By Ankit SethiBitcoin and Ether have lost value since the ASIC survey last November. Projects like the TerraUSD stablecoin and the FTX exchange collapsed this year, which must have alerted enthusiasts.
What does Tether cryptocurrency do?
November 27, 2022 10:00 AM AEDT| By Ankit SethiTether claims to have sufficient reserves, meaning each USDT token floating in the market is backed by reserves held in cash and cash equivalents like US Treasury Bills.
Does stablecoin Tether (USDT) lose value?
November 23, 2022 03:47 PM AEDT| By Ankit SethiAny currency, digital or otherwise, which maintains a peg with some other commodity like gold should always be backed by reserves so that redemption requests are never turned down.
Understanding cryptocurrency treatment in Australia
November 22, 2022 03:25 PM AEDT| By Ankit SethiIn Australia, Bitcoin or any other cryptocurrency is not recognised as money. But this does not mean the government and/or regulators have not addressed the subject matter.
Is Dogecoin a meme coin?
November 21, 2022 03:05 PM AEDT| By Ankit SethiThe wider cryptocurrency world identifies Dogecoin as a ‘meme’ coin, especially because its creators suggested this theme.
Does Tether (USDT) stablecoin pay interest?
November 20, 2022 11:00 AM AEDT| By Ankit SethiThe Tether project claims to provide ‘liquidity’ to individuals and an easy medium of exchange for merchants.
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Astra Protocol ICO: What you need to know
November 16, 2022 04:50 PM AEDT| By James PrestonICO is short for initial coin offering. It is a product of the cryptocurrency industry, where developers of a particular project use it to raise additional funds.
Are Tether and USDT same?
November 13, 2022 10:00 AM AEDT| By Ankit SethiFor now, USDT remains the biggest offering of the Tether project. However, other stablecoin tokens of the project highlight the error made when assuming that Tether and USDT are one and the same thing.
EU Commissioner pitches for CBDC regulations
November 10, 2022 08:02 PM AEDT| By Manu ShankarEU Commissioner Paolo Gentiloni feels the CBDCs need to be regulated as well.
Is the UK now contemplating NFT regulations?
November 08, 2022 11:17 PM AEDT| By Manu ShankarThe 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
November 08, 2022 12:02 PM AEDT| By James PrestonDEFIWALL 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?
November 06, 2022 11:00 AM AEDT| By Ankit SethiIntermediaries like cryptocurrency exchanges allow the conversion of fiat currency to Bitcoin and the other way around.
Is Tether (USDT) an independent blockchain?
November 06, 2022 10:00 AM AEDT| By Ankit SethiTether 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 cryptocurrency with a stable value.
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