Tax experts have warned that cryptocurrency traders could be on the hook for tens of thousands of dollars in unexpected tax bills due to the collapse of major stablecoin Terra.
Ishan Wahi is accused of leaking information to help his brother and a friend make more than $US1 million.
Game director Derek Lau thinks blockchain games will give more power and control to the players.
Cryptocurrency trading volumes have plummeted amid a dreadful first half of the year for the industry.
Alongside the usual tranches of cash,property,and intangible assets,the balance sheet of ASX-listed DigitalX features one highly unusual addition:216 bitcoin.
One of the largest cryptocurrency lenders in the world has sought bankruptcy protections after suddenly stopping withdrawals last month amid the market rout.
The industry lured investors in with its technobabble,used some of that cash flow to buy the illusion of respectability,which brought in even more investors. And for a while,it became,in effect,too big to regulate.
The turbulent cryptocurrency market may be nearing the bottom of its steep decline,some investors and market watchers say.
As cryptocurrencies weather one of their worst bear markets in recent history,Sydney technology worker Ben Kennedy still uses crypto to pay for his lunch.
Michael Daher,who was the face of an alleged $200 million ponzi scheme,says he is the fall guy and the real operator is a person from Nigeria.
Crypto investors are known for their devotion,but their confidence is cracking as the latest company collapse rattles the industry.