Author: Crypto News Australia

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

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Australia Crypto Exchange Crypto News Swyftx

Swyftx Founder Alex Harper Interview – Australian Entrepreneur Story

Alex Harper, co-founder and CEO of the Australian crypto exchange Swyftx, shares his story in an interview by local podcast Sam Squared.

Alex was recently featured amongst the Brightest Aussies Under 30 and in the podcast explains his entrepreneurial journey so far, how Swyftx started and what the future holds for himself and the company.

Australian Entrepreneur Alex Harper’s Story

Alex co-founded Swyftx with his friend Angus Goldman back in 2019 using their profits from the previous years of a crypto bull market. Since then the company has remained fully self-funded, which is an achievement in itself.

Alex explained that the company name comes from the bird “swift” plus “x” as a reference to exchange and trading.

As of May 2021, Swyftx is transacting $2 Billion AUD per month in customer trading volume on their platform. This places them in the top handful of exchanges operating in Australia, in terms of volume.

Alex shared some of the lessons he has learnt so far in the industry, one of which is aligning life passions with work life. He always enjoys building this project and sees it as a challenge to deliver something in the crypto space offering value to people.

Swyftx’s Key to Success is its Focus on User Support

It’s no surprise that Swyftx has 5 star user support Trust Pilot as they have focused the business on providing excellent customer support.

The support team is growing rapidly at over 70 employees based in Milton, Brisbane, with more overseas support staff, adding an employee every 1-2 days. Such a growth rate is astonishing considering they only had 5 employees back in early 2020.

Alex also mentioned that the support team is working extremely hard and often long hours so they try to nurture a good company culture, hiring someone to manage that aspect.

Swyftx Listens to its Customers Introducing New Features

Swyftx Platform Tracking Feature

Alex mentions that Swyftx has the nickname “Australia’s most progressive cryptocurrency exchange” because they implement new features suggested by their customers, keeping them satisfied by improving the offered services. Some of these features include:

  • Showing total portfolio growth from day 1
  • Demo mode
  • Recurring buys
  • Bundles
  • Portfolio tracking
  • Adding more coins

What the Future holds for Swyftx

With almost 300,000 users, Swyftx has seen record growth in the first quarter of this year, becoming one of the leading crypto exchanges in the country.

They now are implementing plans to expand the exchange into more countries including New Zealand, United Kingdom, Canada, Ireland, India.

They also have plans to integrate all major asset classes into the platform so customers could access “everything in one place” to work on building their financial freedom.

Get Started with Swyftx

Categories
Bitcoin.com Games

Bitcoin.com’s VIP Club Rewards You For Bitcoin Gaming

Bitcoin.com Games offers you exclusive benefits when you join their VIP club. Joining the VIP club unlocks special treatment and privileges only available to you, making your experience much more enjoyable.

VIP Benefits include:

  • Personal VIP Account Manager
  • Exclusive Promotions
  • 24/7 Dedicated VIP Team
  • Customized Rewards
  • Deposit Bonus
  • Reload Bonus
  • Early access to new games & features
  • Special Gifts

Personal Manager & Exclusive Rewards

A dedicated account manager to ensure you the smoothest experience on their casino. Receive regular exclusive rewards and promotions fitting your needs & gameplay. Receive exclusive offers accessible only to VIP Club members.

High Roller Games and Early Access

They have a selection of games for all the elite high rollers; If you’re one of those who never shy away from a high stakes game those are for you. Early access to be the first to play their exclusive games and get a chance to win on them!

How to Become a VIP Member

  • Go to the VIP Club web page.
  • Scroll down and click the “Contact Us” button
  • Click either “Use Chat” or “Send Email” button and ask for VIP membership application.
Categories
Australia Coinjar Press Release

CoinJar Announces Partnership with the AFL’s Melbourne Demons

MEDIA RELEASE: Melbourne, 19 May 2021: CoinJar, Australia’s longest running cryptocurrency exchange, today announced its partnership with the Melbourne Football Club, making it the first crypto company to sponsor an AFL club for both its men’s and women’s teams.

CoinJar’s CMO Dominic Gluchowski and Melbourne Demon Mascots

The Melbourne-founded platform, which has over half a million customers in Australia, says it wanted a partner that could match crypto for excitement and momentum.

“CoinJar is thrilled to be joining forces with a champion club that shares our passion, professionalism and innovation mindset – as well as a proud and very vocal fanbase,” says Asher Tan, CEO of CoinJar.

