Kraken Crypto Exchange Operator Fined by Australian Court

August 24, 2024 Bitcoin.com

ASIC

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, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer […]

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Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Australian Regulator Issues Warning on Rise of Online Crypto Scams

August 20, 2024 The Daily Hodl

Australia

The Australian Securities and Investment Commission (ASIC) is warning about widespread online investment scams, including those involving cryptocurrencies. In a new announcement, the ASIC says it is constantly shutting down malicious websites that are targeting Australians through various means and trying to make off with their funds. “Since July 2023, ASIC has coordinated the removal […]

The post Australian Regulator Issues Warning on Rise of Online Crypto Scams appeared first on The Daily Hodl.

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Man Sentenced to Prison After Spending Most of $6,900,000+ Mistakenly Sent by Major Crypto Exchange: Report

August 15, 2024 The Daily Hodl

Man Sentenced to Prison After Spending Most of ,900,000+ Mistakenly Sent by Major Crypto Exchange: Report

Australia

A 39-year-old cryptocurrency enthusiast who splurged millions worth of erroneously transferred funds will reportedly spend three years in prison after pleading guilty in a court in Australia. Local news site News.com.au reports that in 2021, Jatinder Singh tried to deposit around $65 into his Crypto.com portfolio using his then-partner Thevamanogari Manivel’s Commonwealth Bank account. The […]

The post Man Sentenced to Prison After Spending Most of $6,900,000+ Mistakenly Sent by Major Crypto Exchange: Report appeared first on The Daily Hodl.

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

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

August 14, 2024 Coin Telegraph

ASIC

The Australian Securities and Investments Commission has sued the stock exchange for alleged “misleading statements” it made over its abandoned blockchain upgrade plan.

The Australian Securities and Investments Commission (ASIC) has sued the country’s leading stock exchange in Federal Court, alleging it made “misleading and deceptive” statements over its now-abandoned project to replace its aging systems with blockchain technology.

ASIC said on Aug. 14 that the Australian Securities Exchange’s (ASX’s) statements that the replacement project for its Clearing House Electronic Subregister System (CHESS) trading platform was “on track for go-live” in April 2023 and was “progressing well” were misleading.

The regulator claimed the project “was not tracking to plan” at the time the statements were made in early February 2022, and the ASX had no “reasonable basis” to imply the project would be ready by that date.

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Coinbase to Provide Custody for Australian Bitcoin ETF BTXX

July 29, 2024 Bitcoin.com

Australia

Digitalx, an ASX-listed company, has selected Coinbase to deliver custody and advanced trading execution services for its recently approved Bitcoin exchange-traded fund (BTXX) in Australia. This partnership will offer qualified Australian investors access to bitcoin and other digital assets via a traditional fund structure through Coinbase Prime, a comprehensive prime brokerage platform. This selection follows […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Kraken Expands Crypto Custody Services to Institutions in UK and Australia

July 19, 2024 Bitcoin.com

Australia

Crypto exchange Kraken has expanded its custody services to institutional clients in the UK and Australia, marking the first international expansion following its successful U.S. launch in March. Kraken Institutional, already established in the UK and Australia, now offers its custody solution to both existing and new clients in these countries, emphasizing security and client […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Australian Court Convicts Bitconnect Promoter for Providing Unlicensed Advice

July 16, 2024 Bitcoin.com

ASIC

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 Commission (ASIC) announced Monday. Between August 2017 and January 2018, Bigatton promoted Bitconnect through seminars and social media, claiming significant returns on […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Julian Assange Bitcoin donation shows how crypto can support transparency

June 28, 2024 Coin Telegraph

Australia

The Bitcoin community came to Julian Assange’s aid, helping ensure the WikiLeaks founders’ safe and debt-free return to Australia.

WikiLeaks founder and prominent free speech advocate Julian Assange has developed strong connections with the Bitcoin community.

Both he and WikiLeaks have benefited from the unique properties of Bitcoin (BTC) as a cryptocurrency, as well as from its vibrant community.

Assange and WikiLeaks have also played a crucial role in boosting the relevance of Bitcoin, with the symbiotic relationship being mutually beneficial and contributing to Bitcoin and WikiLeaks’ survival and progress.

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Australian Regulator Appeals Court Decision Exempting Block Earner From Penalty

June 20, 2024 Bitcoin.com

ASIC

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 financial services through its crypto-related Earner product. On June 4, the court found Block Earner’s contraventions serious but exempted […]

Robert Kiyosaki Endorses Michael Saylor’s $13M Bitcoin Forecast — ‘I Believe He Is Right’

Terraform Labs to shut down after $4.5B SEC settlement: Law Decoded

June 17, 2024 Coin Telegraph

Terraform Labs to shut down after .5B SEC settlement: Law Decoded

Australia

Terraform Labs plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain.

Terraform Labs has agreed to pay the United States Securities and Exchange Commission (SEC) roughly $4.47 billion as part of its settlement with the securities regulator. The duo settled after a jury found Terraform Labs and its co-founder liable for the Terra ecosystem collapse, which erased $40 billion in investor assets.

Chris Amani, CEO of Terraform Labs, has announced that the firm will cease operations following the settlement. The company plans to sell key projects within the Terra ecosystem and give the community control of the Terra blockchain.

In other news, lawyers for blockchain payments company Ripple have asked a court to consider an “appropriate” civil penalty in its case with the SEC following a settlement between the regulator and Terraform Labs. The SEC has requested that Ripple pay roughly $2 billion in disgorgement, prejudgement interest and civil penalties. Ripple has argued it should pay no more than a $10 million penalty.

Australia

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