Tag Archives: Australia

As the global interest in cryptocurrencies continues to gain momentum, Queensland Investment Corporation (QIC), Australia’s fifth-largest pension funds manager with A$92.4 billion ($69bn) of assets under management (AUM), has disclosed that it may delve into such investments in the future. Stuart Simmons, QIC’s head of currencies, told the Financial Times in an interview today. Regulatory Uncertainty Scares Australian “Super” Based on the massive growth of the crypto market...

According to a recent poll, most cryptocurrency investors from Kenya, Nigeria, and South Africa have entered the digital asset market with long-term goals such as securing their families’ wellbeing. Crypto to Fund Children’s Education The London-based company – Luno – conducted a survey with nearly 7,000 participants from Nigeria, Kenya, South Africa, the UK, Australia, Indonesia, and Malaysia to determine the reasons that drove them into getting involved with digital...

An anonymous buyer at an Australian auction paid $361,000 in bitcoin to acquire a classic Subaru WRX driven by the rally champion Colin McRae. Racing Car in Exchange for BTC According to a recent report, the automobile was located in the back of a Victorian shed for some time, and few people knew how valuable it was. When Lloyds Auctions introduced it, the machine’s estimated price was not more than $15,000. An investigation, though, found out that the car was particularly...

The digital asset trading venue Independent Reserve received approval from the Monetary Authority of Singapore (MAS) to provide crypto services in the Asian city-state. Additionally, the regulator also greenlighted the brokerage arm of DBS Bank. Independent Reserve Invades Singapore According to a recent report, the MAS enabled the Australian-based cryptocurrency platform – Independent Reserve – to offer digital payment token services to retail and institutional investors in...

What occurred in India’s cryptocurrency space a few years ago is now at risk of also occurring in Australia. The country’s financial laws have failed to keep up and include cryptocurrency, and thus many startup ventures delving in blockchain and in digital currencies are now at risk of losing the money and support they receive from standard banks. Australia Is Having Trouble in Its Crypto Space India saw a situation like this occurring just a few years ago. Many news...

According to a recent research, 17% of Aussies have some cryptocurrency holdings. Bitcoin is still the most popular digital asset while Ethereum and Dogecoin ranked respectively second and third. What is The Crypto Trend in Australia? Finder’s Consumer Sentiment Tracker – a nationally representative survey of 1,000 Australians conducted by Qualtrics – revealed that one in six locals had entered the digital asset market. Most hodlers answered they purchased cryptocurrency...

The central banks of Australia, Singapore, Malaysia, and South Africa will reportedly launch a trial program to test cross-border payments employing different CBDCs. Their mission: to determine whether the move would enable more accessible transactions. The Multinational Partnership Central bank digital currencies appear to be an attractive financial instrument for numerous countries across the globe since many are exploring them as a financial instrument. While governments...

The leading cryptocurrency exchange in Australia – Binance Australia – has announced it appointed Leigh Travers as its new Chief Executive Officer. He was previously CEO and Director of the blockchain technology company – DigitalX. Binance Australia Has a New CEO According to an official announcement, Binance Australia has tapped Leigh Travers as its new CEO. The top executive has experience in digital assets and blockchain technology since he was in charge of DigitalX for...

Cryptocurrency scams were reportedly the most common type of fraud in Australia during the first six months of the year. Locals parted with roughly $25 million after becoming victims of such fraudulent schemes. ‘If Something Sounds Too Good to Be True, It Probably Is’ According to a recent report by the Australian Competition and Consumer Commission (ACCC), investment scams have risen to record levels in the country this year. Interestingly, frauds involving digital assets...

The Australian entrepreneur Fred Schebesta said he would give away $5 worth of bitcoin to locals who have had a COVID-19 vaccine and those who will get it in the future. Considering Australia’s population, he would have to distribute $104 million (around 75 million USD) if everyone takes advantage of the offer. ‘Get Vaxxed Baby, And Get Your Bitcoin’ Fred Schebesta – the co-founder of the financial comparison website Finder – revealed his plans to hand over $5 worth of...