PlayChip lists on Bittrex International
PlayChip, the Universal Gaming Token, has announced its listing on Bittrex International. The announcement comes following the impressive trading volume garnered across its existing four exchanges – HitBTC, LATOKEN, IDEX and Independent Reserve. The Bittrex listing is perhaps the most significant thus far, with an entirely new wave of cryptocurrency traders now having visibility of and access to the PlayChip, with the token’s daily trading volume increasing by 75% in the six hours following the announcement. Given just 2% of token sales from Q4 2018 obtained so much as a solitary listing, the significance of this achievement is not to be overlooked. “Bittrex is one of the most established and […]
What are the potential uses for emerging blockchain technologies?
When you say the word “blockchain” most people jump instantly to cryptocurrencies, but this is just one of the many uses for the new technology. Blockchain isn’t just a form of online currency, but in fact is a security and information storage system with a number of potential applications that are encouraged by incubator companies such as Block8. What is blockchain? A blockchain is a list of linked records (like blocks in a chain) that are linked through cryptography. A block cannot be modified, however new blocks can be added to the chain with new information. The chain thus contains a record of all modifications that have been made to […]
Sending money overseas with Bitcoin
Bitcoin has a lot of uses in real life. It makes payments much easier by allowing people to pay from anywhere in the world. In that sense, it also helps the e-commerce industry. It allows business owners to expand their market reach and add another mode of payment. Another real-life use is Bitcoin’s ability to preserve wealth. Countries with struggling economies can use bitcoin to preserve the value of their native currencies. With all those real-life uses, we have yet to mention the one that stands out the most: remittances. According to a report on Clovr, cryptocurrencies take 15.8% of the total money being sent across the world in 2018. […]
Bitcoin vs. Ethereum – What’s the Difference?
Bitcoin and Ethereum are two of the largest cryptocurrencies. They are part of the first and second generation of blockchain and cryptocurrencies, these two projects have gone through various difficulties and remained the most dominant crypto assets on the planet. However, there are differences which exist. Bitcoin and Ethereum are two crypto projects with different ends and different means. Let’s understand this. The Creator The creator of Bitcoin is Satoshi Nakamoto, a pseudonym used for a person or a group, which has never been identified. Nakamoto is best identified for his Bitcoin whitepaper “Bitcoin: A Peer-to-peer Electronic Cash System.” Some people have claimed to be Nakamoto in the past, but […]
What impact could Facebook’s digital currency have on the financial industry?
According to a New York Times report we have recently covered, Facebook is on pace to issue its own digital currency in the next few months. Prompted by its rivals, especially Telegram, which managed to raise a whopping $1.7 billion in its ICO campaign, the effort Facebook has put towards creating its own cryptocurrency could have a substantial impact on global commerce. In this article, we are going to discuss the primary reasons why Facebook’s digital currency could lead to a revolution in e-commerce, what advantages Facebook has over the competition in the payment processing space, and the likelihood of Facebook solving the huge remittance problem workers and employees are facing around the […]
Pay-passing the hat around: From buskers to churches, a cashless society is Australia’s future
It’s becoming ever more apparent that as a society, we’re veering more towards being completely cashless, with solutions for giving and receiving money continually popping up and challenging everything we thought we knew about transacting. Not only is new technology and state-of-the-art security helping to boost consumer confidence when it comes to transacting electronically, but financial technology or ‘fintech’ is streamlining our financial interactions — making it easier and more reliable than ever before. According to the RBA, in the early-2000s, Australians went to an ATM an average of 40 times per year, but today, we go to an ATM about 25 times a year — a downward trend that is […]
Australian fintech Airwallex confirmed as latest fintech unicorn following Series C fundraising
Airwallex confirms unicorn status following a successful Series C fundraising round of $100m USD, valuing the company at over $1bn USD. Founded in Melbourne in 2015, Australian fintech Airwallex has grown from an emerging start-up to a global challenger in the crossborder payment space, supporting a client base of internet titans including JD.com, Tencent and Ctrip, and large financial service companies including MasterCard. Top-tier investor DST Global led the Series C fundraising round, which closed at $100m USD. DST Global has been a primary investor across a number of global technology success stories, including Facebook, Airbnb and Spotify, and other fintech leaders, such as Robinhood. Alongside new investor DST Global, […]
RepuCoin secure blockchain defends against attackers
In what its originators have billed as a ‘world first’, a secure blockchain has been developed that they claim can defend against malicious activity. Monash University researchers are part of an international team that created the system, which, it is claimed, can successfully block malicious activity by attackers who possess more than half of the system’s computing power. The system, RepuCoin, introduces the concept of ‘reputation’ to blockchain, supposedly making it thousands of times more expensive to attack than Bitcoin. Its creators claim it has the potential to be applied in a number of global sectors including fintech, energy, food supply chains, health care and future 5G telecommunications networks. RepuCoin’s […]
