Mastercard has successfully completed a trial of a central bank digital currency (CBDC) in collaboration with the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC). The project focused on exploring Mastercard’s capabilities to facilitate CBDC transactions on the public Ethereum blockchain. This move comes in response to growing consumer demand […]
Mastercard has successfully completed a trial involving central bank digital currencies (CBDCs) on different blockchains, similar to wrapped Bitcoin and wrapped Ether. The trial was conducted with the Reserve Bank of Australia (RBA) and the country’s Digital Finance Cooperative Research Centre CBDC, along with participation from Cuscal and Mintable. The solution allowed a CBDC owner […]
Elon Musk, the owner of the social media website X (formerly known as Twitter), recently hosted a gaming stream on the platform. The stream featured Musk playing Diablo 4 and answering questions from viewers. This was a test of X’s new streaming feature, which was deemed successful with no technical issues. Musk’s goal is to […]
Web3 gaming platform Immutable has partnered with Amazon Web Services (AWS) to expand options for game developers. Immutable has been added to AWS’s ISV Accelerate Program, which provides software solutions that run on or integrate with AWS. Developers looking to build on Immutable’s blockchain can also join AWS Activate, which offers perks such as technical […]
The Australian Freight & Trade Alliance (FTA) is considering a partnership with Ripple, a fintech company known for its blockchain-based payment solutions. FTA Director Paul Zalai expressed openness to collaboration with Ripple, and while no formal announcement has been made, the international trade sector in Australia is taking notice. Ripple had previously approached the FTA […]
Paul Zalai, Director of the Australian Freight & Trade Alliance (FTA), recently hinted at a potential collaboration with Ripple, the San Francisco-based fintech firm known for its blockchain-based payment solutions. In an interview with La Chang of YouTube channel TGL (Think Global Logistics), Zalai revealed that he doesn’t understand much about blockchain, but his son […]
The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against Bit Trade, the operator of the Kraken cryptocurrency exchange in Australia. ASIC alleges that Bit Trade neglected to establish a target market determination before offering its margin trading product to Australian clients, in violation of design and distribution requirements for financial product providers […]
The Senate Committee on Economics Legislation in Australia has provided feedback to the cryptocurrency bill introduced by senator Andrew Bragg. The committee has asked for minor amendments to the bill, such as removing the term nonfungible tokens (NFTs) from the definition of regulated digital assets and excluding certain asset-based tokens from the definition of stablecoin. […]
Ben Rose, General Manager of Binance Australia, is confident that the Australian government will make the right decisions when it comes to digital asset regulations. Despite recent hostility towards crypto, including a search by regulators and banking blocks from the traditional finance sector, Rose is focused on restoring banking ties and returning fiat ramp services […]
Cryptocurrency exchanges in Australia are taking preventative measures to protect their users from scams. At a panel of the fintech conference Intersekt 2023 in Melbourne, executives from major Australian crypto firms discussed the issue of scams and fraud in crypto. The firms have implemented automated and manual Anti-Money Laundering (AML) checks, investigations, education and communication […]
