Category: Cryptocurrency

This post was originally published on this site

DUBAI, UAE, Dec. 2, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, steps up its commitment to the Brazilian market with the physical Bybit Card. Starting now, users in Brazil may pre-register their interest in the physical Bybit Card and enjoy free card issuance for a limited time only. The evolution of the Bybit Card reaffirms Bybit’s mission to deliver accessible and innovative financial solutions to its growing user base globally.

Bybit users in Brazil may unlock early access to the physical card before the general release in two simple steps:

1. Apply for a virtual card and wait for approval; and
2. Sign in and pre-register to secure the physical card for free.

Applications received during the pre-registration stage are entitled to extra perks, as the physical card will be offered at zero cost. Additionally, from now until the end of 2024, new users may also benefit from a generous welcome offer: successful applicants may unlock a 150 BRL reward simply by depositing 100 USDT and spending with the card.

Available virtually since Sep. 2024, the Bybit Card helped remove barriers to everyday crypto spending for more than 28 thousand users in Brazil. A strategic market in Latin America, Brazil has shown increasing demands for crypto assets in the private as well as public sectors, making reliable and convenient off-ramp solutions a necessity as crypto adoption rate rises.

“We are pleased to bring the Bybit Card experience in physical form for our customers in Brazil,” said Joan Han, Sales and Marketing Director of Bybit. “The Bybit Card has seen exponential growth this year and it would not have been possible without the support and trust of our users across four continents. We hope the physical card will accompany them on their journey when they make daily purchases and travel the world,” she said.

The Bybit Card comes with copious rewards for loyal users. With over 90 million merchants worldwide in the Mastercard network, the Bybit Card plugs the gap between crypto holdings and global spending with added benefits:

• Zero fees for card issuance and delivery
• Zero annual or hidden fees
• 2% cashback in USDT, BTC and ETH on eligible purchases
• Up to 8% APY
• Instant virtual card for immediate access to funds

Users may learn more about how to Live the Crypto Life With Bybit Card.

#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

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Photo – https://megastockalert.com/wp-content/uploads/2024/12/Bybit_Card_Accepts_Pre_Registration_Physical_Cards_Brazil_Simplifying_Global_Spending.jpg
Logo – https://megastockalert.com/wp-content/uploads/2024/03/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bybit-card-accepts-pre-registration-for-physical-cards-in-brazil-simplifying-global-spending-with-crypto-302319435.html

Featured Image: depositphotos @ ilolab

Disclaimer

This post was originally published on this site

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week.

Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January.

Key Insights:

ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors’ expectation of a more crypto-friendly SEC Chair after Gensler’s last day on Jan. 20, 2025.

BTC price in retreat: BTC price’s ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.

ETH options – bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.

Access the Full Report:

Read the full report in context here.

#Bybit / #TheCryptoArk /#BybitResearch

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

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Photo – https://megastockalert.com/wp-content/uploads/2024/11/Bybit_x_Block_Scholes_Derivatives_Report_ETH_Outperforms_BTC.jpg
Logo – https://megastockalert.com/wp-content/uploads/2024/03/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bybit-x-block-scholes-derivatives-report-eth-outperforms-btc-302318387.html

Featured Image: depositphotos @ EdZbarzhyvetsky

Disclaimer

This post was originally published on this site

The world of cryptocurrency is buzzing with excitement over CYBRO, a new decentralized finance (DeFi) platform gaining traction among large-scale investors and analysts. With the presale of CYBRO tokens surpassing $5.5 million, many are looking at this emerging asset as a unique opportunity within the ever-changing crypto investment trends. Let’s explore why this project has captured the attention of industry heavyweights and what it means for your crypto investment strategy.

CYBRO Presale Hits $5.5 Million: A Rare DeFi Opportunity

CYBRO’s presale success, with over $5.5 million raised, is making waves in the crypto world. Positioned as a multichain DeFi platform, CYBRO enables investors to maximize returns across multiple blockchains regardless of market fluctuations.

During the presale, CYBRO tokens are priced at $0.045, and experts predict a potential ROI of up to 1200%. This has led to significant interest from Solana (SOL) whales and other influential figures in the cryptocurrency space, reinforcing confidence in CYBRO’s potential.

