Author: Crypto News Australia

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

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Bitcoin Mining Digital Asset Mining Mining

Introduction to Investing in Crypto with Digital Asset Mining

Cryptocurrency’s are taking the world by storm. They are fast becoming a more trusted form of currency to use, especially in countries experiencing economic turmoil, and with people and organisations who no longer trust the traditional form of the banking system.

There are many ways to obtain and enter into the crypto space, however, one of the safest and more stable means is to invest into crypto mining.

What Is Cryptocurrency Mining?

Cryptocurrency mining is a process in which transactions for various forms of cryptocurrencies are verified and added to the Blockchain digital ledger. Also known as cryptocoin mining, altcoin mining, digital asset mining or Bitcoin mining. 

Cryptocurrency mining has increased both as a topic and activity as cryptocurrency usage itself has grown exponentially in the last few years.

Each time a cryptocurrency transaction is made, a cryptocurrency miner (NGS Crypto) is responsible for ensuring the authenticity of information and updating the Blockchain with the transaction.

The mining process itself involves competing with other crypto miners to solve complicated mathematical problems that are associated with a block containing the transaction data.

The first cryptocurrency mining rig to crack the code is rewarded by being able to authorise the transaction, and in return for the service provided, crypto miners earn small amounts of cryptocurrency of their own.

In order to be competitive with other crypto miners a cryptocurrency miner needs a computer with specialised hardware.

NGS Crypto is always utilising the best technologies and up to date procedures in order to ensure our mining farm is always operating at full potential.

We specialise in both Proof of Work (PoW) and Proof of Stake (PoS) when it comes to our mining procedures. It is our core belief that innovation and technology is at the forefront of our digital asset mining operations and ensuring that the most efficient technologies are always used.

Why Mine Through NGS Crypto?

By mining through a trusted, professional mining company, NGS Crypto, this gives you the ability to become a full-time crypto miner without the technical know how.

NGS Crypto is one of Australia’s leading mining companies, with the use of the latest up to date mining technology, they make crypto mining a breeze.

NGS Crypto gives the everyday person, or even an avid crypto enthusiast the opportunity to mine Crypto’s through a fail-safe system, which was tried and tested for years before it was opened up to the investment market.

Benefits of a Mining Investment Through NGS Crypto

  • 8% – 15% ROI per annum
  • 100% of you initial investment amount returned at the end of your Initial Mining Agreement (IMA)
  • Profits are paid out daily in Bitcoin (BTC)
  • Free training and education upon becoming a member
  • Access to a financial discovery call with an approved Financial Advisor
  • NEW Mortgage Holiday 8% – 15% fixed income options
  • Personal NGS Crypto Dashboard
  • 100% Australian owned

Categories
Bitcoin Sponsored Article Tether

3 Benefits of Tether

Tether is one of the most successful cryptocurrencies in the world. It’s currently the fourth largest crypto in terms of market capitalisation, and the top-rated stablecoin currently in circulation. Its market cap is more than $10,000,000,000, with a 24-hour trading volume of almost $29,307,000,000 at the time of writing. In fact, this trading volume makes it the most widely traded cryptocurrency of all – beating even Bitcoin to the top spot!

Whether you’re considering investing in Tether or simply want to know more about this stablecoin, read on. In this article, we’ll be guiding you through the threemain benefits of Tether from a trader’s point of view.

1. Tether is a stablecoin

What is a stablecoin?

Have you come across the term ‘stablecoin’ online but aren’t sure what it means? A stablecoin is an alternative form of cryptocurrency which was developed to bring traders the benefits of crypto with the security of fiat currency. (Fiat currency is a type of currency that maintains its value in the form of money, generally by government regulation. An example of this would simply be the Aussie dollar, US dollar, British pound, or Japanese yen).

More ‘traditional’ forms of cryptocurrency are infamously volatile. You’ve probably seen reports of Bitcoin’srecord volatility levels, which hit a staggering 8% in 2017. It’s this volatility which often puts people off from investing in digital assets – even experienced traders who follow the markets carefully.

Stablecoins are an innovative solution to this problem. Instead of deriving their market value from the number of traders, exchanges, and coins in circulation, stablecoins are tied to a fiat currency. This means that their value is designed never to fluctuate from a fixed amount – for example, 1 AUD or the price of a stable commodity.

What is the value of Tether?

Tether (USDT) takes its value from the US dollar. According to the company which owns the stablecoin, Tether Holdings Ltd, 1 USDT will always be equal to $1, with an additional $1 held in reserve. This means it’s nowhere near as volatile as Bitcoin and other cryptos, making it a far safer investment.

Tether can be easily exchanged

As a stablecoin, another benefit of Tether is the fact that it can be easily exchanged. Although this hasn’t always been the case, it’s currently possible for Tether investors to exchange each Tether token in their wallets for $1, making it simple to convert their digital assets into ‘real’ money.

