Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 211 - 220 of 253 results for "Cryptocurrency"

Increased customers, incoming crypto: Raiz

ALLY SELBY  |  MONDAY, 20 APR 2020
... businesses contract, mobile investment platform Raiz has seen an influx of customers as it prepares to launch a cryptocurrency product. In the first three months of 2020, Raiz saw an increase of 3741 customers, despite global market volatility and macro ...

Blockchain startup raises $68m, ordered to return funds

ALLY SELBY  |  FRIDAY, 21 FEB 2020
... startup told investors it would use the funds to develop a digital trading platform and a data marketplace for cryptocurrency-related data. The company also planned to use the funds to develop a marketplace for other types of data as well, dubbed the ...

RBA crushes hopes of Libra launch

ALLY SELBY  |  FRIDAY, 10 JAN 2020
The Reserve Bank of Australia will not allow tech giant Facebook to launch its cryptocurrency Libra in Australia until all risks and regulatory requirements have been mitigated. And even if these regulatory requirements were met there wouldn't be ...

ASIC takes action against former AMP adviser

HARRISON WORLEY  |  THURSDAY, 5 DEC 2019
... investor funds for their own use, including "substantial" payments to friends and family and "the promotion of cryptocurrency". ASIC has obtained interim orders to appoint receivers to MyWealth Manager Financial Services, restrain the assets of the defendants ...

China backs blockchain, Bitcoin soars

ELIZA BAVIN  |  TUESDAY, 29 OCT 2019
... according to a report from the country's official Xinhua News Agency. The comments come after China banned all cryptocurrency and Initial Coin Offerings in 2017, with the nations' central bank, the People's Bank of China (PBOC), working on its own digital ...

Fintech off to slow start in 2019: KPMG

KRISTI CHENG  |  TUESDAY, 6 AUG 2019
... likely to increase as these platforms look for ways to survive and gain market share. Facebook's introduction of its cryptocurrency, Libra, revived interest in cryptocurrencies, with a number of global companies buying into it though there are still ...

Beware tech firms in financial services

ELIZABETH MCARTHUR  |  MONDAY, 24 JUN 2019
... their large customer bases. The warning comes after Facebook launched its own digital wallet and blockchain powered cryptocurrency as part of a new financial services subsidiary for the company called Calibra. Risks identified by the BIS include financial ...

Facebook to launch own currency

HARRISON WORLEY  |  WEDNESDAY, 19 JUN 2019
The social media giant revealed plans for its first financial services product, a digital wallet and its own cryptocurrency. Facebook is set to launch its own digital wallet in 2020, to allow people to access and participate in the Libra network, Facebook's ...

ATO demands crypto data

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
The Australian Tax Office is reminding cryptocurrency owners and traders they are required to keep records and obtaining records of between half a million to a one million individuals involved in the cryptocurrency market. The ATO announced a new data ...

Beware blockchain: ANZ

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
... Commonwealth Bank was ramping up its blockchain projects. Blockchain is a system in which a record of bitcoin or other cryptocurrency transactions are maintained across multiple computers through a peer-to-peer network. The technology that makes this ...