Author: CryptoCurrencyNews

AGM Group Holdings Inc. Announces Strategic Partnership with Canada’s Nowlit to Expand High-Performance Computing Capabilities

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BEIJING, Dec. 20, 2024 /PRNewswire/ — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, announced today that the Company has signed an investment intention agreement (the “Agreement”) with its Canadian partner, NOWLIT Solutions Corp. (“Nowlit”), a prominent energy technology company focused on developing energy solutions and data center infrastructure in Canada, to provide green energy data center and cryptocurrency computing power. This initiative aligns strategically with AGM Holdings’ long-term expansion plan in the rapidly evolving artificial intelligence and data center market in North America.

Pursuant to the Agreement, Nowlit plans to contribute its existing 50 megawatts (MW) data center assets to AGM Energy Corp. (“AGM Energy” or the “JV”), the Canadian joint venture co-founded by AGM Holdings and Nowlit. Led by Nowlit’s founder, Mr. Ma, the JV is set to expand its capacity significantly. The initial 50MW contribution will enable the data center to host over 6,800 high-performance computing servers, providing an estimated computing power of 2,457 petahashes (P).

AGM Energy aims to develop additional data centers in Canada incrementally over the next two years, adding an average of 20MW per month, with a total projected capacity of 375MW. Additionally, the JV aims to leverage upstream and downstream industry partnerships to enhance computing power. The total computing power capacity of these data centers is expected to reach 18,427P within two years.

This significant milestone underscores AGM Holdings’ commitment to strengthening its market presence in the fast-growing data center sector. By capitalizing on the increasing demand for digital assets and leveraging its expertise in hardware and software solutions, the Company is well-positioned to capture emerging opportunities brought forward by the latest artificial intelligence technology revolution, driving sustainable growth and value creation for its stakeholders.

About NOWLIT Solutions Corp.

Established in 2013, NOWLIT Solutions Corp. is a high performance computing and data center supplier based in Canada. It offers complete solution including all hardware, hosting and initial setup for new and experienced servers. It is also committed to supporting the blockchain ecosystem by offering hardware, software and a variety of solutions and services. It has invested in large-scale oil and gas fields and is involved in the construction and operation of informatization infrastructure such as third-party data center machine rooms and bitcoin mining farms. For more information, please visit https://nowlit.com/.

About AGM Group Holdings Inc.

AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

AGM Group Holdings Inc.
Email: ir@agmprime.com 
Website: http://www.agmprime.com

Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

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SOURCE AGM Group Holdings Inc.

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Alchemy Pay Becomes Ramp Provider Registered under Visa’s Ramp Provider Program

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SINGAPORE, Dec. 19, 2024 /PRNewswire/ — Alchemy Pay, the world-leading fiat-payment gateway, has achieved a significant milestone successfully registering under Visa’s new Ramp Provider Program. This registration, made possible through it’s previously announced partnership with Worldpay, one of the world’s leading payments technology companies, marks a new chapter in Alchemy Pay’s mission to bridge the gap between traditional finance and the crypto global economies.


(PRNewsfoto/Alchemy Pay)

The Visa Ramp Provider Program, effective in multiple regions including APAC, CEMEA, Europe, LAC (excluding Brazil), the U.S., and Canada, provides a framework for third-party agents (TPAs) to convert fiat currencies into non-fiat currencies like Bitcoin (BTC) and Ethereum (ETH), and vice versa. This program is an important step forward in Visa’s broader strategy to enhance digital currency adoption and facilitate seamless transactions across its global network.

With this new registration, Alchemy Pay solidifies its role as a key player in the fiat-crypto payments ecosystem, offering solutions to a wide range of clients, from crypto exchanges and wallets to everyday merchants looking to accept digital currencies. As a registered ramp provider, Alchemy Pay is well-positioned to support the growing demand for crypto-to-fiat conversion services, enabling a more streamlined, secure, and efficient payment experience for users worldwide.

Partnership with Worldpay and Authorization by Visa

Alchemy Pay’s collaboration with Worldpay and its authorization by Visa has played a pivotal role in this achievement. In December 2023, Alchemy Pay announced its partnership with Worldpay to enhance its payment capabilities and offer access to Visa and Mastercard’s payment rails via its On & Off-Ramp services. This partnership enables users to buy and sell crypto seamlessly using their credit and debit cards, further improving the customer experience.

Furthermore, Alchemy Pay has been an official service provider under Visa’s Third Party Agent (TPA) Program since January 2023. As part of this recognition and authorization, Alchemy Pay has been able to offer payment-related services to Visa’s clients, further reinforcing its position as a trusted partner in the digital currency space and has been key to its success in completing the Ramp Provider Program registration.

