Author: Crypto News Australia

Crypto News Australia provides you with the most relevant bitcoin, cryptocurrency & blockchain news.

Categories
Crypto Memes

50 Of The Funniest Crypto Logos & Joke Coins

Today we’re taking a look at the funniest crypto logos & “joke coins”. We selected around 50 from over 8,000 odd coins and tokens, of which these make us laugh the most!

Famous People Coins

PutinCoin (PUT) – In Russia we Trust! This coin is dedicated to Russia and its outstanding President!

Zucks Bucks (ZBUZ) – Zuck Bucks describes itself as a meme-coin, social movement, and protest against Facebook and their upcoming Libra “cryptocurrency”.

TrumpCoin (YUGE) – Using Uniswap’s platform, the project claims to have built a community-oriented token that they believe will foster a fabulous new political wagering DAPP, as well as provide further benefits to the actors involved through community voting and governance.

Animal Coins

Bean Cash (BITB) – Bean Cash’s mission is “to be an enduring digital currency, with high integrity, a store of value and a means of exchange for every day transactions — that stands the test of time!”

Baby Yoda Finance (YODA) – Short Story of Baby Yoda Baby Yoda started out as an experiment between developers and graphic designers. Inspired by the story of Yoda who will become a great hero, baby Yoda was born.

SuperPigCoin (PIGX) – PIGX passed the “blockchain + black pig” traceability system, mainly through blockchain technology, detailed record of the whole cycle data chain of pig products, and the data protection and validity verification through encryption algorithm to solve the food safety last one. The problem of kilometers increases the brand value of the pigs.

CoolDogeCoin (DOGEFI) – DOGEFI is a unique gamified community, which creates opportunities for its members to participate in price arbitrage and grants access to exclusive yield farming projects.

TheDogeFather (DOGEFATHER) – Dogefather is a decentralized finance (DeFi) token built on Binance Smart Chain.

SnoopDoge (SNOGE) – $SNOGE is a reflectionary token inspired by HOGE, WOGE, and the other strains of OGE. With a 2% transaction fee, holders will be able to maximize their participation in our upcoming cannabis projects & partnerships.

Other Random Funny Coins

Frens Community (FRENS) – The project claims to be a fork from Kek with a burn mechanism added to control inflation and developer’s ability to mint removed.

Dora Factory (DORA) – Dora Factory is a programmable, multi-chain DAO-as-a-Service open infrastructure on Substrate. Crucial schemes like quadratic voting, bonding curve fundraising, all cool features regrading on-chain governance can be built on this infrastructure as pallets by the developers, and they can be rewarded in a SaaS model when DAOs launched on Dora Factory deploy them.

Kebab Token (KEBAB) – Kebab Finance is the strategically superior yield farming community on BSC.

Zombie Finance (ZOMBIE) – Zombie was a social experiment game – looks like it died.

CumRocket (CUMMIES) – CumRocket ($CUMMIES) is a revolutionary deflationary token on the Binance Smart Chain that is centered around the adult entertainment industry.

Y U NO FINANCE – (YUNO) – Short for “Y U NO FINANCE?”, YUNo.Finance claims to be a fork of SUSHISWAP and lays out the following text in Impact font for users to ponder:

Categories
Crypto Memes

Crypto Memes Of The Week – 25 June

Let’s have a laugh at this week’s memes.

Crypto Trading At The Moment

Market Stability

Dollar vs BTC

Bitcoin swag

Source

Obligatory DOGE meme

The DogeCar NASCAR Crashed on the Weekend, and So Did the DOGE Price

Tune in next Friday for more meme mayhem!

Categories
Press Release

StormGain Levels the Crypto Mining Playing Field by Catering to Billions of Smartphone Users

The concept of cryptocurrency mining has a somewhat negative connotation to it these days. Many people see it as a waste of electricity as it requires dedicated and expensive hardware. But what if that was no longer the case, and anyone could mine cryptocurrency with their smartphone?

Equal Mining Opportunities for Everyone WithStormGain

In the current crypto mining landscape, there is an inequality waiting to be resolved. Suppose one does not have access to cheap/renewable electricity or the finances for upfront investments for mining hardware. In that case, it won’t be easy to play any meaningful role in this industry. This “skewed” nature of cryptocurrency mining is a problem that seems to grow bigger over time. The time has come to introduce a solution that makes crypto mining more accessible and appealing to the billions of smartphone users out there.