Tan says the partnership is a long term play, which will be supercharged by short term tactical marketing activities. “At a time of increased credibility, proven strength and swelling of interest in cryptocurrency, we are focussed on building an iconic brand which will stand the test of time – much like the Melbourne Football Club.”

Melbourne Demos Coach Simon Goodwin with CoinJar’s CMO Dominic Gluchowski

CoinJar makes buying and selling cryptocurrency like Bitcoin and Ethereum simple, a key message that will be communicated to fans and spectators via content partnerships, player engagements, stadium branding and exclusive offers for Melbourne Football Club members. CoinJar is also the club’s List Management partner which will see the logo across all club recruiters and list management kit.

With cryptocurrency in the middle of a record-breaking run – up 300% since the beginning of the year –  this partnership firmly shines the spotlight on a growing industry and a team on the rise. “Both our teams are having breakout years, so the decision was an easy one,” says Tan.

Melbourne CEO Gary Pert agrees. “CoinJar is operating and excelling at the absolute cutting-edge of digital technology and we’re tremendously excited to welcome them to the Melbourne Football Club family.”

“As organisations we share a strong passion and commitment to innovation, and we look forward to seeing what we can achieve together.”

“Like the Demons, cryptocurrency has been written off for years,” says Tan. “But now it’s going mainstream and becoming impossible to ignore.”

Research suggests that almost 1-in-5 Australians already own crypto, and that number is growing by the day. “By the end of the year, we’re hoping that’s 1-in-2,” says Tan.

“CoinJar’s mission has always been to make it as easy as possible for everyday Australians to invest in the cryptocurrency future. By partnering with a legendary club like the Demons, we’re hoping to take the next step on our journey to becoming as widely known and proudly Australian as the AFL.”

About CoinJar

CoinJar is the simplest way to buy and sell cryptocurrency in Australia. Founded in 2013, our mission is to create best-in-class financial apps and products that make digital currencies such as Bitcoin and Ethereum accessible to everyone.

Categories
Australia Education

TAFE Trains for Future Blockchain Jobs

TAFE Queensland in partnership with Blockchain Collective are leading the world in blockchain education with Australia’s first registered Diploma of Applied Blockchain.

In the tech world, blockchain is one of the most talked-about emerging trends and  Blockchain Collective Co-Founder, Austin Lewinsmith said soon the technology will be a seamless part of everyday lives for almost everyone around the world. 

“Blockchain technology will underpin the development of the Web 3.0 revolution because it provides highly effective, efficient and secure ways of managing data,’’ said Mr Lewinsmith. 

“Essentially it is a data structure that manages records while ensuring security,  transparency and decentralization.” 

Mr Lewinsmith said a few years ago he and his business partners Nathan Burns and Rafael Bergola were working on several blockchain related projects when they discovered the world lacked recognised and accredited training in blockchain technology. 

“We looked around and there were a few places on the internet that provide bits and pieces of training, but these courses were not comprehensive or officially recognised,’’ he said. 

“We realised there was a need to create accredited educational courses for people  who want to learn, use and apply blockchain so we worked with education  professionals to develop a curriculum.” 

Blockchain Collective turned to the State’s largest and most experienced training provider, TAFE Queensland to deliver Australia’s very first registered Diploma of Applied Blockchain. 

Students can apply for loans to help pay tuition fees

With enrolments now open, it is the first time students can study the qualification with  access to VET Student Loans (VSL) to help pay their tuition fees.

TAFE Queensland General Manager on the Gold Coast, Karen Dickinson said the organisation is honoured to be partnered with Blockchain Collective to offer Australia’s first nationally recognised blockchain course with access to student loans.

“The demand for knowledge and education about blockchain technology is growing exponentially around the world and TAFE Queensland is now at the global forefront  of the industry,” she said.

TAFE Queensland’s blockchain course is project based and focus on the outcomes for students who graduate with a portfolio of work, making them highly employable across many industries.

Ms Dickinson said the curriculum was developed to largely skill people for the non-tech roles such as the management or operational roles within an organisation.

“While software engineers and IT experts are needed to implement and support blockchain applications, non-tech people are also needed to handle business operations that are vital to the overall blockchain project,” she said.

“For example there is a high demand for blockchain project managers who are in charge of the entire lifecycle of a blockchain project — from planning, supervision to execution, and deployment.”

