Coinbase's Series B comes shortly after Aussie startup Coinjar gets its own AU$500,000.
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The company has decided on a local exchange rather than a US one to contribute to the local startup ecosystem.
PushStart Accelerator is closing its doors as its parent organisation PushStart moves to focus on non-commercial activities.
Recognised as a significant contributor to the digital economy, Sydney tech startups will receive more of the City of Sydney's attention as part of its economic development strategy.
The lines between corporations and startups continue to blur, with one renowned startup advocate taking on a position within Telstra.
Proposed changes to Australia's R&D tax credit and early stage investment programs have been dismissed, leaving the startup industry without a break.
Although competition is shaping up for the mobile call-a-cab space, the money is still flowing in, with goCatch landing AU$3 million to take its ideas abroad.
Another AU$40,000 has been offered to Australian university startups that think they have what it takes to create the next big thing.
Think creating a billion-dollar startup is only possible if your last name is Zuckerberg? According to Google, anyone can do it, and some already are.
A year ago, DesignCrowd looked on at the US market longingly. After spending AU$3 million expanding to eight new countries first, it's ready to put another AU$3 million installment towards achieving its American dream.