Introduction The digital gold rush of the 21st century, cryptocurrency mining, has seen a significant upsurge in interest across Australia. With the promise of rewards in the form of digital currency, many are diving into the world of crypto mining, eager to stake their claim. But embarking on this digital venture is more complex than...Continue Reading

The bankrupt FTX cryptocurrency exchange's debtors have submitted a revised Chapter 11 reorganisation proposal, suggesting that the worth of customer asset claims will be retrospectively determined from the moment the exchange collapsed in November 2022.Continue Reading

A rejuvenated FTX stands a chance under new leadership, provided they approach it with a thorough comprehension of legal considerations, according to SEC Chair Gary Gensler in an interview with CNBC during DC Fintech Week.Continue Reading

The appointment of Mike Johnson as the Speaker of the U.S. House of Representatives paves the way for Congress to resume progress on cryptocurrency-related legislation.Continue Reading

In response to the lawsuit from the U.S. Commodity Futures Trading Commission (CFTC), Binance, the leading cryptocurrency exchange in terms of trading volume, along with its senior executives, submitted a filing on Monday. Continue Reading

Ledger recently faced further criticism after its support team made a now-deleted tweet stating that "from a technical standpoint, it has always been possible to develop firmware that enables key extraction," implying that the company could extract users' keys.Continue Reading

Increase Transaction Fees? What Happened? Increased transaction fees represent a minor advancement in the ability of Bitcoin miners to maintain their operations independently of block subsidies.   Block number 788695 has a significant meaning for Bitcoin miners due to the recent upsurge in transaction fees. It represents the first instance since 2017 where transaction fees...Continue Reading

Samsung, the South Korean multinational manufacturing conglomerate, have set their sights to create a cryptocurrency exchange 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 reports out of South Korea’s local media,...Continue Reading

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 respective research project. The DFCRC is a $180...Continue Reading

On Monday the U.S. Treasury Department placed sanctions against the cryptocurrency mixing service Tornado Cash, citing its use by the North Korea-backed Lazarus Group in the high-profile hacks of Ethereum bridges to launder and cash out the ill-gotten money.     Tornado Cash is a so-called mixer, which blends streams of digital currency to mask...Continue Reading