Blockchain Gaming Association’s fourth annual survey showed growth in the C-suite, but other demographics appear to be slipping.
Bybit Concludes a Stellar Presence at Global Blockchain Show 2024: Pioneering Innovation for 2025 – Crypto-News.net
DUBAI, UAE, Dec. 17, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, successfully wrapped up its participation in the Global Blockchain Show 2024, held in Dubai on Dec. 12-13. The two-day conference united blockchain leaders, researchers, and Web3 innovators for over 90 hours of keynotes, panels, and fireside chats, offering fresh insights into the rapidly evolving digital assets ecosystem.
Michelle Daura, Head of the Wealth Business Unit, represented Bybit in the panel “Global Exchanges: The Backbone of Crypto Innovation”, where she discussed the critical role exchanges play in ensuring security, scalability, and accessibility as crypto adoption rate continues to rise. Moderated by Walkin Founder Mia Soarez, the session featured insights from women in leadership from the crypto world including Michelle Daura, and Carmen Tan, Chief Communication Officer at CoinW.
“Bybit is proud to have been part of such a transformative event. Sharing insights alongside the best minds in the industry helps shape the future of blockchain and Web3,” said Daura. “As we look ahead to 2025, Bybit is dedicated to driving innovation and empowering the next wave of crypto users.”
Michelle Daura shared Bybit’s vision for empowering crypto innovation and adoption as a leading exchange serving close to 60 million users worldwide. The event amplified impactful voices in the space, attracting thousands of attendees and over 300 speakers. Keynotes and discussions covered topics like decentralized AI, sustainable DApps, and blockchain cryptography. A diversity of panels explored strategies to boost adoption of decentralized finance and infrastructure networks.
Bybit’s strong presence at the Global Blockchain Show 2024 highlighted its leadership in the crypto space and its commitment to fostering a more inclusive and decentralized digital economy. With its homebase in Dubai, Bybit is committed to building a sustainable crypto and blockchain ecosystem in the UAE through community engagements and collaborative innovation.
With exciting developments on the horizon, Bybit continues to position itself as a driving force in blockchain innovation.
#Bybit / #TheCryptoArk
About Bybit
Bybit 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 Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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Crypto 'eating TradFi's lunch' as $5.75B Coinbase revenue beats Nasdaq
Coinbase and DeFi pose serious competition for traditional exchanges as Bitcoin ETFs beat gold by assets under management.
Bitget Receives Bitcoin License in El Salvador, Securing Its Entrance Into Latam – News Bytes Bitcoin News
Bitget, a South Africa-based cryptocurrency exchange, has recently announced that it received a Bitcoin Service Provider (BSP) license in El Salvador, opening the doors to start operating locally. This milestone allows the company to “offer services such as bitcoin-to-fiat currency exchanges, bitcoin payment facilitation, and secure bitcoin custody solutions for its clientele,” according to a […]
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Ethereum Reaches $4,100 For The First Time In Over Three Years, Aiming For $5,000 Next
Este artículo también está disponible en español.
For the first time in over three years, Ethereum (ETH) has reached the significant price milestone of $4,100. This level has proven to be a key resistance point for investors, especially as the leading altcoin struggled to breach it during the bullish momentum experienced in the first quarter of this year.
Poised For Rally If It Breaks $4,000-$4,100 Resistance?
The renewed bullish sentiment among crypto investors has led analysts to forecast potential new all-time highs for Ethereum, surpassing its previous record of $4,878, set in November 2021.
For instance, crypto analyst Justin Bennett noted on social media platform X (formerly Twitter) that ETH had previously faced technical barriers in surpassing the $4,000 threshold and acknowledged that Bitcoin has been the focal point of market attention in December.
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However, the analyst emphasized that if ETH’s price can successfully navigate the critical $4,000 to $4,100 range in the short term, it could pave the way for a rally back toward its all-time high zone, with the potential to reach mid-$5,000 levels, thereby completing the current bullish channel for the altcoin.
