Category: Crypto News

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Australia Coinjar Crypto Art Crypto News Melbourne NFTs

Melbourne Street Artist Lushsux Has Made Over $500,000 From NFTs

Lushsux has become one of the most popular street artists in Melbourne, reaching international recognition for his large mural paintings depicting internet meme culture. He has now become one of the highest-paid artists in Australia, selling his NFTs for over $500,000 AUD.

Over the weekend, Lushsux has sold over $130k worth of NFTs with some pieces that originally sold for $333 are today reselling for over $20k.

Some of his most popular (and controversial) paintings represent the latest trends in the meme culture. His artwork ranges from politicians like Donald Trump in the form of ice cream, or popular icons in the crypto scene, including Doge, Elon Musk with a “genetically engineered catgirl” and the CEO of Binance Changpeng Zhao with laser eyes.

“Funds are Safu,” a limited edition at Makersplace

In an interview with Coinjar, Lushsux admitted he was not deep into the cryptocurrency space at first, but he saw a great opportunity in it and, especially, in the NFT industry.

The idea of selling JPEGs and other digital content for thousands of dollars seemed like a “cool idea” to him, and he’s now selling his work in markets like Rarible and Nifty Gateway.

I sold a piece called ‘The 8’ for 88.8 ETH, or like $250,000. I’m literally one of Australia’s highest paid living artists. Top 20 at least. And some guy is trying to sell one of my Elon Musk portraits for $1.4 million. You could buy a Whiteley for that price. Or, like, a 2-bedroom house in Melbourne.

Lushsux

NFTs are still in season

NFTs are Digital creations that provide certain benefits for their creators, like copyrights, transparency, and better revenue. Some of these artworks are being sold for hundreds of thousands —and even millions. Read more about it in our guide to NFTs.

The NFT craze reached the mainstream due to these millionaire purchases, calling the attention of artists, musicians, and other celebrities who now see it as an opportunity to promote their work. Even former NSA consultant Edward Snowden auctioned an NFT for US$5.4 million.

Lushsux said NFTs are an “excuse to spend more time building things in the digital world,” although he doesn’t believe the market will be sustainable in a few months.

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Bitcoin Crypto News Market Analysis Markets

ASX Prices Climb as Bitcoin Price Plummets On Anzac Weekend

ASX Prices Climb as Bitcoin Price Plummets On Anzac Weekend
A board displaying stock prices is seen at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray

Over the weekend, Australia’s leading share market index S&P/ASX 200 saw a notable increase in price. Interestingly, the gains in ASX coincides with Anzac Day public holiday. This raises some questions on whether the increase in the Aussie market was related to the nation’s remembrance day.

Meanwhile, the leading cryptocurrency Bitcoin (BTC) declined within the week, while the S&P/ASX 200 gained.

Anzac-ASX Market Move

The 25th of April is the Australian and New Zealand Army Corps (ANZAC) Day, dedicated to commemorate the soldiers “who served and died in all wars, conflicts, and peacekeeping operations”, especially those in the Gallipoli Campaign during World War I.

It seems Aussie traders and investors got optimistic about Anzac Day as S&P/ASX 200 increased by almost one percent in two days leading up to the remembrance day.

ASX 200 chart. Source: Market Index

Within the same period, Bitcoin declined by over three percent from $51,739 USD on Friday to $50,052 USD on Sunday.

Bitcoin price chart. Source: Coinmarketcap

ASX Drops 0.2% on Monday

On Monday though, the Australian share market lost some points. The ASX/S&P 200 dropped by about 0.2 percent of its opening value. The market closed at 7045.6 points, according to data from Market Index. The drop may be attributed to the fact that there was a low trading volume on the market.

ASX 200 chart. Source: Market Index

Bitcoin, however, gained some points on Monday. At the time of writing, it was trading at $53,772 USD on CoinMarketCap, which represents about an 8.11 percent increase over the past 24 hours. Bitcoin maintains a market capitalization above $1 trillion USD.

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Bitcoin Blockchain Crypto News Cryptocurrencies

UK Court Allows Craig Wright To File Lawsuit Against Bitcoin.org

Bitcoin on dark background
Bitcoin on dark background

Bitcoin.org — one of many websites that host the original Bitcoin whitepaper — is allegedly managed by someone who goes by the codename Cøbra. London legislators have allowed Craig Wright, who claims to be Satoshi Nakamoto, to file a copyright lawsuit against them.

A new round of Cøbra vs Wright?

Craig Wright is the chief scientist of blockchain firm nChain and he has claimed to be Satoshi multiple times. He attempted to have the Bitcoin whitepaper taken down by websites hosting it, even though this goes against the original ethos of the Bitcoin project.

