The regulatory crypto crackdown and the deluge of litigation targeting the industry are not limited to the United States. Australian securities regulators have sued a crypto exchange providing services for Kraken in the country. The Australian Securities and Investments Commission (ASIC) sued Bit Trade Pty Ltd on September 21, as reported. Australian Crypto Crackdown? Furthermore, […]

The MFSA has launched a public consultation on proposed changes to its digital asset regulations to align them with the European Union’s MiCA regulations, which will come into force in 2024. […] Read More… The post Malta consults on revised digital asset rules to align with MiCA appeared first on CoinGeek.

The post Australian Regulators Sue Kraken Provider Bit Trade Over Margin Trading! appeared first on Coinpedia Fintech News Australian securities regulators have sued Bit Trade Pty Ltd., the provider of the Kraken crypto exchange to Australian customers, for “failing to comply with design and distribution obligations for its margin trading product”. The Australian Securities and […]

Bit Trade allegedly neglected to establish a target market determination before offering its margin trading product to Australian clients. Bit Trade first received notification of its non-compliance with these obligations in June 2022. Bit Trade’s margin trading product has been used by at least 1160 Australian customers. The Australian Securities and Investments Commission (ASIC) has […]

Litecoin started a downside correction from the $68.25 zone against the US Dollar. LTC price is now trading above $62 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $64.85 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The […]

Ethereum price corrected lower from the $1,670 resistance against the US Dollar. ETH could take a major hit if it breaks the $1,600 support. Ethereum started a bearish wave from the $1,660 resistance. The price is trading below $1,640 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance […]

The post Vivek Ramaswamy to Release Detailed Crypto Policy Framework! appeared first on Coinpedia Fintech News Republican presidential candidate Vivek Ramaswamy has said he plans to release a detailed crypto policy framework by Thanksgiving during a panel discussion at the Messari Mainnet conference. The entrepreneur, who has previously stated he supports blockchain, took the opportunity […]

Troubles for JPEX may not be over yet. The Hong Kong-based crypto platform – JPEX – has come under scrutiny as a potential hub for money laundering, according to Bitrace. The development emerged after JPEX came under suspicion for a potential rug pull. JPEX Money Laundering Accusations Bitrace’s report alleged that a recently flagged address […]

CoinEx, a cryptocurrency exchange, has announced plans to resume its deposit and withdrawal services. The crypto platform was forced to shut down operations after roughly $70 million worth of cryptocurrencies were drained from its hot wallets a week ago. On Saturday, September 16, the CoinEx team offered an update on their investigation, which showed that […]

Day 2 of the Philippine Blockchain Week 2023 offers a glimpse of the future of the banking sector, the challenges that lie ahead, and the Philippines’ exploration of AI technology. […] Read More… The post Philippine Blockchain Week 2023 Day 2 delves into the evolving world of fintech appeared first on CoinGeek.