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Crypto Exchange Tokens: Tomorrow’s Blue Chip Investments

Thu, 21 Nov 2024 18:53:45 -0000

The Rise of Crypto Exchange Tokens as Blue Chips Institutional interest in cryptocurrencies is surging, driven by the success of spot Bitcoin ETFs and increasing adoption of blockchain technologies. While much of the crypto market remains speculative, exchange tokens, the native cryptocurrencies of trading platforms, are well-positioned to become the blue-chip investments of the digital … Continue reading "Crypto Exchange Tokens: Tomorrow’s Blue Chip Investments"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/07/gold-bitcoin-sign-symbol-icon-bursting-through-background-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange tokens" decoding="async" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/07/gold-bitcoin-sign-symbol-icon-bursting-through-background-1.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/gold-bitcoin-sign-symbol-icon-bursting-through-background-1-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/gold-bitcoin-sign-symbol-icon-bursting-through-background-1-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure><h2>The Rise of Crypto Exchange Tokens as Blue Chips</h2> Institutional interest in cryptocurrencies is surging, driven by the success of spot Bitcoin ETFs and increasing adoption of blockchain technologies. While much of the crypto market remains speculative, exchange tokens, the native cryptocurrencies of trading platforms, are well-positioned to become the blue-chip investments of the digital finance era, offering both stability and exponential growth opportunities. <h2>What Are Crypto Exchange Tokens?</h2> <a href="https://cryptocurrencynews.com/investing-news/sony-ventures-into-crypto-exchange-market/">Crypto exchange</a> tokens serve as utility tokens for trading platforms, offering fee discounts, rewards, and other benefits. Unlike traditional cryptocurrencies like Bitcoin (BTC-USD), which have limited utility, exchange tokens play a critical role in their ecosystems, providing tangible value and continuous growth for traders and investors alike. <h2>How Crypto Exchange Tokens Mimic Blue Chips</h2> The term “blue chip” describes assets that deliver consistent, long-term value. Exchange tokens, with their essential role in the crypto ecosystem, mirror this concept by offering sustainable growth tied to the success of their parent platforms. For example, Binance Coin (BNB), the native token of Binance, has grown alongside the exchange to become the fourth-largest cryptocurrency by market cap. With a history of high utility and impressive growth, BNB exemplifies the blue-chip potential of exchange tokens. <h2>High-Potential Exchange Tokens to Watch</h2> While BNB has already cemented its status, several other exchange tokens show significant promise: <ol> <li> Bitget Token (BGB)</li> </ol> Bitget Token (BGB) has emerged as a top performer in 2024, reaching an all-time high of $1.39. Recognized by Forbes for its strong performance, BGB demonstrates resilience in volatile markets. Bitget’s rapid growth, including 20 million new users since March, positions it as a major competitor to Binance. With ongoing developments like a bank card launch and expanding licensing, BGB is poised for continued success. <ol start="2"> <li> OKB (OKB)</li> </ol> OKX’s native token, OKB, offers extensive functionality, including up to 40% fee reductions and passive income opportunities through the OKX Earn platform. With a market cap of $2.25 billion and a relatively low supply of 300 million tokens, OKB has significant upside potential. Its utility extends to decentralized finance (DeFi), enhancing its value proposition as a blue-chip candidate. <ol start="3"> <li> KuCoin Token (KCS)</li> </ol> KuCoin Token (KCS) stands out with its low supply of 142 million tokens and strong utility within the KuCoin ecosystem. While more speculative than its counterparts, KCS offers high growth potential for investors willing to take on additional risk. KuCoin’s user base has grown to 30 million, and despite regulatory challenges, the platform’s expansion could drive substantial value for KCS holders. <h2>Why Exchange Tokens Outperform Traditional Cryptos</h2> Unlike Bitcoin, which lacks inherent utility, exchange tokens derive value from their ecosystems. Their use in reducing trading fees, earning rewards, and accessing exclusive platform features creates steady demand, driving long-term growth. The integration of exchange tokens into financial infrastructures further supports their potential as blue-chip assets, offering stability in an otherwise volatile market. <h2>Building a Portfolio of Exchange Tokens</h2> Investing in crypto exchange tokens is an effective way to gain exposure to the cryptocurrency market’s growth while mitigating some of its inherent volatility. Tokens like BNB have already demonstrated their capacity for exponential growth, while emerging tokens like BGB, OKB, and KCS offer fresh opportunities for savvy investors. As institutional interest in crypto continues to rise, exchange tokens are set to play an increasingly vital role in the ecosystem, making them a cornerstone of any long-term investment strategy. Crypto exchange tokens are carving their niche as future blue-chip assets. For investors seeking a balanced approach to the volatile crypto market, these tokens provide a blend of functionality, scarcity, and growth potential unmatched by many traditional cryptocurrencies. Featured Image: Freepik © ruslan_ivantsov <a href="https://cryptocurrencynews.com/disclaimer" target="_blank" rel="noopener">Please See Disclaimer</a>
Bitcoin Hits $98,000 Amid SEC Shakeup

Thu, 21 Nov 2024 18:44:31 -0000

Bitcoin (BTC-USD) surged back to $98,000, nearing its record high, following the announcement that Securities and Exchange Commission (SEC) Chair Gary Gensler will step down on January 20. This key development coincides with heightened optimism about potential pro-crypto policies under the incoming U.S. administration, creating a bullish environment for digital assets. The cryptocurrency peaked at … Continue reading "Bitcoin Hits $98,000 Amid SEC Shakeup"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/08/34154-2-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="bitcoin" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/08/34154-2-1.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/08/34154-2-1-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/08/34154-2-1-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>Bitcoin (BTC-USD) surged back to $98,000, nearing its record high, following the announcement that Securities and Exchange Commission (SEC) Chair Gary Gensler will step down on January 20. This key development coincides with heightened optimism about potential pro-crypto policies under the incoming U.S. administration, creating a bullish environment for digital assets. The cryptocurrency peaked at $98,300 in early trading before retracing slightly. Investors remain upbeat about potential regulatory changes that could benefit the crypto sector, with market sentiment further bolstered by the prospect of a more crypto-friendly SEC under new leadership. <h2>Pro-Crypto Policies Drive Bitcoin Surge</h2> Bitcoin has soared over 40% since the U.S. presidential election on November 5, as investors anticipate a wave of crypto-positive policies under President-elect Donald Trump. These include discussions around establishing a bitcoin national stockpile and replacing SEC leadership to foster a more supportive regulatory framework for digital assets. Reports from transition insiders suggest a focus on creating the first-ever federal crypto policy role, sparking optimism across the cryptocurrency market. This momentum has catapulted Bitcoin closer to the much-anticipated $100,000 milestone. <h2>Industry Leaders See Bright Future for Bitcoin</h2> Mike Novogratz, CEO of Galaxy Digital (TSX:GLXY), expressed confidence in the incoming administration’s approach to digital assets. Speaking to Yahoo Finance, Novogratz emphasized the stark contrast between the Trump administration’s pro-crypto stance and the outgoing regulatory environment. “All the guys around the table believe in the digital asset world, in blockchain, and bitcoin. This administration’s energy is going to be so different from the Gary Gensler era,” Novogratz stated. Galaxy Digital’s positive outlook reflects broader market sentiment, as institutional players position themselves for potential regulatory changes that could unlock further growth in the cryptocurrency space. <h2>Crypto Adoption Gains Momentum</h2> The rising interest in Bitcoin has coincided with significant developments in the broader crypto ecosystem. A <a href="https://www.ft.com/content/d7f921d5-3668-4b6b-a98d-2681ad73610f" target="_blank" rel="noopener">Financial Times report</a> revealed that Trump Media & Technology Group is in advanced talks to acquire Bakkt (NYSE:BKKT), a crypto trading platform. This acquisition could signal a larger push for integrating cryptocurrency into mainstream finance and technology. In addition, spot bitcoin ETFs have experienced record inflows. BlackRock’s (NASDAQ:BLK) iShares Bitcoin Trust (IBIT) saw assets rise by $13 billion following Trump’s presidential win, pushing its total assets past $40 billion less than a year after launch. The rapid adoption of bitcoin-linked financial products is drawing increased trading activity, with options tied to IBIT beginning to trade on the Nasdaq this week. <h2>Market Outlook for Bitcoin</h2> The combination of regulatory optimism, institutional adoption, and increasing inflows into bitcoin-linked ETFs has created a strong bullish narrative for <a href="https://cryptocurrencynews.com/market-news/bitcoin-price-projection-could-100k-become-reality-this-november/">Bitcoin</a>. As investors eye the $100,000 milestone, attention remains focused on how the incoming administration’s policies will shape the crypto market’s trajectory. While risks remain, particularly around potential global regulatory crackdowns or macroeconomic headwinds, the current environment positions Bitcoin as a key player in the future of finance. Bitcoin’s recent surge underscores the growing confidence in its role as a hedge against inflation and a critical component of modern investment portfolios. Featured Image: Freepik <a href="https://cryptocurrencynews.com/disclaimer" target="_blank" rel="noopener">Please See Disclaimer</a>
Project Liberty, Consensys, and Frequency Network Foundation Announce Major Partnership to Develop Internet Infrastructure that Prioritizes Digital Freedoms

Thu, 21 Nov 2024 16:19:12 -0000

The teams are working together to establish an internet built on the principles of user control, digital sovereignty, and community-driven governance. NEW YORK, Nov. 20, 2024 /PRNewswire/ — Today, Project Liberty, an organization helping people to take back control of their digital lives by reclaiming a voice, choice, and stake in a better internet; Consensys, the … Continue reading "Project Liberty, Consensys, and Frequency Network Foundation Announce Major Partnership to Develop Internet Infrastructure that Prioritizes Digital Freedoms"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/02fc005f9a7f2d35958b5b24f33ecf8d.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/02fc005f9a7f2d35958b5b24f33ecf8d.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/02fc005f9a7f2d35958b5b24f33ecf8d-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/02fc005f9a7f2d35958b5b24f33ecf8d-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/02fc005f9a7f2d35958b5b24f33ecf8d-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>The teams are working together to establish an internet built on the principles of user control, digital sovereignty, and community-driven governance. NEW YORK, Nov. 20, 2024 /PRNewswire/ — Today, <a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=1440983715&u=https%3A%2F%2Fwww.projectliberty.io%2F&a=Project+Liberty" rel="nofollow noopener" target="_blank">Project Liberty</a>, an organization helping people to take back control of their digital lives by reclaiming a voice, choice, and stake in a better internet; <a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=3777883351&u=https%3A%2F%2Fconsensys.io%2F&a=Consensys" rel="nofollow noopener" target="_blank">Consensys</a>, the leading blockchain and Web3 software company; and the <a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=3015217699&u=https%3A%2F%2Fwww.frequency.xyz%2F&a=Frequency+Network+Foundation" rel="nofollow noopener" target="_blank">Frequency Network Foundation</a>, an organization dedicated to development, support, and growth of the Frequency blockchain and ecosystem, announced a partnership to develop infrastructure for a more people-centered internet. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <a href="https://mma.prnewswire.com/media/2413215/Project_Liberty__Logo.html" rel="nofollow noopener" target="_blank"> <img decoding="async" alt="Project Liberty Logo (PRNewsfoto/Project Liberty)" src="https://mma.prnewswire.com/media/2413215/Project_Liberty__Logo.jpg" title="Project Liberty Logo (PRNewsfoto/Project Liberty)"></img> </a> </div> Through this alliance, these three organizations will collaborate on multiple technical integrations with the goal of expanding interoperability and scalability. Aligned in their mission to offer an upgraded internet, the collaboration intends to return agency to individuals, prevent their data from being parceled off, tracked, and sold; and enable individuals to take back control of their online sovereignty from Big Tech. This collaboration will facilitate Frequency’s expansion into the Ethereum ecosystem and EVM compatibility making use of Consensys’ technology. Specifically, joint development teams are investigating leveraging the technology stack of <a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=463147082&u=https%3A%2F%2Flinea.build%2F&a=Linea" rel="nofollow noopener" target="_blank">Linea</a>, the zkEVM Layer 2 network empowering the world to live onchain. Dedicated teams are also exploring “EVM based” Frequency integration with <a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=3363875041&u=https%3A%2F%2Fmetamask.io%2F&a=MetaMask" rel="nofollow noopener" target="_blank">MetaMask</a>, the self-custodial digital wallet and Web3 gateway developed by Consensys, to bring a broader range of social capabilities to the wider Web3 community. Anchored by Project Liberty’s dedication to digital democracy, the collaboration aims to initiate a new era for the digital world: one rooted in freedom, privacy, and community. It’s a revolutionary vision that shifts the power dynamics of the internet as we know it. At the heart of this initiative is the Decentralized Social Networking Protocol (DSNP), an open data standard that allows for secure, user-centered data interoperability. Frequency is a DSNP-compliant blockchain that makes it possible for users to carry their digital identities and data across platforms, without surrendering control to one specific platform. In a Frequency-powered world, individuals are not bound to a single platform but can navigate the web freely and securely, maintaining complete autonomy over their online personas across multiple platforms. A Vision for Digital Democracy For Project Liberty, this partnership is more than a technological shift; it’s part of a broader digital renaissance. Project Liberty was born from a belief that the internet should serve as a public good, a place where people can express themselves freely, connect without fear, and exercise autonomy over their personal data. Through this alliance with Project Liberty, Consensys and the Frequency Network Foundation, that vision is coming to life. “We’re at a tipping point for the future of the internet,” said Frank McCourt, Founder of Project Liberty. “With Consensys and the Frequency Network Foundation, we’re building an internet that empowers people. This is evidence that we are no longer allowing a handful of companies to continue exploiting and controlling our digital lives, instead we are providing a solution that gives people back their agency and a true stake in the digital ecosystem.” “Our social graphs in the Web3 era will be a profound extension and expression of our identities, interests, and ultimately our reputations,” said Joe Lubin, co-founder of Ethereum and CEO and Founder of Consensys. “The Web3 generation of social networking will put the user at the center, giving them full control and ownership of the core elements of their life. We are excited to collaborate with Project Liberty and the Frequency Network Foundation to drive this vision”. Additionally, by collaborating with Consensys to expand into the Ethereum ecosystem, Project Liberty and the Frequency Network Foundation aim to bring the benefits of data ownership and transparent digital governance to a growing number of online citizens who want to reclaim a voice, choice, and stake in a better internet. About Project Liberty Project Liberty is leading the movement to give people back control of their lives in the digital age by ensuring they have a voice, choice, and stake in a better internet. Started in 2019 and publicly launched in 2021 by civic entrepreneur Frank McCourt and supported by a $500-million commitment, Project Liberty includes the work of the Project Liberty Institute—a 501(c)(3) with an international partner network that includes Georgetown University, Stanford University, ETH in Zurich, and other leading academic institutions and civic organizations—and a technological team that is focused on developing the next generation of digital infrastructure. Project Liberty’s activities include the release of the Decentralized Social Networking Protocol (<a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=2479506829&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4290993-1%26h%3D1022949366%26u%3Dhttps%253A%252F%252Fc212.net%252Fc%252Flink%252F%253Ft%253D0%2526l%253Den%2526o%253D4262137-1%2526h%253D2788587183%2526u%253Dhttps%25253A%25252F%25252Fc212.net%25252Fc%25252Flink%25252F%25253Ft%25253D0%252526l%25253Den%252526o%25253D4190484-1%252526h%25253D3170815649%252526u%25253Dhttps%2525253A%2525252F%2525252Furldefense.com%2525252Fv3%2525252F__https%2525253A%2525252Fc212.net%2525252Fc%2525252Flink%2525252F%2525253Ft%2525253D0%25252526l%2525253Den%25252526o%2525253D4091571-1%25252526h%2525253D2732089602%25252526u%2525253Dhttp*3A*2F*2Fwww.dsnp.org*2F%25252526a%2525253DDSNP__%2525253BJSUlJQ!!KZXpRQ!UxwXUDGZ07URQjZnJQ8tR-oRMq4XqUqIMOt2FzdKRTANUD7teHQaee7KWva6aYmQsRH1iQ_h4lxP0N07-_u0z01MW9E%25252524%252526a%25253DDSNP%2526a%253DDSNP%26a%3DDSNP&a=DSNP" rel="nofollow noopener" target="_blank">DSNP</a>), which is stewarded by the Institute and available as a public utility to serve as the bedrock of a more equitable web and support a new era of innovation that empowers people over platforms and serves the common good. About Consensys <a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=3353043132&u=https%3A%2F%2Fconsensys.net%2F&a=Consensys" rel="nofollow noopener" target="_blank">Consensys</a> is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the <a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=3505897714&u=https%3A%2F%2Fmetamask.io%2F%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website&a=MetaMask+platform" rel="nofollow noopener" target="_blank">MetaMask platform</a>, <a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=1341680243&u=https%3A%2F%2Finfura.io%2F%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%26__hstc%3D148571112.a231d19721fb2188de6b01c8fed208f7.1628613675833.1648500873320.1648546025058.320%26__hssc%3D148571112.4.1648546025058%26__hsfp%3D2548326787%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website%3Futm_source%3Dconsensys%26utm_medium%3Dreferral%26utm_campaign%3Dconsensys_website&a=Infura" rel="nofollow noopener" target="_blank">Infura</a>, <a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=463147082&u=https%3A%2F%2Flinea.build%2F&a=Linea" rel="nofollow noopener" target="_blank">Linea</a>, <a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=1733951056&u=https%3A%2F%2Fdiligence.consensys.net%2F&a=Diligence" rel="nofollow noopener" target="_blank">Diligence</a>, and <a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=119237491&u=https%3A%2F%2Fwww.phosphor.xyz%2F&a=our+NFT+toolkit+Phosphor%2C" rel="nofollow noopener" target="_blank">our NFT toolkit Phosphor,</a> we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit <a href="https://c212.net/c/link/?t=0&l=en&o=4308299-1&h=1156391203&u=https%3A%2F%2Fconsensys.io%2F&a=https%3A%2F%2Fconsensys.io%2F" rel="nofollow noopener" target="_blank">https://consensys.io/</a>. About Frequency Frequency is a blockchain that powers the people’s internet through the Decentralized Social Networking Protocol (DSNP). It provides the infrastructure for creating self-sovereign digital identities, public social graphs, and decentralized content sharing, advancing data privacy and user control. Brands, developers, and platforms can use Frequency to integrate scalable, interoperable social features without the need for deep expertise in blockchain. This implementation of DSNP is aligned with Project Liberty’s mission to give people control over their digital lives while fostering innovation in decentralized technology. <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=NY62334&sd=2024-11-20" title="Cision" width="12"></img> View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/project-liberty-consensys-and-frequency-network-foundation-announce-major-partnership-to-develop-internet-infrastructure-that-prioritizes-digital-freedoms-302312080.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/project-liberty-consensys-and-frequency-network-foundation-announce-major-partnership-to-develop-internet-infrastructure-that-prioritizes-digital-freedoms-302312080.html</a> SOURCE Project Liberty <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=NY62334&Transmission_Id=202411201540PR_NEWS_USPR_____NY62334&DateId=20241120" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ adriantoday <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
DIGITAL NEWS PLATFORM MONIIFY TO DELIVER BUSINESS AND FINANCE CONTENT FOR MILLENNIALS AND GEN-Z IN EMERGING MARKETS

