Binance Invests in Travel Startup TravelbyBit

Binance announced it has invested $2.5 million USD in Brisbane, Australia based company TravelbyBit. TravelbyBit services the travel and tourism industry, allowing travelers to book their journeys using crypto as payment. TravelbyBit has also built a point-of-sale (POS) terminal for merchants who wish to accept crypto as payment. Binance intends for the cash infusion to […]

Continue Reading

IBM Secures $1 Billion Australian Dollar Blockchain Deal

The Australian government has chosen IBM as its central technology partner for the next five years in a deal worth $740 million dollars. The agreement will cover technology services provided to government departments, including services which will use IBM’s automation and blockchain technologies.  Technology’s Youth Key to the Project IBM will provide services to federal […]

Continue Reading

‘All Wrong’: Cryptocurrency Industry Rebukes Australian Banker For Bitcoin Complaints

A senior Australia central bank official who called Bitcoin “fascinating” but its blockchain “inefficient” has come under fire for plagiarism and spreading incorrect information about cryptocurrency. ‘Not Correct In The Slightest’ Tony Richards, head of the payments policy department at the Reserve Bank of Australia (RBA), delivered a speech to the Australian Business Economists in Sydney […]

Continue Reading

Got Bitcoin Mate? Because Australia Wants a Piece of Your Profits

Georgi Georgiev · June 19, 2018 · 6:00 am After moving to request all cryptocurrency exchanges to report to the country’s watchdog agency, the Australia Taxation Office (ATO) will be collecting Capital Gains Tax (CGT) on cryptocurrency gains, essentially classifying them as assets. Cryptocurrency = Asset Liz Russel, a senior tax agent at a private […]

Continue Reading

Bitcoin Sports Betting Site JustBet Under Investigation by Australian Authorities

Nikita Blows · March 11, 2018 · 10:00 pm The Australian Communications and Media Authority (ACMA) is investigating JustBet for claiming to be registered in an Australian-owned territory, while actually being based in Costa Rica. The popularity of online gambling continues to grow, as does the interest in cryptocurrencies, especially Bitcoin. JustBet, a sports gambling […]

Continue Reading