bitcoin
Cryptocurrency

DigitalX is launching a Bitcoin ETF on the ASX

- July 9, 2024 < 1 MIN READ

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 »

Amy-Rose Goodey
Cryptocurrency

Blockchain Australia rebrands as Digital Economy Council of Australia amid refocus

- June 13, 2024 2 MIN READ

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 »

Cryptocurrency

Cryptocurrency has a massive carbon emissions problem – and green alternatives have their own risks

- June 7, 2024 3 MIN READ

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 »

Bitcoin
Cryptocurrency

Bitcoin BS: UK judge says Craig Wright, the Australian who claims to be the cryptocurrency’s inventor lied ‘extensively and repeatedly’

- May 23, 2024 3 MIN READ

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 »

Cryptocurrency

Finder just had a big win against the corporate cop, ASIC, over its crypto wallet

- March 14, 2024 2 MIN READ

Finder’s crypto product, Earn, complied with the financial law, the Federal Court has found, dismissing legal action launched by the corporate regular against the fintech. It was a comprehensive win against the Australian Securities and Investments Commission (ASIC) for Finder, with Justice Brigitte Markovic also awarding costs against the regulator. ASIC sued Finder Wallet for… Read more »

Binance
Cryptocurrency

Binance CEO departs after guilty plea over money laundering as US authorities belt the crypto exchange with a $6.6bn fine

- November 22, 2023 3 MIN READ

Binance CEO Changpeng “CZ” Zhao has resigned from the cryptocurrency exchange he founder as past part of a guilty plea deal with US authorities over money laundering and US sanctions violations, that involved funded terrorist groups such as Hamas. Zhao was hit with a US$50 million fine while his company will pay US$4.3 billion (A$6.6bn)… Read more »

FTX Sam Bankman-Fried
Cryptocurrency

Sam Bankman-Fried’s conviction for fraud at FTX is a reminder of the risk of crypto trading

- November 6, 2023 3 MIN READ

It is not just crypto tokens that have spectacular downfalls. So can crypto personalities. Sam Bankman-Fried founded FTX, one of the world’s largest exchanges for so-called cryptocurrencies, which collapsed last year owing billions of dollars. Now he has gone from being hailed as potentially the world’s first trillionaire to a lengthy term in prison. After… Read more »

dogecoin, cryptocurrency
Cryptocurrency

The Australian government wants crypto exchanges to have a financial services licence

- October 17, 2023 3 MIN READ

Cryptocurrency exchanges will need to need to hold an Australian financial services licence (AFSL) under plans to regulate the sector from the federal government. A proposal paper on regulating the sector has been released by Treasury for feedback by December 1. The government wants to use existing financial services laws with threshold triggers, including an… Read more »

FTX Sam Bankman-Fried
Cryptocurrency

Sam Bankman-Fried’s fraud trial hears how a simple tweak to the data allowed him to syphon off $12 billion from investors

- October 11, 2023 3 MIN READ

A simple database flag enabled cryptocurrency magnate Sam Bankman-Fried (SBF) to siphon billions of customer dollars into a lavish lifestyle that ultimately left failed exchange FTX over $12 billion ($US8 billion) in debt, a US court has heard as SBF’s trial nears its conclusion. Once the second largest cryptocurrency exchange with a valuation of $47 billion, the… Read more »

bitcoin
Cryptocurrency

ASIC has launched legal action against the Kraken crypto exchange alleging more than 1,100 customers lost $13 million on a product that didn’t meet regulatory rules

- September 21, 2023 2 MIN READ

Financial regulator the Australian Securities and Investment Commission (ASIC) has launched Federal Court against Bit Trade Pty Ltd, the company behind the Kraken crypto exchange in Australian, alleging it failed to comply with regulations designed to protect consumers. ASIC’s case alleges Bit Trade’s failure to make a “target market determination” for its margin trading product,… Read more »

Andrew Bragg
Cryptocurrency

After 15 months in power, federal Labor continues to hasten slowly on regulating cryptocurrency

- September 5, 2023 4 MIN READ

Regulation of Australia’s cryptocurrency sector remains a distant possibility, despite a catastrophic 12 months for the industry, after a government-dominated committee preferred to kick the can further down the road rather than embrace a private senator’s bill on the issue from opposition senator Andrew Bragg. The Senate Economics Legislative Committee, chaired by Labor’s Jess Walsh,… Read more »