Cryptocurrency

Michael Saylor published his Bitcoin motivating tweet, hinting that Bitcoin will be widely spread in the world in the future and it is a good idea to buy it now before it is too late.“Buy the future,” he tweeted, where the “B” in the “buy” bears double strokes which makes it look like a Bitcoin mascot. The tweet also contains an AI-generated image of Saylor captured standing near a window behind which the New York City can be distinguished in the background with the Empire State building which, per Saylor, represents the future.By now, more than 19 million Bitcoins have already been mined, extracted from the cyber space. Meanwhile, spot Bitcoin ETFs (BlackRock (NYSE:BLK) and Fidelity being the leaders here), companies and financial institutions have been accumulating BTC actively over the past year. Besides, in 2024, the fourth Bitcoin halving took place, reducing block rewards from 6.25 BTC to 1.125 BTC, meaning that now there is less BTC inflowing the market.The last Satoshi (Bitcoin particle) was set to be unlocked and mined in the year 2140, according to the algorithm designed by Satoshi Nakamoto.This article was originally published on U.Today More

This article was originally published on U.Today More

Although the intention of this massive deposit is currently unknown, it usually signals potential intent to sell. This speculation sounds plausible given the asset’s value as of when the whale made the purchase.Six years ago, Bitcoin’s average price was $7,000. That is, the entire 500 BTC was accumulated at about $3,500,000. The whale’s holding has now made a staggering profit and is worth over $47 million at the current market value.As of this writing, the BTC price changed hands at $94,404.63. However, using a marked-down price of $94,400 gives a value of $47,200,000. This gives a profit margin of $43,700,000 should the whale decide to sell off the total holdings.Analysts speculate that since Bitcoin has entered its distribution phase, the whale might have decided to sell off this 500 BTC. The whale might think of raising profits for possible reinvestment in other ventures while likely just liquidating.Certified NBA legend Scottie Pippen insists that the current price movement is a bear trap artificially created to lure investors into selling. Pippen believes that BTC will soar after most people dump it on the market. Thus, he advised his followers not to sell.Whatever the reason the 500 BTC whale stirred, market watchers will track his next moves to see if selling is part of it. A large holder with 357 BTC also became active after 11 years — just before the end of December 2024.This article was originally published on U.Today More

Under the leadership of Wei Zhou, former Binance CFO, and Jeff Yew, Monochrome founder and CEO, Coins.xyz is strategically positioned to provide Australian traders with seamless access to the global digital asset economy. Their focus on adhering to Australian regulatory standards sets the stage for building trust and fostering transparency within the industry.Coins.xyz offers one of the most competitive fee structures in the Australian crypto market:When compared to other leading platforms, Coins.xyz emerges as a cost-effective choice:Lower fees provide significant savings for both novice and experienced high volume traders.Australian users can effortlessly deposit AUD directly from their bank accounts, ensuring fast and secure funding. Coins.xyz has prioritized user experience by offering an intuitive platform suitable for both beginners and advanced traders, making complex strategies easier to execute.In an industry where support can make or break user experience, Coins.xyz sets itself apart with 24/7 customer assistance. The platform guarantees faster response times compared to competitors, ensuring users have uninterrupted access to help whenever they need it.Coins.xyz’s launch in Australia marks a pivotal moment for crypto enthusiasts seeking a transparent, affordable, and intuitive trading experience. With industry-leading fees, regulatory compliance, and robust customer support, the platform is well-positioned to become a top choice for traders. More

He again used the term “Banana Zone,” which he coined in order to describe market phases in cryptocurrency.In today’s tweet, he stated that “we are still in the Banana Zone.” He tweeted that “Banana Zone Phase 1” was the price breakout last year, which has now turned into a consolidation phase, similar to the one faced by the cryptocurrency market in 2016-2017. This stage will not last much longer, Pal believes, likely talking about Bitcoin and its current price correction.After phase 1 of the Banana Zone, the cryptocurrency expert expects the market to enter “Banana Zone Phase 2,” which he referred to as “Banana Singularity,” adding that this would be altcoin season. During this period, “everything goes up (followed by a bigger consolidation)”.The final phase for this, per Raoul Pal, will be “Banana Zone Phase 3,” “when the core winners explode onto make much higher highs (concentration phase).”Currently, the digital gold is trading at $94,800 after regaining 3.14% in the past 24 hours. That rise was preceded by a massive almost-10% crash as Bitcoin plunged from roughly $102,000 on Tuesday and landed on the $91,900 price mark two days later.This article was originally published on U.Today More

