Tag: ASX

New Chairman Confirms ASX Is Proceeding with Blockchain Project Following Resignation of Elmer Funke Kupper

The abrupt resignation of Elmer Funke Kupper from his post as chief executive officer of the Australian Securities Exchange (ASX) on Monday, led many to question if the blockchain project he started with Digital Asset Holdings will ever come to fruition. On Monday, the ASX issued a release clarifying the circumstances of Mr Kupper’s departure and announced that ASX Chairman Rick Holliday-Smith, will temporarily take over the role of Executive …
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Bitcoin Group Raises $5.9 million AUD in IPO Phase

Bitcoin Group Limited, a digital currency mining firm based in Melbourne, has announced the completion of its IPO phase. In an investor updated posted on the official BG blog, Sam Lee, CEO of Bitcoin Group, confirmed that the IPO netted a total of AUD $5.9 million. While the amount sounds impressive, it falls short of the original $20 million target. The IPO officially ended on the 25th of January and …
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Digital Asset Holdings Raises $50 Million in Funding Round

Digital Asset Holdings, a developer of financial blockchain applications, announced a successful fundraising round to the tune of $50 million. Participants included some of the biggest names in banking such as ABN AMRO, BNP Paribas and J.P. Morgan. Blythe Masters, CEO of Digital Asset Holdings and former JP Morgan executive, views the success of this funding round as proof that distributed ledger technology is here to stay: “These investments represent …
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Bitcoin Group to Begin Trading on the Australian Stock Exchange

The Bitcoin Group (BG), a digital currency mining firm based in Australia, will be listed on the Australian Securities Exchange at the beginning of February. BG first announced their plans for an IPO in October of 2014, but various regulatory hurdles and incidents with the Australian Securities and Investments Commission (ASIC) delayed the process. The Melbourne-based BG was warned by the ASIC about making various representations regarding their IPO, which …
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