Commonwealth Bank Brings Cryptocurrency Trading In-App To A Halt After Serious Market Volatility Australia’s largest bank has decided it will pause its rollout of its app-based trading of digital currencies such as Bitcoin and Ethereum pending further regulation. The multinational corporation has also sought to pause all testing features, preventing any cryptocurrency sales on its app amid the current cryptocurrency market downturn and uncertainty. Following strong demand,...Continue Reading
ATO Takes Aim At Cryptocurrency Gains For Tax Time 2022 The Australian Tax Office (ATO) has released its four priorities come tax time at the end of this financial year, honing in on four key focus areas, including record-keeping, work-related expenses, rental property income and deductions, but most importantly, capital gains from cryptocurrency assets, property, and shares. An entire publication on these four priorities for the ATO this tax...Continue Reading
The Australian Prudential Regulation Authority Released Roadmap For Digital Assets Policy 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 policy roadmap for the regulation of digital assets through 2025. Chairman Waynes Byres detailed in the letter “while activities associated with crypto assets are still relatively limited in Australia, the...Continue Reading
PART 4: 2022: The Future of Cryptocurrency What we have seen so far in 2022 Entering 2022 and the month of January saw a highly volatile market, continuing the negative trend line, with many of the top cryptocurrencies losing a lot of value. BTC began the year with a $900 billion market capitalisation and a price of $47,600, having been down 5.4% in the week, ETH was at...Continue Reading
LUNA Spectacularly Tanks As UST Fails to Re-Peg TerraUSD (UST), a digital token with a once $16 billion market capitalisation that is designed to maintain a 1:1 peg with the dollar, known as a stablecoin, nosedived over the past 36 hours. Its price fell below $0.65, before somewhat recovering to $0.93 as yesterday before tumbling to as low as $0.59 as of writing. In other words, UST failed dramatically...Continue Reading
Australian Exchange Swyftx Launches ‘Earn’, Allowing Users To Earn High Yield on Cryptocurrencies With No Lock-Ins Swyftx, one of Australia’s most popular cryptocurrency exchanges, is set to innovate Australia’s markets by offering their new product ‘Earn’, which offers interest-bearing yields on a wide range of cryptocurrency assets. They will be the first Australian-operated centralised cryptocurrency exchange to do so. In doing so, Australian and New Zealand residents have the...Continue Reading
Elon Musk grabs big-name investors such as Binance, eyes Twitter’s temporary CEO role after takeover Over the last 24 hours, 19 different parties have put forward $7.1 billion in commitments to help finance Elon Musk’s $44 billion takeover of one of the world’s most popular social media platforms, Twitter. As a result, it is expected that Musk will become Twitter’s temporary CEO once the takeover of the social media...Continue Reading
Ethereum Has Had 10% Of The ETH Supply Locked In Consensus Layer Deposit Contract Last Friday, the deposit contract for staking Ethereum (ETH) on the Beacon Chain reached over 10% of the entire supply, containing over 12 million in Ethereum. Formerly known as ETH 2.0, the deposit contract for Ethereum’s consensus layer now has ETH worth over $34 billion dollars at current prices. The Beacon Chain is a concurrently-running...Continue Reading
Blackrock Launches Blockchain ETF, Naming Cryptocurrency As One Of Three Big Opportunities Blackrock, an American multinational investment management corporation that is a leader in investment management, risk management and advisory services worldwide, has launched its blockchain ETF, offering its investors exposure to the cryptocurrency sector. Blackrock is the world’s largest asset manager with $10 trillion in assets under management. The asset manager detailed “the Ishares Blockchain and...Continue Reading
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Trustable, fast response and very kind staff. They helped me a lot to set small farm at home. Highly recommend to everyone wants to get into crypto market. They have big community that spread out news as well.read more
The guys at the mining store where super helpful with all my crazy questions, Ive since bought 4 miners from them and have really enjoyed getting involved in the informative discussions that are on the mining store Discord channel. If your thinking about getting involved in mining this is where its all happening. Keep it up Will and Cal.read more
Will was very helpful and informative. He was patient with the myriad of questions I had and at no point did he apply any pressure on me to purchase the mining rigs they were offering. I wouldn't hesitate to recommend mining store to anyone interested in mining cryptocurrency. Well done guys?read more
For my research on Human-Machine-Network (HMN) I had a general hypotheses to architect and build a machine that is able to interact with me and the next web, Web3. This is when I discovered Mining Store (MS). Will was very prompt and followed up on all the questions for him. I had specific requirements which were a bit advanced for that time, and that is when I was introduced to Cal, who was very generous with his time and did the necessary research and we agreed with a baseline specifications. The duo Will and Cal are truly one of the best gentlemen founders I discovered recently and I would highly recommend anyone who is curious to enter this space to reach out and have a conversation with them. Australia is really lucky to have them and yes the rest of the World is also benefiting heaps from their professionalism and craftsmanship.read more
Great service I would highly recommend to others. The team look after my crypto portfolio/mining rig whilst keeping me updated on a daily basis. Both Cal and Will came to fit my rig and the service was perfect! The team are very knowledgeable and keep me up to date on investment opportunities.read more
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