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Switzer Daily
1. Failed Australian cryptocurrency business owes investors millions
ACX was a new cryptocurrency
platform that grew on the back of bitcoin’s spectacular price surges and the
public interest it has created. ACX failed a year ago owing its 200 customers
$10 million and has copped a life ban from the peak body for cryptocurrency
businesses. As the
AFR described this area of financial speculation,
cryptocurrency is the investment world’s Wild West. If you decide to trust the
players in this very new and unproven market, you’re taking a big risk. You’ve
been warned.
2. Potential extra $15 billion of debt