Bitcoin hardware company BitFury has produced its new 28nm ASIC chip for bitcoin mining.
ASIC alleged that 83% of Binance Australia’s clients were wrongly classified, denying them critical safeguards such as dispute resolution and product disclosure.
The Federal Court of Australia identified Kraken’s compliance system as ‘seriously deficient’ after repeated regulatory breaches.
The blockchain and cryptocurrencies space was the hardest hit in the Australian fintech landscape, decreasing by 14% YoY with 74 active firms as of 2024.
Ex-CEO of Mine Digital could face up to 20 years in prison if found guilty under section 408C of Queensland’s Criminal Code 1899.
For ASIC, this move is a way to ensure that crypto firms stay in line, complying with the established standards for transparency, consumer protection, and anti-money laundering.
At the heart of the case was the question of whether Kraken’s margin trading product qualified as a credit facility under Australian law.
Australia’s ASIC has shut down over 600 crypto scams in 12 months, warning of evolving AI-driven fraud tactics targeting investors.
The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against the country’s leading stock exchange, the ASX, alleging it made “misleading and deceptive” statements regarding its failed blockchain project in 2022.
The Paraguay authorities have received 20 criminal complaints of illegal mining in Hernandarias, increasing the number of illicit operations.
The Sydney District Court rejected Bigatton’s claim that his statements were not financial advice. Despite disclaimers, the court ruled his promotions were unlicensed financial advice.
NGS Crypto, an Australian cryptocurrency company, has officially changed its name to “Hiddup” amid an ongoing investigation and legal action by the Australian Securities and Investments Commission (ASIC).
Monochrome emphasized that IBTC will be the first and only ETF in Australia to hold Bitcoin (BTC) directly.
Paraguay is now pursuing a jail term for illegal miners for up to 10 years, instead of the earlier considered blanket ban on all mining.
ASIC’s legal victory underscores its ongoing efforts to combat illegal crypto activities in Australia, safeguard investor interests, and ensure the integrity of financial markets.
The Australian Securities & Investments Commission (ASIC) has reached a significant legal milestone in a case concerning non-cash crypto payments.