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BexBack Launches 100x Leverage, 100% Deposit Bonus & No KYC to Empower Crypto Traders in Bitcoin's Volatile Market

BexBack Launches 100x Leverage, 100% Deposit Bonus & No KYC to Empower Crypto Traders in Bitcoin's Volatile Market

Business Upturn18 hours ago
SINGAPORE, Aug. 02, 2025 (GLOBE NEWSWIRE) — As Bitcoin continues to surge to new highs and the market enters a phase of high volatility, holding traditional spot positions may not be enough to generate short-term profits. With Bitcoin's price moving rapidly, traders are seeking more effective ways to capitalize on these fluctuations. In response to this market need, BexBack offers a powerful solution: 100x leverage on crypto futures trading, allowing traders to amplify their positions and maximize their profits from even the smallest market moves.
100x Leverage – Amplify Your Profits
With up to 100 times leverage, BexBack allows traders to open larger positions with smaller investments, turning minor price movements into substantial profits. This leverage mechanism enables seasoned investors to make the most of Bitcoin's volatility, maximizing returns and minimizing the need for large amounts of capital. A small price change can lead to huge potential profits, making high-leverage trading a popular choice for experienced investors looking to seize opportunities in today's turbulent market.
100% Deposit Bonus – Double Your Trading Power
To make trading even more rewarding, BexBack is offering a 100% deposit bonus . New users can double their deposits, giving them more capital to work with and increasing their potential trading power. Whether you're using leverage or trading with your original funds, the deposit bonus enhances your ability to generate greater returns.
No KYC – Quick and Easy Access
BexBack is committed to offering seamless and anonymous trading. With no KYC (Know Your Customer) required, users can start trading immediately without the hassle of lengthy identity verification processes. This allows traders to focus on what matters most—capturing opportunities in the fast-moving crypto market.
Why BexBack?
No KYC : Enjoy anonymous and fast trading without identity verification requirements.
: Enjoy anonymous and fast trading without identity verification requirements. 100x Leverage : Maximize your potential returns with up to 100 times leverage on crypto futures.
: Maximize your potential returns with up to 100 times leverage on crypto futures. 100% Deposit Bonus : Double your deposit and boost your trading capital with BexBack's exclusive offer.
: Double your deposit and boost your trading capital with BexBack's exclusive offer. Easy-to-Use Platform : Trade seamlessly via web or mobile, with a user-friendly interface that simplifies the trading process.
: Trade seamlessly via web or mobile, with a user-friendly interface that simplifies the trading process. Large Selection of Assets: BexBack supports over 50 cryptocurrencies for trading, giving you access to a wide range of market opportunities.
About BexBack?
BexBack is a top-tier cryptocurrency derivatives platform offering up to 100x leverage on BTC, ETH, ADA, SOL, XRP, and over 50 other futures contracts. Headquartered in Singapore, with additional offices in Hong Kong, Japan, the United States, the UK, and Argentina, BexBack is licensed as a US MSB (Money Services Business). Trusted by more than 500,000 traders globally, the platform welcomes users from the US, Canada, and Europe. BexBack offers zero deposit fees and provides comprehensive customer service available 24/7 to ensure an exceptional trading experience.
Take Action Now
The market is ripe for the taking, and with Bitcoin's high volatility, there's no better time to start using leverage to make the most of every market movement. With 100x leverage, no KYC, and a 100% deposit bonus , BexBack provides traders with the ideal environment to profit from Bitcoin's fluctuations and the broader crypto market.
Sign up on BexBack now , claim your exclusive bonus and start accumulating more BTC today!
Website: www.bexback.com
Contact: [email protected]
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Professor Coin: What Gives Bitcoin Its Value?
Professor Coin: What Gives Bitcoin Its Value?

Yahoo

time40 minutes ago

  • Yahoo

Professor Coin: What Gives Bitcoin Its Value?

