Australia Financial News

31.05 / 10:35

Asia Middle east Binance names Teng as head of regional markets outside US

Richard Teng to head its regional markets outside the United States, at a time when the world's largest cryptocurrency exchange has been facing scrutiny from U.S. regulators over compliance issues. Teng, who revealed his promotion on his LinkedIn profile, is already heading regions like Asia, Europe and the Middle East. He joined Binance as CEO of Singapore in August 2021.Teng will begin his new role on Monday. The development comes at a time when Binance has been under fire for non-compliance issues from U.S. authorities, while it has faced pressure in other countries as well.

31.05 / 07:59

Provident BTC Binance Digital Tether Coindesk Bitcoin Bitcoin Price Prediction: BTC Drops by Almost 2.50% - Key Insights for Today

In a swift turn of events, Bitcoin's value dipped nearly 2.50% in today's cryptocurrency market, causing a significant stir among investors and stakeholders.

30.05 / 12:27

Blockchain Binance defi Investments Trading Token Unlock Wintermute moves over $4M of Optimism to Binance ahead of token unlock

Decentralized finance (DeFi) platform Wintermute has transferred its Optimism (OP) tokens to a Binance exchange wallet ahead of the upcoming unlock that’s scheduled to release $587 million worth of tokens into the market.

30.05 / 12:27

business FTX Bankruptcy Crypto exchange TrigonX latest to emerge from the FTX rubble

Australian crypto exchange TrigonX is the latest revival story to come out of the FTX collapse, with the exchange set to relaunch after it collapsed in December with debts exceeding $50 million.

30.05 / 12:27

Binance Tether Bitcoin Dollar Bitcoin selling for $5K cheaper on Binance Australia as fiat ramp closes

Bitcoin (BTC) is trading hands at a hefty discount on the Australian branch of the Binance crypto exchange, with the price of Bitcoin down as much as 21% if traded against the Australian dollar.

30.05 / 12:27

business Binance Banks banking Buying a bank won’t solve crypto’s debanking issue: Binance CEO

Binance CEO Changpeng Zhao says the firm is unlikely to buy up any banking institutions, despite a growing worry of crypto companies being debanked, including Binance’s own operation in Australia.

30.05 / 03:15

Provident Digital Gap Racing coinbase Bitcoin regulatory Ark Investment: U.S. Crypto Innovation Threatened by Regulatory Ambiguity

Major trading firms in the United States, such as Jane Street Group and Jump Trading, are scaling back their involvement in the domestic crypto markets due to increasing regulatory uncertainties and associated risks. This retreat is causing a significant void in the once vibrant U.S. crypto landscape, which could deter interest from institutional investors.

30.05 / 00:49

Provident BLOCK Digital Citizens Bank of Japan Releases CBDC Report and Launched Its Pilot Program As Other Countries Gain Steam

The Bank of Japan released the results and findings of a report on central bank digital currencies

25.05 / 18:25

Provident Extreme Action Assurant AUD Withdrawals Binance Australia Maintains AUD Withdrawals Despite Suspension of PayID AUD Deposits

Binance, the world's largest cryptocurrency exchange, has announced an immediate cessation of PayID AUD deposits and potential impacts on bank transfer withdrawals for its users. The unexpected decision follows an action taken by its third-party payment service provider.

21.05 / 08:23

Blockchain Court investigation Bitcoin Wife finds husband’s Bitcoin stash amid divorce proceedings

The divorce proceedings of a New York couple took a turn after a forensic accountant helped track down the husband’s 12 Bitcoin (BTC) stash, which he intended to hide from his wife.

19.05 / 17:45

CBDC legislation lawmakers US lawmakers US Lawmakers Introduce ‘First Bipartisan Bill’ Blocking a CBDC

US lawmakers from both sides of the aisle introduced a bill this week to block the Federal Reserve from issuing a central bank digital currency.

19.05 / 15:37

Blockchain Ethereum ETF Bitcoin HashKey valuation licence Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a 'Horrible Mess'

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

19.05 / 07:49

business Blockchain Digital Asset stock exchange Australian Australian stock exchange officially abandons blockchain plans: Report

Australia's stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with cryptocurrencies.

19.05 / 06:35

business Binance regulation exchanges BTC Markets saga Australian Australian exchanges dispel debanking fears amid Binance saga, but risks loom

Australian-based cryptocurrency exchanges have lined up to quash contagion fears after the payments provider for Binance Australia was told to offboard the exchange, though some have warned risks still loom.

19.05 / 01:39

business Payments exchanges banking Binance Australia partner hints at rising ‘scams’ after debanking exchange

The third-party payments provider for Binance Australia, Cuscal, hinted about the impact of “scams and fraud” related to “account fraud, ID takeover and crypto activity” after being questioned why it offboarded the exchange on May 18.

18.05 / 15:35

Blockchain Binance Ripple coinbase Legal bail Today in Crypto: Binance Faces Issues in Australia & Joins Hands with TradingView, Ripple Reveals a CBDC Platform, Montenegro Prosecutors Appeal Do Kwon & Han Chang-Joon's Bail Terms

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

18.05 / 13:59

Blockchain Ethereum Provident Platform Action Cronos Bitcoin Support Crypto.com Expands Pay Service, Adds Support for MATIC, USDC, and DAI

Crypto.com, a leading cryptocurrency exchange, has revealed significant upgrades to its payment services, introducing new features and expanding the range of supported coins.

18.05 / 09:37

business Scams Bitcoin Australian Australian ‘Big 4’ bank begins trial for cryptocurrency payment blocks

Westpac, one of Australia’s ’Big Four’ banks, is launching its first trial of scam protection measures designed to combat fraudulent activities related to cryptocurrencies.

18.05 / 03:43

business FinTech Revolut Revolut launches business offering in Australia, seeks banking license

Crypto-friendly fintech firm Revolut has launched international payments-focused business accounts for clients in Australia, as it reportedly works to secure a banking license down under.

18.05 / 03:43

business Binance exchanges Dollar Suspends services Binance Australia suspends AUD fiat services, citing issues with third party

Cryptocurrency exchange Binance Australia has informed users it has suspended Australian dollar services as its local payment services provider has seemingly stopped support for the exchange.

18.05 / 02:23

Blockchain CBDC Adoption Central Bank Usd Coin Australia marks first FX transaction using a CBDC as eAUD pilot continues

Australia has successfully made its first foreign exchange transaction using eAUD as part of a live pilot for the country’s potential central bank digital currency (CBDC).

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