The Reserve Bank of Australia (RBA) remains sceptical about the need to introduce a fully digital dollar as it looks to begin an eAUD trial early next year. In a speech to a banking conference last week, Assistant RBA Governor Brad Jones said it remained unclear exactly what purpose a central bank digital currency (CBDC)… Read more »
Police in the Bahamas have arrested the founder of collapsed cryptocurrency exchange FTX after criminal charges were filed in the US. Sam Bankman-Fried, who goes by the name SBF, was head of the company that was valued at $47 billion before speculation FTX was running insolvent led to a liquidity crunch that ultimately brought down the exchange… Read more »
When cryptocurrency exchange FTX Group collapsed in the Bahamas last month, its local subsidiaries FTX Australia Pty Ltd and FTX Express Pty Ltd fell over too. The Australian companies were placed into administration on November 11 and within days the Australian Securities and Investments Commission (ASIC) had suspended the Australian financial service licence FTX Australia… Read more »
Dear financial industry, I don’t know how to put this any more simply than; screen scraping for banking data is dead. It’s time to move over to Open Banking. This has been a long time coming, and for the fintech industry, this should not come as a surprise. Screen scraping, web connectivity, Digital Data Capture… Read more »
Anthony* (a friend) called a few weeks ago, deeply worried. A deputy principal of a high school in Queensland, over the past year he spent hundreds of thousands of dollars buying cryptocurrencies, borrowing money using his home as equity. But now all his assets, valued at A$600,000, were stuck in an account he couldn’t access.… Read more »
Four years since launching, UTS Startups has just accepted its 1,000th startup, but why does this matter and why is it critical to the future of universities? As technology improves, transaction costs decline, and we end up with a larger number of smaller companies. This macro trend is undeniable and will increase from here, changing… Read more »
We’ve all had some kind of interaction with a chatbot. It’s usually a little pop-up in the corner of a website, offering customer support – often clunky to navigate – and almost always frustratingly non-specific. But imagine a chatbot, enhanced by artificial intelligence (AI), that can not only expertly answer your questions, but also write… Read more »
After a severe electrical storm damaged an ATSpace rocket on the launch pad in November, the company has announced that repairs have been completed and they will attempt another launch in the coming weeks, followed by another already planned launch of a second rocket. ATSpace CEO Dr Yen Sen Chen said they were pleased to… Read more »
When my alarm goes off an hour before sunrise, I’m always deeply asleep and I never spring out of bed, full of energy, ready to face the day. But I get up, change into my exercise gear, and drive to meet my personal trainer, Maddie, no matter how I feel. I don’t do it because… Read more »
The federal government has begun the formation of its flagship $15 billion manufacturing fund, with legislation introduced to Parliament and discussions with industry to kick off next week. The National Reconstruction Fund, a key election pledge from Labor, will provide funding to tech areas including medical science, renewables and low-emission technologies, and critical technologies such… Read more »
It’s not very often that I sit back and acknowledge how far I have come in the last 2.5 years. I have grown as a person, met some incredible people and wake up everyday LOVING what I do. The story Prior to the conversation and purchase of said $40 poster, I had spent the previous… Read more »
So far over 10 million patients worldwide have benefited from the diagnostic tests for cancer and infectious diseases created by Cicada Innovations incubatee, SpeeDx. In Australia, over 80% of laboratories are also using at least one SpeeDx test to report patient samples. And when COVID-19 hit, the company also manufactured COVID-19 tests and supplied them… Read more »
Three weeks ago, we received an influx of incredibly helpful feedback from founders after Paul Bassat reached out to the community via this LinkedIn post. One recurring theme in the feedback that resonated with me was: telling founders you invest early is actually not that helpful. Founders asked: what does ‘early’ mean? What does ‘seed… Read more »
The world is under growing pressure to find sustainable options to cut emissions or lessen the impacts of climate change. Technology entrepreneurs from around the globe claim to have the solutions – not just yet, but soon. The biotech sector in particular is now using climate change as an urgent argument for more government funding,… Read more »
This book speaks to a disenchanted present. The heady days of internet 2.0, with its anarchic disruption, empowered prosumers, flat hierarchies and sharing economies, are well behind us now. So too is the glamour of start-ups and creative entrepreneurs, remaking the self through pure willpower while transforming capitalism from the inside out, one almond latte… Read more »
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