The Australian Securities and Investment Commission (ASIC) has taken significant action by initiating legal proceedings against Oztures Trading Ltd, the company behind Binance Australia Derivatives. The regulator’s core accusation centers on the misclassification of over 500 retail investors as wholesale clients, thereby undermining essential consumer protections. This misclassification, claimed ASIC, obviated the mandatory safeguards present
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In recent times, Cardano (ADA) has experienced significant fluctuations, particularly facing resistance at the $1.1 price level. The initial surge above $1 signified a critical threshold for Cardano, marking the first instance since early 2022 that the cryptocurrency pushed past this psychological barrier. This trajectory peaked at $1.3 on December 3, 2024, but as with
The Hong Kong Securities and Futures Commission (SFC) has taken a significant stride in regulating the burgeoning virtual asset market by issuing licenses to four new virtual asset trading platforms (VATPs). This decision, announced on December 18, is a pivotal addition to the landscape of crypto trading in the region, reflecting the SFC’s commitment to
In 2024, Bitcoin (BTC) has emerged as a primary focus within the financial landscape, culminating in a stunning price surge that exceeded $108,000 on December 17. This marked a remarkable increase of approximately 150% since the start of the year. The upward trajectory of Bitcoin’s value has not only caught the attention of long-time investors
The cryptocurrency market is in a constant state of evolution, marked by rapid price fluctuations and major milestones. Recently, Bitcoin (BTC) achieved an impressive all-time high (ATH) of $108,000, prompting analysts and investors alike to re-evaluate the future dynamics of the digital currency arena. Leading crypto analyst, Charting Guy, has provided a comprehensive outlook on
Bitcoin, the flagship cryptocurrency, has experienced a volatile few days, shifting dramatically in market value after a stellar performance. After consistently setting new highs, Bitcoin recently observed a correction, plummeting by more than $4,000 in a short span of about 12 hours. This sharp decline follows an impressive rally where the cryptocurrency first crossed the
As 2023 draws to a close, Bitcoin (BTC) has reached remarkable heights, sparking discussions about its potential future in the cryptocurrency landscape. The recent Alpha Report from Bitfinex offers critical insight into the developments shaping Bitcoin’s bullish narrative. This analysis explores the key factors driving Bitcoin’s ascent and evaluates what the future might hold for
The ongoing conversation around governance within the crypto space continues to gain momentum, with Charles Hoskinson, the founder of Cardano, leading a recent charge for reform. In a thought-provoking post shared on December 18, he prompted the Cardano community to scrutinize the structure and decision-making norms of the Cardano Foundation. This call for introspection does
The cryptocurrency landscape is a swirling tempest of opportunity and risk, often drawing in individuals from diverse backgrounds. Among these aspiring digital financiers is Samuel Edyme, known as HIM-buktu in the digital sphere. Far from a dull narrative, his journey is a tapestry woven with ambition, tenacity, and an unyielding pursuit of knowledge. This article
FTX and its affiliated debtors have formally announced that their Chapter 11 reorganization plan is set to begin on January 3, 2025. This date not only marks the effective commencement of the plan but is also crucial as the initial distribution record date for stakeholders holding approved claims within the plan’s convenience classes. According to
