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    Cryptocurrencies

    Yesterday

    Bitcoin’s latest slump has again raised question marks.

    Launch of ASX’s first bitcoin ETF sparks price war

    The launch on Thursday morning has drawn a strong response from competitors operating on a rival exchange.

    • Updated
    • Joshua Peach

    This Month

    Michael Egorov first purchased Verona, which is next door to Avon Court, for $18.25 million.

    Hack wipes $140m from Melbourne mansion-owning crypto king

    Michael Egorov, who spent $59 million purchasing two mansions in Hawthorn, said I “don’t really live in Australia”. His curve token plunged last week.

    • Tom Richardson
    The first bitcoin EFT on the ASX will list on Thursday.

    ASX bitcoin ETF launch opens gates to wider cryptocurrency industry

    The markets watchdog has told investors to “only put in what they are prepared to lose” after Australia’s main exchange operator opened the door to bitcoin.

    • Updated
    • Joshua Peach
    NAB Ventures has taken an equity stake in Zodia Custody, which manages crypto storage for institutional investors.

    NAB clarifies crypto strategy with investment in Zodia Custody

    NAB Ventures joins Standard Chartered and Northern Trust on the register of London-based Zodia, revealing NAB’s crypto play may involve custody services.

    • James Eyers

    NSW budget winners; Bitcoin ETFs arrive in Oz; 15 ASX stock picks

    Read everything that’s happened in the news so far today.

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    Robert Waugh and Drew Bradford left NAB to create Ubiquity, a new AUD stablecoin.

    NAB kills its stablecoin, bankers decamp to form Ubiquity

    The bank canned its digital Australian dollar, known as the AUDN, so Rob Waugh and Drew Bradford left to set up their own product, to be called Ubiquity.

    • James Eyers
    The RBA has not concluded whether an eAUD will become a reality in Australia.

    Bitcoin on the ASX opens investors to a world of pumpers and spruikers

    But Binance’s regional boss Vishal Sacheendran is making a surprise call – in an interview, he says there needs to be more regulation, not less.

    • Anthony Macdonald
    Arian Neiron, the managing director of VanEck Australia

    ASX greenlights first bitcoin ETF in landmark listing

    VanEck’s bitcoin ETF is expected to list next week, marking the first direct exposure to the emerging asset class on Australia’s primary exchange.

    • Joshua Peach
    BePay was first registered with the corporate regulator in 2021, and operates both a crypto-exchange and wallet primarily for its Barteos coin.

    BPay wants ‘misleading’ crypto exchange to be taken down

    The payments giant is pushing to take down a little-known cryptocurrency exchange that it says has infringed on its trademarks and misled consumers.

    • Lucas Baird
    Cryptocurrencies will be put to the market test when ETFs are developed for trading.

    Why cryptocurrencies are surging again

    Crypto enthusiasts believe bitcoin could soon eclipse its previous record high of close to $US74,000 amid growing cheer about interest rate cuts and hopes of looser regulations.

    • Karen Maley

    May

    More than half of the debutants on the 2024 Rich List are already billionaires.

    More than half the 11 new Rich Listers are already billionaires

    Two cryptocurrency giants, an under-the-radar mattress mogul, a former mechanic and an ex-NRL player are among 17 new and returning faces on this year’s Rich List.

    • Yolanda Redrup and Michael Bailey
    Ether jumped 14 per cent overnight on ETF hopes.

    Hopes of ether ETF revived after flurry of SEC filings

    The digital token surged about 23 per cent this week and was trading at around $US3780 in Asian trading on Wednesday.

    • Isabelle Lee, Sidhartha Shukla and Emily Graffeo
    Ether jumped 14 per cent overnight on ETF hopes.

    Crypto lifted by ether’s biggest jump since 2022 on ETF hope

    Social media is alive with speculation that the US regulator may be warming to the idea of an ether exchange-traded fund.

    • David Pan, Olga Kharif and Isabelle Lee
    Craig Wright, the UK-based, Australian-born tech entrepreneur who claims to be bitcoin inventor Satoshi Nakamoto.

    Technobabbling liar: Judge tears strips off Aussie’s bitcoin claims

    A UK judge had already ruled that computer scientist Craig Wright was not bitcoin inventor Satoshi Nakamoto. But in an excoriating full judgment, he let rip.

    • Hans van Leeuwen
    Furious about dismissal: Damien Glanville, former CEO of LPE.

    Chapman fields calls for in-play Queensland electricity provider LPE

    The embattled Sunshine Coast-based business has called in Chapman Capital Partners and King & Wood Mallesons to mount a defence.

    • Sarah Thompson, Kanika Sood and Emma Rapaport
    Advertisement
    “The 13F releases show that the growth of bitcoin ETFs can’t just be attributed to retail traders buying in brokerage accounts,” said Stephane Ouellette, chief executive officer of FRNT Financial.

    Millennium, Point72 and Elliott are among bitcoin ETF buyers

    No matter the reason, and there could be several, Wall Street is clearly dipping its toes into the world’s largest digital asset.

    • Isabelle Lee
    A Russian hacker has been named as being responsible for the Medicare Private hack.

    Deepfake images lure investors to bogus stock clubs

    The ASX is among the latest to be exploited in frauds costing investors at least $25 million a week. Here’s how to spot a scam:

    • Updated
    • Duncan Hughes
    Exchange-traded funds continue to be popular with investors seeking a cheap way to diversify their portfolios.

    Australian ETF winners had returns as high as 153pc

    US megacap tech stocks and cryptocurrencies proved profitable investments in the last year, according to the latest top-performing ETF data – alongside some other surprise standouts.

    • Joshua Peach
    More than 450 Australians invested about $US41 million ($62 million) in products offered by NGS Crypto.

    Crypto miner spruiked 16pc returns for five years without a licence

    A Gold Coast cryptocurrency miner was authorised to provide financial services for less than seven months despite operating for six years.

    • Max Mason
    Sam Bankman-Fried, co-founder of FTX, which collapsed in November 2022.

    Most FTX customers to get all their money back after catastrophic collapse

    The collapsed cryptocurrency exchange says it will be able to pay off most of its investors - but the soaring price of bitcoin means they still lose.

    • Michelle Chapman