Category: Cryptocurrencies

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Australia Crypto News Cryptocurrencies Dogecoin

The Kid LAROI Makes A Cameo In Musk’s Doge Tweets

After hitting the number one spot on Australian music charts in 2020, Aussie rapper The Kid LAROI also hit the trending section of Twitter by popping up in one of Elon Musk’s many Doge-related tweets.

Guest on SNL and Doge Tweets

The tweet came shortly before the rapper from Sydney was due to appear on SNL along with Miley Cyrus, in an edition of the show hosted by Elon Musk.

The original image – conspicuously missing the mischievous Shiba Inu – was posted to Miley Cyrus’s Instagram shortly before the edit made it to Twitter.

With Doge, Without You

Before getting tweeted with the mascot of Dogecoin (DOGE), The Kid LAROI and Miley Cyrus reportedly met through Omer Fedi, the co-writer and producer of his hit single “Without You”.

We met through Omer because we’d been working together, and we talked about maybe doing a remix of “Without You”. Omer came to me and was like, ‘Hey, would you want Miley to do the remix?’ And I was like, ‘Yeah, that would be dope’. So, we just linked up, met in the studio, she cut the record and then we went and hung out and had a little party. She’s cool as f—. I remember when my cousins used to force me to watch Hannah Montana, so collaborating with her was pretty cool.

The Kid LAROI [source]

Reaching international stardom through his singles Let Her Go and Go – both of which made the Hot 100 billboard – The Kid LAROI is also the youngest Aussie solo artist to gain the number 1 spot on the ARIA charts through his 2020 mixtape.

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Binance Coin Cardano Crypto News Cryptocurrencies Ethereum

Ethereum Reaches $5k AUD

Ethereum (ETH) price hit $5,000 AUD during the weekend, just inches away from $4,000 USD ($5,099 AUD).

ETH/USD. Source: TradingView

ETH is one of the top cryptos having recorded significant gains in recent weeks, next to Cardano (ADA) and Binance Coin (BNB).

Top 5 cryptos by market cap on 10 May 2021
Top 5 cryptos by market cap on 10 May 2021

Altcoins Breaking Records

While BTC faces tough resistance, the altcoin market has been mostly bullish this weekend, with Ethereum achieving a new all-time high of $3,980 USD, maintaining a steady level between $3,800 – $3,900 USD.

Weekly Market Overview: Quantify Crypto

Another great gainer was ADA, reached a new all-time high with a 14% gain after a sharp price drop, being traded at around $1.83 on many exchanges. The surge in price put ADA back on the fifth spot in the market according to CoinMarketCap, taking the spot of Tether (USDT). Now ADA seems to be aiming at testing the $2 psychological barrier if the bull run continues.

BNB gained over 10% in price in the last weeks, reaching $659 USD with a strong buying sentiment. If the bull run continues, the next target for BNB could be above $800 USD.

ETH vs BTC

After falling down to around $49k USD amid hashrate drops due to blackouts in China, Bitcoin recovered some of its market dominance, reaching $75k AUD on Saturday.

However, BTC failed to keep its upword trajectory, receeding to $72k AUD as the weekend trails away. At the time of writing, its price is hovering around $74k AUD.

Crypto Market Locking US$2.4 Trillion

Crypto Total Market Capitalization, 10 May 2021 [CoinMarketCap]
Crypto Total Market Capitalization, 10 May 2021 [CoinMarketCap]

The total market cap added $60 billion this weekend, now sitting on a $2.46 trillion total market cap. The crypto market could experience a considerable boost if Citibank decides to add crypto-related services to its clients after seeing massive demand for crypto assets.

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Australia Crypto News Cryptocurrencies Investing

Australian Traders Favor Crypto and Stocks Almost Equally – Recent Survey Shows

It seems cryptocurrencies are calling the attention of ASX investors as they seek more speculative assets like Bitcoin and Ethereum.

According to a survey from TradingView, cryptocurrencies are the second most preferred assets, outranking other traditional assets like bonds and futures.

Key Points:

  • 59% of Australian traders said they trade cryptocurrencies (compared to 64% Stocks and 32% Forex)
  • 230,000 Australians are registered on TradingView (up 340% since 2019)

Cryptos Brushing Stocks

The survey, in which 2,134 Australians participated, was divided into two categories: veteran traders with over five years of experience and newer traders.

