Cryptocurrency

Sui drives blockchain innovation with support from global leader in asset managementThe Sui Foundation, the independent organization dedicated to the advancement and adoption of Sui, the innovative Layer 1 and smart contract platform, today announced a strategic partnership with Franklin Templeton Digital Assets. Franklin Templeton Digital Assets has been investing in the Sui ecosystem, and believes this strategic partnership will provide further benefit toward that effort by seeking value creation opportunities to allow builders of Sui blockchain-based solutions to deploy novel technologies leveraging the Sui blockchain protocol. As a secure and scalable platform for building the future of intelligent assets, Sui has already become a premier destination for application builders in gaming, DeFi, memecoins, as well as real-world applications such as 3D printing and tokenized securities. Most recently, native USDC launched on Sui, enabling users to have direct access to one of the most widely used stablecoins globally while removing the added complexities and risks caused by bridged assets.ContactSui Foundationmedia@sui.ioThis article was originally published on Chainwire More

While Musk boasts an account with the largest follower count, his fans on X largely remain meme lovers, and they respond actively every time the tech mogul posts something related to memes, including his frequent tweets about the meme cryptocurrency Dogecoin.The text on the image says: “Citizens of Earth. Give us your memes.”The community eagerly responded, posting memes for “the aliens.” Many of them contained ones about Dogecoin. The official account of major U.S.-based cryptocurrency exchange Kraken also posted a reply, saying: “There is no meme. Only Bitcoin.” It also posted an animated GIF with a long green Bitcoin candle to remind everyone that BTC has come really close to hitting the $100,000 level today.This time, Musk also published a photo of himself dressed in a suit with a bow tie and a white shirt, resembling the main character of the book/movie, in which Michael Corleone was played by a young Al Pacino.This tweet garnered 772,000 likes, 13,000 bookmarks, it was retweeted 63,000 times and commented on 18,000 times. Back in April 2021, this post, along with Musk’s hosting Saturday Night Live, pushed the Dogecoin price to an all-time high of $0.70. This time, many believe, the tech billionaire hinted at his new brainchild, D.O.G.E., or the U.S. Department of Government Efficiency, which he now spearheads to cut down extensive governmental spending.This week, Dogecoin demonstrated a roughly 16.8% increase within a single day, hitting a local high of $0.41361.This article was originally published on U.Today More

This November marked the second anniversary of FTX’s bankruptcy filing, which upended the industry and drove Bitcoin to new lows. However, in keeping with its cyclical character, cryptocurrency received much attention this year.Bitcoin flirted with a run toward the $100,000 mark, reaching an all-time high. The largest digital asset traded up 2.34% to $99,050 at the time of writing, having previously reached a record $99,543. Since the first week of November, the cryptocurrency market has gained over $1 trillion.Bitcoin’s current trajectory could indicate that the cryptocurrency market has fully recovered from the events of 2022. With the bull market back in full swing, two years after FTX, crypto remains eternally transformed.Bitcoin’s recent run near $100,000 has been buoyed by recent optimism in the crypto market. If today closes in green, Bitcoin will mark its fifth day of gains.The most recent US developments included Securities and Exchange Commission Chair Gary Gensler’s decision to step down on Jan. 20. Gensler’s tenure was marked by a flurry of SEC crypto enforcement actions, which the industry anticipates will subside.Bitcoin treasury company MicroStrategy plans to accelerate purchases of the coin, and the debut of options on U.S. Bitcoin exchange-traded funds also lifted sentiment this week. In recent weeks, a group of a dozen U.S. ETFs that invest in Bitcoin received a net inflow of more than $6.8 billion. The group’s total assets have exceeded $100 billion.This article was originally published on U.Today More

Schiff cited the most recent financial move made by MicroStrategy, which involved raising $3 billion through convertible debt in order to increase its holdings of Bitcoin. He proposed that the current surge in Bitcoin might have been fueled by this infusion of liquidity into the market. Schiff cautions that the game will end when MicroStrategy runs out of suckers willing to buy its overpriced shares and lend it money.Schiff has frequently attacked Bitcoin, referring to it as a speculative bubble, but his comments also show how institutional players like MicroStrategy influence the price dynamics of the cryptocurrency. Bitcoin has long been associated with MicroStrategy’s corporate identity. The company has raised billions of dollars through debt offerings to strengthen its cryptocurrency portfolio and uses Bitcoin as a treasury reserve.The recent spike in the price of Bitcoin, which reached a high of $99,180, represents a critical turning point in the asset’s recovery from its protracted bear market. Bitcoin has been continuously rising on the chart, surpassing significant resistance levels at $70,000, $85,000 and now $99,000. Strong bullish momentum is evident in the exponential moving averages (EMAs), with the 50-day EMA sitting comfortably above the 100- and 200-day lines. The RSI may be about to pull back as it has entered overbought territory at 82. Trading volumes are still high, though, which lends credence to the notion that institutional and retail buyers are strongly supporting the rally. Schiff’s criticism draws attention to a possible danger — organizations such as MicroStrategy’s reliance on leveraged buying. Bitcoin may experience severe volatility if institutional demand declines or if the macroeconomic environment changes.Although the rally in Bitcoin seems to be holding up for the time being, Schiff’s cautions serve as a reminder of the intricate dynamics at work in this momentous price shift. It is unclear if Bitcoin will be able to maintain its increase above $100,000.This article was originally published on U.Today More

