But while Labrys’ offerings seem like a simple pitch, in reality, Feeney says working with more traditional corporate clients can be difficult because “they don’t know what they want done”. This challenge, he says, is due to an inherent mismatch between the way traditional businesses operate and the way blockchain-based...
Australia’s newly-elected Prime Minister – Anthony Albanese – reportedly has three top issues to deal with it as the new leader of the country. These include battling climate change, reducing the cost of living, and imposing comprehensive rules on the cryptocurrency industry. Crypto Included as a top Priority The Australian...
Market observers believe that the new Prime Minister of Australia, Anthony Albanese, should prioritize addressing climate change, the rising cost of living, and the regulation of cryptocurrencies as some of the most important policy concerns in his first 100 days in office. Albanese assumes leadership at a time when families...
Commonwealth Bank (CommBank), Australia’s largest bank, is putting a brake on the launch of its crypto trading service, with no firm timeframe to resume the project, The Guardian reported on Thursday. First announced in November, the service would enable some 6.5 million CommBank app users to buy and sell up...
The inaugural cryptocurrency-focused exchange-traded funds (ETFs) have begun trading in Australia amid a wider market sell-off that could be the beginning of another prolonged crypto winter. Australia’s first crypto ETFs debuted on the Cboe Global Markets local exchange on May 12 following a delayed launch. The three funds are 21Shares...
The launch of Australia’s first three Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETF) scheduled for Wednesday has been delayed as a result of further “checks” needing to be completed. The exchange listing the Bitcoin Spot ETF from Cosmos Asset Management, Cboe Australia, released a statement late Tuesday stating that...
The ETF Securities funds will also charge a withdrawal fee of $500 to anyone redeeming their holding in exchange for bitcoin, ether or cash, but charge no exit fee to traders using an exchange. Cosmos fund will charge a $200 exit fee but only to “authorised participants”. Analysis conducted for...
This week saw the cryptocurrency market go through some serious turbulence, as the prices for the largest coins by means of total capitalization went on a rollercoaster. The tumultuous market dynamics ultimately resulted in a slight gain of about $15 billion added to the cap. Leading the market was, of...
The Commonwealth Bank of Australia (CBA) released a statement on Tuesday (April 19) denouncing claims that the bank was partnering with a cryptocurrency trading platform that came from a false news article. The fake article, which claimed to be a report from the Australian Broadcasting Corporation (ABC) news website, had...
Hong Kong-based Animoca Brands has announced that it will soon acquire Australian digital marketing agency Be Media to explore the opportunities centred around blockchain development in the country. Animoca Brands said that it is advancing its digital property rights for gaming and the metaverse. The company also announced that Be...
