The Latest Breaking News from Cryptocurrency

Australians lost over $AUD 113 million ($81.5m) to cryptocurrency scams between January 1 and May 1 this year, the Australian Competition and Consumer Commission (ACCC) on Monday said. According to ACCC, Australians lost a total of $AUD 205m ($148m) to various scams this year, a 166% increase compared to the…

And that’s likely just the tip of the iceberg.

A lot of investors don’t understand their liability, warn tax agents, while others call for the complicated Australian system to be overhauled

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week we posed the following question to over 1,000 Benzinga visitors on cryptocurrency investing:

Plummeting prices and lost life savings confirmed for many that the blockchain dream was too good to be true – and it may now struggle to hit past highs

Amsterdam-based popular cryptocurrency analyst Michaël van de Poppe says Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are on the verge of bouncing back in the market. 

Numerous cryptocurrency firms globally are firing significant shares of their workforce in the wake of bearish market sentiment.  What Happened: The last week has seen major cryptocurrency exchanges and companies, such as Gemini, 2TM and Bitso, dismiss dozens of employees. 

Investing in the Metaverse and NFT industry is possible through various options. Although it requires a certain degree of cryptocurrency awareness and expertise, buying crypto assets and non-fungible tokens is the most straightforward one. However, using the Metaverse Index or an NFT ETF changes that narrative for the better. 

Many cryptocurrency exchanges compete for new users and trading volume from active traders. The month of May saw a change in who led the way for the trading volume of the most valuable and most well-known cryptocurrency.