The Income Tax Appellate Tribunal (ITAT) in Jodhpur in a recent ruling has classified cryptocurrencies as capital assets…
Dubai, United Arab Emirates, December 18th, 2024, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the launch of its Private Wealth Management (PWM) service , tailored to meet the unique needs of high-net-worth individuals and institutional clients. This customized offering reflects Bybit’s commitment to delivering premium financial solutions that empower clients in an increasingly sophisticated market environment with the surging importance of digital assets. As global markets become more complex, there is a growing demand for premium wealth management services, particularly in areas such as risk management and asset allocation. Additionally, digital assets have emerged as one of the key asset classes for high-net-worth individuals and institutional investors, offering unprecedented opportunities for growth and diversification. Bybit’s PWM service is designed to address these needs with precision and innovation: Tailored Portfolio Management: Customized investment strategies aligned with individual financial objectives. Exclusive Investment Opportunities: Access to premium, high-return assets designed specifically for high-net-worth clients. Bespoke Asset Allocation Strategies: Solutions to optimize returns while mitigating risks. Uncompromising Asset Security: Industry-leading measures, including third-party custody, ensuring 100% security of digital assets. Leading Market Insights: Timely updates on emerging trends in the crypto market, enabling clients to stay ahead of the curve. “At Bybit, we understand that every client’s financial journey is unique. Through our new Private Wealth Management service, we aim to provide customized, innovative solutions that not only help them grow their digital assets but also provide professional services in risk management and asset allocation,” said Jerry Li, Head of Financial Products & Wealth Management at Bybit. With the growing significance of digital assets in diversified portfolios, Bybit’s PWM service offers high-net-worth clients a secure, seamless gateway to exclusive opportunities in this dynamic space. This new service reflects Bybit’s steadfast commitment to being a trusted partner in the cryptocurrency and digital asset markets, helping clients achieve their financial goals with confidence and clarity. #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 Contact Head of PR Tony Au Bybit tony.au@bybit.com
Dubai, United Arab Emirates, December 18th, 2024, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the launch of its Private Wealth Management (PWM) service , tailored to meet the unique needs of high-net-worth individuals and institutional clients. This customized offering reflects Bybit’s commitment to delivering premium financial solutions that empower clients in an increasingly sophisticated market environment with the surging importance of digital assets. As global markets become more complex, there is a growing demand for premium wealth management services, particularly in areas such as risk management and asset allocation. Additionally, digital assets have emerged as one of the key asset classes for high-net-worth individuals and institutional investors, offering unprecedented opportunities for growth and diversification. Bybit’s PWM service is designed to address these needs with precision and innovation: Tailored Portfolio Management: Customized investment strategies aligned with individual financial objectives. Exclusive Investment Opportunities: Access to premium, high-return assets designed specifically for high-net-worth clients. Bespoke Asset Allocation Strategies: Solutions to optimize returns while mitigating risks. Uncompromising Asset Security: Industry-leading measures, including third-party custody, ensuring 100% security of digital assets. Leading Market Insights: Timely updates on emerging trends in the crypto market, enabling clients to stay ahead of the curve. “At Bybit, we understand that every client’s financial journey is unique. Through our new Private Wealth Management service, we aim to provide customized, innovative solutions that not only help them grow their digital assets but also provide professional services in risk management and asset allocation,” said Jerry Li, Head of Financial Products & Wealth Management at Bybit. With the growing significance of digital assets in diversified portfolios, Bybit’s PWM service offers high-net-worth clients a secure, seamless gateway to exclusive opportunities in this dynamic space. This new service reflects Bybit’s steadfast commitment to being a trusted partner in the cryptocurrency and digital asset markets, helping clients achieve their financial goals with confidence and clarity. #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 Contact Head of PR Tony Au Bybit tony.au@bybit.com
