cryptocurrency

Jul
01

Resellers, get yourself a Bitcoin account and get to know blockchains

Don’t know what the hell I’m talking about? Bitcoin should need no introduction. If you haven’t heard of the world’s best-known cryptocurrency then spend some time with our old friend Mr Google and get up to speed. The news here isn’t Bitcoin itself. It’s the backend technology that makes Bitcoin work which has found itself […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . FinTech
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Jun
30

ANZ backs private blockchain, but won’t go public

Like all the big banks, ANZ Banking Group is experimenting and investing in blockchain technologies, but don’t expect it to adopt a public ledger any time soon. The recent hack of the Decentralised Autonomous Organisation (DAO), a cryptocurrency experiment built on the Ethereum blockchain network that raised more than $US150 million worth of cryptocurrency, served […]

By Reposted by Australian FinTech | Banking . Blockchain . FinTech
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Jun
27

Brexit: Bitcoin surges in wake of Out vote

One of the few winners from Britain’s shock decision to exit the European Union on Friday was the virtual currency bitcoin, which rose more than 7 per cent as investors flocked to what they perceived a safe haven asset. Bitcoin jumped above $US670 after the vote, according to data from CoinDesk, prompting analysts to label […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . Currency . FinTech
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Jun
22

Ethereum, rival to bitcoin, gains traction

With a rising market value and a roster of high-profile patrons, Ethereum in recent months has become the next hot thing in cryptocurrencies. Ethereum is an open software platform, comprising a currency called ether, a public “blockchain” ledger for keeping track of transactions and tools for building so-called smart contracts that automatically make payments when […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . Currency . FinTech . Payments
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Jun
15

Bitcoin hits two-year high

The price of the digital currency bitcoin hit a two-year high yesterday, trading above $US700 for the first time since 2014, after it jumped 21 per cent over the weekend. The surge came days before an unusual event called the “halving”, an adjustment to bitcoin’s protocol designed to control the creation of new coins. The […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . FinTech
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Jun
13

Blockchain to revolutionise online transactions

IT’S only been around for eight years, and has started life with a reputation sullied by drug dealers and online vigilantes, but there’s a new technology on the rise which could revolutionise how we transact online. And whether it leaves a swath of destructive disruption among large, incumbent businesses — think banks and share registries […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . FinTech . Payments
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Jun
03

Bitcoin available over the counter at a newsagency near you

Two Australian tech start-ups are launching an over-the-counter platform for selling Bitcoin making it available to everyday consumers and providing online retailers and the newsagents offering the service more income streams. It means Australians will be able to buy Bitcoin over the counter with cash for the first time. The technology is being deployed to […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . Currency . FinTech
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May
31

The DAO: Australians buy into the virtual company of the future

Australian investors and organisations are among hundreds of backers of a new virtual organisation that only exists online, is run entirely by computer code, but which promises to change the nature of corporations worldwide. The DAO, or Decentralised Autonomous Organisation, represents the largest non-political crowdfunding project to ever hit the internet, closing a $US132 million […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . FinTech
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