ASIC Financial News

03.05 / 14:53

ASIC Australian Australian Federal Court Rules in Favor of ASIC, Against Unlicensed Qoin Crypto

An Australian Federal Court on Friday, ruled in favor of the Australian Securities and Investments Commission (ASIC) regarding an unlicensed crypto platform that misled customers.

15.07 / 11:54

Provident Man Platform security BitConnect ASIC Courts Australian Court Charges Former Promoter of Crypto Ponzi Scheme BitConnect

The Sydney District Court has convicted the man behind the promotion of the now-defunct crypto exchange platform BitConnect. According to the nation’s corporate regulator, he was accused of providing unlicensed financial advice.

10.04 / 11:09

ASIC Australian Australian Regulator Appeals Loss in Finder’s Crypto Product Verdict

The Australian Securities and Investments Commission (ASIC) is appealing the Federal Court’s dismissal of its case against Finder Wallet’s crypto product, Finder Earn.

14.03 / 10:05

Provident BLOCK security ASIC Justice Courts Australian Australian Court Rules in Favor of Crypto Firm Finder’s Earn Product

An Australian Federal Court on Thursday, dismissed a case filed by ASIC against crypto firm Finder Wallet. The Judgement passed by Justice Markovic stated that Finder’s Earn product was ‘compliant’ and did not provide unlicensed financial services.

09.02 / 22:13

ASIC Financial Australian Australian Federal Court Rules Against Block Earner for Unlicensed Financial Services Conduct

An Australian federal court has determined that fintech company Block Earner engaged in unlicensed financial services conduct by offering its crypto-backed Earner product.

05.01 / 16:17

ASIC Australia’s Security Regulator Faces Scrutiny Over Failure to Warn Citizens of the HyperVerse Crypto Scheme

Australia’s Assistant Treasurer Stephen Jones has expressed the intention to look into reasons why the country’s securities regulator failed to warn citizens of the potential danger posed by the HyperVerse crypto scheme.

24.11 / 14:31

Binance crypto regulation ASIC Warning Australian Australian Regulator Says Cryptos ‘Created Out of Nothing,’ Issues Fresh Warning, Report

The Australian Securities and Investments Commission (ASIC) is reportedly ramping up its surveillance towards the crypto market introducing fresh warnings.

21.09 / 05:37

Kraken ASIC compliance ASIC Initiates Civil Proceedings Against Bit Trade for Alleged Compliance Failures

Australia's regulatory body, the Australian Securities and Investments Commission (ASIC), has initiated legal proceedings against Bit Trade Pty Ltd, the provider of the Kraken cryptocurrency exchange for Australian users, for breaching design and distribution obligations related to its margin trading product.

21.09 / 02:35

business regulation Kraken ASIC Australian Australian regulator sues Kraken provider over margin trading product

The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings against Bit Trade, the provider of the Kraken crypto exchange in Australia, for failing to comply with design and distribution obligations for one of its trading products.

13.09 / 18:31

Mining ASIC Mining Pools Bitcoin This Bitcoin mining project attracts users with new tokenomics and DeFi opportunities

With Bitcoin mining difficulty at an all-time high, is it too late for beginners to start mining the largest cryptocurrency by market cap? The short answer is No — there are specialized services that make the whole mining process look easy.

05.09 / 02:43

business Blockchain Adoption Mining Developers ASIC Bitcoin MICRO NOT 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.

17.08 / 11:01

Blockchain Mining ASIC Mining Pools Bitcoin Bitcoin mining researchers claim new tech ups winning hash chance by 260%

Quantum Blockchain Technologies (QBT) — a research company based in the United Kingdom — has developed artificial intelligence (AI)-powered algorithms that could significantly increase the mining winning probability of certain ASIC Bitcoin (BTC) miners, its CEO Francesco Gardin said in an interview with Cointelegraph.

15.08 / 15:37

Blockchain Mining Blockstream ASIC Mining Pools Bitcoin Perfect storm for undervalued ASICs: Blockstream plans $50M raise to buy miners

Blockchain technology firm Blockstream is looking to raise up to $50 million to purchase and store mining equipment that it perceives to be undervalued on secondary markets.

14.08 / 15:09

Mining ASIC Mining Pools Bitcoin USBTC 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.

03.08 / 00:19

business Court Futures ASIC eToro Financial Australian Australian financial regulator sues eToro over ‘volatile’ trading products

Australia’s financial regulator has sued trading platform eToro over one of the leveraged trading products it offered to retail investors, alleging inappropriate screening tests caused thousands of users to lose money.

10.03 / 04:03

business Mining proof-of-work ASIC Bitcoin 'Bad batch' or flawed design? Compass Mining flags problems with new ASIC miners

Bitcoin mining company Compass Mining claims to have found “three issues” in the ASIC design of the two new Antminer S19 miners, units that are primarily used to mine Bitcoin (BTC).

03.02 / 15:35

business Mining regulation ASIC Bankruptcy Core Scientific to hand over 27K rigs to pay $38M debt

Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used as collateral.

30.01 / 07:07

business regulation FTX ASIC Aussie regulator flagged concerns about FTX months before collapse: Report

Australia’s financial regulator reportedly raised concerns over FTX’s local Australian subsidiary as much as eight months before the exchange met its untimely end in November.

17.10 / 09:07

regulation ASIC compliance Three Aussie crypto funds halted as regulator cites non-compliance

Australia’s chief financial market regulator has placed interim stop orders on three cryptocurrency-related funds set to be offered to retail investors, due to non-compliant target market determinations (TMDs).

12.08 / 08:55

regulation Investments ASIC ASIC chair troubled by sheer amount of ‘risk-taking’ crypto investors

The chief of Australia’s financial services regulator Joe Longo has raised the alarm over the sheer amount of people that invested in “unregulated, volatile” crypto assets during the pandemic.

07.04 / 06:39

regulation ASIC services Commonwealth Bank's plans to expand crypto services to 6.5M delayed by red tape

Financial regulators are standing in the way of expanded crypto services on Commonwealth Bank of Australia’s (CBA) mobile app. In an Australian first, the bank aims to grant all of its 6.5 million users access to cryptocurrency services.

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