Latest news with #SergeyNazarov
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin hovers near record high as investors flock to crypto safe haven amid geopolitical uncertainty
Bitcoin's rally is rolling on, with its price sitting near a record high as investors are piling into the cryptocurrency amid a storm of global economic uncertainty, a downgrade of U.S. debt and growing confidence in the forthcoming regulation of digital assets. At the heart of this surge are several powerful catalysts, according to analysts and executives gathered at this year's Solana Accelerate Conference. Among the top reasons for the rally: bitcoin's rising status as a safe haven asset, mounting geopolitical instability and a wave of institutional adoption. "Bitcoin is starting to behave as a safe haven asset, and there's more and more instability in the world," said Chainlink co-founder Sergey Nazarov. "For the first time now, it's starting to get decoupled from tech stocks. So, if you wanted to choose a second safe haven asset after gold, bitcoin would now be a logical choice." Johann Kerbrat, senior vice president of Robinhood Crypto, echoed this sentiment, telling FOX Business that "people see bitcoin as a reserve as well. And so, when there is a bit of instability in the market or in the globe, they actually use bitcoin as a reserve currency." Adding fuel to the rally: optimism that meaningful crypto legislation is finally within reach. Momentum is building in Congress, with both chambers considering key regulatory frameworks for stablecoins – digital currencies pegged to traditional assets like the U.S. dollar – and market structure bills that would define how digital assets are traded and held. Read On The Fox Business App Jpmorgan Ceo Jamie Dimon Clears Bitcoin For Bank "I think in 10 days we will have it completed and through the Senate," Sen. Bill Hagerty, R-Tenn., said last week, referring to the GENIUS Act – short for "Guiding and Establishing National Innovation for U.S. Stablecoins." Rep. French Hill, R-Ark., a leading voice in House crypto policy, told FOX Business, "We have no rules on this. And so these are significant, because if we have rules about a payment stablecoin and a market structure bill... then money will come back to the U.S., innovation will come to the U.S., and we'll be the No. 1 fintech digital assets country in the world. That's what I want to do." Hill also emphasized the urgency and strategic importance of moving forward before lawmakers break for the summer. "We're looking forward to the Senate passing the GENIUS Act, seeing what it contains, how it's structured, and how we can work together to get to the president's desk a dollar-backed stablecoin before the August recess," he said. Kristen Smith, president of the Solana Policy Institute, added that support for crypto policy is cutting across party lines. "It's a bipartisan issue," Smith said. This isn't something that only Republicans or only Democrats care about. This is really an American issue. And I think that that is starting to translate into the markets with some comfort that our economy is stabilizing, that the policies are coming into place, and that this is an opportunity for growth in the crypto industry from here going forward." Us Solidifying Itself As Bitcoin Mining Hub Cryptocurrency has also made its way to the top levels of the Trump administration, with Vice President JD Vance heading to Las Vegas to deliver the keynote address at this year's Bitcoin Conference on Wednesday. Further highlighting the mainstreaming of crypto, a dozen U.S. bitcoin exchange-traded funds (ETFs) have attracted robust inflows, with investors pumping in about $4.2 billion so far in May. This surge in institutional interest marks a major shift in how traditional investors approach digital assets, viewing them less as speculative bets and more as components of diversified portfolios. Meanwhile, The Wall Street Journal reports that major U.S. banks are exploring partnerships with crypto firms to issue a joint stablecoin. The move comes amid growing concerns that private sector stablecoins could start to siphon off customer deposits and reshape how money moves across the financial system. "I think the banks want to be part of that payment space," Hill added. "Banks have moved to real-time payments now… I think you can also predict in the future that we'll have 24-hour-a-day, seven-day-a-week, tokenized transactions in securities or in payments." With the global financial system in flux, regulatory clarity on the horizon and institutional investors entering the fold, bitcoin's breakout could be just the beginning of a broader transformation of how value is stored and moved. Whether bitcoin becomes the digital gold of the 21st century or something altogether different remains to be seen. But one thing is clear: the crypto world is no longer on the fringe – it's front and article source: Bitcoin hovers near record high as investors flock to crypto safe haven amid geopolitical uncertainty