Türkiye’s digital asset custodian Paribu to offer crypto custody services to institutional clients worldwideSince 2017, Türkiye’s leading crypto asset technology company Paribu has served 7 million users. Now, with the launch of Paribu Custody, it offers institutional clients worldwide secure digital asset custody and management aligned with international standards.Paribu, Türkiye’s pioneering technology company in the crypto asset sector, has announced its new service, Paribu Custody, providing digital asset custody and management for institutional clients globally. With independent wallets and a secure, end-to-end infrastructure, Paribu Custody will serve a wide range of organisations—including banks, financial institutions, cryptocurrency exchanges, decentralised finance entities, and blockchain-focused startups—seeking to securely store and self-manage their digital assets.Unique custody infrastructureFounded in 2017, Paribu provides fast, easy, and secure cryptocurrency trading services to its 7 million users and operates a registered custody company in Türkiye alongside its crypto asset trading platform. With Paribu Custody, it now offers digital asset custody services to institutional clients worldwide.Paribu’s ColdShield® technology, integrating MPC (Multi-Party Computation), SGX ( Software (ETR:SOWGn) Guard Extensions), and HSM (Hardware Security Module) technologies, divides customers’ private keys into multiple fragments and securely distributes them to separate parties. These distributed key parts are stored in a fully isolated environment, ensuring that no individual or organisation can access the complete private key.With a multi-layered security architecture, ColdShield® technology prevents private key fragments from being reassembled, even during transfer. This design enables each party to generate partial signatures independently, eliminating single point of failure (SPoF) risks and providing clients with the highest level of asset security.Cem Sağlam highlights that Paribu Custody, advancing even global standards, offers the ability to separate wallets into primary and proxy wallets, meeting diverse asset storage needs with options for cold, hot, and warm storage.All platform processes are automatable via APIs. Additionally, the staking service enables organisations to conduct staking operations for crypto assets seamlessly, without requiring technical integration. Every process can be managed through the Paribu Custody mobile application, providing full control over each step—from transaction initiation to final signature approval.Enables full regulatory compliance and reduces operational riskParibu Custody enables organisations to streamline Anti-Money Laundering and Anti-Terrorist Financing compliance controls through a single interface, supporting robust regulatory compliance processes. Comprehensive KYB (Know Your Business) procedures are conducted for all clients, ensuring adherence to legal standards and fostering a secure operational environment.Banks and financial institutions can diversify their crypto asset offerings by leveraging Paribu Custody’s secure digital asset management solutions. Cryptocurrency trading platforms benefit from secure, compliant storage for client funds, while DeFi organisations can enhance asset security and reduce smart contract risks. Blockchain startups, meanwhile, can mitigate operational risks and ensure regulatory compliance through the secure storage of investor assets.Paribu Custody is designed to securely store digital assets for today’s needs. Looking to the future, it is being developed to securely manage tokenised real-world assets (RWA) such as real estate, negotiable instruments, official documents, event tickets, and works of art, providing end-to-end corporate-level security.About ParibuFounded in 2017, Paribu is Türkiye’s pioneering technology company and its leading cryptocurrency exchange platform. Through its 24/7 Customer Experience Business Unit, Paribu delivers fast, easy, and secure cryptocurrency services to over 7 million users. As the developer of Türkiye’s first independent blockchain project, Paribu also supports various ecosystem projects through financial and technological investments. Beyond promoting blockchain awareness, Paribu actively contributes to the future by engaging in culture, arts, sports, and education initiatives. Paribu shares reliable industry insights and publishes content on its platform, ParibuLog.ContactInstitutional Sales and Business Development ManagerCem SaglamParibucem.saglam@paribu.comThis article was originally published on Chainwire More

