Tag: asic

Nov 23 2022

ASIC Seeks Civil Penalty from Block Earner for Unlicensed Crypto Offerings

Australian financial market regulator continues its crackdown against illegal cryptocurrency offerings, with its latest civil penalty proceedings against Web3 Ventures Pty Ltd, operating under its tradename Block Earner.

The Australian Securities and Investments Commission (ASIC) alleged that the fintech company provided unlicensed financial...

Nov 17 2022

No Blockchain for Aussie Stock Market, RBA Is "Very Dissapointed"

The Australian Securities Exchange (ASX) cancelled its plans to replace the current Clearing House Electronic Subregister System (CHESS) with a blockchain...

Nov 16 2022

FTX’s Bahamas Unit Applies for Bankruptcy Protection in the US

FTX Digital Markets, the Bahamas subsidiary of troubled cryptocurrency exchange, FTX, has applied for Chapter 15 bankruptcy protection in the United States.

The unit is seeking protection from creditors in the US, a court filing registered late Tuesday at the Southern District of New York, shows. This is even as another court filing processed the day...

ASIC Suspends FTX’s AFS License

The Australian Securities and Investments Commission (ASIC) has suspended the license of FTX Australia Pty Ltd, the local subsidiary of troubled cryptocurrency exchange FTX.com, until 15 May 2023. The move came as the entity was placed under voluntary...

Nov 08 2022

ASIC Shows How to Spot a Cryptocurrency Scam

The Australian Securities and Exchange Commission (ASIC) published a list of the top ten potential cryptocurrency scam signs on Tuesday. The action is a part of the current Scams Awareness Week 2022 organized by the Australian Competition & Consumer Commission...

Nov 03 2022

ASIC Heralds 12 'Enforcement Priorities' for 2023, including Crypto

The Australian Securities and Exchange Commission (ASIC) published a list of Enforcement Priorities for 2023 on Thursday. It includes enforcement actions on...

Oct 25 2022

ASIC sues BPS Financial over crypto token promotion

Oct 25 2022 Published at Coinscreed under tags  asic bps financial news qoin token

The Australian Securities and Investments Commission (ASIC) is suing BPS Financial Pty Ltd for allegedly making false and misleading promotions for its Qoin crypto token. The Australian Securities and Investments Commission (ASIC) declared on October 25 that BPS Financial had been subject to civil penalty proceedings for making "false, misleading, or deceptive claims" to its […] The post...

ASIC Sues BPS for Misleading Promotion of Qoin Tokens

The Australian Securities and Exchange Commission (ASIC) has sued BPS Financial, seeking civil penalties for allegedly making false representations involving Qoin, a crypto asset token, when marketing.

The company further alleged to have engaged in unlicensed conduct to a non-cash payment facility for the cryptocurrency.

BPS established the Qoin Facility in January 2020 as a non-cash payment facility. It included Qoin tokens, a...

Oct 18 2022

ASIC Warns against Cryptcurrency Scam Appasiccoin.org

On Tuesday, the Australian Securities & Investments Commission (ASIC) issued a warning, alerting investors about appasiccoin.org website, which is using cryptocurrencies to potentially scam retail traders. Despite claims the regulator endorses its activities, it does not possess an Australian financial services (AFS) authorization.


Bitcoin Down Under: Aussie Regulator Issues Block Order Against Holon’s Crypto Funds

Oct 18 2022 Published at Bitcoinist.com under tags  asic australia bitcoin btc cryptocurrency

Bitcoin and other related crypto products being offered by this Australian asset management company is now on hold. The Holon Investments Australia Limited has received cease-and-desist orders from the Australian Securities and Investments Commission. The three investment products that monitor Bitcoin (BTC), Ethereum (ETH), and Filecoin (FIL) are the focal point of the stop orders. Although the government is crypto investor-friendly to some...

