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Blockchain Australia CEO calls for unified efforts to stamp out crypto scams

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Blockchain Australia’s new CEO, Simon Callaghan, is urging Australia’s banks, the government and the crypto industry to come together to combat rising cryptocurrency scams.

Speaking on the final day of Australian Blockchain Week in Melbourne on June 30, Callaghan announced that the association will now be focused on helping prevent scams that involve crypto, among its other efforts.

Simon Callaghan speaking at Australian Blockchain Week on June 30. Source: Cointelegraph

“We’re going to have to work with the banking sector. We’re going to have to work with the government,” the CEO said, stressing the need to protect consumers.

Callaghan however noted that scams often originate on social media or through telecommunication channels — noting that policing efforts need to start from the point of first contact:

“Crypto is either an exit point or minor piece in the lifecycle of the scam, the scam happens much further up the chain.”

The CEO noted that few countries have managed to cooperate efficiently to combat cryptocurrency scams so far, but shared hopes Australia can break that barrier and set an example for other jurisdictions:

“If we can take some leadership on that in Australia, I think we can certainly take that forward globally as well.”

Cryptocurrency-related scams have been a headline issue in Australia over the past month. Since May, two of Australia’s largest banks imposed restrictions or outright bans on certain payments made to cryptocurrency exchanges, citing the rising threat of scams.

The Australian government has also shown interest in tackling the issue, with the Australian Competition and Consumer Commission (ACCC) — the country’s consumer watchdog — set to open its National Anti-Scam Center on July 1.

According to the ACCC, the NASC will collate expertise and resources to prevent scammers from making contact with Australians and to raise consumer awareness about how to avoid scams.

Trevor Power, an Australian Treasury assistant secretary, told Cointelegraph on June 26 that the Australian government is investing heavily into reducing scams and that cryptocurrency-related scams will be a focus for the NASC:

“I think it has been pointed out that crypto at the moment is a significant vector for scams, and so obviously, it’s part of the center of their work; they will also be focusing on crypto.”

Related: Crypto debanking could drive industry underground: Australian Treasury

Earlier this week, Blockchain Australia said it planned on examining scam data collected from cryptocurrency exchanges and, from that, share the best practices for scam and fraud prevention.

Blockchain Australia is the peak industry body for blockchain in Australia. The body represents 111 blockchain-based firms operating in Australia, according to the firm’s website.

Magazine: Australia’s world-leading crypto laws are at the crossroads: The inside story

Cryptocurrency

Pepe Outperforms Bitcoin as Crypto Market Recovers and MIND of Pepe Sees Gains

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Pepe (PEPE) has outpaced Bitcoin’s (BTC) gains in a surprising 24-hour rally.

While Bitcoin has bounced back slightly after its recent sell-off, Pepe’s performance is another reminder of the power meme coins have.

Meanwhile, the presale project MIND of Pepe (MIND) continues to gain traction – having raised over $7 million ahead of its official launch.

PEPE Posts Bigger Gains Than BTC as Crypto Market Turns Green

PEPE has climbed to $0.0000066, marking a 15% gain since yesterday and a 26% recovery from Monday’s low.

This suggests PEPE may have finally bottomed out, though it still has considerable ground to recover.

Bitcoin, meanwhile, returned to $83,350 – marking a 3% jump since yesterday.

Any upward movement is welcome after the difficult period investors have faced recently, but BTC’s gains look conservative compared to PEPE’s.

The rising open interest (up over 2%) indicates traders are returning to the market with renewed confidence.

But the positive momentum isn’t limited to just BTC and PEPE.

A quick market scan reveals XRP, Solana, and Cardano are all posting healthy gains as investor sentiment improves across the board.

Only TRON remains in negative territory while the rest of the market is green.

Is this the beginning of a sustained comeback, or just a temporary bounce before another downturn?

Crypto Shrugs Off ETF Delays and Continues to Rebound

Despite the positive price action, the regulatory landscape remains rocky for crypto.

The SEC has again delayed its decision on several proposed ETF decisions for XRP, Solana, Litecoin, and Dogecoin.

But Bloomberg ETF analyst James Seyffart assures investors that these delays are just standard procedure and nothing to worry about.

The SEC has “designated a longer period” for these decisions, pushing some, such as Grayscale’s XRP and Cboe’s Solana ETF applications, into May.

However, Seyffart notes the final deadlines aren’t until October.

Interestingly, the market has remained resilient despite this disappointing news.

Crypto analyst King La Crypto believes the Bitcoin bottom is now in, potentially setting the stage for a big rally in Q2.

He has built a reputation for accurate calls – meaning his forecast carries weight.

So, after weeks of uncertainty, crypto traders might finally have something to look forward to instead of worrying about how deep they are in the red.

MIND of Pepe Raises $7.2M in Presale as Some Analysts Back It to Explode Post-Listing

Another project that’s been building momentum alongside Pepe and Bitcoin is MIND of Pepe (MIND).

