Bored Ape
Cryptocurrency

NFTs are an overblown speculative bubble fuelled by pop culture and cryptomania

- January 14, 2022 4 MIN READ

Comedian Robin Williams once called cocaine “God’s way of telling you you are making too much money”. This role may now have been overtaken by non-fungible tokens, the blockchain-based means to claim unique ownership of easily copied digital assets. The latest NFT mania involves fantastic amounts of money being paid for “Bored Apes”, 10,000 avatars… Read more »

bitcoin
Cryptocurrency

CRYPTOPIA: Australian government unveils major payments reforms to embrace cryptocurrencies and digital assets

- December 9, 2021 3 MIN READ

The Australian Government is looking to embrace cryptocurrency and digital assets with federal treasurer Josh Frydenberg announcing plans to  investigate the feasibility of a Central Bank digital currency, as well as the existential fintech terror of de-banking. Speaking at the Australia-Israel Chamber of Commerce on Wednesday, Frydenberg said his plans “were most significant reforms to… Read more »

Josh Frydenberg
Cryptocurrency

Day of the DAO: Australian Treasurer Josh Frydenberg’s ambitious plan for payments and digital assets reform

- December 8, 2021 6 MIN READ

We are in the midst of a digital revolution. COVID has accelerated and changed the way Australians and businesses engage with digital technologies. And many new and innovative technologies are emerging throughout the economy, impacting every part of our lives. Nowhere is this digital disruption playing out faster than in the payments and crypto-asset sectors.… Read more »

Cryptocurrency

The billionaire Australian computer scientist who claims he invented Bitcoin smacked with $100 million damages bill in US lawsuit

- December 7, 2021 2 MIN READ

Australian computer scientist and self-proclaimed inventor of bitcoin Craig Wright has survived a lawsuit that would have seen him hand over half of a 1.1 million Bitcoin fortune – today worth around $71 billion – to the family of former business partner David Kleiman. Wright was, however, ordered to pay US$100 million in damages to… Read more »

Cryptocurrency

ASIC is on the hunt for $22 million in Bitcoin stolen in a Gold Coast superannuation scam

- November 26, 2021 2 MIN READ

The corporate regulator is trying to get its hands on a hidden bitcoin wallet worth up to $22 million as it tracks down money that alleged superannuation fraudsters took from investors. Last month, the Australian Securities and Investment Commission (ASIC) moved to shut down Gold Coast company A One Multi which it alleges was claiming… Read more »

Cryptocurrency

Quantum computing could be just as a few years away from creating a day of reckoning for cryptocurrencies

- November 10, 2021 3 MIN READ

Researchers are working to head off the collapse of cryptocurrency markets that, experts warn, could happen when quantum computers become strong enough to break the encryption underlying Bitcoin, Ethereum and other cryptocurrencies – estimated to come by 2035. That timeline represents an existential threat for Bitcoin and its ilk, which rely on mathematical encryption so… Read more »

Cryptocurrency

CBA opens up the CommBank app to cryptocurrencies

- November 3, 2021 3 MIN READ

The Commonwealth Bank is embracing cryptocurrencies, and will allow CommBank app customers to buy, sell and hold crypto assets. In the a game-changing move for the sector by the country’s biggest bank will see it partnered with crypto exchange Gemini – founded by the Winklevoss twins of Facebook fame – and blockchain analysis firm, Chainalysis.… Read more »

Senator Andrew Bragg
Cryptocurrency

Senator Andrew Bragg: ‘We’ll see reform within 12 months’ on cryptocurrencies

- November 3, 2021 4 MIN READ

Since its inception, cryptocurrency has largely been left to its own devices. Investors have made money, and communities have been built through a shared passion for the innovative sector. So when I was assigned the role of chair of the Senate Select Committee on Australia as a Technology and Financial Centre, I assumed there would… Read more »

dogecoin, cryptocurrency
Cryptocurrency

Corporate watchdog ASIC has moved to licence cryptocurrency investment

- November 2, 2021 2 MIN READ

Corporate regulator, the Australian Securities and Investment Commission (ASIC) is ramping up its oversight of the investment side of the local cryptocurrency market with licences for crypto-asset holders. The regulator has introduced a new “crypto-asset” section in its licensing applications and responsible entities seeking to hold them will need that an authorisation in relation to… Read more »

Byron Bay
Cryptocurrency

Bitcoin mining is coming to Byron Bay

- October 25, 2021 2 MIN READ

The NSW tourism hotspot of Byron Bay is set become home to the nation’s largest Bitcoin mining operation following a deal to power the data centre using renewable energy. Nasdaq-listed digital infrastructure provider Mawson Infrastructure Group’s Byron 20MW mine – that’s enough power for around 6500 homes – will begin operations this week its first… Read more »