The creator of Ethereum thinks blockchain tech could steal business from Visa in a ‘couple of years’

The ethereum network could pose a real challenge to large financial institutions like Visa as soon as next year, according to Vitalik Buterin, the creator of the ethereum blockchain. In a Q&A with AngelList founder Naval Ravikant at TechCrunch Disrupt on Monday, Buterin said that security is the biggest challenge to bringing blockchain technologies into … Read more

TURNBULL GOVERNMENT CRACKS DOWN ON PHOENIX DIRECTORS

Company directors will be issued with unique identification numbers as part of Federal Government reforms designed deter and penalise directors who engage in illegal phoenixing activity. The reforms were announced this week by Minister for Revenue and Financial Services, Kelly O’Dwyer, who said illegal phoenixing – the stripping and transfer of assets from one company … Read more

Australian startups CurrencyVue and Assembly Payments selected to develop global fintech solutions at Singapore competition

Two Australian fintech startups will be showcasing their skills on a global stage in Singapore next week, having been selected among five finalists to take part in a global fintech industry challenge. CurrencyVue and Assembly Payments beat out nearly 70 entrants from around the world to take part in the SWIFT gpi Industry Challenge, which … Read more

BITCOIN ATMS TO BE ROLLED OUT ACROSS AUSTRALIA

Australian ATM provider Stargroup has entered into a joint venture with blockchain technology company DigitalX to roll-out ‘two-way’ Bitcoin ATMs across its global network, commencing with Australia. At present, there are only 16 ATMs in Australia that can facilitate a Bitcoin transaction. A vast majority are one-way ATMS, meaning users can only acquire Bitcoin to … Read more

GRUELLING IPO PAYS OFF FOR DREAMSCAPE, COO REVEALS

It’s been a gruelling 12 months for online solutions provider Dreamscape (ASX: DN8) which just released its maiden full year result. Thankfullly the company, which owns Australia’s Crazy Domains and Singapore’s Vodien Internet Solutions, posted a record year across all key metrics. During FY17, managing director and CEO Mark Evans, along with Crazy Comains COO … Read more

INABILITY AMONGST AUSSIE SMES TO ACCESS CREDIT ‘DEEPENS’ ECONOMIC DOWNTURNS, SLOWS RECOVERY

The growth of SMEs is being significantly restricted by their inability access credit readily, according to the results of a survey commissioned by fintech lender GetCapital. The Businessloans.com.au Small Business Credit survey was completed by 611 SMEs, defined as businesses with between 5 and 250 FTE, with an average minimum revenue between $50,001 and $250,000. It revealed that … Read more