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ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme
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ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme

Australian Securities and Investments Commission (ASIC) has officially banned a former National Representative of BitConnect from providing financial services for seven years.

Bitfinex: Bitaxe Ultra is Pioneering Open-Source Bitcoin Mining Hardware
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Bitfinex: Bitaxe Ultra is Pioneering Open-Source Bitcoin Mining Hardware

Discover the Bitaxe Ultra, an open-source Bitcoin ASIC miner leveraging Bitmain's BM1366 chip for efficient home mining.

Crypto Scams Surge in 2024: ASIC Cracks Down on Fraudulent Schemes
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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 Arms Race Continues Unabated with No End in Sight
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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.

Bit Digital Signs Partnership with BitMine to Host 7,000 ASIC Miners
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Bit Digital Signs Partnership with BitMine to Host 7,000 ASIC Miners

Bit Digital has signed on with BitMine to buy ASIC miners that use oil cooled immersion technology to create a highly efficient environment for heat dissipation, provide superior mining production, and machine longevity.

ASIC Raids Binance Australia as Global Regulatory Hurdles Mount
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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.

Aussie Trading Platform Collapses after User's Damning Complaints
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Aussie Trading Platform Collapses after User's Damning Complaints

MyCryptoWallet, a platform that operates as a trading platform in Australia went bankrupt. A situation that was inevitable as many of the platform’s users started complaining that they were unable to access their funds on the exchange.

Binance Australia Derivatives License Canceled by ASIC
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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.

Hive Digital Technologies Bolsters Global Reach with Swedish Data Center Acquisition
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Hive Digital Technologies Bolsters Global Reach with Swedish Data Center Acquisition

Hive Digital Technologies acquires a data center in Boden, Sweden, enhancing its Bitcoin production and affirming its commitment to green energy and AI.

Block's 5nm Bitcoin Mining Chip Prototype
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Block's 5nm Bitcoin Mining Chip Prototype

Block has completed the prototype design for its 5nm Bitcoin mining chip, with plans to decentralize the supply of mining rigs through open-source technology. The company has purchased a large batch of ASIC chips from Intel to fast-track development of its proprietary 3nm chip.

ASIC Appeals Federal Court Ruling on Finder Wallet's "Earn" Product
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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.

Crypto Miners Allege Chinese Bitcoin Mining Giant Delivered "Defective" Product
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Crypto Miners Allege Chinese Bitcoin Mining Giant Delivered "Defective" Product

Ahead of Bitcoin’s much-awaited halving event on May 12, a group of miners alleged Bitmain’s latest “Antminer” deliveries were defective and led to losses for investors.

Australian regulator sues Finder.com for crypto yield offering
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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.

Binance Trims Employee Benefits and Faces Regulatory Challenges Globally
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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.

Aussie Regulator Halts 3 Crypto Funds Belonging to Holon Investments
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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

Iris Energy to Triple Mining Capacity With Thousands of New Rigs
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Iris Energy to Triple Mining Capacity With Thousands of New Rigs

Iris Energy will triple its crypto mining capacity with 44,000 ASIC machines.

Coronavirus Measures in China Delay Crypto Hardware for MicroBT and Bitmain Customers
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Coronavirus Measures in China Delay Crypto Hardware for MicroBT and Bitmain Customers

The coronavirus is causing mass disruption throughout Asia and has now been declared a ‘global health emergency’ by the World Health Organisation. The Chinese government have taken drastic isolation measures and over 40 million people are effectively on lockdown. Two major crypto hardware manufacturers have been having difficulties servicing clients from their bases in China.

Worldcoin (WLD) World App Reaches 10 Million Users
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Worldcoin (WLD) World App Reaches 10 Million Users

Worldcoin's World App, launched in June 2023, has over 10 million users, promoting universal basic income and sparked interest in alternative wallets within the Worldcoin ecosystem.

Core Scientific to Pay Outstanding Debt with Mining Machines
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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
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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.

Bitmain Business Booming Despite Public Feud Between Co-Founders Jihan Wu and Micree Ketuan Zhan
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Bitmain Business Booming Despite Public Feud Between Co-Founders Jihan Wu and Micree Ketuan Zhan

Bitcoin mining giant Bitmain, continues to grow despite the public feud of its co-founders Jihan Wu and MicreeKetuan Zhan dominating the news over the last year.

Australian Regulator Takes Legal Action Against eToro Over High-Risk and Volatile Trading Products
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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.

Jihan Wu Regains Control Of China Bitcoin Miner Making Giant Bitmain
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Jihan Wu Regains Control Of China Bitcoin Miner Making Giant Bitmain

Jihan Wu has regained his status as legal representative and executive director of Bitmain stripping Micree Zhan of broad controlling powers.

