After debuting at Phillip Island, Monochrome GT4 Australia is gearing up for Round 2 at Sydney Motorsport Park on June 16-18. Watch the behind-the-scenes video at the Phillip Island Grand Prix Circuit.

Topics covered in this edition of the First Republic Bank insolvency, digital assets ruled as property in Hong Kong, Grayscale Bitcoin ETF update, volatility in Bitcoin markets see liquidation.

Topics covered in this edition of the Monochrome Recap includes Bitcoin regaining USD$30k, CFTC sues crypto exchange Binance, and finance giants foray into Bitcoin

Since Bitcoin’s inception in 2008, the interest in Bitcoin and other digital currencies has grown significantly. Between 2010 which saw the very first exchange created which made it simpler to trade bitcoin, to the now arguably saturated marketplace for cryptocurrency exchanges, inadequate governance at cryptocurrency exchanges and other centralised crypto institutions has manifested in poor consumer outcomes.

Oftentimes within the Environmental-Social-Governance (ESG) framework, Governance can take a back seat to the Environmental and Social elements because they are seen as having farther reaching or more relevant impacts. On the other hand, some of the biggest disasters in human history, such as the Chernobyl Nuclear Accident, can be purely attributed to failures in governance. In general terms, governance refers to the process of how decisions are made and implemented.

Conceived in the wake of the 2008 global financial crisis, Bitcoin was created as an alternative to central bank-issued currencies. Years later, and the case for Bitcoin as a monetary rival has been furthered by concerns of high inflation in many smaller or less developed countries, which is devaluing citizens’ savings as the price of staple goods rise.