Wed, 20 Nov 2024 16:19:12 -0000

Founded by serial entrepreneur Naguib Sawiris, MONIIFY aims to empower the next generation of entrepreneurs and investors to make smarter money moves by providing insights and analysis on high-potential regions and sectors, including tech, AI, cryptocurrency, and energy. DUBAI, UAE, Nov. 20, 2024 /PRNewswire/ — MONIIFY (moniify.com), a digital news platform for Zillennials, founded by businessman and … Continue reading "DIGITAL NEWS PLATFORM MONIIFY TO DELIVER BUSINESS AND FINANCE CONTENT FOR MILLENNIALS AND GEN-Z IN EMERGING MARKETS"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/9bc5ec3fc423f98b93d935f38c88d21b.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/9bc5ec3fc423f98b93d935f38c88d21b.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/9bc5ec3fc423f98b93d935f38c88d21b-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/9bc5ec3fc423f98b93d935f38c88d21b-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/9bc5ec3fc423f98b93d935f38c88d21b-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>Founded by serial entrepreneur Naguib Sawiris, MONIIFY aims to empower the next generation of entrepreneurs and investors to make smarter money moves by providing insights and analysis on high-potential regions and sectors, including tech, AI, cryptocurrency, and energy. DUBAI, UAE, Nov. 20, 2024 /PRNewswire/ — <a href="http://www.moniify.com/" rel="nofollow noopener" target="_blank">MONIIFY</a> (<a href="http://moniify.com/" rel="nofollow noopener" target="_blank">moniify.com</a>), a digital news platform for Zillennials, founded by businessman and entrepreneur Naguib Sawiris, will launch on November 26, 2024. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <a href="https://mma.prnewswire.com/media/2561942/MONIIFY.html" rel="nofollow noopener" target="_blank"> <img decoding="async" alt="(L-R) MONIIFY Hosts and Content Creators Eisa AlHabib, Anushka Rathod, Rula Al Sabaawi, Muhammed Mekki, Ornella Hernandez (seated), Felicia Putri Tjiasaka, Uptin Saiidi, Carly Reilly, and Osamah Essam El-Din (PRNewsfoto/MONIIFY)" src="https://mma.prnewswire.com/media/2561942/MONIIFY.jpg" title="(L-R) MONIIFY Hosts and Content Creators Eisa AlHabib, Anushka Rathod, Rula Al Sabaawi, Muhammed Mekki, Ornella Hernandez (seated), Felicia Putri Tjiasaka, Uptin Saiidi, Carly Reilly, and Osamah Essam El-Din (PRNewsfoto/MONIIFY)"></img> </a> </div> Set to become the go-to platform for entrepreneurs, investors and professionals hungry for knowledge, wealth, and financial freedom in the world’s fastest-growing economies, MONIIFY will provide fresh, bold and insightful business and finance news content. Based in the UAE and with a global outlook, MONIIFY will spotlight emerging markets with a focus on the industries driving the future – from tech and AI to crypto and energy. Covering everything from the GCC’s tech-driven initiatives to the rapid growth in Southeast Asia and India’s dynamic economy, MONIIFY is designed to keep the next generation of leaders ahead of the game. “Young people today need more than traditional business and finance news. MONIIFY speaks directly to the next generation of entrepreneurs, in their language, on the platforms they want,” says Chairman and renowned businessman, Naguib Sawiris. “Young people always ask me ‘what is the secret to success?’ – that is my motivation for MONIIFY, to be the formula for them to achieve their dreams.” Dr Yaser Bishr, Advisor to the Chairman, leading the launch of MONIIFY echoes this, “Western media giants view emerging markets through a Western lens. Emerging markets, home to over 4.3 billion people with a median age of 34, have their own unique stories to tell. These markets accounted for 50.1% of global GDP in 2023 and a staggering 66.7% of global GDP growth over the past decade. MONIIFY is here to change the narrative – a platform by Zillennials, for Zillennials..” Uncover the next big thing from emerging markets first From daily essential updates on the latest in crypto and tech markets to breaking down investment trends and business opportunities and in-depth conversations with some of the most successful and influential entrepreneurs, MONIIFY will provide exclusive access to the strategies behind success. The platform will feature Zillennial-friendly formats, including short videos, explainers, and deep-dive interviews. A masterclass series will unlock access to the biggest names in business sharing their blueprint for success.. MONIIFY’s newsroom will exclusively cover crypto, markets, tech and wealth in emerging markets, led by an accomplished team of international business journalists. “We have brought together the best media talent from international markets as well as emerging markets who believe strongly in the MONIIFY movement, and who represent our brand,” says CEO, Michael Peters, former CEO of Euronews. MONIIFY Creators, brings together trusted voices in financial content, including Eisa AlHabib (UAE), Uptin Saiidi (USA), Anushka Rathod (India), Felicia Putri Tjiasaka (Indonesia), Osamah Essam El-Din (Saudi Arabia), and Sara & Aaron Wee aka The Weeblings (Singapore). Photo: <a href="https://mma.prnewswire.com/media/2561942/MONIIFY.jpg" rel="nofollow noopener" target="_blank">https://mma.prnewswire.com/media/2561942/MONIIFY.jpg</a> Logo: <a href="https://mma.prnewswire.com/media/2561890/5036057/MONIIFY_Logo.jpg" rel="nofollow noopener" target="_blank">https://mma.prnewswire.com/media/2561890/5036057/MONIIFY_Logo.jpg</a> CONTACT: Burson (PR Agency); <a href="mailto:BusiNext.PR@bcw-global.com" rel="nofollow">BusiNext.PR@bcw-global.com</a> <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder2"> <a href="https://mma.prnewswire.com/media/2561890/MONIIFY_Logo.html" rel="nofollow noopener" target="_blank"> <img decoding="async" alt="MONIIFY Logo (PRNewsfoto/MONIIFY)" src="https://mma.prnewswire.com/media/2561890/MONIIFY_Logo.jpg" title="MONIIFY Logo (PRNewsfoto/MONIIFY)"></img> </a> </div> <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=EN60831&sd=2024-11-19" title="Cision" width="12"></img> View original content to download multimedia:<a href="https://www.prnewswire.co.uk/news-releases/digital-news-platform-moniify-to-deliver-business-and-finance-content-for-millennials-and-gen-z-in-emerging-markets-302310182.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.co.uk/news-releases/digital-news-platform-moniify-to-deliver-business-and-finance-content-for-millennials-and-gen-z-in-emerging-markets-302310182.html</a> <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=EN60831&Transmission_Id=202411192330PR_NEWS_EURO_ND__EN60831&DateId=20241119" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ prykhodorov <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
DeFinity Markets Enhances Digital Asset Security with Chainalysis KYT

Tue, 19 Nov 2024 16:19:07 -0000

LONDON, Nov. 19, 2024 /PRNewswire/ — DeFinity Markets®, the first full-stack institutional digital asset matching and settlement platform for fiat and digital assets, is thrilled to announce their integration of Chainalysis, the blockchain data platform. This marks a pivotal moment for DeFinity Markets’ risk management and compliance capabilities. Chainalysis enjoys international acclaim for its blockchain analytics … Continue reading "DeFinity Markets Enhances Digital Asset Security with Chainalysis KYT"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/754487b2a2651d8a7178e437582a2366.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/754487b2a2651d8a7178e437582a2366.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/754487b2a2651d8a7178e437582a2366-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/754487b2a2651d8a7178e437582a2366-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>LONDON, Nov. 19, 2024 /PRNewswire/ — DeFinity Markets®, the first full-stack institutional digital asset matching and settlement platform for fiat and digital assets, is thrilled to announce their integration of Chainalysis, the blockchain data platform. This marks a pivotal moment for DeFinity Markets’ risk management and compliance capabilities. Chainalysis enjoys international acclaim for its blockchain analytics and data offerings, software, and services. Serving a diverse clientele spanning government agencies, cryptocurrency exchanges, financial institutions, insurance providers, and cybersecurity firms across more than 70 countries, Chainalysis has been instrumental in solving high-profile criminal cases and enhancing secure consumer access to digital assets. By seamlessly integrating KYT, the real-time transaction monitoring solution by Chainalysis, into its platform, DeFinity Markets is committed to equipping its compliance team with robust risk management tools. This integration is set to bolster transparency and fortify security within the digital asset landscape, aligning with DeFinity’s unwavering dedication to fostering equitable and transparent trading practices. DeFinity clients have the privilege of utilising Chainalysis’ compliance solutions, enabling real-time monitoring and assessment of digital asset transactions to ensure strict adherence to regulatory protocols. Chainalysis’ cutting-edge technology augments DeFinity’s security architecture, which provides a fortified shield for user data and assets against potential threats and vulnerabilities. DeFinity’s unwavering commitment to nurturing trust and transparency in the digital asset realm is an imperative facet for institutional investors. In expressing enthusiasm about this collaboration, Chris Park, Chief Risk Officer at DeFinity Markets, remarked, “We are thrilled to bring cutting-edge compliance solutions to our users operating within the dynamic digital asset market. This integration seamlessly aligns with our mission to provide transparency and security to our esteemed institutional clients. With the wealth of expertise that Chainalysis brings to the table, we are poised to strengthen our position as the preeminent venue for institutional Digital Asset traders.” Alex Cable, VP North EMEA, Chainalysis: “In today’s dynamic cryptocurrency landscape, trust and security are paramount. DeFinity Markets is on a mission to uphold high standards of compliance and risk management. By leveraging blockchain’s inherent transparency, they are able to provide a secure and reliable platform for their clients.” About Chainalysis Chainalysis is the blockchain data platform, making it easy to connect the movement of digital assets to real-world services. Organizations can investigate illicit activity, manage risk exposure, and develop innovative market solutions with deep blockchain data insights. Our mission is to build trust in blockchains, blending safety and security with an unwavering commitment to growth and innovation. For more information, visit <a href="http://www.chainalysis.com/" rel="nofollow noopener" target="_blank">www.chainalysis.com</a>. About DeFinity Markets DeFinity Markets® is the Institutional Standard in Digital Assets Trading and fiat rails. DeFinity is built on institutional-grade technology offering unprecedented digital assets market access to globally leading Financial Institutions seeking to diversify their portfolio. The DeFinity management team has applied decades of knowledge of traditional financial markets to create the DeFinity ECN with direct market access. Platform participants can transact fiat FX trades with the digital asset’s component completed on the DeFinity ECN. The ECN is custody-agnostic and provides FIX API access, a standardized rulebook powered by an embedded AML/KYC framework. We aggregate quotes from market makers on which qualified clients can transact digital assets. DeFinity offers access to liquidity across all major digital assets, including stable coins. The DeFinity ECN supports fiat currencies including GBP, EUR, USD crosses supported by an integrated fiat on and off-ramp gateway. For further information, please visit: <a href="https://www.definitymarkets.com/" rel="nofollow noopener" target="_blank">www.DeFinitymarkets.com</a>. Contact Media Room DeFinity Markets <a href="mailto:media@DeFinityMarkets.com" rel="nofollow noopener" target="_blank">media@DeFinityMarkets.com</a> <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=IO59661&sd=2024-11-19" title="Cision" width="12"></img> View original content:<a href="https://www.prnewswire.com/news-releases/definity-markets-enhances-digital-asset-security-with-chainalysis-kyt-302308865.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/definity-markets-enhances-digital-asset-security-with-chainalysis-kyt-302308865.html</a> SOURCE DeFinity Markets <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=IO59661&Transmission_Id=202411190100PR_NEWS_USPR_____IO59661&DateId=20241119" style="border:0px;width:1px;height:1px"></img> Featured Image: Unplash @ traxer <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
Ethereum Price Prediction: On Track for $10,000?

Mon, 18 Nov 2024 20:58:56 -0000

Ethereum’s (ETH) price continues to dominate discussions in the crypto market as analysts project a potential rally to $10,000. Despite recent fluctuations, Ethereum has maintained its position as a key player in the blockchain ecosystem, offering unique value through its smart contract capabilities and vast decentralized finance (DeFi) ecosystem. Let’s explore the latest price movements, … Continue reading "Ethereum Price Prediction: On Track for $10,000?"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/07/3180-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Ethereum" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/07/3180-1.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/3180-1-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/3180-1-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>Ethereum’s (ETH) price continues to dominate discussions in the crypto market as analysts project a potential rally to $10,000. Despite recent fluctuations, Ethereum has maintained its position as a key player in the blockchain ecosystem, offering unique value through its smart contract capabilities and vast <a href="https://www.investopedia.com/decentralized-finance-defi-5113835#:~:text=Decentralized%20finance%20is%20a%20blanket,can%20be%20used%20in%20DeFi." target="_blank" rel="noopener">decentralized finance</a> (DeFi) ecosystem. Let’s explore the latest price movements, whale activity, and the technical indicators that suggest Ethereum’s potential for a significant rally. <h2>Ethereum’s Current Market Movements</h2> Recent Price Trends On Monday, Nov. 18, Ethereum’s price retreated to $3,058, marking an 11% drop from its monthly high of $3,445. This decline indicates a local technical correction as market dynamics shift. Whale Activity Signals Selling Pressure Ethereum’s price decline coincides with increased whale activity. Data from LlamaFeed reveals that over $300 million worth of ETH has been moved by whales in the past 24 hours. Notable transactions include: A transfer of 50,000 ETH (valued at $153 million) to Kraken with a transaction fee of just $12.80. Another whale moved 15,579 ETH (worth $47.8 million) to Coinbase. These movements often precede liquidation, signaling potential selling pressure in the short term. Spot ETF Outflows Impact Spot ETFs tracking Ethereum experienced outflows for two consecutive days, with $59.8 million in outflows on Friday. This represents a sharp rise from $3.24 million the previous day. While Ethereum ETFs have garnered inflows of $178 million, this pales in comparison to Bitcoin ETFs, which have amassed $27 billion. <h2>Ethereum’s Performance in the DeFi Ecosystem</h2> Ethereum’s decentralized exchange (DEX) volume dropped by 4.7% in the last 24 hours to $850 million, trailing smaller networks like Solana (SOL), which handled $5.92 billion. Other competitors like Base, Binance Smart Chain (BSC), and Arbitrum also posted higher volumes, handling $1.28 billion, $1.27 billion, and $992 million, respectively. <h2>Catalysts for Ethereum’s Bullish Outlook</h2> Analyst Predictions: A Long-Term Rally to $10,000 Despite current headwinds, analysts remain optimistic about Ethereum’s long-term potential. One prominent prediction suggests a 226% rally, projecting Ethereum’s price could reach $10,000. Key factors supporting this prediction include: Deflationary Dynamics: Ethereum’s tokenomics have shifted to a deflationary model, particularly after the implementation of EIP-1559, which burns a portion of transaction fees. Staking Potential in ETFs: With the possibility of Ethereum staking being integrated into ETFs, additional demand for ETH could drive prices upward. <h2>Technical Analysis: Ethereum’s Bullish Indicators</h2> Ethereum’s technical charts reveal promising signs of a potential reversal: Golden Cross Formation: Ethereum’s 200-day and 50-day Exponential Moving Averages (EMAs) are on the verge of forming a golden cross pattern. This bullish signal often precedes upward momentum in price trends. Fibonacci Retracement Support: Ethereum’s recent sell-off has slowed at the 50% Fibonacci Retracement level, suggesting strong support. Price Targets: Analysts highlight $3,447 as an immediate target, with a potential breakout pushing ETH to its year-to-date high of $3,972. <h2>What’s Next for Ethereum?</h2> While short-term challenges like whale activity and ETF outflows create temporary turbulence, Ethereum’s long-term outlook remains strong. Factors like deflationary tokenomics, staking potential, and technical bullish indicators position Ethereum as a key asset for investors. As blockchain technology evolves, Ethereum’s role in DeFi, NFTs, and other decentralized applications continues to drive demand. Analysts and investors will closely watch ETH’s price movement in the coming weeks, with a possible rebound offering promising opportunities. <h2>Conclusion</h2> Ethereum’s price prediction for a rally to $10,000 reflects the cryptocurrency’s strong fundamentals and growth potential. Despite recent corrections, bullish technical indicators and long-term catalysts like deflationary tokenomics and staking advancements suggest Ethereum is well-positioned for sustained growth. Investors should remain vigilant, conducting thorough research while monitoring market trends and technical developments. <a href="https://cryptocurrencynews.com/market-news/ethereum-price-forecast-3366-target-in-sight-amid-bullish-demand/">Ethereum</a> (ETH) continues to be a cornerstone of the crypto ecosystem, offering opportunities for both short-term gains and long-term value creation. Featured Image: Freepik <a href="https://cryptocurrencynews.com/disclaimer" target="_blank" rel="noopener">Please See Disclaimer</a>
The Best Crypto Presales of 2024: Opportunities and Insights

Mon, 18 Nov 2024 20:48:59 -0000

Crypto presales have emerged as a dynamic way for investors to get in on the ground floor of innovative blockchain projects. These presales often offer tokens at reduced prices before they hit the mainstream markets, presenting opportunities for significant returns if the projects gain traction. However, identifying the best crypto presales in 2024 requires thorough … Continue reading "The Best Crypto Presales of 2024: Opportunities and Insights"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/07/gold-bitcoin-sign-symbol-icon-bursting-through-background-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange tokens" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/07/gold-bitcoin-sign-symbol-icon-bursting-through-background-1.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/gold-bitcoin-sign-symbol-icon-bursting-through-background-1-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/gold-bitcoin-sign-symbol-icon-bursting-through-background-1-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>Crypto presales have emerged as a dynamic way for investors to get in on the ground floor of innovative blockchain projects. These presales often offer tokens at reduced prices before they hit the mainstream markets, presenting opportunities for significant returns if the projects gain traction. However, identifying the best crypto presales in 2024 requires thorough research into each project’s potential, team credibility, and market demand. <h2>1. BlockDAG: Redefining Layer-1 Scalability</h2> At the forefront of the best crypto presales of 2024 is BlockDAG, a sophisticated Layer-1 blockchain project revolutionizing transaction speed and security. BlockDAG employs an enhanced Proof-of-Work (PoW) algorithm to achieve unparalleled scalability. Presale Success: Over $122 million raised with 170,000 unique investors. Token Advantage: Early participants can acquire BDAG tokens at discounted prices during its 45 presale phases, promising high growth potential. BlockDAG’s focus on scalability and security places it as a standout choice for forward-thinking crypto investors. <h2>2. SpacePay: Bridging Crypto and Traditional Finance</h2> SpacePay ($SPY) is designed to make crypto transactions in retail settings seamless. By integrating traditional finance systems with digital currencies, SpacePay simplifies everyday crypto usage, aiming to drive widespread adoption. Its innovative approach positions SpacePay as a game-changer in expanding the utility of cryptocurrencies beyond niche markets. <h2>3. Pepe Unchained: Expanding the Meme Coin Ecosystem</h2> Pepe Unchained ($PEPU) is building on the success of meme coins by offering a Layer-2 blockchain solution. With features like direct bridging between Ethereum and Pepe Chain, Pepe Unchained provides quicker transactions and reduced fees. Staking Incentives: Investors staking $PEPU tokens can earn significant rewards. Community Appeal: A must-watch for meme coin enthusiasts seeking next-level functionality. <h2>4. Crypto All-Stars: Unified Staking for Meme Coins</h2> Crypto All-Stars ($STARS) consolidates staking opportunities for various meme coins into a single platform. By integrating multiple tokens, it allows investors to stake popular meme coins and earn rewards from a unified system. This unique platform caters to the growing demand for diversified staking options, making it a compelling choice for crypto investors. <h2>5. Flockerz: Decentralized Governance with Rewards</h2> Flockerz ($FLOCK) introduces a vote-to-earn system within its decentralized autonomous organization (DAO). Participants in governance can make decisions while earning rewards, emphasizing community-driven development. DAO Integration: Promotes active involvement in decentralized finance governance. Reward System: Engages users in shaping the ecosystem while earning. <h2>6. FreeDum Fighters: Political Satire Meets Blockchain</h2> FreeDum Fighters ($DUM) combines political satire with blockchain technology to create a unique multi-chain meme coin. Its stake-and-vote mechanism allows users to earn rewards based on their political choices within the ecosystem. This blend of humor, interactivity, and blockchain innovation makes FreeDum Fighters a standout presale for those seeking a lighthearted yet engaging investment. <h2>Key Considerations for Investing in Crypto Presales</h2> Navigating the world of crypto presales requires vigilance and research. While the best crypto presales of 2024 offer significant potential, they also carry inherent risks. Here are some tips for evaluating presales: Thorough Due Diligence: Investigate the project’s whitepaper, roadmap, and objectives. Evaluate the Team: Look for transparent, credible teams with a history of successful projects. Market Demand: Assess whether the project addresses a genuine need in the blockchain ecosystem. Regulatory Awareness: Stay informed about regulations in your jurisdiction to ensure compliance. <h2>Conclusion: Best Crypto Presales</h2> The <a href="https://cryptocurrencynews.com/investing-news/best-crypto-to-buy-now-top-picks-for-high-roi-potential/">best crypto</a> presales of 2024, including BlockDAG, SpacePay, and Pepe Unchained, highlight the diverse opportunities within the blockchain ecosystem. From scalability solutions to meme coin innovations and decentralized governance models, these projects showcase the breadth of innovation driving the crypto market. Investors should approach crypto presales with a mix of optimism and caution, ensuring they thoroughly assess each project’s viability and potential returns. With the right research and strategy, these early-stage opportunities can serve as a gateway to significant growth in the dynamic world of cryptocurrencies. Featured Image: Freepik © ruslan_ivantsov <a href="https://cryptocurrencynews.com/disclaimer" target="_blank" rel="noopener">Please See Disclaimer</a>
Quantoz Payments Issues Euro and US Dollar Stablecoins; Receives Backing from Major Crypto-Asset Firms

