Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 188 results for "cryptocurrency"

BitConnect promoter pleads guilty

KARREN VERGARA  |  MONDAY, 20 MAY 2024
The promoter of BitConnect Australia has pleaded guilty for his role in spruiking a fraudulent cryptocurrency scheme. John Bigatton promoted BitConnect, an online cryptocurrency platform that offered a financial product known as the Lending Platform ...

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... ruling that found the latter guilty of offering 'Qoin Wallet,' a non-cash payment facility that used the 'Qoin' cryptocurrency token, without an Australian Financial Services Licence (AFSL). ASIC chair Joe Longo said this was a significant ruling as ...

Bitcoin halving won't bring immediate price rise

ELIZA BAVIN  |  MONDAY, 22 APR 2024
The Bitcoin halving event - which occurred over the weekend - has seen optimism around the cryptocurrency rise, but major price increases may take some time to shine through. The halving event is coded to occur every 210,000 blocks and halves the reward ...

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
Cryptocurrency and the sharing economy are two hotspots the Australian Taxation Office (ATO) will target this financial year as too many investors continue to blunder their tax returns. With a horde of investors jumping on the cryptocurrency bandwagon ...

Blockchain mining companies sued by ASIC

ANDREW MCKEAN  |  MONDAY, 15 APR 2024
... asked to transfer their funds from regulated super funds to self-managed super funds (SMSFs) and convert them into cryptocurrency. Early investigations indicate that around 450 Australians invested approximately US$41 million through the NGS companies. ...

Global Alternative Funds names managing director

ELIZABETH FRY  |  MONDAY, 15 APR 2024
... spectrum, of private credit, private equity, infrastructure and venture capital. It does not invest in hedge funds, cryptocurrency or natural resources. Private equity makes up about a third of GAF's investments, with private credit, special situations ...

ETF market to soar 30%: State Street

KARREN VERGARA  |  TUESDAY, 9 APR 2024
... equity markets. In South Korea, ETF assets exceed US$50 billion. Australia and Hong Kong will make the first spot cryptocurrency available for institutional and retail investors. Globally, State Street predicts that ETF assets will deliver between 20% ...

Monochrome makes play to become a spot Bitcoin ETF in Australia

ANDREW MCKEAN  |  MONDAY, 8 APR 2024
... It is structured as a dual trust where each ETF unit gives the holder an absolute entitlement to the underlying cryptocurrency, which is held in institutional grade, offline storage facilities with Coinbase.

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

ELIZA BAVIN  |  WEDNESDAY, 27 MAR 2024
... event will occur. This is when the amount of Bitcoin someone can mine from a Bitcoin block is halved, making the cryptocurrency more valuable. In anticipation of this event Australian investors have been stocking up on Bitcoin. According to the Independent ...

ASIC bans director who promised 150% returns

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... involved in a financial 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. ...
PREVIOUS
NEXT