Startup sanctuary: WA first blockchain centre opens in West Perth
Perth’s who’s who of blockchain were at the opening of the world’s ninth Blockchain centre in West Perth on Monday night. The centre is a WA-first and will allow startups with products that revolve around blockchain technology to share resources and ideas with like-minded entrepreneurs. Blockchain is the underlying technology behind cryptocurrency like Bitcoin. It is a digital transaction record that cannot be tampered with, making it attractive to a range of industries. Sam Lee is the brainchild of the Blockchain centre concept and said the idea helped keep startups in the city they were born in. “Access to capital has been a major pain point for a lot of […]
Stablecoins: Money of the Future
Stablecoins are currently the fastest growing sector of the cryptocurrency market, worth $186 billion; these constitute cryptocurrencies whose values are pegged to real life commodities like gold or the US dollar. This is opposed to traditional cryptocurrencies—such as Bitcoin or Ethereum—whose markets are very volatile and can fluctuate by 10-20 percent in the space of a few hours, causing massive uncertainty among investors. Governments across the globe, from Australia to Sweden, are realizing stablecoins’s potential and developing their own, in addition to official blockchain funds which develop GPB and Japanese Yen-pegged coins. Types of Stablecoins There are numerous stablecoins on the market, which fall into three main categories: fully collateralized, […]
The Fourth Industrial Revolution built on blockchain and advanced with AI
Blockchain technology is so synonymous with cryptocurrencies, and especially Bitcoin that it is almost like the financial sector has usurped its potential. In times like these, where an investing bear market has befallen the cryptocurrency space, it is easy to get down on the revolutionary possibilities of blockchain technology. Since the original Blockchain, that is Bitcoin, emerged, there has been a considerable focus on transactional blockchains which have been at the forefront of the mainstream understanding of the technology. Bitcoin is often the layman’s first point of call with the stories of investing success stories obscuring the view of other possibilities. However, blockchain technology is moving along in an undercurrent […]
Nasdaq moves towards bitcoin futures, unphased by crypto carnage
When you’re searching for volatility, market gore might mean you’re heading in the right direction. “Will digital assets survive?” New York Stock Exchange chairman Jeffrey Sprecher quoted at the Consensus Invest conference last Thursday. “The unequivocal answer is yes… We’re kind of agnostic to price.” He was followed up by Intercontinental Exchange (ICE)-backed Bakkt CEO Kelly Loeffler, who reiterated the trading giant’s plan to release bitcoin futures contracts for more reliable price discovery. “The Bakkt futures contract will help Bitcoin traders establish a trusted price. Bitcoin now trades at different prices on different exchanges, many of which are unregulated,” she explained. Nasdaq is now reported to be making decisive moves […]
What are bitcoin forks and how do they work?
With the increased interest in bitcoin, it’s important to understand the technology behind this cryptocurrency and the factors that can influence its price. Discover everything you need to know about bitcoin forks, including the difference between soft and hard forks and what they mean for traders. Bitcoin forks explained The term ‘bitcoin fork’ can be used to describe two types of events. The first is a change to its underlying software – a ‘software fork’. The second is a divergence in the cryptocurrency’s blockchain – a ‘blockchain fork’. The reason each of these events is called a ‘fork’ is because they present two or more potential routes for bitcoin to […]
Satoshi vs. Bitcoin Jesus: Australian at centre of crypto name squabble
Australian Craig Wright, the self-proclaimed inventor of Bitcoin under the pseudonym Satoshi Nakamoto, is poised to win a fight that will likely lead to the creation of another version of Bitcoin Cash, the original offshoot of the biggest cryptocurrency. A group headed by Wright is expected to take control tomorrow of the world’s fourth-largest cryptocurrency following a software upgrade. A rival faction that disagrees on how to best expand has been trying to persuade the community of computer operators running the network to adopt their version. About 70 per cent of the so-called miners that process the transactions that keep the network afloat are signalling they support the version backed […]
Coinjar founder tips ‘stablecoin’ as the next big thing in cryptocurrency
Asher Tan, one of the wunderkind founders of Melbourne-based bitcoin exchange CoinJar, is looking out the window of a relaxed, almost hipster, shared-workspace for tech start-ups in London. It’s in a somewhat unlikely location: the 39th floor of the tallest office tower in the strait-laced banking district, Canary Wharf. The view of London’s metropolitan sprawl is amazing. But since arriving in Britain eight months ago, Tan’s eye has mostly been focused on peering over a different horizon – trying to pick out what’s coming next in the volatile, unpredictable landscape of cryptocurrency. Leaving his co-founder Ryan Zhou in charge of the day-to-day running of CoinJar and its 400,000 customers, he […]
DIY super funds getting into Bitcoin and other cryptocurrencies
More do-it-yourself super funds are investing in cryptocurrencies as interest in investing in digital currencies rises among investors generally. While no hard data will be available until later next year when the Tax Office releases figures for the first time on how much cryptocurrency is held by funds, industry players say there are more self-managed super funds (SMSFs) investing. Fred Schebesta, a co-founder of comparison site Finder as well as digital currency exchange HiveEx, notes a marked increase in enquiries from SMSFs looking to buy cryptocurrency. And Adrian Przelozny, the chief executive of Sydney-based digital currency exchange Independent Reserve, has about 6000 self-managed super funds on the platform, with half […]
