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. […]
Home grown BTC Markets exchange adds home grown Power Ledger
BTC Markets is one of Australia’s relatively few home grown cryptocurrency exchanges, and it’s now listed Power Ledger (POWR), one of Australia’s relatively few home grown cryptocurrencies, as its eighth token. “At BTC Markets, our mission is to support the growth of innovative Australian projects, connecting them to Australian investors who understand the transformative potential of blockchain technology,” said BTC Markets co-founder Jarrod Crane. Power Ledger saw early international success with its ICO being the largest in Australia at the time, bolstered largely by overseas investments. It’s also one of relatively few cryptocurrencies to appreciate beyond its ICO price and continue growing. It’s quickly pushing towards real world adoption, with […]
eToro adds IOTA cryptocurrency
IOTA is now the most technically distinctive cryptocurrency on eToro. IOTA is now available on eToro as the social trading platform’s 12th crypto-asset, so users are able to buy and sell it. IOTA has also been added to eToro’s Crypto CopyFund – a contract for difference (CFD) set-up which lets users diversify across a basket of cryptocurrencies, weighted by market cap, with one click. As a social trading platform, eToro also lets users set up systems to automatically copy each other’s trades across cryptocurrency, as well as forex, stocks and other instruments. The full range of cryptocurrencies now available includes bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, […]
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 […]
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, […]
OFX’s UK e-money licence shows up relatively sluggish Aussie fintech laws
ASX-listed online foreign exchange provider OFX will issue a trading update alongside its annual general meeting on Tuesday, and it is part of its aspirations to be a fintech player of global scale. A central element to this vision is the ability to expand its range of payment services. And so its announcement last week that it has acquired an “e-money licence” from the Financial Conduct Authority, the UK regulator, was significant for OFX (formerly known as OzForex). It also reveals how progressive UK regulators are about encouraging fintech innovation in the payments system. Ride sharing company Uber applied for an e-payments licence in the Netherlands in March. The regime […]
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 […]
