Trading

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…

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…