ASIC
ASIC is an acronym for “Application Specific Integrated Circuit”. ASICs are silicon chips specifically designed to do a single task. In the case of bitcoin, they are designed to process SHA-256 hashing problems to mine new bitcoins.
Australia Bars Blockchain Global's Ryan Xu Amid Crypto Exchange Probe
Ryan Xu, director of Blockchain Global, is barred from leaving Australia as ASIC investigates the collapse of ACX Exchange. The case highlights increased regulatory scrutiny on crypto firms.
ASIC Arms Race Continues Unabated with No End in Sight
The ongoing depreciation challenge faced by ASIC owners as technological advancements in mining equipment persist, according to CoinShares.
Crypto Scams Surge in 2024: ASIC Cracks Down on Fraudulent Schemes
The rise in crypto scams in 2024 underscores the need for vigilance in the Web3 space, according to the Australian Securities and Investments Commission (ASIC).
ASIC Appeals Federal Court Ruling on Finder Wallet's "Earn" Product
The Australian Securities and Investments Commission (ASIC) has appealed a federal court ruling that found Finder Wallet's "Earn" product compliant with Australian financial laws, raising concerns about consumer protections.
Australian Regulator Takes Legal Action Against eToro Over High-Risk and Volatile Trading Products
The Australian Securities and Investments Commission (ASIC) has filed a case in the Federal Court against the online investing platform eToro Aus Capital Limited about the suitability of eToro's target market for contract for difference (CFD) products.
Binance Trims Employee Benefits and Faces Regulatory Challenges Globally
According to a recent report by The Wall Street Journal, the global cryptocurrency exchange Binance has reduced several benefits for its employees, including reimbursements for mobile phone usage, fitness, and work-from-home expenses.
ASIC Raids Binance Australia as Global Regulatory Hurdles Mount
As reported by Bloomberg, the Australian Securities and Investments Commission (ASIC) executed a search operation at the offices of Binance Australia. This operation is a part of an ongoing inquiry into the crypto giant's now-closed local derivatives business, highlighting the intensifying regulatory scrutiny Binance is encountering.
Binance Australia Derivatives License Canceled by ASIC
ASIC has canceled the financial services license of Binance Australia Derivatives after reviewing Binance's operations in the country. Clients must close their existing derivatives positions before April 21.
Scammers Target Australians in Cryptocurrency Call Center Scheme
An Israeli-run cryptocurrency fraud targets Australians, according to a raid on Eastern European scam call centers.
Iris Energy to Triple Mining Capacity With Thousands of New Rigs
Iris Energy will triple its crypto mining capacity with 44,000 ASIC machines.
Core Scientific to Pay Outstanding Debt with Mining Machines
In a court filing, crypto mining firm Core Scientific stated the equipment were no longer needed for its operations and future plans.
Australia's Government is Bolstering Its Market Regulator's Digital Asset
The new Australian government has devised a "multi-stage strategy" to combat cryptocurrency frauds, safeguard consumers, and increase enforcement.
Australian regulator sues Finder.com for crypto yield offering
Australia's financial services authority is suing Finder.com for selling a bitcoin yield-bearing instrument without a license. Finder disputes ASIC's accusation that a registered exchange product was unlicensed, but it hasn't said whether it would contest the complaint. After Block Earner last November, it's the regulator's second domestic crypto income product supplier. ASIC sued Finder.com for selling three crypto-backed fixed-yield products without an AFS license. The regulator's third action against crypto financial products and businesses in three months. When asked whether it will fight the action, Finder declined to respond.
Unregistered Crypto Asset Manager BPS Sued by Aussie Regulator
Australia's ASIC has sued BPS Financial Pty Ltd for misleading investors about Qoin Token
Aussie Regulator Halts 3 Crypto Funds Belonging to Holon Investments
The Australian regulator, ASIC has issued a stop order, halting three major funds linked to Holon Investments