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Category: Australia

  1. Home
  2. Bobs-News World
  3. Archive by category : "Australia"
  4. Page 2
Australian Crypto Exchange CoinSpot Hacked for $2.4 Million in Probable Private Key Compromise
  • bob
  • 2023-11-09
  • Australia
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • Financial Scams and Security

Australian Crypto Exchange CoinSpot Hacked for $2.4 Million in Probable Private Key Compromise

Australian cryptocurrency exchange CoinSpot has reportedly fallen victim to a hack, resulting in a loss of $2.4 million. The breach is believed to be a result of a compromised private key on one of CoinSpot’s hot wallets. Blockchain analyst ZachXBT identified two transactions entering the hacker’s wallet, which were then transferred to the Bitcoin network […]

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Australian Government Proposes Licensing Requirement for Crypto Exchanges
  • bob
  • 2023-10-17
  • Australia
  • Cryptocurrency Exchanges
  • Government Policies and Cryptocurrency Adoption
  • Regulatory Developments

Australian Government Proposes Licensing Requirement for Crypto Exchanges

The Australian government is proposing a new regulation that would require cryptocurrency exchanges to obtain a license from the country’s financial services regulator in order to operate. Under the proposal, digital asset intermediaries would need to obtain an Australian financial services license from the Australian Securities and Investments Commission (ASIC) to issue and deal in […]

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Australia Unveils Plans for Comprehensive Licensing Regime for Crypto Exchanges
  • bob
  • 2023-10-16
  • Australia
  • Cryptocurrency Exchanges
  • Government Policies and Cryptocurrency Adoption
  • Regulatory Developments

Australia Unveils Plans for Comprehensive Licensing Regime for Crypto Exchanges

Australia’s Treasury has announced plans to introduce a comprehensive licensing regime for cryptocurrency exchanges in an effort to regulate the rapidly expanding industry. The proposed framework requires exchanges to obtain an Australian Financial Services license (AFSL) from the Australian Securities and Investments Commission (ASIC) if they hold more than AUD 1,500 of any single client’s […]

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Australian Treasury Proposes Regulation for Crypto Exchanges Under Existing Financial Services Laws
  • bob
  • 2023-10-16
  • Australia
  • Cryptocurrency Exchanges
  • Government Policies and Cryptocurrency Adoption
  • Regulatory Developments

Australian Treasury Proposes Regulation for Crypto Exchanges Under Existing Financial Services Laws

Australian cryptocurrency exchanges have welcomed plans from the Australian Treasury to regulate the industry under existing financial services licensing measures. The Treasury’s consultation paper outlined proposed regulations that would subject cryptocurrency exchanges to existing financial services rules and introduce new guidelines for all Australian firms dealing in digital assets. The new regime aims to provide […]

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Australia to Introduce Crypto Regulation Requiring Licenses for Exchanges
  • bob
  • 2023-10-16
  • Australia
  • Cryptocurrency Exchanges
  • Government Policies and Cryptocurrency Adoption
  • Regulatory Developments

Australia to Introduce Crypto Regulation Requiring Licenses for Exchanges

The Australian federal government is planning to introduce new regulations that will require cryptocurrency exchanges to obtain a financial services license. The regulations will focus on the exchanges themselves rather than individual tokens or cryptocurrencies. Exchanges holding more than $5 million in aggregate or exceeding $1,500 for any individual user will be required to obtain […]

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Australian Government Considers Requiring Cryptocurrency Exchanges to Obtain Financial Services License
  • bob
  • 2023-10-16
  • Australia
  • Cryptocurrency Exchanges
  • Government Policies and Cryptocurrency Adoption
  • Regulatory Developments

Australian Government Considers Requiring Cryptocurrency Exchanges to Obtain Financial Services License

The Australian federal government is considering implementing new regulations that would require cryptocurrency exchanges to obtain a financial services license from the Australian Securities and Investment Commission (ASIC). The aim of these regulations is to protect consumers while still fostering innovation in the digital asset sector. The proposed framework focuses on regulating exchanges and service […]

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Mastercard and Reserve Bank of Australia Successfully Test Interoperability of Central Bank Digital Asset
  • bob
  • 2023-10-13
  • Australia
  • Central Bank Actions
  • Company News
  • Cryptocurrency Innovations

Mastercard and Reserve Bank of Australia Successfully Test Interoperability of Central Bank Digital Asset

Payments processing giant Mastercard and the Reserve Bank of Australia (RBA) have successfully tested the interoperability of a central bank digital asset (CBDC) and the ability to restrict its use to authorized parties. Mastercard’s solution allowed the holder of a pilot CBDC to purchase a non-fungible token (NFT) listed on Ethereum. The RBA’s pilot CBDC […]

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The Dark Side of Cryptocurrencies: From Fake Abductions to Ponzi Schemes, Unveiling Crypto Horror Stories
  • bob
  • 2023-10-13
  • Australia
  • Cryptocurrency Market Analysis
  • Financial Scams and Security

The Dark Side of Cryptocurrencies: From Fake Abductions to Ponzi Schemes, Unveiling Crypto Horror Stories

Friday the 13th is often associated with horror and superstition, and in the world of cryptocurrencies, there have been some truly terrifying stories. One such story involves QuadrigaCX, Canada’s largest cryptocurrency exchange, which unexpectedly collapsed, leaving 115,000 investors and over $190 million missing. The founder of the exchange, Gerald Cotten, had recently married Jennifer Robertson […]

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Mastercard Develops Technology to Tokenize CBDCs on Multiple Blockchains, Enhancing Convenience and Security
  • bob
  • 2023-10-13
  • Australia
  • Company News
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups

Mastercard Develops Technology to Tokenize CBDCs on Multiple Blockchains, Enhancing Convenience and Security

Mastercard has developed a technology that allows central bank digital currencies (CBDCs) to be tokenized on multiple blockchains. This solution enables the wrapping of CBDCs onto different blockchain networks, enhancing convenience and security for consumers. The technology was tested in collaboration with Cuscal and Mintable, as part of a pilot project with the Reserve Bank […]

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Crypto Influencer Challenges Billionaire Calvin Ayre to $100 Million Bet on Craig Wright’s Identity as Satoshi Nakamoto
  • bob
  • 2023-10-12
  • Australia
  • Cryptocurrency Innovations
  • Cryptocurrency Market Analysis
  • Government Policies and Cryptocurrency Adoption

Crypto Influencer Challenges Billionaire Calvin Ayre to $100 Million Bet on Craig Wright’s Identity as Satoshi Nakamoto

Kara Szabo, a crypto influencer, has challenged Canadian billionaire Calvin Ayre to a $100 million bet if he can prove that Craig Wright is the creator of Bitcoin, Satoshi Nakamoto. Ayre responded by stating that Wright’s “domain knowledge and Patent portfolio” were enough for him, and that “history will not be kind” to Szabo. The […]

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