Twitter CEO: Bitcoin will be the world’s ‘single currency’ in 10 years
Twitter and Square CEO Jack Dorsey apparently has big visions for bitcoin, commenting in a recent interview with The Times that he believes that the cryptocurrency will become the world’s single currency within 10 years. According to Dorsey, “The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin.” Dorsey went on to say that the transition would happen “probably over ten years, but it could go faster,” which seems like an extremely unrealistic projection, even considering cryptocurrency’s meteoric rise in popularity over the past few months. That Dorsey is a fan of bitcoin isn’t too surprising, though. […]
How crypto currently looks in Australia
Australian crypto investors are like any others: long-term investors, short-term traders, and true believers who want currency beyond control of central banks. WHY ARE AUSTRALIANS BUYING CRYPTOCURRENCIES? Some are long-term investors, others are short-term traders, and some are true believers who want currency to be beyond the control of governments and central banks. All are hoping the value of Bitcoin (or their chosen asset) will appreciate over time as they become more readily accepted. WHY DO AUSTRALIANS NEED USE AUSTRALIAN EXCHANGES? Most people buy their first Bitcoin, Ethereum or other cryptocurrency using their day-to-day currency. If you hold Australian dollars and want to buy your first cryptocurrency, you need to […]
International transfer provider OFX launches developer portal with international payments API
ASX listed foreign currency exchange company OFX (formerly OzForex) today announced the launch of a developer portal, designed to provide the global developer community with turn-key access to the company’s new Payments API, with access to a 24/7 support team. OFX continues to lead the Australian Fintech industry by launching an International Payments API on a self-serve developer platform. Skander Malcolm, CEO and Managing Director at OFX, explained why the portal demonstrates the brand’s commitment to continuous advancement in the tech, product and payments space; “As the world moves to a place where automation, scale and efficiency are a basic need, the OFX team are striving to build products which […]
DigitalX Ltd teams with MailGuard to develop blockchain based cybersecurity network
DigitalX was recently appointed as adviser for two major initial coin offerings. DigitalX Ltd (ASX:DCC) has been appointed corporate advisor to MailGuard, the world’s largest private Software as a Service (SaaS) email security company. DigitalX will advise MailGuard in the development of a blockchain cybersecurity ecosystem called GlobalGuard. Based out of Perth and New York, DigitalX provides initial coin offering (ICO) advisory services, blockchain consulting services and software development A new method to fight cybercrime In a world first, GlobalGuard will combine artificial intelligence (AI) and Blockchain technology to identify emerging email-borne cyber threats.Global spending on cybersecurity products and services is predicted to exceed $1 trillion by 2021. GlobalGuard is […]
Ripple wants to invest in startups that will put its XRP cryptocurrency to work
Payments company Ripple says it plans to invest in startups and technology companies to develop more uses for XRP, its cryptocurrency that is currently the third largest digital token behind bitcoin and Ethereum based on total market cap. The value of XRP shot up in December and January following a crypto market rally that saw bitcoin reach nearly $20,000 per coin. The collective value of XRP was worth more than $128 billion at peak before a market crash in January walked those prices back significantly. Today, the token has a total market cap of around $30 billion but Ripple has come under fire for a perceived lack of use for […]
Why parents are worried about children’s digital money habits
OUR rapid transformation to a cashless society is concerning many parents and increasing the need for new ways to pay children pocket money. Mums and dads are worried about their children’s understanding of digital money, yet four out of five parents still pay kids using physical cash. As digital spending surges with apps, tap-and-go technology and other cashless methods, 39 per cent of parents say they are concerned their kids don’t know enough about it, according to new research from financial technology and education business Spriggy. However, 78 per cent pay cash pocket money, which Spriggy co-founder Mario Hasanakos describes as “such a disconnect”, given that Reserve Bank data shows […]
The founder of Ethereum: Vitalik Buterin
After discovering cryptocurrencies while still at school, Vitalik Buterin dropped out of university to travel the world and explore crypto projects. He then realised he could take the blockchain technology far beyond financial applications. Vitalik Buterin ‘I went around the world, explored many crypto projects, and finally realised that they were all too concerned about specific applications and not being sufficiently general – hence the birth of Ethereum, which has been taking up my life ever since.’ – Vitalik Buterin Born in Russia in 1994, he emigrated to Toronto in Canada in 2000 with his parents Dmitry Buterin, a computer scientist, and Natalia Ameline. Subsequent to quitting his hobby of […]
Bank-based blockchain projects are going to transform the financial services industry
Cryptocurrencies are constantly evolving, with popular currencies such as Bitcoin and Ethereum maintaining their popularity despite recent market corrections. At the core of both technologies is the cryptographically secure digital ledger known as the blockchain. It’s a digital ledger where cryptocurrency transactions are recorded chronologically and publicly. Indeed, as the popularity of cryptocurrencies has grown, so has the banking industry’s interest in blockchain for fintech, with an increased and focused push on bank-backed blockchain projects. Some of the largest projects underway include the IBM-backed Hyperledger Fabric project, the Utility Settlement Coin, and R3’s blockchain consortium, signifying a growing acceptance in institutional policy to support blockchain growth. How does it work? […]
