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War Between Russia And Ukraine Spurs Cryptocurrency Activity 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 conflict between the two nations.      Due to interest rate hikes to curb increasing fiat inflation...
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How Australian Cryptocurrency Investors Have Benefited From A Rising USD   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...
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Australia’s Central Bank Digital Currency Pilot To Be Completed In 2023   The Reserve Bank of Australia (RBA) is expecting to push forward with its central bank digital currency (CBDC) pilot by mid-2023, according to a white paper published on Monday.   The purpose of the pilot is to “explore innovative use cases” that could...
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Finder Founder Fred Schebesta Says Australia Rushing “Token Mapping” Could Hurt The Space   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...
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Australian Senator Andrew Bragg Proposes Cryptocurrency Bill Targeting China’s Central Bank Digital Currency   Australian Liberal Politician Andrew Bragg wants to prepare Australia for the widespread use of China’s central bank digital currency (CBDC), the digital yuan.     On Monday, a draft of the digital assets Bill was introduced, being a Bill for an...
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Historical Day For Cryptocurrency Industry As Ethereum Merge To Proof-Of-Stake Is A Success   Ethereum, 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...
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Repurposing The Heat Bitcoin Miners Produce Can Help Solve Global Energy Crisis: Arcane   A report from Arcane, published by CoinTelegraph, has indicated that While innovations in chipset manufacturing have helped reduce operational costs related to Bitcoin mining, a report has revealed the market’s potential to transform the energy industry.   Bitcoin Mining is said...
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Cryptocurrency Platform Crypto.com Mistakenly Transfers Melbourne Woman $10.5 Million Instead Of $100 One of the globe’s largest cryptocurrency and digital asset platforms, 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...
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Samsung To Launch Cryptocurrency Exchange In 2023   Samsung, the South Korean multinational manufacturing conglomerate, have set their sights on the cryptocurrency industry and plan to set up a digital asset exchange in the first half of 2023.    It will be done through the tech giant’s investment firm, Samsung Securities.      According to...
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ASIC Warns Cryptocurrency Regulation Is Coming   The chairman of ASIC, Joe Longo, speaking at a lunch in Melbourne on Tuesday, said ASIC’s focus would be on protecting people participating in the financial system” and guarding against consumer harms.   The head of the corporate watchdog says his job is to protect consumers and not...
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