ASIC Warns of Bitcoin ETF Risks
Prior to the introduction of Bitcoin ETFs on the Australian Stock Exchange (ASX), Australia’s securities authority sent out a warning to investors. According to a local newspaper, an Australian Securities and Investments Commission (ASIC) representative has cautioned about the risks associated with cryptocurrencies as the nation’s first spot Bitcoin exchange-traded fund (ETF) received approval from […]
Australia’s First Spot Bitcoin ETF Launches Tomorrow
The Monochrome Bitcoin ETF will begin trading by Tuesday on the Cboe Australia exchange. The management fee for the ETF, which is denoted as IBTC, will be 0.98%. The fund is made available by the issuer, Monochrome Asset Management, to enable investors to access Bitcoin within a regulated environment. The Australian Securities & Investments Commission […]
ASIC Launches Civil Proceedings Against 2 Mining Companies
The ASIC has launched civil proceedings following the liquidating of two cryptocurrency mining companies, NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd. The agencies and their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, were subject to civil proceedings initiated by the Australian Securities and Investments Commission (ASIC), as reported […]
CCC Australia Calls for More Powers to Confiscate Crypto
Australia-based Crime and Corruption Commission (CCC) has called for reform of Queensland’s Criminal Proceeds Confiscation Act 2002 (CPCA) to counter the illicit use of cryptos. The agency has suggested updating Queensland’s asset confiscation laws to address these legal weaknesses. When seizing cryptocurrencies connected to organized crime, such as money laundering, the CCC questioned the effectiveness […]
Canaan to Launch Mining Machines at 10th Anniversary Event
The leading ASIC manufacturer will showcase its latest products at a gala event in Singapore on September 12. Canaan, the first and only Nasdaq-listed Bitcoin mining machine manufacturer, is celebrating its 10th anniversary with a grand event in Singapore. The company will reveal its new mining machine products that promise to improve efficiency, reduce energy […]