Cryptocurrency

His latest tweet, referring to Bitcoin holders as “winners,” captures his optimistic outlook and hints at his belief in BTC’s long-term value despite recent market volatility.Bitcoin recovered some of its losses following two days of drops, reaching an intraday high of $71,596 on Friday after sliding as low as $68,777.Bitcoin fell after failing to challenge its record high of $73,750 achieved in mid-March, just reaching highs of $73,600 during Tuesday’s session. The sell-off continued in Thursday’s trading session, with cryptocurrency prices and related stocks falling across the board as traders looked to cut longs after huge gains.With Bitcoin back around $71,000, the market remains optimistic that new all-time highs are within sight if the current momentum continues.Not resting on its laurels, MicroStrategy recently revealed that it had hired banks to assist in raising $42 billion through the sale of additional shares and fixed income to buy more Bitcoin following a flurry of transactions over the past year.The enterprise software firm announced plans to sell a record $21 billion in new shares to add to its Bitcoin hoard, paving the way for a program that would far exceed the milestone established by Elon Musk’s Tesla (NASDAQ:TSLA) four years ago.Over the last year, the business has raised billions by selling convertible senior notes and shares that its bankers can sell on the market to add to its cryptocurrency stockpile.This article was originally published on U.Today More

Transak, a global leader in Web3 payments infrastructure, is proud to announce its Canadian entity’s (Transak Canada) official registration with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada).This achievement comes during significant growth in the Canadian cryptocurrency market. According to a study by the Bank of Canada, approximately 13% of Canadians owned Bitcoin in 2021, showcasing a rising interest in digital assets.The growing interest in cryptocurrency adoption is evident from Chainalysis reports spanning 2022, 2023, and 2024. While Canada did not make the top 20 list in 2022, it climbed to 19th place in 2023 and further improved to 18th in 2024, reflecting steady progress in the country’s embrace of digital assets.”Canada is a very important market for Transak and the cryptocurrency industry in general. So, want Canadians to be able to purchase digital assets without having to figure our compliance on their own. We believe that clear and consistent regulation is crucial for the long-term growth of the crypto industry. By engaging with regulatory bodies like FINTRAC, we aim to foster a safe and transparent environment for all participants in the Canadian crypto ecosystem,” said Bryan Keane, Compliance Officer at Transak.FINTRAC is Canada’s national financial intelligence agency, responsible for safeguarding the financial system from money laundering, terrorist financing, and other financial crimes. By obtaining this registration, Transak is recognized as a Money Services Business (MSB), affirming its commitment to transparent operations and compliance with Canadian financial regulations.The process to become a FINTRAC-registered MSB involves the following:Canadian customers can now enjoy a broader range of payment options, including credit cards, debit cards, and Interac e-Transfers, making it easier to purchase digital assets.Businesses and developers integrating Transak’s services can be assured of a compliant and reliable solution for their Canadian user base. This simplifies the process of adding crypto on/off ramps to their applications because they now get a ready-made compliance infrastructure.Headquartered in Miami, Florida, and incorporated in Delaware, Transak has a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.For more information, visit transak.com or follow us on x.com/transak and linkedin.com/company/transak.ContactHarshit Gangwarharshit.gangwar@transak.comThis article was originally published on Chainwire More