Yahoo
20-05-2025
- Business
- Yahoo
World Liberty's Stablecoin Now Available on Multiple Networks Via Chainlink
World Liberty Financial's USD1 stablecoin is now operable across multiple blockchains through an integration with Chainlink's Cross-Chain Interoperability Protocol (CCIP), the companies announced Friday. That's according to World Liberty Financial's team, Chainlink co-founder Sergey Nazarov, and the son of U.S. President Donald Trump, Eric Trump, who announced the cross-chain capabilities at Consensus 2025. USD1, a U.S. dollar-backed stablecoin launched by the decentralized finance protocol inspired by Trump, has seen significant growth since its debut, reaching $2 billion in market capitalization. The stablecoin was used to close MGX's $2 billion investment in Binance. It still trails behind industry leaders Tether and Circle, whose leading stablecoins have a $151 billion and $60.6 billion market cap, respectively. The token is backed by short-term U.S. Treasuries and fiat reserves held by BitGo Trust. The stablecoin was for now largely siloed within single blockchain ecosystems, yet the CCIP integration will allow it to move freely across blockchains. Ethereum and BNB Chain are the first blockchains being integrated, though additional blockchain support is expected in the future. The integration, the firms say, tackles a long-standing hurdle in the stablecoin market: cross-chain security. Historically, vulnerabilities in cross-chain bridges have cost users nearly $3 billion, they added. 'Chainlink's battle-tested infrastructure delivers the institutional-grade security and extensive reach needed to deliver USD1 into the hands of millions across a growing number of active, on-chain ecosystems,' said Zach Witkoff, co-founder of World Liberty Financial. "Chainlink is absolutely critical to merging traditional finance and decentralized finance, which has been our mission at World Liberty Financial ever since the start," said World Liberty co-founder Zak Folkman. "We don't see a world where DeFi exists in its own ecosystem and traditional finance carries on but we believe in a very short amount of time that they will, in fact, merge and just be the future of finance. So to that end, World Liberty Financial, our USD1 token is now bridgeable across chain thanks to the incredible people at CCIP which have enabled this cross chain compatibility, currently." The collaboration builds on an earlier integration where Chainlink's price oracles were used to support World Liberty's deployment of an Aave v3 instance.
Yahoo
19-03-2025
- Business
- Yahoo
4 Potentially Undervalued Cryptocurrencies To Buy in 2025
Most people are familiar with famous cryptocurrencies like bitcoin, ethereum or even dogecoin, but the crypto-verse has thousands of other options. With many coins available in the market, it is natural to get confused about which to invest in. Find Out: Trending Now: While there is always risk in investing in crypto — whether it's a single coin or splitting your investment into multiple digital currencies — you can reduce the risk and hopefully maximize profits by identifying undervalued options. The four cryptocurrencies below barely make it to the media, but they have long-term potential as good investments at their current prices. This might be the next crypto to explode, as it looks like AI-powered trading is here to stay. Though staking rewards and strong presale momentum, Dawgz AI provides a solid investment for the future as it's a rising star among meme coins. In 2025, Dawgz AI offers a chance to make a considerable profit while having a little fun. With artificial intelligence being combined with blockchain technology, Dawgz AI is well placed to be ahead of the pack. It operates 24/7 to optimize investment returns and seamlessly combines meme culture with the tangible results of investment benefits. There are also staking rewards, as ETH holders can earn a passive income stream through staking. For You: Chainlink was co-founded in 2014 by Sergey Nazarov and Steve Ellis, both of whom had previous experience with decentralized systems. The network is among the first to connect to off-platform sources to integrate data into smart contracts. Initially used to aggregate cryptocurrency price data for apps like Aave, the platform now provides data verification services for organizations that include AccuWeather, Federal Express and the Associated Press, according to CoinMarketCap. Despite precipitous drops in