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 »

Dogecoin
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 »

The Brothers Bloom
Cryptocurrency

A teenager and his brother have pulled off a $5 billion cryptocurrency scam

- June 24, 2021 2 MIN READ

Two young brothers behind South African cryptocurrency investment firm Africrypt have disappeared with an estimated $5 billion worth of investors’ money in what could be the largest ever cryptocurrency scam. Raees and Ameer Cajee – 21 and 18-years-old respectively – founded Africrypt in 2019 and promised customers significant returns on investment, reportedly as high as… Read more »

bitcoin
Advice

Cryptocurrency 101: the history of bitcoin

- June 11, 2021 6 MIN READ

The world of cryptocurrency is weird and complicated. In this four-part series, we look at the history of crypto, how you can get your hands on some, what you can do with it, and the Australian innovators looking to capitalise on this emerging technology. Part I: Well, it looks like an historic cryptocurrency bull run is over.… Read more »

Elon Musk
Cryptocurrency

Bitcoin’s dirty secret: Elon Musk’s change of heart is a warning to cryptocurrencies to clean up their carbon footprint

- May 18, 2021 4 MIN READ

Over the weekend, Tesla chief executive Elon Musk suggested his company could sell off its Bitcoin holdings, sending the cryptocurrency plummeting. It followed Musk’s announcement earlier this month that his company would no longer accept Bitcoin in payment for its electric cars, due to the fossil fuels needed to create the digital currency. Bitcoin is… Read more »

bitcoin
Cryptocurrency

BitTorrent’s inventor has created a new, greener cryptocurrency, Chia, that could push up the cost of hard drives

- May 5, 2021 3 MIN READ

It has been a big year for cryptocurrency. Bitcoin is worth six times what it was 12 months ago, and the joke currency Dogecoin has seen a hundredfold increase in price. A boom in “non-fungible tokens”, or NFTs – tradable tokens based on the same technology as cryptocurrency – is transforming the art market. With… Read more »

Cryptocurrency

Reinventure’s bet on Coinbase returns $546 million, boosting Westpac’s bottom line by $288m

- April 28, 2021 2 MIN READ

January 2015 was an interesting time for bitcoin and Westpac’s fintech venture capital fund, Reinventure. Simon Cant and Danny Gilligan, co-founded the VC with Westpac the year before. Bitcoin kicked off the year at around US$300, before crashing to $170 within a fortnight. The cryptocurrency would climb to $465 before the year was out and… Read more »

Cryptocurrency

Dogecoin explodes!

- April 16, 2021 < 1 MIN READ

Meme joke cryptocurrency Dogecoin more than doubled in price in the last 24 hours, briefly hitting a high of US28c today, and currently sits around 80% up for the day Elon Musk’s favourite Twitter shout out has climbed nearly 300% for the week, putting it into the top 10 cryptocurrencies by market capitalisation for the… Read more »