Paribu’s 2024 Cryptocurrency Awareness and Perception Survey, conducted in partnership with FutureBright Group, reveals intriguing insights into the cryptocurrency and blockchain industries.Maintaining its status as the most comprehensive study in the field, the survey aims to mirror the developments in Türkiye’s cryptocurrency ecosystem, share valuable data with the public and stakeholders, identify expectations, motivations, and barriers related to cryptocurrencies, and ultimately, create an accurate roadmap for future actions based on the findings.The survey was conducted using computer-assisted personal interviews (CAPI) between July 12 and September 2 in 12 cities representative of Türkiye.The results are categorized into four headings: awareness, experience, technology, and demographics.Cryptocurrency Awareness Holds Steady at 99%“Türkiye’s cryptocurrency recognition has seen a dramatic surge, leaping from 16 percent in 2020 to a near-universal 99 percent in both 2023 and 2024. In the meantime, the percentage of cryptocurrency traders increased from 25.1 percent to 27 percent compared to a year earlier.On the other hand, despite the increase in trading activity, transaction preferences remained consistent with previous years. Bitcoin dominates trader preferences at 70 percent, while Ethereum secures a 29 percent share of the market. When surveyed about cryptocurrency usage, 75 percent of individuals familiar with and actively trading in cryptocurrencies reported primarily engaging in short-term trading activities. Survey results reveal that 75 percent of respondents cite rapid transactions and effortless storage and transfer as cryptocurrency’s primary benefits. When asked about their first association with cryptocurrency, one-third of participants mentioned virtual money, while 20 percent immediately thought of Bitcoin.Half of Traders Turn to Crypto Platforms for Market Intel (NASDAQ:INTC)A key highlight from this year’s survey is the insight into traders’ preferred sources for cryptocurrency information and market research. Social media platforms dominate as the primary information source for 63 percent of cryptocurrency traders. Fifty percent of participants choose cryptocurrency trading platforms as their preferred information source.Crypto Investment Trends Reveal Shifting ParadigmInvestment preferences have significantly changed since last year’s survey. In 2024, gold reigns supreme as the most trusted investment, commanding 90 percent preference, while cryptocurrencies secure third place among preferred investment vehicles at 29 percent.Many Still Unfamiliar with the Blockchain TechnologyDespite a 3 percentage point increase in awareness from last year, blockchain remains largely unknown to the vast majority. Of those aware of cryptocurrency, 72 percent reported no familiarity with blockchain technology at all. Blockchain awareness remains low, with only 28 percent of respondents familiar with the technology. Cryptocurrency wallets emerge as the most recognized blockchain-related concept among survey respondents. Among cryptocurrency traders, 52 percent recognize this concept, while 43 percent of those aware of cryptocurrencies are familiar with it. Staking, burning, and seed phrases are among respondents’ least recognized blockchain concepts.Male Cryptocurrency Trading Activity on the RiseThe demographic analysis highlights a key trend: newly crypto-aware men exhibit significantly higher trading interests. Among cryptocurrency-aware individuals, 31 percent of men engage in trading compared to 21 percent of women. The 25-44 age group demonstrates the highest cryptocurrency trading activity. Additionally, cryptocurrency trading among university graduates surged from 30 percent in 2023 to 39 percent this year. The typical cryptocurrency trader is 34.7 years old.Click here to access the full report.ContactEray Dengizeray.dengiz@paribu.comThis article was originally published on Chainwire More

Midnight Evergreen Technologies, Inc. (Midnight) dares to reimagine the role of an AA game publisher, with a mission to fundamentally reshape how we play together. Midnight is building The Evergreen, the first (of-its-kind) publishing platform designed as a deconstructed, composable MMORPG, delivering immersive, cross-genre experiences that seamlessly span across various platforms, pushing the boundaries of how games are played and enjoyed.The Evergreen fuses enduring player progression with constantly evolving gameplay, creating an interconnected arcade of games that offer the reach, engagement, and monetization of a traditional MMO—without the risks of a single theme, game narrative, or prolonged production cycles.Midnight proudly announces the launch of the first of its 26 planned core games in this Deconstructed MMO: The Evergreen: Midnight Market. Set to release on Web, Mobile, and Telegram, and built in partnership with Aptos Foundation, Midnight Market is a daring game of risk and reward where every spin teeters between fortune and mischief. Combining the thrill of crypto gaming with the reliability and scalability of Aptos’ Layer 1 blockchain, Midnight Market sets a new standard for decentralized gaming.Players will find themselves in a high-stakes world of chance, crafting items, earning tokens, and navigating encounters with the elusive Night Pig. How far will you push your luck in pursuit of the ultimate prize?About Aptos FoundationAptos Foundation is dedicated to supporting the development of the Aptos protocol, decentralized network and ecosystem and driving engagement with the Aptos ecosystem. By unlocking a blockchain with seamless usability, Aptos Foundation aims to bring the benefits of decentralization to the masses. Users can visit https://www.aptosfoundation.org for more information.About Aptos NetworkAptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards. Users can visit https://www.aptosfoundation.org for more information on the Aptos blockchain.About MidnightMidnight is at the forefront of innovation with The Evergreen, the first-ever publishing platform that operates as a deconstructed, composable MMORPG. Players engage with and explore diverse, interconnected game worlds, all linked by The Evergreen, a dynamic nexus that binds these unique experiences together. Each game is its own universe, offering new adventures while feeding into a broader progression system. By combining immersive gameplay with a shared economy and evolving narratives, Midnight is reshaping how players discover and interact with new worlds across genres and platforms.Users can follow Midnight: Website | X | Discord | TelegramContactCEOSteve WadeMidnight Evergreen Technlogies, Inc.support@midnight.ioThis article was originally published on Chainwire More

