Yesterday
Crypto crash wipes $1.5b off Trump family wealth
Donald Trump and his family have repeatedly spruiked cryptocurrency projects and memecoins, but the crash has hit investors and followers hard
This Month
5 mini-bubbles are already popping. Here’s what to watch next
Investor belief in the artificial intelligence boom and prolonged government stimulus have pushed markets higher, but expectations of rate cuts are now fading.
Binance boss urges crypto investors to keep the faith after price rout
It’s been a turbulent couple of years for the crypto exchange, including jail time for its founder, but the chief executive says compliance is improving.
RBA’s tokenisation efforts find uses in bonds, royalty contracts
Digital Finance Cooperative Research Centre CEO Talis Putnins says that, globally, it “feels like we are hitting a critical mass” in adopting the technology.
Why you must ‘innovate or stagnate’ as the market transforms
Tokenised securities are being embraced by market players from Nasdaq to Westpac and will allow share trades to settle within minutes, not days.
Inside a Russian crypto guru’s Hollywood gambit
How the alleged mastermind of a multimillion-dollar crypto scam teamed up with a globe-trotting influencer and a disgraced Oscar winner as he pushed his latest dubious project.
Inside the crypto underworld enabling ‘unlimited’ crime
From gritty backrooms in Kyiv to gleaming towers in Dubai, a parallel banking system turning crypto into cash is operating in anonymity and ripe for abuse.
Australian wind and solar farms frozen in $700m crypto feud
A long dispute between a Chinese cryptocurrency billionaire and a Dubai fund has ensnared hundreds of millions of dollars in assets on this side of the world.
Retail investors join whales to wipe 11 months of bitcoin gains
Doubts about the likelihood of interest rate cut has intensified the pressure on cryptocurrencies at the same time as ETFs see a big outflow of money.
Bitcoin on the edge of erasing year’s gain as rout deepens
Investors pulled nearly $1.4 billion from funds investing in the token on Friday, the second-largest daily withdrawal since their debut.
Chinese bitcoin fraudster jailed over $9.8b crypto seizure
Zhimin Qian evaded arrest in China after fleeing on a moped to the Myanmar border, before escaping through South-East Asia and Europe using fake passports.
Bitcoin faces big test after flash crash as investors flee ETFs
More than $US2 billion has been pulled from US bitcoin ETFs since October 29 as the scars from last month’s collapse deter traders from buying the dip.
Iren’s lacklustre AI revenue belies plans for billion-dollar growth
The Sydney-based, Nasdaq-listed digital infrastructure company says it will add 120,000 chips to power AI processing but faces scepticism from the market.
Wall Street ‘stops sulking’ and makes overtures to Mamdani
Finance titans like Jamie Dimon, Jane Fraser and Bill Ackman are setting aside their scepticism and offering to help the new socialist New York City mayor.
Bitcoin enters bear market as sentiment hits ‘extreme fear’
Traders remain spooked by the crypto market’s historic liquidation event which has intensified bitcoin’s 20 per cent decline from its record.
UBS chair says this ‘looming systemic risk’ has echoes of GFC
On the same day, investment banking leaders went out of their way to flag a sharemarket pullback and the potential for something much nastier.
Crypto rally lifts Swyftx to $50m profit
The Brisbane-based crypto exchange has cashed in on surging interest in digital currencies to post a 55 per cent increase in after-tax profits.
The ASX banned Animoca. Now it’s worth $9.2b and listing in the US
Once delisted and dismissed in Australia, the firm is set for a Nasdaq debut through a reverse merger, thanks to Donald Trump’s cryptocurrency-friendly thaw.
October
‘I consider myself intelligent, but I fell for this, absolutely’
Lucy King and James Eyers on Australia’s crypto ATM boom, how they are being used for investment scams and why Australia is being targeted.
Crypto ATM operator fined as ban looms for ‘highest-risk’ channel
The operator that made $50,000 in fees from an 85-year-old scam victim was fined by AUSTRAC, but gaps in consumer protection remain.