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Blockchain Press Releases

Uber selects Valid’s eSIM technology for its connected services worldwide

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MADRID, June 29, 2023 /PRNewswire/ — Uber, the tech giant that helps connect the physical and digital worlds to move people and things at the tap of a button in 10,000+ cities worldwide has adopted Valid’s mioSIM eSIM to deploy their UberSIM technology solution.

 

Valid’s mioSIM eSIM is integrated with ConnectedYou’s unique connectivity orchestration platform that also includes Valid’s Remote SIM Provisioning software enabling multi-carrier connectivity management globally for Uber across all mobile operators in the UberSIM ecosystem.

The UberSIM solution enables Uber’s various IoT use cases to stay seamlessly connected to the service while Uber’s ecosystem benefits from the flexibility created by this architecture for availing best costs and quality.

Compliant with GSMA latest specifications, Valid’s state-of-the-art eSIM technology empowers our customers with an interoperable and efficient solution to simplify their supply chain for connectivity access and, regardless of device location, remotely manage or change connectivity subscriptions directly from a fast and highly secure service.

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Uber’s goal with the UberSIM product has been to create unmatched connected experience and quality of service by delivering seamless connectivity for all of Uber’s IoT deployments worldwide. Through this solution, Uber is able to handle a single global UberSIM SKU which dramatically simplifies their operations across the 70+ countries.

“With access to millions of connected devices, we needed a one-stop-shop business model to deal with remote updates and streamline connectivity of the devices around the world in a simple way. Valid’s solution gave us a way to simplify our operations and provide security to our connected devices while doing so.” said Rahul Vijay, at Uber.

“Our expertise in providing eSIM interoperable solutions gave us enough background to be able to set-up, test and provide the service in record-time, while accommodating Uber specific requirements. Working with giants like Uber and with agile connectivity services providers like ConnectedYou perfectly illustrates Valid’s eSIM customer centric strategy which aims to support our customers to provide an improved digital journey during the eSIM implementation, building a bridge between the connectivity providers and the OEMs. ” said Salvador Cabrera, COO of Valid Mobile at Valid. 

About Uber

Uber is a tech company that connects the physical and digital worlds to help make movement happen at the tap of a button.

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The idea for Uber was born on a snowy night in Paris in 2008, and ever since then its DNA of reimagination and reinvention carries on. Uber has grown into a global platform powering flexible earnings and the movement of people and things in ever expanding ways. It has gone from connecting rides on 4 wheels to 2 wheels to 18-wheel freight deliveries. From takeout meals to daily essentials to prescription drugs to just about anything you need at any time and earning your way. From drivers with background checks to real-time verification, safety is a top priority every single day. At Uber, the pursuit of reimagination is never finished, never stops, and is always just beginning.

About Valid

Valid (B³: VLID3 – ON) provides tailored solutions that integrate emerging technologies to enable secure, trusted experiences. From Data, Payments, Identity, and Mobile to IoT, Track and Trace, Digital Certification, and Agritech, Valid offers a wide portfolio of services and solutions that accelerate the digital transformation of our clients’ business. With over 60 years of experience and more than 4,000 employees in 16 countries, Valid is the largest issuer of identification documents in Brazil, among the top 5 producers of SIM cards and the world’s largest manufacturers of banking cards. To learn more, visit www.valid.com.

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Blockchain Press Releases

BingX Welcomes DeepLink Protocol to Launchpool, Offering 6,666,667 DLC Tokens for Staking

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PANAMA CITY, March 12, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, introduced DeepLink Protocol ($DLC) to its Launchpool, offering its users access to decentralized cloud gaming experience powered by AI and blockchain technology. The staking pools will open from March 14th for 4 days with a total allocation of  6,666,667 DLC tokens. This collaboration aims to accelerate the growth of the web3 gaming ecosystem by supporting the AI, DePIN and decentralized computing industry with cloud-based infrastructure.

Designed for applications like cloud esports, AAA gaming, and remote gaming setups, DeepLink Protocol is transforming cloud gaming on any device by integrating AI Agents, DePIN, decentralized GPU computing, and ultra-low latency cloud rendering into a seamless ecosystem. Supporting 8K visuals and a 1-millisecond response time, it delivers a seamless experience for over 2.7 million users across 120 countries.

Bringing DeepLink Protocol to BingX Launchpool enhances the platform’s value proposition by introducing a new dimension of blockchain-powered gaming. This integration enables BingX users to benefit from DeepLink’s innovative ecosystem at no cost while reinforcing the platform’s position at the forefront of Web3 advancements.

