Australian Authorities To Initiate Cryptocurrency Research Program
Crypto enthusiasts hope to see the sector accepted in every country worldwide. Even though the present condition of the market is not encouraging, investors are optimistic that the future of crypto assets is promising. Many countries, such as El Salvador, have already embraced crypto in their financial systems. The acceptance boosted the industry, and with […]
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A bitcoin hacking group calling itself "DD4BC" which stands for "distributed denial of service for bitcoin" is allegedly targeting Australian banks like Macquarie and Westpac. These reported extortion campaigns have reportedly been running since May this year, prompting authorities to initiate a new cybersecurity outfit called the Australian Cybersecurity Center (ACSC). This follows news that Australian banks have discontinued transactions to several bitcoin companies by terminating their bank accounts, spurring speculations that the announcements may have something to do with the bitcoin....
Australian Crypto-Focused Research Firm Supports Government Rebate And R&D For Bitcoin Entrepreneurs
Interconnected Research (ICR), an Australia-based cryptocurrency research and development provider, recently satisfied requirements to remain registered as a Research Service Provider (RSP). The registration makes ICR the only private company that can ensure companies meet the requirements to claim a rebate of up to 43.5 cents on the dollar through the government's R&D Tax Incentive program. An RSP is an organization registered under section 29A of the Industry Research and Development Act of 1986 in Australia. The registration means it has the appropriate scientific or technical expertise....
Australia’s central bank, the Reserve Bank of Australia (RBA), has completed its pilot program exploring the potential use cases of a central bank digital currency (CBDC). The research project, carried out in conjunction with the Digital Finance Cooperative Research Centre (DFCRC), involved 16 selected industry participants, including Mastercard, Australian Bond Exchange, and Fame Capital. This […]
An Australian startup that acts as an intermediary to enable Australians to pay their bills with Bitcoin is now rewarding customers with a first-of-its-kind loyalty program. Living Room of Satoshi, aptly named after Bitcoin’s pseudonymous creator Satoshi Nakamoto is an Australian blockchain-based payments company that enables its users to settle their bills with bitcoin. Customers can use bitcoin to pay for utilities, home and property rent, school fees, credit card payments and insurance premiums. Now, the payments company has announced a loyalty program which will reap rewards for....
Not one to remain behind in the FinTech race, Australia is increasing its investments in FinTech in a bid to boost its financial management systems and to improve its status as a leading country in financial technology, according to research from East & Partners, an Australian-based market research firm. The research found that Australian corporate treasurers are planning on increasing their spending on FinTech by around 12.2 percent. It added that 17.6 percent of treasurers had already invested in the sector while an additional 24.2 percent were exploring the possibility of investing.....