Category Archives: Finance Back

Blockchain startup Havven eyes $31 million in pledged funds for ICO with goal to create crypto’s first “stablecoin”

An Australian blockchain company looking to tackle one of the biggest issues in the cryptocurrency space has received more than $US25 million ($31 million) in pledged funds for its initial coin offering (ICO) at the end of the month. The startup is called Havven, and it is looking to create one of the first successful … Read more

Stuart Stoyan is FinTech Australia’s new chair

Stuart Stoyan, the founder and CEO of Melbourne-based fintech MoneyPlace, which in 2015 became Australia’s second fully licensed marketplace lending platform, has become FinTech Australia’s new chair. He replaces founding chair Simon Cant who has led the the industry group since November 2015. “It’s been an honour to lead the launch of FinTech Australia and, … Read more

Bookkeeping for dummies (book)

Authors: Veechi Curtis and Lynley Averis Do you want to save time, money, and a few grey hairs by establishing efficient bookkeeping practices? This book shows small business owners and bookkeepers how to record day-to-day transactions, understand GST, generate Profit & Loss reports, and so much more. Inside, you’ll get to grips with bookkeeping basics, … Read more

Crowd funding websites given licences to help businesses raise money

THE FIRST seven licences have been issued for crowd-sourced funding (CSF) intermediaries to allow them to provide their services to help unlisted small to medium businesses raise money from investors.2 The Australian Securities and Investments Commission (ASIC) issued the licences under the new CSF regime and it means eligible public companies will now be able … Read more

I tried to buy $1 of bitcoin from a Las Vegas ATM — and it just proves how far bitcoin is from replacing regular money

Some Las Vegas restaurants accept payment in bitcoin, so I decided to try to buy bitcoin from a casino’s bitcoin ATM. I lost all my money. Considering the exorbitant bitcoin ATM fee, I have real doubts as to whether or not bitcoin has a real future as a currency. LAS VEGAS – I’ve been in … Read more

2017 set a record for losses from natural disasters. It could get worse

Insurers are set to pay out a record $US135 billion ($172 billion) to cover losses from natural disasters in 2017, the world’s largest reinsurer said, driven by the costliest hurricane season ever in the United States and widespread flooding in South Asia. Overall losses, including uninsured damage, came to $US330 billion, according to the reinsurer, … Read more

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

First retail collapse of 2018 prompts expert warnings of more fashion pain to come

Insolvency and retail experts have warned fashion brands should expect to be crunched for yet another year, with womenswear brand Maggie T the first high-profile Australian retailer to enter administration in 2018. An insolvency notice from the Australian Securities and Investments Commission confirms Maggie T Corporation appointed voluntary administrators Cameron Gray and Justin Holzman of … Read more