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This Month

Bitcoin and other cryptocurrencies have had a difficult six months.

Watch out, the ATO knows about your crypto investments

The tax office knows if you have cryptocurrencies. Here’s how you’ll be taxed on your dogecoin if you actually make a capital gain this financial year.

  • Lucy Dean
RBNZ governor Adrian Orr raised interest rates to 2.5pc.

RBNZ leads the way, lifting rates to 2.5pc

New Zealand’s central bank delivered its third consecutive half a percentage point rate rise, and signalled it will continue to tighten policy “at pace”.

  • Updated
  • Alex Gluyas
In 2016, in less than four hours, the hackers stole almost 120,000 bitcoins, more than half the holdings of what was then one of the world’s largest cryptocurrencies.

How this New York couple allegedly stole nearly $12b in bitcoin

How a TikTok influencer and an Elijah Wood-lookalike pulled off the heist of the year - and how it all unravelled.

  • Zeke Faux
The Investment Association said it was vital policymakers, regulators and industry participants should work together to “drive forward innovation without delay”.

UK fund managers lobby for approval of blockchain-traded funds

Blockchain-traded funds, also known as tokenised or on-chain funds, could be rolled out as early as the end of the second quarter of 2023.

  • Chris Flood
Cryptocurrencies will be put to the market test when ETFs are developed for trading.

Cryptocurrencies are not the new monetary system we need. So what is?

The crypto crash (and preceding bubble) shows that bitcoin, ether and the rest are objects of speculation rather than stores of value.

  • Martin Wolf
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Another factor that will work against the Australian dollar is the recalibration of Reserve Bank interest rate expectations.

Australian dollar caught between duelling forces

The median forecaster in The Australian Financial Review’s quarterly survey expects the currency to appreciate to US72¢ by the end of this year and US74¢ by June 2023.

  • Vesna Poljak
The economic environment is the most uncertain as I have ever seen it.

If this looks like an inflation panic, it is

The cat’s out of the bag. A worst-case scenario has unfolded, and central bankers are scrambling for policy reversals that will forever taint their credibility.

  • Vimal Gor

June

A cryptocurrency ATM in San Francisco. Investors have a choice of local and international exchanges while buying crypto.

Singapore vows to be ‘unrelentingly hard’ on crypto

The city-state’s fintech policy chief questioned the value of private digital currencies and said a state-backed alternative could be launched within years.

  • Oliver Telling
Traditional and crypto-specialist firms have applied to launch bitcoin ETFs.

Bitcoin sinks again as bears get a short fund to bet on new declines

Bitcoin resumed a fall on Wednesday, moving in tandem with stocks. Bears who reckon the meltdown isn’t done yet are getting a new tool to bet on the declines.

  • Joanna Ossinger and Katie Greifeld
Cryptocurrencies such as Bitcoin are unlikely to ever replace government-backed money because of “fundamental flaws”, the BIS has found.

South Korea bans crypto firm staff from leaving country

The ban suggests prosecutors are stepping up their investigation into the TerraUSD stablecoin’s collapse.

  • Sangmi Cha
“We’re not fooling around, and we take risk management extremely seriously.“: Tether chief technology officer Paolo Ardoino.

The coin that could wreck crypto

As cryptocurrencies have plunged, attention has focused on a potential point of vulnerability: the market’s reliance on a so-called stablecoin called Tether.

  • David Yaffe-Bellany
The battered Australian dollar could lose more ground as investors rush to the safety of the US dollar.

Australian dollar tipped to struggle as growth concerns bite

The Australian dollar may remain under pressure on fears that central banks’ aggressive tightening to rein in inflation will tip the world into recession.

  • Cecile Lefort
Computer rigs at cryptocurrency mining farm in Russia.

What the energy crisis means for bitcoin miners

Miners are throwing all available processing power to make more new coins and maximise cash flows.

  • The Lex
Bitcoin has been on a steep slide since its highs of November last year.

Bitcoin slumps below $US20,000 in record-breaking rout

The cryptocurrency tumbled up to 5 per cent to $US17,599 on Saturday, marking a record-breaking 12th consecutive daily decline.

  • David Pan and Joanna Ossinger
Coinbase announced plans to lay off nearly a fifth of its workforce.

Crypto exchanges slash jobs as market turmoil triggers downturn

The pullback mirrors a broader decline across global financial markets but has been more severe in the most speculative asset classes at a time when central banks are backing away from stimulus.

  • Scott Chipolina, Joshua Oliver and Madison Darbyshire
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Coinbase to cut almost a fifth of staff as crypto crunch worsens

The Nasdaq-listed exchange said it would cut 1100 employees as it grappled with a slowdown in trading that has forced it to abandon its growth plans.

  • Scott Chipolina
Traditional and crypto-specialist firms have applied to launch bitcoin ETFs.

Hedge fund unveils AI strategy to temper crypto swings

New offerings aim to entice institutional investors to cryptocurrency investments against the backdrop of sharp declines in the value of popular digital tokens.

  • Updated
  • Richard Henderson
RBA governor Philip Lowe stunned with a supersized increase to the cash rate on Tuesday.

Investors prepare for further tightening after surprise rate increase

Government bond yields flew higher and equities sold off heavily on Tuesday after the Reserve Bank surprised investors with the largest cash rate rise in more than two decades.

  • Cecile Lefort
Eric Adams: “People who look at bitcoin and say, ‘OK, it’s dropped’. Well, what stocks have not dropped?”

Slumping cryptocurrency prices undercut pay cheque trend

Celebrities and other public figures flaunted their plans to receive pay in crypto. But the value of leading coins has plummeted this year, leaving those payments worth less in dollar terms.

  • Madison Darbyshire, Joshua Chaffin and Joshua Oliver

Rocky markets mask a super cycle in the US dollar

By one measure, the greenback’s rally has eclipsed the level achieved at the height of the dotcom bubble two decades ago.

  • Tamar Hamlyn