Australian ‘Big 4’ Bank Taps Ethereum Blockchain for 17-Ton Almond Shipment to Germany

The Commonwealth Bank of Australia (CBA) has announced the successful completion of a global trade experiment involving a shipment of 17 metric tonnes of almonds from Australia to Germany using blockchain tech. The CBA, one of Australia’s so-called “Big Four” banks, announced the successful blockchain-powered shipment of the international trade endeavor involving the bank and …

Decentralised Capital Launches Australia’s First Cryptocurrency Vault

Blockchain and investment company Decentralised Capital has announced the launch of Australia’s first ever cold storage vault for digital assets. The vault was created in partnership with Custodian Vaults, a subsidiary of precious metals firm Pallion Group. According to Stephen Moss, founder and director of Decentralised Capital, the new crypto vault is expected to take …

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 …

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 …

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 retail …

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 …

Australia’s Tax Office is Using a ‘100-Point’ Check 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 …