Monochrome is pleased to announce our official partnership with Supercars for the 2023 Liqui Moly Bathurst 12 Hour at the iconic Mount Panorama circuit.

Monochrome Group has announced today that the firm will be supporting Triple Eight Race Engineering’s Pro-AM entry for the 2023 Liqui-Moly Bathurst 12 Hour.

This month's edition of the Monochrome Recap covers: Hong Kong Bitcoin ETF launch, FTX Collapse update: Potential Australian regulatory changes, Queensland crypto-asset firm TrigonX goes into voluntary administration, Judge in Celsius Network bankruptcy case rules deposits belong to estate not users.

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.

As with most things related to analysing Bitcoin, much of the data that was presented in the first four parts of the series has changed. Luckily, we took a first-principles approach, where we illustrated how Bitcoin’s power-draw (measured in GW) can be calculated by anyone, by simply multiplying the network hashrate by the average network efficiency.

This piece will discuss the legacy global foreign aid system and the challenges faced in traditional foreign aid. We then demonstrate how Bitcoin has dramatically reduced friction in foreign aid with a case study on The Ukrainian Government’s “Aid for Ukraine” initiative, to use bitcoin and other crypto-assets to raise funds in a friction-free way.