Australian Regulator ASIC Takes Legal Action Against Kraken’s Bit Trade for Alleged Non-Compliance
The Australian Securities and Investments Commission (ASIC) has initiated legal action against Bit Trade, the provider of the Kraken cryptocurrency exchange in Australia, for alleged non-compliance with design and distribution obligations (DDO) for one of its trading products. ASIC claims that Bi ...
Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans
Australian fintech firm Block Earner is charging ahead with plans to launch a crypto-backed loans product, despite staring down an upcoming court date with the financial regulator for allegedly offering financial products without a license. The new crypto loan product allows Australia ...
Micro $3 Bitcoin miners won’t make bank, but that’s not the point: Inventors
While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue.Micro Bitcoin mining devices — often open-source and pocket-sized — have been serving a niche part of the mar ...
TeraWulf increases self-mined BTC in Q2, while Hut8 looks to USBTC merger
Bitcoin (BTC) mining firm TeraWulf has seen a drastic increase in BTC rewards since increasing its mining capacity in the first half of 2023.According to the company’s latest quarterly filing with the United States Securities and Exchange Commission, TeraWulf mined a total of 1,441 BT ...
Australian financial regulator sues eToro over ‘volatile’ trading products
Australia’s financial regulator has sued eToro over its contract for difference (CFD) product, alleging the trading platform used insufficient screening tests when offering the leveraged derivative contracts to retail investors.The Australian Securities and Investments Commission (A ...
Binance Australia Faces Restrictions on PayID Deposits and Withdrawals
Binance Australia stopped working with banks via PayID. In addition, the continent's largest bank, Westpac, banned its customers from making deposits on the cryptocurrency exchange. The exchange said today that deposits via PayID a ...
BIT Mining Unveils Latest LD4 ASIC for Dogecoin and Litecoin Mining
It's an LD4 Series ASIC It has an energy efficiency of 0.73 W/MH And a maximum performance of 5GH/s Mining giant BIT Mining unveils its new version of Dogecoin and Litecoin mining hardware. It's called LD4. BIT Mining previously launched several LD ...
ASIC Revokes License of Oztures Trading, Binance Australia Derivatives Brand
The Australian Securities and Investments Commission (ASIC) has taken action against Oztures Trading, a provider of cryptocurrency derivatives under the Binance Australia Derivatives brand, by revoking its financial services license. Following an audit by ASIC experts to ensure compliance with lo ...
Compass Mining warns of critical design change in Bitmain S19 ASIC hashboards
Compass Mining has recently issued a warning to the mining community regarding the updated Antminer S19 series devices. According to the company's official blog post, Bitmain, the mining equipment manufacturer, has made some changes to the design of the Bitmain S19 ASIC hashboard, which may sever ...