cryptocurrency

Jan
18

How cryptocurrency is set to change the customer loyalty program model

New trial using cryptocurrency instead of loyalty points at UNSW highlights the value consumers perceive in earning digital dollars. Cryptocurrency is the biggest game-changer to hit customer loyalty programs since the introduction of frequent flyer points more than 30 years ago. That’s the view of LoyaltyX CEO and customer loyalty expert, Philip Shelper, who has […]

By Reposted by Australian FinTech | FinTech
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Jan
17

Why investor Steve Baxter’s changed his tune on the blockchain, but warns current hype levels are “dangerous”

Last year, prominent Australian investor and Shark Tank judge Steve Baxter told StartupSmart in an interview he believed the blockchain was “overhyped”, and he had no blockchain-focused startups in his portfolio, nor was he “in a hurry to find any”. Since then, blockchain startups and cryptocurrencies such as Bitcoin and Ethereum have seen an astounding […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . FinTech . Investing
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Jan
17

Bitcoin tumbles as fears of cryptocurrency crackdown linger

January’s cryptocurrency selloff got fresh impetus on Tuesday when Bitcoin slumped as much as 20 percent, as the prospect of regulatory crackdowns appeared to spread. While the largest digital coin trimmed its loss and was down 18 per cent at $11,444 ($14,378) at 5am AEDT, it was still at the lowest level since late December, […]

By Reposted by Australian FinTech | Bitcoin . FinTech . Investing
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Jan
17

AUSTRAC opens consultation on new rules for digital currency exchange providers

Australia’s financial intelligence agency AUSTRAC has earlier today provided another update to digital currency exchange providers. Somewhat later than initially planned, the agency published its draft AML/CFT Rules for consultation. The draft amendments result from the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017, which is also known as the “Bitcoin bill”. In December last […]

By Reposted by Australian FinTech | Bitcoin . FinTech
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Jan
16

Bitcoin officially has 80 percent of its 21 million coins mined

Bitcoin has surpassed another momentous milestone, with 80 percent of all the available cryptocurrency having been mined so far. Around 16.8 million Bitcoin have been mined thus far, comprising 80 percent of the 21 million Bitcoin made available by the cryptocurrency’s creator Satoshi Nakamoto, according to Bitcoin tracker Blockchain.info. Bitcoin proponents argue that because Bitcoin’s […]

By Reposted by Australian FinTech | Bitcoin . FinTech . Investing
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Jan
15

Launch of new crowdfunding investments

If you feel you missed the cryptocurrency boom, never fear. One of Australia’s financial watchdogs may have just handed you the possibility of picking another winner. The Australian Securities and Investments Commission (ASIC) has launched the crowdfunding market for investing in new companies with the announcement of the licensing of seven companies authorised to provide […]

By Reposted by Australian FinTech | FinTech . Investing
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Jan
11

This Australian tech investor will be the first ASX-listed company to mine cryptocurrencies

Fatfish Internet Group will become the first ASX-listed company to “mine” cryptocurrencies such as Bitcoin. Unlike fiat currency which is issued by a central bank, Bitcoin is created or “mined” with high-powered computers and special software used to solve math problems. Singaporean tech investor Fatfish is sinking $US1 million ($1.28 million) into a new Malaysia […]

By Reposted by Australian FinTech | ASX . Bitcoin . FinTech . Investing
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Jan
10

ATO creates specialist task force to tackle cryptocurrency tax evasion

The Australian Taxation Office is putting together a taskforce of tax experts, lawyers, technology specialists, bankers and financial advisers to help it identify and track cryptocurrency transactions to ensure all taxes are being paid. A top team of industry specialists will work with the tax officials to work out strategies for “following the money” involving […]

By Reposted by Australian FinTech | Bitcoin . FinTech . Investing
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