54% of experienced traders said they would include crypto-assets in their portfolios, while 65% of new traders were even bullish on crypto, outlining the strong surge in interest for digital assets across the country.

Stocks remained the most popular option for investors, however, by a small 3% margin. Fiat currencies remained the third most popular option for traders, followed by exchange-traded funds, options, and futures.

Source: TradingView

Cryptocurrencies are having strong momentum in the country as more Aussies recurred to sites like TradingView to check in on the latest market movements.

There are 230,000 Australian users registered in TradinView, and at least 100,000 registered on the site in 2020, marking a 340% increase from 2019 and 2.25 million unique visitors in Australia last year.

“The popularity of cryptocurrency appears to be moving ahead of most traditional asset classes [. . .] This brings a new level of ‘credibility’ for crypto and Bitcoin in particular, and could help sustain the current momentum for a longer period of time.”

— Glenn Leese, director of growth for Australia at TradingView

Not only the number of investors is growing, but Australian-based blockchain companies and crypto communities are taking significant steps to bring awareness to the regulatory environment in the country.

A recent Australian company that hit an important milestone is Fantom Foundation, passing 3 million transactions on May 5, now processing over 200,000 transactions daily.

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Cryptocurrencies Investing Payments

Startup Pays Contractor In Crypto, Then Requests It To Be Returned After It Mooned

A freelancer who was paid in cryptocurrency in August 2020 was recently left stumped by the CEO of a startup he had worked for, who requested he return the crypto and invoice the company in USD at the original rate.

Return Sevenfold Gains

According to the freelancer – who went by the name Crypto Confused when writing to The Moneyist, a column dedicated to financial advice – his advertising and market research activities for the company were billed in an unspecified cryptocurrency that has since grown by 700%.

He has since been contacted by the CEO of the small company who contracted his services, stating that since his services had not brought the company any direct revenue, he should return the cryptocurrency and rebill the company in USD.

According to Crypto Confused, the company was still struggling to find clients despite the services he and others provided.

“Please note that there have been several other people trying to sell the company’s solutions. It is a startup and so far, they are still trying to generate their first dollar in sales. The purpose of the contract was to generate sales and it included a commission component, but the understanding was that I would bill hourly for cold calling and emailing people, generating proposals, setting up meetings, participating in and leading pitches, etc., with the goal of generating revenue.”

In the letter to The Moneyist, he stated that he has known the CEO in question professionally for years, and this wasn’t the first time he had tried to change the terms of a job.

Crypto Confused asked for advice on how to respond to the situation – and was advised to not send back a single satoshi.

“No. Alas, no. No, thank you. Absolutely not. Ask me again in 2121.”

Leaving aside the possible legal ramifications of the CEO’s laughable request, it’s worth asking: would he have written the same email if crypto had tanked instead?

Although the contract with the unnamed company did state that payments could be made either in USD or in cryptocurrency, at the end of the day payment was made in crypto – and there’s no reason to take a net loss due to terms that the employer probably regrets now. A contract is a contract is a contract.

Categories
Crypto News Cryptocurrencies DeFi NFTs

New DeFi Token $CUMMIES Targets The Adult Industry

CumRocket is a new DeFi project that is aiming to disrupt the adult industry, by creating their own private subscription platform (similar to competitor OnlyFans) and NFT marketplace.

$CUMMIES – the project’s deflationary DeFi crypto token, reached its climax this week at $0.285 on the 5th of May, which is over a 1,000% increase for the week.

CUMROCKET CRYPTO price chart [CoinMarketCap]

The $CUMMIES DeFi Token

$CUMMIES is a “reflect” DeFi token on the Binance Smart Chain (BSC) powered by DEGENR – which means there is a fee applied to each transaction (in this case 5%), with half of the fee burned, and the other is redistributed to token holders.

Using $CUMMIES as the tipping currency on our NSFW platforms encourages more transactions.

cumrocketcrypto.com

According to CumRocket’s website, their service allows for a level of anonymity that ​“other popular platforms fail to provide”.

The token will be used for tipping, messaging, custom request and currency on their NSFW content platforms and their NFT marketplace.

In Q3 they will be launching a platform where adult creators can sell their private content for a monthly or yearly fee. And they also aim to have an exchange up and running in the near future. You can see their roadmap for more information.

Does The Project Have Legs?

The $CUMMIES token was launched via Dxsale by a public developer who is also an influencer in the TikTok space with over 24k followers.

