Blockchain marketplace startup CanYa raises $12 million in Australia’s second-largest initial coin offering

Blockchain-based services marketplace CanYa has completed Australia’s second-largest initial coin offering (ICO), raising $12 million in cryptocurrency Ethereum over a 30-day period via a crowdsale of its CAN tokens. During that period, the 2015-founded startup also completed the acquisition of a majority stake in online bug bounty platform BountySource for an undisclosed amount, taking the platform’s 46,000 … Read more

FINTECH STARTUP AIRWALLEX SEES SERIES A CAPITAL RAISE SOAR TO US$19M AFTER TOP-UP INVESTMENT

Cross-border payments startup Airwallex has received a US$6 million investment from VC firm Square Peg, bringing its total Series A capital raise to US$19 million The Melbourne-based fintech company previously closed its Series A funding round in May, having raised a combined US$13 million from Mastercard, Sequoia Capital China and the world’s fourth largest internet company, Tencent … Read more

“INNOVATION WILL FLOURISH” IN THE DIGITAL CURRENCY SECTOR AS ANTI-LAUNDERING LAWS PASS

The passage of anti-money laundering legislation through Parliament on Thursday will facilitate further growth in Australia’s local blockchain and digital currency industry, according to local fintech leaders.  The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017 will extend anti-money laundering and counter-terrorism financing regulation to digital currency exchanges. The legislation requires these exchanges to monitor … Read more

Down in ‘crypto valley’: Is the Swiss town of Zug blockchain paradise, or just a “bit half-baked”?

With startupland currently inundated with hype around initial coin offerings, Bitcoin forks, and disruptive new blockchain companies, one startup veteran says the Swiss town of Zug — recently coined as ‘crypto valley’ — might not be all it’s cracked up to be. Zug is the home of the foundation behind second-largest cryptocurrency Ethereum, which can be thanked … Read more

Why the RBA would want to create a digital Australian dollar

The Reserve Bank of Australia could join the likes of Estonia and Lebanon in creating a cryptocurrency based on the Australian dollar, to reap the benefits of technology like the blockchain but with more stability than other well known currencies like Bitcoin. The RBA has already been approached by interested startups to create this new digital currency, known as … Read more