Dubai, United Arab Emirates, December 20th, 2024, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is raising the stakes for newcomers to crypto trading in a new campaign with generous rewards . Available to select customers only, the exclusive event gives first-time depositors the chance to earn from anywhere from 5 USDT all the way up to 0.1 BTC via select payment gateways. For a limited time, users may officially kick off their crypto journey via Bybit One-Click Buy by making a first deposit to unlock exclusive rewards. After registering for the event and making an eligible deposit of at least $100, participants will receive a lucky draw ticket. Each ticket will guarantee a 100% winning chance, with USDT prizes from 5 USDT up to 500 USDT, plus the most coveted prize of 0.1 BTC. Event Details: Event Period : From now to Jan. 16, 2025, 10:00 AM UTC Rewards : A chance to win up to 0.1 BTC Qualified Payment Methods : By card via Visa, Mastercard, Google Pay, or Apple Pay The race starts now as the rewards are distributed on a first-come, first serve basis. Terms and conditions apply. “The appeal of the crypto economy is undeniable, especially with the ongoing market rally,” said Joan Han, Sales and Marketing Director at Bybit. “It’s crucial to start off strong when building wealth, and taking that first step doesn’t have to be a chore. We hope this giveaway provides the boost many of our users need to begin a rewarding experience at Bybit.” Bybit’s One-Click Buy feature is part of the platform’s ongoing effort to simplify crypto trading and increase access to the digital assets space for retail users. Connecting users to potential opportunities in the emerging digital economy, Bybit continues to elevate the crypto trading experience and redefine accessibility, helping individuals seamlessly integrate cryptos into their daily lives and portfolios. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Users can discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Contact Head of PR Tony Au Bybit tony.au@bybit.com
Dubai, United Arab Emirates, December 20th, 2024, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is raising the stakes for newcomers to crypto trading in a new campaign with generous rewards . Available to select customers only, the exclusive event gives first-time depositors the chance to earn from anywhere from 5 USDT all the way up to 0.1 BTC via select payment gateways. For a limited time, users may officially kick off their crypto journey via Bybit One-Click Buy by making a first deposit to unlock exclusive rewards. After registering for the event and making an eligible deposit of at least $100, participants will receive a lucky draw ticket. Each ticket will guarantee a 100% winning chance, with USDT prizes from 5 USDT up to 500 USDT, plus the most coveted prize of 0.1 BTC. Event Details: Event Period: From now to Jan. 16, 2025, 10:00 AM UTC Rewards: A chance to win up to 0.1 BTC Qualified Payment Methods: By card via Visa, Mastercard, Google Pay, or Apple Pay The race starts now as the rewards are distributed on a first-come, first serve basis. Terms and conditions apply. “The appeal of the crypto economy is undeniable, especially with the ongoing market rally,” said Joan Han, Sales and Marketing Director at Bybit. “It’s crucial to start off strong when building wealth, and taking that first step doesn’t have to be a chore. We hope this giveaway provides the boost many of our users need to begin a rewarding experience at Bybit.” Bybit’s One-Click Buy feature is part of the platform’s ongoing effort to simplify crypto trading and increase access to the digital assets space for retail users. Connecting users to potential opportunities in the emerging digital economy, Bybit continues to elevate the crypto trading experience and redefine accessibility, helping individuals seamlessly integrate cryptos into their daily lives and portfolios. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Users can discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit's Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube ContactHead of PRTony AuBybittony.au@bybit.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
$550 Million in Positions Liquidated in 4 Hours as Bitcoin Drops 5% ————— 💰Coin: Bitcoin ( $BTC ) $92,969.80 ————— NFA.
