australia | ForkLog

ForkLog 19 15.07.2024

Australian Court Convicts Former BitConnect Promoter

The Sydney District Court found Australian promoter of the fraudulent $2.4 billion BitConnect scheme, John Bigatton, guilty of providing unlicensed financial services. The man was sentenced to three years of restricted freedom on the condition of good behavior. For five years, he will be barred from managing any business. According to court documents, the project […]

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ForkLog 15 17.06.2024

Australia’s Stock Exchange to Launch First Spot Bitcoin ETF

On June 20, the Australian Stock Exchange (ASX) will witness the debut of its first spot Bitcoin ETF. The product from VanEck has been approved for trading, while applications from other issuers are still under review, according to Bloomberg. BetaShares Holdings Pty and DigitalX Ltd are awaiting approval. A representative from the former informed the […]

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ForkLog 12 03.06.2024

CBOE Australia to Launch Spot Bitcoin ETF Trading

On June 4, trading will commence for the spot Bitcoin ETF by Monochrome Asset Management on CBOE Australia. This follows the issuer’s receipt of an AFS license from the Australian Securities and Investments Commission, reports Cointelegraph. The Monochrome Bitcoin ETF (IBTC) is the first and only product based on the leading cryptocurrency to be registered […]

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ForkLog 15 29.04.2024

Australia Poised for Bitcoin ETF Approval, Bloomberg Reports

The Australian Securities Exchange (ASX) may commence trading of spot exchange-traded funds (ETFs) based on the leading cryptocurrency by the end of 2024, according to Bloomberg. Applications for these products have been submitted by asset managers VanEck Australia, BetaShares, and DigitalX. Justin Arzadon, head of digital assets at BetaShares, stated that the firm is preparing […]

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ForkLog 26 19.02.2024

Australian Officer Accused of Stealing Seized 81.6 BTC

The Melbourne court is examining the case of former federal police officer William Wheatley, accused of stealing bitcoins confiscated from a drug syndicate. This was reported by CryptoPotato. In January 2019, police investigated the illegal trade of drugs and steroids via the darknet and seized, among other things, a Trezor hardware wallet containing 81.6 BTC. […]

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ForkLog 27 29.01.2024

Russian Linked to REvil Faces Sanctions from Three Nations

The United States, Australia, and the United Kingdom have imposed sanctions on Russian national Alexander Ermakov, held responsible for the hacking of Australian insurance company Medibank. The U.S. government claims that Ermakov and other participants in the attack are connected to the Russian-backed cybercriminal group REvil. According to OFAC, in October 2022, ransomware operators stole […]

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ForkLog 8 04.09.2023

Australian Senate committee rejects crypto bill from opposition senator Andrew Bragg

The Australian Senate committee rejected a bill regulating the cryptocurrency market, introduced by opposition Senator Andrew Bragg.

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ForkLog 11 23.08.2023

RBA says CBDC launch still several years away

The release of the digital Australian dollar is still several years away, the central bank said after the pilot phase.

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ForkLog 12 18.08.2023

Crypto lender Helio Lending fined for false licensing claims

The Australian Securities and Investments Commission (ASIC) secured a good-behaviour bond (without conviction) against crypto lender Helio Lending for false statements about possessing a licence.

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ForkLog 24 03.08.2023

Australian Regulator Sues eToro Over High-Risk Product

The Australian Securities and Investments Commission (ASIC) has filed a suit against the eToro platform over claims about its CFD product lineup.

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ForkLog 15 31.07.2023

Australian Bendigo Bank restricts transfers to Bitcoin exchanges

One of Australia’s largest banks — Bendigo Bank — announced the blocking of 'high-risk crypto payments' to protect customers from fraud.

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ForkLog 15 26.07.2023

Australia fines Meta $14 million for covert collection of personal data

An Australian court ordered Meta Platforms to pay a fine of AUD 20 million (about $14 million) for covert collection of personal data through the Onavo app designed to protect privacy. Reuters reports.

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