Cryptocurrency

Management is requesting authorization from its Board of Directors to hold up to 90% of its liquid assets in BTC for additional, ongoing Bitcoin purchases as part of its Treasury Asset Strategy announced on November 15, 2024.Coinbase’s (Nasdaq: COIN) Prime platform serves as custodian and provides self-custodial wallet services for Thumzup’s BTC.Thumzup expects to begin paying gig-economy workers in BTC in the coming weeks, in compliance with all applicable laws and regulations.[1] https://bravenewcoin.com/insights/bitcoin-hoarders-of-2024-the-hodl-top-70-and-their-crypto-treasuries More

The Executive R0AR Society (ERS) NFT public sale launched yesterday, with over 2,700 tokens sold. The interest in the Ethereum-based tokens is attributed to the utility features offered to token holders.The team envisions the NFTs as a key component of the evolving R0AR DeFi ecosystem, which is being developed with a focus on community involvement. The reason for this community-centric approach comes from the team’s firm commitment to building a decentralized DeFi platform that adheres to the core pillars of Satoshi’s blockchain vision while providing users with clear interfaces, simple on and off-ramps, and high levels of security.The NFTs consist of six features that will be revealed either after all 10,000 tokens are minted or within 90 days of the launch. The delayed reveal is intended to ensure a fair and transparent minting process, preventing early participants from gaining an advantage.In addition, the mint has been designed to prevent sniping from the team or any insiders, meaning that the rarest NFTs in the collection will be randomly distributed, giving everyone the chance to purchase the most valuable of the 10,000 tokens.Over 27% Of R0AR NFTs Minted on First DayInterest in the ERS NFTs has been evident since the start of the mint. Over 27% of the supply was minted in the first 24 hours. During the public sale, the NFTs are traded for 0.014 ETH, with a limit of 25 tokens per wallet address.The R0AR token presale, which has raised $4 million, saw early participants added to a whitelist, allowing them to mint a couple of days prior to the public mint. The team sees this as the first of many rewards that will be available to OG members of the R0AR community.The surge in minting activity has potentially been caused by a combination of short and long-term factors. Some traders are looking to take advantage of the fair mint that gives everyone the same chance of ending up with the rarest tokens in the collection, while long-term investors believe that holding the NFTs from day one will be the best way to maximize crypto rewards.R0AR ERS NFTs and Future Crypto RewardsThe Pudgy Penguin ($PENGU) airdrop has put the concept of dropping new tokens into NFT holder wallets into the spotlight, as the $PENGU token’s market cap has found support above $2 billion.Some early R0AR community members and NFT holders are positioning themselves to potentially benefit from similar airdrops in the future. The R0AR team has emphasized from the beginning that this type of utility aligns with their long-term vision, and the $PENGU drop has highlighted its significance within the NFT market.Other important features are expected to include access to the R0AR Portal, a research and analytics platform that provides valuable insights into various crypto projects. Additionally, NFT holders could potentially benefit from NFT staking opportunities, allowing them to earn rewards and contribute to the platform’s growth. Exclusive features within the DeFi ecosystem related to trading and staking are also anticipated.To learn more about the NFT collection and the OpenSea mint, users can visit the Executive R0AR Society Collection page.About R0ARR0AR is a decentralized finance (DeFi) ecosystem dedicated to building a comprehensive platform for blockchain-based financial services. Through its various components, including the Executive R0AR Society NFTs and R0AR token, the platform will give users access to token trading, staking, and exclusive DeFi rewards. R0AR aims to build an inclusive and collaborative environment where users can shape the future of decentralized finance.ContactCEOLiam Quinlan-StampCoinpresso [email protected] article was originally published on Chainwire More

Hanke is known as a vigorous Bitcoin opponent who frequently criticizes the world’s largest cryptocurrency on his X social media account.The prominent U.S. economist said that converting government savings into Bitcoin would put “a drag on the economy” since those savings would not be invested in “real capital assets that produce things.” He compared buying Bitcoin to buying paintings made by Old Masters. Such investment would not be invested in any bankable projects that actually produce anything, he said.“They would not increase productivity and so forth in the economy,” the expert stressed, while it is very important to increase productivity in order to improve standards of living and prosperity in any economy. Hanke underscored that he is “completely opposed” to a potential Bitcoin strategic reserve in the U.S., calling it “the stupidest idea.”And in the tweet that accompanies the video extract, Hanke wrote, emphasizing his thought again: “Savings funneled into Bitcoin aren’t building factories, creating jobs, or driving innovation.”The study claimed that cryptocurrency holders have low analytic and scientific thinking and they are “likelier to exhibit psychopathy than the general population,” Hanke summarized.For completing the study, the researches polled roughly 2,000 Americans. They revealed that crypto holders are inclined to display “dark” personality characteristics, also known as the “Dark Tetrad”: narcissism, Machiavellianism, psychopathy and sadism.This article was originally published on U.Today More