Bennet also suggested that now is the opportune moment for the ETH price to target a new all-time high as he believes that the altcoin could see “some of those Bitcoin (BTC) profits” flow into the Ethereum market soon.
Ethereum Price To Reach $15,937 By May 2025?
Adding to this bullish outlook, market expert VentureFounder shared even more optimistic predictions, anticipating an extended bullish momentum for ETH over the next seven months, and projecting it to reach a new all-time high of $15,937 by May 2025.
VentureFounder linked this forecast to historical patterns, noting that the first quarter following Bitcoin’s Halving events typically initiates a surge toward new record highs. He further indicated that Ethereum often enjoys a year of strong performance after such Halving events, the latest of which occurred in April of this year.
This year has already seen significant similarities with the past for both Bitcoin and Ethereum. Prior to Bitcoin’s Halving, the cryptocurrency experienced a substantial rally, fueled in part by the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC).
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At the time, the Bitcoin price reached a new all-time high just above $70,000 in March, and it has since risen by more than 50% to a new record of $107,000, despite challenging second and third quarter price action.
Ethereum also experienced significant growth, posting its strongest first quarter in more than three years, rising from $2,260 in February to nearly 100% in just 30 days. However, it remained below the $4,100 threshold until recently, consistent with Bitcoin’s increasing trajectory.
Overall, VentureFounder’s analysis, together with the price movements of both Ethereum and Bitcoin this year, gives a solid foundation for believing that ETH may be poised for significant rises in the coming months if the experts’ projections and prior patterns hold true.
At the time of writing, ETH is attempting to consolidate at around $4,014. This level will be crucial for determining whether further upward momentum will occur in the coming days or if additional tests of price support are on the horizon.
Featured image from DALL-E, chart from TradingView.com
LastPass-linked crypto theft climbs to over $250 million after latest $5.4 million hit
Blockchain investigator ZachXBT has revealed that malicious actors, identified as the “LastPass threat actor,” have siphoned off approximately $5.36 million in cryptocurrencies.
In a Dec. 17 post on his Telegram Channel, ZachXBT stated:
“Today an estimated $5.36M was drained by the LastPass threat actor from 40+ victim addresses. Stolen funds were swapped for ETH and transferred to various instant exchanges from Ethereum to Bitcoin.”
This exploit traces back to a December 2022 security breach, when LastPass disclosed that attackers accessed archived backups of encrypted vault data stored on a third-party cloud platform. At the time, LastPass, a popular password manager, warned that the breach exposed user vault data, including usernames, passwords, and secure notes.
However, LastPass assured users that brute-forcing master passwords would be extremely challenging due to strong encryption protocols.
Despite this claim, recent attacks have shown that the hackers have systematically targeted users who stored their private keys or seed phrases in their LastPass vaults.
Over $250 million now lost
The Security Alliance (SEAL), a team of cybersecurity experts, reported that crypto losses connected to the breach have now exceeded $250 million as of May 2024.
According to SEAL, these attacks could have been prevented as many victims—despite practicing caution—unknowingly placed their digital assets at risk by relying on centralized storage for private keys.
Considering the latest wave of attack, SEAL stated:
“Don’t be a part of the statistic. If you used LastPass in the past and think there’s a chance you stored your private key or seed phrase in your vault, take the time and move all your tokens [and] transfer ownership of any contracts/multisigs/etc.”
Security experts noted that this incident highlights the dangers of trusting password managers with sensitive crypto-related data. To mitigate further losses, crypto holders must immediately safeguard their assets and reduce exposure to similar vulnerabilities.
Posted In: Crime, Featured
BYDFi Teams Up with Partners IOTA and Travala to Explore Web3 Innovations at Taipei Blockchain Week 2024 – Crypto-News.net
Mahe, Seychelles, December 17th, 2024, Chainwire
BYDFi, a global leading one-stop cryptocurrency exchange, participated in the grand Taipei Blockchain Week (TBW) recently, during which it worked with several major partners and showed its strong ability and innovative spirit in the Web3 field.
