Cryptocurrency platform Block Earner has raised $8 million in a Series A amid its ongoing battle with the corporate regulator ASIC. The round was led by Hong Kong crypto investor CMCC Global’s Titan Fund, and supported by Sydney VC King River Capital at a $75 million valuation. The fintech previously raiseed a $7 million Seed… Read more »
Bitcoin is ubiquitous. It is impossible to open a social media stream or news source without encountering yet another mention of the topic. Many Australians have invested, hoping for a good return. But they may not have considered the tax consequences of their investments. So some might be in for an unexpected surprise. The tax… Read more »
Bitcoin is now above US$90,000. While many view the surge in the context of the US elections, shifts in monetary policy and everything in between – the real story runs somewhat deeper than graphs, Paul Quickenden argues. Here’s his view on why this bull run unique and the lessons for tech innovators. An institutional and… Read more »
Australian computer scientist and debunked Bitcoin ‘inventor’ Craig Wright has been accused of contempt of court after filing a $1.79 billion lawsuit against payments firm Block. Despite a storied early career in Australia’s IT industry, Wright is most known for his unwavering and controversial claim of having invented leading cryptocurrency Bitcoin under the pseudonym Satoshi Nakamoto. The… Read more »
Digital asset funds management firm DigitalX has received Australian Securities Exchange (ASX) approval for the listing of its DigitalX Bitcoin ETF. The company (ASX:DCC) will now offer one of the first listed spot Bitcoin ETFs, providing direct exposure to digital assets on the exchange. CEO Lisa Wade said the DigitalX Bitcoin ETF (ASX:BTXX) will provide… Read more »
As the urgency of climate change ramps up, focus is increasing on digital currencies to address their environmental impact. According to industry forecasts, the global cryptocurrency market is expected to surge to US$4.94 billion by 2030. But the process of mining digital currencies such as Bitcoin requires immense computational power – causing a significant drain… Read more »
A UK judge has ruled Australian businessman Craig Wright forged documents and lied repeatedly to support his long-running claim of being Satoshi Nakamoto, the inventor of Bitcoin. Wright has notoriously professed the pseudonymous title under a years-long claim of having created leading cryptocurrency Bitcoin – fuelling tenuous conflicts among the crypto community as he launched lawsuit after… Read more »
Ever since the Titanic was found, the world has held few mysteries. The whereabouts of the 239 souls tragically lost aboard MH370 is one. That MAFS is now in a 10th season and rating well is a personal one. Another, since 2008, is who is Satoshi Nakamoto, the author of a white paper on the… Read more »
Regulation of Australia’s cryptocurrency sector remains a distant possibility, despite a catastrophic 12 months for the industry, after a government-dominated committee preferred to kick the can further down the road rather than embrace a private senator’s bill on the issue from opposition senator Andrew Bragg. The Senate Economics Legislative Committee, chaired by Labor’s Jess Walsh,… Read more »
Finder conducts a quarterly survey of 53 crypto experts They predict bitcoin will end 2022 at US$25,473 10% say its time to sell out, 50% buy 70% think ‘winter’ will continue until at least 2023 Interest rates and the Terra collapse are to blame. Australian cryptocurrency experts have cut their predictions on the value 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 »
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 »
John Maynard Keynes (1883-1946) was the greatest economist of the twentieth century. Less well known is that he had a parallel career as a successful investor: fairly successful early in his career, and spectacularly successful later on when he changed his strategy. After the first world war, his income depended more on his investments than… Read more »
Australian computer scientist and self-proclaimed inventor of bitcoin Craig Wright has survived a lawsuit that would have seen him hand over half of a 1.1 million Bitcoin fortune – today worth around $71 billion – to the family of former business partner David Kleiman. Wright was, however, ordered to pay US$100 million in damages to… Read more »
As it hits new highs, there is no shortage of bold predictions about Bitcoin reaching US$100,000 or more. Often these are based on not much more than extrapolations by people with vested interests: the price has gone up a lot so it will keep going up. If it gets above its previous high, it must… Read more »
Daily startup news and insights, delivered to your inbox.
