Cryptocurrency

Transak, a global leader in Web3 payments infrastructure, has officially launched Transak Stream, a groundbreaking innovation that redefines the crypto-to-fiat off-ramping experience. This new product delivers unmatched simplicity, making stablecoin and cryptocurrency conversions to fiat as seamless as sending a token between wallets.Imagine this: A user with a Web3 wallet wants to withdraw $1,000 USDC. All they need to do is send their crypto to their unique Transak Stream Address. Within seconds, the equivalent fiat amount is deposited into their bank account or card— no order placement, no need to open additional apps, no widget.Click here to see Transak Stream in actionSuch a smooth, hassle-free process transforms the off-ramp experience, making it incredibly user-friendly while offering wallet partners and platforms a competitive advantage, i.e., enhanced user retention, higher conversions.“Our goal was simple, yet ambitious — make crypto as intuitive as cash. Transak Stream is a giant leap in that direction. It makes crypto transactions feel as natural as everyday payments,” said Sami Start, CEO of Transak.1. Send Stablecoins or Crypto: Users simply send their assets to their unique Transak Stream Address.2. Instant Fiat (BIT:STLAM) Payout: The fiat equivalent is instantly deposited into their linked bank account (SEPA, FASTER) or card (Visa/Mastercard).This innovative approach streamlines the traditionally cumbersome multi-step off-ramping process. Transactions that once took ~5 minutes or more are now completed in seconds, making it easier to integrate stablecoins and crypto into real-world financial use cases. In a live test, Transak compared its standard off-ramp with the new Transak Stream. The results were striking: while the standard process took approximately 4 minutes, Stream enabled cash-outs in just 19 seconds.“Transak Stream bridges the gap between crypto and fiat with the simplicity users deserve and the compliance businesses demand,” said Yeshu Agarwal, Co-Founder & CTO of Transak. “With Visa (NYSE:V) Direct and stablecoins like USDC at the core, we’re creating an ecosystem where crypto becomes as easy to use as traditional money.”“Our goal with Transak Stream is to create a future where crypto flows seamlessly into real-world financial systems,” added Agarwal. “Visa Direct and Circle are integral to making this vision a reality, enabling secure, scalable, and compliant transactions across borders.”Visit Transak.com/integrate-stream to get Transak Stream for your appHeadquartered in Miami, US, and incorporated in Delaware, Transak has a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.For more information, visit https://transak.com/ or follow us on x.com/transak and linkedin.com/company/transakContactHarshit GangwarHarshit.Gangwar@transak.comThis article was originally published on Chainwire More

On Dec. 5, after 5,256 trading days, the Bitcoin price crossed $100,000 for the first time, and the market capitalization briefly surpassed $2 trillion.According to on-chain analytics platform Glassnode, Bitcoin miners have earned $71.49 billion since inception, demonstrating the network’s robust security and economic incentives.As of Dec. 5, when Bitcoin first hit $100,000, Bitcoin miners’ revenue for securing the network and processing transactions stood at $71.49 billion. This includes $67.31 billion in block subsidies and $4.18 billion in transaction fees. A total of 19,791,952 BTC have been mined, representing 94.2% of the total 21 million supply cap. Since the Genesis Block, 873,304 blocks have been mined, with an average block time of 11.8 minutes for Bitcoin to reach the historic price of $100,000 on Dec. 5, 2024. After 418 difficulty adjustments, excluding periods without adjustment, network difficulty has risen to 446,331,432,498,125,300,000,000, as Bitcoin’s security and computational power continue to grow.By the time Bitcoin reached $100,000, the network hashrate had increased from 128,185 hashes/sec to more than 804,407,834,059,443,100,000 hashes/sec. Miners have collectively computed roughly 5.01 x 1028 hashes to date. Interestingly, 37% of the entire computed hash occurred in 2024.Bitcoin has also seen exceptional transaction growth. To date, the network has successfully processed 1.12 billion transactions (unfiltered). Since the Genesis Block, Bitcoin has processed $131 trillion in transfer volume.Bitcoin’s price has been actively traded for 5,256 days and has ranged from fractions of a cent to $100,000. This journey has seen 72 positive monthly candles (including December 2024), with an average increase of 37.4%, and 71 negative monthly candles, with an average drop of -14.2%.According to Glassnode, during this period of unprecedented market boom, investors made a total of $1.27 trillion in profit and -$592 billion in losses on-chain.At the time of writing, BTC was up nearly 2% in the last 24 hours to $100,290.This article was originally published on U.Today More

