RT This Week in Startups (@twistartups)How did @krakenfx grow and thrive in crypto's Wild Wild West frontier era?Find out in this exclusive TWiST Flashback: https://t.co/tFN23y57p1 ...

Core Points - Australia is proposing new legislation that would impose penalties of up to 10% of annual turnover for digital asset platforms that breach the new rules [1] - The draft legislation requires exchanges and operators to obtain an Australian Financial Services Licence, with penalties including A$16.5 million (US$10.9 million), three times the benefit gained, or 10% of annual turnover for dishonest conduct [1][3] - The consultation period for the draft law is open until October 24, aiming to regulate a sector that includes major players like Coinbase and Kraken [3] Regulatory Framework - The new rules will extend the Corporations Act to digital asset platforms, enhancing consumer protections and formal licensing requirements [5] - Smaller platforms holding less than A$5,000 per customer and processing under A$10 million in annual transactions will be exempt from the full regulatory burden [5] - The Australian Taxation Office (ATO) already has the authority to impose fines up to three times the amount evaded for serious breaches [2][3] Industry Impact - The proposed regulations reflect a balancing act by policymakers to protect investors while fostering innovation in the digital asset space [6] - Australia's financial regulators have expressed concerns over the risks associated with increasing retail investment in cryptocurrencies [4] - Recent actions by AUSTRAC, including requiring Binance's local arm to appoint an external auditor, highlight ongoing scrutiny of the industry [4] Additional Measures - The Australian Securities and Investments Commission has granted class relief to intermediaries distributing stablecoins from licensed AFS providers until June 2028, allowing them to operate without separate market, clearing, and settlement licenses [7]

Many whales are accumulating $ETH!In the past 6 hours, 10 wallets have received 210,452 $ETH($862.85M) from Kraken, Galaxy Digital OTC, BitGo, and FalconX. https://t.co/JxQOBV9g7Y ...

Whale 0xe732 withdrew 22,100 $ETH($91.6M) from #Kraken in the past 2 hours.https://t.co/8F8jvvTUfv https://t.co/aqTDj53wMG ...

Core Points - The SEC and CFTC are hosting a joint roundtable on regulatory harmonization for digital assets, highlighting the importance of collaboration between traditional finance and crypto firms [1][2][6] - The event will feature three panels discussing the coordination between the SEC and CFTC, focusing on trading platforms, market participants, and digital asset services [2][3] Panel Discussions - The first panel will cover the history of SEC-CFTC cooperation, featuring industry experts from organizations like SIFMA and Interactive Brokers [3] - The second panel, expected to attract significant attention, will focus on trading platforms and include leaders from both Wall Street and the crypto sector [3][4] - The final panel will discuss the benefits of harmonized rules for investors, featuring representatives from major firms like Crypto.com, Citadel, and Robinhood [5] Regulatory Implications - The inclusion of both crypto platforms and traditional financial institutions in the discussions indicates a significant shift in the regulatory landscape [4][7] - The agenda reflects a growing momentum for aligning the regulatory approaches of the SEC and CFTC, which could impact exchanges, custody providers, and stablecoin issuers in the U.S. [6]

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Gold, M2 Money Supply and the correlation to Bitcoin is uncanny. It seems like there is a slowdown but not really. Also we talk about a poor guy who got scammed out of all his cancer treatment funding and how he got it all back. Real Estate Conference - https://go.eventraptor.com/summit/wealth-20-summit-2510/robbiewolff ●▬▬▬▬▬▬CRYPTO CRITICAL VIDEOS▬▬▬▬▬▬▬● 1. THE 5 RULES - https://youtu.be/iNBiZ5Bo__U 2. AVOID ALL SCAMS. SOURCE IT - https://youtube.com/live/m77Oxmh70Zc 3. DON'T FALL FOR A.I. SCAMS! - https ...

How Bitcoin's been moving the past few weeks 💀 https://t.co/FfP9FOTLDT ...

RT Bas (@247bas)Just bought Dash at Kraken, set-up my @unstoppablebyhs wallet and withdrawn my Dash from Kraken to my Unstoppable wallet. @Dashpay Enjoying the user interface so far. Very easy to do. My keys my money. Works like a charm. Self-custody ftw! https://t.co/k4qad70XyE ...

@ethena_labs Learn more 👇https://t.co/PqL5WjrTWv ...