Australian tech entrepreneur Fred Schebesta’s main company was last valued at $650 million,but he still uses two-ply toilet paper and his go-to shoes are six years old.
Ben Armstrong,better known as BitBoy,was one of the most popular figures in the wild,scam-ridden world of crypto influencers. Then it all fell apart.
A spat is escalating in the US over the noises made by computers performing trillions of calculations per second mining for bitcoins.
The US regulator’s announcement will likely spur a wave of crypto ETFs locally,with Queensland fund Monochrome aiming to launch its own offering in 2024.
The Australian sharemarket traded higher on Thursday,tracking gains on Wall Street driven by gains in mega-cap stock such as Amazon,Microsoft and Nvidia.
Strangely,the only group that wasn’t donning party hats and blowing whistles was the US securities regulator itself.
A highly anticipated decision by the US market regulator on whether to approve a spot-Bitcoin exchange-traded fund quickly morphed into a major cybersecurity incident.
Bonk Inu,created as a joke,has soared by nearly 1000 per cent in the past month,giving it a $2.5 billion market capitalisation.
The dramatic downfall of two billionaires has created a power vacuum in the world of crypto.
Everything from shares to Bitcoin is booming as investors get increasingly confident about what the future holds. But things don’t always go to plan.
Thousands of Australians will be under scrutiny as liquidators look to claw back money “won” in the Ponzi scheme that burned more than $2 billion in investment.