Mon, 18 Nov 2024 16:19:08 -0000

Quantoz Payments to receive investment from Fabric Ventures, Kraken and Tether UTRECHT, The Netherlands, Nov. 18, 2024 /PRNewswire/ — Quantoz Payments B.V. (Quantoz), the Netherlands headquartered payments technology company, is pleased to announce that it will start issuing two stablecoins EURQ and USDQ, designed to be MiCAR Compliant, on Monday 18th November. EURQ and USDQ are respectively … Continue reading "Quantoz Payments Issues Euro and US Dollar Stablecoins; Receives Backing from Major Crypto-Asset Firms"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/852dcae9297f5b2463d079ab6146176a-2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/852dcae9297f5b2463d079ab6146176a-2.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/852dcae9297f5b2463d079ab6146176a-2-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/852dcae9297f5b2463d079ab6146176a-2-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/852dcae9297f5b2463d079ab6146176a-2-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>Quantoz Payments to receive investment from Fabric Ventures, Kraken and Tether UTRECHT, The Netherlands, Nov. 18, 2024 /PRNewswire/ — Quantoz Payments B.V. (<a href="https://quantozpay.com/" rel="nofollow noopener" target="_blank">Quantoz</a>), the Netherlands headquartered payments technology company, is pleased to announce that it will start issuing two stablecoins EURQ and USDQ, designed to be MiCAR Compliant, on Monday 18th November. <div dir="ltr" id="prni_dvprnejpg8197left" style="width: 100%;text-align: left"><img decoding="async" align="middle" alt="Quantoz Payments" id="prnejpg8197left" src="https://mma.prnewswire.com/media/2559444/Quantoz_Payments_Logo.jpg" title="Quantoz Payments"></img></div> EURQ and USDQ are respectively euro and US dollar-referenced E-Money Tokens (EMTs), issued on the Ethereum blockchain by Quantoz, an Electronic Money Institution (EMI) authorised and supervised by De Nederlandsche Bank (DNB), the Dutch Central Bank. The new EMTs will facilitate euro and US dollar transfers and payments in secondary markets as well as transfers across digital asset and crypto exchanges. Fiat-referencing stablecoins on blockchains can enable digital and decentralised payments that are faster, more transparent, secure and cheaper when compared to existing payment infrastructure. Bitfinex and Kraken, two of the world’s longest standing and most secure crypto-asset exchanges, plan to be the first to list EURQ and USDQ for trading to eligible clients on Thursday 21st November. Arnoud Star Busmann, CEO of Quantoz Payments, said: “We are thrilled to bring to market truly European-native stablecoins, available on respected venues for European consumers and corporations, issued by a company with its roots in the Netherlands, one of Europe’s leading fintech jurisdictions. The MiCA regulation brings a new level of trust to digital assets markets, not least through its prudential requirements on the issuers of stablecoins. As the world of payments becomes more digital, having well-regulated, transparent and fully backed stablecoins is critical to enabling faster, cheaper and more secure settlement within the world’s largest single market.” A group of investors including Fabric Ventures, Kraken and Tether are underlining their support for Quantoz by investing in the company. Anil Hansjee, General Partner at Fabric Ventures, said: “Europeans speak loudly about MICAR making stablecoin issuance seamless in Europe and whilst there are clearer rules, there are very few players that can pull it off at scale. Think regulatory licenses, tier 1 banking partners with adequate liquidity ratios and balance sheets, blockchain expertise, state of the art and scalable compliance onboarding, on chain transaction monitoring, treasury and risk management, security DNA, let alone an ability to convince major European exchanges to list you and market makers to provide liquidity, as well as dApps to build use cases around you. Quantoz Payments have achieved all this and brought all the right components to the table to succeed. Fabric Ventures are delighted to be participating in this partnership and in an investment thesis that sits firmly at the intersection of our expertise in payments and crypto.” Mark Greenberg, VP of Product & GM of Consumer at Kraken, said: “Stablecoins are the backbone of crypto, reshaping the way people connect traditional finance with the decentralized world. We’re pumped to join this investment round and team up with industry partners to push the mission of crypto adoption forward.” Paolo Ardoino, CEO of Tether said: “Our support for Quantoz highlights Tether’s commitment to fostering innovative and regulated solutions within the digital asset landscape. By supporting Quantoz and bringing technology solutions like <a href="https://tether.io/news/hadron-by-tether-platform-brings-simplified-asset-tokenization-to-the-mass-market/" rel="nofollow noopener" target="_blank">Hadron by Tether</a>, we reinforce our dedication to expanding reliable, compliant financial tools that empower users and build trust across the digital ecosystem.” Arnoud Star Busmann, CEO at Quantoz Payments, added: “Quantoz is an established digital payments technology company in the heart of the European Union and started issuing EURD earlier this year, another euro-backed stablecoin focused on e-money solutions for consumer payment ecosystems as well as treasury management for corporates. “The support through this investment round from some of the best businesses in digital assets will enable us to provide a timely solution for digital asset markets as well as unlock the benefits of blockchain based money for more traditional use cases. We are excited to be partnering with them on this journey.” The amount of EURQ and USDQ in circulation is fully backed 1-to-1 by fiat reserves and highly liquid financial instruments such as government bonds. These reserves are managed by an independent foundation, subject to strict DNB oversight and are placed in segregated accounts with Tier 1 banks. In addition to the requirement of maintaining 100% reserves to fully back all circulating assets, Quantoz is also required to hold an additional 2% on its own balance sheet as part of its obligations under MiCAR. About Quantoz Payments Founded in 2015, Quantoz N.V. is a financial technology company. Its subsidiary, Quantoz Payments, was founded in 2021 and issues USDQ, a US dollar backed E-Money Token (EMT) and two euro-backed EMTs, EURQ and EURD, within the European Economic Area. These EMTs facilitate fast, cheap, transparent and secure blockchain technology based payments. Incorporated in the Netherlands, the Company holds an Electronic Money Institution (EMI) license from the Dutch supervisory authority, the Dutch Central Bank. The funds received in exchange for the e-money tokens are held by Stichting Quantoz, a bankruptcy remote entity, which ensures that these funds are safeguarded following the requirements of MiCAR. The e-money tokens in circulation are fully backed 1-to-1 with fiat and highly liquid financial instruments. In addition, the Company is required to hold at least an additional 2% of reserves on its balance sheet. Quantoz Payments and Stichting Quantoz are subject to prudential supervision by DNB. W: <a href="https://quantozpay.com/" rel="nofollow noopener" target="_blank">https://quantozpay.com/</a> L: <a href="https://www.linkedin.com/company/quantoz/" rel="nofollow noopener" target="_blank">https://www.linkedin.com/company/quantoz/</a> X: <a href="https://x.com/Quantoz" rel="nofollow noopener" target="_blank">https://x.com/Quantoz</a> Logo: <a href="https://mma.prnewswire.com/media/2559444/Quantoz_Payments_Logo.jpg" rel="nofollow noopener" target="_blank">https://mma.prnewswire.com/media/2559444/Quantoz_Payments_Logo.jpg</a> <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=EN58436&sd=2024-11-18" title="Cision" width="12"></img> View original content:<a href="https://www.prnewswire.co.uk/news-releases/quantoz-payments-issues-euro-and-us-dollar-stablecoins-receives-backing-from-major-crypto-asset-firms-302307632.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.co.uk/news-releases/quantoz-payments-issues-euro-and-us-dollar-stablecoins-receives-backing-from-major-crypto-asset-firms-302307632.html</a> <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=EN58436&Transmission_Id=202411180230PR_NEWS_EURO_ND__EN58436&DateId=20241118" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ BiancoBlue <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
Margex Announces a Charting Partnership With TradingView

Sun, 17 Nov 2024 16:19:08 -0000

Margex integrates TradingView to simplify market analysis for users VICTORIA, Seychelles, Nov. 16, 2024 /PRNewswire/ — Margex, a cryptocurrency trading platform boasting ultra-convenient and user-friendly copy trading, is excited to announce a charting partnership with TradingView to elevate user experience. Margex is excited to integrate TradingView charts into its platform, enabling traders to benefit from … Continue reading "Margex Announces a Charting Partnership With TradingView"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/d841e9d2ae1895330493e6d28f6e4575.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/d841e9d2ae1895330493e6d28f6e4575.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/d841e9d2ae1895330493e6d28f6e4575-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/d841e9d2ae1895330493e6d28f6e4575-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/d841e9d2ae1895330493e6d28f6e4575-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>Margex integrates TradingView to simplify market analysis for users VICTORIA, Seychelles, Nov. 16, 2024 /PRNewswire/ — <a href="https://c212.net/c/link/?t=0&l=en&o=4304431-1&h=682319263&u=http%3A%2F%2Fmargex.com%2F&a=Margex" rel="nofollow noopener" target="_blank">Margex</a>, a cryptocurrency trading platform boasting ultra-convenient and user-friendly copy trading, is excited to announce a charting partnership with TradingView to elevate user experience. Margex is excited to integrate TradingView charts into its platform, enabling traders to benefit from the best-in-class visual analysis tools. This partnership aims to provide Margex users with seamless access to TradingView’s advanced charting tools, enhancing the best trading experience and empowering well-informed decisions in the market. Margex users can enjoy a TradingView-like trading experience through this product partnership, which includes 100+ technical indicators, 110+ drawing tools, and 17+ chart types without leaving the Margex platform. This collaboration further solidifies Margex’s commitment to ensuring its users of all kinds have access to a secure, user-friendly trading experience. Margex Adds DOGE as Withdrawal and Deposit Option Marge has also included <a class="validateurls_yellow" href="https://c212.net/c/link/?t=0&l=en&o=4304431-1&h=1284439005&u=https%3A%2F%2Fwww.prnewswire.com%2Fnews-releases%2Fmargex-adds-doge-as-a-new-deposit-and-withdrawal-option-302293562.html%23%3A%7E%3Atext%3DMargex%2520exchange%2520is%2520thrilled%2520to%2Cthe%2520usability%2520of%2520its%2520platform.&a=Dogecoin+(DOGE)" rel="nofollow noopener" target="_blank">Dogecoin (DOGE)</a> as an instant withdrawal and deposit option in addition to other existing options, such as <a href="https://c212.net/c/link/?t=0&l=en&o=4304431-1&h=1643689726&u=https%3A%2F%2Fmarkets.businessinsider.com%2Fnews%2Fcurrencies%2Fmargex-includes-kaspa-deposit-and-withdrawal-to-other-existing-features-1033394742&a=KAS" rel="nofollow noopener" target="_blank">KAS</a> and <a href="https://c212.net/c/link/?t=0&l=en&o=4304431-1&h=2921880977&u=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fmargex-includes-toncoin-deposit-withdrawal-110000973.html&a=TON" rel="nofollow noopener" target="_blank">TON</a> to enable users to carry out transactions seamlessly. About Margex Margex is a boutique cryptocurrency exchange established in 2019, providing users access to a safe, powerful, and convenient copy trading platform. Margex copy trading makes trading simple yet effective for traders of any experience level. Users of all types can earn a return on their equity by replicating the trades of professional traders with no experience required, while skilled traders can earn income by allowing other users to copy successful strategies. With a minimum deposit of $10, traders can access all of Margex’s copy trading functionality, as it remains the most user-friendly platform in the crypto industry. Follow Margex on <a href="https://c212.net/c/link/?t=0&l=en&o=4304431-1&h=3991198673&u=https%3A%2F%2Fwww.facebook.com%2Fmargexcom&a=Facebook" rel="nofollow noopener" target="_blank">Facebook</a>, <a href="https://c212.net/c/link/?t=0&l=en&o=4304431-1&h=1150784405&u=https%3A%2F%2Ftwitter.com%2Fmargexcom&a=Twitter" rel="nofollow noopener" target="_blank">Twitter</a>, <a href="https://c212.net/c/link/?t=0&l=en&o=4304431-1&h=1468301311&u=https%3A%2F%2Ft.me%2Fmargex_official&a=Telegram" rel="nofollow noopener" target="_blank">Telegram</a>, <a href="https://c212.net/c/link/?t=0&l=en&o=4304431-1&h=3769705731&u=http%3A%2F%2Fwww.discord.gg%2Fmargex&a=Discord" rel="nofollow noopener" target="_blank">Discord</a>, and <a href="https://c212.net/c/link/?t=0&l=en&o=4304431-1&h=3100307511&u=https%3A%2F%2Fwww.youtube.com%2Fc%2Fmargex&a=YouTube" rel="nofollow noopener" target="_blank">YouTube</a>, or <a href="https://c212.net/c/link/?t=0&l=en&o=4304431-1&h=3655192680&u=https%3A%2F%2Fmargex.com%2Fcareers&a=join+the+Margex+team" rel="nofollow noopener" target="_blank">join the Margex team</a>. About TradingView TradingView is an acclaimed charting and trading platform used by a vibrant community of over 80 million traders worldwide who gather to chat, chart, and trade the international markets. The platform ambitiously yet consistently empowers its users with best-in-class charting tools, live market data, a comprehensive market analysis suite, and a proprietary programming language. Beyond premier user experience, TradingView provides solutions for businesses, including advertising, news partnerships, market widgets, charting libraries, and trading integrations with selected partners. This press release was issued through 24-7PressRelease.com. For further information, visit <a href="https://c212.net/c/link/?t=0&l=en&o=4304431-1&h=1817225142&u=http%3A%2F%2Fwww.24-7pressrelease.com%2F&a=http%3A%2F%2Fwww.24-7pressrelease.com" rel="nofollow noopener" target="_blank">http://www.24-7pressrelease.com</a>. <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=SF58361&sd=2024-11-16" title="Cision" width="12"></img> View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/margex-announces-a-charting-partnership-with-tradingview-302307345.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/margex-announces-a-charting-partnership-with-tradingview-302307345.html</a> SOURCE Margex <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=SF58361&Transmission_Id=202411160700PR_NEWS_USPR_____SF58361&DateId=20241116" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ slabko sereda <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
Cango Inc. Completes Cash-Settled Acquisitions of Crypto Mining Assets

Sat, 16 Nov 2024 16:19:08 -0000

SHANGHAI, Nov. 15, 2024 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced that it has completed the previously announced acquisition of on-rack crypto mining machines with an aggregate hashrate of 32 Exahash per second (“EH”) for a total purchase price of US$256 million … Continue reading "Cango Inc. Completes Cash-Settled Acquisitions of Crypto Mining Assets"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/137868d0d73a40c2e3aca094e5871239.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/137868d0d73a40c2e3aca094e5871239.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/137868d0d73a40c2e3aca094e5871239-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/137868d0d73a40c2e3aca094e5871239-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/137868d0d73a40c2e3aca094e5871239-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>SHANGHAI, Nov. 15, 2024 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced that it has completed the previously announced acquisition of on-rack crypto mining machines with an aggregate hashrate of 32 Exahash per second (“EH”) for a total purchase price of US$256 million in cash (the “Cash-Settled Transaction”) from Bitmain Technologies Georgia Limited and Bitmain Development Limited (together, “Bitmain”), a leading manufacturer of digital currency mining servers. The Company announced the Cash-Settled Transaction on November 6, 2024, together with its proposed acquisition of on-rack crypto mining machines with an aggregate hashrate of 18 EH from Golden TechGen Limited and certain other sellers for a total purchase price of approximately US$144 million, which will be paid through issuance of shares to the sellers by the Company (the “Share-Settled Transactions” and together with the Cash-Settled Transaction, the “Proposed Transactions”). The Cash-Settled Transaction was consummated after the relevant closing conditions are satisfied. Based on further due diligence with the sellers, the Company and the sellers have concluded that no related sellers will sell U.S. assets with an aggregate value of US$119.5 million or more to the Company in the Proposed Transactions, and therefore the anti-trust filing and clearance in the U.S. is not required for the Proposed Transactions and the relevant closing condition is deemed to have been satisfied. As such, the Company and Bitmain closed the Cash-Settled Transaction through assignment to the Company of all hash computing power of the mining machines to be delivered in the Cash-Settled Transaction, and transfer of these machines’ ownership to the Company is expected to occur at a later stage as agreed by the parties. The closing of the Share-Settled Transactions is subject to certain closing conditions that are yet to be satisfied or waived and the Company is working with the relevant parties towards the closing of the Share-Settled Transactions. About Cango Inc. Cango Inc. (NYSE: CANG) is a leading automotive transaction service platform in China, connecting car buyers, dealers, financial institutions, and other industry participants. Founded in 2010 by a group of pioneers in China’s automotive finance industry, the Company is headquartered in Shanghai and has a nationwide network. Leveraging its competitive advantages in technological innovation and big data, Cango has established an automotive supply chain ecosystem, and developed a matrix of products centering on customer needs for auto transactions, auto financing and after-market services. By working with platform participants, Cango endeavors to make car purchases simple and enjoyable, and make itself customers’ car purchase service platform of choice. For more information, please visit: <a href="https://www.cangoonline.com" rel="nofollow noopener" target="_blank">www.cangoonline.com</a><a href="http://www.cangoonline.com./" rel="nofollow noopener" target="_blank">.</a> Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the “Business Outlook” section and quotations from management in this announcement, contain forward-looking statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; Cango’s expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact Yihe Liu Cango Inc. Tel: +86 21 3183 5088 ext.5581 Email: <a href="mailto:ir@cangoonline.com" rel="nofollow noopener" target="_blank">ir@cangoonline.com</a> Helen Wu Piacente Financial Communications Tel: +86 10 6508 0677 Email: <a href="mailto:ir@cangoonline.com" rel="nofollow noopener" target="_blank">ir@cangoonline.com</a> <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=CN58056&sd=2024-11-15" title="Cision" width="12"></img> View original content:<a href="https://www.prnewswire.com/news-releases/cango-inc-completes-cash-settled-acquisitions-of-crypto-mining-assets-302306894.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/cango-inc-completes-cash-settled-acquisitions-of-crypto-mining-assets-302306894.html</a> SOURCE Cango Inc. <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=CN58056&Transmission_Id=202411150700PR_NEWS_USPR_____CN58056&DateId=20241115" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ zoomteam <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
Bitcoin Price Projection: Could $100K Become Reality This November?

Fri, 15 Nov 2024 19:37:42 -0000

Bitcoin (BTC) is on the brink of a historic milestone, with market analysts projecting that its price could surpass $100,000 before the end of November. The cryptocurrency recently reached a record high of $90,000, bolstered by improving market sentiment and a pro-crypto policy environment expected under President-elect Donald Trump. Record-Breaking Month for Bitcoin Historically, November … Continue reading "Bitcoin Price Projection: Could $100K Become Reality This November?"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/07/SL_0212121_40670_20-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/07/SL_0212121_40670_20-1.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/SL_0212121_40670_20-1-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/SL_0212121_40670_20-1-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>Bitcoin (BTC) is on the brink of a historic milestone, with market analysts projecting that its price could surpass $100,000 before the end of November. The cryptocurrency recently reached a record high of $90,000, bolstered by improving market sentiment and a pro-crypto policy environment expected under <a href="https://cryptocurrencynews.com/market-news/trumps-win-sparks-record-bitcoin-rally-in-crypto/">President-elect Donald Trump</a>. <h2>Record-Breaking Month for Bitcoin</h2> Historically, November has been Bitcoin’s strongest month in terms of price performance, and 2024 appears to be no exception. Bitcoin’s price surged to $90,000 on Nov. 13, marking a 100% year-to-date rally. According to Ryan Lee, chief analyst at Bitget Research, this bullish trend is driven by growing investor demand and historical chart patterns. “If history repeats itself, a 14.7% increase from the current price level will push Bitcoin beyond the $100,000 mark,” said Lee. This optimism is supported by increasing confidence in the cryptocurrency’s role as a hedge against traditional financial uncertainties. <h2>Trump’s Crypto-Friendly Policies</h2> Adding to the momentum, President-elect Trump is reportedly considering a crypto-friendly candidate for chairing the Commodity Futures Trading Commission (CFTC). Summer Mersinger, a current CFTC commissioner known for advocating a pro-crypto approach, is among those being considered. The CFTC is a key regulator of cryptocurrency markets in the U.S., and Mersinger’s potential appointment could create a more favorable environment for digital assets. Trump’s support for crypto innovation and his administration’s potential policies may encourage broader adoption of cryptocurrencies like Bitcoin. <h2>Institutional Adoption Drives Market Confidence</h2> Bitcoin’s rally is further supported by the growing interest of institutional investors. According to a report by Swiss crypto bank Sygnum, a significant number of institutions plan to increase their long-term allocations to cryptocurrencies. The approval and launch of U.S. Bitcoin Spot ETFs have been pivotal in driving institutional adoption. Martin Burgherr, Sygnum’s chief clients officer, noted that clearer global regulations and the availability of ETFs are fueling positive sentiment among major investors. “Bitcoin is no longer just a speculative asset,” said Burgherr. “It is increasingly being recognized as a legitimate and valuable part of diversified investment portfolios.” <h2>Bitcoin’s Appeal Amid Economic Uncertainty</h2> The broader economic environment has also played a role in Bitcoin’s surge. As traditional markets face ongoing challenges, cryptocurrencies like Bitcoin are emerging as preferred “risk-on” assets for investors seeking higher returns. Bitcoin’s decentralized nature and its potential to serve as a hedge against inflation continue to attract retail and institutional investors alike. The ongoing digital transformation and increasing use cases for blockchain technology further solidify Bitcoin’s position in the global financial ecosystem. <h2>Challenges Ahead</h2> Despite the optimism, some market watchers caution against overexuberance. Bitcoin remains a highly volatile asset, and rapid price increases often lead to significant corrections. Analysts suggest that while the $100,000 target is achievable, investors should exercise caution and consider long-term strategies when entering the market. <h2>Future of Bitcoin Under Trump Administration</h2> As the Trump administration prepares to take office, the potential appointment of a crypto-friendly CFTC chair could pave the way for a more robust cryptocurrency market. Coupled with increased institutional interest and technological advancements, Bitcoin is well-positioned for continued growth. However, regulatory clarity will remain a critical factor. Market participants will closely monitor how the new administration navigates the balance between innovation and oversight in the rapidly evolving cryptocurrency landscape. <h2>Conclusion</h2> Bitcoin’s unprecedented rally to $90,000 has set the stage for what could be its most significant milestone yet: crossing the $100,000 mark. With favorable market conditions, increasing institutional adoption, and the possibility of pro-crypto policies under the Trump administration, Bitcoin’s future looks bright. For investors, Bitcoin represents a unique opportunity to participate in a transformative financial revolution. However, navigating this dynamic market requires a balanced approach, considering both its immense potential and inherent risks. As November unfolds, the world will watch closely to see if Bitcoin can achieve its long-anticipated <a href="https://www.cnbc.com/2024/11/12/bitcoin-to-top-100000-before-year-end-according-to-bettors-on-kalshi.html" target="_blank" rel="noopener">$100,000 milestone</a>, further cementing its status as a leading digital asset. Featured Image: Freepik © starline <a href="https://cryptocurrencynews.com/disclaimer" target="_blank" rel="noopener">Please See Disclaimer</a>
Dogecoin Market Trends: A Surge Following Trump-Musk Announcement

