Bitcoin Forum

BREAKING: The Reserve Bank of Australia exploring potential use of a digital currency (CBDC) that will be powered by the Ethereum blockchain!

Wow, that means ethereum will be used to provide the infrastructure to build CBDC.

I can mention the link to the news

https://coinmarketcap.com/de/headlines/news/ethereum-blockchain-chosen-by-reserve-bank-of-australia-for-issuing-cbdc/

That will be a very interesting thing but honestly I doubt about that as the scalability of ethereum will become the main problem that will prevent this massive adoption.
If CBDC will be successfully built on ethereum platform and I think more parties will be also using ethereum to create more CBDC.

Lots of good news, but now bitcoin is dictating the rules. Therefore, we need to build on the Bitcoin trend, because we all know that altcoins rise and fall faster.

This is good for ethereum network. Actually It likely be used instead of any other blockchain. Most importantly it is user friendly and probably prefer by a lot. This could be a game changer aside from the eth 2.0 staking platform goes live.

I dont get whats your point here. What you mean dictating? Altcoin also depend on btc movement but it doesnt mean that its movement is so fast that it could easily turn down.

Good to see Ethereum getting limelight from Australian Government. Though it might just be a temporary solution till they build their own blockchain but it would certainly make people buy Ethereum and get introduced to it to transfer the token. The best of all, the Bank of Australia should also buy ethereum to make it happen and to transact it to others. Hope these news would be beneficial for Ethereum.

It's really a great news for eth and it's users this will definitely boost the reputation of eth as the Australian government has opened up the crypto account with eth, another reason to consider investing in ethereum is the increasing use of Blockchain technology, which attracts more and more  success in crypto trading. Eth is an innovative technology that change the world it's a worth investment as well.

Do you have a link to the news? because when I searched the internet, I only found about the Reserve Bank of Australia explores central bank digital currency, and that's just talking about stablecoins not ethereum.
this is the link I mean https://coinrivet.com/reserve-bank-of-australia-explores-central-bank-digital-currency/

Of course, it's good for the price and development of Ethereum in the future whether Ethereum will return to the highest price like in 2017 if this happens again will surprise investors because more and more investors will make an investment I will wait for the price of Ethereum to rise even higher Next year.

You wrongly find it mate, the link that you have posted and searched online has been created last January. But today, they have announced something new and a big change in their minds.

This new development will surely give a huge impact on the market trend, especially for Ethereum and I was then excited to see it.
Let's see how this becomes a tool for investors to take a look over ETH. I assume that whales are getting interested in this new development, maybe we have to prepare as well, and investing in Ethereum will be the best thing to do now before hypes started.

Everytime there is a news about companies, countries or projects that like to adopt or use Ethereum the scalability issue keeps popping up this is something that they should address and fix, Ethereum is the top coin in the smart contract creation and many companies are going to use this, they should be ready for this the Ethereum 2.0 is promising but we have to see how they are going to address this.

wow thats relly on eth blockchain the largest altcoin hashrate

if its really happen many other national currency will deploy on eth and surely the adoption very large to eth tackle & maintain the network surge with many user

and there is no other alt have large network like eth

This is why Ethereum will always be the best smart contract platform, upon many other smart contract projects we have new developers still prefers ethereum blockchain, no new project will ever be able to overthrown ethereum

More acceptance means more growth. The Reserve Bank of Australia actually doing great think to put trust on digital currency as they're aware of the trend. Eth 2.0 FOMO to come, it won't be stopped by any means. I guess only time will tell foe sure, yet i'm certain it's not just me who sees this chance!

if indeed it will be implemented through the ETH network, be ready for us to welcome it and prepare ourselves for an increase in ETH in the market,
and maybe if it is very capable it could be that the price of ETH gas will increase or maybe it will also decrease.

I think the reserve bank of Australia is betting on the success of the CBDC coin with Ethereum 2.0. Even though it's not out yet, we can still hope it's not as bad as the current version. Ethereum's transaction cost and speed will hinder CBDC's success.
I think the Reserve Bank of Australia is just getting the idea of their CBDC currency and they can change their choices as they evolve. Ethereum could develop a private chain for the reserve bank of Australia.

