Cryptocurrency

Prosper, a decentralized protocol bridging institutional-grade Bitcoin mining power on-chain and aiming to unlock the potential of Bitcoin through liquidity farming, today announced a new investment in its native project token PROS by one of the leading cryptocurrency mining companies BIT Mining Limited (NYSE: BTCM).Prosper’s new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem has been well-received by the community. As part of this strategic change, Prosper partners with prominent industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate.This investment from BIT Mining represents another significant validation of Prosper’s thesis by institutional backers. In addition to Prosper’s growing roster of top-tier industry partners and sophisticated financial investors (including a recently announced investment by Waterdrip Capital), Prosper’s value proposition also resonates with cryptocurrency mining companies that bring extensive experience in mining operations and a strong understanding of the ecosystem. This investment aligns with Prosper’s strategic direction and supports its new vision.About BIT Mining LimitedBIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation, and mining machine manufacturing. The company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.About ProsperProsper is a decentralized protocol for a community that truly believes in Bitcoin, providing full exposure across Bitcoin hashrate and Bitcoin through bridging institutional-grade Bitcoin mining power on-chain, and aims to fully unlock the potential of Bitcoin. For more information, users can visit prosper-fi.com or follow on X (formerly Twitter)[email protected] article was originally published on Chainwire More

(Reuters) – The crypto industry is pushing for an ambitious raft of policies that would promote the widespread adoption of digital assets and considering who best to promote them, as they anticipate a cryptocurrency-friendly regime under President-elect Donald Trump. While crypto companies were already anticipating a lighter touch with a new administration, Donald Trump’s decisive victory and a projected Republican sweep of Congress pave the way for a dramatic and lasting crypto policy overhaul. Trump courted crypto cash with promises to be a “crypto president,” and industry executives say he now has a strong mandate to deliver. The industry is now pushing for measures including potential executive orders on crypto firms’ access to banking services and crypto-friendly picks in a range of roles, in addition to a new Securities and Exchange Commission (SEC) chair, executives said. “We’ve had an administration that’s been very negative, and so we’re looking forward to unlocking that gridlock,” said Mike Belshe, CEO of institutional crypto platform BitGo, who hosted a campaign fundraiser for Trump in July. “I think the voters of America said very clearly that they want to see that.”Bitcoin soared above $90,000 on Wednesday amid rising policy optimism, with some analysts predicting the world’s largest token could hit $100,000.While some industry asks could happen quickly such as pro-crypto nominees at financial regulatory agencies, others however could take longer, such as passing legislation to create a regulatory framework for digital assets.Trump has also pledged to create a crypto advisory council. While it’s unclear who might serve on the council, crypto executives are brainstorming who to elevate as key leaders in crafting crypto policy in the new administration. “Everybody in Washington is asking and thinking about … who’s going to lead these agencies,” said Kara Calvert, head of U.S. policy at Coinbase (NASDAQ:COIN). “It’s important I think for companies like Coinbase, but also for all the smaller startups… to have a point of view.”Jonathan Jachym, global head of policy at crypto exchange Kraken, said the industry was considering who would be suitable for leadership positions to drive policy. “Before the election, investors were already betting on options that the price of bitcoin would exceed $80k or even $100k, and the value of these bets has risen,” Grzegorz Drozdz, analyst at Conotoxia wrote, adding the election outcome was mostly driving those bets.Under the Biden administration, the SEC and Treasury cracked down on crypto companies for allegedly violating securities and anti-money laundering laws, while bank regulators discouraged lenders from dabbling in crypto, and Congress has failed to pass legislation that would help promote mainstream crypto adoption.With Republicans running Washington, all that could change.   