A war in the Middle East has turned a decade-old energy security warning into an emergency. For two countries that quietly dismantled their refining industries, the reckoning has arrived. On the morning of February 28, the Strait of Hormuz — a strip of water barely 33 kilometres wide at its narrowest point, through which a…
Bitcoin is a wildly volatile asset, known for its massive price swings and for being the best performing asset of all-time. It’s made many early investors millionaires as a result. It’s even helped law enforcement gain over 2000% returns on a large sum of BTC that was seized as part of a sting on an…
Australia has achieved a milestone in cryptocurrency adoption, maintaining a consistent increase in Bitcoin ATMs for 29 consecutive months. Australia has achieved a milestone in cryptocurrency adoption, maintaining a consistent increase in Bitcoin ATMs for 29 consecutive months. With 1,359 machines across the country, Australia now accounts for 3.5% of the world’s Bitcoin ATMs and…
The Australian Taxation Office (ATO) has used official channels to warn taxpayers of scammers who are fooling people into paying their taxes through Bitcoin ATMs to their accounts. As the deadline approaches on 21 November, the authority told the one million taxpayers, who will need to make a payment to the ATO, to be wary.…
The crypto world has had its fair share of drama as the bear market bites down on the entire landscape. In addition, global inflation has also caused most companies to resize their organizational structure. Crypto businesses are now planning for effective cost-management strategies to prevent a collapse. However, the fear in the market for most…
Australia's Treasury has initiated a public consultation to gather feedback on implementing the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF). This effort aims to bolster tax transparency and counter global tax evasion as cryptocurrency adoption grows. The consultation, launched on Nov. 21, invites input on two potential approaches: directly integrating the…
They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
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People could be jailed for two years and fined $25,200 just for using more than $10,000 in cash in one transaction under a new bill being considered by the Australian Parliament; if passed, the bill is likely to drive citizens away from traditional financial institutions and towards decentralized cryptocurrencies like Bitcoin. “Cash Bans” Strengthen Bank’s…
The latest Independent Reserve Cryptocurrency Index (IRCI) for Australia, released this week, sheds light on the evolving landscape of cryptocurrency attitudes and behaviors among Australians. The fifth edition of the survey, conducted annually, provides key insights into awareness, adoption, trust, and confidence in the cryptocurrency market. Now in its fifth year, the Independent Reserve Cryptocurrency…