Binance Australia hit with multimillion-dollar penalty after retail investor losses

Binance Australia Derivatives, operated by Oztures Trading, has been fined $6.9 million after a court found it incorrectly classified over 85% of its clients as wholesale investors between July 2022 and April 2023, according to a Friday press release published by the Australian Securities and Investments Commission (ASIC). The misclassification exposed 524 retail investors to…

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Your Vape Wants to Know How Old You Are

Based on testing, the companies behind Ike Tech claim this process has a 100 percent success rate in age verification, more or less calling the tech infallible. “The FDA told us it’s the holy grail technology they were looking for,” Wang says. “That’s word-for-word what they said when we met with them.” The FDA did…

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UK Sanctions $20B Crypto Marketplace Linked to Scam Hubs

Goods offered on Xinbi included stolen personal data, money laundering tools, and satellite equipment to contact fraud victims. Britain’s Foreign, Commonwealth and Development Office (FCDO) has sanctioned the Chinese-language crypto marketplace Xinbi, which blockchain analytics firm Chainalysis says processed nearly $20 billion in volume between 2021 and 2025. The designation means that the UK…

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Bitcoin ETFs Cap Week With $225 Million Outflow as Ether Hits 8-Day Slide – Markets and Prices Bitcoin News

Bitcoin, Ether ETFs Deepen Losses as Weekly Selling Peaks The week did not end quietly. Instead, it closed with conviction, and not the kind bulls would have hoped for. Bitcoin ETFs recorded a steep $225.48 million in net outflows, marking one of the largest single-day withdrawals of the week. The selling was concentrated, but decisive….

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Is Ethereum ready to bounce as 466K ETH hits whale wallets?

Ethereum (ETH) is drawing fresh market attention as stablecoin activity, whale accumulation, and derivatives data point in different directions.  Summary Whales added 466,500 ETH to accumulation addresses as Ethereum traded near $2,000 during the pullback. Coinbase said stablecoin balances and tokenized asset values on Ethereum moved back toward record highs. Record leverage in Ethereum futures…

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Sam Altman’s World sells 239 million WLD through OTC deals with partial lockup

World Foundation, the non-profit entity behind the biometric identity verification protocol formerly known as Worldcoin, disclosed today that its subsidiary completed the sale of around $65 million in WLD tokens through a series of over-the-counter deals with four counterparties over the past week. Based on the disclosed average price, World Assets, Ltd., the unit responsible…

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Federal Judge Blocks Pentagon From Labeling Anthropic a National Security Threat – Bitcoin News

Court Halts Trump Administration’s Ban on Anthropic’s Claude AI for Federal Agencies U.S. District Judge Rita F. Lin issued the preliminary injunction on March 26, finding that the government’s actions against Anthropic likely violated the First Amendment, denied the company due process, and exceeded statutory authority under the Administrative Procedure Act. The ruling is stayed…

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