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Navigating the Crypto Wave: A Closer Look at Crypto currency in Australia
With the emergence of cryptocurrencies recently, the global financial environment has undergone a paradigm shift. Australia has emerged as a prominent player in the world of digital assets, thanks to its tech-savvy populace and progressive regulatory framework. In this article, we'll look at the crypto currency in Australia, including its growth, legal environment, and the evolving role of digital currencies in the country.
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How to Withdraw Money from Coinbase Wallet?
Are you wondering how to withdraw money from Coinbase Wallet? Coinbase, a popular cryptocurrency wallet and exchange, provides many features. One such advantage of using this service, if you reside in the US, is being able to transfer digital assets back into bank accounts easily. Simply transfer cryptocurrency from Coinbase Wallet into your bank account linked with Coinbase before exchanging this fiat currency back for cryptocurrency. This method works across a range of countries, including Australia and the UK. Coinbase's withdrawal process is easy and uses its wallet interface.
After signing into your Coinbase account, go to Wallet Dashboard/Overview and identify which cryptocurrency you would like to withdraw. Select it, and follow the on-screen instructions. Once your withdrawal request is approved, funds should arrive in your account within a few business days (depending on factors such as bank processing speed). As part of its effort to protect your accounts and avoid unauthorized transactions, additional documentation, and verification information such as photo ID or address proof may be requested from you as evidence of authenticity and protect your account further.
What Are the Cash-Out Options on Coinbase?
Coinbase provides a hosted crypto wallet service at no additional charge, giving users complete control of their private keys while being subject to custodial model restrictions. In addition, multiple withdrawal methods allow users to choose one that meets their individual needs - with these being some of your primary cash-out choices:
Bank Transfer: Bank Transfer is the go-to solution, enabling you to send fiat currencies like USD and EUR directly into your bank account. PayPal: If a digital wallet is more your style, then try PayPal instead - an excellent digital wallet alternative!
Crypto-to-Crypto transfers: When necessary, convert cryptocurrency to another currency before withdrawing it.
DebitCard Cash Out: Certain regions allow customers to withdraw directly from their debit cards.
How to Withdraw Money from Coinbase Wallet to Bank Account?
To withdraw money from Coinbase Wallet and deposit it directly into your bank account, follow these simple steps:
Transfer Funds Between Coinbase Wallet and Account:
Open the Coinbase wallet app, make sure your Coinbase Account is linked
Select the cryptocurrency of your choice to send, enter the recipient's address (your Coinbase Account address), and complete the transfer.
Once your cryptocurrency is in your Coinbase Account, click the "Buy/Sell section."
Select which cryptocurrency you would like to sell and enter its amount; once done, confirm its conversion into fiat currency.
Withdraw Fiat from Your Bank Account:
From the "Portfolio tab," choose your fiat wallet. Then, select your bank account by clicking "Withdraw."
Finally, please enter the amount to withdraw and confirm it before finalizing the transaction.
How to Withdraw Funds from Coinbase Pro?
Coinbase Pro provides experienced traders with an advanced trading platform with lower fees and larger limits. It also offers lower withdrawal fees and higher limits. To withdraw money from Coinbase Pro, follow these steps.
Coinbase Pro Login: Sign in to Coinbase Pro with your credentials.
Use "Deposit Option" to move funds over from Coinbase, and use its trading interface to transform cryptocurrency into fiat money.
Click "Withdraw" in the Portfolio tab, and select your fiat wallet by clicking it.
After choosing your withdrawal method (bank transfer or PayPal, for example), confirm all details by clicking "Confirm Details."
How Long Does It Take to Cash Out from Coinbase?
Cashing out from Coinbase varies based on your withdrawal method of choice and local banking systems; PayPal transfers typically occur within minutes, while cash-out times depend on how you select to withdraw your funds from Coinbase.
For instance, the bank transfers typically take 1-5 working days to complete. And instant transfer allows funds to be available quickly, but fees may be higher; please check processing time in your area since this can depend on both bank and country-specific factors.
How to Transfer Crypto from Coinbase?
To transfer Crypto from Coinbase, you need to take the steps mentioned below:
First, log into your Coinbase account using either mobile apps or websites.
Then select which cryptocurrency you would like to transfer by selecting it and providing its wallet address.
Review transaction details before finalizing them and confirm them before continuing with transactions.
Make sure to remember that network fees may apply depending on which blockchain is chosen.
What Is the Difference Between Coinbase and Coinbase Wallet?
