Cryptocurrency

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The halving mechanism, built into Bitcoin’s code by its pseudonymous founder Satoshi Nakamoto, is scheduled to occur every four years, or every 210,000 blocks. This process continues until the maximum supply of 21 million Bitcoins is reached.The first halving was an important milestone for the Bitcoin network. At the time, Bitcoin was still in its early stages, with a small network of enthusiasts and miners. Bitcoin’s price on the day of its first halving was roughly $12.20. Despite initial fears about its impact on miners’ revenue, the halving event eventually fueled Bitcoin’s price rise. In the months following the first halving, Bitcoin’s price rallied, hitting above $1,000 by the end of 2013.Bitcoin’s most recent halving occurred on April 19, 2024, resulting in a block reward of 3.125 BTC. The next halving is expected to take place in April 2028, reducing the block reward to 1.5625 Bitcoin. The final halving is projected to happen in 2140, when the maximum supply of 21 million Bitcoin is expected to be reached.The digital asset gained the most in more than two weeks on Wednesday, reaching $97,386, before falling to $95,612 at press time, after touching intraday highs of $96,676 in early Thursday trading.Bitcoin came within $300 of the historic $100,000 threshold on Nov. 22 before losing approximately $9,000 in the days that followed. The token peaked at $99,728 on Friday before declining over the next four days. Bitcoin plunged as low as $90,682 on Tuesday before rebounding. Part of Bitcoin’s early dip this week was caused by profit-taking as the price approached a historic milestone, as well as by macroeconomic concerns.This article was originally published on U.Today More

Bybit, the world’s second-largest crypto exchange by trading volume, is celebrating six transformative years with its most exciting event yet: #Super6Bybit. This milestone anniversary highlights Bybit’s focus on innovation, featuring the continued success of its bbSOL token and an interactive campaign offering users a chance to win a share of the $1,200,000 prize pool.Since its launch in September 2024, bbSOL has set to redefine liquid staking as the first exchange-backed Liquid Staking Token (LST) on Solana. A product of Bybit’s collaboration with Solana, bbSOL provides users with the potential to earn consistent staking rewards while retaining asset liquidity. In just two months, bbSOL surpassed $100 million in total locked value, reflecting its popularity among seeking both flexibility and growth in their digital assets.The #Super6Bybit campaign adds an interactive twist to this success, inviting participants to “build, transform, and supercharge” their very own bbSOL. Running from November 28, 2024, to January 6, 2025, the campaign combines gaming mechanics, community engagement, and lucrative rewards:#Bybit / #bbSOL / #BybitWeb3About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume with 50 million users. Established in 2018, it offers 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

While responding to a comment under his tweet, Markus, who is also known on social media as Shibetoshi Nakamoto, shared whether he expects BTC to finally reach $100,000 after all.Billy Markus is well known for his ironic and playful manner of posting on social media. His sarcasm increases rapidly when he starts commenting on events related to cryptocurrency trading and price action.He has stated multiple times in his tweets that he does not believe that analysts really know why Bitcoin goes up or what pushes it down. This time, when a commentator asked Markus if he expects the world’s flagship cryptocurrency to break above $100,000, the Dogecoin co-creator published an animated GIF that stated: “This sh***t again.”Between Monday and Tuesday this week, the largest crypto plunged from the $98,670 zone, hitting a low of $90,900. By Wednesday, Bitcoin recovered, adding 7.12% as it managed to reach $97,353. Since then, the digital gold has shed 2.37% and is currently changing hands at $95,058. Multiple traders are now locking in profits, preventing Bitcoin from reaching $100,000. Recently the founder of Capriole Investments fund referred to this level as the biggest sell wall that has ever existed.He believes that government spending should be controlled: “It’s a quite literal death loop where the only solution is hyperinflation, which would ruin us.”“Go doge go,” Markus concluded his tweet. Elon Musk, a friend of Markus, has been appointed as one of the two bosses of the newly formed governmental organization, and he has now taken on his new duty.This article was originally published on U.Today More

