Bitcoin Makes Much-Needed Gains, Roaring To Almost $65,000 This Week in Crypto

Crypto Week Ahead: The price of Bitcoin (BTC) reached a high of $64,606.82 during the previous seven days.

Due to growing buyer confidence, Bitcoin (BTC) enjoyed some much-needed rallies over the previous week, pushing the price up to about $65,000 over the weekend. Bitcoin looks to have leveled off at roughly $63,000. The market for cryptocurrencies is thought to have benefited from a potential rate decrease in the US and Robert F. Kennedy Jr.'s backing of Donald Trump, a fellow pro-crypto leader. We do not yet know how long Bitcoin can continue to rise.

Readers should be aware that coin prices and the cryptocurrency market as a whole are very erratic before continuing. It is impossible to predict with certainty how cryptocurrencies will perform in the future.

The purpose of this article is to assist investors in staying abreast of the most significant events that have already occurred, as well as some noteworthy forthcoming events and current market circumstances. Before taking any calls, investors are recommended to conduct their own research.

The Week's Worth of Cryptocurrency Prices

The total market capitalization of cryptocurrencies was $2.05 trillion on Monday, August 12. The price of Bitcoin was almost $58,590. The price of ETH was almost $2,550.

The whole market capitalization increased to $2.25 trillion a week later.

With a total volume of $3.21 billion, DeFi accounts for 6.31 percent of the market's 24-hour volume. Stablecoins make up $46.42 billion of the whole 24-hour market volume, or 91.24 percent of the total volume. The entire market fear and greed index, according to CoinMarketCap, was at 56 points (out of 100), or "Neutral."

As of the time of writing, 56.22 percent of BTC was dominated.

Bitcoin reached a high of $64,606.82 on August 24 and a low of $58,094.42 on August 19 over the last seven days.

In contrast, Ethereum had a high of $2,815.04 on August 24 and a low of $2,551.05 on August 21.

Notable Crypto Events

On August 23, when locals in the region complained about frequent power disruptions, Thai law enforcement successfully raided an illegal Bitcoin mining business.

The enterprise was set up in a residential neighborhood, and the authorities found that it was using a lot of electricity without being fully paid for it. Residents had first become aware of the problem when there were unexpected and regular power outages in the area. This prompted them to report the problem, which in turn prompted an investigation and raid.

Authorities are still looking into the scope of the operation and the people engaged in this illegal conduct. Concerns have been expressed regarding the possible effects on the nearby power system as well as the wider ramifications for comparable underground operations in other areas due to the mining process' unauthorized usage of electricity.

The Ethereum Foundation just finished a significant transaction in which 35,000 ETH were moved. At current market prices, this amount is expected to be worth approximately $96.9 million. The August 23, 2024, transfer has come under investigation from the cryptocurrency community, raising concerns about the foundation's openness in managing such substantial amounts of money.

The executive director of the foundation addressed the matter in response to the worries, stating that the transaction was a standard component of the company's treasury management procedures. With this explanation, the community was to be reassured that the transfer was a routine operating practice meant to optimize the foundation's financial resources. Even when it was clarified, the transaction created a stir in the cryptocurrency community, emphasizing how crucial openness is moving forward for the blockchain ecosystem's important asset management.

Following a recent cyberattack, Nischal Shetty, a co-founder of WazirX, has clarified the situation about the platform's residual assets and refuted widespread rumors. The propagation of false information, according to Shetty, has led to unwarranted concern by implying that the platform's residual assets have also been hacked. He told users that these accusations are baseless and seem to be made just to garner attention.

In keeping with his commitment to openness, Shetty said he would make WazirX's Proof of Reserves (PoR) available as soon as a new custody provider was secured.

The Views Of Cryptocurrency Traders Regarding The Present Market Situation

Co-founder and CEO of Mudrex Edul Patel said to ABP Live, "Bitcoin opened the week with a rise beyond $60,000, propelled by Robert F. Kennedy Jr.'s endorsement of a crypto-friendly position in favor of Donald Trump and Jerome Powell's hint at a potential rate drop in September." As momentum picks up, Bitcoin is aiming for the resistance level of $65,600, with solid support likely to be found at $63,600. We may expect Bitcoin to shortly move towards $70,000 if it maintains its position above the $62,000 support level.

At “Bitcoin 2024,” Trump and Republicans chase cryptocurrency votes and bucks.

