Category: Trading

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Binance Trading

Binance Australia Launches Masterclass: Free Online Crypto Trading Course

Crypto Education is in demand as crypto has been gaining a lot of traction and more people are beginning to see it as an opportunity to make passive-income. An increasing number of people are curious about crypto and want to understand what it is and also how to get involved.

What is Binance Masterclass?

Binance Australia recently launched an Online Masterclass – a series of free online educational video courses that will teach you all you need to know about trading cryptocurrencies.

Binance Masterclass has become the worldwide leading crypto training course for both crypto newbies and enthusiasts since its launch this year – with Binance Africa and Binance Spain recently seeing great success due to the beginner friendly content and easy to follow instructions.

Why Trade Cryptcurrencies?

Most people generally trade cryptocurrencies to make a profit. Some coins can go up hundreds of percent in just a few days, so while a buy and hold strategy might win long term – people see crypto day trading as more exciting and get more satisfaction when they win.

Learn From Experienced Traders

Australian users can learn from experienced traders, provide feedback, hear from the CEO of Binance Australia, and meet local “Binance Angels” who are available in meetups across Australia, as well as a host of experienced crypto traders ready to help you along the way.

Veterans of the crypto community at Binance answer all questions – whether you ask them during the live course itself or shoot them a question afterwards directly via their support or social media.

Next Masterclass Event

Next event: Trading Charts Analysis & Chart Patterns
When: November 27th 2020 at 5pm AEST
Register: Free via EventBrite
About: Learn the Psychology of Institutional Orders & Trading Chart Patterns with the founder of The Crypto Collective.

Categories
Press Release Trading

Nervos Integrates with HedgeTrade to Enable Community-Driven Trading Predictions

Nervos Integrates with HedgeTrade to Enable Community-Driven Trading Predictions

HANGZHOU, CN — OCTOBER 12, 2020 — Nervos, an open-source public blockchain project, today announced its integration with social trading platform HedgeTrade to enable community-driven predictions for the Nervos CKB token. The integration allows traders to share and access crowdsourced trading strategies on the HedgeTrade platform.

With its native token supported on HedgeTrade, Nervos aims to democratize trading strategies and token analyses for novice traders by incentivizing experienced traders to share their expert insights. Experienced traders can use CKB trading pairs to make smart contract-powered predictions, called ‘Blueprints,’ which can be purchased by novice traders to replicate the trades.

Pro traders and newcomers alike can also bet on or against the CKB predictions of others. Both groups can earn HEDG—the native token of HedgeTrade—for making accurate predictions on CKB trading pairs while the platform as a whole provides a growing source of real-time trading insights.

Nervos co-founder Kevin Wang said, “Our collaboration with HedgeTrade brings exciting new opportunities to both existing CKB holders and the broader crypto community. Not only will HedgeTrade’s unique predictions platform unlock new insights and analytics for the CKB token, but it’ll also introduce CKB to a growing community of traders on HedgeTrade.”

The partnership brings together two vibrant blockchain-based communities who are both committed to the ethos of decentralized finance (DeFi) and entrenched in the vibrant, Asian crypto markets. Through this collaboration, the Nervos community gains an analysis tool to gauge market sentiment about CKB price and the Nervos blockchain ecosystem. Additionally, the listing on HedgeTrade provides increased market exposure to $CKB.

HedgeTrade CEO, David Waslen, said, “Our team is thrilled to be collaborating with the talented development team at Nervos, who like us is totally committed to defi solutions for creating a better global economic system that is community-focused, fun and open to everyone.”

About Nervos

The Nervos Network is a collection of protocols and public blockchain ecosystem aiming to solve the biggest challenges facing blockchains like Bitcoin and Ethereum today.

The Nervos Common Knowledge Base (CKB) is the layer 1, proof of work, public permissionless blockchain protocol of the Nervos Network. It allows any crypto-asset to be stored with the security, immutability, and permissionless nature of Bitcoin while enabling smart contracts and layer 2 scaling. Its unique crypto-economic model is designed to better align the interests of users, developers, and miners as compared to first-generation blockchains.

For more information on Nervos, visit www.nervos.org.

About HedgeTrade

HedgeTrade is a platform where traders stake HEDG tokens and post trading predictions that users can purchase to unlock hidden trade details. If the trader’s prediction becomes correct, they earn back their stake and the HEDG earned from purchasers of their predictions. If incorrect, the traders lose their stake and the purchasers get a refund plus a share of the lost stake. The model aligns the interests of both predictors and purchasers.

HedgeTrade is headquartered in Singapore and led by Co-Founder/CEO David Waslen and Co-Founder/Lead Developer Peter Danihel.

