Andrew Bragg
Cryptocurrency

Crypto advocate Senator Andrew Bragg has launched his own digital assets legislation to Parliament

- September 23, 2022 3 MIN READ

The architect of Australia’s first response to regulating digital assets in Australia has lost patience with the new government, issuing his own draft legislation in a bid to push Labor to act on the issue. Liberal senator Andrew Bragg coauthored a landmark Senate Select Committee report into digital asset regulation last year, investigating issues such… Read more »

El Salvador, bitcoin
Cryptocurrency

El Salvador’s experiment with Bitcoin as legal tender has been a spectacular failure

- September 12, 2022 4 MIN READ

A year ago, El Salvador became the first country to make Bitcoin legal tender – alongside the US dollar, which the Central American country adopted in 2001 to replace its own currency, the colón. President Nayib Bukele, a cryptocurrency enthusiast, promoted the initiative as one that would deliver multiple economic benefits. Making Bitcoin legal tender,… Read more »

Bored Ape
Cryptocurrency

Why Ethereum’s switch to ‘proof of stake’ is great news for the environment and energy use

- September 6, 2022 4 MIN READ

Amid the continuous noise about cryptocurrencies, it’s often hard to pick out what really matters. However this month, if all goes to plan, the energy-hungry digital sector will undergo its biggest shake-up in years. Ethereum, the world’s second largest cryptocurrency, is tomorrow expected to start a technology changeover which, once complete, should cause its carbon… Read more »

Cryptocurrency

Crypto.com accidentally sent a customer $10.5m, and by the time they noticed, she’d bought a house in Melbourne

- September 1, 2022 2 MIN READ

Major cryptocurrency trading platform Crypto.com accidentally sent a woman $10.5 million instead of the $100 refund she requested – and didn’t notice until seven months later. Now the platform is trying to recover its money, $1.35 million of which the woman, Thevamanogari Manivel, used to buy her sister a home in the Melbourne suburb of Craigieburn. The… Read more »

Cryptocurrency

The Albanese government is finally getting cracking on crypto regulation

- August 23, 2022 4 MIN READ

The Albanese government is looking to map out Australia’s cryptocurrency landscape, taking a slower approach to digital asset regulation and reform than the former Morrison government. In a joint announcement on Monday by federal treasurer Jim Chalmers, Assistant Treasurer Stephen Jones and competition, charities and treasury assistant minister Dr Andrew Leigh, they said “the first step… Read more »

bitcoin
Cryptocurrency

Telstra Ventures took a deep dive into blockchain and despite the crypto winter, is upbeat on web3

- August 5, 2022 3 MIN READ

Telstra’s VC arm, Telstra Ventures, has taken a deep dive into web3 and blockchain world amid the crypto crash that’s wiped $1.3 trillion in value from investors, with the market down 60% since January, to see who’s survived and thrived. The 12-page report, titled Blockchain Open-Source Developers Signal Strength of Web3 Community, shows that web3-developer… Read more »

Cryptocurrency

High-net worth investors in the Asia-Pacific aren’t that into cryptocurrencies

- July 29, 2022 2 MIN READ

Cryptocurrencies account for less than 1% of the investment portfolio of high-net worth (HNW) people in Asia-Pacific, despite considerable holdings in alternative assets.  New figures from data and analytics company GlobalData found that alt investments account for 12% of the average HNW APAC investor’s portfolio, but after interest in crypto peaked in 2020, they offloaded… Read more »

Cryptocurrency

Cryptonite: rising interest rates are killing bitcoin and most experts predict a crypto winter until at least 2023

- July 15, 2022 4 MIN READ

Finder conducts a quarterly survey of 53 crypto experts  They predict bitcoin will end 2022 at US$25,473 10% say its time to sell out, 50% buy 70% think ‘winter’ will continue until at least 2023 Interest rates and the Terra collapse are to blame. Australian cryptocurrency experts have cut their predictions on the value of… Read more »

bitcoin
Cryptocurrency

Cryptocurrencies are great for gambling – but doesn’t achieve much when it comes to DeFi and freeing us from central banks

- July 4, 2022 4 MIN READ

The dream that decentralised finance – or “DeFi” – can free the monetary system from the clutches of governments and banks has helped launch 20,000 cryptocurrencies. But with 2022 proving to be more of a crypto-nightmare – including for the vaunted “stablecoins” that held the most promise as rivals to central bank-issued currencies – questions… Read more »

Cryptocurrency

$6bn NFT gaming venture Animoca Brands fined for failing to lodge 3 years of financial returns with ASIC

- July 1, 2022 2 MIN READ

Animoca Brands, the digital entertainment, cryptocurrency metaverse and blockchain company thrown off the ASX in 2020, has been fined $50,000 following legal action by corporate regulator ASIC after it failed to lodge annual and half-yearly financial reports between 2019 and 2021. The company failed to appear before the Downing Centre Court on June 21 and… Read more »

money plant grow
Cryptocurrency

Asset manager Victor Smorgon just bought carbon credits using ANZ’s stablecoin

- June 28, 2022 2 MIN READ

Melbourne family investment firm Victor Smorgon Group (VSG) has pioneered another digital transaction using the ANZ bank’s stablecoin, A$DC, this time buying carbon credits. VSG used A$DC to purchase the BCAU carbon tokens from Zerocap, an Australian crypto asset investment platform, via BetaCarbon, which tokenises Australian Carbon Credit Units (ACCUs) into digital tokens, with each representing… Read more »

Cryptocurrency

The clean up of crypto assets is coming in Australia – and that’s a big win for consumers and innovators

- June 9, 2022 4 MIN READ

If you spend any time among the cryptocurrency community you’ll come across the mantra “HODL”. Originally a typo for “hold” on a Bitcoin forum, it has become all-purpose advice to anyone looking at the day’s price fluctuations and thinking of selling their assets. To HODL is to trust the process and keep your eyes on… Read more »