asic

Warning from ASIC: Bitget accused of offering "unlicensed" crypto futures products in Australia

The Australian Securities and Investments Commission (ASIC) has issued a public warning against Bitget, accusing the cryptocurrency exchange of providing high-risk crypto futures products without a license.

Concerns about high leverage and lack of investor protection

ASIC stated that #Bitget and its parent company BTG Technology Holdings Limited are promoting "unlicensed crypto futures products" to Australian investors. This means that Bitget does not have an Australian Financial Services (AFS) License and is not allowed to encourage Australian investors to engage in its financial products.
The concerning point is that Bitget's products offer leverage of up to 125:1, which is significantly higher than ASIC's 2:1 limit for licensed derivative products. ASIC warns that trading with such high leverage can lead to substantial losses.
#ASIC emphasizes that when investing in unlicensed and unregulated products in Australia, investors will find it difficult to receive assistance when issues arise, and will not be protected by measures such as internal dispute resolution or customer funds protection.
This warning is ASIC's latest move to protect retail investors from speculative, complex, and unregulated crypto financial products. International regulatory authorities in Spain, Austria, Germany, Canada, France, Cyprus, Malaysia, and Japan have also issued similar warnings or legal actions against Bitget since 2022.

Australian regulator ASIC has charged former Mine Digital CEO Grant Colthup with $1.47 million fraud.

One of the exchange's customers did not receive his bitcoins after depositing AU$2.2 million, and the money was used to pay off the company's debts.

The case will be heard in December.

#asic #scam #newscrypto $BTC

🚨 JUST IN$🚨: ASIC appoints a panel to probe the ASX following its failed blockchain project.

More scrutiny ahead for Australia's stock exchange. 👀🔍

#ASX #Blockchain #ASIC #CryptoNews #CryptoMarket #FinanceNews #Australia

💥 BREAKING! 14.8 Million AUD Cryptocurrency Fraud by Official Financial Advisor of Australia ❗

🚨 Trusted, But Trapped!

Glenda Rogan — not an ordinary person.
Official financial advisor. Has a license. Works at Fincare Group. But…

👉 Turns out she secretly absconded with AUD 14.8 MILLION (over Rp150 billion) from clients, family, and friends.
Funneled into a bogus crypto scheme that promised "sure profits, minimal risk".

📆 This incident took place from March 2022 to June 2023. And only now…
🔥 ASIC imposes a 10-YEAR BAN!

😱 How did it happen?

Claimed to have “exclusive crypto investment access”

Selling a dream: "High returns, quick liquidity, safe!"

But? Client funds were channeled into fake investments

No transparency. No oversight. Money disappeared.

🧠 A Lesson for Us?

✅ Don’t easily trust just because they are “professionals”
✅ Check legality, licenses, and track records before transferring funds
✅ If investing in crypto, use proper & transparent platforms

📉 This is why DeFi transparency matters.

> Frauds like this are not because of crypto. But because of greedy humans who abuse trust.

🚀 Share if you agree that education is more important than FOMO!

> 🧠 Let’s build a more informed community, not easily fooled.
💬 Drop your opinion — Should punishments like this be harsher?

#glendarogan #asic #BreakingCryptoNews #crypto #BinanceSquareFamily

⚡️ Miners vs Electricity in Abkhazia: Hot Times 🔥

In Abkhazia, the electricity shortage has reached a new level! Shocking reports indicate that neighbors are burning each other's ASIC miners due to the lack of energy 🏠💥. Yes, such stories are no longer just tales, but reality.

📜 The Parliament of Abkhazia has intensified measures — a bill has been passed for a complete ban on cryptocurrency mining. If finally adopted, criminal liability will threaten those who mine crypto. 🛑

⏳ Interestingly, the ban on mining has been in effect since 2018, but there were still loopholes — electricity could be used from private power plants. Now, it seems that they want to put a big and fat cross on crypto mining.

🧐 The situation looks like a real energy crisis — and it makes one wonder: how far are governments willing to go in the fight against unauthorized mining?

