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

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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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Bitcoin exchange-traded funds (ETFs) have hit a significant milestone, surpassing $100 billion in assets under management (AUM) within a year of their debut. As the price of bitcoin (BTC) soared past $100,000 following President-elect Donald Trump’s victory, the demand for bitcoin ETFs has skyrocketed. Crypto enthusiasts and analysts believe there’s still plenty of opportunity to capitalize on the ongoing rally.

Bitcoin ETFs Break Records

The rapid growth of bitcoin ETFs highlights their popularity among individual and institutional investors. According to Brian Hartigan, global head of ETFs and index investments at Invesco, these funds offer distinct advantages.

“It’s liquid, it’s regulated, and it provides a much-needed intermediary vehicle for institutional investors to access digital coins,” Hartigan said in an interview with CNBC’s ETF Edge.

The combination of accessibility, transparency, and regulatory oversight has made bitcoin ETFs an appealing choice for those looking to invest in the crypto space without directly holding bitcoin.

Trump’s Election: A Game Changer for Bitcoin

The recent U.S. presidential election has had a profound impact on the cryptocurrency market. Bitcoin prices have surged more than 10% in the past month, crossing the $100,000 mark for the first time. Nate Geraci, president of The ETF Store, attributes this rally to a shifting regulatory landscape fueled by President-elect Trump’s pro-crypto policies.

“The regulatory environment has turned much more positive,” Geraci noted. “Investors, especially advisors and institutions, now have greater confidence to enter the crypto arena.”

Trump’s appointments have further boosted optimism. Billionaire David Sacks, a vocal bitcoin advocate, has been tapped as the administration’s artificial intelligence and crypto czar. Additionally, Trump plans to nominate Paul Atkins as the next U.S. Securities and Exchange Commission (SEC) chair, a move expected to promote crypto-friendly regulations.

Why Bitcoin ETFs Are Thriving

The success of bitcoin ETFs is tied to several key factors:

Regulatory Clarity: Pro-crypto policies and clear regulatory frameworks have encouraged institutional participation.

Ease of Access: ETFs offer a simple way for investors to gain exposure to bitcoin without dealing with the complexities of wallets and exchanges.

Liquidity and Transparency: As a regulated vehicle, bitcoin ETFs provide liquidity and a transparent investment structure.

Hartigan believes the future is bright for the asset class. “We hope to see new ideas and opportunities emerge, whether it’s reserves, access points, or additional liquidity vehicles,” he said.

What’s Next for Bitcoin ETFs?

Analysts expect the proliferation of bitcoin ETFs to continue in 2025 and beyond. The increasing variety of products may cater to different investor needs, from spot-based ETFs to funds focusing on reserves or derivatives.

As demand grows, some predict that bitcoin ETFs could become a staple in diversified investment portfolios, much like traditional equity or bond ETFs.

Is It Too Late to Join the Bitcoin ETF Rally?

Despite their impressive growth, analysts suggest there’s still time to benefit from bitcoin ETFs. The regulatory tailwinds, coupled with increasing institutional adoption, indicate further potential for expansion.

Geraci remains optimistic: “The demand for crypto ETFs is not slowing down, and the opportunities for innovation in this space are immense.”

However, potential investors should remain cautious. Bitcoin prices are notoriously volatile, and the rapid growth of ETFs means that thorough research is essential before committing to these products.

Conclusion: A Transformative Moment for Bitcoin ETFs

The milestone of $100 billion in AUM marks a transformative moment for bitcoin ETFs. With a favorable regulatory environment, surging demand, and increasing institutional participation, the future of these funds looks promising.

For investors, the rally offers an opportunity to gain exposure to bitcoin through a regulated and accessible vehicle. As the crypto market evolves, bitcoin ETFs could play a central role in bridging traditional finance and the digital asset ecosystem.

Now is the time to consider whether bitcoin ETFs align with your investment strategy, as the window to join the rally remains open.

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The recent U.S. presidential election victory of Donald Trump has sent shockwaves through the cryptocurrency market. Bitcoin (BTC) has skyrocketed to over $100,000, marking a historic milestone for the digital asset. The surge comes amid speculation about Trump’s pro-crypto stance and the possibility of creating a strategic bitcoin reserve. Let’s explore what drove the bitcoin surge and what the future might hold.

Trump’s Pro-Crypto Policies Spark Bitcoin Rally

Donald Trump’s surprising embrace of cryptocurrency has been central to bitcoin’s unprecedented rise. Once a skeptic, calling bitcoin a “scam,” Trump shifted his stance during the campaign, accepting crypto donations and signaling bold plans to make the U.S. a global crypto leader.

At a bitcoin conference in November, Trump declared, “The United States will be the crypto capital of the planet and the bitcoin superpower of the world.” This statement, coupled with his pro-crypto appointments, has fueled market optimism.

Notably, Trump appointed billionaire David Sacks, a long-time bitcoin advocate and part of the PayPal Mafia, as his AI and crypto czar. Sacks has been a vocal proponent of cryptocurrency since 2013, describing bitcoin as “the internet of money.”

The Strategic Bitcoin Reserve: A Game Changer?

Central to Trump’s vision is the idea of a U.S. strategic bitcoin reserve. A bill proposed earlier this year by Republican Senator Cynthia Lummis aims to transfer all bitcoin held by federal agencies to the Treasury and allow the government to purchase up to one million bitcoins over five years.

Analysts argue that such a move would cement the U.S. as a cryptocurrency powerhouse. Crypto enthusiasts believe the reserve would trigger a massive bitcoin rally, with predictions of prices soaring to between $250,000 and $500,000 per coin.

Ronnie Moas, founder of Standpoint Research, notes, “The moment a bitcoin reserve is announced, the price will spike overnight by between 25 and 50 per cent.”

Supporters vs. Critics of the Bitcoin Reserve

While supporters hail the reserve as a visionary move, critics like former Treasury Secretary Larry Summers dismiss it as “crazy.” Summers argues that unlike traditional reserves of oil or gold, bitcoin remains an unproven and volatile financial asset.

However, proponents counter that bitcoin’s scarcity and decentralized nature make it a strong hedge against inflation and geopolitical instability. With Trump’s administration likely to streamline crypto regulations, the reserve could accelerate bitcoin’s integration into the global financial system.

What’s Driving Bitcoin’s $100K Milestone?

Several factors have contributed to bitcoin’s meteoric rise:

Institutional Support: Trump’s pro-crypto policies have attracted institutional investors, driving demand and pushing prices higher.

Limited Supply: Bitcoin’s capped supply of 21 million coins ensures scarcity, a key factor in its value surge.

Global Adoption: Nations and corporations increasingly view bitcoin as a digital asset for payments and reserves.

Will Bitcoin’s Rally Continue?

The outlook for bitcoin remains bullish, but volatility is a concern. Bitcoin’s 14-day Relative Strength Index (RSI) indicates overbought conditions, suggesting a potential pullback in the short term.

Nonetheless, long-term growth seems likely as pro-crypto policies and global adoption continue. With Trump’s administration signaling a clear regulatory framework, innovation in the U.S. crypto industry may accelerate.

The Future of Bitcoin Under Trump

Bitcoin’s surge to $100K highlights the transformative potential of cryptocurrency in the financial world. Trump’s pivot to crypto, coupled with the strategic bitcoin reserve proposal, has reshaped market dynamics and investor sentiment.

While critics remain skeptical, supporters see a future where bitcoin becomes a cornerstone of the U.S. financial system. For investors, the key question is not whether bitcoin will continue to grow, but how fast.

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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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SOURCE BC.GAME

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