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Showing 1 - 10 of 123 results for "Digital Asset"

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
ASIC has taken legal action against three blockchain mining companies - NGS Crypto, NGS Digital, and NGS Group - along with their sole directors Brett Mendham, Ryan Brown and Mark Ten Caten. The corporate regulator has accused the NGS companies of targeting ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... under management. This was held across venture capital funds, managed investment schemes, wholesale property funds, digital asset funds, and wholesale funds management services, among others. To be a CAR, Lanterne typically charged an upfront fee of ...

Monochrome makes play to become a spot Bitcoin ETF in Australia

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
Monochrome Asset Management has moved its bid for a spot Bitcoin ETF to Cboe from the ASX. The investment manager said Cboe is at the forefront of financial innovation, especially trade execution, which perfectly aligns with its ambition to expand its ...

Investment managers embracing AI: Mercer

ANDREW MCKEAN  |  THURSDAY, 28 MAR 2024
According to a report by Mercer, nine out of 10 investment managers are either using or planning to use artificial intelligence (AI) in their investment strategies or asset class research. The report flagged that the question is no longer if but how ...

ASIC warns it can't take action on every case of misconduct

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
Australian Securities and Investments Commission (ASIC) commissioner Alan Kirkland has admitted the regulator can't fight every battle of misconduct, but that doesn't mean it's not watching. Speaking at the Blockchain APAC Policy Week event, Kirkland ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... follow any regulatory prosecutions or shareholder activism in this space." Finally, potential class actions involving digital asset platforms are an emerging area of risk, Allens said. "While we have seen only one crypto-based class action in Australia ...

Bitcoin hits fresh high as investors await halving event

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
Bitcoin has hit a new all-time high, surpassing US$72,000 ($100,000) for the first time since the digital asset's inception. The latest price boost was underscored by an increased acceptance of Bitcoin by mainstream financial institutions with the UK's ...

Advisers show growing interest in ASX-listed Bitcoin ETF

ANDREW MCKEAN  |  TUESDAY, 5 MAR 2024
... currently manages 12 crypto ETPs, and its MarketVector index subsidiary was the first to launch a definitive suite of digital asset indexes with its flagship Bitcoin & Ethereum Benchmark Rates." In Australia, VanEck has been engaged with bringing a spot ...

Tokenisation is the future: Northern Trust

CHLOE WALKER  |  TUESDAY, 30 JAN 2024
While there is a range of digital innovation opportunities suited for different types of funds, Northern Trust says tokenisation is a key innovation the funds management industry must embrace. In a recent whitepaper, titled The future of funds, Northern ...

Bitcoin ETFs given green light by US regulator

ANDREW MCKEAN  |  THURSDAY, 11 JAN 2024
... day for the maturity of bitcoin. "The SEC's approval of spot bitcoin ETFs should add further confidence to the digital asset ecosystem and could pave the way for Wall Street to move deeper into cryptocurrencies as an asset class," he said. "The move ...
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