A B2B platform enabling financial advisers to securely access, trade, and manage digital assets on behalf of their clients has raised $2.3 Million in a pre-Series A. Digital currency exchange BetterX provides institutional-grade infrastructure for tokenisation, trading, and portfolio management, and the round was supported by existing backers Aura Group and Tibra cofounder Kinsey Cotton,… Read more »
Australia’s financial system crimes watchdog AUSTRAC took action against 13 remittance and digital currency exchange providers as part of a year-long blitz, and says more than 50 others are “still in its sights”. The anti-money laundering regulator (the Australian Transaction Reports and Analysis Centre) said it remains concerned about money laundering risks in the digital… Read more »
Freshly elected US president Donald Trump has exercised his usual degree of modesty and named his newly launched cryptocurrency or memecoin, $Trump. And like the man himself, the coin’s price is extraordinarily volatile. The price ran up to US$75, fell below $60, went back to $75, fell below $40, then rose back to $60 and… Read more »
The company running the Kraken crypto exchange in Australia has been handed an $8 million penalty by the Federal Court for unlawfully issuing a credit facility to more than 1100 customers. The fine follows legal action by the corporate regulator ASIC against Bit Trade Pty Ltd, launched in September last year, over its ‘margin extension’… Read more »
Bitcoin is now above US$90,000. While many view the surge in the context of the US elections, shifts in monetary policy and everything in between – the real story runs somewhat deeper than graphs, Paul Quickenden argues. Here’s his view on why this bull run unique and the lessons for tech innovators. An institutional and… Read more »
Australian computer scientist and debunked Bitcoin ‘inventor’ Craig Wright has been accused of contempt of court after filing a $1.79 billion lawsuit against payments firm Block. Despite a storied early career in Australia’s IT industry, Wright is most known for his unwavering and controversial claim of having invented leading cryptocurrency Bitcoin under the pseudonym Satoshi Nakamoto. The… Read more »
The former CEO of the company behind defunct Queensland digital asset exchange Mine Digital has been charged with criminal fraud in the wake of an investigation by corporate regulator the Australian Securities and Investment Commission (ASIC). Grant Colthup, who was CEO of ACCE Australia Pty Ltd, appeared in Ipswich Magistrates Court on Monday charged with… Read more »
Caroline Ellison, the ex-girlfriend of crypto fraudster Sam Bankman-Fried who turned star witness against him, has been sentenced to two years in prison over her role in the $16 billion FTX cryptocurrency scam. Ellison was the CEO of Alameda Research, the trading branch of Bankman-Fried’s cryptocurrency exchange FTX. Alameda was found to have taken funds… Read more »
While well-regarded and lauded within the crypto community, Australian-founded ‘Pokemon-like’ Illuvium knows it’s in for a fight to win over a broader market. “They f-cking hate us,” says Illuvium CEO Kieran Warwick. He’s speaking, of course, about the online gaming community. Which is inconvenient given he’s just launched the open beta of a new video… Read more »
A margin trading product offered by cryptocurrency exchange Kraken failed to meet its legal obligations under Australia’s Corporations Act, a Federal Court judge has ruled. The judgment hands a rare win to corporate regulator the Australian Securities and Investment Commission (ASIC) amid an ongoing focus on regulatory compliance in the crypto sector. Justice John Nicholas… Read more »
Digital asset funds management firm DigitalX has received Australian Securities Exchange (ASX) approval for the listing of its DigitalX Bitcoin ETF. The company (ASX:DCC) will now offer one of the first listed spot Bitcoin ETFs, providing direct exposure to digital assets on the exchange. CEO Lisa Wade said the DigitalX Bitcoin ETF (ASX:BTXX) will provide… Read more »
A decade and three bitcoin halvings later, industry association Blockchain Australia has rebranded to the Digital Economy Council of Australia (DECA). The change comes amid a restructure of DECA, with CEO Simon Callaghan departing and former chief operating officer Amy-Rose Goodey taking the lead as managing director. Speaking at the annual Blockchain Week gathering in… Read more »
As the urgency of climate change ramps up, focus is increasing on digital currencies to address their environmental impact. According to industry forecasts, the global cryptocurrency market is expected to surge to US$4.94 billion by 2030. But the process of mining digital currencies such as Bitcoin requires immense computational power – causing a significant drain… Read more »
A UK judge has ruled Australian businessman Craig Wright forged documents and lied repeatedly to support his long-running claim of being Satoshi Nakamoto, the inventor of Bitcoin. Wright has notoriously professed the pseudonymous title under a years-long claim of having created leading cryptocurrency Bitcoin – fuelling tenuous conflicts among the crypto community as he launched lawsuit after… Read more »
Ever since the Titanic was found, the world has held few mysteries. The whereabouts of the 239 souls tragically lost aboard MH370 is one. That MAFS is now in a 10th season and rating well is a personal one. Another, since 2008, is who is Satoshi Nakamoto, the author of a white paper on the… Read more »
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