As the tax season approaches, Australians have more reasons to be wary of persons claiming to be from the Australian Taxation Office (ATO). In the four months since July 1, Australians have lost nearly AU$1 million to scammers posing as the tax officials according to the ATO.

Over the last 24 hours, the valuation of the crypto market has fallen from $185 billion to $181 billion, by around $4 billion. On November 15, amidst one of the worst single-day corrections in all of 2018, the crypto market saw a wipeout of more than $27 billion.