“Hang on tight as Bitcoin hits new highs,” he stated. Meanwhile, the global bellwether cryptocurrency has printed a new all-time high of around $99,500 and has come very close to the $100,000 price mark.Kiyosaki has been a long-term fan of Bitcoin. He bet on it when the pandemic broke out four years ago, making the U.S. government print survival checks. Then, as the Fed Reserve continued printing, the “Rich Dad Poor Dad” author continued tweeting bullishly about BTC, calling it a safe-haven asset along with gold and silver and saying that he continues to accumulate all three.Once Kiyosaki stated that even if BTC crashes hard, he would just stock up on it at cheap prices since he always uses crashes to buy valuable assets at a low cost. However, in a recent tweet, Kiyosaki warned that he would stop accumulating Bitcoin once it passes the $100,000 line: “I will keep buying more Bitcoin till it passes $100,000. Then I will stop. Not a time to get greedy.”Dogecoin cofounder Billy Markus, known on social media as Shibetoshi Nakamoto (a parody of the Bitcoin creator’s pseudonym) also tweeted that he expects Bitcoin to hit $100,000 “when he sleeps.” Markus also added a “request” to BTC in his message, asking the major cryptocurrency not to hit $100K and crash instantly: “100k you can come while i sleep just don’t hit it and insta crash.”Over the past 24 hours, Bitcoin has added roughly $3,000, soaring from $96,700 to the $99,502 record peak. Since the week began, it has printed an immense growth of 11.7%, spiking from the $89,000 zone.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, hosted a groundbreaking Islamic Finance Forum, bringing together renowned scholars, industry leaders, and key partners to discuss the evolving landscape of Shariah-compliant digital assets. The forum deepened collaborations and highlighted Bybit’s commitment to supporting Muslim investors through its innovative Islamic Account.Representatives from Circle, XRP, Zand Bank, Fuze Finance, Palcoin, Takadao and Dubai Blockchain Center participated in the forum, strengthening the foundation for future collaboration and innovation within the Islamic finance ecosystem.Insightful Discussions from Esteemed Scholars:Dr. Muhammad Abu Jazr, Founder of Crypto Halal and Dr. Mohamad Mahdy, Founder and CEO of Exaado, shared perspectives on the compatibility of cryptocurrency with Islamic jurisprudence. Their discussions explored the ethical responsibilities and opportunities for Shariah-compliant investment solutions in the rapidly growing digital economy. The forum featured an engaging panel discussion that explored: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 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 MediaDiscord | Facebook (NASDAQ:META) | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | YoutubeContactHead of PRTony Autony.au@bybit.comThis article was originally published on Chainwire More

Zircuit, the chain where innovation meets security, today announced its ZRC Token Launch on Monday, November 25th—a key step in building a thriving, decentralized ecosystem. ZRC serves as the foundation of Zircuit’s architecture, enabling participants to receive additional rewards, participate in network app fair launches, and drive its growth. As the ecosystem’s cornerstone, ZRC aligns incentives across developers and users, fostering active collaboration and innovation.The ZRC launch follows a series of notable achievements for Zircuit, including the successful rollout of Mainnet, a $2 billion TVL ecosystem, the groundbreaking EIGEN fairdrop with over 190,000 participants, the liquidity hub launch, and strategic investment from Binance Labs, Pantera, and other strategic partners. Together, these milestones underscore Zircuit’s position as a leader in decentralized finance and staking.Zircuit protects users from hacks through its built-in, automated AI techniques that guard users against smart contract exploits and malicious actors. This system automatically guards against smart contract exploits and malicious actors, making Zircuit one of the safest blockchain platforms available. As the safest chain for DeFi and staking, Zircuit is the premier liquidity hub for various assets, including ETH, BTC, LSTs, and LRTs, while providing robust security guarantees. Zircuit’s strong infrastructure allows users to earn competitive yields natively, combining safety with attractive returns.Users can explore the ZRC token’s role in Zircuit’s ecosystem by engaging with staking and reward opportunities through the Liquidity Hub. For more information, users can visit zircuit.com and follow Zircuit on Twitter/X at @ZircuitL2.About ZircuitZircuit: Where innovation meets security, designed for everyone. Zircuit offers developers powerful features while giving users peace of mind. Designed by a team of web3 security veterans and PhDs, Zircuit combines high performance with unmatched security. Experience the safest chain for DeFi and staking. To learn more about Zircuit, visit zircuit.com, and follow us on Twitter/X @ZircuitL2.ContactHead of CommunicationsJennifer ZhengZircuitjen@zircuit.comThis article was originally published on Chainwire More