Press Release
How Bitcoin’s price rise has increased the number of cryptocurrency payments
NOWPayments Announces Significant Gain in Crypto Payments
NOWPayments, a leading crypto payment gateway, is excited to announce the significaте Increase of Crypto Payments since the beginning of November.
Why Bitcoin took a new ATH in November?
Starting in January 2024, Bitcoin’s price was around $48,717, marking a period of cautious optimism following a tumultuous 2023. Throughout the first half of the year, Bitcoin experienced significant fluctuations as market dynamics shifted, driven by regulatory developments and increased institutional interest. By November 2024, Bitcoin had reached a pivotal moment, hitting an all-time high (ATH) of $75,000 on November 8 and then surging to $89,000 shortly thereafter.
This remarkable growth didn’t go unnoticed by the business world. Companies across various industries quickly recognized the massive business opportunity Bitcoin presented. The ATH sent a clear message: Bitcoin was no longer just a speculative asset but a powerful tool for transactions, store of value, and an entry point into the broader crypto economy.
Businesses’ interest in Bitcoin grew for several reasons:
- Increased Institutional Adoption: Major financial institutions rolled out Bitcoin-based services, providing legitimacy and opening doors for mainstream use.
- Global Payment Integration: Bitcoin’s borderless nature appealed to businesses seeking efficient, low-cost cross-border transactions, particularly as inflation and currency instability impacted traditional fiat systems.
- Hedge Against Inflation: As global economies faced ongoing inflationary pressures, Bitcoin became a preferred asset for protecting wealth, especially for businesses looking to diversify holdings.
Climbing to $75K
The journey to $75,000 began with a series of positive developments in the cryptocurrency market. Following the approval of Bitcoin Spot ETFs and increased institutional buying, Bitcoin’s price steadily climbed. On November 7, 2024, Bitcoin reached approximately $76,999 before closing at around $75,820. This surge was fueled by a bullish market sentiment as investors reacted positively to the election results and anticipated regulatory clarity under Trump’s administration.
Breaking Through $80K
Following its initial surge to $75K, Bitcoin quickly surpassed the $80,000 mark on November 10, 2024. The momentum continued as traders rushed to capitalize on the positive sentiment surrounding the cryptocurrency. By this point, BTC was trading at approximately $80,976, reflecting an increase of nearly 9.64% from the previous day.
Approaching a New BTC All Time High at $90K
As of November 12, 2024, Bitcoin’s price soared to around $89,000. This represents a staggering increase within just a few days following the election and highlights the cryptocurrency’s volatility and potential for rapid gains. The combination of strong demand from both retail and institutional investors has driven BTC prices higher as they anticipate further growth.
How has the new ATH for BTC led to an increase in crypto payments?
We decided to analyse how the rise in the price of the main cryptocurrency – BTC affected the number of payments. NOWPayments team took the number of payments before the U.S. election and compared it with the data after the Trump has won. The result exceeded all expectations. Thanks to the growth of BTC from $72,729.89 to $90,750.94, the number of payments increased by as much as 8%. This significant change indicates the increased interest in cryptocurrency and the correlation of BTC price and cryptocurrency usage.
- Correlation Between BTC Price and Crypto Payments:
The 8% increase in the number of payments demonstrates a clear correlation between Bitcoin’s price growth and the rising adoption of cryptocurrency for transactions. As BTC’s value surged, so did user engagement with crypto payments.
- Increased Interest in Cryptocurrency:
The significant rise in payments highlights growing public and business interest in cryptocurrencies as a viable payment method, especially during moments of market optimism fueled by events like the U.S. election.
- Market Events Drive Crypto Adoption:
The post-election Bitcoin rally, combined with its ATH, underscores how political and economic events can directly impact crypto adoption, encouraging more users to explore cryptocurrency as both an investment and a practical payment tool.
About NOWPayments
NOWPayments is a leading crypto payment gateway providing easy and secure payment solutions for businesses around the world. With support for over 300 cryptocurrencies and features like auto coin conversion, donation widgets, and e-commerce plugins, NOWPayments offers flexible and robust payment tools for businesses of all sizes.
Press Release
Mizzle Partners with InFlux Technologies to Power DePIN Platform with Decentralized Cloud Infrastructure and Advanced Computing Resources
- Partnership to provide decentralized computing resources, enhancing platform scalability, security and high availability for distributed services
InFlux Technologies (Flux), a leading global decentralized technology company specializing in cloud infrastructure, artificial intelligence, and decentralized cloud computing services, today announced a partnership with Mizzle, a pioneering decentralized physical infrastructure network (DePIN) platform.