What do you think, friends? Are such methods of solving the problem justified? Or is this already going too far? 🧐

#CryptoNews
#MiningBan
#Abkhazia
#ASIC

🚨 Breaking News: Brendan Gunn, brother of Olympian breakdancer Rachael Gunn, has been charged by Australia’s finance watchdog for allegedly handling money suspected to be proceeds of crime through his crypto conversion company, Mormarkets. 💰⚖️

ASIC claims Gunn dealt with two bank cheques totaling $181,000 from three investors. Despite concerns over scams, he reportedly sought to open multiple bank accounts for transactions. If convicted, he faces up to 3 years in prison. 🏛️

As Australia tightens regulations on the crypto industry, ASIC emphasizes its commitment to scam prevention. Stay tuned for updates as this story develops.

#Crypto #Australia #ASIC #breakingnews

Top 3 Bitcoin Mining ASIC Machines for 2025 #asic #Binance #cheaper #ANTMINER

Bitmain AntMiner S19 Pro

The Bitmain Antminer S19 Pro stands out as the best choice for Bitcoin mining enthusiasts. Despite its higher price compared to other entries on our list, it offers an impressive 110 Th/s hash rate, making it a formidable player in the mining game.

Retail Price: $ 3.230

Hash rate: 110 thousand/s

Power consumption: 3250 W

Bitmain AntMiner S9

The S9, although known for its modest hash rate, ranks as one of the most cost-effective mining devices available today.

Price: A used Bitmain Antminer S9 costs US$ 246.

Hash rate: 14 thousand/s

Power consumption: 1323 W

Whatsminer M30S++

The Whatsminer M30S++ is rated as a leading powerhouse in the Bitcoin mining industry, enabling mining of Bitcoin and Bitcoin Cash with an impressive hash rate of 112TH/S. This machine is superior in terms of cost and energy usage compared to other options in our lineup, which may make it less suitable for those just starting out in mining.

Listing Price: Currently, a used Whatsminer M30S++ costs US$ 2,455 on Amazon.

Hash rate: 112TH/S

Power consumption: 3472 W

🔥 Trump's tariff war has reached the crypto world?! 🤯

⚡️ The most vulnerable segment — miners, completely dependent on imported ASIC chips! 💻 If America raises tariffs, chip prices will skyrocket 🚀, miners' costs will increase, and profitability will plummet 📉.

😢 Small and inefficient miners will feel the impact first — they might simply not withstand competition from foreign counterparts 🌏 and leave the market.

This means… 👀 The difficulty of Bitcoin mining could significantly decrease! 🤔 I wonder how soon we will notice this in practice?

What do you think, crypto enthusiasts, is it worth worrying or conversely — a great opportunity for strong players? Share your thoughts! 💬😉

#CryptoNews #BitcoinMining #ASIC #TradeWar #CryptoMarket

Mining LTC: What is the uniqueness of the Scrypt algorithm? ⛏️💻

Litecoin uses the Scrypt hashing algorithm for Proof-of-Work (PoW) mining, which distinguishes it from SHA-256 used by Bitcoin.

Features of Scrypt: Scrypt was developed to make mining less dependent on specialized hardware (ASIC miners) and more accessible to ordinary users with CPU/GPU in the early stages.
Energy Efficiency: Although ASIC miners for Scrypt exist, this algorithm requires more RAM, making it more resilient to mass centralization of mining on super-powerful devices.
Accessibility: At the start, Scrypt allowed LTC to be mined even on a regular computer, which contributed to a broader distribution of coins.
Understanding the Scrypt algorithm provides insight into how Litecoin maintains its security and decentralization through the mining process.

#Litecoin #LTC #Майнинг #ASIC #BinanceAlphaAlert

⚡️ Update: AGM Group avoids delisting from Nasdaq after regaining compliance with the minimum price requirement!
━━━━━━━━━━━━━━━

🏢 About the Company:
AGM Group, a company specializing in the manufacturing of ASIC chips for blockchain mining, was threatened with delisting from the Nasdaq stock exchange due to its stock price falling below the required minimum.
━━━━━━━━━━━━━━━

📈 What Happened:
– The stock regained the required level of $1.00
– Thus, the company returned to compliance with Nasdaq listing rules
– The decision saved the company from losing its place on one of the world's leading exchanges
━━━━━━━━━━━━━━━

🔧 The Importance of AGM in the Blockchain Market:
– Focuses on developing custom processors for digital currency mining
– Forms part of the technical infrastructure for Bitcoin and blockchain
━━━━━━━━━━━━━━━