That is really a great news both for Ethereum and the entire crypto space, who would have thought years ago that Ethereum will get to this stage of being recognised by the government, thus meaning that, it is very important to build something that will be worthwhile as time goes by, unfortunately this is what most new projects developers are yet to understand. Also, for Ethereum to get this type of recognition it means the blockchain is worth it and I wonder what those platforms that claims to beat Ethereum will do with this news. And most importantly, this year the crypto space has been gaining lots of attention, as huge organizations are now coming on board gradually, I believe there is really more to expect in the near future.

Yes, but for now I don't see any significant changes in ETH prices in the market and the transaction gas fees on the ETH platform are still cheap, so there is no effect on that for now, although it is likely that there will also be.

This is a good news for Cryptocurrency - for it. As long as Cryptocurrency is getting acquainted with all the other and almost all central banks are accepting and accept. More than all the banks will accept in the future.

Great news, It seems like the adoption is real and moving forward in all four corners of the globe, I hope it will continue to develop further, and because it involves the Ethereum Network can we expect a pump in the coming days? But to be honest CBDC's are trending nowadays and look's like many countries are already exploring any possibilities about it.

This is very good, if there are many good news around the Ethereum blockchain, the value of ETH will rising more.
And we know that ETH will be updated to ETH 2.0, hopefully it will become a more valuable coin in the future.
Ethereum marketcap maybe still far to reached same as bitcoin marketcap, but we don't know if Ethereum keep developing and the marketcap value will growing in the future.

Am sure this will increase the possibility of the use and more engagement of digital currency in mainstream.
However, there is still more to done before that time comes!

I agree with the above. Additionally, the bell curve that's happening with the token space will surely void any ETH 2.0 TPS upgrade. How can every single token on ETH have the ability to transact infinite amount of TX.

Sounds great in theory, but nonsensical in reality.

Maybe that can help ethereum to lift the price since it is good news from ethereum. Maybe we will see a surprise from ethereum in the market, and hopefully, it can give a chance for ethereum to increase the price.
If that can succeed in lifting the ethereum price, maybe ethereum can stay at a high price than now and stable at that level before the price gets another pump that can come anytime.
The ethereum traded at $375, and maybe we will see the reaction in a few hours or days later. Hopefully, what we want will be happening later, and we will see the ethereum price can break $400 again.
But if the ethereum price can not increase after this news, and it still at a price now, maybe we need to hold the ethereum or buy back more ethereum.

Then other countries that have reportedly going to have their CBDC were also good news. These are the known countries that I've known that will have their CBDCs.

• China
• Europe
• Japan

Could it be that with this news the Ethereum price will go up high in the future, and for ethereum gas it will be lower or higher, if this news does not make the gas for transactions low and Eth price goes up, I think this is like normal news and not favorable for developments Ethereum, but I don't know how Ethereum provides the best for its users, whether Ethereum gas will look low or it will get higher.

It means that they were slowly accepted by some big companies that's what he meant this small action might be the start of accepting cryptocurrency worldwide, even thought the Ethereum is popular already some countries and mostly big companies still doesn't consider cryptocurrency but this Reserve bank of Australia are considering using Ethereum blockchain to create their own token.

From here i can see that the future of ethereum is really bright. There will be only a thing that must be fixed as soon as possible and that's the scalability problem. once the scalability problem has already fixed and then we will see a very big adoption happened with ethereum platforms.

A bunch of developers has stated they were interested to be a part of ethereum platform but it's very sad to see the scalability has become the problem that prevents them to adopt ethereum too.
This problem needs a very good solution asap. I wanna see the big adoption to come soon.
More banks will take a look at ethereum platform.

ETH is good infrastructure project, so, another one reason to invest in it

Maybe this info does not have a significant impact on prices in the market, but this is one of the moments where blockchain technology can be applied in real life and in our daily lives.

