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, […]
BetaShares to launch three new ETFs to the ASX
The new ETFs will track international companies and offer exposure to blockchain and artificial intelligence technologies. Australian exchange traded funds (ETF) manager BetaShares has today announced its plans to launch three new ETFs on the ASX. The ETFs will track international markets and will provide exposure to new technologies such as blockchain and artificial intelligence (AI). The three new ETFs are BetaShares Asia Technology Tigers ETF (ASX:ASIA), BetaShares Global Blockchain Innovators ETF (ASX:BLOK) and BetaShares Global Robotics and Artificial Intelligence ETF (ASX:RBTZ). Unlike a listed investment company (LIC), which has fund managers actively picking stocks in an attempt to beat the market, ETFs simply mirror the performance of a particular […]
VendorPanel raises $2.35 million to simplify procurement and drive positive social and economic outcomes
VendorPanel, a leading Australian procurement platform, announced it has secured AUD$2.35 million Series A capital led by Microequities Venture Capital Fund, with strategic investment by Aconex founders Leigh Jasper and Rob Phillpot.The financing will be used to accelerate growth, extend product development, and expand into new international markets. With Microequities Venture Capital Fund, Jasper and Phillpot all holding globally successful track records in the SaaS B2B marketplace, the investment is a significant vote of confidence in the Melbourne-based technology company.Following the investment, Justin Lipman of Microequities Venture Capital Fund will join the VendorPanel board. He commented: “VendorPanel’s vision and expertise are helping to simplify procurement. Over 1,000 organisations have seen the benefits so […]
Homeloans to fund and use Athena’s new home loan platform
Homeloans Ltd will provide debt funding to Athena Home Loans and has joined Macquarie and SquarePeg as a shareholder of the new home loan platform, which is preparing to launch later this year with technology to link mortgage borrowers directly with super funds and non-bank lenders. Athena, founded by two former National Australia Bank executives, is targeting $1 billion of lending in its first year, a drop in the ocean compared to the $1.7 trillion mortgage market. However, the strategic partnership announced by ASX-listed Homeloans on Monday morning shows major banks, which are grappling with a loss of customer trust due to the banking royal commission, are under growing pressure […]
Advisers with robo capabilities will have an edge
While standalone robo-advice won’t attract affluent investors, it will offer a competitive advantage to traditional wealth managers over competitors, GlobalData says. The research company said that robo-advisers alone didn’t attract assets under management, and that high net worth (HNW) investors generally only entrusted small portfolios to digital-only platforms. GlobalData’s Technology in Wealth Management: Drivers for Adoption and Future Trends survey found that demand for robo-advice was growing, however, meaning that offering it could strengthen human advisers’ value to clients. Forty per cent of private wealth managers surveyed noted strong demand for the technology from clients, most obviously in the Asia-Pacific region. “Despite some drawbacks robo-advice is a competitive advantage that […]
Industry fund contract under works at Link
Link is in advanced stages of negotiating a contract with an industry fund, the administrator said in its FY18 earnings report. It remains in advanced stages of negotiating a long-term contract with Rest, the company said. The Rest contract has been rolling on a monthly basis.Link also said it has a good organic pipeline of opportunities across the business combining with good momentum already from client wins in 2018, buoyed by Link Asset Services (LAS). New client wins for the year have included the Wales Pension Partnership (LGPS pooling). It expects LAS integration benefits to start flowing from FY19. “Steps are being already being taken to refocus the LAS business […]
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 […]
