Cryptocurrency

With over AUD$2 billion in total sales to date, Easy Crypto today announces the launch of a new ‘beginner wallet’ aimed at Australians looking for an easier way to buy, swap, hold and sell their crypto.Easy Crypto, New Zealand’s largest non-custodial cryptocurrency exchange, is expanding its trans Tasman presence in Australia with its first Australian wallet aimed at those new to crypto. The Easy Crypto Wallet has been designed to deliver the simplest and safest experience for anyone looking to manage their own cryptocurrency. It acts as ‘one wallet for all your crypto’ – offering investors a broad breadth of 50 popular coins backed by the latest security and recovery technology – all within a single simple app.While there are other crypto wallets on the market aimed at seasoned crypto investors familiar with the technical processes and jargon of the sector, Easy Crypto’s wallet is designed specifically to meet crypto beginner’s needs. It aims to onboard the next wave of first-time crypto investors by simplifying buying, selling, swapping and storing crypto and its hundreds of thousands of current users can testify to this. Easy Crypto’s all-in-one wallet was originally launched in New Zealand in November 2023.Demand for crypto wallets is growing in line with increasing institutional adoption of the asset and acceptance of crypto as a viable investment option. In 2023, the total number of crypto wallet users globally was 84.02 million, up from 76.32 million in 2021 (source: Polaris (NYSE:PII) Research). There is growing investor appeal for everyday Australians of all ages investing in crypto but many would-be consumers don’t know where to start. An estimated 1 in 5 Australians currently own crypto with many more expected to move into crypto investments in the coming years.Media enquiries for Easy Crypto Australia: Bespoke Co. Amber Daines: amber@amberdaines.com or +61 404 145 939About Easy CryptoNow expanding into Australia, with the recent release of a new crypto wallet, Easy Crypto is New Zealand’s leading cryptocurrency retail platform offering customers a safe, secure and simple way to buy, sell and trade more than 160 cryptocurrencies including Bitcoin, Ethereum, Tron and many more. Launched in 2018 by siblings Janine and Alan Grainger, Easy Crypto has since transacted over NZD$2.2 billion in total sales to date. Easy Crypto’s mission is to make crypto assets accessible and understandable for all, so everyone can get involved in the cryptocurrency market. Easy Crypto is headquartered in New Zealand with a growing international footprint that so far includes Australia and South Africa.For more details:Easy Crypto Wallet – Finally, a Crypto Wallet That’s Easy to UseEasy Crypto – The Fastest Way to Buy Bitcoin in Australia ContactPR Manager Easy Crypto AustraliaAmber DainesBespoke Co.amber@amberdaines.comThis article was originally published on Chainwire More

Between 600,000 and 1,000,000 jobs could be eliminated, according to estimates from Goldman Sachs analysts, who expect a significant downward revision of the preliminary NFP data. This revision may indicate that the labor market was far weaker than previously thought, which could cause the market to move significantly.Such a revision would have extensive consequences. Market expectations for Federal Reserve policy would probably change if the updated NFP data reveals a significant decline in employment. At present, the market is factoring in slight reductions in interest rates for the upcoming year. However, more aggressive rate cuts earlier than anticipated could result from a weaker-than-expected job market.As investors reassess their plans, this change in expectations may cause a sell-off in risky assets like stocks and cryptocurrencies. This might cause volatility in cryptocurrencies like Bitcoin to rise. Because of the well-established relationship between cryptocurrencies and traditional financial markets, any notable changes in the latter are likely to have an impact on the former. If Goldman Sachs’ analysis of the revised NFP data turns out to be accurate, Bitcoin may test lower support levels and even go back to the $57,000 range.This article was originally published on U.Today More

The analysts said several major miners, like Marathon Digital (NASDAQ:MARA) and Core Scientific Inc (NASDAQ:CORZ), have recently secured decent funding through convertible notes, with each company following its own unique approach. Marathon Digital raised $300 million with plans to buy more Bitcoin, following the lead of MicroStrategy, which has pioneered using long-term convertible notes to acquire the original cryptocurrency as a corporate treasury asset. Marathon’s notes were priced with a 25% premium and a 2.125% coupon, maturing in 2031. Meanwhile, Core Scientific secured $400 million with a 3% interest rate over a five-year term, intending to pay off high-cost debt and acquire AI-focused data centers.Bernstein argues that the capital markets’ reaction highlights a growing divide among Bitcoin miners. Some remain committed to Bitcoin mining, while others are pivoting towards AI data centers. This latter approach, known as the “Mullet strategy,” puts AI data centers in the spotlight while keeping Bitcoin mining running in the background.”Should all Bitcoin miners transition to AI data centers?” the note asks, citing strong interest from institutional investors in miners adopting AI/HPC (High-Performance Computing) strategies. Bernstein suggests that this shift could provide miners with a more sustainable economic model, particularly as the AI industry continues to draw large investments.The report also pointed out that U.S.-listed Bitcoin miners, with access to the world’s deepest capital markets, have a natural advantage over their unlisted and non-U.S. counterparts. “This validates our long bias towards U.S. listed Bitcoin miners being market consolidators,” the note said.Bernstein analysts also touched on the upcoming U.S. elections, noting that Polymarket trends are showing a close race between Trump and Harris. The uncertainty around the election is keeping Bitcoin and crypto markets range-bound. Bernstein reaffirmed its view that a Republican victory, especially by Trump, would likely be seen as a positive for the crypto market. More