Students of TAFE Queensland’s Diploma of Applied Blockchain (10849NAT) will acquire a range of knowledge, skills and specific competencies to enable them to apply blockchain technologies and gain employment in just about any industry sector in the world.

Classes are taught online with regular face to face workshops at the TAFE
Queensland Coomera campus including virtual participation.

For more information on TAFE Queensland’s Blockchain course go to
tafeqld.edu.au or call 1300 308 233.

Categories
Australia Binance Binance Australia Crypto News Trading

Binance Lite Provides Australians With Easy Bitcoin Trading

Binance Lite transforms your Binance mobile app into a simplified, easier to use interface for beginners who are entering the crypto space to buy, sell and trade Bitcoin and cryptocurrencies using their mobile.

Getting started with cryptocurrency trading can feel daunting when faced with a long list of possibilities and options. Switch to the Lite version of the Binance app for a simplified crypto trading experience!

Binance is one of the largest crypto exchanges in the world and have established themselves in Australia as Binance AU to help you take your crypto mobile experience to the next level.

Binance Lite Features

  • Beginners guide link at the top of mobile screen
  • Simple Buy, Sell, Deposit, Convert Button at bottom of mobile screen
  • Clear to see account balance and coin holdings
  • Easy to find all your favourite cryptos with the star button
  • Easy deposit and withdraw buttons
  • Less “noise” as it hides all the advanced features such as Futures, Launchpad, Liquidity, Battle, Earn etc
Binance Pro vs Binance Lite

How to Get Binance Lite

  1. Download the Binance App on your Android or iOS device.
  2. Log in to your Binance account.
  3. Click the profile icon located on the top left corner of the Binance App home screen.
  4. Tap the “Lite” switch and you’re done.

Binance Lite Mobile App User Interface

  • Binance Lite Home Screen
  • Buy Sell Trade Deposit
  • Buy Crypto Method
  • Buy Crypto Amount
  • Buy Crypto
  • Account Balance

Please note that Binance Lite is only available for the mobile app, there currently is no version of Binance Lite for desktop computers.

Also read: How to Deposit AUD into Binance Australia via PayID/Osko

Categories
Crypto.com How-to NFTs

How to Buy, Sell and Transfer NFTs on Crypto.com

This article explains how to buy, sell and transfer NFTs on the popular NFT Marketplace by Crypto.com.

Launched in 2021, the Crypto.com NFT platform is committed to delivering unique content from top celebrities, artists, athletes and sports. They are already working with some big names such as Aston Martin, Boy George, Snoop Dogg, Lionel Richie, Boss Logic and more, to develop enthralling content for this new medium.

NFTs (Non-Fungible Tokens) are unique collectable crypto assets stored on the blockchain to verify ownership. The tokens can be used to represent any type of real world or virtual item including artwork, video games items and land/real estate, music, digital trading cards, real-world tokenized assets, video footage and many more.

Crypto.com NFT allows users to browse NFTs in fiat currency, make purchases by using their credit/debit card,Crypto.com Pay via the Crypto.com App, or a wallet that supports ERC20 tokens (ex. Metamask, WalletConnect).

How to buy an NFT

  1. Go to Crypto.com NFT Marketplace.
  2. Click “Sign Up” to create a free account.
  3. Choose a username and password and complete the sign up by verifying your email address.
  4. Browse the NFT marketplace items and choose an item which you want to buy and click “Select” then “Buy for $x”. If the item is on a bidding auction, you can place a bid (similar to eBay).
  5. Choose your payment option (Credit/Debit Card or Crypto.com Pay) and confirm your payment.
  6. Once the on-chain transaction has completed, the item will appear in your account in “Collectables” tab. Click “My NFTs” to see it.

How to sell an NFT

  1. Login to your Crypto.com NFT Marketplace account.
  2. Click “My NFTs” and go to the “Collectables” tab.
  3. Select the item you wish to sell and click “Sell”.
  4. Select one of the 2 pricing models:

Fixed price model

  1. The seller sets a fixed price for the item.
  2. The buyer purchases the item at its fixed price.

Auction model

  1. The seller puts an item up for auction by inputting the end date and minimum bidding amount.
  2. The buyer places a bid, which has to be higher than the previous highest bid by 5% or $10, whichever is higher. Bids can only be made in cryptocurrency through Crypto.com Pay (credit/debit cards not supported currently) and full payment is required upfront. If a bidder gets outbid, the amount will be refunded immediately in the currency the purchase was made through Crypto.com Pay. The highest bidder cannot cancel his/her bid.
  3. Sellers can choose to end the auction earlier by a) cancelling the auction, and the current top bidder gets a refund or b) terminating the auction early, and the current top bidder wins the bid**. When the auction ends, the current top bidder wins the bid. If it ends without any bids, the item goes back to “Not for sale” status.