The recent price action in the cryptocurrency market – both the November and the early December rally and the latest downturn – caused some anxiety among investors about whether it is too late to enter a Bitcoin ( BTC ) position. Robert Kiyosaki , a prominent investor and the author of the best-selling personal finance book ‘ Rich Dad Poor Dad,’ took the opportunity to alleviate these fears in a pointed X post. Specifically, in a mock conversation, Kiyosaki, in no uncertain terms, opined that it is never ‘too late’ to invest in BTC as the coin ‘is designed to make everyone rich.’ He highlighted in the tweet that this fact applies to ‘those who start late’ as much as to the early investors. Finally, the author concluded his message with a simple warning that, despite the exceptionally bullish tone of his post, investors shouldn’t ‘get greedy.’ Q: IS IT TOO LATE to start buying BITCOIN? A: NO. The beauty of Bitcoins design is it is never too late to start….regardless of how high Bitcoins price goes. Bitcoin is designed to make everyone rich…. even those who start late. Just don’t get greedy. — Robert Kiyosaki (@theRealKiyosaki) December 19, 2024 Is following Kiyosaki’s advice a savvy move for investors? Looking at the performance of Robert Kiyosaki’s favored investors – chiefly Bitcoin, gold , and silver – his message appears to ring true. Traders who listened to his advice and invested in the cryptocurrency or the commodities would have enjoyed stellar gains in 2024. This fact holds particularly true for BTC, as essentially everyone who purchased the coin before mid-November would be significantly in the green, even once the current downtrend is accounted for. BTC 6-month price chart. Source: Finbold Zooming out, however, reveals that Kiyosaki’s advice doesn’t necessarily hold true in myriad ways. To begin with, investors who purchased Bitcoin on his recommendation near the 2021 highs and didn’t have the financial security to outlast the ‘crypto winter’ would have been devastated. Additionally, there is a general sense that the author’s advice is primarily aimed at those with exceptional financial resilience – a resilience that can justify a grand risk appetite – as he is also known for describing recessions – famously periods when most people don’t have much disposable income – as the very best buying opportunities. Indeed, this grand risk appetite is seen in his own approach as Kiyosaki indicated much of his portfolio – despite its successes in 2024 – is fueled by debt and that he is himself more than $1 billion in debt . Finally, the earnestness of the author’s advice can be called into question as, earlier in December, he called on people to sell their homes and buy Bitcoin while he himself claims to own thousands of houses . Can investing in Bitcoin this December truly make everyone rich? As for the accuracy of Kiysoaki’s most recent advice, only time will tell whether following it would lead to profit. On the one hand, the current downtrend in the cryptocurrency market does not negate the overall bull case – Wall Street legend Tom Lee estimates Bitcoin will hit $250,000 in 2025, and the author recently revised his price target for BTC to $350,000 . On the other, the deep plunge digital assets are experiencing in the wake of the Federal Reserve’s latest announcement – a plunge that is, at press time on December 20, proving stickier than for stocks or commodities – equally calls into question the stability of the cryptocurrency bull market and the wisdom of using these assets as a hedge against financial instability. It is worth pointing out that a common thread for Kiyosaki’s advice is that Bitcoin, gold, and silver can save investors from the massive and imminent crash he frequently predicts. Disclaimer : The featured image in this article is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted. The post ‘Rich Dad’ R. Kiyosaki reveals ‘it’s not too late to buy Bitcoin’ appeared first on Finbold .
Trump Fires Powell could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump Fires Powell (TRUMPPOW), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days. This is because TRUMPPOW is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump Fires Powell can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump Fires Powell could become the next viral memecoin. Trump Fires Powell launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump Fires Powell on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Fires Powell by entering its contract address – FWmVybuoRxJ79ZDHJ3Y8efeYsHsKL4qMNwJP8rCDsfmB – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPPOW. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Polygon launched the AggLayer v0.2 testnet to improve blockchain interactions. Binance.US supports the transition from MATIC to POL, impacting market dynamics. Continue Reading: Polygon Launches AggLayer v0.2 Testnet to Enhance Blockchain Interactions The post Polygon Launches AggLayer v0.2 Testnet to Enhance Blockchain Interactions appeared first on COINTURK NEWS .
One of the most widely watched meme token traders, sbfonchain.sol, is back to buying. This time, the risk-taking wallet holder accumulated FARTCOIN, the hottest meme created by an AI agent. The wallet of sbfonchain.sol now contains FARTCOIN, a trending crossover between memes and AI agents. The asset, created based on the ideas of an AI model, has acquired cult status in the past month, reaching a series of all-time highs. The sbfonchain.sol wallet spent 19,103 SOL, averaging into FARTCOIN in the past 24 hours. The accumulation was at an average price of $1.17, for a total of 3.25M FARTCOIN. After the purchase, the token remained inactive for a few hours. The purchase is relatively small in comparison to previous bigger whale inflows. As of December 19, one whale purchased $43.77M of FARTCOIN, just before the token’s all-time high. The sbfonchain.sol wallet is known for risky trades The wallet