Professor Andrew Urquhart is Professor of Finance and Financial Technology and Head of the Department of Finance at Birmingham Business School (BBS). This is the eighth installment of the Professor Coin column, in which I bring important insights from published academic literature on cryptocurrencies to the Decrypt readership. In this article, I discuss what gives Bitcoin value. In just over a decade, Bitcoin has gone from a niche innovation in cryptography to a globally traded asset with a market capitalization in the hundreds of billions. Yet despite its prominence, a persistent question remains: what gives Bitcoin its value? Bitcoin doesn't generate cash flow like a company, isn't backed by physical reserves like gold, and has no central authority guaranteeing its worth. So why are people willing to pay tens of thousands of dollars for a digital token? Recent academic research points to several factors. Scarcity and Monetary Policy The first pillar of Bitcoin's value is its programmed scarcity. Bitcoin has a fixed supply: only 21 million coins will ever be created. This limit is enforced by the network's consensus rules and is viewed by supporters as a bulwark against inflation. Academic studies have likened Bitcoin to gold because of this scarcity. Pagnotta and Buraschi (2018) model Bitcoin as a decentralized network whose value stems from user adoption and security, both of which are underpinned by the incentives embedded in its monetary policy. In their equilibrium framework, scarcity plays a key role in sustaining long-term value. Why is Bitcoin's supply limit set to 21 million? Scarcity makes Bitcoin attractive as a hedge against inflation, particularly in a world of expanding money supply. A number of economists have investigated whether Bitcoin's scarcity can explain its valuation with Kruger, Meyer, and Withagen (2022) showing the widely discussed stock-to-flow model fits historical data reasonably well, reaffirming the importance of scarcity as one component of Bitcoin's perceived value. Network Effects and Utility Scarcity is not sufficient without demand—and Bitcoin's demand comes from its use as a peer-to-peer digital asset and from the belief that others will accept it in the future. This is where network effects come into play. According to Cong, Li, and Wang (2021) Bitcoin's value grows with its user base. Their tokenomics model shows that the more people adopt and trust Bitcoin, the more valuable the network becomes. This dynamic helps explain why Bitcoin has survived multiple boom-and-bust cycles. Furthermore, Bolt and van Oordt (2016) argue that the value of a virtual currency arises if users expect it to retain value and be accepted in transactions. Their model formalizes how expectations of acceptance can stabilize a volatile asset like Bitcoin. Cost of Production and Network Security Bitcoin is also underpinned by a real-world cost: mining. To secure the network and process transactions, Bitcoin relies on a system called proof-of-work, where miners compete to solve cryptographic puzzles using electricity and hardware. This energy-intensive process is not without controversy, but researchers such as Hayes (2015) have shown that the cost of production provides a fundamental floor for Bitcoin's price. He finds that Bitcoin rarely trades below the marginal cost of mining, reinforcing the idea that energy and security provision matter for valuation. Moreover, the work of Pagnotta and Buraschi (2018) supports this by showing that mining incentives and the strength of the network's security are central to Bitcoin's equilibrium value, not just supply and demand in the traditional sense. Speculation, Sentiment, and Attention In practice, however, Bitcoin's price also reflects investor sentiment and speculation. A surge in media coverage or