Fri, 15 Nov 2024 19:28:22 -0000

Dogecoin (DOGE), the meme cryptocurrency famously associated with Elon Musk, experienced a dramatic surge in value after President-elect Donald Trump announced the creation of a new executive department focused on government efficiency. Dubbed the “Department of Government Efficiency” (DOGE), the initiative sparked excitement not only in political circles but also in the cryptocurrency market, driving … Continue reading "Dogecoin Market Trends: A Surge Following Trump-Musk Announcement"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/08/598594-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Dogecoin" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/08/598594-1.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/08/598594-1-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/08/598594-1-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>Dogecoin (DOGE), the meme cryptocurrency famously associated with Elon Musk, experienced a dramatic surge in value after President-elect Donald Trump announced the creation of a new executive department focused on government efficiency. Dubbed the “Department of Government Efficiency” (DOGE), the initiative sparked excitement not only in political circles but also in the <a href="https://cryptocurrencynews.com/market-news/trump-crypto-rally-bitcoin-hits-new-highs-dogecoin-surges/">cryptocurrency market</a>, driving Dogecoin’s price higher. <h2>The Trump-Musk Partnership: What It Means for DOGE</h2> In a surprising announcement, Trump appointed Elon Musk and Vivek Ramaswamy to lead the DOGE initiative. Their mission? To restructure government agencies, reduce waste, and streamline operations. Musk, known for his entrepreneurial approach, called the initiative a “game-changer” and pledged to deliver measurable results by July 4, 2026. Trump’s vision for DOGE aligns with Republican goals of cutting regulation and bureaucracy. With Musk and Ramaswamy at the helm, the department promises to bring innovation and efficiency to government operations, aiming to make the U.S. government leaner and more effective. <h2>Dogecoin’s Market Reaction</h2> Dogecoin’s value skyrocketed following the announcement, trading at approximately $0.40 by Wednesday afternoon, according to CoinMarketCap. The cryptocurrency, initially created in 2013 as a parody of Bitcoin, has grown into one of the most popular and widely held digital currencies. Elon Musk’s influence on Dogecoin is well-documented. The Tesla (NASDAQ:TSLA) and SpaceX CEO has often expressed his support for the meme coin, referring to it as his favorite cryptocurrency. Musk’s active promotion of DOGE on social media platforms, including X (formerly Twitter), has consistently driven market activity. <h2>Musk’s Crypto Influence</h2> Musk’s impact on Dogecoin cannot be overstated. Following Trump’s announcement, Musk took to X to share memes and AI-generated images of Dogecoin’s Shiba Inu mascot, further fueling investor interest. Musk also hinted at plans to launch merchandise tied to both the new government department and the cryptocurrency. If these plans materialize, they could further integrate Dogecoin into mainstream commerce, enhancing its utility and market appeal. <h2>Dogecoin Market Trends: Insights and Implications</h2> The market capitalization of Dogecoin surged to nearly $58 billion after the announcement. This growth highlights the cryptocurrency’s resilience and its ability to capitalize on news-driven momentum. Dogecoin’s appeal lies in its accessibility and the strong community that supports it. While initially <a href="https://dogecoin.com/dogepedia/faq/dogecoin-is-a-joke/" target="_blank" rel="noopener">created as a joke</a>, DOGE has become a serious contender in the cryptocurrency market, often outperforming traditional coins during periods of high social media activity. Trump’s association with the cryptocurrency, even indirectly, could lend Dogecoin an unprecedented level of legitimacy. By aligning DOGE with a government initiative, the announcement may encourage new adoption and elevate the meme coin’s status as more than just a speculative asset. <h2>What’s Next for Dogecoin and DOGE?</h2> The success of Dogecoin’s recent surge depends on several factors: Sustained Promotion: Musk’s ongoing support and potential integration into the DOGE department could maintain investor interest. Broader Adoption: If DOGE-themed merchandise and government-backed initiatives emerge, Dogecoin may see increased utility and acceptance. Market Volatility: As with all cryptocurrencies, Dogecoin remains subject to rapid price fluctuations, requiring cautious optimism from investors. <h2>Conclusion</h2> Dogecoin’s latest rally underscores the cryptocurrency’s unique ability to thrive in unconventional circumstances. With Trump and Musk steering the narrative, DOGE has captured global attention, demonstrating its potential as a dynamic market force. As Dogecoin continues to gain traction, its evolution from a meme to a legitimate cryptocurrency remains one of the most intriguing stories in the digital currency space. For investors, this latest surge presents both opportunities and challenges in navigating the ever-changing landscape of cryptocurrency markets. Featured Image: Freepik <a href="https://cryptocurrencynews.com/disclaimer" target="_blank" rel="noopener">Please See Disclaimer</a>
Consensys: Infura’s Decentralized Infrastructure Network Moves to Launch as an EigenLayer AVS, After Adding Access to 12 Chains in its First Year

Fri, 15 Nov 2024 16:19:07 -0000

DIN Launches as an AVS at Devcon Bangkok 2024 50+ partners offering connectivity to 12+ networks are already handling 100 million requests daily New din.build website and DIN whitepaper now available FORT WORTH, Texas, Nov. 14, 2024 /PRNewswire/ — A year after announcing its initial list of providers building the public infrastructure for an improved … Continue reading "Consensys: Infura’s Decentralized Infrastructure Network Moves to Launch as an EigenLayer AVS, After Adding Access to 12 Chains in its First Year"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/f9d0888c222a7a6cd195c9b2ebe9facc.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/f9d0888c222a7a6cd195c9b2ebe9facc.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/f9d0888c222a7a6cd195c9b2ebe9facc-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/f9d0888c222a7a6cd195c9b2ebe9facc-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/f9d0888c222a7a6cd195c9b2ebe9facc-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure><ul type="disc"> <li>DIN Launches as an AVS at Devcon Bangkok 2024</li> <li>50+ partners offering connectivity to 12+ networks are already handling 100 million requests daily</li> <li>New din.build website and DIN whitepaper now available</li> </ul> FORT WORTH, Texas, Nov. 14, 2024 /PRNewswire/ — A year after announcing its initial list of providers building the public infrastructure for an improved internet, <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fd0e31455.streaklinks.com%2FCMnh7BN5eflPWRC3vQT26Ei2%2Fhttps%253A%252F%252Fconsensys.io%252F&data=05%7C02%7Calex.heath%40cision.com%7C0d3efd3a06bf43a6472b08dd04ab04de%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C638671854779280913%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=MRwoJkMTWQRTT9yTi6rfnZ31ZIY0hrC9rj3SbduCnO0%3D&reserved=0" rel="nofollow noopener" target="_blank">Consensys</a> and <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fd0e31455.streaklinks.com%2FCMnh7BVGBlpCMdsZYAbRNJe1%2Fhttps%253A%252F%252Fwww.infura.io%252F&data=05%7C02%7Calex.heath%40cision.com%7C0d3efd3a06bf43a6472b08dd04ab04de%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C638671854779305002%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=2EqX5klJuUqfk1%2BaU%2Br5PWRREX3OQB7yHDJjbUe%2Bz4M%3D&reserved=0" rel="nofollow noopener" target="_blank">Infura’s</a> <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fd0e31455.streaklinks.com%2FCMnh7BNQUEvA5zkSPQur92M1%2Fhttps%253A%252F%252Fwww.infura.io%252Fsolutions%252Fdecentralized-infrastructure-service&data=05%7C02%7Calex.heath%40cision.com%7C0d3efd3a06bf43a6472b08dd04ab04de%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C638671854779319879%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=nIrzSaHjnbr2fBq5hKT9vHWUv%2BL1YmHzp20qMQJmYzw%3D&reserved=0" rel="nofollow noopener" target="_blank">Decentralized Infrastructure Network</a> (DIN) is now handling requests across a dozen blockchain networks. Today at the 2024 Devcon conference in Bangkok, DIN unveiled its plan to also launch as an EigenLayer AVS, marking a new chapter for connectivity and broader access to web3 across multiple blockchain networks. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <a href="https://mma.prnewswire.com/media/2558132/5027684/Consensys_Logo.html" rel="nofollow noopener" target="_blank"> <img decoding="async" alt="Consensys Logo (PRNewsfoto/Consensys)" src="https://mma.prnewswire.com/media/2558132/5027684/Consensys_Logo.jpg" title="Consensys Logo (PRNewsfoto/Consensys)"></img> </a> </div> DIN is a decentralized web3 API marketplace making web3 more accessible, reliable and efficient while providing a powerful new way for developers to connect to Ethereum and other top-tier blockchains. In 2024, new networks that have been decentralized by DIN include Blast L2, Mantle, Starknet, ZKsync, BNB Smart Chain (BSC), opBNB, and Scroll, providing developers new opportunities to build and scale their applications with significant infrastructure support. Launching DIN as an AVS through EigenLayer will allow web3 builders and operators to tap into the security guarantee of staked ETH and the intersubjective nature of EIGEN to run a wide array of services. By harnessing the power of restaking and supporting infrastructure, DIN can further expand its decentralized infrastructure offerings to foster a more robust and resilient Ethereum ecosystem. Less than a year after launching in its initial federated phase, over 40 of the 50 providers in DIN have been tested and over a quarter are serving traffic. This progress reflects the pioneering network’s progressive shift towards decentralization and its expansion into a permissionless marketplace and service discovery layer for web3, simplifying the launch of new services across additional web3 gateways. “This is an important step in DIN building on-chain,” said Tom Hay, head of product for Infura DIN. “By leaning on Ethereum‘s economic security through EigenLayer, we continue to build on DIN’s steady progress creating a web3 permissionless marketplace for infrastructure services.” DIN’s progress is a significant milestone in Consensys and Infura’s ongoing efforts to foster decentralized internet infrastructure. “Consensys has been a pioneer in building crypto user experiences, dev tooling and infrastructure, and has played an instrumental role in growing Ethereum,” says Sreeram Kannan, founder of EigenLayer. “We are delighted that Consensys and Infura are joining the EigenLayer ecosystem to enable Decentralized Infrastructure Network (DIN), the leading web3 rpc marketplace, to leverage Ethereum‘s economic security using EigenLayer. Building DIN as an EigenLayer AVS enables permissionless infrastructure provision, thus scaling the marketplace while simultaneously increasing reliability and reducing costs – another step forward in our mission of driving open innovation” Why DIN Matters The cooperative and competitive dynamics among DIN Providers drive down development costs and improve access to decentralized Web3 gateways. Taking a decentralized approach offers developers greater connectivity to emerging blockchain networks at a lower cost with increased reliability. DIN allows web3 gateway providers to simultaneously compete and cooperate, which means ultimately everyone wins, including users. DIN providers collaborate on key components like router, node infrastructure kits, and payments, scaling decentralized RPC solutions for builders. Simultaneously, DIN provides a vital new solution for emerging blockchain networks looking to scale. To learn more or plug in to DIN right away, read the new DIN whitepaper at <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.infura.io%2Fsolutions%2Fdecentralized-infrastructure-service&data=05%7C02%7Calex.heath%40cision.com%7C0d3efd3a06bf43a6472b08dd04ab04de%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C638671854779337682%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=i3Nj4MggHgr4GZt2kh%2FqbAujKy5jW935gbLWaTCfl3A%3D&reserved=0" rel="nofollow noopener" target="_blank">din.build</a>. About Consensys <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fd0e31455.streaklinks.com%2FCMnh7BRycqzk5HxUuAi8GEIs%2Fhttps%253A%252F%252Fconsensys.net%252F&data=05%7C02%7Calex.heath%40cision.com%7C0d3efd3a06bf43a6472b08dd04ab04de%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C638671854779351973%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=7PRZL0r8Hp3zpJyOkcRWK5%2FrcGmcIK9Aj5euORXEV3o%3D&reserved=0" rel="nofollow noopener" target="_blank">Consensys</a> is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fd0e31455.streaklinks.com%2FCMnh7BRmZomFFQimHA8IOraU%2Fhttps%253A%252F%252Fmetamask.io%252F%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website&data=05%7C02%7Calex.heath%40cision.com%7C0d3efd3a06bf43a6472b08dd04ab04de%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C638671854779365376%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=W8GeP5iPwzhJtH8R1Hc3BZ4%2FTiNG4Uoui%2BIa4CM9v9I%3D&reserved=0" rel="nofollow noopener" target="_blank">MetaMask platform</a>, <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fd0e31455.streaklinks.com%2FCMnh7BRvr5nY-W5p_wJIqZiE%2Fhttps%253A%252F%252Finfura.io%252F%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%2526__hstc%253D148571112.a231d19721fb2188de6b01c8fed208f7.1628613675833.1648500873320.1648546025058.320%2526__hssc%253D148571112.4.1648546025058%2526__hsfp%253D2548326787%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website%253Futm_source%253Dconsensys%2526utm_medium%253Dreferral%2526utm_campaign%253Dconsensys_website&data=05%7C02%7Calex.heath%40cision.com%7C0d3efd3a06bf43a6472b08dd04ab04de%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C638671854779379488%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=pDyAzW%2BPpkIEdVqALLgHIxTB1h39RIHQ%2FMtH33YNh3E%3D&reserved=0" rel="nofollow noopener" target="_blank">Infura</a>, <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fd0e31455.streaklinks.com%2FCMnh7BN7O8WKrY-Y8g2YDvSI%2Fhttps%253A%252F%252Flinea.build%252F&data=05%7C02%7Calex.heath%40cision.com%7C0d3efd3a06bf43a6472b08dd04ab04de%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C638671854779393880%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=LJ5OnCz3KUFKFp5Qmb9MdZ%2BGwLFIE5efOiKv6Ez29Tc%3D&reserved=0" rel="nofollow noopener" target="_blank">Linea</a>, <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fd0e31455.streaklinks.com%2FCMnh7BNh4XCebxtEzwANToKf%2Fhttps%253A%252F%252Fdiligence.consensys.net%252F&data=05%7C02%7Calex.heath%40cision.com%7C0d3efd3a06bf43a6472b08dd04ab04de%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C638671854779407099%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=emZjnE0glmFXq4FENhErc2qDyYxFlsMmOJfDnHP%2FTB4%3D&reserved=0" rel="nofollow noopener" target="_blank">Diligence</a>, and <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fd0e31455.streaklinks.com%2FCMnh7BRAAEDhrw_z8Q9gRHH0%2Fhttps%253A%252F%252Fwww.phosphor.xyz%252F&data=05%7C02%7Calex.heath%40cision.com%7C0d3efd3a06bf43a6472b08dd04ab04de%7C887bf9ee3c824b88bcb280d5e169b99b%7C1%7C0%7C638671854779420168%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=U2rPMNQDi%2FtrlZRQrMn3%2BW73KxtbhbBVRmLOM79Aibo%3D&reserved=0" rel="nofollow noopener" target="_blank">our NFT toolkit Phosphor,</a> we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit <a href="https://consensys.io/" rel="nofollow noopener" target="_blank">https://consensys.io/</a>. Logo – <a href="https://mma.prnewswire.com/media/2558132/5027684/Consensys_Logo.jpg" rel="nofollow noopener" target="_blank">https://mma.prnewswire.com/media/2558132/5027684/Consensys_Logo.jpg</a> <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=LN57169&sd=2024-11-14" title="Cision" width="12"></img> View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/consensys-infuras-decentralized-infrastructure-network-moves-to-launch-as-an-eigenlayer-avs-after-adding-access-to-12-chains-in-its-first-year-302305851.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/consensys-infuras-decentralized-infrastructure-network-moves-to-launch-as-an-eigenlayer-avs-after-adding-access-to-12-chains-in-its-first-year-302305851.html</a> SOURCE Consensys <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=LN57169&Transmission_Id=202411140936PR_NEWS_USPR_____LN57169&DateId=20241114" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ dimarik <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
Best Crypto to Buy Now: Top Picks for High ROI Potential

Thu, 14 Nov 2024 21:14:31 -0000

As we progress through November 2024, the cryptocurrency market presents an exciting opportunity for investors to maximize returns. Among the top cryptocurrencies to consider are Qubetics, Bitcoin (BTC), and Ethereum (ETH), each offering distinct advantages and high potential for return on investment (ROI). Here’s why these three assets are the best crypto to buy now. … Continue reading "Best Crypto to Buy Now: Top Picks for High ROI Potential"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/07/gold-bitcoin-sign-symbol-icon-bursting-through-background-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange tokens" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/07/gold-bitcoin-sign-symbol-icon-bursting-through-background-1.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/gold-bitcoin-sign-symbol-icon-bursting-through-background-1-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/gold-bitcoin-sign-symbol-icon-bursting-through-background-1-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>As we progress through November 2024, the cryptocurrency market presents an exciting opportunity for investors to maximize returns. Among the top cryptocurrencies to consider are <a href="https://www.qubetics.com/" target="_blank" rel="noopener">Qubetics</a>, Bitcoin (BTC), and Ethereum (ETH), each offering distinct advantages and high potential for return on investment (ROI). Here’s why these three assets are the best crypto to buy now. <h2>Qubetics: Transforming Ownership with Tokenized Assets</h2> Qubetics is revolutionizing the digital asset landscape with its tokenized assets marketplace, allowing seamless conversion of physical and digital assets into tradeable tokens. This process, known as fractional ownership, democratizes investments in assets like real estate, commodities, and intellectual property, which have traditionally required significant capital. Through Qubetics, investors can diversify portfolios by gaining access to asset classes previously beyond their reach. The marketplace’s core strength is its ability to address issues that affect traditional markets—such as limited liquidity and transparency. By offering a secondary market for these assets, Qubetics enables investors to buy, sell, and manage their holdings with ease, resulting in faster value appreciation. As a high-growth platform, Qubetics positions itself as a promising investment for those looking to capitalize on the early stages of tokenized asset trading. <h2>Qubetics Investment Potential</h2> Currently, Qubetics offers $TICS tokens at a presale price of $0.0212, creating a unique investment opportunity. For instance, a $1,000 investment at this stage would yield approximately 47,169 $TICS tokens. Should the token reach $10, the initial investment would appreciate to $471,000, representing a potential 47,069% ROI. With this level of growth potential, Qubetics is emerging as one of the best crypto to buy now. <h2>Bitcoin: High Demand and 2024 Halving Impact</h2> As the pioneering cryptocurrency, Bitcoin (BTC) remains a dominant player in the market, especially given the recent 2024 halving that reduced block rewards from 6.25 BTC to 3.125 BTC. This reduction in new Bitcoin supply has intensified demand, driving prices upward. Investors anticipate that the halving’s impact on supply could lead to further appreciation, as was seen following previous halvings. Institutional interest has also surged with the introduction of Bitcoin exchange-traded funds (ETFs). On November 11, U.S. Bitcoin ETFs recorded an inflow of 13,940 BTC in a single day, significantly higher than the 450 BTC mined daily. This demand signals Bitcoin’s increasing role as a mainstream asset, with institutions seeking to lock in their share of a limited supply. The resulting supply shock is a strong indicator of potential price growth, making <a href="https://cryptocurrencynews.com/investing-news/bitcoin-surges-amid-crypto-stock-rally/">Bitcoin</a> one of the top choices for investors looking to capitalize on high-growth crypto assets. <h2>Ethereum: Whale Accumulation and Institutional Inflows</h2> Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has gained significant traction, especially with the recent influx of institutional interest and high whale activity. Ethereum’s price recently tested a key resistance level of $3,200, spurred by substantial volume accumulation. Whale activity has increased, with investors buying significant amounts of ETH, creating upward pressure on the asset’s price. Notably, Ethereum ETFs saw their highest-ever inflows, totaling $154.7 million. Technical indicators, such as the On-Balance Volume (OBV) and Relative Strength Index (RSI), reveal strong accumulation by large investors, supporting a bullish outlook. Although the RSI indicates overbought conditions, suggesting a potential pullback, the positive sentiment and increased adoption in the decentralized finance (DeFi) space give Ethereum strong upward momentum. <h2>Conclusion: Best Crypto to Buy Now – Qubetics, Bitcoin, and Ethereum</h2> In November 2024, Qubetics, Bitcoin, and Ethereum stand out as the best cryptocurrencies to buy. Each offers unique benefits and high ROI potential. Qubetics leads the way with its innovative approach to fractional ownership through tokenized assets, making previously exclusive investments accessible to a broader audience. Bitcoin remains a strong investment choice due to its scarcity and demand dynamics, particularly following the halving event. Lastly, Ethereum shows promising growth, supported by whale accumulation and strong adoption in DeFi applications. Whether you’re interested in the high-growth potential of Qubetics, the supply-driven price increases of Bitcoin, or Ethereum’s leading role in DeFi, these cryptocurrencies offer a diverse strategy for those looking to maximize their returns in the crypto market. Each asset represents a unique opportunity for investors to gain exposure to the rapidly evolving world of digital assets, making them the best crypto to buy now for a balanced portfolio with high ROI potential. Featured Image: Freepik © ruslan_ivantsov <a href="https://cryptocurrencynews.com/disclaimer" target="_blank" rel="noopener">Please See Disclaimer</a>
Global Crypto Market Surges to $3 Trillion Milestone

