Tagged: australia

October 25, 2018 @ 1:43 pm By Cali Haan  |  

Cybercrime detectives have stormed a house in Sydney, Australia and arrested a 23-year-old woman they believe hacked 100 000 Ripple (XRP) tokens from a 56-year-old man, Brisbane Times (BT) rep The woman’s parents also reside in the house. The alleged hack took place last January, when 100… Read More

October 25, 2018 @ 12:43 am By Cali Haan  |  

After spending $700 000 Australian dollars investigating the industrial potential of blockchain, Australia’s Digital Transformation Agency (DTA) has determined that current versions of the tech are “interesting” but in no way better than other systems, ZDNet reports. DTA Chief Digital Officer Peter Alexander reportedly told Senate… Read More

October 24, 2018 @ 11:21 pm By Cali Haan  |  

Reserve Bank of Australia Assistant Governor Michelle Bullock told audiences at the Sibos Conference in Sydney this week that she does not believe Australia and other central banks have any reason to create a national digital currency settled on blockchain, Financial Review (FN) reports. Sibos is… Read More

October 23, 2018 @ 11:26 am By Samantha Hurst  |  

Afterpay, an Australia-based digital platform that offers interest-free installment plans for online purchases, announced on Tuesday the launch of its first US-based in-store solution at the REVOLVE pop-up shop in New York City.  According to Afterpay,  REVOLVE is a next-generation retailer for fashion-savvy millennial consumers. The pop-up… Read More

October 17, 2018 @ 8:41 pm By JD Alois  |  

The UK Department for International Trade, along with the Prime Minister’s Fintech Ambassador Al Lukies, are heading to Australia as part of the “GREAT Britain showcase.” The group will be participating in Sibos 2018 taking place in Sydney. According to the UK government, the delegation’s aim… Read More

October 17, 2018 @ 10:17 am By Samantha Hurst  |  

Australian banking group Westpac announced on Tuesday its 2018 Innovation Challenge, which gives startups a chance to win $40,000 and professional support to grow their business. According to Westpac, this year’s challenge is themed regtech and is seeking participants that will create a technological solution that helps companies… Read More

October 16, 2018 @ 12:52 pm By Samantha Hurst  |  

Australian global payments provider Verrency announced on Tuesday that it has been selected for Plug and Play’s accelerator programs in the Silicon Valley, Singapore and now in Frankfurt, Germany as the company extends its global reach in the fintech market. According to Verrency, thousands of start-up companies apply to Plug… Read More

October 12, 2018 @ 8:32 am By Samantha Hurst  |  

Australian banking group Westpac announced earlier this year the launch of its ‘Centsitive Objects,’ which is a new designer range of wearable accessories. This news comes just days after Westpac announced the launch of its Mobile Cheque Deposit feature. According to Westpac, Censitive Objects was designed exclusively… Read More

October 9, 2018 @ 10:11 pm By Cali Haan  |  

The Commonwealth Scientific and Industrial Research Organisation (CSIRO) of Australia’s Data 61 data research arm is trialling an app that uses blockchain to track and issue payments within the country’s National Disability Insurance Scheme (NDIS). According to a CSIRO Data 61 press release, the trial… Read More

October 8, 2018 @ 12:58 pm By Samantha Hurst  |  

Australian banking group Westpac announced on Monday the launch of its Mobile Cheque Deposit feature. According to Westpac, the new feature allows customers to upload a picture of the front and back of their cheque to the Westpac app and will usually clear and be in the… Read More

October 4, 2018 @ 10:59 am By JD Alois  |  

The Australian Securities and Investments Commission (ASIC) has announced a Fintech and Regtech agreement with the Luxembourg Commission de Surveillance du Secteur Financier (CSSF). This is the second Fintech agreement signed by ASIC today having earlier announced an agreement with the US CFTC. The Agreement… Read More

September 26, 2018 @ 4:25 pm By Cali Haan  |  

Australia’s national science agency and researchers at the University of Sydney say a company they incubated, Red Belly Blockchain, has achieved 30 000 transactions per second on a global blockchain of 1000 nodes created using Amazon Web Services’ (AWS) global cloud infrastructure. The agency, CSIRO’s Data61,… Read More

September 24, 2018 @ 10:31 pm By JD Alois  |  

The Australian Securities & Investment Commission (ASIC) has published its report on security breaches at financial services firms. According to the regulator, financial services firms have failed in their duty to protect their users and to notify them when they fall short of their fiduciary… Read More

September 18, 2018 @ 8:06 am By Samantha Hurst  |  

Australia-based marketplace lender SocietyOne announced on Tuesday it has reached $500 million in loan originations across its personal loan, agri lending, and marketplace business, and is now setting its sights on reaching $1 billion by the end of 2019. The news comes less than a month after… Read More

September 11, 2018 @ 10:12 pm By Cali Haan  |  

The Government of New South Wales has decided to trial a blockchain-based version of its driver’s license program starting in November, ZDNet reports. During the trial, participants will be able to display a digital version of their drivers’ licenses on their phones at clubs, pubs… Read More

September 11, 2018 @ 9:53 pm By JD Alois  |  

Prospa says it has been named 6th on the 2018 LinkedIn Top Startups List. The list marks the 25 best startups to work for in Australia. Prospa adds that it is the top Fintech on the list as well. Prospa is an online lender catering… Read More

September 7, 2018 @ 8:49 am By JD Alois  |  

Prospa, a leading online lender to SMEs in Australia, has shared that it has satisfied the a review by the Australian Securities and Investments Commission (ASIC) in relation to Prospa’s small-business contract terms. This past June, Prospa received a letter from ASIC requesting information as… Read More

September 6, 2018 @ 10:55 am By Cali Haan  |  

An Australian company selling a crypto-exchange “loyalty token” ICO (initial coin offering) has stated to Australian securities regulators that it is confident its offering is not a security under Australian law. Byte Power Group (BPG), “a diversified technology solutions group with a particular emphasis on securing Asian… Read More

September 5, 2018 @ 11:30 pm By Cali Haan  |  

Australian developer Tower Holdings is hoping to fund an ambitious development on Great Keppel Island via a $300-million dollar security-token offering, blockchain and crypto media-and-promotional-outlet Micky.com reports. The project, which Micky claims, “has met all legal requirements…(and) has been approved by all levels of government,” is being promoted… Read More

August 27, 2018 @ 8:35 am By JD Alois  |  

CoAssets Limited, a crowdfunding platform traded on the Australian Stock Exchange (ASX: CA8), has reported its financial results for the full year ended 30 June 2018. According to the company which is based in Singapore, CoAssets experienced its first full year of profitable operations representing… Read More