Australia Financial News

The Federal Reserve is starting the process of paring back its $9 trillion balance sheet that ballooned in recent years in a move called Quantitative Tightening (QT). 

Billionaire Elon Musk and Dogecoin (DOGE) co-founder Jackson Palmer are locked in battle on social media over Palmer’s claim that he could remove Twitter bots with a simple Python script.

Executives at two of Australia’s “big four” banks have ruled out allowing retail customers to trade cryptocurrency on their platforms, with one reasoning that customers don’t understand “basic financial well-being.”

The bank said in November that it had partnered with crypto exchange and custodian, Gemini, and blockchain analysis firm, Chainalysis to design a service that will be offered to customers through a new feature in the app. A pilot programme was initiated that provided access to up to ten selected crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

Taiwan is where people are the most interested in non-fungible tokens (NFTs), according to research conducted by NFT Club.

Australian consumer advocacy group CHOICE has called on the federal government to provide better protection for crypto investors while submitting a proposed regulatory framework for cryptocurrency exchanges operating in the country.

A man from Mumbai has been duped of Rs 1.57 crore in a cryptocurrency investment scam

The nonfungible token (NFT) game Stepn will ban users in mainland China in an attempt to follow Chinese regulatory requirements.

Australia’s Swinburne University of Technology has partnered with two financial technology firms which will provide its students exposure to the financial technology and cryptocurrency business world.

Crypto Scammers Pose as Journalists, NFT Projects on Twitter

Internet scammers are using hijacked accounts on Twitter Inc. to promote dubious cryptocurrency platforms that, once installed, enable them to compromise victims’ sensitive data, according to new findings provided exclusively to Bloomberg News.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Australia’s centre-left opposition party toppled the conservative government after almost a decade in power, and Prime Minister-elect Anthony Albanese in his Saturday election victory speech promised sharper reductions in greenhouse gas emissions while he faces an early foreign policy test.

Russian energy giant Gazprom said on Saturday it had suspended all gas deliveries to Finland after Helsinki refused to pay in roubles. 

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

The Commonwealth Bank of Australia (CBA) has put its plans for a second pilot program of crypto trading services on hold indefinitely and cut off access to those in the first round of testing.

A pilot programme was initiated that provided access to up to ten selected crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.However, with the crypto markets in turmoil, the rollout has been suspended, with no time set on when it will resume.In a tech briefing to investors, CEO Matt Comyn says: “As events of the last week have reinforced, it is clearly a very volatile sector that remains an enormous amount of interest. But alongside that volatility and awareness and I guess the scale, certainly globally, you can see there is a lot of interest from regulators and people thinking about the best way to regulate that.“Our intention still, at this stage is to restart the pilot, but there is still a couple of things that we want to work through on a regulatory front to make sure that that is most appropriate.”The Australian federal Treasury is currently consulting on regulation around cryptocurrency, with submissions open until 27 May.

Pizza DAO, the decentralized blockchain project seeking to unite the global community of pizza fanatics with the technological potential of Web3, are celebrating Sunday's Bitcoin Pizza Day in authentic style.

South African central bank eyes digital rand to cut cross-border payment costs

UST’s crash was the black swan event which confirmed that crypto-winter is here. Additionally, the market’s failure to register significant recovery further enforced this conclusion. Investors are now left wondering how long the crypto-winter will last, but Grayscale’s ETF applications might provide us a reasonable timeline.