Looking Ahead

“We are incredibly proud to complete registration under Visa’s Ramp Provider Program,” said Ailona Tsik, CMO of Alchemy Pay. “This milestone reflects our commitment to pushing the boundaries of crypto payment solutions and expanding access to digital currencies. Our authorization by Visa, along with our close partnership with Worldpay, will help us serve more merchants and users, enhancing the adoption of crypto payments globally.”

With this new registration, Alchemy Pay is set to play an even larger role in supporting merchants, businesses, and consumers as they navigate the expanding world of digital currencies. This milestone is part of Alchemy Pay’s broader compliance efforts to strengthen its position as a trusted and regulated player in the payments ecosystem. In the same month as this registration, Alchemy Pay also accelerated its compliance efforts by securing four additional Money Transmitter Licenses (MTLs) in the United States, bringing its total to eight licenses. The company has also expanded its licensing and compliance framework across Southeast Asia, Europe, and the UK, ensuring its services meet the highest standards of regulatory oversight globally. By working closely with Visa and Worldpay, Alchemy Pay is poised to provide a smoother and more inclusive payment experience for users worldwide, further accelerating the adoption of crypto payments.

About Alchemy Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off Ramp, Web3 Digital Bank, Crypto Payments and NFT Checkout, Alchemy Pay supports payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. Our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain.

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SOURCE Alchemy Pay

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Flipster Achieves ISO/IEC Certification

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WARSAW, Poland, Dec. 19, 2024 /PRNewswire/ — Flipster, one of the fastest-growing cryptocurrency trading platforms, is proud to announce its recent achievement of the ISO/IEC 27001 certification, an internationally recognized standard for information security management. This milestone underscores Flipster’s dedication to safeguarding user data and ensuring a secure and trustworthy platform for its users.

Flipster Achieves ISO/IEC Certification

This certification enables businesses across industries and organizational sizes to effectively address security risks, protect sensitive data, and comply with legal and regulatory requirements. By adhering to this standard, organizations demonstrate their commitment to information security and resilience in the face of evolving threats.

Achieving the ISO/IEC 27001 certification represents Flipster’s commitment to transparency, reliability, and trust. It reinforces the platform’s ability to manage user information securely and aligns with its mission to provide a safe and seamless environment for trading and asset management. The certification not only reflects Flipster’s dedication to excellence but also assures customers that their data is handled with the utmost care and security.

With the ISO/IEC 27001 certification, Flipster users can trade and invest with confidence, knowing that the platform is equipped with industry-leading security measures to protect their data and assets.

About Flipster

Flipster is one of the fastest-growing cryptocurrency exchanges, offering both futures and spot trading to traders globally. It supports users in capitalizing on market opportunities with ease. Especially known for its lightning-fast perpetual futures listings, Flipster offers 250+ crypto futures pairs tradable with up to 100x leverage with zero trading fees, deep liquidity, and narrow spreads. Core products include:

  • Earn Campaign: High APR rewards of up to 22% by depositing USDT, BTC, or ETH.
  • Launchpool: Daily USDT rewards through staking, with additional rewards through task-based multipliers.
  • Airdrops: Crypto rewards from new and popular crypto projects by completing missions.
  • Flipster also offers a range of programs for VIPs, Referrals, and Affiliates. For the latest updates, follow Flipster on X.

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Crypto’s first AI quant tokenized product is launched by aarna protocol

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SINGAPORE, Dec. 17, 2024 /PRNewswire/ — aarnâ.ai unveiled âfi 802, the first AI powered quant structured product designed to bring a data-driven, risk-managed approach to DeFi. âfi 802 integrates advanced AI models with secure, audited smart contracts, offering investors a structured method to capture market alpha. By focusing on high-confidence trades and dynamic portfolio rebalancing, it’s setting a new standard for intelligent, transparent, and reliable crypto asset management.

Crypto’s first AI quant tokenized product is launched by aarna protocol

Key highlights

  • Crypto’s First AI Quant Vault: âfi 802 harnesses AI-driven alpha for smarter & structured investing.
  • Next-Gen Asset Management: Redefining decentralized asset management with AI and tokenization.
  • AI-Powered Risk-Managed Alpha: Weekly optimized portfolios delivering outlier gains while mitigating downside risks.
  • Secure & Transparent: Ethereum-based with audited smart contracts.

