$28 Million Crypto Ponzi Lands Morally Bankrupt Scammer in Jail

Indian police arrested an Australian citizen who had operated a crypto Ponzi scheme that defrauded victims by $28 million. | Source: Shutterstock (i), PGUC (ii). Image Edited by CCN An Australian citizen who ran an international crypto Ponzi scheme will face justice after police in India finally arrested him – but not before he defrauded …

Australian Crypto Scams Jump 190%, Still a Fraction of $500 Million Fiat Bust

By CCN.com: While 2018 was a tough year for cryptocurrency enthusiasts with the persistent bearish market conditions, it was a bumper period for scammers in Australia. According to the Australian Competition and Consumer Commission (ACCC), the use of cryptocurrencies in scams surged by 190 percent year-on-year. In 2018 the number of cases where scammers were …

Australian Insurer Announces Blockchain Trial For Beef Export Supply Chain

Australian truck and transport insurance company National Transport Insurance (NTI) has revealed that it is partnering with BeefLedger, an Australian blockchain platform on a pilot program that will deploy blockchain technology for end-to-end tracking of Australian beef exports. Aimed at improving food safety, export security and animal welfare in Australia, the program will use a …

Aussie Blockchain Startup Wins Billionaire Branson’s Tech Challenge

Power Ledger, a blockchain startup based in Australia, won business magnate Sir Richard Branson’s Extreme Tech Challenge (XTC) 2018, as reported by Australian news channel Nine News. The challenge, whose previous finalists include Doctor on Demand and Vantage Robotics, aims to provide entrepreneurs with the right tools to help them build their tech products. Power Ledger received endorsements …

Australian Startup to Enable Users Invest in Crypto with Spare Change

An Australian fintech startup based in Perth is giving users the opportunity to invest in crypto without going out of their way, using spare change from their electronic transactions to carry out micro-investments in crypto portfolios. Through its app, Bamboo says that it will improve access to investment opportunities and enhance user understanding of the …

Australian Government Invests in Crypto Startup for ‘Bitcoin Boost’ for Tourism

The government of Queensland, Australia’s second largest and third-most populous state, is backing a local crypto payments startup that officials believe will help boost tourism in the state. In an announcement on its official website on Wednesday, the Queensland government revealed details of an AUD$8.3 million grant given to 70 domestic companies looking to innovate …

Decentralised Capital Launches Australia’s First Cryptocurrency Vault

Blockchain and investment company Decentralised Capital has announced the launch of Australia’s first ever cold storage vault for digital assets. The vault was created in partnership with Custodian Vaults, a subsidiary of precious metals firm Pallion Group. According to Stephen Moss, founder and director of Decentralised Capital, the new crypto vault is expected to take …

Coinbase Additions, Enterprise Patents, and Massive Hacks: This Week in Crypto

Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this weeks edition of The Bitcoin Podcast by CCN on iTunes or wherever you get your podcasts. Price Watch: Bitcoin fell nearly 8% this week after jumping above $6,800 early this week. The market …

Regulated Australian Cryptocurrency Exchange to Launch Ripple (XRP) Trading

Independent Reserve, Australia’s first regulated cryptocurrency exchange, will add support for Ripple’s token currency XRP this week. Sydney-based cryptocurrency exchange Independent Reserve is reportedly enabling support for Ripple (XRP), the world’s third-largest cryptocurrency by market cap after Bitcoin and Ethereum. With launch of trading on July 7, the exchange is offering trading to both retail …

Australia Central Bank Admires Bitcoin But Says It Has ‘Flaws’

“Even if one is quite skeptical of whether bitcoin will have a significant role in the economy in the future, I think it is hard to avoid some admiration for its design,” Reserve Bank of Australia official Tony Richards thus addressed bitcoin and cryptocurrencies in general in a speech to the Australian Business Economists in …