Tag Archives: Australia

The number of cryptocurrency-related companies aiming to go public continues to increase, with the latest example being Iris Energy Pty. The firm, focused on green Bitcoin mining, has filed with US regulators for a direct listing on Nasdaq this year. Based in Sydney, Australia, Iris Energy is a Bitcoin mining firm that “owns and operates real assets, including data center infrastructure, powered by renewable energy.” According to a press release dated August 18th, the company...

CoinJar, a leading Australian cryptocurrency exchange, has recently partnered with the payment processing giant Mastercard to launch a new prepaid card to make digital asset services accessible to mainstream users. CoinJar Launches Crypto Card In an official blog post published on Tuesday, the exchange disclosed that the new CoinJar card will allow users to make purchases with their crypto assets wherever Mastercard is accepted. This initiative will enable Australians to...

The buy-now-pay-later company Zip Co revealed its plans to launch cryptocurrency trading services in the US and Australia within the next year. It’s not yet clear which assets will be supported. Zip Dives into Crypto According to a Reuters report, the Aussie financial technology company Zip Co is looking to provide its American and Australian clients an opportunity to trade in virtual currencies. The organization further announced that it would implement the move within the...

The co-founder of Magellan Financial Group – Hamish Douglass – opined that the crypto market is one of the “greatest mass delusions in modern history.” To him, the whole idea behind the virtual assets looks like a religion that millions of people strongly believe in. The Crypto Crash Is Inevitable Hamish Douglass – co-founder and CEO of the Australian investment company Magellan Financial Group (MFG) – warned investors to beware of the cryptocurrency market. In a recent...

The global payments giant Visa has approved the issuance of a physical debit card that will allow Australians to spend their bitcoins at local stores and leisure venues. The inovation will enable customers to make direct purchases with crypto instead of converting digital assets to fiat money. First BTC Spending Card in Australia According to the Australian Financial Review report, Aussies will soon be able to spend cryptocurrencies via a new debit card created by the local...

Rhonda – an Australian nurse – lost all her savings after being lured into a fake bitcoin investment. The fraudulent scheme stole hundreds of thousands from the devastated Sydney woman just months before her retirement. Dreams of Retirement Were Dashed An Australian nurse revealed in a recent interview for 2GB radio how a cryptocurrency scam swindled out her entire life savings, sounding a note of caution to other investors about the red flags she should have been mindful...

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...

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...

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...

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....