Tether is ‘the digital dollar’

For this reason, Tether is often known as ‘the digital dollar’ and a ‘digital-to-fiat currency’. Because its value is relatively consistent in comparison to cryptos such as Bitcoin, Litecoin, or Ethereum, many traders treat it straightforwardly as an alternative form of fiat currency. This makes it a convenient intermediary stage between other cryptocurrencies and hard cash. Simply exchange your Bitcoin reserves for Tether, then convert it into dollars.

There is no fixed number of Tether tokens

For many people, one of the most confusing aspects of Bitcoin is the fact that the total number of Bitcoin tokens is fixed. There can only ever be 21 million tokens in circulation. This might sound like a lot, but reserves seem a lot thinner when you consider that there are already roughly 18,500,000 in circulation, just over 10 years after the launch of Bitcoin in 2009 – and that this number is predicted to change every 10 minutes.

Bitcoin halving

To help regulate the circulation of Bitcoin, a process known as ‘Bitcoin halving’ occurs every four years. This is when the price of Bitcoin is cut in half, happening most recently in May 2020. Before this point, miners earned 12.5 Bitcoin (BTC) per ‘block’. They now earn 6.25 BTC.

Because the value of Tether is fixed, the number of Tether tokens in circulation makes no difference to its worth. This arguably makes it a more secure long-term investment than Bitcoin, which has an inevitable expiration date.

Categories
Bitcoin Press Release

Welcoming BTC to AUD Transactions on CoinMetro

From now on, you can exchange Bitcoin to Australian Dollar on CoinMetro. CoinMetro is your one stop shop for crypto trading. Products vary from a quick buy widget to a pro margin trading platform to copy trading and an STO marketplace launching very soon.

They have just added AUD deposits, withdrawals and  BTC to AUD trading pairs.

BTC to AUD – Why Local Currency Support Matters

CoinMetro is working towards making crypto accessible for everyone. They have been offering BTC to EUR transactions for a while now. A few months ago, they added BTC to GBP among the currency pairs. Starting from this week, conversions with the Australian dollar are also available. 

One of the pillars of making crypto accessible for everyone is local currency support. This is why CoinMetro is continuing to add more currency pairs to their platform. A big part of their strategy is to offer fiat on and off ramps for people trading or investing in crypto.

Being able to trade in their native currency is great news for all Australian traders. The new currency pair lets you move in and out of crypto right from your local bank and currency. This is a game changer on many levels, such as cost-efficiency and security.

Local Currency Trading Saves You Money

The logic behind this is simple. Local currency support eliminates the need for conversions. To this date, there was a lack of crypto exchanges that enable trading in AUD. So, traders had to convert their funds from BTC to AUD and vice versa. First off, this is time consuming. Every additional step makes the trading process more tedious. And secondly, every conversion costs money. So, traders lost funds in conversion fees. 

Trade Bitcoin to Australian Dollar Securely 

There is no way to bypass security when talking about trading. Having certainty in your funds being safe is just as important and saving on fees and time. With CoinMetro, you don’t have to worry about this. CoinMetro is a fully licensed EU exchange with an excellent track record and holds licenses in Australia as well. 

Excellent Service at the Core

Customer service has a crucial role in their operations. Trading and investing into crypto is a financial activity. As such, customer service is key. they know how important it is for traders to have support on any questions that relate to their funds. Their support team is available 24/7 and ready to help traders with any questions about the product. 

Head over to CoinMetro crypto exchange and start trading BTC to AUD! They support all major cryptocurrencies – take your pick from ETH to AUD, LTC to AUD, XRP to AUD and many more.

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Bitcoin Sponsored Article

Violation of privacy is a crime loophole. How to protect yourself with a Bitcoin mixer

Bitcoin can be sent without providing personal information, and therefore it is often called anonymous currency. However, this is an extremely erroneous wording – the privacy of the Bitcoin user in practice is a big question, if not to say that it is often simply impossible.

A more correct definition of Bitcoin would be pseudoanonymity. In Bitcoin, the pseudonym is the address to which the user receives coins or from which he sends funds. Each transaction involving this address is forever stored in the blockchain, and if the address is associated with any user, all other transactions will also be associated with him.

The white paper of Satoshi Nakamoto recommends using a new address every time a new transaction is made. This recommendation remains relevant today, but often this is not enough to ensure the privacy and anonymity of users.

Since its inception, Bitcoin has never provided true privacy. And while Satoshi Nakamoto’s document says that privacy is the goal of the protocol, governments, hackers and other stakeholders who spy on crypto users can analyze the public blockchain by grouping Bitcoin addresses and linking them to IP addresses or other identifying information.

