money plant grow
Cryptocurrency

Asset manager Victor Smorgon just bought carbon credits using ANZ’s stablecoin

- June 28, 2022 2 MIN READ

Melbourne family investment firm Victor Smorgon Group (VSG) has pioneered another digital transaction using the ANZ bank’s stablecoin, A$DC, this time buying carbon credits. VSG used A$DC to purchase the BCAU carbon tokens from Zerocap, an Australian crypto asset investment platform, via BetaCarbon, which tokenises Australian Carbon Credit Units (ACCUs) into digital tokens, with each representing… Read more »

Ben Wylie
Other tech

Two ex-Deloitte partners are rewriting the rules for backing web3 and blockchain projects

- June 17, 2022 2 MIN READ

Sixtree founders Ben Wylie and Yamen Sader have left their roles at big four consultancy firm Deloitte Australia to launch their own “engineering for equity” startup, Lab Eleven.  It marks a full-time return to entrepreneurship for the duo six years after Sixtree, a software engineering shop, was absorbed by Deloitte in 2016, and they took… Read more »

Colette Grgic, Head of Startup BD, AWS at the Startups in the Web3 World segment at AWS ANZ Summit 2022
Global tech

“We’re rethinking everything”: How Web3 is helping startups disrupt existing models and create the impossible

- June 9, 2022 4 MIN READ

Whether you’re just stepping into Web3, or you’ve been busy paving roads for a while now, there’s no denying that it’s a vast and often confusing place to be. “We are literally rethinking everything from the ground up,” Colette Grgic, Head of Startup Ecosystem, AU & NZ  for AWS said at the recent Startups in… Read more »

Funding

Brisbane DeFi reputation startup raises $6.7 million seed round

- April 13, 2022 2 MIN READ

Brisbane startup Reputation DAO, which is looking to help decentralised finance (DeFi) platforms address reputation in order to reduce the collateral required for borrowing, has raised a US$4.75  million (A$6.72m) seed round. The startup was backed by Sydney VC AirTree Ventures, DACM,  Koji Capital and Framework Ventures. Reputation DAO is building the fundamental infrastructure, powered… Read more »

greek god
Other tech

Australian researchers have developed a new algorithm to build better blockchains

- April 6, 2022 2 MIN READ

A global team of researchers, including from Monash University, have developed a new algorithm that will enable building more resilient, efficient, and faster blockchains. The algorithm is a new Byzantine Fault Tolerance (BFT) consensus protocol, which is used to overcome faults and avoid system failures, especially in blockchain applications. The higher the fault tolerance the… Read more »

Andrew Bragg
Cryptocurrency

Senator Andrew Bragg calls for a single act for the Australian government to regulate crypto and blockchain

- March 21, 2022 7 MIN READ

It has been nearly a year since I last addressed Blockchain Australia Week. When I made that address, I  announced that the Select Committee which I Chaired – then called the Senate Select Committee on  Financial Technology and Regulatory Technology – would be extended under new Terms of Reference.  These Terms of Reference would focus… Read more »

Funding

Zip co-founder Larry Diamond backs DeFi startup tiiik in $5.2 million seed round

- February 22, 2022 2 MIN READ

Australian DeFi startup Tiiik has raised $5.2 million in a Seed round backed by some leading fintech founders, including Zip’s Larry Diamond. The raise was co-led by Global Founders Capital and FinTech Collective, supported by DACM, B Digital, Decision Tree Capital, Investible, LedgerPrime, Ox Ventures, Athena Ventures, Double Peak, Valhalla Capital, Parsiq, Gate.io, NxGen and… Read more »

Vincent Gramoli
Other tech

Redbelly Blockchain spins out of University of Sydney and CSIRO as a high-speed commercial solution

- December 21, 2021 2 MIN READ

Redbelly Blockchain, an Australian blockchain developed by the University of Sydney and CSIRO, has spun out as a commercial enterprise, Redbelly Network, in a joint venture with blockchain venture studio Block8. Redbelly, unveiled in 2018 as the world’s fastest blockchain, says it is now also significantly safer and more corruption-proof than other blockchains in commercial… Read more »

Topics

Blockchain-based MODA is looking to give indie musicians more control over how they get paid

- December 10, 2021 3 MIN READ

An Australian-made decentralised autonomous organisation (DAO) is hoping to re-shape the music industry for Web3 by giving independent musicians more transparency and control over how they get paid for their art. MODA DAO is a not-for-profit foundation looking to build a modern music ecosystem using blockchain technology. The associated coin MODA landed on distributed exchange… Read more »

unicorn dog
Startup Daily TV

Startup Daily TV: All about NFT Fest, the new, free, day-long deep dive into non-fungible tokens this Thursday

- September 29, 2021 2 MIN READ

A world-first Australian event delving into the emerging space of non-fungible tokens (NFTs) is being held online this Thursday, September 30. NFT Fest features more than 45 speakers from across Australia and the world with a range of panel discussions and debates about developing and delivering NFT technology solutions and the potential for startups, marketplaces… Read more »

gaming
Startup Daily TV

Startup Daily TV: Meet Immutable, the gaming startup making NFTs easier to trade

- September 15, 2021 2 MIN READ

Sydney gaming startup Immutable is hoping to become the world’s leading trading platform for non-fungible tokens (NFTs) after raising $82 million in a series B. The business, founded by brothers James and Robbie Ferguson, in 2018, already has a reputation for its NFT games, Gods Unchained and Guild of Guardians and earlier this year launched… Read more »

James and Robbie Ferguson
Funding

Gaming startup Immutable raises $82 million series B for Ethereum NFT trading play

- September 15, 2021 3 MIN READ

Sydney gaming startup Immutable has raised A$82 million to ramp up its Ethereum-based trading platform in non-fungible tokens (NFTs). The round was co-led by California’s BITKRAFT Ventures and Sydney’s King River Capital. Other backers include AirTree Ventures, Prosus Ventures, Galaxy Interactive, Fabric Ventures, FTX, Reinventure, Apex Capital, and VaynerFund. The raise comes two years after… Read more »

Fintech

The RBA is working on a central bank digital currency with Malaysia, Singapore and South Africa

- September 3, 2021 2 MIN READ

Project Dunbar will develop prototypes for shared platforms that will enable international settlements with digital currencies issued by multiple central banks. A blockchain-based system will hopefully cut transaction costs and times. The results will feed into plans for global and regional platforms and the G20 roadmap on better cross-border payments. The Reserve Bank of Australia… Read more »

Karen Cohen
People

YBF now has a blockchain expert in da house

- August 31, 2021 2 MIN READ

YBF Melbourne has appointed a blockchain expert-in-residence to help startups better understand the potential of distributed ledger technology. Karen Cohen, deputy chair of the Blockchain Australia Board, has taken on the role, and when the city’s latest lockdown hopefully lifts soon, she’ll be based at the Melbourne CBD co-working facility, where she will offer advice, introductions,… Read more »

Leigh Travers
People

DigitalX boss Leigh Travers is leaving the ASX-listed blockchain company to become CEO of Binance Australia

- August 30, 2021 2 MIN READ

Digital currency exchange Binance Australia has appointed Leigh Travers, the former CEO of ASX-listed blockchain company DigitalX, as its new Executive Officer. Travers spent seven years at DigitalX. He previously created a tech and investment professionals startup hub in WA and has served on the board blockchain industry body, Blockchain Australia. Travers has provided technical,… Read more »