“At BingX, we are committed to connecting our users with the most promising innovations in the Web3 space,” said Vivien Lin, Chief Product Officer of BingX. “DeepLink Protocol represents a game-changing evolution. Through this Launchpool, we empower our users to access and benefit from emerging blockchain ecosystems while reinforcing BingX as a gateway to the future of decentralized applications.”

This Launchpool event gives users the opportunity to easily engage with DeepLink Protocol before its spot trading goes live. This new integration provides early access to innovative blockchain projects while reinforcing BingX’s commitment to bridging decentralized technology with real-world applications.

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About BingX 

Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

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Blocks & Headlines: Today in Blockchain – March 11, 2025: Utah Legislature, Pakistan, Women Leaders, JPMorgan, XRPTurbo, Ripple XRP

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In a digital era where decentralization and disruptive technologies are reshaping the global financial ecosystem, blockchain and cryptocurrency remain at the forefront of innovation and regulatory debate. Today’s briefing, “Blocks & Headlines: Today in Blockchain – March 11, 2025,” brings you an in-depth analysis of the latest developments that are stirring the industry. From groundbreaking legislative moves in Utah and ambitious blockchain projects in Pakistan, to celebrating the trailblazing leadership of women in blockchain and AI, and transformative investments by financial giants like JPMorgan, the news is rich with insights that will determine the future of digital assets. Rounding out the day’s highlights is XRPTurbo—a project on a mission to redefine presale dynamics on the Ripple XRP blockchain.

This comprehensive daily briefing examines each story in detail, offering both factual coverage and op-ed–style commentary on their significance for blockchain, cryptocurrency, Web3, DeFi, and NFTs. Whether you’re a seasoned investor, a tech enthusiast, or a policymaker, understanding these narratives is critical to navigating the evolving landscape. In the sections that follow, we delve into the specifics of each development, explore the broader implications for the industry, and discuss what these trends mean for the future of decentralized finance and digital innovation.


1. Utah Legislature Passes Blockchain Bill – A New Regulatory Milestone

In a decisive move that could reshape the legal landscape for digital assets, the Utah Legislature recently passed a blockchain bill that notably drops a previously contentious Bitcoin reserve provision. This legislative shift, reported by Source: Decrypt, signals a growing acceptance of blockchain technology in government circles and may serve as a catalyst for further innovation in the cryptocurrency space.

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1.1 Legislative Evolution and Its Impact on Crypto Regulation

Utah’s new blockchain bill represents a significant policy realignment. Previously, the inclusion of a Bitcoin reserve provision in legislative drafts had raised concerns about the potential for overregulation and market distortion. By eliminating this clause, lawmakers are sending a clear message: they intend to foster an environment that encourages blockchain innovation without unnecessary regulatory constraints.

This legislative pivot has multiple implications:

  • Regulatory Clarity: By removing the Bitcoin reserve provision, Utah is clarifying its stance on digital assets, thereby reducing legal uncertainty for businesses operating in the blockchain space.
  • Innovation Incentives: A lighter regulatory touch can attract startups and established crypto firms alike, stimulating investment and innovation within the state.
  • Market Confidence: Investors often view regulatory clarity as a positive signal. With fewer ambiguities in the legal framework, market participants may feel more secure in deploying capital and pursuing new ventures.

The decision by Utah lawmakers is not just a local policy update; it is part of a broader trend in which states and nations are increasingly recognizing the importance of blockchain technology. As more jurisdictions craft legislation that balances innovation with necessary oversight, the industry is likely to see a proliferation of policies that support growth while safeguarding consumer interests.

1.2 The Role of Blockchain Legislation in Shaping Future Markets

The removal of the Bitcoin reserve provision is a testament to the evolving regulatory mindset. Lawmakers are beginning to understand that overly rigid policies can stifle the very innovation that blockchain technology promises. This shift is expected to have several downstream effects:

  • Encouraging Public–Private Partnerships: With a clearer regulatory framework, both public institutions and private companies may be more willing to collaborate on blockchain projects.
  • Catalyzing Investment: Investors may view Utah as a “crypto-friendly” jurisdiction, leading to increased capital inflows and the establishment of innovation hubs.
  • Setting Precedents: As other states and countries observe Utah’s progressive approach, similar legislative measures could be adopted elsewhere, gradually harmonizing global standards for blockchain regulation.