This is a big news for crypto industry something like this could be a really a huge step in accepting the cryptocurrency worldwide this proves that the blockchain technology could be used by big companies I hope this would be the start.

I already expect a news like this after the Paypal announcement actually. Sooner or later big major institutions will follow up, same as like JP morgan and Paypal, it's just matter of time. and i believe that this is only the begining, crypto space will gaining big time start from december to 2021

Agree with you, i'm also waiting for such bigger news from this market. With CBDC, i see most of the major countries are interested in it, the problem is their adoption of blockchain. I think that after the acceptance of Paypal, the acceptance of many large corporations or countries is only time.

LOL scammers really need more money..
Without or with ETH2 ..
ETH never got support by crypto spance..
only supported by some hungry whales with altseason cuz got dumping few years ago..
exchange who support eth chain will disappear soon and ENDING ETH is SAME LIKE A ANOTHER ALTS !!!

this is very good news, because with the Bank of Australia exploring the potential use of a digital currency (CBDC) supported by the Ethereum blockchain, so this has the potential to make Ethereum legal in the future or even cryptocurrency will become a digital currency that is legalized by the world, therefore this is the right time to buy Ethereum and make it a long-term investment, because I believe the price of Ethereum will definitely increase very high in the future (the price will be higher than the price in 2017).

I am also curious what the price increase of the bitcoin will affect ETH now. It could be that this has a very positive effect and effect on this currency, and that the price will now also rise sharply. That would be a nice scenario, but it could also be that people will start shifting their money to Bitcoin, as it has now skyrocketed. And that could mean that ETH will go down again. I personally think it will remain about the same. The Bitcoin has also experienced many fluctuations. The eth is far from being on its ceiling. It can now be lucrative to buy into the ETH currency.

If this would be true it will definitely boost ethereum and make many opportunities to other cryptocurrencies as well knowing in crypto its a domino effect and I have to say that the bank of australia will also try other cryptos especially those who is interconnected with ethereum blockchain.

If this news of Etherium is true and their activities are completed on time, then the price of Etherium can go up a lot.

Good luck to Australia when paying for high gas fees;) But yeah, maybe once they get it done they can move to Layer 2 or just wait patiently for 2021 for ETH 2.0 to come out. They might even end up being a staker/validator themselves if they're expecting to really use ETH for their CBDCs.

The real good news will be the successful launch of Eth 2.0 with visible improvements in the efficiency of the network. Regarding the news it is not something special because most of the projects are being built or powered by ethereum.

I hope this is good and true news, not just news just to pump Ethereum higher, if this is true there will be a massive increase in ethereum adoption, but I hope the transaction fees don't go up,

There is adoption and then there is adoption. When regular people start to use crypto a lot more, more newbies come in, that does help crypto world and I am happy with it, however there is a bigger step compared to that which is big companies going in, places like grayscale and microstrategy and many more coming into bitcoin with a lot of money helps us even bigger and that type of adoption increases the price even more, however there is one bigger step even higher than that which is governments start dealing with crypto, no matter how big you are, you can never be like a government and at that point its inevitable that crypto becomes huge in that nation.

This is why whenever there is any sort of adoption by any government into crypto, I feel giddy and optimistic about our future.

There is very little information and I do not understand what the Reserve Bank of Australia will do.
Will the bank use a private blockchain based on Ethereum technology or will they issue tokens and users will pay huge fees?
Each bank will release its CBDCs on the blockchain they like, and then how will they interact with each other?

The next will be US who will be proposing to launch CBDC. https://www.coindesk.com/muzinich-treasury-digital-currency

US is still studying it right now whether it can be launched or not, I believe we will see CBDC will be globalized. Remember about there's a good report from china says that the CBDC has already traded successfully.

UK and Switzerland has given everyone an example of how quickly it is necessary to respond to innovations related to cryptocurrencies, and now many other European countries are also trying to keep up with the mainstream. Banks are primarily interested in this. So this is a good trend.