Thu, 14 Nov 2024 21:02:09 -0000

The global crypto market has reached a record-breaking $3 trillion in total value, buoyed by optimism over regulatory changes and significant gains in major tokens. This surge comes amid pro-crypto sentiment surrounding the recent election of Donald Trump, who, along with other pro-crypto lawmakers, could usher in friendlier U.S. regulations for digital assets. According to … Continue reading "Global Crypto Market Surges to $3 Trillion Milestone"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/03/Crypto-Markets.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Crypto Market" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/03/Crypto-Markets.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/03/Crypto-Markets-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/03/Crypto-Markets-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>The global crypto market has reached a record-breaking $3 trillion in total value, buoyed by optimism over regulatory changes and significant gains in major tokens. This surge comes amid pro-crypto sentiment surrounding the recent election of Donald Trump, who, along with other pro-crypto lawmakers, could usher in friendlier U.S. regulations for digital assets. According to CoinGecko, the market hit a peak of nearly $3.2 trillion on November 14, surpassing the highs seen during the pandemic-driven speculative boom in 2021. The milestone also reflects renewed interest and investments in the crypto market, which had seen a prolonged downturn in recent months. <h2>Bitcoin’s Record-Setting Rally Drives Market Growth</h2> Bitcoin (BTC), which remains the largest player in the crypto market, has led the recent rally, climbing to a record price of $93,480 before stabilizing around $91,500. The cryptocurrency has doubled in value this year, gaining nearly 30% since the U.S. election on November 5, driven by enthusiasm around potential regulatory shifts in the U.S. “Generally, the way this market goes is bitcoin will break out first, and then the altcoins follow,” said Matthew Dibb, chief investment officer at Astronaut Capital. This pattern has led to rising prices for other major tokens, such as Ether (ETH), which surged to $3,220, and Dogecoin (DOGE), which saw a remarkable 140% increase. <h2>Pro-Crypto Policies and Potential U.S. Bitcoin Reserve</h2> The Trump administration’s stance on cryptocurrency, along with an influx of pro-crypto lawmakers in Congress, has fueled optimism about reduced regulatory hurdles in the crypto sector. This favorable regulatory environment is seen as a significant driver of the recent market gains, as it could potentially clear the path for broader adoption of cryptocurrencies. Adding to the excitement, Trump has hinted at establishing a “strategic bitcoin reserve” in the U.S., similar to the gold reserves held by the government. Although details remain unclear, this proposal suggests a long-term commitment to Bitcoin, aligning it with traditional stores of value like gold. David Glass, a digital assets strategist at Citi, commented, “The story of removing regulatory headwinds, coupled with the potential for a strategic bitcoin reserve, is boosting investor confidence.” <h2>Institutional Investors Eye Crypto ETFs</h2> The surge in the global crypto market has also been fueled by institutional interest, with a rise in crypto exchange-traded funds (ETFs) that offer an indirect route for institutions to gain exposure to Bitcoin and other digital assets. According to Refinitiv Lipper, spot Bitcoin ETFs have attracted $4.05 billion in net inflows since November 6, a notable indicator of demand from financial institutions that typically avoid direct crypto holdings. Carl Szantyr, managing partner at Blockstone Capital, remains optimistic, stating, “Bitcoin enthusiasts are known for bold predictions, but hitting $100,000 by year-end seems feasible given the current momentum.” <h2>Continued Caution Amid Market Growth</h2> Despite the positive outlook, the crypto market still faces challenges. While Bitcoin’s market value continues to climb, the ecosystem remains volatile, with sectors like non-fungible tokens (NFTs) yet to recover fully. The average sales price for NFTs has only increased slightly, from around $2,000 to $2,700, highlighting limited growth in these more speculative corners of the market. Singapore’s DBS Bank, which operates a digital exchange, has reported a surge in trading volume but noted that clients are not yet moving toward more decentralized exchanges or exotic platforms. David Hui, chief commercial officer of DBS Digital Exchange, explained, “We’ve not seen our clients shift their assets toward more obscure market segments.” <h2>Broader Implications for DeFi and Blockchain Adoption</h2> Industry experts believe that the heightened interest in the crypto market could drive further innovation in decentralized finance (DeFi) and blockchain-based services. Danny Chong, co-founder of the DeFi platform Tranchess, noted, “There’s increased interest and willingness to look at DeFi and other blockchain possibilities. If the market cap stays high, we could see deeper engagement in new and existing blockchain themes.” The $3 trillion milestone could also stimulate interest in tokenizing real-world assets and expanding blockchain-based payment solutions, marking a shift towards a more integrated financial ecosystem powered by decentralized technology. <h2>Future Prospects for the Global Crypto Market</h2> As the global crypto market reaches new heights, investors and institutions alike are paying close attention to emerging trends. While the market remains volatile, the pro-crypto political landscape and continued interest in digital assets from both retail and institutional investors suggest a promising future. With Bitcoin leading the charge and institutional support through ETFs growing, the <a href="https://cryptocurrencynews.com/market-news/crypto-market-maturity-reaches-new-heights-in-2024-insights-from-coinbase/">cryptocurrency market</a> could continue its upward trajectory, paving the way for new possibilities in DeFi and blockchain innovation. Featured Image: Freepik <a href="https://cryptocurrencynews.com/disclaimer">Please See Disclaimer</a>
BTC Digital Ltd. Announces Signing of Bitcoin Miner Equipment Hosting Agreement

Thu, 14 Nov 2024 16:19:08 -0000

SHENZHEN, China, Nov. 13, 2024 /PRNewswire/ — Blockchain technology company BTC Digital Ltd. ( “BTC Digital” or “the Company”) (NASDAQ: BTCT) today announced that the company has signed a Bitcoin miner equipment hosting agreement with Recte Technologies Company Limited, a digital asset management advisory company in Asia, and ASIA INVESTMENT FUND SP2, a cryptocurrency mining fund … Continue reading "BTC Digital Ltd. Announces Signing of Bitcoin Miner Equipment Hosting Agreement"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/7fb27cc91b67e1a995c8e704698e5ff6.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/7fb27cc91b67e1a995c8e704698e5ff6.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/7fb27cc91b67e1a995c8e704698e5ff6-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/7fb27cc91b67e1a995c8e704698e5ff6-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/7fb27cc91b67e1a995c8e704698e5ff6-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>SHENZHEN, China, Nov. 13, 2024 /PRNewswire/ — Blockchain technology company BTC Digital Ltd. ( “BTC Digital” or “the Company”) (NASDAQ: BTCT) today announced that the company has signed a Bitcoin miner equipment hosting agreement with Recte Technologies Company Limited, a digital asset management advisory company in Asia, and ASIA INVESTMENT FUND SP2, a cryptocurrency mining fund in Asia, with plans to provide hosting services for their 1,100 Bitcoin mining machines (the “Hosting Agreements”). BTC Digital entered into the Hosting Agreements with the two significant clients on November 13, 2024 to manage 1,100 Bitcoin mining machines, including ANTMINER T21 and ANTMINER L7 models. BTC Digital will oversee the deployment of these devices in the United States, providing hosting, management, and other services. The Hosting Agreements mark further growth and influence for BTC Digital in the cryptocurrency mining industry. The Company believes that its expertise in equipment hosting, management, and operations, combined with its deep understanding of the cryptocurrency market, led the two clients to choose BTC Digital’s services. Both clients also indicated plans for large-scale purchases of Bitcoin mining machines in the future, intending to entrust BTC Digital with further hosting and management, which may lead to a long-term stable partnership. “We are thrilled to sign hosting agreements with these two important clients and provide hosting, management, and technical services for their 1,100 Bitcoin miners in the United States. Our goal is to offer efficient and reliable hosting, management, and technical services, and we hope the hosting agreements will provide an opportunity to accelerate our development in the cryptocurrency mining sector,” said the Company’s Chief Executive Officer, Alan Peng. About BTC Digital Ltd. BTC Digital Ltd. is a blockchain technology company, with a long-term strategy to create value across the metaverse, blockchain and cryptocurrency mining industry. The Company is committed to developing blockchain related businesses in North America, including cryptocurrency mining, mining farm construction, mining pool and data center operation, and miner accessories business. For more information, please visit: <a href="https://btct.investorroom.com/" rel="nofollow noopener" target="_blank">https://btct.investorroom.com/</a> Safe Harbor Statement This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may”, “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law. <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=CN55678&sd=2024-11-13" title="Cision" width="12"></img> View original content:<a href="https://www.prnewswire.com/news-releases/btc-digital-ltd-announces-signing-of-bitcoin-miner-equipment-hosting-agreement-302304193.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/btc-digital-ltd-announces-signing-of-bitcoin-miner-equipment-hosting-agreement-302304193.html</a> SOURCE BTC Digital Ltd. <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=CN55678&Transmission_Id=202411130900PR_NEWS_USPR_____CN55678&DateId=20241113" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ hello <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
Bitcoin Miners Earnings: Mixed Results as Bitcoin Hits Record Highs

Wed, 13 Nov 2024 19:12:43 -0000

The latest earnings season saw Bitcoin miners releasing mixed results amid a postelection Bitcoin rally. As Bitcoin (BTC) reached a record high of $89,995 on Monday, the cryptocurrency’s rapid ascent continued to fuel activity in the mining sector. Leading miners, including Hut 8 (NASDAQ:HUT), HIVE Digital (NASDAQ:HIVE), and MARA Holdings (NASDAQ:MARA), delivered quarterly results with … Continue reading "Bitcoin Miners Earnings: Mixed Results as Bitcoin Hits Record Highs"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/07/SL_0212121_40670_20-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Bitcoin" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/07/SL_0212121_40670_20-1.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/SL_0212121_40670_20-1-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/SL_0212121_40670_20-1-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>The latest earnings season saw Bitcoin miners releasing mixed results amid a postelection Bitcoin rally. As Bitcoin (BTC) reached a record high of $89,995 on Monday, the cryptocurrency’s rapid ascent continued to fuel activity in the mining sector. Leading miners, including Hut 8 (NASDAQ:HUT), HIVE Digital (NASDAQ:HIVE), and MARA Holdings (NASDAQ:MARA), delivered quarterly results with varied financial outcomes. Despite Bitcoin’s robust year-to-date gain of 112%, the quarterly reports indicate different growth strategies and financial performance among these industry players. <h2>Hut 8: Expanding with AI Integration</h2> Hut 8 <a href="https://www.globenewswire.com/news-release/2024/11/13/2980058/0/en/Hut-8-Reports-Third-Quarter-2024-Results.html" target="_blank" rel="noopener">posted</a> a significant earnings improvement, with EPS of 1 cent compared to last year’s loss of 10 cents. The miner reported a 101% increase in revenue to $43.74 million, well above FactSet’s projected revenue of $34.6 million. In total, Hut 8 mined 234 Bitcoin during the quarter, generating an average revenue per Bitcoin of $61,025 against a mining cost of $31,482. Hut 8 is also expanding into artificial intelligence (AI) services, introducing a GPU-as-a-Service business through its subsidiary, Highrise AI. The miner has entered into a five-year partnership with an AI cloud services provider, securing fixed infrastructure payments and a revenue-sharing agreement. CEO Asher Genoot shared that three of the company’s large-scale AI data center projects, with a combined capacity of over 430 megawatts, are scheduled to launch by 2025. Further, Hut 8 is upgrading its ASIC Bitcoin mining equipment to improve mining efficiency by 37%, with updates expected to be completed in the first half of 2025. This investment in both AI and hardware upgrades reflects Hut 8’s commitment to diversification and technological advancement. The strong earnings and growth potential saw HUT stock rise 6.2% early Wednesday, contributing to its year-to-date gain of nearly 79%. <h2>HIVE Digital: High-Performance Computing Boosts Revenue</h2> HIVE Digital reported a narrower-than-expected quarterly loss of 6 cents per share, outperforming analyst estimates of a 9 cent loss. Despite this improvement, revenue fell slightly by 0.5% to $22.65 million, falling short of FactSet’s $25 million estimate. Revenue from digital currency mining declined by 7.8% to $20.77 million, while revenue from high-performance computing surged to $1.88 million from $253,000 a year prior. HIVE Digital mined 340 Bitcoin during the quarter and closed with a reserve of 2,604 Bitcoin, valued at $165.2 million. This revenue diversification, with a focus on high-performance computing, suggests HIVE Digital’s strategy to navigate the volatile crypto market. HIVE stock saw a slight increase on Wednesday, bringing its year-to-date gain to nearly 16%, with a 12% jump earlier in the week following Bitcoin’s record high. <h2>MARA Holdings: Production Increases, Earnings Miss</h2> MARA Holdings reported a challenging quarter, with a loss of 42 cents per share, widening from a 34-cent loss last year and missing estimates for a loss of 26 cents. Revenue rose by 35% to $131.6 million but did not meet expectations of $140.3 million. MARA mined 2,070 Bitcoin during the quarter and acquired an additional 6,210 Bitcoin. The company made this acquisition using proceeds from a $300 million convertible note offering at an average purchase price of $59,500 per Bitcoin. MARA now holds a total of 26,747 Bitcoin, a substantial reserve that reflects the miner’s long-term belief in Bitcoin’s value appreciation. The company’s mining fleet grew by 7%, totaling 268,000 active miners. MARA did not sell any Bitcoin during the quarter, reinforcing its accumulation strategy. MARA stock initially dropped 4% in premarket trading on Wednesday but recovered later, driven by Bitcoin’s overall market gains. The stock is up 7.4% year-to-date. <h2>Bitcoin Miners Look Ahead as Bitcoin Rallies</h2> The earnings season highlighted various strategies and challenges for major Bitcoin miners. Hut 8’s diversified growth into AI, HIVE Digital’s focus on high-performance computing, and MARA’s aggressive Bitcoin accumulation all reflect unique approaches to capitalizing on the Bitcoin rally. As Bitcoin miners navigate fluctuating prices and increasing operational costs, these quarterly results emphasize the importance of strategic adaptation. With Bitcoin hitting record highs and growing interest in blockchain technologies, the future appears promising for those equipped to innovate and scale. The current <a href="https://cryptocurrencynews.com/investing-news/bitcoin-surges-before-elections/">postelection Bitcoin rally</a> is driving market interest, yet the long-term performance of Bitcoin miners will hinge on efficient operations and continued adoption of crypto and blockchain technology. Featured Image: Freepik © starline <a href="https://cryptocurrencynews.com/disclaimer" target="_blank" rel="noopener">Please See Disclaimer</a>
Trump Crypto Rally: Bitcoin Hits New Highs, Dogecoin Surges

Wed, 13 Nov 2024 18:58:52 -0000

The cryptocurrency market experienced a remarkable surge as Bitcoin (BTC) soared to a fresh all-time high, surpassing $93,000 amid a “Trump crypto rally.” This rally has been fueled by the renewed optimism in the crypto community following Donald Trump’s recent election victory. Alongside Bitcoin, Dogecoin (DOGE), the popular meme coin often associated with tech entrepreneur … Continue reading "Trump Crypto Rally: Bitcoin Hits New Highs, Dogecoin Surges"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/07/152702-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="trump" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/07/152702-1.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/152702-1-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/152702-1-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>The cryptocurrency market experienced a remarkable surge as Bitcoin (BTC) soared to a fresh all-time high, surpassing $93,000 amid a “Trump crypto rally.” This rally has been fueled by the renewed optimism in the crypto community following Donald Trump’s recent election victory. Alongside Bitcoin, Dogecoin (DOGE), the popular meme coin often associated with tech entrepreneur Elon Musk, has seen its value skyrocket, gaining over 150% since election day. This extraordinary momentum suggests a promising yet unpredictable future for the digital currency landscape. <h2>Bitcoin Reaches New Heights Amid Trump Crypto Rally</h2> Bitcoin’s unprecedented rise past $93,000 marks an all-time high, driven by investor confidence that Trump’s presidency could usher in a more <a href="https://www.investopedia.com/cryptocurrency-regulations-around-the-world-5202122" target="_blank" rel="noopener">crypto-friendly regulatory environment</a>. Since Trump’s victory, Bitcoin’s value has surged by over a third, reflecting the widespread anticipation of favorable policies and relaxed regulatory scrutiny for digital assets. The industry has long viewed the current administration as an obstacle, with leaders advocating for more straightforward guidelines and reduced oversight. <h2>Dogecoin Soars After Trump Taps Musk for Government Efficiency</h2> In a move that further invigorated the crypto market, Trump announced that Elon Musk and entrepreneur Vivek Ramaswamy would lead the newly formed Department of Government Efficiency (Doge). Dogecoin responded with a rapid increase in value, continuing to climb as Musk’s involvement heightened investor interest. The new advisory group, expected to bring innovative and cost-effective approaches to government operations, may also open avenues for blockchain integration within government processes, sparking even greater optimism in the crypto sector. <h2>Crypto Advocates Find Renewed Hope in Trump Administration</h2> Trump’s close ties to prominent figures in the crypto world, including Musk and Cantor Fitzgerald CEO Howard Lutnick, have been seen as promising signals for the industry. Lutnick, a key player on Trump’s transition team, has advocated for less restrictive crypto policies. His influence could bring more crypto-friendly figures into Trump’s economic advisory team, setting the stage for potential industry growth and expansion. This administration change marks a stark contrast to the previous leadership under the Biden administration, which took steps to impose greater oversight and regulations on the crypto market. Gary Gensler, former chair of the Securities and Exchange Commission (SEC), was perceived as a critic of unregulated cryptocurrency, emphasizing investor protections after high-profile cases like the FTX and Binance collapses. <h2>Crypto Community’s Role in Trump’s Victory</h2> Throughout the election, Trump received substantial support from the crypto community, with many industry leaders rallying behind his campaign to unseat regulatory hawks. High-profile crypto enthusiasts like Brad Garlinghouse, CEO of Ripple, publicly voiced support for Trump’s approach, noting, “The Biden administration’s war on crypto is coming to an end.” Such endorsements underscore the widespread belief that Trump’s victory may signal a revival for the digital asset space in the U.S. <h2>Dogecoin’s Role in Government and Musk’s Influence</h2> Trump’s appointment of Musk to lead the Department of Government Efficiency solidified Musk’s role in influencing Trump’s administration. Under this initiative, Dogecoin is expected to partner with the White House’s Office of Management and Budget, advising on efficiency measures and cost-reduction strategies within government operations. Musk, known for his commitment to transparency, plans to document the department’s actions on his social platform, X (formerly Twitter), inviting public input on government spending decisions. Musk shared his excitement on X, posting, “Anytime the public thinks we are cutting something important or not cutting something wasteful, just let us know!” His proactive approach has resonated with both the public and investors, further fueling Dogecoin’s rising valuation. <h2>Looking Ahead: Will the Trump Crypto Rally Sustain?</h2> The Trump crypto rally underscores the cryptocurrency community’s optimism for reduced regulatory pressure and increased adoption. As Trump’s administration develops, industry stakeholders are closely watching for signals that might shape the future of digital assets in the U.S. However, experts caution that market volatility remains a factor, and investor confidence may hinge on the administration’s ability to deliver on pro-crypto promises. For now, the <a href="https://cryptocurrencynews.com/market-news/trumps-win-sparks-record-bitcoin-rally-in-crypto/">Trump crypto rally</a> has provided a significant boost to digital assets like Bitcoin and Dogecoin, reigniting interest and investment. As policies and appointments continue to unfold, the crypto market’s reaction will serve as a barometer for the administration’s impact on digital currencies. With the crypto industry entering a new phase under Trump’s leadership, investors and crypto advocates alike remain hopeful for a prosperous era of growth and innovation. Featured Image: Freepik <a href="https://cryptocurrencynews.com/disclaimer" target="_blank" rel="noopener">Please See Disclaimer</a>
LEADING CRYPTO TAX SOFTWARE PROVIDER, COINLEDGER, ANNOUNCES STRATEGIC EXPANSION INTO UNITED KINGDOM

Wed, 13 Nov 2024 16:19:08 -0000

Popular cryptocurrency tax software provider has expanded its offerings to support tax reporting for UK crypto investors. AUSTIN, Nov. 12, 2024 /PRNewswire/ — CoinLedger, a leading tax reporting platform for cryptocurrency users, today announced its official expansion into the United Kingdom. Investors and cryptocurrency users in the UK can now use the platform to automate all … Continue reading "LEADING CRYPTO TAX SOFTWARE PROVIDER, COINLEDGER, ANNOUNCES STRATEGIC EXPANSION INTO UNITED KINGDOM"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/2d5bcb28934477928b8a10cac0b640a5-2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/2d5bcb28934477928b8a10cac0b640a5-2.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/2d5bcb28934477928b8a10cac0b640a5-2-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/2d5bcb28934477928b8a10cac0b640a5-2-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/2d5bcb28934477928b8a10cac0b640a5-2-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>Popular cryptocurrency tax software provider has expanded its offerings to support tax reporting for UK crypto investors. AUSTIN, Nov. 12, 2024 /PRNewswire/ — <a href="https://c212.net/c/link/?t=0&l=en&o=4300628-1&h=1271009979&u=https%3A%2F%2Fcoinledger.io%2F&a=CoinLedger" rel="nofollow noopener" target="_blank">CoinLedger</a>, a leading tax reporting platform for cryptocurrency users, today announced its official expansion into the United Kingdom. Investors and cryptocurrency users in the UK can now use the platform to automate all of their capital gains, losses, and income tax reporting in accordance with UK tax laws. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <a href="https://mma.prnewswire.com/media/1739031/CoinLedger_Logo.html" rel="nofollow noopener" target="_blank"> <img decoding="async" alt="(PRNewsfoto/CoinLedger)" src="https://mma.prnewswire.com/media/1739031/CoinLedger_Logo.jpg" title="(PRNewsfoto/CoinLedger)"></img> </a> </div> “We’re extremely excited to be expanding our full suite of tax reporting tools and offerings to help UK cryptocurrency investors stay compliant with local laws,” said David Kemmeer, Co-Founder and CEO of CoinLedger. “We’ve seen incredible demand not just here in the U.S., but from crypto consumers all over the world who need help with tax reporting. With this rollout, crypto tax compliance for the average UK resident will be as simple as a few button clicks.” The interoperable nature of cryptocurrencies and digital assets, with transfers across different blockchains, wallets, and exchanges, can create tax reporting nightmares for individuals. CoinLedger solves this problem by integrating directly with hundreds of cryptocurrency platforms to allow any user to track their digital-asset transaction history across the entire crypto-economy. By syncing their wallets to CoinLedger, UK users can now automatically import and account for their historical transactions across all of their crypto platforms. From here, they can generate the relevant local tax forms with the click of a button. HMRC, along with government agencies around the world, is quickly ramping up enforcement efforts with regards to the tax compliance for digital assets. Efforts include increased tax audits, compliance requirements for exchanges, and new intelligence units. These initiatives are expected to increase in years ahead as the digital asset industry continues to grow. About CoinLedger CoinLedger enables seamless portfolio tracking and tax reporting for participants of the digital asset economy. Founded in 2018, CoinLedger was built to reduce the friction of participating in the cryptocurrency ecosystem by making tax reporting as simple as possible. By directly integrating with major exchanges, wallets, blockchains, and NFT platforms, CoinLedger provides a unified dashboard for users to track and monitor their cryptocurrency activity. Whether you’re trading cryptocurrencies, buying and selling NFTs, or staking on DeFi protocols, CoinLedger makes tracking your portfolio and reporting your taxes more straightforward than ever. For more information on UK cryptocurrency taxes, visit <a href="https://c212.net/c/link/?t=0&l=en&o=4300628-1&h=2173005581&u=https%3A%2F%2Fcoinledger.io%2Fguides%2Fcrypto-tax-uk&a=https%3A%2F%2Fcoinledger.io%2Fguides%2Fcrypto-tax-uk" rel="nofollow noopener" target="_blank">https://coinledger.io/guides/crypto-tax-uk</a>. <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=CG54377&sd=2024-11-12" title="Cision" width="12"></img> View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/leading-crypto-tax-software-provider-coinledger-announces-strategic-expansion-into-united-kingdom-302302736.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/leading-crypto-tax-software-provider-coinledger-announces-strategic-expansion-into-united-kingdom-302302736.html</a> SOURCE CoinLedger <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=CG54377&Transmission_Id=202411120939PR_NEWS_USPR_____CG54377&DateId=20241112" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ sdecoret <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
Taiko Enables Multiple ZK Proofs on Mainnet for Enhanced Security