Market Reception

The âfi 802 vault debuted in September at Token2049, capturing attention as the crypto’s first AI quant structured product. The event underscored over two years of development for intelligent onchain digital asset management. Response has been robust, and outlier returns of the vault since launch has driven community confidence:

  • High Engagement: 500+ visitors engaged with aarnâ’s product, strong interest.
  • User Growth: Steady influx of higher-value users deploying stablecoins into âfi 802.
  • Staking: Users earn extra APY by staking âfi 802 tokens.
  • Investor Confidence: Crypto HNIs back its secure, autonomous model with deployments.
  • On track to hit the first $1M in TVL / AUM, and ramp up fast to vault cap of $10Mn
  • Multiple liquid crypto investors are in conversations to deploy in early 2025
  • Wealth management firms have evinced interest to onboard âfi 802 for their clients in Singapore

Under the hood – AI & Tokenization

Combining AI quant strategies with on-chain automation for advanced crypto investing, the AI model analyzes 90+ features — from blockchain activity, to technical indicators, and sentiment signals, and predicts high-confidence trades while avoiding low-certainty moves. This intelligent system drives weekly portfolio rebalancing, executed autonomously through secure, audited smart contracts.

> User Experience & Accessibility 

aarnâ.ai addresses DeFi’s UX challenge with a mobile-first dApp on iOS, Android, along with the web dApp. The platform allows investors to track essential metrics like Net Asset Value (NAV) and TVL in real time, ensuring transparency. The dApp supports stablecoin deposits (USDC, USDT, DAI), and provides a streamlined experience for both retail and institutional investors to engage with complex DeFi strategies.

> Custody, Liquidity, & Risk

Investors retain custody of their funds and can redeem at NAV at any time, ensuring liquidity. The platform’s adaptive stop-loss system helps guard against sudden market downturns, while the AI model focuses on high-confidence trades. This combination of control, transparency, and risk management seeks to deliver outlier returns while mitigating downside exposure.

The Bigger Picture: Why âfi 802 Matters

High value investors – including HNIs, project treasuries, and whales—need a data-driven, self-custodied approach to managing crypto investments, with minimized counterparty risk and autonomy. âfi 802 is purpose-built, offering a structured, AI-driven model for smarter asset management. Moreover, with its decentralized architecture, aarnâ democratizes access, bringing sophisticated strategies to individual investors too.

aarnâ is backed by an experienced team who have been in the trenches, deeply researching AI and tokenization. Repeat founder, Sri Misra applies a systems thinking led approach to DeFi. From leading M&A in London to founding Milk Mantra—a purpose driven consumer startup backed by Fidelity, Sri Misra & the aarnâ team brings a proven track record. With âfi 802, aarnâ aims to replicate the role that structured products like mutual funds, ETFs and quant funds play in traditional markets.

Aarnâ.ai > âfi 802 tokenized AI alpha

Discover how AI-driven, risk-managed crypto investing can work for you at https://aarna.ai

For inquiries: afi@aarna.ai 

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HTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year

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SINGAPORE, Dec. 17, 2024 /PRNewswire/ — As Bitcoin surpassed the $100,000 mark on December 5, 2024, this landmark year for the crypto industry is closing on a high note. It has also been a fruitful year for HTX Ventures, the global investment division of HTX, which supported a total of 28 leading crypto projects and funds, continually exploring new frontiers of crypto utility. Recently, HTX Ventures released its 2024 Year In Review, highlighting this year’s key developments in the crypto industry and forecasting market trends for the upcoming year.

Within this report, HTX Ventures highlighted five key sectors that showed encouraging progress in 2024 – the Bitcoin Ecosystem, Infrastructure, Meme Coins, AI, and the TON Ecosystem – and will continue to closely monitor these areas in 2025.

Bitcoin Ecosystem

With Bitcoin dominance reaching 56.81% and Bitcoin spot ETFs now accounting for 5.3% of the total Bitcoin supply, a new market trend has emerged. Bitcoin has solidified its position as the core asset, with spot ETFs acting as liquidity channels, and U.S. listed companies such as MicroStrategy (MSTR) serving as the vehicles to absorb unlimited dollar liquidity.

As a result, it is increasingly essential to further develop Bitcoin’s ecosystem and enhance capital utilization efficiency. It has driven infrastructure projects, including Layer 2s, execution layers, interoperability solutions and security layers, to continuously emerge.

With strong support from macro markets and infrastructure support, HTX Ventures anticipates a further surge in Bitcoin demand over the next two years.

Infrastructure

Infrastructure remained a cornerstone in this year’s crypto investments and funding. The synergy between capital and technology has driven the rapid development of Layer 1, Layer 2,  and middleware projects, among others.

