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The Australian Securities and Investments Commission (ASIC) will monitor the crypto markets and ICOs. Will create a policy for regulation subjecting cryptocurrencies to the same scrutiny as stock exchanges.

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World Wildlife Fund-Australia Starts a Blockchain Supply Chain Tool ‘OpenSC’ for Tracking Food Items

One of blockchain technologies greatest use cases, other than in cryptocurrency, has been with supply chain management. The use of a distributed ledger ensures that there is consistency in product quality and allows those involved to see everything from the harvesting to the distribution of the product. In Australia, the World Wildlife Fun has decided to use blockchain in their own supply chain tool, which makes it possible for consumers and businesses alike to track food items. The new tool was announced via tweet on January 17th, saying, “What if you knew exactly how sustainable your food is, just by scanning a QR code with your phone? With OpenSC, you can. #OpenSC is a revolutionary digital platform developed by WWF-Australia and @BCGDV that allows you to track a product along its entire supply chain. Here's how.” OpenSC, the new platform, is a collaboration between WWF-Australia (WWF-Australia) and BCG Digital Ventures (BCGDV), which is a sector of the Boston Consulting Group. The post on Twitter links to a video to show how the process works, using a QR code that tracks the food products from their point of origin. QR codes can be acquired by signing up with the platform. According to information from WWF-Australia, the goal is to make it possible for consumers to make ethical choices in their food purchases. However, this process also forces the producers of these products use honest sourcing and production processes, unless they want to lose their customers as a result of dubious methods. The CEO for WWF-Australia, Dermot O’Gorman, said in a press release, “Through OpenSC, we will have a whole new level of transparency about whether the food we eat is contributing to environmental degradation of habits and species, as well as social injustice and human rights issues such as slavery.” Information collected on the tracked produce will be brought to the World Economic Forum in Switzerland next week, when it is served to world leaders. This process could eventually move beyond the tracking of food and produce, focusing on palm oil and timber as well. With this launch, there are multiple other companies that are applying blockchain technology to solve their supply chain concerns. For example, IBM’s blockchain platform was used for the management of cobalt production on the supply change within Congo, along with the global mining industry. Ethereum blockchain was used for the first time in November to track fish products for a Swiss food manufacturer.
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Ripple Comes to Australia as FlashFX Announces New XRP-Based Exchange

CoinSpeaker Ripple Comes to Australia as FlashFX Announces New XRP-Based Exchange FlashFX announced the unveiling of a new cross border payment solution using XRP. The payment transfer platform plans to improve its foreign exchange concepts and activities in Australia. The platform, developed on Ripple and using the XRP digital currency for liquidity, delivers transparency for all users. Also, it offers transactional control and instantaneous settlement simultaneously cutting the costs of cross-border payments significantly. The platform has a meticulous design aiming to revolutionize the traditionally intricate and obscure procedures of these payments for all users. This move gave the entire cryptocurrency market a boost. To some extent, it has contributed to the process of making digital currencies break into the mainstream global financial systems. FlashFX shares Ripple’s vision of the Internet of Value with the goal of making foreign remittances as simple as sending emails. Nicolas Steiger, the CEO of FlashFX said: “We are excited to be part of the growth in international payments processing. It is about time that consumers and businesses saw a significant change in how money moves across borders. The service offers an alternative for Australians who want to remit a payment faster and cheaper than banks currently provide.” The Australian Market FlashFX went into the record as being the first Australian digital currency business to open shop in the country. The Australian Securities and Investments Commission (ASIC) gave them the Australian Financial Services License (AFSL). The country processes at least $50 billion annually in cross-border payments according to recent reports by AUSTRAC. Cooperation and competition between money service businesses (MSBs) and banks have become increasingly crucial as FX corridors have thrived. FlashFX is continuously leveraging its infrastructure with other legal MSBs in relevant payment corridors. They are constantly looking to grow the ecosystem and assist other payment processors to become Ripple-enabled. XRP Adoptions Ripple is changing how the world perceives cryptocurrency. The XRP transactions have successfully proven efficient and reliable after thorough assessments. The efficiency tests were done on the xrpscan and Bithomp’s platforms. XRP’s widespread acceptance by other platforms has caused the crypto markets to move significantly. The latest notable adoption is the case of Bitvolo Trustless Crypto Payment Gateway that added a plugin to their platform. The plugin enables writers to get their salaries and wages in crypto. It is also tasked to support Stellar [XLM] and Nano together with XRP along with IOTA. XRP and Ripple’s efforts to achieve mainstream adoption are not wasted. The Consistent Growth Ripple has expanded considerably in the recent months. As seen earlier, we published that it added 13 new companies reaching 200 active customers worldwide. Various other companies have already adopted xRapid that transacts international payments using the XRP cryptocurrency. Among the notable users are Catalyst Corporate Credit Union, Cuallix, and MercuryFX. Back in mid-2018, Ripple’s CEO stated that many major banks would use xRapid as a liquidity tool. His predictions have come true in the recent months. London-based Euro Exim Bank became the first institution to publicly announce using the XRP tokens for cross-border payments. The entry into the Australian market cements Ripple and XRP as the leaders in the cross-border cryptocurrency payment options. Ripple Comes to Australia as FlashFX Announces New XRP-Based Exchange

