Bitcoin Cash just exploded in value
Bitcoin Cash is the latest major cryptocurrency to surge in value, with prices more than doubling over the past two days. Following Bitcoin’s split on August 1, the alternative Bitcoin Cash traded consistently at around $US300. Demand then spiked and a short time ago, prices had shot up to more than $US700. The price surge means that Bitcoin Cash is now the world’s third biggest cryptocurrency by market capitalisation, behind Bitcoin and Ethereum. Prices for Bitcoin were holding steady this morning at just over $US4,100, but down from their record highs earlier in the week above $US4,400. Amid the recent surges in both Bitcoin and Bitcoin Cash, Ethereum prices have […]
Blockchain in race to remake one of the world’s oldest markets
The blockchain revolution is gunning for the gold market. Public online ledgers that emerged from the explosive markets for bitcoin, a virtual currency, already have drawn the attention of businesses from banks to retailers who see blockchain systems as a revolutionary way to verify and record transactions. Now, companies including exchange owner CME Group, IEX Group spinoff TradeWind Markets and financial technology firm Paxos are rolling out similar platforms to bring gold into the digital age. About $US27 billion ($34.1 billion) of gold changes hands every day in over-the-counter markets where settlements can sometimes takes days, leaving price risk for buyers and sellers. Using blockchain promises more transparency, security and […]
Some investors see bitcoin better than gold: Morgan Stanley
Bitcoin’s meteoric rise is leading some investors to argue that bitcoin is a better hedge against inflation and turmoil than gold, according to Morgan Stanley. Tom Price, a London-based equity strategist, said he’s been fielding more cryptocurrency questions after prices recently soared past $US4,000 ($5046) a bitcoin, a fivefold increase from November 2016. Both bitcoin and gold offer similar benefits as a store of value, such as being fungible, durable, portable, divisible and scarce, but it’s too soon to call bitcoin a superior investment, he says. “Over millenia, gold has demonstrated its ability to endure and preserve value under all circumstances,” Price said in an Aug. 14 report. “By contrast, […]
Australian FinTech Launches Australia’s Only Dedicated FinTech Jobs Platform – Australian FinTech Jobs
The team behind the highly successful Australian FinTech website have soft-launched their FinTech employment marketplace platform, Australian FinTech Jobs. Founder and CEO, Cameron Dart, says AustralianFinTechJobs.com.au has been born on the back of the highly successful Australian FinTech website and growing demand from the local FinTech community to have a dedicated employment platform for the sector. AustralianFinTechJobs.com.au is Australia’s only dedicated platform for FinTech companies and Recruiters to promote FinTech, financial technology, financial services, banking, legal and IT employment opportunities in Australia. “Australian FinTech have built a new jobs startup for fintechs and startups about startups, fintechs and jobs” “When people think of ‘FinTech’ in relation to employment, they might […]
SelfWealth, winners of Software Innovation at the Australian Business Awards second year running
SelfWealth Ltd has been recognised as an ABA100 Winner in The Australian Business Awards 2017 for Software Innovation. The Awards, now in their twelfth year, are an annual all-encompassing awards program which recognises organisations that demonstrate the core values of business innovation, product innovation, technological achievement and employee engagement via a set of comprehensive award categories. The award recognises SelfWealth’s achievements in the research and development of SelfWealth Premium and SelfWealth TRADING. SelfWealth is a community of investors partnering to achieve one common goal – greater returns. We allow members to crowd source investment information; by tracking the moves of top investors our members can make more informed investment decisions […]
Crowd-sourced equity funding to open up for DIY funds
DIY super funds and other investors will soon be able to invest in start-ups and small companies through “crowd-sourced” equity funding platforms. These are the minnow unlisted companies of which some, at least, if only they had access to capital, could go on to great things. From September 29, this year, crowd-sourced platforms will be able to apply for a licence that will enable small investors to invest up to $10,000 per company per year through the platforms. These platforms must perform some basic checks on companies and their directors, as well as on offer documents. Public unlisted companies that are limited by shares with less than $25 million in […]
Perth’s Power Ledger readies first Australia’s first Bitcoin IPO
Power Ledger, the Perth-based peer-to-peer energy trading company, is preparing to launch Australia’s first virtual currency IPO – an “initial coin offering” or ICO. The company, which is trialling community trading of solar energy over a custom private blockchain platform in Western Australia and New Zealand, aims to host a “token generation event” in early September. The amount they are seeking is uncapped and will be determined by demand for Power Ledger’s “POWRS” tokens. Chief executive Dave Martin said that, while they would be satisfied with $5 million, they could raise $10 million or $20 million if demand is strong. POWRs will be tradable on the Ethereum public blockchain platform […]
TruePillars secures $5m in Series A capital raise
TruePillars, the online marketplace lender allowing everyday Australians to fund loans to small businesses, today announced it has raised a total of $5 million in a Series A funding round. The funding round was led by a long-term Melbourne-based private investor, and includes both equity and commitments by shareholders to fund loans to Australian businesses on the TruePillars platform. Further commitments from additional investors are expected to be finalised by 30 September. The business will now commence a recruitment drive to more than double its number of employees over the next 12 months. “This investment will give us the means to further innovate and build on our service, including our […]
