cryptocurrency

Aug
08

Australia Post signs on its first businesses with its Digital ID

Online job marketplace Airtasker, credit union CUA, foreign exchange company Travelex, and Queensland Police are among the first adopters of Australia Post’s new digital identity service as it seeks to corner the local market in proving credentials when the online and physical worlds collide. The Digital ID has been under development since early 2016 and […]

By Reposted by Australian FinTech | Currency . FinTech . Mortgage
DETAIL
Aug
08

Bipartisan push for the Reserve Bank to back Australian bitcoin

Labor and Coalition senators have crossed the political divide to call on the Reserve Bank to embrace bitcoins as an official form of currency or risk the future competitiveness of Australia’s $145 billion a year financial services industry. The push from Labor senator Sam Dastyari and Liberal senator Jane Hume comes after the digital currency […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . Currency . FinTech
DETAIL
Aug
07

Bitcoin surpasses milestone price of USD$3000 across global exchanges

Bitcoin has finally surpassed the US$3000 per BTC average across global exchanges. In fact, it didn’t stop there and touched an all-time high of $3230 during the start of August 5. The decentralized cryptocurrency now commands a hefty $51.9 billion market cap while trading platforms are currently seeing intense exchange volumes at $1.6 billion USD/BTC […]

By Reposted by Australian FinTech | Bitcoin . FinTech . Investing
DETAIL
Aug
04

Blockchain Explained: What you need to know

As emerging technologies continue to revolutionise the way we live and transact, concepts like ‘cryptocurrency’ and ‘blockchain’ are becoming increasingly relevant to our collective financial future. Major banks are already talking about and beginning to use blockchain, a technology that could drive the digital transactions of the future. And it’s become a major buzzword in […]

By Reposted by Australian FinTech | Banking . Blockchain . FinTech . Peer-to-Peer
DETAIL
Aug
03

Bitcoin cash is essentially printing money

The creation of a second bitcoin asset this week did almost nothing to dilute the price of the original unit, with the value of the new asset instead rocketing skyward, generating almost $US7.5 billion ($9.5 billion) out of thin air. This week, a group of bitcoin activists and developers created a second version of bitcoin, […]

By Reposted by Australian FinTech | Bitcoin . Currency . FinTech . Investing
DETAIL
Aug
03

Bitcoin cash is already the 3rd largest cryptocurrency

Bitcoin cash has already secured its place as a top cryptocurrency, just a day after it entered the marketplace. According to Coinmarketcap.com, the cryptocurrency is trading at about $US490 per coin and its marketcap now stands above $US8 billion. As such, it is the third largest cryptocurrency by marketcap, surpassing big name coins such as […]

By Reposted by Australian FinTech | Bitcoin . Currency . FinTech . Investing
DETAIL
Aug
02

Bitcoin: What’s going on with the digital currency?

There are some changes about to happen in bitcoin. Here’s a look at what’s going on and why some investors are nervous. Hold on, refresh me on the basics We get it, bitcoin is a bit confusing. It’s a digital currency that isn’t tied to any bank or government. Like cash, it lets users spend […]

By Reposted by Australian FinTech | Bitcoin . Blockchain . Currency . FinTech . Investing . Payments
DETAIL
Aug
01

Sydney at the centre of booming Australian Fintech industry

Sydney is home to over half of Australia’s Fintech companies and is helping to drive unprecedented growth in the industry, according to a new report by the Committee for Sydney and KPMG.   The report, Scaling the Fintech Opportunity: For Sydney and Australia, finds that the number of Fintech start-ups in Australia has increased from […]

DETAIL