XRP reaches Australia as FlashFX adopts Ripple’s cryptocurrency

In a move that has given a boost to the cryptocurrency market, Flash FX, a payment transfer platform, has announced the launch of its latest cross border payment solution using XRP that is targeted to improve the concept of foreign exchange in Australia. Nicolas Steiger, the Chief Executive Officer of FlashFX stated that: “We are excited to be part of the evolution in international payments processing. It’s about time that consumers and businesses saw a meaningful change in how money is sent across borders. The service provides an alternative for Australians who want to send a payment faster and cheaper than banks currently provide.” FlashFX has always worked with the mantra of making cross border payments simple and effective, at the same time sharing Ripple’s vision of the Internet of Value. The company has also said that transmitting money and assets from one country to another should not be a tedious task but rather one that should be as simple as sending a text message. The Ripple partner is also the first Australian digital asset business to obtain the Australian Financial Services License [AFSL] provided by the Australian Securities and Investments Commission [ASIC]. The XRP transactions have also been proven to be successful after assessments on the Bithomp’s platform as well as on xrpscan. XRP’s adoption by other platforms has made waves in the cryptocurrency market with recent news that Bitvolo Trustless Crypto Payment Gateway has added a plugin that enables writers to receive payments in crypto. The plugin is tasked to support XRP along with IOTA, Stellar [XLM] and Nano. Ripple and XRP’s push to mainstream adoption has been supported by multiple proponents in the cryptospace, with the recent example being a famous Japanese lawmaker stating the cryptocurrencies would develop explosively in the future. He had said: “The latest cryptographic asset-related technology has come so far. If we do not get involved in such advanced fields, Japan will be lagging…  saying “Japan’s technology is amazing” and Japan celebrating cash settlements is going to be left in the world more and more…” The post XRP reaches Australia as FlashFX adopts Ripple’s cryptocurrency appeared first on AMBCrypto.

Australia: Regulators Freezes Assets of BitConnect Promoter John Bigatton

John Bigatton, the only representative for BitConnect Australia, has had his assets frozen by the  Australian Securities and Investments Commission (ASIC), functions very similarly to the Securities and Exchange Commission in the United States. Bigatton can’t travel, as part of the ongoing investigation. In the video below, Bigatton celebrates with BitConnect victims as cash rains The post Australia: Regulators Freezes Assets of BitConnect Promoter John Bigatton appeared first on CCN

The Wallet of Satoshi Launches as a New User-Friendly Bitcoin Lightning Network Wallet in Australia