The crypto industry expects Trump to make good on his July promise to establish a strategic U.S. bitcoin reserve – one of his more ambitious pledges executives said they now see as a real possibility. “It legitimizes the asset class more,” said Marshall Beard, Chief Operating Officer of Gemini, the crypto exchange whose founders, the Winklevoss twins, donated to Trump. The industry also expects Trump’s bank regulators to take a softer stance on crypto. Many crypto firms have struggled to find banking partners amid scrutiny from regulators worried about the risks, especially following the collapse of crypto-friendly U.S. lenders last year. Jachym said there had been “negative pressure” from bank regulators on crypto relationships, which could change if lawmakers created a new crypto framework.Trump in July promised he would not let banks “choke” crypto companies out of the traditional financial system, and some executives speculated the president-elect could even address the issue with an executive order. “Something like that from the White House could go a long way towards fixing the problem,” said Kristin Smith, chief executive of the Blockchain Association, a crypto trade group.Earlier in the campaign, crypto firms had hoped Trump’s new SEC chair would create a waiver regime for crypto companies, but firms are now discussing pushing for faster “no-action” letters that the agency could immediately use to allow crypto companies to operate without fear of reprisal, one executive said. Smith added the industry is also preparing a fresh push for crypto-friendly laws. With Republicans expected to take the House, they could expedite spending bills with a simple majority vote – a process called “reconciliation” which often allows smaller items to piggy-back on must-pass spending bills. That could be “a pathway for getting something done,” said Smith. Coinbase and other cryptocurrency companies spent more than $119 million backing pro-crypto congressional candidates, many of whom won their races, including Ohio Republican Bernie Moreno. He took a key Senate seat from Democratic crypto skeptic Sherrod Brown, paving the way for other potentially sweeping legislation, said executives.  Calvert said the 2025 Congress will be “the most pro-crypto Congress in history.” More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, celebrates its 6th anniversary by championing a GameFi revival, heralded in its latest industry report. To mark the occasion, Bybit Web3 is also launching an exclusive Crypto Ark-ade to showcase emerging GameFi protocols and games, where players can explore a curated collection of blockchain-based titles across Base, Solana, opBNB, TON, and Xterio. With 360,000 USDT in prizes, the event underscores Bybit Web3’s commitment to advancing GameFi and highlights the sector’s growth this year.Bybit Learn GameFi Industry Report calls a 2024 revival with 3,500 Web3 gamesA recent Bybit report offers a comprehensive overview of the burgeoning industry at the intersection of gaming and on-chain finance. Titled GameFi: Reviving the New Era of Gaming, the report delves into a sector valued at approximately $20.3 billion—still a fraction of the $196 billion traditional video gaming market in 2023, filled with untapped potential. Since Aug. 2024, the GameFi sector has recorded a rebound at 35%. It also outperformed major cryptocurrencies BTC and ETH at the time of the report’s release, growing over 160% compared to 119% for BTC and ETH combined. With around 3,500 Web3 games, the landscape is dominated by leading blockchains such as BNB Chain, Ethereum, and Polygon. Meeting the GameFi Superstars at Bybit Web3 Crypto Ark-adeThe best players in Bybit Web3’s Crypto Ark-ade will divide up two grand prize pools: Solo Mission and Squad Mission, with the former boasting 260,000 USDT worth of multi-coin drops, points, and in-game assets, and the latter 10,000 USDT in airdrops.The immersive journey features enticing aesthetics and a smooth Web3 experience and offers a gameplay experience to all kinds of players. The Ark-ade promises to transport users to the Web3 universe in a fun ride with the best-known names among GameFi dApps, connecting leading chains in the ecosystem.This GameFi season at Bybit Web3 features a diversity of Web3 games ranging from rearing, and strategy to animal crossing types. The lineup includes the popular Catizen on TON, Sonic, the first atomic SVM chain on Solana, Xterio Games from the AI gaming camp, ElfinGames, nifty_island, scifi shooter game LowLifeforms, SuperChampsHQ and play-to-earn Legend of Arcadia.#Bybit / #TheCryptoArk / #BybitWeb3About Bybit Web3Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.Join the revolution now and open the door to your Web3 future with Bybit.For more details about Bybit Web3, please visit Bybit Web3.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, please visit Bybit Press For media inquiries, please contact: [email protected] 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 [email protected] article was originally published on Chainwire More