Tue, 12 Nov 2024 16:19:09 -0000

NEW YORK and LONDON and SINGAPORE, Nov. 11, 2024 /PRNewswire/ — Taiko, Ethereum‘s first based rollup network, has just enabled multiple Zero-Knowledge (ZK) proofs powered by Succinct and RISC Zero. This enhanced multi-proof architecture, that currently includes SGX proofs, will help secure the network’s 5 million daily transactions. As ZK-tech is still early in its development, Taiko’s multi-proof approach … Continue reading "Taiko Enables Multiple ZK Proofs on Mainnet for Enhanced Security"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/46e78bef789385a69f29fd3c30f9778c-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/46e78bef789385a69f29fd3c30f9778c-1.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/46e78bef789385a69f29fd3c30f9778c-1-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/46e78bef789385a69f29fd3c30f9778c-1-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/46e78bef789385a69f29fd3c30f9778c-1-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>NEW YORK and LONDON and SINGAPORE, Nov. 11, 2024 /PRNewswire/ — Taiko, Ethereum‘s first based rollup network, has just enabled multiple Zero-Knowledge (ZK) proofs powered by Succinct and RISC Zero. This enhanced multi-proof architecture, that currently includes SGX proofs, will help secure the network’s 5 million daily transactions. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <a href="https://mma.prnewswire.com/media/2311006/taiko_logo_black_Logo.html" rel="nofollow noopener" target="_blank"> <img decoding="async" alt="(PRNewsfoto/Taiko)" src="https://mma.prnewswire.com/media/2311006/taiko_logo_black_Logo.jpg" title="(PRNewsfoto/Taiko)"></img> </a> </div> As ZK-tech is still early in its development, Taiko’s multi-proof approach aims to address any possible bugs or concerns brought by a single proving system. The implementation of multiple provers allows for more oversight and strengthened security. “We still appreciate SGX proofs but we have to acknowledge that they have the potential to be buggy. Now with ZK proofs, we can override this concern with them acting as another level of security. We’re aiming to add more ZK proofs when they become available, or even combine different types of ZK proofs into a single proof. Until ZK systems are fully mature and audited, the multi-proof setup is very important for us,” said Yue, Taiko’s proving-system engineer. Taiko will now require 3% of all blocks proposed by its fallback proposer <a href="https://x.com/taikobeats" rel="nofollow noopener" target="_blank">Taiko </a><a href="https://x.com/taikobeats" rel="nofollow noopener" target="_blank">Beats</a> to have either Succinct or RISC Zero proofs. This limited requirement is implemented to allow community proposers time to prepare. Taiko’s goal is to extend ZK proof requirements to all proposers in the near future. In 2025, the percentage of blocks proven by ZK will ramp to 100%, positioning Taiko as a fully ZK-based rollup. “Taiko is on the right path to scaling Ethereum the right way,” said Daniel Wang, Taiko cofounder. Multi-proof designs are key in ensuring security for based rollups, especially when their contracts on Ethereum are immutable and cannot be swiftly upgraded or reconfigured by a controlling party. With ZK proofs adding assurance without reliance on trusted parties, this multiple prover approach aligns with Ethereum‘s evolving vision for a trustless, secure ecosystem. This was even <a href="https://notes.ethereum.org/@vbuterin/enshrined_zk_evm" rel="nofollow noopener" target="_blank">recently highlighted</a> as the future of ZK technology by Vitalik Buterin, Ethereum‘s founder. <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=CN52821&sd=2024-11-11" title="Cision" width="12"></img> View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/taiko-enables-multiple-zk-proofs-on-mainnet-for-enhanced-security-302301147.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/taiko-enables-multiple-zk-proofs-on-mainnet-for-enhanced-security-302301147.html</a> SOURCE Taiko Labs <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=CN52821&Transmission_Id=202411111000PR_NEWS_USPR_____CN52821&DateId=20241111" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ jirkaejc <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
QCP Trading Receives In-Principle Approval for Major Payment Institution License in Singapore

Mon, 11 Nov 2024 16:19:08 -0000

Key development reinforces QCP Trading’s commitment to regulatory excellence in Singapore. SINGAPORE, Nov. 11, 2024 /CNW/ — QCP Trading Pte. Ltd. (“QCP Trading”), has received an In-Principle Approval (“IPA”) for a Major Payment Institution (“MPI”) License from the Monetary Authority of Singapore (“MAS”). The IPA represents an essential step toward full licensing, allowing QCP Trading … Continue reading "QCP Trading Receives In-Principle Approval for Major Payment Institution License in Singapore"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/469fc07719ee256cb129bd4afbff3002.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/469fc07719ee256cb129bd4afbff3002.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/469fc07719ee256cb129bd4afbff3002-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/469fc07719ee256cb129bd4afbff3002-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/469fc07719ee256cb129bd4afbff3002-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>Key development reinforces QCP Trading’s commitment to regulatory excellence in Singapore. SINGAPORE, Nov. 11, 2024 /CNW/ — QCP Trading Pte. Ltd. (“QCP Trading”), has received an In-Principle Approval (“IPA”) for a Major Payment Institution (“MPI”) License from the Monetary Authority of Singapore (“MAS”). The IPA represents an essential step toward full licensing, allowing QCP Trading to prepare to offer regulated spot trading services for digital payment tokens. The IPA reinforces QCP Trading’s dedication to Singapore’s high regulatory standards, marking a key step towards the eventual goal of providing compliant, innovative, and efficient solutions for clients. QCP Trading aims to provide spot trading for a wide range of stablecoins and major digital tokens supported by its comprehensive on/off ramping services in multiple currencies. Leveraging 24/7 support, seamless API integration, dedicated voice trading capabilities and same-day settlement through its local banking partners, QCP Trading aspires to build a leading spot franchise and position itself as one of the most price-competitive players in the digital asset space. “As we pursue the full MPI license, we remain focused on supporting Singapore’s growing reputation as a leader in digital asset regulation,” said Darius Sit, Founder of QCP Trading. “We take pride in our ability to remain agile and responsive to both global and local market conditions, which is the key to success in this rapidly evolving sector. This latest milestone for QCP Trading reinforces our belief in the importance of a strong regulatory foundation for sustainable growth and positioning ourselves to be a trusted partner of choice in the digital asset space.” “QCP Trading aims to champion robust governance frameworks and our early recognition of the critical role of regulation has proven to be a strategic foresight,” Melvin Deng, Chief Executive Officer of QCP Trading added. “We reaffirm our dedication to fostering strong partnerships in Singapore and look forward to working closely with the MAS to achieve the MPI license.” With Singapore at the core of its strategy, QCP Trading aims to grow the local team, prioritizing the recruitment of exceptional talent to facilitate its ongoing growth and ensure adherence to local regulations. QCP Trading is dedicated to delivering institutional-grade solutions in digital assets spot trading, positioning itself as a trusted partner in Asia and beyond. About QCP Trading QCP Trading is the dedicated OTC spot trading arm of QCP Group, providing institutional clients with secure, compliant, and efficient spot trading solutions. QCP Trading offers a wide array of services such as on/off ramping, seamless API integration, and personalized voice trading channels, ensuring a smooth and tailored trading experience with quick settlement times. QCP Trading has received the IPA from MAS for an MPI License to provide digital payment token services for OTC spot trading in Singapore. More information can be found at <a href="https://www.qcpgroup.com/" rel="nofollow noopener" target="_blank">www.qcpgroup.com</a>. Media Contact Elisha Thiara – <a href="mailto:elisha.thiara@qcp.capital" rel="nofollow noopener" target="_blank">elisha.thiara@qcp.capital</a> <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=CN52616&sd=2024-11-11" title="Cision" width="12"></img> View original content:<a href="https://www.prnewswire.com/news-releases/qcp-trading-receives-in-principle-approval-for-major-payment-institution-license-in-singapore-302300849.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/qcp-trading-receives-in-principle-approval-for-major-payment-institution-license-in-singapore-302300849.html</a> SOURCE QCP <img decoding="async" alt="" src="https://rt.newswire.ca/rt.gif?NewsItemId=C2314&Transmission_Id=202411110000CANADANWCANADAPR_C2314&DateId=20241111" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ merznatalia <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
Alchemy Pay Expands U.S. Compliance with Four New Money Transmitter Licenses

Sun, 10 Nov 2024 16:19:13 -0000

SINGAPORE, Nov. 8, 2024 /PRNewswire/ — Alchemy Pay, a world-leading fiat-crypto payment solutions provider, is excited to announce that it has secured 4 additional U.S. Money Transmitter Licenses (MTLs) in Minnesota, Oklahoma, Oregon, and Wyoming. These new licenses bring Alchemy Pay’s total to 8 U.S. state licenses, following its earlier approvals in Arkansas, Iowa, New … Continue reading "Alchemy Pay Expands U.S. Compliance with Four New Money Transmitter Licenses"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/b1f7d40dcac432a62a14cf6e19be309e.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/b1f7d40dcac432a62a14cf6e19be309e.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/b1f7d40dcac432a62a14cf6e19be309e-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/b1f7d40dcac432a62a14cf6e19be309e-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/b1f7d40dcac432a62a14cf6e19be309e-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>SINGAPORE, Nov. 8, 2024 /PRNewswire/ — Alchemy Pay, a world-leading fiat-crypto payment solutions provider, is excited to announce that it has secured 4 additional U.S. Money Transmitter Licenses (MTLs) in Minnesota, Oklahoma, Oregon, and Wyoming. These new licenses bring Alchemy Pay’s total to 8 U.S. state licenses, following its earlier approvals in <a href="https://cointelegraph.com/news/crypto-payment-firm-alchemy-pay-arkansas-license" rel="nofollow noopener" target="_blank">Arkansas</a>, <a href="https://news.bitcoin.com/crypto-payment-provider-alchemy-pay-secures-iowa-money-services-license/" rel="nofollow noopener" target="_blank">Iowa</a>, <a href="https://news.bitcoin.com/alchemy-pay-gains-approval-with-new-hampshire-money-transmitter-license-in-the-usa/" rel="nofollow noopener" target="_blank">New Hampshire</a>, and <a href="https://alchemypay.org/news-and-press/alchemy-pay-expands-payment-reach-with-new-mexico-money-transmission-license" rel="nofollow noopener" target="_blank">New Mexico</a>. This accomplishment further underscores Alchemy Pay’s dedication to regulatory compliance and building a trusted infrastructure in the U.S. market. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <a href="https://mma.prnewswire.com/media/2155297/image_5017751_41593380_Logo.html" rel="nofollow noopener" target="_blank"> <img decoding="async" alt="(PRNewsfoto/Alchemy Pay)" src="https://mma.prnewswire.com/media/2155297/image_5017751_41593380_Logo.jpg" title="(PRNewsfoto/Alchemy Pay)"></img> </a> </div> With these 4 new licenses, Alchemy Pay can now expand its secure and regulated crypto services to residents and businesses across these states, enhancing accessibility for users looking to seamlessly transact between fiat and cryptocurrencies via its on and off-ramp service. This development aligns with Alchemy Pay’s dedication to setting high standards for compliant growth in Web3—a landscape now seen as especially promising under the recent pro-crypto sentiment in the U.S. market. “Our mission is to build a robust and compliant infrastructure that connects the traditional financial system with the decentralized crypto economy,” said Romeo Luo, Chief Revenue Officer at Alchemy Pay. “Securing MTL licenses in Minnesota, Oklahoma, Oregon, and Wyoming strengthens our foothold in the U.S. market, where the crypto economy is poised for tremendous potential. We’re proud to be setting high standards in the evolving Web3 landscape, especially in the U.S., a market with vast opportunities for growth.” Alchemy Pay’s compliance-first approach ensures its services meet each state’s regulatory framework, building a foundation of trust for its partners and users alike. Already trusted by over one million registered users globally, Alchemy Pay has processed millions in transaction volume yearly and is recognized by leading payment giants Visa and Mastercard as an authorized third-party service provider. Additionally, Alchemy Pay is registered as a Money Services Business (MSB) in Canada, further solidifying its commitment to global compliance. The company continues to pursue additional licenses across key regions, including Hong Kong, Australia, South Korea, Singapore, and Europe, with a target of securing 20 new licenses globally to further its vision of a connected, compliant crypto economy. With its growing regulatory network, Alchemy Pay is positioned to empower Web3 projects, exchanges, and wallets across the U.S. to confidently expand their operations and drive crypto adoption. The acquisition of these MTLs underscores Alchemy Pay’s commitment to a secure, accessible, trustworthy and scalable crypto payment ecosystem that thrives in both the U.S. and the global market. About Alchemy Pay Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off Ramp, Crypto Card, Web3 Digital Bank, Crypto Payments and NFT Checkout, Alchemy Pay supports payments in 173 countries. The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. Additionally, our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain. <a href="https://alchemypay.org/" rel="nofollow noopener" target="_blank">Website</a> <a href="https://twitter.com/alchemypay" rel="nofollow noopener" target="_blank">Twitter</a> <a href="https://www.linkedin.com/company/alchemypay/" rel="nofollow noopener" target="_blank">LinkedIn</a> <a href="https://alchemypay.medium.com/" rel="nofollow noopener" target="_blank">Medium</a> <a href="https://www.youtube.com/c/AlchemyPay" rel="nofollow noopener" target="_blank">YouTube</a> <a href="https://t.me/alchemy_official" rel="nofollow noopener" target="_blank">Telegram</a><a href="https://discord.gg/alchemypay" rel="nofollow noopener" target="_blank"> Discord</a> <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=CN51844&sd=2024-11-08" title="Cision" width="12"></img> View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/alchemy-pay-expands-us-compliance-with-four-new-money-transmitter-licenses-302299977.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/alchemy-pay-expands-us-compliance-with-four-new-money-transmitter-licenses-302299977.html</a> SOURCE Alchemy Pay <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=CN51844&Transmission_Id=202411080900PR_NEWS_USPR_____CN51844&DateId=20241108" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ artefacti <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
Bybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market

Sat, 09 Nov 2024 16:19:10 -0000

DUBAI, UAE, Nov. 8, 2024 /CNW/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with Block Scholes, today released its latest post-election crypto derivatives analytics report. The report dives deep into the market behavior following the conclusion of the 2024 U.S. election, revealing a clear shift towards renewed bullishness and a strong … Continue reading "Bybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/3201b18d3b47af7ede368acb5e5d12d4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/3201b18d3b47af7ede368acb5e5d12d4.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/3201b18d3b47af7ede368acb5e5d12d4-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/3201b18d3b47af7ede368acb5e5d12d4-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/3201b18d3b47af7ede368acb5e5d12d4-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>DUBAI, UAE, Nov. 8, 2024 /CNW/ — <a href="https://www.bybit.com/en/press" rel="nofollow noopener" target="_blank">Bybit</a>, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with Block Scholes, today released its latest post-election crypto derivatives analytics report. The report dives deep into the market behavior following the conclusion of the 2024 U.S. election, revealing a clear shift towards renewed bullishness and a strong appetite for leveraged long positions. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <a href="https://mma.prnewswire.com/media/2267288/Logo.html" rel="nofollow noopener" target="_blank"> <img decoding="async" alt="Bybit Logo (PRNewsfoto/Bybit)" src="https://mma.prnewswire.com/media/2267288/Logo.jpg" title="Bybit Logo (PRNewsfoto/Bybit)"></img> </a> </div> Market Behavior in Focus With election uncertainty now behind, the report shows that traders are leaning strongly toward leveraged long positions, especially in perpetuals and futures contracts. Short-term volatility has decreased, and BTC’s price structure has leveled out, suggesting a more stable market. The steady trading activity over the weekend further highlights the ongoing strong interest in crypto assets. Key Findings: <ul type="disc"> <li>Sharp Decline in Short-Term Volatility: As election uncertainty cleared, short-term implied volatility for both BTC and ETH witnessed a significant drop.</li> <li>Flattening of BTC Term Structure: While the term structure for BTC flattened, ETH‘s evolved into a steeper curve, potentially reflecting increased long-term uncertainty surrounding Ethereum.</li> <li>Resurgence of Leveraged Positions: Following a pre-election reduction, leveraged positions have bounced back strongly. Open interest in both perpetuals and futures contracts has climbed, indicating a willingness to embrace risk once again.</li> <li>Record High Positioning: Despite the election risk subsiding, positioning across all markets is near all-time highs, showcasing a keen interest in maintaining leveraged long exposure as BTC reaches new records.</li> <li>Robust Trading Volumes: Trading volumes remained robust throughout the week, even over the weekend, highlighting sustained market activity.</li> <li>Renewed Interest in Directional Bets: Perpetual swap open interest mirrored the trend seen in futures contracts. A decline during pre-election turbulence was followed by a sharp rise as the election outcome became clear, suggesting renewed focus on directional bets to capitalize on positive post-election movement.</li> <li>Increased Options Interest: Despite subdued option trading volumes, open interest for BTC options has surged. This points towards a growing interest in positioning for potential long-term volatility in the aftermath of the election.</li> </ul> Access the Full Report: Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: <a href="https://learn.bybit.com/crypto-insight/bybit-x-block-scholes-crypto-derivatives-analytics-report-nov-6-2024/" rel="nofollow noopener" target="_blank">https://learn.bybit.com/crypto-insight/bybit-x-block-scholes-crypto-derivatives-analytics-report-nov-6-2024/</a> #Bybit / #TheCryptoArk /#BybitResearch About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For more details about Bybit, please visit <a href="https://www.bybit.com/en/press" rel="nofollow noopener" target="_blank">Bybit Press</a> For media inquiries, please contact: <a href="mailto:media@bybit.com" rel="nofollow noopener" target="_blank">media@bybit.com</a> For more information, please visit: <a href="https://www.bybit.com/" rel="nofollow noopener" target="_blank">https://www.bybit.com</a> For updates, please follow: <a href="https://www.bybit.com/en-us/promo/global/communities/" rel="nofollow noopener" target="_blank">Bybit’s Communities and Social Media</a> <a href="https://discord.gg/bybit" rel="nofollow noopener" target="_blank">Discord</a> | <a href="https://www.facebook.com/Bybit/" rel="nofollow noopener" target="_blank">Facebook</a> | <a href="https://www.instagram.com/bybit_official/?hl=en" rel="nofollow noopener" target="_blank">Instagram</a> | <a href="https://www.linkedin.com/company/bybitexchange/" rel="nofollow noopener" target="_blank">LinkedIn</a> | <a href="https://www.reddit.com/r/Bybit/" rel="nofollow noopener" target="_blank">Reddit</a> | <a href="https://t.me/s/Bybit_Announcements" rel="nofollow noopener" target="_blank">Telegram</a> | <a href="https://www.tiktok.com/@bybit_official?lang=en" rel="nofollow noopener" target="_blank">TikTok</a> | <a href="https://twitter.com/Bybit_Official" rel="nofollow noopener" target="_blank">X</a> | <a href="https://www.youtube.com/c/bybit" rel="nofollow noopener" target="_blank">Youtube</a> <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=CN51768&sd=2024-11-08" title="Cision" width="12"></img> View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/bybit-and-block-scholes-uncover-post-election-bullish-sentiment-traders-lean-into-leveraged-longs-amid-stabilized-market-302299964.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/bybit-and-block-scholes-uncover-post-election-bullish-sentiment-traders-lean-into-leveraged-longs-amid-stabilized-market-302299964.html</a> SOURCE Bybit <img decoding="async" alt="" src="https://rt.newswire.ca/rt.gif?NewsItemId=C4020&Transmission_Id=202411080900CANADANWCANADAPR_C4020&DateId=20241108" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ piter2121 <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
How Democrats Missed the Crypto Opportunity in 2024

