Melbourne cryptocurrency startup Banxa is shedding 30% of its staff amid the current digital assets crash and a plunging share price. The fintech, founded in 2014 and listed in Canada on the Toronto Stock Exchange’s Venture Exchange in January 2021 (TSXV:BNXA). Banxa claims to be “one of the fastest growing fiat (cash) to Web3 solutions… Read more »
If you spend any time among the cryptocurrency community you’ll come across the mantra “HODL”. Originally a typo for “hold” on a Bitcoin forum, it has become all-purpose advice to anyone looking at the day’s price fluctuations and thinking of selling their assets. To HODL is to trust the process and keep your eyes on… Read more »
Consumer group CHOICE is calling on the federal government to ramp up protections for mum and dad investors amid research that a fifth of all Australians are interested or have invested in cryptocurrency, with 12% – 1 in 9 – buying digital coins in the last 12 months. A CHOICE revealed that a majority of… Read more »
Well before bitcoin’s coronation as an alternative asset class or getting the attention of institutional and celebrity investors, it lived in swamps and deserts. It was only an experiment between cypherpunks & cryptographers without any market value or any real world applications. On May 18, 2010 – after 14 months from Bitcoin genesis block –… Read more »
Over the course of a few days last week, we saw what was perhaps the most dramatic flame-out in the history of cryptocurrencies. Just a few weeks earlier, Terraform Labs the creators of the TerraUSD and Luna cryptocurrencies, was riding high. Luna was valued at US$86 per token on 5 May – down from the… Read more »
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 »
The man who bought an NFT of Twitter co-founder and former CEO Jack Dorsey’s first ever tweet for nearly $4 million tried to auction it for $65 million – but the highest bid came in at less than $400. Sina Estavi, CEO of Malaysian blockchain company Bridge Oracle, famously jumped at the opportunity to buy a copy… 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 »
Credit card giant Visa has launched an immersive program to help arts sector creators tackle the potential of NFTs The Visa Creator Program aims to help digital-first artists, musicians, fashion designers, and filmmakers build their business through non-fungible tokens (NFTs). The program will help arts-based entrepreneurs deepen their understanding of the technology and platforms underpinning NFT… Read more »
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 »
Digital broker Stake is joining competitors such as Superhero and the Commonwealth Bank to offer cryptocurrency investing on its platform. The move to embrace crypto follows research commissioned by the platform last year that revealed crypto was second only to stocks in the portfolio for Australian investors under 40. Last November, CBA announced plans to… Read more »
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