By removing Tornado Cash smart contracts from the list of sanctions, the court’s ruling essentially permits U.S. citizens to reuse the procedure. An open-source tool for protecting privacy called Tornado Cash was sanctioned on the grounds that it made illegal activity possible. However, the court determined that the Treasury had overreached itself because these immutable smart contracts are not considered property under the sanctions framework because they cannot be owned. Coinbase emphasized that outright banning open-source technology is not the answer, even though no one condones criminals abusing crypto protocols.The decision reaffirms that Congress did not intend to target a decentralized tool because of the behavior of a small percentage of users. By defending the rights of blockchain developers and users, this ruling acts as a vital check on government overreach. The court’s careful review was appreciated, and Coinbase’s Chief Legal Officer Paul Grewal underlined the company’s ongoing dedication to promoting just and open crypto laws.He emphasized the significance of encouraging creativity while maintaining accountability, a balance that this case aids in achieving. Coinbase promised to continue working to create a transparent and innovative regulatory environment in the United States and beyond.This triumph establishes a standard for how decentralized technologies ought to be handled in legal and regulatory frameworks, not only for Tornado Cash but also for the larger cryptocurrency sector. A landmark victory for liberty and cryptocurrency is certainly a big win for the industry and the freedom of digital assets.This article was originally published on U.Today More

CryptoAutos, the world’s first blockchain-powered luxury automotive marketplace, announces the launch of its native $AUTOS Token. Starting with a Fixed Price Community Launch on Fjord Foundry on December 3rd 2024, which will run for 3 days, followed by the Token Generation Event (TGE) and exchange listings in the coming weeks.At the core of the CryptoAutos ecosystem, $AUTOS introduces blockchain-driven solutions for transactions, staking, governance, and user engagement. With a Community Launch model, the platform prioritises community-driven, decentralised token distribution over venture capital.To mark the launch, CryptoAutos is offering a chance to win a Lamborghini Urus, showcasing its blend of blockchain innovation and luxury.Transforming Luxury Car Ownership with $AUTOSThe $AUTOS token aims to redefine how people interact with luxury cars, offering flexibility, transparency, and security. It facilitates seamless transactions, removes traditional banking barriers, provides a native token for the upcoming RWA platform and enables participation in the Gold membership service for the marketplace.Beyond transactions, $AUTOS empowers its community through decentralised governance, giving users a voice in shaping the platform’s future. It also incentivises loyalty with discounts, exclusive offers, and potential rewards, while providing dealers with advertising solutions within the CryptoAutos ecosystem.Through their luxury automotive marketplace, CryptoAutos is bringing to market one of the most powerful crypto to fiat off-ramps in the industry, giving real world utility to top tokens like, $BTC, $ETH, $BNB and many more. CryptoAutos has already generated over $58m in sales revenue to date through their automotive marketplace, and just recently completed the first ever car sale in $TON.Setting a New Benchmark for Token LaunchesCryptoAutos wants to raise the bar with its Community Launch model with Fjord Foundry, meant to ensure equal access and transparency for all participants. By allocating 110 million $AUTOS tokens through a public sale and securing up to $750,000 USDT in liquidity, the platform is prioritising a sustainable, community-driven approach over traditional VC funding.Exploring the Future of Luxury on BlockchainCryptoAutos is the world’s first blockchain-powered luxury automotive marketplace, offering a secure and transparent platform for purchasing high-value vehicles with cryptocurrency. By integrating Web3 technologies, CryptoAutos simplifies the buying process, providing a seamless experience for car enthusiasts and investors alike. Through its innovative $AUTOS token, CryptoAutos connects blockchain technology with real-world assets, creating a new standard for luxury ownership.To participate in the $AUTOS public sale, users can head to Fjord Foundry on the 3rd of December – https://app.fjordfoundry.com/token-salesFor more information, users can visit the links below:This article was originally published on Chainwire More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, invites users to test their conviction in the classic human vs machine debate in a new Copy Trading Face-Off trading competition. With a 200,000 USDT prize pool for top traders and lucky voters, the competition gives traders a chance to be rewarded for living by their trading style. As the science of trading evolves with the abundance of data, tools, and new trading solutions, traders are increasingly combining intuition and data-driven insights, as well as human judgement and AI-powered precision. With Bybit Copy Trading, users may choose between both options or craft their own trading strategies in mixed models.The competition offers multiple ways to access the prize pool for traders on either side of the battle, and of all skill levels:To ring in an auspicious new trading year, users will still stand a chance to unlock 20% of the total prize pool if they have joined a losing squad. Another 15% of the prize pool will go to the top 100 traders by trading volume. For more information on the competition and terms and conditions, users may visit: Copy Trading Face-Off: Human vs. Bot.#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