Through ongoing upgrades and construction, the Ethereum ecosystem has improved Layer 2s’ performance and reduced network fees. Other Layer 1s, such as Solana and TRON, achieved active on-chain transactions, attributable to the development of meme coins, and infrastructure like Pump.fun and Sunpump. Layer 0 and cross-chain middleware have made breakthroughs in interoperability, expanding the multi-chain landscape. Modular public blockchains, like Celestia and Monad, offered exceptional performance and flexibility, thus attracting diverse applications. Restaking projects, which aim to enhance network security and capital efficiency, has seen speedy development and gained market attention. Bitcoin Layer 2 has emerged as a new focus in the primary market for its attempt to combine Bitcoin’s security with high-performance scaling solutions.

As HTX Ventures stated, infrastructure is still imperative in this year’s crypto investments and funding. Layer 1 solutions, in particular, now represent the focal point of technical development and exploration within the crypto space, and it is expected to remain a priority for development resources and capital investment in the future.

Meme Coins

The Meme coin sector emerged as a hotspot in the crypto market in 2024, fostering community consensus while integrating with fields like DeFi and GameFi to create new use cases. For example, Solana has actively championed the innovation and growth of meme projects, successfully energizing its ecosystem. As the crypto market environment grows increasingly favorable, more retail investors are expected to enter the market, positioning Meme projects as vital channels for capital inflows.

The Meme coin fair launch sector has gained significant market attention and attracted substantial participants this year. Infrastructure projects such as Pump.fun and SunPump have emerged as top-performing cash flow generators, injecting fresh momentum into Meme coin development. As multi-chain ecosystems mature and real-world use cases expand, Meme coin infrastructure will continue injecting more vitality into this sector.

AI

In 2024, the intersection of Crypto and AI sector has been driving the exploration of several segmented fields such as ZK/OPML for enabling AI on-chain, AI data crowdsourcing, decentralized computing power rental, AI data trading, AI games, and AI agents.

One of the hottest segmented fields is AI agents, which are put on chains to take advantage of the token mechanism to incentivise and bootstrap certain behaviors with the agents, including interacting with smart contracts, trading and querying on behalf of users. In the future, AI agents will gradually become personal butlers and assistants for users, serving them with comprehensive capabilities, such as independent asset issuance, initiation of viral marketing campaigns, formation of DAOs, and even fund management and investment decision-making. Over time, they may develop unique cultures and religions. This deep integration of AI and encryption technology is a groundbreaking evolution that is unattainable within Web2 and cannot be achieved by Web3 relying solely on encryption technology.

TON Ecosystem

Attributable to Telegram’s hundreds of millions of users and robust technical support, the TON (The Open Network) ecosystem has progressively developed into a multi-layered blockchain ecosystem. In 2024, it experienced a full-scale boom in its ecosystem and market presence. From DeFi and meme coins to NFTs and gaming, TON leveraged its massive user base to achieve significant milestones in various fields, pioneering the monetization of Web2 social applications through crypto.

One standout success was the adoption of “tap-to-earn” games with token airdrop incentives, which effectively onboarded a large number of Web2 users. However, as the TON ecosystem moves into 2025, it must explore and find new business models to improve user retention and identify its next growth curve.

2025 Outlook

Donald Trump’s expected repeal of SAB 121 after his inauguration on January 20, 2025, would allow traditional financial institutions to hold crypto assets on their balance sheets, further accelerating the institutionalization of crypto assets. The repeal will not only open up more financing options for crypto but also make spot cryptos more accessible through existing institutional exchanges and partnerships.

At the same time, this regulatory easing is poised to enhance the overall maturity of the institutional crypto market. With the entry of traditional financial institutions, Bitcoin is anticipated to gain stronger support and gradually establish itself as a core dollar-denominated asset, alongside others tied to the dollar industry cycles, such as AI.

HTX Ventures points out that the market is still far from its bull market peak. Against the backdrop of Trump’s fiscal expansion policies and unprecedented crypto-friendly signals, a robust bull market is expected.

To learn more, please visit: https://square.htx.com/htx-ventures-2024-year-in-review/

About HTX Ventures

HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With more than a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.

HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (“FOF”) investors, HTX Ventures invests in 30 top global funds and collaborates with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build a blockchain ecosystem. Visit us here.
Feel free to contact us for investment and collaboration at VC@htx-inc.com

Contact Details
Ruder Finn Asia
htx@ruderfinn.com 

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Cryptocurrency Market to grow by USD 34.5 Billion (2024-2028), driven by rising investments in digital assets, Report on AI’s impact on market trends – Technavio

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NEW YORK, Dec. 15, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global cryptocurrency market size is estimated to grow by USD 34.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.64% during the forecast period. Rising investment in digital assets is driving market growth, with a trend towards acceptance of cryptocurrency by retailers. However, volatility in value of cryptocurrency poses a challenge. Key market players include AlphaPoint Corp., Binance Holdings Ltd., Bitcoinforme S.L., Bitfury Group Ltd., CEX.IO Ltd, Coinbase Global Inc., Dogecoin, FMR LLC, Gemini Trust Co. LLC, KuCoin, Ledger SAS, Marathon Digital Holdings Inc, Pantera Capital, Pintu Kemana Saja, Riot Platforms Inc., Ripple Labs Inc., Shiba Inu, WazirX, Xapo Bank Ltd., Cardano, and Valora.


