bitcoin
Cryptocurrency

Corporate regulator ASIC puts a temporary halt on Sydney investment firm Holon offering 3 crypto funds to retail investors

- October 17, 2022 2 MIN READ

Corporate regulator the Australian Securities and Investments Commission (ASIC) has sin-binned Sydney firm Holon Global Investments from offering three of its cryptocurrency funds to retail investors for three weeks due to concerns that they’re not suitable for the retail market, with the product disclosure statements pointing out that the funds could end up worthless. The… Read more »

Andrew Bragg
Cryptocurrency

Crypto advocate Senator Andrew Bragg has launched his own digital assets legislation to Parliament

- September 23, 2022 3 MIN READ

The architect of Australia’s first response to regulating digital assets in Australia has lost patience with the new government, issuing his own draft legislation in a bid to push Labor to act on the issue. Liberal senator Andrew Bragg coauthored a landmark Senate Select Committee report into digital asset regulation last year, investigating issues such… Read more »

El Salvador, bitcoin
Cryptocurrency

El Salvador’s experiment with Bitcoin as legal tender has been a spectacular failure

- September 12, 2022 4 MIN READ

A year ago, El Salvador became the first country to make Bitcoin legal tender – alongside the US dollar, which the Central American country adopted in 2001 to replace its own currency, the colón. President Nayib Bukele, a cryptocurrency enthusiast, promoted the initiative as one that would deliver multiple economic benefits. Making Bitcoin legal tender,… Read more »

Bored Ape
Cryptocurrency

Why Ethereum’s switch to ‘proof of stake’ is great news for the environment and energy use

- September 6, 2022 4 MIN READ

Amid the continuous noise about cryptocurrencies, it’s often hard to pick out what really matters. However this month, if all goes to plan, the energy-hungry digital sector will undergo its biggest shake-up in years. Ethereum, the world’s second largest cryptocurrency, is tomorrow expected to start a technology changeover which, once complete, should cause its carbon… Read more »

Cryptocurrency

Crypto.com accidentally sent a customer $10.5m, and by the time they noticed, she’d bought a house in Melbourne

- September 1, 2022 2 MIN READ

Major cryptocurrency trading platform Crypto.com accidentally sent a woman $10.5 million instead of the $100 refund she requested – and didn’t notice until seven months later. Now the platform is trying to recover its money, $1.35 million of which the woman, Thevamanogari Manivel, used to buy her sister a home in the Melbourne suburb of Craigieburn. The… Read more »

Dogecoin
Cryptocurrency

The Albanese government is finally getting cracking on crypto regulation

- August 23, 2022 4 MIN READ

The Albanese government is looking to map out Australia’s cryptocurrency landscape, taking a slower approach to digital asset regulation and reform than the former Morrison government. In a joint announcement on Monday by federal treasurer Jim Chalmers, Assistant Treasurer Stephen Jones and competition, charities and treasury assistant minister Dr Andrew Leigh, they said “the first step… Read more »

bitcoin
Cryptocurrency

Telstra Ventures took a deep dive into blockchain and despite the crypto winter, is upbeat on web3

- August 5, 2022 3 MIN READ

Telstra’s VC arm, Telstra Ventures, has taken a deep dive into web3 and blockchain world amid the crypto crash that’s wiped $1.3 trillion in value from investors, with the market down 60% since January, to see who’s survived and thrived. The 12-page report, titled Blockchain Open-Source Developers Signal Strength of Web3 Community, shows that web3-developer… Read more »

Cryptocurrency

High-net worth investors in the Asia-Pacific aren’t that into cryptocurrencies

- July 29, 2022 2 MIN READ

Cryptocurrencies account for less than 1% of the investment portfolio of high-net worth (HNW) people in Asia-Pacific, despite considerable holdings in alternative assets.  New figures from data and analytics company GlobalData found that alt investments account for 12% of the average HNW APAC investor’s portfolio, but after interest in crypto peaked in 2020, they offloaded… Read more »

Cryptocurrency

Cryptonite: rising interest rates are killing bitcoin and most experts predict a crypto winter until at least 2023

- July 15, 2022 4 MIN READ

Finder conducts a quarterly survey of 53 crypto experts  They predict bitcoin will end 2022 at US$25,473 10% say its time to sell out, 50% buy 70% think ‘winter’ will continue until at least 2023 Interest rates and the Terra collapse are to blame. Australian cryptocurrency experts have cut their predictions on the value of… Read more »

bitcoin
Cryptocurrency

Cryptocurrencies are great for gambling – but doesn’t achieve much when it comes to DeFi and freeing us from central banks

- July 4, 2022 4 MIN READ

The dream that decentralised finance – or “DeFi” – can free the monetary system from the clutches of governments and banks has helped launch 20,000 cryptocurrencies. But with 2022 proving to be more of a crypto-nightmare – including for the vaunted “stablecoins” that held the most promise as rivals to central bank-issued currencies – questions… Read more »

Cryptocurrency

$6bn NFT gaming venture Animoca Brands fined for failing to lodge 3 years of financial returns with ASIC

- July 1, 2022 2 MIN READ

Animoca Brands, the digital entertainment, cryptocurrency metaverse and blockchain company thrown off the ASX in 2020, has been fined $50,000 following legal action by corporate regulator ASIC after it failed to lodge annual and half-yearly financial reports between 2019 and 2021. The company failed to appear before the Downing Centre Court on June 21 and… Read more »

money plant grow
Cryptocurrency

Asset manager Victor Smorgon just bought carbon credits using ANZ’s stablecoin

- June 28, 2022 2 MIN READ

Melbourne family investment firm Victor Smorgon Group (VSG) has pioneered another digital transaction using the ANZ bank’s stablecoin, A$DC, this time buying carbon credits. VSG used A$DC to purchase the BCAU carbon tokens from Zerocap, an Australian crypto asset investment platform, via BetaCarbon, which tokenises Australian Carbon Credit Units (ACCUs) into digital tokens, with each representing… Read more »

Cryptocurrency

The clean up of crypto assets is coming in Australia – and that’s a big win for consumers and innovators

- June 9, 2022 4 MIN READ

If you spend any time among the cryptocurrency community you’ll come across the mantra “HODL”. Originally a typo for “hold” on a Bitcoin forum, it has become all-purpose advice to anyone looking at the day’s price fluctuations and thinking of selling their assets. To HODL is to trust the process and keep your eyes on… Read more »