Starting September 1, in New Zealand companies will be able to pay employees in cryptocurrencies. As Crowdfund Insider previously reported, a Tax Bulletin published by the Commissioner of Inland Revenue, the New Zealand tax authority, cryptocurrency may be used to pay employees as long as it… Read More
The Australian Securities Exchange (ASX) announced on Monday it has signed a three-party memorandum of understanding (MOU) with Digital Asset (DA) and VMware to work together on distributed ledger technology (DLT) initiatives in Australia and New Zealand. ASX reported that under the new partnership it… Read More
Australasia’s peer-to-peer lending marketplace Harmoney recently announced it has appointed David Stevens as its new CEO. Harmoney reported that Stevens steps into the CEO role in early 2020. The lender’s founder and current CEO Neil Roberts will step away to focus on strategy and product… Read More
Fintech Unicorn and stealth bank Transferwise announced on Wednesday it is launching its debit Mastercard services in Australia and New Zealand. Transferwise reported that its Platinum debit Mastercard has helped more than 250,000 in the UK, the U.S., and Europe avoid hidden bank fees when… Read More
New Zealand appears to be the first country to officially approve paying employees in crypto. According to a Tax Bulletin published by the Commissioner of Inland Revenue, the New Zealand tax authority, crypto-assets may be used in remuneration as long as it adheres to certain… Read More
Online lender Prospa Group Limited (ASX: PGL) has established its first warehouse facility specifically to fund New Zealand small business loans. According to a note from Prospa, the 3-year facility has an initial capacity of NZ $45 million. Prospa currently provides access to capital in… Read More
Auckland-based craft brewer, Behemoth Brewing Company, has launched an equity crowdfunding campaign on PledgeMe. Behemoth Brewing Company currently exports to 11 countries and is seeking growth capital. The company seeks to raise a combined total of $3.5 million through the equity offer with $2 million… Read More
A court in the Southern District of New York has granted provisional relief to defunct New Zealand cryptocurrency exchange Cryptopia as it attempts to maintain access to customers’ trading balance data managed by an Arizona firm claiming the exchange owes it $2 million USD. Cryptopia… Read More
Adam Clark, a self-taught programmer who founded the now liquidating “decentralized” cryptocurrency exchange Cryptopia, already has a new exchange in the works, Decrypt Media has found. Clark’s LinkedIn profile lists him as “Platform Architect / Lead Developer at Assetylene.co,” a company in September of last year… Read More
Liquidating New Zealand crypto exchange Cryptopia has announced that it has halted trading and frozen customer assets and balances, “In order to… get an accurate picture of the current situation.” Accordingly, no withdrawals of fiat or crypto will be permitted by the exchange until, “…an… Read More
Cryptopia, a New Zealand-based cryptocurrency trading platform that, in February, watched helplessly for days as hackers drained an estimated $16 million USD in cryptocurrency tokens from exchange coffers, has gone into liquidation. According to business advisory firm Grant Thornton New Zealand, which is overseeing the liquidation:… Read More
Global payment technology provider Worldpay, Inc. (NYSE: WP; LSE: WPY) announced on Wednesday it is set to expand its services into Australasian later this year, thanks to two major investments. The first step is to open two sales offices in Australia and the second is the expansion of its… Read More
Online lender Spotcap has selected Simon Keast as Managing Director for Australia and New Zealand. According to a release, Keast joins the Fintech having held a number of senior roles across the banking and insurance industry, including Head of Small Business Designs and Solutions at… Read More
The man accused of killing 50 people at a New Zealand mosque and hospitalizing dozens more, including a 2-year-old child, claims in his lengthy “manifesto” that he made money from Bitconnect, a now-collapsed cryptocurrency Ponzi scheme that ripped off participants for billions of dollars. In… Read More
Online lender Prospa has reported that loan originations have surpassed $1 billion. Prospa has now delivered the loans to over 19,000 Australian and New Zealand small businesses. The Fintech has also shared its top-level financial numbers. For the year ended 31 December, 2018 loan originations… Read More
Lyttelton, New Zealand based company, Collett’s Corner, has secured its NZ$300,000 minimum goal during its PledgeMe equity crowdfunding campaign. At this writing, over NZ$355,700 has been raised by more than 190 investors for the community-minded property development. The campaign aims to raise NZ$2 million for 80%… Read More
Hacked cryptocurrency exchange Cryptopioa has been given a green light to re-open its platform, according to a report in The New Zealand Herald. Authorities of the local Police’s High Tech Crime Group are quoted on the permission. Detective Inspector Greg Murton stated: “We have finished the… Read More
GlobexUS Holdings, parent of Horizon Globex US, has inked an agreement with First Growth Funds Limited (ASX:FGF) to power regulatory compliant security tokens in both Australia and New Zealand. First Growth Funds trades on the Australian Stock Exchange and is a micro-cap with a market… Read More
Police in New Zealand have issued a press release stating their investigation of a prolonged hack on the Cryptopia cryptocurrency exchange, “is progressing well and advancing on several fronts.” But according to online publication Stuff, Auckland University associate professor of commercial law, Alex Sims, has contradicted those… Read More
Researchers at blockchain forensics firm Elementus who extensively documented the days- long, $16 million USD hack against New Zealand-based crypto exchange Cryptopia two weeks ago now claim that the same hacker has struck again at Cryptopia. According to Elementus, “Though Cryptopia remains silent…” about the… Read More
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