Oct 17 2022

Australian regulator stops three crypto funds due to non-compliance

Oct 17 2022 Published at Coinscreed under tags  asic australia cryptocurrencies crypto fund

Due to "non-compliant" target market decisions, three crypto funds have received temporary stop orders from Australia's market regulator. Due to non- compliant target market determinations, Australia's primary financial market regulator has issued temporary stop orders on three crypto funds that were going to be made available to retail investors (TMDs). The Australian Securities and Investments Commission […] The post...

ASIC Temporarily Halts Holon’s Cryptocurrency Funds

On Monday, the Australian Securities and Exchange Commission (ASIC) issued an interim stop order against Holon Investments Australia Limited, preventing the firm from offering or distributing three cryptocurrency funds to retail investors.

The funds are Holon

Sep 12 2022

Hive Blockchain To Mine Other Crypto Assets After Merge

Sep 12 2022 Published at Bitcoinist.com under tags  asic blockchain crypto news hive

The HIVE blockchain announced that it had increased its revenue per megawatt by four times. This record revealed that its generated income exceeds that of Bitcoin mining. HIVE blockchain, a cryptocurrency miner, is currently looking to replace ETH mining with other digital assets. This is slated to occur after the completion of the upcoming Ethereum Merge. The mining company is assessing the available...

Aug 15 2022

Australian Regulators Raise Concern Over Investment In Unregulated Crypto Assets

The number of cryptocurrency investors is drastically increasing. It could have been positive action, but considering the look of the digital market, it is rather alarming. The report from Australia's financial services regulator cited that the increase became notable in the heat of the global pandemic. To this effect, Joe Longo has expressed his worries about the action of the investors. Longo is...

Aug 11 2022

Zero Hash to Become a Digital Currency Exchange Provider in Australia

Zero Hash Holdings, a digital asset services firm that enables neo-banks, broker-dealers and payment groups to offer digital asset offerings, has successfully registered to be a Digital Currency Exchange provider (DCE) in Australia.

The registration was granted by the Australian Transaction Reports and Analysis Center (AUSTRAC), the Australian government financial...

Aug 01 2022

Experts Still Think Bitcoin Mining Is Profitable, What Does That Mean?

Aug 01 2022 Published at Bitcoinist.com under tags  asic bitcoin bitcoin mining btcusdt

The dramatic bearish movement of digital tokens has brought doubts to the minds of several crypto and Bitcoin investors and traders about the market. As a result, some traders and investors are still skeptical about selling off or holding their digital assets. Moreover, there have been different challenges for crypto investors throughout this year. A notable instance is a massive crash in profits....

Jun 28 2022

Luxor Technologies Releases New Hosted Bitcoin Mining Marketplace

Luxor’s new marketplace allows those looking to mine bitcoin to find hosting facilities and ASICs by delivering industry knowledge about each provider.Luxor Technologies has launched a new hosting marketplace for bitcoin mining.The trading desk will give users access to pertinent information about providers including energy sources and fees.Luxor customers can utilize the marketplace...

Jun 16 2022

Bitcoin Miner Mawson Infrastructure Produced 185 Bitcoin In Record-Breaking May

The bitcoin mining company increased its ASIC fleet by 4,000 machines, driving up its hash rate and delivering a record-breaking revenue of $3.8 million.Bitcoin mining company Mawson Infrastructure Group had a record breaking month in May, producing 185 BTC worth about $3.8 million. Production levels showed an 8% month-over-month increase with a yearly increase of 362%. The company...

May 22 2022

List of top 15 crypto mining companies

Mining of cryptocurrencies helps to add crypto to the market, some of the top 15 crypto mining companies who are in the business of mining crypto using algorithms and specific equipment have been provided in this article. Crypto mining is the process of adding new crytocurrencies to the market and is an important part of […]

May 18 2022

Jack Dorsey’s Block Wants To Create Economic Empowerment With Bitcoin

Among Block’s initiatives to further the Bitcoin ecosystem shared in its 2022 Investor Day is the development of an open-source bitcoin mining ASIC chip.Block’s overarching purpose is to drive economic empowerment in the world and Bitcoin plays a central role in that mission, its chief executives said during the firm’s first Investor Day since 2017 on Wednesday.“We believe Bitcoin is going...

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