Crypto
Crypto platforms a ‘getaway’ for half of scam proceeds
Mr Pegley said the “funds are eventually channelled to organised crime organisations and facilitate their activities such as dealing in guns, drugs, and other crimes.”
The AFCX was created in 2015 so banks, financial institutions and law enforcement agencies could share information to prevent scams and financial crime. Its members include the big four banks, other lenders, Optus and the Department of Home Affairs.
Australian Banking Association chief executive Anna Bligh said the data showed that an alarming amount of scammed money was being laundered through cryptocurrency platforms, meaning funds were “virtually impossible to recover”.
“As well as stopping scams from reaching our phones, emails and social media, more needs to be done to ensure cryptocurrency is not used as the getaway vehicle for scam money stolen from Australians.
“To protect customers, several banks have responded by imposing limitations on transfers to these exchanges,” Ms Bligh said.
Commonwealth Bank, ANZ, National Australia Bank, Westpac and Bendigo & Adelaide Bank have all taken steps to limit transactions to “high-risk” crypto exchanges in recent months.
Although they have not publicly identified which exchanges were blocked, many have stopped transfers to Binance – the world’s largest exchange in terms of daily trading volume – as local and international regulators circle it.
In the US, the Securities and Exchange Commission has launched a lawsuit that alleges Binance and chief executive Changpeng Zhao “wilfully evaded” laws and ran an illegal exchange. The Australian Securities and Investments Commission also cancelled Binance’s local derivatives licence in April.
Blockchain Australia said that, while it appreciated that the banks were looking to protect consumers, a collaborative approach was needed to stop fraudulent activity. It is conducting a survey on the digital currency industry about the toll of de-banking on jobs and the sector.
“The protection of consumers is paramount, both in protection from scams and not burdening consumers with undue restrictions in who they choose to do business with, which must be evidence-based to ensure they bring genuine benefits without undue costs,” Blockchain Australia said.
The measures include additional verifications for first-time transfers, digital credit cards with security codes that change daily and additional detection technology.
Although banks and law enforcement agencies have investigated investment scams and made several arrests, the scale of financial crime has not subsided.
CBA last week said it had spent $750 million on scam detection while a rise customer losses from scams was a contributor to a $150 million in increased operating costs over the financial year.
The use of crypto exchanges to move stolen proceeds beyond the grasp of victims and law enforcement agencies has been apparent in the prevalent bond scams.
The Australian Financial Review first reported on the scam in January 2021 after a fake prospectus was circulated to prospective investors claiming to be from IFM Investors.
Since then, dozens of reputable investment firms have been cloned by scammers who have solicited funds from victims whose details were gathered by operating fake investment comparison websites.
The scammers either encouraged victims to deposit money into an account operated by a wholesale payment authorised deposit-taking institution that transacted payments on behalf of a crypto exchange.
But victims and their legal advisers have been left frustrated by blind spots in the financial system that have allowed their funds to be siphoned into crypto exchanges before vanishing.
They discovered that the responsibility to perform identity checks was passed around and authorised institutions would only conduct checks on their business customers and not the individual.
The exchanges in turn were also duped by scammers. In some instances, victims were asked to provide identity verification documentation such as images of their passport and a utility bill so scammers could open accounts at crypto exchanges in the victim’s name. In other instances, scammers told victims not to trust the exchanges when they sought to verify information.

Crypto
Quid Miner Launches Global Cloud Mining Mobile App to Help Cryptocurrency Investors Generate Daily Income