A fundamental component of MicroStrategy’s approach is its commitment to ongoing Bitcoin accumulation regardless of market fluctuations. In an effort to take advantage of Bitcoin’s potential as a digital reserve asset, the company has demonstrated its intention to buy and hold BTC indefinitely. With the acquisition of more than 252,000 Bitcoin, MicroStrategy has successfully established itself as one of the largest institutional Bitcoin holders, with a current market value of about $18 billion. MicroStrategy uses leverage by issuing securities like bonds and convertible notes in order to optimize returns on its Bitcoin portfolio. As a result, the company can purchase Bitcoin using debt instead of selling equity, maintaining shareholder value. According to the presentation charts, the strategy has produced extraordinary returns, outperforming even the best-performing tech stocks in recent years in terms of annualized performance, as well as more conventional assets like gold and real estate. The plan also calls for managing Bitcoin reserves in a manner consistent with more general macroeconomic patterns like inflation and changes in the market brought about by technology. Saylor underscored that MicroStrategy aims to gradually increase the Bitcoin yield with a steady rise of 6-10% in the coming years. By increasing its Bitcoin holdings in relation to its outstanding shares, the company has been able to increase shareholder value, as evidenced by this yield, a key performance indicator. Saylor has put MicroStrategy in a position to not only protect capital but also to possibly revolutionize corporate treasury management by establishing a new benchmark for institutional investment in digital assets through this methodical data-driven approach.This article was originally published on U.Today More

The broad sell-off went beyond the original cryptocurrency, with the price of Ether and other altcoins falling sharply, while the overall market cap decreased by 5.5%.After hitting its second-highest price this year at $73,600, Bitcoin dropped over 6.5% in the last three days, settling below $69,000 yesterday with a 5% fall in the past 24 hours. Ethereum followed suit, dropping 4.59% to $2,521.48, as the general market sentiment turned bearish.Other altcoins also took a hit. Solana slipped by 4.00%, now priced at $168.03, and Cardano is down 3.01% at $0.3465. Polygon saw a 1.81% dip to $0.3189. Even Dogecoin, known for its resilient community, couldn’t escape the pullback, plunging 15.13% to $0.0416.Interestingly, XRP saw a small 0.35% bump, marking one of the few bright spots in an otherwise bleak market. The crypto slump seems to track a narrowing gap between Trump and Democratic candidate Vice President Kamala Harris on prediction platforms like PredictIt, Polymarket, and Kalshi, where people place bets on election results.Harris’ odds jumped up to nearly 39% from 33%, while Trump’s odds dipped but still hold strong at 61%, keeping him as the leading candidate. A Trump win is expected to be a boost for Bitcoin, while a Harris victory might bring some regulatory uncertainty.Bitcoin’s drop was also driven by a wave of profit-taking ahead of the weekend, triggering a broader market pullback that wiped out over $250 million in long positions. Meanwhile, the popular Fear and Greed Index—a tool for tracking market sentiment and volatility—flashed “extreme greed” on Thursday, a level often seen at market peaks.This index captures the market’s emotional swings, suggesting that while “extreme fear” can mean buying opportunities, “extreme greed” might hint at a coming correction. Elsewhere, Bitcoin futures racked up $88 million in losses, while ether futures lost $44 million, and SOL and DOGE futures each saw close to $15 million wiped out, according to CoinGlass data. More