Tennessee (Reuters) - Former US President and Republican candidate Donald Trump previously decried cryptocurrencies, labelling them as a "scam." He is now the featured speaker at one of the largest conferences in the industry.

On Saturday, the final day of the three-day Bitcoin 2024 convention in Nashville, Trump, who made the remark in 2021, will give a speech. Senators Cynthia Lummis of Wyoming, Bill Hagerty of Tennessee, and Republican former contender Vivek Ramaswamy will also be speaking.

Representative Ro Khanna of California is one of the Democrats.

Following the collapse of FTX and several other cryptocurrency companies in 2022, which caused token prices to plummet and forced some businesses into bankruptcy, the industry has rapidly recovered. Proponents of digital assets claim that voters are increasingly drawn to cryptocurrencies in this election year, though it's unclear how many of them would put cryptocurrencies ahead of other problems in the voting booth.

In an attempt to win over their support, the Republican Party is promising less regulation, which might link a currency designed to elude regulation to a significant American political party.

According to professor David Yermack of New York University's Stern School of Business, "for most of its history, crypto was really a nonpartisan issue," as neither Republicans nor Democrats were interested in learning more about it.

"I do think the Republicans in the last year or two have begun to move a little more quickly in the area."

Over 1.3 million supporters have joined Stand With Crypto, a nonprofit industry organisation supported by cryptocurrency exchange Coinbase. In the meantime, almost $230 million has been raised to assist friendly candidates by three significant pro-crypto super political action committees that did not exist prior to this cycle: Fairshake, Defend American Jobs, and Protect Progress.

It's already having an impact. This year, Fairshake, a super PAC that supports candidates who support cryptocurrencies, has spent more than $10 million attacking progressive Democrat Katie Porter of California in her Senate campaign. Porter lost her primary because she questioned the impact of bitcoin mining on climate change.

Proponents of cryptocurrency, such as the rich Winklevoss brothers who launched Gemini, are endorsing Trump. Each gave him $1 million in bitcoin, but they were forced to return the funds since they were more than the limit permitted by federal law.

The Federal Reserve announced in May that, overall, 7% of American adults owned or used cryptocurrency in 2023—a decrease of 3 percentage points from 2022 and 5 percentage points from 2021. On the other hand, more politicians than ever are attending the yearly convention.

One participant remarked in an interview, "There's a joke going around that the list of speakers looks like the RNC Lite," alluding to the Republican National Convention in Milwaukee in the middle of July.

THE NEW EMBRACE OF TRUMP

Trump's most recent demonstration of support for the sector will be at Bitcoin 2024. During a June fundraising event held in San Francisco, he attacked Democratic efforts to control the industry. Last month, he hosted bitcoin mining businesses at his Mar-a-Lago estate.

Attending the Mar-a-Lago meeting was Marathon Digital Holdings' head of public policy, Jayson Browder. "We have tried to engage with the Biden administration and they have not been receptive unfortunately." "And former President Trump has been more than receptive and is now being an active supporter of our industry."

Trump recently stated that he wanted to see more American companies mine bitcoin.

The Securities and Exchange Commission's enforcement measures under US President Joe Biden have displeased cryptocurrency executives.

The Biden-Harris administration will keep meeting with stakeholders and collaborating with Congress to create the appropriate protections to take use of the potential advantages and opportunities presented by the development of crypto-asset innovation, the White House informed Reuters.

If Harris wins the presidential election in November, she would probably carry forward Biden's crypto policies.

For this article, neither the Trump nor the Harris campaigns responded right away.

Traders placing bets on the possibility of a second Trump presidency are swarming asset classes that are anticipated to benefit from his administration.

"The cleanest and most direct way to play the 'Trump trade' so far," according to Cameron Dawson, chief investment officer of NewEdge Wealth, is cryptocurrency, and bitcoin in particular.

Hillary Adler, a conference attendee and co-founder of the operating system BitcoinOS, identifies as left-libertarian although she has always supported the Democratic Party. Adler, who identified as an undecided voter, stated that she does not find it surprising that some Republican lawmakers are now in favour of cryptocurrency.

"The Republicans have always had better long-tail strategies, politically," she stated. "Now, they care about crypto."

Crypto Price Today: Bitcoin surges 3%; Altcoin XRP, Etherium, others jump up to 11%. Here’s why?