Investors in CYBRO gain access to numerous exclusive benefits, including:

High staking rewards

Generous airdrops

Cashback on purchases

Discounted trading and lending fees

Robust insurance programs

With only 21% of tokens allocated for the presale and 100 million already claimed, CYBRO’s unique features set it apart in the crowded DeFi landscape. The project’s technological innovation and strong backing underscore its appeal to forward-thinking investors.

Solana’s Price Dip and Its Implications

While CYBRO gains momentum, Solana (SOL) has seen a recent dip in price, currently trading between $233.64 and $266.25. Over the past week, SOL’s value dropped by 6.88%, though it gained an impressive 30.92% in the last month. Analysts point to key indicators such as the Relative Strength Index (23.04) and Stochastic (13.75), both suggesting that Solana is oversold and could experience a rebound.

Resistance levels for Solana are set at $283.64 and $318.25, representing potential increases of 17% and 34%, respectively. On the downside, support levels at $214.41 and $179.81 provide a cushion against further declines. While Solana’s long-term potential remains intact, its recent volatility highlights the importance of diversification and strategic allocation.

Why CYBRO is a Game-Changer in Crypto Investment Trends

CYBRO stands out as a promising project within the DeFi space. Built on the Blast blockchain, it leverages AI-driven yield aggregation to optimize earnings for its users. This technological edge, combined with its transparent and compliant framework, ensures a superior experience for both new and seasoned investors.

The project’s focus on usability and security has attracted endorsements from crypto whales and influential market analysts. Features such as smooth deposits and withdrawals, coupled with a commitment to transparency, reinforce CYBRO’s standing as a reliable platform. For investors wary of market volatility, CYBRO’s diversified earning mechanisms offer a measure of stability in an unpredictable industry.

The Role of Major Players in CYBRO’S Growth Potential

The backing of major investors, including Solana whales, underscores CYBRO’s credibility and growth potential. Companies such as Coinbase (NASDAQ:COIN) and Riot Platforms (NASDAQ:RIOT) also demonstrate the increasing institutional interest in innovative blockchain solutions. While CYBRO is not yet publicly listed, its early success points to a bright future in the competitive crypto landscape.

Conclusion

The rise of CYBRO amid shifting crypto investment trends highlights the growing appetite for innovative DeFi solutions. With its successful presale, cutting-edge technology, and support from prominent investors, CYBRO has positioned itself as a standout opportunity in the crypto market.

Whether you’re diversifying your portfolio or exploring new opportunities, keeping an eye on projects like CYBRO could be a smart move. As always, remember to invest only what you can afford to lose and maintain a balanced approach to mitigate risks.

Featured Image:  Freepik © ojosujono96

Please see disclaimer

This post was originally published on this site

The value of cryptocurrencies like Bitcoin has been climbing significantly following Donald Trump’s return to the political spotlight. As of November 22, Bitcoin hit a historic peak of over $99,000. Despite this upward trajectory, financial experts caution investors against diving headfirst into the crypto market. Let’s explore the core reasons why crypto risks should not be overlooked.

The Volatility of Cryptocurrencies

Rachel Lawrence, CFP and head of advice at Monarch, warns that cryptocurrency’s volatility is a double-edged sword. She believes a Trump presidency could create favorable conditions for crypto, including reduced regulations and energy policies that lower operational costs for miners. However, Lawrence emphasizes the unpredictability of the market:

“The crypto universe changes so quickly in reaction to world events,” Lawrence said. “While values might initially climb, one negative policy shift or global incident could send prices plummeting.”

This volatility, combined with the lack of tangible assets backing cryptocurrencies, makes them inherently risky compared to traditional investments like stocks or real estate.

Regulatory Risks Persist

Cryptocurrencies remain largely unregulated, which adds another layer of uncertainty. Unlike stocks held through brokers protected by the Securities Investor Protection Corporation (SIPC), crypto investors have no such safety net. Lawrence points out:

“If your crypto account gets hacked or a transaction is fraudulent, there’s no recourse to recover your funds.”

