Media Mentions
Changpeng Zhao’s 4-month sentence a ‘general deterrence,’ says lawyer
Binance founder Changpeng “CZ” Zhao’s four-month prison sentence for Anti-Money Laundering violations appears to be an act of “general deterrence,” with the judge sending a clear message of compliance to the crypto industry, according to lawyer Aaron Lane. “General deterrence appears to be the main rationale behind the term of imprisonment,” Lane, a senior law lecturer at Melbourne’s RMIT Blockchain Innovation Hub, told Cointelegraph. Read more …
Bolstering native food markets through blockchain
Around 70 native foods business practitioners attended the inaugural First Nations Native Food Blockchain Workshop at Healesville last week. The workshop was delivered by the RMIT Blockchain Innovation Hub in partnership with Agriculture Victoria and the Federation of Victorian Traditional Owners Corporation (FVTOC). Over two days, the workshop explored the potential for blockchain technology to support positive outcomes for Victorian Aboriginal native food businesses. Read more …
Bitcoin Joins the Big League
The recent approval of bitcoin exchange traded funds (ETFs) by the US Securities and Exchange Commission (SEC) is a significant milestone in the cryptocurrency’s journey into mainstream finance says Francesco Solfrini in Acuity (27 March 2024). According to Dr Elizabeth Morton CA, senior lecturer and research fellow at RMIT University’s Blockchain Innovation Hub “The novel jargon and complexity of the technology has been a barrier to many investors. Investors may see the familiarity of ETFs as an opportunity to delve into the crypto economy.” Read more …
Is the Future of Crypto Real World Assets? (RWA’s)
Experts like Professor Jason Potts, Director of the Blockchain Innovation Hub at RMIT, believe that by consolidating tokenized assets on a single, public ledger and facilitating market transactions with a reduced trust cost — governed by rules embedded within and enforced by the blockchain itself — it is possible to drive a significant shift towards what he describes as “programmable commerce.” Read more in this article by Alex Morrison in the Crypto News Flash 6 March 2024.
Latest bitcoin surge more linked to ETFs and interest rates than 'halvening', analysts say
The world's most recognisable cryptocurrency is taking risk-taking investors on another rollercoaster, with bitcoin setting a new record price overnight before plunging in value again mere hours later says ABC’s business reporter Emilia Terzon in this article published 6 March 2024. However, Professor Chris Berg from RMIT University doesn't believe this looming event is a major factor in the current bitcoin surge cycle and the supply put into the market by miners is now relatively small. Read more …
Talking tech with Brett Levy and Dr Nataliya Iluyshina on TNTRadio.Live
This episode of Talking Tech recorded January 2024 with Alex Zaharov-Reutt, examines the latest Apple OS updates and the Mac turning 40 with Brett Levy on the massive eSports and gaming phenomenon, and Dr Nataliya Ilyushina on everything important in AI.
The US has made bitcoin 'mainstream' by approving ETFs, so what's stopping Australia from riding the crypto wave?
Despite Mr Gensler's warning that the SEC's approval was only for ETFs and not a sweeping endorsement of bitcoin or cryptocurrency more broadly, experts say it has legitimised digital currency anyway. "I think it does start to destigmatise [crypto] now," says Dr Darcy Allen, the deputy director of RMIT's Blockchain Innovation Hub. Read more in this ABC News story dated 23 January 2024 …
AI to spark new wave of powerful cyber attacks as academics blast Albanese government’s plan, warns Ashurst
RMIT’s Dr Nataliya Ilyushina says “Not having enough regulation can lead to market failure where cybercrime and other risks that stifle business growth, lead to high costs and even harm individuals”. Read more in this article in The Australian Business Review on 18 January 2024
Will you pay to use cash?
We've all become used to paying surcharges for swiping a bank card, but how would you feel about being slugged extra because you're paying with cash. Transporting and processing cash is becoming more expensive - as the number of people using it plummets. And now the Governor of the Reserve Bank is warning it's likely those costs will soon be passed on. Listen to Michelle Bullock, Reserve Bank governor and Chris Berg, Digital3 at RMIT University discuss this with reporter David Sparkes.
What does the Binance scandal mean for Aussie investors?
