Cryptocurrency

This increase in the App Store ranking is a precursor to growing consumer interest, which is a major factor in long-term cryptocurrency rallies. When Bitcoin is rising, more people usually want to buy in or increase their holdings, which naturally increases the number of downloads for well-known cryptocurrency trading apps like Coinbase. Prior cycles have seen Coinbase even break into the top 10 during market peaks, indicating that as Bitcoin gets closer to all-time highs, retail investor excitement frequently erupts. Given the state of the market, Bitcoin has been exhibiting incredible strength. Trading volume has increased dramatically since it firmly broke out of the downward channel that held its price for months. Major support levels are still in place, making the $90,000 target seem more and more attainable. In a strong bull market, technical indicators like the RSI approach overbought levels, but this does not necessarily mean that the market will immediately reverse; rather, it emphasizes increased demand. Coinbase’s ascent in the app rankings also suggests that a period of increased public interest may be upon us, which would support the market’s expansion. Significant price spikes may result from this type of retail interest, particularly if it coincides with high buying volume and ongoing institutional interest.This article was originally published on U.Today More

Meta Platforms (NASDAQ:META) follows behind Bitcoin, which hit the $1 trillion milestone 17 years after launching. Next (LON:NXT) on the list is Elon Musk’s Tesla (NASDAQ:TSLA), followed by Alphabet (NASDAQ:GOOGL), which hit $1 trillion in 18 and 22 years, respectively. Saudi Aramco (TADAWUL:2222), a long-standing petroleum and natural gas company, marked 10th place as it hit $1 trillion in 86 years.Intriguingly, the leading cryptocurrency recorded the highest Compound Annual Growth Rate (CAGR) at 176.54%. CAGR measures an investment’s annual growth rate over time, with the effect of compounding taken into account. Therefore, Bitcoin’s latest CAGR means investors have received a 176.54% gain on their investments in the past year. This is a huge achievement for Bitcoin, as prominent firms like Microsoft (NASDAQ:MSFT) recorded a CAGR of 31.97%.Bitcoin’s performance among these reputable global companies highlights its growing adoption among traders and investors. In the past reported week, Bitcoin’s price has increased by 19.7%, fueling positive sentiment from investors.While the Bitcoin market remains bullish, prominent American angel investor Jason Calacanis predicted that BTC might crash to zero. However, such a scenario, with less than 5% probability, seems very unlikely.This article was originally published on U.Today More

Brevis has announced the raise of $7.5 million in seed funding led by Polychain Capital and Binance Labs, and with participation from IOSG, Nomad Capital, Bankless Ventures, and HashKey, as well as a number of amazing angel investors. Brevis is a smart verifiable computing platform that brings infinite scalability to existing blockchains without liquidity or state fragmentation. Brevis enables blockchain applications to offload complex and expensive computation that was not possible to do on-chain, to a minimal-cost off-chain network where a ZK Proof of the computation result is generated. This ZK Proof can then be verified in on-chain smart contracts so that the applications are able to utilize the computation result with the same level of security as direct on-chain computation, all completely trust-free and at a fraction of the cost!Brevis launched a ZK Coprocessor as the first product, which empowers smart contracts to trustlessly access and run arbitrary computation on historical on-chain data, such as transactions, events, and states. Using Brevis’s programmable SDK, developers can easily build powerful data-driven and computation-intensive dApps without requiring them to understand the underlying cryptographic and mathematical complexity. Brevis creates the opportunity for new use cases and features such as continuous protocol incentive distribution, user engagement and retention programs, decentralized blockspace marketplaces, user experience customization, autonomous DeFi parameter tuning, trust-free active liquidity management, automatic risk management in yield aggregators, intent automation and much more. Brevis also unveils its launch partners, who are building and launching exciting new products and features using the Brevis SDK. Some of these partners have already launched Brevis-powered features on mainnet, such as Kwenta, JoJo Exchange, and Trusta. Many other top protocols and dApps, such as PancakeSwap, Celer, Usual, Frax, Gamma, Quickswap, Tokemak, Mask Network, Algebra Labs, Thena, 0G, Bedrock, Mellow Finance, ZettaBlock and Hemera are building Brevis-powered next-generation product and features.Brevis has also launched one of the first EigenLayer AVSes to enable a novel propose-challenge coprocessing model that drastically reduces ZK computation costs with a tradeoff of a slightly increased delay.About BrevisBrevis is an efficient, verifiable off-chain computation engine that brings limitless computation capacity to existing smart contract blockchains. Utilizing zero-knowledge proofs, Brevis offloads data-intensive, costly computations from on-chain environments to a drastically lower-cost off-chain engine, and empowers Web3 applications to scale seamlessly while preserving the security of L1 trust assumptions.With Brevis’s versatile Go SDK, smart contracts can access blockchain states, transactions, and receipts across multiple blockchains and timeframes. DApps can transform complex business logic that are expensive to execute with smart contracts into succinct, low-cost circuit outputs that are mathematically verifiable on-chain. Powered by Brevis, use cases like data-driven DeFi, personalized GameFi experiences, and on-chain reputation systems can unlock the full potential of decentralized data, and accelerate blockchain adoption on a broader scale.Website | Blog | Telegram | Twitter | GithubContactMarketing LeadZoe Leepr@brevis.networkThis article was originally published on Chainwire More

