OnRamp’s AUDRamp goes live as first AUD-pegged stablecoin cryptocurrency
Shortly after the announcement of a still-unnamed AUD-pegged stablecoin from Bit Trade and Emparta, set to launch in 2019, OnRamp Technologies has gone live with the world’s first fully operational and fully compliant fiat-backed AUD stablecoin. The move comes as part of OnRamp Technologies’ broader efforts to tokenise assets as part of an ASIC-approved registered managed investment scheme. AUDRamp (AUDR) is up first, along with the slightly mind-bending ERC20 bitcoin-pegged BTCR, which is, in a sense, putting bitcoin on the Ethereum blockchain. AUDR got the stamp of approval from Australian regulators on 8 June, making it one of the earlier projects to achieve that level of formal recognition. Beyond being […]
Home owners willing to accept bitcoin for property despite volatility
Despite a sharp fall in bitcoin prices over the past eight months, some bullish investors are still willing to accept the cryptocurrency instead of Australian dollars for the sale of their multimillion-dollar homes. One bitcoin is currently trading at $US6448, down from its peak in December 2017 of $19,535.70.Now with one bitcoin worth $A8786, a prime piece of real estate in Sydney’s inner-city has hit the market with the option to buy in the cryptocurrency. It is a risky move given a property deal is yet to be struck in Australia using bitcoin, despite several properties being offered for sale last year with vendors willing to accept payment in that […]
CSIRO and the University of Sydney’s Red Belly Blockchain breaks new ground for speed
The University of Sydney and CSIRO’s Data61 say they have successfully created a blockchain that can process a mass amount of transactions significantly more quickly than public blockchains, such as the one behind bitcoin. New trials of the Red Belly Blockchain run on Amazon Web Services infrastructure have shown an average transaction delay of only three seconds and a throughput of 30,000 transactions per second. In comparison, bitcoin processes only three to seven transactions per second and as of August had an average confirmation time for a transaction of 10-30 minutes (during peak trading periods in January this has reached as high as almost 3000 minutes per transaction), according to […]
Cryptocurrency exchange Blockbid announce beta launch of live trading
Blockbid will be offering live crypto trading online. Its new feature, which will allow users to trade via secure means, is set for a beta launch on Sep. 28
ndau: World’s first “buoyant” stablecoin cryptocurrency revealed
Meet the unpegged, uncollateralised ndau, courtesy of finely-tuned tokenomic and governance elements. Stablecoins have been proliferating in the last few months. All of them are curious and flawed creations in their own way, and there are growing concerns that stablecoins of any kind, in principle, are economically impossible. But maybe ndau can buck the trend. The coin was just unveiled today, and is perhaps the most distinctive and advanced stablecoin that has been created to date. The best of both worlds, for the best of both worlds “Stable is good. Buoyant is better,” ndau says. The ndau Collective came together as a group of early bitcoin enthusiasts who aimed to […]
Step-by-Step Guide: How to Create Your Own Cryptocurrency
Introduction Did you know, there are different forms of money? Not just real and counterfeit. Those categories were relevant in the 20th century. Now we have Cash money, digital money or money that can be accessed through online mediums, and plastic money which refers credit cards and debit cards. But in the last decade, the whole world has seen the emergence of a new form of money. It is definitely the cryptocurrency. Cryptocurrencies or virtual currencies are digital assets which can be used as a medium for exchange. Some notable instances of cryptocurrency are Bitcoin, Dogecoin, and Dentacoin. There are many more such cryptocurrencies available online. It is important to […]
Thousands of self-managed super funds are now investing in cryptocurrencies
Cryptocurrencies have caught the eye of Australian self-managed super funds (SMSFs), according to staff from domestic crypto exchanges. So along with traditional holdings such as residential property or blue chip shares, a small portion of SMSF investors are looking for something a little more high-risk. Adrian Przelozny, CEO at crypto exchange Independent Reserve, told Business Insider there’s been “significant activity in the space” from SMSFs. He said the number of SMSF customers who are registered with the exchange now number “around six or seven thousand“. That’s still a relatively small percentage of the more than 590,000 SMSFs in Australia, which hold combined assets of almost $700 billion. But it’s a […]
Half of millennials say cryptocurrency will soon be widely used
Millennials are keen on bitcoin and cryptocurrency in general, according to a recent YouGov survey. 44% of millennials (just under half) say they think it will be “somewhat” or “very” widely accepted in the next 10 years. The survey also found that bitcoin enjoys fairly incredible brand recognition, with 74% of men and 68% of women respondents saying they’d heard of it. Nothing else came close, with only 19% of men and 6% of women saying they’d heard of Ethereum, making it the second most widely-known cryptocurrency. Curiously, 79% of respondents said that they were familiar with at least one type of cryptocurrency, suggesting that there’s a reasonable number of […]
