Auscast Business Channel

Despite the typical "sell in May and go away" market adage, analysts predict a  strong summer for Bitcoin , potentially reaching  new record highs . This optimism is driven by a  combination of factors , including positive  regulatory developments  in the U.S.,  persistent institutional buying , and  anticipated market volatility  stemming from events like t...

Despite the typical "sell in May and go away" market adage, analysts predict a  strong summer for Bitcoin , potentially reaching  new record highs . This optimism is driven by a  combination of factors , including positive  regulatory developments  in the U.S.,  persistent institutional buying , and  anticipated market volatility  stemming from events like t...

This source discusses the  GENIUS Act , a bill recently advanced by the US Senate aiming to regulate certain aspects of  cryptocurrency , specifically  stablecoins . The legislation seeks to implement  consumer protections  by requiring stablecoin issuers to maintain asset reserves and provide repayment priority in case of bankruptcy. While supporters view the bill as a ne...

A recent ruling by a Victorian magistrate in Australia has  potentially significant implications for the taxation of Bitcoin transactions . During a theft case involving a former police officer, the judge determined that  Bitcoin should be treated similarly to Australian dollars, classifying it as property but not subject to capital gains tax . This  contrasts with the Australian Ta...

Donald Trump is reportedly launching a Monopoly-style mobile game in April , developed by an associate and featuring in-game currency, though it is not affiliated with Hasbro's Monopoly. This venture expands Trump's digital portfolio, which includes past games, NFT collections, and the significantly devalued TRUMP memecoin.  Despite criticism and concerns about conflicts of interest , the Tru...

A CoinDesk article dated 16 April 2025 reports on a downturn in the cryptocurrency market. This decline, affecting Bitcoin, XRP, and Cardano's ADA, coincided with a significant drop in Nvidia's stock price. Nvidia faced a $5.5 billion charge due to US restrictions on chip sales to China, impacting investor sentiment across equities and crypto. Concerns about US-China trade tensions,...

The US is considering strategies to increase its Bitcoin reserves without using taxpayer money.  One approach involves  redirecting revenue generated from tariffs  imposed under the "America First" trade policy. Another option being explored is  revaluing the US Treasury's gold certificates  to their current market price and using the surplus to purchase Bitcoin without se...

A report from FXEmpire's "XRP News Today" analyses the potential impact of a US spot exchange-traded fund (ETF) for XRP , drawing parallels with the substantial net inflows and price appreciation observed following the introduction of Bitcoin spot ETFs.  The article highlights that regulatory approval for an XRP ETF could significantly boost institutional investment , referencing the consider...

Ethereum is maintaining a position above $2,000  as institutional interest grows, exemplified by Fidelity and BlackRock's forays into tokenization.  Technical analysis suggests a potential bullish surge  of approximately 65% by June, driven by historical price patterns and current support levels.  Increased accumulation by large Ethereum holders , known as whales, alongside rec...

This FXStreet article provides a technical analysis of  Bitcoin (BTC) ,  Ethereum (ETH) , and  Ripple (XRP) , noting their recent price consolidation and potential for upward breakouts. It highlights key support and resistance levels for each cryptocurrency, along with the significance of moving averages like the 200-day EMA for Bitcoin and the 100-day EMA for Ripple. The analysis i...

A recent SEC roundtable brought together proponents and critics to debate the regulation of crypto assets.  The discussion centred on how to classify these assets, particularly whether they qualify as securities under existing laws.  Points of contention included the applicability of the Howey Test and the potential impact of SEC oversight on the burgeoning crypto industry.  While s...

A significant Bitcoin wallet , inactive for eight years,  has suddenly become active , transferring a substantial amount of cryptocurrency.  This wallet accumulated its holdings in 2016  when Bitcoin's value was considerably lower, resulting in a massive increase in worth.  Blockchain analytics firm Arkham Intelligence tracked these movements  from what they have labelled...

This news report focuses on XRP's recent price stability and gains. It highlights the correlation between Ripple CEO Brad Garlinghouse's participation in a White House Summit and positive market sentiment. The article notes significant XRP outflows from Binance, suggesting long-term accumulation by investors. It further analyses technical indicators, suggesting potential for both up...

