Cryptocurrency

Describing the atmosphere at the meeting, Novogratz pointed out the importance of a unique “social contract” that he believes goes beyond typical financial motivations. This social element, the veteran investor suggested, is a crucial part of Bitcoin’s appeal and resilience, built on the shared goals and dedication of its long-standing community.Thus, according to Mike Novogratz, it is not just the decentralized structure or scarcity that gives Bitcoin (BTC) value. Rather, he sees the community itself – the individuals who have dedicated their time, energy and even resources over the years – as essential to the cryptocurrency’s foundation.He believes that it is this social fabric that keeps Bitcoin moving forward, and that a lot of people have done a lot of work, often behind the scenes, to make BTC what it is today. At the end of the day, it is the people behind Bitcoin as a collective force that not only maintains Bitcoin’s current value but also strengthens it through belief and shared purpose.This call to action to expand Bitcoin’s influence shows that Novogratz sees its value as tied to its reputation as a movement, not just a digital asset. He believes this shows how the cryptocurrency has evolved from being just a currency to a vibrant, active community with a clear purpose.This article was originally published on U.Today More

“Bitcoin is going ballistic,” Saylor tweeted, posting an AI-generated image of himself dressed as an astronaut on a space station.Earlier today, Saylor tweeted that he was preparing a “$100,000 Bitcoin party,” apparently expecting the largest cryptocurrency to break above the $100,000 level.VanEck’s expectations lived up to be true about the high volatility pump that took place after November 5. There is now no technical resistance for Bitcoin to grow further up, Sigel said. According to his forecast, the flagship cryptocurrency is likely to smash through repeated all-time highs over the next two quarters. The same pattern played out four years ago, he stated.Back in 2020 in November, Bitcoin doubled, according to VanEck’s executive and it faced roughly six ten-percent corrections. Therefore, it will hardly be a straight increasing line on charts now. So far, Sigel said, Bitcoin has been up 30% since the day when the US political leadership saw a radical change.“A number of indicators that we track are still flashing green for this rally to continue,” Matthew Sigel admitted, targeting $180,000 next year. He reminded that the US government is now making a pro-crypto pivot in terms of its intentions to create a Strategic Bitcoin Reserve, possibly remove the SEC chair Gary Gensler who has been stifling crypto companies in the US by constantly suing them.Now, Sigel said, crypto companies plan to go back to the US, open offices, providing lots of new jobs, which will be good for crypto and the GDP as well.This article was originally published on U.Today More

HTX recently unveiled its October Security Monthly Report, highlighting the platform’s latest efforts to safeguarding user asset. As a leading global exchange, HTX places the utmost importance on user security, continually upgrading its technology and educating users to mitigate security risks. This report follows the previously released security reports for May, June, July, August, and September.Account Security: Fortified Protection Against Phishing In October, HTX sent over 280,871 security reminders to users, a 22% increase from the previous month. These reminders were distributed via 253,208 emails and 27,663 SMS messages. During this month, the platform made continuous efforts to reinforce security education, enhancing users’ awareness of risks and helping them avoid potential pitfalls. To combat phishing and fraudulent activities, HTX proactively tackled phishing websites and fake app download pages. It successfully targeted and shut down 5 phishing websites and fake app download sites, safeguarding users’ account security. Transaction (JO:TCPJ) Security: Safeguarding User Assets from TheftHTX’s commitment to transaction security is evident in its proactive measures to prevent asset theft. In October, the platform successfully intercepted 7 withdrawals attempts to scam addresses, recovering 12,689 USDT in assets for users. Additionally, HTX also accepted user reports through multiple channels, resolving 13 incidents involving external stolen assets flowing into the platform and assisting in freezing stolen funds totaling 491,745 USDT, up by 183% from September. These efforts showcase HTX’s rapid response and a strong sense of responsibility in transaction security.Asset Security: Preventing Black Address RisksHTX’s dedication to asset security led to the addition of 190 new blacklisted addresses in October, a 26% month-on-month increase. By intercepting 13 deposits from these blacklisted addresses, totaling 32,946 USDT, HTX effectively prevented high-risk funds from entering the platform, ensuring a secure and compliant trading environment. HTX reaffirms its commitment to further optimizing security strategies, enhancing user protection, and working closely with its technical team to provide a more reliable asset trading environment. Moving forward, HTX will continually enhance its security system to address increasingly complex threats, ensuring the steady and secure growth of users’ digital assets while providing a safer and more efficient trading experience.About HTX Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.For more information on HTX, users can visit the HTX Square, or https://www.htx.com/, and follow X, Telegram, Discord.ContactRuder Finn Asiahtx@ruderfinn.comThis article was originally published on Chainwire More

