The price of Bitcoin has fallen to its lowest point since July last year, dipping toward the $43,000 (US$30,000) mark this week as economic fears spook the cryptocurrency and stock markets. Bitcoin came down off its all-time high of around $91,000 (US$67,000) last November and has since struggled to stabilise in an environment of growing… Read more »
The Russian invasion of Ukraine is an internationally condemned act of aggression currently playing out in real-time which has captured the attention of onlookers globally. That this could happen in 2022, in Europe, under the unblinking gaze of millions of smartphones has shaken many of us to our core. The invasion has led to 4.5… Read more »
Exchange-traded funds provider ETF Securities is launching two funds in an Australian first, allowing people to invest in Bitcoin and Ethereum. The ETFS 21Shares Bitcoin ETF (Code: EBTC), and ETFS 21Shares Ethereum ETF (Code: EETH) will list on Cboe Australia (formerly Chi-X) next week. They will both track the price of the respective cryptocurrency in Australian… Read more »
More than 1.07 million Australians now own at least one cryptocurrency, according to new research from Roy Morgan That’s around 5% of the adult population. While Bitcoin and Ethereum are investor favourites, niche coins such as Ripple, Cardano, Dogecoin, Shiba Inu, Solana, Binance Coin, Litecoin, Cronos, Polygon and other are part of the mix, with… Read more »
Since the invention of Bitcoin in 2009 the global cryptocurrency market has grown from nothing to a value of around US$2 trillion. From a price of US$1 in 2011, Bitcoin rose to an all-time high of more than US$63,000 in April 2021, and now hovers around the US$42,000 mark. Large fluctuations in cryptocurrency prices are… Read more »
It’s not every day you can buy at Australian politician, but digital assets fan and NSW Senator Andrew Bragg is offering someone that chance for good cause. Senator Bragg, who chaired the Senate Select Committee on Australia as a Technology and Financial Centre, advocating that Australia could be a cryptocurrency epicentre and world leader in… Read more »
ANZ bank has minted its own stablecoin, A$DC, becoming the first Australian bank to create its own cryptocurrency with a value pegged to the Australian dollar. The ANZ stablecoin was created for the billionaire Smorgon family’s investment firm Victor Smorgon Group, which was issued with the 30 million A$DC in February. Unlike other popular stablecoins, A$DC… Read more »
The Australian government has released the Terms of Reference for a review into the taxation of digital transactions and assets such as cryptocurrency as part of its ongoing plan to embrace and regulate the digital assets sector. Appearing on Startup Daily TV today, Senator Andrew Bragg, who led the Senate Select Committee on Australia as… Read more »
Decentralised finance startup Minke has raised $650,000 in a pre-seed round to enter the fast-growing DeFi space. The startup is currently part of the Startmate summer cohort and was backed by angel investors Rayn Ong and Quentin Wallace, and ex-Outware Mobile founders Eytan Lenko and Danny Gorog. Co-founders Josh Reyes and Marcos Teixeira met as… Read more »
“We’re not gonna take it”, the 80s anthem by US heavy metal band Twisted Sister, has endured an interesting second life in recent years. It’s currently a rallying cry for Ukrainians resisting Russia’s invasion of the nation and the band’s lead signer, Dee Snider, is with them all the way – while also taking a… Read more »
Harsh economic sanctions were meant to punish Russia for its invasion of Ukraine, but there are already signs that Russia’s government and wealthy oligarchs may be using cryptocurrency to work around Western financial controls. Backed by tax havens around the world including Switzerland and Monaco, direct sanctions on Russian President Vladimir Putin and the wealthy oligarchs that support him have… Read more »
Bitcoin mining venture Arkon Energy has raised $2.6 million in a pre-seed round. The round was led by blockchain investment firm Kestrel0x1, alongside strategic investors, such as trade services and renewable energy products provider, Linked Group Services, as well as other angel investors. The startup is using the funds to scale its bitcoin mining operations… Read more »
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 »
A married couple has been arrested in the US for allegedly possessing and trying to launder 119,754 Bitcoin, today worth $7.4 billion, that were stolen in the 2016 breach of the Bitfinex exchange. The US Justice Department arrested husband-and-wife duo Ilya Lichtenstein, 34, and Heather Morgan, 31, this week for their alleged involvement in laundering… Read more »
Comedian Robin Williams once called cocaine “God’s way of telling you you are making too much money”. This role may now have been overtaken by non-fungible tokens, the blockchain-based means to claim unique ownership of easily copied digital assets. The latest NFT mania involves fantastic amounts of money being paid for “Bored Apes”, 10,000 avatars… Read more »
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