Cloud mining is quickly gaining traction in this industry segment. Not necessarily cloud mining in the way most people think, but rather by leveraging the power of smartphones. StormGain’s solution makes it easy and approachable to venture into cryptocurrency mining. There is no need to worry about logistics, hardware, electricity, or anything else. Instead, it is entirely mobile-based, which has the potential to empower billions of people.

One hurdle to overcome is the cloud mining industry’s lack of transparency and correctness. As a result, many providers claim to offer high yields yet cannot meet expectations. Through its mobile-based cloud mining solution, StormGain lets users mine crypto assets directly. By connecting to remote cloud servers, a risk-free and convenient mining solution remains unmatched by other providers on the market today.

Gaining access to StormGain’s solution is possible through a smartphone or desktop computer. The registration process is quick, easy, and without unnecessary bells and whistles. With potential earnings as high as 0.0318 BTC per day – equivalent to $1,275 – it is essential to make this process as straightforward as possible. Once an account is confirmed, users can mine Bitcoin right away. StormGain’s mining solution has no impact on the smartphone’s performance itself, creating a hassle-free experience.

For users to withdraw and exchange their crypto assets through StormGain, they must meet the $10 USDT profit threshold. It is not possible to withdraw earnings without trading first, yet one can move all profit generated via trading out of one’s account at any time without restrictions. There is no commission for trading and exchanging for all users. Moreover, the platform provides all standard and advanced instruments, including fiat-based purchasing of crypto assets.

None of this would be possible without strong partnerships. StormGain works with the Blockchain Association within the Financial Commission, football club S.S. Lazio, and many others. As a result, the trading product has surpassed a 30-day volume of $6 billion, courtesy of tens of thousands of global traders. StormGain is also the top interest rate provider for crypto traders by CoinMarketCap, further enhancing the project’s market position.

An intriguing aspect about Stormgain is how its mining rewards are calculated. By directly linking rewards to a user’s trading volume, an intriguing correlation is created. Those who trade more volume can earn better rewards from mining. Being active on the platform can significantly impact one’s profit potential, either as a trader, miner, or both. Increasing one’s trading volume and mining speed is relatively easy, as it is possible to trade with up to 200x leverage.

As an added feature, traders can make use of cryptocurrency trading signals. With profitability and probability signals, traders can make well-educated decisions on which signals to follow. Every trading signal has Stop Loss and Take Profit options and Increase and Auto-Increase options to enhance one’s market position if the trend is favorable. Users can also plan their trades through the native Telegram bot.

About StormGain

As part of its services, StormGain’s cloud mining service effectively removes all entry barriers to the mining market. Consequently, there’s no longer a need to invest in expensive mining chips that take up space, make noise, and consume electricity. Contract prices are inherently small, so on-going investments can translate to significant profits over the long term. Since the bitcoin mining service is readily available via the cloud, accessing it via desktop and mobile devices couldn’t be easier, with no hardware and time investments involved.

Categories
Crypto Memes

Crypto Memes Of The Week – 18 June

Let’s have a laugh at this week’s memes …

Crypto Forecast.

The Dark Side Of Crypto

Old Mate.

HODL

Rando Memes

Obligatory DOGE meme

Tune in next Friday for more meme mayhem!

Categories
Crypto News Cryptocurrency Tax

The ATO Publish Crypto Tax Tips Sheet 2021

The Australian Tax Office (ATO) has published a free crypto tax fact sheet on its website with some tips to help Aussies with their crypto tax returns.

ATO Crypto Tax Fact sheet

What it Includes:

  1. Disposal of cryptocurrency
  2. Calculating capital gains tax (CGT) on cryptocurrency
  3. How and what to keep records of
  4. Personal use assets and cryptocurrency
  5. Examples of all of the above

Some Highlights:

These highlights were taken directly from the report without edit.

You Can Claim Your Losses

“You can claim any current year net capital loss against future capital
gains. Report the loss in your tax return so you have it available for
future investments.”

If You HODL, It’s Considered An Investment, Not “Personal Use”

“The longer you hold cryptocurrency, the less likely we consider it a personal use asset.”

“In most situations, cryptocurrency is not a personal use asset and will be subject to capital gains. However, limited exceptions apply.”

“Cryptocurrency is not a personal use asset if it is kept or used mainly as either:

  • an investment
  • part of a profit-making scheme
  • in the course of carrying on a business”

“Cryptocurrency is a personal use asset if you:

  • acquire and use it within a short period of time
  • directly exchange it for items you personally use or consume”

Record Your “Disposals”

“You must report a disposal of cryptocurrency for capital gains tax purposes if you either:

  • exchange one cryptocurrency for another cryptocurrency
  • trade, sell or gift cryptocurrency
  • convert cryptocurrency to a fiat currency, for example, to Australian dollars (AUD).”

