Australia News

Hundreds of Australian investors have lost over 160 million Australian dollars ($104 million) following the liquidation of three cryptocurrency mining companies: NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd, collectively known as “NGS companies.” On April…

The Australian Securities and Investments Commission (ASIC) has appealed to the federal court regarding its decision to dismiss the regulator’s civil penalty lawsuit against Finder Wallet Pty Ltd. “ASIC has appealed the Federal Court’s decision to dismiss ASIC’s proceedings against…

Australia’s banking giant, ANZ, in a partnership with Chainlink Labs, has unveiled a successful cross-chain settlement of tokenized assets on the Avalanche network. In a blog announcement on Mar. 25, Avalanche revealed that the Australia and New Zealand Banking Group…

The Australian Securities & Investments Commission (ASIC) has secured an interim travel prohibition against a former Blockchain Global director. In a press release on Feb. 28, ASIC said it has obtained interim travel restraint orders against Liang Guo, a former…

An Australian crypto exchange is reportedly making efforts to retrieve nearly $328,000 from a user after mistakenly crediting their account due to a substantial fat-finger error. The incident involved Rhino Trading, the parent company of the crypto exchange OTCPro, which…

The NACC of Australia has alleged that a federal police officer stole 81.62 Bitcoin from a Trezor hardware wallet during a drug raid. The BTC stash is worth over $4 million at current prices. 

William Wheatley, an officer of the Australian police, is currently undergoing court proceedings in connection with accusations of stealing crypto assets seized during the dismantling of an online drug-trafficking operation. The officer in question is being charged with theft, managing…

An Australian court has sided with the Australian Securities and Investments Commission (ASIC) in a legal dispute involving the crypto startup Block Earner.

Lygon, a startup backed by major financial institutions, has gone bankrupt. Its debt hovers at around $14.3 million.

Australia’s minister to interrogate the country’s financial regulatory body, questioning why it did not caution consumers about a $1.3 billion crypto scam linked to Australia. In an interview with The Guardian, Australia’s minister for financial services and assistant treasurer Stephen…

Iris Energy Limited, a computer application company based in Australia, has confirmed the procurement of 8,380 T21 miners from Bitmain Technologies Delaware Limited in a Dec. 15 press release.

Crypto venture capital firm C1 Fund is eyeing new deals in Australia as it looks to expand its presence in the region. C1 Fund, established by Coinbase backers and lawyers, is said to be actively seeking undervalued assets in the…

As crypto losses keep surging, Australian crypto exchange Swyftx tapped TRM Labs to clamp down on scammers. Australian cryptocurrency exchange Swyftx has signed a collaboration agreement with TRM Labs, a blockchain forensic firm, in a bid to clamp down on…

The Australian Federal Police (AFP) has accused Changjiang Currency Exchange of a money laundering scheme. In a press release, the AFP said the operation, codenamed Ironside, resulted from a three-year investigation into the activities of the currency exchange business. Changjiang…

The Reserve Bank of Australia (RBA) has expressed its openness to explore the potential role of a central bank digital currency (CBDC). The RBA Assistant Governor (Financial System) Brad Jones made these remarks in a speech titled “A Tokenised Future…

The Australian treasury has released a consultation paper proposing a new regulatory framework for cryptocurrency exchanges. The new legal framework will require cryptocurrency companies to apply for a financial services license. The primary purpose of the new regulatory framework will…