of sbfonchain.sol has become active for the first time since November 27, taking positions in high-profile memes. In the interim, the wallet buys and flips more obscure meme tokens. For some of the trades, the wallet bought in near the top. In September, sbfonchain.sol also traded Moodeng (MOODENG) while the asset was trending. After that, the wallet holder flipped Chillguy (CHILLGUY), later divesting all holdings. The buyer’s approach is to roll into hot tokens with large sums, then take profit or cut losses quickly within hours. Previously, the wallet had spent $1.44M on FARTCOIN, flipping the asset soon after that. The latest purchase of FARTCOIN had a similar timeline, as the wallet rolled over all funds into the meme. The purchase was made right after the token dipped from recent highs of $1.27 down to $0.94 . The wallet’s holdings are relatively minor, outside the list of top 150 addresses, but the public profile is drawing more attention to the asset and to the opportunity of buying the dip. Soon after the purchase, the wallet experienced a loss, as the holdings sank from $3.2M to $3.097M in valuation. Overall, the wallet’s performance in the past month has been somewhat underwhelming, as previous flips on DogWifHat (WIF) incurred losses. The previous losses, however, did not seem to faze the wallet owner, as the risky trades continued. The wallet is also not careful with divesting the holdings, as in the case of crashing the MANYU token by directly liquidating all reserves. The wallet was first noted for moving between meme tokens in May. It also gained attention because of its vanity name. There is so far no evidence proposed that the wallet belongs to Sam Bankman-Fried, the founder of the defunct FTX exchange. Whale buyer enters the market as FARTCOIN expands to new trading hubs FARTCOIN started out as an unserious asset, similar to GOAT and other AI-generated memes. As the asset grew its owner base, exchanges started to pay attention. The meme is held in more than 51K wallets. At first sight, FARTCOIN has a relatively wide distribution, although some of the wallets may be connected and control a larger portion of the supply. The token was also one of the largest holdings in the Truth Terminal wallet. Later, FARTCOIN became a community-owned token, with no known cabal or group of buyers. The wide community put FARTCOIN at the top of all Solana projects based on the number of unique addresses and wallets. The recent purchase by sbfonchain.sol came a day after FARTCOIN was listed on KuCoin. The token was added to the dy/dx futures market a week ago. OKX started trading FARTCOIN on its perpetual futures market starting at 4 AM UTC on December 20. The token will gain a futures market along with AI16Z. FARTCOIN has the advantage of turning into a cult meme, while also riding the AI agent narrative. Both categories are the consensus choices for creating FOMO among buyers, tapping into the demand for irrational memes and social media cults. While the overall meme market slowed down, FARTCOIN used the moment to extend its rally and gain more attention. Recently, the token broke above the $1B market cap barrier, surpassing GOAT and almost competing with the AI16Z token. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
The post Japan Crypto Tax Overhaul: Major Changes on the Horizon? appeared first on Coinpedia Fintech News Japanese investors pay taxes of as much as 55% on crypto profits. Japanese policymakers have finally realised the impact that the flawed crypto tax framework has created on the economy. The Liberal Democratic Party, the ruling party of Japan, is preparing a crypto tax reform outline to check the outflow of capital from the country due to the unfriendly tax framework. Here is what you should know about the development. LDP Pushes for Crypto Tax Reform The ruling party is expected to present the reform outline by the end of 2024. Many believe that Japan would bring in considerable changes to its crypto taxation framework in 2025. It seems that the change in the political situation in the US post pro-crypto candidate Donald Trump’s victory has inspired the country to address the demand for the reformation of the crypto tax framework. LDP’s outline aims to make Japan’s crypto tax system competitive and prevent capital flight. Recently, Takuya Hirai, the Minister of Digital Affairs of Japan, stressed the importance of developing a strong crypto tax and regulation framework before the inauguration of Donald Trump in late January 2025. High Tax Burden on Japanese Crypto Traders As said earlier, many crypto investors in Japan pay taxes of up to 55% on profits. Notably, most countries, even those that are less progressive than Japan, have flat capital gains tax rates of 20%. Many argue that Japan’s conservative crypto tax system is driving capital out of the country. LDP’s Web3 and Crypto Policies It was during the tenure of Fumio Kishida that the LDP commenced its efforts to reform the crypto taxation framework in the country. The regime of Kishida was highly supportive of establishing a conducive environment for the growth of Web3. The Headquarters for the Promotion of a Digital Society of the party has played a crucial role. It has collaborated with the Financial Research Council to create the outline proposal. Voices for Crypto Reform: LDP and Opposition Reports indicate that the ruling and opposition parties unanimously agree that there is an urgent need for a crypto tax reform in Japan. Most lawmakers acknowledge that the unsupportive tax system has stifled the growth of the Japanese crypto industry. There is a high possibility that the reform proposal will receive the unanimous support of Japanese lawmakers. However, recent statements from Japanese Prime Minister Shigeru Ishiba, who presented himself as a pro-crypto candidate during the campaign, suggest that he prefers to take a cautious approach at this stage to the matter of tax reform.
