Australian Bank Publishes Report 'Bitcoin to replace AUD?'
The National Australia Bank (NAB), one of Australia's 'Big Four' banking groups, published a three-page research paper on 19th December titled "Bitcoin to replace AUD?" (Australian dollars). Despite the provocative title, the paper does not suggest replacing the national currency with bitcoin, nor say it could happen in the near future. Rather, it is an explanation of bitcoin and a comparison of the nature of digital currencies with existing sovereign currencies, and how they fit into the current international financial system. Bitcoin could well become a widely accepted medium of....
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A growing number of Australians have fallen victim of investment scams and fraudulent schemes. However, according to new report, scammers prefer bank transfers to cryptocurrencies. Australians Lose $670 Million to Scammers In 2020 The Australian Competition and Consumer Commission (ACCC) said in its annual Targeting Scams report published Monday that residents of Australia lost $851 […]
A party standing in next week’s Australian election wants to hand voting power directly to its members, exercising and trading political power with verifiable transactions on the Bitcoin blockchain. State of Flux: Vote Blockchain. The party, called Flux, is running 13 candidates for the Australian Senate (the parliament’s upper house) in the federal election to be held on July 2nd, 2016. Flux’s ultimate vision is idealistic and ambitious: it seeks to completely replace the representative systems that currently govern the world’s democracies. It wants to give people a direct say on issues....
The constantly growing Bitcoin technology could replace cash in Australia within a decade, believes Professor Rabee Tourky, the Director of Research School of Economics at Australian National University. As per his prediction, the Australian government could one day start minting its own digital currency in this ever-growing digital world. "In 10 years' time there won't be any paper cash," the economist said. "The big question is what's going to replace it in Australia? Will it be Bitcoin? I don't think so. More likely it will be 'AusBit', an Australian government issued digital cash."....
Tether Limited has released an assurance report reviewed by Moore Cayman, an auditor of investment funds and digital assets. The report provides a breakdown of the company’s assets and reserves which Moore Cayman claims are around $62.7 billion as of June 30. Tether Publishes Assurance Report On August 9, 2021, Tether’s chief technology officer tweeted that the company had published the firm’s “latest attestation” and a detailed “breakdown of reserves.” “Guess what? Tether is fully backed,” Tether’s CTO Paolo Ardoino said.....
The Australian Competition and Consumer Commission has filed a lawsuit against Meta, formerly Facebook, for “publishing scam advertisements featuring prominent Australian public figures.” The regulator said, “The essence of our case is that Meta is responsible for these ads that it publishes on its platform.”
Meta Sued for Publishing Cryptocurrency Scam Ads
The Australian Competition & Consumer Commission (ACCC) announced Friday that it has taken legal action against Meta Platforms Inc. (formerly Facebook) and Meta Platforms Ireland Ltd.
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