The Future of Digital Currency in Australia The Reserve Bank of Australia (RBA) is expecting to push forward with its central bank digital currency (CBDC) pilot by mid-2023, according to a white paper published on Monday.   The purpose of the pilot is to “explore innovative use cases” that could be supported by the issuance...Continue Reading

What is Token Mapping? Australia cryptocurrency entrepreneur, Fred Schebesta, has stated that whilst the token mapping by the Australian government is “wonderful”, he warns it could lead to some detrimental effects on the space and wider economy.    You can read about the government’s prioritising of this token mapping in our article here.    Fred...Continue Reading

What is the Cryptocurrency Bill? Australian Liberal Politician Andrew Bragg wants to prepare Australia for a cryptocurrency bill the widespread use of China’s central bank digital currency (CBDC), the digital yuan.   China’s Digital Yuan and Its Potential Impact on Australia On Monday, a draft of the digital assets Bill was introduced, being a Bill...Continue Reading

What is Ethereum 2.0? A Game-Changer in Cryptocurrency   Ethereum 2.0, the second largest cryptocurrency by market capitalisation, has successfully finally moved to its proof-of-stake consensus mechanism.   In doing so it will reduce its energy consumption by a whopping 99.5% compared to its previous proof-of-work system.    Per TheVerge, the enormous pollution reduction comes...Continue Reading

Environmental Challenges in Bitcoin Miners A report from Arcane, published by CoinTelegraph, has indicated that While innovations in chipset manufacturing have helped reduce operational costs related to Bitcoin miners, a report has revealed the market’s potential to transform the energy industry.   Bitcoin Miners are said to be responsible for approximately 137 terawatt hours of...Continue Reading