Newbury, Berkshire, UK, June 27, 2025 (GLOBE NEWSWIRE) — As the blockchain ecosystem becomes more and more complete, the cryptocurrency market is gradually integrated into the global financial system, but market fluctuations are still frequent. Coupled with the factors of intensified geopolitical tensions, in this uncertain background, a question worthy of attention has begun to become particularly urgent:
“Besides holding onto my coins and waiting for the price to go up, how else can I use these assets more robustly?
British cloud mining platform Quid Miner has launched a new solution, dedicated to helping crypto asset holders move from “static coin holding” to “continuous appreciation”. Through the Quid Miner intelligent cloud mining service platform, let digital assets truly start to “work for you every day”. Convert idle assets into productive assets. Let crypto assets truly realize their effectiveness.
Activate your crypto assets with computing power contracts
Many crypto investors choose to hold their coins and wait for prices to rise, but the frequent market fluctuations often catch people off guard. Quid Miner provides a smarter and more proactive method: through secure cloud mining contracts, you can convert your holdings of mainstream currencies such as LTC, XRP, ETH, DOGE, etc. into daily stable income. Truly realize the efficient use of assets.
This model does not involve complex trading operations, and there is no need to worry about “buying at a high point”. Digital assets directly participate in the operation of cloud mining machines through contracts, and the platform manages technology, energy consumption and maintenance in a unified manner. Users only need to wait for daily income to be automatically settled.
Multi-currency support:
including mainstream currencies such as DOGE, BTC, ETH, SOL, BCH, XRP, USDC, LTC, USDT (TRC20 / ERC20), and you can switch currencies and configure mining strategies at any time.
Diversified contracts: meet the mining strategies of different users:
Classic contracts (1-7 days): suitable for novices to try, short cycle, experience the complete process.
Flexible contracts (12-30 days): balance income and cycle, suitable for users who want stable accumulation.
Advanced contracts (36-50 days): suitable for long-term coin holders, get higher computing power configuration and better income
Safe and compliant, simple operation:
Relying on the dual protection of McAfee® and Cloudflare®, it operates legally and compliantly, and supports access by users around the world. All fee structures are fully transparent, with no hidden fees.
Zero hardware investment, green energy mining:
Both the mobile version and the web version can be operated, no equipment or technical foundation is required. , one-click to start cloud mining. 100% renewable energy is used to achieve both environmental protection and efficiency
What is cloud mining?
Cloud mining is a method of mining cryptocurrencies such as Bitcoin by renting remote cloud computing power. Users only need to purchase contracts through legal investment to mine. The platform can run computing power mining for users in the cloud, which is simple and convenient, allowing more users around the world to participate directly and earn stable passive income every day.
How to start your mining journey with QuidMiner
⦁ Visit the official website: https://quidminer.com/
⦁ Create your account via email. New users can receive a $15 computing power reward
Flexible configuration according to personal budget, different contracts have different computing power, amount and cycle, and the income will also vary.
Please click to download the official mobile app to check your mining progress and income anytime, anywhere.
Quid Company Platform Overview
Quid Miner was founded in the UK in 2010. It strictly abides by international regulatory standards and provides services to more than 8 million users in more than 180 countries/regions around the world. Users do not need to bear the risk of drastic market fluctuations. They only need to choose the right mining contract investment to enjoy stable passive income. Whether you are a novice investor or an experienced trader, the mining solution provided by Quid Miner is becoming another path to seek steady progress in an uncertain market.
Summary:
In the turbulent cryptocurrency market, Quid Miner provides a more robust new path under the reality of “holding coins = losing money”: by choosing a safe cloud mining contract, you can continue to generate cash flow from encrypted digital assets such as XRP, BTC, DOGE and ETH. No technology or market prediction is required to open a new channel for daily income. Whether you are a long-term holder of XRP or a diversified cryptocurrency holder, Quid Miner can provide you with a practical way to unlock the profit potential of your portfolio.

For more details, please visit the official website of the platform: https://quidminer.com
Official platform email: info@quidminer.org
Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.
Name: Quid Miner
Email: info@quidminer.org
Crypto
Neo Pepe Leads the Charge: Why Shiba Inu, Dogecoin, and Pepe Coin Enthusiasts Are Backing 2025’s Hottest Crypto Presale – Branded Spotlight Bitcoin News

Crypto
Cryptocurrency News Live Updates: Bitcoin, Ethereum prices today; memecoin, other token updates

Several cryptocurrencies have experienced significant losses over the past week. Here’s a summary of the top losers:
MerlinStarter (MSTAR): Price is at $0.001935, with a circulating supply of 603,312,500. MSTAR has seen a 7-day decrease of -54.33%. Its market cap is $1,172,535.24, with a 24-hour volume of $582,463.92.
Polyhedra Network (ZKJ): Currently priced at $0.2209, ZKJ has a circulating supply of 292,861,111. It has decreased by -37.3% over the last 7 days. Its market cap is $63,922,251.97, with a 24-hour volume of $38,608,983.31.
Elderglade (ELDE): Trading at $0.01706, with a circulating supply of 84,000,000. ELDE has fallen by -34.83% in the last 7 days. Its market cap is $1,428,301.8, with a 24-hour volume of $6,033,508.27.
Self Chain (SLF): Priced at $0.0835, SLF has a circulating supply of 167,000,000. The cryptocurrency has dropped -34.8% over the past 7 days. Its market cap is $13,908,033.85, and its 24-hour volume is $6,878,055.22.
Bombie (BOMB): BOMB is priced at $0.000972, with a circulating supply of 9,000,000,000. The token has seen a -32.95% decrease in the last 7 days. Market cap stands at $8,849,717.79, accompanied by a 24-hour volume of $6,810,986.77.
AltLayer (ALT): Currently at $0.02626, with a circulating supply of 3,755,148,021.85. ALT has decreased by -32.55% over the last 7 days. Market cap is $98,644,804.69 and 24-hour volume is $24,463,959.34.
AVAIL Network (AVAIL): Trading at $0.02132, AVAIL has a circulating supply of 2,166,895,012. It shows a -29.57% change over the last 7 days. Its market cap is $46,236,581.05, and its 24-hour volume is $13,772,011.42.
Velar (VELAR): Priced at $0.003955. VELAR shows a -28.76% change over the last 7 days. Its market cap is $0, and its 24-hour volume is $191,064.28.
Subsquid (SQD): Currently at $0.15106, with a circulating supply of 586,317,237.5. SQD has decreased by -27.75% over the last 7 days. Market cap is $85,073,648.57 and 24-hour volume is $28,498,252.59.
Assisterr AI (ASRR): Trading at $0.1519, ASRR has a circulating supply of 14,620,000. It shows a -27.35% change over the last 7 days. Its market cap is $2,208,102.59, and its 24-hour volume is $2,173,768.32.
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