Both Coinbase and Coinbase Wallet are custodial crypto exchanges and wallets; Coinbase will hold onto your private keys in exchange for quick digital currency purchases; this makes sense if you value security over speed, though its use might compromise control and ownership of your crypto. In contrast, Coinbase Wallet does not take custody of its crypto. Coinbase Wallet offers superior security and controls but requires assets to be transferred directly into their system before fiat withdrawals can take place.
Furthermore, its compatibility includes Web3, DeFi protocol, and NFT markets (dApps/DEFi protocols/NFT Markets/etc.), making this distinction even more apparent than between its namesake counterparts.
Coinbase: For cryptocurrency trading and investment, Coinbase serves as your custodial wallet, storing all your funds safely.
Coinbase Wallet: For non-custodial wallets, the control of private keys is crucial when dealing with cryptocurrency and decentralized applications. Incorporating such technology can provide access to decentralized applications with greater ease than using standard crypto storage options like Bitcoin.
FAQ
Can I withdraw directly from Coinbase Wallet to my bank account?
No. To do this, first transfer funds between Coinbase Wallet and Coinbase Account accounts.
Does Coinbase Have a Daily Withdrawal Limit?
Your daily withdrawal limit on Coinbase is $100,000 per day.
How secure is Coinbase Wallet when it comes to storing funds?
Its Coinbase Wallet provides high levels of security as a non-custodial service where you control the private key and recovery phase.
Why is my Coinbase withdrawal taking longer than expected?
There could be delays in Coinbase withdrawals due to bank processing times, restrictions in certain regions, or pending confirmations.
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Cryptocurrency
The Aus govt announced on abc australia just then that they will be regulating crypto. After years denying it was a currency, they are now claiming it is gambling and needs to be controlled and taxed so that the ̶s̶h̶e̶e̶p̶ australian citizens can be protected. I don't have any crypto but this is the first real acknowledgement I have seen that the State considers any form of market exchange by the citizens outside of their control to be a threat.
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The Current State of Forex, Cryptocurrency, and Gold Trading: An Overview
by Ulan Terrene
In the fast-paced world of trading, navigating through the complex dynamics of Forex, cryptocurrency, and gold requires a deep understanding of the markets. This article aims to provide a comprehensive view of these trading realms.
Quick plug: In the vast labyrinth of trading, I’ve found my guiding light — Decode. As a connoisseur of Forex, cryptocurrency, and gold, this platform is my master key, unlocking the treasures of the financial markets. Its sophistication whispers to my experienced mind, while its simplicity beckons beginners into the dance. With Decode, I tread confidently on the shifting sands of trading. Join me, won’t you?
The Landscape of Forex Trading
The Forex market, the largest and most liquid financial market globally, witnesses the United Kingdom leading the charge, accounting for 38% of global foreign exchange turnover. The United States and Singapore follow suit, with contributions of 19% and 9% respectively.
Out of the 10 million forex traders worldwide, the largest segment, 3.2 million, are from Asia, with Europe and North America contributing 1.5 million each. Africa and the Middle East boast 1.3 million and 1 million traders, respectively, while South America and Central America together make up nearly a million. The smallest contingent, with 190,000 traders, resides in Oceania.
The demographics of Forex traders reveal that men make up 89% of the traders, while women, though fewer in number (11%), outperform men by 1.8%, exhibiting a preference for long-term strategies over short-term risk. Interestingly, a considerable segment of Forex traders are younger than expected, with 55% of them falling under the age of 44.
Regulatory Measures and Trading Platforms
Regulation and oversight are fundamental to Forex trading, ensuring that traders engage with fully licensed brokers. Top-tier financial regulators worldwide advocate for a strong legal framework, stringent licensing requirements, robust investor protection measures, and regular audits and inspections.
The growth of Forex trading platforms since 1996 has democratized access to foreign exchange markets. MetaTrader 4 (MT4), launched in 2005, remains the most popular platform, even after the introduction of MetaTrader 5 in 2010.
Forex Trading in Australia
Australia leads the world in CFD/FX trading on a per-capita basis, with over 100,000 Australians executing one or more FX or CFD transactions in 2021. The average deposit by Australian traders into their FX/CFD account was $8,400 during January-October 2021.
The Emergence of Cryptocurrencies
The release of Bitcoin in 2009 marked a significant milestone in the trading world, heralding the advent of decentralized currencies. Since then, the crypto market has grown to include over 6,600 other cryptocurrencies. Despite market fluctuations, these highly volatile and potentially profitable cryptos, usually traded against major fiat currencies, continue to attract speculators.