This news is true. You can also check it on the various legit sites to make sure if that was coming from the institution itself. Some people have already confirmed that and I can say that this one is legit news.
I will not expect the press will be making such a piece of fake news. The site will never try to destroy its reputation.
CBDC has started to be recognized by so many parties. More countries being successful to implement it and it will attract other countries to adopt it for sure.

Indeed its a good news for ethereum blockchain.

Maybe this can influence the price as well.

Well lets just look forward to it and hopefully it has a positive impact to eth as a whole so the price can climb up together with bitcoin.

hehehe i think this is just an average bignews news from paypal in previous saint.
Actually, after the confirmation of participation from Paypal, i am looking forward to the upcoming news that will make the market more prosperous.

And I think this news for you will be the next big one: https://cointelegraph.com/news/paypal-crypto-services-to-go-global-early-2021-support-for-cbdcs-coming

This is no news as the ethereum Blockchain is one of the best (if not the best) currently out there in the space and no wonder every new firm or project coming into the industry is making use of the blockchain. The Ethereum blockchain is underrated as it's supposed to be worth more than it's currently is. Ethereum should be up there beside bitcoin as without the two the industry won't have go this far. The rest are mostly just copy cat that don't add anything new to the development of the industry.

This will somehow influence the price of Ethereum but ETH it on the way to experience surge in price already cause the 2.0 version of the network is almost finish with the hardest part been executed long ago and the Paypal announcement integration. The best thing every smart will do is to accumulate the coin now before it too late.

Yes, the launch of Eth 2.0 is a very positive thing and has a good impact on the ETH platform itself, in contrast to a new project that will use the ETH platform, it will obviously have no effect on the development of ETH as well as a good impact on ETH.

Yes not only one crypto coin will get benefited from it, it is the whole  cryptocurrency market since ethereum is one if the major coins exploring in other crypto coins are very much possible and might adopt to their platform as well. It is only a matter of time the whole world will get to know the benefits of blockchain technologies to the future.

if happens for eth and btc yes because both coins are like the nervous system of the whole crypto but if happens that those banks only support non major coins i wouldnt think that it would still benefit the other .

what can only bemefit the most are the founder and the hodler of the coin and once those banks drop this support , poof there will be no more but if banks let say accept and drop the support for major coins , that will still have a steady effect .

Good to hear this good news for sure a lot of new users will adopts and will invest in ethereum. Since market is volatile this could also bring positive impact to the performance of ethereum. A lot of things happen in this industry so hopefully ethereum price could soar high the following year. 

if this news is true, it is a sign that banks are starting to believe in blockchain and that is very good news,

and also with a positive ETH 2.0 will make ETH even more successful and hopefully increase in the price of ETH.

As the number of such news increases, it will have a positive impact not only for ethereum, but for the entire ecosystem.
Ethereum is now more useful and faster than bitcoin.
It will be adopted more and more every day and its use will increase.

I definitely agree to it especially if the Reserve Bank of Australia will come in decision to use the digital currency (CBDC) that will be powered by Ethereum blockchain as it can surely help to hype the Eth price.

And there is a big possibility also that there will be more big whales that will shift their investment to Ethereum if this will likely to happen.

Ethereum this year did show good things, Ethereum 2.0, the Defi ecosystem,
and of course CBDC launched an Ethereum-based platform, mass adoption is happening,
this shows that Ethereum deserves to get a second place after Bitcoin.

That's great, with many great news about this. Hope Ethereum can reach $500 before end of the month.
But i don't believe if the Defi ecosystem still hype until the end of the year. Because many new Defi project just hit n run.

thanks for adding the link, and this will be a good sign on ethereum, seems with a lot of good news coming we will see a good price movements on ethereum and maybe next year we will see eth price surpass the past highest price

I think that many Central banks will use the Ethereum blockchain, which has already passed the test of time, as the basis for creating their national digital currencies. But I believe that to create a CBDC, banks should use their own blockchain, as this is very important for the security of the entire banking system.

Of course, this will be a very big step that will positively affect the development of the Ethereum blockchain.