Focusing on the prospects and trends of Web3, creating a new chapter together.
This year’s Taipei Blockchain Week was themed “Onboard,” signifying the launch and invitation to join. It attracted numerous leaders and innovators in the blockchain industry around the world. As a blockchain platform with long-standing involvement in the Taiwanese market, BYDFi has collaborated with the TBW organizers to promote the development of Taiwan’s Web3 ecosystem.
Eason, a representative of the TBW organizers, stated, “We are excited to partner with an outstanding platform like BYDFi to create a space where the Web3 community can fully communicate and collaborate.”
Partnering with IOTA and Travala to explore new possibilities of blockchain technology.
On the Blockchain Week held in Taipei, BYDFi further reached a deep agreement with IOTA, one of the globally well-renowned projects in the blockchain sphere. Kowei, a representative of IOTA, emphasized the technical advantages of IOTA rebased (MOVE VM) and the latest developments in its collaboration with governments. BYDFi will further explore the application scenarios of blockchain technology with IOTA in finance, IoT, and other fields, continuing their work to provide global users with safer, more efficient, and more convenient blockchain services.
BYDFi’s long-term collaboration with Travala.
BYDFi, a global leading blockchain financial services platform, has maintained a long-term and ongoing partnership with Travala.com, the world’s largest blockchain-based travel platform. As stable and long-term collaborators, both parties have been committed to applying blockchain technology to the travel industry, providing global travelers with a more convenient and secure travel experience.
Charlie, a representative of Travala.com, stated: “We are very excited to engage in deep collaboration with an innovative partner like BYDFi. We have provided global travelers with more payment options, while also accelerating the application of blockchain technology in the travel industry. We believe this will take the travel industry into an entirely new era.
Looking to the future.
By continuing with its innovative spirit, BYDFi is working with outstanding global partners to promote the development of blockchain technology. BYDFi will also participate in global events like Taipei Blockchain Week, contributing to the global Web3 community.
About BYDFi
BYDFi (formerly BitYard) is a relatively new crypto exchange, launched in 2020. The platform is focused on advanced crypto trading features that go well beyond the basics. BYDFi offers margin accounts, derivatives trading, and relatively low fees. While trading complex crypto derivative contracts isn’t for beginners, BYDFi aims to make the process as simple as possible.
BYDFi Contacts
For inquiries and support, users can reach BYDFi via the following:
Website: https://www.bydfi.com
Support Email: [email protected]
Business Partnerships: [email protected]
Media Inquiries: [email protected]
Users are invited to stay connected with BYDFi through social media platforms:
Twitter( X )| LinkedIn| Facebook | Telegram| YouTube
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Media Manager
Anna
BYDFi Fintech LTD
[email protected]
This Hot 0.12 Altcoin Could Hit 5B Market Cap If Paul Atkins Eases Crypto Regulation and XRP ETF Gets Approved
DTX, an emerging altcoin, has the potential to soar to a $5 billion market cap if incoming SEC Chairman Paul Atkins softens crypto regulations. This could be boosted further by the approval of an Ripple XRP ETF, paving the way for greater institutional involvement in the crypto market.
With market conditions shifting, both DTX and XRP could see significant gains. In this article, we will discuss the possible outcomes and what it means for investors and the future of crypto.
Crucial SEC Vote on Caroline Crenshaw Could Impact Ripple Lawsuit and XRP Future
The vote on SEC Commissioner Caroline Crenshaw’s reappointment is scheduled for Wednesday, December 18, according to Fox Business. Congress will adjourn for the year on Friday, December 20. If Crenshaw is not reappointed, former President Trump could nominate a new Commissioner.
Crenshaw’s renomination has received a lot of attention. She is one of the three Democratic Commissioners at the SEC and voted against allowing Bitcoin (BTC) spot ETFs.
The SEC also has an important case in the Ripple (XRP) lawsuit. The SEC must file its opening brief for the appeal by January 15. If Crenshaw is reappointed, the three Democrats at the SEC will likely vote to continue with the appeal. This could lead to more selling pressure on XRP, but some investors hope the SEC will eventually drop the appeal.
