Here’s how you can buy a brewery for just $100
While it may be a fantasy of many, the dream of buying a brewery (or at least part of one) is actually within reach. Endeavour Brewing Company, the minds behind the Endeavour Tap Room in Sydney’s iconic Circular Quay, are plotting international expansion and are giving ordinary Australians the chance to own some of the action. Launching a crowdfunding campaign on online platform Equitise last month, founder Ben Kooyman is looking for up to $3 million in investment, allowing Australians to get in for as little as $100. “They get full ordinary shares, they’ve got access to future dividends if we decide to issue them, and future proceeds if we sell the […]
Ten years of bitcoin is about more than boom, bubble and bust
This weekend will mark the 10th anniversary of the very first transaction involving bitcoin. A decade later the future of bitcoins and the host of the so-called cryptocurrencies that it spawned is still uncertain. On 12 January 2009, someone who called themselves Satoshi Nakamoto sent 10 bitcoins to a US software engineer, Hal Finney (they may, some believe, have been one and the same). The coins were virtually worthless and it took more than two years before the first exchange of bitcoins for goods – 10,000 bitcoin for two pizzas worth about $US30 ($42) – occurred. For most of their history cryptocurrencies have been a curiosity, a peer-to-peer anti-establishment version […]
Where is the cryptocurrency industry headed in 2019?
To get a sense of just how troubling 2018 has been for the cryptocurrency industry, one need look no further than bitcoin (BTC). Heading into 2018, bitcoin traded for close to $13,500 after reaching an all-time high of $19,783.06 in December of 2017. At the time of writing, bitcoin is selling at $3,400, a loss of about three-quarters of its value — and other digital currencies aren’t faring much better. Ethereum, for example, fell from an early-year high of $1,300 to $91 as of Dec. 17, 2018. But cryptocurrencies like bitcoin and ethereum are hurting on more fronts than value alone. Investor interest in digital currencies has waned dramatically in […]
PlayChip listing confirmed on Independent Reserve
The PlayChip Foundation has announced the listing of its PlayChip token on Independent Reserve, Australia’s first regulated cryptocurrency exchange. PlayChip will be the first Australian ERC20 token and first gaming token to be listed on Independent Reserve. The token will be paired with three fiat currencies – AUD, USD and NZD, allowing for users of the PlayChip to convert directly from the token into cash following the winning and withdrawal of tokens. The listing has been scheduled for January 2019, with a firm date to be announced prior to the end of this year. The PlayChip will serve as a utility token at the core of an online gaming ecosystem […]
BGL adds Multi-Factor Authentication to CAS 360 and Simple Fund 360
BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, announce the release of Multi-Factor Authentication in its market leading CAS 360 and Simple Fund 360 solutions. “Keeping our client’s data safe is a top priority at BGL”, says BGL’s Managing Director, Ron Lesh. “MFA is the second step in our security upgrade. Over the past few weeks we have also encrypted both the CAS 360 and Simple Fund 360 databases.” “Multi-Factor Authentication (MFA) means our clients will need 3 pieces of information to log into our applications” explained Lesh “Client’s will need Username, Password and a unique code sent by SMS to their cell phone […]
Millennials seeking financial advice from millennials
Younger people are shunning their parents and older professionals when it comes to getting guidance on all things financial, a new study has shown. Instead, the research from consumer advocacy group Adviser Ratings has found millennials are seeking other members of their generation to give them a helping hand. “They want to find advisers who have similar goals and life experiences… someone who understands that they’re not looking for the same conventional advice their parents got,” Adviser Ratings CEO Mark Hoven told Your Money Live. “It’s a lot more about lifestyle.” That’s partly because advice tailored to older generations isn’t as applicable to those in an earlier life stage. “It’s a fact that […]
ATO eyes cryptocurrency activity in annual tax returns
The Tax Office has restated warnings to Australians trading cryptocurrency to declare profits in their annual returns, amid an increase in questions about reporting requirements. Bitcoin and other cryptocurrencies are considered property, not currency, for tax purposes in Australia, making them liable for capital gains tax when sold for a profit after July 2017. If the cryptocurrency is held by an Australian resident taxpayer for more than 12 months before being sold or used, the taxpayer may be eligible for the 50 per cent capital gains tax discount, making them a cryptocurrency “investor”. Exemptions for personal use apply, including to assets worth less than $10,000, which are maintained for personal […]
Raiz gets licence to distribute Mutual Funds in Indonesia
Raiz Invest Limited’s (ASX code: RZI) expansion into Southeast Asia has taken a major step forward after securing a licence to distribute Mutual Funds. Raiz Invest, via its subsidiary PT Raiz Invest Indonesia, has secured the Mutual Fund Selling Agent (“APERD”) licence from the Indonesian Financial Services Authority (OJK) to act as a Securities Brokerage specifically established to market Mutual Funds. Further reviews by the OJK of the Raiz mobile first saving and investing technology are required before Raiz Invest can become fully operational in Indonesia. Raiz has established an office in Jakarta with three staff and is well progressed in modifying its platform for the 270-million Indonesian market. Raiz […]
