Cryptocurrency

He also warned crypto investors about Bitcoin scams. In the meantime, Bitcoin is approaching the $65,000 level.It also discusses “the growth opportunities for $MSTR as a leading public issuer of Bitcoin-backed securities,” according to Saylor.The crash course consists of two sections; one is a transcript of Saylor talking about Bitcoin with MicroStrategy’s managing director and senior analyst Gautam Chhugani. The second section is a number of slides with infographics and brief theses about Bitcoin, its high performance over the past 14 years and the performance of other assets – conventional ones – on the market.Saylor stated in it that Bitcoin has been the most profitable asset in 11 out of the 14 past years and that it greatly surpasses monetary inflation with its 49% growth since 2011, while some other assets do that as well but show a much smaller increase: Nasdaq (17.9% rise), US Growth fund (15.4% growth) and US Large Caps (SPY) with a 13.3% increase. The rise of the latter is exactly equal to the monetary inflation level.He stated that he would never ask the community to send him cryptocurrency so that they can receive it back from him later. Saylor recommended that users educate themselves on how to identify crypto scams: “I encourage all individuals to educate themselves on cryptocurrency scams and how to identify them.”In the past, however, scammers have frequently used fragments of Saylor’s videos where he talks about Bitcoin to lure cryptocurrency users into scams on YouTube.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce a new World Series of Trading (WSOT) side challenge with two new prize pools for fiat users. In addition to the 10,000,000 USDT total prize pool of WOST 2024, new joiners and traders of Bybit Fiat can now sign up to divide up rewards up to 28,800 USDT.From now to Nov. 4, 10AM UTC, Bybit users may register for one or both of the following challenges:Event 1: Beginner Fiat DepositBybit is giving away 20,000 USDT to new users of its fiat offerings. The first 2,000 users who make a first-time deposit of at least $100 via Bybit’s One-Click Pay, P2P, or Fiat Deposit will be rewarded with a bonus 10 USDT. Event 2: Fiat Trading CompetitionUsers may also step up their game in the Fiat Trading Competition to turn their trading skills into bonuses. Based on performance, the top 50 traders will share a 8,800 USDT prize pool.Check out the Fiat x WSOT Challenge event page for details and terms and conditions. #Bybit / #TheCryptoArk / #WSOT2024About BybitBybit 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 (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit Press For media inquiries, please contact: [email protected] more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony [email protected] article was originally published on Chainwire More

Bybit, the world’s second-largest crypto exchange by trading volume, is thrilled to announce the continued growth and expansion of its innovative liquid staking token, bbSOL. As Bybit’s inaugural Liquid Staking Token (LST), bbSOL continues to offer users a seamless, secure way to stake SOL and earn competitive rewards.The rapid adoption of bbSOL has propelled its total locked value beyond 100 million USD in a short span. Beyond staking rewards, bbSOL holders can now further enhance their earning potential through three key opportunities:#Bybit / #TheCryptoArk About BybitBybit 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 (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: [email protected] more information, users can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony [email protected] article was originally published on Chainwire More

Schiff sarcastically responded with a similar comment, still maintaining his standard anti-Bitcoin stance. He chose not to purchase any Bitcoin for winning. This response started a discussion about his true motivations and whether he is interacting with pro-Bitcoin audiences by taking advantage of Bitcoin’s fame. Schiff clarified in response to a user who pointed out that his opposition to Bitcoin appears to be a ploy for media attention: “I don’t own any. I would come out in favor of Bitcoin if my objective was engagement.” In spite of what he says, it is clear that Schiff’s ongoing criticisms of Bitcoin have generated a lot of interest from the cryptocurrency community.He remains relevant in the conversation because well-known proponents of Bitcoin respond to his comments on a regular basis. Irrespective of his Bitcoin holdings, Schiff is undoubtedly reaping the rewards of his unconventional approach. In terms of Bitcoin’s current status, it has recovered above $64,000, following a decline below $60,000 earlier this month.A number of factors, such as institutional support and market sentiment, are probably linked to the price surge. Right now, traders are keeping an eye on the key resistance levels, which are located between $64,000 and $65,000 as Bitcoin trades within an ascending channel. Up until then, volatility is something to take into account, but breaking these levels might point to a more robust upward trend.To put it briefly, Schiff is still using his opposition to Bitcoin to his advantage in order to stay relevant, even as the price of Bitcoin continues to rise. Both Bitcoin supporters and detractors are keeping a close eye on the gripping story that is being created by the continuous conflict between Schiff’s criticisms and Bitcoin’s determination.This article was originally published on U.Today More

