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Showing 11 - 20 of 186 results for "cryptocurrency"

Bitcoin hits fresh high as investors await halving event

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
... the growing interest in crypto among new investors. "We've always had an unwavering belief in the potential of cryptocurrency and it's exciting to see more and more people becoming aware of that potential," Rose said. The Bitcoin price surge saw many ...

Former Blockchain Global director confined to Australia

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
... other Blockchain Global directors, Samuel Xue Lee and Zijang (Ryan) Xu, for their involvement in the failure of a cryptocurrency exchange. Blockchain Global launched the ACX Exchange in 2017 for cryptocurrency trading and storage, but by December 2019 ...

Crypto fintech needed AFSL, court says

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2024
ASIC has had its first court win in relation to cryptocurrency, with fintech Block Earner found to have offered a financial product to retail investors without a licence. However, it was a mixed outcome for the regulator, with another allegation quashed. ...

Unlicensed crypto investor faces jail time

CHLOE WALKER  |  TUESDAY, 6 FEB 2024
... were transferred to crypto-assets. ASIC issued an official warning urging Australians to consider the risks of cryptocurrency investments. "Financial advice must only be provided by qualified and licensed financial advisers or financial counsellors ...

Massive crypto Ponzi scheme unravels

KARREN VERGARA  |  TUESDAY, 30 JAN 2024
... slapped charges on three individuals that include an Australian citizen for allegedly perpetrating a fraudulent cryptocurrency scheme known as HyperFund, raising $2.6 billion (US$1.7bn). HyperFund's alleged co-founder Sam Lee, who has Australian ...

Bitcoin ETFs given green light by US regulator

ANDREW MCKEAN  |  THURSDAY, 11 JAN 2024
... the Securities and Exchange Commission (SEC), a landmark moment for the legitimisation of the world's largest cryptocurrency. The SEC approved 11 Bitcoin ETF application from major institutional investment players such as BlackRock, Fidelity, Invesco ...

SEC sues Kraken exchange again

CASSANDRA BALDINI  |  WEDNESDAY, 22 NOV 2023
... investor dollars. Following the verdict, attorney general Merrick Garland said Binance became the world's largest cryptocurrency exchange in part because of the crimes it committed. "Now it is paying one of the largest corporate penalties in US history," ...

Aussie investors optimistic about returns

CHLOE WALKER  |  FRIDAY, 17 NOV 2023
... they are less inclined than the global average to invest in gold, silver, precious metals (43% versus 39%), and cryptocurrency (40% versus 33%). The report highlighted that Australian investors believe they can easily access private asset markets through ...

BlackRock plans to launch Ethereum ETF

ANDREW MCKEAN  |  MONDAY, 13 NOV 2023
... Trust aims to track the price of Ether, affording investors an alternative to acquiring, holding, and trading the cryptocurrency on peer-to-peer networks or digital exchanges. BlackRock's Ethereum Trust was designed to eliminate the "complexities and ...

Crypto lender sentenced for false licence

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
Melbourne-based cryptocurrency lender Helio Lending (Helio) has been sentenced to a non-conviction bond for falsely claiming that it held an Australian credit licence (ACL) when it did not. In 2019, Helio falsely represented on its website that it held ...