Category Archives: Australia

Coinspot and NEM collaborate to support ecosystem growth in cryptocurrency and blockchain in Australia

Coinspot and NEM collaborate to support ecosystem growth in cryptocurrency and blockchain in Australia The NEM.io Foundation, creators of the peer-to-peer NEM blockchain platform and the XEM cryptocurrency, announced a collaboration with one of Australia’ most popular digital currency exchange, Coinspot, which has over 100 digital currencies on its platform, including XEM. NEM.io Foundation is… The post Coinspot and NEM

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Twitter Takes a Swing at Former Cricketer for ICO Endorsement

Another day, another celebrity-endorsed ICO. This time, it’s one of Australia’s most well-known cricketers, Michael Clarke. However, cricket fans on Twitter have their own take. Many believe that celebrities lend a certain degree of credence and authenticity to the brands that they endorse. This authority will, in theory, encourage the masses to whip out their wallets and buy the product. This

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Australia’s Biggest Bank Launches World’s First Blockchain Bond With World Bank

Australia has maintained a Blockchain-friendly position with its government-backed exploration of Blockchain technology for various applications. Now, it is getting ready to issue the world’s first Blockchain bond upon being mandated by the World Bank. Australia to Create Distributed Ledger Bonds The Commonwealth Bank of Australia (CBA) will reportedly create, allocate, transfer and manage the bond using Blockchain technology. The

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‘Time Traveler’ Millionaire Wants to Open Australia’s First Cryptocurrency Bank

While some major banks have refused to go near anything related to virtual currencies, Australia might see its first cryptocurrency bank in the not-too-distant future. That’s if one of the country’s leading entrepreneurs, Fred Schebesta, can make his goal a reality. According to News.com, the founder of the country’s leading comparison website, Finder, is not deterred by the industry’s volatility.

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Finder.com co-founder plans crypto bank in Australia

Entrepreneur Fred Schebesta, known for having co-founded the Finder.com website, is interested in opening a cryptocurrency bank in Australia. He rightfully believes that crypto is gaining in popularity and that there is an increasing need to have a financial institution that can cover the space, asserting that there is no crypto bubble, as many seem to claim. He points out

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Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTC

In recent news pertaining to virtual currency exchanges, Coinjar has launched Australia’s first cryptocurrency index fund; Square’s latest quarterly report has revealed that company is executing its crypto trades via the over-the-counter (OTC) markets rather than “public cryptocurrency exchanges;” and Poloniex has launched EOS pairings. Also Read: SEC Has No Jurisdiction to Look at Bitcoin for ETF Decision, Admits Commissioner Coinjar

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Queensland, Australia Invests Portion of its $6.1Mil Ignite Ideas Fund in Crypto Startup

Queensland, Australia is giving away millions with its Ignite Ideas fund. This week, it posted details regarding the AUD$8.3 million grant ($6.1 million USD). Something like 70 regional companies shared the bounty, including a cryptocurrency startup, Travelbybit, which managed to snag AUD$100,000 on its way to promoting tourism using crypto.  Also read: Bitcoiners Hope to Have a Friend in Top

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Bitcoin BCH most spent cryptocurrency in Australia’s crypto-friendly airport

Bitcoin Cash (BCH), the world’s functional cryptocurrency, is found to be the most spent cryptocurrency at the Brisbane International Airport, the world’s first airport to accept payments in cryptocurrency. Provided in partnership with Australian payments company TravelbyBit, the scheme allows customers at Brisbane International Airport to pay by any of a choice of supported cryptocurrencies. As of August 1, Bitcoin

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Queensland to Become a Hotspot for Crypto Spenders

Enjoying the beautiful coastal state of Queensland in Australia just got easier for cryptocurrency holders. More and more merchants in the area are accepting virtual currencies as payment and in doing so, are assisting the state in growing its tourism sector. Whether you’re getting geared up for the Great Barrier Reef or hoping to veg out on Vegemite, Australia is

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Australian State Grants Crypto Startup $100k to Boost Tourism

Australia’s Queensland state government has awarded a $100,000 grant to a crypto travel experience startup, a government official announced on Wednesday. The company, TravelbyBit, designs “tourist routes” on which travelers can spend crypto, and also provides a crypto payments platform for merchants. “Tourism is one of Queensland’s most important industries,” Innovation Minister Kate Jones said in a statement. She added:

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