Crypto News Australia provides you with the most relevant bitcoin, cryptocurrency & blockchain news.
Let’s have a laugh at this week’s topical memes.
Tune in next Friday for more meme mayhem!
Let’s have a laugh at this week’s topical memes.
Tune in next Friday for more meme mayhem!
Australian crypto traders made A$10k in profit on average in the past 12 months, leaving some looking for ways to spend their crypto, especially with the tax man looming.
A new way to spend your crypto in Australia is via Bitrefill, which provides services to allow you to spend your crypto at popular outlets nationwide.
Bitrefill has seen tremendous growth in the Australian market over the last 12 months. From 2021 Q1 to Q3 we’ve seen Australia sales more than double. The product range also continues to grow with more and more gift cards being added every week.
Chris Pavlesic, Bitrefill Australian ambassador
Spending your crypto is simple with Bitrefill. Just buy a gift voucher with your crypto, which can be instantly redeemed online, or use the Bitrefill mobile app for payment on the go. Optionally, create a free Bitrefill account and get cashback rewards in Bitcoin satoshis when you purchase.
Use your crypto to buy food from Coles as you do your weekly shopping, or order a takeaway from Uber Eats. View all food options.
Wash down your food with some Bitcoin-bought drinks. View all drink options.
Buy some new clothes using your crypto wallet. View all retail options.
Rent a movie, buy a computer game, go fishing or book an adventure with your crypto. View all entertainment options.
Pay for your Uber ride using Bitcoin, or book your next hotel or flight using your crypto wallet. View all travel options.
Purchase your next mobile phone recharge with your crypto wallet. View all phone options.
Bitrefill is a website where you can buy gift cards, vouchers and phone recharges in Australia and more than 170 countries worldwide. It offers services to help you live off your crypto by buying gift vouchers and redeeming them instantly using your mobile phone as payment.
For more information, please read our Bitrefill review.
Or try it for yourself and create your free Bitrefill account.
Australian cryptocurrency exchange Swyftx has rolled out a new app to support increased demand among Australians for ‘on the go’ crypto trading.
Swyftx is Australia’s second-largest exchange by trading volume, with up to A$3 billion a month traded across its platform. It is also the country’s top-rated cryptocurrency exchange.
The new app has been designed to provide a cleaner interface and includes features such as automated portfolio tracking so that customers can easily track the performance of their assets.
Key upgrades:
Chief Marketing Officer Chris Vanek said: “A lot of cryptocurrency users now want to trade and track the performance of their assets on the go. So the app experience is incredibly important.
We’ve put a lot of focus into streamlining the app’s trading interface for all our customers, as well as its performance across areas like portfolio tracking. We believe the end result is one of the best trading experiences available on the Australian market.
Chris Vanek, Swyftx CMO
Vanek said a significant proportion of Swyftx customer trading activity was conducted over mobile, with download volumes of the company’s old app ahead of major financial institutions including ANZ, ING, CoinSpot, Suncorp, and Superhero on the Apple app store as at the end of October.
In this article we take a look at important crypto dates and events happening in November 2021.
The selected events include Hard Forks, Partnerships, Announcements, Rebranding, Exchange Listings, Releases, Token Swaps, Important Airdrops, Conferences and more.
