Crypto News Australia provides you with the most relevant bitcoin, cryptocurrency & blockchain news.
Let’s have a laugh at this week’s topical memes.
Ever get those hidden messages when you’re watching TV?
You don’t get it … You never need to sell, Susan!
Anyone getting paid in BTC?
Anyone else get a Lambo?
Just when you thought you were rich …
Tune in next Friday for more meme mayhem!
As per the official Binance announcement, as of October 19, 2021, all Binance accounts new and existing will need to complete KYC (Know Your Customer).
Existing users who have not completed Intermediate Verification will have their account permissions changed to “Withdraw Only” at 00:00 AM on October 19, 2021 (UTC). “Withdraw Only” users will have services limited to withdrawal, order cancellation, position close, and redemption. Existing users will be informed directly with more details.
Quick links:
Previously Binance allowed new users with an unlimited crypto deposit, trading and 2 BTC withdrawal daily limit.
It is assumed that with the new rules, the Intermediate requirements will become the Basic, but this is yet to be confirmed.
This is an independent review of the Elbaite cryptocurrency exchange owned and operated within Australia.
Elbaite is an Australian owned and operated non-custodial exchange, the first of its kind to be registered with AUSTRAC.
The project’s aim is provide a non-custodial exchange as a platform for users to trade securely from their own private wallets, without the worry of exchange hacks and stolen funds.
Elbaite is one of the first non-custodial peer-to-peer (P2P) crypto exchanges that doesn’t hold your crypto, but simply facilitates trades and transfers between buyer and seller. Combining fiat escrow with blockchain verification allows for direct P2P secure trading.
The name “elbaite” comes from the only gemstone found in every colour of the spectrum.
A buy order for BTC was unable to be processed as the lowest price people were selling for was A$2,000 higher than the actual spot price. After talking with Elbaite, it is working on the spreads to improve liquidity.
See prerequisites above to create your account.
Once you’ve created your offer, you will receive an email when someone buys it. You’ll then get a second email when they have paid, giving you the green light to transfer the crypto to them.
Send the bitcoin to the destination wallet address and enter the transaction hash so the system can verify it.
After the Bitcoin blockchain transaction has been completed (approximately 20 minutes / time can vary), you’ll receive an email saying the cash has been processed to your bank account.
Elibaite’s founder and CEO Mortaza Tollo is based in Melbourne. He has a background as an accountant and product manager, and holds a Master of Business (MBA). Rod Tasker is providing strong advisory experience to the project with regards to payments and financial services, acting as a non-executive director and mentor. Samira Tollo (co-founder) is the CTO, also based in Melbourne with a background as an electrical engineer and experience in previous cryptocurrency projects.
Elbaite is one of the few established non-custodial cryptocurrency exchanges operating in Australia. It provides an option to buy and sell crypto without the need of an exchange that holds your crypto, and without the need to organise an escrow of your own between two parties for the exchange.
With an increase in the number of hacks we have seen worldwide and in Australia, there could be a high demand in the future for a service that can facilitate Peer-to-Peer buying and selling of cryptocurrencies.
Disclaimer: Please note that this is a paid review, and an honest review from the Crypto News Team. Last updated August 2021.
The emergence of new cryptocurrency markets (such as Stablecoins and DeFi tokens) opens new opportunities to earn interest on your cryptos by participating in something called “Crypto Staking.”
We have listed the 11 best crypto staking platforms in Australia based on a number of factors. This includes staking rates, eligible cryptocurrencies, ease-of-use and additional benefits.
Crypto staking refers to locking up your coins or tokens in a blockchain network in order to earn a reward. This reward can be accumulated, withdrawn or traded. In that sense, staking is a method of passively earning income on top of your digital assets, much like a crypto savings account.
Staking is vital to minting new cryptocurrency and helps validate transactions on the network. This process is known as a Proof-of-Stake (PoS) consensus mechanism and without it, many cryptocurrencies would simply stop working. Because of this, stakers can earn interest as well as ensure the long-term health of their investment and its associated blockchain.
