Cryptocurrency

Backed by Winklevoss Capital and co-owned by McCormack, Real Bedford FC has big ambitions. Since McCormack took over the club in 2021, he has aimed to propel Bedford FC into the English Football League, and eventually the Premier League. This vision led to the recent name change to Real Bedford FC and adoption of Bitcoin earlier this year.As of now, the club now holds 82.7 BTC in its treasury, bought at an average price of around $64,925 per Bitcoin. Not all of them are untouchable, though, as 15.8 BTC were set aside for soccer-related expenses.The crypto world took notice of this strategic investment. Michael Saylor from MicroStrategy gave a nod of approval with a “Real ₿edford” comment, while Hunter Horsley of Bitwise called McCormack a “legend.”With Bitcoin’s value on the rise, especially in the last two weeks, Real Bedford FC’s approach sets them apart as forward-thinkers in the football world. The funds from this investment will be used to improve facilities and support community-building initiatives, ensuring the club’s growth and sustainability.This article was originally published on U.Today More

The pseudonymous artist Mr. Black, is about to reveal an Epic 21,000-Piece Ordinal Collection on Bitcoin, proclaiming Divine Inspiration and Potential to Usher in Messianic AgeMr. Black, the elusive and mysterious artist, is set to release a revolutionary 21,000-piece ordinal collection inscribed on Bitcoin, designed to last for eternity. This monumental project, years in the making, is driven by Divine prophecy received on Thanksgiving Night 2023. According to Mr. Black, God took control of the “Eyes Are Always Watching” art collection, embedding within it a central message: “Fear God, not man.” The collection promises to unveil numerous Biblical and mystical secrets that could alter the course of humanity and bring about the Messianic Age.Newsworthy for its unprecedented scale and bold claims, Mr. Black’s collection incorporates over 1,000 commands to the Bitcoin protocol. The pieces will be sold through a Dutch auction, with the artist prepared to risk everything for the chance of either hitting the $1 billion mark or ending up with nothing. Details of this high-stakes auction will be announced via X. Mr. Black asserts that this collection will not only transform the art world but also emphasize the primacy of divine reverence over earthly power.About Mr. BlackMr. Black is a mysterious artist known for his cryptic global street art. His latest project is a 21,000-piece ordinal collection on Bitcoin, claimed to be divinely inspired after a prophecy in 2023. The collection, “Eyes Are Always Watching,” emphasizes “Fear God, not man” and aims to reveal secrets that could change humanity and usher in the Messianic Age.ContactMr Blackmrblack@theeyesarealwayswatching.comThis article was originally published on Chainwire More

Market type: Bitcoin’s score on the market type metric is currently at 7, which is the same as it was last week but much lower than the 52-week average of 41. Compared to the volatility of the previous year, this suggests a comparatively stable market environment.Market risk: The environment is low-risk, as shown by the market risk indicator staying at zero. This represents a significant decline from the high-risk score of 50 last week and below the 52-week average of 22. This implies that in comparison to earlier this year, Bitcoin is now considered a safer investment option.Price momentum: A bearish attitude is indicated by the price momentum metric, which reads -24. Even though this is still negative, it is better than the -60 from the previous week, showing a generally positive dynamic. The 52-week average is 18, indicating that even though the momentum is negative in the near term, there may be cause for hope when it turns positive.On-chain fundamentals: With a score of 54, this area of the market is neutral. The 52-week average of 52 is in line with this score, which is similar to the one from last week. Based on the activity and health of the network, this stability in on-chain fundamentals points to a balanced outlook and a recovery potential for BTC.Unfortunately, the market started this week on the wrong foot, with numerous assets entering minor corrections. Things may still improve since, usually, it takes a few days for inflows to kick in.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is celebrating explosive growth alongside 37 million loyal users. In a rousing biannual keynote address, Bybit CEO Ben Zhou unveiled the exchange’s remarkable achievements and ambitious vision for the future, fueled by the unwavering support of its global community.Bybit is experiencing growth. The exchange has secured its position as the world’s #2 Spot crypto market and #3 Derivatives market (by trading volume), solidifying its leadership in the industry. This phenomenal growth is further amplified by a thriving VIP program boasting over 90,000 satisfied members who enjoy exclusive perks and dedicated offline events.Championing User Experience and SecurityBybit goes beyond numbers; their focus is on empowering users through innovation. Their innovative Bybit Web3 service bridges the gap between self-custody, decentralized Bybit Wallet, and the familiar convenience of a centralized exchange. This translates to a seamless user experience while granting the freedom to explore the exciting world of Web3.Further solidifying their commitment to user education, in the first half of 2024 (H1), Bybit hosted a phenomenal 24 livestream sessions garnering over 30 million views, providing the Web3 community with a platform to learn, trade, and connect with industry experts and enthusiasts. Bybit offers a comprehensive educational program, a free AI assistant (TradeGPT), and exclusive trading tools like the Future Combo Trading Bot – all designed to equip newcomers with the knowledge and confidence to navigate the crypto landscape with ease.Security remains paramount in Web3, and Bybit takes it seriously. They’ve implemented a robust suite of advanced risk control measures, including features like one-click account freeze, biometric and Telegram notifications, and cutting-edge AI-powered live face and virtual camera detection to ensure the safety and security of user’s assets.Expanding Horizons: Global Compliance and the Bybit CardBybit is taking decisive steps towards global expansion. With a MiCA license on the horizon for Europe and applications submitted in other key jurisdictions, Bybit is demonstrating its dedication to regulatory compliance.The Bybit Card continues to break new ground, recently launching in Argentina. This revolutionary card seamlessly integrates with Google (NASDAQ:GOOGL) and Apple (NASDAQ:AAPL) Pay, allowing users to spend their crypto anywhere Mastercard (NYSE:MA) is accepted. With multi-asset spending options and automatic conversion to local currency, the Bybit Card offers unmatched convenience and up to 10% cash back on purchases.Building a Future Powered by CryptoBybit is steadfast in its mission to make crypto accessible and beneficial for everyone. With a focus on regulatory compliance, cutting-edge Web3 services, and unparalleled user engagement programs, Bybit is leading the charge towards a future brimming with the transformative power of crypto.About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 37 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: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

