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China forbids digital currency fund-raising activity – 5 September 2017

by admin | Sep 5, 2017 | News & Analysis

China has banned fund-raising activities in virtual currencies such as Bitcoin following several major hacks of digital currency exchanges. Several of China’s financial regulatory organisations have released a joint communication addressing the ban. ...

Trial of Former Tesco executives adjourned to September 25th – 4 September 2017

by admin | Sep 4, 2017 | News & Analysis

Three former Tesco executives will face trial at the end of the month after being accused of fraud and false accounting. All three men pleaded not guilty to the accusations at a hearing in August, following an overstatement of Tesco’s profit forecast in 2014. The...

Inside the Bitcoin-fuelled ‘ICO’ bubble – 1 September 2017

by admin | Sep 1, 2017 | News & Analysis

The rise in value of crypto-currencies such as Bitcoin has led to the introduction of a range of rival, imitator currencies across the globe, including in Australia. Companies are now offering ICO’s (initial coin offerings) – essentially the same as an IPO, but with...

Matthew Guy: IBAC won’t investigate lobster dinner with alleged mafia boss – 31 August 2017

by admin | Aug 31, 2017 | News & Analysis

Victoria’s anti-corruption watchdog has claimed it does not have the power to investigate the now infamous ‘lobster dinner’ that Matthew Guy attended earlier this year. Although Guy referred himself to the IBAC, the information provided does not fall within the...

Hackers to compete in Australia’s first defence cyber challenge – 30 August 2017

by admin | Aug 30, 2017 | News & Analysis

Federal Minister for Defence Industry Christopher Pyne officially launched Australia’s first defence industry cyber challenge on Wednesday August 30th. The competition seeks to address the current high demand for cyber security workers in Australia by up-skilling...

Commonwealth Bank facing APRA Probe – 28 August 2017

by admin | Aug 28, 2017 | News & Analysis

APRA Chairman Wayne Byres has announced a public inquiry into CBAs culture, governance and accountability frameworks. The probe follows the recent allegations that Commonwealth Bank had breached a number of anti-money laundering laws. The inquiry will be undertaken by...
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