Reading Time: 2 minOKX Australia announced that they have hired Ex-FTX Country Manager Jamie Kennedy. With many investors still seeking answers from FTX due to an estimated 30,000 Australians that lost up to $80 million to FTX that collapsed in November 2022. The majority of these losses were incurred by retail investors who had invested through FTX.
Reading Time: 2 minNational Australia Bank (NAB) has announced that it will be blocking transfers to cryptocurrency exchanges starting July 18, 2023. The bank cited concerns about the risks associated with cryptocurrency trading, including volatility, fraud, and money laundering. The decision is likely to have a significant impact on the Australian cryptocurrency market, making it more difficult for Australians to buy and sell cryptocurrencies.
Reading Time: 2 minIn recent months, there have been rumors circulating that Justin Sun, the founder of Tron, is secretly the owner of the stablecoin TUSD. These rumors have been fueled by a number of factors, including Sun’s close ties to TUSD’s issuer, Tether, and his history of making controversial statements about the stablecoin.
If the rumors are true, it would be a serious breach of trust. TUSD is a popular stablecoin, and its users would be right to be concerned if it was being manipulated by a single individual.
It is important to wait for more information before making any conclusions about the rumors regarding TUSD and Justin Sun. However, the rumors have raised important questions about the transparency and stability of the stablecoin market.
Reading Time: 2 minBinance Australia, the local arm of the world’s largest cryptocurrency exchange, has suspended deposits of Australian dollars (AUD). The company said the move was necessary due to “unforeseen circumstances.”
Binance Australia did not provide any further details about the circumstances that led to the suspension. However, it is believed that Westpac, one of Australia’s largest banks, has blocked payments to Binance Australia.
Westpac has not confirmed or denied that it has blocked payments to Binance Australia. However, the bank has a history of blocking payments to cryptocurrency exchanges. In 2017, Westpac blocked payments to several cryptocurrency exchanges, including Bitfinex and Kraken.
Reading Time: 4 minAs cryptocurrency exchanges face increasing regulatory scrutiny, some are exiting countries with slow regulation. This could have a negative impact on the cryptocurrency industry, making it more difficult for people to access cryptocurrencies and driving cryptocurrency trading underground. The cryptocurrency industry needs to work with regulators to develop a clear and consistent regulatory framework.
