12 results tagged "cryptocurrency":
Facebook CEO Mark Zuckerberg testifies before the House Financial Services Committee

Reserve Bank rejects Facebook cryptocurrency Libra

The Reserve Bank of Australia will not allow tech giant Facebook to launch its cryptocurrency Libra in Australia until all risks and regulatory requirements have been mitigated. And even if these regulatory requirements were met there wouldn't be ... More
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Of the hundreds of thousands of Australians who have invested in cryptocurrency, many have failed to report their profits.

Why the ATO is checking up on your crypto investments

Have you bought or sold cryptocurrency such as Bitcoin during the year? If so, the tax office could be taking a close interest. The ATO estimates there are between 500,000 to 1 million Australians who have invested in cryptocurrency assets and many ... More
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'Playing with profit': lessons from a Bitcoin trader

Kyle Kucharski has turned $500 into $10,000 through investing in cryptocurrency including Bitcoin. He says all the training you need is on YouTube. What is your cryptocurrency of choice? Bitcoin Cash (BCH), Power Ledger (POWR), Electroneum (ETN), Ethereum ... More
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How to start investing in cryptocurrency ICOs

Initial coin offerings (ICOs), which introduce new cryptocurrencies to the world, raised about $4 billion in 2017. There have been around 1300 ICOs to date. One of the Australian-based ICOs, Power Ledger, a blockchain-enabled solar energy trading platform ... More
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How to invest in cryptocurrency without being scammed

Every day people get scammed investing in cryptocurrency . Or they may get hacked. In January, the Japanese exchange Coincheck lost $660 million worth of the NEM currency to hackers. The theft highlights questions about the security practices of virtual ... More
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Bitcoin to bust? Cryptocurrency outlook for 2018

Current cryptocurrencies have no backing assets and have little commercial use given their total value. Most owners are betting on the currency increasing in value, not using it for commerce. This means the cryptocurrency is really just a speculation ... More
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