Excitement around bitcoin rally triggered gains even before the official market opening, which reflects strong buying interest among crypto investors.Leading the way was MicroStrategy Incorporated (NASDAQ:MSTR), the publicly traded company holding the largest bitcoin reserve, which saw its shares jump 11% to over $300. Medical device company Semler Scientific (NASDAQ:SMLR), which spent $71 million on its bitcoin buys, surged by 25% to a fresh year peak. America’s largest crypto exchange Coinbase (NASDAQ:COIN) wasn’t far behind with a nearly 17% boost as the price action unfolded.Mining companies, with bitcoin reserves on their balance sheets, joined in on the rally. MARA Holdings, holding 26,842 BTC—the second-largest amount after MicroStrategy—led the sector with a 20% increase. Shares of other cryptocurrency exposed stocks saw double-digit gains as the bitcoin wave lifted the broader sector. Riot Platforms (NASDAQ:RIOT) closed at $12.81, up 3.5% over the past 24 hours, while Ebang International Holdings (NASDAQ:EBON) added 3.1%, ending at $6.96. Other crypto miner like Hut 8 Corp (NASDAQ:HUT) gained 2.6% to $19.59, while Cipher Mining (NASDAQ:CIFR) traded higher by 3.3% to $7.16. HIVE Blockchain Technologies Ltd (NASDAQ:HIVE) was up 2.9% to $4.65, Stronghold Digital Mining Inc (NASDAQ:SDIG) rose 3.5% to $5.38, Bakkt Holdings Inc (NYSE:BKKT) added 2.7% to $9.82, and Bitfarms Ltd (NASDAQ:BITF) secured a 3.1% gain, closing at $2.24.Bitcoin’s latest rally came right alongside Donald Trump’s U.S. presidential election victory, which seemed to ignite a few days of upbeat sentiment in the crypto world. Bitcoin’s market cap surged to $1.16 trillion, cementing its spot as the ninth-largest financial asset. The cryptocurrency market as a whole reached a year-high, climbing past $2.7 trillion.The President-elect promised to make the United States the “crypto capital of the planet.” His campaign promises to the industry include creating a national crypto reserve with over $16 billion in Bitcoin the government acquired from asset seizures. He also plans to cut interest rates, a move that often aligns with rising crypto prices as it lowers the cost of borrowing.Altcoins joined the rally, with Dogecoin and Shiba Inu leading the charge among major tokens. Dogecoin jumped by 88% over the past month buoyed by endorsements from Elon Musk, and flipped both XRP and stablecoin USDC late Sunday, climbing to the sixth-largest token position. Although other major tokens saw moderate gains, some investors chose to take profits after Friday’s rally. More

He referred to the Gold Chart 2010 to determine what this pattern implies. The two assets exhibit the same setup when Gold’s price crosses the $1,000 resistance level. From that point, Gold’s price has soared as high as $2,672.60, more than double the price at the time.If this correlation determines the trend, the price of Bitcoin may soar as high as $200,000 in the long term. This projection aligns with numerous bullish calls from market analysts, including Peter Brandt.MicroStrategy plans to invest $42 billion in the coin in the next few years. This will complement many countries’ growing push for a Bitcoin reserve.As Bitcoin accumulation intensifies, so does the utility. Earlier, Cardano linked up with BitcoinOS’s Grail Bridge to drive liquidity from BTC to its DeFi ecosystem. This trend helps to fuel the projected growth rally.This article was originally published on U.Today More

