Australian Bitcoin Exchange CoinJar Gets A$500k in Venture Funding
Melbourne, Australia-based startup CoinJar announced it will receive "Australia's first major bitcoin investment", signing a deal with local venture capital firm Blackbird Ventures to the tune of A$500,000 (US$455,000). The money will come from a group of individual investors with years of technology and startup experience. CoinJar, founded in February 2013 by local entrepreneurs Asher Tan and Ryan Zhou, is a bitcoin buy/sell exchange and online wallet service with a clean and simple interface that allows customers to link certain bank accounts for direct transfers in and out of the....
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Melbourne, Australia-based bitcoin exchange CoinJar has announced a successful round of venture capitalist funding, effectively raising $500,000 AUD (this is about $455,500 USD) from several prominent investors in the tech-sphere. Investors include Niki Scevak from Blackbird Ventures, Guy King and Bevan Clark (founders of coupon website RetailMeNot), Torsten Hoffman, and Chris Hitchen. The company will be using the funding in order to improve their services and make bitcoin easier for ordinary individuals to buy and sell the digital currency. "Bitcoin is a game-changer, but the process of....
CoinJar has clarified that only the iOS version of its new app is available today. Anglo-Australian bitcoin exchange CoinJar has released a new mobile app, now called 'CoinJar Touch', saying new user-friendly features will speed up bitcoin payments and attract new users to digital currency. CoinJar's Samuel Tate said the new app is in response to user requests for transfer in and out of bitcoin on its exchange "on-the-go", and to manage their payments and contacts lists with greater ease. Users can send instantaneous payments to other CoinJar accounts by using Twitter-style user names....
Australian bitcoin exchange and payment processor CoinJar has announced it is relocating its headquarters to the UK as of today. The company's move has been rumored for some time, especially after the Australian Tax Office (ATO) announced in August that bitcoin trades involving Australia-based exchanges would be subject to the 10% Goods and Services Tax (GST). In a statement posted online, CoinJar described the move as "part of a global expansion that will will provide customers more freedom to buy, sell and use bitcoin as a global digital currency, adding: "Aside from catalysing CoinJar's....
Australian bitcoin finance company CoinJar has introduced pegged accounts in an attempt to hield customers from bitcoin's volatility. The new accounts, which CoinJar is calling Hedged Accounts, will allow users to peg the price of bitcoin against fiat currencies, such as the US dollar, Australian dollar, pound and euro. Asher Tan, CoinJar's CEO, explained that the new option would benefit those who would like to start using bitcoin for practical purposes, but do not want to
CoinJar, Australia's well-known digital currency services company, announced on Monday that they've relocated their company headquarters to London's financial district in a move that hopes to expand the company's operations beyond the land down under. In the announcement - made on the company's blog - CoinJar says they're official incorporated as a company from the United Kingdom (under the name CoinJar UK Limited), but they aren't forgetting about their client base back in Australia. CoinJar is maintaining a presence in Melbourne, "and will continue focusing on the things that have....