Mastercard Announces Plans to Offer Cryptocurrency Services

Mastercard will soon allow its banks to provide cryptocurrency services. The financial institution has partnered with cryptocurrency exchange firm Bakkt to expand crypto options across the thousands of merchants and banks under its vast payment network. Mastercard made the announcement this week at the Money20/20 fintech conference. The company’s partnership with Bakkt will enable Crypto-as-a-Service,…

Telstra Acquires Digicel Pacific Under $2.14 Billion Deal

Telstra has announced this week it will partner with the Australian Government to acquire and manage mobile network company Digicel Pacific. Digicel Pacific is currently the leading telecommunications operator in the South Pacific. Over the past 15 years Digicel Pacific has earned a place as the foremost telecommunications provider for South Pacific nations Papua New…

Online Privacy Bill Could Change Social Media in Australia

Yesterday the Morrison Government released the exposure draft of a potentially game-changing new online privacy bill. The Online Privacy Bill would target social media platforms’ use of their users’ private information. According to the explanatory paper, the Bill was drafted in response to the 2018 Facebook/Cambridge Analytica data mining scandal. The scandal revealed that Facebook…

Cryptocurrency approaching formal regulation as major Ethereum upgrade advances

A senate inquiry led by Liberal Senator Andrew Bragg is approaching its final stages and prepares to make its recommendations around the regulation of the burgeoning cryptocurrency space in Australia. With some reports suggesting up to 1 in 5 Australians own or intend to own cryptocurrencies, regulation is almost inevitable. Regulation may further accelerate broader…

The G7 Summit: What did the world leaders agree on?

The leaders of the G7 countries have recently ended a three-day summit, pledging to address vaccine inequity, climate change, global taxes, and China’s growing power. In a communique released at the conclusion of the meeting in Cornwall, England, the leaders of the G7 countries – France, Germany, Japan, Italy, Canada, the United Kingdom, and the…