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 »

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 »

Fintech

CRYPTONATION: A Senate committee looking into digital assets thinks Australia could be a cryptocurrency epicentre

- October 21, 2021 5 MIN READ

Australia could be a leader in digital assets and global hub for cryptocurrencies according to a landmark new report by a Senate committee investigating the sector’s potential. The Senate Select Committee on Australia as a Technology and Financial Centre, chaired by Senator Andrew Bragg, is bullish on the possibilites, having investigated issues such as regulation… Read more »

Senator Andrew Bragg
Cryptocurrency

Australia needs to move quickly to become a financial hub for digital assets: Senator Andrew Bragg

- October 7, 2021 4 MIN READ

In 2018 US Senator Orrin Hatch naively questioned how on earth Facebook could sustain a business model in which users don’t pay for a service… Before Mark Zuckerberg politely pointed out that they run advertisements. Just last month US Senator Ted Cruz’s speech went viral when he claimed less than 5% of his colleagues had… Read more »

Cryptocurrency

China fires another shot at bitcoin, making cryptocurrency transactions illegal

- September 28, 2021 3 MIN READ

China has continued its bitcoin crackdown by making all cryptocurrency transactions illegal. The Chinese central bank issued a statement on Saturday, seeking to clarify a joint notice from regulators in May which told financial institutions to step away from all cryptocurrency activity, signalling an end to the country’s involvement in the speculative digital assets. “In recent years, bitcoin and… Read more »

Andrew Bragg
Fintech

Startup Daily TV: Senator Andrew Bragg on the Senate inquiry into cryptocurrencies and digital assets

- September 7, 2021 2 MIN READ

Public hearings for the Senate Select Committee looking into the potential of cryptocurrencies and digital assets continue this Wednesday, September 8. Fintech Australia, Judo Bank, Afterpay, the ASX, ACCC and ATO among those appearing before the committee, chaired by Senator Andrew Bragg. Ahead of the hearing, Senator Bragg joined Startup Daily show to outline his… Read more »

dogecoin, cryptocurrency
Cryptocurrency

The Australian government is looking closely at how to regulate cryptocurrencies

- September 1, 2021 4 MIN READ

The government is looking closely at regulations affecting cryptocurrency as it considers how to handle digital assets and encourage innovation in the broader blockchain ecosystem. Chair of the Select Committee on Australia as a Technology and Financial Centre, Senator Andrew Bragg, said the government recognises cryptocurrency is an “area of full of opportunity and full… Read more »

Robin Hood,
Cryptocurrency

A hacker stole a record in $831 million in cryptocurrency – then started giving it back

- August 12, 2021 3 MIN READ

A hacker pulled off one of the biggest cryptocurrency heists in history by transferring $831 million worth of cryptocurrency off the Poly Network platform, only to start giving the assets back the next day. Poly Network announced the attack on Tuesday night, saying it had been attacked on the Binance Smart Chain, Ethereum, and Polygon… Read more »

dogecoin, cryptocurrency
Cryptocurrency

The RBA says there’s no chance cryptocurrencies will become legal tender in Australia

- August 4, 2021 3 MIN READ

Cryptocurrency is unlikely to ever become legal tender in Australia, a Reserve Bank of Australia (RBA) executive has concluded during a Parliamentary hearing exploring competition, data privacy and fintech innovation issues. Despite watching the emerging cryptocurrency market for the past eight years, Dr Anthony Richards, head of the RBA’s Payments Policy Department said, “we just… Read more »

Cryptocurrency

Dogecoin’s Australian co-founder let rip on cryptocurrency as an ‘inherently right-wing… get rich quick’ scam for billionaires

- July 15, 2021 3 MIN READ

Dogecoin’s Australian co-inventor, Jackson Palmer, has made a rare foray into public debate about the worth of cryptocurrencies, condemning them a cult-like get rich quick scheme for billionaires taking advantage of “the financially desperate and naive”. In a 10-tweet thread, Palmer, whose Twitter account is normally silent, lambasted cryptocurrencies as  “almost purpose built to make… Read more »