Cryptocurrency

Nigel Green, the CEO of deVere Group, a prominent financial advisory organization, has projected that Bitcoin’s value could reach $150,000 by mid-2025. This forecast follows the cryptocurrency’s recent surge above $100,000, a milestone it achieved last week for the first time.According to Green, Bitcoin has seen a remarkable increase of 134% year-to-date, and he anticipates that this upward trend will continue. He had previously predicted a rise to $120,000 following the inauguration of Donald Trump, and now, with growing investor fear of missing out (FOMO) and increased institutional investment, he believes that Bitcoin’s price could soar even higher.Green attributes the resurgence of the crypto market to dual momentum from investor FOMO and institutional investment, which he says is establishing Bitcoin as a vital asset in investment portfolios. He explains that as Bitcoin reaches new heights, it generates a snowball effect where investors, eager to capitalize on gains, drive the price up and attract more participants to the market.The significant involvement of financial institutions over the past year, through direct holdings, exchange-traded funds (ETFs), and partnerships with crypto-focused companies, is considered a game-changer for Bitcoin. This institutional engagement not only injects liquidity into the market but also lends credibility, bolstering confidence among retail investors.Green also points to persistent inflation and growing geopolitical uncertainty as factors reinforcing Bitcoin’s appeal as a safe-haven asset. With traditional investments struggling to keep up with inflation, Bitcoin is viewed as a potential store of value. Additionally, global political instability is prompting investors to seek alternatives to conventional assets, further enhancing Bitcoin’s attractiveness.The Trump administration has indicated support for digital assets, with the appointment of a new chair for the SEC known for a progressive stance on cryptocurrency. This move is anticipated to promote regulatory clarity and strengthen investor confidence in the crypto space.Despite his optimistic outlook, Green does caution that the journey to $150,000 will not be without its challenges, including short-lived sell-offs as investors take profits. He notes that these market corrections are a natural part of the market cycle, contributing to more robust and sustained growth.Green’s revised prediction underscores his confidence in Bitcoin’s future, citing factors such as Trump’s presidency, a pro-crypto SEC chair, growing institutional and retail demand, persistent inflation, and geopolitical uncertainty as the drivers behind the potential rise to $150,000 by mid-2025.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

Quintes Protocol is set to redefine decentralized finance (DeFi) with its innovative no-depreciation cryptocurrency model. Now protected by a newly-secured Patent Cooperation Treaty (PCT) PCT/IB2024/061188 from the World Intellectual Property Organization (WIPO), this groundbreaking protocol offers a unique approach to perpetual asset growth, ensuring long-term value stability and positioning itself as a global disruptive force in the evolving cryptocurrency market.Rand Al Kharashi, a visionary young Saudi entrepreneur, aims to redefine the world of DeFi. By securing a WIPO PCT for the proprietary technology behind Quintes Protocol, she has reaffirmed her mission to upend the cryptocurrency market with the world’s first perpetually appreciating asset, offering a groundbreaking model for predictable and sustainable annual price growth.”The Quintes Protocol is set to revolutionize the market with its groundbreaking cryptonomics. By employing innovative mechanisms, it reimagines financial instruments, offering a compelling alternative to equities, commodities, and digital assets. This transformative approach positions the protocol to deliver competitive performance while challenging the status quo of traditional financial systems.Quintes introduces QNT, the first token designed to consistently appreciate in value, addressing challenges like unsustainable yields and asset depreciation. By leveraging an innovative over-collateralization strategy, novel cryptonomics, and AI-driven high-frequency trading, QNT ensures predictable price growth, combining scalability with long-term sustainability.The decision to file for a WIPO PCT patent underscores Al Kharashi’s commitment to protecting Quintes’ pioneering engineering on a global scale. This strategic move ensures that Quintes’ innovative protocol is safeguarded as it seeks patent protection in numerous countries, providing a robust foundation for its international expansion, future success and eventual preparation to become open source.Backed by Elite Research and TalentThe development and engineering of Quintes Protocol is grounded in rigorous research conducted by Kitabq Research Lab, which was founded by Al Kharashi. Over two years, Kitabq’s cryptonomics research has been instrumental in shaping Quintes’ architecture and mechanisms. More details on its cutting-edge research can be explored at Kitabq’s official website, www.kitabq.com. Quintes’ technical team is a powerhouse of talent, featuring elite token engineers and data scientists from industry giants like ConsenSys, Binance, Algorand, and Morgan Stanley (NYSE:MS). Collectively, this team has raised over $600 million in capital and achieved successful exits in both Web3 and Web2 domains.Anticipated Launch and Investment OpportunitiesScheduled for an official launch in January 2025, the Quintes Protocol aims to introduce its innovative DeFi platform to the market, offering stakeholders a novel approach to sustainable digital asset growth. A recent simulation test revealed Quintes’ positive performance even in bearish market conditions, highlighting its resilience and potential. As Quintes gears up for its groundbreaking debut, the team is actively seeking investment to drive its vision forward.About Quintes ProtocolQuintes Protocol is a groundbreaking decentralised finance (DeFi) platform that aims to revolutionise the world of digital assets and financial transactions. Founded by visionary Saudi entrepreneur, Rand Al Kharashi, Quintes leverages cutting-edge cryptonomics to deliver predictable and sustainable annual price growth, outpacing traditional and crypto asset classes. The patented technology behind Quintes’ novel, high-yield and fully collateralized digital asset, QNT, is secured by a World Intellectual Property Organization (WIPO) Patent Cooperation Treaty (PCT), representing a major leap forward in the DeFi space. The development of Quintes Protocol has been supported by extensive research from Kitabq Research Lab, led by Al Kharashi. For more information:• Users can visit Quintes’ official website, www.quintes.org. • Twitter: @QuintesorgContactHead of PRYousef BatterWhite Label Strategyyousef.batter@whitelabelstrategy.ioThis article was originally published on Chainwire More