NPC Labs sets sights on bringing 3 billion gamers onchain and expanding blockchain use casesNPC Labs announces a US$18 million Seed Round led by Pantera Capital, totaling $21 million including Pre-Seed funding. The round also includes notable investors Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle EcoFund. NPC Labs aims to accelerate the onboarding and development of gaming onchain as a core contributor to B3.fun, a groundbreaking horizontally-scaled gaming ecosystem built on Coinbase’s L2 network, Base. Founded by Base’s former business and ecosystem development team, NPC Labs is poised to supercharge gaming on Coinbase (NASDAQ:COIN)’s L2 network, accelerating Base’s ambitious mission to bring a billion users onchain and restoring economic freedom for game creators and enthusiasts.About NPC LabsFounded by Base’s former core team, NPC Labs is poised to supercharge gaming on Coinbase’s L2 network. NPC Labs is a core contributor to B3.fun, a groundbreaking horizontally-scaled gaming ecosystem built on Base. Passionate about the Base ecosystem, NPC Labs is helping scale the network for the next generation of onchain gamers. We envision the future of onchain gaming as a seamless, open ecosystem that shifts the paradigm of ownership & incentives for the gaming ecosystem. Learn more about NPC Labs at https://npclabs.org/. About B3.funB3.fun, governed by the Player1 Foundation, is a groundbreaking horizontally-scaled gaming ecosystem built on Base, Coinbase’s L2 network. Designed for seamless and scalable gaming experiences, B3 supports a variety of EVM chains and offers unrivaled infrastructure for game developers. Learn more at https://basement.fun. Follow B3’s latest developments on X (Twitter), Tumblr, and Warpcast.Developers can head to https://docs.b3.fun/ and learn more about building games onchain.About Pantera CapitalPantera Capital is the first institutional investment firm focused exclusively on bitcoin, other digital currencies, and companies in the blockchain tech ecosystem. Pantera launched the first cryptocurrency fund in the United States when bitcoin was at $65/BTC in 2013. The firm subsequently launched the first exclusively blockchain venture fund. In 2017, Pantera was the first firm to offer an early-stage token fund. Pantera manages $6bn across three strategies – passive, hedge, and venture.ContactGaby Huigaby@labcreo.comThis article was originally published on Chainwire More

