Regional crypto news across Oceania, covering Australia, New Zealand, and Pacific islands; regulation, exchanges, mining, startups, and Web3 adoption.
Iris Energy is underwater on its loans and currently unable to meet monthly payments due to tight mining margins.
Samuel Wan 2 min read 
Vitalik Buterin says ZKPs are necessary for Ethereum, Binance overshadows Huobi in derivatives trading, and more in this edition of CryptoSlate Wrapped Daily.
In the budget papers released on Oct. 25, the Australian government clarified that all cryptocurrency investors will be subject to a crypto gains tax on profits they made through selling or trading through a centralized exchange.
The Australian Securities and Investment Commission stated that the company made misled more than 79,000 individuals and entities issued with Qoin tokens about the token's utility.
ACX made withdrawals from a pool of funds collectively owned by customers and the company to fund business endeavors owned by Blockchain Group.
The regulator has ordered Holon to suspend offering crypto funds services or investment advice to retail investors for the next 21 days.
The pair who received $10.5 million by mistake are charged with theft. After buying houses and cars, among other things, $3 million remains unaccounted for.
The ATOM team announced the reveal of the ATOM 2.0 update to take place on Sept. 26, Cosmos' connection to other chains via Komodo's AtomicDEX integration and much more in this edition of CryptoSlate Wrapped Daily.
The eAUD will be available on a private, permissioned instance of the Ethereum blockchain for testing retail and wholesale use cases.
