#asic

The Australian Securities and Investments Commission (ASIC) filed a lawsuit against Binance Australia Derivatives for failing to provide adequate consumer protections to over 500 clients.

The Australian Securities and Investments Commission (ASIC) won a legal battle against Bit Trade Pty, the local operator of the Kraken exchange. The court found that the company violated regulations by offering margin trading services to Australian clients without the necessary registration since 2021.

Bitmain, the manufacturer of ASIC miners, has rolled out a new protection scheme against market volatility for those buying the S19j XP model. If there's a downturn of more than 20% in the subsequent three months post-purchase, company ensures compensation at $1.89/T. Impressively, this offer is available even to current S19j XP owners. The compensation will be directly credited to the user's account and is usable for any Bitmain product acquisitions.

A bitcoin miner with only 10 terahashes hardware capacity was able to get a new block by himself. The probability of such a jackpot with a similar hash rate is less than 0.00001%! The miner's reward is 6.25 bitcoins per block, which is about $131,000 and many times than the old Asic costs. However, if you feel an uncontrollable urge to run to AliExpress for energy-consuming equipment, remember that this example is a real miracle.

The Australian Securities and Investments Commission (ASIC) is set to significantly tighten regulations on the cryptocurrency market. Under a newly proposed framework, most companies working with digital assets will be required to obtain a financial services license.

Since the start of 2023, the Australian financial regulator (ASIC) has closed over 7,300 fraudulent investment websites and schemes, including 615 cryptocurrency projects. Fake investments continue to be a major issue, with Australians losing over $1.3 billion to such scams in the past year.

Bitmain, a leading global Bitcoin ASIC producer, has announced its latest air-cooled BTC miner, the Antminer T21.

Loans were issued against mining equipment. The creditor has about 68,000 of them, as of today. The company started selling last year. Unfortunately, some loans have already been declared default. The average price of BlockFi's credit ASIC miner is $2,350 and ASIC's current market value is $1,400. The total companies' debt to the industry in similar loans is estimated at $4 billion. Apart from BlockFi, loans were also issued to NYDIG, Celsius Network, Foundry, Babel Finance, and Galaxy Digital.