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 […]
Coinbase users in Australia can now get gift cards with crypto
With feeless purchases and crypto bonuses, this might actually be genuinely good value for money. Are you a Coinbase user in Australia or Europe? Are you looking for something to do with your crypto? Do you feel like cash is too impersonal but can’t be bothered to get someone a real gift? Then you’re going to love this! Coinbase users in the UK, Spain, France, Italy, the Netherlands and Australia can now cash out crypto for a range of gift cards through a new Coinbase partnership with WeGift. The service is allegedly instant and feeless, with bonuses of about 2-8%, for a range of brands. Depending on the card and […]
What financial service providers should know about blockchain: Opportunities and threats
It seems that every few years, an advanced and innovative new technology emerges and becomes the next big thing for organizations across different industries. Take the cloud and big data, for example – during their buzzword stage, these concepts were being attached to just about everything in the tech space. Currently, it appears that blockchain has filled this space, popping up in discussions and initiatives within all types of businesses. For financial services in particular, though, it’s very imperative to not only understand the basics of blockchain, but also examine the kinds of threats and opportunities this concept will bring. Where to start: The basics First and foremost, financial service […]
Does this bitcoin rebound have longevity?
Bitcoin has been rallying sharply over the past two weeks, gaining around 40% from the USD$6000 mark. However, with the creation of lower highs throughout 2018, there is a risk that we will see another turn lower in the near future. Bitcoin has been on the rise over the past fortnight, with the price pushing through trendline resistance to reach the 61.8% retracement. That rally through the trendline certainly signals a slowdown in the decline of the cryptocurrency, yet the question over whether this marks the bottom remains to be answered. The downtrend that has been in place throughout 2018 remains, despite this trendline break, yet it is clear that […]
Bitcoin just hit $8,000 – Here’s what’s pushing it up
The bitcoin price has today climbed above the $8,000 mark for the first time since mid-May — leading many to predict a return to the bull run that last year powered bitcoin to almost $20,000. The latest boost for bitcoin comes after a week that saw it add almost 20% to its price on the back of news that established financial giants are looking to get in on bitcoin and cryptocurrencies, and a raft of positive regulatory news around the world.Meanwhile, the so-called bitcoin dominance rate — a measure of how much of the total cryptocurrency market is controlled by bitcoin — rose to 47% this week, the highest level […]
How to stop your assets going to the grave with you
Have you made plans to protect or pass on your digital assets – financial and personal – after you die? If not, you’re in good company. Most Australians don’t know they are at risk of losing all their online chattels if they are killed or incapacitated. That’s because they could take their secret passwords to the grave, have their assets locked away in perpetuity by social media networks or exhumed by digital grave robbers and sold on to the dark web, an online “netherworld” for trading illegal and stolen goods from identification to drugs and guns. An estate planning report last year by Charles Sturt University and The University of […]