How to transfer an NFT

The transfer feature is coming soon.

Available Payment Methods

The Crypto.com Marketplace currently supports the following payment methods:

  • Pay with Credit/Debit Card
  • Pay with Crypto (BTC, ETH, DOGE using Crypto.com pay)
  • Pay using Crypto.com App
  • Pay using Metamask Brave Browser Wallet

Further Help

For further help check out the Crypto.com NFT support page or watch the video below.

Categories
Crypto News Trading

Crypto Trader Newbies Fall For “This Coin is Cheap” Syndrome, Ignoring Market Cap

Don’t be fooled by all the zeros

Just because a coin is cheap to purchase, does not mean that it is a good investment. Let’s take CSHIBA for example. This cute new experiential meme token has a Total Supply of 100,000,000,000,000,000 but a market cap of only $776,257. The price of the 1 CSHIBA coin is only $0.0000000000182261. So you could say “this coin is cheap”? Well, let’s take a closer look.

The price when the coin was launched was around $0.00000000024415. Then the price quickly rose in a matter of hours 200$ to $0.00000000074257. The token’s value then dropped down to under $0.00000000001626. This shows the volatility of these new coins, especially those with a very large total supply.

Market Cap = Current Price x Circulating Supply.

Coin Market Cap is probably the most misunderstood and overlooked factor by noobs when jumping in to buy a cryptocurrency. Luckily it is relatively easy to learn about, thanks to the the priceless educational documentation on the Binance Academy website.

“Within the blockchain industry, the term market capitalization (or market cap) refers to a metric that measures the relative size of a cryptocurrency. It is calculated by multiplying the current market price of a particular coin or token with the total number of coins in circulation.“

academy.binance.com

Two important things to understand:
1. A high-volume and liquid market is harder for whales to manipulate, making the asset less volatile as it would take a large amount of orders to affect the price.
2. A low-volume market could be easily affected with only a relatively small amount of money, causing a significant impact on both the price and market cap.

What is circulating supply?

The term circulating supply refers to the number of cryptocurrency coins or tokens that are publicly available and circulating in the market. Circulating supply of a cryptocurrency can increase or decrease over time, as tokens are mined or burned.

The circulating supply of a cryptocurrency can be used for calculating its market capitalization, which is generated by multiplying the current market price with the number of coins in circulation. So if a certain cryptocurrency has a circulating supply of 100,000,000 coins, which are being traded at $5.00 each, the market cap would be equal to $5,000,000,000.

Bitcoin is the top large-cap coin with a market cap of over $940 trillion and a 24hr trading volume of over $90 trillion. Generally mid-cap cryptocurrencies have market caps between $1 billion and $10 billion. Any cryptocurrency with a market cap under $1 billion is considered low-cap. Generally these smaller coins are considered to have more untapped potential upside but also are much higher risk. Small-cap cryptocurrencies have a market cap of less than $1 billion and are most susceptible to dramatic swings based on market sentiment.

Read about Vitalik donating $1Billion from Shiba Inu.

Categories
Crypto Memes

Crypto Memes Of The Week – 14 May

Let’s have a laugh at this weeks memes.

Market Crash, Recover Wen?

MEME Coins Pump

Crypto Traders Working Hard Like…

Ahem…

Obligatory DOGE memes!

Tune in next Friday for more meme mayhem!

Categories
Bitcoin Bitcoin Mining Press Release

StormGain Makes Mining Hardware Obsolete – Crypto Mining Now Available on All Smartphones

For many years, cryptocurrency mining has only been reserved to a select few – those people with enough time and capital willing to invest resources into setting up their own mining rigs. However, cloud mining has been quickly gaining speed, and StormGain’s solution removes the technical barriers from the equation in hopes of creating a more even playing field.

Since miners need to keep several factors in mind, including electricity costs, upkeep and maintenance, and the overall investment return, mining has become less lucrative for the smaller players. StormGain wants to change this narrative, and give everyone the chance to participate in the verification of cryptocurrency transactions, earning a nice income whilst doing so.

