Australian Gov’t Agency Unimpressed, Says Blockchain ‘At the Top of the Hype Cycle’

Australia’s Digital Transformation Agency (DTA) doesn’t appear to be impressed with the current state of blockchain technology. According to its chief digital officer, the technology is being pushed not by governments or users, but by vendors. Blockchain at the “Top of a Hype Cycle” Earlier this year, Bitcoinist reported that the Australian Government provided AUD […]

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$50,000 Lost to Bitcoin ATM Scam in Australia

Scammers conned $50,000 out of regular Australians using a blatantly obvious fake tax debt fraud. Multiple victims have been lured into paying off non-existent debt through Bitcoin ATMs. A Time-Tested Scam Scammers have managed to con upwards of $50,000 from Australian citizens, luring them in to pay off a non-existent debt in a classic fraud. […]

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All Australians Can Now Pay Their Bills With Bitcoin

Cointree and Gobbill have announced a partnership that allows Australians to pay their bills using cryptocurrency.  Details of the Partnership The former is a cryptocurrency exchange platform while the latter is a billing platform. Together, they have created a cryptocurrency bills payment system irrespective of whether the business accepts digital coins or not. Cointree, which […]

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Twitter Takes a Swing at Former Cricketer for ICO Endorsement

Another day, another celebrity-endorsed ICO. This time, it’s one of Australia’s most well-known cricketers, Michael Clarke. However, cricket fans on Twitter have their own take. Many believe that celebrities lend a certain degree of credence and authenticity to the brands that they endorse. This authority will, in theory, encourage the masses to whip out their wallets […]

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Entersoft – a New Weapon in the Fight Against ICO Scams?

Nikita Blows · April 21, 2018 · 4:00 am Brisbane-based platform Entersoft is providing comprehensive security solutions for the ICO industry, saving these companies from the threat of hacks and scams. Even though 2017 was the year of the crypto, the ICO industry enjoyed a major ripple effect. Startups were springing up and raising millions in […]

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Australian Cryptocurrency Exchanges Required to Report to Watchdog Agency

Georgi Georgiev · April 11, 2018 · 9:30 pm Australia moves to regulate cryptocurrency providers by putting them under the direct purview of Australian Transaction Reports and Analysis Center (AUSTRAC) – the country’s money-laundering watchdog. The changes, as reported by Reuters, are to become effective immediately. Months after AUSTRAC filed a money-laundering lawsuit against the […]

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Bitcoin Sports Betting Site JustBet Under Investigation by Australian Authorities

Nikita Blows · March 11, 2018 · 10:00 pm The Australian Communications and Media Authority (ACMA) is investigating JustBet for claiming to be registered in an Australian-owned territory, while actually being based in Costa Rica. The popularity of online gambling continues to grow, as does the interest in cryptocurrencies, especially Bitcoin. JustBet, a sports gambling […]

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Australia’s Major Banks Confirm They Won’t Ban Buying Bitcoin

Allen Scott · February 6, 2018 · 1:00 am Some of Australia’s biggest banks confirmed they won’t prevent customers from buying and selling Bitcoin with credit cards, unlike some of their counterparts in the UK and US.  ‘No Restrictions’ Following a different approach than Lloyds Banking Group, JP Morgan, Bank of America, and Citigroup, Australia’s […]

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Australian Banks Reportedly Freezing the Accounts of Bitcoin Users

Matthew Tompkins · January 1, 2018 · 7:00 am Reports are emerging on Twitter that bank accounts in Australia associated with Bitcoin purchases are being frozen alongside transactions that users may be making to some of the country’s most popular cryptocurrency purchasing sites. The Australian banks which have been accused of freezing accounts of Bitcoin […]

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