As the crypto industry continues to dominate, financial regulators fear criminals will turn to the industry for their illicit activities. This year 2021, has been hot for the crypto industry in terms of regulation. Many financial watchdogs in the USA and other countries pushed harder to regulate the sector. Some top exchanges, including Binance, saw…
Bitcoin and other cryptocurrencies are increasingly making appearances in the world of sports. The latest team to enter the cryptocurrency world is Australian Baseball League club Perth Heat. On Wednesday, the club announced that it integrated crypto payments into its operations. The Heat said they had partnered with OpenNode to accept and send Bitcoin payments powered…
In a recent investigation by The Guardian, alarming details have emerged regarding a crypto project, HyperVerse, that allegedly lost $1.3 billion of investors’ funds. The report reveals that the chief executive officer promoted by the project, supposedly backed by celebrity endorsements including Chuck Norris, appears to be absent. Investigation Exposes HyperVerse Crypto Scam HyperVerse, promoted…
BlackRock will list an iShares Bitcoin ETF on the Australian Securities Exchange in mid-November 2025, according to public filings and market reports. Related Reading The product will be a local wrapper around BlackRock’s US iShares Bitcoin Trust — a vehicle that launched in January 2024 and now manages about $85 billion. Based on reports, the…
The government of Australia wants to ban cash payments for goods and services exceeding 10,000 AUD ($6,900). Interestingly, it excludes digital currency, such as Bitcoin, from the restrictions, arguing that if the regulations cover crypto assets, they would also limit innovation. Although Bitcoin is excluded from the proposed ban, such restrictions make the case for…
Malta based Binance is setting itself up for global domination in the crypto industry. Whatever market sentiment may be at the moment, the company has not been deterred as it reportedly eyes antipodean shores for its next crypto exchange. Binance Branches Out According to Aussie crypto outlet Micky, Binance boss Changpeng Zhao said that the…
Australian police have been informed of a scam in which the perpetrators are requesting people deposit funds for them at cryptocurrency ATMs. It is thought that those behind the scam are targeting newly-arrived migrants who are unsure if such requests are genuine since they are navigating an entirely foreign system of taxation for the first…
Australia's Treasury has initiated a public consultation to gather feedback on implementing the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF). This effort aims to bolster tax transparency and counter global tax evasion as cryptocurrency adoption grows. The consultation, launched on Nov. 21, invites input on two potential approaches: directly integrating the…
The New South Wales Police Force have placed two Sydney residents in custody after they allegedly attempted to launder $300,000 in cash that was suspected to be involved in a string of crimes, by converting them into crypto. Criminal Crypto Converting Couple Charged NSW Police Cybercrime Squad detectives arrested an unidentified male, age 32, and…
The crypto world has had its fair share of drama as the bear market bites down on the entire landscape. In addition, global inflation has also caused most companies to resize their organizational structure. Crypto businesses are now planning for effective cost-management strategies to prevent a collapse. However, the fear in the market for most…