The cryptocurrency sector has been rocked by two of the most high profile criminal cases of 2023: major fraud at FTX and violations of anti-money laundering laws at Binance. Are these criminal scandals the clean up that the sector needs before crypto goes mainstream?
Listen to ABC’s RN Breakfast featuring Caroline Bowler - CEO, BTC Markets, Dr Aaron Lane - Senior Lecturer in Law & Senior Fellow, Blockchain Innovation Hub, RMIT and Nikhilesh De - Managing Editor for Global Policy and Regulation, CoinDesk
Swyftx says Binance CEO Zhao Changpeng conviction a 'line in the sand'
The situation at Binance is unlikely to cause liquidity problems at local exchanges, says Aaron Lane, senior lecturer at RMIT Blockchain Innovation Hub.
"The allegations in relation to Binance have had to do with money laundering," he explained in this article on ABC News on 23 November 2023
People Are Becoming Web3 ‘Digital Citizens’ Of Palau For Only $390
“Governments offering e-residency programs to attract foreign investment and provide high-quality services is not new. Jurisdictions like Estonia, Latvia, Singapore, Dubai that typically have advanced digital infrastructure have been doing it for a while,” Professor Jason Potts, Professor of Economics at RMIT and co-director of RMIT’s Blockchain Innovation Hub, told The Chainsaw in this article on the 19 November 2023.
'We are so back': Making sense of the Bitcoin bump
RMIT Blockchain Hub’s Darcy Allen says “Part of the recent price upticks are people betting that there will be much more capital from traditional finance come into crypto markets” in this article published by Capital Brief on 16 November 2023. Read more …
The NFTs that survived crypto winter
Most NFT collections have fizzled out over the past 18 months. However, Pudge Penguin NFTs has not only survived but thrived. “The idea that you can use these collections to raise money in a kind of crowdfunding sense is really valuable, and we’ll see more of it” says Blockchain Innovation Hub Researcher Darcy Allen. Read more here:
Why have cryptocurrency values rebounded recently and can they get back to previous peaks?
In recent weeks, Bitcoin was boosted by news that one of the world's biggest asset managers, Blackrock, has applied for a licence to run an exchange-traded bitcoin fund. "This is a big deal," RMIT Blockchain Innovation Hub's deputy director Dr Darcy Allen says. Read the full article here:
What the Bitcoin bounce means for the wider crypto market
Why are crypto prices soaring? Blockchain Innovation Hub Deputy Director Dr Darcy Allen joined ABC The Business to discuss how investors are betting on positive rumours. “Soon we might see more regulatory legitimacy through approval of a Bitcoin ETF in the United States. If approved, an ETF would mean greater intergration and access of traditional finance markets into crypto.”
Cautious optimism on AI
The submission to the House of Representative committee inquiry into AI in education from Darcy W E Allen and RMIT colleagues researching AI and blockchains also points to potential positives – and enthusiastically embraces the unknown.
“We simply do not yet know how generative AI will be used in a sustainable and value-generating way. The viability of various uses, including their costs, will emerge through a process of experimental trial and error. This process is fundamentally entrepreneurial — we are discovering valuable uses under uncertainty. There is no other way but to experiment.”
Female leaders give opposing views on issues faced by women in Web3
Dr. Nataliya Ilyushina, who is an economist and a research fellow at the Blockchain Innovation Hub at Royal Melbourne Institute of Technology, believes the lack of regulations in Web3 exposes women to higher risks in the space, leaving them vulnerable to frauds and work place injustices without clear protective measures such as social-welfare benefits.
Tokenized Real World Assets (RWA): Where are they now?
Due to the investment drought left over by the crypto winter, termination of the banks embracing cryptocurrency, and the Fed’s hiking cycle that made capital more expensive, we are still in the pioneering stage of the global RWA market.According to prof.Jason Potts from RMIT University, the end-goal of RWA tokenization is to “replicate real-world social infrastructure in a digital world.”
Digital artist Ben Fowler tells how NFTs create a new global marketplace for Australia's regional creatives
In 2017, RMIT established the Blockchain Innovation Hub, to study the cultural and political implications of the technology on society.
Despite the drop in NFT prices, the hub's deputy director, Darcy Allen, says the use of blockchain has been a "fundamental leap forward for the art world".
