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Bitcoin back in the trough

Bitcoin is suffering its third correction of the year. On Friday, the cryptocurrency was trading on BTC Markets at around A$8950. Since its big fall to around $8000 in February it has been as high as $14,830 in March, $12,790

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Raiz launches super product

Raiz Invest (formerly Acorns Grow Australia) has launched a superannuation product, Raiz Invest Super, which will work along similar lines to its popular non-super micro-investing platform. Using a platform that is available via a smartphone app or website, Raiz customers

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The index approach to digital currency investment

Cryptocurrency trading company CoinJar has joined the growing number of local groups offering managed cryptocurrency funds, with the launch of the first local fund offering exposure to the asset class through an index portfolio. CoinJar Digital Currency Fund is an

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12-month TD rate hits 3 per cent

The top rate for a 12-month term deposit has cracked 3 per cent, after being stuck at 2.8 per cent for months. With rates going up by as much as 44 basis points, it is a good time for savers

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What the profit reporting season holds

With the profit reporting season getting into its stride this week, ASX-listed companies are on target to deliver close to double-digit earnings growth. However, there will be significant variations between sectors. UBS says it expects earnings growth of around 9

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Fixed mortgage rates fall

While home loan borrowers have been counting the cost of rising variable mortgage rates over the past couple of months, there is good news in the fixed rate segment of the market, where rates are going down. The latest Mozo

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Life insurance premiums to soar

Super fund members could end up paying anywhere between 11 and 26 per cent more for life insurance cover offered by their funds, when changes to the system result in fewer young fund members and those on low incomes having

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Cryptocurrency taken into custody

Two local companies, Decentralised Capital and Custodian Vaults, have formed a partnership to offer an insured cryptocurrency custody service, claiming it is a first for Australia. Custodian Vaults is Australia’s largest independent precious metals secure storage service. It also offers

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ASIC takes aim at super industry

ASIC Chair James Shipton has laid the groundwork for the regulator to play a far more activist role in overseeing the superannuation industry. In a speech to the Financial Services Council Summit, he spoke of “deficit trust” facing the finance

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SMSF Association draws a line in the sand over costs

The SMSF Association has taken issue with the Productivity Commission’s draft findings about the cost effectiveness of self-managed super funds (SMSFs), arguing the evidence used to reach this conclusion is “fundamentally flawed”. And the Commission’s focus on costs also fails

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Raiz launches super product

Raiz Invest (formerly Acorns Grow Australia) has launched a superannuation product, Raiz Invest Super, which will work along

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