Under the partnership agreement, Flux will provide decentralized computing resources including CPU, GPU, storage and network capacity as required by Mizzle for its platform operations. This includes support for distributed applications and services, ensuring high availability, scalability and security. The agreement also includes monitoring and management of Mizzle’s infrastructure to ensure optimal performance along with maintenance and upgrades of the infrastructure as needed. Mizzle will work toward an estimated spend of $500,000-plus per year post-launch, with an estimated launch of January 2025.
“This partnership represents a key step in our commitment to delivering decentralized computing solutions at scale. By supplying Mizzle with essential resources, we are ensuring the platform’s ability to maintain high availability, scalability, and security. This agreement highlights the growing demand for decentralized infrastructure and demonstrates its practical applications in supporting distributed services,” said InFlux Technologies CEO and Co-founder, Daniel Keller.
Mizzle is a hyper-efficient CI/CDwith no-code development operations which simplifies server management allowing teams to innovate and scale without operational hurdles. Its confidential computing experience carries unmatched security with TEEs, eBPF and decentralized cloud compute, keeping data and operations fully protected. Mizzle has advanced storage and benefits from decentralized cloud storage enhanced with zero knowledge proofs and fully homomorphic encryption. The company is quantum ready with edge computing, is IoT-ready and committed to green computing.
Flux ensures a minimum uptime of 99.99% of decentralized infrastructure services, barring any outages or maintenance windows and offers technical support to integrate and manage the compute resources. Flux offers data security and compliance and complies with all relevant data and security regulations, ensuring the infrastructure is designed to meet regulation standards.
“We are excited to partner with InFlux Technologies, taking a key step toward advancing decentralized cloud solutions. By combining Mizzle’s technology with Flux’s expertise, we will drive greater value for enterprises and governments worldwide. Together, we are shaping the future of decentralized applications and empowering innovation across the ecosystem.,” said Founder of Mizzle Arjun Mishra.
About Mizzle
Mizzle is a DePIN platform designed to empower developers with no-code DevOps. We enable atomic and horizontal scaling of compute and storage, ensuring unparalleled flexibility and performance. Our platform combines advanced AI-driven infrastructure management with trusted execution environments (TEEs), leveraging eBPF technology for real-time protection and monitoring. We also incorporate state-of-the-art cryptographic techniques, including Fully Homomorphic Encryption and Zero-Knowledge Proofs, to guarantee maximum data privacy and security. As we move into the quantum era, with a strong commitment to Green computing (ESG), Mizzle is your trusted partner for scalable, secure, and efficient decentralized infrastructure.
For more information, visit the company’s website at www.mizzle.io.
About InFlux Technologies
InFlux Technologies (Flux) is powering a decentralized Web3 cloud infrastructure composed of user-operated, scalable, and globally distributed computational nodes. Flux provides the critical, high-availability infrastructure for the New Internet. The Flux service offers a fully decentralized alternative to some of the world’s largest cloud infrastructure providers while offering competitive pricing. Flux is committed to developing disruptive solutions that empower individuals and businesses in the blockchain industry, emerging technologies like AI, and the broader technology space worldwide.
For more information, visit the company’s website at www.runonflux.com.
Press Release
Digital Assets Underinsured: Report Identifies $19 Billion Coverage Deficit, Less Than 3% Secured
A recent report, Furthering Digital Assets 2024: Pioneering Insurance Solutions for the Web3 Era, highlights a substantial coverage gap in digital asset insurance, revealing that only 3% of digital assets are currently insured. This gap leaves billions at risk, with an estimated $19 billion in losses from fraud and security breaches since 2011.
The report emphasizes significant incidents that illustrate the vulnerability in the sector. These include a $650 million breach at Ronin in March 2022 and a $614 million loss from PolyNetwork in August 2021. As investments in digital assets increase, so does the call for comprehensive risk management solutions, particularly from institutional stakeholders.
With more than 90% of crypto hedge funds expressing a desire for mandatory insurance on exchange-based assets and around 40% of institutional investors now holding cryptocurrency, the demand for tailored insurance products is clear. Further Ventures, the report’s creator, points to a growing interest from institutions seeking ways to protect their digital assets through robust insurance policies.
The report also sheds light on recent regulatory responses. The Hong Kong Monetary Authority (HKMA), for example, has set mandates for digital asset custodians, requiring 50% insurance coverage on cold storage and 100% on hot wallets. Despite these initiatives, high premiums remain a challenge, with average rates around 0.5%-5% for custody insurance and 5-10% for slashing events and Directors & Officers (D&O) policies.
