Cryptocurrency

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is raising the stakes for newcomers to crypto trading in a new campaign with generous rewards. Available to select customers only, the exclusive event gives first-time depositors the chance to earn from anywhere from 5 USDT all the way up to 0.1 BTC via select payment gateways.For a limited time, users may officially kick off their crypto journey via Bybit One-Click Buy by making a first deposit to unlock exclusive rewards. After registering for the event and making an eligible deposit of at least $100, participants will receive a lucky draw ticket. Each ticket will guarantee a 100% winning chance, with USDT prizes from 5 USDT up to 500 USDT, plus the most coveted prize of 0.1 BTC. Event Details:#Bybit / #TheCryptoArk About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Users can discover the future of decentralized finance at Bybit.com.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@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

On social media, Markus is widely known under the alias Shibetoshi Nakamoto. In this post, the popular “WAGMI” acronym was mentioned, which is supposed to be bullish and optimistic.In that screenshot, Bitcoin dropped below the $98,000 level, but in the past hour, the world’s flagship crypto has extended its crash by going down to $96,076 per coin. Overall, since Thursday, this constitutes a 6.45% decline from the $102,000 price mark.Shibetoshi Nakamoto’s brainchild, Dogecoin, has crashed harder, falling by almost 17% from $0.36668 to $0.30491, where it is currently changing hands.The second biggest cryptocurrency by market cap, Ethereum, has experienced an 11.2% crash, rapidly declining from $3,711 to $3,301 as of this writing.The crypto market has faced stunning losses as $1.2 billion worth of crypto has been wiped out. Among those, the liquidations of long positions constituted the majority of the losses – $1.07 billion triggered by the speech of the Fed Reserve chairman Jerome Powell that the U.S. central bank intends to drastically reduce interest rate cuts. The next easing will be 25 basis points rather than 100, as was expected by crypto fans and the financial community in general.Shibetoshi Nakamoto reacted by posting an animated GIF to agree with that statement. But that response also seems rather ironic.This article was originally published on U.Today More

Bitcoin fell 3.7% to $97,002.0 by 00:46 ET (05:46 GMT). It fell below the $100,000 mark on Thursday after the Fed officials signaled a slower pace of rate cuts in 2025, with broader cryptocurrency markets also falling sharply.The world’s largest cryptocurrency hit an all-time high of $108,244.9 on Tuesday, after which prices tumbled on profit-taking and an uncertain macroeconomic outlook.This sell-off further intensified after the Fed forecastjust two more interest rate cuts in 2025, against previous expectations of four.The central bank’s hawkish stance weighed on Bitcoin as tighter monetary policy reduces liquidity, making speculative assets like cryptocurrencies less attractive.Moreover, Fed Chair Jerome Powell said the central bank has no intention of participating in any government initiative to stockpile substantial amounts of bitcoin. This underscored growing doubts about a Strategic Bitcoin Reserve, given the regulatory hurdles it is likely to face.Incoming President Donald Trump had raised the prospect of a Bitcoin reserve, during an interview with CNBC last week. El Salvador’s government said on Thursday it will continue purchasing bitcoin, potentially at a faster rate, following a financing agreement with the International Monetary Fund.The country’s President Nayib Bukele on Wednesday agreed to scale back Bitcoin’s role in the El Salvador economy in return for a crucial $1.4 billion loan from the IMF. Bukele had in 2021 adopted Bitcoin as El Salvador’s national currency, and had even planned to issue bonds backed by the country’s Bitcoin holdings.The IMF had advised the government to reduce its exposure to the cryptocurrency, with El Salvador’s Bitcoin ambitions largely cutting it off from access to global debt markets.Still, the country’s Bitcoin stockpile has seen a large jump in valuation after the crypto’s latest rally.Other cryptocurrencies fell more sharply than Bitcoin, as traders assessed the Fed’s hawkish tilt. With several consecutive days of declines this week, most altcoins have lost all the hefty gains they recorded last week.World no.2 crypto Ether slumped 7.5% to $3,3379.39. Ether has fallen for four consecutive days and has lost nearly 15% during this period.World no.3 crypto XRP fell 2.5% to $2.3009.Solana fell 6.4% and Polygon slumped 7%, while Cardano fell more than 8% to $0.8965.Among meme tokens, Dogecoin plunged 11.2% to $0.3199. More

