ASIC – DIGIT INFO

Australia’s ASIC Sues Binance for Misclassifying 505 Retail Investors

December 19, 2024 by DIGIT

Australia’s securities regulator is suing Binance’s local subsidiary for allegedly misclassifying 505 retail investors as wholesale clients. Retail Users Misclassified Australia’s securities regulator is suing Binance’s local subsidiary for allegedly misclassifying 505 retail investors as wholesale clients, thus denying them appropriate consumer protections. In its lawsuit filed in federal court, the Australian Securities and Investments … Read more

Binance Australia faces ASIC lawsuit over consumer protection breaches

December 18, 2024 by DIGIT

The Australian financial services regulator has sued Binance Australia Derivatives for allegedly misclassifying over 500 retail clients, denying key legal protections. Go to Source

Australia fines Kraken operator $5M for regulatory breaches

December 12, 2024 by DIGIT

Kraken Australia operator Bit Trade must pay $5 million plus the cost of court proceedings after the Federal Court sided with the country’s corporate watchdog. Go to Source

Bitcoin Miner Foundry Cuts Jobs, Focuses on Core Business

December 5, 2024 by DIGIT

Foundry, a leading bitcoin mining company, has laid off nearly a third of its workforce as part of a broader restructuring effort. Foundry Spins off AI Arm, Cuts Jobs Bitcoin miner Foundry has laid off nearly a third (27%) of its employees, with more than half of those affected based in the U.S. According to … Read more

Crypto compliance ‘no longer optional’ under Australia’s new draft guidelines

December 4, 2024 by DIGIT

Sweeping proposed changes would force most crypto firms in Australia to obtain financial licensing, which some worry could drive innovators offshore. Go to Source

Publicly traded mining companies spend $3.6B on PP&E so far in 2024

November 28, 2024 by DIGIT

Crypto mining hardware typically has a lifespan between 3-5 years on average and must be periodically upgraded to maintain profitability. Go to Source

Crypto.com to offer equities trading to Australians after acquiring Fintek

November 18, 2024 by DIGIT

After acquiring Fintek Securities, Crypto.com can use the firm’s Australian Financial Services Licence to offer equities, derivatives, and forex trading to users in the country. Go to Source

Australian police’s ‘new powers’ lead to $142.6K crypto seizure

October 31, 2024 by DIGIT

Victoria Police’s first crypto seizure underscores a new legal framework empowering officers to confiscate digital assets via search warrants. Go to Source

Bitmain Rolls out New High-Efficiency Bitcoin Mining Machines, Topping 319 TH/s

October 10, 2024 by DIGIT

Bitcoin mining rig manufacturer Bitmain has just rolled out two new rigs, boasting a hashrate of up to 216 terahash per second (TH/s) for their air-cooled model and 319 TH/s for the hydro-cooled version. Bitmain Releases New Air and Hydro-Cooled Bitcoin Mining Rigs The Chinese application-specific integrated circuit (ASIC) producing giant, Bitmain, has debuted its … Read more

Bitcoin decentralization is a matter of national security — Auradine CEO

October 4, 2024 by DIGIT

According to CryptoQuant, the current Bitcoin network difficulty is 88.4 trillion — down from the 92 trillion recorded on Sept. 20, 2024. Go to Source