Cryptocurrency exchange Gemini announced Wednesday that it is officially opening its doors to customers in Australia.
The exchange’s fifth international move, the development means that Australian users can buy and sell five cryptocurrencies on Gemini including bitcoin, bitcoin cash, ethereum, litecoin, and zcash.
Commonwealth Bank of Australia (CommBank) has co-developed a blockchain marketplace that it says could support sustainable development and reward landowners for protecting the environment.
Created in partnership with BioDiversity Solutions Australia (BDS), the prototype platform uses digital tokens, dubbed BioTokens, to facilitate trading of biodiversity credits for the New South Wales Government’s Biodiversity Offsets Scheme.
The scheme requires developers to obtain the credits to offset the impact of development.
The Australian Tax Office (ATO) has sent out warning letters to investors who have placed the majority of their retirement savings in cryptocurrencies.
As part of an ATO effort to warn against high-risk retirement investment strategies, 18,000 holders of Self-Managed Super Funds (SMSFs), a type of retirement account privately managed by individuals, were told they face penalties up to 4,200 AUD for breaching regulations, according to local media reports.
While the letter targeted any SMSF holder with over 90 percent of their retirement savings in a single asset – primarily in property – the ATO also singled out cryptocurrencies as a high-risk investment.
Five people have been charged in Australia over a cold-call cryptocurrency investment fraud.
After an investigation by the Financial and Cyber Crime Group, State Crime Command, detectives allege that three men and two women duped over 100 investors into handing over A$2.7 million (around US$1.83 million) believing that they were generating significant profit.
That was not the case, however, according to a warning from Queensland police on Thursday.
An Australian couple lost over AU$20,000 (US$14,000) in a bitcoin scam, and were even taunted by the perpetrator over their losses.
According to a report by the ABC, Nick and Josie Yeomans put money into a trading scheme discovered on Facebook that used the web domain Coinexx.org (not to be confused with Coinexx.
A consortium of Australia-based financial services companies have teamed up with IBM and shopping center operator Scentre Group to launch a pilot that puts retail lease bank guarantees on a private blockchain.
Lygon – launched with participation from ANZ, Commonwealth, and Westpac banks on July 3 – will collect and digitize data from a test group of Scentre Group lease holders across Australia.
The Reserve Bank of Australia (RBA) Chief, Philip Lowe, declared himself to be profoundly skeptical on the impact of Facebook’s new cryptocurrency.
The goal of Libra as a massively adopted digital currency might look good on paper for some, but the regulator doesn’t see it as much of a possibility in the short run.
The Australian Taxation Office (ATO) may soon crack down on major tax avoidance schemes using cryptocurrencies.
According to a report from The Sydney Morning Herald on Thursday, the ATO is working on 12 tax avoidance cases involving abuse of crypto assets. Notably, the agency’s deputy commissioner, Will Day, said at least one of the cases involve a “global financial institution,” which is suspected of hiding assets and income details of taxpayers.
The Australian Securities and Investments Commission (ASIC) has published an update on how it intends to regulate crypto-related businesses and initial coin offerings (ICOs).
In this guideline, the financial regulator outlines requirements that need to be followed for cryptocurrency businesses to be compliant with the ASIC Act.
The Australian Securities and Investments Commission (ASIC) has issued updated regulatory guidance for businesses involved with ICOs and crypto assets.
Announced Thursday, the guidance details the legal obligations for cryptocurrency firms under the country’s Corporations Act, the ASIC Act and other laws.
The Australian Federal Police (AFP) has charged a government employee alleged to have misused government IT infrastructure for personal cryptomining operations, per a press release.
In the release, the AFP states that the unnamed 33-year-old man is an IT contractor with the Australian government, who took advantage of his access to “manipulate programs to use the processing power of the agency’s computer network for cryptocurrency mining.
A 33-year-old Australian government employee has been charged after he was caught mining cryptocurrency at work.
In a media release Tuesday, the Australian Federal Police (AFP) alleged that the IT contractor from the Sydney suburb of Killara had modified government computer systems to mine cryptocurrency worth over AU$9,000 (US$6,184) for his own gain.
Popular crypto exchange Zebpay has announced that it is going down under.
The exchange announced in-country AUD support on Twitter today. It joins exchanges like Coinbase and CoinCorner in supporting the continent.
The Australian Securities Exchange (ASX) is now allowing clients to test its in-development blockchain-based equities clearing and settlement system.
Through its newly opened Customer Development Environment (CDE), ASX customers can connect to the system via a blockchain node and experiment with the tech, the exchange announced Tuesday.
The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $6.1 million AUD ($4.3 million USD) lost to crypto criminals.
This marks a substantial rise from the $2.
Australia saw a surge in reports of scams involving cryptocurrencies last year, according to the country’s consumer watchdog.
In 674 cases, victims reported to the the Australian Competition and Consumer Commission (ACCC) and other government agencies that cryptocurrency had been used to pay scammers in 2018, with reported losses of AU$6.1 million (US$4.3 million), the ACCC said in its tenth annual “Targeting Scams” report on Monday.
The Australian arm of “Big Four” auditing firm PwC is working a new solution aimed to boost efficiencies in the country’s international trade systems.
Announced Tuesday, PwC Australia is collaborating with the Australian Chamber of Commerce and Industry (ACCI) and the Port of Brisbane for the development of a new platform that utilizes blockchain technology to link supply chain information – in theory eliminating difficulties with traditional methods by, a release states, removing complexity.
The United Nations Children’s Fund (UNICEF) is seeking to harness supporters’ computers to raise donations via cryptocurrency mining.
To that end, the organization has launched “The Hope Page” – a website that mines cryptocurrency with the help of visitors’ computer processing power. The non-profit described in a statement that site will “allow Australians to provide help and hope to vulnerable children by simply opening the page while they are online”, ITnews Australia stated.
The Australian Securities Exchange (ASX) is moving closer to replacing its CHESS clearing and settlement system with a distributed ledger-based alternative.
Details about the system’s progression toward production launch were included in an 87-page consultation paper published Friday, which included a timeline for when the switch will be made as well as descriptions of the types of functions it will and won’t support.
Utility billing and payment services provider Novatti is launching a new Australian dollar (AUD)-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network.
As the platform’s tokens are tied to Australian dollars, all units in circulation will have an equal, matching reserve of AUD, allowing investors to use the currency freely without having to worry about price fluctuations.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...