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By early 2025, Russia’s Bitcoin mining capacity had topped 11 GW, but only around 3 GW was reportedly used by legal miners. Bitcoin (BTC) mining sector in Russia grew in 2024 as the number of mining farms rose 7% to…
BTC
Bitcoin
News
Bitcoin miner manufacturer Canaan has introduced the Avalon Mini 3 and Nano 3S, rigs that mine crypto while also doubling as home heaters. Canaan, a tech company known for its ASIC chip design and development, is taking another shot at…
BTC
Bitcoin
News
Binance’s Australian arm comes under fire from Australian regulators that accuse the crypto exchange of falsely categorizing local clients as wholesale clients, exposing them to risky crypto assets. According to a press release published on Dec. 18, the Australian Securities…
News
Kraken’s Australian entity, Bit Trade, is facing a multi-million fine for failing to comply with rules requiring a target market determination for its margin extension product. The Australian operator of the Kraken crypto exchange, Bit Trade, has been fined AUD…
BTC
Bitcoin
News
Hut 8 has announced an upgrade to its ASIC fleet with the purchase of 31,145 Antminer S21+ units at $15 per terahash. North American cryptocurrency mining giant Hut 8 has unveiled plans to upgrade its ASIC fleet with the purchase…
News
Bitdeer Technologies Group has tested its SEAL02 chip, reaching an efficiency target in Bitcoin mining. Bitdeer Technologies Group announced on Sept. 26 the successful testing of its latest (BTC) mining chip, SEAL02, via a press release. The chip achieved a…
News
Following Bitcoin’s April halving, which cut miners’ rewards, many mining models saw “significant drawdowns” in pricing, according to Hashrate Index. The ASIC market is undergoing significant changes as mining rigs are trying to adapt to a post-halving environment, with Bitcoin’s…
BTC
Bitcoin
News
Australian court convicts John Bigatton, BitConnect promoter, of providing unlicensed financial advice between 2017 and 2018. Aussie John Louis Anthony Bigatton, the national promoter of the BitConnect Ponzi scheme, has been convicted by the Sydney District Court of providing unlicensed…
News
Australia’s securities regulator has issued a cautionary statement to investors ahead of the launch of Bitcoin ETFs on the Australian Stock Exchange (ASX). A spokesperson from the Australian Securities and Investments Commission (ASIC) has warned of the risks involved with…
BTC
Bitcoin
News
Australia’s securities regulator has marked its first court victory, setting a precedent regarding a non-cash payment facility involving crypto. The Australian Securities & Investments Commission (ASIC) has set a legal precedent in the local crypto market after the Federal Court…
News
The Australian Securities & Investments Commission (ASIC) has secured an interim travel prohibition against a former Blockchain Global director. In a press release on Feb. 28, ASIC said it has obtained interim travel restraint orders against Liang Guo, a former…
News
Australia’s minister to interrogate the country’s financial regulatory body, questioning why it did not caution consumers about a $1.3 billion crypto scam linked to Australia. In an interview with The Guardian, Australia’s minister for financial services and assistant treasurer Stephen…
News
The Australian treasury has released a consultation paper proposing a new regulatory framework for cryptocurrency exchanges. The new legal framework will require cryptocurrency companies to apply for a financial services license. The primary purpose of the new regulatory framework will…
News
ASIC, Australia’s financial watchdog, has announced a new four-year plan prioritizing consumer protection against digital scams, including cryptocurrency-related frauds.
News
Crypto fintech Helio Lending will face a non-conviction bond after falsely claiming it held an Australian credit license. On Aug. 17, the Australian Securities and Investments Commission (ASIC) stated in a press release that crypto fintech Helio Lending would face…
News
The Australian financial regulator ASIC is suing the financial platform eToro due to the use of a high-risk leveraged derivative contract product, known as a CFD. ASIC started the legal proceeding against eToro. It alleges that the company breached design…
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