2021 was the year that cryptocurrency went mainstream. There were a raft of new developments as well as warnings along the way.
Over a six-week period a chat group on messaging platform Telegram wreaked havoc on the ASX,working together to push up share prices before dumping the stocks on unsuspecting traders.
A decision to sever the trial of Gregory Dwyer from his co-defendants from BitMEX will benefit the Aussie cryptocurrency entrepreneur,the US Attorney for the Southern District of New York says.
Sydney-born Greg Dwyer plans to fight the charges after initially refusing requests by the US authorities to surrender to face criminal charges over the BitMEX cryptocurrency exchange.
I needed a change,some excitement – and what better time than during a global pandemic to take a leap into the unknown.
Sydney-headquartered Halifax Investments was one of the biggest independent brokers of shares before its November 2018 collapse.
Customers thought they were using a legitimate seller of contracts for difference. Instead,they got a boiler room where a bell was rung to celebrate every time someone was sucked in.
Some larger operators have recorded a rush of clients still looking to access high leverage products despite ASIC’s new rules restricting their sale to retail investors.
New rules limiting the leverage available on contracts for difference to Australian retail customers have come into effect,but ASIC still has more work ahead of it.
BitMEX boss Arthur Hayes has agreed to hand himself in after Easter but former Gordon resident Greg Dwyer is yet to broker such an arrangement with US authorities.
NZ-based trading platform,with $1 billion in funds under management,is offering trades from as low as one cent to younger traders flooding the market.