On Wednesday, the price of bitcoin (BTC) increased by more than 3%, peaking at $65,758 around 1:00 PM India time. Since an attempt on the life of US presidential candidate Donald Trump, Bitcoin (BTC) has gained significant traction among investors due to increased inflows and optimistic feelings, with the former president's chances of winning the forthcoming election skyrocketing.

For Bitcoin, the last seven days' gains have increased by more than 11%.

The surge in BTC has also benefited major cryptocurrencies. Around this period, the following stocks had gains: Etherium (ETH), BNB, Tether, BNB, XRP (11%), Dogecoin, Cardano, Tron, Avalanche, and Shiba Inu. Toncoin, however, dropped more than 1%, making it one of the losers.

According to Edul Patel, CEO of Mudrex, Bitcoin is still rising and is currently trading at almost $65,000. Investors are taking advantage of the slump by flooding US spot Bitcoin ETFs with more money.

Monday saw lifetime net inflows into these ETFs reach $16 billion, and bulls in the market are now aiming for $71,500, according to his opinion. A clear break above the $66,500 barrier level would add more bullish impetus. With support established at $64,250, the next significant resistance is at $67,200, according to Patel.

Even after Mt Gox decided to relocate 91,755 BTC, valued at $5.8 billion, the price of BTC remained over $65K and was unaffected by the event.

Since their January introduction, spot Bitcoin ETFs have drawn inflows totaling over $16 billion, with $300 million added already this week alone, according to CoinSwitch Markets Desk. According to the paper, despite fluctuations in Bitcoin values, the funds—which are led by BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund—have consistently seen inflows, demonstrating substantial investor demand for regulated bitcoin exposure.

With the long negative run of the Sam Altman-related token coming to an end, worldcoin's WLD (+20%) continued to be the day's top mover.

"It's encouraging to see such liquidity in Bitcoin; it has given market participants greater confidence." For Bitcoin, the market is currently maturing. It is going through a cycle where we can observe its response to significant sell-offs. As of right now, it's working nicely," said Nischal Shetty, co-founder of Shardeum.

IMPORTANT ANNOUNCEMENT OF EXCHANGES LISTING

IMPORTANT ANNOUNCEMENT OF EXCHANGES LISTING

1. WhiteBitcoin (WBTC) Listing on BisafeAI Exchange on December 25, 2024

We are thrilled to announce the listing of WhiteBitcoin (WBTC) on the BisafeAI Exchange, effective December 25, 2024. This exciting addition provides our users with new opportunities to trade and invest in one of the most innovative digital currencies on the market.


What Is BisafeAI Exchange?

BisafeAI Exchange is The World\u2019s First AI-driven CETF, SPOT, FUTURE, OPTIONS & STAKING cryptocurrency trading Upcoming platform, designed to offer a secure, efficient, and user-friendly experience for trading digital assets. It supports a wide range of cryptocurrencies and provides advanced trading tools, real-time market data, and competitive fees. Security is a top priority, with features like two-factor authentication, encryption, and cold storage for user funds. The platform ensures regulatory compliance and offers robust customer support to assist users. Whether you are a beginner or an experienced trader, BisafeAI Exchange aims to facilitate smooth and safe trading.


Trading Details

Trading Pair: WBTC/USDT
Trading Starts: December 25, 2024
Available for Spot Trading, Future & Options Trading


Benefits for BisafeAI Exchange Users

1. Diverse Investment Opportunities: Adding WBTC to our platform provides more options for diversifying your investment portfolio.
2. Enhanced Trading Experience: With our user-friendly interface and advanced trading tools, trading WBTC will be a seamless experience.
3. Promotional Events: Stay tuned for special promotions and bonuses to celebrate the listing of WBTC.

How to Get Started


1. Register: on the BisafeAI Exchange (www.bisafe.ai) if you haven't already.
2. Complete Verification: Ensure your account is verified to start trading.
3. Deposit Funds: Add funds to your account to begin trading WBTC.
4. Start Trading: Navigate to the trading section and select the WBTC/USDT pair to begin your trading journey.


We Recommend After Listing Of WhiteBitcoin(WBTC)

Stay Updated Follow us on our social media channels and subscribe to our newsletter to receive the latest updates and news about WBTC and other exciting listings on BisafeAI. We look forward to seeing you trade WhiteBitcoin (WBTC) on BisafeAI and benefiting from the unique opportunities it offers.

