Displaying items by tag: Digital currencies

GUEST OPINION: Blockchain technology and cryptocurrency are more than mere tech trends, they are revolutionising the complex global financial systems used today by market leaders like JP Morgan, MUFG, Credit Suisse and others.

The Twitter account of Indian Prime Minister Narendra Modi was briefly taken over on the weekend and a message about bitcoin being distributed to the entire country posted on it.

Australia has the highest uptake of payment service Buy Now Pay Later (BNPL) of any country, with 24% of Australian consumers utilising the service, compared with just 11% globally, according to a new report.

Global financial advisory and fintech organisation deVere Group has unveilled a new and exclusive product linked to the movements of cryptocurrencies Bitcoin and Ethereum.

India is set to put in place legislation outlawing the use of digital currencies in the country or even the mere possession of such assets, a report claims.

Cryptocurrency exchange Independent Reserve claims that as many Australians (17%) as own more than one investment property also own digital currencies, and predicts that more than half the population under 40 will own cryptocurrencies in five years.

The value of the cryptocurrency bitcoin has fallen below US$3500, the lowest it has been since September 2017, with reports that it fell to US$3447.58 on Sunday.

Australian-listed blockchain focused game developer and publisher, Animoca Brands, has announced a joint venture to develop a cryptowallet application aimed at “educated everyday users” with little knowledge of digital currencies.

Australia has passed legislation to stop the double taxation of digital currencies such as bitcoin.

A new blockchain banking solution aimed at helping financial institutions address the processes of universal cross-border payments has been launched by IBM.

A roundtable for regulators, designed to address the significant uncertainty about the regulatory treatment of digital currencies, such as Bitcoin, and blockchain technology will be a key feature of the upcoming international blockchain workshops to be staged in Sydney in December.

A newly published global security threat report warns that companies may have been taking the wrong security measures in the face of growing threats from increased malware traffic within encrypted (https) web protocols as well as twice the number of attacks on supervisory control and data acquisition (SCADA) systems.

Cloud POS provider Vend's latest feature is Bitcoin integration.

Users of Bitcoin have been cautioned to be wary of the risks associated with using the virtual currency and others like Litecoin and Novacoin.