The Impact of the COVID-19 Pandemic
The COVID-19 pandemic heightened global interest in Forex trading, which peaked in May 2020. Volume was 34% higher than the same month in 2020, with significant increases observed in the UK (up 137%) and Australia (up 67%). As the pandemic receded, the popularity of Forex trading saw a slight decline.
Final Thoughts
While it’s challenging to provide exact figures on the average profit or loss made by individual Forex traders, or the number of people who quit Forex trading, it’s important to note that trading Forex can be highly risky. Market volatility, coupled with a lack of preparation or understanding of the markets, often leads to significant losses. Hence, traders should be well-versed in risk management and never trade more than they can afford to lose.
Given the diverse landscape of Forex trading, it’s crucial for anyone interestedin this field to thoroughly understand the markets’ dynamics. Whether it’s the demographic distribution of traders, the regulatory oversight, the popular trading platforms, or the unique trends in different regions like Australia, every facet of the trading world contributes to the overall picture.
The emergence and growth of cryptocurrencies have added another layer of complexity and opportunity to the trading world. These digital assets, while highly volatile, offer potential profits for savvy traders willing to navigate their intricacies. However, as with all forms of trading, a clear understanding of the risks involved and an effective risk management strategy are key to success.
The impact of global events on the trading world is another important consideration. The COVID-19 pandemic, for instance, significantly boosted interest in Forex trading. Traders must stay informed about such developments to adapt their strategies accordingly.
In conclusion, the world of trading Forex, cryptocurrencies, and gold is constantly evolving, driven by factors ranging from demographic trends and regulatory changes to technological advancements and global events. As traders, we must strive to stay ahead of the curve, continually learning and adapting to navigate these exciting markets effectively.
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A Comprehensive Analysis of Global Crypto Regulation Trends Leading to 2025
As cryptocurrencies gain mainstream acceptance, global regulators are increasingly focused on creating frameworks to govern their use. The evolving regulatory landscape has far-reaching implications for businesses, investors, and individuals in the cryptocurrency ecosystem. Understanding these trends is crucial for stakeholders to navigate a rapidly changing environment.
This analysis highlights the key trends shaping crypto regulation leading to 2025 and explores how governments and institutions are influencing the future of digital currencies and blockchain technologies.
Why Crypto Regulation Matters
Cryptocurrency's decentralized nature presents challenges for governments aiming to regulate its use while fostering innovation. Balanced regulations are essential for:
Preventing Fraud and Scams: Regulations protect users from fraudulent schemes.
Encouraging Mainstream Adoption: Clear rules instill confidence among businesses and investors.
Ensuring Market Stability: Oversight reduces risks like market manipulation and extreme volatility.
Tax Compliance: Ensures governments fairly tax cryptocurrency transactions.
Key Crypto Regulation Trends to Watch
1. Increased Focus on KYC and AML Compliance
Regulators are tightening Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols to prevent illegal activities.
Impact: Exchanges and wallet providers must verify user identities, with enhanced scrutiny for high-value or suspicious transactions.
Examples:
EU: The Fifth Anti-Money Laundering Directive (5AMLD) enforces KYC/AML measures for exchanges.
US: The Financial Crimes Enforcement Network (FinCEN) imposes strict AML rules.
2. Central Bank Digital Currencies (CBDCs) on the Rise
Governments are launching CBDCs to compete with private cryptocurrencies and maintain monetary control.
Impact: Heightened scrutiny of decentralized cryptocurrencies and distinct regulatory frameworks for CBDCs.
Examples:
China: Testing the Digital Yuan.
India: Developing a digital rupee pilot.
3. Taxation Policies for Crypto Gains
Tax authorities are enforcing guidelines for cryptocurrency transactions, including trading, staking, and mining.
Impact: Clearer rules for reporting crypto gains and increased pressure on exchanges to provide transaction histories.
Examples:
US: The IRS requires reporting all crypto holdings.
Australia: The Australian Taxation Office has detailed rules for crypto income.
4. Regulation of DeFi Platforms
Decentralized Finance (DeFi) platforms, operating without intermediaries, are now under regulatory scrutiny.
Impact: Potential registration requirements for DeFi projects and oversight of smart contracts.
Examples:
EU: The Markets in Crypto-Assets (MiCA) regulation targets DeFi risks.
