ASIC originally filed suit in 2022, alleging the company provided unlicensed financial services by offering these products without the necessary Australian Financial Services Licence (AFSL). On 9 February 2024, the Federal Court ruled that Block Earner’s “Earner” product constituted a financial product and had been offered without a license.
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The latest purchase brings the company’s total Bitcoin holdings to 6,796 BTC, currently valued at over $706 million. This trend reflects a broader institutional interest in Bitcoin. During the first quarter of the year, publicly listed firms collectively grew their Bitcoin holdings by 16.1%, indicating continued confidence in the asset despite persistent market volatility. s
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🕹️ Come play games in the Farcade!
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