Australia: The Most Innovative Blockchain Adopter in the World?

  • Over the past year, Australia has emerged as one of the world’s proponents for everything blockchain, including support from government officials and institutions – all in the height of what could be the most delicate and scrutinized stretch for the industry.
  • In fact, back in March 2017, before the industry was at the forefront of the global media, the Australian government committed $350,000 in public funds over a four-year period to support the development of blockchain technologies.
  • In early 2017, Horizon State tested the technology in for Australia’s MiVote membership, validating the technology with 4 nationally inclusive polls that committed thousands of votes to the Ethereum public blockchain.
  • – Jamie Skella, Horizon State Co-Founder – – Best known as Australia’s first ICO, Perth-based Power Ledger, a solar energy trader,attracted over 15,000 buyers in an ICO that raised nearly $27 million USD – making it one of the most successful fundraises in the industry’s history.
  • – Jemma Green, Power Ledger Co-Founder – – IBM has teamed up with many international banks, one of which being Australia’s National Australia Bank, to help speed up cross-border payments in remote places.

One word can be used to describe the state of blockchain and cryptocurrencies in Australia: progressive. Over the past year, Australia has emerged as one…
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Smart Investment for the Middle Class: BitShares

  • Every day there seems to be a new story about an average Joe who bought some Bitcoin years ago for a few hundred dollars and turned that small investment into a fortune, buying a new house, car or retiring early.
  • Fortunately, the cryptocurrency sector is overflowing with opportunity and there may just be the “next Bitcoin” waiting to take off!
  • The cryptocurrency BitShares could potentially be the next “Apple” or “Bitcoin” and it is currently trading for less than $0.15!
  • BitShares offers some unique features and at this price could be the next life changing investment.
  • These features include price-stable cryptocurrencies, custom user issued assets, the creation of Distributed Autonomous Companies (DAC) and the BitShares Decentralized Exchange (DEX).

Bitcoin and other cryptocurrencies have been on a tear lately, with many of the digital tokens hitting all-time highs. Many investors have been making fo…
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Digital currency ethereum crashes below $200 to hit 40-day low; down 50 percent since all-time high

  • Ethereum’s price slipped below $200 for the first time since May 30, continuing its fall for a second consecutive session on Tuesday.
  • The cryptocurrency has now fallen more than 50 percent since registering all-time highs of over $400 in early June.
  • The cryptocurrency saw significant fluctuations throughout the trading session on Tuesday, recovering from heavy losses in early morning deals to trade 11 percent lower at $198.14 shortly before 4 p.m. London time.
  • Both ethereum and bitcoin have hit record highs in recent months, with the latter moving almost 1 percent higher on Tuesday trading at $2,393, according to Coindesk.
  • Like bitcoin, ethereum is a cryptocurrency built on blockchain technology.

Ethereum’s price slipped below $200 for the first time since May 30, continuing its fall for a second consecutive session on Tuesday.
Continue reading “Digital currency ethereum crashes below $200 to hit 40-day low; down 50 percent since all-time high”

Digital currency Ethereum crashes below $200 to hit 40-day low; down 50 percent since all-time high

  • Ethereum’s price slipped below $200 for the first time since May 30, continuing its fall for a second consecutive session on Tuesday.
  • The cryptocurrency has now fallen more than 50 percent since registering all-time highs of over $400 in early June.
  • The cryptocurrency saw significant fluctuations throughout the trading session on Tuesday, recovering from heavy losses in early morning deals to trade 11 percent lower at $198.14 shortly before 4 p.m. London time.
  • Both Ethereum and bitcoin have hit record highs in recent months, with the latter moving almost 1 percent higher on Tuesday trading at $2,393, according to Coindesk.
  • Like bitcoin, Ethereum is a cryptocurrency built on blockchain technology.

Ethereum’s price slipped below $200 for the first time since May 30, continuing its fall for a second consecutive session on Tuesday.
Continue reading “Digital currency Ethereum crashes below $200 to hit 40-day low; down 50 percent since all-time high”

Cryptocurrency exchange to credit traders for ethereum ‘flash crash’

Cryptocurrency exchange to credit traders for ethereum 'flash crash' - CNBC  #Crypto #BitCoin

  • Some traders who lost money in this week’s ethereum “flash crash” are going to be credited for their losses, the GDAX cryptocurrency exchange announced on Friday.
  • In a blog post on Friday, vice president Adam White said the exchange was “confident all trades this week were executed properly, however, some customers did not receive the quality of service we strive to provide and we want to do better.”
  • Therefore, the GDAX will create a process to credit customer accounts which experienced a margin call or stop loss order as a result of that crash, he said.
  • However, White noted that the exchange will honor all buy orders filled during that time.
  • “We view this as an opportunity to demonstrate our long-term commitment to our customers and belief in the future of this industry,” White said.

The GDAX is “confident” traders were executed properly, however, some customers did not receive the quality of service it strives to provide, its VP said.
Continue reading “Cryptocurrency exchange to credit traders for ethereum ‘flash crash’”

Cryptocurrency exchange to credit traders for ethereum ‘flash crash’

  • Some traders who lost money in this week’s ethereum “flash crash” are going to be credited for their losses, the GDAX cryptocurrency exchange announced on Friday.
  • In a blog post on Friday, vice president Adam White said the exchange was “confident all trades this week were executed properly, however, some customers did not receive the quality of service we strive to provide and we want to do better.”
  • Therefore, the GDAX will create a process to credit customer accounts which experienced a margin call or stop loss order as a result of that crash, he said.
  • However, White noted that the exchange will honor all buy orders filled during that time.
  • “We view this as an opportunity to demonstrate our long-term commitment to our customers and belief in the future of this industry,” White said.

The GDAX is “confident” traders were executed properly, however, some customers did not receive the quality of service it strives to provide, its VP said.
Continue reading “Cryptocurrency exchange to credit traders for ethereum ‘flash crash’”

UK is capital of Europe for fintech unicorns

  • Britain houses four fintech “unicorns” – companies valued at $1bn (£780m) or more – with a combined valuation of $18.5bn, according to a report by the technology investment bank GP Bullhound.
  • London has emerged as Europe’s fintech capital in recent years, with a swell of high-profile start-ups attempting to shake up the financial sector.
  • However, the report showed that both Europe and the US are lagging behind China as a hub for fintech.
  • Funding to Asian fintech companies surged to $7.1bn last year, more than in the US and Europe between them.
  • Investors put $4.6bn into American fintech firms against $1.4bn in Europe.

The UK dominates the European financial technology industry, with figures showing it boasts more billion-dollar fintech companies than the rest of the continent put together.
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