Cryptocurrency exchange Coinstash has raised $4.7 million in a Series A led by an undisclosed Brisbane family office. The eight-year-old digital assets fintech plans to use the cash for platform development, team expansion and user acquisition, with a plan to treble its current customer base. Coinstash CEO Ting Wang said the business has now raised… Read more »
Cryptocurrency exchange BTC Markets is on the hunt for a new CEO after Caroline Bowler she’ll step down in early August after five years in the role. The 12-year-old digital asset exchange, which is used by more than 362,000 Australians who’ve traded in excess of $28.2 billion, has engaged Tier One People’s Dexter Cousins to… Read more »
A B2B platform enabling financial advisers to securely access, trade, and manage digital assets on behalf of their clients has raised $2.3 Million in a pre-Series A. Digital currency exchange BetterX provides institutional-grade infrastructure for tokenisation, trading, and portfolio management, and the round was supported by existing backers Aura Group and Tibra cofounder Kinsey Cotton,… Read more »
The former CEO of the company behind defunct Queensland digital asset exchange Mine Digital has been charged with criminal fraud in the wake of an investigation by corporate regulator the Australian Securities and Investment Commission (ASIC). Grant Colthup, who was CEO of ACCE Australia Pty Ltd, appeared in Ipswich Magistrates Court on Monday charged with… 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 »
If you’ve written a will – and if you haven’t, you may want to consider it – you’ve almost certainly thought about what you would like to happen to your assets, like property, after you pass away. But have you also considered getting your digital affairs in order? As our lives become increasingly digitised, most… Read more »
New innovation and investment firm, Skafold signed on former Blockchain Australia CEO Steve Vallas as its new senior technology advisor. The role is responsible for exploring and advising all Skafold activities related to blockchain, digital currencies, digital regulation and technology more broadly. Skafold’s diverse innovation and investment ecosystem works closely with innovators and entrepreneurs to… Read more »
Corporate regulator the Australian Securities and Investments Commission (ASIC) has sin-binned Sydney firm Holon Global Investments from offering three of its cryptocurrency funds to retail investors for three weeks due to concerns that they’re not suitable for the retail market, with the product disclosure statements pointing out that the funds could end up worthless. The… Read more »
The architect of Australia’s first response to regulating digital assets in Australia has lost patience with the new government, issuing his own draft legislation in a bid to push Labor to act on the issue. Liberal senator Andrew Bragg coauthored a landmark Senate Select Committee report into digital asset regulation last year, investigating issues such… Read more »
The Albanese government is looking to map out Australia’s cryptocurrency landscape, taking a slower approach to digital asset regulation and reform than the former Morrison government. In a joint announcement on Monday by federal treasurer Jim Chalmers, Assistant Treasurer Stephen Jones and competition, charities and treasury assistant minister Dr Andrew Leigh, they said “the first step… Read more »
Corporate regulator, the Australian Securities and Investment Commission (ASIC) is ramping up its oversight of the investment side of the local cryptocurrency market with licences for crypto-asset holders. The regulator has introduced a new “crypto-asset” section in its licensing applications and responsible entities seeking to hold them will need that an authorisation in relation to… Read more »
In 2018 US Senator Orrin Hatch naively questioned how on earth Facebook could sustain a business model in which users don’t pay for a service… Before Mark Zuckerberg politely pointed out that they run advertisements. Just last month US Senator Ted Cruz’s speech went viral when he claimed less than 5% of his colleagues had… Read more »
Digital assets platform Monochrome Asset Management as raised US$1.8 million (A$2.4m) in series A funding as it looks up become the Australian market leader in alternative investment. The round, which values the business at A$20 million, included Wei Zhou, former CFO of Binance, Litecoin creator Charlie Lee, Samson Mow, CSO of Blockstream, and Kain Warwick, founder… Read more »
Public hearings for the Senate Select Committee looking into the potential of cryptocurrencies and digital assets continue this Wednesday, September 8. Fintech Australia, Judo Bank, Afterpay, the ASX, ACCC and ATO among those appearing before the committee, chaired by Senator Andrew Bragg. Ahead of the hearing, Senator Bragg joined Startup Daily show to outline his… Read more »
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