Grifters and scammers are trying to cash in on the Bondi Beach terrorist attack by launching speculative cryptocurrencies and fake fundraisers, even celebrating when the value of a coin using the likeness of the 10-year-old victim of the mass shooting spiked after launching. As is typically the case around any major news event, opportunistic people… Read more »
Ahead of the TechStars Sydney ‘Demo the Future’ on December 8, Startup Daily is profiling the 12 startups and their founders in the 2025 cohort. Our next profile is Crystal aOS – setting up the future for crypto compliance. Crystal aOS Founder: Joni Pirovich One-liner: Crystal aOS is the governance, risk and compliance management system… Read more »
Home Affairs Minister Tony Burke on Thursday will outline new powers to combat money laundering, terrorism financing and crime risks associated with cryptocurrency and Crypto ATMs. AUSTRAC, Australia’s anti-money laundering and counter-terrorism financing regulator, estimates 85% of the transactions sent by the top users of Crypto ATMs comes from the proceeds of scams or money-mule… Read more »
Brisbane-based cryptocurrency exchange Swyftx is acquiring boutique digital assets brokerage Caleb & Brown in a deal that given them access to the wealthiest crypto investors in the US. The terms were not disclosed, although Swyftx hailed it as “the largest crypto acquisition in ANZ history ” in a media announcement, but Decrypt reports a source… Read more »
Bitcoin is ubiquitous. It is impossible to open a social media stream or news source without encountering yet another mention of the topic. Many Australians have invested, hoping for a good return. But they may not have considered the tax consequences of their investments. So some might be in for an unexpected surprise. The tax… Read more »
A blockchain financial infrastructure startup has raised $14 million in a Series A, including $11m worth in Bitcoin and the stablecoin USDT. The raise for CloudTech will fund the rollout of an institutional-grade custody solution for digital assets, as well as expansion of a broader crypto-native financial ecosystem. The funding came from several undisclosed investors.… Read more »
Cryptocurrency exchange BTC Markets is on the hunt for a new CEO after Caroline Bowler she’ll step down in early August after five years in the role. The 12-year-old digital asset exchange, which is used by more than 362,000 Australians who’ve traded in excess of $28.2 billion, has engaged Tier One People’s Dexter Cousins to… Read more »
Comparison site Finder is closing down its crypto trading platform, Wallet Ventures, after four years, signing a deal with Swyftx to transfer users to the digital assets exchange. Wallet Ventures (formerly Finder Wallet) offered customers access to 18 cryptocurrencies through the Finder App. It launched in 2021 Finder notified customers on Wednesday, saying it will… Read more »
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 »
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 »
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 »
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 »
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 »
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