US: The SEC aims to regulate DeFi under securities laws.
5. NFT Regulations on the Horizon
The rapid growth of non-fungible tokens (NFTs) has prompted regulatory interest.
Impact: NFTs could be classified as securities, leading to issuer compliance with securities laws.
Examples:
UK: The FCA studies NFT implications.
Singapore: Authorities consider guidelines to protect NFT users.
6. Global Coordination and Standardization
International cooperation is vital to unify cryptocurrency regulations across borders.
Impact: Consistent AML and tax standards, addressing jurisdictional differences.
Examples:
G20: Collaborative efforts on crypto principles.
FATF: Setting global compliance standards.
Challenges in Crypto Regulation
Balancing innovation and oversight without stifling growth.
Navigating market volatility and technological complexity.
Addressing jurisdictional inconsistencies for global operations.
Preparing for Future Regulations
Businesses can adapt by implementing KYC/AML measures, monitoring regulatory updates, using blockchain tools for transparency, consulting legal experts, and adopting scalable technology.
Conclusion
As global crypto regulations evolve, businesses and investors must stay proactive to thrive in a compliant environment. These changes, from stricter KYC/AML rules to DeFi oversight, will shape the cryptocurrency landscape by 2025. With the right strategies, the industry can achieve trust, transparency, and sustainable growth.
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Top 10 Countries for Crypto Entrepreneurs in 2024
The cryptocurrency landscape is evolving at an unprecedented pace, offering endless opportunities for entrepreneurs ready to innovate in blockchain, decentralized finance (DeFi), and Web 3.0. For crypto ventures, a country’s policies, infrastructure, and market dynamics can make or break success. As global interest in cryptocurrency continues to rise, entrepreneurs are looking for the best places to launch their ventures. Here's a look at the top 10 countries providing the most supportive environments for crypto entrepreneurs in 2024:
1. United States
The United States continues to dominate the global crypto ecosystem, housing tech hubs like Silicon Valley, Austin, and Miami. Despite regulatory hurdles, states such as Wyoming and Texas are setting new benchmarks for crypto-friendly legislation. Access to venture capital and a vibrant startup culture solidify its position as a top choice for crypto coin news today and the coin in market developments. Entrepreneurs in the U.S. benefit from a robust ecosystem that embraces blockchain and cryptocurrency news today.
2. Switzerland
Switzerland’s Crypto Valley, centered in Zug, is a magnet for blockchain startups. The country’s transparent regulations and robust financial systems provide a solid foundation for innovation. With support from Swiss regulators and a commitment to fostering emerging technologies, Switzerland remains a leader in the crypto currency news space. This creates an environment ripe for the growth of cryptocoin news and innovations within the crypto ecosystem.
3. Singapore
Singapore has built a reputation as a global fintech hub with a strong focus on blockchain. The Monetary Authority of Singapore (MAS) offers clear, forward-thinking guidelines, enabling crypto entrepreneurs to innovate responsibly. Its strategic location and business-friendly policies make Singapore a preferred destination for blockchain ventures, with Bit coin price today and shiba inu coin news making headlines.
4. United Arab Emirates (UAE)
The UAE, particularly Dubai, has emerged as a global crypto powerhouse. Free zones like the Dubai Multi Commodities Centre (DMCC) and regulatory bodies such as the Virtual Assets Regulatory Authority (VARA) create a supportive environment for blockchain enterprises. Tax advantages and streamlined processes add to its appeal, making it a major hub for coins news crypto and NFT News.
5. Portugal
Portugal has gained traction as a hotspot for crypto entrepreneurs thanks to its zero-tax policy on individual cryptocurrency gains. The country’s relaxed lifestyle, coupled with its embrace of blockchain innovation, makes it an ideal location for startups seeking a balance between growth and quality of life. The rise of Bit coin news in Portugal reflects its growing influence on the global crypto stage.
6. Estonia
Estonia’s digital-first mindset and progressive policies attract blockchain pioneers. The country’s e-residency program enables global entrepreneurs to establish and operate their businesses remotely. With a supportive government and innovative tech landscape, Estonia continues to lead in fostering crypto advancements, making it a go-to country for the latest cryptocurrency news.
7. Canada
Canada’s crypto-friendly stance is backed by its thriving tech ecosystem and affordable energy resources, which are especially beneficial for crypto miners. Cities like Toronto and Vancouver are home to dynamic blockchain communities, making Canada a fertile ground for startups and creating an influx of coins news crypto.