2019 seems to have started on a high note for LRS (Living Room of Satoshi) and TravelbyBit. The two firms entered into a partnership through the Lightning Network to introduce grandma-friendly Bitcoin payments across Australia. On January 4, 2019, the payment gateway LRS and TravelbyBit -the first ever cryptocurrency travel agency in Australia- went live and launched the new product known as the Wallet of Satoshi. For starters, only 1000 beta wallets were launched with more to be made available in the following weeks. How The Users Benefit From Wallet Of Satoshi The Wallet of Satoshi intends to provide entry-level Bitcoin users with access to Lightning payments. In the course of 2018, The Lightning Network has been making noteworthy progress in its services. In the course of improvements, LN has also managed to break records for both adoption and capacity. Before the introduction of the new grandma –friendly Bitcoin wallet, the technology was still on the trial stages and only users who have the technical capability could effectively navigate through it. The developers of the Wallet of Satoshi felt the need to modify this restriction. That is why they came up with a user-friendly interface that makes it easy to do basic transactions like sending and receiving payments. Speaking with Nugget News, a local cryptocurrency journal, the CEO Daniel Alexiuc said that his firm, LRS, wanted everyone and their mothers to be a part of the new international economy. He also added that the lightning network wallet has been a long-awaited retail payment system that is finally here. Currently, the Wallet of Satoshi is only accessible to 1000 beta users. However, a full release is to be expected in the coming weeks. Moreover, the users can easily access the wallets on iOS and Android. Lightning Networks Transactions To Increase Despite the fact that the application of Bitcoin for small-scale payments is modest, Lightning Network intends to radically scale the number of transactions that the Bitcoin network can handle. It has undertaken preparations to ensure that the numbers increase consequently. According to 1ML, an online monitoring resource, the numbers are tangible and LN currently has more than 5000 nodes, nearly 18,000 channels and an overall capacity of 543 BTC ($2,050,000). In the meantime, the cryptocurrency travel agency TravelbyBit stated that it had incorporated the Lightning Networks payments to all of its PoS merchants in Australia. Brisbane Airport is amongst the PoS merchants. In addition, Binance, the world’s biggest cryptocurrency exchange, provided funding to the tune of $2.5 million in the firm in October 2018. Concurrently, there are other teams of developers who are also working extra hard to grab the functional and user-friendly concept in the LN. As a result, last week BlueWallet managed to release their offering. However, BlueWallet is still in the process of trying to include more features such as receiving Lightning Networks payments, being able to issue invoices, and the ability to withdraw from on-chain BTC wallets are also incorporated.
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BitConnect Crypto Ponzi Scheme Scammer’s Assets Frozen By A Court In Australia

BitConnect Scammer’s Assets Frozen By A Court In Australia A court in Australia decided to freeze BitConnect Director John Bigatton’s assets. BitConnect was one of the biggest pyramid and Ponzi schemes in the virtual currency market that fell back in January 2018. At the same time, the court banned him from leaving the country. Bigatton was not only the only representative of the company in Australia, but it was also the Director of BitConnect International PLC in the United Kingdom. According to a report released by Behind MLM, the decision that was taken by the court is related to an ongoing investigation related to BitConnect. Indeed, the Australian Securities and Investments Commission (ASIC) is behind it. Nevertheless, there are other regulatory agencies from other countries working with ASIC to better understand what happened with BitConnect. Bigatton’s wife, Madeline, has disappeared a few months after the collapse of the scam. Since March 2018, NSW police consider that his wife is a missing person. There was no more information about her since then. As per the report, there have been no sightings of Madeline Bigatton and her body has also not been found yet. BitConnect proposed investors a fast way to become rich fast. It allowed individuals to earn an interesting return on their investments. When the cryptocurrency market was reaching a new all-time high, BitConnect announced that it was giving investors their BCC coins back. After it, the coin plummeted down close to $1. Earlier in December 2018, scammers have been using a report released by the Texas Securities Board to reach out individuals and steal them. Individuals had to pay a fine if they wanted to receive their refunds.
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Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
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BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
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Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
Bitcoin Central
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