Staking can sometimes be more profitable than crypto mining or trading, although it does come with its own unique risks, which we will cover in this article.
| Risks of staking cryptos | Pros of staking cryptos |
| Price volatility – the underlying crypto asset could drop significantly in dollar price | High interest returns compared to the banks |
| Not your keys, not your crypto – if you store your crypto with a third-party they control your crypto | Some pay interest daily |
| Failing projects – new DeFi coins offering high yields could collapse and leave you with nothing | Some have flexible staking, allowing you to withdraw at any time |
| Hacks – your custody provider could get hacked and you lose your coins | It is now possible to stake your coins using your hardware wallet |
| Eligible coins | ETH, BTC, ATOM, SOL, DOT, 15+ More |
| Fees | No Fee |
| Rates from | Up to 101% APY |
| Earn yield on stablecoins? | Yes |
| Payout frequency | Daily |
Australian-based crypto exchange Swyftx lets users earn interest on some of the top crypto assets to give cryptocurrency holders passive income while they show off their diamond hands. The Swyftx Earn feature, formerly known as Staking, has over 20+ crypto assets that users can earn interest on.
They offer Earn on the most popular coins including ETH, BTC, ADA, SOL, ATOM, DOT, ALGO, KAVA and other DeFi markets.
There are no fees associated with Swyftx’s Earn feature, and the minimum spend is AU$1 with no maximum currently.
Swyftx users can earn up to 101% APY which is paid out daily. Swyftx is our top pick for earning interest on your crypto.
| Eligible coins | ZMT, BTC, ETH, USDC, USDT, SOL, LTC, XRP, ADA |
| Fees | Up to 0.2% trading fee |
| Rates from | 6% |
| Earn yield on stablecoins? | Yes |
| Payout frequency | Daily |
Zipmex is an established and regulated digital asset exchange with over 300,000 registered users across Australia, Singapore, Thailand and Indonesia.
You can earn daily interest on your digital assets such as BTC, ETH, LTC, USDC, USDT and more. Through ZipMex’s ZipUp+ offer, you can enjoy daily earnings of up to 7% on US dollar stablecoins and earn up to 10% on your crypto.
To earn even higher interest on your crypto holdings you can join the ZipMex ZipLock program and earn 14% interest on Zipmex Token ZMT and up to 11% interest on US stablecoins. The Zipmex ZMT token is an ERC-20 traded digital asset native to Zipmex, where users can enjoy multiple benefits such as trading fee discounts, higher interest rates on earnings, and much more.
All digital assets staked with Zipmex are insured with BitGo, which provides insurance of US$100M protection.
The Zipmex mobile app is available to download through the Google Play store and Apple store. Watch the video below on how to participate and benefit from investing with Zipmex.
| Eligible coins | ETH, BTC, CRO, USDC, AVAX, 35+ More |
| Fees | Up to 0.3% |
| Rates from | Up to 12% |
| Earn yield on stablecoins? | Yes |
| Payout frequency | Weekly |
Crypto.com Earn offers an extensive number of supported tokens and coins, with 40+ cryptocurrencies and stablecoins available on their crypto staking platform.
Through Crypto.com you can earn up to 14.5% on Polkadot (DOT); 14% p.a. on stablecoins including USD Coin (USDC), Tether (USDT), Dai, TrueUSD (TUSD), Paxo Standard (PAX); 8.5% p.a. on BTC and ETH; 6% p.a. on native token CRO, and 5% on many others including Litecoin (LTC), Cardano (ADA), Binance Coin (BNB), ChainLink (LINK), and even DogeCoin (DOGE) and Shiba Inu (SHIB).
Calculate your earnings by visiting crypto.com and find out what interest your crypto could be making.
| Eligible coins | ETH, BTC, LINK, SOL, AVAX, MATIC, AAVE |
| Fees | No Fee |
| Rates from | Up To 23% |
| Earn yield on stablecoins? | No |
| Payout frequency | Monthly |
Digital Surge recently launched a staking feature that allows users to earn staking rewards that can be added to their crypto portfolio and crypto SMSF.
