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Aussie School’s Cryptocurrency Programs Attract International Attention

05/04/2019 by Idelto Editor

Aussie School's Cryptocurrency Programs Attract International Attention

In August 2017, news.Bitcoin.com covered a number of cryptocurrency programs that were being offered to the students of Wooranna primary school in Victoria, Australia. Nearly two years later, the school’s cryptocurrency programs continue to thrive, with the students having recently interviewed Andreas Antonopolous, and attracted visitors from Europe, North America, and Asia.

Also Read: Australian Primary School Students Explore Bitcoin

Students of Wooranna Primary School Are Not Deterred by Bear Trend

The cryptocurrency programs offered to students of Wooranna primary school have continued to expand despite 2018’s bear trend. Even though the school is situated in a “low socioeconomic area” as described by Keiran Nolan, a former network engineer turned educational technologist who runs Wooranna’s blockchain programs, 2019 has already seen Wooranna’s students afforded unique opportunities within the cryptocurrency sector.

In January, the students were invited to help create the narrative for the educational edition of the video game Crypto Crisis, which was developed by Armoured Beans. The game allows players to operate a virtual mining rig, learning about heat management, energy consumption, and upgrading hardware in the process. The education edition was made available on Steam on Feb. 19 and was distributed to Wooranna’s companion schools in Sydney and New Zealand.

Aussie School’s Cryptocurrency Programs Attract International Attention

On Feb. 20, 11-year-old Wooranna students Sierra and Kynan interviewed Andreas Antonopolous, during which they discussed nodes, hardware wallets, the 21 million supply cap on BTC, and Minecraft.

Wooranna Cryptocurrency Programs Find International Attention

Recently, the students have been working with hardware wallets using Minecraft as a catalyst. Nolan states that the kids split into teams and set about sending some dogecoin to hardware wallets, “then in Minecraft, the teams find created ways to hide the 24 phrase, and both teams have to ‘hack’ the other account to retrieve the Dogecoin to their own wallets.”

The cryptocurrency programs have been to the benefit of many of the parents, in addition to the students, with Nolan recounting that “some parents on school council did really well on investments as a result” of being exposed to the technology, adding that “one of the kids learned how to mine ETH and did it at home with his dad, which was pretty awesome.”

Aussie School’s Cryptocurrency Programs Attract International Attention

Nolan recently presented at the world’s largest educational technology conference, Betts, in which he shared many of the successes of the programs, including the story of a Singaporean family who had relocated to Melbourne in order to facilitate their child’s attendance in the program.

Nolan is also currently working on Rocketshoes, a blockchain and IPFS educational platform that allows students to “keep track of their own learning materials, including assignments, notes, and digital assets.” In addition to Wooranna, more than 300 Australian schools and universities have expressed interest in adopting the platform.

Do you think that programs covering Bitcoin and distributed ledger technology should be incorporated into school curriculums? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Aussie School’s Cryptocurrency Programs Attract International Attention appeared first on Bitcoin News.

Filed Under: attention, Attract, aus, Aussie, Australia, australian, cryptocurrency, elementary, English, Featured, international, keiran nolan, News Bitcoin, nolan, Primary, Programs, school

Seba Crypto Expects Swiss Banking License, Independent Reserve Integrates Tax Tool

15/11/2018 by Idelto Editor

Seba Crypto Expects Swiss License, Independent Reserve Integrates Tax Tool

In recent exchange news, Seba Crypto AG has predicted that it will receive a Swiss banking license within the first half of 2019. We also look at the Independent Reserve, which has integrated a tax estimator tool into its user interface, as well as Point95 Global, which has announced plans to launch a “crypto quantitative fund” based in the Cayman Islands.

Also Read: Bitfinex Introduces Fees, Bitmex Rejects Claims It Trades Against Customers

‘Crypto Bank’ Aims to Secure License in 2019

Seba Crypto Expects Swiss License, Independent Reserve Integrates Tax ToolGuido Bühler, the chief executive officer of Seba Crypto, has predicted that the company — which recently raised $103 million to launch a so-called “crypto-bank” — will receive a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA) before the end of the second quarter of 2019.

Bühler indicated that Seba Crypto already sees significant demand from major financial institutions. He claimed that “five large asset managers from Germany and abroad have already made representations to [Seba Crypto].”

