Category: Bitcoin

ASIC Sues Binance Australia for Misclassifying Retail Investors

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ASIC has filed a lawsuit against Binance Australia Derivatives, accusing it of misclassifying over 500 retail investors as wholesale clients. Binance allegedly failed to issue required disclosure documents, create a Target Market Determination, and operate an internal dispute resolution system. ASIC seeks penalties, declarations, and public accountability measures to hold Binance responsible for breaching financial laws. The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives, accusing the crypto exchange of misclassifying more than 500 retail investors as wholesale clients. According to an on Wednesday,…

Breaking: Texas House Introduces Bill to Establish Strategic Bitcoin Reserve

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Texas proposes a bill for a strategic Bitcoin reserve, allowing Bitcoin for taxes, fees, and donations. Representative Capriglione advocates Bitcoin adoption, combating inflation, with held reserves for at least five years. Texas, home to top US Bitcoin miners, aims to lead in cryptocurrency-backed financial innovation globally. Texas has introduced a bill to establish its own strategic bitcoin reserve, to CNBC report. Proposed by Republican State Representative Giovanni Capriglione, the bill would let Texas accept Bitcoin for taxes, fees, and donations. If passed, this initiative would position the state as a…

Bitcoin (BTC) Price Attempts Bullish Breakout Catalyzed by Rising Demand from Whale Investors

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Bitcoin price is trading at a crucial crossroads that could either lead to a rally towards $200K or a retrace towards $85K. The supply of Bitcoin on centralized exchanges has shrunk exponentially in the past year amid speculation of mainstream adoption by nation-states. After teasing below $95K earlier this week, Bitcoin price surged more than 5 percent in the past 24 hours to trade about $101K on Thursday, December 12, during the mid-London session. The flagship coin retested the highest daily close of about $101,961, signaling a potential bullish breakout…

Bitcoin Jesus Fights Back: Roger Ver Claims US Targets Him Over Crypto Advocacy

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Ver alleges that the US government is targeting him for Bitcoin advocacy, not tax evasion. His defence cites unconstitutional charges and vague crypto tax laws. Roger Ver, popularly known as “Bitcoin Jesus” is maintaining his stand that the allegations leveled against him by the United States Department of Justice (DOJ) are not true. Ver was apprehended by the US authorities in Spain in April on charges ranging from tax evasion to mail fraud and filing false tax returns. Presently, the US authorities are waiting to get a court ruling in…

Argentina Opens Doors to Crypto Investment Through Revolutionary ETF, CEDEARs

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Five new CEDEARs instruments launched in Argentina, including exposure to Bitcoin ETF IBIT and Ethereum ETF ETHA, eliminating the complexity of crypto wallet management. The investment product was announced on the same day as BTC hit $100K. Argentina’s BYMA and Banco Comafi collaborated for the program. Latin American country Argentina has taken a significant step when it comes to digital asset investment, allowing citizens to engage in new investment opportunities via a new range of revolutionary exchange-traded funds (ETFs), CEDEARs. Local investors will now have access to diversified investments with…

AUSTRAC Launches New Taskforce to Tackle Non-Compliant Crypto ATMs in Australia

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Australia’s financial agency has launched a taskforce to enforce stricter regulations on cryptocurrency ATMs as criminal misuse rises within the country. The country’s anti-money laundering rules require crypto ATM operators to monitor transactions and report suspicious activities. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched a dedicated task force to enforce stricter regulations for crypto ATMs across the country. The move is part of the agency’s broader efforts to combat money laundering and other illicit activities associated with digital currencies. On Friday, the financial intelligence agency digital assets…

Bernstein: Ethereum Staking Yield to Improve with Pro-crypto US President

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Ethereum ETF products may get staking approvals under the Trump administration. Global Ethereum ETF markets including Hong Kong also considering this product. Despite headwinds, Bernstein is convinced staking could enhance Ethereum’s appeal in the market. With ‘s inauguration in 2025, analysts at research and brokerage firm Bernstein believe staking yields might gain approval for spot Ethereum Exchange-traded Funds (ETFs) in the United States. Significantly, the incoming Trump administration is one of the four factors driving a resurgence of interest in Ethereum . The broader crypto market has a combined capitalization…

Xlandeflux: The Leading Platform for Seamless Crypto-to-Crypto Trading

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Xlandeflux: The Premier Crypto-to-Crypto Exchange for Seamless Global Trading In the dynamic and ever-changing world of cryptocurrency, selecting a trusted and efficient exchange is paramount to achieving trading success. Xlandeflux has emerged as one of the most reliable and sought-after platforms in the crypto industry, providing seamless crypto-to-crypto trading with a focus on security, speed, and a superior user experience. Operating across 53 countries, Xlandeflux caters to both seasoned traders and newcomers, empowering them to trade confidently in an increasingly digital world. Why Xlandeflux is the Top Choice for Crypto…

BIT Mining Expands Crypto Operations in Ethiopia with $2.26M Acquisition of Data Centres

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BIT Mining successfully completed the first phase of its acquisition in Ethiopia, purchasing a 35 MW of mining capacity and nearly 18,000 BTC mining machines for $2.265 million cash payment, in addition to the issuance of 369 million shares. The company is set to expand further with an additional 51 MW of data centers scheduled to be operational by early 2025. BIT Mining, a leading cryptocurrency mining company, has made a significant move to expand its operations in Africa, successfully completing the first phase of its acquisition in Ethiopia. The…

BTC, ETH Dominate Investment Inflows, XRP ETF on Radar

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Bitcoin led with $2 billion in inflows, pushing total BTC inflows for 2024 to $11.5 billion. Ethereum ETFs saw $1 billion in inflows, maintaining momentum for the seventh consecutive week. XRP saw significant inflows of $145 million amid rising speculation around the approval of an XRP ETF. Crypto investment products registered net inflows for the tenth consecutive week with Bitcoin , and Ethereum dominating a major of the inflows. On the other hand, inflows into XRP also picked up pace amid the rising speculation of an XRP ETF approval. In…