Stablecoin framework is a near-term priority for Aussie regulators
As stablecoins become widely used as a means of payment, Australia is preparing to regulate them accordingly.
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Aussie Crypto Exchange Dismisses Almost Half of its Staff
The Australian cryptocurrency platform Swyftx laid off 90 of its employees, representing around 40% of its total workforce. CEO Alex Harper assured the company is “well-positioned” to cope with the…
Swyftx cuts 40% of staff as it braces against ‘worst-case scenario’
The Australian crypto exchange said while it had no exposure to FTX, it was "not immune" to its fallout.
Over 90% of Australians Have Heard About Bitcoin (Survey)
According to a study conducted by Independent Reserve, more than 25% of Aussies are crypto HODLers. Bitcoin remains the most recognizable digital currency, as 90.8% of the participants admitted being…
Bitcoin is the king of crypto brand awareness for Aussies: Report
The IRCI report states that Australians still believe in Bitcoin and that the boomer demographic is growing in conviction.
Block Earner CEO calls for licensing clarity after being sued for crypto products
Block Earner CEO Charlie Karaboga said it was a “disappointing outcome” given it had spent “considerable resources” to adhere to existing guidelines.
BTC Miner Arkon Energy Secures a $28 Million Fundraiser to Boost Mining Capacity
Arkon Energy – an Australian-based bitcoin mining firm – raised $28 million and acquired Hydrokraft AS (a Norwegian energy-based data center). These will double down on the companyr’s green strategy…
Australian firm raises $28M to expand Bitcoin mining capabilities
The Sydney-based Arkon Energy secured $28 million in a recent funding round to expand its renewable energy Bitcoin mining operations despite the volatile market.
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…
Aussie stock exchange abandons blockchain plans, leaving $170M hole
The blockchain-backed upgrade in the works for nearly five years has potentially cost Australia’s primary exchange over $170 million.
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