Technavio has announced its latest market research report titled Global Cryptocurrency Market 2024-2028

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Bitcoin, Ethereum, and Avalanche and others), Component (Hardware and Software), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

AlphaPoint Corp., Binance Holdings Ltd., Bitcoinforme S.L., Bitfury Group Ltd., CEX.IO Ltd, Coinbase Global Inc., Dogecoin, FMR LLC, Gemini Trust Co. LLC, KuCoin, Ledger SAS, Marathon Digital Holdings Inc, Pantera Capital, Pintu Kemana Saja, Riot Platforms Inc., Ripple Labs Inc., Shiba Inu, WazirX, Xapo Bank Ltd., Cardano, and Valora

Key Market Trends Fueling Growth

The adoption of cryptocurrencies like Bitcoin and Ether has gained traction among the public, retailers, and merchants for everyday transactions. In 2022, major retailers, including Starbucks, accepting cryptocurrencies improved public perception and their use for financial transactions. Starbucks currently partners with third-party exchanges for cryptocurrency-to-cash conversions. In April 2022, Starbucks introduced NFTs and cryptocurrencies for payments. Companies such as Tesla, PayPal, Microsoft, and AT&T accept cryptocurrencies for various transactions. Microsoft accepts Bitcoin for digital products and services. AT&T uses the BitPay processor for Bitcoin bill payments. EGifter is a platform for purchasing gift cards with Bitcoin and other cryptocurrencies. Cryptocurrencies, such as Bitcoin, have a faster growth rate than inflation, providing businesses with a valuable savings option. For small businesses and retailers, accepting cryptocurrency as an alternative payment method is crucial for unexpected circumstances and market growth. 

Cryptocurrencies, like Bitcoin and Ethereum, are digital currencies based on decentralized technology called Blockchain. This technology allows secure, transparent transactions without the need for intermediaries. Global adoption of cryptocurrencies is on the rise, but price volatility remains a concern. Cybersecurity and theft risk are significant challenges, with regulatory outlooks varying worldwide. Energy consumption and environmental effects are topics of debate. Skilled developers are in high demand for financial services in this digital revolution. Consumer protection and financial stability are crucial. Digital assets offer investment opportunities, but beware of scams and fraudulent investments. Renewable energy and blockchain talent are keys to a sustainable future. Cryptography and decentralized systems ensure secure transactions on public ledgers. Altcoins, mining, digital wallets, encryption, trading, brokers, and cryptocurrency exchanges are essential components of this market. Fiat currency payment methods include ACH transfers and wire transfers. Hot wallets and cold wallets offer different levels of security. Be cautious of crypto scams, fraud, and romance scams. Bitcoin trusts and mutual funds are investment vehicles. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

  • The cryptocurrency market is characterized by extreme volatility due to the significant control held by a limited number of investors who trade high volumes on platforms and exchanges. In June 2022, Bitcoin experienced a 10% one-day value drop from its November 2021 peak of USD69,000 per token. Other digital currencies, such as Shiba Inu and Dogecoin, also saw declines of over 15%. The absence of regulations and fees on trading platforms contributes to this volatility, allowing those holding large shares to manipulate value for profit. Major investors, including Accel, Ribbit Capital, and Insight Partners, have chosen not to include cryptocurrency in their portfolios due to these risks, potentially hindering the market’s growth. The recent regulatory announcement in a certain country further exacerbated the market instability, causing significant drops in value for various cryptocurrencies.
  • Cryptocurrencies, digital assets, offer financial innovation but bring challenges. Financial stability is a concern due to price volatility. Scams and fraudulent investments pose risks. Renewable energy and blockchain talent are keys to growth. Cryptography and decentralized systems ensure secure transactions on the public ledger. Altcoins, mining, and digital wallets expand the market. Encryption and trading require brokers and cryptocurrency exchanges. Fiat currency transactions via ACH and wire transfers are common payment methods. Hot wallets offer ease, cold wallets ensure security. Crypto scams, fraud, and romance scams threaten investors. Bitcoin trusts, mutual funds, and blockchain stocks offer investment vehicles. E-commerce, luxury goods, insurance payments, and cryptocurrency debit cards broaden use. Security is crucial, with encryption and decentralization providing solutions.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This cryptocurrency market report extensively covers market segmentation by

