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Decentralised finance, or DeFi, is one of the fastest growing areas in cryptocurrency. While Bitcoin challenged the idea of electronic currency, DeFi looks to reimagine our broader financial infrastructure.
Regardless of how new or experienced you are with investing, cryptocurrency trading works differently, in that once you purchase your Bitcoin, Ethereum or other cryptos, you then need to have a place to store it safely and securely.
Bitcoin, as we know it today, is an open-source project, reliant on the work of many individuals working as a collective rather than being beholden to a central authority. But for such a seemingly open project, its origins are more mysterious than you might expect. Enter Satoshi Nakamoto.
You would be forgiven if the concept of mining Bitcoin went over the top of your head. After all, Bitcoin is a cryptocurrency and certainly not something that can be dug out of the ground! But it is 'harvested' in another way - and that is where the concept of mining, in a digital context, comes into play.
You've probably heard that Bitcoin can be used for making payments as well as trading, but how, exactly, do Bitcoin transactions work?
Regulation has been a hot topic of discussion in many countries around the world, and Australia has been no exception.