Cryptocurrency

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will participate in the anticipated Bitcoin MENA event, taking place in Abu Dhabi from December 9 to 10, 2024. This event will bring together industry leaders, investors, and enthusiasts to explore the future of Bitcoin in the Middle East.Bybit has consistently demonstrated its dedication to enhancing cryptocurrency accessibility in the UAE. Recent achievements, such as securing a provisional license from the Virtual Asset Regulatory Authority (VARA) and launching Shariah-compliant Islamic accounts, highlight the platform’s commitment to catering to the diverse needs of the region.Bybit CEO to Speak on Bitcoin AccessibilityBen Zhou, Co-Founder and CEO of Bybit, will take the stage as a panelist during the “Improving Access to Bitcoin in the UAE” session on December 10, 2024, from 12:00 PM to 12:30 PM (GST). This session will examine the Bitcoin adoption trend in the UAE, addressing key challenges and opportunities to enhance accessibility. Ben will join other prominent figures to share his insights on:Attendees at Bitcoin MENA are also invited to visit the Bybit team at Bitcoin MENA to explore #Super6Bybit activities, discover potential rewards, and get a firsthand look at Bybit’s offerings. Key highlights include:About 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 MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

The world’s biggest cryptocurrency fell into a trading range of between $90,000 and $100,000 over the past two weeks after hitting a series of record highs. While Bitcoin still remained in sight of an over $99,000 peak, some optimism over its prospects cooled in anticipation of more cues on U.S. policy. Bitcoin rose 0.2% to $96,513.2 by 00:49 ET (05:49 GMT). A recent rally in crypto markets was driven chiefly by optimism over a Donald Trump presidency, which is expected to entail friendlier crypto regulation. Bitcoin’s rangebound performance over the last two weeks was also driven by a measure of profit-taking at record highs.Traders were now seeking more clarity on what Trump’s policies will entail for crypto, after he promised to make the U.S. the crypto capital of the world, and even floated the idea of a Bitcoin Strategic Reserve. Trump’s picks for Treasury Secretary and Secretary of Commerce both hold pro-crypto views, while reports suggested that he may also choose a pro-crypto candidate to Chair the Securities and Exchange Commission. XRP surged nearly 33% to $2.46 on Monday, flipping stablecoin Tether to become the third-largest crypto by market capitalization, at $140.13 billion, data from Coinmarketcap showed. The token was fueled largely by speculation that a looming change in leadership at the SEC will see the regulator drop its long-running lawsuit against XRP issuer Ripple.SEC Chair Gary Gensler said he will resign as Trump takes office in January, with recent reports suggesting that former Commissioner Paul Atkins could replace him. Atkins has openly expressed support for digital assets. Traders also speculated that Trump could shift crypto regulation over to the Commodity Futures Trading Commission from the SEC. The CFTC is expected to have a less strict stance on regulating the industry. Broader crypto prices were mostly rangebound on Monday, as traders sought more cues on policy. Risk appetite was also rattled by Trump threatening to impose steep tariffs on the BRICS bloc of countries.World no.2 crypto Ether fell 0.5% to $3,667.0.Solana and CardanoA lost between 3% and 5%, while Polygon rose 4.3%. Among meme tokens, Dogecoin rose 2%. More

Cebu-based entrepreneur Brian Christopher Aguilar has emerged as a notable figure in the cryptocurrency sector, leveraging blockchain technology to support environmental sustainability. As the founder of Ora Coin Foundation, Brian has turned his humble beginnings into a remarkable empire now valued at PHP 1.3 billion and growing—all within just a few months. His groundbreaking initiative, the One Billion Tree Planting Initiative, across South East Asia and Middle East, aims to leave an indelible mark on the planet and secure a brighter future for generations to come.Brian’s journey began with his dream to combine technology and environmental stewardship. Ora Coin, the cryptocurrency he created with his partner Mr. Lataza, is more than just digital money. Each of its 21 million rare tokens represents an opportunity to combat deforestation and promote ecological balance. For every coin, a tree is planted under the foundation’s watchful eye, tracked with a 3D GPS monitoring system. But Brian’s vision doesn’t stop at planting; it includes a unique feature where tree sponsors can interact and meditate with their trees online, creating a deeper connection between humans and nature.In partnership with Cebu Technological University, a leading state college in the Philippines, Brian’s mission has gained significant momentum. This collaboration has not only ensured scientific rigor in the project but also empowered local communities and students to participate in environmental conservation efforts. Together, they are pushing the boundaries of what is possible in eco-friendly blockchain innovation.Before Ora Coin, Brian was no stranger to entrepreneurship. He made a name for himself in Hong Kong, running the successful Healthy Chicken Group, renowned for its star product, KALE. Starting as a musician, Brian’s story is one of grit, resilience, and a commitment to meaningful impact.Now leading one of the most inspiring initiatives in both cryptocurrency and environmental activism, Brian is proving that businesses can thrive while giving back to the planet. As the One Billion Tree Planting Initiative marches forward, Ora Coin Foundation is not just planting trees—it’s planting hope for a better world.ContactFounderBrian Christopher AguilarOra Coin Foundationadmin@oracoin.ioThis article was originally published on Chainwire More