  1. Type 
    • 1.1 Bitcoin
    • 1.2 Ethereum
    • 1.3 Avalanche and others
  2. Component 
    • 2.1 Hardware
    • 2.2 Software
  3. Geography 
    • 3.1 North America
    • 3.2 Europe
    • 3.3 APAC
    • 3.4 South America
    • 3.5 Middle East and Africa

1.1 BitcoinBitcoin, the leading cryptocurrency with a market capitalization exceeding USD470 billion, is a digital currency that operates without central authorities. Its peer-to-peer (P2P) transfer system has gained global popularity, with 95% of interested parties aware of its existence. Bitcoin‘s market dominance is substantial, surpassing Ethereum‘s market cap by more than double. Tether, USD Coin, Binance USD, and DAI, pegged to the US dollar, are among the top cryptocurrencies in the top-20. In the US, approximately 8% of the population engages in cryptocurrency trading. Bitcoin‘s decentralized system, the blockchain, records all transactions on a public ledger, ensuring transparency and security. This widespread adoption and unique features contribute significantly to the expansion of the global cryptocurrency market.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The cryptocurrency market is a dynamic and evolving landscape shaped by the adoption of decentralized currencies built on blockchain technology. This digital revolution offers a decentralized system for financial transactions, enabling peer-to-peer exchanges without intermediaries. Ethereum, Bitcoin, Litecoin, Ripple, and a multitude of altcoins are leading the charge. However, the market faces challenges such as price volatility, cybersecurity threats, and theft risks. Regulatory outlooks vary globally, impacting financial services and consumer protection. Energy consumption and environmental effects are also concerns, while the need for skilled developers and blockchain talent continues to grow. Renewable energy solutions and cryptography offer potential solutions to these challenges. Amidst this digital revolution, financial stability and consumer protection remain key priorities. Despite scams and fraudulent investments, the potential for innovation and disruption is immense.

Market Research Overview

Cryptocurrencies, decentralized digital currencies built on blockchain technology, have revolutionized the financial landscape. Ethereum, the second-largest cryptocurrency, leads the charge in global adoption. However, price volatility remains a significant challenge. Cybersecurity and theft risk are concerns, with regulatory outlooks varying globally. Energy consumption and environmental effects are debated. Skilled developers are in high demand to build and secure the decentralized system. Financial services embrace cryptocurrencies, offering digital wallets, trading platforms, and investment vehicles like Bitcoin trusts and mutual funds. Consumer protection and financial stability are crucial. Renewable energy sources are being explored to reduce cryptocurrency‘s carbon footprint. Blockchain talent, cryptography, and decentralized transactions form the backbone of this digital revolution. Transactions are recorded on a public ledger, with altcoins, mining, and cryptocurrency exchanges playing key roles. Digital wallets, encryption, and trading brokers facilitate transactions. Fiat currency payment methods like ACH transfers and wire transfers can be used for cryptocurrency purchases. Hot and cold wallets offer different levels of security. Cryptocurrency scams and fraudulent investments are risks to be aware of. Cryptocurrency debit cards and insurance payments are emerging use cases.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

  • Type
    • Bitcoin
    • Ethereum
    • Avalanche And Others
  • Component
    • Hardware
    • Software
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/


Global Cryptocurrency Market 2024-2028

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SOURCE Technavio

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Human Traders Take the Lead Over Bots in the Bybit Copy Trading Competition

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DUBAI, UAE, Dec. 13, 2024  /CNW/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially kicked off Copy Trading Face-Off: Human vs. Bot Copy Trading competition this week With a 200,000 USDT prize pool available to squad leaders, followers, and voters, the competition offers exciting opportunities for a wide range of participants.

Four days in, the intense showdown between Human Squads and Bot Squads has driven the total trading volume over 1.3 billion USDT and growing. Over 1,100 traders have formed or joined a squad of their choice, with 63% of them opting for the human camp. Thousands more have cast votes in favor of manual versus automated trading, with over 76% of the voters believing the human traders will claim eventual victory over bots.

The heat is still on: the competition is still accepting new participants and will be concluding on Jan. 8, 2025. Upon reaching the targeted total trading volume, the 200,000 USDT prize pool will be fully unlocked:

  • Grand Prize: 60% will go to the ultimate winning squad, which must reign over at least two of the three leaderboards: Master Traders’ PnL (%), Followers’ PnL (%), and Average Followers’ PnL (%).
  • Rewards All Around: Non-winning squads that come in second will share 20% of the prize pool, ensuring their efforts are rewarded. Additionally, the top 100 traders by trading volume will split 30,000 USDT.
  • Prediction Pool: 5% of the prize pool is allocated to 1,000 lucky voters.