Happy Trading!

For further assistance, please contact our support team at dev@bisafe.ai


2. WhiteBitcoin (WBTC) to Be Listed on Belpay Exchange in Futures & Options on December 25, 2024

WhiteBitcoin (WBTC) is set to be listed on the Belpay Exchange starting December 25, 2024. This listing will include futures and options trading, marking a significant step for WBTC in expanding its trading options and accessibility for investors. The inclusion of WBTC in Belpay Exchange's futures and options market provides traders with new opportunities to hedge and speculate on the cryptocurrency's price movements. The introduction of these derivatives is expected to enhance liquidity and offer more sophisticated trading strategies for WBTC holders. Belpay Exchange, known for its robust trading platform and a wide array of financial instruments, is set to facilitate this listing to attract a broader audience to WhiteBitcoin. This strategic move underscores the growing acceptance and integration of WBTC within the cryptocurrency financial ecosystem. support@belpay.io


3. WhiteBitcoin (WBTC) Listing at Binance, Bybit, and Polonex in Q2 2027

Introduction: WhiteBitcoin (WBTC), a prominent cryptocurrency known for its innovative blockchain technology and robust security features, is set to make a significant move in the digital currency market. In the second quarter of 2027, WBTC will be listed on three major cryptocurrency exchanges: Binance, Bybit, and Poloniex. This strategic listing is expected to enhance liquidity, accessibility, and overall adoption of WBTC among global investors.

Binance Listing:

Binance, the world's largest cryptocurrency exchange by trading volume, will include WBTC in its diverse portfolio of digital assets. This listing will allow Binance users to trade WBTC against various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The inclusion on Binance provides WBTC with exposure to millions of traders worldwide, significantly boosting its market presence.

Bybit Listing:

Bybit, a rapidly growing derivatives exchange known for its advanced trading features and user-friendly interface, will also list WBTC. This listing will enable Bybit's users to engage in spot trading as well as leverage WBTC for futures contracts. Bybit's integration of WBTC is anticipated to attract both retail and institutional traders, offering new opportunities for hedging and speculation in the crypto market.

Poloniex Listing:

Poloniex, a well-established exchange known for its broad selection of altcoins and high-security standards, will add WBTC to its trading platform. The listing on Poloniex will allow users to trade WBTC with various fiat and cryptocurrency pairs. Poloniex's reputation for reliability and security is expected to attract a diverse user base to WBTC, promoting its stability and growth.

Market Impact:

The simultaneous listing of WBTC on Binance, Bybit, and Poloniex marks a significant milestone in its development. This strategic move is expected to enhance the liquidity and trading volume of WBTC, making it more attractive to investors. The increased accessibility through these major exchanges will likely drive adoption and foster greater confidence in WBTC as a viable investment option.


Conclusion:-

The listing of WhiteBitcoin (WBTC) on BisafeAI, Belpay in Q4 2024 & Binance, Bybit, and Poloniex in Q2 2027 represents a pivotal moment in the cryptocurrency landscape. By joining forces with these leading exchanges, WBTC is poised to expand its reach and influence, solidifying its position as a key player in the digital currency market. Investors and traders are encouraged to take advantage of this opportunity to engage with WBTC on these reputable platforms, potentially benefiting from its promising prospects.

REGARDS
TEAM VIP WALLET - BTC, WBTC & WEB3

What Is Web3 and Why Does It Matter?

Web3, or Web 3.0, is the next generation of internet services characterized by decentralized protocols, blockchain technologies, and Coin/token-based economies. It aims to create a more open, transparent, and user-centric internet. Here’s a closer look at what Web3 entails and why it matters:

Key Features of Web3.

Decentralization

• Blockchain Technology: Web3 uses blockchain to decentralize control, ensuring no single entity owns or controls the network, unlike the centralized platforms dominating Web2.

• Peer-to-Peer Networks: Users interact directly with each other, enhancing privacy and reducing dependency on centralized entities.

Trust and Transparency:

• Smart Contracts: These self-executing contracts have terms directly written into code, automatically enforcing and executing agreements, which reduces the need for intermediaries and enhances trust.

• Immutable Ledgers: Transactions are recorded on the blockchain in an immutable and transparent manner, ensuring data cannot be altered once added.

