Digital currency bitcoin fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin by British and U.S. banks.
Digital currencies such as Bitcoin will no longer be subject to the GST, the federal government announced during last night’s budget.
From enabling the Internet of Things, to managing the use of digital content and improving the efficiency of global payments, there’s more to blockchain technology than just Bitcoin.
What was once seen as two separate worlds unlikely to join forces, banks and cryptocurrencies are now starting to come together.
Commonwealth Bank of Australia will soon launch Ripple technology for its subsidiaries to transfer payments between them, CIO David Whiteing said today at a AIIA event in Sydney.