KAST, a financial technology platform built on stablecoins to deliver a neobank-style experience, has raised US$10 million in seed funding. The round is led by HSG (HongShan Capital Group) and Peak XV Partners. A number of high-profile angels, partners of DST Global, and Goodwater Capital also joined the round.Stablecoins have experienced remarkable growth with over US$170 billion in supply, and US$8.5 trillion transaction volume in Q2 2024 by over 125 million users. Analysts predict by 2030; user numbers will exceed 1 billion and supply will surpass US$1 trillion.Testimonials from card usersKAST is transforming the financial-technology landscape, by offering a seamless blend of stablecoin technology with traditional payment means. The KAST platform enables USD accounts globally to 150+ countries, reaching over 5 billion people – offering a solution where banking falls short. The silky-smooth user experience is taking mainstream the openness, speed and security of stablecoins; KAST enables users to send, receive, save, and spend funds across borders efficiently. For more information, users can visit www.kast.xyz.ContactVP Global PartnershipsBasKASTBas@kast.xyzThis article was originally published on Chainwire More

The world’s largest cryptocurrency had now recouped all of its losses made over the past week, while also appearing to have broken out of a $90,000 to $100,000 trading range seen in recent weeks. Bitcoin rose 3.5% to $100,875.9 by 00:47 ET (05:47 GMT). Broader crypto prices also advanced tracking Bitcoin, although most altcoins clocked much stronger gains as risk appetite increased. The prospect of friendlier U.S. crypto regulations under a Donald Trump presidency also kept most major cryptos sitting on strong gains through the past week. Investors were seen ramping up their bets that the Federal Reserve will cut interest rates by 25 basis points next week, after consumer price index inflation data read in line with expectations. The reading still showed inflation remained sticky, raising doubts over the long term trajectory of rates. But the prospect of lower near-term rates boosted risk appetite, with Wall Street indexes also rallying to record highs in overnight trade. Lower rates bode well for speculative assets such as crypto. Technology giant Microsoft Corporation’s (NASDAQ:MSFT) shareholders voted against a proposal for the company to consider adding Bitcoin to its balance sheet this week.The proposal was put forward by a think tank- the National Center for Public Policy Research- and called on the tech giant to consider investing in Bitcoin, arguing that it was a dependable inflation hedge. But shareholders rejected the proposal, with Microsoft’s board also having recommended against its approval. The company has signaled in the past that while it does consider crypto as an investment, it prefers less volatile assets. Comments from MSTR CEO Michael Saylor, for Microsoft to adopt Bitcoin- also did little to convince shareholders. Saylor’s strategy of investing in the cryptocurrency saw Microstrategy’s stock surge 450% this year, as investors treated the company as a proxy for crypto. Broader crypto prices largely rallied in tandem with Bitcoin, recouping all of their losses over the past week. World no.2 crypto Ether rose 6.9% to $3,911.99, while XRP rose 4.1% to $2.4225. Cardano, Solana and Polygon surged between 5% and 15%, while among meme tokens, Dogecoin added 6.4%.  More