User Ownership and Control:

• Digital Assets and Coin/Token: Web3 allows the creation and ownership of digital assets and cryptocurrencies, giving users real ownership and control over their digital interactions and transactions.

• Decentralized Identity: Users maintain control over their digital identities, reducing the risks associated with data breaches and identity theft.

Economic Incentives:

• Coin/Token Economies: Cryptocurrencies and tokens incentivize participation and contributions to the ecosystem, rewarding users for their engagement.

• Decentralized Finance (DeFi): Web3 includes a range of decentralized financial services, offering alternatives to traditional financial systems and enabling more inclusive financial access.

Why Web3 Matters

Empowerment and Ownership:

• User-Centric: Web3 shifts power from centralized entities to individuals, giving them more control over their data, digital identities, and assets.

• Monetization: Creators and users can directly monetize their contributions without intermediaries, leading to fairer compensation models.

Innovation and Inclusion:

• New Business Models: Web3 fosters new business models like decentralized autonomous organizations (DAOs) and decentralized applications (dApps) that were not possible under Web2.

• Global Access: By removing barriers associated with centralized control, Web3 provides global access to financial services, information, and digital resources.

Enhanced Security and Privacy:

• Data Ownership: Users maintain ownership of their data, reducing the risk of breaches and misuse by third parties.

• Cryptographic Security: The use of cryptographic techniques enhances security, ensuring secure transactions and interactions.

Reduced Intermediary Costs:

• Efficiency: By eliminating intermediaries, Web3 reduces transaction costs and improves efficiency, making processes quicker and more cost-effective.

• Direct Interactions: Users can engage in direct transactions and interactions, streamlining processes and reducing overhead costs.

Challenges and Considerations

• Scalability: Current blockchain technologies face scalability issues that need addressing to handle large-scale applications and user bases.

• Regulation: The regulatory landscape for cryptocurrencies and blockchain is still evolving, posing potential risks and uncertainties.

• Usability: Web3 applications often have a steep learning curve, requiring further development of user-friendly interfaces for mass adoption.

• Security Risks: While blockchain itself is secure, the surrounding ecosystem (such as smart contracts and dApps) can be vulnerable to exploits and hacks.

Conclusion

Web3 represents a transformative shift in how we interact with the internet, promising greater decentralization, security, and user empowerment. Despite the challenges, the potential benefits of a more open, user-centric, and equitable internet make Web3 a critical development in the digital landscape. As the technology matures, it is likely to have profound implications for various aspects of society, from finance and governance to social interaction and digital content creation

What Are VIP Web3 Wallet?

Key Takeaways:

• Web3 wallets are essential for navigating the world of decentralized finance, acting as gateways to interact with blockchain networks and manage digital assets.

• VIP Web3 wallet come in various types. Non-custodial wallets provide user autonomy, while custodial wallets offer convenience with third-party management. Advance Blockchain wallet introduces programmable features for advanced functionalities and enhanced security.

• Popular examples of Web3 wallets include MetaMask and Trust Wallet.

Introduction:

VIP Web3 wallet have emerged as essential tools for users seeking to explore the world of cryptocurrencies and decentralized finance (DeFi). In this guide, we will discuss the fundamental concepts of Web3 wallet and their different types, followed by some popular examples.

What Is a VIP Web3 Wallet?

VIP Web3 wallet are digital wallet designed for the world of Decentralised Finance They act as gateways for users to interact with blockchain networks and decentralized applications , providing a secure way to manage cryptocurrencies, NFCs and other digital coin.

VIP Web3 Wallet vs. Crypto Wallets

Although the two terms are often used as synonymous, not all crypto wallets are compatible with DApps and DeFi platforms. So, while both VIP Web3 and crypto wallets are used to manage cryptocurrencies, VIP Web3 wallet support a wider variety of digital assets.

How VIP Web3 Wallet Work

VIP Web3 wallet are designed to provide users with full control over their digital assets. This means that users are responsible for managing their Seed Phrases and Private Key.

Typically, whenever you create a new VIP Web3 wallet, you will generate a unique seed phrase of 12 words. This is what gives total access to your crypto wallet and its private keys (used to Sign and verify transactions). Do not share your seed phrase and private keys with anyone.

Key Features of VIP Web3 Wallet

Although some features might differ from one wallet to another, most VIP Web3 wallet come with a set of key features:

• Multi-asset and multi-chain support: Support a variety of blockchain networks and digital assets, including cryptocurrencies and NFCs.