Australian Exchange Integrates Crypto Tax Estimator

Independent Reserve, an Australian cryptocurrency exchange, has announced the launch of a tax estimator developed by KPMG. The tool will allow the exchange’s users to estimate the tax obligations of their portfolios from its user interface.

Seba Expects Swiss License, Independent Reserve Integrates Tax ToolAdrian Przelozny, the chief executive officer of Independent Reserve, described the tool as “a piece of critical infrastructure that will help our users understand and help manage their risk.”

Laszlo Peter, head of blockchain services at KPMG Australia, emphasized the need for cryptocurrency traders to diligently observe their tax obligations. “The possibility of being non-compliant is a major source of legal risk,” Peter said. “We want to provide an easy-to-use tool that may assist participants in the newly emerging token-based economy to understand their tax obligations.”

Point95 Global to Launch ‘Crypto Quantitative Fund’

Seba Expects Swiss License, Independent Reserve Integrates Tax ToolPoint95 Global, a Shanghai-based digital asset management firm, has announced plans to launch a “crypto quantitative fund” in partnership with an unnamed asset manager in Hong Kong. The fund, to be domiciled in the Cayman Islands, will target professional investors and will use algorithms to capitalize on arbitrage opportunities across various crypto-asset markets.

Point95 Global claims to already be using these strategies to trade the top 10 cryptocurrencies by capitalization. It has put forward $3 million in seed capital, with the initial size of the fund expected to be $30 million.

Ye Jingyuan, the co-founder and chairman of Point95 Global — as well as the former vice-president of the global markets division of Bank of America Merrill Lynch in London — expects to launch the fund before 2019. He stated that the company is “aspiring to be one of the first crypto quantitative fund platforms that are compliant with the Hong Kong securities regulations, by operating with the right licenses.”

Do you think there is demand for financial institutions offering cryptocurrency-related services? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Seba Crypto Expects Swiss Banking License, Independent Reserve Integrates Tax Tool appeared first on Bitcoin News.

Filed Under: 2019, aus, australian, Cayman, crypto, English, Estimator, Exchange, Exchanges, Expects, fund, independent reserve, Integrates, June, KPMG, licensing, N-Economy, News Bitcoin, point 95, point 95 global, quantitative, seba, seba crypto, Tax

Exchanges Roundup: Startup Targets Crypto Micro-Investments, Kraken Denies Halifax Closure

10/09/2018 by Idelto Editor

Exchanges Round-Up: Aus Start-Up Targets Crypto Micro-Investments, Kraken Denies Halifax Closure

In recent news pertaining to cryptocurrency exchanges, Perth-based Bamboo has announced it will launch an app designed to easily facilitate micro-investments in cryptocurrencies, Kraken has rejected an internet rumor that claimed the company had closed a Canadian facility amid security concerns, and Roboforex has increased the leverage available on its cryptocurrency markets to 1:50.

Also Read: Kucoin Expands Into Australia After $3M Bitcoin Australia Deal

Australian Startup to Facilitate Micro-Investments in Crypto Markets

Exchanges Round-Up: Aus Start-Up Targets Crypto Micro-Investments, Kraken Denies Halifax ClosureBamboo, a Perth-based startup, has announced its intention to facilitate micro-transactions into cryptocurrencies through its app. The company plans on launching in Australia and the United States later this year.

Phil George, the chief executive and co-founder of Bamboo, stated: “Our platform aims to provide access to different investment opportunities like cryptocurrencies,” adding: “We wanted to build product and tools that made it easy for anyone to get involved [with cryptocurrencies]. We call it democratizing finance. […] Robinhood is an application that makes it easier to trade shares in a way that’s as powerful as platforms that you needed $100,000 just to trade on. Now you can do it with just $5.”

Mr. George also indicated that Bamboo intends to expand to target emerging markets in the future, stating: “A lot of the third-world nations are as eager, if not more eager, because the barrier to entry is so low with the app that everyone feels like they have an opportunity to be a part of it, and they do. […] I guess what’s next is how aggressively can we launch into new markets that maybe others have overlooked because they don’t have a huge disposable income and they don’t have a huge amount of individual wealth. That doesn’t mean that they shouldn’t be afforded the same opportunity.”

Kraken Denies Rumored Office Closure in Canada

Exchanges Round-Up: Aus Start-Up Targets Crypto Micro-Investments, Kraken Denies Halifax ClosureMajor United States-based cryptocurrency exchange, Kraken, has denied recent rumors circulating on social media claiming that the exchange would be ceasing operations at a service center facility in Halifax, Canada due to a security concern.