| Date | Event | Notes |
| 1 Nov | eToro offers crypto staking in Australia | Australians can now earn staking rewards. |
| 1 Nov | Aussie Crypto Company Zipmex launches Zlaunch | ZLaunch – a platform that allows Zipmex users to stake the platform’s native token, Zipmex Token (ZMT). |
| 15 Nov | Live Trading Course | Learn how to trade cryptocurrencies with The Crypto Den. |
| Date | Coin | Event | Notes |
| 2 Nov | COTI (COTI) | Mainnet 2.0 Release | COTI’s Mainnet 2.0 will go live on November 2, 2021. |
| 2 Nov | Secret (SCRT) | Iconic NFT Auction | In a partnership with OpenSea, an auction of ICONIC secret NFTs is coming. The big reveal and sale will take place November 2. |
| 4 Nov | ICON (ICX) | Mainnet 2.0 Launch | On Nov 4, we expect voting for the proposal to be over and, hopefully, approved by P-Reps. |
| 8 Nov | Crypto.com (CRO) | Cronos Mainnet Launch | To ensure a safe launch, Mainnet date is moved to November 8. |
| 11 Nov | Polkadot (DOT) | Parachain Auction | Motion 118 consisting of 2 batch calls has been submitted to Polkadot Council to begin auctions on November 11, 2021. |
| 12 Nov | OMG Network (OMG) | BOBA Airdrop Snapshot | The $BOBA token will be airdropped to OMG token holders as of the snapshot date of November 12 on a 1:1 basis. The airdrop itself will occur one week after the snapshot date, on November 19. |
| 13 Nov | Saitamu Inu (SAITAMA) | Saitamask Wallet Launch | LLC will live-stream a star-studded event to launch the Saitamask Wallet on November 13 at the MGM Grand in Las Vegas. |
| 15 Nov | Bitcoin (BTC) | Taproot Activation | When Bitcoin reaches a specified “block height” (Bitcoin block 709,632), Taproot will activate. |
| 16 Nov | WAX (WAXP) | Hot Wheels NFTs | Hot Wheels NFT Garage Series I drops November 16. |
| 22 Nov | Harmony (ONE) | Trustless Ethereum Bridge | No additional information. |
| 27 Nov | Stacks (STX) | Alex Mainnet | ALEX, the first one-stop DeFi services platform on Bitcoin via Stacks, launches its mainnet. |
| 30 Nov | MultiVAC (MTV) | Smart Contract Launch | MultiVAC launches smart contracts. |
| Date | Event | Location | Notes |
| 2 Nov | Melbourne Cup Zed.run | Online | Old and new worlds converge with digital horse racing platform ZED RUN. |
| 3 Nov | Polkadot Parachain Launch | In Person, Sydney | In-person events are back for Blockchain Sydney. |
| 4 Nov | Introduction to Bitcoin Lightning | In Person, Brisbane | In-person event in Brisbane. |
| 6 Nov | 3rd Global Bitcoin Meetup | Online | This global meetup brings together five communities to exchange knowledge and ideas. |
| 10 Nov | Bitcoin & Beyond | Online | Bitcoin & Beyond is a one-day virtual event focusing on the most complex and pertinent issues facing the crypto industry today. |
| 16 – 18 Nov | Adopting Bitcoin | In Person, El Salvador | A Lightning Summit in El Salvador. |
| 17 – 18 Nov | GeckoCon – NFTS Gone Wild | Online | The inaugural GeckoCon – NFTs Gone Wild brings together key minds and voices of the NFT space to enlighten enthusiasts on the now and future of all things non-fungible. |
| 22 – 23 Nov | Encrypted Verde Dubai 2021 | In person and Online | A once-in-a-lifetime opportunity to meet UAE government officials and policymakers, investors, startups, pioneers, and highly influential leaders – all these under one roof with 300+ in-person and 1k+ virtual attendees. |
ACCOINTING.com.com, a leading crypto tax and portfolio tracking platform, is the perfect solution for filing your Australian Crypto Tax Report. The Australian Tax Office (ATO) has created clear guidelines to help people file their cryptocurrency taxes each year.
ACCOINTING.com makes it easy to file your crypto taxes in full compliance with the ATO by allowing you to import over 300 of the most used exchanges and wallets to then process all of the transactions you have made during the year. With the help of ACCOINTING.com, you will be able to enter your entire year of cryptocurrency activity into the system and find out whether you have gained or lost money in total, and how much in taxes you may owe or are able to tax-loss harvest in the event of an overall loss.