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ethereum nears $5,000, the spotlight shifts to Catzilla, a meme coin with 12,000% growth potential and bold presale gains. Table of Contents Catzilla unleashed Ethereum aims to breakout Conclusion As Ethereum approaches the $5,000 mark, all eyes are on its upward momentum, but the spotlight is quickly shifting to a surprising new player in the meme coin market. Catzilla, a fresh and ambitious contender, is generating excitement with its audacious 12,000% growth potential. In a market where innovation meets speculation, this feline-themed token might just redefine what investors expect from meme coins. Catzilla unleashed Amid a crypto landscape crowded with contenders, Catzilla emerges as the ultimate warrior of the meme coin arena. This feral feline doesn’t just promise financial freedom, it’s tearing through old norms, bringing bold opportunities for daring investors. Catzilla isn’t just a coin; it’s a journey. With 14 explosive presale stages, holders can leap from Stage 1 to Stage 14, reaping gains of up to 700% before CATZILLA even hits the public market. Each stage is a step closer to unleashing this beast’s true potential, as its value grows stronger with every move. But time is ticking. Only the boldest warriors can seize this moment before Catzilla claws its way past the competition. For years, dog-themed coins dominated the meme coin arena. But now, the claws are out, and cats are claiming the throne. Just look at the cat coins carving their path to glory: MEW: Leapt into the top 15 meme coins with a 103.7% gain in three months. Popcat: Made investors purr with an astonishing 157.44% surge. These aren’t anomalies; they’re proof that the meme coin kingdom is shifting. If MEW and Popcat set the stage, Catzilla is ready to steal the show. Forget fetching headlines, it’s time to invest where the real action is. Catzilla is more than a coin; it’s a movement to shatter outdated systems and empower the crypto warriors who dare to dream big. With each presale stage, its unstoppable momentum builds, paving the way for a new era of financial chaos. But beware, the clock is ticking. The Catzilla presale won’t last forever, and only the brave will rise to claim their spot in history. Interested investor can join Catzilla now . You might also like: Catzilla coin: Traders draw parallels to PNUT’s recent success Ethereum aims to breakout Ethereum is showing signs of a potential breakout as it trades between $3648 and $4137. With a recent 1-week price increase of 5.67% and a 1-month surge of 25.20%, momentum is building. The nearest resistance level at $4318 could be tested soon. If Ethereum surpasses this, it might target the second resistance at $4807, representing significant upside potential. The RSI at 41.10 suggests room for growth before reaching overbought levels. With the altcoin season approaching and a global crypto bull run on the horizon, Ethereum could be primed for substantial gains. Conclusion While Ethereum’s climb toward $5k highlights its resilience, it’s the meteoric potential of Catzilla that truly captures the imagination. Offering up to 700% ROI during its presale and backed by features like governance rewards and staking, Catzilla is more than just a meme coin, it’s a call to action for investors seeking a bold alternative. By joining the CATZILLA movement, crypto enthusiasts can take part in a thrilling project poised to disrupt the market and deliver life-changing opportunities. For more information on Catzilla, visit their website , Twitter , Telegram Chat , or Telegram News . Read more: Major accumulations of AVAX, XRP, and CATZILLA signal a potential 150x breakout 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.
As Ethereum nears $5,000, the spotlight shifts to Catzilla, a meme coin with 12,000% growth potential and bold presale gains. #partnercontent
Advocates hail it as a financial innovation, while critics point to volatility concerns. This bold move could redefine crypto’s role in state treasuries.
Dubai, United Arab Emirates, December 18th, 2024, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the launch of its Private Wealth Management (PWM) service , tailored to meet the unique needs of high-net-worth individuals and institutional clients. This customized offering reflects Bybit's commitment to delivering premium financial solutions that empower clients in an increasingly sophisticated market environment with the surging importance of digital assets. As global markets become more complex, there is a growing demand for premium wealth management services, particularly in areas such as risk management and asset allocation. Additionally, digital assets have emerged as one of the key asset classes for high-net-worth individuals and institutional investors, offering unprecedented opportunities for growth and diversification. Bybit’s PWM service is designed to address these needs with precision and innovation: Tailored Portfolio Management: Customized investment strategies aligned with individual financial objectives. Exclusive Investment Opportunities: Access to premium, high-return assets designed specifically for high-net-worth clients. Bespoke Asset Allocation Strategies: Solutions to optimize returns while mitigating risks. Uncompromising Asset Security: Industry-leading measures, including third-party custody, ensuring 100% security of digital assets. Leading Market Insights: Timely updates on emerging trends in the crypto market, enabling clients to stay ahead of the curve. “At Bybit, we understand that every client’s financial journey is unique. Through our new Private Wealth Management service, we aim to provide customized, innovative solutions that not only help them grow their digital assets but also provide professional services in risk management and asset allocation," said Jerry Li, Head of Financial Products & Wealth Management at Bybit. With the growing significance of digital assets in diversified portfolios, Bybit’s PWM service offers high-net-worth clients a secure, seamless gateway to exclusive opportunities in this dynamic space. This new service reflects Bybit’s steadfast commitment to being a trusted partner in the cryptocurrency and digital asset markets, helping clients achieve their financial goals with confidence and clarity. #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 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.
