Cryptocurrency Analysis and News Portal
In 2022, Aussies reported a loss of AUD 221 million (USD 146 million) in cryptocurrency, an increase of 162.4% from the previous year, according to the announcement. This year, Swyftx has stopped AUD 3 million in customer funds from going to scammers. Source
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Australia and New Zealand Banking Group is one step closer to launching its bank-issued stablecoin A$DC after the bank successfully executed a test transaction on Chainlink’s Cross-Chain Interoperability Protocol.ANZ’s banking services portfolio lead Nigel Dobson said the transaction was a “milestone” moment for the bank in a Sept. 14 statement:“ANZ
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Australian fintech firm Block Earner is charging ahead with plans to launch a crypto-backed loans product, despite staring down an upcoming court date with the financial regulator for allegedly offering financial products without a license. The new crypto loan product allows Australian crypto investors to use crypto as collateral to borrow
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Australian-based crypto investment firm Monochrome Asset Management has updated its application to offer a spot Bitcoin (BTC) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) through its partner Vasco Trustees.The ETF — Monochrome Bitcoin ETF (IBTC) will be able to offer retail Australian investors direct exposure to Bitcoin (BTC)
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Australian crypto exchange Coinjar is seeking to put its boots on the ground in the United States, with its CEO seemingly unfazed by the market's “regulatory risk."In an interview with The Australian on May 1, Coinjar CEO and co-founder Asher Tan said he saw opportunity despite a recent wave of
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Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the city continues efforts to become a cryptocurrency hub. Set to take effect in June, the Hong Kong Securities and Futures Commission (SFC) released a proposed licensing regime for cryptocurrency exchanges on Feb. 20
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Binance Australia Derivatives sent an abrupt message to a select group of users on Feb. 23, saying it would be immediately closing their accounts due to a false classification of some users as “wholesale clients.” This incident caused a flurry of responses from users on social media, and the next day,
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Australia’s financial regulator reportedly raised concerns over FTX’s local Australian subsidiary as much as eight months before the exchange met its untimely end in November.According to documents obtained by Guardian Australia, officers of the Australian Securities and Investments Commission (ASIC) were concerned about the way in which FTX Australia was
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Australian crypto executives have urged caution over lumping all digital assets in the same boat as financial products, after recent comments from Australia's assistant treasurer on the maSpeaking to the Sydney Morning Herald on Jan. 22, Assistant Treasurer and Minister for Financial Services Stephen Jones was commenting on the state
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NAB chief innovation officer Howard Silby said the decision to mint the AUDN stablecoin, which is backed 1:1 by the Australian dollar (AUD), was based on the bank’s belief that blockchain infrastructure will play a key role in the new evolution of finance.The National Australia Bank (NAB), one of the
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