Australia

Australian Senator Touts Blockchain Tech for ‘One-Touch’ Government

An Australian senator has come out as a big fan of blockchain, saying the technology could help facilitate government processes, tighten up financial regulation and more. As reported by ZDNet on Wednesday, Andrew Bragg, senator for New South Wales, boldly said that “the future is technology by blockchain,” at the Future of Financial Services 2020 …

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Reserve Bank of Australia forms partnerships to research CBDC

According to a Nov. 2 announcement from The Reserve Bank of Australia, or RBA, the financial institution will be partnering with the Commonwealth Bank, National Australia Bank, the financial services company Perpetual, and software company ConsenSys on a project to explore the potential use of a wholesale central bank digital currency in the country using “Ethereum-based …

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Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.com

The Silk Road Balance Sheet Discrepancy: Bitcoin Worth $4.8 Billion Still Missing The original Silk Road marketplace has been shut down for well over seven years now and to this day, 444,000 bitcoin worth $4.8 billion is still missing. Just recently, a report focused on those funds discusses one of the market’s … read more. …

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Google drops curated news plans in Australia over ‘unworkable’ policy

PETER PARKS/AFP via Getty Images Google’s dispute with Australia over online news is about to claim a major feature as a casualty. The internet giant has decided to freeze plans to launch its curated News Showcase in Australia over claims the draft News Media Bargaining Code is “unworkable.” It still objected to what it called …

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Blockchain platform commercializes digital bank guarantees in Australia

The Lygon blockchain platform, which runs on IBM Public Cloud, has reportedly successfully conducted its pilot since last year with Australian banks ANZ, Commonwealth Bank of Australia (CBA) and Westpac and a group of 20 Australian businesses.  Banks are expected to issue bank guarantees in just one day once they implement Lygon compared to the …

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Blockchain can combat Australia’s $1.7B food and wine fraud problem

A supply chain forum featuring local experts and government officials has advocated using blockchain technology to fight the $1.7 billion worth of food fraud annually harming Australia’s primary sector. Blockchain Australia deputy chair Rob Allen moderated the online panel discussion on Sept. 4 discussing use-cases for blockchain within the supply chain sector to an audience …

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Europe’s Revolut app now offers crypto trading for Aussie users

After opening its doors to Australians last month, one of the largest brokerage firms in Europe is now offering crypto trading services. U.K.-based money app Revolut announced on Sept. 3 that its tens of thousands of Australian customers are now able to buy, sell, and hold crypto assets. Users can convert their fiat into Bitcoin …

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Three of Australia’s “big four” banks bring bank guarantees on blockchain

Three of the “big four” Australian banks are forming a new company called Lygon to digitize bank guarantees using blockchain technology.  Bank guarantees are an official contract between a debtor and a financial institution. It ensures the debtor and the debt provider that the debt will be paid on time under all circumstances. The Australia …

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Flipstarter Campaign Aims to Raise Funds for Viral Bitcoin Cash Marketing

Bitcoin Cash supporters are a passionate bunch and the CEO of Bitcoinbch.com, Hayden Otto is an extremely impassioned BCH supporter. Otto has initiated a fundraising effort toward Bitcoin Cash marketing by leveraging the nonscustodial Flipstarter platform. The fundraiser aims to raise 650 BCH ($194,900) in order to fund a viral marketing campaign that highlights the …

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