On the one hand, the market has seen a great leap in adoption, but on the other hand, its independence and originality have noticeably decreased, and the movements of a number of cryptocurrencies are repeating the performance of key stock market indices. We mean the U.S. stock market, of course. Now, in anticipation of the opening of the U.S. market, one can often see large movements of cryptocurrencies, mainly the same BTC and ETH. Sometimes, however, these transfers cause more excitement than most. For example, in the last hour, such a surprise was caused by the transfer of 1,762 BTC, which is equivalent to almost $180 million, as well as 20,467 ETH, equal to about $75.46 million.Such moves from unknown wallets to centralized exchanges are causing excitement among crypto market participants, due to the fact that they are considered a harbinger of an imminent sale by a major player.Whether that is the case here is an open question. Nevertheless, right now, the price of Bitcoin is not falling, but even on the contrary is cheerfully green by more than 2.1%, which is very impressive for an asset with a capitalization of more than $2 trillion. The price of Ethereum is also trading in the plus side since the opening of the trading day.This article was originally published on U.Today More

Those inflows comprise hundreds of millions of US dollars. The smallest one constituted $103 million on November 27. The largest one comprised $766.66 million on December 5. The most recent inflow featured in the table on the screenshot was registered on November 18 and was $275.39 million.“Probably nothing,” Michael Saylor tweeted. The Bitcoin ETFs were approved for trading in January this year. Since then, more than a dozen Bitcoin funds entered the market and began accumulating BTC on a daily basis.The miner has acquired this BTC batch for approximately $100 million, paying roughly $101,710 per coin on average. Similar to Saylor’s company, Hut8 is building up its own strategic Bitcoin reserve which after this new acquisition constitutes more than 10,000 BTC worth approximately $1 billion as of December 18.This article was originally published on U.Today More

This marks the fourth consecutive year losses have exceeded $1 billion, with incidents rising to 303 from 282 in 2023.The surge comes as bitcoin soared 140% this year, surpassing $100,000 and attracting institutional investors and support from U.S. President-elect Donald Trump.”As the digital asset market booms, it is typical to see the illicit use of crypto grow in tandem,” Chainalysis’ cybercrimes research lead Eric Jardine said.Most stolen funds resulted from private key breaches, primarily targeting centralized platforms. Major hacks included $305 million from Japan’s DMM Bitcoin in May and $235 million from India’s WazirX in July.North Korea-linked crypto theft hit a record $1.3 billion in 2024, more than doubling from last year, the report said. The UN has previously stated that cryptocurrency helps North Korea evade sanctions, a claim the country denies. More

Acurast, a leader in decentralized confidential cloud computing, announces the launch of Acurast Processor Lite for iOS, now available on the Apple (NASDAQ:AAPL) App Store. This application allows iPhone users to share their device’s computing power with Acurast’s decentralized confidential cloud network, offering an opportunity to earn rewards in return.By harnessing the advanced processors in mobile devices, Acurast makes it possible for regular phones to operate as powerful computing providers. With this new expansion to iOS, Acurast’s ecosystem grows bigger, welcoming iPhone users into a network that’s changing the way cloud computing is done. This shift marks a step forward in accessibility and control over how compute power is managed worldwide.Acurast also takes a unique, sustainable approach: repurposing mobile phones with damaged screens or unused older models into affordable compute resources. These upcycled devices become cost-effective alternatives to traditional servers, bringing sustainability into the heart of cloud infrastructure.Users providing compute power through Acurast Processor Lite can earn rewards in the form of cACU tokens. Each user can earn up to 250 cACU per month in bootstrapping rewards simply by running the Processor connected to the internet. Additional rewards are earned whenever developers deploy applications on the Acurast Cloud and utilize the user’s Processor resources.Key Features of Acurast Processor Lite for iOS:● Providing Compute Power Used By Developers To Deploy Their Applications: Getting started with users’ everyday phones or onboard upcycled devices.● Broading Compatibility: Supports iPhone 6s and newer models, allowing a wide range of users to participate.● Secure and Private: Maintains data security and user privacy, giving users peace of mind.iPhone users can join the Acurast Cloud Rebellion by downloading Processor Lite iOS. Whether with an everyday phone or dedicated upcycled devices, joining means earning rewards and supporting a shift toward a more decentralized, sustainable, and user-driven confidential cloud infrastructure.About AcurastAcurast is transforming the cloud landscape by championing mobile-powered disruption in decentralized, confidential, and accessible computing. By enabling individuals to contribute compute power from their phones, Acurast is building a decentralized, serverless cloud that democratizes access to computing resources.Press Contact:Pascal BrunCo-FounderAcurast AssociationEmail: pascal@acurast.comContactComms and PR managerJonathan DuranDistractiveJonathan@distractive.xyzThis article was originally published on Chainwire More