The world’s largest cryptocurrency had rallied in recent sessions amid growing bets that Republican frontrunner Donald Trump, who has presented a pro-crypto stance- will win a second term.Bitcoin rose around 1% in the past 24 hours to $67,662.2 by 09:24 ET (13:24 GMT). The token had tested $69,000 over the weekend, but pulled back from those levels by Monday.Bitcoin and broader crypto markets were now grappling with increased uncertainty over the 2024 elections, after Biden endorsed Vice President Kamala Harris as the Democratic presidential nominee. While Harris will still need to be officially nominated during the Democratic National Convention in August, a slew of top Democrats endorsed her nomination.Trump- who as of last week was polling slightly ahead of Biden and Harris according to CBS data- said Harris will be easier to defeat, CNN reported. The prospect of a Trump presidency was a major driver of crypto’s recent rally, given that Trump has expressed support for the industry in recent campaigning efforts.Trump is set to speak at the Bitcoin Conference in Nashville later in July, and has also called for the token’s future to be built in the U.S.. His campaign accepts donations in crypto.Still, expectations that Harris may be able to run more effectively against Trump dampened some optimism over a Trump presidency.Bitcoin traders were also on edge over distributions by defunct exchange Mt Gox, which was seen mobilizing billions of dollar worth of Bitcoin earlier in July. Among broader crypto prices, major altcoins mostly traded steady after also tracking Bitcoin’s weekend bounce. World no.2 token Ether fell 0.1% to $3,493.40, with the focus largely on the approval of a spot Ether exchange-traded fund for U.S. markets.Media reports said a spot ETF could begin trading as soon as this week. Other altcoins were mixed. XRP and ADA jumped 5.5% and 1.4%, while SOL rose 4.1%, with speculation over a SOL ETF also fuelling gains in the token. Among meme tokens, DOGE rose 5.8%, while SHIB was relatively flat. Any near-term rebound in cryptocurrency markets is expected to be tactical rather than the start of a new long-term bullish trend, JPMorgan analysts said in a recent research report. The bank explained that Bitcoin’s current price is too high compared to its production cost of $43,000 and its volatility-adjusted comparison to gold, which is $53,000.The Wall Street giant also pointed out that bitcoin futures have shown weak momentum recently due to liquidations by creditors of Gemini, Mt. Gox, and the German government. These liquidations are anticipated to ease this month, and the bank expects a rebound in CME bitcoin futures positioning into August.Both bitcoin and gold are predicted to benefit from the increased likelihood of a Trump election win, the note adds. Analysts noted that “a second Trump presidency is seen by some investors as more friendly towards crypto companies and towards crypto regulations, in contrast to the current Biden administration.” More

In a research note, TD Securities said this legislation is broadly positive for the crypto sector as it provides political cover for lawmakers to support future stablecoin and crypto market structure legislation.The legislation, known as the Digital Asset Anti-Money Laundering Act, mandates that crypto wallet providers and miners improve their customer identification processes. It also directs the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) to implement customer verification procedures and provide guidance to banks on handling crypto transactions, especially those involving privacy mixers that conceal user identities.The House is expected to pass a crypto anti-money laundering bill under suspension of the rules, requiring a two-thirds vote for passage. “We expect this will clear the two-thirds vote required for it to pass the House,” says TD Securities. There is no political downside to supporting the legislation. For critics, it addresses money laundering concerns, while advocates gain protection from accusations of facilitating criminal activity, the research notes.The Financial Technology Protection Act will establish a working group involving banking agencies, the crypto industry, and law enforcement to combat terrorism and illicit financing on digital platforms. This group will research illicit financial transactions and propose legislative actions to enhance AML and counter-terrorism efforts. TD Securities explains, “We do not see how such a mandate would be negative for crypto trading platforms or the broader crypto ecosystem. It does not impose any new burdens on the industry but creates a dialogue with law enforcement.”The bill’s passage would help advance stablecoin legislation this fall and crypto market structure legislation next year. “It shows that both the industry and the government are serious about AML/BSA controls for crypto,” TD Securities notes. It provides political cover for lawmakers supporting these bills.TD Securities is skeptical about the bill getting floor time in the Senate. However, the broker analyst believes the House vote is more crucial as it provides political protection for future votes on stablecoin and market structure legislation. “Lawmakers don’t need this to become law to get political protection,” the report concludes. More

Sunami Network is excited to introduce SUUSD, a new stablecoin that offers liquidity and return opportunities. This innovative stablecoin introduces a new approach to yield-bearing, allowing users to benefit from holding the coin.SUUSD combines the benefits of a term deposit and a current account. In accordance with the planned functionality, users can use it as a liquid asset for payments or value storage. These returns comes from a diversified portfolio of investments, leveraging yield opportunities in liquidity pools and other DeFi instruments to provide consistent and reliable outcomes.With SUUSD, users can take advantage of its properties without needing active management. It’s designed for ease of use, requiring no specific DeFi skills, and Sunami’s team sees it as an ideal choice for both beginners and seasoned investors. Users can benefit from potential returns simply by holding the stablecoin.About SUUSDSUUSD is a next-generation stablecoin offering liquidity and the potential for returns to holders. By simplifying yield earning while maintaining stablecoin usability, SUUSD aims to provide an efficient, user-friendly experience in digital finance.For more information, users can visit: Website | Twitter | Discord I TelegramContactMarketing ManagerAnastasiiaSunami Networkhello@sunami.networkThis article was originally published on Chainwire More