A trial conducted by the Commonwealth Bank of Australia and the Data61 unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has proven that blockchain-powered smart money possesses immense social and economic benefits for Australia’s insurance scheme for persons living with disabilities. In the proof of concept, it was demonstrated that participants in Australia’s…

A top Australian financial regulator has indicated it will take a new approach when regulating cryptocurrency exchanges, as well as tighten scrutiny of initial coin offerings (ICOs),. In its a corporate plan for 2018–2022, released Friday, the Australian Securities and Investments Commission (ASIC) outlined its areas of focus for the period. Top of that list is to continue…

An Australian federal agency is developing a blockchain that will allow businesses to carry out transactions based on smart legal contracts. The Commonwealth Scientific and Industrial Research Organization (CSIRO) said on Wednesday that its research arm, Data61, is working with law firm Herbert Smith Freehills and IBM to conduct a pilot for a new platform…

Australia, 24th of May, 2018 – An Australian Company UDT Corporation supported by research from UNSW, UTS and Monash University are building UCOT, the world’s first digitised supply chain ecosystem powered by the latest 5G NB-IoT and blockchain technologies disrupting a trillion dollar global supply chain economy. UCOT tracks every step of the supply chain…

Australians lost at least $2.1 million to cryptocurrency-based scams last year such as by paying ransoms in virtual coins or being lured to invest in fake initial coin offerings. The number is an upgrade on previously released figures, though the loss numbers may be inflated by the peak in value of cryptocurrencies in December last…

Amid the rising number of crypto-related scams that are coming about with the ever-increasing popularity of cryptocurrencies, Finance Minister Wopke Hoekstra outlined his concerns over the recent rapid boom in the popularity of the coins in a six-page letter to the Dutch House of Representatives and the Senate. Hoekstra argued that there has been little time to understand…


Cryptocurrencies such as bitcoin and ethereum are classified by many as either speculative or dangerous but that has not stopped the smart money in Australia and overseas from backing the exchanges which trade them. As trading in digital currencies has exploded on specialist international exchanges such as ANX, Bitfinex, Bitstamp, Coinbase, Kraken and Poloniex investors…

CanYa, the Melbourne based fintech startup, recently held a pre-sale in which the firm sold $1.8 million of its cryptocurrency, in less than 24 hours. This peer-to-peer marketing platform that provides a variety of gig services such as babysitting, household chores and projects, and various jobs performed by tradespeople. There are now 4,000 subscribed users…


Some of the most prominent fintech firms in Australia, namely FlashFX, AgriDigital, and Othera, are pushing for a digital Australian dollar. This same group enjoyed a recent success in getting the double taxation of cryptocurrency transactions eliminated. A recent report in the Australian Financial News outlines the arguments for and against introducing a digital Australian…


Last week, we all witnessed the first-of-its-kind breakthrough of a cryptocurrency valuation rising above USD$5,900 per coin. Bitcoin, the forefather of all of the world’s cryptos to come, rose to incredible heights and figures to continue its amazing rise to even greater heights. As we’ve discussed in prior reports, Japanese investment and use, as well…