After 15 months in power, federal Labor continues to hasten slowly on regulating cryptocurrency
Chris Berg, co-director of the RMIT Blockchain Innovation Hub, told the committee that there is degree of urgency for the enactment of regulation, noting recent examples of consumer harm in the crypto sector and the known policy options for regulation.
Grocery giants rake it in while Aussies struggle
Supermarkets Coles and Woolworths have just recorded huge profits, while many Australians struggle to afford the basics.
And how could ditching cold hard cash for good actually impact people who are already disadvantaged with Chris Berg, Blockchain Innovation Hub at RMIT University.
Australia's transition to a cashless society raises concerns about financial exclusion, privacy and safety
"A lot of policymakers will talk about the end of cash as if it is something we should be aspiring to," Dr Berg says."It's probably the way we are going, but it shouldn't be a public policy decision because there are some people who still need cash."
Worldcoin wants to scan your eyeballs, should you let it?
Worldcoin aims to provide its users with a verified digital identity, by scanning their eyeballs. The project is offering free cryptocurrency in exchange for an individuals biometric data, but it's been banned in Kenya amid privacy concerns.
Seamus Byrne, Head of Content at Byteside and Chris Berg, Director of the RMIT Blockchain Innovation Hub join Rae Johnston on Download This Show.
Cash is no longer king. Will crypto take the crown?
The cheque has been handed an official death notice, while the end of cash is looming. So, as money becomes increasingly digitised, how exactly are our payment habits changing?
Chris Berg, Director of The Blockchain Innovation hub at RMIT University and Jessie Hughes, Creative Technologist join Marc Fennell on Download This Show.
Decentralizing Energy: Exploring the Power of Blockchain for a Lower Carbon Future
"The potential of blockchain technology in the energy sector is immense," said Professor Sinclair Davidson, from RMIT University, report contributor and blockchain expert. "By combining the power of distributed technology with a blockchain accounting system, we can unlock a more sustainable and efficient energy ecosystem. This report aims to provide a comprehensive understanding of blockchain's role in creating trust within the energy and grid landscape."
How to claim crypto losses and capital gains in your tax return
If you managed to make gains in the past year, you may need to pay extra tax. Or you may be able to use losses to offset other gains you have made. Find out more from Blockchain Innovation Hub Researcher Dr Elizabeth Morton in this article.
Blockchain Research Companies/Centers in Australia play pivotal roles in global advancement
Australia, known for its robust research ecosystem and forward-thinking approach, has embraced blockchain technology with open arms……Through its pioneering work, the (RMIT Blockchain Innovation) hub plays a vital role in shaping the future of blockchain technology, contributing not only to technical advancements but also to the broader societal implications of this transformative innovation.
Australian banks claim 40% of scams ‘touch’ crypto as it defends restrictions
“Banks and other financial institutions are under increasing pressure to tackle the growing problem of scams involving cryptocurrency. Imposing time delays, declining transactions, and placing deposit limits are all mechanisms for banks to retake control and limit their legal and regulatory risks.” says Dr Aaron Lane at the Blockchain Innovation Hub.
Experts divided on need for regulation of AI
Experts from RMIT are divided on whether there is a need for more regulation to curb the excesses and potential risks of advanced artificial intelligence. Dr Nataliya Ilyushina, a Research Fellow from the College of Business and Law, said it would be premature to impose tough regulation on AI without considering its enormous potential productivity benefits.
What is Bluesky and how’s it different to Twitter?
“Amid management changes at Twitter, discontented users are exploring an alternative social media platform called Bluesky. According to media reports, downloads of the Bluesky app surged more than 600% in April.” writes Dr Nataliya Ilyushina from the RMIT Blockchain Innovation Hub
Coinbase sues SEC in bid for clarity on crypto rules
“Dogecoin is best thought of as a cultural product, rather than a financial asset,” writes Jason Potts, a professor of economics at Australia’s RMIT University. “The reality is few cryptocurrency users hold it as a serious investment or to use in regular transactions. Instead, to own Dogecoin is to participate in a culture.”
Drug crimes and crypto payments
Bitcoin and other cryptocurrencies have been involved in court cases – usually as a form of payment – with allegations ranging from drug offences to commercial trafficking.
Dr. Aaron Lane from the RMIT Blockchain Hub discusses how crypto’s use has evolved, and whether paying via digital tokens equates to harsher criminal sentences.