Among meme tokens, Dogecoin extended gains and remained in sight of three-year peaks hit earlier this week. Social media buzz around Doge also rose after Trump announced the formation of the Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy. Bitcoin rose 3.8% to $89,885.4 by 00:30 ET (05:30 GMT). The token hit a record high of $93,226.6 on Wednesday, but swiftly fell from the level. Broader crypto prices also rose, and were undeterred by a rally in the dollar to one-year highs, after U.S. consumer inflation showed signs of stickiness in October. The world’s largest cryptocurrency remained underpinned by optimism over Trump’s victory in the 2024 presidential race, given that he had vowed to roll out crypto-friendly regulations.Trump had promised to make America the crypto capital of the world, and had also floated the idea of a national Bitcoin reserve.This notion saw traders pile into Bitcoin, on bets that the token would gain more credibility as an investment vehicle. But focus was now on exactly what Trump’s policies would entail for crypto, as he went about picking members of his cabinet. Trump is set to take office in early-2025.A risk-on rally in broader financial markets also appeared to have cooled, amid some uncertainty over the outlook for interest rates. Trump is expected to dole out expansionary policies, which are expected to underpin inflation and interest rates in the long term.Meme token Dogecoin rose on 9.1% to $0.394493 on Thursday, extending recent gains and remaining close to its strongest level since May 2021. Traders speculated whether Trump’s DOGE agency was a reference to the meme token, and whether it would entail any official recognition of Dogecoin.But analysts argued that DOGE- which Trump claimed was formed to streamline government operations and cut spending- would have little actual authority to make major changes. GLJ Research said the entity was “a toothless committee formed to make a few billionaires feel important.” Most major altcoins tracked gains in Bitcoin, although they traded below peaks hit earlier in the week.World no.2 crypto Ether rose 2.5% to $3,216.79, while SOL, XRP, XRP and MATIC rose between 2% and 9%. Crypto markets were little deterred by data showing U.S. consumer inflation remained sticky in October, as the reading sparked uncertainty over the long-term outlook for rates.Focus later on Thursday is an address by Federal Reserve Chair Jerome Powell. More

(Reuters) -Bitcoin broke through the $90,000 level on Wednesday, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies.The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched a record of $93,480 before paring gains. It was last down slightly at $88,185, but has risen 32% since the Nov. 5 election.Smaller peer ether has also risen 37% since Election Day, while dogecoin, an alternative, volatile token promoted by billionaire Trump-ally Elon Musk was up more than 150%.”What you’ve seen since the election is the market hoping or realizing what that could mean for bitcoin in the medium to long term – a pro-bitcoin administration, Senate and potential legislation that not only gives U.S. citizens the right to self-custody bitcoin but potentially for bitcoin to be a strategic reserve asset for the U.S. Treasury,” said Damon Polistina, head of research at Eaglebrook.Regulatory uncertainty has been a major cloud hanging over the sector and a headwind to advisors allocating for their clients to bitcoin, he said.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.It is unclear how or when that could happen but the possibility drove a speculative surge in crypto mining and trading stocks.Zach Pandl, head of research at Grayscale Investments, said the “election results will open up the ability for large, regulated businesses like banks, custodians and exchanges to engage with public blockchain technology in the way that they haven’t in the past.” Software (ETR:SOWGn) company and bitcoin investor MicroStrategy announced it had spent about $2 billion buying bitcoin between Oct. 31 and Nov. 10. Shares scaled a record high on Tuesday.Crypto investors see an end to increased scrutiny from the Securities and Exchange Commission under Trump. Trump and his sons announced a new crypto business, World Liberty Financial, in September.”Many people believe that we will inevitably get to bitcoin at $100k,” said JJ Kinahan, CEO of IG North America and president of its tastytrade retail brokerage. “I expect bitcoin to continue building momentum, at least until after the inauguration when we find out what the real plans to get there are.”Others advised investors against getting caught up in the crypto frenzy.”With bitcoin reaching $90K and hitting a new all-time high, investors should be cautious about the potential volatility ahead,” said Georgi Koreli, CEO of Hinkal, a blockchain-based private trading platform. “This doesn’t mean that we will not see $95K or even $100K soon, but rather that BTC might pause or slide back to regain its strength.” More