social media buzz can trigger price rallies or sharp selloffs. Studies by Urquhart (2018) and Shen et al (2019) demonstrate that Bitcoin prices are strongly correlated with online search trends and that trading volume in turn, drives investor attention. Similarly, Liu and Tsyvinski (2021) show that cryptocurrency returns are significantly predicted by investor attention proxies. Unlike traditional assets, Bitcoin lacks ties to macroeconomic fundamentals, so sentiment and belief play an outsized role. Macroeconomic Role and Portfolio Demand Bitcoin's value is also shaped by its role in the broader financial system. In a low-interest-rate environment and amid concerns about fiat currency debasement, investors have turned to Bitcoin as a non-sovereign store of value. This is demonstrated by early work by Baur et al (2018) who show that investors are holding Bitcoin for long periods, but is supported by followup work by Jahanshahloo et al (2025). Recent research has reassessed Bitcoin's role in portfolios, particularly in times of market stress. Corbet, Larkin, and Lucey (2020) find that Bitcoin behaves more like a speculative asset than a traditional safe haven, but it can act as a weak diversifier under certain market conditions. In a similar vein, Ji, Bouri, Lau, and Roubaud (2021) use time-varying spillover models and show that Bitcoin's hedging properties fluctuate significantly, with greater hedging effectiveness during tranquil periods rather than during crises. Professor Coin: Can Bitcoin Replace Gold? Conclusion: Value from Code, Community, and Belief Bitcoin's value emerges from a blend of engineering and economics: scarcity enforced by code, utility derived from decentralized consensus, and demand shaped by sentiment, costs, and macro conditions. It behaves like a commodity, a tech stock, and a speculative token—often all at once. That complexity is what makes Bitcoin both so fascinating and so difficult to value with traditional models. In the end, Bitcoin's worth is anchored not in what it does today, but in what its users believe it can become tomorrow. And as long as that belief persists—backed by utility, adoption, and incentives—the value may persist too. References Baur, D. G., Hong, K-H., Lee, A. D. (2018). Bitcoin: Medium of exchange or speculative assets? Journal of International Financial Markets, Institutions and Money, 54, 177-189. Bolt, W., & van Oordt, M. R. C. (2016). On the Value of Virtual Currencies. Journal of Financial Stability, 17, 81–91. Cong, L. W., Li, Y., & Wang, N. (2021). Tokenomics: Dynamic Adoption and Valuation. Review of Financial Studies, 34(3), 1105–1155. Corbet, S., Larkin, C., & Lucey, B. (2020). The contagion effects of the COVID-19 pandemic: Evidence from gold and cryptocurrencies. Finance Research Letters, 35, 101554. Hayes, A. (2015). A Cost of Production Model for Bitcoin. Telematics and Informatics, 34(7), 1308–1321. Jahanshahloo, H., Irresbeger, F., Urquhart, A. (2025). Bitcoin under the microscope. British Accounting Review, forthcoming. Ji, Q., Bouri, E., Lau, C. K. M., & Roubaud, D. (2021). Dynamic connectedness and integration in cryptocurrency markets. International Review of Financial Analysis, 74, 101670. Kruger, P., Meyer, C., & Withagen, P. (2022). Is Bitcoin's Stock-to-Flow Model Valid? Finance Research Letters, 48, 102956 Liu, Y., & Tsyvinski, A. (2018). Risks and Returns of Cryptocurrency. NBER Working Paper No. 24877. Pagnotta, E., & Buraschi, A. (2018). An Equilibrium Valuation of Bitcoin and Decentralized Network Assets. Review of Financial Studies, 31(9), 3498–3531. Shen, D., Urquhart, A., Wang, P. (2019). Does twitter predict Bitcoin? Economics Letters, 174, 118-122. Urquhart, A. (2018). What Causes the Attention of Bitcoin? Economics Letters, 166, 40-44. Sign in to access your portfolio