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Australia Blockchain Trading

ASX Pushed By RBA And ASIC to release DLT Trading Platform As Soon As Possible

The Reserve Bank of Australia and the Australian Securities and Investments Commission (ASIC) have requested that the Australian Stock Exchange hurry up with their new Distributed Ledger Trading platform, claiming in an official report that it was putting quite a dent in the market and hampering the finances of the Australian market.

Looking To Recoup Delays Caused By COVID-19

Back in March, a spike in trading volumes caused processing delays – underlining the need for the distributed ledger technology to be completed. Due to the possibility of far-reaching consequences by a system not thoroughly checked for issues – and also the COVID-19 pandemic – the release was initially delayed until April 2022.

Dominic Stevens, the CEO of ASX, explained that the delay was due to the expansion of the scope of the project – now looking to support up to three times as large a volume as originally planned.

“Some, including an important back-office systems provider for a substantial part of the market, expressed a preference for an extra six to nine months, which we are including in our deliberations. With the volume explosion we saw in March, we’re now looking at plans to ultimately double or triple that original volume target, which will increase go-live system capacity.”

The two regulators also touched on potential competition issues, stating that their Regulatory Expectations seek to ensure that ASX remains in touch with the needs and requests of investors.

The access to its monopoly cash equity CS services on a transparent and non-discriminatory basis with fair Terms and Conditions was also considered a priority.

Hoping to bolster the confidence of investors in what is one of the world’s leading markets already, the ASX replied that they welcome the input of ASX and ASIC, and will attempt to make the replacement for CHESS go live as soon as possible.

Categories
Australia Crypto News Cryptocurrencies Trading

RMIT Data Reveals Aussie Crypto Trading Peaked During COVID-19 Lockdown

What happens when you combine a lot of time at home to contemplate investment options and a growing population of tech-savvy aussies?

Data published by RMIT indicates that the result is a sharp increase in cryptocurrency trading. Australia’s RMIT University insights reveal that during the COVID-19 lockdown instituted between the 23rd of January and the 15th of May, cryptocurrency trading in Australia witnessed an increase in volume.

Data shows there was a 50% spike in home trading volumes, globally, and a 66% jump in Australia.

Angel Zhong – RMIT

Prior to the lockdown, the average daily turnover was only 0.27%, compared to 0.44% during the lockdown.

Whether this skyrocketing investment rate is due to an increase in corporate employees working from home, young entrepreneurs with more funds and options than ever before, or even the closure of casinos, it’s clear that cryptocurrency trading is increasingly considered as a lucrative investment option for investors across Australia.

Cryptocurrency Prices Rise as Australia Locks Down

This increase can be witnessed in the price mark-up since the beginning of the pandemic — Bitcoin is now valued at almost 16,000 AUD, more than twice the value it had in March 2020, where prices hovered near 7000 AUD.

Ethereum currently trades at  500 AUD, far above the price of 200 AUD it held in March, with prices surging by 30% between mid-July and today.

In both cases, the price has more than doubled for both leading cryptocurrencies. Is this a new phenomenon? Yes, but not really. Investing in strong currencies has always been a hallmark of days fraught with economic uncertainty – but now the paradigm has shifted.

In prior times of economic turmoil, the price of gold has increased.The price of gold has also surged during the recent COVID-19 lockdown, but for the first time in history, cryptocurrency has shown its face as an equally, if not superior investment option.

Is decentralization finally catching widespread appeal? Australian trade data appears to indicate that it is. Present data hints towards an economic future that will lean more towards deflationary currency than inflationary, centralized fiat currency.

DeFi is the latest major use case of blockchain technology.

Professor Jason Potts, the Director of the Blockchain Innovation Hub at RMIT University thinks that Decentralised Finance (DeFi) is the latest major use case of blockchain technology and could be the future of financial markets for tokenised assets.

Interest in DeFi – which is the beginnings of a new global digital financial system – is driving this current cryptocurrency price surge.

Jason Potts – RMIT

And also we saw that Decentralized Exchange Volumes are up 70% in June, past $1.5 billion according to Jack Purdy, decentralized finance analyst at Messari.

Blockchain networks are also starting to think about DeFi with projects like Qtum announcing a $1 million DeFi development fund.

Categories
Australia Blockchain Trading

ASX May Push Ahead with Blockchain CHESS Replacement Sooner Than Expected Under Market Pressure

The Australian Securities Exchange has announced that an “overwhelming majority” of market participants are prepared to meet the revised start date of April 2022 for the launch of the new blockchain-based system that will replace CHESS, the current system used to settle share transactions.

Data released by the ASX indicates that over 90 percent of CHESS users are ready to meet the proposed date of April 2022, with ASX experts now reviewing consultation feedback. 

The launch of the blockchain-based replacement system, which was delayed in June 2020, will rely on heavy industry-wide testing over Q4 2020 in order to ensure that it is able to meet market demand. The ASX has stated that it is currently working on assessing feedback provided by CHESS users in order to meet the new implementation timetable.