Moongate has officially launched its native token, $MGT, marking a significant milestone in the company’s mission to reshape brand-consumer engagement and redefine the value of user attention.Moongate is the first attention asset protocol for real-world activations. Launched in 2022, Moongate Protocol is actively utilized by over 3,800 brands and creators, including Binance, OKX, Token2049, EthDenver, Animoca, Wonderfruit, ComplexCon, and Sony (NYSE:SONY). The protocol has empowered thousands of brands to launch smart token campaigns, driving engagement from more than 1.7 million end users.As the digital landscape continues to evolve, the $MGT token introduces a structured, incentive-based model for brands and consumers alike. Designed to support real-world brand activations, loyalty programs, and consumer engagement, $MGT allows users to earn rewards through participation in token-based campaigns while brands can leverage the protocol to interact more meaningfully with their audiences.$5.2M in Funding and Upcoming Exchange Listings for $MGTTo achieve this vision and further fuel growth, Moongate successfully secured over $5.2 million in total funding. This includes investments from CMCC Global, Cogitent Ventures, and Token Bay Capital, as well as public sale proceeds from multiple Tier-1 launchpads. The fundraise reflects strong market interest in Moongate Protocol and $MGT, highlighting growing recognition of Moongate’s role in the attention economy.Following the launch of the $MGT token, it is now trading on Bitget, KuCoin, Gate.io, MEXC, and PancakeSwap.Bridging Digital and Real-World EngagementMoongate’s platform empowers brands to create and distribute smart tokens, offering a streamlined solution for businesses to connect directly with users both online and offline. Through initiatives such as NFT memberships, event tickets, and token-gated benefits, Moongate facilitates real-world utilities for brands. $MGT is at the core of this ecosystem, serving as the primary medium for rewards, user incentives, and engagement tracking.The launch of $MGT brings multiple features to users and brands:Community AirdropIn line with Moongate’s commitment to rewarding early supporters, the protocol will distribute a portion of the total $MGT supply through a community airdrop. The snapshot was taken on November 15, 2024, and eligible users can now claim their $MGT tokens on claim.moongate.id.What’s Next (LON:NXT) for MoongateWith the launch of $MGT, Moongate is set to expand its platform features while strengthening its partnerships with both Web2 and Web3 brands. Upcoming updates include enhanced staking features, an expanded rewards marketplace, and the release of MoonPad, a launchpad for partner token campaigns. These developments aim to deepen user participation and provide brands with powerful tools to create immersive experiences for their audiences.For more information on $MGT and Moongate’s vision for the future of attention assets, users can visit Moongate’s official website.About MoongateMoongate is an attention asset protocol disrupting the $1T+ attention economy. The protocol consists of two key layers—a utility layer for brands to issue smart token campaigns for real-world engagement, and a data layer where such on-chain engagement data are monetized at scale by key stakeholders. Moongate aims to disintermediate centralized platforms to maximize brand-consumer value. It also introduces an innovative “engage-to-earn” mechanism that promotes active consumer participation for brand rewards and a share of $MGT emission.To learn more users can visit Moongate’s Official Website | Twitter | LinkedInContactCEOJonathan MuiMoongatecontact@moongate.idThis article was originally published on Chainwire More