In the latest signs that Wall Street is moving towards cryptocurrency, Goldman Sachs has successfully offered its first Bitcoin-backed loan.   The secured lending facility lent cash collateralised by Bitcoin owned by the borrower, a spokeswoman for Goldman Sachs said.    “We recently extended a secured lending facility where we lent fiat collateralized on BTC;...Continue Reading

The Australian Prudential Regulation Authority (APRA) has published a letter to Australian regulatory bodies on Thursday setting out its expectations of risk management, as well as a roadmap for digital assets policy through 2025.     Chairman Waynes Byres detailed in the letter “while activities associated with crypto assets are still relatively limited in Australia,...Continue Reading

After many months of industry consultation, in November of 2021, the Australian Securities and Investments Commission (ASIC), approved long awaited Bitcoin and Ethereum exchange-traded funds (ETFs).   In doing so, ASIC has provided the best-practice requirements and guidelines for those issuing Bitcoin or Ethereum ETFs, emphasising the protection and storage of digital assets.    “We...Continue Reading

A new report out of RMIT’s Blockchain Innovation Hub, Centre for Cyber Security Research and Innovation and the Digital Ethnography Research Centre has said Decentralised Autonomous Organisations (DAOs), including a Docklands DAO, could pilot a new type of digital economic infrastructure, revitalising precincts in Melbourne’s CBD.   This would see local retail, residential and commercial...Continue Reading

Bitmain in mid-March released the Bitmain S19 XP Hyd, a new liquid cooling miner that is its most power-efficient model to date, delivering 255 TH/s at 20.8 J/T.   Being the world’s largest manufacturer of cryptocurrency mining equipment, Bitmain’s new S19 XP Hyd has the greatest power efficiency among all of the company’s rigs.  ...Continue Reading

As the need for use of cleaner energy in Bitcoin mining hardware becomes paramount, Canaan has recently released its new Bitcoin Mining hardware in its A12 series, gearing up its expansion of self-mining.   The Avalon 1266 will have 100 terahash per second (TH/s) mining hashrate capacity and 35 joules per terahash (J/T) power efficiency,...Continue Reading

At Bitcoin Miami, a significant spotlight was on the Crypto Mining Industry, marking it as a central theme throughout the four-day event. Held from April 6th to 9th, the conference served as a gathering point for cryptocurrency enthusiasts aiming to bolster Miami’s standing as a pivotal hub for blockchain development. The event offered a platform...Continue Reading

U.S. Treasury and Cryptocurrency: Advancing with Caution As U.S. Secretary Janet Yellen articulates the growing influence and complexities of cryptocurrencies, the spotlight on regulatory frameworks becomes more pronounced. This pivotal time in the digital asset landscape underscores the need for reliable and efficient tools in the cryptocurrency mining sector. At Mining Store, we offer cutting-edge...Continue Reading

Following strong demand, Commonwealth Bank in November, 2021, announced that it will “become Australia’s first bank to offer,cryptocurrency services which give customers the ability to buy, sell and hold crypto assets, directly through the CommBank app.”   In doing so, CBA partnered with Gemini, one of the world’s largest regulated cryptocurrency exchanges and custodians, as...Continue Reading

It was learnt in mid March that Do Kwon, founder of Terraform Labs and Ethereum layer 1 blockchain competitor Terra, was planning to accumulate US$10 billion worth of Bitcoin (BTC) to add to the project’s stablecoin reserves.   $UST with $10B+ in $BTC reserves will open a new monetary era of the Bitcoin standard. P2P...Continue Reading