Feedback from current CHESS users received by the ASX  reveals that 88 of the 96 CHESS users have provided submissions detailing their readiness to adopt the new blockchain-based settlement system, with 91 percent stating that they are able to meet the April 2022 go-live date.

Blockchain Technology Beats Legacy Clearinghouse Systems 

CHESS is the underlying system that performs clearing, settlement, asset registration in the equity market and, at the time of launch 25 years ago, was a world-leading digital equity management platform. As the underlying system that performs critical tasks in Australian equity markets, the ASX has recognized blockchain technology as a highly effective solution that will “provide a broader range of benefits to a wider cross section of the market.”

While the ASX has not yet announced a final decision on the go-live date of the new system, ASX chief executive Dominic Stevens has stated that the blockchain-based CHESS replacement system has “taken on even greater significance” due to the need for “digitisation and straight-through processing” revealed by the ongoing COVID-19 pandemic.

“The CHESS replacement project has involved the most interaction ASX has ever undertaken with the market”

The launch of the blockchain-based CHESS solution will represent one of the largest strategic conquests for blockchain adoption, legitimizing blockchain and distributed ledger technology as a superior means of tracking, registering, clearing, and settling assets in equity markets.

Categories
Australia Crypto Debit Cards Trading

Revolut Officially Fully Launches in Australia as Waitlist Opens

Revolut is now officially fully available in Australia, allowing all Aussies to now download the cryptocurrency and stock trading app, create accounts and verify without joining a lengthy waiting list.

The UK-based fintech app executed a soft launch in Australia mid-2019, allowing a limited number of Australian users to create an account. The lengthy beta process, which saw the waiting list extend to over 30,000 users, is now complete, providing new users with the ability to create an account.

The Revolut app provides neobank financial services to over 12 million users worldwide, delivering a range of features that allow users to send and convert between 29 different currencies or withdraw cash from anywhere via a prepaid debit card that allows ATM withdrawals in 120 countries worldwide.

The most notable feature of the Revolut app is the cryptocurrency functionality it provides. Unlike Coinbase, or Australia-based cryptocurrency brokerage platform CoinJar, Revolut doesn’t actually allow users to send cryptocurrency out of the app itself — but users are able to invest.

Crypto Functionality Not Yet Available in Australia

Through the international version of the Revolut app, it’s possible to purchase and hold Bitcoin, Litecoin, XRP, Ethereum, and Bitcoin cash. Unlike Coinjar and other crypto exchange platforms, you aren’t provided with a wallet address for these cryptocurrencies — so it’s not possible to purchase them and send them elsewhere — but it is possible to buy and capitalize on price changes.

Australian Revolut users aren’t able to purchase cryptocurrency via the Revolut app just yet, however — the Australian release only provides money transfer and prepaid debit card services, including the issuance of Revolut’s premium metal debit card — the first of its kind available in Australia.

Revolut has stated that it will allow Australian users to access commission-free stock trading via the Revolut app alongside the ability to buy and hold cryptocurrency at a later date.

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 Cryptocurrency Tax Regulation Trading

Crypto Exchanges Provide ATO, US Secret Service With Trade Data & Analysis Tools

Cryptocurrency is widely touted as a pseudo-anonymous means of value transfer free from the restrictions of government bodies and related oversight. Anonymous digital currencies, however, are only as private as the platforms that are used to trade them.

Government bodies around the world, including the Australian Taxation Office, now have access to a broad spectrum of data delivered to them by major exchanges such as Coinbase — including advanced blockchain analysis tools.

US Secret Service Gains Access to Blockchain Analysis Tools

Recent public records published by the US Government reveals that the US Secret Service, part of the US Department of Homeland Security, has signed a four-year agreement with Coinbase that will provide the agency with access to the platform’s advanced blockchain analysis software.

Coinbase Analytics is a cryptocurrency analysis platform that allows government agencies and other parties to track the flow of cryptocurrency across multiple blockchains, facilitating the identification of cryptocurrency users by linking transactions and wallets to specific exchange accounts and fiat/crypto bridges.

ATO Leverages Exchange Data to Target Aussie Traders

The US Government isn’t the only authority making use of cryptocurrency exchange data. The Australian Taxation Office now has access to bulk records from Australian cryptocurrency exchanges, which is used to ensure that Australian crypto traders are meeting their tax obligations.  

The ATO currently operates a joint effort with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Securities and Investment Commission (ASIC) to link cryptocurrency balances and trades to Australian traders. 

While Bitcoin and other cryptocurrencies are often referred to as “anonymous” value transfer systems, there are many ways through which cryptocurrency exchange users can be tracked and identified. The ATO issued over 350,000 tax warning letters to Australian crypto traders earlier this year, demonstrating the results of exchange data gathering and analysis.