Australian regulator claims win over Kraken’s Bit Trade in federal court
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.
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Malta’s Financial Regulator Issues Guides on Crypto Assets, Scams
Malta's financial regulator has issued a note to the public regarding the risks of crypto assets and the possibility for scams, news outlet Times of Malta reported on April 25.The Malta Financial Services Authority’s (MFSA) new guidance note intends to warn the public about cryptocurrency investments and related risks, and educate people on how to…
Crypto donations raised by Hamas ‘remain tiny,’ says Elliptic
Blockchain forensic firm Elliptic says there’s “no evidence” that Hamas is receiving a significant volume of cryptocurrency donations to fund its attacks against Israel.“There is no evidence to support the assertion that Hamas has received significant volumes of crypto donations,” Elliptic said in an Oct. 25 statement. The amounts raised “remain tiny,” the firm added.Elliptic’s
Brazilian Trade Official Says Tax Reform Will Lead to Evasion Via Crypto
The head of a major Brazilian trade association, the Federation of Industries of the State of São Paulo (FIESP), said that Brazilians could start using crypto to evade taxes.Paulo Skaf, the president of the FIESP, expressed concern over the recent tax reform proposal by Brazilian President Jair Bolsonaro, Cointelegraph Brazil reports on July 25. He…
Australia’s financial regulator cancels license for FTX’s local entity
ASIC had previously suspended FTX's license to operate in Australia, now the securities regulator has canceled it entirely. 49 Total views 2 Total shares The Australian financial services regulator has finally canceled the financial license of FTX Australia, the bankrupt crypto exchange's local subsidiary — effective July 14. On July 19, the Australian Securities and…
Study: Crypto Mining Consumes More Energy Than Mineral Mining
A recent study by scientific journal Nature Sustainability published Nov. 5, reveals that crypto mining consumes more energy than mineral mining to produce the same market value.Scientists from the U.S. Department of Energy’s Oak Ridge Institute for Science and Education conducted a study to evaluate how much energy is consumed by mining cryptocurrencies in comparison…
Untethered: Here’s everything you need to know about TerraUSD, Tether and other stablecoins
Established stablecoin trading pairs have struggled to keep stable on crypto exchanges around the world. Here are the updates as the situation evolves. 2760 Total views 2 Total shares The crypto winter could be claiming more casualties among the stablecoin camp. The de-pegging of TerraUSD (UST) on Tuesday triggered market sell-offs, and now Tether (USDT) appears…
SEC snubbed as Voyager wins court approval for sale to Binance US
The ruling allows the crypto lender a path out of its bankruptcy, but it still has to undertake some due diligence with Binance US before the sale is final. 270 Total views 4 Total shares Own this piece of history Collect this article as an NFTBankrupt cryptocurrency lender Voyager Digital has won court approval to…
Elon Musk’s xAI Colossus goes online — and it really is colossal
Elon Musk’s xAI launched Colossus, now the most powerful AI training system, setting a new benchmark in the AI race with a 100k H100 training cluster that will soon double in size.