8. Australia
Australia is carving its niche in the blockchain world with proactive regulations and a skilled workforce. Backed by the Australian Securities and Investments Commission (ASIC), the country supports blockchain adoption across industries, creating significant opportunities for crypto entrepreneurs. The latest crypto currency news today from Australia emphasizes its commitment to blockchain innovation.
9. Malta
Often referred to as "Blockchain Island," Malta offers one of the most comprehensive regulatory frameworks for cryptocurrencies. Its government’s proactive stance has turned it into a hub for blockchain businesses seeking clarity and support for long-term growth. Malta’s crypto ecosystem continues to evolve, with regular updates in cryptocurrency news on its thriving coin in market.
10. Hong Kong
Hong Kong is regaining its status as a crypto leader by implementing new measures for regulatory transparency. With a robust financial infrastructure and a strategic position in Asia, Hong Kong is attracting entrepreneurs eager to tap into the region’s growing blockchain market. NFT News from Hong Kong highlights its competitive edge in the global digital economy.
Conclusion
The countries on this list are setting the pace for blockchain and crypto innovation in 2024. By offering clear regulations, tax incentives, and supportive ecosystems, they provide fertile ground for entrepreneurs to thrive. As the global crypto industry continues to mature, these nations are leading the way in shaping the future of decentralized technologies, with cryptocurrency news today and cryptocoin news from these countries often making waves across the globe. With the rise of Bit coin price today, shiba inu coin news, and the ever-growing presence of NFT News, the future of crypto looks brighter than ever.
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Crypto Currency Tax Filling Services: The Role of Professional Tax Services
Crypto currency tax filling services is important nowadays since one needs to file it properly like any other tax that is filed with Australian Tax Office. People occasionally neglect to file their taxes, and the ATO may impose fines in these cases. However, under these circumstances, people need to realise that in order to complete late tax returns, professional assistance is necessary. In addition to calculating overdue tax amounts and verifying that all previous concerns have been appropriately handled, certified accountants review ATO data. The penalties for filing a tax return after the deadline can be anything from $222 to $1110.
People who live abroad and get income from Australian sources must file an expat tax filing in Sydney. Professional services are necessary since non-residents are only taxed on income earned within Australia and are exempt from taxes on income earned outside. Non-residents are unable to claim a tax-free threshold, and since they occasionally need to reply to ATO letters, expert assistance is necessary.
Companies both big and small firms generally lack the adequate internal resources to handle services like bookkeeping and other similar activities, so they engage professional accountants from specialised accounting firms to do these duties. Due to their extensive knowledge in a variety of areas, including tax processing, cash flow management, and financial statement production, professional accountants are well-versed in the whole accounting process.
GST administration is a critical part of financial compliance for firms operating in Australia since it is a 10% value-added tax. Since the majority of products and services are subject to GST, firms must register for the tax and file Business Activity Statements (BAS) on a regular basis. Professional accountants provide a variety of services, and companies must follow the correct processes in order to recoup the GST amount. Accountants are aware of the several steps that must be taken to ensure compliance and save GST expenses.
Get a price quotation quickly by asking the top firms providing specialised accounting services any questions you may have about bookkeeping and other tax services.