Crypto tax software like ACCOINTING.com makes the process easy to handle for anyone, regardless of their crypto tax knowledge. When a capital gain or loss is made from cryptocurrency, it is calculated by taking the market value of the cryptocurrency in Australian Dollars at the time of disposal. Whether you are an investor or active trader, ACCOINTING.com has the tools to help you process a fully compliant tax return for the Australian Tax Office. Investors from Australia benefit from a long-term 50% capital gains discount on their taxes if they hold their cryptocurrency for over 12 months without making any buys or sells on what they were holding.
ACCOINTING.com’s robust crypto tax software can efficiently calculate all capital gains tax and income tax to then report to the ATO each year. Without using a software like ACCOINTING.com to do your crypto taxes, the process would be increasingly difficult with each extra exchange, wallet, trade, and other activity that is needed to be accounted for on the tax report.
Regardless whether you use cryptocurrency as an investment, receive staking rewards and airdrops, or use crypto for personal use, ACCOINTING.com is a great option to handle all of your crypto tax needs. There are a wide range of scenarios when dealing with cryptocurrency when it comes to classifying whether a transaction, deposit, withdrawal, or sale is categorised as a taxable event.
Handling a mixed basket of cryptocurrency transaction scenarios is one of ACCOINTING.com’s many specialties. Those people who actively buy, trade, earn airdrops, mine cryptocurrency, earn staking rewards and more can easily input their transaction data into the ACCOINTING.com system to find out which actions they made that were taxable or tax free.
This information is crucial when submitting an accurate tax report to the ATO in relation to crypto activity each year. In addition, users who sell, swap, use crypto as payment, for gambling, gifts, interest paid, lost funds, and more can use ACCOINTING.com to get accurate and efficient advice on what needs to be reported as taxed and what can be used to save money from harvesting potential losses.
Let’s have a laugh at this week’s topical memes.
Tune in next Friday for more meme mayhem!
ZLaunch: A Token Reward Program for Zipmex Users and Launchpad for Token Creators.
Zipmex, Southeast Asia’s fastest-growing digital assets platform, is bringing further innovations to the crypto space with the release of ZLaunch – a platform that allows Zipmex users to stake the platform’s native token, Zipmex Token (ZMT), and in return, receive token rewards from participating ZLaunch token projects.
The first token project on ZLaunch is Sydney-based company Yieldly (YLDY), the world’s first and largest DeFi (decentralised finance) protocol built on the Algorand blockchain. Yieldly currently features 3 innovative products on Algorand: No-Loss Prize Games (ALGO and NFT rewards), Multi-asset Staking Pools, and Cross-chain Bridges.
ZLaunch connects Zipmex users to new token projects where they can receive new tokens as a reward for “staking” ZMT, or as Zipmex calls it – “locking” ZMT. While ZLaunch offers users the opportunity to receive token rewards over a flexible period of time, the platform also aims to further develop the digital asset ecosystem across APAC by boosting the visibility of participating projects and helping them acquire a large initial user base in the region.
ZLaunch is a platform that will reward participants in this program and provide the opportunity to use ZMT to receive new tokens. In addition, ZLaunch enables token projects to gain exposure and grow their initial user base. We look forward to working closely with projects to help market their project and to support the progress of their token through ZLaunch
Marcus Lim, CEO and Co-Founder, Zipmex
This new product launch marks a key milestone on the ZMT Roadmap and makes Zipmex one of the first regulated digital assets platforms in Australia and Southeast Asia to launch such an innovative token reward program.
Zipmex is one of Asia-Pacific’s fastest-growing digital asset platforms and enables anyone with an internet connection to invest in a growing number of digital assets with its easy, safe, and secure platform.
Zipmex offers innovative, industry-leading products to nearly 1 million clients with over US$4 billion traded to date. Its mission is to give the next billion users access to new ways of building wealth. To enable its clients to do this, Zipmex continuously launches market-leading products such as ZipLock and ZipUp in addition to its crypto trading platform.
