Australia

Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.com

25/10/2020 by Idelto Editor

The privacy-centric web browser Brave has partnered with Bitcoin.com in order to give users access to cryptocurrencies like bitcoin cash from directly inside their browser. The newly added Bitcoin.com widget has been added to the latest Brave software and is now available to users in various countries.

The latest version of the privacy-oriented Brave browser now has a Bitcoin.com widget that allows people to purchase cryptocurrencies like bitcoin cash (BCH). The widget is available to users in select regions such as the EU, UK, Australia, New Zealand, Canada, and Russia.
Bitcoin.com’s founder Roger Ver tweeted about the recent partnership on October 21. “Bitcoin.com has partnered with Brave to allow users to buy Bitcoin Cash directly inside their privacy-centric browser,” Ver stated.
According to recent statistics, the privacy-centric Browser has roughly 19.6 million monthly users and around 6.6 million active on a daily basis. Brave’s Bitcoin.com widget follows a number of other popular exchange widgets hosted on the browser.
The new widget announcement was extremely popular on the Reddit forum r/btc, as a great number of BCH fans were pleased with the added accessibility. “This is great news,” explained one BCH proponent. “Been using Brave for almost a year now. I think I’ve made about $50 and have tipped a lot of journalists with it.”

“A lot of people love BCH, and the Bitcoin.com service,” Jonathan Sampson, Senior Developer Relations at Brave said on Twitter. “We want these people to be safe, and secure when they’re using Brave. For this reason, a widget helps to protect their transactions,” he added.
Bitcoin cash (BCH) transactions are lightning-fast and fees are always negligible. According to data on Saturday, Oct. 24, 2020, the next block fee for BCH is $0.0014 and the current median fee is $0.0012. In comparison, bitcoin’s (BTC) next block fee is $4.64 and the current median fee is $2.35.

What do you think about Bitcoin.com’s integration with the privacy-centric Brave browser? Let us know what you think about this subject in the comments section below.

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Flipstarter Campaign Aims to Raise Funds for Viral Bitcoin Cash Marketing

18/08/2020 by Idelto Editor

Bitcoin Cash supporters are a passionate bunch and the CEO of Bitcoinbch.com, Hayden Otto is an extremely impassioned BCH supporter. Otto has initiated a fundraising effort toward Bitcoin Cash marketing by leveraging the nonscustodial Flipstarter platform. The fundraiser aims to raise 650 BCH ($194,900) in order to fund a viral marketing campaign that highlights the many benefits of a peer-to-peer electronic cash system.

Hayden Otto from the web portal Bitcoinbch.com has invoked a fundraiser in order to raise bitcoin cash (BCH) funds to start a viral marketing campaign for the decentralized cryptocurrency. Otto explains in the Flipstarter fundraiser called “Bitcoin Cash (BCH) Marketing,” (expires in 15 days) is aimed at carving a new narrative for BCH.

The CEO of Bitcoinbch.com has been behind a number of bitcoin cash (BCH) videos that have gone viral. Otto has also been instrumental toward building adoption in North Queensland, Australia, and bolstering the Bitcoin Cash City conference as well.

After observing a number of campaigns on Flipstarter, Otto noticed that most of the funds are being dedicated to infrastructure and third-party development.

“It came to my attention that some would prefer to donate funds to Bitcoin Cash (BCH) marketing efforts rather than development,” Otto states in his fundraiser description. “This is an area lacking attention and I am proposing that 650 BCH in donations are raised to produce Bitcoin Cash (BCH) marketing material in the form of high-quality videos.”

Otto continued by adding that his team plans to “establish a new narrative for BCH” and he already has a number of concepts in the pipeline ready to develop.

“This content will demonstrate the capabilities of Bitcoin Cash (BCH) and package up into something sexy that shows how Bitcoin Cash (BCH) is for trendy young investors who understand fundamentals,” the Bitcoinbch.com CEO noted.

In the fundraiser description, Otto stresses that he personally will manage the funds donated via the Flipstarter campaign and the money won’t be handled by Bitcoinbch.com. But the web portal will be the vehicle to where the marketing campaign videos will be hosted and published.