US authorities have seized cryptocurrency  linked to a significant theft from a Ripple wallet, suspecting the attackers exploited data from the 2022 LastPass breach.  Investigators believe the hackers  decrypted password vaults stolen during the LastPass incident to extract private keys.  These keys allegedly allowed  them to access and steal cryptocurrency from victims, w...

Donald Trump convened a summit with cryptocurrency leaders at the White House to discuss his vision of the United States becoming the world's "crypto capital."  The meeting followed Trump's executive order establishing a strategic cryptocurrency reserve, intended to serve as a "digital Fort Knox."  Industry figures expressed optimism about Trump's approach to digital assets but voiced di...

An interview with Tether's CEO, Paolo Ardoino, examines the cryptocurrency's evolving relationship with US authorities.  Ardoino argues Tether, once viewed with suspicion, now actively collaborates with law enforcement and aids in stabilising the US dollar.  He highlights Tether's role in decentralising US debt by facilitating access for users in emerging markets.  Ardoino also addr...

A recent executive order from President Trump aiming to establish a strategic Bitcoin reserve has failed to bolster the cryptocurrency market. Bitcoin's value experienced a drop following the announcement due to the absence of explicit government plans to actively purchase the digital asset. The proposed reserve, intended to function like a 'digital Fort Knox', would be capitalised throu...

A recent, enormous cryptocurrency heist, allegedly perpetrated by North Korean hackers known as TraderTraitor, has shaken the crypto world.  The FBI attributes the theft of $2.4 billion in Ethereum from the Bybit exchange to these state-sponsored actors.  The hackers, associated with the Lazarus Group, exploited vulnerabilities via social engineering and malicious apps.  Bybit is co...

President Trump announced a plan to include several cryptocurrencies in the US's "Crypto Strategic Reserve," moving beyond a Bitcoin-only approach.  Bitcoin's market dominance subsequently dipped below 50% as altcoins like Cardano, XRP, Solana, and Ether experienced significant gains.  This decision drew criticism from Bitcoin proponents who argued that the reserve should focus solely on...

Donald Trump has advocated for a "crypto strategic reserve"  encompassing major cryptocurrencies like Bitcoin and Ethereum.  This initiative aims to bolster the cryptocurrency industry  by preventing government sell-offs and potentially increasing federal revenue through rising crypto values.  The proposal has sparked debate , with crypto advocates supporting the measure to sti...

This collection of crypto-related posts focuses on market analysis and breaking news.  A "crypto whale" made significant, leveraged bets on ETH and BTC futures, sparking community discussion. Other posts offer trading signals for specific altcoins like LAYER and AMP, highlighting potential price movements and key technical indicators. Additional news items include updates on PI Network's lock...

Iranian authorities are escalating their crackdown on cryptocurrencies  due to the plummeting value of the rial and ongoing economic turmoil.  The Central Bank of Iran (CBI) has blocked rial payments on crypto exchanges , restricting Iranians' access to Bitcoin and other digital currencies.  These measures aim to curb the outflow of the national currency , though they are criticised...

We dive into an article from TRcrypto.news discusses the potential for XRP to overtake Ethereum in market performance by 2025, citing factors like institutional adoption and regulatory clarity.  However, the article also highlights Lightchain AI, a new blockchain technology, which has raised $16.8 million in its presale, because it offers innovative security and interoperability features.&nbs...

This article from Cryptonews.com reports on Eric Trump's suggestion to "buy the dips" in Bitcoin as its price declined.  The cryptocurrency market experienced a downturn, attributed by some to the Trump administration's trade policies, causing market sentiment to shift towards caution. Despite this, the former President has expressed intentions for the U.S. to become a crypto hub, initiating...

ZyCrypto  presents an article discussing why Ripple's XRP price has not increased significantly despite positive developments. A crypto analyst, GA Spark, suggests that  Bitcoin's performance and macroeconomic factors impact XRP's price.  Regulatory uncertainty surrounding XRP and controlled token releases also contribute to its price struggles.  Spark also theorized that marke...