Cloud mining is a prevalent trend in the cryptocurrency industry today. However, many providers claim to offer significant yields and fail to deliver on those promises. StormGain is a different breed, as it provides a mobile-based cloud mining solution. Every user can mine cryptocurrency directly from their mobile phone without dealing with the hardware side of things. Mobile app users connect directly to remote cloud servers, allowing StormGain to provide a risk-free and convenient mining solution, incomparable to those offered by other cloud mining service providers.

The first step is to register at StormGain platform using smartphone – or desktop computer for those who prefer that option. StormGain purposely opts for a pain-free registration process to get as many people acquainted with cloud mining as possible. The registration process also involves a lucrative bonus of $5 USDT, delivered directly to users’ mining accounts. The process is simple – upon registering, use the promo code MINER to receive the bonus. After confirming the account, users can begin mining Bitcoin right away by connecting to the cloud mining server, with no impact whatsoever on the smartphone’s performance.

After meeting the minimal $10 USDT profit threshold, users are free to trade and exchange their crypto assets with StormGain. Withdrawal of mined currency is not possible without going through the trading process first, but all profit generated via trading can be transferred out of one’s account at any given time – a fair trade-off.

The trading and exchanging via StormGain is available at 0% commission, with users benefiting from all standard and advanced instruments at their disposal. The service also introduces fiat-based cryptocurrency purchasing for those who want to expand their crypto portfolio quickly and effortlessly.

StromGain has contracted incredible partnerships since its inception, making it the 1# interest rate provider for crypto traders by CoinMarketCap, a member of the well-known Blockchain Association within the Financial Commission, but also a S.S. Lazio official trading partner, and the market’s best cryptocurrency trading & exchange platform, according to The European. To date, StormGain’s trading product notes a 30-day volume of over $6 billion, generated by tens of thousands of traders worldwide.

What sets StormGain apart from other cloud mining providers is how mining rewards are proportional to trading volume. Users with a higher trading volume will earn a higher daily mining income. Mining with StormGain over more extended periods can have a significant impact on one’s profit potential, showcasing huge capital inflows for the most active miners and traders. 

Cloud mining rewards are distributed every 30-40 minutes. Then, users are free to withdraw the funds to their trading accounts, within less than 72 hours. For newcomers, the first mined Bitcoin rewards will become accessible within 4 hours, a feat that is available nowhere else within the cloud mining industry.

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
Bitcoin Bitcoin Mining Crypto Exchange Crypto News Cryptocurrencies

Bitcoin Supply Rises After ‘Unprecedented’ Year-Long Decline

Bitcoin coins
Bitcoin coins https://unsplash.com/photos/4KJJezDyo3M

The supply of Bitcoin available on exchanges has risen after a long slide that started more than one year ago.

Data from the blockchain analysis firm Glassnode shows that the balance of Bitcoins on exchanges has experienced a recovery to hit 2,461,801.581 BTC – the highest level in a month.

This rise comes after a supply decline that started in March 2020, when the total balance on exchanges soared to more than 3,000,000.

Over-The-Counter BTC supply decline

In a recent weekly report, Glassnode also found that the Bitcoin supply at Over-The-Counter (OTC) exchanges has declined to just 6,000. OTC desks allow investors to buy crypto without making orders on the public exchange and causing price disruptions.

The total balance held by the three OTC desks we track has continued to decline throughout 2021, reaching local lows of only 6k BTC this week. This suggests demand by larger buyers exceeds available supply at these OTC desks. Furthermore, this trend clearly commenced starting in Dec 2020 at which time miners were distributing heavily. This aligns with the strong growth in institutional interest in the asset as a macro scale investment.

Glassnode

In other words, Glassnode analysis suggests that institutional adoption of Bitcoin has increased, as confirmed by multiple banks and big companies getting involved in the crypto space.

What Does The Drop In Bitcoin Balance On Exchanges Mean?

It is hard to say exactly why the supply on all exchanges has been dropping. Investors may be holding onto their Bitcoins, which could mean that another bull run is on the way.

As previously discussed, it is also important to remember that the Bitcoin protocol include halvings, which by definition reduce the issuance of new coins.

All of the above factors could be linked to the price of Bitcoin (BTC) increasing over the same period to reach a price of around $65,000 AUD.

Post by Guest Author – Jasper Hamill