Lack of privacy is a real problem in today’s world. For example, Bitcoin users may not want someone to know what they are spending their money on, how much they earn and what they own, and companies may not want information about transactions to go to competitors, while the lack of anonymity carries a real threat of digital funds loss and even physical harm to their holders from criminal structures and elements. In addition, lack of privacy can lead to a loss of fungibility in monetary units, meaning that each has the same value as any other.

Is there a way out of danger?

The owner of Bitcoins has the ability to create many addresses that are not tied to a person. Bitcoins that will be sent to these addresses have their own public transaction history, and everyone who has ever owned these Bitcoins can de-anonymize themselves, as well as the person or organization from which he accepted these Bitcoins, and to whom he sent them.

In the blockchain, the address of the owner of the Bitcoin is visible, and his identity must be established using additional methods. If such traces are not left, then relative anonymity can be maintained in the blockchain system. The point at which Bitcoin can move from anonymity to identification is trying to convert it into fiat currency through exchanges or wallets. You can de-anonymize yourself by exchanging Bitcoin for cash. But there is a way to keep your actions private on the blockchain.

Bitcoin mixing service BitMix.Biz

Bitcoin mixer is a tool with which you can increase the degree of anonymity in working with cryptocurrency. The algorithm is very simple: the user sends cryptocurrency to the mixer address, which is generated separately for each client, his coins are mixed with transactions of other users or distributed among hundreds of thousands of wallets within him. After that, Bitcoins clean from the information of previous transfers, go to the storage necessary for the sender, returning back to the owner or transferring to the wallet of the new owner.

Bitcoin mixing service BitMix.Biz provides an instant process of mixing your Bitcoin, Litecoin and Dash coins, regardless of the amount of digital currency that you want to clear, since it has the large pool of prepared, that is, pre-cleared cryptocurrency units among others. This eliminates the need to wait for confirmation of the entire set of transactions involved in the mixing.

The solidity of the service is confirmed by the many positive user reviews that BitMix.Biz has gained over several years, a letter of guarantee confirming the crypto addresses of the mixer using 1BitmixQRMUHYYEi11KBRhSfACa1BtcZrZ key, as well as deposits of $ 15,000 on some special forums (if you want to know which ones, write a letter to service support).

For mixing large amounts of digital funds, there is an optional randomization option that provides the safest mixing currently available. Use mirror on the TOR network as an additional safeguard to prevent surveillance of the movement of your digital assets.

When clearing crypto, use the features offered by BitMix.Biz to help you buy time in the race against hackers and a variety of spies who want to poke their nose into your finances. The random fee for the service makes it difficult to track the amount of the transfer, and the delayed time for sending coins blocks the ability to track your identity at the time of sending. Both functions described are available in automatic mode, but you can also select their values yourself manually.

Website: bitmix.biz/en
FAQ: bitmix.biz/en/pages/faq

Tor: bitmixbizymuphkc.onion

Categories
Crypto Trackers Review

Kubera Brings Crypto Portfolio Tracking to the Next Level

Crypto portfolio managers have been all the rage ever since the crypto boom of 2017. A new modern day app called Kubera has recently launched and it has some really cool features.

Some key benefits of Kubera:

  • Kubera is the only portfolio tracker that supports Fidelity & Coinbase together.
  • It’s simple to use – As easy as entering your assets in a spreadsheet. You can organize everything the way you want.
  • Supports all kinds of assets – banks, cash, stocks, bonds, funds, crypto, real estate, art, vehicles, domains, digital assets, everything.
  • Connect to your online accounts – banks, investments & crypto accounts. Get latest values automatically from thousands of banks, fintech apps, and all major crypto exchanges & wallets.
  • Single sign on support for Google/Gmail.
  • You can also track your Debts including loans & credit cards in Australia.
  • You can also track your insurance policies.

Crypto Support

Kubera has built-in support for all major cryptocurrencies – just enter the code and quantity in the value field to see the value in your portfolio currency.

Video show Litecoin added as an asset to be tracked by Kubera.

Connecting to Crypto Exchanges

You can connect you most of the popular crypto exchanges including Binance and Coinbase. This is simply done by adding the exchange read-only API key.

Why is it different from a spreadsheet?

  • Excel or Google Sheets require formulas – Kubera handles all the formulas in the background for you.
  • Excel or Google Sheets require data sources for automatic updates –  Kubera can connect directly to your Crypto exchanges & wallets and Bank accounts.
  • Kubera can connect directly to your Crypto exchanges & wallets and Bank accounts.
  • Kubera has a beneficiary service which activates if you’re inactive for a certain number of days, to ensure safe transfer of information about your wealth to your family.

How much does it cost?

Kubera runs as a straight forward subscription service – No owning your data, no up-selling of advisor services, no selling data and no ads.

Try before you buy! – Kubera is Free to use with unlimited access to all the features for 100-days.

