1 / 3 Relevant items tagged with #Asic

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

[Oct 31 11:46 AM] Victoria Police’s first crypto seizure underscores a new legal framework empowering officers to confiscate digital assets via search warrants.

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

[Oct 10 5:30 PM] 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 decentralization is a matter of national security — Auradine CEO

[Oct 4 8:18 PM] According to CryptoQuant, the current Bitcoin network difficulty is 88.4 trillion — down from the 92 trillion recorded on Sept. 20, 2024.

A Fire Alarm Interrupted an Aussie Crypto Summit. The Symbolism Wasn't Missed by a Concerned Industry

[Sep 25 10:12 AM] Australia's crypto industry is concerned companies will move offshore after the nation's securities regulator set off "the crypto fire alarm."

Australia to require crypto firms to hold financial services licenses

[Sep 23 7:03 AM] Licensing requirements for crypto exchanges in Australia will be extended beyond those related to digital currency exchanges.

Hut 8 and BITMAIN To Launch Next-Generation ASIC Bitcoin Miner with Liquid-to-Chip Cooling

[Sep 19 8:26 PM] Hut 8 Corp. (Nasdaq | TSX: HUT), a leading Bitcoin mining company, has expanded its partnership with BITMAIN Technologies Ltd., the world’s largest producer of Bitcoin mining servers, to launch the U3S21EXPH, a next-generation ASIC miner. This…

Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation

[Sep 10 2:30 AM] The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia…

Kraken Crypto Exchange Fined by Australian Court

[Aug 24 11:20 AM] The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination…

Satoshi vs physics: How quantum Bitcoin miners could make ASIC obsolete

[Aug 23 5:28 PM] Quantum rigs might pose a bigger threat to blockchains than quantum decryption.

Australia's Securities Regulator Wins Case Against Kraken's Local Operator

[Aug 23 6:45 AM] The Federal Court of Australia ruled on Friday that cryptocurrency exchange Kraken's operator in Australia, Bit Trade Pty Ltd, "contravened" with a section of the nation's Corporations Act.

Australian regulator claims win over Kraken’s Bit Trade in federal court 

[Aug 23 6:18 AM] A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws. 

615 Crypto Scam Sites Dismantled by Australian Regulator

[Aug 22 11:20 AM] The Australian Securities and Investments Commission (ASIC) has shut down more than 7,300 phishing and investment scam websites, including 615 targeting cryptocurrency. The regulator noted that collaboration with other agencies and advanced…

Australian Securities Regulator Nabbed More Than 600 Crypto Investment Scams in a Year

[Aug 19 3:55 PM] The cypro scams amounted to about 9% of the total fake investment platforms taken down in the first year of its investment scam disruption program.

Bitcoin Miner Bitdeer Unveils $150M Convertible Notes Offering With 8.5% Yield

[Aug 17 7:30 PM] Bitdeer Technologies Group has set the stage for a $150 million convertible notes offering, featuring an annual interest rate of 8.5%. The deal is scheduled to wrap up on Aug. 20, 2024. This move aligns with a broader trend in the bitcoin mining…

Australia's Securities Regulator Sues ASX for Misleading Statements About Blockchain Project

[Aug 14 7:15 AM] Australia's Securities and Investment Commission (ASIC) has sued Australia’s largest market operator, ASX Limited, for allegedly making misleading statements about how its blockchain project was progressing to replace its aged Clearing House…

ASX sued over prior statements about its now-abandoned blockchain project

[Aug 14 4:31 AM] The Australian Securities and Investments Commission has sued the stock exchange for alleged “misleading statements” it made over its abandoned blockchain upgrade plan.