Rewards are paid out on a daily and monthly basis, with no fees charged for opting in and out of staking. The staking process is simple with Digital Surge purchase any of their eligible crypto’s which include ADA, ATOM, DOT and 6+ more. Then add the purchased asset to your earn wallet.
Digital Surge users can gain up to 23% APY on their staked crypto.
| Eligible coins | ADA, DOT, SOL, AVAX, 10+ More |
| Fees | 0.1% trading fee |
| Rates from | Up to 75% |
| Earn yield on stablecoins? | Yes |
| Payout frequency | Daily |
Binance Staking is dedicated to increasing user staking income offering people earn rewards by just by having their coins held on the exchange. Binance offers a variety of ways to stake crypto.
Locked Staking: the process of holding funds in a crypto wallet to support the operations of a blockchain network.
DeFi Staking: DeFi (Decentralised Finance) is a way of providing financial services to users through smart contracts. Existing DeFi projects aim to provide higher annualised earnings for specific currencies.
The BNB Vault: As a BNB yield aggregator, BNB Vault will combine Flexible Savings, BNB DeFi Staking, and Launchpool to give you the best APY returns, up to 20%.
| Eligible coins | ETH, DOGE, USDC, XTZ, 40+ more |
| Fees | No Fees |
| Rates from | 8.05% APY |
| Earn yield on stablecoins? | Yes |
| Payout frequency | Daily |
Gemini Earn is a lending program through which you may choose to lend your crypto to certain institutional borrowers and earn interest on your crypto.
On the Gemini platform, customers can view their combined trading balance and earn balance, as well as the interest they’ve earned. You can receive up to 7.4% APY on your cryptocurrency, which compounds daily against your crypto (including held stablecoins).
To earn interest on your crypto with them, just open an account and purchase any amount of cryptocurrency, then opt-in to Gemini Earn program to start earning interest directly on your balance.
Unlike many staking competitors, with Gemini you can redeem and move your cryptocurrency back to your trading account (plus interest) at any time.
Watch the promo video for Gemini Earn:
| Eligible coins | ADA, ETH, ATOM, FLOW, KAVA, 10+ More |
| Fees | No Fees |
| Rates from | Up to 12% APY |
| Earn yield on stablecoins? | No |
| Payout frequency | Weekly |
Kraken Staking Coins offers staking to earn money on your crypto, just buy assets to fund your Kraken account and choose from the assets that are eligible for staking.
Kraken offers a wide range of cryptos for staking with a 20% return on KAVA, 12% returns for staking DOT and KSM, and 4-7% for ETH, SOL, ADA, ATOM and XTZ. Kraken also offers small annual percentage returns for others including BTC and USD.
Visit Kraken.com to see all of the cryptocurrency coins they offer for staking, or watch the video to learn more:
| Eligible coins | KAVA, MATIC, DOT, 19+ More |
| Fees | No Fee |
| Rates from | Up to 78% APY |
| Earn yield on stablecoins? | No |
| Payout frequency | Daily |
Coinspot is an Australian exchange that launched their staking feature in 2021. Coinspot users can currently stake 22 eligible assets, with more stakeable asset being added over time.
Some notable assets include ADA, AXS, AVAX and SOL. Coinspot’s staking feature offers up to 78% APY on certain cryptocurrencies.
Coinspot have also announced plans to transition their staking feature to Earn, to make more assets available.
| Eligible coins | BTC, ETH, ADA, SOL, +25 More |
| Fees | No Fees |
| Rates from | Up to 15% APY |
| Earn yield on stablecoins? | No |
| Payout frequency | Daily |
BlockFi have a BlockFi Interest Account (BIA) offers earnings of up to 7.5% APY on your cryptocurrency. BlockFi claims to be available in Australia, although we have had reports with account problems outside of the U.S.
