Cryptocurrency

Do Australian banks accept Bitcoin?

Many top-ranking banking officials across the world have warned that Bitcoin and altcoins pose many risks to the financial landscape.

3 biggest setbacks of cryptoverse in 2022

Cryptocurrencies and NFTs did not have a good run in 2022, with Bitcoin losing more than half its value and assets like Jack Dorsey’s tweet NFT failin...

Do you need to declare crypto investments to ATO?

The ATO mandates preserving the records of all crypto assets-related transactions. Besides, reporting any income that accrues from the disposal of any...

Is cryptocurrency real money? What is its road ahead in 2023?

In 2022, the market value of the cryptoverse declined sharply, which has further caused concerns over any crypto’s broader use as money.

Is there Web 3.0 now? Can it gain ground in 2023?

Web 3.0 is generally believed to be an ecosystem of decentralised internet-based platforms where blockchain and blockchain-based tokens would rule.

Bitcoin and 2023: More restrictions or increased adoption?

Regulators of many countries, including the US, are also contemplating how to regulate cryptoassets and have proper laws around them.

Does Santa Claus rally phenomenon exist in Bitcoin?

Even though December 2020 was overall good for Bitcoin in terms of price growth, December 2021 was a mixed bag.

Is Ethereum better than Bitcoin?

Ethereum’s blockchain network has broader use than that of Bitcoin’s. However, the blockchain world is yet to completely mature, and hence there is no...

How does Bitcoin make money?

One theory is that the Bitcoin project does not make money, but it allows node operators to charge fees for their computing work.

Why is Tether cryptocurrency so popular?

Tether is popular because its USDT stablecoin commands the highest 24-hour trading volume. But popularity does not automatically mean protection again...

How safe is Bitcoin?

The biggest risk is the fear of a sudden ban by a regulator or sovereign authority on any or all Bitcoin-related activities.

Does Bitcoin work in Australia?

The Australian Taxation Office (ATO) has clear guidelines on how crypto assets, including Bitcoin, altcoins (alternative cryptos like Ether), and non-...

Is Ether (ETH) cryptocurrency available in Australia?

It is not clear whether the eventual CBDC of Australia would be based on Ethereum’s blockchain or not, but any progress in this regard would be closel...

All you need to know about Jurassic Shiba cryptocurrency

The project is headed by Kenneth Wilson, who acts as CEO & CTO. Wilson also operates under the moniker “Mr. Fly”.

What is Ether (ETH) cryptocurrency used for?

Ether is used as ‘money’ within Ethereum, but it cannot be compared with legal tender like the US dollar.

Is there any ‘safe’ stablecoin in the cryptoverse?

Since 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?

Proponents expect that by adding new features like an in-house blockchain, SHIB can gradually overcome the tag of a shit coin.

Does the crypto industry need rebooting?

• 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...

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...