Australian Writers Awarded 12 BTC in Bitcoin Essay Competition
The winners of Australia's first bitcoin essay competition were announced this week, with 12 BTC in prizes awarded to three writers. The writing contest, sponsored by Sydney-based exchange Bit Trade Australia, posed the question: 'Digital Currencies and the future: Will Bitcoin change the world?'. The competition opened in November last year to Australian and New Zealand citizens with the intention to drive bitcoin and digital currency awareness. Increase in value. The prize has increased in value considerably since the contest was announced. The 7 BTC first prize was worth around AU$1,000....
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An Australian company has launched a 'bitcoin-based scholarship' with an initial essay competition to answer the question: "Digital currencies and the future: will bitcoin change the world?" Sydney-based Bit Trade Australia, a bitcoin buy and sell business (similar to Coinbase but for Australian users), is sponsoring the contest, billed as "Australia's First Digital Currency Academic Scholarship-Competition". The prizes, while not enough to put anyone through university at November 2013 bitcoin prices, are adequate to spur their winners' further engagement with the bitcoin world: 7 BTC for....
The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for “publishing scam advertisements featuring prominent Australian public figures.” The regulator said, “The essence of our case is that Meta is responsible for these ads that it publishes on its platform.”
Meta Sued for Publishing Cryptocurrency Scam Ads
The Australian Competition & Consumer Commission (ACCC) announced Friday that it has taken legal action against Meta Platforms Inc. (formerly Facebook) and Meta Platforms Ireland Ltd.
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In a recent essay, Bittorrent founder Bram Cohen lays out his interpretation of recent Bitcoin projects such as Bitcoin Classic. He labels the project purely marketing and hints what they are creating is a form of an alternative digital currency, also known as an alt-coin. This, a controversial opinion in Bitcoin circles, has major implications about how the Bitcoin protocol evolves from here. In his essay, Cohen writes: Let’s say that you’re running a company and want to create some internal competition between teams to see which ones can perform better. You can do this with R&D, and....
While it may seem clear to the general public there was no collusion effort by the investigated banks; the Bitcoin community still feels there is a lot more to this story than meets the eye. Even though there are plenty of financial institutions who have taken a keen interest in the development of blockchain technology, some Australian banks were taking a slightly different approach. By actively blocking fiat currency withdrawals from Bitcoin exchanges, rumors of possible collusion started popping up. After an investigation by the Australian Competition and Consumer Commission – or ACCC in....
An Australian Senator has requested the country's competition overseer to start an inquiry into the banks' recent crackdown on Bitcoin companies. Senator Matthew Canavan, who was also part of the recent Senate Committee studying Bitcoin technology, doubted the coordinated approach of banks while shutting down the accounts of around 17 Bitcoin companies. He further implied that the banks are taking an unethical route to clamp down potentially competitive companies. "The actions by the banks," he wrote, "would appear to directly engage competition in the financial services industry as it....