Australia

Aussie Crypto Unicorn Raises $160M Funding From ‘Big Four’ Bank

Aussie Crypto Unicorn Raises $160M Funding From ‘Big Four’ Bank

Airwallex, a member of Australian fintech unicorn and RippleNet, raised $160 million in a funding round led by Australian ‘big four’ bank, ANZ. Also, San Francisco-based cloud software firm, Salesforce. Moreover, it involves the round with current investors Tencent, Sequoia Capital China, DST Global and Horizons Ventures. Taking the sum of $362 million earned by […]

Blockchain in Agriculture

Blockchain for Australian Farmers: A Shield Against Worsening Climate

Australian farmers are all too familiar with dry and erratic weather conditions affecting day-to-day business. Reports over the last 20 years demonstrate that these conditions will only worsen – with an increased climate estimated to have reduced yearly profits by 22%. The current bushfire season has had a disastrous impact on the agricultural industry. NASA […]

australia's judge says crypto is a legitimate investment vehicle

Australian Judge Says Crypto is a Legitimate Investment Vehicle

Crypto is a legitimate investment in Australia says the NSW district court judge. As part of a defamation case in front of the New South Wales, or NSW district court, Judge Judith Gibson allowed cryptocurrency usage as collateral. “This is a recognized form of investment,” Gibson said of cryptocurrency, also acknowledging its volatility, according to […]

australia is to issue blockchain strategy roadmap today

Australia to Release National Blockchain Roadmap Today (7th Feb 2020)

The Australian government is going to launch its national blockchain strategy today on 7th Feb. 2020 after a year-long preparation. It’s almost a year since the country’s Ministry for Industry, Science and Technology, and Ministry for Trade, Tourism & Investment announced the national blockchain strategy roadmap last March. The new policy roadmap aims to make […]

cryptocurrency exchange platform binance

Binance Adds Support for AUD and GBP Faster Payments Service

The cryptocurrency exchange platform, Binance, adds two new features on its platform. First, it enables support for the UK’s faster payments scheme for British Pound (GBP) transfers. Second, it extends its support for the Australian Dollar (AUD) for its direct fiat-to-crypto buying facility. New Features Released by Cryptocurrency Exchange Platform Binance via Banxa According to […]

cryptocurrency in the drug probe

$1M worth of Cryptocurrency in the Drug Probe Seized

Cryptocurrency in the drug probe is nothing new. But the cases are getting new day-by-day. According to news, Australian authorities seize $1Million worth of cryptocurrency just a few hours back. The Western Australia Police Force is the first to take the action quickly. In doing so, the police arrest a 27-year old man and a […]

blockchain-based solar energy trading

India Partners with Australia to Pilot Blockchain-based Solar Energy Trading

Blockchain-based solar energy trading initiatives confirm that blockchain will soon enter into the energy sector. According to new findings, India plans to take the initiative first. And thus, the country seeks help from an Australian blockchain energy company Power Ledger. If this plan of India goes successful, then energy will be redefined by blockchain applications. […]

Crypto Tax Avoidance Schemes

Australia To Investigate Crypto Tax Avoidance Schemes

The Australian Tax Office (ATO), the country’s tax agency, is investigating 12 international crypto tax avoidance schemes. The J5 (The Joint Chiefs of Global Tax Enforcement) announced the crackdown after a recent meeting. The news comes from a report of the country’s daily. The union is planning to pursue 50 global investigations. ATO’s deputy commissioner, […]