Trading

Ibinex added to Australian Digital Commerce Association

Ibinex, a company that specializes in white-label versions of cryptocurrency software, has announced that it is joining the Australian Digital Commerce Association (ADCA) as it launches the second iteration of its platform. The company’s white-label platform offers a third-party opportunity for financial institutions to work in cryptocurrency trading and includes mainstream currency pairings as well…

Pound sterling on worst dollar run since 2008 crash

The Great British pound has seen its worst performance run against the US dollar in a decade, as many factors came together to cause it to drop 11 days in a row against the US currency. A “perfect storm” of difficult trading conditions is set to undo all the good progress that the pound made…

Australian entrepreneur set to launch crypto bank

Fred Schebesta, tech entrepreneur and co-founder of search comparison site Finder.com, has announced that he is looking to initiate Australia’s first bank dedicated to digital coin and cryptocurrencies.  Schebesta claimed that there is a market for those looking for an official institution to trade with crypto and that interest in the currency mechanism is continually…

UK looking to begin post-Brexit trade talks with China

The UK’s Foreign Secretary Jeremy Hunt said on Monday that he is welcoming the news of China’s invitation to begin trade talks and work toward securing a deal with the UK once it leaves the European Union. Hunt, who assumed his role this month, met with counterpart Wang Yi and other high-level delegates in Beijing….

Former PwC director takes over at bitcoin.com.au

Leading cryptocurrency exchange bitcoin.com.au has appointed a new CEO, Ben Ingram, formerly a digital strategy director at accountancy company PricewaterhouseCoopers (PwC). Ingram, who left PwC in March, joins Rob Jesudason, former finance chief at Commonwealth Bank of Australia, in the world of cryptocurrency. Jesudason left his prior position in May to take over running Block.one,…

Reserve Bank warns payment providers over system outages

The Reserve Bank of Australia (RBA) has issued a warning to electronic payment systems providers that it will not tolerate service outages. Speaking at a conference in Shanghai, RBA Assistant Governor for Financial Systems Michele Bullock suggested that the Australian financial system regulators are prepared to act against banks and payment providers that do not…

IG Research – The long and the short of it

It’s been a big night for the USD, but the focus sharply turns to the AUD, where traders have the prospect of facing both Aussie consumer confidence (out at 10:30 aest) and Q1 wage data (11:30 aest).The US session has been marked once again by political scandal, with Donald Trump’s maverick behaviour promoting political analysts…