Search Results for: ASIC

Crypto.com Announces Listing of Basic Attention Token

Hong Kong-based cryptocurrency platform Crypto.com announced on Wednesday it has listed Basic Attention Token (BAT), Ether (ETH), Litecoin (LTC), Binance Coin (BNB), XRP, Enjin Coin (ENJ), as well as Crypto.com’s own MCO and CRO tokens. Crypto.com reported: “The Basic Attention Token (BAT) aims to improve… Read More

Bitmain Debuts Next Generation 7nm ASIC Chip for SHA256 Mining

Bitmain-ASIC-chip

Bitmain Technologies, a China-based consumer-grade ASIC miner, announced on Monday the launch of its next-generation 7nm ASIC chip, BM1397. According to Bitmain, the new chip achieves new feats in performance, chip area and energy efficiency for mining cryptocurrencies such as Bitcoin (BTC) and Bitcoin Cash (BCH),… Read More

Monero Crypto Network Plans Fork to Buck ASIC Miners Once and For All

Fork

Developers of the privacy-cryptocurrency Monero have announced they’ll be “forking” (making code changes to) their network, changes that will reportedly make it impossible for “miners” using powerful ASIC-chip-laden machinery to process transactions on the network, Blockchain Reporter states. The change, which is scheduled to take… Read More

ASX-listed Company, Byte Power Group, Pays Fine to ASIC Following Launch of Crypto Exchange

The Australia Securities and Investment Commission (ASIC) has issued a statement regarding payment of a fine by Byte Power Group Limited. Byte Power, a company that is engaged in diverse businesses such as food and wine and power management, paid ASIC $33,000 after the regulator issued an… Read More

Dutch Fintech Bitsafe Announces Launch of Borderless Basic Payment Account

Bitsafe, a Holland-based fintech, announced earlier this week the launch of its borderless Basic Payment Account. According to the startup, this new account works just like a local bank account and allows account holders can make deposits, make payments and withdraw funds. Every Bitsafe account comes… Read More

ASIC Slams Financial Institutions and their Handling of Security Breaches: “A Sad Indictment on the Financial Services Industry”

The Australian Securities & Investment Commission (ASIC) has published its report on security breaches at financial services firms. According to the regulator, financial services firms have failed in their duty to protect their users and to notify them when they fall short of their fiduciary… Read More

Online Lender Prospa Completes ASIC Review of Terms, Updates Lending Agreements as Requested

Ben Lamb

Prospa, a leading online lender to SMEs in Australia, has shared that it has satisfied the a review by the Australian Securities and Investments Commission (ASIC) in relation to Prospa’s small-business contract terms. This past June, Prospa received a letter from ASIC requesting information as… Read More

ASIC Chair James Shipton Wants Australia to Lead the World in Regtech

In a speech delivered to an Australian Senate Committee meeting last week, James Shipton, Chair of the Australian Securities and Investments Commission (ASIC), told the members Australia can lead the way when it comes to Regtech adoption. Australia has a vibrant Fintech ecosystem that has benefited… Read More

Mining Monero More Profitable Right After Anti-Asic Hard Fork

“Hashing power” dropped precipitously on the Monero network right after the system “hard forked” April 6th. The temporary decrease in competition for block rewards induced by the fork has been attributed to the fact that many minors had not upgraded their software in time for… Read More

Here is ASICs Report on Cyber Security & Financial Firms

Cyber security risk in the financial services industry is profound and growing rapidly as all forms of finance move online. Recent high profile hacks and attacks exposing private information have dominated the news all too frequently. The Australian Securities and Investment Commission (ASIC) has just… Read More

Australia & China Partner on Fintech as ASIC and CSRC Agree to Cross Promote Innovations in Finance

The Australian Securities and Investments Commission (ASIC) has inked an agreement with the China Securities Regulatory Commission (CSRC) to cross promote Fintech firms in their respective markets. Australia has targeted Fintech as strategic for their economy. China is the largest Fintech market in the world…. Read More

Australia Appoints New ASIC Chair, FinTech Australia Welcomes Him Aboard

Today, the Minister for Revenue and Financial Services, Kelly O’Dwyer, announced the appointment of James Shipton as the new Chair of the Australian Securities and Investments Commission (ASIC).  A Goldman Sachs veteran, Shipton is currently leading a research center at Harvard Law School where he… Read More

CEO of Blockchain Tech Company DigitalX Comments on ASIC’s Position on ICOs

Earlier this week, the Australian Securities and Investment Commission (ASIC) came out with a statement on the emerging Initial Coin Offering (ICO) market that clarified its perspective on tokenized crowdfunding offers. Australia is a country that has been very aggressive in establishing itself as a… Read More

FinTech Australia Says ASICs Recognition of ICOs a Positive Step for Crowdfunding with Digital Coins

Yesterday, the Australian Securities and Investment Commission (ASIC) published guidance on the Initial Coin Offering (ICO) market. The cautionary note told investors to be diligent when reviewing ICOs for a potential investment while noting security offerings are a regulated activity. FinTech Australia called ASICs move… Read More

ASIC Releases Guidance on Crowdfunding in Australia which Commences on September 29th

The Australian Securities and Investments Commission (ASIC) has just released guidance for public companies and crowdfunding platform operators to support them in using the new “crowd-sourced funding (CSF)” regime. The updated rules kick off on 29 September 2017. While rules only apply to public companies,… Read More

ASIC Publishes Response on Innovation Hub & Regtech

The Australian Securities and Investments Commission (ASIC) is out with a report responding to feedback on their Innovation Hub and Regtech in general. ASIC sought feedback on their overall approach and establishing a new Regtech liaison group. ASIC received 19 responses from Fintech businesses and technology companies,… Read More

ADGM Partners with Malaysian Labuan IFBC, Labuan FSA & Australian ASIC: Building Global Fintech Bridges

Abu Dhabi Global Market (ADGM), the International Financial Centre of Abu Dhabi, Labuan International Business and Financial Centre (Labuan IBFC) and Labuan Financial Services Authority (Labuan FSA) have entered new partnerships to foster greater collaboration on joint financial activities and regulatory practice that support the… Read More

ASIC and OJK Sign Fintech Agreement Promoting Innovation

In an attempt to promote innovation in their financial service markets, the Australian Securities and Investment Commission (ASIC) and Indonesia’s Otoritas Jasa Keuangan (OJK) have entered into a Fintech Cooperation Agreement. Stated in a release Friday the 21st in Melbourne, the agreement creates a framework for collaboration… Read More

ASIC Announces Licensing Exemption For Fintech Businesses

On Thursday, the Australian Securities and Investment Commission (ASIC) announced a licensing exemption that will allow eligible financial technology (also known as fintech) businesses to test certain specified services without holding an Australian financial services or credit license. According to the ASIC, the fintech licensing… Read More

Australian ASIC & Canadian OSC Align to Sign Fintech Pact Reflects Commitment to Emerging Businesses

Under a new agreement, fintech companies in Australia and Ontario will be able to draw on support from the combined resources of their financial regulators as they seek to operate in the others’ market. Signed in Toronto this week, the Australian Securities and Investments Commission… Read More

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