Crypto News Australia
79 FOLLOWERS
Crypto News Australia is an online Magazine that brings you all the latest news on Crypto Currencies and Blockchain Technology. The mission is to inform & educate readers so they have the knowledge to better understand the crypto space.
Crypto News Australia
8h ago
Crypto analyst Miles Deutscher has provided some straightforward but important principles for working through market corrections.
His strategies can be boiled down to avoiding emotional trading (particularly fear and greed), sticking to your plan and taking profits consistently.
Deutscher also believes that AI and memecoin-based altcoins will lead the next bull run looking further into 2024.
As the Bitcoin halving looms, the market hasn’t exactly performed as positively as many would like. After a terrific start to 2024, with BTC landing a new all-time high and several altcoins seeing fren ..read more
Crypto News Australia
22h ago
Chainlink’s Chief Scientist Ari Juels believes that blockchain technology is advancing at a rapid rate and providing unique tools to the financial sector that can revolutionise the industry.
However, Juels is concerned about modern artificial intelligence-driven narratives that he believes may be damaging the integration of the two industries.
Juels argues that several use cases that have been suggested for AI in distributed ledgers are actually at odds with one another.
On the other hand, Juels’ interview touts flash loans as an example of smart contracts providing long-lasting solutions to ..read more
Crypto News Australia
1d ago
An unknown address transferred 5,659 BTC worth $363 million, hinting at a potential large sale amidst Bitcoin’s steady downtrend.
Market reactions are mixed, with some viewing the transfer as bullish, expecting it to attract buyers or signal upcoming positive developments.
Despite recent volatility and price drops, key stakeholders have not sold off their holdings, especially with the upcoming April 19th halving.
Whale Alert has just reported an unknown address has moved 5,659 Bitcoin (US$363,484,725 or AU$566,608,789), which could indicate a massive sale of BTC is on the cards.
5,659 ..read more
Crypto News Australia
1d ago
Real estate venture Homium has raised millions to create a new tokenised product leveraging the Avalanche blockchain.
Homium allows customers to draw equity from their properties and trade them like any other asset, giving both investors and homeowners something to look forward to.
Avalanche was selected as the network for this purpose due to its fast transaction speeds and low costs.
Tokenisation has taken the wheel over the past couple weeks, with Chainlink and BlackRock making significant strides in this area. Turning real-world assets into valuable digital assets that can be traded onl ..read more
Crypto News Australia
2d ago
February’s Solana outage led to concerns about network maturity and diversity, spurring a significant update in April.
The v1.17.31 update, tested and rolled out to all validators, introduces technical enhancements to prevent future congestion.
Despite earlier issues, Solana earned ‘Best Blockchain of 2024’ for its high usage, speed, and low fees, underscored by the recent memecoin trend.
An outage on the Solana blockchain in February raised questions about the diversity of the network and its beta status. The outage, which lasted over five hours, sparked community backlash, with some ques ..read more
Crypto News Australia
2d ago
Willy Woo forecasts a potential Bitcoin peak of US$650k, though not in this cycle, citing ongoing capital deployment constraints.
Asset managers advised to allocate 2% to Bitcoin could drive its market cap beyond gold’s, depending on ETF participation.
Bitcoin’s growth to US$650k hinges on full investment from ETFs and the recommended US$2 trillion allocation by asset managers.
Where is the top going to be for Bitcoin in the current bull market? While most digital assets have been tumbling, with Bitcoin falling 11% in the past week – the largest correction it has seen in a while – some don ..read more
Crypto News Australia
2d ago
A Bitcoin wallet dormant since 2010 has suddenly become active, transferring 50 BTC, currently worth around US$3 million, to Coinbase.
The transfer likely means the owner intends to sell their Bitcoin in the near future, possibly signalling a coming increase in seller activity.
A Bitcoin wallet that’s been inactive since 2010 has woken up and it could be bad news for Bitcoin’s price action. Fifty BTC, valued at around US$3 million (AU$4.7 million), were transferred to the centralised crypto exchange Coinbase, potentially indicating the wallet’s owner intends to sell their Bitcoin in the ne ..read more
Crypto News Australia
2d ago
Joe Longo, ASIC chair, warns of high-risk crypto activities and potential fraud while asserting ASIC’s role in market regulation.
ASIC has taken legal action against NGS companies for unlicensed financial services, reflecting ongoing regulatory efforts.
Despite crypto’s partial regulation, Longo emphasises the need for comprehensive law reform to address digital assets.
Australian Securities and Investment Commission (ASIC) chair Joe Longo is ‘very concerned’ about high-risk activity and the next big fraud event in crypto.
Speaking to Sky News over the weekend, Mr. Longo said:
There’s a ..read more
Crypto News Australia
2d ago
Hong Kong approves initial Spot Bitcoin and Ethereum ETFs, aiming to re-establish itself as a major financial hub.
These ETFs will allow in-kind creation and redemption, enhancing cost-efficiency and liquidity, setting them apart from US counterparts.
The launch might not be accessible to mainland China but could influence regional crypto policies and interest.
Hong Kong regulators have given initial Spot Bitcoin and Ethereum exchange-traded funds (ETFs) the nod of approval, according to asset managers.
Although Hong Kong’s Securities and Futures Commission (SFC) has yet to officially make ..read more
Crypto News Australia
2d ago
A closely followed crypto strategist thinks that Bitcoin (BTC) is positioned to surge to new all-time highs following last week’s drop to around $60,000.
Pseudonymous analyst Kaleo tells his 634,700 followers on the social media platform X that Bitcoin appears to be mirroring its December 2023 to January 2024 price action – when the market anticipated the approval of spot BTC exchange-traded funds (ETFs).
According to the trader, he sees Bitcoin rallying to new record highs around the halving when BTC miners’ rewards are slashed in half. However, he predicts that BTC will see a deep correction ..read more