LONDON (Reuters) -Bitcoin soared to a record high above $82,000 on Monday (NASDAQ:MNDY) on expectations that cryptocurrencies will boom in a favourable regulatory environment following the election of Donald Trump as U.S. president and of pro-crypto candidates to Congress.The world’s biggest and best-known cryptocurrency, has now more than doubled from the year’s low of $38,505 and was last at $82,236, having earlier touched a record high of $82,527. Trump embraced digital assets during his campaign, promising to make the United States the “crypto capital of the planet” and to accumulate a national stockpile of bitcoin.”Bitcoin’s Trump-pump is alive and well… with Republicans on the cusp of taking the house to confirm a red wave in Congress, it seems the crypto crowd are betting on digital-currency deregulation,” said Matt Simpson, senior market analyst at City Index, referring to Republican control of both houses.While Simpson warned that Trump’s near-term priorities are likely to lie elsewhere, crypto investors see an end to stepped-up scrutiny under U.S. Securities and Exchange Commission Chair Gary Gensler whom Trump has said he will fire.The cryptocurrency industry spent more than $119 million backing pro-crypto congressional candidates, many of whom won their races.In Ohio, one of the crypto industry’s biggest foes in Congress – Senate Banking Committee Chair Sherrod Brown – was ousted, while pro-crypto candidates from both the Democratic and Republican parties won in Michigan, West Virginia, Indiana, Alabama and North Carolina.Trump also unveiled a new crypto business, World Liberty Financial, in September. Although details about the business have been scarce, investors have taken his personal interest in the sector as a friendly signal.Billionaire Elon Musk, a major Trump ally, is also a proponent of cryptocurrencies.Eric Trump, one of the president-elect’s sons and executive vice president of his private conglomerate, The Trump Organization, is a keynote speaker at a bitcoin conference in Abu Dhabi next month, according to the event organisers.”The incoming Trump administration may lead to expedited regulatory clarity, enhanced institutional participation, improved market infrastructure, and broader mainstream adoption,” Deutsche Bank (ETR:DBKGn) research analyst Marion Laboure said.”Trump’s pragmatic approach marks a clear departure from recent regulatory restrictions.”Flows into cryptocurrency exchange-traded funds (ETFs) have also picked up since Trump’s election win. On Thursday, Nov. 7, bitcoin ETFs experienced their largest inflows on record, drawing a net $1.38 billion, according to data from Citigroup (NYSE:C). “There have been significant inflows across the board,” Citi analysts said in a note. “ETF inflows have been the dominant driver of Bitcoin returns, and we expect this to continue in the near-term,” they added. Gains in cryptocurrencies have been broad. Ether rose above $3,200 for the first time in over three months over the weekend and was last fetching $3,182. Dogecoin, an alternative cryptocurrency that began as a satirical critique of the 2013 crypto frenzy, was at a three-year high. U.S.-listed cryptocurrency stocks surged in premarket trading with crypto exchange Coinbase Global (NASDAQ:COIN) jumping more than 16%, and iShares Bitcoin Trust up 7.3%.Crypto miner Riot Platforms (NASDAQ:RIOT) surged over 10%, while MicroStrategy, one of bitcoin’s biggest corporate backers, gained 11.3%.Deutsche Bank’s Laboure also expects rate cuts from the Federal Reserve to create a supportive environment for the cryptocurrency market. More

Bernstein analysts on Monday (NASDAQ:MNDY) outlined their very bullish stance on the cryptocurrency sector, primarily due to a favorable regulatory environment expected under the administration of President-elect Donald Trump.“We expect a crypto-friendly regulatory environment under Trump, starting with a pro-crypto SEC,” analysts led by Gautam Chhugani said in a note. “Aides in the Trump’s transition teams are explicitly pro-crypto,” they added.Bitcoin’s price soared past the $80,000 mark over the weekend, a rally that coincided with President-elect Trump’s crypto-friendly policy announcements. Among these, the most notable for Bitcoin is the proposal to establish a national Bitcoin stockpile, which would involve the US government and its agencies holding and acquiring Bitcoin as part of a strategic reserve.Although such a move would require legislation and might only come to fruition in 2025, Bernstein views this as a clear sign of Bitcoin’s potential integration into national treasuries.The investment said it “remains confident” in its 2025 Bitcoin price target of $200,000. “Even at $81K/Bitcoin, we believe risk-reward is favorable over next 12 months,” analysts noted.The surge in Bitcoin also bodes well for publicly listed Bitcoin miners, who are now profiting with the cryptocurrency’s price well above their average cash cost of production.Despite lagging behind earlier in the year, Bernstein points out that companies like Riot Platforms (NASDAQ:RIOT) and CleanSpark (NASDAQ:CLSK) are now seen as potentially catching up, thanks to their sizable energy assets and positioning as top miners. Marathon Digital Holdings Inc (NASDAQ:MARA), holding a significant portion of its market cap in Bitcoin, is also highlighted despite its year-to-date decline.“We believe, the pure-play miners will be the catch-up trade from here,” analysts said.Furthermore, Bernstein pointed to AI-focused Bitcoin miners, which offer investors exposure to both Bitcoin and artificial intelligence. Iris Energy Ltd (NASDAQ:IREN), with its substantial capital expenditure plan, is poised to become a top five Bitcoin miner while earning a portion of its revenue from its GPU Cloud business. Meanwhile, Core Scientific Inc (NASDAQ:CORZ) is aiming to become a leading AI data center platform, with ongoing discussions to expand its client base and additional power sites to bolster its operations.Other individual stocks that Chuggani and his team believe are poised to benefit from the crypto bull market include MicroStrategy Incorporated (NASDAQ:MSTR) and Robinhood (NASDAQ:HOOD). More

