Blockchain Press Releases
MGI Empowers Life Sciences Industry with Revolutionary What If Campaign at XXIIIrd International Congress of Genetics
MELBOURNE, Australia, July 17, 2023 /PRNewswire/ — MGI Tech Co. Ltd. (MGI), a company committed to building core tools and technology to lead life science, today announced the launch of a global brand campaign titled “What If?” at the XXIII International Congress of Genetics (ICG), a five-yearly conference to bring together the international genetics community from around the world. Capturing MGI’s extensive capabilities and solutions, the campaign intends to introduce MGI to the global market, including Australia and New Zealand, and position the brand as an important partner bringing the global science community the right to another choice.
The genomics industry in Australia and New Zealand faces significant challenges in terms of accessibility, affordability, and speed. These obstacles hinder progress not only within the clinical space but also across the broader life science landscape.” said Dr. Bicheng Yang, Director of MGI Australia, “With the launch of the ‘What If?’ campaign, we reaffirm our commitment to overcoming these limitations by providing tools that cater to various needs and requirements, eliminating the need for long waiting periods for results. Our goal is to empower scientists and healthcare professionals to unlock the full potential of genomics.”
Under “What If?”, MGI sets out to redirect the industry dialogue from competition and comparison of platform specifications to customer-centered solutions by prompting scientists, researchers and decision-makers to tap into the possibilities of their most pressing genomics needs and desires being met.
- What if cost was not a barrier?
MGI is ushering in a sub $100 human genome era with the fully automated DNBSEQ-T20×2 sequencer designed to accommodate the most challenging sequencing needs. With all components integrated by robotics to process six slides per run, combined with consecutive robotic dipping of multiple slides in the same reagent, a single T20×2 can produce up to 50,000 WGS per year for less than $100 per 30x human genome including instrument depreciation. - What if speed, low cost and flexibility were not a trade-off?
Powered MGI’s DNBSEQTM technology, DNBSEQ-T7 delivers the trifecta of sequencing innovation with high speed, high flexibility, and ultra-high throughput. It can deliver up to 7 Tb of high-quality data at a fraction of the cost in only 24 hours. The sequencer’s quadruple flow cell staging allows simultaneous but independent operation of one to four flow cells, with different read lengths and applications to be processed independently in a single run, saving time and cost. To date, T7 has enabled multiple National Genome Projects in UAE, Thailand, Indonesia, Brazil and more. - What if the right targeted sequencing was only 24 hours away?
With DNBSEQ-G99 that boasts both the flexibility of a high-throughput sequencer and the speed of single target tests, MGI is revolutionizing precision medicine by delivering faster and more accurate targeted therapies than ever before. G99 for the first time adopts triangular matrix signal spots on sequencing flow cell, reaching higher density of data output, with an overall throughput of 8-48 Gb per run. Highly suited for targeted gene sequencing and small genome sequencing, it was instrumental in the discovery of the first imported case of Monkeypox in Chongqing, China. - What if there was a company that recognizes that sequencing is not just about the sequencer?
As experts in automation and integration, MGI’s lab automation systems including MGISTP-7000, MGISP-Smart 8, MGISP-NE384, MGISP-960, and more, enable high-throughput, automated sample transfer processing, nucleic acid extraction, sample preparation, and large-scale testing. Offering a wide range of throughput capabilities, the systems can accommodate needs from low to medium and high volumes while ensuring scalability and adaptability. With modular designs and customizable features, laboratories can tailor these systems to their specific requirements, seamlessly integrating them into existing workflows. MGIGLab-L, the ultra-high throughput library preparation system, integrates MGI’s proprietary instruments for large-scale sequencing library preparation. MGIGLab-L can handle over 1,000 samples per day with only one to three junior lab technicians, allowing researchers to experience a new level of convenience, accuracy, and efficiency. - What if genomics were leveraged to empower communities?
MGI has been continuously advancing genomics and driving progress in local communities. Amidst the rise of the COVID-19 Delta variant when local testing capacity was limited, MGI supplied Australia and New Zealand nationwide with proprietary testing equipment and kits to safeguard its people. MGI has supported over 80 countries to date in the global responses to the pandemic. - What if data management could be safer and more reliable?