Australia’s Securities Regulator Approves the Launch of Crypto ETFs
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Australia’s Securities Regulator Approves the Launch of Crypto ETFs

Australia Securities and Investments Commission (ASIC) has finally opened the door for crypto ETFs to trade on Australian stock exchanges.

Canaan's Q4 2022 Revenue Declines by 82.1% YoY to $56.8M
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Canaan's Q4 2022 Revenue Declines by 82.1% YoY to $56.8M

Canaan, a Chinese Bitcoin miner and manufacturer of ASIC mining machines, reported an 82.1% YoY revenue decline to $56.8M in Q4 2022. The company's net income swung to a $63.6M loss due to inventory write-downs and research expenses. Despite the decline in revenue, Canaan's mining revenue improved by 368.2% YoY to $10.46M.

Web3 Running App STEPN Launches NFT Sneakers with STEPN
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Web3 Running App STEPN Launches NFT Sneakers with STEPN

Move-to-earn Web3 running app STEPN has partnered with ASICS to release a limited edition of "STEPN x ASICS NFT Sneaker" Mystery Box Collection.

Unregistered Crypto Asset Manager BPS Sued by Aussie Regulator
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Unregistered Crypto Asset Manager BPS Sued by Aussie Regulator

Australia's ASIC has sued BPS Financial Pty Ltd for misleading investors about Qoin Token

Scammers Target Australians in Cryptocurrency Call Center Scheme
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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.

Bitcoin Experiences the Second-Largest Drop in Mining Difficulty in History
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Bitcoin Experiences the Second-Largest Drop in Mining Difficulty in History

The latest Bitcoin mining difficulty adjustment has experienced a major decline of 16%, representing the largest drop since late 2012.

Bitcoin Miners’ Control of BTC Network is Gradually Shrinking
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Bitcoin Miners’ Control of BTC Network is Gradually Shrinking

Coin Metrics, a provider of on-chain and off-chain crypto asset market data, has released a new report showing Bitcoin miners’ control of the BTC network is decreasing.

Liquid Network: The Platform for the Fastest Bitcoin Transactions?
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Liquid Network: The Platform for the Fastest Bitcoin Transactions?

Samson Mow is an entrepreneur and marketing strategist who is currently serving as the Chief Strategy Officer at Blockstream. In Part 2 of the interview, Samson unmasked the power behind Liquid Network, how Liquid transactions work and c-lightning on Liquid. He also shared the latest initiatives of Blockstream and his personal take of Bitcoin in 2020.

Texas Authorities Slap “Bitcoin Pope” and Forex Birds with Cease and Desist Order for Fraudulent Investment Scheme
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Texas Authorities Slap “Bitcoin Pope” and Forex Birds with Cease and Desist Order for Fraudulent Investment Scheme

An emergency cease and desist order has been issued against the “Bitcoin Pope” trader, under allegations of fraudulent cryptocurrency investments.

Trump Handed Digital Future to China by Going After Bitcoin, Bolton's Book Reveals
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Trump Handed Digital Future to China by Going After Bitcoin, Bolton's Book Reveals

President Trump’s opposition to Bitcoin and cryptocurrencies is well documented as is his determination to maintain the US Dollar's global status. According to a passage from ex-national security advisor John Bolton’s book—Trump’s administration has actually handed Bitcoin and Ethereum a huge advantage over other cryptocurrencies.

Matrixport: Jihan Wu's Spin Off Start-up Meeting Demand for Cryptocurrency Services Beyond Bitmain's Mining Ecosystem
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Matrixport: Jihan Wu's Spin Off Start-up Meeting Demand for Cryptocurrency Services Beyond Bitmain's Mining Ecosystem

Cynthia Wu is the Head of Business Development and Sales at Matrixport where she is also focused on building business for Cactus Custody and managing Matrixport’s key investor relations. In this first part of our exclusive interview, Wu shares her insights with Blockchain.News on the state of the Bitcoin mining, the surge in Bitcoin’s Hashrate and the potential impact that the coming Bitcoin halving will have on Bitcoin miners.

Exclusive: Blockchain at the Stage of Tech Convergence
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Exclusive: Blockchain at the Stage of Tech Convergence

How does Deloitte Blockchain Lab envision the future of blockchain? Dr. Paul Sin believed that blockchain is at the stage of technology convergence with IoT, big data and artificial intelligence! He also explained the 3 challenges for enterprises to implement their own blockchain and various blockchain auditing services offered by Deloitte.

What is Tezos?
asic

What is Tezos?

Tezos, a promising new blockchain-based platform for building smart contracts and decentralized applications (dApps).

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