Hut 8 Announces Initial ASIC Fleet Upgrade
With the purchase of 31,145 Antminer S21+ units for $15 per terahash, Hut 8 has announced an update to its ASIC fleet. The massive North American cryptocurrency mining company Hut 8 has announced plans to acquire 31,145 Bitmain Antminer S21+ miners in order to expand its ASIC fleet. According to the purchase deal, the Miami-based […]
Australia Requires Crypto Firms to hold Financial Services Licenses
According to reports, Australian regulators are drafting a new guidance that will mandate cryptocurrency exchanges to obtain financial services licenses. According to The Australian Financial Review (AFR), the licensing requirements for crypto exchanges in Australia are expected to be expanded beyond those relevant to digital currency exchanges. Alan Kirkland, the Commissioner of the Australian Securities […]
ASIC Takes Down Over 600 Crypto Scam Websites
Australia’s securities commission removed about 8% of fake websites in 2023 that focused solely on Bitcoin investments. In a report released on the first anniversary of its program to disrupt investment scams, the Australian Securities & Investments Commission announced the eradication of thousands of phishing and investment fraud websites. ASIC stated in a press statement […]
Australia’s ASIC Sues Stock Operator for Misleading Blockchain Upgrade Claims
ASIC, the corporate regulator of Australia, filed a lawsuit against ASX, the market operator, on Wednesday, alleging that the blockchain-based Clearing House Electronic Subregister System (CHESS) replacement project was mismanaged. The lawsuit alleges that ASX mislead the market by falsely claiming that the project was on track in early 2022. Nevertheless, ASX disclosed that the […]
NGS Crypto Rebrands as Hiddup Amid Legal Actions
NGS Crypto, an Australian cryptocurrency company, has rebranded its name to “Hiddup” amid an ongoing investigation and legal action by the Australian Securities and Investments Commission (ASIC). NGS Crypto reportedly invoked a trademark dispute for the rebranding on June 25. This occurred in an ASIC case concerning approximately 61 million Australian dollars ($41 million) in […]