1.3 Strategic Commentary

From an op-ed perspective, the Utah Legislature’s decision is a forward-thinking maneuver that balances oversight with innovation. It reflects an understanding that blockchain technology, with its decentralized architecture and transparency, offers immense potential for economic growth and efficiency. By removing the restrictive Bitcoin reserve provision, Utah is not only paving the way for a more dynamic crypto market but also establishing itself as a model for other jurisdictions to follow.

This development should encourage other policymakers to reassess outdated regulatory frameworks that may hinder technological progress. As blockchain technology continues to mature, the interplay between regulation and innovation will be critical. Utah’s new bill is a strong reminder that regulatory environments must evolve alongside technology to unlock the full potential of digital assets.

Source: Decrypt

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2. Pakistan Explores Blockchain for Multibillion-Dollar Remittances

In another transformative move, Pakistan is set to explore blockchain technology to facilitate multibillion-dollar remittances from abroad, as reported by Source: CoinDesk. This initiative represents a strategic effort to modernize the country’s financial infrastructure and tap into the enormous potential of decentralized finance.

2.1 Revolutionizing Cross-Border Payments with Blockchain

Remittances have long been a cornerstone of Pakistan’s economy, with millions of dollars sent home by expatriates each year. Traditional remittance systems, however, are often plagued by high fees, slow transaction times, and a lack of transparency. By leveraging blockchain technology, Pakistan aims to overcome these limitations and create a more efficient, cost-effective, and transparent remittance system.

Key benefits of blockchain in remittance include:

  • Cost Reduction: Blockchain’s decentralized network minimizes the need for intermediaries, thereby reducing transaction fees.
  • Speed and Efficiency: Transactions can be processed in near real time, compared to the several days often required by traditional systems.
  • Enhanced Transparency: The immutable ledger ensures that all transactions are recorded and verifiable, reducing the risk of fraud and corruption.
  • Financial Inclusion: Improved remittance systems can provide greater access to financial services for underserved populations, driving economic empowerment.

2.2 Strategic Considerations and Economic Impact

Pakistan’s exploration of blockchain for remittances is not just a technological upgrade—it is a strategic initiative with far-reaching economic implications. With billions of dollars in remittances flowing into the country, even small improvements in efficiency and cost reduction can translate into significant economic benefits. By reducing transaction fees and speeding up transfers, more money remains in the hands of families, potentially boosting local consumption and investment.

Furthermore, the adoption of blockchain in the remittance sector could position Pakistan as a regional leader in financial technology innovation. This initiative may inspire neighboring countries to pursue similar strategies, fostering a broader ecosystem of blockchain-based financial solutions in the region.

2.3 Strategic Commentary

From an analytical perspective, Pakistan’s move to integrate blockchain into its remittance system is a bold step towards financial modernization. In an era where digital transformation is essential for economic growth, embracing blockchain technology is not merely an option—it is a necessity. This initiative highlights the potential for blockchain to transform traditional financial systems by increasing efficiency, reducing costs, and enhancing transparency.

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For policymakers and financial institutions worldwide, Pakistan’s experiment serves as a valuable case study in the practical application of blockchain for public benefit. It demonstrates that when technology is harnessed thoughtfully, it can address longstanding inefficiencies and unlock new avenues for economic development.

Source: CoinDesk


3. Celebrating Women Pioneering AI & Blockchain Leadership

In a refreshing and empowering narrative, Forbes recently spotlighted “10 Women Pioneering AI & Blockchain Leadership” in honor of Women’s History Month. This feature celebrates the achievements of female leaders who are breaking barriers and driving innovation in the intersection of artificial intelligence and blockchain technology.

3.1 Recognizing Trailblazing Leaders in a Male-Dominated Industry

For decades, the fields of blockchain and AI have been dominated by male voices. However, a growing number of women are making significant strides and reshaping the industry through visionary leadership, technical innovation, and entrepreneurial spirit. The Forbes feature highlights how these trailblazers are not only contributing to technological advancements but also inspiring a more inclusive and diverse ecosystem.

Key aspects of their contributions include:

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  • Innovative Solutions: These leaders are developing groundbreaking applications that leverage blockchain and AI to solve real-world problems.
  • Mentorship and Advocacy: Beyond their technical achievements, many of these women are actively involved in mentoring the next generation of innovators and advocating for greater diversity within the industry.
  • Strategic Vision: Their work is characterized by a forward-thinking approach that combines technical expertise with strategic insights, paving the way for new business models and technological breakthroughs.
  • Community Building: By creating networks and platforms for collaboration, these leaders are fostering an environment where diverse voices can thrive and drive industry progress.

