In a groundbreaking move, Adelaide Oval, the iconic South Australian sporting venue, has introduced cryptocurrency as a payment option for food and beverage purchases. This initiative, a first for a major national stadium in Australia, comes as a result of a collaboration between Crypto.com, the Adelaide Crows Football Club, and fintech software firm DataMesh. The innovative payment solution is timed to launch during the AFL's 2024 Gather Round event, setting the stage for a significant leap in sports event management and fan experience.
A Pilot Program with Future Promises
The crypto payment service debuts at the AFL’s Gather Round event starting on April 4, serving as a pilot program that will extend through the 2024 Toyota AFL Premiership Season. This integration of state-of-the-art payment technology and terminals at Adelaide Oval showcases a significant stride toward modernizing fan experiences at major sporting events.
Incentives to Encourage Adoption
To encourage the uptake of crypto payments, Crypto.com will offer a cashback incentive. The first 1,000 crypto transactions processed during the Gather Round event will each receive an AUD$10 cashback. This initiative, along with additional promotional activities planned for the rest of the season, especially during Adelaide Crows home games, aims to bolster the use of cryptocurrencies among AFL fans.
Karl Mohan, General Manager of Crypto.com’s APAC division, praised the seamless and scalable nature of the implemented payment solution, expressing optimism for similar future integrations.
Expanding Crypto's Footprint in Australia
The adoption of crypto payments at Adelaide Oval marks another milestone in Crypto.com's efforts to embed real-world cryptocurrency transactions across Australia. Following the successful launch of the nation's first in-store crypto payment system in partnership with Datamesh and OTR in 2023, this latest initiative reinforces the growing acceptance and use of digital currencies in everyday transactions.
Despite some skepticism from the Reserve Bank of Australia regarding the exact number of Australians owning crypto, there's an undeniable surge in interest towards cryptocurrencies, including assets like Dogecoin. A survey following the US SEC’s approval of spot Bitcoin ETFs revealed a 25% increase in positive sentiment towards Bitcoin among Australians, indicating a broader acceptance and curiosity towards digital assets.
This pioneering move by Adelaide Oval, supported by strategic partnerships, not only enhances the event-going experience for sports fans but also signifies a substantial shift towards the integration of digital currencies into mainstream commercial activities.
#crypto #Australia

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

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The National Australia Bank (NAB) is making headlines for reportedly closing the account of a loyal customer of 30 years, who is also a Bitcoin holder, without offering any explanation.

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According to a recent report from the Daily Mail, the NAB, which manages a massive $455 billion, sent a letter to its customer, Shane Lucas, who is 49 years old, giving him until October 14th to either close his bank accounts voluntarily or have the bank do it for him.

The intriguing part is that the bank didn’t provide any clear reason for this abrupt account closure. However, this action comes shortly after NAB announced in July that it would be taking a stricter stance on customers using bank services for cryptocurrency transactions. Specifically, they mentioned they would be terminating transactions made to high-risk cryptocurrency exchanges in an attempt to protect clients from potential scams.

When Lucas inquired about whether his Bitcoin holdings were the reason for the account closure, a branch manager allegedly hinted that it “probably” played a role.

Lucas, despite being a long-term NAB customer, doesn’t have an extravagant amount of Bitcoin. He describes himself as an average individual and not a Bitcoin millionaire. He emphasized that he believes in the freedom to purchase what one wants and asserts that he hasn’t engaged in any illegal activities.

It’s worth noting that the Daily Mail, the news outlet reporting this story, has faced criticism for its reliability as a news source. Fact-checking website The Factual has rated the Daily Mail as only 40% reliable.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Bitcoin #CryptoNews #cryptomarket #Australia

A federal police officer from Australia denies allegations of unauthorized confiscation of bitcoins from a hardware wallet at the scene of intervention and their transfer to the Binance cryptocurrency exchange.
The Australian anti-corruption agency (NACC) accused this federal police officer of emptying the Trezor hardware wallet, containing 81.62 bitcoins, at the scene of the incident. To support their claim that the bitcoins were transferred to his ownership, authorities relied on cryptocurrency tracking programs.
Raid Reveals an Empty Wallet
According to recent information, the police discovered the wallet during a drug raid at the accused's house, but waited approximately three weeks for a court order to open it. When it was finally opened, there were no bitcoins inside the wallet, as Federal Detective William Wheatley likely transferred them shortly after the raid.
At the time of the raid in 2019, the wallet was valued at $309,000, but its value now stands at approximately $4.2 million.
Tracking and Disclosure: Significance of Cryptocurrency Software
Detective Sergeant Deon Achtypis from the cybercrime unit stated that authorities initially suspected someone from a criminal syndicate might be responsible for the bitcoin theft.
Suspicion fell on Wheatley after the discovery of the wallet's recovery phrase device, a series of 12 to 24 random words used to regain access in case of wallet loss or theft.
Extensive investigation of IP addresses used to access the stolen bitcoins through cryptocurrency tracking software eventually led Achtypis to Wheatley.
Disclosure and Legal Ramifications
"I judge that a member of the police force may have been involved in cryptocurrency manipulation."
Globally, law enforcement agencies are adopting cryptocurrency tracking software to uncover illegal activities associated with digital currencies.
In August 2023, Canadian law enforcement agencies announced the initiation of using Chainalysis Reactor software to track illegal crypto transactions.
Furthermore, the development of encryption detective software leads to higher success in recovering stolen cryptocurrencies. On January 29, over $674 million was retrospectively recovered from over 600 major cryptocurrency hacks.

Defense of the Accused
Meanwhile, Wheatley maintains his innocence in the accusations of abuse of public office for personal gain, theft, and involvement in criminal activity.
He is determined to face charges related to the stolen bitcoins from the Trezor wallet, which occurred at a time when Trezor reported a security flaw affecting nearly 66,000 users.
On January 1, it was announced that Trezor detected unauthorized access to a third-party support portal on January 17, warning of potential user data compromise for those who communicated with the Trezor support team since December 2021.
 $BTC
#Bitcoin #crime #Australia #BTC
 
 
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“