If the SEC does drop the appeal, it could be a big win for Ripple (XRP) and the broader U.S. digital asset market. This would make the court ruling in July 2023, which found that Programmatic Sales of Ripple do not count as securities, even more important.
Ripple’s Strong Outlook: XRP ETF, Market Gains, and Big Hopes for DTX Exchange
Ripple (XRP) is currently around $1.30, and many people expect an XRP ETF to launch soon. Ripple’s CEO, Garlinghouse, believes an XRP ETF in the US is likely, especially after the Bitwise Physical XRP ETF was launched for European investors.
The news about RLUSD being approved is still spreading, and investors are preparing for more updates. XRP’s price increased by 3% over the week, but its market volume dropped by 23%, now at $9.13 billion.
Ripple is becoming one of the most promising cryptocurrencies this year, with more developments and use cases. Many investors who made gains from XRP are now putting their money into the new DTX Exchange ICO, hoping for big returns, with some expecting a 1000x growth by Q1 2025.
DTX Exchange: A Leading Presale Token of the Year
DTX Exchange (DTX) is the most popular presale token this year. It is built on a strong and creative platform that offers many features, such as the non-custodial Phoenix Wallet, 1000x leverage, and the VulcanX hybrid blockchain. These features make DTX Exchange a powerful player in the crypto trading world.
DTX Exchange combines the best parts of centralized and decentralized exchanges, giving users the advantages of both.
Key Features
The platform is designed to be easy to use and includes privacy features like a no-KYC registration process. This makes it ideal for investors who want to trade without revealing their identities.
- Hybrid Trading Platform: Powered by the VulcanX blockchain, combining features of both centralized and decentralized exchanges for a smooth trading experience.
- Wide Asset Access: Offers 120,000 assets, including stocks, forex, ETFs, and cryptocurrencies, allowing investors to manage all their trading in one place.
- Increased Visibility: Listing on CoinMarketCap has boosted DTX’s visibility and credibility, helping the Ethereum-based altcoin gain traction.
- Strong Early Success: DTX Exchange’s presale has raised over $10.3 million with more than 300,000 registered wallet addresses.
- Future Growth Potential: Analysts predict that the Ethereum altcoin could 50x in the long run.
DTX is currently in Stage 6 of its public presale, priced at $0.12. This offers a 500% ROI for early buyers who purchased it at $0.02. Additionally, Stage 6 buyers will receive a 67% return after the presale cryptocurrency is listed on major markets at $0.20.
Learn more:
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Visit the DTX Website
Join the DTX Community
Bitcoin holds above $107 despite $172m Mt. Gox BTC transfer – CoinJournal
- Mt. Gox moved over $172 million in BTC to new wallet addresses.
- The price of Bitcoin held strong despite bankrupt crypto exchange’s wallet activity.
Bankrupt crypto exchange Mt.Gox has notably transferred about 1,620 Bitcoin to new unknown addresses. The value of the Bitcoin transfer stood at over $172.5 million, and was sent to new addresses.
The transfers happened as BTC price hovered around $107,380, having hit new all-time highs above $107,822. Unlike in the past Mt. Gox transactions of the flagship cryptocurrency, the latest movement hasn’t seen BTC react violently lower. Dormant whales have also woken up, as Arkham Intelligence pointed out in a post on X.
BTC WHALE WAKES UP: MOVES $530M AFTER 3 YEARS
A Whale that has been dormant for over 3 years has just moved $530M of Bitcoin into two new addresses, with one holding $420M and the other holding exactly 1000 BTC (~$107M)
The last time this BTC moved was 3 years ago, in April… pic.twitter.com/uhqKPZEkuD
— Arkham (@arkham) December 16, 2024
Mt.Gox Bitcoin transfers
Two weeks ago, the crypto exchange Mt. Gox made another Bitcoin transfer of 24,000 BTC to unknown wallets. According to Arkham, the bankrupt exchange transferred 1,619.6 BTC in two chunks, one of 1427.9 BTC and the other of 191.7 bitcoin to two new addresses.
