The Future of LUNA and Algorithmic Stablecoins LUNA (UST), a digital token with a once $16 billion market capitalisation that is designed to maintain a 1:1 peg with the dollar, known as a stablecoin, nosedived over the past 36 hours.    Its price fell below $0.65, before somewhat recovering to $0.93 as yesterday before tumbling...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

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

U.S. Treasury and Cryptocurrency: Advancing with Caution As U.S. Secretary Janet Yellen articulates the growing influence and complexities of cryptocurrencies, the spotlight on regulatory frameworks becomes more pronounced. This pivotal time in the digital asset landscape underscores the need for reliable and efficient tools in the cryptocurrency mining sector. At Mining Store, we offer cutting-edge...Continue Reading

Joe Biden’s executive order on digital currencies 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 advantages and disadvantages posed...Continue Reading

PART 4: Crypto Future & Journey 2022 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 crypto losing a lot of value. BTC began the year with a $900 billion market capitalisation and...Continue Reading

Biden Crypto Strategy and U.S. Digital Currency Approach Biden Crypto, news has emerged in the last 24 hours, indicating that President Joe Biden is expected to sign an executive order this week on the U.S. government’s strategy and approach for digital currencies. The executive order, in development since 2021, aims to outline regulations, assess national...Continue Reading

Crypto Impact in Global Crises Prior information on the ongoing conflict between Russia & Ukraine can be read in our previous cryptocurrency 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 the fight. Millions upon...Continue Reading

Cathie Woods of ARK has called for a $500k target for BTC BTC – Technical and Fundamental Report US regulatory pressures continue to increase in the crypto space. Here at Miningstore we only see this news as positive as regulation provides clarity and investor safeguards. This would also suggest the US government is anticipating cryptos...Continue Reading

This week we cover: When will we see Bitcoin break 20k? Ethereum going from strength to strength How Cryptocurrency can help our future? Fear, Greed & Mentality When will we see Bitcoin break 20k? This week saw Bitcoin finally break it’s all time high but also abruptly rejected near the $20,000 resistance. Let’s look at...Continue Reading