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These days, Bitcoin is almost a mythical asset. There was a report of a man buying $27 worth of bitcoins back in 2009, forgot about it, then received a return of 3,281,500% when he sold it in 2013. Bloomberg had an entire article about Bitcoin millionaires. There’s an 18-year-old who became a Bitcoin millionaire. And something called the Crypto Castle in San Francisco seems to be creating these crypto nouveaux riches like a factory. But before you jump in on...
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I’m sure you’ve heard of the term “cryptocurrency” and wondered how it works. Many people invest in it. You see it on your social media accounts. You’ve heard of it from people who have dabbled in it. Indeed, cryptocurrency has become a sensation throughout the world and all over the internet. Bitcoin is the first decentralised digital currency. To date, it is the most popular cryptocurrency and many people have already started to invest. But how do you buy Bitcoins...
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Today just after 1:30pm, Bitcoin (BTC) price dropped under $8,000 AUD on BTCMarkets. The price hasn’t been this low since October 2017.   This is what the order book looked like:...
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Note: I’m sure there will be more changes and updates from ATO and AUSTRAC in 2018, so I will keep this post updated with the most up-to-date information.   In today’s digital age, what seemed to be too futuristic ten years ago is now made possible. This applies to the concept of cryptocurrency. Who would have thought that assets could also be acquired, kept, and transferred digitally? Bitcoin has been the game changer because it’s the first decentralized cryptocurrency. And...
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Whether you heard about it from discussions on Bitcoin and the cryptocurrency market or from tech buffs who deem it as “the future of the Internet”, the term “blockchain technology” has gotten around. But what exactly is it?   Terms to Remember It’s easy to build up enough understanding of cryptocurrency to know how to buy and sell it. After the initial confusion of “Is there a physical bitcoin?” (to which the prompt answer is “no”), then you’ll find that...
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Popularly dubbed as “digital silver”, Ethereum is (currently) the second most valuable cryptocurrency out there. As such, people have started flocking to it as an alternative to Bitcoin, the former being a relatively cheaper substitute with an ether coin value of $1,065 (at the time of writing). That’s an equivalent of 0.0921 BTC to ETH. But anyone who goes into the market thinking that Ethereum’s just like Bitcoin with a different name will find themselves facing a completely different beast....
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Many believe cryptocurrency is the money of the future. It has turned into a global phenomenon known to almost everyone who has access to the internet. Of course, as with anything that is new to the public’s eyes, many wonder whether this is just a passing trend, or a phenomenon that will highly impact the way the financial industry works for the long-term. There are a lot of questions, both answered and unanswered. There are those who question its legality...
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