Valhalla, Floki’s PlayToEarn Massively Multiplayer Online Role-Playing Game (MMORPG) blockchain game is proud to announce a partnership in the United Arab Emirates (UAE).On Nov. 13, Valhalla unveiled a partnership with Dubai’s Mall of the Emirates, marking a milestone in its global outreach efforts. The partnership will see Valhalla’s branding prominently displayed across 93 screens in the mall for a four-week campaign running from November 15 to December 12.Mall of the Emirates, located in the heart of Dubai, is one of the world’s most prestigious shopping destinations. Since opening in 2005, it has become an iconic landmark, attracting millions of visitors each year. The mall sees daily traffic of approximately 111,500 people, making it a prime venue for Valhalla’s campaign to reach a diverse and international audience.The mall’s strategic location on Sheikh Zayed Road, a prime area in Dubai, combined with its diverse visitor base, offers Valhalla an opportunity to engage both local and international audiences.Spanning an area of 255,489 square meters, the multi-level mall boasts over 630 retail outlets, 80 luxury stores, and 250 flagship stores. It also features some of Dubai’s most popular attractions, including the indoor ski resort Ski Dubai, the Magic Planet entertainment center, and VOX Cinemas. The mall’s dining options, with over 100 restaurants and cafés, further enhance its appeal as a top destination for both residents and tourists.The Campaign’s GoalValhalla is ramping up its presence in the UAE, a key market for crypto adoption.Despite its smaller population, the UAE ranks as the third-largest crypto economy in the MENA region, with $34 billion in crypto transactions recorded between July 2023 and June 2024. This represents an impressive 42% year-on-year growth, far outpacing the MENA average of 11.73%, according to Chainalysis.Dubai’s rapid evolution into a crypto hub has been fueled by initiatives like the Dubai International Financial Centre (DIFC) and Virtual Asset Regulatory Authority (VARA), which offer crypto-friendly regulatory frameworks. This has drawn major players and startups, solidifying Dubai’s status as a global crypto leader.Valhalla’s campaign at Mall of the Emirates aligns perfectly with this momentum. By showcasing its brand in one of Dubai’s busiest and most iconic locations, Floki aims to boost awareness and adoption of its ecosystem.This campaign follows Floki’s recent four-week marketing initiative at WAFI Mall in Dubai, running from November 8 to December 5, where its branding appears across 18 digital screens. Together, these efforts are part of Floki’s larger strategy to dominate the Dubai crypto scene.About ValhallaValhalla is a blockchain-based MMORPG inspired by Norse mythology, offering players the chance to discover, tame, and battle with creatures called Veras. The game features a player-driven economy and a hexagonal battlefield designed for dynamic combat. Users can learn more at Valhalla.game.About FlokiFloki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Focused on utility, community, philanthropy, and strategic marketing, Floki is working toward becoming the world’s most recognized and used cryptocurrency. With over 490,000 holders globally, Floki has already established a strong brand presence. Users can learn more at floki.com.Website | Youtube | Telegram | Instagram | Tik Tok | Discord | Facebook (NASDAQ:META) | Reddit | Twitch | [email protected] article was originally published on Chainwire More

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With a 70-year legacy of offering investment solutions across diverse industries and asset classes, privately held VanEck now provides millions of customers access to SUIInvestment firm VanEck has introduced a product representing SUI. VanEck, known for its financial products that provide access to Bitcoin, Ethereum, and Solana, now offers exposure to SUI, the token behind the groundbreaking Layer 1 blockchain recognized for its industry-leading performance and infinite horizontal scalability. This fully-collateralized financial instrument provides millions of investors access to SUI. With the new offering from VanEck, millions can now access SUI without needing to hold SUI in a crypto wallet. VanEck holds the referenced SUI tokens in a regulated custodian environment covered by each note, ensuring that the product’s value tracks the underlying tokens’ value. Like other financial products, the new VanEck offering enables users to easily invest and divest. The launch of VanEck’s SUI-backed product is the latest demonstration of institutional confidence in Sui, following notable on-chain developments. These include partnerships with services like Copper, Zero Hash and Fordefi and the integration of stablecoins such as USDC, AUSD, and the stablecoin-like USDY. Over the past year, Sui has experienced remarkable growth, with total value locked (TVL) increasing by 430% and DeFi volume surging by 692%. In August, 2024, in another show of support, Grayscale, one of the world’s largest crypto asset managers, launched its Grayscale® Sui Trust.About SuiSui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences. For more information about Sui, users can visit https://sui.io. About VanEckVanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. VanEck was one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends—including gold investing in 1968, emerging markets in 1993, and Exchange Traded Funds in 2006—that subsequently shaped the investment management industry.Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. VanEck’s actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategiesSince VanEck’s founding in 1955, putting its clients’ interests first, in all market environments, has been at the heart of the firm’s mission.ContactSui [email protected] article was originally published on Chainwire More