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Ripple 101 – understanding XRP and the Ripple network

Ripple (XRP) is a centralised cryptocurrency, that aims to make it faster and cheaper to send money around the world. While most cryptocurrencies try to get far far away from governments, banks, any form of central control, Ripple is the opposite. Ripple is trying to work with the old school banking system to change the way …

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Tax and cryptocurrencies

There’s been a lot of uncertainty around how cryptocurrencies should be treated for tax purposes – cryptocurrencies and blockchain technology were not even conceived when our current tax legislation was written, and they don’t neatly fit any of the categories. This uncertainty has improved recently when IRD published guidance to explain how New Zealand’s existing tax …

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What is Bitcoin?

Quite simply, Bitcoin is just a digital currency. In many ways, it operates like any other currency. You can use it to buy goods and services, and you can use it to store value, like you would with money in your bank account. But Bitcoin doesn’t have any real value, right? That’s right – the …

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AML. Because some people are dicks.

We get a lot of people asking why it is that they have to jump through so many verification hoops, with ID and address verification etc, just to be able to buy some cryptocurrency. The short story is that, like all other (reputable) cryptocurrency exchanges and brokers in New Zealand, we are required to comply …

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Beyond Bitcoin – the world of alt-coins

So you’ve heard about Bitcoin, and maybe you know some of the things that are unique about Bitcoin as a currency. But are you aware that Bitcoin is not the only digital currency out there? ….Welcome to the world of alt-coins! Before we get in to alt-coins though, let’s take a quick retrospective to understand …

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IOTA 101 – what is IOTA?

IOTA is pretty unique in how it works, and is often referred to as the “third generation” of cryptocurrencies. Where most cryptocurrencies are based on a blockchain, IOTA works on an tangle. This might sound like a relatively boring distinction, but it results in some impressive differences and features that other cryptocurrencies struggle to provide. …

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Stellar Lumens 101 – what is Stellar?

Firstly, a bit of clarification on what we’re actually talking about. “Stellar” is an open source network protocol for the exchange of “lumens” (the currency of Stellar). The technology is based on the Ripple protocol, but after years of development has mainly developed its own code. The best things about Stellar (the network) are: speed …

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Dash 101 – what is Dash?

Dash is a popular digital currency that differs from Bitcoin in several ways. Launched in April 2014 the development team created the currency with maximum speed and low fees in mind. Dash is also known as ‘Digital Cash’. The best things about Dash are: Strong governance, which makes it easier for Dash to innovate and …

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Litecoin 101 – what is Litecoin?

Litecoin is a popular peer to peer digital currency that was forked (branched) from the original bitcoin design. This makes it similar from a technology standpoint to the first ever cryptocurrency. Litecoin’s creator is Charlie Lee; a former google employee and Director of Engineering at Coinbase. His vision was to create an improved, faster version …

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What’s so special about Bitcoin?

There are a lot of ways in which Bitcoin is different from any traditional currency, and which make the Bitcoin technology so interesting. Fully digital – Bitcoin has no physical appearance, it’s recorded electronically but doesn’t exist in any tangible form. Decentralised – Bitcoin is not owned by a bank or government, or by anyone! …