When the takedown request came, the staff at Bitcoin.org (among others) publicly stated their refusal to comply. Besides, Satoshi’s PGP key is well-known: this could be used to prove the authenticity of the claim, which Craig Wright has never done.

We will continue hosting the Bitcoin whitepaper and won’t be silenced or intimidated. Others hosting the whitepaper should follow our lead in resisting these false allegations. We believe these claims are without merit, and refuse to [take it down].

Cøbra, domain owner of Bitcoin.org

It’s worth stressing that the court has not ruled in favour of Mr Wright in any way. The decision only allows the lawsuit to be filed — against an Internet pseudonym.

Furthermore, Cøbra has already expressed their disdain for the ruling, stating that they will not allow themselves to be bullied into compliance with Mr Wright’s demands. However, they have also stated that if they must give up their anonymity in order to fight to keep the whitepaper online, they are ready to do so. 

The Bitcoin whitepaper itself was published under a free and permissive MIT licence in 2008 and it has been hosted by numerous Internet activists, as well as governments.

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Crypto News NFTs

Solana (SOL) Has Surged 4000% in Just Four Months

Solana (SOL) reached $43.64 on Sunday, a new all-time high followed by outstanding success in its protocol development and the integration of new DeFi projects.

A 4000% Growth in Just Four Months

SOL has outperformed various tokens in the market, going from $1 USD in December 2020 to $43.64 USD on Sunday. This is a 4000% growth in just nearly four months. Another boost for SOL came after getting listed on Binance on April 10, spiking 300% after the announcement.

SOL/USD: TradingView

Its new price record comes after the integration of successful projects, including Solstarter, which is the first Initial Dex Offering powered by Solana, and Chainlink which is now its decentralised oracle solution.

NFTs Coming to Solana

Solana is experiencing tremendous growth as more projects decide to build on its blockchain. Its fast throughput and its hybrid model of Proof-of-history and Proof-of-Stake have called the attention of many investors and DeFi protocols.

Solana also plans to work with upcoming projects such as Star Atlas, a next-gen virtual metaverse that will bring Non-Fungible Tokens (NFTs) to the protocol.

Solana is currently the thirteenth currency per market cap, according to CoinMarketCap, with a $12 billion USD market cap. Solana is now becoming one of the hottest tokens in the DeFi space: will it overtake BSC (Binance Smart Chain) in the upcoming months?

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Bitcoin Bitcoin Cash Bitcoin.com Games Crypto News

Free Spin Mondays – Claim & Win Bitcoin on Bitcoin.com Games

Bitcoin Games Free Spins Mondays
Bitcoin Games Free Spins Mondays

Bitcoin Games, a popular online casino, are running a special promotion every Monday offering 50 free spins on their online pokies games. Eligible players can claim their free spins and try to win BTC.

How To Claim Your Free Spins

The ‘Free Spins Mondays’ promotion is available for all Bitcoin.com Games. To claim the reward:

  1. Go to the Bitcoin Games website
  2. Click Sign Up
  3. Verify your email address
  4. Deposit $50 AUD
  5. Wager $50 AUD on games
  6. You will then receive your 50 free spins

The minimum deposit to be eligible for the bonus is $50 AUD in currency equivalent Bitcoin (BTC) or Bitcoin Cash (BCH). The maximum amount a player can win from the Free Spins is $100, rewarded in Bonus Money. Free Spins rewards will expire after 3 days if unused. For more details, read the terms and conditions of the promotion directly on Bitcoin Games website.

About Bitcoin.com Games

Bitcoin.com Games logo

Bitcoin.com Games is an online casino where you can play popular games using Bitcoin (BTC & BCH). Players from Australians and worldwide can play over 110 games which include Slots (Pokies), Table games, Live casino, Jackpots. Features include playing anonymous without KYC or creating an account, instant deposit & withdrawals – no waiting to cashout, and 24/7 support.

Gambling Addiction Support

Gambling addiction is a real problem for some people – if you need help please call the Australian Gambling Hotline 1800 858 858 or visit gamblinghelponline.org.au for support.

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Bitcoin Crypto News

Quantum Computers Are Not a Threat To Bitcoin (Yet), Expert Explains

Quantum Computers Are Not a Threat To Bitcoin (Yet), Expert Explains

Andreas Antonopoulos, a Bitcoin advocate, and expert Bitcoin technologist said in the recent interview that a quantum computer would not pose any threat to the Bitcoin (BTC) network, provided that technical updates and developments don’t stagnate.

