australian – Page 2

Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors

A fund manager has been sentenced to more than seven years in prison for operating a Ponzi scheme that cheated investors out of $54 million.

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Bitcoin Will Eventually Be Transacted More Than Fiat Currency, Say 35% of Australians Surveyed

A new survey finds that 35% of Australians believe bitcoin will eventually be transacted more than fiat currency. Almost the same number of respondents believe that bitcoin “has a significant role to play in the future of currency.” Comparison platform Finder published Tuesday the results of a cryptocurrency survey, which it described as a “nationally […]

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CoinSpot Is Ideal Starting Point for Australian Investors to add Crypto to Portfolios in 2021

PRESS RELEASE. As the most trusted platform to buy, sell and exchange Bitcoin, Ethereum, and more than 230 other cryptocurrency tokens for Australian investors, CoinSpot encourages people who have not yet explored the investment opportunities surrounding crypto to make this new year the time they get involved. Of the four largest crypto tokens, which include […]

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Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits

Tax Office to Contact 350,000 Australians and Remind Them to Report All Crypto Profits Australian tax agents have set out to close a gap they say costs the state several billion dollars. Taxpayers who file various work-related claims and investment property deductions or declare income from sharing economy platforms such as Uber and Airbnb may be asked for explanations and receipts. Investors and traders earning income from cryptocurrencies are […]

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Australia Crypto Merchant Trade Sets $74K Monthly Record With BCH Capturing 97%

Australia Crypto Merchant Trade Sets Monthly Record at $74K With BCH Capturing 97% of Spending, Report Details Cryptocurrency payments in Australia, which have been growing in volume in the past few years, have recently scored another record. Crypto-based merchant trade across the country reached almost $74,000 in February according to a new report. Bitcoin cash has by far the largest share in retail crypto spending and transactions among coins accepted by Australian […]

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Australian Court Accepts Cryptocurrency Exchange Account as Security for Legal Costs

Australian Court Accepts Cryptocurrency Exchange Account as Security for Legal Costs A court in Australia has agreed that a crypto exchange account can be used as security for potential legal expenses. Acknowledging the volatile nature of decentralized digital assets, the judge nevertheless conceded that cryptocurrency is a recognized form of investment in the current uncertain financial times. Also read: Court Rejects Ripple’s Bid to Dismiss Class […]

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Kraken Acquires Australian Crypto Platform Bit Trade

Kraken Acquires Australian Crypto Platform Bit Trade The global crypto exchanges industry continues to consolidate as some smaller players bow out and the big players try to gobble up as much as they can of the rest. As part of this trend, Kraken has now taken over the Australian platform Bit Trade in a bit to strengthen its foothold in the Asia […]

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Binance Donates $1 Million in Crypto for Australian Bushfire Relief

Binance Donates $1 Million in Crypto for Australian Bushfire Relief The cryptocurrency community is again showing its commitment to support charitable goals around the world. Binance, the most active international digital asset exchange, has donated $1 million to help with Australian fire relief efforts and invites the community to join the initiative. The recent bushfire season is considered to be the worst in living memory, […]

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Bitcoin Cash Outshines BTC Retail Spending in Australia by a Wide Margin

Bitcoin Cash Outshines BTC Retail Spending in Australia by a Wide Margin The BCH-centric web portal Bitcoinbch.com published an in-depth report that shows the aggregate of cryptocurrency expenditure for Australian retail businesses. According to the 10-page document, BCH transactions in the country exceed BTC transactions by a wide margin and BCH is the top digital currency in Australia. Also read: Bitcoin Cast Program Gives Guests a Unique […]

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Aussie Banks Still Cold to Cryptocurrency Businesses Despite Regulation

Aussie Banks Still Cold to Cryptocurrency Businesses Despite Regulation Despite increasing regulation in the cryptocurrency sector, Australia’s major banks maintain cautious policies when it comes to cryptocurrencies. While cryptocurrency businesses appear to challenge Australian banks’ appetite for risk, many institutions permit cryptocurrencies to be purchased using credit cards. Also Read: Lithuania to Adopt Crypto Regulations Even Stricter Than the EU’s Credit Card Cryptocurrency Purchases […]

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