Wednesday, January 27, 2021
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Bitcoin in Race for Adoption Before Central Banks Launch Digital Currencies: Australia’s Macquarie

With a runway of a year or more before the Federal Reserve and other major central banks can launch digital currencies, bitcoin and other private cryptocurrencies could gain a foothold in electronic commerce. European Central Bank President Christine Lagarde says bitcoin needs to be regulated. (European Central Bank, modified

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Aquaculture Firm Completes Australia’s First IPO Raise Using Cryptocurrency

Australia-based West Coast Aquaculture (WCA) has completed an A$5 million (US$3.65 million) initial public offering, becoming the first firm in the nation to use cryptocurrency for its capital raise.In an announcement provided to CryptoX on Monday, fintech firm STAX said it had assisted WCA in raising just over 89%, or

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Australia’s first crypto-friendly IPO will accept Tether

Australia’s crypto-friendly capital raising platform Stax has announced its client West Coast Aquaculture Group (WCA) will be conducting the country’s first initial public offering that accepts virtual currency as payment.Investors participating in WCA’s offering can purchase equity in the company using Tether (USDT) or Australian dollars. USDT was chosen over

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Three of Australia’s “big four” banks bring bank guarantees on blockchain

Three of the “big four” Australian banks are forming a new company called Lygon to digitize bank guarantees using blockchain technology. Bank guarantees are an official contract between a debtor and a financial institution. It ensures the debtor and the debt provider that the debt will be paid on time under

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Blockchain Is Part of Australia’s Cyber Security Solution, Say Experts

A cyber security and blockchain forum with leading Australian experts and government officials has identified blockchain technology as a direct response to an increase in cyber attacks targeting the integrity of systems through manipulating data.Recently appointed Blockchain Australia CEO Steve Vallas held a panel discussion on July 30 regarding blockchain’s

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Community Asked for Input to Guide Australia’s Blockchain Roadmap

The Australian National Blockchain Roadmap Steering Committee has reached out to the wider blockchain community in order to create working groups to explore specific applications of the technology within the supply chain, agricultural and educational sectors.The invitation on the Australian Government’s Department of Industry, Science, Energy and Resources’ website asks

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London Football Exchange to Acquire Australia’s Club Perth Glory FC

Crypto startup The London Football Exchange (LFE), a financial, technology, media and entertainment group best known for its tokenized experiences for footie fans, has unveiled its latest signing. The UK-based company has enacted a deal to acquire a majority stake in the Australian A-League side Perth Glory FC. As a

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Australia’s Blockchain Roadmap Isn’t Music to Everyone’s Ears, Draws Criticism

So far, 2020 has been a year of cryptocurrency regulation: The European Union, the United Kingdom and Singapore have officially introduced their approaches to the burgeoning industry. Now, Australia has published its national roadmap, hoping to become a global blockchain leader. Last Friday, Australia's Department of Industry, Science, Energy and

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Why Bitcoin Adoption May Spike if Australia’s Proposed “Cash Ban” Activates

People could be jailed for two years and fined $25,200 just for using more than $10,000 in cash in one transaction under a new bill being considered by the Australian Parliament; if passed, the bill is likely to drive citizens away from traditional financial institutions and towards decentralized cryptocurrencies like

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