But note, this bank is just considering, and what will happen as a result, no one knows, here we can only expect and hope that everything will be as we think it will be positive.

slowly by slowly crypto begins to be adopted, if paypal on btc yesterday, then this diaustralia bank supports eth. we hope there will be more applications like this. not only on btc and eth but to all types of coins that deserve it.

Having their own blockchain is far better than using Ether network. Another country that will soon be using blochain to its finance system, next thing we know all countries already have thier own digital currency and they all follow certain standard for crosschain that even cryptocurrency and digital currencies can be stored in one same wallet with a hybrid exchange too.

This is really good news for cryptocurrency and Ethereum. The Ethereum blockchain network used to be used to raise funds for various projects and if it is used officially, it will be convenient and it will become very popular among the people. As a result, more developed and developing countries will be interested in using this technology, which will increase the use of other cryptocurrencies, including Bitcoin, and help Ethereum's value surpass all previous heights.

The limitations of the Ehereum bockchain has to explored as well, we are hearing the hype of ETH 2.0 for a long time and we are yet to hear about their final plans and i have my doubts whether these updates will make any rapid changes or whether they have a solution after all, i am not following their development for a long time as i used to follow when i was actively involved with the project and spending my resources to mine ETH along with other projects but what i have to say is they failed big time from their initial promises.

This is great. This is now for every sector to adopt blockchain technology to cope up with competitors and provide users a state of the art services. For Ethereum it is another milestone. But the scalability will be a concern in near future as more and more projects adopting Ethereum platform. Hope it will be worked on soon.

Yeah right with such news more and more interest will flow to this system it will bring breaks to crypto communities, in case the Ethereum network

succeeded this means that the system will be more usable, just love to see something great are really showing to this industry, it will boost the entire

market as a result.

I personally prefer to see that such a centralized entity uses a decentralized network like ethereum to issue the digital currency. When you are the smartcontract creator and you can do anything that you want to make your coin become safe like putting the backdoor. Tether was doing it and it controls multi-billions worth of stable coins at this moment.
Build a new chain is not always become the solution.

What standard implemented in the cross-chain?

I thought that the US will depend on Facebook's Libra but looks like that they are not. The US has still doubted it and I think they'll turn into it once the election is done and they have now enough time to focus on it.
There was news about China's launching as a success that I have seen but can't find the article.
Another news about HK - Hong Kong and now Australia heating up global digital currency race (https://forkast.news/cbdc-dcep-hong-kong-australia-global-race-national-digital-currency/)

Reading this news possibly ethereum will increase the value in the market. Adopting ethereum blockchain somehow we observe the growth of cryptocurrency in this industry is increasing. Those who still in doubt about cryptocurrency this is the news that they can look into.

With more and more institutions utilizing eth platform, let's just hope that gas fees will not increase more in the coming days.
This is the problem now in this network, with high gas fees, it is not friendly for small traders anymore.
Though it is good that they are recognizing the benefits of using blockchain tech in their system, but eth network should do something about the rising gas fees.

waooooooo, I think ethereum has a good coin. This is a good news for ethereum and cryptocurrency. Soon the cryptocurrency will be legal all over the world. I Hope it will be worked on soon.

We have been hearing news like this for years, but in the end nothing happens. So highly likely the Government of Australia won't be using ethereum blockchain network to power a digital currency. Probably there are lot of drawbacks for which they back out from using current blockchain networks to power their projects. Would have been great though if that ever happened.
If they are serious about this, they might start powering their own blockchain network and make their own controlled centralized coins. Still a better thing to do than having nothing.

Wow this is really good news for the ethereum network because we all know how strong bitcoin has been and has been really ruling the crypto world... hopefully this good news can boost the ethereum network and give it more stand for all good altcoins to stand on

Wow, that is a good news for ethereum blockchain industries, for a global usage and implementation from this post you share, and I really appreciate for the update and sharing good information, that we effect other alt-coin to the moon. Which ethereum all the way.

