CRYPTOCURRENCY
Tangem Pay: Visa & Tangem Get Together
Tangem is introducing Tangem Pay, a groundbreaking payment technology that merges the worlds of traditional banking and digital assets. This Visa-certified solution allows users to spend cryptocurrencies like Tether directly from their self-custodial wallet, seamlessly using merchants’ payment terminals or online. Certified by Visa in February 2022, Tangem Pay offers a user-friendly experience by integrating the ease of a traditional bank card with the security and autonomy of a self-custodial crypto wallet. Visa & Tangem Get Together.
But what is it?
What sets Tangem Pay apart is its ability to function with or without a seed phrase. Unlike many other crypto wallets that require a seed phrase for recovery, Tangem Pay uses a smart contract-based system, which simplifies access while maintaining security. The technology is available with just one card, providing users with a seamless payment experience without the need for complex recovery phrases. According to co-founder Andrey Kurennykh, this innovation marks a significant step toward bridging the gap between traditional financial systems and digital assets.
Tangem plans to offer Tangem Pay to users of other wallets, such as MetaMask, Ledger, and Trust Wallet, allowing for more widespread adoption. The company is also developing a platform as part of a software-as-a-service solution that will enable any wallet or bank to issue crypto payment cards under their brand. This move will revolutionize how both businesses and consumers interact with cryptocurrencies, allowing banks to integrate crypto solutions into their existing product lines seamlessly.
The mechanics
Starting with Tether on the Polygon network, Tangem Pay will support a wide range of cryptocurrencies, with plans to expand this offering over time. Visa’s Cuy Sheffield, head of crypto at Visa, highlighted the importance of this collaboration, emphasizing how it is setting the stage for next-generation payment solutions that prioritize both ease of use and security.
A growing follower-base
Since its inception in 2021, Tangem Wallet has grown significantly. The wallet, which is card-shaped and offers both seed and seedless wallet activation options, allows users to store major cryptocurrencies such as Bitcoin. The technology has proven to be popular, with Tangem boasting over one million cards produced and its wallet now available in 160 countries.
Tangem’s success with self-custodial wallets is notable, with 80% of users activating their wallets without seed phrases thanks to Tangem’s smart backup technology. A Tangem wallet can contain up to three identical cards, functioning like having multiple keys to the same door. This feature offers an extra layer of security and convenience for users who may worry about losing access to their wallet.
As the demand for crypto payment solutions increases, Tangem’s vision is clear. By bridging the gap between traditional and digital payment systems, Tangem Pay is poised to redefine how users and businesses manage and transact with digital assets. This latest development solidifies Tangem’s role as a pioneer in the growing field of crypto payments, helping to pave the way for more mainstream adoption of digital currencies.
Tangem Pay’s launch is eagerly anticipated by crypto enthusiasts and tech-savvy consumers alike. By providing an innovative solution that allows for the seamless integration of crypto payments into everyday life, Tangem is pushing the boundaries of what’s possible in the fintech and blockchain spaces.
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What’s Hot in UAE
It’s that time of year again—Uptober is upon us, and if you’re in the crypto space, you’ve probably already felt the buzz. For seasoned traders and crypto enthusiasts alike, October has gained a reputation for being one of the most bullish months in the market. Historically, this month has brought price surges, renewed interest in the market, and gains that leave investors smiling. If you’ve been holding on to your coins, Uptober might be just what you’ve been waiting for.
Why October is Bullish for Crypto
Year after year, October has shown itself to be a particularly strong month for cryptocurrency. This trend is widely referred to as Uptober, and here are a few reasons why you might see your crypto portfolio pump:
- Historical Patterns of October Rallies
Over the past several years, October has consistently delivered positive returns across major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others. Many traders anticipate these rallies based on historical data, which leads to increased buying activity and pushes prices higher. - Renewed Institutional Interest
Major financial institutions often reignite their interest in cryptocurrency toward the end of the year. This October, we’re seeing increased discussion around Bitcoin ETFs, institutional adoption, and innovations in decentralised finance (DeFi). Institutional moves can significantly affect the market, leading to price increases. - Market Sentiment and Psychology
After the typically quiet and volatile summer months, October often brings a wave of optimism in the crypto market. This shift in sentiment boosts market confidence, leading to more trading volume and price pumps. Investors and traders jump back into the market, riding on the positive momentum.
