Thursday , March 28 2024
Home / Tag Archives: Australia (page 8)

Tag Archives: Australia

Australian Minister Urged Crypto Investors to Be Utterly Cautious

The Australian Financial Services Minister – Jane Hume – warned cryptocurrency investors to beware of the risks in the market. She sounded a note of caution to the public after the prices of most digital assets collapsed significantly yesterday. However, Hume outlined their future importance. ‘They Are Volatile And High-Risk Assets’ Following the recent bloodbath, many of the cryptocurrencies are now far away from their highs. For example, Bitcoin itself lost a major chunk of...

Read More »

Reserve Bank of Australia Looks to Tap Blockchain for a CBDC

The rapid growth of the cryptocurrency industry and the COVID-19-induced crisis have changed the mind of Australia’s Reserve Bank on launching its own CBDC. The bank’s governor Philip Lowe recently confirmed that the organization is conducting research and exploring the benefits of releasing such a product.RBA to Launch a CBDC?During the past several years, multiple banks said they were looking into launching a central bank digital currency to reduce the usage of paper money. One study from...

Read More »

‘Bitcoin is Bad’ Narrative Weakens as Aussie Banks Have Reportedly Laundered $385M for Drug Cartels

Amid the renewed anti-Bitcoin remarks ascribed to mainstream finance stakeholders, reports have emerged showing banks in Australia working in cahoots with violent South American cocaine cartels. Despite aspersions to the contrary, the crypto market continues to account for an insignificant proportion of global financial crimes.Australian Banks Funelling Dirty Money for Drug CartelsAccording to the Australian Financial Review, banks in the country have reportedly laundered about 500 million...

Read More »

Bitcoin Exchange Owner Sues Australian Banks For $290K For Accounts Closure

The legal battle comes as the Aussie man allegedly suffered significant losses in his crypto business after the banks, Westpac and ANZ, shut down his accounts, local media reported Monday.According to the proceedings filed at the ACT Civil and Administrative Tribunal, Allan Flynn alleged that the banks’ action was illegal as they closed his accounts without any prior warning or reason.  20 Accounts Closed In Three YearsFlynn owns an AUSTRAC-registered crypto exchange with about 450 customers....

Read More »

Australia’s Love of Cryptocurrency Appears to Be Expanding

It looks like Australia is becoming a super haven for cryptocurrency and blockchain activity. According to a new survey, it appears that roughly 20 percent of the residents of the Great Outback have either owned cryptocurrency in the past or possess it at the time of writing.Australia and Cryptocurrency Are Becoming Long-Term PartnersThe survey comes by way of the Independent Reserve Cryptocurrency Index (IRCI). The platform conducts this survey annually and has discovered that 2020 was the...

Read More »

Aussie Crypto Adoption Increases: Almost 20% of Australians Own Cryptocurrencies

A survey conducted by the Australian crypto exchange Independent Reserve shows that over 90% of locals have heard of at least one cryptocurrency. At the same time, nearly one in every five respondents said that they own a digital asset.Crypto Awareness Among AussiesThe Australian-based exchanged highlighted that its Independent Reserve Cryptocurrency Index (IRCI) survey has reached out to “everyday Australians and reflects the nation as a whole,” instead of focusing on digital asset users.The...

Read More »

Bitcoin Impersonation Scams Traced To A Large Organization Based In Moscow, Russia

After a threat of a lawsuit for displaying Bitcoin scams, The Guardian Australia launched an investigation to determine the nature of the increasing number of similar fraudulent activities. It concluded that there’s a group of fraudsters operating a massive global enterprise based in Moscow, Russia.Global BTC Scam Organization RevealedCryptoPotato reported in early October that the giant news media displayed a number of false Bitcoin advertisements that impersonated famous individuals. The...

Read More »

Australia Gains Access to BTC Credit Card Services Through Crypto.com

Crypto.com – which issues a digital currency-based credit card to its customers – has been given the greenlight to fully work and issue its services in Australia, meaning customers of the Great Outback can potentially begin to utilize digital currencies to pay for goods and services the way they would with cash or standard payment methods.Crypto.com Is Bringing All Its Services to AustraliaWhile the crypto credit card offered by the company is the company’s primary staple, the firm provides a...

Read More »

Australian Crypto Exchange Accidentally Exposes Over 270,000 Customer Emails

The Australian cryptocurrency exchange, BTC Markets, has inadvertently exposed more than 270,000 emails of its customers. The company apologized for the inconvenience and reassured that all other data, including users’ funds, is safe.BTC Markets Exposes Customers’ EmailsA user going by the Twitter handle Stevosxrp.crypto took it to Jack Dorsey’s social media giant and Reddit to first complain about BTC Markets’ screw up. The Australian-based exchange later confirmed the breach on its official...

Read More »

Bitcoin Demand Getting Stronger, Admits Ex-Australian Senator

Cory Bernardi, an Australian politician, recently said that he became a bitcoin faithful in the last few years and he believes BTC demand is getting stronger. Bitcoin continues to find its way to the heart of mainstream politics across the world as former Australian Senator Cory Bernardi reveals today in a tweet that he has been a bitcoin convert for at least two years. Bitcoin Demand On The Rise He said this as a response to a comment on a Twitter post where he wrote about...

Read More »