“In today’s world, we see Bitcoin as a safe harbor,” said Deven Soni, CEO and Chairman of Matador. “By adding Bitcoin to our treasury, we’re not just storing value – we’re also preparing to launch new applications built on the Bitcoin ecosystem and investments that can thrive in the years ahead.”Matador plans to leverage “Bitcoin for Corporations” expertise to align internal policies, ensure regulatory compliance, and enhance the security of its Bitcoin holdings. This membership further supports the Company’s vision of exploring the use of Bitcoin to build its gold-based products.“Joining MicroStrategy’s program supports our larger goal: to optimize the future of finance with technological advancements and position it to the public markets,” said Sunny Ray, President of Matador. “We’re excited to help shape a world where Bitcoin isn’t just a store of value, but a growing, real-world tool for people and businesses.”Matador remains committed to clear communication about its Bitcoin initiatives and to working with trusted partners like MicroStrategy and Bitcoin Magazine. By integrating established frameworks for corporate Bitcoin adoption, the Company seeks to build confidence among investors, regulators, and the broader community. Matador will continue to explore additional purchases of Bitcoin at the board level via measured buying programs however this will not impact Matador’s current business strategy of launching its digital gold platform in Q1 2025. More

ChainGPT (CGPT), a pioneer in blockchain AI solutions is delighted to be listed on Binance, the world’s leading cryptocurrency exchange.The inclusion of ChainGPT (CGPT) on Binance represents an important development for both the project and the exchange’s users. ChainGPT focuses on utilizing AI to address challenges in the blockchain space, aligning with Binance’s commitment to supporting innovative technologies.This listing increases the global visibility of ChainGPT and improves the accessibility and tradability of CGPT tokens for Binance’s extensive user base. Additionally, it contributes to ChainGPT’s efforts to expand its ecosystem and provide AI-driven tools and solutions for developers and businesses.About ChainGPT Incepted in 2023, ChainGPT is a leading provider of AI-powered tools for the blockchain and Web3 industries. It emerged as a project to bridge the gap between blockchain technology and AI, creating innovative solutions for the Web3 ecosystem. Leveraging advanced AI techniques, ChainGPT enhances blockchain functionality with its tools and applications, including SDKs and APIs for automated smart contract generation, a Web3 AI chatbot, an NFT generator, and an IDO launchpad. With established partnerships and collaborations with industry leaders such as Google (NASDAQ:GOOGL), Nvidia (NASDAQ:NVDA), and BNB Chain, ChainGPT continues to pioneer efficient and user-friendly AI solutions in the blockchain space.As a relatively young but rapidly growing project, ChainGPT’s mission is to revolutionize the intersection of blockchain and AI, with a vision to unlock the potential of autonomous AI agents in Web3.Users can learn more at: https://www.chaingpt.org/General Resources:Website | Crypto AI Hub | ChainGPT Labs | ChainGPT Pad | CryptoGuard | CGPT DAO | AI NFT Generator | Staking | Blog |Community and Social Media:Twitter | Pad Twitter | Telegram | TelegramBot | Discord | Instagram | LinkedIn | YouTube | TikTokFor Media QueriesRicha | richa@chaingpt.org & Sharon | sharon@chaingpt.org To learn more about ChainGPT, users can visit the official ChainGPT.org websiteFor all inquiries, users can contact support@chaingpt.org ContactPR LeadRichaChainGPTricha@chaingpt.orgThis article was originally published on Chainwire More

In his latest post on X, the former Chicago Bulls star and now certified NBA legend warned his followers that the current decline in the price of the leading cryptocurrency is nothing more than a bear trap – an event on financial markets when a price dip is artificially created to make everyone believe that the asset is about to dump hard and open short, only to later short squeeze and liquidate all sellers with a sudden upward move. For Pippen, this is a situation where, as he says, “they want your Bitcoin and they want your crypto.” Who “they” are is not clarified, but the basketball player urges not to “get shaken out” during the current price slump. As can be seen on a chart attached to Pippen’s post, those who survive this bear trap may hope for a period of renewed optimism on the back of rising prices. All of this can lead to a “fear of missing out” among those who did not join the rally earlier and experience the euphoria. This is when, according to the chart, the price of Bitcoin will hit its peak and enter a bearish mode, ending in despair.It will be interesting to see if Pippen’s predictions come true. If he is right, the market has probably found its new, quite unexpected, prophet.This article was originally published on U.Today More