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Showing 1 - 10 of 61 results for exchanged

ASIC prevails in landmark case against BPS Financial

ANDREW MCKEAN  |  MONDAY, 6 MAY 2024
... Qoin merchants, when in fact it was declining. BPS also misled consumers by asserting that Qoin tokens could be easily exchanged for other cryptocurrency or traditional currency through independent exchanges. Prior to November 2021, the only digital ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... interest earning investment product, ASIC said customers deposited AUD into a Bobbob account. The AUD deposits were then exchanged for the crypto-asset USD Coin (USDC), which is said to be a "stablecoin" whose value is pegged to the USD. This USDC was ...

Mayfair 101 accuses ASIC of "suspicious" conduct over FOIs

JAMIE WILLIAMSON  |  FRIDAY, 4 AUG 2023
... request was made on June 20, followed by six separate FOI requests on July 21, seeking access to communications and notes exchanged between ASIC officials "that could explain the regulator's attempt to collapse" Mayfair. Mayfair says ASIC has refused ...

Dexus assets drop by $1bn

CASSANDRA BALDINI  |  WEDNESDAY, 21 JUN 2023
... individual property valuations will be available in its FY23 results, to be released August 16. Recently Dexus announced it exchanged contracts to sell Axxess Corporate Park in Mount Waverley Victoria as well as Forbes Close and Market Street assets. ...

Property market peril to continue: Quay Global Investors

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
... hasn't quite adjusted to market realities." Following the sale of a Market Street asset, Dexus recently announced it also exchanged contracts to sell Axxess Corporate Park, a business park in Mount Waverley, Victoria. "The sale will realise proceeds ...

ETF explainer: Understanding their structure

ANDREW MCKEAN  |  FRIDAY, 16 JUN 2023
... can list these on the secondary market for trading. The redemption process operates in reverse, where ETF units are exchanged for their underlying assets. Meanwhile, Montgomery stressed the importance of understanding how ETF liquidity is determined. ...

SEC sues Binance, chief executive

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2023
... same executive is later said to have said the company didn't want Binance.com "to be regulated ever." Other messages exchanged presented as evidence include the chief compliance officer saying: "... we always have a way for whales... either we do it ...

Finfluencer barred from running online advice business

CHLOE WALKER  |  FRIDAY, 14 APR 2023
... permanently prohibited Scholz from hosting online groups for which a membership fee is charged, and in which messages are exchanged by members about share trades, either in a group chat or through direct messages. As of today, Scholz still has more than ...

Melissa Caddick's home sells

JAMIE WILLIAMSON  |  MONDAY, 31 OCT 2022
... fetch over $10 million. While Jones Partners did not disclose the financial details, it did announce that contracts were exchanged on Friday afternoon, October 28. The Expressions of Interest phase was not expected to complete until today. Jones Partners ...

Australia ranks 40th for crypto spend

CASSANDRA BALDINI  |  THURSDAY, 15 SEP 2022
... and non-professional investors are embracing digital assets the most. Cryptocurrency is freely convertible and easily exchanged, offering countries facing currency restrictions a sweet spot. Data issued by B2B Pay said, as of 2022, there are only 18 ...
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