The liquidation occurred despite ether, the cryptocurrency that spot Ethereum funds follow, rising 2.19% last week. The outflows were primarily driven by withdrawals from Grayscale’s Ethereum Trust (NYSE:ETHE), which saw $118 million exiting the fund. The downturn was slightly mitigated by a $2 million inflow into Grayscale’s Ethereum Mini Trust (NYSE:ETH) trust, the second-largest spot ether ETF by net assets.”Grayscale saw an outsized portion of the outflows from their ethereum trust, though this was offset slightly by inflows into their mini ethereum trust,” the note said.The VanEck Ethereum ETF (NYSE:ETHV) also recorded $8 million in net outflows, adding to the overall negative trend. The Blackrock’s iShares Ethereum Trust ETF (NASDAQ:ETHA) saw the strongest inflows, bringing in $76 million, followed by Fidelity Ethereum Fund (NYSE:FETH) with $26 million.The analysts noted the implications for Coinbase (NASDAQ:COIN), which serves as the custodian and prime broker for six of the ETFs and eight spot Bitcoin ETFs. “Coinbase could benefit from growth in AUM and redemption/creation activity, though the company could also face heightened competition for trading volumes,” the analysts said.Barclays also observed that while trading volumes across ETF products remain relatively small compared to on-exchange crypto volumes, they consistently represented about 2% of spot crypto trading volumes over the past week.Barclays said the note would be the last weekly publication tracking Ethereum ETF flows, as they are shifting focus to their crypto monthly report, which includes Bitcoin ETF flows.The nine spot Ethereum ETFs launched on July 23, marked the second set of funds tied to the current price of a major cryptocurrency. Spot Bitcoin ETFs hit the market earlier on January 11, after nearly a decade of pushback from the Securities and Exchange Commission (SEC) against these kinds of products. More

His post came out as the world’s flagship cryptocurrency plunged by more than 2% overnight, hitting the $58,300 zone. This is not the biggest price plunge demonstrated by Bitcoin recently, however.The message published by Saylor, along with the image, goes like this: “We’re going to need a bigger truck. #Bitcoin.” Many commentators responded agreeably to Saylor’s message, sharing their bullish takes on BTC.Last week, digital gold, as Bitcoin is often called by its community, plummeted by more than 7.5% and collapsed from $61,330 to the $56,660 zone. Between Thursday, when the fall bottomed, and Sunday, Bitcoin managed to recapture 6.11%, reaching $60,127. That recovery was followed by the aforementioned close to 3% decline.The analytics account has concluded that this may be a sign of financial institutions dumping their Bitcoin.While this is happening, some of the spot Bitcoin ETFs continue to absorb BTC. On Aug. 16, Fidelity and Bitwise ETFs saw inflows of 284 and 109 BTC. However, investors continue to withdraw their Bitcoin from the Grayscale’s GBTC. On Friday, the total outflow from this exchange-traded BTC fund constituted 975 BTC.This article was originally published on U.Today More

Further highlighting the lack of momentum in the market is the lack of convergence of the 50-day and 200-day moving averages, which normally points to possible bullish or bearish trends. Recent on-chain data highlights the lack of significant whale activity, which further implies that big investors are not interested in the asset right now, which adds to the stagnation.Because of the resistance that this price level has historically provided, a break above it may spark a spike in buying interest and raise volatility. Further momentum could be added to altcoins like SHIB by the general state of the market, which is seeing positive flows into Ethereum and Bitcoin ETFs.Time-wise, we might witness a sharp rise in volatility driving the price toward the next psychological level of $0.000018 if SHIB breaks through the $0.000015 resistance in the next two weeks.The way the market is acting right now indicates that Solana may see a sharp pullback in the next few days, but how far this pullback takes will depend largely on the overall state of the market. At present, the market is in a rather stable state with Bitcoin remaining at approximately $60,000 and other cryptocurrencies such as Solana not gaining much traction.Solana might see a significant rebound from the $140 mark if the market’s sentiment turns more optimistic, possibly aiming for the next resistance levels at $151 or even higher. However, in the event that the market as a whole stays flat or becomes bearish, Solana may find it difficult to hold its current position above the 200 EMA.If this support is broken, there could be more losses with possible targets at or below $130. On the daily chart, Solana’s relative strength index (RSI) indicates that it is in a relatively neutral zone, indicating that it may move in either direction in response to market catalysts.According to the technical chart, Bitcoin has recovered the $60,000 mark following a period of volatility, demonstrating its resilience. The 50-day exponential moving average (EMA), which has historically served as a major resistance level, is coincident with this level. Bitcoin is confronted with several obstacles that may hinder it from staying above $60,000. This is true even with the recent surge in price.First, there is still uncertainty in the broader market sentiment. Although Bitcoin has continued to trade above $60,000, overall market activity is still low and the performance of altcoins is inconsistent. The market appears to be cautious based on the lack of strong buying momentum, and any unfavorable news or macroeconomic factors could easily drive Bitcoin back below this critical level.Second, there has been a lot of selling pressure on the $60,000 level during each test. This suggests that a lot of traders remain doubtful about Bitcoin’s capacity to continue rising after this. Bitcoin may start to decline back to the $59,000 or even $58,000 range if it is unable to break above the next resistance level at $62,000.This article was originally published on U.Today More