This new token combines everyone’s favorite meme frog with something you don’t usually see in the meme coin sector: actual utility.

MIND of Pepe introduces a self-sovereign AI agent designed to interact with the crypto ecosystem.

It can analyze market trends, engage on social media, and provide insights to MIND token holders.

It’s like having a personal crypto assistant by your side 24/7.

The project has now raised $7.2 million in its ongoing presale, highlighting the strong investor interest despite the recent market slump.

And for those who stake their MIND tokens, the project offers estimated annual yields of 312%.

Even some top crypto analysts are taking notice.

Crypto ZEUS recently highlighted MIND of Pepe in a YouTube video, simply stating “this is big” – an endorsement that’s brought even more attention to the project.

Two security audits, from Coinsult and SolidProof, back everything up and aim to reassure investors about MIND of Pepe’s safety.

The MIND token has even been featured on CoinSniper.net.

With its AI utility and meme-centric energy mix, MIND of Pepe offers something different for meme coin traders.

That could help it stand out post-listing – and potentially attract even more investment.

Visit MIND of Pepe Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

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Speed isn’t just a challenge for blockchain – it’s the deciding factor between adoption and obsolescence. If Web3 can’t match the seamless experience users expect, it won’t matter how decentralized or innovative it is.

The current state of development speaks volumes: according to a16z’s Builder Energy Dashboard, which tracks where crypto’s builders are focusing their efforts, infrastructure development accounts for around one-fifth of activity, with Layer 1 and Layer 2 projects making up over a third of that segment. Given that most of these projects are focused on delivering high transaction speeds without corresponding high fees, it’s clear that scalability and processing times remain a major constraint on the industry.

However, blockchain scalability must not become the only lens through which we evaluate transaction speeds. Achieving the highest transactions per second isn’t an end in itself – it’s a means to a better user experience. In the areas where Web3 is gaining the most traction – namely trading and gaming – fast settlement isn’t a luxury; it’s a requirement for competing with Web2 incumbents.

Trading Up to DeFi

Demand for on-chain trading is surging. According to a16z’s annual State of Crypto report, decentralized exchanges (DEXs) now handle 10% of total spot crypto trading – a dramatic shift from just four years ago when centralized exchanges (CEXs) dominated 100% of the market.

Meanwhile, total value locked (TVL) in DeFi has climbed back above $100 billion for the first time since 2021, and analysts project continued expansion, with DeFi expected to grow at a 45% CAGR through 2032. The market is increasingly recognizing the advantages of on-chain, transparent, peer-to-peer trading over the black-box opacity of centralized systems.

But Web3 isn’t competing in a vacuum – legacy finance isn’t standing still. If on-chain trading platforms want to pull users away from TradFi, they need to offer speed, seamless UX, and reliability on par with platforms like Robinhood or Fidelity. The reality is that blockchain will never match TradFi’s centralized servers in raw speed – physics, latency, and decentralization make that impossible. But that’s not where Web3 wins. Its edge isn’t measured in milliseconds; it’s measured in trustlessness, finality, and programmable finance—things legacy systems simply can’t offer.

The real battle isn’t just about execution speed; it’s about how much trust, efficiency, and flexibility Web3 can inject into the financial stack. On-chain trading isn’t about making TradFi obsolete—it’s about building a financial system where finality is instant, markets are open, and speed serves trust, not intermediaries.

Game Studios Building It for Themselves

While gaming has seen flashes of mainstream interest, from Axie Infinity’s early surge to NBA Top Shot’s collectibles boom, long-term adoption remains elusive. This year, Ton has emerged as a hub for blockchain-based gaming, with viral hits like Hamster Kombat, Notion, and Catizen. These trends suggest that blockchain can add new layers of ownership and economic incentives to gaming – but viral success doesn’t equal sustainability.

The real opportunity lies in instant asset settlement, true player ownership, and permissionless economies, but only if blockchain tech can operate at speeds indistinguishable from traditional game servers. If transaction delays or high fees create friction, Web3 gaming risks being a novelty rather than a revolution – a niche experiment instead of a fundamental shift in the industry.

Unlike DeFi and on-chain trading, which have seen institutional backing, blockchain gaming is still in its experimental phase. Developers face a different set of challenges: while traders may tolerate some transaction costs, gamers won’t. If fees and latency interrupt gameplay, blockchain titles simply can’t compete with the seamless experience of traditional games. That’s why some studios, frustrated with existing infrastructure, have built their own chains – like Sky Mavis with Ronin or Dapper Labs with Flow.

This signals an unmet need: Web3 gaming requires infrastructure tailored for high-speed, low-cost transactions at scale. Instead of forcing developers to solve these problems themselves, the industry must deliver blockchains that are as invisible as they are powerful. After all, game creators should be focused on building immersive experiences, not architecting new networks from scratch.

