Connect with us

Crypto World

Toobit Announces AUSTRAC Registration, Bolstering Security and Service for Australian Crypto Traders

Published

on

sp
spsp

Toobit is a very well-known and award-winning cryptocurrency exchange, which has recently announced its successful registration with the Australian Transaction Reports and Analysis Centre, a.k.a AUSTRAC, as a Digital Currency Exchange. This is in full compliance with the country’s Anti-Money Laundering and Counter-Terrorism Financing Act of 2006.

What This Means for Australian Traders

The news is important for the growing community of the exchange in Australia. It confirms that Toobit delivers additional immediate practical benefits as well as enhanced reliability of its services, which include but are not limited to:

  • Reliable banking connectivity and on-ramps for AUD: As an AUSTRAC-registered exchange, Toobit provides a well-recognized on-ramp for local financial institutions, reducing the likelihood of bank-side transaction delays or blocks on transfers involving AUD.
  • Better fraud prevention: To meet the strict requirements of the AML/CFTC Act,  Toobit maintains very high-standard KYC and transaction monitoring protocols.
  • Travel Rule compliance: Toobit’s registered status also allows traders to move assets between different wallets and other global exchanges without having to worry about compliance freezes which are oftentimes associated with unregistered entities.

Speaking on the matter was Mike Williams, Chief Communication Officer at Toobit, who said:

“Securing our AUSTRAC registration is a pivotal step in our mission to provide a transparent and professional trading environment for Australians. […] Meeting these rigorous standards allows us to build a foundation of trust so our traders can navigate global markets with uncompromising security and greater transparency.”

Building on Existing Best Practices

This latest registration with the AUSTRAC is simply building upon Toobit’s successful Polish VASP license acquisition, which was obtained in anticipation of the EU’s Market in Crypto-Assets (MiCA) framework. The cryptocurrency exchange ensures a regulated experience, which is defined by comprehensive security protocols and a complete alignment with the nation’s evolving regulatory landscape by applying these very high-level European standards to its operations in Australia.

The digital asset sector in the country enters 2026 with unprecedented momentum. Industry forecasts project the local market revenue to reach AUD 1.2 billion this year, driven by a nearly 20% annual growth rate.

Advertisement

With global crypto adoption now exceeding 21% of internet-connected adults, 2026 marks a shift toward regulated entities. Australian traders are increasingly prioritizing registered providers that offer verified fraud protection and adhere to the latest national Travel Rule standards.

For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

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 to 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.

Advertisement
SPECIAL OFFER (Exclusive)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Source link

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Bitcoin Price Falls Below $65K as Trump Tariff Concerns Spark Risk-Off Move

Published

on

btc logo

The Bitcoin price fell more than -5% overnight, which caused the asset known as ‘digital gold’ to break below the psychological $65,000 level after President Trump announced plans to raise global tariffs to 15%.

Tariff concerns have been at the root of much of the recent woes across the crypto markets, with Trump regularly sparking mass liquidations with talk of financial sanctions on China, the EU, and others.

This recent move triggered a sharp risk-off rotation across asset classes, causing a -3.2% slump across the total crypto market and leading to the Fear & Greed Index to drop to 5/100, a level not seen since the COVID crash of March 2020.

As of mid-morning on this Monday trading session, BTC USD has recovered slightly from its daily drop, reclaiming $65,000 and now trading at $65,700.

Advertisement
Bitcoin (BTC)
24h7d30d1yAll time

Why Are Trump’s Tariffs Rattling Crypto Markets?

The sell-off intensified after President Trump utilized Section 122 of the 1974 Trade Act to impose a 15% tariff on imports, overriding a prior Supreme Court rejection of similar measures, which has caused uproar across the US.

This regulatory unpredictability has spooked risk assets, causing a decoupling from regional stock markets. Jeff Mei, COO at BTSE, stated that the “sudden uptick in tariff rates is causing investors to sell crypto assets in anticipation of a more serious market decline.”

Beyond trade economics, geopolitical fears are compounding the selling pressure. With prediction markets pricing in potential military strikes against Iran, traders are liquidating speculative positions to secure capital.

Advertisement
Fresh Trump tariff concern coupled with growing military tensions in Iran, caused the Bitcoin price to drop below $65k briefly
(SOURCE: PolyMarket)

The combination of aggressive trade policy and continued military provocations has created a hostile environment for risk-on assets like crypto.

At the same time, gold is back trading above $5,000 and looking set for a new all-time high while the S&P500 is trading just below its own previous highs, underscoring how crypto is the biggest casualty of the global economic situation.

DISCOVER: Next Crypto to Explode in 2026

ETF Outflows Signal Institutional Caution for the Bitcoin Price

Fresh Trump tariff concern coupled with growing military tensions in Iran, caused the Bitcoin price to drop below $65k briefly
(SOURCE: CoinGlass)

Institutional appetite appears to be waning alongside retail sentiment. According to CoinGlass data, US spot Bitcoin ETFs recorded nearly $320 million in net outflows last week, marking the fifth straight week of negative flows amid cooling demand.

