Long-dormant Bitcoin whales resuming activity could rock price action, analysts say
The number of active Bitcoin (BTC) wallets, many of which have long been dormant, has seen an uptick that could herald some major market movements, Bloomberg reports Jan. 11. Bloomberg bases its report on data and analysis from crypto analytics startup Flipside Crypto, which sealed the backing of major crypto exchange Coinbase and veteran crypto venture capital firm Digital Currency Group (DCG) back in November. According to Flipside, as of Oct. 2018, a high number of long-inactive Bitcoin holders — defined as those that haven’t transferred their Bitcoin for between six and thirty months — have begun to transfer their coins, resulting in wallets active over the past month now […]
Symple targets A-grade borrowers, leaves F-grade to big banks
New marketplace lender Symple Loans says it will lure in creditworthy borrowers with cheap loans and leave subprime loans to traditional banks. Symple Loans, which opened its personal loan book last month after raising $10 million, said it would use a risk-based pricing model and offer low interest rates to responsible borrowers who showed discipline with their finances. “Those customers are very predictable and the returns we earn on those loans are also very predictable. Those customers tend to be more resilient during times of economic volatility,” Symple Loans co-founder and chief executive, Bob Belan, said.Mr Belan and co-founder Paul Byrne previously were personal lending specialists at ANZ. Mr Belan […]
Asset finance lender joins broker panel
A mortgage aggregator has expanded its lender panel to enable brokers to help customers with personal and asset finance. Loan Market Group has welcomed RateSetter as part of its commitment as the industry’s trusted advisor. It aims to be a single specialist broker which customers can entrust their portfolio of real estate, personal and asset finance needs to alongside their personal wealth, insurance and superannuation goals. Peer-to-peer lender RateSetter offers brokers access to personal loan and automotive loan products with rates from 7.49% and 5.90% respectively. Using a risk-based pricing model that delivers a personalised rate to borrowers in less than two minutes, RateSetter aims to deliver a simple, transparent […]
Here’s how you can buy a brewery for just $100
While it may be a fantasy of many, the dream of buying a brewery (or at least part of one) is actually within reach. Endeavour Brewing Company, the minds behind the Endeavour Tap Room in Sydney’s iconic Circular Quay, are plotting international expansion and are giving ordinary Australians the chance to own some of the action. Launching a crowdfunding campaign on online platform Equitise last month, founder Ben Kooyman is looking for up to $3 million in investment, allowing Australians to get in for as little as $100. “They get full ordinary shares, they’ve got access to future dividends if we decide to issue them, and future proceeds if we sell the […]
IRESS tipped to win 80% of wealth management market
Morningstar has high hopes for listed technology provider IRESS and anticipates the group’s wealth management software business to increase its market share significantly, driven by strong demand for holisitc financial advice. In a research noted released this week, Morningstar analyst Gareth James notes that the share price of IRESS has fallen 21 per cent over the last 90 days, despite the lack of trading updates since the group posted its interim results last August. Over the first half of FY18, IRESS delivered a strong result with group segment profit up 11 per cent and operating revenue up 6 per cent compared to 1H17. Morningstar’s Mr James believes the weaker share […]
Central banks say digital currency is definitely coming, crypto is maybe coming
Neither cash nor card looks like it will be king in the future. Uruguay, Sweden and emerging economies are among the countries most likely to implement digital currencies first. Most central banks don’t really know what’s going on with cryptocurrency usage in their countries, but believe it to be minimal. Central banks perceive more current and future use of cryptocurrency in cross-border payments than domestic payments. Most countries have given at least a passing glance at central bank digital currency (CBDC). This is exactly what it sounds like – a digital currency issued by a central bank. And many of them are now getting more hands on, according to a […]
XRP reaches Australia as FlashFX adopts Ripple’s cryptocurrency
In a move that has given a boost to the cryptocurrency market, FlashFX, a payment transfer platform, has announced the launch of its latest cross border payment solution using XRP that is targeted to improve the concept of foreign exchange in Australia. Nicolas Steiger, the Chief Executive Officer of FlashFX stated that: “We are excited to be part of the evolution in international payments processing. It’s about time that consumers and businesses saw a meaningful change in how money is sent across borders. The service provides an alternative for Australians who want to send a payment faster and cheaper than banks currently provide.” FlashFX has always worked with the mantra […]
Square launches payments SDK, enabling developers to process payments with Square in their mobile apps
Today Square announced the launch of the Square In-App Payments Software Development Kit (SDK), enabling developers and businesses to process payments with Square within their consumer-facing mobile apps for the first time. With just a few lines of code, developers can easily and professionally build a fully secure and elegant Square-powered payments flow in their Android or iOS apps. With this SDK, developers leave the complexity of payments to Square and focus instead on providing a more enjoyable customer experience. The In-App Payments SDK provides a customisable payments flow that works with the most popular payment types. The SDK includes a beautifully designed, interactive user experience that guides buyers as […]