Aaron Lane provides insights into the arrest of Sam Bankman-Fried who has been the target of multiple investigations as US authorities searched for at least $1.49 billion in missing customer funds.
Melbourne’s future relies on quality digital infrastructure and skills
According to Dr Alexia Maddox from the RMIT Digital CBD Project, a key factor in reinvigorating the city is creating digital experiences that are inclusive, engaging and rewarding for people who visit, live and work in the city and businesses that invest in the city.
Using Blockchain to Tackle the Waste Crisis
“Etherum’s processes to verify transactions consume a similar amount of energy to the Republic of Ireland,” Dr Alexia Maddox, a research fellow at the Blockchain Innovation Hub at RMIT University, tells Matters Journal. “We can think of these large blockchains as equivalent to national consumption.”
SEC suit hints at case for U.S. jurisdiction over ethereum network
The bigger issue here is the problems over jurisdiction of blockchain activities more generally,” said Elizabeth Morton, researcher at RMIT Blockchain Innovation Hub.
For Myanmar’s revolutionaries, adopting digital currency can mean life or death
“You want to give people the most reliable, bullet-proof currency you can find or design.” Ellie Rennie, a professor at RMIT University in Melbourne who focuses on social and policy questions arising from automated technologies, speaking to Rest of World.
Em chats to Research Fellow, Blockchain Innovation Hub at RMIT University, Alexis Maddox about how the pandemic has changed the way in which we use cities.
CBD workers spend just 16 hours in city as work-from-home sticks
An RMIT study – Are people ready for a Digital CBD? – has found that, on average, people with a job spent just over three days a week in their primary workplace with work from home trends set to continue says Dr Alexia Maddox
Workers desert CBD
"People like to work where they feel productive" says Dr Alexia Maddox on Channel 9's Today Show." The trend for working from home is set to continue & it forces us to re-imagine the city for future use".
A political history of DAOs
Kelsie Nabben writes about the story of the Cypherpunks Mailing List, an obscure ‘90s email server that developed decentralized technology as a path to new forms of human organization
Australia’s new government finally signals its crypto regulation stance
Dr Aaron Lane believes the token mapping exercise is something of a delaying tactic by the Labor government
Government’s crypto crackdown labelled a ‘stalling tactic’
RMIT Blockchain Innovation Hub’s Dr Aaron Lane told Deborah Knight regulating cryptocurrency has been a long-time challenge on 2GB.
Blockchain for real estate
Jason Potts sat down for a Q&A with Gautam Paul from NZ Blockchain Forums to dissect the findings from the Blockchain report on opportunities and disruptions in real estate released earlier this year and provides some key insights
How Web3 is affecting our behaviour
What are the effects of crypto and blockchain innovations on real world environments? Listen to a conversation with social scientist and researcher Dr Alexia Maddox.
The Digital Self, Web3 and reclaiming your online identity
Listen to Kelsie Nabben discuss the impacts of Web3 on our sense of identity as online and offline experiences increasingly merge.
How the cypto market started
Chris Berg provides insights the world of cryptocurrency. “Everyone knows where the liabilities are.. & there is no sludge of toxic assets left behind when something's true value turns out to be zero. Perhaps the crypto downturn’s wider implications are more cultural than economic."
Blockchain Innovation Hub team members get involved in this festival to showcase emerging tech and research for digital cities of the future. Check out the program to be involved.
Could blockchain technology revolutionise Aus & NZ real estate?
The Real Estate Institute of Australia & the Real Estate Institute of New Zealand in collaboration with RMIT’s Blockchain Innovation Hub, have released a groundbreaking new report showing how blockchain technology could be used to revolutionise the real estate sector.
The crypto crisis explained - cryptocurrency has taken a big dive as inflation and interest rates spook investors around the world. Kelsie Nabben provides insight into this.
Report highlights the role of cities and emerging tech in supply chain resilience
Technologies such as sensors, drones, autonomous vehicles and artificial intelligence (AI) forecasting could reduce vulnerabilities in Melbourne’s supply chain that were highlighted during the pandemic, according to a new report.
