Australia Financial News
20.06 / 05:27
Adoption
Binance
regulation
Investments
coinbase
31% of young Aussies hold crypto despite being ‘risk averse’ — ASX survey
Despite seeing themselves as more “risk averse” than their older counterparts, nearly a third of all young Australian investors hold or have traded cryptocurrencies over the last year, a new study has found.
20.06 / 04:09
Law
regulation
Bitcoin Regulation
policies
Australia's crypto laws risk being outpaced by emerging markets: Think tank
The Australian government needs to quicken its pace in developing crypto regulation or risk falling behind developing markets, according to the chair of a new crypto think tank.
17.06 / 18:31
Provident
Binance
Waters
CEO
Platform
Action
VASP
exits
dutch
Binance Exits Dutch Market Following Unsuccessful Bid for VASP License
Binance crypto exchange has decided to withdraw from the Dutch market following an unsuccessful attempt to obtain a virtual asset service provider (VASP) license from the Dutch regulator.
13.06 / 13:57
Blockchain
Adoption
SEC
Banks
Unfazed by SEC tumult, top banks work to make blockchains interoperable
Amid all the tumult in the crypto world, some of the world’s largest banks have been quietly reflecting on ways to bring digital assets to institutional customers. And last week, a plan emerged.
08.06 / 15:17
Twitter
Binance
SEC
Advertising
YouTube
Instagram
US court
Customers
Today in Crypto: US Court Issues a Summons for Binance's CZ, EU Targets Instagram, YouTube, TikTok & Twitter Over Crypto Ads, Commonwealth Bank of Australia Limits Customers' Ability to Send Money to Crypto Exchanges
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
08.06 / 06:03
business
regulation
Banks
banking
Australian
Major Australian bank to decline ‘certain’ payments to crypto exchanges
Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers.
07.06 / 11:19
NFT
Non-fungible tokens
Metaverse
Fashion
Backed
Louis Vuitton Set to Launch $42,000 Physical-Backed NFT Trunks
French luxury fashion house Louis Vuitton has announced its first non-fungible token (NFT) collection, with each iconic-trunk-turned-digital-collectible coming with a tag of nearly $42,000.
06.06 / 23:47
Blockchain
UPS
Citi
Platform
BNI
Swift steps up blockchain experimentation
The fresh initiative follows a proof-of-concept conducted with Chainlink last year on the development of a Cross-Chain Interoperability Protocol (CCIP) that would connect Swift to multiple blockchain networks. Tom Zschach chief innovation officer, Swift, says there’s unlikely to be a single prevailing blockchain network.
06.06 / 18:54
regulation
How regulators are mitigating the risk of extinction from AI: Law Decoded, May 29–June 5
The lively discussion around artificial intelligence (AI) continues. Last week, dozens of AI experts — including the CEOs of OpenAI, Google DeepMind and Anthropic — signed an open statement with a single sentence: “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.”
06.06 / 18:20
03.06 / 04:23
business
Adoption
CoinATMRadar
Net Bitcoin ATMs record an increase after 4 months of global downtrend
Breaking the year-long trend of declining Bitcoin (BTC) and crypto ATMs across the globe, May recorded a steep increase in net installations with nearly 1,400 machines.
02.06 / 16:19
Blockchain
UPS
Arrow
2020
Animoca Brands' Chairman Attributes Delayed 2020 Accounts to Recent Turbulence
A leading Hong Kong-based blockchain gaming and Web3 investor, Animoca Brands, has delayed its financial report since 2020.
02.06 / 12:17
Blockchain
UPS
Twitter
BLOCK
Mining
proof-of-work
Bitcoin
Future
Quantum Computing Meets Blockchain: Scientists Propose New Version of Proof of Work Consensus – Future of Crypto?
A newly published research paper from a team of researchers from Australian and American universities, in collaboration with quantum technology company BTQ, has proposed a new approach to the proof-of-work (PoW) consensus mechanism based on boson sampling.
01.06 / 20:11
Blockchain
Technology
defi
Research
Quantum Computing
Bitcoin
Scientists propose quantum proof-of-work consensus for blockchain
A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain consensus that relies on quantum computing techniques to validate consensus.
01.06 / 18:59
business
Binance
regulation
services
What will Binance Australia services look like after debanking?
Binance users in Australia now have a narrowed pool of options to purchase cryptocurrencies amid the ongoing global debanking of crypto businesses. Since 5:00 pm local time on June 1, fiat on-ramps and off-ramps by bank transfers have been halted in Australia. The suspension includes trading for Australian dollar (AU$) pairs.
01.06 / 09:03
Blockchain
regulation
Crypto.com
Crypto.com joins ranks of licensed payment institutions in Singapore
The Singapore-based cryptocurrency exchange, Crypto.com, announced on June 1 that it had been granted a major payment institution (MPI) license for digital payment token (DPT) services by the Monetary Authority of Singapore (MAS).
01.06 / 07:07
Government
Law
regulation
ChatGPT
consultation
Australia asks if ‘high-risk’ AI should be banned in surprise consultation
The Australian government has announced a sudden eight-week consultation that will seek to understand whether any “high-risk” artificial intelligence tools should be banned.
01.06 / 02:49
Blockchain
Citi
CEO
Curve Finance CEO Michael Egorov and Spouse Acquire Two Melbourne Mansions, Amassing an Impressive 5663 Square Metre Estate
In an unprecedented move showcasing a hefty investment in Australia's property market, Curve Finance(CRV) CEO Michael Egorov and his wife Anna have made a grand purchase in the heart of Melbourne, according to Financial Review. They've managed to acquire not one, but two stately mansions, amalgamating an impressive landholding of 5663 square metres.
01.06 / 02:49
Provident
Binance
Platform
Action
AUD
Trading Pairs
Australian
Binance Halts Certain Trading Pairs and Disables PayID AUD Deposits Amid Tightening Australian Regulations
In an ongoing adaptation to tighter Australian regulations, Binance, the world's largest cryptocurrency exchange, has announced significant changes affecting its Australian users.
31.05 / 13:37
Bitcoin
Bitcoin Trading at Discount on Binance Australia Due to Upcoming Payment Cutoff – Here's What You Need to Know
As Binance Australia is facing a cut off from a key local on-ramp service, traders have been trading Bitcoin (BTC) and other cryptocurrencies at a discount on the platform.
31.05 / 10:35
business
Binance
BTC Markets
Derivatives
Will
Customers
Binance Australia customers seen selling bitcoin at discount to rival exchanges
Binance, the world's largest crypto-currency exchange, were almost A$9,000 lower than prices on rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world's biggest cryptocurrency, bitcoin, was at around A$34,000($23,062.20) on Binance Australia, compared with A$43,000 on BTC Markets, an Australia-based cryptocurrency exchange. Bitcoin was quoted at $27,790 outside Australia. Binance did not immediately respond to Reuters request for comment.
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