19 results tagged "cryptocurrency":
what is an nft non fungible token

What are NFTs and are they really just a passing fad?

On March 16, 2021, billionaire techno king Elon Musk appeared to be selling a recent tweet of his as an NFT. "I'm selling this song about NFTs as an NFT," Musk, CEO of Tesla, tweeted. He later took back his tweet, after passing on an offer of over ... More
By -

Seven things you need to know about investing in crypto

Bitcoin is soaring, having climbed from $20,000 in November 2020 to reach $74,000 in March 2021. It is creating opportunities for spectacular gains, and if you are still sitting on the sidelines and have not yet invested, here are seven key points to ... More
By -
crypto scams that begin as romance scams

The cryptocurrency cons that begin as romance scams

The moonward trajectory of Bitcoin has garnered mainstream attention. What's received less attention, though, are the associated cryptocurrency scams you'll want to avoid. Crypto scams come in all shapes and sizes. This month, Stefan Qin, a ... More
By -
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
By -
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
By -