A publicly listed company, SelfWealth, will become the first online share trading platform to offer crypto trading services in Australia. This came after the company partnered with the local cryptocurrency exchange, BTC Market. The move means that the 120,000 customers of SelfWealth will now be able to invest in crypto using the platform. SelfWealth Offers...
Category: Business
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ASX Chief Executive: More Crypto Companies to List on Australian Stock Exchange
Dominic Stevens, chief executive of the Australian Stock Exchange (ASX), predicts that more companies with crypto ties could be listed on the Australian sharemarket in the coming year as cryptocurrencies start to play a bigger role in the tech industry. With an eventful year of crypto companies making it into the mainstream, it seems 2022...
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Blackstone takes $6.3bn gamble on troubled casino operator
Troubled Australian gaming group Crown Resorts agreed to be taken over by US private equity giant Blackstone. The Melbourne-based firm said on Monday that its board has backed Blackstone’s A$8.9bn (£4.7bn; $6.3bn) buyout offer. The deal gives high-profile billionaire James Packer the opportunity to exit the business, which has faced scandals and regulatory scrutiny. Crown,...
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‘OnlyFans’ Set to Adopt ETH-Based NFT Profile Pics
Following the lead of Twitter, Reddit and YouTube, racy online subscription service OnlyFans has announced that its users can now use verified Ethereum non-fungible tokens (NFTs) in their profile images. Creators who choose to do so will receive an Ethereum symbol to show they own the asset. When users click on an NFT profile picture,...
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Crypto Meets Coffee in Brisbane
Crypto is now part of your daily coffee run, via a café in inner suburban New Farm, Brisbane. This one-of-a-kind venture – Crypto Coffee – allows patrons to pay with funds from a crypto wallet, using a business model developed in partnership with cryptocurrency platform Swyftx. Crypto Coffee uses crypto in all its transactions, removing...
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Australians spend more than $50 million on crypto transaction fees
Australians rushing to invest in cryptocurrency may find themselves paying larger than expected surcharges as new data estimates more than $50 million has been spent on fees alone. Financial comparison site Finder estimates that based o the average Australian crypto investment of $2078, a “conservative” transaction fee of 0.6 per cent would equal a collective...
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$20 Billion Fund Suggests Ethereum Could 75x in Next 10 Years
ETH achieved major milestones in 2021 including capturing US$10 billion in transaction fees from the network. ETH also surpassed Stripe into second position in global transactions by dollar value in 2021. In 2021, the network underwent an upgrade called “London EIP-1559” which changed the way ETH fees worked and which has brought up issues of...
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Cryptocurrency exchange FTX hits $32 billion valuation despite bear market fears
Cryptocurrency exchange FTX saw its valuation swell to $32 billion in a new funding round announced Monday, highlighting continued appetite for the sector even as investors grow wary about a sharp pullback in crypto prices. The Bahamas-based company said Monday that it raised $400 million in a Series C financing round — its third fundraise...
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Visa says crypto-linked card usage hit $2.5 billion in its first quarter
Visa said during its recent earnings call that customers made $2.5 billion in payments with its crypto-linked cards in its fiscal first quarter of 2022. That was 70% of the company’s crypto volume for all of fiscal 2021. “To us, this signals that consumers see utility in having a Visa card linked to an account...
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3 Reasons Metaverse Real Estate in Decentraland Is a Good Investment
When venturing into buying real estate in the metaverse, it can feel like stepping off of a cliff into nothing. There’s no tangible land, no sea, no sky, no molten core, no gravity holding it all together. But yet, it’s something — something that people are starting to really believe has a value. That’s all...