Then he referred readers to his aforementioned book, “Rich Dad Poor Dad,” and some of the important statements about the U.S. dollar and other assets that used to hold up the U.S. economy in the past.In those pieces of advice, Kiyosaki stated that truly rich people do not save “fake US dollars” and that “your house is not an asset.” The third pieces of advice, which mirrored the first one, was essentially, “Savers are losers.” Since the dollar is not backed by gold and has been greatly devalued over the past decades, it is pointless to save dollars, and a house is not an asset since real estate can easily crash (as happened in the 2008 crisis, when the mortgage bonds’ market collapsed); besides, when receiving a mortgage, one gets in long-term debt with the bank.Kiyosaki believes that financial education is very important since it helps one to navigate the sea of finance and withstand multiple difficulties and crises that often rise in this easily changeable sphere.Kiyosaki believes that the most stable assets are gold, silver and Bitcoin. Even they can crash, though, he admits. However, he tweeted that he would still continue to by BTC cheaply: “Obviously, I will be buying all the Bitcoin I can, as well as other assets, at bargain basement prices.”This article was originally published on U.Today More

Thanks to a report from Whale Alert, dormant address “1PNRpMZ” containing 18 BTC has been activated after almost 11 years. The early Bitcoin investor, who was last active in November 2013, has transferred part of their coins to two other new addresses “3EgCi” and “15UaJb.”These may be test transactions, and the choice of address type is interesting, as usually such transfers happen to new type “bc1,” but this particular investor chose the types 3 and 1 of BTC addresses.Long story short, Legacy addresses start with 1 and are in the original format offer basic functionality but less efficiency. P2SH addresses start with 3 and allow for more complex transactions, such as multi-signature wallets. Bech32 addresses, starting with bc1, are the latest format, optimized for Segregated Witness (SegWit) transactions, offering lower fees, better scalability and improved network efficiency.Thus, our early investor opted for the original 1 format of Bitcoin addresses. Meanwhile, the bulk of their wallet, now estimated at $1.15 million, resides in the “1PNRp” address. Imagine that, in 2013, it cost the unknown investor only $10,883 to acquire 18 BTC, and now they see a 10,408% profit on their holdings.On average, that is a 946.2% return on investment for every year held.This article was originally published on U.Today More

Strategic Investment Propels PiP World’s Mission to Transform Financial Education Through Innovative Web3 Gaming and EdTech SolutionsPiP World, a pioneering Web3 gaming and EdTech ecosystem, has secured $10 million in seed funding from Exinity, a leading global fintech firm. This investment represents a key milestone in PiP World’s mission to revolutionize financial education, transforming it into an engaging and gamified experience that’s accessible to users at all levels. Exinity, headquartered in the UAE with offices in the United Kingdom and Cyprus, is regulated across multiple jurisdictions, including the ADGM Financial Services Regulatory Authority in Abu Dhabi.Pip World blends engaging gameplay with personalized learning to empower users globally. Key offerings include PiP Trader, a strategy management simulator game for building trading portfolios; PiP Academy, a gamified app that simplifies financial concepts; and StockRise, Roblox’s top-grossing stock simulator, now integrated into the PiP World ecosystem.PiP World’s integration into the Web3 gaming ecosystem is particularly timely given the Middle East’s growing prominence in this sector. The UAE, especially Dubai, is rapidly positioning itself as a global hub for Web3 gaming. With the region set to attract up to 100 million gamers and create a market worth an estimated $1 billion by 2025, PiP World is at the forefront of this transformation.With the backing of Exinity and the integration of StockRise into its ecosystem, PiP World is well-positioned to lead the charge in gamified financial education. The platform’s unique blend of gaming, education, and Web3 technology offers a powerful tool for individuals looking to build financial literacy and achieve financial freedom.Exinity Group is a global fintech powerhouse committed to empowering the next generation of investors. With decades of experience in trading and investment, Exinity operates successful retail brands, including ForexTime (FTXM) and Nemo, serving over two million clients across 180 countries. The group’s focus on developing economies in Asia, the Middle East, and Africa, coupled with its commitment to fostering financial success, aligns seamlessly with PiP World’s vision.About Pip World:Backed by Exinity, one of the world’s leading fintech organizations, PiP World will leverage Exinity’s extensive network, including access to its 5 million-strong trader user base and 500,000 monthly active users across Alpari and FXTM. PiP World offers a platform with simplified, visualized, personalized, and gamified experiences that appeal to both novice and seasoned traders alike.The PiP World ecosystem features several unique offerings:About ExinityExinity Group (https://group.exinity.com/) is a global fintech business dedicated to providing a new generation with the freedom to succeed. From its roots in FX brokerage, Exinity is creating and developing a unique range of innovative trading and investing products, using proprietary platforms and original concepts to attract new customers who want the freedom financial independence can bring – but for whom traditional products don’t appeal. Exinity focuses on the developing economies of Asia, the Middle East and Africa, huge markets served by a highly motivated, customer-focused and creative workforce operating out of four strategic centres.Linktree | Website | Twitter | Discord | InstagramContactHead of CommunicationsHari [email protected] article was originally published on Chainwire More

