In response to the recent legal action taken against major cryptocurrency exchanges Binance and Coinbase, Commonwealth Bank has implemented restrictions on transfers to high-risk crypto exchanges. Continue Reading

On Tuesday, the minister overseeing financial services in Hong Kong announced that the city has decided to allow retail investors to trade cryptocurrency under its new regulatory framework. Continue Reading

Ledger recently faced further criticism after its support team made a now-deleted tweet stating that "from a technical standpoint, it has always been possible to develop firmware that enables key extraction," implying that the company could extract users' keys.Continue Reading

Australia cryptocurrency entrepreneur, Fred Schebesta, has stated that whilst the token mapping by the Australian government is “wonderful”, he warns it could lead to some detrimental effects on the space and wider economy.    You can read about the government’s prioritising of this token mapping in our article here.    Fred is the co-founder of...Continue Reading

A report from Arcane, published by CoinTelegraph, has indicated that While innovations in chipset manufacturing have helped reduce operational costs related to Bitcoin mining, a report has revealed the market’s potential to transform the energy industry.   Bitcoin Mining is said to be responsible for approximately 137 terawatt hours of energy consumption per year according...Continue Reading

Crypto.com, has mistakenly transferred $10.5 million to a Melbourne woman, Thevamanogari Manivel, back in May of 2021, when they were simply trying to process a refund of $100.     The exchange is currently reeling from the expensive accident, revealing the mistake was only picked up 7 months later in an end-of-year audit, according to...Continue Reading

According to Cointelegraph, the Reserve Bank of Australia (RBA) is weighing in on the race of exploring the use cases of central bank digital currency (CBDCs) in the nation.     In doing so, it will collaborate with the Digital Finance Cooperative Research Centre (DFCRC) on a respective research project. The DFCRC is a $180...Continue Reading

On Monday the U.S. Treasury Department placed sanctions against the cryptocurrency mixing service Tornado Cash, citing its use by the North Korea-backed Lazarus Group in the high-profile hacks of Ethereum bridges to launder and cash out the ill-gotten money.     Tornado Cash is a so-called mixer, which blends streams of digital currency to mask...Continue Reading

Zipmex, a  cryptocurrency exchange that operates in Singapore, Thailand, Indonesia and Australia has paused withdrawals on its platform following a “combination of circumstances” beyond its control.   Per Cointelegraph, reports that Zipmex could be in trouble were dismissed as “rumours” by CEO and co-founder Marcus Lim following the failed acquisition of the Thai exchange by...Continue Reading

Leading electricity car manufacturer Tesla has revealed it has converted 75% of its Bitcoin holdings into fiat currency, selling $936 million worth, the company reported Wednesday in its earnings report.     “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency. Conversions in Q2 added $936M...Continue Reading