Cryptos to Watch During Uptober
So, which cryptocurrencies should you keep an eye on during Uptober? While every portfolio is different, here are a few coins that might see significant gains:
- Bitcoin (BTC): The flagship cryptocurrency tends to lead the way in any bullish market. With strong historical performance during October, Bitcoin is likely to see positive movement, making it a focal point for traders.
- Ethereum (ETH): As the second-largest cryptocurrency, Ethereum benefits from any overall market pump. With the ongoing development of Ethereum 2.0, October could bring even more attention to this project.
- Altcoins: Solana (SOL), Cardano (ADA), and Avalanche (AVAX) are just a few altcoins that have the potential to ride the wave of Uptober. These projects have been gaining traction and could see significant increases in price as market sentiment turns bullish.
What’s Driving the Uptober Buzz?
Several factors are contributing to the Uptober excitement this year:
- Bitcoin ETFs: Talk of potential Bitcoin ETFs gaining regulatory approval is stirring up excitement. This would be a significant move towards wider adoption, making Bitcoin more accessible to traditional investors. If approved, this could be a massive catalyst for a market-wide pump.
- Layer 2 Solutions: Scaling solutions like Arbitrum and Optimism are gaining attention for improving the speed and efficiency of Ethereum transactions. These projects may experience a surge of interest as DeFi platforms and developers continue to adopt them.
- DeFi Expansion: Decentralised Finance (DeFi) is continuing to revolutionise traditional finance. October could be a breakout month for many DeFi tokens and platforms as developers roll out new products, features, and upgrades that attract more users and liquidity.
How to Prepare for Uptober
If you’re holding crypto or looking to enter the market, there are a few things you should consider during Uptober:
- Watch for Breakouts: Keep an eye on key resistance levels for major coins. If Bitcoin or Ethereum breaks through significant resistance, it could trigger a broader market pump, bringing altcoins along with it.
- Manage Risk: While Uptober is historically bullish, the crypto market is still volatile. Make sure you have a solid risk management strategy in place. Whether it’s setting stop-losses or taking profits at certain levels, having a plan is key.
- Stay Informed: Follow crypto news closely this month. Pay attention to major announcements, partnerships, and regulatory developments that could impact the market. Being informed will help you make better trading decisions.
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Final Thoughts: Is Your Crypto Portfolio Ready for Uptober?
With Uptober already underway, now is the time to review your portfolio and make sure you’re positioned for the potential pump. Whether you’re a Bitcoin maximalist, an Ethereum enthusiast, or deep into altcoins, October is historically a month of opportunity for crypto investors. With all the buzz surrounding institutional moves, market sentiment, and ongoing project developments, we might just see Uptober live up to its reputation once again.
So, get ready for the ride and make the most of what could be a very profitable month in the world of cryptocurrency.
Read about it more in our online magazine at https://whatshotinuae.com.
CRYPTOCURRENCY
Bitcoin to Hit $100k Valuation in 2025 Bull Run: What You Need to Know
Bitcoin, the world’s leading cryptocurrency, has seen its fair share of highs and lows since its inception in 2009. However, the upcoming bull run in 2025 is generating significant excitement among investors, analysts, and crypto enthusiasts alike. Many experts predict that Bitcoin could reach the much-anticipated $100k Valuation in 2025 Bull Run during this period, marking a new milestone in the cryptocurrency’s volatile yet remarkable journey.
The Road to $100k: Factors Driving the Bull Run
Several key factors are expected to contribute to Bitcoin‘s potential surge to $100,000 by 2025:
- Halving Events:
- One of the primary catalysts for Bitcoin’s price surges has historically been its halving events. These events, which occur roughly every four years, reduce the reward for mining new blocks by 50%. The most recent halving occurred in May 2020, reducing the block reward from 12.5 BTC to 6.25 BTC. The next halving is expected in 2024, reducing the reward to 3.125 BTC. Historically, these events have led to significant price increases in the following year due to the decreased supply of new Bitcoin entering the market.
- Institutional Adoption:
- Institutional interest in Bitcoin has been growing steadily. Major financial institutions, hedge funds, and even corporations like Tesla have invested in Bitcoin, legitimizing it as a store of value and a hedge against inflation. As more institutions adopt Bitcoin, the demand is likely to increase, pushing the price higher.
- Global Economic Factors:
- The global economic environment, including inflation concerns and the potential devaluation of fiat currencies, is driving more investors towards Bitcoin. As a decentralized currency with a capped supply, Bitcoin is known as “digital gold,” a safe haven in times of economic uncertainty. This perception will fuel demand during the next bull run.