Recently, the blockchain security and intelligence platform showed that Mt. Gox’s latest wallet activity also included the transfer of 1427.9 Bitcoin to an address starting with “1DeY. It then transferred 108 BTC and 191.7 BTC through several addresses before the coins ended in the wallet that currently holds 300 Bitcoin.
In November, Mt. Gox transfered $2.2 billion Bitcoin to unknown wallets amid repayment plans. On December 5, Mt. Gox made another Bitcoin transfer. It moved 24,000 BTC worth $2.5 billion a time when BTC was trading at $ 100,000, an all-time high at the time.
Arkham notes the exchange has 36,085 Bitcoin holdings estimated to be worth $3.86 billion. The deadline for creditor repayment will be October 31, 2025.
Despite downside pressure, Bitcoin has recovered from previous Mt. Gox dumps to hit new all-time highs above $100.
The bullish market sentiment is down to multiple catalysts. It includes greater institutional demand for spot Bitcoin ETFs, US election that has a pro-crypto administration in place and the exit of SEC’s Gary Gensler. New pro-crypto picks for the SEC and CFTC will help the push for regularity clarity.
There’s also the buying spree by MicroStrategy and several other companies, including Boyaa Interactive, Metaplanet and the miner industry led by Marathon, Riot and Semler Scientific, are hodling BTC. The companies have adopted the Bitcoin treasury strategy that has seen MicroStrategy become the world’s largest corporate holder of BTC.
Fintech Revolut to Extend Revolut Pay Fraud Protections to Crypto Clients
Fintech giant Revolut plans to extend its battle-tested security wrapper, Revolut Pay, to crypto customers from the start of 2025 to improve protection against fraudulent attacks.
As it stands, Revolut says, there is limited visibility into card transactions and bank transfers its crypto customers make with exchanges, potentially exposing them to higher levels of fraud due to card mechanisms having limited anti-scam protections.
A 12-month pilot of firms using Revolut Pay’s enhanced due diligence, direct API integration and end-to-end control over the payment process showed crypto customers were exposed to about 50% fewer attempts to defraud them, Revolut said in a statement.
These enhancements include know-your-customer (KYC) name matching, fraud warning screens, proof of crypto delivery and the ability for crypto merchants to receive transaction risk scores.
Crypto has more than its fair share of fraudulent activity and scams, whether that involves identity theft, phishing scams and even the involvement of AI deep fakes and so on.
“In the crypto space, there’s a little bit of an issue with fraud outcomes,” said Alex Codina, general manager for merchant payments at Revolut in an interview. “Now, crypto firms, either exchanges or on-rampers, can integrate Revolut Pay as a payment method and by doing that we allow our users to directly buy crypto on those checkouts in a safer manner.”
Match your customer
Under the hood, the integration with third-party exchanges or on-ramps starts with KYC matching, so validating that the person who is buying on Revolut side is the same person who is KYC’d on the exchange’s side.
“If those names don’t match the transaction is rejected. In the card world, this would be the equivalent of a stolen card or something like that,” Codina said.
Beyond that, firms are in a running battle to combat a sophisticated array of investment scams, whereby customers are duped into thinking they need to perform some transaction or other to qualify for a fictitious reward of some kind, he added.
“These are the hardest ones to deal with,” Codina said. “Basically what we do is assess the risk score of the transaction based on information on our users, like if they have traded crypto in the past or not with Revolut, with a third party, and assess the probability of that transaction being part of an investment scam.”
Obviously, a balance has to be struck when it comes to user experience and safety, Codina said. The safety measures put in place by Revolut could be a question or two about the transaction, or in some cases the customer could be referred to a customer services manager to briefly chat about the transaction.
“We have a pretty robust model and framework where we can add some friction, depending on how risky we think the transaction is,” he said.