• Advance Blockchain and DeFi interoperability: Facilitate seamless interactions with Advance Blockchain, giving users access to DApps, decentralized exchanges, marketplaces, and other blockchain-based applications.

• Peer-to-peer transactions: Enable users to send and receive digital assets without the need for centralized services or intermediaries.

• Security: VIP Web3 wallet should offer robust security and implement encryption techniques to protect seed phrases and private keys from potential threats. Some also include notifications and warnings against potentially malicious websites and Advance Blockchain.

• Pseudonymity: Although most blockchain transactions are publicly available, users can create VIP Web3 wallet without sharing sensitive data or personal information.

Custodial vs. Non-Custodial Web3 Wallet

1. Non-custodial wallet

Non-custodial or self-custody wallets provide users with complete control over their assets. Popular examples include MetaMask and Trust Wallet. Non-custodial VIP Web3 wallet is considered the safest option for most traders and investors, as long as their private keys and seed phrases are kept private and secure.

2. Custodial wallets

Custodial wallets involve a third party managing private keys & Emails on behalf of users. The wallet you have in your VIP wallet account are example of a custodial wallet. While offering convenience, users must trust the custodian with their assets, so it’s important to choose a reliable and trustworthy Service Provider.

Types of Web3 Wallets

There are multiple ways to categorize Web3 and crypto wallets. In this section, we will explore some of the most common types: hardware, web, desktop, mobile, paper, smart contract, advanced blockchain wallets. Keep in mind, however, that there are overlaps between the different categories. For example, some Web3 wallets like MetaMask & VIP WEB3 are available as both web and mobile wallets.

Hardware wallets

Hardware wallets are physical devices that store cryptocurrency keys offline (cold storage), providing an extra layer of security. Even though they're safer from online threats, they can be a bit tricky to use and access compared to other wallets. But, if you plan to keep your crypto for a long time or have a lot of it, a hardware wallet might be a good choice. 

You can set up a PIN code for extra protection, and most of them let you create a backup recovery phrase in case you lose your wallet. Trezor and Ledger are popular examples of hardware crypto wallets.

Web wallets

Web wallets usually operate through a browser interface, allowing users to access their cryptocurrency holdings online. Most web wallets today are also available as mobile wallets. While convenient, users must be cautious when connecting their wallets to DeFi platforms and DApps. Interacting with malicious websites or smart contracts may put your assets at risk.

Mobile wallets

Mobile wallets operate similarly to web wallets but are specifically crafted for smartphones. They enable users to send and receive cryptocurrencies conveniently using QR codes. They also offer easy mobile access to DeFi and DApps.

However, just like computers, mobile devices are susceptible to malicious apps and malware. It's advisable to secure a mobile wallet by encrypting it with a password and backing up your seed phrase (or private keys) in case of phone loss or malfunctions.

MetaMask, VIP Web3 Wallet, and Trust Wallet are notable examples of mobile crypto wallets. We will cover each in more detail in the next section.

Advance Blockchain wallet

Advance Blockchain wallet are managed by Advance Blockchain on the blockchain. This wallet introduces programmable, self-custodial accounts and enables advanced functionalities. Unlike traditional wallets, advanced blockchain wallet allow users to define rules and conditions for transactions, automate financial activities, and enhance security through programmable logic. 

Advanced blockchain wallets often leverage blockchain technology, providing users with decentralized control over their funds and facilitating integration with DeFi applications. Security features such as multi-signature requirements, time locks, and upgradability are common aspects of advanced blockchain wallets, making them versatile tools for managing and interacting with cryptocurrencies.

Desktop wallets

Desktop wallets were more common in the early years of Bitcoin, WhiteBitcoin and cryptocurrencies. They are software applications installed on your computer, providing complete control over your cryptocurrency keys. Security relies on the user's computer integrity, and regular backups of the wallet data are essential to prevent loss.

Paper wallets

Paper wallets are often discouraged and considered by many obsolete. They involve the physical printing or writing of cryptocurrency addresses and private keys on paper. Offering offline storage, they are resistant to online hacking but require careful handling and secure storage to prevent physical damage or loss.

