Australian regulators bust unlicensed blockchain mining companies

Approximately 1000 Australian investors have lost over 160 million Australian dollars ($104 million) following the insolvency of three cryptocurrency mining firms, NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd (referred to as “NGS companies” collectively). Based on a report from April 12, the Australian Securities and Investments Commission (ASIC) initiated civil … Read more

Crypto on-ramps and off-ramps, explained

What are crypto on-ramps? Crypto on-ramps act as gateways for individuals and businesses into the crypto ecosystem.  Crypto on-ramps function as connections between conventional financial markets and the world of digital currencies. They serve as access points for newcomers, including individuals and businesses, who wish to explore the digital currency landscape. By facilitating the exchange … Read more

UK watchdog worries about tech giants’ AI market control

The UK’s Competition and Markets Authority (CMA) has raised worries about Big Tech’s growing influence in the cutting-edge artificial intelligence (AI) industry. According to CMA CEO Sarah Cardell, there are genuine reasons for concern regarding the sector’s progression. In a recent paper published on April 11, the Computing Community Consortium (CMA) pointed out the growing … Read more

Fraud victims want China to recover $4.3B worth of Bitcoin seized by UK police

People who have fallen victim to a Bitcoin scam orchestrated through a Chinese electronics firm are seeking assistance from the British government to retrieve approximately 4.3 billion dollars’ worth of Bitcoin that was purchased with their funds. The organization speaking for those swindled submitted a letter to China’s foreign ministry, believed to be a plea … Read more