MGI’s ZTRON Appliance is a GDPR-compliant, highly automated genomics data platform designed by MGI for its high-throughput sequencers. Dubbed “Sequencer Buddy”, ZTRON provides a high-performance edge computing and storage solution to execute laboratory management, bioinformatics analysis, data governance, and data delivery. Promising safety and reliability, ZTRON Appliance can be used directly in the laboratory or traditional data centers. It can be deployed independently and scaled out easily.
Backed by its product portfolio of ultra-high, high, and medium-throughput sequencers, MGI stands out in the market with its extensive offering tailored to different sequencing needs at a competitive cost. In addition to sequencers, the company provides a one-stop-shop solution, ranging from lab automation, single-cell solutions and bioinformatics platforms including lab information management system and data management center. Under the “What If?” campaign which will gradually roll out globally, MGI continues its commitment to enabling researchers to make breakthrough discoveries and improve human health through the latest technologies and tools. What if I had a choice? What if? MGI!
For more information, please visit: http://mgi-whatif.com/
About MGI
MGI Tech Co., Ltd. (or its affiliates, “MGI”), headquartered in Shenzhen, is committed to building core tools and technology to lead life science through intelligent innovation. Based on its proprietary technology, MGI focuses on research & development, production, and sales of sequencing instruments*, reagents*, and related products to support life science research, agriculture, precision medicine and healthcare. As of December 31, 2022, MGI has more than 2,800 employees, and 36% of whom are R&D personnel. Founded in 2016, MGI operates in more than 90 countries and regions, serving more than 2,000 customers. For more information, please visit the MGI website or connect on Twitter, LinkedIn or YouTube.
*Unless otherwise informed, StandardMPS and CoolMPS sequencing reagents, and sequencers for use with such reagents are not available in Germany, Spain, UK, Sweden, Italy, Czech Republic, Switzerland and Hong Kong (CoolMPS is available in Hong Kong).
*Products are provided for Research Use Only. Not for use in diagnostic procedures (except as specifically noted)
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Blockchain Press Releases
Bybit Surpasses 70 Million Users, Reinforces Commitment to Transparency and Institutional Growth
DUBAI, UAE, May 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced it has surpassed 70 million registered users, a milestone that highlights the platform’s sustained global growth and deepening trust among both retail and institutional clients. This achievement underscores Bybit’s robust market presence and its steadfast commitment to security, compliance, and product innovation.
“Reaching 70 million users is more than a number—it’s a testament to the trust our global community places in us,” said Ben Zhou, co-founder and CEO of Bybit. “We are doubling down on compliance, institutional-grade infrastructure, and user-centric innovation to ensure everyone—from first-time traders to global institutions—can access the future of finance with confidence.”
Strengthening Global Compliance and Regulatory Engagement
Bybit continues to expand its global compliance framework, working closely with regulators around the world. Most recently, Bybit held strategic discussions with Vietnam’s Ministry of Finance, contributing to the country’s regulatory sandbox initiative by sharing expertise in KYC, AML, and international best practices.
Bybit has also made key progress in major jurisdictions, including the United Arab Emirates, further demonstrating its commitment to regulatory alignment and operational transparency.
Accelerating Institutional Growth
Bybit is seeing rapid growth among institutional clients, driven by high-performance trading infrastructure, advanced risk controls, and strategic partnerships. The integration with Zodia Custody—a leading provider of institutional-grade custody and off-venue settlement solutions—reflects Bybit’s ongoing efforts to meet the needs of sophisticated investors with robust, compliant offerings.
Pioneering Web3 Integration and Real-World Utility
Bybit continues to lead in practical Web3 innovation. The Bybit Card, now used by nearly 2 million people, enables everyday crypto spending, while Bybit Pay streamlines on-chain and off-chain transactions for both users and merchants.
In line with its user-first philosophy, Bybit is also leveraging artificial intelligence to enhance trading, research, and support services. CryptoLens, an in-house AI analytics tool, offers users deep insights into token fundamentals, community activity, social trends, and tokenomics—even for projects not listed on the platform. TradeGPT, an AI agent trained on Bybit’s proprietary data, delivers rapid price action summaries and technical analysis, helping traders make smarter decisions. Complementing these innovations, an AI Support Agent enhances customer service by improving response efficiency and user experience across the platform.
Bridging Traditional Finance and the Future of Digital Assets
Bybit remains committed to its role as #TheCryptoArk—a safe, trusted bridge from traditional finance into the world of Web3. Through intuitive products, regulatory collaboration, and cutting-edge technology, Bybit empowers users of all levels to navigate and thrive in the digital asset ecosystem.