Categories
Trading

CryptoAltum Makes Crypto Trading Easy and Accessible to Everyone

CryptoAltum is a feature-rich CFD trading platform with a special leaning towards digital assets. Its multi-asset trading environment offers exposure to cryptocurrencies, Forex, precious metals, and indices contracts.

Unique Trading Experience on CryptoAltum

The easy-to-use CryptoAltum platform is designed to accommodate both novice and experienced traders, with desktop, mobile and web versions available.Registration is instant as traders only need to provide their name, email address, and country of residence.

Once the account is open, traders can fund their account with BTC, XRP, LTC, ETH, BCH or USDT and trade over 80 instruments, 24/7.

With a multitude of distinct products and services, traders from around the world will benefit from:

  • 60+ crypto pairs
  • Forex, gold and indices
  • 1:500 crypto leverage
  • Lightning-fast order executions
  • No KYC requirements
  • Average BTC spread just $3
  • Zero commission
  • Unrestricted crypto deposits and withdrawals
  • 24/7 trading and support

Safety andSupport

CryptoAltum has implemented strict cyber security measures to assure the safety of funds and private client information stored on the platform. The clients’ private information that’s collected and stored is minimal as the only identifying information is a valid email address. Moreover, client crypto funds are held on external cold storage devices. The platform also has advanced protection against malware and viruses, as well as key logging software to preserve its integrity. If clients at any point have issues with trades, they can contact the CryptoAltum customer support team 24/7 through email, live chat,Facebook Messenger, Telegram or WhatsApp.

Understanding the Cryptocurrency Exchange and FX Market

Knowing how the cryptocurrency exchange and forex market work is essential for traders and that’s why CryptoAltum offers many free resources in their company blog section.The blog is updated with educational articles about CFDs and the technical aspects of trading, as well as daily market analysis.

Overall, CryptoAltum has managed to build an innovative trading platform that can deliver an exceptional crypto trading experience to all types of traders.

Categories
Crypto Exchange

Buying Bitcoin in Australia: Exchange, Broker or P2P?

coinstash

For many people, finding the right cryptocurrency trading platform has always been a challenging task. To date, the cryptocurrency trading industry is still very fragmented, as there arguably isn’t a single platform that solves all of the customer pain points.

To a lay person, the term ‘cryptocurrency exchange’ is typically used to address every single crypto trading platform. However, this is far from the truth. When considering where to trade cryptocurrency, one needs to choose between an exchange, a broker or a P2P trading platform.

Of course, each category outlined above has its own pros and cons. To help us understanding these pros and cons, it is useful to lay out some key attributes a customer looks for in a crypto trading platform:

  • Security;
  • Privacy;
  • Ease of onboarding;
  • Speed of deposits / withdrawals;
  • Qualify of customer support;
  • Level of fees;
  • Liquidity;
  • Rewards;
  • Range of trading assets; and
  • Quality of trading engine.

At Coinstash.com.au, we have surveyed more than 200 people. The paramount consideration among our sample audience is security. This is unsurprising given the number of exchanges that have gone under over the years. Now we have set the scene, let’s take a look at each category and see how they fare against one another.

An exchange is much like the Australian Stock Exchange, but for cryptocurrency. It has an order book with buy and sell orders. Various traders around the world can then place their orders and they either get filled or added to the book. Reputable global exchanges include Binance, Liquid and Kraken to name a few. In Australia, the top two exchanges are BTCMarkets and Independent Reserve. Exchanges typically have large volumes, high liquidity, fast settlement, large range of trading assets and lower fees. The downside of exchanges is that they are typically not very beginner-friendly and lack real-time customer support. Lastly, there are a lot of negative press around exchanges going down and losing customers’ funds, including the infamous Mt Gox incident.

A broker platform such as Coinstash.com.au offers a more tailored, customer-centric service compared to an exchange. This is why many high networth individuals typically have a go-to broker rather than trading themselves on an exchange. A broker platform is exactly as it sounds — imagine ringing up your stock broker and asking them to buy $10,000 worth of a certain stock by a certain time. In the crypto world, a broker platform acts as a nice fiat gateway which enables customers to get their coins with a few clicks of a button, at a price set by the broker. At Coinstash.com.au, they even offer a dedicated account manager for each active customer, enabling a true broker experience. Coinstash has also demonstrated its credibility by participating in Australian Government Austrade’s landing pad program.

A P2P (peer to peer) trading platform such as LocalBitcoins and Paxful are useful for new traders who want to protect their privacy. This is because personal information is typically only given to the other trader and not necessarily shared with the platform. P2P trading platforms also tend to have flexible payment options which is a bonus for many new traders. The downside of P2P platforms includes the fees are typically high, customer experience can vary depending on the counterparty, as well as the risk of receiving laundered money.