Australia

First Exclusive Interview With the CEO of the Nugenesis Network

Recently we’ve had the opportunity to interview Hussein Faraj, the CEO of NuGenesis Network. We have been following this project for a few months and had wanted to ask a few deeper question in regards to NuCoin. Here are nine questions we asked Mr. Faraj to help you understand the purpose and motivation behind the NuGenesis Network.#1 What made you decide to create your own cryptocurrency project instead of building on an existing platform?In late 2013 we were looking for a solution to a global remittance system, we attempted to

Winklevoss’ Gemini Adds Support for Hong Kong, Australian and Canadian Dollars

Gemini, a major cryptocurrency exchange founded by the Winklevoss brothers, has just added support for three new fiat currencies on its platform.According to an official announcement on Aug. 17, Gemini now allows users to trade in the Hong Kong dollar (HKD), the Australian dollar (AUD), and the Canadian dollar (CAD).The three new fiat currencies come in addition to the United States dollar, allowing Gemini users in Hong Kong, Australia, and Canada to buy and sell crypto with native currencies.However, HKD, AUD, and CAD are currently not offered through Gemini’s crypto

$600M Crypto Ad Ban Class Action Filed in Australian Courts

Law firm JPB Liberty filed a class-action lawsuit in the Federal Court of New South Wales earlier today, targeting Facebook and Google for anti-competitive behavior for banning cryptocurrency advertising in 2018.JPB argues the ban, which was loosened in 2019, killed the initial coin offering (ICO) market and caused severe financial damage to the wider cryptocurrency industry.JPB Liberty CEO Andrew Hamilton said the tech giants had acted as a cartel in launching the crypto ad ban, in order to crush competition from the blockchain sector.The suit has garnered more than $600

IP Australia and National Rugby League Use Blockchain Against Fake Products

Australia’s top-tier rugby league, the National Rugby League, along with IP Australia will trial a blockchain-based application to curb the sale of counterfeit products.IP Australia is an agency of the Department of Industry, Innovation and Science that orchestrates and regulates the issuance of intellectual property rights and legislation relating to patents, trademarks, registered designs and plant breeder's rights in Australia.Genuine products will be tagged with trust badgesAccording to a ZDNet report, the new application uses blockchain to enable trademark owners to link their products to the government register. It acts

TikTok Ban: The Beginning of a New Age in Social Networks?

President Donald Trump has signed an executive order that forbids American companies to transact with Tencent and Bytedance. The ban comes after a long debate involving alleged data mining from apps like WeChat and TikTok. Following the ban, Tencent shares fell 5%. American companies will effectively have 45 days to stop transacting with these companies. The ban is sparking worldwide debate regarding the boundaries of national security. Is this an opportunity for decentralized social media platforms to step up? Tencent and the Yuan Plummet The announcement was immediately felt on

Blockchain Gaming Firm Animoca Creates Private Trading Hub for Shareholders

Following its delisting from the Australian Securities Exchange (ASX) last month, blockchain gaming startup Animoca Brands has engaged an online marketplace to continue private trades of shares in the company.Animoca Brands —  the parent company of TSB Gaming — has made its mark on the blockchain gaming space in recent years by collaborating with big-name firms such as Tetris creator Atari and signing a global licensing agreement with Formula 1.On April 9, Animoca released details of its engagement with PrimaryMarkets, an Australia-based online marketplace for the trading of unlisted securities

Fear, Greed and the Evolution of Money in the Age of the Coronavirus Pandemic

The COVID-19 pandemic is not going to end soon. Fear and anxiety have skyrocketed, and nearly half of the people in the United States feel the coronavirus has harmed their mental health. People are scared, anxious, depressed, on edge and struggling to sleep through the night.We watched as China took extreme measures to improve the coronavirus crisis there. We watched as Italy locked down the country and people scurried to other parts of Europe. We then watched as California Governor Gavin Newsom took early measures for the U.S. and locked

After a Volatile Week, Bitcoin Opens Higher on Monday

As we see strong signs of stabilization throughout Europe, the situation in the U.K. seems to be getting worse. Not only has the prime minister himself now been admitted to the hospital, but the number of confirmed cases has seen a significant spike to nearly 6,000 yesterday. Last night, the queen herself addressed the nation in a brief but extremely moving speech. Over in the U.S., the president has mentioned that the peak is near. Yet, even in Asia, leaders are finding it difficult to lift the lockdowns and travel

Talking Digital Future: Smart Cities

My journey into smart cities and their future development was a really big surprise, as the way I arrived there was not something that I had planned. I was working as the chief information officer for a company in Northern California called O'Reilly Media when I got a call from a headhunter who asked if I would consider being the chief information office for the City of Palo Alto. I can vividly remember — it was only about eight years ago — my feeling when she asked the question. The