Peppermint signs MOU with Blockchain platform
Peppermint Innovation Limited (ASX: PIL) announced it has executed a non binding Memorandum of Understanding with Vleppo to explore the delivery of a Blockchain based platform to empower banked and unbanked individuals to source loans secured by digital assets. Peppermint previously provided guidance to the market in its announcement dated 27th November 2017 that it was watching the development of Blockchain capabilities and plans. This MoU is in alignment with this announcement and affirms PIL’s commitment to exploring partnerships with leading edge technology companies operating in the Blockchain space. Peppermint’s Managing Director and CEO Chris Kain said: “As a progressive Fintech company, we are always assessing advances made within the […]
MT4 tech specialist Gold-i opens an office in Australia
MetaTrader technologies and integration specialist Gold-i has announced that it has opened an office in Australia, headed up by FinTech sales and technology specialist, Daniel Picone. The new Sydney-based office is a significant development for Gold-i as it focuses on increased business opportunities amongst brokers in Australia and New Zealand as well as expanding its footprint across the Asia Pacific region. Daniel Picone, who has spent the last seven years at Australian FinTech company, IRESS brings a wealth of experience to the role in terms of business development, account management and client support. He has spent four months on an intensive training programme at Gold-i’s UK headquarters in preparation for […]
JP Morgan’s Quorum blockchain opens new world of trading opportunities
A blockchain platform built by global investment bank JP Morgan is being used to “tokenise” gold bars to allow sustainable miners to earn a premium on global markets, an indication of new trading opportunities the disruptive technology will create over the coming decade. Blockchain technology, initially deployed to create bitcoin, is moving into production in major investment banks – but it’s not being used to move money. Rather, banks are using it to manage global liquidity, improve information inefficiencies and create “crypto” assets (other than currencies). JP Morgan has created an enterprise version of the Ethereum blockchain – known as Quorum – which allows for the operation of “smart contracts”, […]
Australian Fintech heavyweight to launch institutional-grade security token exchange in Malta
Rick Klink the founder of Paritech and OpenMarkets, Australia’s largest independent trading platform by trading volume of over AUD50 billion per annum, heads up Malta Digital Exchange (MDX) and brings his ground-breaking technology to the digital asset space. The cryptocurrency and blockchain sector saw exponential growth in 2017, now a push towards regulation will provide trust and a safe environment for institutional investors, allowing them to participate in the global economy. Security tokens are the next generation of regulated securities, which are being built on blockchain-based infrastructure rather than being restricted to legacy systems. MDX aims to become the world’s premier security token exchange, which will enable greater market efficiency, […]
PlayChip digital currency exchange “PlayXchange” registered
The PlayChip Foundation has been registered as the first digital currency exchange in Australia with its own native token. Last week the PlayChip Foundation Ltd was registered to provide Digital Currency Exchange services by Australian regulatory body AUSTRAC. AUSTRAC, the Australian Transaction Reports and Analysis Centre, is Australia’s anti-money laundering and counter-terrorism financing regulator and financial intelligence unit. The registration is pursuant to subsection 76E(2) of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (AML/CTF Act Amendment Act 2017). The registration signals a huge step forward to the Foundation, which will operate a cryptocurrency exchange called the PlayXchange as part of a global payment solution to its more than […]
A mystery $1 billion Bitcoin Whale is active – What could it mean to prices?
A mystery bitcoin whale wallet holding nearly $1 billion worth of bitcoin is suddenly active after lying dormant for more than four years, according to a recent post on Reddit. Does this mean the whale is intending to dump a huge amount of BTC in the market? If you trade crypto you will hear the term “whale” and as the name suggests it is used to describe huge cryptocurrency holders. Bitcoin wallets holding around $1 billion are usually referred to as whales. With the recent activity many investors are questioning whether a dump is on its way. Some of the transactions are being traced back to a wallet address that […]
How real is the competition to Bitcoin?
Cryptocurrencies continue to take the world by storm, with values increasing and new products entering the market all the time. While Bitcoin is still the world’s biggest digital currency, it faces serious competition from Ethereum, Bitcoin Cash, and Ripple just to name a few. The rise of cryptocurrencies has been called the biggest evolution of the financial system in history, as decentralised exchanges and blockchain technology continue to change how the world views money. While no-one knows exactly what’s in store for the crypto market for the remainder of 2018, the trending markets seen in 2017 seem to be consolidating into trading ranges across time scales. The entire cryptocurrency market […]
Australian fintech success Optal seeks new global investor
Forget Prospa, SocietyOne and the like; a new fintech has popped on to dealmakers’ radars and it is one with more than a decade’s history and a significant amount of earnings. Street Talk understands there is at least a stake up for grabs in Australian-based but globally focused business to business payments company Optal Ltd, which is the liquidity event some of its early backers have been waiting for. Optal CEO Rob Bishop and his team have hired a boutique adviser in the United States, FT, to market the stake to potentially interested parties and set up a sale process. Optal is known in fintech and payments circles worldwide, and has had no shortage […]