Platforms offering crypto services may also operate in jurisdictions with weak consumer protections, making it difficult to resolve disputes or secure assistance when issues arise.

The Energy Debate

Energy policies under a Trump administration could influence crypto’s trajectory. Cryptocurrencies, particularly Bitcoin, consume vast amounts of energy for mining operations. Policies favoring expanded fossil fuel use might lower mining costs, but this reliance on energy also leaves crypto vulnerable to fluctuating energy prices or environmental regulations. A sudden shift could have dramatic effects on market stability.

Illiquidity and Market Manipulation

Investing in lesser-known cryptocurrencies amplifies the risk of illiquidity. If demand dries up, selling your holdings could become difficult or even impossible. Market manipulation also remains a concern, particularly in small-cap cryptocurrencies with lower trading volumes.

Protecting Yourself in a Risky Market

Although crypto risks are substantial, investors can adopt strategies to minimize exposure. Lawrence recommends:

Choose Reputable Custodians: Use a trusted company or hardware wallet to store your crypto.

Diversify: Limit crypto investments to 5% or less of your portfolio.

Stick to Major Cryptocurrencies: Established options like Bitcoin and Ethereum typically have higher liquidity and lower risks of obsolescence.

Utilize Dollar-Cost Averaging: Investing small amounts regularly reduces the impact of market timing.

Secure Recovery Options: Always set up password recovery mechanisms and store credentials securely.

The Long View on Cryptocurrency Investments

While Trump’s presidency might create favorable conditions for crypto, the inherent risks of this volatile asset class remain. Investing only what you can afford to lose and maintaining a diversified portfolio are essential safeguards.

Companies like Coinbase (NASDAQ:COIN) and Riot Platforms (NASDAQ:RIOT) may benefit from an uptick in crypto’s popularity, but the same caution applies to equities tied to the crypto market. Ultimately, understanding the volatile nature of crypto risks is key to navigating this complex investment landscape.By remaining vigilant and informed, investors can make safer choices in this high-risk, high-reward market. Avoid going all in—your portfolio will thank you.

Featured Image: depositphotos @ zoomteam

Disclaimer

This post was originally published on this site

GZIRA, Malta, Nov. 28, 2024 /PRNewswire/ — Popular iGaming content provider BGaming has secured a highly sought-after licence in Peru, marking a significant milestone in its expansion across LatAm.

BGaming’s technical system of gaming software and its engaging portfolio have been officially approved by the gambling regulator Mincetur, a national administrative authority which implements and oversees all aspects of online gaming and sports betting in Peru. By receiving the B2B certification, BGaming broadens its appeal with local licenced operators in the newly regulated market.

The licence also opens up more opportunities for BGaming to expand its business and strengthen its position in the wider LatAm region, where it has enjoyed significant attention in the last 12 months.

Marina Ostrovtsova, CEO at BGaming, said: “Securing the Peru licence marks a pivotal moment in BGaming’s global expansion. This certification not only strengthens our presence in Latin America but also underscores our commitment to bringing high-quality, immersive gaming experiences to new audiences.

“We are excited about the opportunities this will unlock, both in terms of growth and the reception of our slots in this new market.”

BGaming is a fast-growing iGaming content provider converting gambling into gaming. Thanks to an expert team and a player-driven approach, the studio creates innovative and engaging products featured on reputable platforms and 1,000+ online casinos worldwide. BGaming is the world’s first to support cryptocurrencies and offer Provably Fair games. Today the brand’s portfolio includes 100+ products with HD graphics and a clear user interface for every device. The studio is also known for its brand exclusives created in partnerships with leading operators in the industry.

Photo – https://megastockalert.com/wp-content/uploads/2024/11/BGaming.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bgaming-awarded-peru-supplier-licence-302317696.html

Featured Image: depositphotos @ sdecoret

Disclaimer

This post was originally published on this site

Bitcoin (BTC-USD), the world’s first cryptocurrency, has captured global attention with record-breaking valuations. After doubling in value during 2024, Bitcoin is now trading near $100,000, sparking interest among investors. But is Bitcoin right for your portfolio? This article explores Bitcoin investment basics, from how it works to its benefits and risks.

