News

Crypto portfolio manager CoinStats announces major updates to invest...

CoinStats, a leading cryptocurrency portfolio manager and DeFi wallet app, has announced some major updates as it looks to streamline users’ por...

Ethereum (ETH) breaks $2,000 as Stellar (XLM) and DigiToads (TOADS)...

Ethereum price just broke above $2,000, hitting the key level after the Shanghai upgrade that went live on Wednesday, 12 April.  While the top sm...

DigiToads (TOADS) winning over Decentraland (MANA) and Sandbox (SAND...

The cryptocurrency world is constantly evolving and bringing new opportunities for investors to capitalize on.  The latest token that is making w...

AllianceBlock partners with ABO Digital to boost crypto financing

AllianceBlock, the company that seeks to bridge TradFi and DeFi through next generation decentralized infrastructure, has partnered with ABO Digital,...

What are some of the opportunities and challenges associated with De...

Highlights • DeFi enables distributed access to financial services without any central intermediaries. • One of the core premises of DeFi is that un...

Is Ethereum bears in control at the moment?

Highlights,Ethereum, just like Bitcoin, took a tumble following the recent unsettling reports involving Silvergate Capital.,ETH has lost about -5.7% o...

Are NFTs taxable in Australia?

In some countries, the tax implications of crypto assets is a hazy subject, but not in Australia. Assets, including NFTs, attract a CGT levy, and the...

Can you withdraw cryptocurrency in Australia?

Cryptocurrency assets can be liquidated in Australia using intermediaries’ services like an exchange or an ATM provider.

Are NFTs available in Australia?

NFT assets are available in Australia, but there is a possibility that a particular asset like CryptoPunks might not be listed on all exchanges.

Who invented Bitcoin and why?

Invented by Satoshi Nakamoto, the purpose of Bitcoin was to be developed as an ‘electronic cash system’

Is Dogecoin available in Australia?

Dogecoin, considered the world’s first joke or meme crypto, is available in Australia.

Is there a legal way to avoid tax on cryptocurrencies in Australia?

Tax is due when a CGT event arises. CGT is not levied when donating a crypto asset to a DGR.

Is it possible for Bitcoin to drop to zero?

Bitcoin essentially derives value from backers who continue to believe that the cryptocurrency can one day find broader utility. Any severe blow to th...

Crypto winter of 2022 and the road ahead

There are speculations that Bitcoin and altcoins might bounce back and fears that values may drop even further given the atmosphere of high interest r...

Can Bitcoin work offline?

For now, no Bitcoin transfers can be made without recording changes in the underlying blockchain network, for which internet connectivity is a must.

How do stablecoins like Tether make money?

Some say, Bitcoin could be a not-for-profit currency system, which exists only to provide a blockchain-supported digital currency to people.

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.