Bitcoin, Ethereum Fall in Markets as South Korea Bans Cryptocurrencies

South Korea will ban all cryptocurrency trading in the country, sending virtual currencies plummeting in crypto markets. Justice Minister Park Sang-Ki made the announcement on Thursday, calling the currencies including bitcoin and ethereum a “concern”. “There are great concerns regarding virtual currencies and justice ministry is basically preparing a bill to ban cryptocurrency trading through…

Bitcoin hits all time high of over $23,000 dollars

Bitcoin has hit another all-time high of more than $AUD23,000 on Friday night, up 9 percent on the day. The cryptocurrency’s meteoric rises, up more than 1700 percent from the start of the year, have led to some experts warning that the bubble may burst soon. Andrew Bailey, head of the Financial Conduct Authority in…

RBA Governor Talks Down Chance of Digital Dollar, Calls Bitcoin a “Speculative Mania”

Australia’s Reserve Bank has played down the chance of issuing a digital Australian dollar, claiming cryptocurrencies including bitcoin was a “speculative mania”. The bank’s governor Philip Lowe said in a speech to the Australian Payment Summit bitcoin was unlikely to become an everyday method for making payments because cryptocurrencies were not a very effective payment…

Forgery bank statements can be purchased for $6 on Dark Web

Cyber criminals are now selling Commonwealth Bank & Wespac forged documents on the dark web between $6 and $24, with payments being made with untraceable “bitcoin”. Promising world wide delivery within 24 hours, the documents are a means of accessing the nation’s financial services and banking systems, inclusive of the lucrative $2 trillion of superannuation…