- Technological Advancements and Upgrades:
- Bitcoin’s underlying technology is also expected to undergo significant improvements by 2025. The introduction of layer 2 solutions, like the Lightning Network, aims to make Bitcoin transactions faster and cheaper. Such advancements could enhance Bitcoin’s usability, making it more attractive to a broader audience and boosting its value.
- Regulatory Developments:
- While regulatory uncertainty has often been a hurdle for Bitcoin, the trend is gradually shifting towards clearer regulations. Governments worldwide are recognizing the importance of cryptocurrencies and are working towards frameworks that could provide legal clarity, which may encourage more widespread adoption.
Historical Precedents: Learning from Past Bull Runs
Bitcoin’s previous bull runs provide valuable insights into what might be expected in 2025. For example:
- 2013 Bull Run: Bitcoin surged from around $13 to over $1,100, driven by early adoption and speculative investments.
- 2017 Bull Run: The price soared from $1,000 to nearly $20,000, fueled by retail investor interest and initial coin offerings (ICOs).
- 2021 Bull Run: Bitcoin reached an all-time high of approximately $64,000 before correcting, driven by institutional adoption and growing acceptance of cryptocurrencies.
Each of these bull runs was preceded by a halving event, followed by increased demand and media attention. If history is any guide, the 2025 bull run could follow a similar pattern, with Bitcoin potentially reaching or even surpassing the $100,000 mark.
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Potential Challenges and Risks
While the outlook for Bitcoin is optimistic, it’s important to acknowledge potential risks:
- Market Volatility: Bitcoin has extreme volatility, and while it will reach $100,000, it will also experience significant price swings.
- Regulatory Risks: Regulatory crackdowns in key markets could negatively impact Bitcoin’s price, especially if governments impose strict regulations on cryptocurrency trading and usage.
- Competition from Other Cryptocurrencies: Bitcoin faces competition from other cryptocurrencies like Ethereum, which is evolving with its own technological upgrades and could potentially challenge Bitcoin’s dominance.
The Broader Impact of Bitcoin’s Rise
As Bitcoin continues to mature, its potential to reach a $100,000 valuation during the 2025 bull run could have profound implications beyond the cryptocurrency market. For investors, both institutional and retail, this milestone would not only signal the ongoing relevance of digital currencies but also affirm Bitcoin’s role as a hedge against traditional financial systems. For economies, especially those in regions where fiat currencies are unstable, Bitcoin’s rise could offer an alternative store of value, potentially reshaping financial landscapes.
However, it’s essential to approach such predictions with caution. While the indicators are positive, the inherent volatility of cryptocurrency markets means that prices could fluctuate dramatically. Investors should remain informed and consider their risk tolerance when participating in this space.
As we move closer to 2025, the world will be watching to see if Bitcoin can defy the odds once again and achieve new heights. Whether it hits $100,000 or not, Bitcoin’s journey will undoubtedly continue to captivate and influence global financial markets.
For ongoing updates and more in-depth analysis of Bitcoin’s performance and the broader cryptocurrency market, visit What’s Hot in UAE.
CRYPTOCURRENCY
Bitcoin Passes $64k This Week! Bull Season is Back in Play
This week, Bitcoin made headlines once again as Bitcoin Passes $64k, a level that had not been seen for several months. This surge is significant, signaling a potential resurgence of the bull market that had captivated investors worldwide in previous years. The rally has sparked excitement and optimism among cryptocurrency enthusiasts, with many wondering if this marks the beginning of a new era of growth for Bitcoin and the broader cryptocurrency market.
Understanding the Drivers Behind Bitcoin’s Surge
Several key factors have contributed to Bitcoin’s recent price surge, each playing a role in reigniting the bullish sentiment in the market.
1. Institutional Adoption and Growing Interest
One of the most important factors behind Bitcoin’s price increase is the growing adoption of the cryptocurrency by institutional investors. Over the past few years, Bitcoin has gradually moved from being a niche asset favored by tech enthusiasts and early adopters to becoming a more mainstream investment option. Major financial institutions, including banks, hedge funds, and publicly traded companies, have started to incorporate Bitcoin into their portfolios. This shift has been driven by the increasing recognition of Bitcoin as a store of value, similar to gold.
In 2024, this trend has continued to gain momentum, with several large institutions announcing their intention to increase their exposure to Bitcoin. These moves have not only added credibility to the cryptocurrency but have also increased demand, driving up prices. The growing interest in Bitcoin ETFs (Exchange-Traded Funds) has also played a significant role. These ETFs allow investors to gain exposure to Bitcoin without having to hold the asset directly, making it easier for more traditional investors to participate in the market.