Within each squad, Master Traders and Followers will share their winnings proportionally. Registration is required, and restrictions apply.

“We are thrilled to introduce an exciting twist to copy trading—our Human vs. BOT Copytrading Competition,” said Jerry Li, Head of Financial Products at Bybit. “This innovative campaign brings together the best of both worlds, pitting skilled human traders against cutting-edge trading bots. With two dynamic squads, the Human Squad, led by seasoned traders, and the BOT Squad, driven by advanced AI algorithms, users can choose their preferred side and join the action. This competition showcases our commitment to empowering traders with diverse tools while fostering an engaging and competitive environment. It’s not just trading; it’s the future of trading. Let the ultimate challenge begin!”

Bybit Copy Trading provides a dynamic and practical solution for users to enhance their trading strategies while drawing inspiration from others. With just a few clicks, users can follow the trading styles of their preferred trading professionals.

For more information on the competition and terms and conditions, users may visit: Copy Trading Face-Off: Human vs. Bot.

Human Traders Take the Lead Over Bots in the Bybit Copy Trading Competition

#Bybit / #TheCryptoArk

About Bybit

Bybit 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 Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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SOURCE Bybit

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Wirex Announces the Winners of the 2024 Rising Women in Crypto Awards

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LONDON, Dec. 13, 2024 /PRNewswire/ — Wirex, a leading Web3 money app, is proud to announce the winners of the 2024 Rising Women in Crypto Awards, recognising the incredible contributions of women driving innovation and change in the crypto and blockchain industries.

Wirex Announces the Winners of the 2024 Rising Women in Crypto Awards

This year’s awards, supported by media partner BeInCrypto, celebrated women from across the globe who are making waves in their fields. Winners were chosen through a combination of public voting and evaluations by a distinguished panel of industry experts.

2024 Rising Women in Crypto Awards Winners

  • Best Blockchain Developer: Courtney Jensen, Ecosystem Engineer at Solana Foundation
  • Best Crypto Journalist: Carina Schuster, Editorial Contributor at Forbes Business Development Council
  • Best NFT Creator: Amrita Sethi, NFT Artist at Art by Amrita
  • Best Founder: Dina Sam‘an, Co-Founder & Managing Director at CoinMENA
  • Best Crypto Marketer: Julie Lee, Director of Marketing at Injective Labs
  • Best Crypto Influencer: Lavinia Osbourne, Founder of Women in Blockchain Talks
  • Best Crypto Compliance Expert: Liat Shetret, Director of Global Policy & Regulation at Elliptic
  • Best Web3 UX/UI Designer: Sinlin Yeo, Founder of Web3 UX Community

Thank You to Our Community and Judges

Wirex would like to extend a heartfelt thank you to everyone who voted and supported this initiative. A special thanks to our expert jury, who brought their insights and experience to the selection process:

  • Alena Afanaseva, Founder & CEO at BeInCrypto
  • Alexandra Overgaag, Founder & CEO of Thrilld Labs
  • Elo Gimenez, Global PR Director at Consensys
  • Kara Howard, Founder of SI<3>
  • Malak Albaw, Chief Investment Officer at AstroMust
  • Maria Magenes, VP Strategy at Hype Partners
  • Tove Andersson, Entrepreneur, Executive, and Community Builder at KryptoGäris & Bitchcoin
  • Olga Yaroshevsky, Managing Director at AIBC
  • Simone Maini, CEO at Elliptic

Pavel Matveev, Co-Founder of Wirex, said: “These awards not only celebrate the remarkable contributions of women in blockchain and crypto but also underline the importance of diversity in building a truly innovative industry. At Wirex, we’re proud to support initiatives that empower underrepresented voices and foster a more inclusive future for fintech.”

“We are thrilled to recognize these exceptional women who are shaping the future of blockchain and crypto,” said Diana Velychko, PR & Communications Manager and Campaign Coordinator for the Rising Women in Crypto Awards at Wirex. “Their work continues to inspire and drive positive change in the industry.”

The awards, presented annually by Wirex, aim to celebrate and amplify the voices of women making a difference in the world of blockchain and crypto. This initiative highlights the importance of diversity and inclusion in driving the future of the industry.

Notes to editors:

About Wirex

Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly.  As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.

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BC.GAME Launches the “CAPTAIN ELARA RETURNS” Event: Daily Rewards and a Porsche Giveaway

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NICOSIA, Cyprus, Dec. 12, 2024 /PRNewswire/ — Leading crypto gaming platform BC.GAME has announced the launch of its anniversary event CAPTAIN ELARA RETURNS. The event will run from December 1 to December 31, 2024, offering players an exciting month-long adventure filled with challenges and massive rewards, including daily prizes, exclusive in-game items, sports free bets, and a chance to win a Porsche through the Lucky Raffling Challenge.