Since it reignited the bull run in earnest in early November, Bitcoin ( BTC ) has rallied 56.52% to recent highs above $108,000, and, even when the latest drop to the press time price of $105,644, the cryptocurrency remains 52.17% in the green within the time frame. BTC 6-month price chart. Source: Finbold The relatively continuous strength of BTC and the fact that the market has been rising for approximately 12 months by press time on December 18 have led many to question if the upsurge will persist or if the next ‘crypto winter’ is around the corner. One way investors and analysts have been trying to gauge when Bitcoin will peak in this cycle has been by examining the historical charts and, based on a December 18 X post, the prominent on-chain expert Ali Martinez may have identified where BTC will top. Here’s how high Bitcoin will go in this cycle Having superimposed the gains of previous bull markets – the 2017 and 2020 ones, to be precise – Martinez concluded that Bitcoin will be free of noteworthy pullbacks until it hits $110,000. Such an estimate appears plausible as, earlier this week, BTC broke the recent trend of experiencing a Monday drop after a Sunday rally. Furthermore, investors appear to have gotten used to MicroStrategy (NASDAQ: MSTR )-induced shocks as the latest news of a massive purchase did little to drive Bitcoin lower, unlike, for example , on November 24 and November 25. Still, Martinez foresees two major correction zones in the relatively near future. Specifically, the cryptocurrency analyst forecasted that a significant pullback would occur after $125,000 was reached and that hitting $150,000 would generate an even greater downturn before the rally could continue. Finally, the on-chain expert concluded that whether the current cycle mimics the 2017 or 2020 bull market , Bitcoin will not go higher than $220,000 before the next crypto winter. Where BTC will top in the current cycle based on historical patterns. Source: Ali Martinez Why $220,000 might not be a realistic Bitcoin price target Interestingly, such historical pattern analysis runs contrary to multiple experts and prominent investors. Indeed, the author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki , as well as the legendary Wall Street analyst Tom Lee, both forecasted BTC would hit $250,000 before 2025 is over. Simultaneously, cryptocurrency lobbyist Perianne Boring went even further with a prediction Bitcoin would climb to at least $800,000 next year. Elsewhere, all three targets may prove overly ambitious as, despite the undeniable upward momentum, the world’s premier cryptocurrency is already up some 150% in the last 12 months, and, despite historical rallies being even greater, cycle gains have been diminishing as BTC price increased. The post Crypto expert reveals final Bitcoin high of this bull market appeared first on Finbold .
Global businesses are increasingly turning to stablecoins to streamline payments and improve financial infrastructure. London-based stablecoin provider BVNK secured $50 million in a Series B funding round to expand operations into the US, while payroll platform Remote introduced USD Coin (USDC) payments for contractors in 69 countries. Global Payroll Provider Remote Introduces USD Coin Payments for Contractors in 69 Countries Remote, a leading global payroll provider, announced a groundbreaking partnership with payment giant Stripe. This collaboration enables US-based companies using Remote's platform to pay their contractors in USD Coin (USDC) across 69 countries. The new offering, powered by the Coinbase-developed Base blockchain, aims to simplify and enhance cross-border payments, catering to the evolving needs of a post-pandemic workforce. Remote’s announcement brings attention to the increasing demand for seamless, fast, and reliable contractor payment solutions. According to the company, the integration of stablecoin payments enhances its suite of automation features, which include contractor onboarding, invoicing, and payroll processing. “Stablecoin payments complement Remote’s powerful automation features for onboarding, invoicing, and paying contractors,” the company noted in its statement. This development aligns with the shifting global hiring models, which have accelerated since the COVID-19 pandemic prompted a surge in remote work and cross-border hiring. By adopting USDC —a dollar-pegged stablecoin—Remote ensures that contractors have a reliable means of storing value in US currency. This is particularly beneficial in regions where economic instability or inflation erodes the value of local currencies. Remote contractors will now have the option to receive payments directly in USDC through wallet addresses on Base , Coinbase’s layer-2 network launched in August 2023. Employer companies will continue to fund these transactions in US dollars, ensuring compliance with regulatory frameworks and maintaining operational simplicity. Job van der Voort, Remote’s co-founder and CEO, highlighted the customer-driven nature of this innovation. “We’re adding a feature that has been highly requested by our customers, enabling them to pay contractors how they prefer, while maintaining the compliance and simplicity Remote is known for.” The integration of USDC payments introduces several advantages for contractors and employers alike: Hedge Against Inflation: In many countries, where local currencies face devaluation, receiving payments in USDC provides contractors with a stable store of value pegged to the US dollar. Rapid Settlement: Stripe’s USDC infrastructure facilitates near-instant settlements, eliminating the delays associated with traditional bank transfers and foreign exchange conversions. Global Reach: Unlike conventional payment systems, USDC on the Base network provides a truly borderless solution, enabling faster and more efficient transactions across different jurisdictions. Stripe’s role in this initiative marks its continued resurgence in the cryptocurrency space. Once a pioneer in crypto payments, Stripe introduced Bitcoin payment services in 2014 but discontinued them in 2018, citing volatility and inefficiencies. However, 2024 marked a pivotal year for Stripe, as it re-entered the crypto ecosystem, launching