❓Do you see that mining chip manufacturers will achieve a recovery with the increasing demand for artificial intelligence and digital currencies?
━━━━━━━━━━━━━━━

📍 If you liked the content, support me with a like and follow to receive all new updates
LEGENDARY_007

#CryptoNewss #LEGENDARY_007 #asic #NASDAQ

U.S. Customs intensifies efforts to seize Bitcoin mining ASIC equipment, affecting multiple manufacturers

According to Blockspace, U.S. Customs and Border Protection (CBP) has begun seizing Bitcoin mining #ASIC equipment including #MicroBT and #Canaan at the request of the Federal Communications Commission (FCC), expanding last year’s operation against #Antminer equipment. The devices, which the affected companies said were worth $5 million, were seized because they contained AI chips that were not approved by the FCC. Customs clearance issues have extended to multiple ports, with vendors such as #Bitmain , Canaan and MicroBT facing difficulties.

🚨The United States has taken a tough approach to Bitcoin mining hardware, and miners are panicking!

Recently, the United States has sharply increased its supervision of Bitcoin mining hardware, which has set off a storm in the cryptocurrency field. A large number of foreign ASIC devices have been detained at customs one after another, making the future of American Bitcoin miners full of uncertainty.

At present, US regulators are increasingly scrutinizing mining hardware. From the recent border port seizures, it can be seen that law enforcement efforts may continue to escalate in the future, which will undoubtedly bring a huge impact on major manufacturers and miners.

At the request of the Federal Communications Commission (FCC), the U.S. Customs and Border Protection (CBP) has now comprehensively increased the seizure of Bitcoin mining ASICs at ports of entry across the country. According to Blockspace news and CBP documents disclosed by people familiar with the matter, MicroBT and Canaan's mining equipment have not been spared and have been detained.

As the enforcement action escalates, CBP has further expanded the scope of last year's seizure of Antminer S21 and T21 miners because they use the currently restricted Sophgo AI chip.

The U.S. Customs and Border Protection said in a letter that the miners "have been seized and confiscated" under 19 USC 1595a(c)(2)(A). These include restrictions on unauthorized communications equipment, radio frequency devices that cause interference, and hardware that is not approved or compliant with the FCC.

As the scope of the seizure expands, Taras Kulyk, co-founder and CEO of Synteq Digital, said that almost all Asian ASIC manufacturers have encountered customs clearance problems. A source confirmed that hardware from multiple customers was seized at the new port outside Detroit and San Francisco, and another company is currently seeking a legal partner to fight the seizure.

Analysis points out that the U.S. crackdown on Bitcoin mining hardware may be in line with the Trump administration's policy of promoting the localization of silicon-based industries, aimed at supporting domestic miners to mine the remaining 1.042 million bitcoins. The US strictly controls the entry of foreign Bitcoin mining hardware, which also makes the survival prospects of domestic miners worrying!

💬To sum up, this incident has a great impact on the US Bitcoin mining industry. What do you think of the US seizing non-domestic ASIC equipment?See you in the comments section!

#比特币挖矿 #美国政策 #ASIC #美国监管

💰 A solo miner with a tiny home mining rig, Bitaxe, mined block 887,212 last night, earning 3.15 $BTC ($244,547). 


This little device has a hash rate of just 0.5 Gigahashes per second—about 1/27th the power of the old S9 #asic model (13,500 GH/s).
#BitcoinTreasuryETF @WISE PUMPS

🚨⛏️ HOW TO MINE BITCOIN AT HOME IN 2025 ; FOUR OPTION

#LotteryMining : Low power, high risk, rare rewards. Perfect for hobbyists with limited budgets, using devices like Bitaxe HEX or GekkoScience R909.

#ASIC Solo Mining: Solo mining with serious hardware like Antminer S21 Hydro. Offers better chances but still a long shot.

#PoolMining : Join forces with others for steady payouts. Larger pools like Foundry USA and F2Pool make this option practical.

#CloudMining : Rent hash power remotely to mine without equipment. Low hassle but often less profitable due to hidden fees.

🔹Bitcoin mining in 2025 requires strategic planning, whether for learning, fun, or steady profit.

🔹BTC broke $100K in early 2025.

🔹Trump’s return hints at pro-crypto mining policies.

🔹MiCA in the EU provides regulatory clarity.

🔹Industry revenue up 6,700% since 2021.

- Cointelegraph$BTC