Zipmex targets clients and investors and constantly expands its network of individual, retail, and institutional clients and partners. By educating and exciting people about the possibilities of building digital wealth, Zipmex is well-positioned to lead the crypto boom for the next generation of digital wealth builders.
SYDNEY, AUSTRALIA: 26 October, 2021 – Global multi-asset investment platform eToro today announced that it has strengthened its crypto offerings for Australian customers, adding more than 15 new cryptoassets to the platform. Australian users will also now be able to earn staking rewards.
With 36 cryptoassets now available on the platform, Australian investors have even more opportunities to diversify their portfolios. The 15 new cryptos available to Australian users are: Solana (SOL), Cosmos (ATOM), The Graph (GRT), Curve (CRV), 1inch (1INCH), Maker (MKR), Enjin (ENJ), Shiba Inu (SHIB), Dogecoin (DOGE), Filecoin (FIL), Aave (AAVE), Compound (COMP), yearn.finance (YFI), Decentraland (MANA) and Polkadot (DOT).
Australian users opening cryptoasset positions on eToro can now purchase the underlying asset.
From November 1, Australian users will also be able to earn monthly staking rewards and enjoy simple, secure and hassle-free growth on their Cardano (ADA) and TRON (TRX) investments, through eToro’s dedicated staking service. Assets staked on behalf of users are real cryptoassets (not CFDs) and the underlying asset remains the property of the eToro user.
eToro will shortly enable coin transfer from the eToro platform to the eToro Wallet. Further details of this product enhancement will be shared in the coming weeks.
eToro has been a pioneer in the crypto markets and we are excited to observe more Australians dipping their toes into this emerging asset class.
Robert Francis – eToro’s Australian Managing Director
“The crypto ecosystem is expanding with the emergence of new altcoins and as a result we are seeing Australian investors looking at crypto beyond a store of value, instead using it as a way to diversify their portfolios beyond traditional assets like stocks, in order to hedge against risks such as inflation.
“As we continue to strengthen our crypto offering Down Under, we urge investors to keep in mind that crypto is a highly volatile asset class. Investors should remember the basic tenets of investing: diversify, understand what you are investing in and never invest more than you can afford to lose,” concluded Robert Francis.
With over 23 million registered users globally, eToro allows customers to easily buy, hold and sell a range of different financial assets, including crypto.
eToro is a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors. eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. Today, eToro is a global community of more than 23 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.
Yep, that’s right, crypto is mainstreaming, and if you’re not on board yet, this is the perfect opportunity to give it a shot (and get fed while you’re at it).
Well-known Aussie hospitality entrepreneur Jem Jacinto was an early adopter of the Australian crypto exchange Zipmex, the fastest-growing, regulated crypto exchange in Australia and South East Asia.
This is the first of many collaborations planned with Australian businesses. With four million+ Aussies already embracing cryptocurrencies and blockchain technology, we’re helping all types of companies get access to crypto by simplifying the payment process for them.
Nathan Halliday, Australian Country Manager, Zipmex
Zipmex and Jacinto have teamed up in an Australian first to give new Zipmex users $20 worth of ZMT (Zipmex’s digital coin) to spend at Finn Poké, Daily Greens, or Two Yolks until December 31, 2021. The entire crypto transaction happens in a nanosecond. Customers scan a QR code to send crypto (in this case, ZMT) to the retailer, who gets paid without incurring any merchant fees – it’s a win/win.
Jacinto recognises crypto’s ability to transform the finance industry, and Zipmex seeks to help grow and enrich the community with crypto; equally, Zipmex feels it’s essential to support homegrown businesses. So this dynamic partnership is a match made in food-god heaven.
Zipmex is one of Asia-Pacific’s fastest-growing digital asset platforms and the only one to be licensed in Thailand which operates under regulatory supervision in Indonesia and Australia and under a current notified regulatory exemption in Singapore. Zipmex enables anyone with an internet connection to invest in a growing number of digital assets with its easy, safe, and secure platform.