Tech Millionaire Zhenya Tsvetnenko Brings Bitcoin to Australian Stock Exchange
Australian investment company Macro Energy has announced plans to enter the digital currency space through the acquisition of Digital CC and its subsidiary digitalBTC. The company plans to raise A$9.1m and list digitalBTC on the Australian Stock Exchange (ASX). Macro Energy describes digitalBTC as an "innovative digital currency company" engaged in bitcoin mining and trading. In addition digitalBTC is developing retail consumer products for bitcoin and other digital currencies. Strong credentials. The company points out that digitalBTC already has established mining revenues and ties with....
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Bitcoin entrepreneur Zhenya Svetnenko turns Macro Energy into DigitalBTC. Bitcoin may have taken some hits over the past few weeks with all the Mt. Gox issues but, like we reported earlier this week, this isn't stopping investors who see a bright future for the cryptocurrency from trying to cash in. Energy company into Bitcoin venture. Meet Zhenya Tsvetnenko, a technology entrepreneur who has been living in Perth. He wants to do a reverse takeover of Macro Energy Ltd. Macro Energy Ltd. is an Australia-listed company that has been struggling to make a profit ever since a series of....
Shares of Australian investment firm Macro Energy gained 42% yesterday, after news emerged that it plans to enter the bitcoin space and raise A$9.1m ($8.2m) in funding. Yesterday, the company announced the acquisition of Digital CC and its subsidiary digitalBTC, which runs a bitcoin mining operation and a trade desk. The move will make digitalBTC the first bitcoin company listed on the Australian Stock Exchange (ASX). Macro Energy also announced that it has firm commitments from investors who are planning to invest A$9.1m in the consolidated company. The money will be used to expand....
Australian firm DigitalBTC is bowing out of bitcoin mining to focus on its consumer products, its CEO has said. The company, which debuted on the Australian Stock Exchange (ASX) last June, mined 8,600 BTC in its first three months. However, with bitcoin's price down almost 60% since then, its hardware is proving to be less and less profitable. According to its latest statement, mining operations netted DigitalBTC $6.4m in the 12 months to June 2015, 20% less than the previous year. CEO Zhenya Tsvetnenko told The Sydney Morning Herald: "When we saw the big drop in the value of bitcoin, just....
The former executive chairman of a publicly listed Australian digital currency startup has been indicted by the US government for his alleged involvement in a fraudulent text messaging scheme. Zhenya Tsvetnenko was among three parties named in a superseding indictment unsealed last week in the US District Court for the Southern District of New York. Tsvetnenko co-founded DigitalX, which was originally a bitcoin mining firm called DigitalBTC before it moved to launch a payments app called Air Pocket. US prosecutors have alleged that Tsvetnenko, among other defendants named in the case, was....
Australian bitcoin company Digital CC Ltd has published the results for its half-year period up to 31st December 2014, posting a $2.3m net loss after tax. Notably, the firm was the first bitcoin company to be listed on the Australian Securities Exchange (ASX), trading as digitalBTC. "The statutory loss recorded for the half has been impacted by necessary accounting adjustments flowing from digital currency price declines," executive chairman Zhenya Tsvetnenko said. The firm's total revenue was $14.5m. Of this, $9.9m came from its liquidity desk and $9.9m from digitalX Direct sales. The....