bitcoin

Jan
18

Cryptocurrency is radical but who does the radicalism benefit?

“Free speech” is one of the battle cries of far-right activists who target democratic consensus and seek to divide the public. Alt-right agitators and trolls embrace the cry of “freedom” even as they take actions that fundamentally corrode Western unity, credibility and morale. Claiming “freedom” in fact makes it hard for defenders of the rules-based […]

By Reposted by Australian FinTech | Bitcoin . Currency . FinTech
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Jan
17

Fintech trends and predictions for 2019

Fintechs are big, growing and are disruptive. Why wouldn’t they be when they are using innovative technologies making banking and financial services more efficient. So what are the predictors and futurists saying the landscape will look like in 2019 and beyond? Here’s a collection of some of the sources we think are on point! Bitcoin […]

By Reposted by Australian FinTech | Bitcoin . FinTech
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Jan
15

HSBC used blockchain to settle $250B worth of trades

HSBC has settled $250 billion worth of forex trades using blockchain in the last year, it said on Monday, suggesting the heavily hyped technology is gaining traction in a sector until now hesitant to embrace it. The bank has settled over three million forex trades and made over 150,000 payments since February using blockchain, it […]

By Reposted by Australian FinTech | Banking . Bitcoin . Blockchain . Currency . FinTech . Payments
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Jan
14

Long-dormant Bitcoin whales resuming activity could rock price action, analysts say

The number of active Bitcoin (BTC) wallets, many of which have long been dormant, has seen an uptick that could herald some major market movements, Bloomberg reports Jan. 11. Bloomberg bases its report on data and analysis from crypto analytics startup Flipside Crypto, which sealed the backing of major crypto exchange Coinbase and veteran crypto […]

By Reposted by Australian FinTech | Bitcoin . FinTech . Investing
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Jan
09

Ten years of bitcoin is about more than boom, bubble and bust

This weekend will mark the 10th anniversary of the very first transaction involving bitcoin. A decade later the future of bitcoins and the host of the so-called cryptocurrencies that it spawned is still uncertain. On 12 January 2009, someone who called themselves Satoshi Nakamoto sent 10 bitcoins to a US software engineer, Hal Finney (they […]

By Reposted by Australian FinTech | Bitcoin . Currency . FinTech . Investing
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Jan
08

Australian University awards funding to local Bitcoin exchange

A Brisbane-based Bitcoin exchange has caught the eye of Queensland’s University of Technology (QUT), which awarded the start-up $15,000 in funding. Digital Surge was selected among eight innovations to receive the money, as part of QUT’s ‘Bluebox Accelerator’ program. “We look for the most innovative start-ups across all disciplines,” said the program mentor Dr Tim […]

By Reposted by Australian FinTech | FinTech
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Dec
20

Where is the cryptocurrency industry headed in 2019?

To get a sense of just how troubling 2018 has been for the cryptocurrency industry, one need look no further than bitcoin (BTC). Heading into 2018, bitcoin traded for close to $13,500 after reaching an all-time high of $19,783.06 in December of 2017. At the time of writing, bitcoin is selling at $3,400, a loss […]

By Reposted by Australian FinTech | Bitcoin . Currency . FinTech . Investing
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Dec
19

ATO eyes cryptocurrency activity in annual tax returns

The Tax Office has restated warnings to Australians trading cryptocurrency to declare profits in their annual returns, amid an increase in questions about reporting requirements. Bitcoin and other cryptocurrencies are considered property, not currency, for tax purposes in Australia, making them liable for capital gains tax when sold for a profit after July 2017. If […]

By Reposted by Australian FinTech | Bitcoin . Currency . FinTech . Investing
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