The rumor is believed to have originated from a post on Reddit stating: “Kraken Currency exchange in Halifax unit 102 at 60 Highfield park drive has just laid off hundreds of people in response to a security breach.” Furthermore, the post alleged there was “a giant commotion happening” with “private security […] escorting people off the premises after making them sign voluntary quit forms.” A comment from a now-deleted user sought to corroborate the accusations, claiming to be an employee who had been forced to accept a voluntary resignation, adding “Security everywhere, required to hand in door fobs. Sitting in lunchroom, get told that due to volumes being down (both trading and support ticket), and in light of the opening of a new office in Asia, we need to reduce costs, and layoff of recently hired (<3 months, approx 57 people) was not enough.”

In response to a question pertaining to allegations posted on the Twitter account for Kraken Support, the exchange stated: “We can confirm that we are not shutting down any operations in any specific place, and there has been no security breach. Everything is fine & secure.”

Roboforex Ups Leverage to 50x

Exchanges Round-Up: Aus Start-Up Targets Crypto Micro-Investments, Kraken Denies Halifax ClosureRoboforex, the Belize-based subsidiary of Roboforex Group, has announced an increase in the leverage value available for trading operations pertaining to the company’s cryptocurrency markets.

As of this month, Roboforex’s customers will be able to trade bitcoin cash, bitcoin core, dash, EOS, ethereum, litecoin, and ripple using leverage of up to 1:50 – up from the previous margin limit of 1:10.

Chief Marketing Officer at Roboforex, Denis Golomedov, stated: “Many of our clients trade cryptocurrencies. It’s really important for them to cooperate with the broker which provides the most comfortable trading conditions and highest security level when they trade these instruments. The increased leverage will allow our clients to implement a wider range of trading strategies and significantly increase their trading volume.”

Do you believe there is significant demand for micro-investments in cryptocurrencies? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Exchanges Roundup: Startup Targets Crypto Micro-Investments, Kraken Denies Halifax Closure appeared first on Bitcoin News.

Filed Under: 1:50, 50x, App, aus, Australia, australian, bamboo, Canada, Canadian, closure, crypto, Cryptocurrencies, cryptocurrency, Denies, English, Exchanges, Halifax, Investments, Kraken, leverage, micro, N-Economy, News Bitcoin, perth, roboforex, round, startup, targets

Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTC

07/08/2018 by Idelto Editor

Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTC

In recent news pertaining to virtual currency exchanges, Coinjar has launched Australia’s first cryptocurrency index fund; Square’s latest quarterly report has revealed that company is executing its crypto trades via the over-the-counter (OTC) markets rather than “public cryptocurrency exchanges;” and Poloniex has launched EOS pairings.

Also Read: SEC Has No Jurisdiction to Look at Bitcoin for ETF Decision, Admits Commissioner

Coinjar Launches Australia’s First Crypto Index Fund

Coinjar, a financial and cryptocurrency services company based in Australia and the United Kingdom that claims to have processed over $1.2 billion in virtual currency transactions, has announced the launch of Australia’s first cryptocurrency index fund.

The “Coinjar Digital Currency Fund” is an index fund targeting wholesale investors. Eligible investors must have net assets of at least $2.5 million AUD or have a gross income of no less than $250,000 AUD for the previous two years. Minimum contributions from new investors have been set at $50,000 AUD, whilst current investors are able to make incremental payments of at least $10,000 AUD.

The fund has two “classes”; ‘Bitcoin Class’ – “which provides exposure to Bitcoin (BTC) only”; and ‘Mixed Class’ – which “aims to track the performance of four digital currencies, weighted by fixed supply – Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC).” The fund does not incur “establishment costs, contribution fees, or performance fees,” however, “Management fees are 1.3% per annum for Bitcoin Class and 1.8% per annum for Mixed Class plus normal operating costs.”

Jordan Michaelides, institutional head at Coinjar, stated: “We are launching the Coinjar Digital Currency Fund to handle the custody risks, simplify the investment process and provide industry best practice in security for wholesale investors.”

Quarterly Report Shows Square is Trading Crypto Via OTC Markets Rather Than Exchanges

Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTCFinancial and merchant services company, Square, Inc., has revealed in its most recent quarterly report that the company is trading bitcoin via “private broker-dealers” rather than “public cryptocurrency exchanges.”