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Australia’s crypto industry is reeling from controversial remarks made by the Australian Securities and Investments Commission (ASIC) Digital Assets Lead during a liaison meeting that addressed initial feedback on a controversial consultation paper.Rhys Bollen compared Bitcoin to cigarettes used as currency in prisons while responding to questions about applying Non-Cash Payment Facility (NCP) legislation to digital assets, during the meeting on Wednesday.An NCP refers to any payment method that does not involve physical cash, including digital wallets, credit cards, and cryptos.The example in question focuses on using stablecoins for payments, which ASIC interprets as triggering an NCP event. However, the guidance's broad language has led to concerns that any digital asset enabling payments—whether Bitcoin or stablecoins—could fall under the NCP classification.When pressed for clarification, Bollen admitted the complexity of the issue, drawing a provocative analogy.“In theory, almost anything could potentially be used to make a payment to another person. You know, cigarettes are used in prisons as a way of making payments …,” said Bollen on Wednesday. “If the product is promoted as having this as one of its primary uses, and you see that in the marketing … that’s where we’re getting closer to financial product territory. I don’t really have a bright line test for you.”Industry leaders expressed concerns that applying financial regulation to tools like non-custodial wallets or software could hinder innovation and drive businesses offshore.Michaela Juric, general manager of Programs and Partnerships at the Australian stablecoin project AUDD, criticized the potential implications for widely used crypto tools like MetaMask.“I think this view sets a pretty dangerous precedent. For instance, MetaMask is a non-custodial wallet offering. It’s merely a piece of software that allows the user to sign transactions,” she told Decrypt. “If one of the primary functions of MetaMask is to allow the user to send and receive payments, then this interpretation by ASIC may result in MetaMask needing to obtain an AFSL to offer its services to Australian users.“Trying to apply financial regulation and licensing obligations to mere software will push the already growing exodus of products and services out of Australia,” Juric added. Earlier this month, ASIC released the INFO-225 consultation paper, proposing updated guidance for compliance with the Corporations Act. The document includes 13 examples demonstrating how digital assets such as stablecoins, staking services, and tokenized securities could be classified as financial products.That crypto issueAustralia has been tightening its grip on crypto regulation, with ASIC and the government implementing various measures to control the growing sector.ASIC has encouraged crypto companies to apply for an Australian Financial Services Licence (AFSL), offering a grace period from legal action during the application process. However, companies must justify their decision if they choose not to apply. In October 2023, the Australian Treasury released a consultation paper proposing to regulate digital asset intermediaries under the existing financial services licensing framework. This proposal aims to address consumer harms while supporting innovation within the crypto ecosystem. ASIC has also revised Regulatory Guide 133 (RG 133) for the first time since June 2022 with new requirements for crypto custody. Key changes include enhanced security protocols such as cold storage and geographically distributed key backups, stricter risk management processes, and multi-signature transaction controls.Public feedback on INFO-225 remains open until February 2025, with finalized guidance expected later that year.Edited by Sebastian SinclairDaily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more. https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2024/12/Sydney-Australia-2-gID_7.jpg 2024-12-12 05:55:10
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#internet#rightwingers#far right#rightwing#cryptofascism#cryptofascists#crypto scam#virtual currency#cryptocurrency#cryptocurreny trading#cryptocurency news#crypto community#cryptocoin#ausgov#politas#auspol#tasgov#taspol#australia#fuck neoliberals#neoliberal capitalism#anthony albanese#albanese government#fucking grifters#grifters gonna grift#right wing grifters#grifters bone#grifters#trump grift#grifter
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Bitcoin as 'good as gold'?
“Bringing you news and analysis of world events in light of Bible prophecy.” This is the mandate of the Continuing Church of God.
The world events Dr. Thiel will focus on today will be the recent record rise in the value of Bitcoin to over $100,000.00.
There are several questions that will be addressed. Among them are: Will Bitcoin replace gold? Is Bitcoin as valuable as gold? Will nations just accumulate Bitcoin, will they just accumulate gold, or will they accumulate both? Will governments embrace bitcoin?
What about the US dollar? Will it be replaced by Bitcoin? Is it possible that the US Dollar will still be the world’s reserve currency well into the Great Tribulation? How about Bitcoin? Is something similar to Bitcoin prophesied in the Bible?
Dr. Thiel addresses these world news item in light of Bible prophecy. He uses scriptures that address the status of the US Dollar’s value during the Great Tribulation as well as the use of a possible use of a Bitcoin like crypto currency by the Beast of Revelation 13.
Is it possible that both gold and Bitcoin will be useless as a hope for salvation?
Dr. Thiel gives the prophetic answer to that question at the end of this podcast.
You can read the corresponding article to this podcast available here: Bitcoin passed $100,000–is it as good as gold?
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Youtube video link: Bitcoin as 'good as gold'?