Many Ethereum investors are not in good mood now, because of the way the market is going with them,that is making them to ask,is it the Ethereum that use to lead other cryptocurrencies before covid-19 came.
Ethereum is about to take back it position in the areas of pumping in the exchange market. According to research this is the season Ethereum use to break record by increasing unexpectedly . Despite bitcoin is rising more than Ethereum but with time Ethereum will definitely take over the market,according to  analysis which I believe so much.

Is it any real news .If it is please give me the source .If something really happen like this it will be huge news for eth .Already we got good momentum of uptrend lets see what happen .I request you once again give me the source .

The whole Bitcoin market is moving up and almost every coin is also going up with the BTC price touching serious numbers and one who doubts bitcoins even now needs a mental check up because even PayPal is now accepting bitcoins purchase and if they are trusting the bitcoins and the crypto market in general there is no reason someone should not trust it.

I don't invest much in ETH so I don't care as much but the whole market is going up and some alts I held with heavy hear might be paying dividends soon for my faith into them. I am still not going to sell them unless I feel the market has again become stable, right now it is just moving up and up only.

I agree. While the news around ETH is great and if CBDC does actually follow through then the network update needs to happen soon. Overall, this will benefit the crypto community with crypto becoming more popular and extending the use of ETH network which will make it a very popular alt.

At the same time, we must live in the present and as previously mentioned right now the attention should be on BTC which is breaking new records high of this year. At the time of this post BTC has broken through the 15k barrier and has been staying in this region for several hours already. We all know what with BTC growing and gaining momentum the alts have no choice but to shrink in volume, price etc.

So best to remain cautious trading these as volatility might eat up all you profits and maybe even all your capital investment.

Yes you are definitely right ETH is the best coin and no doubt investors are more interested in ETH investment than in other coins. ETH has been a good choice for long-term investment as always. That is also good news for the crypto world, l hope cryptocurrency will be legal all over the world as you said as soon. On the other hand it is not so far, in my humble opinion we will see that in the near future.

For the Reserve Bank of Australia to choose no other altcoin but ethereum there must be this potential they see in ethereum, other altcoins don't have. This is amazing news. I expect a big surge from eth soon.
Australians are always in full support of crypto. They lead first while other countries follow

About the legality of cryptocurrencies, sad to say that there will be countries that don't like it and will remain to declare that it's illegal in their country.
But even if it's like that, there are citizens that are engaging with the risk and still continuing to do crypto transactions and make money from it. They are hoping that someday their government will change the ruling about cryptocurrencies.

Ethereum co-founder Vitalik Buterin sent 3,200 ETH (~$1.3 million) to the Deposit contract (https://etherscan.io/txs?a=0x1db3439a222c519ab44bb1144fc28167b4fa6ee6&p=1) of the second version of the Protocol. The balance of this address is 33,413 ETH (~$14.5 million) https://etherscan.io/address/0x00000000219ab540356cbb839cbe05303d7705fa

the Deposit contract allows you to transfer ETH from the existing network to ETH2, confirming the authority of the stakes. In a conversation with the Block (https://www.theblockcrypto.com/linked/83753/vitalik-buterin-eth-2-deposit-address-phase-0), Buterin noted that he expects the community members to remain interested in sending funds to the Deposit contract. The incentives will be "the desire to master the tools and the growing confidence that users are not accidentally withdrawing ETH from cold storage," he added.

The launch of the zero phase of Ethereum 2.0 will take place on December 1. Its condition is the participation of 16,384 validators, who by this time must contribute a total of 524,288 ETH. The minimum threshold for participating In the Ethereum 2.0 staking is 32 ETH.

They are not the only bank who are in partner with the Ethereum, there's some bank I know but a small bank though.
"The Reserve Bank of Australia" is a huge bank, so it's a huge success for Ethereum, and I can expect that more and more bank will follow with this news.

More banks will used the Ethereum network will give more confident to other bank as well, bank going blockchain is a big success not only in Ethereum but in the entire crypto space.

Hope that crypto can become a legit and legal currency for everyone and adopted by government but frankly speaking it is still far away, although with more and more companies and countries accepting crypto it looks like it might be possible sometime.

