This Month
The 11 wild trades of 2024: Booms, busts and a 2900pc windfall
As the trading year draws to a close, here are the biggest ups and downs, as told by reporters from all corners of world markets.
- Bloomberg News
ASIC’s attempts to clarify crypto rules confuses digital exchanges
Independent Reserve, BTC Markets and Kraken say new guidance and industry calls have not provided any clarity about whether they will need to obtain licences.
- James Eyers
Aussie bitcoin maverick avoids jail time. If he keeps his head down
A UK court gave Craig Wright, who has claimed he invented bitcoin, a one-year jail term for contempt. But his sentence was suspended for two years.
- Hans van Leeuwen
This Australian bitcoin maverick faces jail. But he’s gone AWOL
A UK court ruled Craig Wright was not cryptocurrency inventor Satoshi Nakamoto and told him to stop suing people. He now faces a contempt charge.
- Updated
- Hans van Leeuwen
As meme coins and bitcoin surge, NFTs have been left behind
While bitcoin has surged to fresh highs in the Trump crypto rally, the price recovery of Bored Apes and other NFT art collections has been much less pronounced.
- Tess Bennett
Binance sued over dodgy test that cost investors $13.1m
Binance Australia staff were allegedly incompetent and misclassified hundreds of mum and dad investors as “sophisticated”, exposing them to risky investments.
- Lucas Baird
Bitcoin tipped to hit $US180,000 within months
Bulls are defying calls for a pullback after Donald Trump reaffirmed his plan to create a strategic reserve, which analysts believe could trigger another rally.
- Alex Gluyas
Bitcoin has ‘no role’ in retirement portfolios: Vanguard
The asset manager has blasted bitcoin as having “no appropriate role” in long-term investment portfolios, but the peak superannuation body says more funds will inevitably follow AMP into cryptocurrency.
- Lucy Dean
This big super fund just became the first to buy into crypto
AMP says the $27 million it is investing in bitcoin is part of its diversification strategy. Critics say the asset class has no place in retirement portfolios.
- Michelle Bowes
Bitcoin has broken through $US100,000. Now what?
This week on The Fin podcast, James Eyers on why Donald Trump is a crypto bro, whether prices will stay at record levels and how regulators are catching up.
Mark Carnegie, HongShan back $US100m crypto neobank
HongShan Capital Group and Peak XV Partners have led KAST’s $US10 million seed funding round.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Opinion
How to keep up with mainstream meme coin mania
The explosive rise of social media has already shifted the workings of politics and democracy. We are now seeing how it can move asset prices in digital assets.
- Gillian Tett
Meet the Australian fundies making a motza from the return of Trump
Bitcoin at $US100,000, stockmarkets setting records as tech and banking soars. These local investors are grabbing every opportunity to make big returns.
- Joshua Peach
Bitcoin smashes through $US100,000 as traders eye ‘huge re-rating’
Investors believe the change in attitude towards cryptocurrencies still hasn’t been priced in, making Thursday’s milestone just the beginning.
- Updated
- Alex Gluyas
- Analysis
- Bitcoin
Bitcoin has hit $US100,000. Do we still care?
The cryptocurrency has burst through a historic milestone. But the bulls aren’t bragging, and the bears aren’t finger wagging. So what’s changed?
- Jonathan Shapiro
Squirrels, pigmy hippos: Crypto’s boom has gone too far
Memecoin tokens based on online viral moments outpaced bitcoin over the past month, but critics say they reflect market froth.
- Updated
- Nikou Asgari
ASIC moves to expand its oversight of crypto and digital assets
The corporate regulator’s new guidance outlines more than a dozen examples of how it intends to assess what is in – and out – of financial services laws.
- James Eyers
- Opinion
- Letters to the Editor
Social media ban critics overlook mental suffering
Readers’ letters on what critics of the age limit fail to consider, the case for not tinkering with the RBA, why South Australia is still the nation’s renewables trailblazer, and a lesson from Greek mythology for crypto investors.
- Opinion
- Opinion
Why the crypto hype is more dangerous than you think
Overconfidence since the election victory of Donald Trump could tee the sector up for its next collapse.
- Jemima Kelly
November
A bitcoin convention in Sydney rings crypto alarm bells
Bitcoin is up almost 130 per cent this year and the US election result put a rocket under crypto. But there are still plenty of ways to lose money in an (unregulated) bull market.
- James Eyers