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Australia Tightens Crypto Regulations as AUSTRAC Increases Scrutiny on Exchanges and ATMs
Australia’s financial intelligence agency, AUSTRAC, has announced plans to enhance its oversight of the cryptocurrency industry, focusing on digital currency exchanges (DCEs) and crypto asset automated teller machines (ATMs). A statement released on December 6, AUSTRAC confirmed it would ramp up inspections and review operations throughout 2025. The move highlights the agency’s growing concern…
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Bitcoin Breaks $100K, But Here’s the Real Forex Opportunity Bitcoin Breaks 100K, APAC Swings, and That Secret Edge You Missed It’s finally happened, folks. Bitcoin broke the $100,000 barrier. But if you think that's the only story that matters today, you’re missing out on the kind of insights that could make or break your next trade. Let's dive into the underground details the masses are overlooking—because while the headlines scream Bitcoin, savvy traders like you know there’s always more beneath the surface. Bitcoin Boom: Why the Magic Number Is Just the Beginning Imagine realizing your shoes were too small only after wearing them all day—that’s how a lot of traders felt missing Bitcoin’s historic push past $100K. This psychological milestone has left many kicking themselves for not hopping on the crypto rocket sooner. Bitcoin’s rise isn’t just about more dollar signs; it’s also about who’s getting on board. After President-elect Trump announced Paul Atkins, a crypto advocate, would lead the SEC, the Bitcoin market got a turbo boost. But beyond the headlines, here's the key—the fact that someone with a deep understanding of crypto will be shaping regulatory policies means Bitcoin's mainstream integration is closer than ever. Translation? Traders who understand how regulation can fuel growth are already positioning themselves for the next big run. Pro-tip: This is where regulatory clarity turns uncertainty into opportunity. Keep an eye on upcoming SEC announcements—they could be a signal to get ahead of the masses, especially in altcoins that are still waiting for their turn in the spotlight. APAC Trade Roundup: A Mixed Bag, But There’s Gold in the Details Across the Asia-Pacific, stocks were swinging like a mixed bag of emotions—and if that sounds vague, it's because there's nuance hiding here. In Australia, the ASX 200 edged out gains, driven by the tech sector, riding the wave of optimism from Wall Street. Tech seems to be having its moment, again—thanks to weaker U.S. ISM Services data, which caused yields to dip, making risk-on assets shine. The Nikkei 225 had an interesting day—gapping higher at the open, only to stumble slightly as currency fluctuations did their dance. Bank of Japan’s Nakamura made cautious remarks that gave some support, but it was short-lived. The real magic in Nikkei's movements today wasn't about what went wrong; it's about who’s behind these swings. Big institutional money is playing games here—they’re not just reacting to Nakamura, they're positioning based on projected yen moves ahead of key economic meetings. Those with an eye on currency futures are already adjusting. Meanwhile, China’s Hang Seng and Shanghai Composite were split—struggling under the weight of a liquidity drain after the PBoC’s recent operations. A well-placed state media article also tried to downplay aggressive growth expectations. For the savvy trader, this isn’t just noise—it’s a signal that Chinese regulators are tightening their belts. What does that mean for you? Reduced credit availability could make certain Chinese equities especially vulnerable in the short-term. The Real Takeaway for Smart Traders It's easy to get swept away by the latest Bitcoin price surge, or mixed movements across APAC—but the hidden gem is the story behind these swings. Bitcoin’s new friend at the SEC isn’t just news—it’s a window of opportunity. In APAC, the mixed sentiment is a roadmap for where the big money is flowing next. If you’re thinking of making a move, remember: It’s not just about what’s in the headlines, but about understanding the undercurrents. Institutional investors are already ahead of the game—they’re analyzing PBoC actions, yen futures, and SEC leadership changes. Your edge? Connecting these dots before everyone else. Want More of These Insights? Stay ahead of the pack with our exclusive economic indicators and Forex news at StarseedFX. Ready to sharpen your skills? Our free Forex courses are designed to arm you with advanced, lesser-known strategies—get started here. And don’t forget, being a part of a community where the best keep learning is priceless. Join the StarseedFX community for daily alerts, live trading insights, and expert tips—right here. —————– Image Credits: Cover image at the top is AI-generated Read the full article
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Discover Bitcoin Bank: The Future of Crypto Trading in Australia
Bitcoin Bank is an advanced, hands-free cryptocurrency trading platform designed for both novice and experienced investors. With the rise Bitcoin Bank Official Website of digital currencies, Bitcoin Bank provides an intuitive environment where users can trade Bitcoin and other major cryptocurrencies with ease, maximizing their investment potential.
Key Features of Bitcoin Bank Intelligent Trading Algorithms: Bitcoin Bank uses machine learning-powered tools to predict cryptocurrency price movements, ensuring that trades are made based on in-depth technical analysis and real-time market trends. Hands-Free Trading: The platform offers a fully automated trading experience. You set your preferences, and Bitcoin Bank handles the rest, making it perfect for investors who want to stay ahead in the volatile crypto market. 24/7 Customer Support: Bitcoin Bank is committed to providing exceptional customer support, ensuring users have access to assistance whenever they need it, no matter the time of day. No Deposit or Withdrawal Fees: Bitcoin Bank does not charge any fees for deposits or withdrawals, making it a cost-effective choice for crypto investors. Demo Account: Bitcoin Bank offers a demo account, allowing users to familiarize themselves with the platform before committing real funds. This feature is especially helpful for new traders. Start Trading with Bitcoin Bank Today
Getting started with Bitcoin Bank is simple. With an initial deposit of just $250, you can begin trading in some of the most popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). Bitcoin Bank’s user-friendly interface and cutting-edge trading algorithms make it an ideal platform for both beginners and seasoned traders.