The interest accrues daily and is paid monthly to your account as BlockFi aims to bridge the worlds of traditional finance and blockchain technology to bring financial empowerment to clients on a global scale.
| Eligible coins | AXS, RUNE, DOT, MATIC, 6+ More |
| Fees | No Fee |
| Rates from | Up to 36% APY |
| Earn yield on stablecoins? | No |
| Payout frequency | Daily |
Nexo is a website which offers you to earn up to 12% on your idle digital assets with interest paid out daily.
Nexo offers 8% APR on top coins such as BTC, ETH, DOT, XRP, BNB, LTC, ADA, LINK and others. Holders of its native token NEXO and other stablecoins including USDT, DAI, USDX, USDC, HUSD, PAX can earn 12% APR. They have an interest calculator on their website to see how much interest you could be generating over a time period of 1 year.
With Nexo your assets are insured up to $375 million by BitGo and Ledger. They also claim to have 2 million platform users worldwide.
| Eligible coins | TAUD |
| Fees | No Fee |
| Rates from | Up to 6% APY |
| Earn yield on stablecoins? | No |
| Payout frequency | Daily |
Last but not least is one of the best Australian-based comparison websites who have just launched support for cryptocurrencies on their Finder.com.au App.
Staking crypto can be safe when done on a trusted platform, but there are still a number of risks that must be considered before you start earning.
By far the most common risk factor encountered by stakers are lock-in periods. Certain platforms or networks will require tokens to be staked for a set duration before they can be withdrawn. This leaves investors unable to react to market volatility. A staked coin could plummet in price and you would be able to do nothing to mitigate your losses. Not all cryptos require a lock-up period to be staked and this is something to look out for when choosing a platform.
Obscure cryptocurrencies often come with very lucrative crypto staking rewards rates – sometimes over 100% per year. However, these digital assets often have low market liquidity. It may take weeks (or longer) to convert any accrued coins into fiat or other cryptocurrencies. Earning a lot on a coin that can’t be traded is almost the same as earning nothing. Staking coins with low liquidity can also leave investors susceptible to rug pull scams.
Slashing is a protection mechanism put in place by blockchain networks to prevent node operators (validators) from misbehaving – either intentionally or mistakenly. Node operators are responsible for organising a “pool” of staked tokens and ensuring they are running at 100% efficiency. If the validator’s node doesn’t abide by the blockchain’s rules, they will be penalised. The most extreme penalty is known as slashing. If your tokens are delegated to a validator who is slashed, there’s a chance your tokens will be completely lost.
Staking tokens involves locking them up in a smart contract on an associated blockchain. Smart contracts are still relatively new technology and can be prone to bugs or holes. Experienced hackers or coders can occasionally exploit these bugs and steal the tokens being staked on a network.
Staking cryptocurrency can be profitable, although not without its risks. It can be a great way to earn passive income atop otherwise idle assets. It’s an especially solid strategy for long-term investors who are unlikely to actively trade their assets regardless of market movement.
However, staking can actually result in significant losses if there’s a significant lock-up period. For example, say you were staking a token at 20% APY for a 3-month period. Ten weeks in, the market for this token crashes and it drops 50% over the next fortnight. Even though you’re passively accruing interest, you will still have incurred a substantial loss due to the lock-in period.
Mining was the very first technology associated with cryptocurrency and forms the foundation of how Bitcoin actually works. Mining involves high-powered computers competing to solve increasingly complex mathematical algorithms.
As mining has become more saturated, the amount of power required to solve these equations has exponentially grown. This has resulted in Proof-of-Work blockchains requiring exorbitant amounts of electricity to operate effectively. Mining has come under fire as of late due to its negative impact on the environment, and many cryptocurrencies are phasing it out.
