Author: CryptoCurrencyNews

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.

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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. 

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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.

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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 Bitcoin– Bitcoin, 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.

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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.

Contacts

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/

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SOURCE Technavio

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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.

#Bybit / #TheCryptoArk

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

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SOURCE Bybit

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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.

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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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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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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