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 […]
Binance will let you buy Bitcoin with cash from 1,300 stores in Australia
Binance says cryptocurrency fans in Australia will soon be able to purchase Bitcoin from over 1,300 supported Newsagents across the country. The new service, “Binance Lite,” marks the first time the Malta-based exchange has managed to open a fiat gateway in Australia. While it will only support buying Bitcoin at launch, press materials say more digital currency and fiat options will be added in the future. “Binance Lite Australia further expands digital currency adoption by providing easier ways to buy [Bitcoin],” said Wei Zhou, Binance CFO. “Australia has been at the forefront of blockchain innovation, and we hope Binance Lite Australia can play a role to help further this cause.” Once users […]
Australian house to go under the hammer in world-first cryptocurrency auction
In a world first, Australia will host a live auction in which bidders are being asked to pay not in cash, but in cryptocurrency. The “Jetsons house”, a futuristic-style beachfront home in northern NSW, will be auctioned on April 8, with interested bidders able to buy the luxury property using either Bitcoin or Binance Coin cryptocurrency. Cryptocurrency is a decentralised digital cash system – the technology behind it lets users, in this case bidders, to send currency directly to others without going via a third party like a bank. The futuristic home is expected to fetch 700-800 bitcoins, or $3.5 million, when it goes under the hammer. Bidding will be […]
Novatti joins IBM World Wire network as a foundation member
Novatti Group Limited (ASX: NOV) announces it will join IBM Blockchain World Wire1, a real-time global payments network for regulated financial institutions such as Novatti’s subsidiary Flexewallet Pty Ltd. IBM World Wire is designed to optimize and accelerate foreign exchange and remittance services through a New Cross-Border Payments Network Supporting Real Time Payments and Foreign Exchange on the Stellar Protocol. By connecting to the World Wire network, Novatti now has access to a single unified network for foreign exchange and cross-border payments clearing and settlement built on blockchain technology and the Stellar public protocol. This will allow Novatti to offer clients the ability to conduct transactions across additional currencies and […]
A fintech wanting to be ‘Australia’s leading migrant bank’ has launched a $4 million placement
There are plenty of fintechs and plenty of small caps seeking money from Chinese consumers, but few companies that are both. Novatti (ASX: NOV) is one of them. The ASX-listed small cap is a holding company for half a dozen fintech platforms. One of these is chinapayments.com which allows Chinese people in Australia to pay Australian utilities bills through AliPay. They receive fees on a per-transaction basis for payments through the platform. In December, the volume was around $200,000 a month but in January this rose to $460,000. For those with loved ones back home, they can send money overseas through TransferBridge or MoniSend, or alternatively pay bills on their behalf. […]
Are Bitcoin wallets anonymous?
Compared to traditional bank accounts and transactions, cryptocurrency wallets can at least provide you with a very significant degree of privacy, rather than displaying transactions with a name, the blockchain’s unchangeable ledger keeps sender and recipient information like an address, protecting your data. You yourself play a role in keeping your Bitcoin Wallets Anonymous In addition to choosing an anonymous portfolio, there are a few other steps you should take when buying, maintaining, using and selling Bitcoin to further protect your anonymity. There are several reasons to choose an anonymous Bitcoin portfolio, including protecting your privacy and protecting your funds. Keeping your Bitcoin wallet anonymous will ensure that your data […]
Bitcoin vs. Ethereum: How are they different?
You may have heard of Ethereum. You’ve almost certainly heard of Bitcoin. You may even have heard of people making fortunes off of them. What you may not have heard is what exactly these two projects are. What Are Ethereum and Bitcoin? Ethereum and Bitcoin are two different versions of the same underlying concept called a blockchain token. Each was invented to work as a virtual currency. To understand how these two projects work and differ, you first have to understand the concepts of blockchain and virtual currency. What Is Blockchain? Blockchain is a form of digital data storage. In a blockchain, data are recorded on a series of digital […]
