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ICO Seeking to Raise $50 Million Halted by Australian Securities Watchdog

by | Oct 22, 2018

Following an intervention by the Australia Securities Investment Commission (ASIC), Brisbane based project Global Tech Exchange announced on its website today that they have had to cease their token sale.

Global Tech Exchange had aimed to raise between 10 and 50 million $USD to kickstart the creation of their crypto trading platform. The token sale began on 12th September and was planning to run until 10th December. Right now it’s unclear how much the company had raised to date, but what is clear is that they have been forced by ASIC to issue refunds to investors.

Michael Clarke, a Cricket celeb in Australia, had originally endorsed the company and announced his involvement in the project back on August 8th, but has been distanced by Global Tech in their statement issued today.

AsicBoost Activated in Bitmain’s New Bitcoin Miner

Bitmain, the giants of Bitcoin mining hardware, have officially released a software update to it's Antminer s9 range, allowing its users to mine Bitcoin in a more efficient manner. Their newly released firmware update will engage "overt AsicBoost" bringing a...

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