To commemorate ten years of cryptocurrency, the Reserve Bank of Australia has published a paper titled Cryptocurrency: Ten Years On. Authors of the paper are Cameron Dark, June Ma, and Clare Noon of the Australian Reserve Bank’s Payment’s Policy Department.
With Bitcoin continuing its upward trend, it can be hard for crypto advocates to understand why there are still doubters.
If you’ve been trading cryptocurrency recently, it’s time to start thinking about how it will affect your tax return. This is even more important now that the Australian Taxation Office (ATO) has declared that they will specifically target crypto traders.
Supporting Bitcoin can mean a lot of things. It can mean spreading awareness or just using crypto. It can mean buying and owning crypto. However, if you want to go above and beyond, you’ll have to put some cash on the table. This hasn’t stopped big investors. However, for the rest of us, putting much money into crypto development is simply not an option.
Third edition of Australia’s largest blockchain-focused event, APAC Blockchain Conference, is approaching. Between 21 and 23 July, thought leaders, regulators and innovative startups will share their expertise on all things blockchain.
While Bitcoin is (almost) completely anonymous, it’s also completely transparent. It’s not always easy to know who owns a blockchain address. However, it is easy to know how many addresses their are.
You’re keeping the books and running the numbers. If you have money in dollars, euros, pounds, Excel has your back. But, what if you have Bitcoin? If you were creative, you may have used the symbol for the Thai currency, which looks a bit like the Bitcoin symbol but with only one strikethrough. If you have the most recent version of Microsoft Excel, you now have another option.
Every investment has its risk. However, high-risk investments are also often high reward. That doesn’t mean that you should stay away from them, it means that you shouldn’t put all of your eggs in one basket.
Cryptocurrency is largely known for two things (besides price volatility) and that’s privacy and decentralisation. Decentralisation largely means deregulation and these are huge selling points for crypto. In a world when most of us find ourselves constantly leaving a paper trail, it’s no wonder we crave some anonymity.
Bitcoin and other forms of cryptocurrency are known for their security. However, wherever there is value there will be people trying to steal it. Cryptocurrency is no different.