Singapore crypto exchange KuCoin set to expand after $3m Bitcoin Australia deal
One of the world’s largest cryptocurrency exchanges, KuCoin, has invested in local exchange Bitcoin Australia and formed a new joint venture which will see the Singaporean exchange expand locally. The company has invested almost $3 million into Bitcoin Australia, which intends to use the funding to embark on its own aggressive international expansion, as well as to help KuCoin enter the local market. It has previously raised capital from Dominet Venture Partners. Bitcoin Australia chief executive Rupert Hackett told The Australian Financial Review the businesses had clear synergies, with KuCoin targeting sophisticated investors, while Bitcoin Australia aimed to make cryptocurrency trading possible for the mass market. Despite Bitcoin and other […]
New partnership sets out to educate the SMSF community in cryptocurrency investments
Cointree one of Australia’s leading cryptocurrency exchanges has partnered up with My SMSF, a specialist provider for property and niche assets. The partnership aims to deliver clarity for people wanting to invest their super in cryptocurrencies. Cointree is one of Australia’s fastest growing digital currency exchanges with now over 60,000 members. Through their community, affiliates and partners, Cointree continues to see a growing interest in investment opportunities in cryptocurrency using a members Self Managed Super Fund (SMSF). “Since our announcement of entering the SMSF space, we have gained a lot of interest from our members and the general public wanting to invest into cryptocurrency using their super,” says Shane Stevenson, […]
NAB Ventures secures another $50 million to invest in fintech startups: Here’s what the fund is looking for
Australian big-four bank NAB has allocated another $50 million to its corporate venture capital fund NAB Ventures, doubling the funds available to bring the total to $100 million. The fund was launched in 2016 with an initial $50 million to invest over three years. It has backed 12 businesses to date, including property investment startup BrickX, real estate communications platform ActivePipe, and data sharing startup Data Republic. It has also made investments overseas into startups in San Francisco and Toronto. NAB Ventures general partner Melissa Widner tells StartupSmart the doubling up of the funds represents an endorsement of the program from the bank. “The board liked the innovation it was […]
CoinJar exchange lists Zcash (ZEC) offering world first ZEC/AUD order book
CoinJar has expanded its offering by listing Zcash (ZEC) in its portfolio, meaning that for the first time in Australia, cryptocurrency traders and investors will have access to a ZEC/AUD trading pair using an order-book through CoinJar Exchange. Zcash (ZEC) is a leading privacy coin and will be listed alongside Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP). Traders and investors can hedge their ZEC holdings against major fiat pairings including Australian Dollars (AUD), Great British Pounds (GBP), Euros (EUR) and US Dollars (USD) to temporarily protect their portfolio from price fluctuations. CoinJar customers will now be able to send and receive Zcash with their CoinJar wallet, pay bills […]
“It takes an army”: Co-founder of pocket money app Spriggy Alex Badran on growth, getting some perspective, and securing backing from Mike Cannon-Brookes
Pocket money app startup Spriggy has seen a 380% increase in its customer base, quadrupled its headcount, and secured funding from Atlassian co-founder and Australian startup legend Mike Cannon-Brookes — and that’s all in the past 12 months. Founded in 2015 by Alex Badran and Mario Hasanakos with an initial $300,000 investment, Spriggy provides a mobile app that allows parents to give their children pocket money digitally, by loading cash onto a prepaid card for the children to use. The app also allows kids to monitor their spending, in a bid to teach them good money management skills. The startup was named as an emerging fintech star in the KPMG Fintech […]
Cryptocurrency behind Great Keppel Island’s $300 million resurrection
There was a time when Great Keppel Island was sold as the ideal place to go and “get wrecked”, a party island at the gateway to the Great Barrier Reef. It then faded into disrepair and then into memory. Now an ambitious cryptocurrency consortium plans to resurrect it as a high-tech wonderland including a luxury resort, private villas and apartments, a golf course, retail outlets and a marina in what is being sold as the world’s largest cryptocurrency-backed property deal. If all goes to plan, they boast, when the development is complete Great Keppel will become the world’s largest island cryptocurrency micro-economy, a project that could bring the new digital […]
Advice Intelligence launches new world financial planning technology
Advice Intelligence (a.i.) has launched Version 1.0 of it’s software platform to financial advisers across Australia.
Wall Street has helped eliminate one of bitcoin’s biggest problems, and it could fulfil ‘Satoshi Nakamoto’s original vision’
Many crypto enthusiast long for a day when bitcoin will replace the entire financial system. But in the meantime, Wall Street might actually be helping the digital asset’s long term adoption, one firm says. New data from SFOX, the cryptocurrency trading technology firm, shows that 2018 has witnessed a drop-off in price variations on digital asset exchanges. The firm argues that trend is tied to the entrance of large Wall Street firms into the market, which makes it more stable. “Before institutional firms were actively trading crypto or heavily involved (before 2018) bitcoin price differences between exchanges varied as high as 4.5%,” said Danny Kim, head of growth at SFOX. […]