“Disposals” Go Against Capital Gains

“If you exchanged cryptocurrency for goods, cash or other cryptocurrencies then this is normally considered a disposal for the purposes of capital gains tax, and you may need to include a capital gain or loss in your income tax return.

“Only the capital gains you make from disposing of personal use cryptocurrency acquired for less than $10,000 are disregarded for capital gains tax purposes.”

Transferring Between Your Wallets is Not Considered a “Disposal”, But the Fee Is

“If you only transfer cryptocurrency from one wallet to another wallet
while maintaining ownership of the coin, it is not considered a disposal of cryptocurrency for tax purposes.

“If your cryptocurrency holding reduces during this transfer to cover
the network fee, the transaction fee is a disposal and has capital gain consequences.”

Use the AUD Value To Calculate Capital Gain or Loss

“Convert your cryptocurrency purchases and sales into AUD to calculate your capital gain or loss.”

Categories
Binance Press Release

Australian Artists, Sports Stars, Musicians Join ‘100 Creators’ Campaign of Binance NFT Marketplace

June, 2021 – Binance NFT Marketplace, the NFT platform of Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, announced to support the NFTs of various creators from Australia, including James Newbury, Bianca Beers, Lil Bubble, Lushsux, Sekure D, Demas Rusli, Eddie Betts and John Aloisi, through the ‘100 Creators’ campaign.

The ‘100 Creators’ campaign aims to support and promote innovative creators from around the world and spotlight NFT collectibles from different cultural backgrounds. As an invite-only campaign, creators participating in the campaign will be the pioneers of the Binance NFT marketplace and will list their exclusive artworks on the first week of the Binance NFT Marketplace launch.

Through collaboration with the 8 Australian creators, Binance NFT can offer users with NFTs of different fields like sports, art, photography, etc. The creators will exhibit the collections that represent them the best.

“We are glad to work with celebrities and creators of Australia through the ‘100 Creators’ campaign and hope to introduce and promote the innovative collectibles around the world. We believe these 8 creators will provide eye candy to Binance NFT Marketplace users,” Helen Hai, the Head of Binance NFT, commented.

James Newbury, one of Australia’s elite CrossFit athletes, displays NFT card collectables by digital artist ALLCAPS to portray a commitment to dream, which will include features of hard work, consistency and a never say die attitude to achieve a goal in the athletic space. Australian football players, Eddie Betts and John Aloisi, will feature famous sporting moments.

Designer and Artist Bianca Beers will exhibit 10 artworks, each embodying a different theme. Lil Bubble, a Musician and Artist who produces crypto meme music videos, presents new music alongside pixel animations. The “notorious” Australian street artist, Lushsux, exhibits meme painting with edgy imagery. Sekure D, a sneaker artist, teased that the collections will be part of a series of characters that are called ‘RoboGhosts’. There will also be disruptive artworks that may question the boundaries of photography and animation from Demas Rusli, a photographer and designer.

Lil Bubble, a parody musician with the crypto anthems “All Time Lows” and “When Moon?”, said “I’m super keen to release these NFTs as an extension of the Lil Bubble catalogue on Binance NFT.”

Launching June 24th, Binance NFT prioritizes optimal user experience, minimal fees, high liquidity and high-value NFTs. Binance NFT Marketplace will share the same account system as Binance.com. Existing Binance users will be able to access the NFT marketplace and trade with their current Binance accounts. New users will simply have to register on Binance.com to create or trade NFTs on the Binance NFT platform.

About Binance

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more.

For more information, visit: https://www.binance.com

Trade on the go with Binance’s mobile crypto trading app. Download for Android or iOS.

About Binance NFT Marketplace

Binance NFT Marketplace offers an open market for artists, creators, crypto enthusiasts, NFT collectors, for creative fans around the world with the best liquidity and minimal fees. Consisting of two parts, premium events and marketplace, Binance NFT features valuable collectables and an easily accessible trading market for all of its users.

For more information, visit https://nft.binance.com/

For creators and artists’ collaboration; contact email [email protected]

Categories
Crypto Memes

Crypto Memes Of The Week – 11 June

Let’s have a laugh at this weeks popular topic memes.

South America is Going Crypto Mad

“Crypto Traders” Be Like….

HODL?

The Truth About Shitcoins…

We Don’t Take Card Here…

Best Remix Ever…

Obligatory DOGE meme!

Tune in next Friday for more meme mayhem!

Categories
Bitcoin Cryptocurrencies

Crypto Currency Basics Overview

This guide will give you a basic overview of all the main aspects of the cryptocurrency space including Bitcoin and Blockchain technology.