Bitcoin historian Pete Rizzo shared this fact in a recent tweet: “At $90,000 Bitcoin, Satoshi Nakamoto is now the 19th richest person in the world.”Satoshi Nakamoto is the pseudonym of the person or persons who developed Bitcoin, authored the Bitcoin white paper, and created and deployed Bitcoin’s original reference implementation.Satoshi is thought to own around one million Bitcoins, which have remained untouched since their creation. As Bitcoin’s price reached new highs, these holdings have appreciated dramatically. According to a screenshot shared by Rizzo, the value of these holdings is given as $90 billion, placing Satoshi in 19th place among the wealthiest individual in the world.However, despite recent assertions, including one by a documentary on HBO and another by a questionable figure, no one knows who Satoshi Nakamoto is. The search for Nakamoto’s identity has been ongoing for years, and the answer remains unknown.The world’s largest cryptocurrency has become one of the most notable movers and shakers in recent weeks, reaching a new record high of $93,495 in yesterday’s trading session before decreasing its gains.At the time of writing, BTC was up 4.56% in the last 24 hours to $91,311 and up 22% weekly. That still puts previous price projections of $100,000 well within reach.Bullish options bets are concentrated on Bitcoin reaching $100,000, according to Deribit statistics. Inflows into U.S. Bitcoin exchange-traded funds exceeded $1 billion at the start of the week.While calling the possibility of a U.S. Bitcoin strategic reserve low, Galaxy Digital (TSX:GLXY) CEO Michael Novogratz stated that if it is implemented, the price of Bitcoin might skyrocket to $500,000.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding MENA’s flagship Web3 hackathon of the year with DMCC (Dubai Multi Commodities Centre) Crypto Centre on Nov.20, in Dubai. Following the immense success of its inaugural event, this year’s Pitch Day and After Party of Web3 Unleashed are not to be missed. The final showdown will feature 15 projects that made the cut, and members of the public may sign up to attend in person.Presented by DMCC and Bybit, Web3 Unleashed remains the largest hackathon of its kind in the region in its second edition. After an intense few weeks of innovation and creation on the battlefield of ideas and intellect, Pitch Day promises to be a dazzling showcase of blockchain innovation. Event Details:The brightest minds in crypto, global investors, technology insiders, and changemakers in the blockchain industry will gather on Pitch Day and at the exclusive After Party. The events are for meaningful networking with like-minded people and an opportunity to witness history as the 15 pioneering projects shape the future of Web3 in MENA and beyond. Empowering Web3 Innovation in MENAThe DMCC and Bybit hackathon stands to unleash the transformative potential of blockchain and Web3 technologies in solving real-world problems. From tokenization, and security, to AI applications, the all-encompassing line-up of competing projects stirred up incredible innovative power in the Web3 space in the region. With a prize pool exceeding 160,500 USDT, Web3 Unleashed offers more than just financial rewards. Winners gain access to exclusive acceleration programs, security audits, and invaluable industry mentorship. The 15 projects that made it to Pitch Day will be presented to the best of the best in the industry, and online to over 33,000 global viewers. In Aug. 2024, Bybit and DMCC announced the furthering of their strategic partnership to cement Dubai’s role as the Web3 capital of the world. The annual hackathon is part of the initiatives to energize the blockchain space and set innovation in motion in the region. More about the event: Web3 Unleashed #2 – Live Pitching Day & Afterparty#Bybit / #TheCryptoArkAbout 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 | YoutubeAbout DMCCHeadquartered in Dubai, DMCC is the world’s most interconnected Free Zone and the leading trade and enterprise hub for commodities. Whether developing vibrant neighborhoods with world-class properties like Jumeirah Lakes Towers and the much-anticipated Uptown Dubai or delivering high-performance business services, DMCC provides everything its dynamic community needs to live, work, and thrive. Made for Trade, DMCC is proud to sustain and grow Dubai’s position as the place to be for global trade today and long into the future.ContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