Digital CBD Project Report 3 released
This report — Towards just and resilient supply chains for the digital CBD — aims to provide a deeper understanding of the issues and challenges supply chains faced during the pandemic and explain how emerging technologies and other digital infrastructures can be used to build secure digital supply networks into the future.
What are ‘binaural beats’ and do they affect our brain?
Dr Alexia Maddox is a co researcher on how binaural beats can to help with sleep, stress, anxiety and cognition…….
What is a stablecoin & the regulatory process in place
Listen to Dr Aaron Lane in this short and concise interview on Money News
Distinguished RMIT Professor Jason Potts talks to Gitcoin founder Scott Moore. Moderated by RMIT Blockchain Innovation Hub co-founder Chris Berg. At issue: How should a treasury be spent? How is a treasury in a web3 organization different from a traditional corporation’s treasury?
Creating city DAO pilots for Melbourne
Is it possible to create a #DAO for Melbourne precincts? Author Dr Max Parasol explores this #digital opportunity in the soon to be released #digitalcbd report which suggests a staged regenerative strategy targeting specific regions.
Welcome to the first episode in a new mini-series, co-hosted by RMIT, focusing on treasury management and funding public goods. This week Yearn Finance’s Bull Trapper and RMIT Blockchain Innovation Hub senior research fellow Dr. Darcy Allen, chat with RMIT’s Chris Berg and SCRF’s Eugene Leventhal. At issue: what unique challenges does treasury management present for web3 and how do you balance diversification with growth and other long-term goals?
Entrepreneurship in a Digital CBD
Find out more about entrepreneurship in a digital CBD from Dr Alexia Maddox
Alleviating poverty in the developing world through blockchain technology
The RMIT Blockchain Innovation Hub has successfully secured over A$300k in grant funding from the Templeton World Charity Foundation Inc to investigate how decentralised finance (‘DeFi’) can help alleviate poverty in the developing world.
Dr Aaron Lane speaks about the need to change laws to allow investors to get financial advice and a public register of crypto exchanges.
Prof Ellie Rennie’s guest on “The Quicky’ Podcast by Mamamia
In the Podcast, Prof Sinclair Davidson speaks about The New Technologies of Freedom.
In this video Tracey Spicer talks to Dr Sarah Sinclair from RMIT about home equity release products for retirees, such as reverse mortgages and the Pension Loans Scheme.
Road To Tokyo, ABC 24 - 2/09/2021
Ellie Rennie Talks to ABC 24 - providing commentary on the possibility of safely decentralising the banking system, Ellie Rennie
ASIC: RBA digital coin not for super investment
The Australian Financial Review - 1/09/2021
ASIC has warned an RBA-issued digital coin is unlikely to be an attractive option for super funds wanting exposure to cryptocurrency, as the functions of digital assets have widespread and changing properties, Jason PottsPM’s surprise investment in a better class of economic debate pays off, The Age, 27 August 2021.
Michael Brennan, Chair of the Productivity Commission referencing “The evolutionary approach to economics”, Jason PottsA matter of trust: Making the case for blockchain in government, FST Media, 11 August 2021
Crypto leaders are obsessed with life extension. Here’s why, Cointelegraph Magazine, 11 August 2021
I've just started investing in cryptocurrency. Here's what I've learned, ABC Everyday/Madeleine Morris
The artists and rock stars making millions of dollars from NFTs
Tell it to me quick: What are NFTs and are they really worth millions?
After GameStop, the rise of Dogecoin shows us how memes can move markets
Time to reject Trump's legacy and to back free trade and immigration
Hacking the pandemic: how Taiwan’s digital democracy holds COVID-19 at bay
RMIT expert available for comment on Prime Minister Scott Morrison's JobMaker Digital Business Plan
Report finds AI and Blockchain could transform Australia’s transport sector
Professor Sinclair Davidson Recipient of JBBA 2020 Global Peer Review Award
Australia's Confused Tech Regulators Are Cracking Down on Google for Using Links
The COVIDSafe app was just one contact tracing option. These alternatives guarantee more privacy
Government blockchain plan 'lacks vision' - Financial Review
LinkedIn's surprise most in-demand skill of 2020 Not everyone is convinced - Information Age
Get back to where we once belonged - The Spectator Australia
Blockchain technology to improve water rights - Financial Review
Look at our history protectionism doesn’t work - The Spectator Australia