Qnect Technologies has had its customer data stolen, with the hackers threatening to publish the information online unless the business paid out bitcoins.
Blockchain startup R3 has announced the close of a US$107 (AU$143) million Series A round, marking the largest raise for a blockchain startup to date.
Melbourne-based venture capital firm Trimantium Capital and US firm Winklevoss Capital have announced a potential co-investment in blockchain technology. Both firms are currently in the co-investment development stage and aim to leverage off each other’s deal flows to expand the presence of blockchain in Asia.
Students from the University of New South Wales have developed their very own use for blockchain technology and created their very own fintech startup, Dime.
In an effort to increase diversity within the cryptocurrency and blockchain technology space, digital currency-focused media outlet Coindesk, in collaboration with the MIT Media Lab’s Digital Currency Initiative, is offering 50 diversity scholarships for the Consensus 2015 conference being held in New York City next month. The scholarship is targeted at “people of colour and women between 18 and 25 years of age”.
In the US, bitcoin is the fastest growing sector followed by photo sharing and physical storage, according to venture capitalist Tomasz Tunguz. [Source: Tomasz Tunguz Blog].
Yesterday, Australia’s most well-known Digital Currency startup CoinJar, announced it has relocated it’s headquarters to the United Kingdom as part of its growth strategy, that will allow bitcoin holders more flexibility when it comes to buying, selling and using the digital currency.
A life coach, or somebody of a similar non-profession, once said ‘never hold a grudge’. But, in case you do hate someone, shit delivery startup Shit Express is here to accommodate. At first glance, what’s impressive about Shit Express is its succinct tagline: “Send a piece of shit in a box to someone”. In a short sentence, the startup has summed up its entire business.
As it turns out, bitcoin is here to stay. Australian startup CoinJar, which provides businesses with virtual wallets for bitcoin transactions, has today announced that it is trialling CoinJar Swipe, the first EFTPOS card that allows bitcoin holders to spend their digital currency anywhere they like.
A few weeks ago, whilst out celebrating a friend’s birthday I overheard a group of hipsters bragging about how their coffee shop has Sydney’s first Bitcoin ATM. I couldn’t help myself and barged into their conversation. I was equal parts amused and afraid that this illusive currency is being used to buy cake in suburban Erskinville.
The bitcoin craze continues, with Australian-headquartered investment firm, Future Capital Bitcoin Fund (FCBF) launching a USD$30 million global investment fund targeted towards startups that are leveraging Bitcoin and other crypto-currencies.
With Bitcoin use increasing in Australia, there has been little guidance to date from the ATO and other regulatory authorities about the accounting and tax treatment of this payment method. So we have put together a list of some of the key accounting and tax questions you may have when using Bitcoin.
The internet has recently been abuzz with bitcoin tell-tales; and more and more startups are recognising the need to keep up with this technology trend. The latest startup to incorporate cryptocurrency into their payment system is Parkhound – an Australian-based online marketplace that connects drivers seeking parking spaces with local property owners who have spaces to spare.
At the start of the month, Australian startup Payonix Technologies launched the sales of the first high-performance, easy-to-use Bitcoin mining hardware. The company’s in-house designed ONIX Series ASIC mining rigs have been pre-sold out – a strong indicator that cryptocurrency is well on its way to becoming mainstream.
Melbourne-based car manufacturing startup Tomcar Australia is well on its road to success, having pre-sold 100 units of the all-terrain vehicles and now accepting cryptographic currency Bitcoin.