3.2 Broader Implications for Diversity and Innovation

The recognition of these pioneering women has broader implications for the blockchain and AI sectors. Greater diversity in leadership is correlated with increased innovation, better decision-making, and more resilient organizational cultures. By shining a light on these women, Forbes not only celebrates individual accomplishments but also underscores the importance of inclusivity in driving technological progress.

The impact of this narrative extends beyond the realm of technology. It serves as a powerful reminder that diversity and inclusion are critical components of sustainable growth in any industry. As more women take on leadership roles in blockchain and AI, the industry as a whole stands to benefit from a richer array of perspectives, ideas, and solutions.

3.3 Strategic Commentary

From an op-ed perspective, the spotlight on women pioneers in AI and blockchain is both timely and essential. In a rapidly evolving technological landscape, embracing diversity is not just a moral imperative—it is a strategic advantage. The innovative contributions of these women are reshaping the industry, challenging stereotypes, and setting new benchmarks for excellence.

Their success stories serve as an inspiration for organizations to invest in diversity and inclusion initiatives, which in turn can drive innovation and improve competitive positioning. For the broader blockchain and cryptocurrency communities, celebrating these trailblazers is a reminder that the future of technology is built on the strength of diverse perspectives and collaborative efforts.

Source: Forbes


4. JPMorgan’s Digital Assets and Real Estate Blockchain Integration

Financial giant JPMorgan is making headlines once again by announcing its investment of $3 million in blockchain technology for real estate digital assets. Fortune reports that this move is part of a broader strategy to leverage blockchain’s capabilities to bring transparency, efficiency, and liquidity to the traditionally opaque real estate market.

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4.1 Bridging the Gap Between Traditional Finance and Blockchain Innovation

JPMorgan’s foray into integrating blockchain with real estate is a significant development for both the financial and property sectors. Real estate has historically been characterized by cumbersome processes, high transaction costs, and a lack of transparency. By using blockchain technology, JPMorgan aims to streamline property transactions, reduce administrative overhead, and create a more dynamic market for digital assets.

The benefits of blockchain integration in real estate include:

  • Enhanced Transparency: Blockchain’s immutable ledger ensures that all property transactions are recorded accurately and can be audited easily, reducing the risk of fraud.
  • Improved Efficiency: Smart contracts can automate various aspects of real estate transactions—from property transfers to escrow management—cutting down on processing time and costs.
  • Increased Liquidity: Tokenizing real estate assets can open up new avenues for investment by allowing fractional ownership and easier transferability of assets.
  • Cost Reduction: By eliminating intermediaries and streamlining processes, blockchain can significantly reduce transaction fees and administrative burdens.

4.2 Strategic Implications for the Financial Sector

JPMorgan’s investment is emblematic of a broader trend where traditional financial institutions are increasingly embracing blockchain to modernize their operations. This integration not only enhances operational efficiency but also positions banks to tap into emerging revenue streams in the digital economy. The move is likely to spur further investments in blockchain projects within the real estate sector, paving the way for innovative business models that blend traditional finance with decentralized technology.

4.3 Strategic Commentary

From an analytical standpoint, JPMorgan’s venture into blockchain-based real estate is a strategic masterstroke. It illustrates how legacy institutions can harness emerging technologies to drive efficiency and unlock new opportunities. This initiative is a clear indication that the convergence of finance and blockchain is not a fleeting trend, but a transformative shift that will redefine asset management and transactional dynamics for years to come.

For industry observers, JPMorgan’s investment serves as a blueprint for how financial institutions can innovate within traditional sectors. It is a call for banks and investment firms to reimagine their business models in an era where digital assets are becoming increasingly integral to global markets.

Source: Fortune

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5. XRPTurbo: The DAOMaker of Ripple XRP’s Presale – Gaining Massive Traction

In a development that has captured the imagination of blockchain enthusiasts and investors alike, XRPTurbo is rapidly emerging as a key player in the Ripple XRP ecosystem. Globe Newswire reports that XRPTurbo is on a mission to become the “DAOMaker” of the XRP blockchain presale market—a bold initiative that has already gained massive traction among crypto communities.

5.1 Redefining Presale Dynamics on the XRP Blockchain

XRPTurbo’s ambitious vision is to revolutionize the way presales are conducted on the Ripple XRP blockchain. By leveraging decentralized autonomous organization (DAO) principles, XRPTurbo aims to create a transparent, community-driven platform that streamlines the presale process for new projects. This innovative approach addresses several pain points in traditional presales, such as lack of transparency, centralized control, and limited investor participation.

