Cryptocurrency

This strategic partnership marks a significant step forward in enabling the mass adoption of XSGD across global markets, and sets a new benchmark for stable, efficient, and secure digital currency transactions. XSGD, backed 1:1 to the Singapore dollar (SGD) and fully backed by reserve assets, offers unparalleled transparency and stability for users in global markets. Unlocking Global Cross-Border Payment FlowsStablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-border payments, providing a secure and efficient alternative to traditional financial systems. With the listing of XSGD on Bitstamp, users can now seamlessly send and receive SGD-backed stablecoins across borders with confidence. This development addresses the demand for faster, more cost-effective global transactions, reducing the complexities of conventional financial systems. By offering greater financial inclusion and opening access to new markets, XSGD will drive digital asset adoption and accelerate innovation in cross-border payments. With enhanced liquidity on a global platform like Bitstamp, XSGD users can enjoy reduced transaction costs, faster settlement times, and access to competitive exchange rates for cross-border payments. This will drive greater financial inclusion and empower businesses to tap into new markets, creating a frictionless ecosystem for global commerce.XSGD will be available via Bitstamp globally, except in US and EU countries.About StraitsXStraitsX is the pioneering payments infrastructure for the digital assets space in Southeast Asia. StraitsX is a Major Payment Institution licensed by the Monetary Authority of Singapore and offers personal and business account holders to mint and redeem StraitsX stablecoins, manage payments as well as connect their accounts to digital asset platforms. Business accounts can also access B2B API-enabled payment rails for digital asset platforms.About BitstampBitstamp is the world’s longest-standing cryptocurrency exchange, continuously providing safe and open access to crypto since 2011. With a proven track record and mature approach to the industry, Bitstamp provides a secure and transparent trading venue to over five million individuals and is the preferred choice for a range of institutional clients seeking a trusted partner to participate in crypto markets. Bitstamp is a sector leader in both security and compliance, with more than 50 licences and registrations secured with financial regulators across the globe. More info is available at https://www.bitstamp.net/ [email protected] article was originally published on Chainwire More

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Given recent trends, CryptoQuant analyst J.A Maartunn has shared an analysis that hinted at the potential rally of BTC moving forward.”Hash Rate is one of Bitcoin’s most fundamental metrics. It measures the amount of computing power being contributed to the Bitcoin network, expressed in TH/s. Currently, it sits at an impressive 683 million TH/s,” he said in a post on X.He also highlighted the sustained efforts of current Bitcoin miners to get in the game despite the challenges associated with mining the coin. This resolute pursuit of the remaining Bitcoin in circulation is one reason why he is bullish in the long term.Companies around the world are making many gestures in line with their trust in Bitcoin’s price trajectory. Metaplanet has once again topped its bag with over 100 BTC, the same amount it has done over the past few months.Besides direct acquisition, institutional buyers are also gaining exposure to BTC through spot Bitcoin ETF products in the U.S., the U.K. and Hong Kong, among other places.This article was originally published on U.Today More

According to Cowen’s outlook, Bitcoin is likely to avoid a more significant retracement as long as it stays above this band. The 20-week simple moving average (SMA) and the 21-week exponential moving average make up the bull market support band, which is an important level that represents the overall sentiment of the market. Throughout past bull runs Bitcoin has frequently rebounded from this area, indicating that a correction is complete and that additional upward momentum is probably ahead. However, there are reasons for caution when interpreting Cowen’s optimism. Bitcoin has previously shown volatility in this band; wicks below these levels frequently cause traders to experience brief panic attacks.Regaining the band is a positive development for Bitcoin, but it does not necessarily mean a quick rebound. Given the macroeconomic unpredictability and comparatively low trading volume on the current market, it is possible that Bitcoin will encounter resistance in the upcoming weeks. Furthermore, as evidenced by recent price action, Bitcoin is still stuck in a range and has not been able to break above significant psychological barriers like $65,000.A further risk that could affect risk assets, including cryptocurrencies, is the possibility of the Federal Reserve tightening its monetary policy. To sum up, even though Benjamin Cowen’s forecast offers a bullish viewpoint, based on past performance around the bull market support band, it is crucial to exercise caution. For a more convincing rally, Bitcoin must hold its current position above the support band, while the market continues to face external pressures.This article was originally published on U.Today More

