Author: Rachel Lourdesamy

Stablecoin Giant Tether has confirmed more than US$1 billion (AU$1.5 billion) in operating profits in Q1 2025 largely driven by its US Treasury investment, according to its latest financial report, backed by accounting firm BDO. The company’s US Treasury exposure is close to US$120 billion (AU$187.2 billion…

Australia’s financial intelligence unit is warning inactive digital currency exchanges (DCEs) to voluntarily withdraw their registrations or to risk having them cancelled. In a statement issued on Tuesday, The Australian Transaction Reports and Analysis Centre (AUSTRAC) said that a large proportion of the 427 DCEs currently registered no longer appear to be trading…