The platform’s core features include:

  • Decentralized Governance: Empowering the community to participate in decision-making, ensuring that presale processes are transparent and democratically managed.
  • Enhanced Liquidity: By tokenizing presale stakes, XRPTurbo provides investors with greater liquidity and the ability to trade assets more freely.
  • Robust Security: Utilizing the security features of the XRP blockchain to safeguard investor funds and maintain the integrity of the presale process.
  • Community Engagement: Encouraging active participation from crypto enthusiasts and investors, fostering a vibrant ecosystem around new blockchain projects.

5.2 Broader Implications for the Ripple XRP Ecosystem

XRPTurbo’s success is indicative of a broader trend in the blockchain space where decentralization and community governance are becoming increasingly important. As the Ripple XRP ecosystem continues to mature, projects like XRPTurbo are likely to drive increased adoption by making it easier for investors to access new opportunities in a secure and transparent manner.

Moreover, the initiative may set a precedent for other blockchain networks looking to implement decentralized presale mechanisms. By demonstrating the viability and benefits of a DAO-driven approach, XRPTurbo is positioning itself as a leader in the next wave of blockchain innovation.

5.3 Strategic Commentary

From an op-ed standpoint, XRPTurbo’s bold strategy reflects the disruptive potential of decentralized technologies. In an era where trust and transparency are paramount, the move to decentralize presale governance represents a significant evolution in how blockchain projects are funded and managed. XRPTurbo’s rising traction is a clear signal that the future of crypto fundraising will be defined by community empowerment and decentralized decision-making.

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This development challenges traditional paradigms and encourages both investors and developers to rethink how capital is raised and allocated in the blockchain space. As more projects embrace decentralized models, the overall ecosystem will become more resilient, innovative, and aligned with the principles of blockchain technology.

Source: GlobeNewsWire


6. Synthesis: Major Takeaways from Today’s Blockchain Developments

As we reflect on the diverse developments covered in today’s briefing, several key themes emerge that are reshaping the blockchain and cryptocurrency landscape:

6.1 Regulatory Evolution and Its Ripple Effects

Utah’s legislative shift, marked by the removal of a restrictive Bitcoin reserve provision, underscores a broader trend toward regulatory clarity. By fostering an environment that encourages innovation, regulators are paving the way for a more dynamic and resilient crypto market. This trend is likely to inspire similar policy changes across other jurisdictions, promoting a global environment where blockchain technology can flourish.

6.2 Blockchain for Financial Inclusion and Efficiency

Pakistan’s initiative to leverage blockchain for multibillion-dollar remittances is a powerful example of how digital assets can transform traditional financial systems. By reducing costs and improving transparency in remittance flows, blockchain has the potential to drive significant economic growth and financial inclusion in developing markets.

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6.3 Diversity as a Catalyst for Innovation

The celebration of women pioneers in AI and blockchain is not just about recognition—it is about recognizing the value of diverse leadership in driving technological innovation. Greater diversity in the tech space fosters creativity, enhances problem-solving, and ultimately leads to more robust and sustainable innovations.

6.4 Convergence of Traditional Finance and Blockchain

JPMorgan’s strategic investment in blockchain-based real estate solutions is a testament to the convergence of traditional financial systems with cutting-edge technology. As legacy institutions embrace digital assets, we can expect a radical transformation in how assets are managed, traded, and valued.

6.5 Decentralized Governance and the Future of Fundraising

XRPTurbo’s innovative approach to decentralizing presale governance on the Ripple XRP blockchain highlights the transformative potential of decentralized finance (DeFi) models. By empowering communities and ensuring transparency in fundraising, such initiatives are setting the stage for the next evolution in crypto investments.

6.6 Strategic Takeaways for Industry Stakeholders

  • Embrace Regulatory Clarity: Organizations should stay abreast of evolving legislative frameworks and position themselves to leverage new regulatory environments.
  • Invest in Efficiency: Blockchain’s ability to reduce costs and enhance transparency offers tremendous opportunities for sectors such as remittances and real estate.
  • Champion Diversity: Fostering an inclusive environment is essential for driving innovation and ensuring sustainable growth in the blockchain space.
  • Adopt Decentralized Models: The success of platforms like XRPTurbo indicates that decentralization can unlock new avenues for investment and community engagement.
  • Collaborate Across Sectors: The convergence of traditional finance and blockchain underscores the need for cross-industry partnerships to harness the full potential of digital assets.