Europe’s leading cryptocurrency exchange, WhiteBIT, concludes the year with notable achievements. The latest estimates reveal the company’s capitalization has reached $38.9 billion, while the annual trading volume surged to $2.7 trillion — a 200% increase compared to the previous year. These figures encompass all exchange markets (spot and futures), showcasing the company’s rapid growth and the increasing trust of its users.For context, WhiteBIT’s trading volume surpassed major players like Kraken, whose annual trading volume stood at $628 billion. WhiteBIT’s trading volume exceeds the GDP of countries like Italy or Canada and approaches the GDP of France, valued at $3 trillion.In the fall of 2024, WhiteBIT secured its position as the second-most visited crypto exchange, with 33 million visits to the platform. This achievement positions it just behind Binance, reflecting the steady interest in WhiteBIT’s services.Key Drivers of GrowthOne of the primary contributors to WhiteBIT’s record trading volume has been the onboarding of institutional clients. The exchange introduced a market maker program tailored to the requirements of large-scale traders. With low fees and rebates as high as -0.01%, the program provided conditions for high-frequency trading, drawing professional traders to the platform. Institutional loans also became a cornerstone for building trust within the professional community, enabling large-scale transactions.The platform’s technical infrastructure also contributed, with features such as colocation to reduce latency, sub-accounts for strategy diversification, and a robust API supporting its services for institutional clients.The introduction of a new affiliate program contributed by engaging communities of retail traders, supporting user acquisition, and enhancing trading activity, which played a role in WhiteBIT’s strong performance.Currently, the exchange serves over 1,300 institutional clients.Expanding Global ReachToday, over 30 million people worldwide use services and products from the WhiteBIT Group holding. These include the centralized exchange WhiteBIT, the crypto payment solution Whitepay, the decentralized exchange WhiteSwap, the NFT marketplace white.market, and the gaming platform Pocket Rocket. Additionally, WhiteBIT Group encompasses Whitechain, its proprietary blockchain, and WhiteBIT Coin (WBT), which has experienced 349.39% growth over the year.With 600+ trading pairs and more than 300 digital assets, WhiteBIT continues to strengthen its competitive edge in the global market.In a recent interview, CEO Volodymyr Nosov confirmed WhiteBIT’s plans to enter the US market.Commitment to SecurityWhiteBIT stands out as one of the most secure cryptocurrency exchanges globally. Ranked among top 5 in security by CER.live, it is the first crypto exchange to achieve the highest-level Cryptocurrency Security Standard (CCSS) certification.The platform also holds a Payment Card Industry Data Security Standard (PCI DSS) certification, safeguarding customer payment information, and has been recognized by Hacken for excellence in cybersecurity.WhiteBIT remains committed to continuous growth, solidifying its position in the international market, and expanding its impact on the global crypto ecosystem.About WhiteBITWhiteBIT is the largest European centralized cryptocurrency exchange founded in Ukraine in 2018, offers over 600 trading pairs, 300 assets, and supports 9 fiat currencies. As part of the WhiteBIT Group holding, the platform serves more than 30 million customers globally. WhiteBIT collaborates with Visa (NYSE:V), FACEIT, FC Barcelona, Trabzonspor, the Ukrainian national football team, and lifecell. The company is dedicated to driving the widespread adoption of blockchain technology in Ukraine and worldwide.ContactWhiteBIT PR Servicepr@whitebit.comThis article was originally published on Chainwire More