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Atlassian shares tumble after latest $65 million loss

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Atlassian shares dropped more than seven percent in trading late last week, despite the Australian-based company reporting Q2 results that topped analysts’ estimates and issuing an optimistic forecast. The shares shed nearly five percent on Thursday and a further 2.5 percent  on Friday. The company had reported a dramatically deeper loss of US$65 million for … Read more

Dodgy Bitcoin Operators Face $2m Fines, As Austrac Gets New Powers

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Operators of bitcoin and other digital currency exchanges in Australia must henceforth register with Austrac, Australia’s anti-monetary laundering agency and keep strict records – or face penalties that can reach as high as seven years jail and up to $2.1 million in fines. This follows passage of the new Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill, … Read more