Examples of Web3 Wallets

MetaMask

MetaMask stands as one of the most popular non-custodial Web3 wallets, known for its compatibility with Ethereum and various EVM-compatible blockchains, such as BNB Chain, Polygon, Avalanche, Arbitrum, and many others.

Users can use MetaMask to interact with DApps, manage digital assets, and engage in token swaps. MetaMask prioritizes user autonomy, as it doesn't control private keys, offering a secure and intuitive experience for both beginners and experienced users.

VIP Web3 Wallet

The VIP WEB3 Wallet integrated into the VIP Wallet app, targets both new and experienced DeFi users. Leveraging advanced blockchain technology, it enhances cryptographic security by eliminating the need for a single storage location for private keys. The wallet's Two "key shares" are distributed across the Web3 Wallet, cloud storage, and the user's device. This approach ensures enhanced security and reduced risks of single points of failure.

VIP Web3 Wallet Features

• Easy setup: Quick creation through the VIP Wallet app with seed phrases and private keys.

• Convenience: Seamlessly connected to VIP Wallet Bridge and other service providers for easy coin swaps and exploration of DApps.

• Security measures: Wrong address protection and identification of potentially malicious Advance Blockchain, with transactions controlled by Advance Blockchain (ABC20) technology.

• Self-custody: Encrypted by Two "key shares" and a password, offering complete autonomy over assets.

Trust Wallet

Trust Wallet another prominent non-custodial wallet, offers a seamless mobile experience for managing cryptocurrencies. Supporting a wide range of blockchains, Trust Wallet enables users to store assets, explore DApps, and participate in DeFi activities. Its user-friendly interface and strong security measures make it an ideal choice for mobile users seeking both convenience and protection.

Closing Thoughts

Web3 wallets have become indispensable tools for those delving into cryptocurrencies and DeFi, allowing users to engage with blockchain networks and decentralized applications (DApps). Whether opting for MetaMask, VIP Web3 Wallet, or Trust Wallet, users should always keep their seed phrases and private keys confidential and safe.

Bitcoin whales mimic traditional bull market movements while the price of BTC $72,00

As a Coinbase-caused decline in BTC price doesn't last long enough to hold onto bulls, Bitcoin sets a good tone for the US holiday weekend. During the previous Wall Street open of the week, Bitcoin attempted to reach higher levels as bulls resisted giving in to market anxiety. Prices of BTC set up a resistance retest Cointelegraph Markets Pro and TradingView data showed that the price of bitcoin continued to rise, surpassing $71,000. The previous day was marked by flash volatility as Bitcoin dropped below the crucial $69,000 support level due to a legal dispute between US exchange Coinbase and SEC regulator. The downturn was short-lived, though, as buyers entered the market to support a continuing effort to grab liquidity close to all-time highs. Popular trader Skew issued a warning that manipulative liquidity maneuvers could lead to fakeout pricing behavior that day. These included new bid support ranging from $70,200 to $70,600, all of which were later taken off the Binance order book.

Cryptocurrency Price Today: Bitcoin briefly exceeds $57,000 for the first time since 2021

Quick analysis of cryptocurrency prices on February 27: The worldwide market capitalization increased to a record $2.14 trillion. Bitcoin (BTC), the world's oldest and most valuable cryptocurrency, rose above $55,000 for the first time since November 2021. It briefly surpassed $57,000 before settling down below. It is widely assumed that the latest increase is the result of rising investor confidence in BTC exchange-traded funds (ETF). Other major coins, like as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), performed well across the board. Memecoin PEPE was the largest gainer of all, with a 24-hour increase of more than 51%. Worldcoin (WLD) was the biggest loser, dropping roughly 14 percent in 24 hours. At the time of writing, the worldwide crypto market capitalization was $2.14 trillion, representing a 7.36 percent gain over the previous day. Bitcoin (BTC) Price Today According to CoinMarketCap, the bitcoin price was $55,951.66, representing an 8.32 percent increase in the previous 24 hours. Ethereum (ETH) Price Today At the time of writing, the price of ETH was $3,227.85, representing a 3.95 percent gain over the previous 24 hours. Dogecoin (DOGE) Price Today According to CoinMarketCap data, DOGE increased by 4.74 percent in the last 24 hours and is now trading at $0.08966. Litecoin (LTC) Price Today Litecoin rose 6.80 percent in 24 hours. At the time of writing, it was trading at $74.79. Ripple (XRP) Price Today The XRP price was $0.5549, representing a 2.67 percent increase in the last 24 hours. Solana (SOL) Price Today Solana was trading at $110.48, up 6.68 percent in 24 hours.

