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Tag Archives: Australia

Facebook Facing Criminal Charge Over Crypto Scam

As if Facebook didn’t already have enough on its plate. After seeing its cryptocurrency dreams come to a sudden end, the social media giant is now facing a massive lawsuit from Australian billionaire Andrew Forrest, who claims that the company did nothing to prevent a crypto scam featuring his likeness from affecting users. Facebook Isn’t Doing So Well Australia is working hard to remove any safe harbor protections that currently apply to social media companies....

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CryptoCom Becomes Financial Backer of the Australian Football League and the AFLW

The digital asset platform CryptoCom inked a five-year collaboration with the AFL to become a financial backer of the Toyota AFL Premiership Season and the NAB AFL Women’s championship. The trading venue will also feature as the exclusive naming rights partner of the tournaments and the Final Series matches. CryptoCom Expands in Australia According to a document seen by CryptoPotato, the AFL became the first Australian sports league to partner with CryptoCom. At the same...

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Singapore Urges Local Crypto Companies to Refrain From Promoting Digital Assets: Report

The city-state’s central bank – the Monetary Authority of Singapore (MAS) – reportedly issued guidelines that limit crypto trading service providers from promoting such assets. The financial institution believes dealing with digital assets is highly risky and unsuitable for every investor. In addition, Australia’s top financial watchdog – the Australian Securities and Investments Commission (ASIC) – advised locals to restrain from investing retirement savings into bitcoin and...

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Australian Open Joins the Metaverse by Partnering with Decentraland

One of the world’s biggest tennis tournaments – the Australian Open (AO) – is entering both the NFT and Metaverse side of the cryptocurrency industry. This year’s championship will also be held in Decentraland — a leading virtual reality platform. At the same time, fans will be able to participate further by buying non-fungible tokens linked to live match data. AO Dives into the Metaverse As Omicron cases in Australia surge, the organizers of the Australian Open decided to...

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Jane Hume: Crypto Is NOT Going to Disappear

Financial services minister Jane Hume believes that governments around the world are wrong to be worried about cryptocurrencies. She says that cryptocurrency is “not a fad,” but rather a valid financial tool that can play many parts in the future of the global economy. Jane Hume Is Confident in Crypto At a summit review in Australia just over a week ago, Hume said that cryptocurrency wasn’t likely to disappear “anytime soon.” She offered the following message to...

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Bitcoin Is Not a Fad, Says Australia’s Financial Service Minister

The Australian Finance Services Minister – Jane Hume – publically backed up digital assets by saying they are not just a temporary trend. Additionally, she opined that decentralized finance (DeFi) presents “incredible opportunities” for Australia. ‘We Need to Acknowledge This Is Not a Fad’ Jane Hume – an Australian minister and senator – fired back at Tony Richards (Head of Payment at the Reserve Bank of Australia), who recently described cryptocurrencies as “faddish.” On top...

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Australia’s Central Bank Refutes Popular Dogecoin Ownership Surveys

According to Tony Richards – Head of payments policy at the Reserve Bank of Australia (RBI) – the assumption that 5% of the local population are Dogecoin owners is exaggerated. He also does not think that cryptocurrencies present a threat to the Australian dollar or the country’s financial network. Crypto Investors in Australia Are Not That Many The results of a recent survey revealed that one in every six Aussies is a cryptocurrency holder. Taking a closer look at the...

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Australian Baseball Club Perth Heat Will Pay Salaries in Bitcoin: Report

The professional Baseball League club – Perth Heat – will reportedly pay all its players and staff in bitcoin. In addition, the Australian team might accept BTC as a payment method for merchandise, sponsorships, and ballpark concessions on game days. ‘The Heat’ to Fully Embrace Bitcoin A report by The Guardian reads that the cryptocurrency option will be available from Friday (November 19th) after a partnership with a digital asset payment company. The BTC settlements will...

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Commonwealth Bank in Australia Will Give Customers Access to Crypto

A major bank in Australia known as the Commonwealth Bank will allow users to buy and sell cryptocurrencies through its app. This is a first for such a major institution in the Outback nation. The Commonwealth Bank Is Bringing Crypto to Customers The bank has established partnerships with firms such as the Gemini Exchange in New York and blockchain analysis company Chainalysis to offer the new app to its more than six million users. Individuals can utilize the tool to...

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BetaShares Crypto ETF’s Record-Setting Debut Depicts Rising Investor Appetite in Australia

Similarly to US investors, Australians displayed an enhanced appetite for cryptocurrency-related exchange-traded funds. Shortly after the launch of BetaShares’ CRYP, the volume went through the roof and set a new record. Understanding BetaShares’ CRYP Echoing the monumental day of the first Bitcoin Futures ETF debut on Wall Street, BetaShares Crypto Innovators ETF (CRYP) pierced through the existing record of $5.8 million within minutes as it debuted on the Australian...

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