crypto

Concerned by collapses of crypto platforms both here and abroad, the government has put forward a plan to bring digital asset platforms into the Australian Financial Services Licensing system.

Clanz COO Stuart Burnicle believes Australia will see wider crypto adoption, despite running well behind many other countries in crypto-asset regulation.

The race to tokenize is on, with Australia joining Switzerland, the US and Japan in embracing the technology.

With Bitcoin’s mainstream acceptance and Australia’s push to form a framework around cryptocurrency, it raises the question as to whether professional investors should allocate a portion of their portfolio towards cryptocurrency. According to a research report commissioned by London-based crypto hedge fund Nickel Digital Asset Management, 15 per cent of institutional investors and wealth managers…

Volatile week ends at records, Star withdraws offer, Silverlake swimming The ASX 200 (ASX: XJO) managed to deliver another positive week, despite finishing just 0.1% higher on Friday.  The benchmark added 0.6% over the week, pushed higher by a recovery in the healthcare sector, which added 4.7% behind CSL Limited (ASX: CSL) being 5.7% higher despite any real news….

The wave of institutional adoption of cryptocurrency assets has been on the rise since the start of 2021. Leading banks and financial institutions have started to offer services in digital assets to the public. Several hedge fund billionaires including Ray Dalio and Stanley Druckenmiller have unveiled their crypto positions. Although the number of prominent names…

There are a plethora of reasons for advisers to dismiss Bitcoin and other crypto assets as a worthy holding in clients’ investment portfolios. For one, they’re for the most part unregulated. To say they’re volatile is an understatement. Let’s not forget the serious fraud and theft concerns that accompany it. But crypto is here to…

All Ords hit pre-pandemic high, ASX200 up 0.6%, Vocus (ASX:VOC) in play again The ASX200 (ASX:XJO) finished the week the same way it finished, adding 0.6% on Monday supported by a broad-based rally covering most sectors. Materials and discretionary retailers were the biggest beneficiaries of the risk-on mood, with BHP (ASX:BHP) and Wesfarmers Ltd (ASX:WES) finishing 2.4% and 1.0% higher respectively….