Aussie fintech Coinnup is making a $US32 million pitch
Perth-based fintech Coinnup has launched the second round of its cryptocurrency token sale on a quest to raise $US32 million from “PMZ” tokens. Coinnup started with the aim of developing a range of crypto tools, including a listing platform for Initial Coin Offerings (ICO) and a cryptocurrency exchange. An ICO is like an initial public offering — but instead of offering shares, an issuer offers digital tokens that can be traded on cryptocurrency platforms or swapped for services. Cryptocurrency refers to digital money such as BitCoin. Coinnup is registered in Australia but earlier this year launched its own ICO in Hong Kong for the issue of PMZ tokens. The project it’s developing […]
Sharesight data now available in myprosperity
Leading wealth portal myprosperity today announced a partnership with premier share portfolio tracker, Sharesight. Clients who use Sharesight to track their investments will now be able to view them from within their myprosperity wealth portal. The direct integration of Sharesight portfolio data within myprosperity is the latest milestone in the company’s ambitious journey to create a comprehensive shared data platform for accountants, advisers, and consumers. Chris Ridd, CEO of myprosperity, said “Sharesight tracks over AUD $10Bn worth of investments and are one of the leading share portfolio trackers in Australia. myprosperity clients have more than $80M in shares which they’ve entered into their wealth portals. This partnership with Sharesight is another step towards giving Australians a full view of their wealth portfolio and empowering their accountants and advisers to provide […]
Does this bitcoin rebound have longevity?
Bitcoin has been rallying sharply over the past two weeks, gaining around 40% from the USD$6000 mark. However, with the creation of lower highs throughout 2018, there is a risk that we will see another turn lower in the near future. Bitcoin has been on the rise over the past fortnight, with the price pushing through trendline resistance to reach the 61.8% retracement. That rally through the trendline certainly signals a slowdown in the decline of the cryptocurrency, yet the question over whether this marks the bottom remains to be answered. The downtrend that has been in place throughout 2018 remains, despite this trendline break, yet it is clear that […]
Bitcoin just hit $8,000 – Here’s what’s pushing it up
The bitcoin price has today climbed above the $8,000 mark for the first time since mid-May — leading many to predict a return to the bull run that last year powered bitcoin to almost $20,000. The latest boost for bitcoin comes after a week that saw it add almost 20% to its price on the back of news that established financial giants are looking to get in on bitcoin and cryptocurrencies, and a raft of positive regulatory news around the world.Meanwhile, the so-called bitcoin dominance rate — a measure of how much of the total cryptocurrency market is controlled by bitcoin — rose to 47% this week, the highest level […]
How to stop your assets going to the grave with you
Have you made plans to protect or pass on your digital assets – financial and personal – after you die? If not, you’re in good company. Most Australians don’t know they are at risk of losing all their online chattels if they are killed or incapacitated. That’s because they could take their secret passwords to the grave, have their assets locked away in perpetuity by social media networks or exhumed by digital grave robbers and sold on to the dark web, an online “netherworld” for trading illegal and stolen goods from identification to drugs and guns. An estate planning report last year by Charles Sturt University and The University of […]
What crash? Institutional investors have been buying up bitcoin all year
Every price drop is accompanied by a new wave of interest from the big money. Anyone who’s been following cryptocurrency is probably well aware of the pronounced slump that hit the markets as the December-January bubble burst, and the exuberance faded. This was perhaps an entirely expected outcome. By some estimates, maybe half of everyone who’s touched cryptocurrency to date jumped in during the December-January highs and was badly burned by the inevitable readjustment. So, most people didn’t have a very pleasant start to their crypto journey, and then those who didn’t get out were forced to buckle up for a six month bleed. Institutional investors have remained entirely unphased […]
Hub24 to launch new core offering
Platform provider Hub24 will launch a new core offering for clients with lower average balances, offering a “limited investment menu” to users. In a statement, Hub24 announced it will be launching its core offering within its investor directed portfolio service (IDPS) and super products, saying the launch will “provide an entry point for clients with lower than average account balances”. “This new offer will provide access to a limited investment menu, typically a range of diversified managed portfolios from third-party providers, often at a lower administration fee than the more comprehensive platform,” the statement said. “There has been significant interest in this type of offer, which is expected to increase […]
Joust taps new Australian crowdfunding rules in bid to raise $2 million
Joust, an Adelaide based fintech that brings competitive tension to the home loan market by linking borrowers directly with over 20 lenders who compete against each other in real-time, has launched an equity crowdfunding campaign to raise $2 million. The Joust platform brings disruption to the $1.7 trillion home loan mortgage market where $2 billion in fees are paid to mortgage brokers annually. Described as a “consumer hero” fintech company – as Joust places the power back in consumers’ hands – Joust uses technology to provide transparency, competitive tension and superior customer outcomes to the home loan market. Key points: • Aiming to disrupt the mortgage broker channel under siege […]