CME recorded the highest outstanding derivatives contract of approximately $18 billion, followed by Binance with $10.86 billion. The other three exchanges featured in the top five spots include Bybit, Bitget and OKX, with $7.52 billion, $5.53 billion and $4.43 billion, respectively.Open Interest (OI) refers to the total number of outstanding derivatives contracts for an asset. Increasing OI signals more activity and represents new money coming into the market. Thus, the latest surge in Bitcoin’s open contracts highlights the growing institutional demand for the world’s largest cryptocurrency. Intriguingly, U.Today reported earlier this week that spot Bitcoin Exchange-Traded Funds (ETFs) have surpassed $90 billion in total assets. Farside Investors data shows that spot ETFs attracted a total of $510 million worth of inflows on Nov. 13. Unsurprisingly, BlackRock (NYSE:BLK)’s IBIT led the charge with a total of $230 million worth of inflows. Fidelity’s FBTC came in a distant second place with $186 million.Many crypto analysts believe it is not yet done with its ongoing rally. Some forecasted that the price could reach $100,000 in the coming months. In a more bullish forecast, Galaxy Digital (TSX:GLXY) CEO Mike Novogratz said Bitcoin might surge to $500,000. His prediction, however, hinges on the leading coin’s adoption as a national reserve asset in the U.S.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is enticing new users with limited-edition virtual card designs. Until November 20th, applicants can choose from exclusive MBTI or Hamster-themed Bybit Cards, combining personalized flair with seamless crypto spending.Crypto enthusiasts and meme coin fans will appreciate these trendy designs, which remain tied to their Bybit Card after successful application. From now to Nov. 20, 2024, new users of Bybit who are eligible for the Bybit Card may simply sign up for Bybit and apply for the Bybit Card online to unlock the following rewards:Exclusive PerkNew users can add a touch of individuality to their Bybit Card with limited-edition designs during the event period. Successful applicants will receive a special MBTI or Hamster-themed Bybit Card at random. Users may have a little fun at this event and see if Bybit guesses their MBTI type right. Sharing is CaringExisting users have the chance to win a referral bonus by inviting friends and loved ones to apply for the Bybit Card. Successful referrals will allow the referrer to take home 20 USDT and the referee 10 USDT. Since Hamster Kombat’s launch, the Telegram-based crypto game where players can mine Hamster coins by managing a virtual crypto exchange has become a viral sensation among the internet generation and the crypto community. Now fans have an opportunity to get hold of a bespoke Hamster Bybit Card right in their digital wallet. The designs are assigned at random and cannot be changed once upgraded. Terms and conditions apply. Users can find out more about Bybit’s answer to everyday crypto spending on eligibility: Bybit Card#Bybit / #TheCryptoArkAbout 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 AuBybittony.au@bybit.comThis article was originally published on Chainwire More

SINGAPORE (Reuters) – The value of the global cryptocurrency market has topped $3 trillion as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class.The sum market value of cryptocurrencies touched a high of nearly $3.2 trillion early on Nov. 14 in Asia, according to analytics and data aggregator CoinGecko.That puts it above the heady days of 2021, when pandemic-era stimulus pumped up speculative investments, and marks a stunning revival from just a few months ago when crypto prices and turnover had been flatlining and the outlook was humdrum.Bitcoin dominates the market and the market value milestone coincided with the token’s rise to a record $93,480.”Generally the way this market goes is bitcoin will break out and then the rest of the altcoins will follow,” said Matthew Dibb, chief investment officer at cryptocurrency asset manager Astronaut Capital. “So there is that gradual rotation of capital…and then we can expect the total market cap to increase.” Trump’s election, and that of several pro-crypto lawmakers to Congress, has driven the wave of euphoria by apparently clearing some of the uncertainty around U.S. regulations.Bitcoin has doubled this year and is up 30% since the U.S. election on Nov. 5 to $90,000. Smaller cryptocurrency ether is up about 33% since the vote to $3,220.Dogecoin, an alternative and volatile token promoted by billionaire Trump-ally Elon Musk, has gained 140%.Crypto exchange-traded funds have also been heavily bought, market participants said, possibly an indicator of buying by financial institutions which tend to shy away from directly holding cryptocurrencies.”Bitcoin enthusiasts are known for bold predictions, but hitting $100,000 by year-end seems feasible,” said Carl Szantyr, founder and managing partner at Blockstone Capital.DEJA VUThe explosive rally is the latest in the boom-bust roller coaster that had bitcoin below $20,000 at the start of last year, in the depths of the “crypto winter” that followed the collapse of brokerage FTX and other crypto projects. To be sure, cryptocurrencies’ market value is dwarfed by traditional asset classes. At current prices, the value of the 209,000 tonnes of gold the World Gold Council says has been mined in history is worth nearly $19 trillion.The market capitalisation of the S&P 500 index is $50.6 trillion.Some parts of the ecosystem do also not show signs of recovery and others point to a degree of caution. Average sales prices for non-fungible tokens have been around $2,000 since May, according to NonFungible.com, which tracks the Ethereum and Ronin blockchains, and have kicked up, but only to about $2,700.In Singapore DBS Bank, which operates a digital exchange, said while trading had surged and it had executed more than one-third of last year’s total volume in the first ten days of November, investors were not yet heading into the more obscure parts of the market.”We’ve not seen our clients shift their assets towards more exotic platforms or decentralised exchanges,” said David Hui, chief commercial officer of DBS Digital Exchange.Still, those in the industry say the renewed attention will bring momentum.”There’s increased interest and willingness to look at DeFi and other possibilities associated with blockchain,” said Danny Chong, a co-founder of decentralised asset tracking platform Tranchess.”The heightened market capitalisation, which if sustained for a longer period, would likely also invite deeper interest into new and existing themes,” he said, including tokenisation of real world assets and blockchain-based payment services. More