BTC Markets dumps BPAY minimum
Cryptocurrency investors no longer stuck with a $500 minimum trade. Australian cryptocurrency marketplace BTC Markets has eliminated its $500 minimum for deposits made through the popular BPAY platform but has dropped deposits through rival POLi for now. The firm confirmed the policy change in a tweet on Sunday. “The BPAY minimum of $500 no longer applies,” it said. There’s a sting in the tale for local investors. While the BPAY limit has been lowered, BTC Markets has stopped supporting the Australian POLi payments platform. Previously it allowed deposits through POLi, albeit with a $3.30 per transaction service charge, but that’s no longer the case. “We have suspended POLi deposits for […]
Bitcoin competitor Ripple value climbs, almost beating Facebook’s Mark Zuckerberg
The virtual currency boom has gotten so heated that it is throwing the list of the world’s richest people into disarray. Consider what has happened to the founders of an upstart virtual currency known as Ripple, which has seen its value skyrocket in recent weeks. At one point on Thursday, Chris Larsen, a Ripple co-founder who is also the largest holder of Ripple tokens, was worth more than $US59 billion ($75 billion), according to Forbes. That would have briefly vaulted Mr. Larsen ahead of Facebook chief executive Mark Zuckerberg into fifth place on the Forbes list of the world’s richest people. Other top Ripple holders would have also zoomed up […]
Why ICOs are the real deal
As bitcoin and the overall cryptocurrency market exploded in 2017, the appetite for ICOs (Initial Coin Offering) has also risen but without the same mainstream attention. At its most basic level, an ICO is a public crowd fundraising alternative to the traditional IPO (Initial Public Offering). ICOs have quickly become the choice of global visionary companies that have an audacious plan and need capital to quickly execute it. While the general consensus is that participating in ICOs should be taken with great care, which I agree with, there are many success stories in Australia and around the world that buck this notion. ICOs differ from IPOs in a number of […]
Coinspot rubbishes liquidity claims, says it is ‘getting closer’ to turning on Australian dollar deposits
Aussie cryptocurrency exchange Coinspot has described warnings of liquidity issues due to too many customers cashing out as “absolute rubbish and untrue”.
Aussie crypto exchange turns attention to new laws
BTC Markets expects delays, fine-tuning. Australian cryptocurrency exchange BTC Markets has warned users to expect deposit and withdrawal delays as it “fine-tunes” transaction monitoring systems to meet new legal obligations. Last month, financial regulator AUSTRAC was handed the authority to monitor local digital currency exchanges under new Anti-Money Laundering and Counter-Terrorism Financing (AML-CTF) laws. It’s the first time Australia’s digital currency sector has been regulated, and BTC Markets is the first local exchange to detail what that might mean for its operations. The company said it already verified “the identity of our users, their source of funds, and the purpose of their transactions as they occur on our platform … […]
Is bitcoin’s price tumble a warning bell for investors?
Seasoned investors will find it hard to resist a smug “I told you so” if the price of bitcoin continues the swoon which has seen it tumble from its December peak of nearly $US20,000, to around $US13,150 late on Tuesday. That’s because since its creation in 2008, most investors have tended to see bitcoin as a financial market sideshow, of interest to criminals and drug dealers perhaps, but scarcely an asset that could be ranked alongside shares or bonds. But bitcoin’s stunning price rise last year – the digital currency started 2017 at less than $US1000, which meant that it notched up a gain of around 2000 per cent for […]
Bitcoin futures trading company XBT Investments heads for the ASX
Investors who are unsure of how to buy or manage their own cryptocurrencies will have an easy way to be exposed to the volatile asset class, with the first bitcoin investment company readying to list on the ASX this quarter. The float of XBT Investments, which has a management agreement with BitFunds, will invest in bitcoin futures rather than own the cryptocurrency outright. This enables it to overcome the ASX’s listing rules which do not permit pure cryptocurrency investment companies. The listing comes as bitcoin starts the new year trading lower for the first time since 2015, having fallen from almost $18,000 to less than $17,300. The slide comes on […]
First Growth Funds raises funds for blockchain
Investment company First Growth Funds (ASX:FGF) has announced it will raise $3.45 million to expand into the blockchain sector. The company has agreed to issue more than 282 million shares to Australian and international investors, representing just under 25 per cent of the issued share capital of the company. The placement is led by blockchain technology company Blockchain Global which will hold 10 per cent of the issued capital on completion of the placement. The partnership with Blockchain Global is expected to provide strategic deals for blockchain-related investment opportunities. To read more, please click on the link below… Source: First Growth Funds raises funds for blockchain | Finance News […]
