Xinja launches second equity crowdfunding campaign on Equitise platform
Pioneer Australian neobank Xinja today gives everyday Australians another chance to join the digital banking revolution by purchasing shares through leading equity crowdfunding platform Equitise. The raise – opened early to existing investors, customers and people who had registered interest – has passed the minimum of $500,000 in less than 9 hours. Xinja, a digital neobank designed entirely for mobile, last month received unprecedented expressions of interest when its second equity crowdfund to begin in early 2019 was announced on Equitise. With shares available from today on the Equitise platform, Xinja Chief Executive and founder Eric Wilson said he’s confident there will be early and consistent interest from investors who […]
Robo-advice growth a worldwide trend
A new survey reveals the robo-advisory is increasing in competition across both the Asia-Pacific and European markets. Research from data and analytics company GlobalData’s Wealth Managers Survey found that the robo-advisory market is increasing in competition globally, with more start-ups entering the wealth management industry year by year. According to GlobalData wealth management analyst Sergel Woldemichael, traditional wealth managers across the globe in previous years had a widespread level of agreement that robo-advice would seize market share. “However, as of 2018, the level of agreement that Asian-Pacific and European wealth managers will lose market share to robo-advisors is beginning to align,” Mr Woldemicheal said. To read more, please click […]
Long-dormant Bitcoin whales resuming activity could rock price action, analysts say
The number of active Bitcoin (BTC) wallets, many of which have long been dormant, has seen an uptick that could herald some major market movements, Bloomberg reports Jan. 11. Bloomberg bases its report on data and analysis from crypto analytics startup Flipside Crypto, which sealed the backing of major crypto exchange Coinbase and veteran crypto venture capital firm Digital Currency Group (DCG) back in November. According to Flipside, as of Oct. 2018, a high number of long-inactive Bitcoin holders — defined as those that haven’t transferred their Bitcoin for between six and thirty months — have begun to transfer their coins, resulting in wallets active over the past month now […]
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 […]
