Crypto market rebounds with Bitcoin hitting US$65,000, defying German and Mt. Gox sell offs. SEC grants preliminary approval for ETH ETFs. BlackRock's AUM hits US$10.6T record. Australian inflation expectations dip to 4.3%.
As cryptocurrency evolves, so do scams. Elliptic reports a rise in AI-powered crypto scams using deepfakes, scam tokens, phishing sites, and disinformation. Vigilance is crucial: verify authenticity, avoid suspicious links, and use strong security measures to stay protected.
BTC Markets has once again partnered with Crypto Tax Calculator (CTC) to offer our clients an all-inclusive solution for crypto tax reporting. CTC is an Australian-made crypto tax software offering an all-in-one solution.
BTC Markets sponsored athlete, Tori West, has qualified for the Paris 2024 Olympic Games. US Fed Chair speech boosts crypto market amid anticipation of rate cuts. Bitcoin dropped due to the German government selling US$900M in BTC. Mt. Gox began repayments, while Bitcoin sell-offs created ETF share discounts.
The financial markets are known for wild volatility and can be a breeding ground for unscrupulous individuals. One of the most infamous schemes in the finance space is a ‘pump and dump’ also known as a ‘rug pull’ in crypto.
BTC Markets is running a promotion called ‘BTC Market is celebrating 11 years in crypto’. Participants can enter the draw for a chance to win a share of AU$5,000 worth of Bitcoin.