Proven-at-Scale Technology Enhances Security, Privacy, Compliance and Incentives for Global Digital FinanceVirtual Assets Lab, AG (VAL.com) is pleased to announce the launch of its next-generation stablecoin management and wallet platform. Designed to advance digital finance, this platform offers secure, compliant, and customizable solutions for users, blockchain networks, exchanges, institutions and governments Virtual Assets Lab’s technology has already been proven-at-scale with over $100 billion in managed transactions and more than one million mobile app installations across 180+ countries, achieving an average rating of 4.5+. Introducing “1Currencies” Launching symbolically on 11/11, Virtual Assets Lab (VAL.com) is excited to debut our flagship stablecoin line, “1Currencies” – a comprehensive suite of G10 currencies beginning with 1USD. With over 99% of stablecoin transactions in USD, 1USD ensures compliance and security, while offering cutting-edge features and attractive economics. Introducing “VAL Mobile App”With the new VAL app, users gain a streamlined way to create and manage wallets, access stablecoins, and establish self-sovereign IDs (SSIs) backed by verified credentials, enhancing security and privacy. The app supports interaction with decentralized applications (dApps), exclusive marketplace offerings, and provides free hack monitoring for user assurance. Designed to bring Web3 capabilities to everyday users, the VAL app promotes greater control and confidence in digital finance.Virtual Assets Lab’s Key Benefits:Proven-at-Scale: Virtual Assets Lab’s stablecoin management system has successfully handled over $100 billion in transactions and VAL’s mobile app has achieved over one million installs from users in more than 180 countries, with an average rating of 4.5+. Flexible Pricing with Shared Economics: Virtual Assets Lab offer flexible pricing models, lower startup costs, and yield-sharing options, making VAL an ideal partner for Layer 1 blockchain networks and exchanges seeking cost-effective stablecoin solutions.Support for G10 Currencies: Virtual Assets Lab’s platform supports multiple fiat currencies, including USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD, SEK, and NOK, facilitating global adoption and accessibility.Chain-Agnostic and Exchange-Neutral Design: Virtual Assets Lab’s stablecoins are compatible with various blockchain networks and exchanges, providing flexibility and promoting financial inclusion.Highly Customizable & Easy to Integrate: Virtual Assets Lab’s cutting-edge platform is highly customizable, easy to integrate and offers robust support services, enabling more efficient onboarding and ongoing management.Virtual Assets Lab’s Trust Layer:Compliant & Licensed: Virtual Assets Lab are licensed and registered across various jurisdictions including; VQF (Switzerland ), EMI* (Europe ), VASP (Europe) & AUSTRAC (Australia).Secure and privacy-first: Virtual Assets Lab’s stablecoin platform is partnered with trusted custodians and utilizes secure back-end cross chain transferability and high security. Virtual Assets Lab’s mobile app wallet technology is SOC II compliant and leverages self-sovereign identity (SSI) and reusable, verified credentials (VCs) for added security and privacy.Transparent: Virtual Assets Lab offer full transparency by publishing third party, real-time attestations, legally attesting to the balances held backing “1USD” cross-referenced against ” 1USD” balances on chain.About Virtual Assets Lab (VAL.com)Virtual Assets Lab (VAL.com) is a digital finance infrastructure provider specializing in stablecoin management and wallet solutions. With a team of seasoned professionals experienced in web3 and crypto projects, leading consumer and enterprise technology, finance, and compliance, VAL is dedicated to supporting the global transition to digital finance.For Media Inquiries:Virtual Assets Lab Team / hello@val.comContactCo-FounderBill WolfVirtual Assets Lab (VAL.com)bill@val.comThis article was originally published on Chainwire More