Bitcoin passes $20,000 AUD per coin for the first time since January 2018
Bitcoin exceeded $20,000 AUD at 9pm on Saturday 31st October on local digital currency exchange CoinSpot, the first time since January 2018.
Bitcoin goes mainstream as institutional ‘wall of money’ begins buying
Bitcoin is on track to hit US$1 million (A$1.4m) per coin in the next five years as a result of a wall of money looking to tap into Bitcoin appreciation.
PayPal to allow buying and selling of Bitcoin
Online payments platform PayPal will soon let its users buy, sell, and hold Bitcoin, Bitcoin Cash, Litecoin, and Ethereum on their accounts.
Square buys $50 million in bitcoin as part of larger investment in cryptocurrency
Payments platform Square has purchased US$50 million (AUD70m) in bitcoin, part of its larger investment in cryptocurrency
Where can you use bitcoin?
By using bitcoin as a way of paying transactions, the cryptocurrency may become a standardised way of paying for groceries or buying cars.
Today’s Cash Rate is the lowest in Australian history. Where will Aussies find their next ‘savings safe haven’?
There is little chance of a rapid bounce back into black as the RBA have today announced their decision to maintain the record low Interest Rate of 0.25%.
Only 2.5 million Bitcoin left to mine
With only 21 million Bitcoin (BTC) to be issued, a little under 2.5 million BTC remains for mining.
Institutional investors tipped to raise crypto exposure
Institutional investors believe pension funds, insurers, family offices and wealth funds will increase their level of investment in cryptocurrencies.
