Australian Banks’ Measures Against Cryptocurrency In recent years, Australian banks have increasingly implemented restrictive measures against cryptocurrency transactions, causing widespread frustration among users. The Big 4 banks—National Australia Bank (NAB), Commonwealth Bank of Australia (CBA), Australia and New Zealand Banking Group (ANZ), and Westpac—have taken aggressive steps to limit cryptocurrency investments. This post will discuss...Continue Reading
Coinbase, a US-based crypto exchange, revealed that institutional investors using its global platform outside the US can now access spot crypto trading. Continue Reading
Per CoinTelegraph, Australians are increasingly turning to cryptocurrency to bolster their retirement savings, with allocations from self-managed pension funds surging by 400% in four years, outpacing growth rates in stocks and bonds.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
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 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
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
Cryptocurrency Exchange Planned by Samsung Cryptocurrency exchange plans are in motion as Samsung, the South Korean multinational manufacturing conglomerate, sets its sights on creating a digital asset exchange in the first half of 2023. The tech giant’s investment firm, Samsung Securities, will spearhead this initiative. According to reports out of South Korea’s local media,...Continue Reading
The Role of Digital Currency in the Future According to Cointelegraph, the Reserve Bank of Australia (RBA) is weighing in on the race of exploring the use cases of central bank digital currency (CBDCs) in the nation. In doing so, it will collaborate with the Digital Finance Cooperative Research Centre (DFCRC) on a...Continue Reading
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