Regulators admit playing vast game of whack-a-mole
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Asic’s crypto site crackdown, Sydney Metro extension opens, Larry Emdur’s golden moment | The Guardian

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19/08/2024

Asic’s crypto site crackdown, Sydney Metro extension opens, Larry Emdur’s golden moment

Paul Gallagher
 

Good morning. Asic bosses have admitted that cracking down on scam websites can be a vast game of internet whack-a-mole. The regulator took down an average of 20 sites each day in the first year of its operation to target fake cryptocurrency schemes and sham online trading platforms.

The US secretary of state, Anthony Blinken, has landed in Tel Aviv for 11th-hour talks with Israeli officials amid struggles to get a Gaza ceasefire deal over the line.

Meanwhile, commuters are onboard for today’s cross-harbour opening of the Sydney Metro’s multibillion-dollar extension. And the Australian rider Kaden Groves has sprinted to victory in stage two of the Vuelta a España.

Australia

Larry Emdur celebrates after winning the Gold Logie for most popular personality on Australian television

Logie awards | TheMorning Show presenter Larry Emdur has reflected on once being “television’s most axed man” after winning the Gold Logie at the Logie awards on Sunday night.

All aboard! | Tens of thousands of commuters are expected to ride on the Sydney Metro’s city extension this morning as the first new train line running underneath the city centre in more than four decades opens.

Online scam sites | More than 7,300 websites have been taken down in the first year of operation of Asic’s service targeting investment scams, the regulator has revealed.

Gambling levy | An Australia Institute proposal suggests that a 2% levy on gambling companies’ revenue would compensate media companies for the loss of $240m in advertising spend.

New South Wales | The NSW Liberal party says it will be left with “no other option” than to take legal action if it isn’t given more time to nominate all its council candidates.

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World

Smoke rises from an Israeli strike on a residential building in Nuseirat, central Gaza

Middle East crisis | Anthony Blinken has arrived in Tel Aviv for 11th-hour talks on Gaza ceasefire deal; fighting has intensified between Israel and Hezbollah despite a diplomatic drive; 18 members of the same family were killed in an Israeli strike on Gaza.

US politics | A senior Republican has warned that Donald Trump is in danger of losing the US election if he continues personal attacks on Kamala Harris instead of focusing on policy.

Russia-Ukraine war | More than 150 Russian soldiers have been captured on some days of the Kursk incursion, a Ukrainian official says; Ukraine’s forces have blown a hole in a second bridge in Kursk.

Higher learning | Imran Khan, the imprisoned former prime minister of Pakistan, is aiming to become Oxford’s next chancellor when the university’s graduates and staff vote later this year.

Migrant hero | Abdullah, a Pakistani-born man living in the UK, has talked about leaping to the defence of an 11-year-old Australian girl and her mother when they were attacked in London’s Leicester Square.

Full Story

The artwork for the podcast series showing Amber Haigh holding her baby

Who cared? The disappearance of Amber Haigh – part 8

All the evidence in the trial of Robert and Anne Geeves for the murder of Amber Haigh has now been heard. Guardian Australia reporter Ben Doherty tells Bridie Jabour about the final week in the NSW supreme court, each side’s closing submissions – and what happens next.

The Guardian Podcasts

In-depth

Jim Chalmers carrying papers into parliament

The door to a tech tax is clearly ajar. It’s not clear whether this late into its first term the Albanese government can join up all the complex pieces of work required to make it happen. But patch-up jobs and sweetheart deals for some traditional media have reached the end of their useful lifespan. If we have decided journalism is worth paying for, writes Paul Karp, then governments should do it across the board.

Not the news

A crowd of people in suits seen from above, with one woman in a pink jack looking up and smiling at the camera

Have you ever wondered about the unspoken moments in your life that can provide more information than a thousand words? In the latest of our The modern mind series, in which experts discuss mental health issues they are seeing in their work, the Melbourne psychologist Sara Mussa shares why dismissing the loudness of modern life is the key to regaining the stillness of the present.

The world of sport

Kaden Groves with his arms outstretched at the front of a peloton of cyclists

Cycling | Australia’s Kaden Groves has won the second stage of the Vuelta a España; Kasia Niewiadoma wins the Tour de France Femmes by just four seconds in a thrilling final climb battle on Alpe D’Huez.

Rugby union | TheWallabies remain well off the pace amid hopes a playmaker can unlock the attack, Angus Fontaine writes.

AFL | The banged-up Blues have found a new way to win to salvage their spluttering season, Jonathan Horn writes.

Football | In the Premier League, Manchester City have eased past Chelsea 0-2, and Brentford have edged Crystal Palace 2-1, despite Ivan Toney’s absence.

Media roundup

There are fears pristine sites such as Mataranka Springs are at risk of drying up as the NT government hands out new water licences to developers in search for the next boom crop, ABC News reports. Grassroots Labor members have issued a please-explain to Victoria’s treasurer over the mooted privatisation of the state’s births, deaths and marriages registry, the Age reports. Research estimates that by 2028, nearly a quarter of music creators’ revenues will be at risk due to generative AI, the Sydney Morning Herald reports.

What’s happening today

Queensland | The inquest into what appeared to be an ambush of police by three extremist Christian conspiracy theorists at Wieambilla continues.

NSW | A public hearing on the impact of the state regulatory framework for cannabis will be held in Sydney.

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