Event Highlights: Daily Rewards and Grand Prizes

The “CAPTAIN ELARA RETURNS event offers a variety of challenges, each providing players with opportunities to earn impressive rewards. Participants can win by completing the following challenges:

  • Daily Deposit Ultimate Quest: Players can earn rewards by making daily deposits, with the final day offering a massive 30% bonus on deposits.
  • Looted Legacy: This challenge offers over $150,000 in bounty prizes, with players competing for the lucrative prize pool.
  • Golden Sports: Players can join sports challenges to win free sports bets and other prizes.
  • Snowy Showdown: This weekly challenge delivers exclusive rewards for players.

Additionally, the Lucky Raffling Challenge stands out as the ultimate prize opportunity, where participants have a chance to win a Porsche, capping off this thrilling anniversary event.

Simple Participation, Big Rewards

Getting involved in the “CAPTAIN ELARA RETURNS event is easy. Players just need to make daily deposits, participate in sports challenges, or complete in-game tasks to be eligible for the daily prize pool and rewards.

Rewards will be distributed daily, ensuring that players stay engaged and motivated throughout the month-long event. Higher wagers will increase the chances of winning.

How to Participate: Easy Steps to Get Started

  1. Deposit Daily: Start making daily deposits from December 1, 2024, to unlock rewards and special boosts.
  2. Complete Challenges: Participate in Looted Legacy, Golden Sports, and Snowy Showdown challenges, and take part in the Lucky Raffling Challenge for a chance to win a Porsche.
  3. Earn and Win: Watch your rewards grow daily as you engage with the event, with chances to win prizes, free bets, and more.

For more details, visit the BC.GAME Official Website and follow us on X (@BCGameOfficial) for the latest updates.

About BC.GAME

BC.GAME is a leading crypto gaming platform known for offering a wide range of exciting games and sports betting opportunities. With a focus on innovation, security, and providing users with a top-tier experience, BC.GAME continues to push the boundaries of what’s possible in crypto gaming through events like “CAPTAIN ELARA RETURNS.


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KuCoin and Holdstation Partner to Transform Vietnam’s Blockchain Ecosystem

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VICTORIA, Seychelles, Dec. 12, 2024 /PRNewswire/ — KuCoin, one of the world’s leading digital asset technology platforms, is excited to announce the strategic partnership with Holdstation, a prominent player in Vietnam’s blockchain landscape known for its innovative all-in-one asset management and wallet solution. This collaboration aims to propel blockchain adoption and DeFi innovation, fostering initiatives that enhance education, support startups, and create integrated crypto solutions tailored specifically for Vietnam and beyond.

Through this partnership, KuCoin and Holdstation will jointly develop blockchain-enabled applications, enhance infrastructure, and implement start-up accelerator programs in Vietnam. Additionally, the partnership will roll out comprehensive blockchain education initiatives targeting local communities, universities, and broader business collaborations on a global scale.

“Partnering with KuCoin enables us to combine our local expertise with their global expertise, paving the way for significant advancements in blockchain innovation within Vietnam,” said Trung Banh, Co-founder of Holdstation. “We are thrilled to support the community and contribute to the growth of a vibrant digital economy.”

Alicia Kao, Managing Director of KuCoin, stated, “We are proud to establish this strategic relationship with HoldStation. The potential in the Vietnamese market is immense, and we are committed to supporting the local community for the digital economy and blockchain technology.”

By joining forces, the partnership is poised to drive the adoption of millions of new users through the introduction of accessible and innovative tools. It also aims to fuel economic growth in Vietnam by empowering local blockchain startups to unlock their potential and build awareness through high-impact events designed to educate and provide local communities with exposure to the Web3 ecosystem through immersive learning experiences.

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 30 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

About Holdstation

A next-generation DeFi wallet with a mission to bring decentralized finance tools and crypto accessibility to everyday users, particularly in emerging markets like Vietnam.

Holdstation continues to solidify its reputation as a leading force in the DeFi and Web3 space, boasting approximately 350,000 monthly active users. The platform has generated a total volume of $38 billion and over $3.1 million in fees. As one of the top 4 DEXs globally and the leader on ZKsync, Holdstation is driving innovation through multichain expansion, AI-powered initiatives, Account Abstraction and the introduction of features like prediction markets. Upcoming integrations with Berachain and WorldChain by Q4 2024 will boost liquidity and accessibility positions Holdstation for sustained growth and leadership in the evolving Web3 ecosystem.

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