Binance has faced an intense scrutiny and regulatory backlash recently. In June, the FCA banned Binance from undertaking any regulated activity in the UK, following a warning placed by the Japanese regulator, the FSA. However, this did not happen in Australia. The move follows the recent warning the Australian regulator issued against trading crypto through…
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ASIC said: ASIC understands that some unlicensed overseas platforms are taking, or have already taken, steps to prevent Australian clients from accessing these financial products. These steps include removing references and links, placing additional warnings and disclosures on the relevant webpages and apps, and introducing geographically based IP restrictions (geo-blocking). This prevents more Australian consumers…
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Syedur Rahman, a partner at Rahman Ravelli, which is representing Fetch.ai, said: We need to dispel the myth that cryptoassets are anonymous. The reality is that with the right rules and applications they can be tracked, traced and recovered. Rahman said that Binance intends to comply with the order and it is already tracking down…
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The US watchdog found that from November 2014 to October 2020 BitMEX offered leveraged trading of cryptocurrency derivatives to retail and institutional customers in the US, while operating as a common enterprise. BitMEX was aware that US customers could access the BitMEX platform. CFTC also found that US customers placed orders directly through BitMEX’s user…
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cTrader also improves the addition of indicative USD currency in TradeWatch which enables users to view their balance, equity, margin and P&L in the indicative currency of USD in a single switch via TradeWatch options. With the Advanced balance bar settings, users can configure and customize the balance bar in TradeWatch for their personal comfort…
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However, the defendants did not take into account the volatility of the crypto world. As the digital assets that purchased the initial tokens did not offer guarantees to pay out the promised interest rate, it caused an issue with company operation. Instead of making customers aware of this issue, Mr. Acree and Mr. Keough decided…
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2. EIP-3238: Difficulty Bomb Delay EIP-3238 is being introduced to smooth the path for the Ethereum 2.0 upgrade. An important feature of Ethereum, the difficulty bomb makes Ethereum mining more challenging. When the difficulty bomb is triggered, block times will become so long that mining will no longer be profitable. This contributes to a phenomenon…
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Mining for Bitcoin is not illegal in Malaysia, which is partly why Malaysia is one of the most popular countries for Bitcoin miners. It currently comes into the top 10 mining locations, accounting for over 3% of the total Bitcoin mining in the world. However, bitcoin mining does attract criminals, with most opting to steal…
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According to SEC, many ICOs listed on Coinschedule.com appear in its DAO Report published in 2017, warning that: “coins sold in ICOs may be securities and that those who offer and sell securities in the U.S. must comply with federal securities laws.” SEC revealed that Blotics has agreed to cease and desist from future violations…
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The ban follows warnings and concerns that financial information from TikTok could be misleading. The FCA has also expressed its concerns over young individuals being at risk in investing, taking their information from social media. The growing pressure has driven Google and other internet companies to take measures against scam ads showing on their platforms…
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