Whether you are looking to explore the crypto market or take your trading to the next level, Bitcoin Bank offers the tools and support you need to succeed. With its claim of a 99% success rate, Bitcoin Bank aims to help investors make profitable trades in a rapidly evolving market.
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Join thousands of satisfied traders in Australia and around the world who are maximizing their potential with Bitcoin Bank. Start your trading journey today!
Disclaimer: Cryptocurrencies are highly volatile and trading involves significant risk. Make sure to do your own research before investing. Bitcoin Bank is not responsible for any potential losses.
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How to Send Money to Australia
Sending money internationally, especially to a country like Australia, often involves navigating through various options and considerations to ensure a smooth and secure transaction. Whether you need to send funds to family, make business payments, or handle other financial transactions, knowing the right methods can make the process hassle-free. In this comprehensive guide, we will explore the different ways to send money to Australia efficiently and effectively.
Bank Transfers: One of the most common methods to send money to Australia is through bank transfers. You can transfer funds from your bank account to an Australian bank account using SWIFT or SEPA transfers. While this method is reliable, it can be costly due to bank fees and unfavorable exchange rates.
Online Money Transfer Services: Online money transfer services like TransferWise, Xoom, and OFX offer a convenient and cost-effective way to Send Money to Australia . These services often provide competitive exchange rates and lower fees compared to traditional banks, making them a popular choice for international transfers.
Crypto currency Transfers: Crypto currency presents an innovative way to send money internationally, including to Australia. Platforms like Coin base and Binance allow users to buy crypto currencies and transfer them to recipients in Australia. While this method can be fast and cost-effective, it requires both the sender and recipient to have a basic understanding of crypto currency.
PayPal: PayPal is a widely used payment platform that enables users to Send Money to Australia quickly and securely. Users can link their bank account or credit/debit card to their PayPal account and transfer funds to recipients in Australia with ease. However, it's essential to be mindful of PayPal's fees and exchange rates.
Mobile Wallets: Mobile payment apps like Google Pay and Apple Pay offer a convenient way to send money to Australia from your smartphone. Users can link their bank accounts or cards to these apps and transfer funds to recipients in Australia by simply entering their contact information or scanning a QR code.
International Money Orders: For those who prefer a more traditional approach, international money orders are a viable option to Send Money to Australia . You can purchase a money order from your local post office or financial institution and send it via mail to the recipient in Australia. While this method is secure, it may take longer to reach the recipient compared to electronic transfers.
When sending money to Australia, it's essential to consider the following factors:
Exchange Rates: Compare exchange rates offered by different providers to ensure you get the best value for your money.
Fees: Be aware of any transfer fees charged by banks, money transfer services, or payment platforms.
Transfer Speed: Depending on the method you choose, the transfer speed can vary from instant to several business days.
Security: Opt for reputable and secure platforms to protect your funds and personal information during the transfer process.
In conclusion, sending money to Australia can be a straightforward process when you choose the right method that suits your needs. Whether you opt for bank transfers, online money transfer services, crypto currency transfers, or other options, understanding the fees, exchange rates, and transfer speed is crucial for a seamless transaction. By following the tips outlined in this guide, you can Send Money to Australia efficiently and securely.
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The crypto ATM market, currently valued at $87.35 million, is projected to surge to $2.58 billion by 2032, driven by an annual growth rate of 45.7%. This expansion reflects increasing cryptocurrency adoption and supportive regulations worldwide. Favorable policies and institutional partnerships are encouraging growth, with traditional banks and crypto ATM providers collaborating to enhance transaction security.
Companies like U.S.-based CoinFlip are expanding globally, with operations in Mexico, Australia, and Brazil, underscoring rising demand outside the U.S. However, regulatory scrutiny remains, as seen in the U.K., where authorities recently cracked down on unregistered crypto ATMs. Despite such caution in some regions, the global crypto ATM market is poised for rapid growth, reflecting the normalization of digital currencies in everyday finance.
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