The Australian Securities and Investments Commission has issued an interim stop order on Sam Lee's Bitcoin Group IPO which intends to float on the Australian Stock Exchange later this year. After considerable delays, the Bitcoin Group lodged its prospectus late last month with the regulator issuing the interim stop order on the 13th of July1. At this time, ASIC provides no information as to why it has issued the interim stop order. ASIC describes a stop order as: Continue reading
The Australian reports(paywalled) (archive) that a Financial Action Task Force meeting scheduled to run June 21st through 26th in Brisbane, Australia will include discussions regarding the possible use of Bitcoin by terrorists with the view that exchanges who turn bitcoin into fiat currency should be required to report transactions it perceives to be suspicious. At discussions held yesterday, the current head of FATF and former Australian public servant Roger Wilkins (archive) also shared concerns regarding the use of cash, saying: Continue reading
The Brisbane Times reports (archive) that an unnamed multinational company located in Brisbane, Australia recently paid a bitcoin ransom totalling AUD $14,000 or approximately USD $10,500 after its computer system was compromised resulting in the theft of what police claim is sensitive data pertaining to the operation of the business. Continue reading
Australian newspaper The Herald Sun reports (archive) that four Australians are among 21 people arrested by a joint Australian and American taskforce aimed at curbing the online purchase of firearms with bitcoin on the dark web. Continue reading
Bloatware publisher Symantec reports (archive) that a variant of Cryptolocker is infecting numerous computers throughout Australia, demanding a ransom of up to AUD $1,000 or USD $790 payable to none other than Los Pollos Hermanos.
The Breaking Bad branded variant, which encrypts common file extensions such as *.gif, *.doc, *.mp3, *.pdf, *.txt. *.zip, *.xls and so on directs victims to email email@example.com for support related enquiries, but at this time that inbox is empty. Continue reading
The Bitcoin ATM seized by Australian police from a Brisbane business back in October has finally been returned. According to local police superintendent Mick Niland the seizure happened under the mere suspicion the machine was being used for other than lawful purposes.
An Australian man who late last month plead guilty to drug trafficking charges in relation to the importation of MDMA, cocaine and amphetamines into Australia was yesterday sentenced to 12 and a half years prison. Continue reading
A 42 year old man who waived his extradition rights and was subsequently extradited from Australia to the United States last November today plead guilty to charges of conspiracy to commit narcotics trafficking and money laundering for his role as a moderator of the Silk Road forum. Continue reading
A second public hearing held by the Australian Senate on the topic of digital currencies began earlier today with the morning session kicked off by none other than Andreas Antonopoulos. Antonopoulos' appearance as an expert witness before the committee is a puzzling choice due to Antonopoulos' history of involvement with numerous scams such as Neo&Bee and the Bitcoin Foundation. Antonopoulos is alleged to have lied to the Australian Senate by claiming that 2 billion unbanked were at Australia's doorstep. Continue reading
Independent Reserve CEO Adam Tepper has died as a result of a motorbike accident in Thailand. Tepper, who is alleged to have not been wearing a helmet at the time of the accident, either struck his head on a street sign early Thursday morning according to the Phuket Gazette1 or slammed into a parked trailer Wednesday night as reported by the mainstream Australian television network 7News. Captain Thada Sodarak of the Chalong Police said: Continue reading