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Coinbase Additions, Enterprise Patents, and Massive Hacks: This Week in Crypto

Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this weeks edition of The Bitcoin Podcast by CCN on iTunes or wherever you get your podcasts. Price Watch: Bitcoin fell nearly 8% this week after jumping above $6,800 early this week. The market The post Coinbase Additions, Enterprise Patents, and Massive ...
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Bank of Queensland Bans Crypto Purchases Using Home Equity Loans

Australian retail lender Bank of Queensland is updating its borrowers’ loan contracts to keep them from purchasing cryptocurrency using mortgage funds. Brisbane-based Bank of Queensland, a retail bank listed on Australia’s primary stock exchange is discouraging its borrowers from using real-estate mortgages to purchase cryptocurrency after deeming it a high-risk investment, according to the Austra...
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Australia’s Tax Agency Will Target Cryptocurrency Investors Trading Beyond Borders

The Australian Tax Office (ATO) will chase citizens hiding their cryptocurrency trading gains offshore to remind them of their tax obligations using data sharing agreements with other nations. Australia’s tax authority will use advanced data-matching techniques through existing data sharing agreements with other nations to target crypto investors trading on offshore exchanges at a time The post Au...
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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...
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Regulated Australian Cryptocurrency Exchange to Launch Ripple (XRP) Trading

Independent Reserve, Australia’s first regulated cryptocurrency exchange, will add support for Ripple’s token currency XRP this week. Sydney-based cryptocurrency exchange Independent Reserve is reportedly enabling support for Ripple (XRP), the world’s third-largest cryptocurrency by market cap after Bitcoin and Ethereum. With launch of trading on July 7, the exchange is offering trading to both re...
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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 ...
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Australia’s Tax Office is Using a ‘100-Point’ Check System to Chase Crypto Traders

The Australian Tax Office (ATO) has cast a wide net to investigate crypto investors after classifying cryptocurrencies like bitcoin as ‘assets’ liable for capital gains taxes. Earlier this year, the ATO published its guidance on the tax treatment of cryptocurrencies. Highlighting bitcoin as an example, the authority said it viewed cryptocurrencies as neither money nor The post Australia’s Tax Offi...
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Aussie Crypto Exchange Blockbid Partners with Risk Management Giant LexisNexis

Melbourne-based crypto trading platform Blockbid has become the first cryptocurrency exchange in the world to introduce a new generation of risk management and identity verification technology developed in partnership with LexisNexis Risk Solutions and ThreatMetrix. The partnership combines the 1.4 billion-strong identity database owned by ThreatMetrix with the LexisNexis database of potentially h...
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