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Kraken crypto exchange operator Bit Trade must pay $8M penalty
Cryptocurrency 2024-12-12 5:03 pm By Julia Kanapathippillai

The Australian operator of crypto exchange Kraken has been ordered to pay $8 million for failing to comply with design and distribution obligations.

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Fintech Wise loses challenge to ‘Bitwise’ trade mark
Intellectual Property 2024-12-10 10:25 pm By Andy Sidler

UK currency exchange Wise has lost its challenge to a crypto asset management firm’s ‘Bitwise’ trade mark, with IP Australia finding it could not monopolise the word ‘wise’.

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ASIC seeks $20M penalty against Kraken crypto exchange
Cryptocurrency 2024-11-14 11:22 pm By Andy Sidler

In the second test of the new design and distribution obligations under the Corporations Act, ASIC is seeking a $20 million penalty against the provider of the Kraken crypto exchange.

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Filecoin, founder can’t shake developer’s case over cryptocurrency pay
Cryptocurrency 2024-11-07 5:11 pm By Sam Matthews

Crypto company Filecoin Foundation can’t dodge a suit by a developer who says she was fired after complaining that a portion of her wages was paid in Filecoin tokens.

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Boss of crypto exchange Mine Digital charged with $2.2M fraud
Cryptocurrency 2024-10-22 4:01 pm By Christine Caulfield

The CEO of defunct cryptocurrency exchange Mine Digital has faced court charged with fraud linked to a $2.2 million transaction.

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Full Court asked to clarify ‘authorised rep’ in ASIC crypto appeal
Cryptocurrency 2024-10-10 2:48 pm By Sam Matthews

ASIC has appealed a decision in its mostly successful case against the issuer of the Qoin crypto coin, challenging an “important” finding on authorised representatives of AFSL holders. 

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Trial against Blockchain Global deferred to allow CEO to be joined
Cryptocurrency 2024-10-04 4:00 pm By Andy Sidler

A lawsuit by former Blockchain Global employees against the defunct cryptocurrency exchange has been stalled to allow CEO Sam Lee to be joined to the case.

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Appeal bid in crypto class action against Google, Meta falls flat
Cryptocurrency 2024-09-19 11:11 pm By Andy Sidler

A court has refused leave to appeal a permanent stay of a class action run, funded and led by lawyer Andrew Hamilton against Google and Meta that challenged their crypto ad bans.

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Judge strikes out ACCC’s entire claim against Meta over crypto ads
Competition & Consumer Protection 2024-09-06 12:25 pm By Cindy Cameronne

Over objections from the ACCC, a judge has struck out the regulator’s entire case against Meta over scam cryptocurrency ads on Facebook after it clarified that each allegedly misleading ad should be a separate contravention.

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ASIC wins credit facility case against Kraken cryptocurrency exchange
Cryptocurrency 2024-08-23 11:03 pm By Sam Matthews

The corporate regulator has won its case against Bit Trade, the Australian provider of the Kraken crypto exchange, after a judge rejected the company’s argument that its product was not a credit facility. 

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