Cryptocurrency has opened an entirely different venue for virtual exchanges since it began booming. Digital assets have been moved to and fro, and the value of the currencies have risen and dropped at a quick pace. Australia is one of the countries that have managed to impose regulations on trading and using the blockchain technologiesRead more
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Bitcoin has undoubtedly created a buzz all over the world. In the advent of cryptocurrency literacy, more and more people have gone crazy over buying and selling Bitcoins. But with this buzz comes more digital currencies that stood in their own niches. Litecoin is one of them. The use of Litecoin and its blockchain technologyRead more
Bitcoin has been making waves in the finance and investment sectors. While it’s still relatively new, it’s already considered as one of the oldest and most popular digital currencies. Its popularity is credited to a number of benefits: it’s easy to use, decentralised, and resistant to transaction censorships. Bitcoin is also permissionless, meaning it’s freeRead more
In the decade or so since Bitcoin was unleashed on the world, it has led to a revolution. Today there are countless cryptocurrencies vying for attention with more and more appearing each year. As time passes, cryptocurrencies gradually become more accepted and that little bit closer to joining the financial mainstream. This is ironic, as oneRead more
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. AndRead more
The growing popularity of cryptocurrencies draws in flocks of new investors each year. Since blockchain technology is relatively new, most of the time, potential investors don’t have in-depth knowledge of this burgeoning tech. Some find it overwhelming. Others think it’s not for everyday consumers. Although at some point, that may have been the case, that’sRead more
The end of the Australian financial year is right around the corner. When it comes to a close on the 30th of June, you will have to busy yourself preparing tax returns, so you can lodge it before the deadline, which is on the 31st of October. As you probably already know, cryptocurrencies have takenRead more
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 wouldRead more