Blockchain Gaming Booms as Cryptocurrency Realm Expands With the cryptocurrency realm expanding, blockchain gaming is experiencing substantial growth, offering gamers worldwide an increasingly diverse array of choices for leisurely gaming. According to CoinTelegraph, a recent Newzoo report indicated that the video games market is projected to reach $200 billion in 2022, marking a 5.4% year-over-year...Continue Reading

The Cryptocurrency Market: Cryptocurrency Analysis – October 20, 2022 It’s crucial to consider two factors: The impact of an economic downturn The forthcoming BTC halving event The decline of the US Dollar has exerted downward pressure on all risky assets, including cryptocurrencies, which have been subject to persistent selling throughout the year. Despite cryptocurrencies being...Continue Reading

The Role of Cryptocurrency in Times of War According to Chainalysis, an American blockchain analysis firm that aids its customers in blockchain analysis, cryptocurrency-related activity in both Ukraine and Russia has increased as a result of the deadly war between the two nations.      Due to interest rate hikes to curb increasing fiat inflation...Continue Reading

Understanding the USD’s Impact on Cryptocurrency Investments The US dollar (USD) has strengthened significantly over the course of 2022 as the Federal Reserve hiked interest rates in an effort to quash hyperinflation. The U.S. Dollar Index, which measures the greenback against a basket of other currencies, is up nearly 18% so far this year.  ...Continue Reading

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

Lessons from Crypto.com’s $10.5M Error Crypto.com, has mistakenly transferred $10.5 million to a Melbourne woman, Thevamanogari Manivel, back in May of 2021, when they were simply trying to process a refund of $100.     The exchange is currently reeling from the expensive accident, revealing the mistake was only picked up 7 months later in...Continue Reading