7. Conclusion: Charting the Future of Blockchain and Crypto Innovation

Today’s blockchain briefing has provided a panoramic view of an industry in rapid evolution. From progressive legislative reforms in Utah and transformative initiatives in remittances to the celebration of diversity in tech leadership and strategic investments by financial titans, the news of March 11, 2025, underscores the dynamic and multifaceted nature of the blockchain landscape.

As we have seen, each development is not an isolated event but part of a broader tapestry of innovation and transformation. Utah’s regulatory reforms and Pakistan’s blockchain experiments demonstrate that technology and policy must evolve hand in hand. Meanwhile, the stories of women leaders in blockchain and AI, JPMorgan’s foray into digital real estate, and XRPTurbo’s pioneering presale model serve as beacons of innovation—illustrating that the future of blockchain is as much about people and ideas as it is about technology.

Looking forward, the implications of these developments are profound. They signal a new era in which blockchain will not only disrupt traditional financial systems but also empower individuals, foster transparency, and drive global economic transformation. The integration of blockchain with decentralized finance, Web3 applications, and digital assets is poised to redefine everything from cross-border payments to real estate transactions, ensuring that the technology remains at the heart of a rapidly evolving digital ecosystem.

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For industry leaders, investors, policymakers, and enthusiasts alike, today’s news is both a call to action and a source of inspiration. The trends discussed in this briefing offer a roadmap for navigating the challenges ahead, highlighting the importance of innovation, collaboration, and strategic foresight. As blockchain continues to evolve, its transformative power will depend on our collective ability to embrace change, address regulatory and social challenges, and build a more inclusive and resilient digital future.

In closing, “Blocks & Headlines: Today in Blockchain – March 11, 2025” is more than just a collection of news stories—it is a reflection of a movement that is redefining the boundaries of technology and finance. As we continue to witness these groundbreaking developments, one thing is clear: the future of blockchain and cryptocurrency is bright, dynamic, and full of promise.

Thank you for joining us on this deep dive into the world of blockchain and crypto innovation. Stay tuned for future updates as we continue to track the trends, analyze the breakthroughs, and provide insights that will help you navigate the ever-changing digital landscape.

The post Blocks & Headlines: Today in Blockchain – March 11, 2025: Utah Legislature, Pakistan, Women Leaders, JPMorgan, XRPTurbo, Ripple XRP appeared first on News, Events, Advertising Options.

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Trader Takes Home 1 BTC from Bybit’s Crypto Dawn Campaign, Beating Over 300k Participants

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DUBAI, UAE, March 11, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the winner of the Crypto Dawn mega event. Running from Jan. 20 to Feb. 7, 2025, the event distributed daily rewards and gave away the ultimate prize of one full BTC to the lucky winner.

Over 300,000 eligible participants completed deposit and trading tasks to collect cards to enter the lucky draw, and one lucky trader hit the jackpot. In just four weeks, Bybit traders generated over $58 billion in eligible trading volume during the event.

On Feb. 7, a BTC block hash determined the ultimate winner: the trader’s lottery ticket numbers were the closest match to the block hash, and he was awarded 1 BTC.

The winner, known as SK, said he was “shocked and surprised” when the result was announced. “I was going about my daily routine when I received an email from Bybit that I had won one BTC from the Crypto Dawn event,” he said. A platform agnostic active trader, SK has tested the features and functionalities across exchanges, and found Bybit to have “stood out to be the most comfortable and user-friendly app”, where he learned about the Crypto Dawn event.

SK started  his crypto trading journey in 2019, when one BTC was worth about $8,000. His exploration into crypto territories has since shaped his strategies and long-term optimism of the digital asset industry. For the one BTC he has won in the Bybit event, he has planned to keep 50% for long-term investment, and reinvest the other half into other opportunities.

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“Bybit is all about celebrating our customers’ achievements and being part of their growth journey, and we are happy to share in a moment of celebration with SK,” Joan Han, Sales and Marketing Director of Bybit. “Part of the fun of trading on Bybit is our unique giveaway events and rewards, and we are committed to giving back to our community as we make crypto history together.”

Since it’s conception, BTC has experienced multiple watershed moments and emerged as the poster child of the digital asset class and the nascent digital economy. Bybit’s Crypto Dawn campaign captured a moment in BTC history, heralding a new era of cryptocurrencies.

Find out more about trading on Bybit and its variety of offers—from derivatives products to the crypto-native Bybit Card on www.bybit.com.

#Bybit  #TheCryptoArk

About Bybit

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Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 

For media inquiries, please contact: [email protected]

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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