Bitcoin survives daily death cross as investors eye buying opportunities. Crypto analysts note short-term apathy, long-term bullish outlook. Ripple acquires Fortress Trust. Banking giant HSBC reportedly working with Fireblocks. Chainlink whales accumulate.
Australia's Senate Committee on Economics Legislation rejected the Digital Assets Bill 2023, signalling a pivotal moment in digital asset regulation. Ongoing dialogue and efforts to refine the regulatory framework continue in the Australian crypto industry.
Senate committee opposing crypto bill poses legislative roadblock in Australia. US SEC delays decision on Invesco, WisdomTree, and Valkyrie Bitcoin ETFs. Ether nears ‘death cross,’ while investors await US jobs report for August. Visa to send stablecoin USDC over Solana to help pay merchants in crypto.
Crypto skyrockets post-court ruling on Bitcoin ETF whilst Elon Musk’s X platform inches closer to crypto payments. BTC Markets features in Forbes, Yahoo Finance, & Forkast. Australia's lower-than-expected inflation supports a policy pause. U.S. job openings hit a two-year low, Fed suggests more rate rises due to high inflation.
Crypto tax solution: BTC Markets partners with Australia's crypto tax software provider SYLA. The tax software aims to assist investors with crypto tax reporting, manage CGT outcomes and tax compliance.
AU digital dollar could save AU$3b annually. Ripple unveils eight countries using XRP Ledger for CBDCs. Solana overtakes Polygon, becoming 2nd-largest NFT network. Friday's 'flash crash' causes over US$1 billion in liquidations, while Australian unemployment rises unexpectedly.