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Cryptocurrency
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.
Can Bitcoin replace gold anytime soon?
October 31, 2022 11:50 AM AEDT| By Ankit SethiAt present, Bitcoin replacing gold or other assets like stocks seems a far-fetched dream.
Can NFTs be used for commercial transactions?
October 30, 2022 11:00 AM AEDT| By Ankit SethiJust 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 or money.
Why and how Bitcoin price changes?
October 30, 2022 10:00 AM AEDT| By Ankit SethiEven the legalisation in El Salvador declaring Bitcoin as legal tender has invited criticism from various quarters, including the International Monetary Fund.
Why was Bitcoin created? Does white paper have answer?
October 27, 2022 12:21 PM AEDT| By Ankit SethiEven though Bitcoin’s white paper largely suggests that the idea behind creating it was to have a form of money that can run without any central authority, the motive is yet to be achieved.
Why the UK financial services bill may undergo a modification?
October 24, 2022 08:12 PM AEDT| By Manu ShankarMember of Parliament and Financial Secretary to the Treasury wants a modification to the Financial Service and Market Bill.
What is Bitcoin hash rate and why is it important?
October 23, 2022 11:31 PM AEDT| By Rupam RoyLet’s understand the details about hash rate and why it is important for both the investors and miners.
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