agents(dot)land announced the release of its comprehensive launchpad designed to simplify the creation, customization, and deployment of AI Agents on the Solana blockchain. Developed by Oraichain Labs and powered by Oraichain, the AI agents support numerous customizable features, including wallet creation and trading, in a no-code environment.Oraichain’s AI and blockchain infrastructure power agents(dot)land, integrating confidential compute technology to enhance privacy and security and enabling AI Agents to operate autonomously with the ability to interact with both Web2 and Web3 ecosystems. agents(dot)land is reducing barriers to AI Agent creation, utilizing Distilled AI’s Mesh platform to personalize AI Agents with unique identities, knowledge bases, and functionalities without programming expertise. Agents(dot)land unlocks diverse applications for AI Agents, enabling them to create and manage tokens, trade on decentralized exchanges, and participate in lending, borrowing, and liquidity management within DeFi ecosystems. AI Agents can also offer pay-gated services, receive tips, and autonomously manage revenue streams without human intervention. Additionally agents(dot)land platform ensures that AI Agents can directly manage expenses such as GPU usage fees, hosting, and other required services, offering unique use cases for businesses and individuals. Through a fair launch model, the project ensures fair token distribution through a community-driven bonding curve approach, minimizing risks such as token concentration and rug pulls. Confidential compute technology also secures each AI Agent’s private key in a Trusted Execution Environment (TEE), guaranteeing on-chain autonomy and enhancing security.About Oraichain Oraichain is a permissionless Layer 1 for AI-powered dApps, developed to provide multidimensional Trustworthy Proofs of AI and data reliability. With its AI Oracle (NYSE:ORCL) at the core, Oraichain is designed to provide a decentralized system for the delivery of AI-generated data to smart contracts, maximizing transparency for developers and consumers. Website | X | Telegram | Discord | GitHub | Blog | Coinmarketcap | CoingeckoContactTyree RobinsonTyree@orai.ioThis article was originally published on Chainwire More

This article was originally published on U.Today More

In the sea of debate over blockchain’s technical differences, Schwartz’s stance stands out. He says it is not Bitcoin’s technical superiority that makes it special. After all, the features of any blockchain – like scalability, low fees and energy efficiency – can be easily transferred. What makes Bitcoin special is that it has a lot of history, and it is the top proof-of-work chain in terms of economic impact.This view came up when he was talking about how Bitcoin SV (BSV) compares. BSV is all about its own advantages – unbounded scalability, near-zero transaction fees and minimal energy usage. But Schwartz stood his ground. These features are impressive on paper, but they do not tell the whole story of what makes a PoW chain valuable. If people do not have the same level of trust in it and do not use it as much, these technical benefits do not matter as much.The discussion participants also brought up some of the issues with Bitcoin, like its scalability and energy usage. Schwartz acknowledged these problems but also pointed out that even though there are debates about Bitcoin’s role as a payment system, it is still a reliable way to store value and a widely accepted financial asset. This mix of strengths and weaknesses is what makes Bitcoin special.Schwartz’s response avoided delving into these broader claims, instead focusing on Wright’s repeated legal actions. Schwartz emphasized that his concern lay in preventing the abuse of the legal system to target others, rather than silencing anyone’s views.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, renews its commitment to merchant benefits in Kenya, South Africa, and Ethiopia in a move to boost activities on the Bybit P2P platform. Commitment RewardsAn evergreen part of Bybit P2P, the long-running Bybit P2P Hiring Program rewards consistency and long-term support, offering an opportunity to earn up to 200 USDT every week. Advertisers who qualify as a long-term merchant may sign up for the program. Successful applicants will get to enjoy exclusive benefits:Bybit P2P also indicated further expansion of the weekly Top 3 Advertiser program in the coming year, with more fiat currencies to be included. The heated race comes with rewards for the top three performers each week, ranked by number of orders and by trading volume. Winners of both categories can take home up to 350 USDT each week.With its advanced infrastructure, systematic KYC and KYB verifications and protection, and robust digital asset management protocols, Bybit P2P has made strides as it approaches its third anniversary. Users can find out more about the events and eligibility at Bybit P2P.#Bybit / #TheCryptoArkAbout 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 PressFor media inquiries, please contact: media@bybit.comFor 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 AuBybittony.au@bybit.comThis article was originally published on Chainwire More