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Showing 1 - 10 of 290 results for "Crypto"

Bitcoin investing is on the rise, but more regulation is needed

ELIZA BAVIN  |  WEDNESDAY, 27 MAR 2024
... either money, a store of value or an investment asset, up from 63% in 2022. According to research from Caleb & Brown - a crypto brokerage and asset management firm - an estimated 4.5 million Australians own some form of cryptocurrency. Caleb & Brown ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... services business. Creigh is the director of Panacea Capital. He operated the Panacea Capital Cryptocurrency Investment Fund (Crypto Fund) between April 2021 and June 2022. ASIC found Creigh operated the Crypto Fund while unlicensed. In addition, ASIC ...

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

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... doesn't mean it's not watching. Speaking at the Blockchain APAC Policy Week event, Kirkland said ASIC can only regulate crypto assets and businesses to the extent they involve financial products or services. "I want to emphasise, though, that the question ...

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... 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 (which is still making its way through the courts), claims involving digital asset platforms ...

Boutiques, quant funds shine among active funds

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
... to January were ETFs. Global X's Ultra Long NDQ 100 Hedge Fund (LNAS) returned a whopping 103% p.a. while BetaShares Crypto Innovators ETF (CRYP), and Global X FANG+ ETF (FANG) returned 99% and 86% respectively. The top-performing unit trust in the ...

Court dismisses ASIC lawsuit against Finder

KARREN VERGARA  |  FRIDAY, 15 MAR 2024
ASIC's action against Finder Wallet has fallen flat as the Federal Court rejected allegations it was spruiking a financial product related to cryptocurrency. Justice Markovic yesterday dismissed ASIC's case against Finder.com's Finder Wallet and its ...

Bitcoin hits fresh high as investors await halving event

ELIZA BAVIN  |  WEDNESDAY, 13 MAR 2024
... increased acceptance of Bitcoin by mainstream financial institutions with the UK's Financial Conduct Authority (FCA) approving crypto ETNs this week and spot Bitcoin ETFs being approved by the Securities and Exchange Commission (SEC) in the US in January. ...

Advisers show growing interest in ASX-listed Bitcoin ETF

ANDREW MCKEAN  |  TUESDAY, 5 MAR 2024
... that is a robust process that naturally can take many months. In addition, the ASX is placing a heightened focus on the crypto custodian and fund manager expertise, particularly around governance arrangements and due diligence conducted on the appointment ...

Family offices still love hedge funds: Preqin

CHLOE WALKER  |  TUESDAY, 5 MAR 2024
... more personalised relationship and the potential for greater returns. "A recent example of this is their investment in crypto hedge funds, which have since seen major outflows," Preqin said. Outside of hedge fund allocations, the report found that family ...

Former Blockchain Global director confined to Australia

ANDREW MCKEAN  |  THURSDAY, 29 FEB 2024
ASIC has obtained an interim order from the Federal Court to restrict former Blockchain Global director Liang Guo, also known as Allan Guo, from leaving Australia. The corporate regulator is currently investigating Guo and two other Blockchain Global ...
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