Otto says the content will be produced in both English and Chinese languages in order to gather more viewers. He said that in the past he’s figured out the rough cost for a quality video is around $10,000 per video.

For smaller projects, Otto thinks the number can be cut in half and he aims to leverage similar rates for upcoming video projects.

The marketing campaign will need videographers, sound engineers, actors, on-set help, post-production and editing, props, translation, and travel accommodations as well. “The funds will not be used for Bitcoinbch.com business activities,” Otto detailed.

“The core team members are Hayden Otto and Sam Fregonese, who have together produced Bitcoin Cash video productions,” he added.

So far there are 15 days left to donate to Otto’s “Bitcoin Cash (BCH) Marketing” campaign on Flipstarter. Bitcoin Cash supporters have been discussing the campaign on social media and crypto-focused forums like r/btc. The fundraiser is close to halfway toward the goal, with the donation gauge showing 303 BCH ($90,000) pledged to the marketing campaign at the time of publication.

What do you think about Hayden Otto’s “Bitcoin Cash (BCH) Marketing” campaign? Let us know what you think about this subject in the comments section below.

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Australian Woman Jailed Two Years for Stealing $300,000 Worth of XRP

14/08/2020 by Idelto Editor

An Australian hacker who stole 100,000 units of the XRP cryptocurrency has been sentenced to a maximum of two years and three months in jail, local media reported.

Kathryn Nguyen hacked the crypto account of a 56-year old man in January 2018. Working with an accomplice, the 25-year-old Sydney woman proceeded to change the two-factor authentication code to her own mobile phone number.

According to Information Age, a local publication, this allowed Nguyen to transfer the victim’s XRP holdings – worth around $300,000 at the time – onto a Chinese exchange where she converted the funds to bitcoin (BTC) and later moved the coins into several wallets.

Nguyen was eventually arrested sometime in 2018, with the Australian police seizing her computer, mobile phones and money. She was officially charged and pleaded guilty in August 2019. Only $9,000 was recovered by Chinese authorities.

At the time of the hack, each XRP token traded for $2.84. Today, the stolen assets are worth just $30,000 following XRP’s crash to $0.30. Nguyen is the first person to be charged and jailed for cryptocurrency theft in Australia, the report said.

In passing sentence, Judge Chris Craigie said the crime was “out of character” for Nguyen and that her “moral judgment was distorted” at the time.

“A common thread was the offender’s willingness to help others,” Craigie stated. “This takes on a different meaning in her willingly participating and assisting in a criminal enterprise,” he added.

Police investigated Nguyen for about a year following a report by the victim that he had been locked out of his account. However, “the reporting rate for cyber-related crimes (in Australia) is very low,” police said.

According to Ciphertrace, loss from cryptocurrency theft, hacks, and fraud amounted to more than $1.4 billion between Jan. to May 2020 alone. The crypto intelligence firm expects the number to rise to $4.5 billion by year-end.

What do you think about Kathryn Nguyen’s crypto theft and eventually sentencing? Let us know in the comments section below.

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Google, Facebook, Twitter Face Class-Action Lawsuit for Banning Crypto Ads

20/07/2020 by Idelto Editor

Cryptocurrency businesses are taking Google, Facebook, and Twitter to court in a class-action lawsuit that could cost the social media giants $300 billion. The plaintiffs say that their businesses have been hurt by Google, Facebook, and Twitter banning crypto ads on their platforms.

Google, Facebook, and Twitter Taken to Court Over Crypto Ads Ban

Cryptocurrency companies and individuals are taking Google, Facebook, and Twitter to court over the banning of their cryptocurrency ads from Jan. 30, 2018, to the present. The class-action lawsuit is being filed by Sydney-based law firm JPB Liberty.

The plaintiffs claim that their businesses have been harmed when the three social media giants all banned cryptocurrency advertising in 2018 within weeks of each other. Google then reversed the ban for regulated exchanges in Japan and the U.S. in September 2018. However, the plaintiffs argued that there were not many regulated exchanges at the time.

Under Section 45 of the Competition and Consumer Act, Australia prohibits any “arrangements, understandings or concerted practices that have the purpose, effect or likely effect of substantially lessening competition in a market, even if that conduct does not meet the stricter definitions of other anti-competitive conduct such as cartels.”

