Australia: Power Ledger’s Blockchain Energy Platform Goes Live in Fremantle

Australia’s coastal city of Fremantle has kicked off a trial that will allow some residents to trade solar power on a blockchain-based platform provided by renewable energy-focused crypto startup Power Ledger. According to the Minister for Finance, Energy and Aboriginal Affairs in the government of Western Australia, Ben Wyatt, around 40 households in Fremantle will The post Australia: Power Ledger’s Blockchain Energy Platform Goes Live in Fremantle appeared first on CCN

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Aussie Blockchain Startup Wins Billionaire Branson’s Tech Challenge

Power Ledger, a blockchain startup based in Australia, won business magnate Sir Richard Branson’s Extreme Tech Challenge (XTC) 2018, as reported by Australian news channel Nine News. The challenge, whose previous finalists include Doctor on Demand and Vantage Robotics, aims to provide entrepreneurs with the right tools to help them build their tech products. Power Ledger received endorsements The post Aussie Blockchain Startup Wins Billionaire Branson’s Tech Challenge appeared first on CCN

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NEM Foundation Launches Blockchain Hub in Melbourne

Melbourne is now home to a new blockchain hub where NEM representatives will provide support to members of the public on blockchain technology and cryptocurrency. The hub will host educational programs and blockchain events, and it will also serve as a business incubator and support centre for NEM-based blockchain startups. Having benefited from local support The post NEM Foundation Launches Blockchain Hub in Melbourne appeared first on CCN

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Australian Startup to Enable Users Invest in Crypto with Spare Change

An Australian fintech startup based in Perth is giving users the opportunity to invest in crypto without going out of their way, using spare change from their electronic transactions to carry out micro-investments in crypto portfolios. Through its app, Bamboo says that it will improve access to investment opportunities and enhance user understanding of the … Continued The post Australian Startup to Enable Users Invest in Crypto with Spare Change appeared first on CCN

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Australia’s Biggest Stock Exchange Delays Blockchain Integration to 2021

The Australian Securities Exchange (ASX) has postponed the integration of its blockchain post-trade settlements system from late 2020 to Q1 2021 in response to concerns from stakeholders. In a report [PDF] published on Tuesday, the ASX said it had received feedback from the industry in response to its initially-proposed timeline targeting a complete revamp of The post Australia’s Biggest Stock Exchange Delays Blockchain Integration to 2021 appeared first on CCN

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IBM Wins AUD $1 Billion Contract to Develop Blockchain, Tech Initiatives for Australia Govt.

Computing giant IBM has been awarded a landmark contract to develop blockchain and other digital technology initiatives for the government of Australia. Announced on Thursday, the five-year, AUD $1 billion (~USD $740 million) contract is Australia’s latest attempt to make good on its goal to become one of the world’s “top-three digital governments” by 2025 The post IBM Wins AUD $1 Billion Contract to Develop Blockchain, Tech Initiatives for Australia Govt. appeared first on CCN

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Australia Central Bank Admires Bitcoin But Says It Has ‘Flaws’

“Even if one is quite skeptical of whether bitcoin will have a significant role in the economy in the future, I think it is hard to avoid some admiration for its design,” Reserve Bank of Australia official Tony Richards thus addressed bitcoin and cryptocurrencies in general in a speech to the Australian Business Economists in The post Australia Central Bank Admires Bitcoin But Says It Has ‘Flaws’ appeared first on CCN

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