While many are looking forward to a possible revelation of one of the most mysterious individuals of the 21st century, Pomp is in the camp of those who think that nobody will ever be able to say for sure who this person (or group of people) is/was – and perhaps that’s all for the better.In his tweet, Pompliano stated: “The world is better off not knowing who Satoshi Nakamoto was.”Many commentators agreed with Pomp, among them famous crypto blogger Lark Davis, who said, “Some stones are best left unturned.” The crypto community responded keenly to Pompliano’s tweet, some agreeing with him, some saying that Satoshi made Bitcoin with a group of other developers, some supporting the conspiracy theory that Satoshi worked either for the CIA or for the Chinese intelligence service.As reported recently, the majority of bet makers on the Polymarket prediction platform believe that the most likely candidate for Satoshi was Len Sassaman, an early cypherpunk, expert in cryptography and an advocate of decentralization and online privacy. However, he tragically took his own life in 2011.The fact that Satoshi published his last message on the BitcoinTalk forum about stepping away to work on other projects adds to the speculation that Satoshi was none other but Sassaman. One of the other candidates is the founder and CEO of Blockstream, and the creator of Hashcash, Adam Back.Back was mentioned in the Bitcoin whitepaper published in 2008, and Satoshi also exchanged emails with him while working on BTC. Back has denied many times being the Bitcoin inventor. In light of the approaching HBO documentary release, he tweeted again that he is not Satoshi, adding: “But also the documentary will presumably be wrong, as no one knows who Satoshi is.”Dogecoin cofounder Billy Markus recently tweeted that he would probably be “underwhelmed and disappointed” by “Money Electric: The Bitcoin Mystery” when he sees it since he does not expect it to reveal Satoshi’s real identity.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the expansion of its Launchpool platform with the introduction of ecosystem token pools. Building on the success of earlier integrations such as Mantle, Bybit Launchpool now supports the SUI pool, marking a significant step towards broader ecosystem support and offering more targeted opportunities for token holders.This new initiative reflects Bybit’s long-term commitment to fostering blockchain ecosystems. The inclusion of SUI as Bybit’s first-ever ecosystem native token pool comes at a time of positive development for the project, aiming to give users greater flexibility and aligning with the needs of the SUI ecosystem.For more information and to participate in Bybit Launchpool, readers can visit Bybit Launchpool : https://www.bybit.com/en/trade/spot/launchpool#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, readers can please visit Bybit Press. For media inquiries, readers can please contact: [email protected] more information, readers can please visit: https://www.bybit.comFor updates, readers can please follow: Bybit’s Communities and Social MediaContactHead of PRTony [email protected] article was originally published on Chainwire More