What is a crypto coin?

  1. A virtual currency that is native to its own blockchain.
  2. Only a limited number of coins exist
  3. Used for transactions within its own blockchain.

Bitcoin, the original cryptocurrency, is the best example of a cryptocurrency coin. It exists as a unit of value on its own independent ledger.

Thousands of other cryptocurrencies exist including Litecoin, Ethereum and Ripple – all of which have different value propositions. Read more about Cryptocurencies.

Bitcoin (BTC) a unit of value ?

Bitcoin is seen as a store of value because it is a finite resource. The source code was released in 2008 by satoshi nakamoto, the creator of bitcoin, stipulates that no more than 21 million BTC can be “mined”. To-date 19 million have been. The closer “miners” get to 21 million, the longer it takes to create each new coin. This is known as “inelastic supply” meaning its supply is locked and does not change based on supply and demand. Read more about Bitcoin.

What is blockchain?

Blockchain is the technology followed by many cryptocurrencies to verify that a payee is the legitimate owner of the coin. It does this by keeping a ledger of each coins movements when being passed to a new owner. Each transaction is approved ensuring that movements meet the networks protocols. Read more about Blockchain.

BTC Decentralised System

Like the Australian dollar (USD), sterling and other currencies Bitcoin is a fiat currency, meaning it has no intrinsic value and its price moves in relation to supply and demand.

Unlike paper currencies, which are monitored  by the worlds central banks to certify their authenticity BTC relies on a decentralised system of digital signatures and digital coins where all transactions are kept on the blockchain.

The system relies on miners, a collective of independent individuals who volunteer their own computing power (nodes) to monitor, review and approve transactions.

Being outside the current financial system and being limited to 21 million BTC means it cannot be debased by central bank policies or debt-fuelled spending by governments.

Some thoughts on the future of BTC

  1. Recently some major corporations have invested in BTC thus adding to its credibility. The demand from this sector has also pushed up the BTC price.
  2. If BTC became more widely accepted as a payments system this would also add to its credibility. For this activity to expand BTC will need smaller denominations to be readily available to facilitate everyday purchases. Just as there are 100 cents in each dollar so there are 100 million satoshis in each BTC. If Statoshis’ were to become more widely held and were priced in the marketplace this would enhance BTC’s position as a means of exchange.

As an example of how BTC is entering the payments space, Paypal has unveiled a feature called “checkout with crypto” in a bid to gain traction in this space. This feature allows customers to convert their crypto-currency holdings seamlessly into fiat currency at the checkout.

How to participate in the cryptocurrency space?

Owning Bitcoin

Like owning any asset, the owner is speculating, that in the future, the price of the item will rise.

You may wish to own a cryptocurrency for several reasons:

  1. Hold it as a source of wealth for the long term.
  2. Use it as a method of payment.
  3. Trade the item on an exchange for short term profit/loss.

If you decide to enter this space you should be aware of the following:

  1. Cryptocurrencies are highly volatile instruments that are subject to unpredictable swings in their price.it is difficult to determine or predict the exact causes of this volatility.
  2. It may be advisable to invest in several cryptocurrencies to spread your risk.
  3. It may be advisable to have a risk management strategy in place before you invest.
  4. Remember BTC is priced in us dollars (USD). When you buy and sell in Australian dollars (AUD) you are exposing yourself to currency exchange risk.
  5. Ensure that you deal with an established exchange, as they hold your asset on your behalf. See our Australian Exchanges Comparison Table to find one that meets your needs.
  6. Most financial advisers advise that owners commit only a small portion of their portfolio (say 2-3%) to cryptocurrencies.
  7. You must understand the tax implications of your transactions – See our Australian Bitcoin and cryptocurrency Tax Guide.

If you decide to go ahead the following may be helpful:

NamePurposeValue Proposition
Bitcoin (BTC)A store of valueLimited to 21 million BTC & held on a decentralized ledger.
Ethereum (ETH)Its key feature is enabling smart contractsETH is not a currency. Its blockchain network allows other developers to build applications using its features.
Ripple (XRP)Designed to make processing real-time international transactions easierPayments do not require clearance or real-time international centralized counter-party approval.
Categories
NFTs Sponsored Article Tokens

SafeGem Token – Bringing Innovation To the Jewelry Industry with NFT Digital Authentication Certificates

The existence of blockchain technology opens the door to a set of innovative solutions that never existed before. Blockchain technology is a structure that stores transactional records, also known as the block, of the public in several databases, known as the “chain” in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a ‘digital ledger.’, meaning that once something is in the blockchain, cannot be removed or altered.