Yeah and ETH lost its shine lately because the fees got increased and the transaction were getting confirmed slowly, also the price for ETH was dropping but maybe such news and projects can lift the price once again. I always believe in ETH because it is like the father of altcoins, although there have been LTC, DOGE, etc before it but I believe ETH is still the father of altcoins, if not BTC itself so it is important for ETH to remain strong.

That's good news, but I think it will only have a positive impact on the project itself even though they plan to use the ethereum platform. But at least the ethereum platform has attracted a market sensation especially for companies out there that are starting to develop projects through this platform. I hope this will have a positive impact on ethereum itself as well.

Towards the end of 2020 this seems to be the end of a very good year for Eth, because in recent times there have been many very positive developments, such as the information you provide is something that can encourage an increase in eth prices in the market, especially now eth will soon launch ethereum 2.0 and won't it have the potential for eth will be to experience quite high price increases in the future?

Everything turning green for eth eventually, all the news all the events all the analysis. And recent news of eth 2.0 which is just few weeks away now. Eth could see one of the biggest parabolic run crypto market has ever seen by year end.

This year there is a lot of good news related to Ethereum, so it is only natural that the price of Ethereum will rise too.
In fact, the current Ethereum price has gone above $ 400. Now there is other good news regarding Ethereum, namely
the Reserve Bank of Australia using CBDC on the Ethereum network. This can increase investors confidence to continue
holding Ethereum for the long term. Especially it can attract new investors from Australia too.

Until this thing happen then yeah it is indeed a good news but this is just a potential but not happening yet so please don't mislead people.

and also why not put the link here so we can look at it on our own about the potential using of australian government.
Sorry but it is the government that will adopt ethereum in this part and not just a private businesses.

The good thing in ETH is the price action because it is now in a good movement, recently it broke the key level resistance which considered bullish because the ETH is in sideways for months but now it making higher highs. The volume is also big so for me it is good to buy ETH now, but make sure that you will have a cut loss levels because we should be aware that everything can be happen here in the cryptocurrency market.

I think Ethereum can still rise more than this before 2020 end. Despite altcoin is not too stable since covid-19 came to the world to collapsed the economy which put many altcoin investors in fear the way it rising and falling in this period we are.
 Many government are ready to do everything possible to make all the digital currency bull again as usual.
This is the right time for Ethereum to take back it position in the areas of pumping since the government is doing everything possible to improve, so many things that will change all digital currency positively in the country.

good news ethereum arrives, this will be a bullish moment for ethereum,
and soon Fomo will appear and make investors enter Ethereum, I'm sure the price can be pumped

Not only the Australia central bank but there are many economies are also considering the adoption of blockchain. It may be its own blockchain or on ETH blockchain they can create their own digital currency.

Yes indeed, I hope that people in Australia really adapt cryptocurrency not only eth, so that we will see that it will be having some price increase in the following months or years, but if its run by a bank or government the real essence of this thing will not be execute to its best. So regulation will take place as well, I wish if they will adapt it and consider as one of their currency I hope tax will not be the problem.

I think next year this will be an important issue for many countries around the globe, I think in the coming time if there are governments of several countries that accept to use electronic payment, i think The market will be very booming, not only ETH but I see the potential that it can bring to this market, moreover ETH 2.0 is also coming to official in 2021, i believe ETH will really explode in the air. electronic money space.

Ethereum has seen a larger growth than bitcoin over the last week. This was just correction against bitcoin price as it was much disproportioned in the last month. But as the market comes to stability and Ethereum 2.0 comes into effect, we could aspect larger recovery on Ethereum price as the current price is still 31% of all time high compared to 79% for bitcoin.

I think this is great news for both Ethereum and the entire community. At the moment, Ethereum already has a developed ecosystem and many companies and financial institutions understand that Ethereum has a working time-tested blockchain, an ecosystem and a large community. Based on these factors alone, cooperation with Ethereum is beneficial and can bring many benefits. I personally have been using Ethereum for the fourth year now and am very satisfied.