Coinbase Concerned About 'Ongoing Regulation by Enforcement' in Australia, Despite 'Healthy' Regulator Talks

[Jul 31 12:04 PM] Coinbase (COIN) is concerned about “ongoing regulation through enforcement” which is not “helpful to the overall direction of the industry” in Australia ahead of expected draft legislation, senior executives of the cryptocurrency exchange told…

Australian Court Convicts Bitconnect Promoter for Providing Unlicensed Advice

[Jul 15 11:30 PM] John Bigatton, the Australian promoter of Bitconnect, has been convicted by the Sydney District Court for providing unlicensed financial advice, violating section 911B(1) of the Corporations Act 2001, the Australian Securities and Investments…

BitConnect promoter banned for 5 years by Sydney District Court

[Jul 15 1:47 AM] John Bigatton has been convicted for unlicensed financial advice, impacting the credibility of Australia’s financial sector.

Core Scientific Partners With Block to Receive 15 EH/s in New Bitcoin Mining ASICs

[Jul 12 2:30 AM] Core Scientific, a large U.S.-based bitcoin mining and hosting provider, and Block, a leading financial services firm, have partnered in a project to integrate the first 3nm bitcoin mining chips produced by the latter. Core Scientific will receive…

Block and Core Scientific Partner to Help Decentralize Bitcoin Mining with New ASIC Chips

[Jul 10 12:00 PM] Today, Block, Inc. (NYSE: SQ) and Core Scientific (Nasdaq: CORZ) have announced a new partnership focused on further decentralizing mining hardware. This collaboration introduces Block's advanced 3 nanometer (3nm) mining ASICs, created by their…

LAPD Investigates $579,000 Bitcoin ASIC Miner Theft, Suspect Released

[Jul 2 8:30 AM] According to the Los Angeles Police Department (LAPD), a 26-year-old man was arrested and charged with stealing $579,000 worth of application-specific integrated circuit (ASIC) bitcoin miners. Local reports confirmed that the man has been released…

Marathon Digital mines $16M in Kaspa to diversify from Bitcoin

[Jun 26 6:39 PM] Marathon is looking to “capitalize on higher margins” possible with Kaspa mining — but one executive stressed the firm is in no way “pivoting” from its main focus, Bitcoin.

Australian Regulator Appeals Court Decision Exempting Block Earner From Penalty

[Jun 19 10:33 PM] Australian Securities and Investments Commission (ASIC) stated on Tuesday that it had appealed the federal court’s decision to relieve Web3 Ventures Pty Ltd., trading as Block Earner, from liability to pay a penalty for offering unlicensed…

Bitmain’s New S21 Bitcoin Mining Rigs Debut With up to 473 TH/s of Hashpower

[Jun 18 7:35 AM] At the World Digital Mining Summit in Las Vegas, Bitmain, a leading manufacturer of application-specific integrated circuit (ASIC) bitcoin mining rigs, introduced two new mining machines. Both models—one air-cooled and one hydro-cooled—boast an…

Australia's Treasury to Include Stablecoin Rules in Crypto Bill Draft, ASIC's Warning For Crypto Entities

[Jun 13 5:06 AM] Australia's regulators have provided rare updates on their plans for the digital assets sector, including plans to introduce a draft framework for stablecoins and hinted that more enforcement is on its way against unlicensed entities during an…

Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer

[Jun 6 9:15 AM] Bitdeer Technologies Group announced its acquisition of Desiweminer, a noted player in the crypto ASIC design landscape. The agreement, finalized on June 3, 2024, involves the exchange of 20 million Bitdeer shares and introduces stringent transfer…

Bitcoin Miner Bitdeer to Buy ASIC Chip Designer Desiweminer for $140M in All-Stock Deal

[Jun 6 6:27 AM] Bitdeer received an investment worth $150 million from stablecoin company Tether at the end of last month.

Australian Regulator Scolded Over 'Misleading' Release, Must Pay Costs as Block Earner Avoids Penalty

[Jun 4 3:17 AM] Block Earner doesn't need to pay a penalty because it acted honestly in seeking to engage with government over regulation of crypto-related products and services.

Block Earner spared penalty in regulator’s crypto yield suit

[Jun 3 11:33 PM] The Australian federal court relieved Block Earner from paying a penalty after an Australian regulator’s legal action over unlicensed crypto yield-bearing products.