As the world’s pioneer cryptocurrency, BTC, has recovered the $100,000 price level, Keiser has sent gold lovers a message via his official account on the X network (formerly popular as Twitter).That warning came after El Salvador’s political leader, Nayib Bukele, found out that the country’s unearthed deposits contain $3 trillion worth of gold.However, the total potential gold deposits promise to surpass $3 trillion, which would exceed the country’s GDP by more than 8,800%.According to the president, they have also come across gallium, tantalum, tin and “and many other materials needed for the 4th and 5th industrial revolution.”Metal mining has been prohibited for many years in the country due to heavy pollution of the local rivers. However, Bukele is considering lifting that ban and cleaning them rather than preventing the pollution from spreading further by not mining the metals.Keiser quoted that tweet, saying that be believes selling gold (“at a suitable discount”) for Bitcoin is the only way for gold investors to stay profitable. Bitcoin, Keiser believes, is demonetizing gold and is going to take it down to zero in the end. Therefore, he said, “The pool of potential future buyers of Gold is rapidly shrinking and without buyers, the mined Gold would have no value.”Currently, Bitcoin is trading at $101,240 per coin after showing a 7.22% increase over the past two days.This article was originally published on U.Today More

This stone circle likely symbolizes coins and all the early forms of money known by humanity. The tweet itself says: “Bitcoin is better money,” meaning that Saylor believes Bitcoin surpasses all seashells, stones, skins and so on that have been used as money since humans invented this means of exchange.As of this writing, Bitcoin is trading at $101,365 per coin after demonstrating a 7.33% increase over the last two days and recovering from the $94,500 zone.Rasmussen shared an outlook that in 2025, Bitcoin would surge to hit $200,000 after it finally broke above the $100,000 level in December this year. He shared a list of the catalysts they expect to fuel that price surge. That list included corporations buying BTC, the creation of the U.S. Strategic Bitcoin Reserve, the improvement of the regulatory and political climate, the tightening of the Bitcoin supply as a result of the 2024 halving and much bigger spot ETF inflows.There were also hurdles he shared: governments selling Bitcoin, leverage blowout, disappointing rate cuts.As for Michael Saylor, he believes that 10 years from now, Bitcoin will easily be worth $13 million per coin, as it will have taken away part of gold’s market share by then.This article was originally published on U.Today More

Bitcoin rebounded to a high of $101,201 in Wednesday’s session after two days of falls, as firming expectations of a Federal Reserve interest rate cut boosted investor sentiment. Speculators increased their bets on a decrease after U.S. consumer-price inflation met expectations.The consumer price index report for November published by the Bureau of Labor Statistics on Wednesday showed a 12-month inflation rate of 2.7% and an increase of 0.3% on a monthly basis.Core inflation, excluding food and energy prices, was 3.3% annually and 0.3% monthly. These figures were consistent with the Dow Jones consensus estimates.The report comes ahead of the Federal Reserve’s final policy meeting next week, where rate cuts will be announced. There is a strong expectation that the Fed might cut rates further in the meeting with traders, pricing in a nearly 99% chance of a quarter-point rate cut, but that the Fed might skip a January cut as it measures the impact previous cuts have had on the economy.Investors are expecting more economic data, with the November producer price index report due out on Thursday.Bitcoin changed hands at $100,839 as of press time, holding half of a nearly 5% gain from the day before, the largest in two weeks.Following a retest of the $100,000 mark, with Bitcoin reaching highs of $101,984 on Wednesday and $101, 953 today, all eyes are on where Bitcoin will go next.The year 2024 was a landmark year for crypto, and expectations are in place for 2025 which Bitcoin ETF issuer Bitwise predicts might mark the beginning of a golden era for crypto. Bitwise recently released 10 predictions for the year ahead, among which it predicts higher inflows for Bitcoin ETFs and a BTC price above $200,000.This article was originally published on U.Today More

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