Expect the crypto rally to cool in August as new tariffs ratchet up macroeconomic concerns
Expect the crypto rally to cool in August as new tariffs ratchet up macroeconomic concerns

CNBC

time44 minutes ago

  • CNBC

Expect the crypto rally to cool in August as new tariffs ratchet up macroeconomic concerns

Institutional adoption of cryptocurrencies has been trouncing the macroeconomic narrative as the main performance driver for the past two months. Now investors should look for a reversal of that dynamic over the coming month, however. Ether stole the spotlight from bitcoin in July, roaring ahead more than 49% in the month, but bitcoin still managed an 8% gain and climbed to a new all-time high at mid-month. The price action in both coins was largely supported by inflows into ETFs – a steady stream of new investment dollars that continued in bitcoin ETFs and was coupled with a sudden explosion of flows into ether funds – as well as the new crop of crypto treasury companies focused on accumulating the coins. But after the broad sell-off in stocks and rally in bonds on Friday , following weak jobs data and President Donald Trump's new tariffs ranging between 10% and 41% , investors expect crypto to pull back in August with traders likely to dump their more highly speculative and volatile assets. "Bitcoin is caught between ETF-driven optimism and uncertainty around global trade tensions," said Ray Youssef, CEO of crypto app NoOnes. "It remains the risk benchmark, but it may trade in a tighter range unless a new macro catalyst emerges, such as another unexpected rate move or geopolitical shift … I expect August to be relatively muted in terms of price volatility, but deceptively active in terms of positioning." mountain 2025-07-01 Ether (ETH) and bitcoin (BTC) since July 1 Given how hot cryptocurrencies and stocks were in the second quarter, some investors see any pullback as a healthy and strategic cooldown rather than a reaction to a crisis. Especially in what has historically proven a weak trading month for many markets. Among crypto-related stocks, Coinbase gained 27% in the past two months, Galaxy Digital jumped 45%, and the bitcoin miner Iren surged 76%. As part of a rotation from bitcoin to ether-focused plays, ether treasury company Bitmine Immersion soared 136% and stablecoin stock Circle surged more than 400%. "Near term, I think bitcoin stays range-bound unless we get a big macro shift," Pauline Shangett, chief strategy officer at crypto exchange ChangeNOW, told CNBC. "ETH has more momentum thanks to ETF demand and whale activity , which could help it hold up better even in a choppy market," she said, referring to ether, and large investors who hold large positions in a particular asset. Ether ETFs saw more than $5 billion in inflows in July alone, bringing its total inflows to $9.64 to date. Bitcoin ETFs saw monthly inflows of about $6 billion in July, out of a cumulative $55 billion since their introduction. "We are taking advantage of this consolidation and playing for this highly compelling setup to reaccelerate and break out," Read Harvey, technical analyst at Wolfe Research, said in a note Wednesday. "For now, we're buyers of pullbacks in the space and expect reaccelerations in coming weeks, a development that should lead to further crypto outperformance vs. equities." Youssef at NoOnes expects bitcoin to trade between $114,000 and $120,000 for most of August, and find buying support whenever it trades between $103,000 and $109,000. If ether can hold above $3,750 per coin, bulls could push for a retest of $4,000 – a challenging psychological and technical level for traders since the 2021 bull market – with support between $3,200 and $2,900, according to Youssef. "The real wildcard is the September Fed meeting," Youssef said. "[Chair] Jerome Powell's remarks often create sharp, short-term volatility, and with geopolitical tensions rising, we could see sudden shifts in sentiment. Still, unless macro conditions deteriorate significantly, both BTC and ETH appear to be building momentum beneath the surface." —CNBC's Michael Bloom contributed reporting.

Solana's SOL Vs. Ripple's XRP: Which Crypto Is Better For Long-Term Investors?
Solana's SOL Vs. Ripple's XRP: Which Crypto Is Better For Long-Term Investors?

Forbes

time44 minutes ago

  • Forbes

Solana's SOL Vs. Ripple's XRP: Which Crypto Is Better For Long-Term Investors?

