Cryptocurrency Analysis and News Portal
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
Hours before the U.S. Federal Reserve, the Reserve Bank of Australia (RBA) also cut interest rates in hopes of curbing market reaction to the ongoing coronavirus outbreak.In a meeting held on March 3, the RBA announced it would be cutting the cash rate by 25 basis points (bps) to 0.50
Read More
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
Read More
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
Read More
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
Read More
“Unlike other enterprise blockchain projects, we haven't missed a deadline to date with ASX,” said Yuval Rooz, Digital Asset’s CEO, who succeeded Masters. Industry-wide testing of the new ASX system starts in Q1 of next year, a process which could take about a year, said Rooz. Source
Read More