price and market capitalization since last spring, Chainlink is something of a moat in terms of its early entry into the smart contracts space and wide adoption since then. Chainlink is a dominant force in a growing market. In August 2018, the platform Hedera Hashgraph raised funds through an initial coin offering for Hedera, its token coin, and in September 2019, it opened wide access to its main net for the first time. Hashgraph is an alternative to blockchain that uses a technology called Directed Acyclic Graph. Rather than rely on mining to verify transactions, Hashgraph nodes communicate with each other to share data about the network's transaction history — comparing notes, if you will — to achieve consensus. Hashgraph claims to be able to process more than 10,000 transactions per second, compared to 5 to 20 by the most prominent proof-of-work blockchains. Transactions have transaction fees ranging from $0.0001 to $1, depending on the transaction type, and they are usually complete within five seconds. Thanks to Hashgraph's robust technology, it can outperform many blockchain-based alternatives in numerous crucial aspects, including speed, cost and scalability. This non-conventional technology makes Hedera unique from other undervalued cryptocurrencies. PancakeSwap is the most-used decentralized platform thus far on the platform. It's an automated market-making platform where users can exchange cryptocurrency and stake their tokens for a fee. To do that, users deposit funds into a liquidity pool and receive special tokens, called liquidity tokens, in return. Liquidity tokens can be used in several ways, including as liquidity deposits that earn cake, the native token on PancakeSwap. Cake holders can then use their cake tokens to earn more tokens or enter lotteries. PancakeSwap allows investors to invest in the future of the network and increase their returns, but it all comes with inevitable risks. Trade volumes can give you insight into how a cryptocurrency might perform. Increasing volume usually indicates a higher degree of liquidity, meaning there are plenty of buyers for the coin's owners wanting to sell. That trend often correlates with increasing prices. Conversely, falling volume might mean that buyer demand is low, which could leave sellers chasing buyers offering lower and lower prices — driving prices down in the process. Trading volume is only one factor analysts use to come up with crypto predictions. They also consider fundamental factors such as economic conditions, usefulness and viability of the coins, and the companies behind them, as well as sentiment among traders and others who influence markets. However, coins that declined in value simply because of economic conditions and negative sentiment — and not because of a lack of utility or fundamental weaknesses within their projects — could be seriously undervalued right now. The challenge is knowing the difference at a time when nearly all cryptocurrencies are trading for a fraction of what they were worth 14 months ago. How do you find undervalued cryptos? To determine whether a cryptocurrency might be undervalued, research the following factors: Look for the founders of the particular technology behind the crypto coin. Search for the market that deals in the specific cryptocurrency. Check out the companies partnering with the cryptocurrency. Finally, look out for the price pattern history of the crypto coin. The opportunities to invest in the crypto world are increasing day by day, and you can make the best of them by doing your homework and investing only as much as you can afford to lose. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates Walgreens and CVS Are Closing Nearly 1,000 Stores in 2025: 4 Alternatives If Your Local Store Closes Warren Buffett: 10 Things Poor People Waste Money On 10 Cars That Outlast the Average VehicleThis article originally appeared on 4 Potentially Undervalued Cryptocurrencies To Buy in 2025 Sign in to access your portfolio
Bloomberg
18-03-2025
- Business
- Bloomberg
Chainlink's Nazarov on White House Crypto Summit
After attending the White House Digital Summit, Chainlink Co-founder Sergey Nazarov says the Trump administration is committed to ensuring that the crypto industry will no longer be persecuted and be allowed to properly develop. He speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto." (Source: Bloomberg)
Bloomberg
18-03-2025
- Business
- Bloomberg
Bloomberg Crypto 03/18/2025
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Ark Invest CEO and CIO Cathie Wood, Chainlink Co-Founder Sergey Nazarov, T. Rowe Price Head of Digital Assets Blue Macellari, Sol Strategies President and CEO Leah Wald, and Kraken Senior Advisor Marco Santori. (Source: Bloomberg)
