Australian Securities Exchange Probes Conglomerate’s Upcoming ICO For Crypto Exchange

Australian Securities Exchange Probes Conglomerate’s Upcoming ICO For Crypto Exchange

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A Queensland-based investment company has come under the Australian Securities Exchange’s (ASX) radar after seeking over $15 million in an initial coin offering (ICO) for a cryptocurrency exchange. A Suspicious Expansion Earlier this year, Byte Power Group (BPG), a conglomerate with interests in food and beverage, energy and cryptocurrencies, was issued a detailed questionnaire to…

21,000 New Locations Across Canada, Europe, Australia to Purchase Bitcoin Cash

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Netcoins, an over-the-counter (OTC) brokerage and virtual ATM software company, announced this week it was enabling bitcoin cash (BCH) for immediate access purchase. For BCH enthusiasts, that’s 21,000 locations, covering Canada, Europe, and Australia where the decentralized currency is now available. Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug 21,000 New…

Australian Bank Utilizes Ethereum for Cross-Border Shipments

Australian Bank Utilizes Ethereum for Cross-Border Shipments

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A 17-ton, cross-border container of almonds was successfully transported from Australia to Germany utilizing the Ethereum blockchain, in a collaborative move between Commonwealth Bank of Australia (CBA) and five logistics organizations. Augmenting Shipping Systems The development represented one of the first instances of a state-backed shipment facilitating using blockchain technology. Apart from the growing technology,…

IBM Secures $740 Mln Deal to Upgrade Australian Gov’t Data Security with Blockchain

IBM Secures $740 Mln Deal to Upgrade Australian Gov’t Data Security with Blockchain

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Blockchain integration grows more prolific, as companies, educational institutes, and governments realize its solutions to various inefficiencies. IBM signed an A$1 billion (~$740 million) deal with the Australian government to upgrade data security systems using blockchain technology. Estimated $100 Mln In Savings Over Five Years International Business Machines Corp. (IBM) signed a five-year contract to…

Australia Cracks Down on Misleading and Deceptive Initial Coin Offerings

Australia Cracks Down on Misleading and Deceptive Initial Coin Offerings

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Australia’s financial regulator is cracking down on deceptive and misleading initial coin offerings (ICOs), citing “a serious breach of the Australian law.” As a result of the regulator’s inquiries, some issuers have halted their token sales or are modifying their structures. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space ASIC Takes Action Against ICOs…