The Australian government has announced plans to regulate crypto assets to safeguard consumer interests, including revising licensing and custody rules. It has also issued a consultation paper to determine which aspects of the crypto industry need further regulation.Continue Reading
The Bitcoin Mining Council (BMC) has released the results of its Q4 2022 survey, which revealed that the hashrate of its member companies increased by 45% compared to the previous year. Additionally, the survey found that the percentage of sustainable power used by the members of the BMC rose by 1% over the same period.Continue Reading
The National Australia Bank (NAB) has developed a stablecoin, the AUDN, which will seek to allow its business customers to conduct real-time transactions using Australian dollars through blockchain technology.Continue Reading
Crypto Mining Stocks: The Success of Crypto Mining Stocks Cryptocurrency mining stocks showed outstanding performance last week, ranging from a substantial 38% gain to a remarkable 101% gain Month-to-Date (MTD). Stocks like RIOT, HIVE, BITF & MARA, specializing in cryptocurrency mining, are profiting from reduced energy costs and Bitcoin’s bullish surge above $20K USD. Cryptocurrency mining stocks experienced significant sell-offs during the bear market due to a dual challenge – soaring global energy expenses and an 80% decline...Continue Reading
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