Fri, 08 Nov 2024 20:11:06 -0000

In the aftermath of the 2024 election, the cryptocurrency industry has solidified itself as a key player in the U.S. political arena. With the GOP now controlling the presidency and the Senate, crypto PACs (Political Action Committees) have successfully backed candidates who support crypto regulation reform. The election results reveal a notable gap in the … Continue reading "How Democrats Missed the Crypto Opportunity in 2024"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/09/79636-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="democrats" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/09/79636-1.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/09/79636-1-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/09/79636-1-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>In the aftermath of the 2024 election, the cryptocurrency industry has solidified itself as a key player in the U.S. political arena. With the GOP now controlling the presidency and the Senate, crypto PACs (Political Action Committees) have successfully backed candidates who support crypto regulation reform. The election results reveal a notable gap in the <a href="https://cryptocurrencynews.com/market-news/kamala-harris-crypto-policy-gains-support-from-mark-cuban/">Democrats</a>‘ approach to crypto regulation, highlighting missed opportunities that could have given the party an edge in managing the rapidly expanding blockchain and digital asset sectors. <h2>Crypto’s Call for Regulatory Clarity</h2> For years, leaders in the crypto industry have been pushing for clear, fair regulations. While industry insiders held bipartisan discussions and encouraged transparency, many Democratic leaders dismissed digital assets as risky, associating them with scams or criminal activity. This resistance hindered efforts to create a balanced crypto regulatory framework that would foster innovation and protect consumers. Crypto advocates hoped that Democrats would consider the broader economic benefits of blockchain, but instead, the Democrats’ stance left a vacuum in policy. This gap allowed conservative-backed candidates, especially those aligned with the pro-crypto movement, to emerge as champions of crypto innovation, promising a friendlier regulatory environment. <h2>Crypto’s Shift to the GOP</h2> As Democrats held back, crypto leaders found support in MAGA-aligned GOP candidates, who endorsed a more hands-off approach to financial regulation. With a GOP-controlled Congress, the industry is now positioned to push for reforms like FIT21, a proposed policy that could move crypto oversight from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). This shift would reduce SEC’s stringent controls over digital assets, a move that many crypto companies believe will help the industry flourish. However, while a GOP-led administration may favor deregulation, it also comes with potential downsides. The GOP’s Project 2025, a conservative blueprint that promotes executive power consolidation, could have unintended impacts on individual rights. With Trump and his supporters pushing a robust deregulatory agenda, financial freedom might expand for crypto, but at the possible expense of other freedoms. <h2>The Impact on Marginalized Communities</h2> One of the most significant concerns about the Democrats’ missed opportunity in crypto regulation is its impact on marginalized communities, particularly Black Americans. For many Black investors, crypto has been a gateway to financial independence, allowing them to bypass traditional financial barriers. Studies reveal that around 23% of Black Americans own cryptocurrency, a higher percentage than other demographic groups. Crypto offers an accessible entry point for these communities to begin investing and building wealth. However, the GOP’s approach to financial regulation and its stance on social policies could undermine the progress these communities have made. Project 2025, for instance, promotes restrictive social policies that may clash with the values of diverse crypto users who view digital assets as tools for empowerment. <h2>Crypto PACs and Their Rising Influence</h2> The 2024 election cycle saw crypto PACs like Fairshake, Defend American Jobs, and Protect Progress investing millions to support pro-crypto candidates. These PACs, backed by major crypto players like Coinbase (NASDAQ:COIN) and Ripple Labs, channeled funds to candidates who promised to create a favorable regulatory landscape for digital assets. Fairshake alone became the largest single-issue PAC in history, spending over $40 million on candidates like Bernie Moreno, who unseated Democratic incumbent Sherrod Brown in Ohio. Such investments underscore the crypto industry’s dedication to influencing policy. However, some observers worry that massive spending on political campaigns could drown out the voices of communities that depend on crypto for financial freedom, shifting power to large corporations and diluting crypto’s promise as a democratizing force. <h2>A Missed Opportunity for the Democrats</h2> The Democrats’ reluctance to engage meaningfully with the crypto industry has not only cost them a foothold in financial innovation but also a chance to foster inclusion. Surveys by organizations like Paradigm show that Black Americans are more likely to view crypto as a tool to bridge the racial wealth gap. Democrats could have leveraged this sentiment, aligning with crypto advocates to support policies that balance innovation with protection. By dismissing crypto, the Democrats have given up an opportunity to shape a regulatory framework that aligns with their values of fairness and inclusion. Now, under a GOP-led administration, crypto may see a friendlier regulatory climate, but it remains to be seen how much of this will benefit the communities who initially found financial hope in digital assets. <h2>What Lies Ahead for Crypto and the Democrats</h2> With Trump back in office and a crypto-supportive Congress, Democrats must reassess their stance if they want to regain influence over this sector. Crypto PACs have demonstrated their power, showing that financial empowerment can be a persuasive political tool. To stay relevant, Democrats may need to approach crypto with an open mind, engaging with industry leaders to create policies that foster innovation without sacrificing consumer protection. Crypto’s journey in the U.S. political landscape is far from over. As Project 2025 gains momentum, the very communities that turned to crypto for financial freedom may face new challenges under the GOP’s conservative agenda. The question now is whether the crypto industry will rise to fulfill its promise of financial inclusion or prioritize corporate gains. For Democrats, the lesson is clear: innovation cannot be ignored. By sidelining crypto, the party has missed a crucial moment in economic transformation—one with the potential to empower millions. Featured Image: Freepik <a href="https://cryptocurrencynews.com/disclaimer" target="_blank" rel="noopener">Please See Disclaimer</a>
Crypto Political Influence: $135M Spent on Winning Campaigns

Fri, 08 Nov 2024 20:03:38 -0000

The cryptocurrency industry made a powerful statement in the 2024 election, spending an estimated $135 million to support more than 50 candidates across the U.S. In a remarkable outcome, 48 out of 48 candidates backed by crypto’s largest political action committees (PACs) emerged victorious, signaling a significant milestone for crypto political influence. With key wins … Continue reading "Crypto Political Influence: $135M Spent on Winning Campaigns"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/03/Crypto42-EdZbarzhyvetsky" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto political influence" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/03/Crypto42-EdZbarzhyvetsky 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/03/Crypto42-EdZbarzhyvetsky-300x168. 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/03/Crypto42-EdZbarzhyvetsky-768x431. 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/03/Crypto42-EdZbarzhyvetsky-215x120. 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>The cryptocurrency industry made a powerful statement in the 2024 election, spending an estimated $135 million to support more than 50 candidates across the U.S. In a remarkable outcome, 48 out of 48 candidates backed by crypto’s largest political action committees (PACs) emerged victorious, signaling a significant milestone for crypto political influence. With key wins in both the House and Senate, the industry has positioned itself as a serious player on Capitol Hill, aiming to shape the legislative landscape for blockchain and digital assets. <h2>Record-Breaking Spending for a Political Shift</h2> Crypto’s biggest PAC, Fairshake, alongside affiliated PACs like Defend American Jobs and Protect Progress, has raised and deployed funds from industry giants such as Coinbase (NASDAQ:COIN), Ripple Labs, and venture capital firm Andreessen Horowitz. Their combined spending has outpaced traditional donors, trailing only the fossil fuel industry in total political contributions. Fairshake’s influence, which swayed races nationwide, marks a new approach for crypto PACs, where the focus was on electing industry-friendly candidates without overtly promoting crypto. One of the most significant victories was in Ohio, where Fairshake spent over $40 million to support Bernie Moreno, a Republican who unseated long-time Democratic senator Sherrod Brown. Notably, campaign messaging rarely mentioned crypto, instead focusing on economic policies, Social Security, and energy independence, showing how the industry is shifting its strategy to appeal to broader voter bases while securing allies. <h2>A New Era of Crypto Political Influence and Legislative Impact</h2> Following the election, a coalition of crypto lobbyists celebrated “the most pro-blockchain and pro-crypto Congress in history,” calling on President-elect Donald Trump to remove SEC Chair Gary Gensler. The SEC’s strict approach to crypto regulation has long been a point of contention within the industry, with Coinbase CEO Brian Armstrong and other leaders hoping to soften regulatory stances. With election victories in place, crypto PACs aim to solidify these gains in the next legislative cycle. Coinbase and Ripple are expanding their lobbying efforts, adding more representatives to advocate for favorable policies. Meanwhile, Andreessen Horowitz is establishing a Washington office to deepen the sector’s engagement with policymakers. Such efforts underscore the industry’s commitment to long-term political influence beyond just campaign contributions. <h2>Crypto vs. Established Donors: Outspending Competitors</h2> Crypto PACs’ recent spending efforts highlight a growing shift in corporate political influence. Fairshake and its affiliates have outspent traditional corporate donors like Koch Industries and Chevron Corp., focusing on incumbents and challengers who support innovation and deregulation in the blockchain space. Their strategy also serves as an “intimidation tool,” according to Public Citizen’s Rick Claypool, pressuring politicians to adopt pro-crypto stances without alienating the broader voter base. In Michigan, Protect Progress spent $10 million supporting Elissa Slotkin and Ruben Gallego, both of whom previously voted for pro-crypto legislation. With such heavy investment in these candidates, the industry aims to build a reliable base of crypto-friendly legislators in Congress, ensuring favorable votes on critical issues. <h2>Challenges and the Road Ahead</h2> Despite these gains, crypto’s political journey faces obstacles. Proposed trade tariffs and regulatory shifts under President-elect Trump could pose challenges, particularly with tariffs on goods from China, where some crypto manufacturing supply chains are based. Higher tariffs could increase costs for companies like Nvidia (NASDAQ:NVDA) and other tech firms working in blockchain, raising broader questions about the cost-effectiveness of supporting crypto growth. Moreover, spending alone doesn’t guarantee favorable legislation. As Peter Loge from George Washington University noted, campaign contributions secure meetings but don’t ensure policy changes. Crypto PACs will need to consistently support candidates over multiple election cycles to see meaningful regulatory shifts. <h2>Long-Term Plans and a Template for Future Influence</h2> Fairshake and its affiliates are already gearing up for the next election cycle, with Coinbase committing an additional $25 million and Andreessen Horowitz adding $23 million to campaign funds for the 2026 midterms. This sustained investment reflects a strategic approach that other industries may emulate, focusing on building long-term relationships with candidates and ensuring repeated support. As crypto continues to gain momentum, the industry’s deep pockets and strategic alignment with key issues like economic growth and innovation position it as a potent force. While crypto PACs have largely avoided discussing blockchain directly with the public, their success shows that targeted spending can drive political influence in ways that align with core business objectives. The <a href="https://cryptocurrencynews.com/trumps-win-sparks-golden-age-of-crypto-in-the-us">2024 election</a> marks a turning point for crypto’s role in U.S. politics. By flexing its financial muscle and strategically supporting candidates, the cryptocurrency industry is ensuring its voice will be heard in Congress, setting the stage for favorable legislation and regulatory shifts that could redefine the future of blockchain in America. <div class="col-md-8"> <div class="entry-content"> <div class="flex max-w-full flex-col flex-grow"> <div class="min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+&]:mt-5" dir="auto" data-message-author-role="assistant" data-message-id="eda90091-5265-428e-ab6c-07ec0adb4500" data-message-model-slug="gpt-4o"> <div class="flex w-full flex-col gap-1 empty:hidden first:pt-[3px]"> <div class="markdown prose w-full break-words dark:prose-invert light"> Featured Image: depositphotos @ EdZbarzhyvetsky <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a> </div> </div> </div> </div> </div> </div>
BC.GAME Launches Exclusive Airdrop for Polymarket Users, Rewarding Participation in U.S. Election Prediction Markets

Fri, 08 Nov 2024 16:19:10 -0000

WILLEMSTAD, Curacao, Nov. 7, 2024 /PRNewswire/ — Following the frenzy surrounding the 2024 U.S. presidential election, global leading crypto igaming platform BC.GAME has officially announced an exciting airdrop campaign aimed specifically at Polymarket users. This initiative will bring BC.GAME’s gaming entertainment together with the wisdom of Polymarket users, offering a much-needed opportunity for those who actively participated … Continue reading "BC.GAME Launches Exclusive Airdrop for Polymarket Users, Rewarding Participation in U.S. Election Prediction Markets"

<figure><img width="777" height="436" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/0a69507d3df8471d8b7a97babb5ded8c.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/0a69507d3df8471d8b7a97babb5ded8c.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/0a69507d3df8471d8b7a97babb5ded8c-300x168.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/0a69507d3df8471d8b7a97babb5ded8c-768x431.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/0a69507d3df8471d8b7a97babb5ded8c-215x120.jpg 215w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>WILLEMSTAD, Curacao, Nov. 7, 2024 /PRNewswire/ — Following the frenzy surrounding the 2024 U.S. presidential election, global leading crypto igaming platform <a href="https://bc.game/" rel="nofollow noopener" target="_blank">BC.GAME</a> has officially announced an exciting airdrop campaign aimed specifically at Polymarket users. This initiative will bring BC.GAME’s gaming entertainment together with the wisdom of Polymarket users, offering a much-needed opportunity for those who actively participated in the election prediction market. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <a href="https://mma.prnewswire.com/media/2496049/BC_GAME_Logo.html" rel="nofollow noopener" target="_blank"> <img decoding="async" alt="(PRNewsfoto/BC.GAME)" src="https://mma.prnewswire.com/media/2496049/BC_GAME_Logo.jpg" title="(PRNewsfoto/BC.GAME)"></img> </a> </div> Airdrop Frenzy Amid the Hype: Special Rewards for Polymarket Users Following the intense activity during the 2024 U.S. presidential election, Polymarket saw an unprecedented surge in user participation. Thousands of individuals placed bets on the election results, turning this prediction market into a major financial event. To capitalize on this momentum, BC.GAME is launching an exclusive airdrop for Polymarket users. The campaign will reward active participants with exclusive prizes and access to BC.GAME’s expansive gaming ecosystem, creating an exciting opportunity for those who took part in one of the most talked-about prediction markets in history. For detailed information about the airdrop, please follow BC.GAME’s official Twitter<a href="https://x.com/bcgame" rel="nofollow noopener" target="_blank"> here</a>. Exclusive Airdrop: A Chance to Turn the Tide The BC.GAME airdrop campaign will offer Polymarket’s active users unique rewards, creating an exciting and unparalleled experience in the crypto gaming space. By leveraging the buzz surrounding Polymarket, BC.GAME aims to bring its innovative gaming ecosystem to more users, giving them the opportunity to earn substantial rewards through this airdrop. Polymarket users will not only enjoy exclusive games on the BC.GAME platform, but also have the chance to claim specially designed rewards. The BC.GAME team guarantees a transparent and fair process throughout the event, ensuring that every participant receives maximum benefits. BC.GAME: Igniting the Future of Crypto Communities BC.GAME has always been at the forefront of innovation, providing users with a never-before-seen gaming experience. According to data from <a href="https://1ml.com/node/02c197ffa4c2aa4105dd4c4b7279ba1b9061b22910ebbfa759b0001bed9ee48a16" rel="nofollow noopener" target="_blank">1ml.com</a>, BC.GAME is ranked 14th globally in the crypto gaming space and supports hundreds of cryptocurrencies, including Poly, providing users with diverse payment and gaming options. In addition, BC.GAME actively participates in the development of the crypto community by investing in NFTs and supporting the growth of the metaverse. For example, BC.GAME has invested 700 ETH into various NFT projects to foster growth in the metaverse and iGaming sectors. By engaging with Polymarket users, BC.GAME is lighting up new possibilities in the crypto world and paving the way for the future of digital entertainment. About BC.GAME BC.GAME is a leading global crypto gaming platform that offers a wide variety of games and a decentralized service model at its core, earning the trust and love of users worldwide. With unparalleled innovative technology and a user-centric philosophy, BC.GAME has become a major player in the blockchain entertainment industry. BC.GAME will continue to deliver more innovative products and exclusive rewards to global crypto enthusiasts, injecting limitless possibilities into the gaming experience. <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=CN51587&sd=2024-11-07" title="Cision" width="12"></img> View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/bcgame-launches-exclusive-airdrop-for-polymarket-users-rewarding-participation-in-us-election-prediction-markets-302299647.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/bcgame-launches-exclusive-airdrop-for-polymarket-users-rewarding-participation-in-us-election-prediction-markets-302299647.html</a> SOURCE BC.GAME <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=CN51587&Transmission_Id=202411072305PR_NEWS_USPR_____CN51587&DateId=20241107" style="border:0px;width:1px;height:1px"></img> Featured Image: depositphotos @ grey82 <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
DeFi Market Growth Nears $100 Billion as Crypto Surges

Thu, 07 Nov 2024 20:48:20 -0000

The decentralized finance (DeFi) market is heating up, with the total value locked (TVL) in DeFi protocols nearing an impressive $100 billion milestone. This growth reflects the increased adoption of decentralized financial solutions and highlights DeFi’s rising influence within the broader crypto landscape. As investor interest surges, leading DeFi protocols are gaining momentum, and blockchain … Continue reading "DeFi Market Growth Nears $100 Billion as Crypto Surges"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/09/974-2-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Defi" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/09/974-2-1.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/09/974-2-1-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/09/974-2-1-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>The decentralized finance (DeFi) market is heating up, with the total value locked (TVL) in DeFi protocols nearing an impressive $100 billion milestone. This growth reflects the increased adoption of decentralized financial solutions and highlights DeFi’s rising influence within the broader crypto landscape. As investor interest surges, leading DeFi protocols are gaining momentum, and blockchain ecosystems are diversifying, indicating robust growth for DeFi. <h2>DeFi Market Nears $100 Billion Milestone</h2> The total value locked in DeFi protocols has reached $94.491 billion as of November 7, 2024, just $5.509 billion short of the significant $100 billion target. This metric, which measures the overall value held within DeFi platforms, has been steadily climbing thanks to an uptick in investor interest and the overall crypto market rally. Top-performing protocols like Lido, Aave, and Eigenlayer are leading the charge, each experiencing double-digit growth over the past month. Lido currently manages $27.507 billion, Aave holds $14.964 billion, and Eigenlayer oversees $11.906 billion in TVL. These protocols’ rapid growth underscores their role as essential pillars of the DeFi ecosystem. <h2>Crypto Market Surge Fuels DeFi’s Expansion</h2> DeFi’s expansion is further driven by recent gains in major smart contract tokens. Ethereum (ETH), which accounts for over 55% of DeFi’s TVL, saw a 10% price increase this week alone. Other notable tokens, like Solana (SOL), Cardano (ADA), and Avalanche (AVAX), also recorded impressive gains, adding to the momentum. Solana surged by 12%, ADA rose by 9%, and AVAX appreciated by 7.7%, collectively bolstering the DeFi market’s overall value. The combined market capitalization of smart contract-based cryptos now stands at $638.12 billion, marking a 13.8% increase as investor optimism rises. Ethereum continues to dominate the DeFi landscape with its substantial contribution, followed by Tron (7.1%), Solana (7.03%), and Binance Smart Chain (4.9%). Notably, even Bitcoin contributes to DeFi’s TVL, holding 3.14%, demonstrating how diverse blockchains are coming together to support DeFi’s growth. <h2>Diverse Blockchain Contributions in DeFi</h2> With DeFi’s <a href="https://www.investopedia.com/total-value-locked-7486821" target="_blank" rel="noopener">TVL</a> approaching $100 billion, the sector’s resilience across multiple blockchains is evident. Ethereum remains the largest player, but other blockchains, such as Solana and Tron, are gaining ground. This diversification indicates that DeFi isn’t reliant on any single chain, creating a decentralized ecosystem that is less susceptible to risks associated with one protocol or platform. The variety of chains contributing to DeFi signifies a shift towards a more decentralized and secure financial infrastructure. As DeFi protocols expand and draw more assets, this broad-based growth reduces dependence on centralized financial systems and enhances DeFi’s potential to become a critical part of the global financial ecosystem. <h2>DeFi’s Future in the Global Financial System</h2> As <a href="https://cryptocurrencynews.com/investing-news/defi-platform-pendle-saves-105-million-after-penpie-hack/">DeFi</a> nears the $100 billion TVL benchmark, it signifies more than just a financial milestone. The strong interest in DeFi protocols underscores a growing trust in decentralized systems as viable alternatives to traditional finance. With the DeFi sector continuing to expand, it could soon represent a significant shift in global finance, offering a more transparent, efficient, and accessible option for financial services. Investor enthusiasm remains high as DeFi protocols like Lido, Aave, and Eigenlayer demonstrate their ability to scale, secure large amounts of capital, and provide value to users. As more investors participate, DeFi could play an increasingly integral role in shaping a decentralized future. In conclusion, the DeFi market’s near-$100 billion growth reflects the evolving landscape of decentralized finance, with protocols across multiple blockchains contributing to this unprecedented expansion. This growth not only showcases DeFi’s potential but also sets the stage for a more decentralized, resilient, and secure global financial ecosystem. Featured Image: Freepik <a href="https://cryptocurrencynews.com/disclaimer" target="_blank" rel="noopener">Please See Disclaimer</a>
Ethereum Price Forecast: $3,366 Target in Sight Amid Bullish Demand

Thu, 07 Nov 2024 20:41:20 -0000

Ethereum (ETH) has surged with strong investor interest, signaling a potential rally to $3,366 and possibly even reaching new all-time highs by year-end. This article explores the recent rise in Ethereum’s open interest (OI), the influx of Ethereum ETFs, and the impact of exchange reserves, offering insights into what could be next for ETH investors. … Continue reading "Ethereum Price Forecast: $3,366 Target in Sight Amid Bullish Demand"

