Blockchain 

Power Ledger Strikes Deal to Roll Out Blockchain in South Australia

Australian blockchain energy firm Power Ledger has partnered with a local energy retailer to roll out its technology in South Australia. Power Ledger’s blockchain-based software will allow Australians to pool their excess solar and battery storage to a Virtual Power Plant for greater control and management over their energy. Commercial deal with Australian electricity wholesaler Powerclub Within the partnership, Power Ledger will be integrating its blockchain-based energy trading application Virtual Power Plant (VPP) to a commercial offering of Australian electricity wholesaler Powerclub, the firm announced Nov. 7. Similarly to other…

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Blockchain 

Power Ledger Goes to Rural Australia to Trade Surplus Energy via DLT

Australian blockchain energy startup Power Ledger has launched its first trial of peer-to-peer (P2P) energy trading technology in rural areas. Energy monetization for outlying settlements According to a blog post on Sept. 9, Power Ledger has launched pilots outside of a metropolitan area in Western Australia, intending to help outlying commercial settlements and farms improve the efficiency of their power grid and reduce associated costs. Specifically, Power Ledger’s blockchain P2P platform aims to allow those sites to monetize their surplus solar energy, while existing tariffs provide no financial compensation to…

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Bitcoin 

Gemini Launches in Australia, Enables All Supported Coins Except GUSD

The Winklevoss twins’ crypto exchange and custody Gemini is expanding to Australia, enabling residents of the country to use its platform to buy, sell and store crypto. Australian residents can now download the Gemini mobile app on iOS or Android to trade major cryptocurrencies, according to a press release shared with Cointelegraph on Aug. 21. The list of supported digital coins includes Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Zcash (ZEC). While Gemini supports six cryptos, its stablecoin Gemini dollar (GUSD) is not supported in Australia, according…

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Ethereum 

Biggest University in Western Australia Accepts Bitcoin for PhD Program

Curtin University, the largest university in Western Australia with over 58,00 students, announced the launch of a cryptocurrency PhD program on July 23, 2019.  Curtin University Accepts Bitcoin, Ethereum The Cryptocurrency PhD Scholarship Fund will allow companies and individuals to help PhD students studying  blockchain, cybersecurity and data analytics through cryptocurrency funding.  Focused on cryptocurrency and blockchain technology, the higher education program will be entirely funded through bitcoin or ethereum, which school officials say will help popularize cryptocurrencies as a payment method.  Curtin University Associate Deputy Vice-Chancellor Research Excellence Professor…

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Bitcoin 

Australia Central Bank Argues Bitcoin ‘Unlikely’ To Become Mainstream

Australia’s central bank said bitcoin (BTC) and cryptocurrencies would remain outside mainstream payments in a dedicated article issued on June 20. Titled ‘Cryptocurrency: Ten Years On,’ the document from the Reserve Bank of Australia (RBA) appears to commemorate the past decade of bitcoin’s existence while admitting zero faith in its future beyond a niche asset. “Despite achieving some name recognition, cryptocurrencies are not widely used for payments,” its abstract summarizes. “This article examines why Bitcoin is unlikely to become a ubiquitous payment method in Australia, and summarises how subsequent cryptocurrencies…

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Bitcoin 

Australia Investigating Major Tax Crimes as Part of Crypto-Focused Tax Enforcement Taskforce

Australia’s tax agency, the Australian Tax Office (ATO), is investigating 12 major international tax avoidance schemes, with a key focus on cryptocurrency-enabled activities. The news was reported by local broadsheet The Sydney Morning Herald on June 6. The ATO’s intensified cross-border investigations were reportedly revealed following a meeting of the J5 — also known as “The Joint Chiefs of Global Tax Enforcement.” As previously reported, the J5 is an international taskforce of tax enforcement authorities from Australia, Canada, the Netherlands, the United Kingdom and the United States. It was established…

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Blockchain 

Australia Opposition Party Promises $2.1 Mln Blockchain Academy Pending May Election Win

Australia’s main opposition party would inject $3 million AUD ($2.1 million) into blockchain technology should it win next month’s federal election, tech news magazine ZDNet reported on May 1. Under plans previously outlined as part of its election pledges, the Australian Labor Party said it would divert the funds to set up a dedicated Blockchain Academy in the western city of Perth. “The Liberal government has failed to tackle major tech skills shortages that are holding back Australian businesses,” the publication quotes Shadow Minister for the Digital Economy, Ed Husic,…

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Blockchain 

Australia Announces National Blockchain Roadmap and Further Boost to Government Funding

Australia has unveiled a national blockchain strategy and roadmap, with a boost of AU$100,000 (~$71,200) in further funding from the federal government. The news was announced in a joint media release from two Australian ministries on March 18. Minister for Industry, Science and Technology Karen Andrews and Minister for Trade, Tourism and Investment Simon Birmingham have jointly stated that the new policy roadmap aims to make Australia’s nascent blockchain industry into a global leader. The roadmap will encompass the development of blockchain “regulation, skills and capacity building, innovation, investment, and…

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