Crypto Price on February 16: Crypto market capitalization surpasses $2 trillion as Bitcoin soars past $52,000

The world's two biggest cryptocurrency tokens, Ethereum and Bitcoin, increased by more than 6% on Friday, sparking a significant rise in the market. The value of the world's cryptocurrency market, however, increased by 5% in the previous day to approximately $2.04 trillion. Ethereum was up 6.6% at $2,796 while Bitcoin was up 6% at $52,318. Bitcoin's $1 trillion market capitalization was recovered. The largest token in the world based on market capitalization has increased almost 135% in the past year, and it hasn't been so high since December 2021. After 26 months, Bitcoin's market capitalization of $1 trillion was regained, indicating possibility for more growth. Due to U.S. inflation figures, Bitcoin experienced a temporary decline below $50,000 on Tuesday; however, it quickly recovered. Bullish sentiment is still present, with a target price of $75,000, driven by significant inflows into spot BTC ETFs listed in the United States, such as BlackRock's IBIT. Experts predict that Bitcoin will continue to rise, citing $46,000 as a crucial support level while warning against a possible stall in the market's momentum. With prices for Ethereum and Bitcoin reaching their highest points of the year, the cryptocurrency sector is still growing. Increased investments in Bitcoin spot ETFs and optimism around the impending halving event are the main drivers of this growth. According to analysts, the increase in the price of bitcoin has improved investor attitude toward other coins including Solana, BNB, XRP, Dogecoin, and Cardano. Shiba Inu and Polygon have also seen a decrease in inflows. 7.53% of the 24-hour volume of the cryptocurrency market is now represented by the $7.14 billion total volume in DeFi. According to data available on CoinMarketCap, the total amount of stablecoins is currently $86.34 billion, or 91.1% of the entire 24-hour volume of the cryptocurrency market. Currently, 52.58% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 28.4% to $43.5 billion in the last day. With its next resistance target at $55,000, Bitcoin, which is currently trading over $52,000, is still in a bullish position. But since the RSI for Bitcoin is in overbought zone, a slight decline is expected before the weekend in order to clear out long positions in the market.

With inflows into ETFs, Bitcoin is aiming for its longest winning streak in a year

Thanks in part to the historic launch of US exchange-traded funds for the currency, Bitcoin is on the verge of a profitable run not seen since the beginning of the year. As of 9:50 a.m. on Monday in Singapore, the digital asset increased by around 1% to $48,436. If the advance continues, it would be the longest daily gain streak since January 2023. Bloomberg's data supports this theory. Nine fresh positions Since they started trading in the US on January 11, bitcoin funds have drawn in over $9 billion in capital from investors. According to assets amassed after a month on the market, two of the offerings—from BlackRock Inc. and Fidelity Investments—rank as the most successful ETF launches, according to a report written by Bloomberg Intelligence analysts Eric Balchunas and James Seyffart. According to Caroline Bowler, CEO of cryptocurrency platform BTC Markets Pty, there are signs of a "growing inflow of institutional capital into the asset class" on Bloomberg Television. On the same day that the new funds went live, the largest portfolio devoted to the token, the more than ten-year-old Grayscale Bitcoin Trust, turned into an ETF. The Grayscale vehicle's more than $6 billion outflow has decreased. A net $2.8 billion has been drawn to the batch of 10 ETFs. Last year, excitement about the ETFs spurred a comeback for Bitcoin, which momentarily surged beyond $49,000 on the day it started trading. Then, when investors booked profits and watched to see how the ETFs performed, a multiday, $10,000 selloff occurred. After a further upsurge, $50,000—a number last observed in 2021—has come into view. Around cryptocurrency, optimism is also growing around the upcoming April quadrennial Bitcoin halving. The amount of Bitcoin that miners receive for running the potent computers that validate transactions on the blockchain is reduced by halves. Due to historical precedence, the occurrence is frequently seen as supporting prices. Fundstrat Global Advisors noted in a note that, aside from ETF inflows, sentiment toward Bitcoin is "typically positive" during the Lunar New Year celebrations that are presently taking place in Asia. The record high that Bitcoin reached in 2021, during a pandemic-era bull run fueled by easy money, is still about $20,000.