Truth and fiction in blockchain’s brave new world
Before Christmas, a fascinating new phenomenon began to manifest itself. Companies previously not greatly valued by the stock market were finding that the simple addition of a word to their corporate identities could multiply their worth many times over. The word was “blockchain”. Soft drinks companies and obscure software firms alike were being transformed into potential tech juggernauts. Or so their share performances would have us believe. However, the most interesting thing about all this is not that the stock market is easily dazzled by industry hype. That has been true for a while. It is the way a word can be detached from its original or literal meaning and […]
First Growth Funds raises funds for blockchain
Investment company First Growth Funds (ASX:FGF) has announced it will raise $3.45 million to expand into the blockchain sector. The company has agreed to issue more than 282 million shares to Australian and international investors, representing just under 25 per cent of the issued share capital of the company. The placement is led by blockchain technology company Blockchain Global which will hold 10 per cent of the issued capital on completion of the placement. The partnership with Blockchain Global is expected to provide strategic deals for blockchain-related investment opportunities. To read more, please click on the link below… Source: First Growth Funds raises funds for blockchain | Finance News […]
Moneycatcha moves into Stone & Chalk and expands team
Australian fintech start-up Moneycatcha has been selected to join fintech hub Stone & Chalk’s Sydney office following a rigorous vetting process. The move cements the company’s footing on Australia’s East and West coasts and signals confidence in its unique blockchain end-to-end loan origination solution. Stone & Chalk is the largest fintech hub in Asia, supporting successfully selected companies to connect with industry heavyweights and accelerating the development of world-leading start-ups. Moneycatcha founder and CEO Ruth Hatherley said that the move will allow the company to more efficiently collaborate with financial institutions. “Our growth and increasing traction are signs that financial institutions are accelerating their understanding of the fundamental improvements in speed, efficiency […]
The world’s first cryptocurrency recruitment agency has opened in Sydney
A recruitment agency specialising in finding cryptocurrency and blockchain talent has opened in Sydney. Crypto Recruit has set up shop with the belief that it is the first in the world to offer such niche IT recruitment services, said founder Neil Dundon. “The idea was to get some first mover advantage in the market,” Dundon told Business Insider. “Nowadays there seems to be general pub talk [about cryptocurrencies] — people are just talking about it all the time and it’s just mental at the moment. So three or four months ago I had the idea: why don’t I couple my passion for cryptocurrency and blockchain… with my skills in recruitment?” […]
2nd Annual APAC Blockchain Conference 2018
The APAC Blockchain Conference, developed in partnership with the Australian Digital Commerce Association (ADCA), looks beyond the hype at the real impacts and potential of blockchain technologies in Australia. The 2nd annual event will be held from 13 – 15 March in Melbourne and bring together blockchain innovators, business leaders and regulators to help you build your blockchain strategy and assess the viability of the technology. Across the globe organisations are scrutinizing how blockchain technology can transform current processes, free them of the middle man and save significant costs. The potential is huge and possibilities limitless, however, there are considerable challenges to overcome before the benefits can be […]
Australia’s stock exchange is moving to a blockchain style system for trade settlements
Australia’s equity market the ASX has decided to replace its CHESS system to record changes in shareholding with distributed ledger technology found in blockchain. The global equities exchange community has been watching the ASX as it develops and tests a system to cut the cost of transactions, and make them faster and more secure. Blockchain uses computers with advanced encryption to keep track of transactions, giving confidence to both buyers and sellers. Transactions of the cryptocurrency Bitcoin are tracked used blockchain. Dominic Stevens, the ASX managing director and CEO, says the exchange has been carefully examining distributed ledger technology for almost two-and-a-half years. “We believe that using DLT (distributed ledger […]
Advice industry must think bigger: Netwealth
Netwealth joint managing director Matt Heine said the advice industry is not thinking big enough, putting itself at risk of being left behind.
Commonwealth Bank to deliver ‘world-first’ issuance of a bond on the blockchain
The bank’s head of blockchain has revealed the Commonwealth Bank is currently implementing with a large world issuer in what will be a ‘world-first’ issuance of a bond on the blockchain that it hopes to bring to market in 2018. The Commonwealth Bank of Australia (CBA) is expecting to be the first to implement the issuance of a bond on the blockchain, and hopes to launch it into the market early next year with help from a “very large” world issuer. Although the details are limited, the bank’s head of blockchain Sophie Gilder told the GMIC Sydney conference on Tuesday that the launch will be the culmination of CBA investing […]