The 26 EMA and 50 EMA are supporting a robust uptrend in recent charts, suggesting ongoing bullish momentum. The asset still has room for upward movement without being regarded as overbought, according to the RSI, which is currently at about 59. The volume has increased slightly, but not enough to indicate a euphoric blow-off top, which is frequently seen at the top of market cycles.Additionally, the increase in open interest in Bitcoin futures keeps the rally going as more and more leveraged traders fill positions. An examination of the 30 most important market indicators yields insightful information. It appears that the market is not yet overheating, because metrics like the Mayer Multiple and Bitcoin Pi Cycle Top are still well below their critical thresholds.The MVRV Z-Score, which is currently at 2.97, is significantly below the 5.0 threshold that traditionally denotes a market peak. At 59, the 22-day RSI is well below the 80-point overbought level. Far from the bubble territory above 80, the Bitcoin Bubble Index is currently at 13.48. Based on this data, it appears that the price action of Bitcoin may still be in the early to mid-stages of a larger bull run.More upside potential is suggested by historical precedent prior to notable corrections or an extended period of consolidation. The focus turns to important resistance levels at $110,000 and $120,000 as Bitcoin consolidates around $100,000. These goals might be reachable in the near future if Bitcoin keeps up its momentum and sees rising volumes.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the official launch of its Bybit Physical Card, exclusively available to users in Brazil. This unlocks Bybit Card’s full capabilities for virtual and physical payments, better serving users in Brazil and furthering Bybit’s commitment to the market.The Bybit Physical Card allows Brazilian users to seamlessly integrate cryptocurrency into their daily lives, offering convenience for global spending. Empowering users to make the most of their digital assets, the card provides a 2% cashback reward and supports popular cryptocurrencies such as USDT, BTC, and ETH. Additionally, the card comes with exclusive benefits, including free issuance and delivery, no annual or monthly fees, and Apple (NASDAQ:AAPL) Pay and Google (NASDAQ:GOOGL) Pay integrations. Cardholders may also potentially earn up to 8% APR on eligible balances.New users may still be entitled to the Welcome Offer in Brazil: Deposit 100 USDT, Unlock 150 BRL!#Bybit / #TheCryptoArk / #BybitCardAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: [email protected] For 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

Arcana Network has introduced its Chain Abstraction SDK, designed to streamline the multi-chain experience for developers and users alike. This innovative solution allows developers to integrate Chain Abstraction into their applications, enabling users to spend a unified balance across chains without the need for swapping, bridging, or managing gas.Simplifying Blockchain Complexity for Developers and UsersAs Web3 expands across Layer 1s, Layer 2s, Appchains, and Rollups, fragmented ecosystems have created significant barriers for developers and users alike. Arcana’s Chain Abstraction SDK abstracts these complexities with just a single integration, enabling seamless spending of assets across chains.Key Benefits of Arcana’s Chain Abstraction SDKA Milestone (WA:MMD) AchievedEarlier this year, Arcana’s Chain Abstraction protocol launched the Arcana Wallet, a Chrome extension that showcased a unified, chain-abstracted experience on popular decentralized apps such as Aave, Uniswap, CowSwap, Jumper, and Hyperliquid. With the launch of the Chain Abstraction SDK, Arcana is now enabling developers to integrate this seamless functionality directly into their applications.Getting Started with Arcana’s Chain Abstraction SDKArcana Network is a leading Chain Abstraction Protocol, powered by an Appchain, with the mission to transform the Web3 UX.Since its inception in 2021, Arcana Network has introduced products that make web3 effortless. The upcoming Chain Abstraction Protocol built on a Modular Appchain and powered by $XAR, is the next evolution in simplifying Web3.$XAR is the utility token that captures protocol fees, secures the network, incentivizes early adopters, and rewards resource providers.Arcana Network’s innovative technology is backed by prominent investors, including Balaji S., Polygon founders, John Lilic, and Santiago Roel, and investment funds such as Fenbushi, Republic, Woodstock, Polygon Ventures, DCG, LD Capital, and others.Website | Twitter | Telegram | YouTubeContactMarketing ManagerAndria EfstathiouArcana [email protected] article was originally published on Chainwire More

The total number of active contracts in the futures and options markets is represented by open interest. An increase in OI is usually associated with higher expectations of volatility and increased participation in derivatives markets. This significant increase in OI highlights the market’s increased expectation for Bitcoin’s next move as the cryptocurrency is currently trading at about $102,500.Remarkably, funding rates are still low in spite of the increase in OI. This shows that the market sentiment is balanced with neither longs or shorts taking over. When the OI is so high, a neutral funding rate may indicate that traders are being cautious and are holding off on placing strong directional bets until there is a clear move. The chart also indicates that the recent spike in Bitcoin’s price has been accompanied by strong trading volume.This makes the argument for consistent momentum stronger. The idea that Bitcoin might once again dominate the market cycle is further supported by the fact that Ethereum (ETH) saw a minor decline in its own open interest during the same time frame. Immediate support at $97,000 and resistance at $105,000 are important levels for BTC and might determine the asset’s movements in the foreseeable future.A pullback toward the 50 EMA at $87,000 could result from a failure to hold support, while a break above the resistance could open the door for a test of $110,000. The rising price action and overall OI of Bitcoin point to a change in market dynamics, positioning the cryptocurrency to outperform other significant cryptocurrencies in the near future. To determine the strength of this trend, traders should keep a close eye on funding rates and volume spikes.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly announces the launch of its Fixed Rate Loan service empowering users with greater control and predictability in managing their crypto assets. For the first time ever at Bybit, users can access a peer-to-peer (P2P) loan service with fixed interest rates and terms. This latest offering reflects Bybit’s ongoing commitment to delivering unparalleled value to its global community.What Sets Bybit’s Fixed Rate Loan Apart?Bybit offers several advantages for both borrowers and lenders:Why Choose Bybit’s Fixed Rate Loan?This new service represents Bybit’s continued evolution as a leading innovator in the crypto finance space. Whether the user is a borrower seeking predictable costs or a lender aiming for steady returns, Fixed Rate Loan offers the ideal solution to navigate the dynamic world of cryptocurrency.#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: [email protected] updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony [email protected] article was originally published on Chainwire More