New Zealand's Easy Crypto raises $11.75M, eyes stock market float
According to Easy Crypto, the $11.75 million in series A funding round may be the largest sum of investment raised in New Zealand for a local start-up. New Zealand-based crypto exchange Easy Crypto has raised $11.75 million (NZD $17 million) in Series A funding, as the firm eyes a potential initial public offering (IPO) in the future. The round was led by venture capital fund Nuance Connected Capital. According to an Oct.6 announcement from Easy Crypto, the NZD 17 million figure “seemed to have set a new record in New Zealand” for the largest Series A funding from a local firm. The funding....
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Australian bitcoin miner Bitcoin Group has delayed its public float on the Australian Securities Exchange (ASX), yet again. The revelation comes soon after a disappointing IPO that fell well short of the miner’s expectations. Melbourne-based mining firm Bitcoin Group has now revealed another delay in its intention to float its stock in the open market by listing on the ASX. The update was disclosed to investors in an update on February 5th, noting that the ASX has sought additional information about the company’s intention to list. The statement read: Investors will appreciate that ‘block....
Binance has officially launched a cryptocurrency exchange in New Zealand after successfully registering with the country’s financial regulator. “We see significant value in having a serious New Zealand presence,” said Binance CEO Changpeng Zhao (CZ).
Binance Launches Crypto Trading Platform in New Zealand
Global crypto exchange Binance announced Friday that it has successfully registered as a financial service provider with the New Zealand Ministry of Business, Innovation and Employment (MBIE). The crypto exchange also announced the official launch of....
The Inland Revenue Department (IRD) of New Zealand has requested that crypto companies in the country hand over their customers’ personal details, cryptocurrency asset values as well as the type of asset held. According to a September 28 report by Radio New Zealand, the tax agency says it wants to improve its understanding of the digital asset industry “so we can work out how best to help taxpayers meet their income tax obligations.” New Zealand firms might not have legal grounds to refuse the request, says the report. In the island nation, virtual currencies are treated....
Kim Dotcom wants to launch a cryptocurrency in New Zealand. This was found on his political party's website. Remember Kim Dotcom? This German-Finnish entrepreneur made headlines in the past as the founder of Megaupload, a website where it was easy to put up illegal content for download. After some time arguing with authorities, he has now returned and loves to shine his light on recent technological developments. Guess what, he loves cryptocurrencies. The Internet Party. Kim Dotcom founded a political party in New Zealand, called The Internet Party. Even though The Internet Party is....
After the demise of one of its flagship exchanges, New Zealand has this week welcomed the launch of a new service, BitPrime. The move comes just six weeks after bitNZ, an exchange operating in New Zealand since 2011, was forced to close after its bank refused to serve it any longer. “Bitcoin is a fairly new concept for most people, so we want to make it an accessible form of investment for everyday New Zealanders,” BitPrime CEO Geoffery Palmer said in an accompanying press release Tuesday. “With interest rates being so low investors are looking for better returns in different asset....