Key Points: ASIC’s legal action against Bit Trade focuses on non-compliance with Design and Distribution Obligations (DDO). Bit Trade’s margin trading product faces scrutiny, linked to significant customer losses. This case underscores Australia’s evolving cryptocurrency regulatory landscape. The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against Bit…

The Australian Securities and Investments Commission has filed a lawsuit against Bit Trade alleging non-compliance.

Американская криптобиржа Kraken приобрела старейшую австралийскую криптовалютную компанию Bit Trade.

Bit Trade позволяет быстро, просто и безопасно торговать биткоинами и другими криптовалютами. Компания начала работу в 2013 году и быстро приобрела хорошую репутацию, предлагая интуитивно понятные и безопасные продукты, соответствующие нормативным требованиям.

Криптобиржа Kraken заявила, что приобретение Bit Trade позволит ей стать главным криптовалютным сервисом Австралии. Компания Kraken поглотила всю команду Bit Trade во главе с Джонатаном Миллером, который станет управляющим директором Kraken в Австралии.

Цель Kraken состоит в улучшении ликвидности биржи при помощи австралийского доллара (AUD). Приобретение Bit Trade также позволит усилить присутствие Kraken в Азиатско-Тихоокеанском регионе, улучшить обслуживание розничных и институциональных трейдеров, а также работу OTC-сервиса компании, к которой недавно прибавилась платформа Circle Trade.

Недавно мы рассказывали о том, что, по данным компании Chainanalysis, OTC-сервисы многих известных криптобирж используются для отмывания денег.

Kraken acquires Australian crypto exchange provider Bit Trade

Bitcoin and crypto exchange company Kraken announced today that it has acquired Australia’s longest-running crypto service, Bit Trade.

This acquisition will allow Kraken to focus in on Australia with AUD liquidity with support for both institutional and retail customers. The deal further boosts Kraken’s OTC trading operation, which last month acquired Circle Trade.

Founded in 2013, Bit Trade…

Bitcoin owners told to transfer savings out of Bitpay wallets after private keys stolen/ bitcoin exchange ,bitseven,bitcoin exchange

A popular cryptocurrency exchange has warned customers that their Bitcoin could be stolen after hackers managed to create a backdoor in the service.Bitpay said that customers using earlier versions of the app should “assume” that an attacker had stolen the private keys needed to access their cryptocurrency.The attacker - or attackers - are understood to have infected a code library used by the service several weeks ago and have been quietly siphoning the keys unbeknown to the owners. Customers using Android and iOS versions 5.0.2 through to 5.1.0 of its Copay app are affected, it warned. They were advised to update the app and move Bitcoin to a new wallet. A spokesman for the US-based payments company said: “Our team is continuing to investigate this issue and the extent of the vulnerability. In the meantime, if you are using any Copay version from 5.0.2 to 5.1.0, you should not run or open the app. A security update version (5.2.0) has been released and will be available for all Copay and BitPay wallet users in the app stores momentarily.”The attacker, who has been sending the keys to a server located in Malaysia, was able to compromise Bitpay by infecting an open-source code library the app was dependant on. Dominic Tarr, the software engineer who create the code, was harassed on social media after it emerged that the hackers were able to deploy the malware after he handed them access. “Of course, If I had realized they had a malicious intent I wouldn't have, but at the time it looked like someone who was actually trying to help me,” he wrote in a statement. Tarr added that this was “not just a one off thing” and that it was likely that several code libraries in use by companies around the world were vulnerable to similar attacks - bitseven.com.

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Crypto Exchange Poloniex Announces 'Pre-Fork' Trading for Bitcoin Cash/ bitcoin margin trading,bitseven,bitcoin exchange,Cryptocurrency exchange,FX Margin bitflyer,CoinMarketCap,poloniex,bitfinex,bitmex,bittrex,bithumb,bitcoin price,etf bitcoin

Bitseven.com - Poloniex announced Tuesday it will be the first cryptocurrency exchange to offer trading for the pending bitcoin cash (BCH) hard fork amid an ongoing debate over the technology's roadmap.Starting Wednesday night, Poloniex, operated by Goldman Sachs-backed startup Circle, revealed it will begin offering customers the option to buy bitcoin cash ABC (BCHABC) and bitcoin cash SV (BCHSV) trading tokens.This is the first time Poloniex has offered trading pairs for a crypto asset prior to a possible fork, a move it says is part of a wider strategy to increase the company's customer experience, according to a company blog post.The post reads:"We're doing this to empower customers to demonstrate their support for one coin over the other through trading activity. Poloniex will also support trading markets for both tokens after the hard fork."In the message, the exchange stressed its intention to remain neutral during the split in order to allow the community to decide which blockchain it will support, demonstrated through advanced trading activity. It also stated that it would be evaluating each hard fork individually to decide whether to support the fork or continue pre-fork trading.Pre-fork trading has been made available for USDC/BCHSV and USDC/BCHABC as well as bitcoin trading pairs.Customers will also be able to convert their BCH into an equivalent amount of BCHABC and BCHSV and vice versa if they wish to withdraw funds, but they will not be able to withdraw BCHABC and BCHSV ahead of the fork.The exchange plans to continue supporting trading for both bitcoin cash ABC and SV after the planned fork on Nov. 15.Overall, the news comes during what has been a slower trading day for the crypto asset, one that has surged of late on the news traders may be able to receive additional tokens through the creation of a competing blockchain, should the blockchain's users continue to support both versions of the technology.At press time, the price of bitcoin cash is down 0.81 percent on the day

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‘Godfather of ETFs’ Says Bitcoin Exchange-Traded Funds Will be Approved ‘No Time Soon’/poloniex,bitfinex,bitmex,bittrex,bithumb,bitcoin price,etf bitcoin

Bitseven.com - Reggie Browne, the so-called “godfather of ETFs,” said that Bitcoin (BTC) Exchange-Traded Funds (ETF) will be certified “no time soon,” Business Insider reported Nov. 1. Browne is a senior managing director and head of ETF trading at financial services firm Cantor Fitzgerald.Founded in 1945, Cantor Fitzgerald focuses on institutional equity, fixed income sales, and trading. The company reportedly has over 5,000 institutional clients, which includes such fields as investment banking, prime brokerage, and commercial real estate.Speaking at Georgetown University's Financial Markets Quality Conference in Washington D.C., Browne reportedly said that BTC ETFs will be approved only after the development of a strong regulatory framework in the industry. Addressing the current state of BTC ETFs, Browne stated:"It's very difficult for the [Securities and Exchange Commission (SEC)] to wrap their heads around a positive approval because there's no data yet ... the markets just aren't here."Earlier today, the CEO of investment management corporation BlackRock Larry Fink made a similar statement. When commenting on cryptocurrency ETFs’ future, Fink claimed that ETFs “ultimately” have to be backed by a government, and that a government will not greenlight such a financial instruments unless it knew the funds were not being used for illicit activities.Following some widely publicized rejections of BTC ETF applications by the U.S. SEC, the CEO of crypto payment startup Abra Bill Barhydt suggested that the reason the SEC has insofar denied crypto ETFs is because the crypto industry does not fit the applicant archetype. In particular, the SEC has rejected crypto ETF applications because “people who are doing the applications don't fit mold of who the SEC is used to approving."In August, the SEC temporarily rejected nine applications to list and trade various BTC ETFs from three companies, including ProShares, Direxion, and GraniteShares. The regulator previously denied the application for a BTC ETF by brothers Tyler and Cameron Winklevoss. The SEC then justified its rejection by saying that “the record before the Commission does not support such a conclusion.”

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