Proof-of-Stake is beginning to overtake mining as the primary technology of modern blockchains. Instead of solving complex math equations, validators are simply required to lock-up a certain number of tokens on a blockchain. The blockchain will then select a validator to execute the next transaction depending on how many tokens they’ve staked, among other factors. When a validator is chosen, they will receive additional cryptocurrency as a reward.
Proof-of-stake requires less electricity than mining, is far more sustainable, and its lower requirements to operate make it easier to decentralize.
Yes, crypto staking is taxed in Australia. However, unlike gains made from trading small amounts of cryptocurrency, earnings from staking are not taxed as a Capital Gains event. Instead, they are viewed as income, and will be taxed according to your income bracket.
When you stake, you will generally receive income in the form of cryptocurrency, not cash. This means you have to work the relative value of your staking rewards when it comes to tax time.
If, however, you decide to sell the new crypto you have received as rewards, this triggers a capital gains event. If the price of the crypto you earned through staking increases, then this is a capital gain. Once disposed of, this will then be added to your other sources of income to form your total assessable income and is taxed at individual tax rates.
There are two different types of staking: flexible vs locked staking. Both are viable options depending on your personal investment strategy.
Flexible staking involves staking your tokens without a lock-in period. Generally, you can withdraw your principal investment plus rewards at any given time. This is optimal for active traders, or those looking to mitigate risk in case of market volatility.
Locked staking involves putting your coins into a smart contract for a set duration. Staking platforms will often let you choose between different timeframes, such as 3 months, 6 months, or a year. In that sense, locked staking is a bit like a term deposit. The greater the locking duration, the greater the interest rate on offer. Locked staking is riskier as investors aren’t able to trade alongside the market. However, long-term holders of crypto may prefer the superior rates of locked staking.
Staking your crypto held with third-parties is risky and your capital is at risk as a result or not controlling your private keys. The main questions to ask yourself are: If you’re not staking and earning rewards, are you leaving money on the table? How risky is crypto staking? Can you lose your coins? How long will staking rewards last with high percentage returns?
To get started with crypto staking, all you need to do is buy and hold your coins with one of the third parties listed above. They will then add them to a service or mining pool that provides market liquidity, and in return you will earn a small interest. The realised profits you gain from staking are determined by what provider you choose, what digital asset you invest in, how much you hold, and for how long.
Decentralised Finance (DeFi) is a blockchain-based form of finance that does not rely on central financial intermediaries (such as brokerages, exchanges, or banks) to offer traditional financial instruments: instead, DeFi utilises smart contracts on blockchains, Ethereum being the most commonly used.
Recently, new chains have emerged to offer users an alternative to Ethereum, which has become notoriously expensive to use, especially in times when the network becomes heavily congested, resulting in gas wars and extraordinarily high transaction fees.
These new decentralised applications (known as ” DApps”) run on a distributed computing system. DApps have been popularised by distributed ledger technologies to allow easy transfer and swapping of crypto assets.
Here is a list of the Top 10 DeFi Swap Token Apps:
Pink unicorn-branded UniSwap is perhaps the most popular DeFi protocol used to exchange cryptocurrencies. The protocol facilitates automated transactions between ERC-20 tokens on the Ethereum blockchain through the use of smart contracts. Uniswap empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all. UniSwap V3 was released in May and boasts the most flexible and efficient automated market maker (AMM) ever designed. $UNI is the native token of the Uniswap protocol. Holders of UNI are entitled to governance rights and voting privileges on changes to the protocol, while liquidity providers can receive UNI tokens for their contributions. With its user-friendly interface, UniSwap makes it easy to swap DeFi tokens.
SushiSwap (SUSHI) is a fork of UniSwap. Unlike Uniswap, which follows Automated Market Makers (AMM), SushiSwap is a user-oriented platform where users provide liquidity in lieu of rewards. It is an audited Decentralised Exchange (DEX) and DeFi protocol described as “Uniswap meets Yield Farming” with SUSHI tokenomics. The protocol’s native token SUSHI is used to govern the platform. SUSHI holders also receive a portion of SushiSwap’s trading fees. SushiSwap is funded by an anonymous group that goes by the name Chef Nomi.