The Need for High-Speed Blockchains

If blockchain is ever to deliver on high-demand use cases such as on-chain trading and gaming, the industry needs truly scalable, high-speed networks capable of matching Web2’s seamless experience. Solana’s rapid rise illustrates the demand for fast, cheap block space, but its struggles with uptime highlight the challenge of delivering scalable speed without compromise. Even Ethereum’s Layer 2 solutions, while improving speed and cost efficiency, introduce their own set of challenges – chief among them interoperability and fragmentation.

The direction of travel is right, but the clock is ticking. Blockchain infrastructure must evolve fast enough to deliver on Web3’s promises before Web2 incumbents absorb its best ideas. Speed is critical, but speed alone isn’t enough. The real goal isn’t just to match Web2’s performance – it’s to build a trustless, open, and composable foundation that Web2 can’t replicate.

Author bio

Tristan Dickinson is the Chief Marketing Officer at exSat Network, a docking layer for Bitcoin. A dynamic and visionary marketing executive, Tristan brings a wealth of experience from the banking, financial services, Web3, and technology sectors.

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Avalanche London Summit: First Speakers Announced

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[PRESS RELEASE – London, United Kingdom, March 13th, 2025]

The Avalanche London Summit, which will take place between May 20-22, 2025 at Hatfield House in Hatfield, England, has announced its first lineup of expert speakers from across the world of blockchain and crypto. Hosted by Ava Labs, the event will bring together over 1500 developers, founders, investors, and former policymakers to explore the latest innovations in blockchain, AI, Layer 1 (L1) development, and the Avalanche ecosystem.

The first confirmed speakers bringing their expertise and insights to the event include:

  • Emin Gün Sirer, Founder and CEO, Ava Labs
  • John Wu, President, Ava Labs
  • Lavinia D. Osbourne – Founder, Women in Blockchain Talks
  • Anthony Scaramucci – Founder & Managing Partner, SkyBridge Capital
  • Baylor Myers – Vice President, Corporate Development, BitGo
  • Christopher Perkins – President, CoinFund
  • Haseeb Qureshi – Managing Partner/Founder, Dragonfly
  • Meltem Demirors – General Partner, Crucible Capital
  • Paul Kremsky – Global Head of Business Development, Cumberland
  • Rob Hadick – General Partner, Dragonfly
  • Stani Kulechov – Founder, Aave Labs

The event follows a successful Summit in Buenos Aires, in October 2024. Featuring 92 sessions and 164 speakers, the first-ever trilingual Summit with real-time translations set a new benchmark for global blockchain engagement. Building on this momentum the Avalanche London Summit will deliver thought-provoking keynotes, interactive panel sessions, hands-on workshops, and opportunities for networking with industry leaders and visionaries. Covering topics from AI, DeFi, Institutional Adoption, Gaming, Developer Tools, SocialFi, and more, the Summit will deliver unmissable insights and inspire bold visions for the future of Web3.

Emin Gün Sirer, Founder and CEO, Ava Labs, comments: “We are honored to be bringing together industry leaders, innovators, and pioneers shaping the future of blockchain and Web3. London’s vibrant and pro-crypto ecosystem acts as a key tech hub, allowing us to connect with over 50 of our key EMEA partners across DeFi, Institutional, and Gaming, deepening our regional ties. From ground-breaking developments in cryptocurrency to real-world L1 applications, our speakers will share invaluable insights to inspire collaboration and drive the next era of blockchain adoption forward.”

Lavinia D. Osbourne, Founder, Women in Blockchain, Talks and emcee of the Summit comments: “There’s a vibrant female blockchain community in the UK driving real innovation and change, and I’m excited to be part of an event that brings together diverse voices within the space. I look forward to the Summit providing a platform to re-connect for meaningful dialogue, collaboration, and growth, while also fostering valuable networking opportunities for those new to the space.”

Alongside the Summit’s main agenda, a series of supporting events will further engage the community and drive innovation:

  • Codebase: The official Avalanche incubator where Web3 founders participate in an in-person Welcome Week, culminating in a Demo Day on May 29.
  • Avalanche Innovation House: A multi-month residency in Bath for 20 visionary builders, featuring daily collaboration, expert mentorship, and workshops until May 18 before heading to the Summit.
  • Owl Explains Crypto Summit presented by Sidley: A one-day conference for policymakers, academics, and industry experts focused on blockchain and DeFi regulations through curated, in-depth sessions on May 22.
  • Avalanche Hackathon: A three-day event for developers, designers, and blockchain enthusiasts to innovate and build transformative projects with dedicated mentorship and workshops, May 23-25

Additional speakers and the full agenda will be announced soon. For more information on the Avalanche London Summit and to secure tickets, users can visit https://www.avalanchesummitlondon.com/

About Avalanche 

Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network’s architecture allows for the creation of sovereign, efficient, and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future.

Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.

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