You know it’s tax time when the Australian Tax Office releases its annual ATO hit list of the areas they are targeting for special attention. This year the ATO hit list is focused on: record-keeping; work-related expenses; rental property income and deductions; and capital gains from crypto assets, property, and shares. “The ATO is targeting… Read more »
You might have noticed some buzz lately around something called Non-Fungible Tokens or NFTs. They are essentially a digital certificate of ownership for digital assets, such as images and video. For some, NFTs might be an entirely new concept, but they have actually been around since 2014. They have become more widely recognised recently thanks… Read more »
Crypto mining is how new units of digital currency are created. It’s complex and its very process can impact investors. As crypto continues to advance and more everyday Aussies are beginning to invest, the question arises; where do cryptocurrencies like Bitcoin actually come from? While it can be easy to think it’s just uploaded from… Read more »
Comedian Robin Williams once called cocaine “God’s way of telling you you are making too much money”. This role may now have been overtaken by non-fungible tokens (NFTs), the blockchain-based means to claim unique ownership of easily copied digital assets, writes University of Canberra’s John Hawkins. The latest NFT mania involves fantastic amounts of money… Read more »
As it hits new highs, there is no shortage of bold predictions about Bitcoin reaching US$100,000 or more. Often these are based on not much more than extrapolations by people with vested interests: the price has gone up a lot so it will keep going up. If it gets above its previous high, it must… Read more »
What are ETFs, and why does this matter to the value of cryptocurrency? The Bitcoin bulls are racing again. A year ago the cryptocurrency was valued at less than US$12,000. Now it has passed the symbolic milestone of US$60,000, nudging the US$63,255 record it reached in mid-April, before its price fell to as low as… Read more »
While cryptocurrency has been around for more than a decade now, the vast majority of us are still a bit unsure about how it’s used now – and how it can be used in the future. In fact, most of the things we hear about cryptocurrency revolve around the money other people are making from… Read more »
From Elon Musk to the ATO, everyone seems to be talking crypto at the moment – and with good reason. The big question is, how do you actually get started investing in cryptocurrency? As the industry becomes better regulated and technology grows, the opportunity to become involved becomes more mainstream. Cryptocurrency is no longer the… Read more »
Not a week seems to go by at the moment without cryptocurrencies being in the news. From Bitcoin prices fluctuating to new currencies launching (Tesla’s Elon Musk is a particular fan of Dogecoin because it has ‘dogs and memes’), it’s certainly a hot topic. Businesses like PayPal, Mastercard and Visa accept it, while others are… Read more »
What is cryptocurrency? Cryptocurrencies are digital currencies that are encrypted (secured) using encryption methods, also known as cryptography. Bitcoin was the first cryptocurrency, powered by a public ‘ledger’ that records and checks all transactions chronologically. This is known as the blockchain. The success of Bitcoin has led to the creation of a large number of… Read more »
