Why is The BTC network hash rate still so High? Firstly, an increase in the BTC hash rate means more mining power is being added to the Bitcoin network. Whenever new miners join the network, the mining difficulty increases. This is due to a mechanism implemented on the Bitcoin network which ensures 1 block is...Continue Reading
ATO’s Focus on Cryptocurrency and Capital Gains 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...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
The First Bitcoin ETF in Australia: A Game-Changer for Investors 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,...Continue Reading
RMIT Supports DAOs Precincts 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,...Continue Reading
Further BTC, Market Update & Recent News! What’s happened in February so far? Recently, we have encountered a stack of cryptocurrency and BTC fundamental news. We thought it would only be appropriate to release another brief article to members updating them of it! February has been another rollercoaster ride for Bitcoin and the wider...Continue Reading
The Journey of Blockchain PART 2: 2020: Blochain & The Return of the Bull Market The impact of Covid-19 on the global economy What followed on from the end of 2019 was relative stability, with some slight pessimism. BTC and associated cryptocurrencies had recovered slightly, however, still not reached the highs of 2017. Cryptocurrencies...Continue Reading
The journey of Cryptocurrency from 2017-2022 and what the future holds In this article we explore the evolution of cryptocurrency & Blockchain technology from their early mainstream adoption in 2017 to the present day. We look into the roadblocks faced along the way and the milestones achieved. It will be broken down into three...Continue Reading
BTC Market Update & Recent News! What happened in January? In light of our recent Bitcoin market updates to our members, we thought it would be appropriate to provide a general overview of the market for the last month or so and any associated news! January was a rollercoaster ride for cryptocurrency enthusiasts and...Continue Reading
State Senator Introduces Bill to Make Bitcoin Legal Tender in Arizona In the last 24 hours, state Senator Wendy Rogers, a Republican, has introduced a bill in Arizona that would make Bitcoin legal tender in the state. This follows another Republican, Don Huffines, a current candidate for Texas governor, exclaiming he would indeed...Continue Reading
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