Aussie – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 01 Sep 2025 07:34:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Aussie – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Webull Brings 240 Cryptocurrencies to Aussie Traders via Coinbase Prime https://earlybirdsinvest.com/webull-brings-240-cryptocurrencies-to-aussie-traders-via-coinbase-prime/ https://earlybirdsinvest.com/webull-brings-240-cryptocurrencies-to-aussie-traders-via-coinbase-prime/#respond Mon, 01 Sep 2025 07:33:59 +0000 https://earlybirdsinvest.com/webull-brings-240-cryptocurrencies-to-aussie-traders-via-coinbase-prime/

Webull has rolled out cryptocurrency trading in Australia, following its recent return to the digital asset market in the United States.

The Australian branch of the trading app allows users to access 240 different crypto assets, according to a press release dated August 27.

This launch is backed by a partnership with Coinbase



$1.37B

Prime, which supports the service with trade execution and custody infrastructure.

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Rob Talevski, CEO of Webull Securities Australia, described the update as part of the company’s goal to give local investors more options. He explained that adding digital assets helps users manage different types of investments all in one place.

The decision to expand in Australia comes two days after Webull restored its crypto services in the US, a market it had left in 2023. At that time, the company was preparing to go public and decided to pause crypto offerings in response to a less favorable regulatory climate under the Biden administration.

CEO Anthony Denier told Bloomberg on August 25 that users had requested the return of crypto trading, and the company is simply responding to what customers expect.

The firm also plans to expand into other parts of the world. In a separate announcement on August 25, Webull said that additional markets would be added soon. Brazil has become one of the first new regions to receive access to crypto trading through the platform.

On August 12, Coinbase relaunched its Stablecoin Bootstrap Fund to grow USDC
USDC


$0.9957

liquidity in DeFi. What is it? Read the full story.

]]> https://earlybirdsinvest.com/webull-brings-240-cryptocurrencies-to-aussie-traders-via-coinbase-prime/feed/ 0 56175 Aussie Senator Slams Bitcoin as a 'Ponzi Scheme', Sparks Backlash https://earlybirdsinvest.com/aussie-senator-slams-bitcoin-as-a-ponzi-scheme-sparks-backlash/ https://earlybirdsinvest.com/aussie-senator-slams-bitcoin-as-a-ponzi-scheme-sparks-backlash/#respond Tue, 27 May 2025 06:43:59 +0000 https://earlybirdsinvest.com/aussie-senator-slams-bitcoin-as-a-ponzi-scheme-sparks-backlash/

Australian Senator Gerard Rennick caused a stir in a May 23 post on X after describing Bitcoin
BTC


$108,313.52

as a “Ponzi scheme”.

He claimed that Bitcoin’s value would keep climbing due to large investors like BlackRock pushing more money into an asset with a fixed supply.

Senator Rennick added, “You can’t eat Bitcoin”, and questioned its usefulness in the real world.

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Currently leading the People First Party, Senator Rennick argued that Bitcoin and its supporters offer little to Australia’s economy. Instead, he said the country should focus on building essential infrastructure like roads, energy systems, and clean water access.

He wrote in a post, “Australia needs real engineers, not financial engineers”.

Senator Rennick’s remarks drew criticism from the crypto community. In a May 24 post on X, the Australian Bitcoin Industry Body (ABIB) called his comments “a deep misunderstanding”.

They warned that public statements like his could lead to poor decisions by lawmakers. ABIB said Australians already use Bitcoin, and the real issue is whether leaders are willing to understand its role in the country’s future.

Senator Rennick, however, questioned why anyone cared about his opinion on Bitcoin in the first place. He wrote in a follow-up post on X, “You’re disappointed about what a politician thinks about Bitcoin? Seriously? Invest as you will”.

A recent proposal to make Bitcoin easier to use has sparked fresh discussion, reviving a long-running debate about its smallest units. What did the crypto community say? Read the full story.

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Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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]]> https://earlybirdsinvest.com/aussie-senator-slams-bitcoin-as-a-ponzi-scheme-sparks-backlash/feed/ 0 38541 Aussie Watchdog Places Crypto ATM Providers ‘On Notice,’ Warns Over Missing AML Checks https://earlybirdsinvest.com/aussie-watchdog-places-crypto-atm-providers-on-notice-warns-over-missing-aml-checks/ https://earlybirdsinvest.com/aussie-watchdog-places-crypto-atm-providers-on-notice-warns-over-missing-aml-checks/#respond Tue, 01 Apr 2025 10:37:04 +0000 https://earlybirdsinvest.com/aussie-watchdog-places-crypto-atm-providers-on-notice-warns-over-missing-aml-checks/

Australia’s financial intelligence agency AUSTRAC, has warned crypto ATM operators on missing anti-money laundering checks and helping criminals launder money.

In a statement released Monday, the AML watchdog highlighted “worrying trends” of suspicious activities and transactions.

The notice arrives months after a panel of experts from AUSTRAC formed an internal taskforce to address AML and terrorism financing issues using crypto ATMs. The taskforce comprises members from the watchdog’s regulatory, enforcement and intelligence areas.

Brendan Thomas, CEO of AUSTRAC, noted that the panel has been busy “engaging with businesses” to understand the risks and address them with compliance.

“It’s identified worrying trends and indicators of suspicious activity, including transactions that may be linked to scams or fraud.”

Australia Hosts Nearly 1,600 Crypto ATMs, Numbers Spiked Since 2019

According to AUSTRAC estimates, there are around 1,600 crypto ATMs in use around the country. “Australia has the highest number of crypto ATMs in the Asia Pacific region,” the statement read.

In 2019, Australia hosted only 23 crypto ATMs nationwide, which spiked to 60 in 2022. Over the past three years, the number of Bitcoin ATMs has “grown rapidly,” it added.

Additionally, crypto exchanges have been regularly installing ATMs, which are used by customers to deposit cash and buy Bitcoin.

“We want to ensure crypto ATM providers have robust practices to minimise the risk that their machines can be used to launder dirty money or to scam and defraud innocent people,” CEO Thomas, noted.

He further noted that AUSTRAC will take action against operators who don’t comply with the law.

AUSTRAC Works Towards Crypto Compliance Push

The AML regulator has already targeted 13 remittance and digital currency exchange providers due to a lack of compliance. Besides, the agency is stated that some have face conviction, protection or charges for serious offences.

Meanwhile, the country’s financial regulator ASIC has taken cautious steps to secure Australia’s growing crypto ecosystem. The agency has helped take down over 5,500 fraudulent investment websites, more than 1,000 phishing links, and 615 crypto scam sites since July 2023.

In a recent move, Australian police knocked down an organized crime syndicate involved in burglaries targeting crypto ATMs and Pokémon collector cards.

The post Aussie Watchdog Places Crypto ATM Providers ‘On Notice,’ Warns Over Missing AML Checks appeared first on Cryptonews.

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