Australia’s new prime minister, Malcolm Turnbull, has announced what he calls a “21st-century government”. The Conversation continues its series focusing on what such a government should look like, looking…
There’s a dark side to the internet.
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The price of bitcoin has crashed to below US$290, its lowest since November 2013, and far below its all-time-high of US$1,242 later that same month. For about three hours the price sat below US$300. This…
Cryptocurrencies, another new way of doing business.
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Efforts to explain Bitcoin and cryptocurrencies in general have generally focused on how they are both a new form of money as well as a challenge to existing forms of money. Cryptocurrencies are novel…
Bitcoin has recently received favourable acknowledgement from Apple and significant recognition from the Bank of England, but it has just suffered another serious slump in value and some more fundamental…
Bitcoin is gaining popularity with retailers, but is it money?
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Professor David Yermack of the Stern School of Business at New York University is used to being heckled when he gives talks about Bitcoin. After all, most of his work has involved pointing out all of the…
The ATO considers Bitcoin property, but rulings in other countries leave room for debate.
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It’s been about five years since bitcoin emerged online, claiming to be the world’s first digital cryptocurrency. Bitcoin functions as a form of digital cash; really, it is a technology, using cryptography…
The uses for Bitcoin are in their infancy and show signs of the “terrible twos” syndrome.
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In terms of a life-cycle of technology, it is easy to see Bitcoin as being at the same developmental stage as babies going through the “terrible twos”. All of its technological possibility lies ahead…
Could Bitcoin turn banking on its head?
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Australia’s big four banks are the most profitable in the world. Last year they made A$27 billion in profit, up 9.5% on the previous year. Tech leaders in Australia say the financial industry is ripe for…