CreationNetwork.ai, a groundbreaking digital platform, today announces its public launch, redefining digital engagement for businesses, content creators, and influencers. As an all-in-one solution for content creation, e-commerce, social media management, and digital marketing, CreationNetwork.ai combines 22+ proprietary AI-powered tools and 29+ platform integrations to deliver the most extensive digital ecosystem available.Empowering Digital Transformation with 22+ AI-Powered ToolsCreationNetwork.ai’s suite of tools spans every facet of digital engagement, equipping users with powerful AI technologies to streamline operations, engage audiences, and optimize performance. Each tool is meticulously designed to enhance productivity and efficiency, making it easy to create, manage, and analyze content across multiple channels. Key tools include:Comprehensive Integration Network: 29+ Platform Connections for Maximum ReachOne of the most distinguishing features of CreationNetwork.ai is its extensive integration network. With over 29 integrations, users can synchronize their digital activities across major social media, e-commerce, and content platforms, providing centralized management and engagement capabilities.Social Media Integrations: Facebook (NASDAQ:META), X (Twitter), Instagram, LinkedIn, Pinterest (NYSE:PINS), TikTok, YouTube, WhatsApp, Telegram, Discord, and Snapchat.E-commerce Integrations: Google (NASDAQ:GOOGL) Business Profile, Shopify (NYSE:SHOP), WooCommerce, Etsy (NASDAQ:ETSY), BigCommerce, Ecwid, and Wix (NASDAQ:WIX) Commerce, supporting online retailers with seamless inventory and order management.Content Creation Integrations: Canva, Grammarly, Airtable, Zapier, Make, Adobe (NASDAQ:ADBE) Express, Unsplash, Giphy, Pexels, Pixabay, and Dropbox (NASDAQ:DBX) allow users to access resources for content creation and file management without leaving the CreationNetwork.ai platform.This integration network empowers users to manage their brand presence across platforms from a single, unified dashboard, significantly enhancing efficiency and reach.Community Incentives: CRNT Token Airdrop and ICO WhitelistingIn preparation for its Initial Coin Offering (ICO), CreationNetwork.ai is launching a $750,000 CRNT Token Airdrop to reward early supporters and incentivize participation in the CreationNetwork.ai ecosystem. Qualified participants can secure their position by following CreationNetwork.ai’s social media accounts and completing the whitelist form available on the official website. This initiative highlights CreationNetwork.ai’s commitment to building a strong, engaged community.Whitelist Form: https://creationnetwork.ai/whitelist-airdrop-gateway/CreationNetwork.ai: The Future of Digital Content and MarketingCreationNetwork.ai is also a comprehensive digital ecosystem for businesses, creators, and marketers. Combining the power of AI and blockchain, CreationNetwork.ai redefines how users manage their digital presence, from crafting content to engaging with audiences across diverse channels. Its suite of tools, extensive integrations, and commitment to community-building make CreationNetwork.ai a leading solution for digital transformation.CreationNetwork.ai is a leader in AI-driven content creation, social media management, and e-commerce solutions, leveraging blockchain technology to empower its users with advanced digital engagement tools. Through a broad spectrum of AI tools and extensive integrations, CreationNetwork.ai is dedicated to transforming the way brands, businesses, and creators connect with audiences in an ever-evolving digital world.For further information, users can visit https://www.creationnetwork.ai/ and https://www.crnttoken.net/.Users can also connect with CreationNetwork.ai on their Social Media:Telegram: creationnetworkCRNTTwitter: @CRNTNetworkAIFacebook: AINetwork369Instagram: creationnetwork.aiYouTube: CreationNetwork AIContactCEOAli Demircreationnetwork.aimarketing@creationnetwork.aiThis article was originally published on Chainwire More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is thrilled to introduce the Bybit On-Chain Earn feature, broadening user access to Proof-of-Stake earning models with added benefits. The staking-as-a-service feature provides a seamless staking experience, peeling away complex technicalities and bringing more users direct access to staking opportunities via the Bybit platform. From Oct. 30, Bybit users may unlock a new way of earning crypto rewards with On-Chain Earn.One of the major pain points of staking for beginners is the hassle of managing multiple technical layers and gas fees. The resource-intensive exercise also requires advanced technical know-how from individual stakers, who are expected to be equipped with the hardware and knowledge of managing and deploying staking nodes. 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, users can visit Bybit Press For media inquiries, users can contact: media@bybit.comFor more information, users can visit: https://www.bybit.comFor updates, users can 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