Institutional investors could add $500,000 to Bitcoin overnight
[ad_1] Institutional investors may be the secret ingredient behind the next wave of growth for cryptocurrencies like Bitcoin. Speaking at the CFA Societies Australia 2021 investment conference this week, ARK Invest CEO Kathy Wood suggested that investors and asset managers…
Adviser Innovation Summit 2021 goes digital
[ad_1] The Adviser Innovation Summit will be broadcast live for free nationwide on Tuesday, November 9. Recent extended lockdowns in some of our most populous cities have prompted us to rethink how best to reach a national audience while complying…
Senate inquiry proposes laws to make Australia a leading digital economy
[ad_1] The Senate Select Committee on Australia as a Technology and Financial Center detailed 12 recommendations in its third and final report – among them is a clear plan to encourage Australia to stand alongside Singapore and the UK as…
Pinnacle backs OpenInvest’s “homegrown” technology platform with $3 million
[ad_1] Pinnacle Investment Management has invested $3 million to become the lead investor in the $5.5 million fundraising round just completed by Melbourne-based financial technology OpenInvest. Pinnacle’s interest in OpenInvest was sparked by the latter’s new “in-house” technology platform, which…
CBA crypto trading is expected to lift all boats in the local sector
[ad_1] Australia’s crypto sector is celebrating after the Commonwealth Bank of Australia (CBA) made history earlier this week as the first of Australia’s major banks to move into the crypto asset trading space. Kraken Australia director Jonathan Miller said anything…
Aussie fintech is relieved by the sane report, but cautious about political realities
[ad_1] The Senate Select Committee on Australia as a Technology and Financial Hub has delivered its report on how regulators should approach cryptocurrencies and blockchain, but local fintech companies are cautiously optimistic about what this means in the future. Speaking…
Square’s third-quarter profit jumped from bitcoin transactions
[ad_1] Square’s gross profit rose to $1.13 billion in the third quarter from $794 million a year earlier, thanks to the strong performance of payments service Cash App, up 33 percent, which saw gross profit rise to $512 million dollar….
The federal government will invest $500 million in low-emission technologies
[ad_1] The federal government is looking to accelerate investment and innovation for low-emission technologies through a new $1 billion low-emissions technology commercialization fund. Prime Minister Scott Morrison framed the plan as a natural extension of the government’s newly announced path…
Chinese crackdown paves way for crypto mining migration
[ad_1] After years of repression by the Chinese government, many of the world’s biggest bitcoin miners have moved elsewhere. According to the latest Cambridge Bitcoin Electricity Consumption Index (CBECI), the United States now holds a leading share of the global…
The Melbourne-based fintech estimates the valuation to swell to US$5.5 billion
[ad_1] On Thursday, Airwallex announced it had raised an additional US$100 million in a Series E1 funding round, raising its valuation to US$5.5 billion just two months after the company announced an oversubscribed Series E round. This latest round brings…