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Showing 1 - 10 of 216 results for "Cryptocurrency"

FTX creditors await US$5bn distribution

KARREN VERGARA  |  FRIDAY, 16 MAY 2025
Collapsed cryptocurrency exchange FTX is set to pay out US$5 billion to creditors starting May 30. The proceeds will be distributed via the FTX Recovery Trust to eligible creditors either on BitGo or Kraken. This is the second round of distributions ...

ASIC loses Block Earner case

KARREN VERGARA  |  WEDNESDAY, 23 APR 2025
... now-defunct Earner product was offered from 17 March 2022 until 16 November 2022. It enabled customers to loan specified cryptocurrency in return for interest paid at a fixed rate. Block Earner maintains that its customers loaned cryptocurrency under ...

MLC wary of but not opposed to bitcoin

ELIZA BAVIN  |  MONDAY, 24 FEB 2025
... more nuanced thinking." Farmer acknowledged that US President Donald Trump's return to the White House has buoyed cryptocurrency advocates. "President Trump has issued an executive order establishing a working group tasked with, amongst other things ...

Betashares launches Bitcoin, Ethereum ETFs

ANDREW MCKEAN  |  THURSDAY, 20 FEB 2025
... best-in-class solutions for Australian investors who want exposure to Bitcoin and Ethereum without the complexity of cryptocurrency purchase and storage," Vynokur said. In a statement, Betashares said Bitcoin ETFs have been "strongly adopted" by institutional ...

Binance Labs becomes a family office

KARREN VERGARA  |  TUESDAY, 28 JAN 2025
... focus and step away from blockchain-focused investments. Binance Labs, which was the venture capital arm of major cryptocurrency exchange Binance, said it is marking its independence and broader investment focus under the leadership of Ella Zhang, who ...

Trump inaugurated as 47th President

ELIZA BAVIN  |  TUESDAY, 21 JAN 2025
... sharp adjustments." Another sector that has already seen increased attention in the lead up to inauguration day is cryptocurrency - given even more coverage since Trump and his wife, first lady Melania Trump, launched their own meme coins ahead of the ...

Dimon 'cautiously pessimistic' on US economy

KARREN VERGARA  |  FRIDAY, 17 JAN 2025
... the lecturing part of it. It's social superiority, it's the 'my way or the highway.'" Assessing cryptocurrency, Dimon describes it as a "Ponzi scheme" and "as useless as a pet rock" but does not completely write it off. "We are going ...

Bitcoin now 7th largest global asset

ELIZA BAVIN  |  TUESDAY, 14 JAN 2025
... following the US election, Binance said. Locally, Binance found Australian investors remain bullish on the outlook for cryptocurrency in 2025. In a survey of over 500 attendees at Australian Crypto Con - held in Sydney in November - over 90% of respondents ...

Bitcoin returns 147%, outshines bull market

KARREN VERGARA  |  FRIDAY, 10 JAN 2025
... either disengaged or openly opposed to crypto. Donald Trump's election in the US marks an historic shift for the cryptocurrency industry. For the first time, we will have a US President who appears poised to actively support the industry, fostering ...

AMP defies super fund herd with Bitcoin bet

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
... allocation Alistair Barker recently said at its annual member meeting that "we're not currently considering cryptocurrency." He said while the fund is exploring blockchain as a potential investment opportunity, having made some "small investments ...
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