The law firm explained that “A class action will be brought in the federal court of Australia against the social media giants’ Australian subsidiaries and parent companies for breaches of the Australian Competition and Consumer Law,” elaborating:

The class action will seek damages for worldwide losses of crypto industry members and investors. The announcements of the crypto ad ban by the respondents dropped crypto markets by hundreds of billions of dollars. Crypto exchange volumes also dropped by 60-90%.

JPB Liberty added that the three social media giants together “control a very large percentage of the online advertising market (over 66% of 2018 US digital ad revenue & over 80% of social media ad revenue).” The ban on their popular platforms — including Google, Facebook, Instagram, Twitter, Whatsapp, and Youtube — severely hurt the way crypto businesses acquire customers.

The suit currently has $600 million worth of claims but could grow to $300 billion, according to reports. The case has been put before a senior barrister for review.

The law firm is seeking more claimants to join the lawsuit. “Anyone worldwide who was adversely affected by the crypto ad ban announcements” has a claim and can join the class action lawsuit. They include anyone holding cryptocurrency in 2018, from Jan. 28 to Dec. 31, or later in limited cases. “Persons holding a steem or hive cryptocurrency on chain wallet at any time” also qualify, as are Mt. Gox creditors and owners of crypto businesses, exchanges, wallet providers, ICO projects, miners, and advisors.

What do you think about this lawsuit against Google, Facebook, and Twitter? Let us know in the comments section below.

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Australians Can Now Pay for Bitcoin at 3,500 Australia Post Offices

25/06/2020 by Idelto Editor

Australian residents can now pay for bitcoin at more than 3,500 national post offices. The new service launched by Bitcoin.com.au is aimed at promoting cryptocurrencies to mainstream audiences, alongside established businesses and organizations.

On June 24, 2020, the firm Bitcoin.com.au announced a partnership with the local Australia Post. The collaboration makes it so Australian residents can purchase bitcoin (BTC) effortlessly at 3,500 national post offices. Essentially, each branch member will accept EFTPOS payments and Australian dollars for crypto-asset purchases stemming from Bitcoin.com.au and the Post Billpay service.

Purchases will be facilitated by Bitcoin.com.au, a firm that is already working with 1,500 retail stores in the country. This collaboration is due to a partnership with Blueshyft and it also gives Australians the ability to acquire BTC.

“This is a major milestone for digital currency in Australia and around the world. It proves that there are established businesses and organisations that want to learn about new technologies by doing, and not by blocking,” Holger Arians, CEO of Bitcoin.com.au said during the announcement. Arians added:

Our mission is to make Bitcoin safe and easy for every Australian. For many people, paying for Bitcoin at an Australia Post office feels safer than transferring funds online — particularly for first-time buyers. We’re proud of this partnership and would like to thank Australia Post for its continued openness to new technologies.

The Australia Post believes it has been at the forefront of innovation since its creation 200 years ago. Adding BTC support to over 3,500 Australia Post stores across the country will add more accessibility to those living in the country.

“Australia Post has for a long time played an important role in the community to make services accessible to all,” Susan Nicholson, Australia Post’s Head of Business & Government Financial Services stressed. Nicholson further said:

Post Billpay has been one of Australia’s most trusted bill payment methods for over 20 years, and we’re pleased to now provide the ability for Bitcoin bills to be paid at a post office, which will come with a product enhancement that offers ID verification and real-time bill payment confirmation back to the biller.

The Australia Post and Bitcoin.com.au announcement was originally revealed to the public on May 4, 2020. The May announcement gives Australians step-by-step instructions on how to leverage the Australia Post for bitcoin purchases.

Bitcoin and cryptocurrencies have been becoming quite popular in Australia, as the Australia Post stores’ latest service follows the recent partnership between Coca-Cola Amatil and Centrapay. Thanks to this collaboration over 2,000 Coca-Cola brand vending machines in Australia and New Zealand accept bitcoin (BTC) for purchases.

What do you think about the 3,500 Australia Post stores providing bitcoin sales? Let us know what you think about this story in the comments section below.

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