Whale Alert reported some hours ago: “A dormant address containing 11 BTC worth 1,071,468 has just been activated after 11.6 years.”The reactivation of such an old address has sparked curiosity and speculation within the cryptocurrency community. The activation of dormant wallets often garners significant attention due to their association with early adopters or long-term holders.The owner’s identity remains unknown, and so are their reasons for reactivating the address. It could be an early adopter who has decided to cash in on their investment; on the other hand, it might be part of a market strategy or even a security measure.On Nov. 30, two dormant Bitcoin addresses containing 429 and 404 BTC each were activated after 10.9 years, while another “dormant address containing 13 BTC worth $1,256,544 has just been activated after 11.0 years.” The BTC stash was worth $5,850 in 2013.Bitcoin gained 37.42% in November, according to TradingView statistics, making it the strongest month since February, when it climbed 45% following the launch of spot Bitcoin ETFs.At the time of writing, Bitcoin was slightly up 0.10% in the last 24 hours to $97,181, having reached an intraday high of $97,229. On Nov. 29, Bitcoin reached highs of $98,750 before cooling and resorting to a narrow range.This article was originally published on U.Today More

Mow published a screenshot of a donation request sent by Wikipedia to many of its users asking them to donate $2.75.Mow tweeted that while they are sending him an annual donation reminder, he sent them his “annual reminder to buy Bitcoin.” In the tweet, he tagged the X accounts of Wikipedia and its founder Jimmy Wales.Mow quoted his own tweet published from roughly a year ago — in early December 2023. In that post, Mow stated that if Wikipedia had purchased Bitcoin several years ago, following Mow’s recommendation, they “wouldn’t have to beg for donations every year in perpetuity.”In December last year, Wikipedia’s founder Jimmy Wales slammed Bitcoin in his tweet, saying that one cannot forget a password to one’s bank account and therefore cannot lose all one’s money unlike what may happen with a Bitcoin wallet. “Because banks work and bitcoin doesn’t,” he tweeted. That comment triggered reaction from many crypto community member and influencers. Among them was Tether CEO Paolo Ardoino, who suggested that one day Wikipedia would be replaced with a decentralized alternative.Earlier that year, Wikipedia stopped accepting donation in Bitcoin that it had been gratefully taking for many years before.This article was originally published on U.Today More

The dormant wallets, some inactive for over a decade, are believed to belong to early adopters or miners who accumulated Bitcoin during its infancy. The sudden activation of these wallets has sparked speculation about whether the owners are cashing out, reengaging with the market, or planning for a strategic move amid current market conditions.In the last 24 hours, on-chain data reports the activation of two wallets that have remained untouched for over a decade.Whale Alert reported, “a dormant address containing 429 BTC worth $41,707,628 has just been activated after 10.9 years,” while another “dormant address containing 404 BTC worth $39,330,452 has just been activated after 10.9 years.”Blockchain data reveals similar patterns from other wallets, with a noticeable increase in activity in recent months.On Nov. 29, Whale Alert reported, “A dormant address containing 16 BTC worth $1,558,440 has just been activated after 11.0 years worth $18,369 in 2013.”Bitcoin’s meteoric surge may have prompted these wallet holders to move their assets. With Bitcoin prices reaching new highs, it makes sense for long-term holders to reassess their positions and potentially take profits.Bitcoin is on pace to post a 38% gain for November, according to TradingView data, making it the strongest month since February, when it climbed 45% following the launch of spot Bitcoin ETFs.Bitcoin was last up 1.06% intraday at $96,284, having reached a high of $97,509. BTC reached a high of $98,750 during yesterday’s session. Bulls predict that Bitcoin’s price might hit $100,000 by the end of 2024 and could double by the end of 2025.This article was originally published on U.Today More

Therefore, Kiyosaki says: “The rich will get richer” since he expects Bitcoin to break $100,000 soon. What will happen to the poor and the middle class then? The financial guru says that once BTC soars above $100,000, “It will be almost impossible for the poor and middle class to catch up.”According to Kiyosaki, as soon as the price surge occurs, Bitcoin will be affordable only to ultra-rich entities: “corporations, banks, and sovereign wealth funds.”He tweeted that before Bitcoin has left $100,000 behind, FOMO (fear of missing out) is good. “Don’t let the rich get richer…without you,” Kiyosaki urged his followers.However, in the comments many followers disagreed with the financial expert, saying they believe that Bitcoin will “continue to help the poor, even at a price of 1 million and beyond” and “The Bitcoin price is fractionable and available for purchase by ALL.”Kiyosaki said this would be highly likely thanks to the effect AI will have on financial markets, citing a book by another author called “Money GPT” that Kiyosaki claimed was only about to be published.As for buying and saving Bitcoin, Kiyosaki recently admitted that he has been following Michael Saylor’s “tactical Bitcoin investment plan” but on a much smaller financial scale.On Friday, Bitcoin peaked at $98,745 and then went down by almost 2% overnight, now changing hands at $96,880.This article was originally published on U.Today More

The move upwards pushed XRP’s market cap up to $108.9459B, or 5.72% of the total cryptocurrency market cap. At its highest, XRP’s market cap was $102.9256B.XRP had traded in a range of $1.7657 to $1.9418 in the previous twenty-four hours.Over the past seven days, XRP has seen a rise in value, as it gained 23.25%. The volume of XRP traded in the twenty-four hours to time of writing was $18.3968B or 7.73% of the total volume of all cryptocurrencies. It has traded in a range of $1.2853 to $1.9418 in the past 7 days.At its current price, XRP is still down 41.96% from its all-time high of $3.29 set on January 4, 2018.Bitcoin was last at $96,693.8 on the Investing.com Index, up 0.45% on the day.Ethereum was trading at $3,697.55 on the Investing.com Index, a gain of 3.84%.Bitcoin’s market cap was last at $1,912.9815B or 100.43% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $445.0906B or 23.37% of the total cryptocurrency market value. More