VENKO, an alien-themed meme coin launched on the Solana blockchain, has seen early traction with notable achievements, including listings on CoinMarketCap and CoinGecko and an all-time high market capitalization of nearly $3 million on Raydium. Aims to stand out in the competitive meme coin landscape, VENKO integrates its extraterrestrial theme with planned utility-driven platforms such as Alienium and UAPsnap.Unique Concept and Growing EcosystemWhile VENKO draws inspiration from successful meme coins like DOGE, SHIB, and PEPE, it aims to distinguish itself by offering a comprehensive ecosystem centered around extraterrestrial interests. The development team has outlined a roadmap designed to establish VENKO as a leading player in the meme coin market, leveraging its alien theme alongside broader cultural interest in UFOs and unexplained phenomena.Alienium: A Social Hub for UFO and Alien EnthusiastsAlienium, VENKO’s upcoming social platform, is set to serve as a hub for individuals interested in UFOs, aliens, and other unexplained phenomena. Final testing is reportedly complete, and the platform will feature various community-driven activities, including:UAPsnap: Capturing the UnseenIn addition to Alienium, VENKO is developing UAPsnap, a platform dedicated to reporting and analyzing unidentified aerial phenomena (UAP). Users will be able to capture and share sightings, analyze data, and connect with others interested in tracking unexplained aerial events. The platform is part of VENKO’s broader strategy to provide utility beyond the meme coin hype by appealing to the growing community of UFO and extraterrestrial enthusiasts.A New Era of Meme CoinsVENKO isn’t just about memes and hype. It’s building a long-term strategy, with goals of reaching 10,000 holders and beyond. Plus, it’s surrounded by experienced industry veterans, including those from leading social media platforms like Facebook (NASDAQ:META), helping shape VENKO’s platforms into the go-to hub for alien and UFO enthusiasts.With accelerated marketing and growth campaigns in the pipeline, VENKO is positioning itself to be the No.1 alien meme coin.Roadmap and Future PlansAs VENKO continues its development, the project’s roadmap includes significant milestones such as the launch of its first centralized exchange (CEX) listing on BitMart. The team, which includes veterans from leading social media platforms like Facebook, has also announced plans to grow the community to 10,000 holders through targeted marketing and community engagement efforts. Airdrops and other community-focused rewards are also planned as part of VENKO’s long-term strategy to incentivize user participation and drive adoption.Looking Ahead: 2024 and BeyondWith ongoing platform development, public tranding, and community-building initiatives, VENKO aims to position itself as a prominent player in the meme coin space, targeting UFO enthusiasts and crypto users alike. The project’s focus on building real-world utility through platforms like Alienium and UAPsnap sets it apart from other meme coins, as it seeks to create a sustainable, community-driven ecosystem.About VENKOVENKO is a meme coin built on the Solana blockchain, combining extraterrestrial themes with real-world utility. It offers unique platforms like Alienium, a social hub for UFO enthusiasts, and UAPsnap, a platform for tracking aerial phenomena. The project aims to become a leading meme coin in the cryptocurrency space by integrating community-driven initiatives with long-term utility.Users can join the VENKO movement today, and get involved with the new alien leader!ContactMrMarcus [email protected] article was originally published on Chainwire More

Bybit, the world’s second-largest crypto exchange by trading volume, is pleased to announce the appointment of seasoned banker Shunyet Jan to head its derivatives division. This appointment underscores Bybit’s commitment to investing in talent that drives innovation and sustains its leadership in its derivatives business.Supporting Growth Amidst Industry ChangesShunyet Jan joins Bybit during a transitional time in the crypto industry, where regulatory landscapes are shifting, and new opportunities are emerging. With his decades-long expertise spanning both traditional and digital markets, Shunyet is positioned to lead Bybit’s derivatives division into its next phase of growth.In his new role, Shunyet will oversee the growth of Bybit’s derivatives business, which includes perpetuals, futures, and options. With his extensive experience in both Wall Street and high-frequency trading in Asia, Shunyet will help refine Bybit’s offerings to meet the evolving demands of institutional and retail traders alike. His leadership will be instrumental in further solidifying Bybit’s position as a market leader, offering products designed for a rapidly advancing crypto space.Shunyet’s career began on Wall Street, where he held key positions at various investment banks, specializing in program trading, ETFs, and index arbitrage. His transition to Asia led him into the fast-paced world of algorithmic and high-frequency trading, before eventually turning his focus to institutional crypto markets. His cross-disciplinary experience across traditional and digital finance makes him a valued leader as Bybit continues to bridge the gap between the two worlds.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 (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, readers can please visit Bybit Press For media inquiries, readers can please contact: [email protected] more information, readers can please visit: https://www.bybit.comFor updates, readers can please follow: Bybit’s Communities and Social MediaContactHead of PRTony [email protected] article was originally published on Chainwire More