Tag - Currencies

Traditional Money on the Decline Amid Rising Interest in Digital Currencies

Paying with traditional banknotes is on the decline as interest in contactless payments and digital currencies rises. That’s according to the co-founder of the Sohn Conference Foundation. Speaking with CNBC on the sidelines of the Sohn Conference in London, Evan Sohn said that a world without fiat money is quickly approaching, adding: How far are we from a restaurant that says we only take online payment? If you eat here, you have to download this application and we only take electronic payment, no [...]

As Bitcoin Price Hits Record Highs, Australia’s Government Considers Digital Currencies and Tax Implications

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. As Bitcoin’s valued soared to record heights over the weekend, the Australian government heard evidence on digital currencies and its tax implications. On Saturday, Bitcoin’s value saw its value rise to $6,200 for the first time, pushing its Market cap to $102.8 billion. With Investor interest increasing in the cryptocurrency Market, governments are turning their attention to the impact it presents. One of which is Australian’s House of [...]