Mastercard Announces Plans to Offer Cryptocurrency Services

Mastercard will soon allow its banks to provide cryptocurrency services. The financial institution has partnered with cryptocurrency exchange firm Bakkt to expand crypto options across the thousands of merchants and banks under its vast payment network. Mastercard made the announcement this week at the Money20/20 fintech conference. The company’s partnership with Bakkt will enable Crypto-as-a-Service,…

Bitcoin Surges Following Trading Debut: Should You Invest?

Bitcoin prices are surging at an all-time high this week following the crypto-giant’s highly anticipated trading debut. Bitcoin’s first futures exchange-traded fund (ETF) debuted under the ticker BITO on Tuesday. The next day, bitcoin prices skyrocketed to over $66,000. Prior to this week, bitcoin last peaked at $64,899 in April. Investors predict bitcoin may rise…

petrol

Petrol Prices Across Australia Are Rising with No End in Sight

Oil prices are skyrocketing globally, resulting in record-high prices for petrol across Australia. Petrol prices have been volatile over the past two years, with experts attributing the fluctuation to the pandemic. “As with many sources of volatility we’re seeing in the economy, it’s the pandemic,” Associate Professor of Economics at Melbourne University David Byrne told…

Cryptocurrency approaching formal regulation as major Ethereum upgrade advances

A senate inquiry led by Liberal Senator Andrew Bragg is approaching its final stages and prepares to make its recommendations around the regulation of the burgeoning cryptocurrency space in Australia. With some reports suggesting up to 1 in 5 Australians own or intend to own cryptocurrencies, regulation is almost inevitable. Regulation may further accelerate broader…

The G7 Summit: What did the world leaders agree on?

The leaders of the G7 countries have recently ended a three-day summit, pledging to address vaccine inequity, climate change, global taxes, and China’s growing power. In a communique released at the conclusion of the meeting in Cornwall, England, the leaders of the G7 countries – France, Germany, Japan, Italy, Canada, the United Kingdom, and the…