Australian prosecutors have dropped charges against Meta, Facebook’s parent company, in the ongoing lawsuit against the company brought by billionaire Andrew Forrest over fraudulent crypto ads circulating on the social media platform. According to a report from Reuters, a spokesperson from the Commonwealth Director of Public Prosecutions said the department ...
Australian investment company Monochrome has applied to list its pioneering spot Bitcoin exchange-traded fund (ETF) on Cboe Australia, transferring it from the Australian Securities Exchange (ASX). In an announcement published on April 5 on its website, the asset manager stated this was a strategic move to capitalize on the growing ...
An Australian police officer has been indicted and is currently undergoing court proceedings for stealing cryptocurrencies linked to a drug trafficking investigation, per local media reports. The accused cop, William Wheatley, allegedly stole 81.616 BTC from a crypto wallet identified during a joint investigation by the Australian law enforcement authorities ...
As central banks worldwide intensify efforts to explore the benefits and issue a central bank digital coin (CBDC) in respective countries, the Reserve Bank of Australia (RBA) has declared that the nation is not yet prepared to issue its own CBDC. According to the RBA, Australia is "years away" from ...
Faryar Shirzad, Coinbase's Chief Policy Officer, has made a compelling case for Australia to expedite the implementation of detailed cryptocurrency regulations in order to keep pace with the rapidly evolving global market. Appreciated the chance to participate in this inquiry on behalf of @coinbase. @ajamesbragg and his Senate colleagues, along ...
Simon Callaghan, the newly appointed CEO of Blockchain Australia, has called for collaboration between Australia's banks, government, and the cryptocurrency sector to combat the rising threat of cryptocurrency fraud. Speaking on June 30, 2023, during the closing day of Australian Blockchain Week in Melbourne, Callaghan announced that the organization's top ...
A recent study conducted by financial research firm, Investment Trends, on behalf of the Australian Securities Exchange (ASX) has revealed a surprising trend among young Australian investors. According to the study, approximately one-third of these young investors currently possess or have engaged in trading cryptocurrencies despite considering themselves more "risk ...
Commonwealth Bank (CBA), a leading Australian bank, has implemented proactive measures to mitigate potential fraud risks associated with cryptocurrency transactions. In an announcement on June 8, 2023, the bank revealed that it will now refuse or subject certain payments to a 24-hour hold when dealing with cryptocurrency exchanges. This decision ...
Bitcoin prices have dropped by 20% when traded against the Australian dollar on Binance Australia. The platform users are reportedly converting their cryptocurrency holdings into Australian dollars because of fears that the withdrawal window for nearby banks may close in a few days, preventing users from accessing their funds. Binance ...
Australian cryptocurrency exchanges are addressing concerns following the temporary suspension of Australian dollar services by Binance Australia's payments provider, Zepto, on May 18, 2023. While experts believe the issue is specific to Binance and not widespread, they caution that risks still exist in the industry. BTC Markets CEO Caroline Bowler ...
