ASIC Mining Australia Leads Innovation in Crypto Mining In the world of cryptocurrency, ASIC mining has become a game-changer. Standing for Application-Specific Integrated Circuits, ASIC devices are engineered to execute one task with exceptional efficiency.  In Australia, where the crypto market is both vibrant and challenging, understanding ASIC mining is key for anyone looking to maximise their cryptocurrency mining profitability. What is ASIC Mining? ASIC mining involves using Application-Specific Integrated Circuits (ASICs) that are designed specifically for cryptocurrency mining. U ..read more

The decision by SEC on several Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission has been postponed until May 2024. On December 18, in regulatory filings, the SEC delayed the ruling on the Hashdex Nasdaq Ethereum ETF and Grayscale Ethereum Futures ETF. The Hashdex Ether ETF intends to encompass spot Ether and futures contracts, while Grayscale’s Ethereum Futures ETF is considered a potential strategy to convert its Ethereum Trust to a spot Ethereum ETF. The SEC is requesting further public input on the ETF listings. Moreover, the agency postponed decisions on ..read more

U.S. Court Ruling Against Binance and CEO CZ A U.S. court has issued a ruling against Binance, the cryptocurrency exchange, and its former CEO Changpeng “CZ” Zhao. Binance is ordered to pay $2.7 billion, and CZ is to pay $150 million to the Commodity Futures Trading Commission (CFTC). The CFTC announced on December 18 that the U.S. District Court for the Northern District of Illinois had approved the previously disclosed settlement, concluding the enforcement action initiated by the CFTC in November. “The court finds Zhao and Binance violated the Commodity Exchange Act (CEA) and CFTC regulati ..read more

FTX Debtors Present New Proposal Debtors of the bankrupt FTX cryptocurrency exchange have presented a revised proposal for reorganization under Chapter 11. The proposal suggests that the value of claims on customer assets will be determined retrospectively from the time of the exchange’s collapse in November 2022. In a recent submission to the United States Bankruptcy Court for the District of Delaware, the debtors specified that any claims by customers against the exchange, intended to compensate the holder, will be calculated based on the asset’s value as of the exchange’s bankruptcy filing ..read more

Ledger Addresses Connector Breach Affecting DApps Ledger acted swiftly on Dec. 14 to counter a breach impacting decentralized applications (DApps) such as Zapper, SushiSwap, Phantom, Balancer, and Revoke.cash. The security incident involved Ledger’s connector, but the company quickly resolved the issue by substituting the compromised file with a genuine one within three hours. Ledger advises users to ensure transaction authenticity by always verifying “Clear Sign,” stressing that Ledger’s screen displays genuine details. The company warns against discrepancies between Ledger’s device screen a ..read more

Introduction to Bitcoin Mining Australia Bitcoin mining is the heart of the Bitcoin network. It’s a process that involves validating transactions and adding them to the blockchain, Bitcoin’s public ledger. This critical role helps maintain the network’s security and introduces new bitcoins into the system. Let’s dive deeper into what Bitcoin mining Australia and learn what it entails and its significance in the broader blockchain ecosystem. What is Bitcoin Mining? At its core, Bitcoin mining is the computational process of solving complex mathematical problems. Miners use specialized hardware ..read more

The decision on several Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission has been postponed until May 2024. On December 18, in regulatory filings, the SEC delayed the ruling on the Hashdex Nasdaq Ethereum ETF and Grayscale Ethereum Futures ETF. The Hashdex Ether ETF intends to encompass spot Ether and futures contracts, while Grayscale’s Ethereum Futures ETF is considered a potential strategy to convert its Ethereum Trust to a spot Ethereum ETF. The SEC is requesting further public input on the ETF listings. Moreover, the agency postponed decisions on the Van ..read more

Binance, the cryptocurrency exchange, and its former CEO Changpeng “CZ” Zhao have been issued a ruling by a U.S. court, leading to Binance paying $2.7 billion and CZ paying $150 million to the Commodity Futures Trading Commission (CFTC). The CFTC announced on December 18 that the U.S. District Court for the Northern District of Illinois had approved the previously disclosed settlement, concluding the enforcement action initiated by the CFTC in November. “The court finds Zhao and Binance violated the Commodity Exchange Act (CEA) and CFTC regulations, imposes a $150 million civil monetary penal ..read more

Coinbase continues its pursuit of comprehensive cryptocurrency legislation, particularly concerning its classification as securities. Despite the United States Securities and Exchange Commission’s rejection of Coinbase’s rulemaking petition on December 15 regarding cryptocurrency, the exchange promptly appealed this decision.  Paul Grewal, Coinbase’s chief legal officer, committed to taking swift action upon learning of the SEC’s denial. Subsequently, on December 18, the U.S. Third District Court of Appeals directed the SEC to submit the record of its decision by January 24, 2024. In its ..read more

Debtors of the bankrupt FTX cryptocurrency exchange have presented a revised proposal for reorganization under Chapter 11. The proposal suggests that the value of claims on customer assets will be determined retrospectively from the time of the exchange’s collapse in November 2022. In a recent submission to the United States Bankruptcy Court for the District of Delaware, the debtors specified that any claims by customers against the exchange, intended to compensate the holder, will be calculated based on the asset’s value as of the exchange’s bankruptcy filing date on Nov. 11, 2022. If the pr ..read more