National Australia Bank (NAB) recently announced that it has prevented over A$270 million ($184 million) in customer payments due to concerns about potential scams. While these efforts to combat scams are commendable, there are concerns about the impact these restrictions may have on the growth of the cryptocurrency industry in Australia. This article explores the
Exchanges
Binance, one of the world’s largest cryptocurrency exchanges, has made a significant move in strengthening its regulatory compliance efforts. The exchange recently announced the appointment of Eleanor Hughes as its new general counsel. With her extensive experience and past successes, Hughes is tasked with leading Binance’s global regulatory initiatives in an ever-evolving industry. Hughes first
Ark Invest Management, a prominent investment firm, recently made headlines when it sold 135,152 shares of Coinbase, amounting to $12 million. This move is noteworthy considering Coinbase’s positive price performance, reaching a one-year high of $90 on July 11. Moreover, Coinbase has outperformed Bitcoin in the last 30 days, with a growth rate of over