Analysts have speculated that the move will facilitate Square providing a cryptocurrency platform with reduced price volatility when trading larger volume. Meltem Demirors, chief strategy officer at Coinshares, stated, “Working with a broker likely gets Square better pricing and better execution services than floating orders on the open market, as well as more confidentiality.”

Hunter Horsley, the chief executive officer of Bitwise Asset Management, has also praised Square’s decision to trade via the OTC markets. “There are many merits to trading OTC, which might be motivating Square’s switch,” Hunter said, emphasizing the reduced risk of slippage when trading OTC. “Prices, net of fees, are often better, especially for large orders,” he added.

Poloniex Launches EOS Pairings

Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTCPoloniex has announced the introduction of pairings for the fourth most traded and fifth largest cryptocurrency market by capitalization, EOS. Pairings are now live for EOS/USDT, EOS/BTC, and EOS/ETH.

At present, Poloniex has expressed that it plans to only support EOS mainnet tokens, and “will not be accepting deposits of the ERC-20 variant or providing conversion to mainnet tokens.” Additionally, Poloniex “will not be supporting EOS airdrops for the time being.”

What is your response to Square’s move to trade crypto via the OTC markets rather than major exchanges? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Square Inc., Poloniex


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Exchanges Round-Up: Coinjar Launches Aussie Crypto Fund, Square Trades OTC appeared first on Bitcoin News.

Filed Under: aus, Aussie, Australia, CoinJar, counter, crypto, English, EOS, fund, index, Launches, N-Economy, News Bitcoin, OTC, Over, Over-the-counter, Pairings, Poloniex, round, Square, Trades, up

Australian Firms Partner to Provide Crypto Custody Services

15/07/2018 by Idelto Editor

Australian Firms Partner to Provide Crypto Custody Services

Decentralised Capital, an Australian advisory firm “specializing in blockchain assets” and “asset management services,” has announced a partnership with Custodian Vaults, an Australian private vaulting company, to offer insured cryptocurrency custody services to the Australasian market.

Also Read: Have You Tried Blockchain 5.0 Yet? Nobody Else Has Either

Decentralised Capital and Custodian Vaults Partner to Provide Cryptocurrency Custody Services

Australian Firms Partner to Provide Crypto Custody ServicesIt has been announced that Decentralised Capital and Custodian Vaults are teaming up to provide insured cryptocurrency custody services in the form of what the companies are describing as Australia’s first insured cryptocurrency vault

According to According to Australian Financial Review, Stephen Moss, Decentralised Capital’s founder and the son of former Macquarie Bank property chief, Bill Moss, described the project as seeking to provide “a solution for the next phase of the industry” adding “it gives real security […] You can’t hack your way into the safe.”

Mr. Moss emphasized that his company is hoping to ride the cryptocurrency boom for the long-haul, stating:”In my opinion bitcoin will not be remembered as the bubble, but the pin. While the short-term future of bitcoin may be debatable, the blockchain and its benefits are not.”

The founder of Decentralised Capital stated that “the new vault provide[s] customers [with] direct access to their holdings and combined physical surveillance, biometric identification, pin codes, CCTV monitoring, alarm and fire control systems.” Additionally, the vault premises “also house a private Wi-Fi room to allow cryptocurrency transfers in and out.”

Custody Services Aimed at Crypto High Rollers

Australian Firms Partner to Provide Crypto Custody ServicesThe companies’ vault services will is expected to predominantly target institutional and wealthy investors, in addition to cryptocurrency exchangers and issuers of initial coin offerings. Mr. Moss has stated that the digital currencies held in the companies’ possession insured, however, did not provide the insurance provider’s name.

Janie Simpson, the director of Pallion – a precious metals firm that owns Custodian Vaults, described the company’s decision to enter into the cryptocurrency custody industry as having been spurred by growing customer demand.

“While traditionally we have offered secure vault services for clients storing precious metals and other assets, we are increasingly receiving interest from clients searching for solutions to store cryptocurrency,” Mrs. Simpson said.

Do you feel that cryptocurrency investors are in need of a greater array of custodianship services? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Australian Firms Partner to Provide Crypto Custody Services appeared first on Bitcoin News.

Filed Under: aura group, aus, Aussie, australian, crypto, custodian vaults, custody, decentralised capital, English, Firms, janie simpson, macquarie, N-Economy, News Bitcoin, pallion, partner, Provide, Services, stephen moss, vault

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