Solana's SOL and Ripple's XRP are very popular digital tokens. Both of these tokens have drawn the interest of investors around the world, and they have managed to become some of the most valuable digital assets by total market capitalization. Investors might consider putting their money into one, or both, of these cryptocurrencies, so this guide can help provide them with information they need to make well-informed decisions. Overview Of Solana's SOL And Ripple's XRP SOL is the native digital asset of Solana, a high-performance blockchain platform that developers can use to create apps. The platform is capable of handling impressive amounts of transactions, so interested parties can build all kinds of software programs on it. Solana has a unique proof-of-stake (POS) consensus mechanism that uses an innovation called proof-of-history (POH), which helps enable significant transaction volume. Another major draw of Solana is its low transaction fees. At the time of this writing, Solana's median fee per transaction was $0.00064, which was far lower than Ethereum's median fee of roughly $0.51. XRP is the native digital asset of a blockchain called the XRP ledger, which can settle transactions in a time frame of three to five seconds. XRP can function as a bridge currency, meaning that it can be used to exchange one fiat currency for another without relying on a centralized intermediary like a financial institution or bank. Ripple has generated significant visibility over the years, and its digital asset, XRP, has repeatedly ranked as one of the most valuable digital currencies by total market capitalization, according to CoinMarketCap. One major draw of XRP is its low transaction fees; the token can settle transactions for $0.0002 each. Understanding The Technology Behind SOL And XRP Solana uses a POS consensus mechanism that relies on POH, in which the system provides each individual block with a timestamp. This unique innovation has provided the Solana network with high bandwidth and very low transaction costs. The platform processes thousands of transactions per second. Ripple relies on a blockchain called the XRP Ledger, which records all transactions involving XRP. The ledger has its own unique consensus mechanism called the XRP Ledger Consensus Protocol, which is capable of approving transactions even if some participants do not act appropriately. Solana can process thousands of transactions per second, due to its unique POS consensus mechanism that relies on POH. At the time of this writing, the network was processing roughly 3,750 transactions per second, according to the Solana homepage. Ripple, on the other hand, can process 1,500 transactions per second. Both Solana and Ripple use smart contracts, although they are used for different purposes. Solana is a platform for decentralized applications or dApps, and its smart contracts are called 'programs.' Users can harness these contracts by executing transactions that contain instructions telling them what to do. Ripple smart contracts are different in that they allow participants to make transactions without a centralized intermediary. Ripple smart contracts work by holding funds in conditionally held escrows. Once the needed conditions are met, the escrows release the relevant funds. Asset Adoption There is more than one way of measuring a digital asset's adoption, with one of those being transaction volume. As mentioned, the Solana network can process roughly 3,750 transactions per second. Figures for XRP transactions on the Ripple network came with a monthly cadence, and the network processed more than 10 billion XRP transactions every month between July 2024 and July 2027, according to XRPSCAN figures from The Block. If one wants to evaluate SOL and XRP as speculative assets, they can look at the total market capitalization of these digital currencies. At the time of this writing, XRP was the third-largest cryptocurrency by total market capitalization, according to CoinMarketCap. Solana's SOL was the sixth-largest by this particular measure. Market Performance And Future Outlook The XRP token has gone from being worth $0.01 in late 2013 to roughly $3.21 at the time of this writing, according to CoinMarketCap. This represents an increase of roughly 32,000%. There are many predictions involving the XRP cryptocurrency. One such prediction, which appeared on the Binance website, indicated that the digital token would be worth close to $4 by 2030. The page displaying this prediction stated that the exact figures contained were formulated based on the input of verified Binance users and third parties. The SOL token has also displayed some very impressive returns over the years, going from roughly $0.66 in April 2020 to approximately $187.00 at the time of this writing, according to CoinMarketCap. This represented a gain of more than 28,000%. Some analysts have predicted that under certain conditions, the SOL token could surpass $1,000 by 2030, according to a Benzinga article. More specifically, this price forecast is based on Solana's ability to scale successfully while avoiding security issues. However, other market observers are less bullish, voicing their concerns about Solana's repeated network failures and competition from rival platforms like Ethereum. Regulatory Challenges And Risks The regulatory environment is still far from mature, and this creates uncertainty for both SOL and XRP. In July 2025, the crypto community lauded the approval of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), the first piece of federal legislation specifically written for cryptocurrencies. However, policymakers have a long way to go, as U.S. lawmakers were considering both the CLARITY Act and the Anti-CBDC Surveillance State Act at the time of this writing. As of now, the extent to which the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have jurisdiction over digital currencies has not been clarified. More specifically, the CFTC has asserted that it has jurisdiction over virtual currencies under the Commodity Exchange Act, a claim that has been upheld in federal court. However, the SEC has previously taken action against those involved with certain digital currencies. The CLARITY Act is meant to shed some light on exactly where the jurisdiction of these two government agencies lies. In 2023, the