What Is Bitcoin?

Bitcoin is a decentralized digital currency launched in 2009 by an anonymous creator known as Satoshi Nakamoto. Unlike traditional currencies, Bitcoin transactions occur on a blockchain, a decentralized ledger designed to prevent fraud.

Only 21 million Bitcoin tokens will ever be created, with about 19 million already in circulation. This scarcity drives demand, especially as Bitcoin undergoes “halving” events roughly every four years, reducing the rate at which new tokens are mined.

Currently, Bitcoin’s price hovers near $98,000. While owning a full Bitcoin is costly, fractional ownership—measured in units called Satoshis—is common, making it accessible to a broader range of investors.

How Does Bitcoin Work?

Bitcoin transactions are validated by crypto miners using advanced computing power to solve complex algorithms. Miners earn Bitcoin as a reward for their efforts, keeping the blockchain secure and functional.

Unlike government-issued currencies, Bitcoin operates independently of central banks or financial institutions. It can be bought on crypto exchanges like Binance.US, through stockbrokers like Fidelity and E-Trade, or via trading apps such as Robinhood.

Investors can hold Bitcoin in crypto wallets, which provide secure storage, or invest in Bitcoin-based exchange-traded funds (ETFs), a newer option approved by the U.S. Securities and Exchange Commission (SEC).

Why Is Bitcoin Gaining Traction?

Bitcoin’s meteoric rise is partly attributed to political developments. Former President Donald Trump’s pro-crypto stance, including the formation of his crypto firm World Liberty Financial, has boosted investor confidence.

Additionally, the SEC’s approval of Bitcoin ETFs has made cryptocurrency more accessible to traditional investors, bypassing the need for direct purchases on crypto exchanges.

Companies like Tesla (NASDAQ:TSLA), Microsoft (NASDAQ:MSFT), and AT&T (NYSE:T) also accept Bitcoin for payments, further solidifying its mainstream adoption.

Benefits of Bitcoin Investment

Scarcity and Demand:

Bitcoin’s finite supply of 21 million tokens ensures scarcity, driving its value as demand increases.

Decentralization:

Transactions occur without intermediaries, offering greater autonomy compared to traditional currencies.

Accessibility:

Fractional ownership and crypto ETFs have made Bitcoin more accessible to retail investors.

Global Acceptance:

Major corporations accepting Bitcoin payments bolster its use as a legitimate currency.

Risks of Bitcoin Investment

Volatility:

Bitcoin’s price can fluctuate dramatically, making it a high-risk investment. For example, it halved in value following the 2022 collapse of crypto exchange FTX before rebounding.

Regulatory Uncertainty:

The evolving regulatory landscape poses risks. The SEC and other agencies may impose stricter rules, affecting Bitcoin’s accessibility and value.

Security Concerns:

Crypto exchanges and wallets are susceptible to hacking. Robust security measures are essential for safeguarding assets.

No Guarantees:

While Bitcoin offers high growth potential, market manipulation and lack of regulatory protections can result in significant losses.

Should You Invest in Bitcoin?

Bitcoin appeals to investors seeking high-growth opportunities and willing to tolerate volatility. However, it’s crucial to adopt a cautious approach. Financial experts recommend investing only what you can afford to lose and diversifying your portfolio to mitigate risks.

Bitcoin’s accessibility through ETFs provides a safer entry point for beginners, as brokers manage security and regulatory compliance. Still, understanding the fundamentals of cryptocurrency is essential before investing.

Conclusion: Bitcoin Investment Basics for 2024

Bitcoin’s rise to nearly $100,000 underscores its growing significance in the financial world. From its decentralized nature to widespread adoption by major corporations, Bitcoin offers unique advantages. However, its volatility, regulatory uncertainty, and security risks demand careful consideration.

For those interested in Bitcoin investment, educating yourself on the basics, using reputable platforms, and diversifying your investments are key steps to success. As with any financial decision, weigh the risks and rewards to determine if Bitcoin aligns with your goals.

Featured Image: Freepik

Please See Disclaimer