According to the report, addressing the insurance gap in the digital assets industry will likely require innovation in policy structure, more accessible premium rates, and a regulatory environment that supports the development of effective, comprehensive solutions. As the sector evolves, insurance options may play a critical role in fostering institutional confidence and broader adoption of digital assets.
Press Release
ADSS Trading Platform Deep Dive: Key Features for GCC Traders in 2024
The financial markets across the GCC region are evolving rapidly, creating unique opportunities and challenges for traders. ADSS, a prominent broker in the GCC, offers a trading platform designed to empower both professional and retail traders with the tools they need to navigate these markets effectively. This review will explore the ADSS platform in depth, highlighting the features, tools, and unique offerings that make it a compelling choice for GCC traders in 2024.
User Experience and Interface
A major factor in the success of any trading platform is the ease with which traders can navigate it. ADSS has invested in creating a user-friendly interface that balances simplicity with functionality. The platform’s layout is intuitive, allowing traders to access charts, trading tools, account information, and market insights with minimal clicks. This streamlined design helps traders stay focused on what matters: making informed trading decisions without unnecessary distractions.
In today’s fast-paced trading environment, accessibility across multiple devices is essential. The ADSS platform delivers a consistent experience on desktops, tablets, and smartphones, allowing traders to monitor positions and execute trades seamlessly from anywhere. This multi-device compatibility ensures that GCC traders have control over their portfolios, even when they’re on the go.
Key Trading Tools and Features
ADSS stands out for its robust charting tools, which are vital for technical traders who rely on precise analysis. The platform supports multiple timeframes, indicators like moving averages and Bollinger Bands, and even custom overlays for more advanced strategies. These features provide traders with the granular data needed to spot trends, analyze price action, and make well-informed trades.
The platform’s variety of order types allows traders to execute strategies with precision. ADSS supports essential order types like market, limit, and stop-loss orders, as well as advanced execution features that cater to high-frequency traders. The platform is designed for speed, which can be critical for GCC traders who often operate in highly volatile markets.
A standout feature of the ADSS platform is its market depth data, which provides insights into liquidity levels and bid-ask spreads. Real-time data and pricing updates keep traders informed of market conditions, which is invaluable for making timely decisions. This level of transparency in market depth is especially helpful for active traders looking to optimize entry and exit points.
Range of Tradable Instruments
ADSS offers a diverse range of tradable instruments, allowing GCC traders to diversify their portfolios. Available assets include CFDs on forex, commodities, indices, stocks, and cryptocurrencies. This wide selection is designed to meet the needs of traders who want to explore different markets and create balanced, multi-asset strategies.
In addition to global assets, ADSS places a special focus on instruments relevant to GCC traders, such as CFDs on crude oil, gold, and regional stock indices and currency pairs. This targeted selection caters to regional preferences and provides traders with opportunities aligned with the GCC economy. For example, the platform includes energy commodities like oil, a crucial asset in GCC trading due to the region’s reliance on oil production.
Risk Management and Trading Security Features
Managing risk is crucial in trading, and ADSS equips users with tools like stop-loss, take-profit orders, and margin alerts. These features allow traders to set predetermined thresholds, which can help mitigate losses during market volatility. For GCC traders, who might face rapid shifts in the financial landscape, these risk management tools provide a layer of protection.
Security is also a top priority for any trader, and ADSS has implemented robust protocols to protect user data and funds. Two-factor authentication, data encryption, and other advanced security features ensure that accounts are well-protected against unauthorized access. These measures are designed to give traders peace of mind, allowing them to focus fully on their strategies.
Account Types and Benefits for GCC Traders
ADSS offers three primary account types—Classic, Elite, and Pro. Each tier caters to a different level of trader, with benefits that align with specific trading needs. For instance, the Elite and Pro accounts come with reduced spreads, faster execution, and dedicated account management, making them appealing for high-volume or professional traders.
For GCC traders, ADSS offers incentives such as swap-free options and reduced spreads on popular instruments. These benefits provide cost savings and make trading more accessible, particularly for those focused on long-term positions or religious considerations.
Conclusion
ADSS has developed a comprehensive trading platform that will meet the needs of GCC traders in 2024. Its user-friendly interface, extensive trading tools, range of assets, and strong support system make it a valuable option for both new and experienced traders. While the platform shines in many areas, ADSS continues to evolve, adapting its offerings to align with the changing financial landscape in the GCC region.
For those interested in a platform that combines functionality, security, and regional relevance, ADSS is certainly worth exploring. To gain a deeper understanding of ADSS’s capabilities, read a detailed evaluation here and discover how it can fit into your trading journey.
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