USDC payment services over the summer and establishing a partnership with Coinbase to support USDC transactions on the Base network. Stripe’s return to crypto comes as businesses increasingly demand innovative financial solutions that leverage blockchain technology. The agreement with Coinbase in June 2024 to facilitate USDC payments on Base was a critical step, and Stripe formally initiated its USDC payment service in October. Simplifying Global Payroll Compliance Remote and Stripe’s partnership addresses not only payment speed and stability but also compliance. Remote conducts robust Know Your Customer (KYC) verification during contractor onboarding, and Stripe follows suit with its own KYC processes. These measures ensure that payments remain compliant with local and international regulations, offering peace of mind to both employers and contractors. The integration of USDC payments is part of a broader trend of cryptocurrency adoption in global payroll systems. As remote work continues to reshape traditional employment models, solutions like those offered by Remote and Stripe are helping companies overcome the logistical and financial challenges of managing an international workforce. For contractors, the ability to receive payments in USDC represents a significant step toward financial autonomy and resilience. For employers, this innovation provides an efficient, secure, and scalable way to manage payments across borders without the complexities of traditional banking systems. BVNK Secures $50 Million Series B Funding to Drive US Expansion London-based stablecoin infrastructure company BVNK has successfully closed a $50 million Series B funding round, signaling its ambitious plans to penetrate the US market. Led by Haun Ventures, the funding round saw participation from prominent investors, including Coinbase Ventures, Scribble Ventures, DRW VC, and existing backers Avenir and Tiger Global. The fresh capital injection brings BVNK's valuation to an impressive $750 million. The funding will facilitate BVNK’s entry into the United States, with plans to establish offices in San Francisco and New York City. These hubs will focus on developing local banking infrastructure and securing operational licenses to cater to American companies. “Stablecoins represent the most significant infrastructure upgrade to global payments in decades. [...] This is the kind of innovation that defines the future of finance,” said Diogo Mónica, General Partner at Haun Ventures, highlighting the transformative potential of stablecoins in financial services. The United States is poised to be the largest market for stablecoins, with legislative clarity anticipated to further validate their role in the global financial system. BVNK’s move comes at a time when the US stablecoin sector is witnessing significant momentum, buoyed by regulatory advancements and a growing focus on decentralized finance (DeFi) applications. This latest funding round builds on BVNK’s prior successes, including a $43.2 million funding round led by Tiger Global in 2022, which valued the company at $327 million. In just two years, BVNK has more than doubled its valuation, driven by robust growth metrics. The company claims to have processed over $10 billion in annual payment volumes, achieving 200% year-on-year growth. BVNK offers white-label infrastructure, enabling businesses to manage stablecoin payments internally. It boasts partnerships with global stablecoin giants such as PayPal, Circle , and First Digital, solidifying its position as a key player in the sector. As BVNK enters the US, it will face competition from established stablecoin infrastructure providers such as Paxos, Circle, and Ripple. However, its strong track record and innovative offerings could give it a competitive edge. BVNK’s co-founders—Jesse Hemson-Struthers, Donald Jackson, and Chris Harmse—bring a wealth of experience from the financial services industry, positioning the company as a formidable challenger in the space. The stablecoin industry is on a steep growth trajectory, with the total market capitalization currently at $203 billion, according to DeFiLlama. Experts predict the sector could surpass $1 trillion by 2035, driven by increasing adoption for cross-border remittances and DeFi liquidity solutions. The entry of more companies into the stablecoin ecosystem is indicative of the sector's potential. Ripple recently launched its regulated stablecoin, RLUSD, after receiving approval from the New York Department of Financial Services (NYDFS), further demonstrating the market’s maturity. Stablecoins: Transforming Global Payments BVNK’s expansion comes at a time when stablecoins are being recognized as a game-changing innovation in the payments industry. Their ability to offer fast, secure, and cost-effective transactions has made them increasingly popular for both businesses and consumers. By enabling seamless cross-border payments and serving as a hedge against inflation in unstable economies, stablecoins are becoming integral to global financial infrastructure. With its ambitious US expansion, BVNK aims to capitalize on the stablecoin industry's growth potential while navigating a complex regulatory landscape. The establishment of local operations in the US will be pivotal in ensuring compliance and delivering tailored solutions to American businesses. As BVNK takes its next steps, it joins a growing list of innovators reshaping the future of finance. Its entry into the competitive US market, bolstered by strong investor confidence and a proven track record, marks a significant milestone in the evolution of stablecoin infrastructure. The surge in stablecoin-focused projects and investments highlights the sector’s bright future. BVNK’s story is a strong indication of the transformative power of stablecoins in modern finance, paving the way for faster, more inclusive, and more reliable global payments. As the stablecoin industry continues to mature, companies like BVNK are at the forefront of a financial revolution that promises to redefine the way value is transferred worldwide.
The U.S. Department of Justice has now achieved its first criminal tax evasion conviction based solely on cryptocurrency activity.