According to Bitcoin historian Pete Rizzo, Aug. 18, 2008, stands as a landmark moment in the history of Bitcoin. On this day, Satoshi registered the domain Bitcoin.org, marking the beginning of a financial revolution across the globe.”16 years ago today, Satoshi Nakamoto registered the 1st Bitcoin website. Ever since, bitcoin. org has hosted his free code, a beacon of financial freedom to millions around the globe,” Pete Rizzo wrote in a tweet.This Bitcoin.org domain later became the central hub for Satoshi Nakamoto’s groundbreaking whitepaper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” which was released in October 2008.While Bitcoin was officially launched in January 2009, Satoshi Nakamoto laid the groundwork for the blockchain-based payment system in a paper published in 2008.Satoshi’s legacy continues to resonate, Rizzo indicated in his tweet that the Bitcoin.org website remains a beacon of financial freedom for millions around the globe. The site has hosted Satoshi’s free code, allowing anyone with an internet connection to access and contribute to the Bitcoin network. This open-source approach has been fundamental to Bitcoin’s growth and adoption.Some speculations suggest Nakamoto might be multiple individuals, although this remains unknown.As reported, the FBI stated that Satoshi could be “one or more third-party individuals,” adding that it can neither confirm nor deny their existence in response to inquiries from Dave Troy, a prominent tech researcher.This article was originally published on U.Today More

Memecoin ecosystem WOMIO has announced its presale and shared its vision for enhancing memecoin utility. The WOMIO platform will simplify multichain memecoin launches while supporting new use cases that will advance the industry.WOMIO will host its token presale on August 21 at 19:00 (CET), giving the community an opportunity to acquire $WOMIO tokens. $WOMIO will serve as a proof-of-concept memecoin and the mechanism for driving growth of the WOMIO ecosystem. Stakers will unlock a host of benefits within the WOMIO ecosystem while driving a more sustainable approach to memecoin deployment and adoption.Created by an experienced team with a track record of successful crypto investment and project development, WOMIO simplifies memecoin deployment through a single platform for creating and promoting tokens while earning rewards.With a unique combination of token creation, staking, promotional packages, multichain support, analytics, and community-driven features, WOMIO aims to redefine how people engage with memecoins. It combines the humor and social features inherent to the best memecoins with use cases more synonymous with conventional crypto assets.While the principal function of $WOMIO is to serve as a memecoin, the token will evolve into an asset fueling a dynamic ecosystem with diverse use cases. The WOMIO platform’s multichain technology enables anyone to deploy a memecoin in seconds on their preferred blockchain. Whenever a memecoin is created, 1.25% fee of the total supply is collected and automatically distributed among $WOMIO stakers, ensuring continuous rewards and incentivizing community participation.WOMIO Founder Paul Theobald said: “WOMIO is here to change the way people see memecoins. We’re combining the viral energy of memes with real-world utility, setting a new standard in the industry.”The cryptocurrency industry is experiencing rapid growth with increasing interest in utility-driven tokens. While traditional memecoins have thrived on a fair launch philosophy and community ethos, there is increased demand for assets that combine entertainment and tangible value. WOMIO aims to be at the forefront of this trend, pioneering a new category of memecoins that cater to both fun and functionality.WOMIO will empower creators and investors to seamlessly create and launch memecoins by leveraging its multichain technology to elevate projects to new heights. Drawing upon WOMIO’s functionality and value creation through unique staking mechanisms, the platform aims to become a cornerstone of the memecoin landscape.About WOMIOWOMIO is a multichain launchpad, ecosystem, and community platform designed to advance the multi-billion dollar memecoin sector. It combines fun social features and gamification with slick UX that simplifies memecoin creation and community building. WOMIO will move the needle for memecoin utility, bringing new use cases and features that will bring sustainability to one of the most exciting and fastest moving crypto verticals.Learn more: https://worldofmemes.io/ContactDan EdelsteinPR@marketacross.comThis article was originally published on Chainwire More