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The Australian Securities and Investments Commission (ASIC) initiated civil proceedings last year against Bit Trade, which operates the Kraken exchange in Australia, for failing to comply with rules for its margin trading product. ASIC said that Bit Trade failed to determine the right customers for the margin trading product, resulting in losses of more than $5 million.

The motion calls for the integration of bitcoin into Vancouver's financial strategies, including establishing a bitcoin reserve.

Trump’s crypto strategy could turn the government from a skeptic to a major Bitcoin holder.

(Bloomberg) -- Bitcoin traded around the $100,000 level, supported by further signs that proponents of the cryptocurrency sector will help to shape US financial regulations under President-elect Donald Trump.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamIn the latest development, Brian Qu

(Bloomberg) -- Brian Quintenz has emerged as a top contender to lead the Commodity Futures Trading Commission on what could be a dramatic shift in crypto regulation under President-elect Donald Trump.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersHong Kong's Expat Party Hub Reshaped by Chinese InfluxAmerican Institute of Architects CEO ResignsCity Hall Is HiringCloud Computing Tax Threatens Chicago’s Silicon Valley DreamQuintenz, a former Republican CFTC commissi

Market-boosting catalysts, from the introduction of spot exchange-traded funds (ETFs) to a presidential election that delivered a crypto-friendly administration to the White House, seemed to occur every few weeks. Shiba Inu (CRYPTO: SHIB), a meme crypto whose developers are pushing hard for respectability, advanced by just under 9%, while Bitcoin (CRYPTO: BTC) fork Bitcoin Cash (CRYPTO: BCH) was trading nearly 6% higher. Speaking of Bitcoin, the leading cryptocurrency was at the heart of this latest rally.

Unconventional investors thrive in crypto, proving success isn’t bound by traditional financial expertise.