U.S. Treasury Secretary Janet Yellen Calls Crypto “Transformative” In First Major Speech On Digital Assets   U.S. Treasury secretary Janet Yellen has delivered her first major speech on the potential risks and benefits of the growing cryptocurrency and blockchain industry.   In doing so, she sternly argued that financial institutions and regulators should take the...Continue Reading

Commonwealth Bank’s plans to expand its cryptocurrency services delayed by regulators What was Commonwealth Bank planning to release?   Following strong demand, Commonwealth Bank in November, 2021, announced that it will “become Australia’s first bank to offer customers the ability to buy, sell and hold crypto assets, directly through the CommBank app.”   In doing...Continue Reading

Terra Reserves Rise to 35,768 Bitcoin It was learnt in mid March that Do Kwon, founder of Terraform Labs and Ethereum layer 1 blockchain competitor Terra, was planning to accumulate US$10 billion worth of Bitcoin (BTC) to add to the project’s stablecoin reserves.   $UST with $10B+ in $BTC reserves will open a new monetary...Continue Reading

Legislation To Help Australia Play A Part In The Emergence of Web 3.0 & Digital Assets   Australia’s federal government is considering legislation to help Australia play a role in the emergence of Web 3.0, a new form of internet that underpins cryptocurrencies and digital assets.   Web 3.0 refers to the third iteration of...Continue Reading

U.S. President Joe Biden signs executive order on digital assets   The White House and Joe Biden signed the executive order on digital currencies on Wednesday.   The entire brief can be read here.    In doing so, the U.S. government has directed agencies across the federal government to coordinate strategies to gauge both 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...Continue Reading

U.S. President Joe Biden to sign executive order on cryptocurrency   In the last 24 hours, the public has learned that President Joe Biden is expected to sign the executive order this week regarding the U.S. government’s strategy and approach for digital currencies.   The executive order itself has been worked on since 2021 and...Continue Reading

Russia & Ukraine conflict and the impact of cryptocurrency Prior information on the ongoing conflict between Russia & Ukraine can be read in our previous article here!    Bitcoin and cryptocurrency was once seen as a tool of decentralised financial systems and economic growth in peacetime, however, with war, has now become a weapon in...Continue Reading

PART 3: 2021: The Explosion of Web 3.0, Metaverse, and NFTs and the Subsequent Pullback.    An array of decentralised technologies such as Web 3.0, the Metaverse and the explosion in popularity of Non-fungible tokens (NFTs) continued the upward bullish trend of cryptocurrency and blockchain for much of 2021.    The vision of Web 3.0 ...Continue Reading

Russia & Ukraine Conflict Following on from our brief further BTC, market and recent news update, we thought we’d provide members with a more in-depth read of the current state of affairs between Russia and Ukraine. This is increasingly important given its impending and current effect on the cryptocurrency market.   How did this begin?...Continue Reading