Australia

The Future is Near: The First-Ever Sports Team Starts Paying Salaries in Bitcoin

Nov 18, 2021 at 11:00 // News A professional baseball team from Australia, Perth Heat, announced on November 17 that they will remunerate their players and employees using bitcoin. To introduce the new financial system, the club has already hired a chief Bitcoin officer and partnered with a cryptocurrency platform. The flagship coin is also adopted as a means of payment for sponsorships, fan merchandise, etc. According to the ABC news outlet, players will be able to choose the means of payment they want. Switching to Bitcoin will not be

šŸ”“ A Major Bitcoin Upgrade Activated | This Week in Crypto ā€“ Nov 15, 2021

ļ»æ Appleā€™s CEO reveals he owns crypto, Twitter establishes a crypto department and bitcoin gets a major upgrade. These stories and more this week in crypto. The value of the total crypto market topped above $3 trillion this week with Bitcoin reaching $69000 and Ethereum going over the $4800 mark. Prices rose after the US Bureau of Labor Statistics released its October inflation figures which reflected the steepest monthly rise in 30 years, and investors are looking to cryptocurrencies as a hedge against inflation. Tim Cookā€”the CEO of Appleā€”revealed that

Former PsyQuation CEO Launches New Copy Trading Platform

Michael Berman, who is known for heading trading strategy provider PsyQuation as CEO, has launched a copy trading platform, Ditto. The platform is officially registered as Gleneagle Securities and is licensed by the regulators in Australia and Vanuatu.ā€œI am excited to announce a new venture that I have been working on and will soon be going live with. After more than 20+yrs trading and always building products on top of someone elseā€™s broker we have finally become a product lead broker,ā€ Berman, who is now Dittoā€™s CEO, wrote.The new platform

Yolo-Powered Arsenal Innovation Lab Launches Hunt for Tech Startups with Ā£250,000 Prize Pool

Press Release: Arsenal Innovation Lab is offering a Ā£250,000 Investment and prize pool to hunt for new tech start-ups, with application ending on December 10, 2021   21st October 2021, Tallinn, Estonia ā€” Tech startups focused on fan experience can now apply to the Arsenal Innovation Lab powered by Yolo Group. Arsenal Innovation Lab will create new opportunities for Arsenal fans around the world as it searches for a cohort of inventive startups with solutions on the following themes: Bringing Fans Closer to the Club Arsenal Innovation Lab makes it

Head of Australian Crypto Exchange Says Regulations Are Beneficial

The head of the popular Australian cryptocurrency exchange BTC Markets says crypto regulations provide benefits to the industry. Sponsored Sponsored In the global race for cryptocurrency adoption, regulations, and innovation Australia seeks its own piece of the action. According to the CEO of the countryā€™s largest crypto exchange the country could get left behind without proper action.  Caroline Bowler is CEO of the exchange BTC Market. In an interview with Bloomberg she said it would be a ā€œreal shame for Australia if we donā€™t take this bull by the horns.ā€Sponsored Sponsored

Coingaming Group Rebrands as Yolo Group

Press Release: After several years of success Coingaming Group is rebranding as Yolo Group, as the company continues to expand into new markets. September 13th, 2021, Tallinn, Estonia ā€”  The Coingaming Group is now Yolo Group, following a full rebrand of the maturing business to better reflect its status as disruptors across a diverse range of sectors including gaming and fintech. Yolo Group Business Interests Within the Yolo Group will sit five verticals that cover the full spectrum of the businessā€™ interests:   Yolo Investments focuses on investment opportunities across gaming

BIS partners with Australia, Malaysia, Singapore, South Africa for CBDC trials

The Bank for International Settlements (BIS), spearheaded by Singapore, will test the use of central bank digital currencies (CBDCs) for efficient global payments. Via a recent press release, the BIS announced that it is joining forces with the central banks of Australia, Malaysia, Singapore, and South Africa to examine a direct, shared platform for international payments. The experiment, under Project Dunbar, aims to reduce costs and increase the speed between cross-border payments by institutions. According to Andrew McCormack, Head of the BIS Innovation Hub Centre in Singapore, ā€œProject Dunbar brings

BIS Tests CBDCs for International Settlements Between Several Countries

The Bank for International Settlements (BIS) is cooperating with several countries to test the use of central bank digital currencies (CBDCs) for international settlements.Sponsored Sponsored In participation are the central banks of Australia, Malaysia, Singapore and South Africa. The experiment could lead to a more efficient global payments platform. ā€˜Project Dunbarā€™ Led by BISā€™ Singapore Center, ā€œProject Dunbarā€ aims to develop prototype shared platforms for cross-border transactions using multiple CBDCs. This would allow financial institutions to transact directly with each other using the digital currencies. Consequently, this would eliminate the

Japanā€™s Rakuten Wallet to resume XRP margin trading next week

While Ripple Labs and XRP continue to face scrutiny in the U.S, other countries and agencies might soon look at the latter more favorably. Rakuten Wallet, operated by one of Japanā€™s leading e-commerce portals, has just announced the resumption of XRP trading on its platform. Rakutenā€™s crypto-arm had discontinued services related to XRP in December last year following concerns arising from the SECā€™s lawsuit in the U.S. At the time, the company had claimed that they were unsure if XRPā€™s liquidity could be secured. The entity had also raised concerns

Biggest DeFi Hack in History | This Week in Crypto ā€“ Aug 16, 2021

The biggest DeFi hack in history takes an unexpected turn, Venmo introduces crypto cashback and can you guess where the Bitcoin Family hides their BTC? These stories and more this week in crypto. The Poly Network was the victim of a cyberattack from which $600 million in digital assets was stolen, making it the biggest DeFi hack in history. Poly Network called on crypto exchanges to blacklist any tokens coming from the hackerā€™s addresses, but in a strange turn of events, the hacker has since returned the stolen funds, claiming

Singapore Regulator Allows Crypto Exchange to Offer Digital Payment Token Services

Singapore has taken another step towards securing its position as the regionā€™s fintech hub with the in-principal regulatory approval of digital token payment services for a crypto exchange.Sponsored Sponsored The Monetary Authority of Singapore (MAS) has granted an ā€œin-principle approvalā€ to cryptocurrency exchange Independent Reserve allowing it to operate as a regulated provider for digital payment token services. Singaporean financial regulators classify digital payment tokens as any ā€œcryptographically-secured digital representation of value that is used or intended to be used as a medium of exchange.ā€Sponsored Sponsored According to Bloomberg, it