Investing News
Bitcoin Dips Below $19,000 Amid Highest US Inflation Print in 40 Years
Bitcoin briefly dipped below US$19,000 on July 13 following the announcement of a higher than expected Consumer Price Index figure in the US...
Australians Lost Almost $100 Million in 2021 to Crypto Investment Scams
Aussies lost more than A$2 billion to scams in 2021, including losses of A$84 million due to scammers seeking payment with cryptocurrency, a...
FTX Finalises Deal with BlockFi, Option to Buy for Up to $240 Million
Embattled crypto lender BlockFi has signed a deal with FTX US, the American arm of Sam Bankman-Fried’s crypto exchange, which will see FTX...
Brisbane Man’s Crypto Bet Enabled Him to Buy a Home Mortgage-Free
In less than a decade, Brisbane IT specialist Joe Bridge turned a small-time household crypto mining hobby into an A$1.2 million profit that...
Millennials Prefer Crypto Over Investment Funds: Survey
A new survey conducted among young adults aged 25 to 40 in the US by French investment firm Alto reveals that more millennials are investing...
FTX and Morgan Creek Want a Piece of Troubled Crypto Lender ‘BlockFi’
Less than a week after extending a US$250 million line of credit to BlockFi, Bahamian-based exchange FTX is now in talks to acquire a stake ...
Crypto Hedge Fund ‘Three Arrows Capital’ Faces Insolvency Amid Forced Liquidations
The future of Singapore-based crypto venture capital firm Three Arrows Capital (3AC) has been blunted by rumours it faces insolvency after b...
Own a Piece of an Australian Crypto Exchange with Coinstash in its Crowdfunding Round
Fancy owning a piece of a rapidly growing and trusted Australian crypto exchange? Brisbane-based digital asset platform Coinstash is growing...
Why Bill Gates Won’t Invest in Crypto: ‘It Has No Valuable Output’
Bill Gates, co-founder of Microsoft and the world’s fourth-richest man, has told a Reddit AMA (Ask Me Anything) session why he doesn&#...
Crypto Retail Investors Drop to 24% of Volume, Indicator Still Showing ‘Extreme Fear’
Retail investors are deserting the crypto market, with just over three-quarters of Q1 2022 trading volume at Coinbase coming from institutio...
Portugal’s Crypto Tax Haven Status Set to End, 28% Capital Gains Impost Coming Soon
Portugal’s Finance Minister Fernando Medina has confirmed that the southern European nation will begin taxing cryptocurrencies, revers...
Australian Crypto ETFs Fizzle on Debut, Only $2 Million in Volume
This week’s long-awaited launch of the first Australian crypto ETFs went off not with a bang but with a fizzle, as the investment prod...