Blockchain applications rolling out in financial markets
The blockchain gives investors transparency over loan-level data, asset provenance, payment history, loan terms and the quality of underlying security.
Bitcoin price crosses USD$3,000 milestone to set new all-time high
The price of bitcoin topped USD$3,000 for the first time in history today, according to the CoinDesk Bitcoin Price Index (BPI). After spending much of the last week seeking direction in the $2,700 to $2,900-range, the average price of bitcoin across major international exchanges edged up over this threshold finally at roughly 17:00 UTC. The new record comes at a time when alternative digital assets are seeing robust inflows, with ethereum’s ether token setting a new all-time high of more than USD$300 today as well. Indeed, analysts spoke to the ongoing broadening of the cryptocurrency market as a tide that is benefitting bitcoin. “The inflows into ‘alts’ are greater than […]
Robo-advice finds market in digital-savvy older investors
Hey robo-advisers … You’re looking the wrong way! Millennials have no spare money and don’t care about investing just yet — but older Australian investors are more than ready to play. One survey after another in the US shows older investors are actually super keen to examine low-cost digital-based financial services. And closer to home, it’s worth pointing out that a recent survey from the SMSF Association revealed a higher portion of Australia’s one million SMSF operators were willing to try robo-advice than the general public. No doubt this emerging reality has not been lost on the kingpins of Australian finance — the banks. Earlier this week, NAB funds management […]
Bitcoin blows past $2,500, $2,600, and $2,700
The bitcoin rally just keeps going. Thursday’s action has run bitcoin above $US2,500, $US2,600, and $US2,700 for the first time. It hit a high of $US2,749 before paring its gains. Currently, the cryptocurrency trades up 11.2%, or $US270, at $US2,682 a coin. It has gained in 27 of the past 30 sessions and has tacked on more than 130% over that time. Bitcoin has climbed aout 20% since Tuesday’s close, propelled by news that the Digital Currency Group, representing 56 companies in 21 countries, reached a scaling agreement at the Consensus 2017 conference in New York. The announcement was the latest bit of good news for the cryptocurrency. In early […]
Dion Global Solutions launches integrated wealth management and trading platform
Dion Global Solutions announced the launch of its wealth management module – TCWealth. Easy-to-use and functionally rich features of TCWealth will enable stockbrokers and wealth managers to carry out effective and efficient management of client assets. The Financial industry in Australia is undergoing a shift from traditional stockbroking services to wealth advisory. This unleashes an enormous opportunity for stockbrokers to expand their business model and offer access to a growing segment of new products and exchange listed instruments that give better returns to their clients. With TCWealth, stockbrokers and financial advisors gain instant and holistic view of their client’s portfolio information and extensive market data. This information is […]
Winners at The Finnies!
Congratulations to those Australian Fintech companies and their fearless leaders who won awards last night at the inaugural Finnies Fintech Awards: Female Fintech Leader of the Year: Emma Weston, AgriDigital Co-Founder & CEO Joint Male Fintech Leaders of the Year: Greg Moshal & Beau Bertoli, Prospa Co-Founders Fintech Organisation of the Year: Afterpay Emerging Fintech Leader of the Year: Emma Weston, AgriDigital Co-Founder & CEO Emerging Fintech Organisation of the Year: Spaceship Best Fintech place to work: Prospa Best workplace diversity: Timelio Marketing Campaign or Brand Initiative of the Year: Equitise – Equitise Bubble Excellence in establishing Market Presence (Australia): BrickX […]
Bitcoin blows past USD$2,100 for the first time
Bitcoin is seemingly unstoppable right now. The cryptocurrency topped both $US2,000 and $US2,100 for the first time on Sunday night/Monday morning. It’s now trading up $US106.11, or 5.2%, at $US2130.69 a coin. Monday’s advance has been fuelled by further weakness in the US dollar, and news that Peach has become Japan’s first airline to accept the cryptocurrency, Bloomberg says. Bitcoin has gained in 24 of the past 27 sessions, and is up more than 82% over that time. According to CoinMarketCap.com, bitcoin now has a market cap of nearly $US35.9 billion. The rally has seemingly been sparked by news out of Japan at the beginning of April that bitcoin is […]
