2040 Wealth

Now might be the time to check your superannuation after The Australian Federal Police revealed details about a major fraud and identify theft syndicate operating in Australia. The syndicate gained access to Australians superannuation accounts and managed to withdraw funds from an unknown number of accounts by changing the person's age to the retirement age. A Melbourne woman suspected for her involvement in the syndicate will face court tomorrow and could be facing upto 50 charges including conspiracy to cause unauthorised access and/or modification of data. Authorities say the syndicate acquired stolen identity information on the dark web and used fake email addresses and single use SIM cards to take over accounts. You can read more about the breach at itnews

News articles having coming out about Microsoft and Amazon integration of blockchain solutions into thier respective Cloud products for a little while now, however this morning I discovered a new integration by Microsoft which could prove very powerful. For those that don't know Microsoft Flow is a automation platform developed by Microsoft which allows you to automate processes, similar to IFTTT. The new integration with Microsoft Flow will allow the possibility of creating automated workflows that can publish smart contracts, read the state of a smart contract, or trigger a flow when a contract updates. These new features are in preview stage and are available for developers to tinker with if you have access to Microsoft Flow which is typically accessed through an Office 365 subscription, however it is also available on personal Microsoft accounts as well. Check out the new features documented on the Microsoft website at  https://docs.microsoft.com/en-au/connectors/blo...

This is breaking in Australian cryptocurrency news, AUSTRAC has just shut down to Australian cryptocurrency exchanges in a series of Federal Police raids across Melbourne. The names of the cryptocurrency exchanges are unknown at this time however a 27 year-old associated with the exchanges has been arrested. More than 2 million dollars in assets have also been seized by the Australian Federal Police following a court order. The two cryptocurrency exchanges will not be permitted to operate until further notice. Read the full article at: https://micky.com.au/two-australian-bitcoin-exchanges-shut-down-following-arrest-of-key-executive /

An interesting development in government blockchain news, the South Australian government is planning to use blockchain technology to power the next election using Horizon State. Horizon State is a blockchain company based in Melbourne, and their token HST Powers their blockchain voting platform. It's an interesting development considering that the digital transformation agency recently came out again stating that blockchain technology didn't really have a use in government services at this stage due to it's inability to edit or delete records. However for voting it makes perfect sense to use blockchain to verify voters and prevent fraudulent votes and tampering. You can read the full article from Micky at the link below. https://micky.com.au/blockchain-technology-used-by-south-australian-government-to-conduct-election/

MyCryptoWallet announces mCryptoCard to buy groceries with your crypto Australian cryptocurrency exchange MyCryptoWallet just announced their new crypto debit card, mCryptoCard, which allows you to use your cryptocurrency stored on their exchange to purchase goods and services via EFTPOS. At launch you will be able to use the card to buy goods and services using one of the following five cryptocurrencies; See the full story at: https://micky.com.au/buy-groceries-with-power-ledger-and-xrp-seriously/ Power Ledger Litecoin Ethereum Bitcoin Ripple This is a pretty interesting development from the myCryptoWallet exchange considering NAB froze thier bank accounts recently, however it sounds like a really cool idea which will be great for adoption, allowing you to spend your cryptocurrency on groceries at your local shops.

On October 1st, Digibyte revealed their brand new website alongside a new domain name changing from digibyte.co to digibyte.io, and the previous domain name is currently redirecting to the new one. Upon checking the new website you'll notice an updated roadmap with the projects that Digibyte are working on, most of these are projects we already know about like messaging, Emma A.I, DigiID .etc which are great projects to improve the platform. Check out the Digibyte Roadmap here:  https://digibyte.io/digibyte-roadmap As part of the Citi Tech for Integrity challenge, Digibyte won the "Best community award" while it wasn't the award we were hoping for its still very good news for Digibyte and the fact that they will now have the help and support of Citi as well as partnerships with the other award recipients this is all very good news. Check out the recorded stream of the Citi Tech awards here:  https://www.facebook.com/citi/videos/1468366343228918/