Why this un-banked Kiwi crypto startup has relocated to Sydney
Kiwi cryptocurrency broker startup Cryptosaver has relocated from its Auckland birthplace to Sydney, with the founders claiming they have been unable to open a bank account for the business in New Zealand. Founded a year ago by James Viggiano, Denym Bird and Jack Daffron, Cryptosaver is an investment platform for Bitcoin and other cryptocurrencies, designed to make it easy for users to purchase cryptocurrency and track gains on their investments. Co-founder James Viggiano, who is now based in Sydney while his co-founders work out of Auckland, tells StartupSmart the startup was initially able to open an account with one of the New Zealand banks, but that bank soon closed their account. […]
The key to investor confidence in cryptocurrencies
Cryptocurrency markets plummeted this week with the market capital of the entire cryptocurrency market falling below $200 billion USD for the first time this year. This comes off the back of a barren 6 months for the cryptocurrency market which has seen that market capital more than halve in that time, a far cry from the stratospheric heights it reached at the end of 2017. Much of the recent negative market sentiment has been attributed to persistent reluctance by the US Securities & Exchange Commission to approve a Bitcoin Exchange Traded Fund (ETF) with the most recent decision by the SEC to delay a decision expected this week to the […]
Blockchain to bring clarity, liquidity: academic
Blockchain technology will radically transform the economy around us and the Australian Securities Exchange’s switch to it is just the tip of the iceberg, academic Chris Berg says. Blockchain – the technology that makes bitcoin possible – has “a large number of applications across the economy for much more than things like cryptocurrencies”, he says. Berg is a senior research fellow at the RMIT Blockchain Innovation Hub, an adjunct fellow with the Institute of Public Affairs, and an academic fellow with the Australian Taxpayers’ Alliance. He says blockchain offers almost limitless possibilities, in contrast to Bitcoin, which he argues is less of a sure thing for the future. “I’m obviously […]
Australia buzzes again with 1st solar-powered bitcoin mining setup
The investment in the Australian FinTech sector has risen remarkably as the Australian FinTech ecosystem is becoming increasingly diverse. We already stated in our recent post that Fred Schebesta, the co-founder of one of Australia’s largest tech stories (Finder) has publicized their upcoming “multibillion-dollar” project plans to establish the “first crypto bank of Australia”. Now, the latest edition is that Australian Ben Tan, the co-founder of Hadouken Pty Ltd, intends to set up 1st 20-Megawatt Solar Farm in Collie which is geographically located in Western Australia to power a Bitcoin mining operation. Reports indicated that the submission has been approved and granted states authorities. The new facility is being developed by data […]
What is the future of the digital currency in the money market?
Cryptocurrency or digital currency is the currency in which the encryption technique is used to form the currency unit. Physical Calls Having the same properties as a digital call is physically unavailable. Digital currency trading is done with the same encryption technology. The first decentralized decryption is known as bitcoin. Some other characteristics are physical presence, decentralization, reduced transaction costs, and global acceptance. Key factors driving growth in the global digital currency market are decentralized and free of government interference. With the power of immediate trading and borderless movement of ownership, digital currencies are gaining acceptance in the real estate sector, which is expected to be a major driving force […]
Finder co-founder Fred Schebesta plans to create Australia’s first crypto-bank
He became one of the country’s youngest self-made millionaires at the age of 26 — and now he’s revealed his next “multibillion-dollar” idea. The co-founder of one of Australia’s biggest tech success stories has revealed his next “multibillion-dollar” idea — to create the “first crypto bank of Australia”. Fred Schebesta, who became one of country’s youngest self-made millionaires at the age of 26 with the sale of his first business before founding comparison website finder.com.au, describes himself as a “time traveller” who looks into the future in order to make it a reality. His bet on the online comparison space paid off. From a simple credit card blog called Creditcardfinder.com.au, […]
Buy Bundy by bitcoin: Cryptocurrency coming to QLD attractions
Queensland’s gearing up to become Australia’s most crypto-friendly state. It’s a match made in heaven. Australian state governments are looking for ways to bolster tourism, and these bitcoin and cryptocurrency things have recently gotten quite popular. TravelbyBit is an Australian company, based in Queensland, that emerged to take advantage of both, with cryptocurrency point of sale systems that accept bitcoin, Litecoin, Dash, Ether and XEM. From there, it’s inked deals around Australia. For tourists, cryptocurrencies have especially clear utility. There’s no chance of it falling through a hole in your pocket; there’s no need to mess around with expensive exchange rates or travel cards; there’s no need to fret overseas […]
Australia’s first index-style cryptocurrency fund launched
Fintech start up CoinJar, has launched Australia’s first index-style cryptocurrency fund, allowing wholesale investors to gain exposure to digital currencies without holding and trading the assets themselves. Investing in cryptocurrency to date has been notoriously difficult with limited investment options for wholesale investors. The CoinJar Digital Currency Fund (The Fund)1 takes on the management and security of the assets on behalf of the investor. The underlying cryptocurrency assets will be secured safely in multi-signature digital wallets which provide an additional layer of security for investors. The Fund has two classes; Bitcoin Class, which provides exposure to Bitcoin (BTC) only; and Mixed Class, which aims to track the performance of four […]
