A Wikipedia page on Australian blockchain firm Power Ledger bites the dust. Anti-crypto activist David Gerard — author of Attack of the 50-Foot Blockchain — has once again used his influence as a senior Wikipedia editor to remove a blockchain related entry about Australian firm Power Ledger. In his latest blog posting, the Wikipedia editor…
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Blockchain tech could purportedly reduce the timeline of bank guarantees processes by days. Three of the “big four” Australian banks are forming a new company called Lygon to digitize bank guarantees using blockchain technology. Bank guarantees are an official contract between a debtor and a financial institution. It ensures the debtor and the debt provider…
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The operator of Australia’s ‘PayID’ payments network is suing Ripple Labs over its use of ‘PayID’ branding. Ripple is facing a lawsuit from New Payments Platform Australia (NPPA) — a consortium that includes every significant bank in Australia. While court documents are yet to have been made public, it is believed the suit alleges intellectual…
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Privacy coins are quietly being relegated to the fringes of the Blockchain space. Pressured by external forces, two Australian exchanges have begun to delist a number of privacy coins including Monero (XMR) and Bytecoin (BCN). On August 24, YouTuber Alex Saunders tweeted a screenshot of what appears to be an announcement from the Australian exchange,…
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Power Ledger’s most recent development is a renewable energy certificate marketplace for SE Asia. Blockchain-enabled approaches to advancing the transition to renewable energy sources are making inroads in new regions. On Aug. 25, Australian blockchain firm Power Ledger announced its forthcoming launch of a marketplace for trading renewable energy certificates (RECs) across Thailand and the…
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An Australian woman is facing more than two years in prison after stealing more than $300K in XRP tokens in January 2018. A judge has sentenced Australian citizen Kathryn Nguyen to a maximum time of 2 years and 3 months in prison for her role in stealing more than 100,000 XRP tokens in January 2018.…
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Popular Australian crypto exchanges Coinjar, Cointree and Swyftx have partnered with Koinly to track their clients’ tax obligations. Crypto taxation software provider Koinly has announced a partnership with three Australian digital asset exchanges to simplify their clients’ tax reporting. Coinjar, Cointree and Swyftx announced support for Koinly on July 29, allowing the exchanges’ customers to…
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Australian Reserve Bank governor Philip Lowe says that somebody always pays for money printing. Australian Reserve Bank governor Philip Lowe has taken a swipe at the concept of money printing, as further fiscal stimulus measures are rolled out in the country amid the ongoing pandemic. In a speech in Sydney on Tuesday, the central bank…
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Experts are of the opinion that governments need to work hand-in-hand with encryption-centric service providers to combat illegal activities on their platforms. Encrypted messaging services have always presented a tough challenge for government agencies all over the world. On one hand, they allow for freedom of speech, but on the other, they enable miscreants and…
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The Australian Government has reached out to the blockchain community to help identify opportunities for blockchain adoption in the supply chain and credentialing sectors. The Australian National Blockchain Roadmap Steering Committee has reached out to the wider blockchain community in order to create working groups to explore specific applications of the technology within the supply…
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