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Tag: Consumer Commission

TrueLayer accelerates global expansion with dedicated Australian product and engineering team

TrueLayer, the global open banking platform, today announced two expert technical hires in Australia as part of its continued expansion in the APAC...

Australian Treasury proposes to lower barriers to CDR participation

Rule amendments include changes to reduce barriers to participate in open banking and increase participation in the CDR by data recipients and consumers.Australia’s...

5 Reasons to Sell Your e-Commerce Goods at a Wholesale Price

Most entrepreneurs make the mistake of underestimating the benefits that a wholesale channel can add to their eCommerce business. Or assume that wholesale pricing is best executed by a brick and mortar wholesale businesses. But any eCommerce business, big or small, can sell to both consumers and retailers at a wholesale price. Unlike selling only […]

Australian regulator may authorise media group talks with Google, Facebook

(Reuters) - Australia's competition watchdog said on Thursday it issued draft proposals to authorise regional newspaper industry group, Country Press Australia, to negotiate...

Australia’s Top Regulators Monitor Impact of Stablecoins

The leading six regulators of Australia are analyzing the effect of exclusively-owned stablecoins in the market. Stablecoins are a type of cryptocurrency assets that have their value connected to any traditional asset like fiat currency or gold. Such linkage reduces the chances of volatile trends of rise and fall of their prices, hence the name. …

Robinhood Penalty, Bitcoin Sell-Off, ETH Plunge, G7 Crypto: Editor’s Pick

ICYMI: the biggest news stories of the week

British Man Got Scammed Out Of $282,000 In Latest Crypto Scam

A British man got scammed out of $282,000 in a brutal cryptocurrency scam and at one point, scammers visited his house to collect more money so let’s read more in our latest cryptocurrency news today. The UK Metropolitan Police reported an increase in online investment scams especially after the lockdown started. Crypto scams became a […]

British Man Duped out of $282,000 in Brutal Crypto Scam

At one point, men visited his house to collect more cash.

New Australian Report Shows That Fraudsters Pick Bank Transfer Over Cryptocurrencies

A growing number of Australians have fallen victim of investment scams and fraudulent schemes. However, according to new report, scammers prefer bank transfers to cryptocurrencies. Australians Lose $670 Million to Scammers In 2020 The Australian Competition and Consumer Commission (ACCC) said in its annual Targeting Scams report published Monday that residents of Australia lost $851 […]

FTC Reports Consumers Lost $82 Million To Crypto Scams In 6 Months

FTC reports consumers lost $82 million to crypto scams in half a year as we can read more in our latest cryptocurrency news today. The US Federal Trade Commission or the FTC reports that consumers lost up to $82 million to crypto scams in six months and the rise in crypto scams happened while Bitcoin’s […]

Australian Scammers Earned $20M In Crypto Payments In 2020

Australian scammers earned $20 million in crypto payments in 2020 and victims were often enticed via get-rich-quick investments, fake celebrity endorsements and catfishing so let’s read more in our latest cryptocurrency news today. Bitcoin and other cryptocurrencies were the second most popular payment method for the scammers that targeted the citizens of Australia last year. […]

FTC: Consumers Lost $82 Million to Crypto Scams In 6 Months

According to the U.S. Federal Trade Commission, consumers lost almost $82 million to crypto scams in just six months.

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