SafeGem’s vision is to conceive a brand-new use case exploiting the unique benefits the blockchain can offer by creating an exclusive platform that will authenticate precious stones by providing NFT digital certification for gems.

Innovations of the Contract

Besides its unique use-case, SafeGem welcomes state-of-the-art technology, by including never-seen-before qualities in the smart contract called tokenomics. SafeGem’s native token, $GEMS, is a high yield generating, hyper-deflationary protocol. 6% of every transaction completed on the platform is re-distributed to all users holding $GEMS in their wallets generating a considerable passive income, and 5% of each transaction is permanently erased from the blockchain. This type of burning technology differentiates itself from other smart contracts where the burning process will not remove the tokens from the blockchain but sends them to a separate wallet, called a dead wallet. The deflationary connotation given to the platform ensures a gradual decrease in supply and increase in value. The passive income combined with the continuous burn will benefit the long-term token holders the most.

Revolutionizing the Jewelry Industry

Currently, a precious stone is associated with a paper authenticity certificate. An NFT digital authentication certificate can never be copied, altered, or modified, and there will be no need to be deposited in a safe because it can never be lost. The blockchain is the one safe place where one can know, once something is there, it cannot be taken back. Being able to store the authentication certificates in the blockchain gives that peace of mind to the buyer that never existed before. Paper certificates are not safe enough and SafeGem holds the key to revolutionize this aspect.

SafeGem is working on developing a far-reaching partner channel throughout the world that produces and/or deals with jewelry and precious stones and is strategically acquiring partners that show interest in joining the innovative world of NFTs, a trend that has been blowing up the crypto world since their introduction in 2015. 

Product Ecosystem

SafeGem’s rich product ecosystem is built to reflect the project’s conception and core values. 

The SafeGem Mobile Application‘s purpose is two-fold. It will serve as a mobile wallet for cryptocurrencies, and will also contain a crypto academy educating people on the crypto world.

The NFT Partner Portal will enable partners to mint their own custom-made NFTs (outlined in the partnership contract) with a series of indicators specific to the authentication process of the precious stones they produce/market. This provides our partners and their customers with an easy to keep and highly-secure authentication process of their products.

The NFT charity marketplace will enable artists to upload various NFTs created for sale or bidding. Depending on the artist’s specifications when uploading an NFT, all or part of the income from the sale of such NFTS will be used to support families that have been negatively impacted by the blood diamond fields.

$GEMS – SafeGem’s Native Token

Together with the release of the NFT partner portal and marketplace, $GEMS will be transformed to the utility token of such platforms. Similar to other NFT launchpads, one will need to have $GEMS to be able to navigate (upload, vote, bid, purchase) on the NFT marketplace.

The Advisory Program

SafeGem is currently conducting an advisory program and working together with Jewelry Industry participants in perfecting their use case and business strategy that will fill the gap between bleeding edge technology and a $300B industry. Jewelry Industry participants can join their advisory program by sending them an email to [email protected].

Find out more about SafeGem at safegem.finance and safegemfinance.medium.com. 

Categories
Blockchain Press Release Recruitment

Bigturn Brings Blockchain to Australia’s International Recruitment & Migration Industry

With over 13 years of experience in the international recruitment/migration industry, BigTurn HR has been filling critical skills shortages in regional locations in Australia. Through sourcing skilled migrant workers from across the globe, they help skilled workers fulfil their goals for working and living in Australia,and help sponsor businesses find the best suited employees.

BigTurn HR is taking the steps to introduce visa streamlining to the digital world. Bigturn plans to develop a blockchain technology for migration services used to verify document authenticity and create a secure system for storage. This system will ensure safe and secure handling of documents and ensures protection from any mishandling or malpractice. This system will also provide streamlining of tailored visa advice, which will be delivered via A.I to provide detailed and prompt information regarding visa choice and timelines. The A.I system will also ensure the migration advice is legitimate, transparent, and follows all rules and regulations.

Furthermore, this platform will include the use of smart contracts, which will be utilized to help protect migrants from fraud or malpractice. The system will also answer accreditation issues of documents such as qualifications. The blockchain platform will provide an online currency system which eliminates the problems that arise from international exchange rates. People from all over the world will be able to pay via an app on their phone. With this currency system, there will be no need to experience the arduous process of transferring money.

Bigturn’s innovative technology will surely shake up the international recruitment and migration industry. By ensuring security, safety, and protection by the blockchain technology, Bigturn will leave you asking – why has this not existed before?