The British software engineer Lydia, who announced its creation via TikTok on 4th April, saw less than three weeks later, CumRocket surge 634% in a single day, taking its market cap to over $140 million.

These increases might be due to novelty as well as the fact that it’s NSFW which usually turns an eye.

However, this brand new NSFW cryptocurrency, some might mistake for a meme-coin but the team explained in an live stream that they plan to disrupt the adult industry in a massive way.

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Bitcoin Cryptocurrencies Investing Payments

Bitcoin Price Surging In Argentina As Inflation Reaches 42.6 Percent

Bitcoin prices are surging in Argentina and latin-america, as inflation continues to rise in Agentina since 2014.

The Argentine Peso hasn’t been doing well as the currency has been going through inflationary spikes with brief returns back and forth for years. Now the latin-amricans are turning to Bitcoin and cryptocurrencies to combat the loss of purchasing power.

Argentina Government Laws Limiting Savings In USD

It’s common practice in Argentina to keep savings in USD – but the government limits purchases of USD to $200 a month, which is sending many looking for alternative ways of storing value – and for many in South America, the answer is crypto.

According to Marcos Zocaro – an Argentinian expert in digital assets said that “older clients who used to be afraid of making a fixed deposit with a bank but are buying cryptocurrency without fear of risk”.

And according to Maximiliano Hinz – the director of Binance South America “The number of user accounts for investing in ‘cryptos’ has multiplied by ten in Argentina since 2020”.

The cryptocurrencies of choice are not limited to BTC and ETH either – many Argentines are also buying up stablecoins such as USDT and DAI.

Latin American Companies Buying Bitcoin

We have also recently seen the Biggest Latin American E-commerce Firm MercadoLibre Bought $7.8 Million Bitcoin in Q1 as more companies add Bitcoin to thier balance sheets.

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Blockchain Crypto News Cryptocurrencies Institutions

University Allocates $4 Million To Cryptocurrency Staking To Produce Cashflow

In a world first, The University of Wyoming in the USA, has allocated USD 4 million to stake at least three cryptocurrencies to generate revenue to address the cost of public education, as per the official announcement.

Caitlin Long, an appointee of Wyoming Blockchain and Fintech Select Committee and founder of Avanti Bank & Trust, took to Twitter with the big news.

Millions into Crypto Staking

The University of Wyoming is the world’s first to spend millions to operate nodes and earn cryptocurrencies. Profits will cover operating expenses and the university’s Strategic Investments and Projects Account (SIPA).

According to the document, the university will run the staking program with an established “Cryptocurrency Advisory Council,” hosted by leaders of the state’s select committee on Blockchain.

Funding Blockchain Programs Across Wyoming

If profits surge above 4 million USD, the university will use the extra revenue to fund blockchain programs and other activities at the university and community colleges across Wyoming.

Users on Twitter speculate that Cardano (ADA) is one of these three tokens, considering IOHK, the company behind Cardano, donated USD 500,000 to support the University of Wyoming’s Blockchain Research and Development Lab.

Will we see other institutions follow Wyoming university and start to stake cryptocurrencies to produce cashflow?

Categories
Australia Bitcoin Crypto News Cryptocurrencies

Bitcoin and Crypto Car Number Plates Becoming Popular In Australia – How To Get One

Personalised crypto number plates are starting to appear around the world on social media as the Bitcoin craze goes mainstream.

You can use almost any phrase as your car registration number plate to make your vehicle stand out. You can create your own number and letter combinations, and restyle your existing number plates as long as you follow the rules for your state.

Let’s take a look at some popular ones and how you can get one in Australia.

Popular Crypto Number Plates In Australia

Crypto enthusiasts all over the world have been promoting Bitcoin and their favourite coins by getting custom car number plates. Here are some of the best one’s we’ve seen in Australia.

Car Spotted in Australia with BITCOIN number plate [reddit / reddit]
HODL number plate spotted in Melbourne Australia [reddit]
MR BTC Victoria state number plate [source]
B1TCOIN Queensland plate for sale $250k [mrplates.com.au]
BANKRPT Melbourne number plates bought with crypto profits [source]

How to Order a Custom Number Plate in Australia?

Let’s take a look at where you can check and order your custom rego plates in Australia.

Personalised Plates Queensland (PPQ)

You can check if the plates you want are available using the PPQ website.

