80 Bitcoin Ransom Demanded in Alleged Down Under Kidnapping of Chinese Student – CCN Markets

A Chinese student studying in Australia is allegedly being held at ransom with the kidnappers demanding Bitcoin worth over a million Australian dollars before they can release him. According to the Southern Metropolis Daily, the father of the 20-year old student was contacted by the kidnappers on August 24th. The kidnappers demanded 80 Bitcoin within …

Major Aussie Uni Unveils Crypto-Crowdfund PhD with Bitcoin & Ethereum

The largest institution of higher learning in Western Australia, Curtin University, has launched a crypto PhD Scholarship Fund that will accept donations entirely in Bitcoin and Ethereum cryptocurrencies. The PhD program is targeting students interested in pursuing blockchain technology and other computer science subsets. A new Cryptocurrency PhD Scholarship Fund launched by @CurtinUniwill enable companies …

Crypto Firm Power Ledger Criticized for Rewarding Rogue Bounty Hunters

An Australian blockchain-based peer-to-peer electricity trading startup is on the receiving end of criticism for rewarding bounty hunters who used unscrupulous means to drive interest in its crypto token. According to the Financial Review, Power Ledger has been criticized for allocating free tokens to bounty hunters who made exaggerated or false claims regarding the startup …

Power Ledger’s Blockchain Energy Service is Live in Fremantle

Australia’s coastal city of Fremantle has kicked off a trial that will allow some residents to trade solar power on a blockchain-based platform provided by renewable energy-focused crypto startup Power Ledger. According to the Minister for Finance, Energy and Aboriginal Affairs in the government of Western Australia, Ben Wyatt, around 40 households in Fremantle will …