Daily Archives: October 21, 2014

New Bitcoin exchange launches in Sydney

Posted: October 21, 2014 at 1:47 am

The Australian Taxation Office ruled in August that Bitcoin, which trades uses mathematical code, is a commodity, not a currency and people who transact using Bitcoins will have to pay goods-and-services tax on the Australian dollar value of the transaction. Photo: Jim Urquhart

The hype around digital currency Bitcoins continues to defy the expectations of investment professionals as another Australian-based exchange opens today, promising to give investors faster trading access than ever before.

Bitcoin company, Independent Reserve, has launched the country's newest exchange, based in Sydney. It is understood there are now two in Australia.

Unlike the two main Australian-based stock exchanges, Independent Reserve is not regulated by the Australian Securities and Investments Commission, which means the company has had to take investor protection into their own hands.

"Price Waterhouse Coppers are auditing all of our finances," said the company's chief executive Adam Tepper.

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"We are trying to mitigate risks to ensure people think their money is safe and secure. We have done everything we could possibly do to minimise risk to our clients," he said.

The Australian Taxation Office ruled in August that Bitcoin, which trades uses mathematical code, is a commodity, not a currency and people who transact using Bitcoins will have to pay goods-and-services tax on the Australian dollar value of the transaction.

Independent Reserve said it will not charge GST on the funds sold through its exchange.

Wild fluctuations in the price of a Bitcoin - which is currently trading at $US380 and was once as high as $US1000 - as well as heightened level of risk and lack of formal regulation are often cited by professional investors as the reasons why they will not invest in the digital currency.

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New Bitcoin exchange launches in Sydney

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Amazing Video Of Passing Space Station Lit By Green Laser – Video

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Amazing Video Of Passing Space Station Lit By Green Laser
ESA #39;s Optical Ground Station (OGS) at the Teide Observatory in Spain, shot a 3.6 Watt 532-nm laser at the ISS, giving a a greenish glow. The laser was used to test optical communication tech....

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Amazing Video Of Passing Space Station Lit By Green Laser - Video

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Alien Isolation Hard Walkthrough All Collectibles Mission 5 The Quarantine Part 7 – Video

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Alien Isolation Hard Walkthrough All Collectibles Mission 5 The Quarantine Part 7
Alien Isolation is set in 2137, 15 years after the events of Alien and 42 years prior to Aliens ( movies ) . The game follows Amanda, who is investigating the disappearance of her mother Ellen...

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Alien Isolation Hard Walkthrough All Collectibles Mission 5 The Quarantine Part 7 - Video

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Space Station Live: Ultrasound Imaging Eyes on Orbit – Video

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Space Station Live: Ultrasound Imaging Eyes on Orbit
NASA Public Affairs Officer Brandi Dean interviews Dr. Ashot Sargsyan, Ocular Health Co-Investigator. Astronauts use an Ultrasound device so doctors can stud...

By: ReelNASA

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Space Station Live: Ultrasound Imaging Eyes on Orbit - Video

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Borderlands The Pre-Sequel – Gameplay Walkthrough Part 1 – Helios Space Station – Video

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Borderlands The Pre-Sequel - Gameplay Walkthrough Part 1 - Helios Space Station
This is video is TheMediaCows #39; Borderlands The Pre-Sequel Gameplay Walkthrough Part 1. Ray and Dewey will be playing through Borderlands The Pre-Sequel all the way through to the end and be...

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Contested | StarMade Station Reviews Ep.20 – Video

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Contested | StarMade Station Reviews Ep.20
Enjoy the video? Subscribe! http://bit.ly/VU84Sb Today we take a look at Contested by Dark_Inquisitor! This is meant to show off stations to anyone that has not gotten...

By: Criss the Nightbringer

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Rensselaer in Space: Live from the International Space Station with G. Reid Wiseman ’97 – Video

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Rensselaer in Space: Live from the International Space Station with G. Reid Wiseman #39;97
One of the highlights of Reunion Homecoming Weekend, October 9-12, 2014, was a live video conversation with NASA Astronaut Reid Wiseman #39;97 from aboard the International Space Station....

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Rensselaer in Space: Live from the International Space Station with G. Reid Wiseman '97 - Video

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Super Secret Space Station – Murray Lewis – Video

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Super Secret Space Station - Murray Lewis
3D modelling of Super Secret Space Station by Murray Lewis.

By: University of Gloucestershire School of Computing and Technology

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Delivering oxygen to the Space Station – Video

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Delivering oxygen to the Space Station
ESA astronaut Alexander Gerst is responsible for unloading all the cargo from ESA #39;s Automated Transfer Vehicle (ATV) Georges Lematre to the International Space Station. This includes the...

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Delivering oxygen to the Space Station - Video

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Expedition 41 spacewalk 15 ottobre 2014 – Video

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Expedition 41 spacewalk 15 ottobre 2014
Outside the International Space Station, Expedition 41 Flight Engineers Reid Wiseman and Barry Wilmore of NASA replaced a voltage regulation device and relocated camera and television equipment.

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Expedition 41 spacewalk 15 ottobre 2014 - Video

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