The federal government is introducing tighter regulation of the cryptocurrency market to protect the estimated one million Australians dabbling in the sector.
Nine people have been charged and $150 million worth of property and luxury goods seized after police uncovered an industrial-scale crime ring operating globally out of Sydney.
Australia’s most valuable blockchain start-up did not lend any money to a failed crypto hedge fund associated with FTX,but a Cayman Islands foundation linked to it did.
An expected FTX takeover of the Aussie fantasy sports gambling group was promising one hell of a payday after just three years,thanks to a repeal of US laws which opened the market to online betting for the first time. However,the deal quickly went up in smoke.
The Melbourne casino outfit has inked a sponsorship deal with Alfa Romeo’s F1 team that is rumoured to be worth $140 million
After last year’s meltdown,you would think we’d seen the back of crypto. But no,there is no deterring the promoters of the world’s largest-ever Ponzi scheme.
AirTree had adopted crypto industry jargon to project its bullishness on the sector,declaring it had “diamond hands” and were “black belt HODLers”.
The crypto rebound has gained so much speculative vigour that even tokens torpedoed last year by their dependence on discredited mogul Sam Bankman-Fried have rallied.
Financial Services Minister Stephen Jones says there are good arguments for treating some crypto assets as financial products,as the government consults on cryptocurrency regulation.
Crypto’s crisis year of 2022 didn’t destabilise global finance. We may not be so lucky next time.
Trading in cryptocurrency may be fraught. But the hardy souls who stay up all night offer a glimpse into the 24-7 market.