Tag: ASIC

Australia Mandates Financial Services Licenses for Crypto Firms Under New ASIC Regulations

coiner

The Australian Securities and Investments Commission (ASIC) has announced new legislation requiring cryptocurrency exchanges to obtain financial services licenses. This expansion of the Corporations Act aims to provide clearer oversight of the crypto sector, ensuring that widely traded crypto assets, such as bitcoin, are appropriately regulated. The new regulations are set to be implemented by […] Source link

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MicroBT Brings ASIC Manufacturing To America In Partnership With Riot Platforms

coiner

Riot Platforms, the largest public U.S. Bitcoin mining company in terms of developed capacity, has made a groundbreaking announcement regarding a partnership with Bitcoin ASIC manufacturer, MicroBT. The two major bitcoin companies will bring the production of MicroBT’s ASICs to America. The collaboration aims to secure miners for Riot’s Corsicana facility, significantly boosting the company’s mining capabilities. According to a press release shared with Bitcoin Magazine, this development comes as Riot’s Corsicana facility is set to increase the company’s developed capacity to 1.6 GW. “This agreement directly repudiates every major…

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