A Question on Bitcoin’s Security

Bitcoin is the first successful decentralized digital currency for transferring value, and it currently has a market capitalization of $929 billion USD during press time. Presently, it’s believed that BTC transactions or networks cannot be compromised by an adversary, thanks to blockchain, which is the technology behind every cryptocurrency, including Bitcoin. 

In the future, however, some claimed that Bitcoin security could be cracked using a more complex and powerful system, like quantum computers. Such a computer is capable of breaking the mathematical difficulty and key cryptographic protocols used in securing Bitcoin and other cryptocurrencies.

Antonopoulos spoke on this, saying that a quantum computer would possibly break into the BTC network only if quantum-resistant updates weren’t made to the Bitcoin network. 

Are Quantum Computers a Threat to Bitcoin Security?

I don’t think so. Not in the short term simply because we don’t have a quantum computer capable of breaking Bitcoin’s key size. In the medium to long term, possibly, but only if Bitcoin development stagnated, and there weren’t upgrades to quantum-resistant signature algorithms.

Antonopoulos answered.

Quantum computers can only impact Bitcoin’s key signature algorithms, not the hashing. This is because BTC ASIC mining machines are extremely fast compared to the estimated clock speed of near-term quantum computers, meaning that hashing is more robust compared to quantum computers. So, upgrades are needed for the BTC key signature algorithm, “if/when quantum computers get fast enough,” Antonopoulos added. 

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Australia Crypto News Regulation

Australian Big Banks Will Be In Trouble When Global Competition Comes With Blockchain Ready Solutions

We are seeing a surge in interest in cryptocurrencies and blockchain technology in Australia and worldwide. Still, many in the local crypto community fear that outdated Australian regulations and indifferent policymakers prevent local investors and businesses from getting involved.

Steve Vallas, CEO of Blockchain Australia, claims the country has the potential to become a leader in digital assets and blockchain development but is instead falling behind global competitors. “We’re well placed but that doesn’t mean we’re doing a good job,” he said.

“The big banks will absolutely have their lunch eaten when globally competitive businesses set up shop here,”

Steve Vallas for Business Insider Australia

At Blockchain Week Australia, Vallas warned that the big banks are dragging their feet when it comes to digital currencies, and they will have no choice but to take cryptocurrencies more seriously once foreign competitors come into our country.

Australia Needs Better Regulation

The surge in interest for cryptocurrencies has led Australian-based exchanges to record large trading volumes and activity in only six months. The number of corporate accounts, including SMFS, has grown in platforms like BTC Markets and Binance Australia.

However, despite the growing interest, local authorities have barely done anything to regulate the environment. The lack of clear regulatory laws in Australia forces crypto-enthusiast to look overseas for a better environment or, even worse, to invest in doubtful, shady crypto companies.

“They haven’t done anything because they don’t have to right now, but once the big international guys move into this space in Australia they won’t have a choice.”

— Said Adrian Przelozny, CEO of Independent Reserve [Business Insider Australia]

Philip Lowe, governor of the RBA, reiterated the bank’s intention for launching a national digital currency, but Przelozny claims big institutions are not taking crypto seriously.

Banks Affected by Lack of regulations

The lack of regulation on cryptos seems to affect banks as well. Ross McEwan, CEO of National Australia Bank —one of the four largest banks in the country— shared the concerns of the blockchain community.

We need to think, as a country, ‘what is crypto, how could it be used, and do you trade it?’. If it is something that should be traded safely, [how do] we make it safe?. Those are the issues we need to think about, and quite quickly, because people are making a livelihood out of trading.”

—Said McEwan, speaking to a House Committee

As previously reported, Australian authorities need to provide a better, updated infrastructure for the crypto market to compete globally, according to Caroline Bowler, CEO of BTC Markets.

“Australia needs regulatory oversight. I do think that regulatory clarity will help with other international projects and partners. We are strong advocates for proportional, appropriate regulation of our sector’s risks. With that, we can build a robust, responsive industry ready for the future.”

—Said Bowler.
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Crypto News NFTs

Eminem is Dropping His NFTs “Shady Con” on Sunday

Eminem is Dropping His NFTs on Sunday
AUSTIN, TX – OCTOBER 11: Eminem performs in concert during the Austin City Limits Music Festival at Zilker Park on October 11, 2014 in Austin, Texas. (Photo by Gary Miller/FilmMagic)

Eminem, one of the biggest American rappers of all-time, recently revealed he would be dropping his digital collectibles in a few days.

This makes Eminem the latest artist to join the non-fungible token (NFT) market, which has gained massive traction since the beginning of the year.

Eminem Joins The NFT BandWagon

On Thursday, the US rapper revealed on Instagram that he would release his digital collectables on Nifty Gateway, one of the leading NFT marketplaces, on Sunday April 25. The NFT contents dubbed “Shady Con” will provide the collectors access to the rapper’s one-of-a-kind beats made explicitly for this release.

