Australia

Facebook will roll back its block on news posts in Australia

Just a few days after blocking Australian publishers and residents from sharing news content, Facebook has reversed the policy. Initially, Facebook claimed “We will now prioritize investments to other countries, as part of our plans to invest in new licensing news programs and experiences.” In an update posted today, the company said: After further discussions, …

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Google will pay News Corp outlets for using their content

Google has signed a three-year agreement to carry content from News Corp publications. In the US, UK and Australia, Google’s News Showcase will now feature stories from The Wall Street Journal, MarketWatch and other outlets. The financial terms of the deal weren’t disclosed, but News Corp described the payments it will receive from Google as …

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Australia’s Blockchain Ecosystem Needs More Support From Regulators, Says Industry Body

Australia’s blockchain and cryptocurrency companies need more support from the federal government and regulators to boost confidence within the country’s business sector, according to Steve Vallas, CEO of advocacy body Blockchain Australia. Speaking at the Senate Select Committee on Financial Technology and Regulatory Technology on Thursday, Vallas said Australia has a blockchain “base” from which …

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Bitcoin’s Rapid Increase Should Compel Crypto Investors to Own Gold, Says Top Miner

<div class=”featured_image_container”> </div> <strong>Sandeep Biswas, chief executive officer of Newcrest Mining, one of the world’s biggest gold miners, has said that the sharp increase in bitcoin prices should compel crypto investors to hold gold as a safe-haven asset.</strong> In a Feb. 11 interview with Bloomberg TV, Biswas criticized bitcoin’s (BTC) volatility while flouting gold’s credentials …

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Australian regulators open to Bitcoin ETF with ‘rules in place’

The Australian Securities and Investments Commission has clarified its position regarding Bitcoin (BTC)-linked exchange-traded funds.  According to a Feb. 12 report by the Australian Financial Review, the commission addressed the subject after previously rejecting a Bitcoin ETF initiative by local company Cosmos Capital. Per the report, Cosmos CEO James Manning claimed that ASIC “have a …

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More Aussies Back Bitcoin, the Underdog

In January this year, the world watched in horror as sky-high fires tore through 44 million hectares of Australian bushland, engulfing property, wildlife and humanity. Then, just as victims were emerging from the ashes, COVID-19 arrived and the local economy went into lockdown. Gross domestic product shrank 7% in the three months through June, unemployment …

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Survey: Almost one in five adult Australians own crypto in 2020

A recently published survey by the cryptocurrency exchange platform Independent Reserve shows nearly 20% of young adults in Australia own virtual currencies in 2020. According to the 2020 edition of the Independent Reserve Cryptocurrency Index (IRCI), Australia’s general crypto sentiment improved significantly compared to 2019. Indeed, figures from the IRCI survey put the 2020 crypto …

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Binance, OKEx Payments Partner Banxa Set to Make Milestone Stock Exchange Listing

Australia-based digital payments infrastructure provider Banxa is set to list on a Canadian stock exchange after being granted approval from local regulators earlier this month. According to a report from the Australian Financial Review’s Street Talk, Banxa’s shares are expected to launch for trading on TSX Venture Exchange on Dec. 25, with a market cap …

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The Australian Senate just voted to kill the $10,000 ‘cash ban’ bill

A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous Senate vote.  One Nation Senator Malcolm Roberts brought the motion to remove the bill today after more than a year of trenchant opposition to it from a cross section of the community, including …

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Australian Crypto Exchange Exposes Personal Data of 270K Users

BTC Markets, one of Australia’s biggest cryptocurrency exchanges, has accidentally exposed users’ personal data, raising the risk of phishing attacks. As reported by Business Insider Australia on Wednesday, the exchange revealed the names and email addresses of over 270,000 users when it sent out mass emails. The error saw names and addresses placed in the …

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