Though SHIB has had difficulty holding its position, the tightening range of the symmetrical triangle suggested a potential spike in volatility. The token’s incapacity to sustain the rally has been attributed in part to the absence of strong buying pressure.Still, there is a bright spot in the technical picture. The asset may have another opportunity to strengthen even though the breakout momentum has not materialized because the price is still above the upper line of the symmetrical triangle. The asset might try a more significant upward move if SHIB can muster enough volume and overcome the $0.000017 resistance level. Should this move not occur, SHIB might go through more consolidation or perhaps retrace back to lower support levels at $0.000015.The likelihood of a short-term recovery may be further reduced if bulls are unable to drive the price higher and the token is subject to increased selling pressure. Now traders should be watching to see if SHIB can regain momentum with key resistance levels around $0.000017 serving as important indicators to keep an eye on. In the absence of consistent purchasing support, the road to recovery could become more difficult.This level has acted as a significant psychological barrier, and the market’s recovery implies that bullish momentum may be returning. While the price of Bitcoin is strengthening, it is important to take note of the declining trading volume. Lower volume typically denotes less confidence in the direction of the price movement.This could be an indication that absent an increase in volume the current upward trend may not have enough momentum to last. Nevertheless, this low volume may be advantageous given the mood of the market as a whole, particularly in light of the asset’s recent decline.The fact that Bitcoin was able to rebound from this level indicates that there may be buying interest that could keep the asset safe from further losses.However, for BTC to validate this bullish reversal there needs to be a steady increase in buying pressure. If the sentiment of the market as a whole shifts negative, there is always a chance of another decline. However, at $60,000, Bitcoin is currently demonstrating resilience, which is good news for bulls who are anticipating a longer-term recovery.For Ethereum, the $2,400 mark seems to be both a psychological and a technical barrier, serving as a turning point where sellers have repeatedly intervened to stop further gains. Supporting this is the 50 EMA, which technical analysts frequently view as a dynamic resistance line.The market is still cautious as evidenced by the fact that ETH has been rejected three times at this point, and a breakout appears unlikely in the absence of strong buyer momentum. A more robust bullish reversal may be possible if Ethereum is able to break above $2,400. Under such circumstances, $2,600 and $2,800 would be the next important resistance levels to keep an eye on. A strong breakout could cause investors’ opinions to change and spark a rally that could push ETH back toward $3,000.On the other hand, if Ethereum is unable to muster sufficient buying momentum to overcome this barrier, it may struggle moving forward. If $2,400 is not broken, there may be a retracement and ETH may go back to the lower support levels, which are roughly $2,300 or even $2,200. Ethereum may experience additional losses if the price drops below these levels, which could cause the market to turn bearish.This article was originally published on U.Today More