Tag: Australia

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Today in Crypto: National Australia Bank to Create a Stablecoin, Customers Sue Compass Mining, NYX Professional Makeup Announces a DAO

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: National Australia Bank to Create a Stablecoin, Customers Sue Compass Mining, NYX Professional Makeup Announces a DAO  Read more »Sign up for e-EUR – the progressive stablecoin

Today in Crypto: Traders at an Institutional Crypto Firm Targeted by Hackers Since July 2022, Huobi Korea to Reportedly Cut Ties with Huobi Global

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Traders at an Institutional Crypto Firm Targeted by Hackers Since July 2022, Huobi Korea to Reportedly Cut Ties with Huobi Global  Read more »Sign up for e-EUR –…
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Swyftx to chop its ‘Earn’ program this week, citing murky regulations

Australian crypto exchange Swyftx has decided to close its Earn program due to a lack of clarity around crypto products regulation. Australian crypto exchange Swyftx is set to shutter its crypto-interest product this week, citing a “constantly changing regulatory landscape” for crypto products in the country.  From Jan. 10, the crypto exchange will cease to operate…
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US With Highest Number of Closed Bitcoin ATMs in Negative Growth Year

The number of ATMs supporting digital currencies has fallen around the world over the course of a turbulent year for the whole industry. According to a new report, the United States has lost more machines offering crypto teller services than any other country, while Australia tops the chart in terms of new installations. 2022 Ends…
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Australia Now Home to More Crypto ATMs Than El Salvador – How Does This Impact Adoption?

The number of crypto ATM machines in Australia has hit new highs over the past four months, surpassing El Salvador, the country where Bitcoin (BTC) is legal tender. What’s more, two other countries overtook El Salvador: Spain and Poland.  Per Coinatmradar.com, the top 3 countries by the number of installed crypto ATMs are the US,…
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Lightning Network gets physical form in Australia with Bitcoin ATM

Lightning-enabled Bitcoin ATMs promise to offer instant transaction support and a significant cut in cost from traditional crypto ATMs. The Australian city of Coolangatta has got its first Bitcoin (BTC) ATM with integrated Lightning network capabilities. The new ATM has been installed at The Strand shopping center in Coolangatta and is now available for use…
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Australia overtakes El Salvador to become 4th largest crypto ATM hub

El Salvador’s position as the fourth-largest crypto ATM hub was short-lived as Australia stepped up its game over the following months. El Salvador, the first country to legalize Bitcoin (BTC), has been pushed down yet another spot in total crypto ATM installations as Australia records 216 ATMs stepping into the year 2023. As part of…
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Block Earner sued over crypto-yield products, CEO calls for clarity

Block Earner CEO Charlie Karaboga said it was a “disappointing outcome” given it had spent “considerable resources” to adhere to existing guidelines. The CEO of fintech firm Block Earner has lashed out over the “lack of clarity” in Australia’s financial licensing regime after his company was sued by the country’s financial services regulator for providing…
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Today in Crypto: Australia Sues Block Earner, Hacker Steals $42M from Fenbushi Founding Partner, DBS Completes Repurchase Transaction on a Blockchain-based Network

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Australia Sues Block Earner, Hacker Steals $42M from Fenbushi Founding Partner, DBS Completes Repurchase Transaction on a Blockchain-based Network  Read more »Sign up for e-EUR – the progressive…
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Australia Suspends Financial Services License of Local FTX Entity

Australia’s securities regulator has suspended the license of the Australian unit of the bankrupt crypto exchange FTX until mid-May. According to an issued statement, the platform will be allowed to provide limited financial services until Dec. 19 in order to terminate existing derivatives. FTX Australia Sees License Suspended After Accepting Voluntary Administration The Australian Securities…
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