QuickSwap is a fork of Uniswap that runs on the Polygon network (formerly Matic Network), a Layer-2 scaling solution for Ethereum. Polygon has lower transaction fees compared to the Ethereum mainnet, enabling QuickSwap to facilitate token swaps at a lower cost relative to exchanges like Uniswap.
1inch is an Aggregation Protocol Network that unites decentralised protocols whose synergy enables the fastest, most lucrative and protected operations in the DeFi space. The platform has 540K+ users and a total volume of $70 billion+. It facilitates cost-efficient and secure atomic transactions by utilising a wide range of protocols and performing argument validation and execution verification. The governance and utility token for the platform is self-titled 1INCH. The 1inch Liquidity Protocol is a next-generation automated market maker that protects users from front-running attacks and offers capital efficiency to liquidity providers. The 1inch Limit Order Protocol is perhaps the best feature of this DApp, allowing users to enjoy the most innovative and flexible limit order functionality in DeFi. Its implementation of the Chi gastoken makes transactions on 1inch up to 42% cheaper than swapping tokens on Ethereum. Chi tokenised gas that is pegged to the Ethereum network’s gas price, but the difference is that Chi is used on 1inch and Curve while GasToken is used across the entire Ethereum network.
AirSwap is a peer-to-peer network. A simple combination of web protocols and smart contracts powers its RFQ (request-for-quote) style protocol. There are two kinds of liquidity providers on AirSwap: those running their own HTTP servers to provide liquidity, and those managing on-chain delegates that swap on their behalf. Each swap is between two parties, a signer and a sender. The signer is the party that creates and cryptographically signs an order, and the sender is the party that sends the order to the Ethereum blockchain for settlement.
HoneySwap is a permissionless decentralised exchange (DEX) based on Ethereum, built on xDai Layer 2 scalability infrastructure. The xDai Chain enables users to experience fast and secure transactions with incredibly low fees. By utilising xDai chain for transactions, Honeyswap allows users to trade any ERC20 token and experience fast and secure transactions with incredibly low fees.
BakerySwap is an automated market maker and non-fungible token (NFT) marketplace that runs on the Binance Smart Chain. It is powered by BakeryToken (BAKE). BakerySwap is the all-in-one DeFi platform that provides both AMM and NFT Marketplace solutions in one place. Users can exchange tokens, provide liquidity, participate in liquidity farming, and also mint NFTs and trade them.
Balancer is an automated portfolio manager and trading platform offering investors portfolios that generate yield and rebalance automatically. Balancer turns the concept of an index fund on its head: instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders who rebalance your portfolio by following arbitrage opportunities.
Aave is an open-source, non-custodial decentralised lending protocol that allows users to earn interest on deposits and borrow digital assets. Users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an over collateralised (perpetually) or under collateralised (one-block liquidity) fashion. Aave offers simplified and decentralised access to a wide range of digital assets and interoperability with multiple DeFi platforms. The protocol features Flash Loans to users enabling them to borrow instantly and easily, no collateral needed, provided that the liquidity is returned to the pool within one transaction block. Stakeholders can actively contribute as part of the community to the Aave Protocol and its governance.
ShibaSwap was recently launched by the Shiba Inu team – SHIB, LEASH, and BONE – to create a decentralised cryptocurrency exchange platform, the next evolution in DeFi platforms. ShibaSwap gives users the ability to DIG (provide liquidity), BURY (stake), and SWAP tokens to gain WOOF Returns through a sophisticated and innovative passive income reward system. The ShibaSwap platform allows the ShibArmy to access upcoming NFTs and additional tools, such as portfolio trackers, to make navigating the crypto world simple and intuitive.
PancakeSwap is one of the leading decentralized exchanges on Binance Smart Chain, with some of the highest trading volumes in the market. Unlike centralized exchanges like Binance or Coinbase, PancakeSwap doesn’t hold your funds when you trade. The pancake DAPP can run on mobile applications with integrations crypto wallets such as Trust Wallet allowing you to swap your tokens seamlessly.