“Not much has changed for me as an adult…I’ve attempted to re-create some of those collections from that time in my life, and I know I’m not alone. I wanted to give this drop the same vibe of, ‘Oh, man, I gotta get just that one or maybe even the whole set!’ It’s been a lot of fun coming up with ideas from my own collecting passion,” 

Eminem commented

Eminem has an interest in collectibles. While speaking on his move to the NFT market, the rapper admitted that he has been collecting lots of items, including comic books, toys, and baseball cards, during his childhood. 

Eminem joins other artists such as Boy George, Snoop Dogg, and The Kings of Leon join the NFT space.

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Crypto News Giveaways NFTs

Weekly Giveaway – Get This Tigersaurus NFT for Free!

We’re giving away an NFT each week for a few weeks to reward our readers, and help them participate in the crypto space and learn about non-fungible tokens (NFTs).

This weeks giveaway is this awesome Tigersaurus! You can view the item on the NFT marketplace OpenSea.

How to win:

Good luck!

This item is a Sandbox NFT which means it can be used in The Sandbox Game as an avatar. You could buy some virtual land and take your unicorn for a walk! … or just let it roam free.

What are NFTs?

Non-Fungible Tokens (NFTs) are virtual tokens minted on the blockchain for digital scarcity, security, and authenticity. They are unique, indivisible, and non-interchangeable – allowing true digital ownership of in-game assets.

About The Sandbox Metaverse Game

The Sandbox metaverse is split into 166,464 LANDS, creative sandbox areas owned by you, the players. You can create and monetize online games on your land or rent it to someone else to publish their own creation. Each piece of LAND has a pre-defined default terrain, but you can modify this as you build your own content.

Previous weekly winners:

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Crypto News DeFi Investing

New DeFi Coin “SafeMoon” is Designed For HODLing With 10% Trade Fee Warning

SafeMoon is a decentralised finance (DeFi) token that launched in March 2021 with the aim of protecting their investors against whales that create bubbles and speculation sell-off that can damage a brand’s future prospects. Basically the token rewards you for having diamond hands in a new token class they call “reflection tokens”.

We’ve all been there, seeing those shiny 6 digit figures can be pretty damn tempting to jump in. However, almost always the token suffers from the inevitable valuation bubble, which is then followed by the burst and the impending collapse of the price.

SafeMoon White Paper

SafeMoon is Expensive to Trade

If you’re thinking of trading the SafeMoon coin then think again because you will be hit with a massive 10%-12% trading fee. With 5% of every purchase or sale is redistributed amongst all wallet holders, and the other 5% is split half burned half sold into BNB because of a contract.

SafeMoon Tokens Supply

According to the SafeMoon white paper there is a total token supply of 1 quadrillion, with a launch supply of 777 trillion. If you sell it, you will be hit with a 10 to 12 per cent transaction fee, half of which is redistributed to existing holders, helping to create what they hope will be a ‘price floor’. This mechanism was added to reduce the likelihood of pump and dump schemes.

1,620 Cryptocurrency Dead Coins

Cryptocurrencies are gaining popularity, with some 106 million users globally trading in more than 2,300 cryptocurrencies. However, 1,620 have crashed (“dead coins”) some of which were caused by pump and dump schemes or massive speculative sell-off. This is important to note, as these new coins promise prices to the moon, and a lot of them end up as dead coins.

How Is SafeMoon Different From Other Liquidity Providers?

SafeMoon has three functions that take place during each trade: Reflection, Manual Burn, and LP Acquisition.

The rewards from providing liquidity are static, compared to others that fluctuate based on the amount of coins that help provide liquidity. This is called reflection, and aims to eliminate problems caused by these farming rewards.

Sometimes burns matter; sometimes they don’t. Manual Burns are a strategy that aim to implement a burn strategy that is beneficial and rewarding for those engaged for the long term.

The white paper states that “Automatic Liquidity pool (LP) is the secret sauce of SafeMoon”. Essentially this process is there to help keep the value of the coin more stable when people start selling, through the various methods of capturing LP and reinvesting it into the pool.

How They Plan to Ensure Safety

  • Developers burned all tokens in the Dev Wallet prior to the launch
  • Held a fair launch on DxSale
  • LP locked on DxLocker for 4 years
  • LP generated with every trade and locked on Pancake

Toward the future they plan an integration process with WhiteBIT, a crypto-to-fiat currency exchange offering more than 150 trading pairs, and BitMart, the cryptocurrency trading platform. SafeMoon also plans to develop a non-fungible token (NFT) exchange, as well as charity projects and crypto educational apps.