Car plate preview HODL ETH on PPQ

Mr Plates

Mr Plates is also an online marketplace where people sell number plates that they have registered to sell or are no longer using. There can be various reasons for selling custom number plates. Buying the plates online are considerably more expensive than creating your own. However, if your desired one is already registered you might need to buy it off that person.

Some Bitcoin car plates on Mr Plates marketplace

Ebay AU

Some people got in early to register crypto plates and are now selling them on some marketplaces like Ebay. There are some interesting ones for sale in Australia, including HODLNG listed for $10,000 AUD.

A personalised car plate being sold on Ebay
Personalised car plate being sold on Ebay

Gumtree AU

You can also find custom number plates for local sale on Gumtree AU.

Bitcoin number plates for sale on Gumtree
HODLON Victoria state plate for sale [gumtree.com.au]

Trade Unique Cars AU

BUY BTC personalised car plate for sale [tradeuniquecars.com.au]

CafePress AU

One can also get a custom bitcoin frame for your numberplate to add that extra hint of personalisation.

Custom frame examples from CafePress.com.au
Categories
Crypto News Crypto Wallets Cryptocurrencies DeFi

Crypto Wallet Metamask Reaches 5 Million Active Users

MetaMask
MetaMask

MetaMask is one of the most popular crypto wallets at the moment as it’s active monthly users reaches a massive 5 million milestone.

Powered by the Ethereum blockchain, MetaMask sports a flashy yet welcoming user interface which provides easy access to cryptocurrencies and tokens, especially DeFi and NFTs.

In a recent blog post, the team announced that MetaMask had reached a total number of 5 million active users – and reiterated their commitment to keeping the internet accessible to all.

“We cannot express how honoured we are to continue democratizing access to Web 3.0, and we look forward to serving the millions more users that are joining the decentralized web. This growth opens the possibility of a more ethical internet where people control their own data and identities, can build communities, and freely associate with one another through interactions that are empowering and based on consent.”

Metamask

Could DeFi Compete With The Banks?

One of the main vectors identified in the post for the growth of Metamask’s user base is the adoption of DeFi – specifically by those in countries where banks and financial services are lacklustre – if they exist at all.

Although in places such as Australia, China, the USA and the EU a bank account is more or less a necessity in this day and age, things are somewhat different elsewhere. For instance, 54% of people living in South America do not have access to bank accounts. This is not only due to denial of service by banks – many simply do not trust either their national banks or private banks operating locally.

As a result, many of these citizens have turned to cryptocurrency and DeFi as a way to store their assets, make investments, and take care of their daily expenses.

Following a rise in popularity that brought MetaMask to 1 million users by October 2020, their userbase has continued to grow exponentially – leading to the current figure of 5 million monthly users, carrying out transactions worth $2 billion within the past 6 months.

Categories
Australia Crypto News Cryptocurrencies Data

26% Of Aussies are Trading in Cryptocurrency – Nine News Report

A recent report by Nine News claims as much as 26% of Aussies are trading cryptocurrencies.

“Ca$h is King” has been replaced with “Bitcoin is King”, as more and more average people jump on to ride the new wave of digital gold and seek financial freedom.

60 Minutes About Bitcoin by Nine News – source

Market volatility and wild fluctuations in Bitcoin’s price are proving no deterrent for newcommers looking to get into the cryptocurrency space. The industry continues to thrive, despite governments and major corporations around the world continuing their attempts to stifle the innovation of decentralised finance, through rules and regulations; with discussion of some countries even wanting to ban cryptocurrency altogether.

Aussie Crypto Entrepreneur Sergei Has Made Over $100 Million in Bitcoin

The Nine News story also covers Russian born Sergei Sergienko and his Bitcoin fortune. The popular Clubhouse speaker invested into Bitcoin when it was as low as $6 and has been accumulating and trading it ever since, taking his profits into the millions.

Sergei Sergienko – CEO of Chrono.tech

Aussies Interest In Cryptocurrencies Continues to Grow

The data suggests that crypto is very popular in Australia, as we reported earlier in the year that 45% of Australians invested in crypto “Because it’s going up in value” and an estimated 5 million aussies will own crypto in 2021.

Breaking new records and hitting all time highs, Cryptocurrency Market Capitalization has surpassed $2 trillion. There is now more money circulating in cryptocurrency in this quarter alone, than in the entire preceding year of 2020.

Caitlin Carey – Crypto News Guest Author