With immediate effect, users from Australia will be restricted from opening new accounts for options, margin products, and leveraged tokens. This is an expansion of restriction since users from Australia were restricted from opening new futures accounts on 2021-07-08 (UTC).
Binance constantly evaluates its product and service offerings. Binance will be one of the first major cryptocurrency and digital assets exchanges to proactively restrict access to derivatives products to Australian users, in-line with our commitment to compliance and our plans to become a regulated financial institution.
Our aim is to create a sustainable ecosystem around blockchain technology and digital assets, and we hope that such efforts will help the industry grow in the local market in the long-run.
Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures. To learn more about how to protect yourself, visit our Responsible Trading resource page.
Thanks for your support!
Binance Team
Let’s have a laugh at this week’s topical memes.
SAFEMOON to the MOON!! …. Nek Minute. “Hey Siri, how do I remove a tattoo as painfully as possible?”
Tune in next Friday for more meme mayhem!
An upcoming Lisk network hard fork will remove support for hardware wallets including the Trezor Model T and Model One.
Lisk will no longer support hardware wallets. Withdraw your Lisk to a compatible software wallet.
If you currently store Lisk on your Trezor wallet, you must move your coins to a wallet compatible with the hard fork upgrade by August 21 2021. The Lisk Desktop wallet should be compatible, according to Lisk’s public communications.
The short notice given regarding this issue is due to the fact that Lisk did not provide any notice of the incompatibility ahead of time nor did they reach out to discuss a solution or workaround. Given the nature of this hard fork, the currently implemented code will be made redundant and the codebase will be removed from Trezor products.
There are no clear paths to reinstating support at this time as resolving the compatibility issues would require extensive development efforts on both sides, which would not be productive given the lack of cooperation in this case.
We hope to hear from the Lisk development team in the coming days, and will follow up should there be any news in future. In the meantime, please immediately withdraw all Lisk tokens from your hardware wallet to a compatible wallet for safekeeping.
Let’s have a laugh at this week’s topical memes.
Tune in next Friday for more meme mayhem!
Melbourne, 13th August, 2021: CoinJar, the Australian cryptocurrency exchange, is pleased to announce it has become a Platinum Partner of Brentford Football Club ahead of its debut season in the English Premier League, which kicks off against Arsenal this Friday.
As Official Cryptocurrency Partner, the two-year agreement will see CoinJar feature prominently on LED signage across all 19 EPL home games at the new Brentford Community Stadium, broadcast live and on-demand via Optus Sport, as well as on the club’s media wall.
Jon Varney, Brentford FC CEO, said: “The success of both CoinJar and Brentford is a result of rigorous data analysis, thinking differently and strategic planning. For many, cryptocurrency remains a complex area, so we look forward to working with CoinJar as part of the partnership to help educate our fan base as both parties continue their rise in our respective industries.”
Asher Tan, CEO of CoinJar, added: “As two teams built on data, insights and market fundamentals, we are jointly committed to supporting and championing innovation and growth and look forward to seeing what we can achieve together in the top division of English football.”
CoinJar is no stranger to the sporting world, having recently announced its partnership with AFL premiership contenders the Melbourne Demons, making it the first cryptocurrency company to sponsor an AFL club with both the men’s and women’s teams enjoying their best seasons in years.
Through both partnerships, CoinJar has plans to educate fans about cryptocurrency. The new CoinJar Card Mastercard has just been unveiled in Australia and is soon to launch in the UK, with CoinJar focused on empowering people to embrace a digital currency future.
Established in 2013, CoinJar, which hails from Melbourne, is one of the longest-running digital currency exchanges in the world. Amid the continuing surge and popularity of cryptocurrency, CoinJar is the ultimate platform to buy, sell and spend Bitcoin.
To find out more visit coinjar.com/au/