Cryptocurrency News
The legal status of cryptocurrencies can differ based on one’s region. In Australia, it would appear that Bitcoin is a legal investment vehicle. Those are the findings of Judge Judith Gibson of New South Wales. Using Crypto to pay Legal Fees A bit of an odd statement, as no one […]
The blockchain industry is firing on all cylinders worldwide. Australia is the latest country to express its plans for this disruptive technology. It appears that a $175 billion fund will be set aside to explore blockchain technology. The Blockchain Effort in Australia Takes Shape This funds is more than necessary […]
The crypto industry has drawn comparisons with the cannabis industry quite often, especially in the last year. In 2018, stocks of companies dealing in marijuana skyrocketed following a favorable regulatory framework. This mirrored the 2018 crypto prices bull run. However, in Australia, the police took the association to a whole […]
Australia’s journey to becoming a blockchain hub has continued to gather pace. In its latest venture, tech giant IBM and Australian law firm Herbert Smith Freehills have joined forces to form a blockchain consortium with the Commonwealth Scientific and Industrial Research Organization (CSIRO). The initiative intends to create the first […]
Blockchain technology can unlock a lot of new business use cases. Although one could argue this technology is also vastly overhyped, it remains to be seen what will come of it in the long run. If the Australian National Blockchain is any indication, things will get rather interesting moving forward. […]
Filing taxes pertaining to cryptocurrency gains and losses is not straightforward. In the United States, various tools exist to address this problem. In other countries, things are a bit more difficult. Australia now has a tool known as BearTax, which should make filing taxes very easy and quick. The Concept […]
The Australian government will provide a AUD$2.25 million grant to an initiative that seeks to use blockchain technology to develop transparency in the sugar industry. Known as the Sustainable Sugar Project, it will be used to prove the origins of the sugarcane used and the sustainability of farms. This will […]
Australia is still an integral part of the cryptocurrency ecosystem. Especially considering that it has a somewhat accommodating regulatory ecosystem, the country should not be overlooked. This is why Huobi has decided to expand its presence to Australia, as it now supports AUD trading of ten cryptocurrencies. Huobi Continues to […]
Australia is quickly becoming an integral part of the cryptocurrency world. Thanks to solid regulatory developments and a growing Bitcoin ATM network, bringing cryptocurrency to the masses has become a lot more straightforward. It is quite interesting to see how things have been accelerating over the past six months in […]
Darknet activity often involves Bitcoin and other cryptocurrencies. Criminals often perceive Bitcoin as an anonymous cryptocurrency, even though it lacks all of the features necessary to be anonymous. A recent dark web drug raid in New South Wales has confirmed that using Bitcoin for illicit activity will ultimately lead to […]