Crypto

There are now more than 22,000 cryptocurrencies on the market, but most have small market capitalisations and unclear use cases, according to a recent Invesco report. The blockchain technology underpinning them, on the other hand, could change the infrastructure of finance.

The RBA is keeping an open mind about a potential central bank digital currency in Australia, including running a pilot eAUD program next year. But many of the arguments in favour of a CBDC fall flat in the Australian context, says Assistant Governor Brad Jones.

The collapse of the fifth largest cryptocurrency exchange, joining a growing list of crypto casualties this year, has raised serious doubts about the asset class. Observers say more rigorous oversight is coming.

The race to tokenize is on, with Australia joining Switzerland, the US and Japan in embracing the technology

The Syfe Investor Pulse 2022 highlights the changing structure of a retail investor’s portfolio.

The NFT market had a breakout year in 2021, and there’s still heightened interest in this digital asset class despite unfavourable market conditions. But are NFTs worth the money-or the hype?

Crypto markets were dealt another blow following the demise of crypto broker Voyager Digital. The company has filed for bankruptcy protection, becoming the latest domino to fall in the beleaguered digital-asset market.

If history repeats and demand returns back into Bitcoin, there is a very big chance the cryptocurrency will recover almost instantly.

In case you missed it, the second crypto meltdown is underway a month after the implosion of the Terra stable coin, sent crypto markets tumbling. This crypto sell-off has claimed another casualty, ‘The Celsius Network’.

Speaking at the Financial Standard’s forum on the growth of Exchange Traded Products was a panel of three experts, Ganesh Balendran from ETF Securities, Dan Annan CEO of Cosmos Asset Management and William Spraggett distribution partner at 3iQ Digital Asset Management. The three discussed the rapid growth of cryptocurrency in Australia and the trends going forward.

Crypto can’t seem to catch a break, with prices plummeting yet again, as central banks including the RBA, continue hiking rates even higher.

From its infancy to now, the Exchange Traded Products (ETP) market has been growing exponentially, with 2021 becoming a record year for flows despite the COVID-19 pandemic. What started with about 126 products, has quickly grown to more than 266 products in the Australian market alone.