<figure><img width="696" height="464" src="https://cryptocurrencynews.com/wp-content/uploads/2024/07/3180-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Ethereum" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/07/3180-1.jpg 696w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/3180-1-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/07/3180-1-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>Ethereum (ETH) has surged with strong investor interest, signaling a potential rally to $3,366 and possibly even reaching new all-time highs by year-end. This article explores the recent rise in Ethereum’s open interest (OI), the influx of Ethereum ETFs, and the impact of exchange reserves, offering insights into what could be next for ETH investors. <h2>Growing Open Interest and Rising Prices</h2> Ethereum’s open interest has climbed nearly 20% in recent days, growing from $13.05 billion to $16.18 billion. Open interest, which represents the total number of outstanding contracts in a derivatives market, typically correlates with strong price momentum. This increase in open interest, alongside Ethereum’s 8% price rally, indicates that new capital is entering the ETH market, supporting the potential for an extended uptrend. Increased investor interest in Ethereum reflects the current bullish sentiment, with market-wide momentum driven by notable factors such as rising ETF inflows and institutional buy-ins. This uptick in OI is a key signal that Ethereum could continue to rally, perhaps reaching its projected $3,366 mark if this trend sustains. <h2>Institutional Interest Boosts ETH Demand</h2> Ethereum ETFs have recorded net inflows of $52.30 million, marking the largest single-day inflow in six weeks. This surge in ETF investments highlights institutional investors’ confidence in Ethereum’s long-term prospects, especially as they prepare for a potential regulatory boost for decentralized finance (DeFi). Some analysts suggest that expectations of more regulatory clarity could be fueling this growing demand, as institutions look to DeFi as a burgeoning segment within the broader crypto ecosystem. These ETF inflows are significant because they suggest a steady stream of institutional interest, which has traditionally been a key driver of price stability and growth in the crypto market. With institutional capital backing the demand for Ethereum, ETH’s price trajectory may continue upward, bringing its $3,366 target closer within reach. <h2>Potential Obstacles: Exchange Reserve Increase</h2> While the current momentum is promising, investors should be mindful of potential headwinds. In the past three days, ETH’s exchange reserves have increased by nearly 280,000 ETH, valued at approximately $720 million. An uptick in exchange reserves can imply rising selling pressure, as more ETH is available for trading on exchanges. If this trend continues, it could trigger a price correction, tempering some of the optimism surrounding ETH’s near-term prospects. Nonetheless, if ETH maintains its current support levels, it may continue to hold its bullish stance, providing it can weather potential selling pressures stemming from increased reserves. <h2>Key Technical Indicators and Price Levels</h2> Ethereum recently reclaimed the $2,817 support level, a critical juncture it last held on August 5. This move saw ETH surpass the convergence of its 50-day and 200-day Simple Moving Averages (SMA), which historically signals potential for further gains. In the last 24 hours, futures liquidations totaled $60.45 million, with $17.42 million in long liquidations and $43.04 million in short liquidations, further suggesting bullish dominance in the market. If ETH can sustain this rally above $2,817 and break past the 100-day SMA, it could potentially surge beyond the psychological $3,000 level and approach its $3,266 resistance mark. Successfully breaking this barrier would pave the way for Ethereum to challenge its yearly high resistance at $4,093, potentially setting the stage for a new all-time high. Technical indicators such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO) support this bullish outlook, both sitting above neutral levels and indicating a positive momentum shift for ETH. <h2>Risks to Monitor: Downside Scenarios</h2> While the Ethereum price forecast appears optimistic, a daily close below the 50-day and 200-day SMAs would invalidate this bullish thesis, potentially sending ETH down to $2,258. With increased exchange reserves hinting at possible selling pressure, ETH holders should remain vigilant of sudden market shifts. In conclusion, Ethereum’s current trajectory suggests a potential rally toward $3,366, supported by rising open interest, substantial ETF inflows, and increasing investor demand. However, with exchange reserves on the rise, traders and investors should be prepared for possible price fluctuations. A careful balance between bullish momentum and monitoring downside risks will be crucial as <a href="https://cryptocurrencynews.com/market-news/ethereum-price-prediction-potential-dip-before-surge/">Ethereum</a> navigates the final stretch of 2024. Featured Image: Freepik <a href="https://cryptocurrencynews.com/disclaimer" target="_blank" rel="noopener">Please See Disclaimer</a>
Amber Group Integrates Lukka Insights to Enhance Data Infrastructure and Strengthen Market Intelligence

Thu, 07 Nov 2024 16:19:08 -0000

SINGAPORE, Nov. 6, 2024 /PRNewswire/ — Amber Group, a leading global digital asset company, today announced a strategic partnership with Lukka, a premier provider of comprehensive data solutions for the crypto asset industry. Through this partnership, Amber Group has integrated Lukka Insights into its data infrastructure, providing clients with more precise and actionable intelligence across … Continue reading "Amber Group Integrates Lukka Insights to Enhance Data Infrastructure and Strengthen Market Intelligence"

<figure><img width="777" height="518" src="https://cryptocurrencynews.com/wp-content/uploads/2024/11/3542001750c2198499793dcd7e97dd94.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/11/3542001750c2198499793dcd7e97dd94.jpg 777w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/3542001750c2198499793dcd7e97dd94-300x200.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/3542001750c2198499793dcd7e97dd94-768x512.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/11/3542001750c2198499793dcd7e97dd94-336x223.jpg 336w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>SINGAPORE, Nov. 6, 2024 /PRNewswire/ — <a href="https://c212.net/c/link/?t=0&l=en&o=4295984-1&h=1863263772&u=https%3A%2F%2Fwww.ambergroup.io%2F&a=Amber+Group" rel="nofollow noopener" target="_blank">Amber Group</a>, a leading global digital asset company, today announced a strategic partnership with Lukka, a premier provider of comprehensive data solutions for the crypto asset industry. Through this partnership, Amber Group has integrated <a href="https://c212.net/c/link/?t=0&l=en&o=4295984-1&h=508813511&u=https%3A%2F%2Flukka.tech%2Finsights%2F&a=Lukka+Insights" rel="nofollow noopener" target="_blank">Lukka Insights</a> into its data infrastructure, providing clients with more precise and actionable intelligence across a diverse range of digital asset markets. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <a href="https://mma.prnewswire.com/media/2550195/Amber_Group_x_Lukka_Partnership.html" rel="nofollow noopener" target="_blank"> <img decoding="async" alt="Amber Group Integrates Lukka Insights to Enhance Data Infrastructure and Strengthen Market Intelligence" src="https://mma.prnewswire.com/media/2550195/Amber_Group_x_Lukka_Partnership.jpg" title="Amber Group Integrates Lukka Insights to Enhance Data Infrastructure and Strengthen Market Intelligence"></img> </a> </div> By integrating Lukka Insights, Amber Group gains access to an expansive dataset that covers millions of crypto assets, derivatives, and over 2,500 trading venues. This integration enables a multi-dimensional view of the market, supporting more efficient investment strategies, improved risk management, and streamlined regulatory compliance. Thomas Zhu, Co-founder and CTO of Amber Group, commented: “Partnering with Lukka is a further step in our mission to provide our clients with the most accurate, transparent, and reliable data in the digital asset space. As the crypto market continues to evolve, having access to high-quality data is crucial for making informed decisions and managing risks effectively. With Lukka Insights, we are able to further refine our data infrastructure, enabling us to continue leading the way in offering innovative and secure solutions for our clients.” Dan Huscher, Chief Data Products Officer, added: “We are pleased to announce our collaboration with Amber Group, an influential force in the crypto market. By optimizing our Lukka Insights platform, Amber Group will be able to systematize and integrate their data from a spectrum of sources, delivering a comprehensive overview to support both internal assessments and regulatory compliance.” As the crypto asset industry matures, the need for robust data governance and regulatory compliance has become paramount for institutional players. Amber Group’s selection and continued use of Lukka solutions demonstrates the firm’s proactive approach to adopting best-in-class data solutions, solidifying its position as a trusted and responsible leader in the digital asset space. About Amber Group Amber Group is a global digital asset leader headquartered in Singapore. Since 2017, the company has built full-stack solutions that bridge traditional finance and digital assets, offering end-to-end services including wealth management, asset management, market making, advisory, investing and infrastructure. Backed by top investors and with deep expertise in crypto and traditional markets, the firm leverages AI, blockchain and quantitative research to deliver personalized and innovative solutions to help its global client base of HNW individuals, institutions, crypto funds, exchanges and projects optimize returns safely in any market conditions. About Lukka Founded in 2014, Lukka serves the most risk-mature businesses in the world with institutional data and software solutions. As a global company, headquartered in the United States, Lukka bridges the gap between the complexities of blockchain data in a global crypto ecosystem with traditional business and reporting needs. All of Lukka’s products are created with institutional standards, such as AICPA Service and Organization Controls (SOC), which focus on data quality, financial calculation accuracy & completeness, and managing technology operational risk. Lukka has obtained AICPA SOC 1 Type II and SOC 2 Type II Audits, an ISO/IEC-27001 certification, NIST Cybersecurity Assessment, and continues to lead the industry with best in class technology risk governance. <div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder2"> <a href="https://mma.prnewswire.com/media/1633540/Amber_Logo.html" rel="nofollow noopener" target="_blank"> <img decoding="async" alt="Amber Group (PRNewsfoto/Amber Group)" src="https://mma.prnewswire.com/media/1633540/Amber_Logo.jpg" title="Amber Group (PRNewsfoto/Amber Group)"></img> </a> </div> <img loading="lazy" decoding="async" alt="Cision" height="12" src="https://c212.net/c/img/favicon.png?sn=SF49516&sd=2024-11-06" title="Cision" width="12"></img> View original content to download multimedia:<a href="https://www.prnewswire.com/news-releases/amber-group-integrates-lukka-insights-to-enhance-data-infrastructure-and-strengthen-market-intelligence-302297462.html" id="PRNURL" rel="nofollow noopener" target="_blank">https://www.prnewswire.com/news-releases/amber-group-integrates-lukka-insights-to-enhance-data-infrastructure-and-strengthen-market-intelligence-302297462.html</a> SOURCE Amber Group <img decoding="async" alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=SF49516&Transmission_Id=202411062000PR_NEWS_USPR_____SF49516&DateId=20241106" style="border:0px;width:1px;height:1px"></img> Featured Image: Pexels @ alesia kozik <a href="https://miningnewsdaily.com/disclaimer/" target="_blank" rel="noopener">Disclaimer</a>
Trump’s Win Sparks ‘Golden Age of Crypto’ in the US

Wed, 06 Nov 2024 20:05:40 -0000

The recent election victory of Donald Trump has ignited optimism within the cryptocurrency industry, setting the stage for what many experts are calling the “Golden Age of Crypto.” Matthew Hougan, CIO of Bitwise, outlined in a memo how Trump’s pro-crypto administration could reshape the regulatory landscape, providing a powerful boost to Bitcoin (BTC) and the … Continue reading "Trump’s Win Sparks ‘Golden Age of Crypto’ in the US"

<figure><img width="1060" height="631" src="https://cryptocurrencynews.com/wp-content/uploads/2024/03/cryptocurrencies-photos-scattered-digital-surface_1135748-27631.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="golden age of crypto" decoding="async" loading="lazy" srcset="https://cryptocurrencynews.com/wp-content/uploads/2024/03/cryptocurrencies-photos-scattered-digital-surface_1135748-27631.jpg 1060w, https://cryptocurrencynews.com/wp-content/uploads/2024/03/cryptocurrencies-photos-scattered-digital-surface_1135748-27631-300x179.jpg 300w, https://cryptocurrencynews.com/wp-content/uploads/2024/03/cryptocurrencies-photos-scattered-digital-surface_1135748-27631-1024x610.jpg 1024w, https://cryptocurrencynews.com/wp-content/uploads/2024/03/cryptocurrencies-photos-scattered-digital-surface_1135748-27631-768x457.jpg 768w, https://cryptocurrencynews.com/wp-content/uploads/2024/03/cryptocurrencies-photos-scattered-digital-surface_1135748-27631-382x228.jpg 382w" sizes="(max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 60vw, (max-width: 1362px) 62vw, 840px" /></figure>The <a href="https://www.nbcnews.com/politics/2024-election/live-blog/presidential-election-trump-harris-2024-live-updates-rcna178894" target="_blank" rel="noopener">recent election victory of Donald Trump</a> has ignited optimism within the cryptocurrency industry, setting the stage for what many experts are calling the “Golden Age of Crypto.” Matthew Hougan, CIO of Bitwise, outlined in a memo how Trump’s pro-crypto administration could reshape the regulatory landscape, providing a powerful boost to Bitcoin (BTC) and the broader digital asset market. This “Golden Age of Crypto” promises regulatory clarity and market expansion, fueled by Trump’s supportive stance on digital assets. <h2>Bitcoin Surges as Investors Eye New Opportunities</h2> <a href="https://cryptocurrencynews.com/market-news/trumps-win-sparks-record-bitcoin-rally-in-crypto/">Crypto markets reacted strongly</a> to Trump’s electoral victory, with Bitcoin hitting an all-time high of $75,650. Trump’s pro-crypto stance and policy shift promise a favorable environment for digital assets, and this sentiment has spurred Bitcoin’s rally. As of press time, Bitcoin was trading at $75,300, reflecting a 7.69% increase over the past 24 hours. Matthew Hougan highlighted how Trump’s victory has the potential to end years of regulatory obstacles, opening doors for digital currencies to flourish. With rising institutional interest and the upcoming 2024 Bitcoin halving event, Bitcoin is positioned for sustained growth under Trump’s leadership. <h2>Regulatory Relief for the Crypto Industry</h2> Under the previous administration, the U.S. Securities and Exchange Commission (SEC) pursued a stringent “regulation by enforcement” approach, targeting crypto firms with lawsuits and stifling the sector’s development. According to Hougan, this adversarial stance significantly hindered growth, limiting the potential of the entire crypto industry. The SEC’s combative approach drew criticism from industry leaders and even some commissioners, like Hester Peirce, who argued that the agency’s approach was a “disaster” for the crypto sector. Trump’s win has sparked optimism for a regulatory shift, with new leadership at the SEC likely to adopt a more supportive stance toward digital assets. Hougan anticipates that a Trump-led administration will bring an end to restrictive practices, including policies like “Operation Choke Point 2.0,” which discouraged banks from engaging in crypto-related activities. With a regulatory reset, crypto companies could thrive without unnecessary restrictions, laying the groundwork for mainstream adoption. <h2>Institutional Investment on the Rise</h2> Institutional demand for crypto assets, particularly Bitcoin, has continued to grow despite previous regulatory constraints. Hougan pointed out that over $23 billion in inflows have entered Bitcoin exchange-traded funds (ETFs), signaling robust institutional interest. Large financial firms and hedge funds are beginning to view crypto as a valuable addition to their portfolios, which could accelerate with increased regulatory support. Additionally, the April 2024 Bitcoin halving and growing real-world applications of digital assets—such as stablecoins and decentralized finance (DeFi)—are strengthening Bitcoin’s position as a valuable asset. In a macroeconomic environment characterized by rising U.S. debt and potential interest rate cuts, Bitcoin’s appeal as a “must-have” asset for inflation protection is even stronger. <h2>A Disciplined Approach to Crypto Investments</h2> While the “Golden Age of Crypto” presents tremendous opportunities, Hougan advised investors to approach the market with caution. Despite a more supportive regulatory environment, not all crypto projects are expected to thrive. As the industry matures, many projects could face challenges in proving their long-term value. Hougan recommended that investors carefully evaluate projects, focusing on those with strong fundamentals and practical use cases. This disciplined approach could help investors capitalize on the most promising projects while avoiding those that may falter as competition intensifies. <h2>The Golden Age of Crypto</h2> The Trump administration’s favorable stance toward crypto marks a turning point for digital assets in the U.S. A more predictable regulatory environment could attract greater institutional interest and lead to broader mainstream acceptance. With reduced barriers, the crypto market could experience unprecedented growth, allowing innovative projects to flourish. For early adopters and investors willing to navigate this evolving landscape, the outlook is optimistic. The “Golden Age of Crypto” may indeed offer a historic opportunity for growth and transformation in the digital asset space. <h2>Conclusion</h2> Trump’s victory has set the stage for a potential “Golden Age of Crypto” in the U.S., with Bitcoin and other digital assets primed for growth under a more supportive regulatory framework. As the crypto market prepares for a new era of innovation and adoption, investors and institutions alike stand to benefit from the opportunities ahead. With regulatory relief and strong fundamentals, the crypto industry’s future has never looked brighter. Featured Image: Freepik @ produtizebro <a href="https://cryptocurrencynews.com/disclaimer">Please See Disclaimer</a>
Cybercrime Marketplace Crumbles as Authorities Seize Hidden Crypto Stash

Fri, 22 Nov 2024 04:30:30 -0000

The U.S. Justice Department has announced the seizure of Popeyetools, a cybercrime marketplace, and unmasked its role in illicit cryptocurrency transactions. Administrators Abdul Ghaffar, Abdul Sami, and Javed Mirza were charged with selling stolen financial data and facilitating crimes involving ransomware and fraud. Since 2016, Popeyetools generated $1.7 million in revenue, partly from cryptocurrency payments, […]
Russia’s Foreign Trade Defies Western Sanctions, Official Claims

Fri, 22 Nov 2024 03:30:33 -0000

Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian Finance Minister Anton Siluanov has claimed that Western sanctions will not hinder Russia’s foreign trade. Speaking in an interview with Nailya Asker-Zade on the Rossiya-24 […]
Solana ETF Momentum Grows Amid Reports of SEC Engagement

Fri, 22 Nov 2024 02:40:43 -0000

The SEC’s reported progress on Solana ETF filings and potential leadership changes have sparked optimism, signaling a possible shift in cryptocurrency investment regulations. Solana ETF Filings Spark New Hope Discussions about a solana (SOL) spot exchange-traded fund (ETF) between the U.S. Securities and Exchange Commission (SEC) staff and prospective issuers are reportedly moving forward, according […]
Bitcoin Smashes Records: Hashrate Hits 776 EH/s as Price Soars Closer to $100K

Fri, 22 Nov 2024 02:10:54 -0000

Based on the most recent data using the seven-day simple moving average (SMA), bitcoin’s hashrate climbed to an unprecedented peak on Nov. 21, reaching 776 exahash per second (EH/s) for the very first time. Bitcoin’s Computational Power Hits Stratospheric Levels On Thursday, bitcoin (BTC) soared to a fresh all-time high, hitting $99,121 per coin. This […]
Global Asset Manager Launches XRP ETP With Industry-Leading Pricing in Europe

Fri, 22 Nov 2024 01:30:56 -0000

XRP advances with a new institutional-grade exchange-traded product, offering secure, physically backed exposure as Wisdomtree expands crypto products amid growing investor interest. XRP Gains Ground: Major ETP Launched by a Top European Asset Manager Asset management firm Wisdomtree announced on Thursday the launch of its latest cryptocurrency exchange-traded product (ETP), the Wisdomtree Physical XRP (XRPW), […]
US Senator Pushes Gold Sales to Kickstart Massive Bitcoin Reserves

Fri, 22 Nov 2024 00:30:28 -0000

A U.S. senator has proposed selling gold reserves to create a strategic bitcoin reserve, a revolutionary move to bolster the dollar and tackle U.S. national debt. Selling Gold for Bitcoin: US Senator’s Game-Changing Proposal U.S. Senator Cynthia Lummis (R-WY) shared insights during a Thursday interview with CNBC as bitcoin reached a historic peak. She attributed […]
Financial Giant Charles Schwab Signals Big Moves in Crypto Trading

Thu, 21 Nov 2024 23:30:08 -0000

Charles Schwab is preparing to launch spot cryptocurrency trading as U.S. regulations evolve, with leadership signaling optimism amid a shifting regulatory and competitive landscape. Charles Schwab Eyes Major Crypto Expansion as US Regulations Evolve Rick Wurster, the incoming CEO of Charles Schwab Corp., has revealed the company’s readiness to offer spot cryptocurrency trading, pending favorable […]
SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Thu, 21 Nov 2024 22:30:14 -0000

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission, is set to step down on January 20, 2025. Gensler Exits Before Trump Takes Office U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler will step down on Jan. 20, 2025, paving the way for President-elect Donald Trump’s nominee. Gensler’s departure ends a tenure marked […]
Microstrategy Completes $3B Debt Offering to Expand Bitcoin Holdings; Shares Drop 16%

Thu, 21 Nov 2024 22:05:46 -0000

Microstrategy has finalized a $3 billion convertible note offering, further bolstering its position as a leading bitcoin (BTC) holder with 331,200 BTC now valued at $32.519 billion. Microstrategy Finalizes Convertible Notes Sale Worth $3 Billion Microstrategy Incorporated (Nasdaq: MSTR), known for its significant bitcoin (BTC) investments, has completed a $3 billion offering of convertible senior […]
Reuters: Trump Team Mulls Bitcoin Reserve—Peter Schiff Warns of ‘Wasted Billions’

Thu, 21 Nov 2024 21:35:59 -0000

According to Reuters, President-elect Donald Trump’s incoming crypto advisory council is reportedly considering establishing a strategic bitcoin reserve. This idea sparked a response from economist and gold bug Peter Schiff, who shared his perspective on the concept of a BTC reserve. Trump’s Transition Reportedly Eyes Bitcoin Reserve, Schiff Fires Back at Fiscal Misstep On Thursday, […]