Australian Border Force Confiscates Drugs and Over $1.5 Million in Crypto

Australian Border Force Confiscates Drugs and Over $1.5 Million in Crypto

Men of the Australian Border Force (ABF) has once again proved their undying commitment to keep the Aussie nation clean. The officers, who act as watchdogs overseeing everything that comes in and goes out via the border, scored yet another one for the good guys by apprehending two supposed drug traffickers in relations to an attempt to smuggle MDMA through the border. Over $1.5 million worth of cryptocurrency was also recovered in relation with the…

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Australian Authorities Seize Cryptocurrency ATM and Arrest Man in Crypto Investigation

Australian Authorities Seize Cryptocurrency ATM and Arrest Man in Crypto Investigation

Australian investigative authorities have arrested a man on charges of unregistered digital transaction of cryptocurrency. The Electronic crime squad of Australia made the arrest on 12th November in Cairnlea, as the 38-year-old man was arrested and escorted from his residence in the district. The investigation also led to a seizure of a cryptocurrency ATM associated with the case. The arrested man was taken into custody where he is currently held. The authorities have been investigating…

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Australian Home Affairs Minister: Cryptocurrency Is Being Used to Fund Terrorism

Australian Home Affairs Minister: Cryptocurrency Is Being Used to Fund Terrorism

Peter Dutton, Home Affairs Minister of Australia, warns the public that cryptocurrency is being used by terrorists who are exploiting it for transactions and funding of their heinous agendas. He further added that sine the transactions of digital currencies are anonymous, it is allowing them to go unnoticed under the radar. As part of a conference speech, Dutton claimed that the secrecy that is offered by such technologies, referring to cryptocurrencies, can benefit terrorist organizations’…

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Australian Authorities Arrested 21-Year-Old for Crypto Fraud and Money Laundering

Australian Authorities Arrested 21-Year-Old for Crypto Fraud and Money Laundering

The Australian Securities and Investments Commission (ASIC) and the Australian Federal Police (AFP) arrested a 21-year-old Melbourne-based woman for her association in a crypto fraud and identity theft operation run by a group of scammers. If found guilty, she will be charged with a wide range of criminal offenses. The fraudsters reportedly created fake identities to steal the funds from retirement accounts and share trading accounts of unsuspecting individuals. The group used digital coins in…

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Australia’s Curtin University Launches Cryptocurrency PhD Scholarship Fund

Australia’s Curtin University Launches Cryptocurrency PhD Scholarship Fund

Curtin University in Australia has introduced a new ‘Cryptocurrency Ph.D. Scholarship Fund’ designed by Curtin data scientists. Through this program, people will be able to donate cryptocurrency to fund Ph.D. students who want to pursue a degree in the fields of crypto blockchain technology, cybersecurity, data analytics etc. This program uses a Web 3.0 payment platform, which will enable real-time payments from donors to the university on both Bitcoin and Ethereum blockchains. The platform has…

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Bitcoin Scammers Taunt Victims on WhatsApp After a Successful Con of $30K

Bitcoin Scammers Taunt Victims on WhatsApp After a Successful Con of $30K

If you’ve ever had the misfortune of being scammed, the first indicator is often the sudden disappearance of the actual scammers. You won’t be able to contact them. You’ll go through a period of denial, thinking that it must be a bad network or a busy day at the office. Then reality settles in and you finally accept the facts. However, the last thing you would expect is to receive a message from your scammers…

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Australian Bankers Fear Facebook Libra Would Endanger Old Conventional Financial Institutions

Australian Bankers Fear Facebook Libra Would Endanger Old Conventional Financial Institutions

According to reports in the Australian media, senior executives from the banking sector in Australia have made cautionary statements about the fact that the attempt made by Facebook to develop its very own virtual currency is a vividly clear threat to all other industries. However, there are other payment experts who doubt that this virtual coin will have any effect on the traditional monetary sector. For the banking business chief of NAB Anthony Healy, Facebook…

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Australian Taxation Office Set to Invade the Crypto Space to Sniff Out Tax Evaders

Australian Taxation Office Set to Invade the Crypto Space to Sniff Out Tax Evaders

Just when it felt like they will enjoy the ‘freedom’ forever, Australia Taxation Office (ATO) recently revealed that it is ready to conduct a thorough raid on the crypto space to sniff out Australians who are evading paying their due taxes. This raid is expected to come down on both those who are consciously evading tax payment and those who unintentionally avoiding it. This action was called for due to little amount of data the…

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Australia’s Labor Party Backs Perth Blockchain Academy with AU$3M Commitment

Australia’s Labor Party Backs Perth Blockchain Academy with AU$3M Commitment

Australian Labor Party has made good on its promise to push blockchain into the forefront, by making a commitment to spend AU$3 million, aimed solely at the creation of Australia’s first Blockchain Academy in Perth. If indeed this would happen, it would inevitably put West Australia at the forefront of the threshold of the tech revolution that has been taking the nation by storm. Perth is the obvious choice for this academy, seeing that it…

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Australia’s Origin Kebabs Enables Crypto Payments; in Talks with Coca-Cola to Boost “Credibility of Cryptocurrency”

Australia’s Origin Kebabs Enables Crypto Payments; in Talks with Coca-Cola to Boost “Credibility of Cryptocurrency”

Origin Kebabs, a popular Australian fast food chain, is now accepting crypto payments for the kebabs in its menu. The firm has also incorporated the Lighting Network for quick and hassle-free payments. With this initiative, Origin Kebabs will enable Aussie kebab-lovers to use Bitcoin and other cryptocurrencies to buy kebabs, falafel, and other authentic menu items. The firm has also partnered with Binance’s partly owned Australian travel firm ‘TravelbyBit. Australia has been one of the…

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