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2. Favorable Regulatory Developments
Regulatory clarity has long been a significant concern for the cryptocurrency market. However, recent developments in the regulatory landscape have been largely positive, particularly in the United States. In 2024, there has been a shift towards more favorable regulations, with several countries, including the U.S., taking steps to create a more structured and supportive environment for cryptocurrencies.
In the U.S., the potential approval of a Bitcoin ETF by the Securities and Exchange Commission (SEC) has been a major talking point. While a decision is still pending, the mere possibility of such an approval has already had a positive impact on market sentiment. The approval of a Bitcoin ETF would be a significant milestone, as it would provide a regulated and easily accessible way for investors to gain exposure to Bitcoin, further increasing demand.
In addition to the potential for a Bitcoin ETF, other regulatory developments, such as the clarification of tax rules and the recognition of cryptocurrencies as legitimate financial assets, have also contributed to the positive sentiment in the market. These developments have reduced the uncertainty that has often plagued the cryptocurrency market, encouraging more investors to enter the space.
3. Global Economic Factors and Market Liquidity
The broader economic environment has also played a crucial role in Bitcoin’s recent price surge. In 2024, global markets have been characterized by economic uncertainty, with concerns about inflation, interest rates, and the overall stability of traditional financial systems. In this context, Bitcoin has increasingly been seen as a hedge against economic instability and a potential store of value.
The ongoing injection of liquidity into global markets, particularly by central banks, has also contributed to the rise in Bitcoin’s price. As central banks continue to print money and keep interest rates low, many investors are turning to Bitcoin as a way to protect their wealth from the effects of inflation. This shift in sentiment has led to an increase in demand for Bitcoin, driving up its price.
Moreover, Bitcoin’s decentralized nature and limited supply have made it an attractive option for investors looking to diversify their portfolios and reduce their exposure to traditional assets. As more investors recognize the potential of Bitcoin as a long-term store of value, demand for the cryptocurrency is likely to continue to grow.
4. Technological Advancements and Infrastructure Development
Another factor contributing to Bitcoin’s resurgence is the ongoing development of the technological infrastructure that supports the cryptocurrency. In recent years, there have been significant advancements in the underlying technology of Bitcoin, including the implementation of the Lightning Network and other scaling solutions that have improved transaction speeds and reduced fees.
These technological improvements have made Bitcoin more practical for everyday use, increasing its appeal to a broader audience. The development of user-friendly wallets and platforms has also made it easier for new investors to enter the market, further driving demand.
Additionally, the growth of decentralized finance (DeFi) and the increasing integration of Bitcoin into the broader financial ecosystem have also contributed to its rise. As more platforms and services begin to accept Bitcoin and integrate it into their offerings, the use cases for the cryptocurrency continue to expand, attracting more users and investors.
The Broader Cryptocurrency Market Reaction
Bitcoin’s surge past $64,000 has had a ripple effect across the broader cryptocurrency market. This broader market rally suggests that the entire cryptocurrency space could be entering a new phase of growth.
The increase in trading volumes and market activity further supports this view. As prices rise, more investors are entering the market, leading to higher liquidity and more dynamic trading conditions. This increased activity is a positive sign for the health of the market and could help sustain the current bullish trend.
What’s Next for Bitcoin?
While the recent surge in Bitcoin’s price is certainly encouraging, it is important to remember that the cryptocurrency market is known for its volatility. Prices can change rapidly, and what goes up can also come down. However, many market analysts are optimistic about Bitcoin’s long-term prospects.
Some experts believe that if Bitcoin can break through key resistance levels, it could potentially challenge its previous all-time high of around $69,000. If this happens, it could pave the way for even higher prices, with some predictions suggesting that Bitcoin could reach $100,000 or more in the coming years.
While the current environment is favorable, external factors such as regulatory changes, technological developments, or macroeconomic shifts could impact the market.
Conclusion
The recent surge in Bitcoin’s price past $64,000 marks a significant moment in the ongoing evolution of the cryptocurrency market. With increasing institutional adoption, favorable regulatory developments, strong global liquidity, and technological advancements, Bitcoin appears to be in a strong position for continued growth. However, as with all investments, it is important to approach the market with caution and conduct thorough research before making any decisions.
For ongoing updates and in-depth analysis of Bitcoin’s market movements and the broader cryptocurrency landscape, visit What’s Hot in UAE. Stay informed and make the most of the opportunities in this dynamic and rapidly evolving market.
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