How to safely buy and sell cryptocurrency
Cryptocurrency exchanges and theft have been regular news since Bitcoin went big, but that hasn’t deterred investors: The number of digital cryptocurrency wallets in existence by the end of 2017 was 21.5 million. That’s a huge increase from 2015, when only 5.4 million wallets were around. Along with the new popularity of cryptocurrency has come a new breed of cryptocurrency criminals. In 2016 $95 million worth of Bitcoin was stolen, and in 2017 the amount stolen exploded: $115 million was lost to phishing, $103 million to exploitation of software and storage, $7.4 million to hacks, and $4,000 to Ponzi schemes. That’s a lot of lost cryptocurrency—so how are criminals doing […]
These are the 12 cryptocurrencies fintech experts say will soar by the end of 2018
A group of fintech leaders say bitcoin will hit $38,000 by the end of 2018, but its 194% growth will be miniscule compared to rising cryptocurrency stars. Comparison site finder.com.au has just released the results of its March Cryptocurrency Predictions Survey, forecasting how the top 10 by market cap and top two trending cryptocurrencies will perform in 2018. Comparing the forecast market capitalisations, nine experts say the big three – bitcoin, bitcoin cash and ethereum – will experience modest growth by crypto standards: Bitcoin – +194% Bitcoin cash – +123% Ethereum – +212% But of the 12 coins reviewed, by far the biggest forecast came for Dogecoin, the digital currency […]
Scale Investors and VentureCrowd introduce new female board members
Female-focused angel investor network, Scale Investors today announced a strategic partnership with alternative assets crowdfunding platform VentureCrowd, as well as the appointment of three new members to the Scale Investors board – Catherine Robson, Judith Smith and Lynda Coker who have joined the board, effective from 1 March. The Scale Investors and VentureCrowd collaboration has two main components. VentureCrowd will ease syndication of an investment for Scale Investors by handling the administration, such as collecting investment funds, setting up a unit trust and all required documentation. It also includes facilitating on long-term relationships between startups and a syndicate by managing investor updates and communications. Secondly, companies that Scale Investors invest […]
Private wealth platform appoints ASX-listed corporate adviser
A blockchain-based private wealth platform that created China’s first robo-advice solution appointed an ASX-listed corporate advisory firm for its initial coin offering (ICO). Bankorus, which now advises more than 200,000 high-net-worth investors representing an aggregate US$30 billion in assets, will partner with DigitalX (ASX:DCC) to launch its ICO. DigitalX is based in Perth and New York and provides blockchain consulting, software solutions and ICO support. Bankorus allows HNW investors with multiple ways to access cryptocurrency using traditional assets. Investors can, for example, “tokenise” illiquid assets such as real estate holdings, and borrow cryptocurrencies against the value of any existing traditional asset. DigitalX noted that the global cryptocurrency market represents about […]
Macrovue launches its 5G technology investment portfolio
Leading fintech Macrovue announces the launch of its new investment portfolio built around the next phase of the wireless revolution – 5G technology. The 5G technology portfolio – known as a Vue, presents significant investment opportunities as it represents a technological paradigm shift, akin to the move from typewriter to the computer. 5G is more complex than any connectivity technology that came before it – delivering scalability and capability to allow the efficient operation of autonomous cars, smart-cities, huge advances in healthcare, and more sophisticated industrial automation. 5G will enable the connectivity of 25 billion Internet of Thing devices and more than 300,000 level three and four autonomous vehicles which are estimated to be […]
Broker raises money through crowdfunding
Mortgage startup Hero Broker has begun a crowd-sourced funding campaign following the recent fundraising success of digital lender Xinja. It is the only mortgage company so far that has tried to raise funds through crowd-sourced funding since ASIC licensed seven companies in January to provide CSF services. Founder Clint Howen told Australian Broker that the company will use the funds to strengthen its business and accelerate growth. “We have hit a chord with particular demographic segments that are not being served by current broker groups, and we believe there’s a huge opportunity there.” The platform launched last year promising borrowers access to the complete home loan application process. Howen said […]
Micro-investing apps creating electronic piggybanks for the tap-and-go age
Small change used to go into people’s piggybanks, building cents into dollars. But in the tap-and-go age, micro-investing may be the answer. “They’ve been able to match smart technology within regulatory innovation to allow people to invest literally small change,” financial planner Catherine Robson said. With no paper bankbook and no plastic card, apps controlled entirely on smartphones like Acorns and First Step are lowering the bar for investing in the stock market. While First Step has recently launched, Acorns has $160 million under investment for 140,000 clients. With an average holding of just over $1,100, its client base is much younger than the major banks. “Millennials are definitely more […]
More than 1,200 newsagents to offer Bitcoin, Ethereum buying service
From today Australians will be able to purchase Bitcoin and Ethereum in-store from more than 1,200 newsagents around the country. With a minimum purchase of $50, all customers need to purchase the digital currency is cash, a phone number and an email address. The service is being provided by cryptocurrency exchange bitcoin.com.au, which has been rolling out in-store Bitcoin buying infrastructure since the middle of 2016. Bitcoin.com.au CEO Rupert Hackett said the primary challenge of selling cryptocurrency within a physical retail store was gaining the trust of consumers. “When your product is totally digital it can be hard to gain trust from consumers because there’s no tangible product being handed […]