While Gold gained +2.6% last week, continuing to act as a traditional safe-haven asset, Bitcoin has seemingly shed its “digital gold” narrative amid this ongoing volatility.

Advertisement

Markus Thielen, head of research at 10x Research, noted that the drop is driven less by a single headline and more by weak liquidity, suggesting the market is in a “typical bear-market phase” characterized by uncertainty and low conviction.

What Happens Next for Us?

The technical picture has obliterated immediate support levels. While traders were previously buying crash protection near $67,000, that floor has now crumbled.

This weakening price action is lending credibility to Standard Chartered, slashing its Bitcoin price prediction for 2026 to just $50,000.

Advertisement

Thielen expects further downside, potentially testing that $50,000 level before a true bottom can be formed.

Prediction markets verify this bearish outlook. Polymarket shows that 62% of users believe that Bitcoin USD will fall below $50,000 this year, aligning with Standard Chartered’s prediction.

Bulls must quickly reclaim $67,500 to prevent another cascading liquidation after more than $500M was wiped out in the past 24 hours.

Advertisement

EXPLORE: Best New Crypto Presales in 2026

The post Bitcoin Price Falls Below $65K as Trump Tariff Concerns Spark Risk-Off Move appeared first on Cryptonews.

Source link

Advertisement
Continue Reading

Crypto World

Tyler Winklevoss ‘Optimistic’ as Gemini Cuts Jobs and Sells BTC

Published

on

Tyler Winklevoss ‘Optimistic’ as Gemini Cuts Jobs and Sells BTC

Gemini co-founder Tyler Winklevoss says crypto sentiment is so bad he’s “optimistic,” even though the exchange he runs with his brother Cameron is forced into a sharp reset and Winklevoss Capital appears to have been steadily selling Bitcoin for the last 12 months.

Despite his public bullish sentiment, onchain trackers including Arkham reveal that the Winklevoss Capital wallet has been reducing its Bitcoin (BTC) exposure over the past year, from about 23,000 BTC in February 2025 to fewer than 11,000 BTC in February 2026.

Gemini’s latest filing with the US Securities and Exchange Commission (SEC) on Tuesday showed that it expected net revenue of between $165 million and $175 million for 2025, up from $141 million in 2024, with about 600,000 monthly transacting users, a 17% year‑on‑year increase.

Winklevoss Capital’s reduced BTC balance. Source: Arkham.

At the same time, projected operating expenses have soared to between $520 million and $530 million, versus $308 million a year earlier.

Related: Crypto investors’ interest moves ‘pretty wide’ beyond majors as dip drags: Exec

Advertisement

On Feb. 5, Gemini announced that it would cut up to a quarter of its staff, exiting the United Kingdom, European Union and Australia to concentrate on the US and Singapore markets.

Less than two weeks later, the company parted ways with its chief operating officer, chief financial officer and chief legal officer, saying that Cameron Winkelvoss would be taking on more responsibilities.

Shrinking market share and strategic pivot

According to a Sunday report by Bloomberg, Gemini’s spot market share shrank to around 0.1% of global spot crypto trading in January, down from 0.6% in June 2025, and its market value has fallen from almost $4 billion to under $700 million since last year’s public listing.

Citing people familiar with the matter, Bloomberg reported that Gemini had let go of additional US staff and was now focused on a pivot toward a new Commodity Futures Trading Commission (CFTC) regulated prediction markets platform, and custody and credit card services.

Advertisement

The company’s 8‑K filing confirmed the senior leadership shakeup and noted that Cameron Winklevoss would absorb many of the outgoing chief operating officer’s duties, while interim executives step into the chief financial officer and general counsel roles.

Bitcoin Price, Gemini, United States, Cryptocurrency Exchange, Winklevoss Twins
Gemini’s 8-K filing. Source: SEC.

Cointelegraph reached out to Gemini to confirm the reported additional layoffs, strategic pivot and BTC sales, but had not received a response by publication.

Bleak market sentiment piles on pressure

Gemini’s restructuring comes against a backdrop of unusually bleak sentiment across the crypto market. 

Miners such as Bitdeer have liquidated their BTC treasuries, US-based spot Bitcoin ETFs have bled for the past five weeks and popular sentiment gauges like the Crypto Fear & Greed Index have sunk to extreme fear levels, coinciding with Google searches for “Bitcoin going to zero” being at their highest since 2022.

Related: Gemini exit a ‘blow for policymakers’ with UK crypto hub ambitions

Advertisement

A handful of high‑profile investors remain long Bitcoin, however, including Japan’s Metaplanet, which has repeatedly doubled down on its BTC accumulation strategy despite market conditions, and US Bitcoin treasury pioneer Strategy, the largest publicly listed owner of BTC at 717,131, which hinted at its 100th Bitcoin buy on Sunday. 

High-frequency trader and BitMEX co-founder Arthur Hayes also posted his portfolio on Monday. He remains heavily weighted toward BTC alongside gold, oil and other assets, while macro analysts such as Lyn Alden remain long but expect a grinding market rather than a sharp rally in the near term.

Magazine: Bitcoin’s ‘biggest bull catalyst’ would be Saylor’s liquidation — Santiment founder