SEC filed a lawsuit against Coinbase and in which it claimed that SOL was an unregistered security, according to CoinDesk. The Solana Foundation, a nonprofit whose website describes it as being 'dedicated to the decentralization, adoption, and security of the Solana ecosystem,' disagreed with this assertion, claiming that SOL is not a security. The regulatory status of XRP is complicated. In 2023, a federal judge ruled that Ripple's sales of XRP to institutions did in fact represent sales of unregistered securities. However, the same judge decided that Ripple's sales of XRP through exchanges did not represent sales of securities. At the time, the judge fined Ripple $125 million, according to CoinDesk. While Ripple had previously stated that it planned to appeal, CEO Brad Garlinghouse stated in June 2025 that 'Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they've previously said.' This should leave the current ruling, along with the $125 million fine, in place. Real-World Use Cases XRP is meant to provide liquidity for those looking to send money from one place to another. A good use case for these is remittances, where an individual might send money to their relatives overseas. By using XRP, a user can make a cross-border payment that will settle quite quickly. The XRP token can also be used as a bridge currency, making it so that parties can make a transaction using two different fiat currencies without going through a centralized intermediary like a financial institution. The XRP token is also used to pay for transactions that take place on the XRP ledger. SOL has many use cases. For starters, it is the native digital asset of the Solana network, and as a result, users harness it to pay the network's transaction fees. Some of these rewards then go to validators. Another use case of SOL is staking. Users can stake their SOL in order to contribute to the security of the network and also earn rewards by doing so. Past that, holders of SOL can use the token to vote on potential network upgrades. Investment Potential Both SOL and XRP have experienced some very impressive upside during their lifetimes. Past that, analysts have made some very bullish predictions about how much the two digital tokens could appreciate. As stated earlier in this article, one prediction contained on the Binance website indicated that XRP could be worth over $4 by 2030. A separate panel of experts, whose input was featured in a Benzinga article, stated that XRP could reach $5.81 this year. Analysts have also supplied bullish predictions for SOL, with market observers stating in a Binance article that it could surpass $180 this year and $230 by 2030. Which Is Better For Long-Term Investors? Investors should keep in mind that both XRP and SOL are speculative assets. They are not like stocks, which represent ownership rights in companies that generate revenue and earnings. They also don't make regular interest payments like many bonds. In other words, interested parties cannot perform fundamental analysis on XRP and SOL the same way they would analyze shares of stock (or bonds). Nobody knows what the future will hold. However, investors may want to keep in mind that SOL is the native digital asset of the Solana blockchain, which has benefited from significant activity over the years. In 2024, more than 80% of decentralized exchange (DEX) transactions took place on the Solana network, according to a Helius report. Further, during the first five months of this year, close to $900 billion' worth of DEX trading volume took place on this network. Ripple, on the other hand, has been relevant for over a decade. Ripple first came into existence in 2012, and its native token has therefore been around longer than Solana's SOL, as Solana first became available to the public in 2020. Ripple's XRP also benefits from a robust community, which has some very enthusiastic supporters. The engagement this token receives on platforms like X (formerly Twitter) is a testament to how much support it has. Bottom Line Investors considering XRP and SOL need to remember that while these two have both generated significant visibility and some very compelling gains over the years, they are both speculative assets that do not produce income, revenue or earnings. Risk is inherent to investment, and it is difficult to reliably predict how these digital assets will perform in the future. At the same time, investors should remember that if the entire crypto space continues to draw investment and rise in value, SOL and XRP could both continue to appreciate. Frequently Asked Questions (FAQs) Which Has A Higher ChanceOof Mass Adoption, SOL or XRP? Nobody knows for certain what the future will hold. However, if the future mirrors what has happened in the past, Solana's SOL has a better chance of obtaining mass adoption, considering how much traction it has generated during its relatively brief lifespan. Is SOLOor XRP Better For Short-term Trading? Short-term cryptocurrency trading is highly risky and subject to market manipulation, and it would be difficult to name one of these digital assets as better for this particular purpose. Any investors who are considering such activity should perform thorough due diligence. What Are The Biggest Risks For Investing In SOL? SOL is a purely speculative asset, and its price is driven by factors like hype and sentiment. Many have described Solana as an 'Ethereum killer,' and its native token SOL could potentially fall in value if competitor platforms rise in popularity. What Are The Biggest Risks For investing In XRP? XRP is a purely speculative asset, and its price fluctuations are driven by hope and sentiment. The XRP token has generated significant visibility as the native token of the XRP Ledger, and if one or more competitors take the market position of this blockchain, it could cause the XRP token to lose favor and fall in value. Is It A Good Idea To Hold Both SOL and XRP? While diversification, or not putting all your eggs in one basket, is always a good idea, there are many ways to establish a diverse portfolio of digital assets without owning both SOL and XRP. There are thousands of digital assets available, and if investors are considering any of them, they can benefit from conducting thorough due diligence.

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