Rexas Finance emerges as a promising altcoin contender, with 400% presale growth and a unique approach to real-world asset tokenization poised to rival Solana’s meteoric rise. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rexas Finance emerges as a promising altcoin contender, with 400% presale growth and a unique approach to real-world asset tokenization poised to rival Solana’s meteoric rise. Table of Contents Rexas Finance: The tokenization revolution A presale success that mirrors Solana’s growth Why investors are eyeing RXS as the next big altcoin Conclusion Investors looking for the next big project are considering investing in altcoins, which can repeat history and grow like Solana’s (SOL) growth in 2021. With a current SOL price of $234.0877, it has cemented its dominance as one of the top blockchain platforms. However, an alternative option, RXS, with a cost of $0.15, is starting to gain traction, and several industry professionals believe it will grow similarly to Solana. The Rexas Finance (RXS) project surges are more likely to happen due to its unique take on real-world asset tokenization and the success achieved with the token’s presale. The price of $0.030 in September 2024 has already skyrocketed to $0.150, an increase of 400%, and is still expected to climb further. Aiming for real-life use cases, along with great tokenomics and advanced tech, Rexas Finance has the potential to perform well in the next altcoin season. Rexas Finance: The tokenization revolution Rexas Finance prioritizes tokenizing real-world assets (RWAs) like real estate, commodities, and fine art, offering investors efficient and transparent access to typically hard-to-reach markets. By tokenizing assets, Rexas believes there will be more room to design investment strategies that target these usually hard-to-access markets in a better, more efficient, and transparent way. Through the Rexas Estate platform, Rexas enables users to tokenize real estate properties, which then allows these properties to be bought and sold more efficiently, thereby increasing the chances of fractional ownership. The essential distinction between Solana and Rexas Finance, on the one hand, and Rexas Finance, on the other, lies in the Solana ethos. Solana changed the face of the blockchain world by providing extraordinary speeds in transactions and scalability. On the other hand, the aim of Rexas Finance is entirely different: it is intended to bring a radical change in the everyday asset markets. Enabling RWAs to be tokenized can create innumerable growth opportunities, looking at the world’s demands for diversification into blockchain assets. This blend of the real estate markets with blockchain technology and the decentralization and transparency that comes with it are key competitive advantages of Rexas Finance. You might also like: Rexas Finance price forecast: where could RXS be in the next 12 months A presale success that mirrors Solana’s growth The presale performance of Rexas Finance has also drawn parallels to Solana ‘s early days. With a remarkable boost in price, it moved from a $0.030 price tag to $0.150 within a few months, and it has managed to raise more than $28.7 million in the presale. This sudden rise in demand has stirred expectations around the project as it moves toward its presale’s final stages. Similar to the presale of Solana in 2021, it seems Rexas Finance is poised to become the next biggest crypto project. Rexas Finance’s presale has done exceptionally well, and other than the superb price margin growth, it has also been aided by an excellent tokenomics strategy. 42.5% of the entire supply of Rexas finance has been saved for a presale, allowing new investors to buy coins off the market at a considerably low price before they are listed on major exchanges. The exchange listing price is predicted to be around $0.20, allowing early investors to receive a favorable 2x return upon the coins being released in major exchanges. Based on how Rexas Finance is currently proceeding, there is a chance that it may mimic Solana’s rapid growth during 2021. Why investors are eyeing RXS as the next big altcoin The roadmap for Rexas Finance makes the project so distinctive from other altcoins. Rexas Finance also includes cutting-edge technology such as the Rexas Token Builder, QuickMint Bot, and Rexas GenAI, besides their goal to tokenize real-world assets. These platforms give users the power to generate personalized tokens, mint NFTs, and use AI to make blockchain interactions easier and more interesting. Rexas Finance’s ecosystem expansion is directed towards appealing to a considerable market, ranging from DeFi users to real estate and NFT markets. Moreover, the project is also equipped with smart contracts that have passed a CertiK audit and thus provide further confidence in investing in Rexas Finance in hopes of significant profits during the upcoming altcoin season. There are high expectations for RXS to develop along a trajectory similar to that of Solana in 2021, as the token’s success in the presale must largely be attributed to its newfound growth. Once more investors comprehend the full breadth of the project and its potential, there could be significant demand for RXS tokens akin to what happened in Solana’s surging prices in a matter of days. Conclusion Following its unique strategy of tokenizing real-world assets and a presale that resembles Solana’s early stages, Rexas Finance is one of the leading altcoin projects to watch in the forthcoming altcoin season. To learn more about RXS, visit the official website , read the whitepaper , and join the community on X and Telegram . Win $1 million giveaway: https://bit.ly/Rexas1M . Read more: Solana nears breakdown with short build-up; Rexas Finance hits presale ATH Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.