“We’re building the infrastructure for the next era of finance,” Ben added. “By championing regulation, professionalism, and a relentless user-first approach, we’re shaping a safer, more inclusive, and more empowering financial future for all.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 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
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Blockchain Press Releases
Unleashing the Power of Futures Combo Bots on Bybit: Leveling up Futures Trading with More Rewards
DUBAI, UAE, May 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, Futures Combo Carnival, a month-long trading event rewarding both new and experienced Futures Combo traders with multiple rewards tracks. Trading thresholds start at 300 USDT with rewards of up to 500 USDT in prizes weekly.
The largest Futures Combo campaign on Bybit to date, the Carnival gives traders even more reasons to make their futures trading journey hassle-free and more rewarding. Bot-enabled automated trading is becoming the norm among strategic traders in a turbulent market, where no traders can afford manmade mistakes or delays in execution.
Bybit’s Futures Combo Bot is a powerful tool for streamlining users’ futures trading experience, empowering them to build portfolios and rebalance positions across multiple futures contracts. The innovative solution allows traders to set up a Bot within minutes, minimizing manual management of complex trading strategies, and achieving both efficiency and flexibility when managing combos of futures contracts.
From now to Jun. 9, 2025, eligible Bybit users may take part in two events with a welcome bonus for first-time users:
- The Combo Battle offers newcomers who achieve a trading volume of 300 USDT an immediate 5 USDT Bot Bonus on a first-come, first-served basis, while experienced traders can earn lucky draw tickets by reaching volume milestones of 1,000 USDT and 2,500 USDT respectively using Bybit’s Futures Combo Bot.
- The Combo Challenge invites Mandarin-speaking Key Opinion Leaders to create and share their trading strategies on social media using the hashtag #ComboChallenge, with three weekly winners receiving 500 USDT each.
Bybit is committed to making futures trading more accessible to users looking to diversify their trading strategies. With rewards designed for both newcomers and experienced traders, this event strengthens community engagement while supporting users wherever they are on their trading journey. For more details and terms and conditions, users may visit: Bybit Futures Combo Carnival
#Bybit / #TheCryptoArk
About Bybit
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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View original content:https://www.prnewswire.co.uk/news-releases/unleashing-the-power-of-futures-combo-bots-on-bybit-leveling-up-futures-trading-with-more-rewards-302451105.html
Blockchain Press Releases
Bybit Unifies Loan Products to Enhance Capital Efficiency for Crypto Traders
DUBAI, UAE, May 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is enhancing the user experience and capital efficiency of its lending products by integrating Crypto Loans (flexible loans) and Fixed Rate Loans into a single, streamlined interface.
The integration introduces a unified platform for both loan types, enabling users to compare, manage, and optimize their borrowing strategies with greater ease. All loan products are now accessible under the Crypto Loans page, with a redesigned layout that prioritizes usability and transparency.
“Our goal is to simplify how users interact with our lending products while enhancing their capital flexibility,” said Emily Bao, Head of Spot at Bybit. “By consolidating management tools and aligning risk models, we’re giving our users more control and clarity over their borrowing activity.”
Key upgrades include:
- Unified Cross Margin Model: Both flexible and fixed-term loans will now operate under a shared cross-margin system, allowing users to benefit from consolidated Loan-to-Value (LTV) ratios — set at 80% (initial), 85% (margin call), and 92% (liquidation).
- Shared Collateral: Collateral can now be used interchangeably across both loan types, enabling more agile capital deployment.
- Tiered Collateral Ratios: All supported assets will follow a tiered collateral system, reflecting each asset’s risk profile — consistent with the structure previously applied to Fixed Rate Loans.
- Updated Interest Calculation: Interest will be calculated hourly using a compounding method: total debt (principal + accrued interest) multiplied by the hourly interest rate.
Existing loan orders will remain unaffected, continuing under their original terms and conditions. For users seeking further information, detailed guides on both Fixed Rate Loans and Crypto Loans are available via the Bybit Help Center.
This strategic move reaffirms Bybit’s commitment to innovation and user empowerment in the evolving digital asset economy.
#Bybit / #TheCryptoArk
About Bybit
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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View original content:https://www.prnewswire.co.uk/news-releases/bybit-unifies-loan-products-to-enhance-capital-efficiency-for-crypto-traders-302451043.html
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