Blockchain Press Releases
Project Gigabit is failing to deliver as millions are still without broadband funding: National Broadband Reports
- 50% of homes with unusable broadband in the UK have yet to receive funding from Project Gigabit
- The South East and East of England have received the most funding from Project Gigabit to date with both regions receiving over £250m
- Wales, Scotland and Northern Ireland are yet to receive any funding from Project Gigabit, along with Yorkshire and the East Midlands.
- Scotland fares the worst in the UK for broadband with over 60,000 residential properties unable to access broadband speeds of even 10Mbit/s
LONDON, July 18, 2023 /PRNewswire/ — Less than 18 months from the Government’s target date to provide 85% of properties with gigabit-capable broadband, new analysis from alternative broadband specialists National Broadband reveals that Project Gigabit funding is largely being spent on easier and cheaper to reach areas in order to reach this target. National Broadband has launched a petition calling on the Government to fund alternative broadband solutions for poorly connected areas falling outside the scope of Project Gigabit.
Only one out of the ten local authorities with the worst broadband connectivity in the UK has to date received any funding from Project Gigabit. Moreover, 50% of residential properties without access to the national minimum standard for broadband have yet to benefit from Project Gigabit funding. With fixed line broadband speeds below 10Mbit/s, these homes cannot perform even simple online tasks, such as video calling or streaming.
Despite some funding being distributed, there are significant and counter-intuitive disparities between regions. The South West which has the greatest number of premises in England unable to access landline broadband at speeds higher than 10Mbit/s has only received £42.3m from Project Gigabit, whereas both the South East and East of England have received over £250m each. This equates to the East of England receiving over £13,000 and the South East over £9,000 per property unable to access 10Mbit/s compared to just £887 for the South West.
Project Gigabit, has yet to allocate all of its £5bn budget. However its current progress highlights clear issues within its approach and its sole focus on full fibre broadband. Although according to Ofcom, the Government is set to reach its target by 2025, this latest analysis shows that in order to reach this objective, in the majority of cases, it is applying funding to more densely populated areas that are easier and cheaper to provision.
Alternative broadband delivery solutions such as 4G broadband should also be considered, since they have the potential to rapidly and cost-effectively bring much-improved connectivity to those who are the most digitally disadvantaged.
National Broadband has calculated that it would be possible to use alternative technology to supply all 435,000 properties currently without access to usable broadband (that being a service running at more than 10Mbit/s) with a much faster connection at a cost of less than 3% the Project Gigabit’s total budget.
David Hennell, Director at National Broadband commented: “There’s a growing disparity between digital haves and have nots in the UK and, as Project Gigabit fails to address more remote and more difficult to provision areas, this digital divide will only get worse. Far too many rural communities are still endlessly waiting on the distant promise of full fibre broadband – and yet the Government is failing to fund alternatives which exist today and which would immediately dramatically improve people’s connectivity at the fraction of the cost of fibre.
“This is counter-intuitive to say the least, because full fibre connectivity is being funded for properties that already benefit from perfectly good broadband performance, while properties in more rural and harder to reach areas which are typically those suffering with the poorest landline broadband speeds are being excluded. We of course acknowledge that expanding the roll-out of full fibre broadband is a good thing. However, we find it almost impossible to understand why other solutions are not also being funded for those who have the very worst current connectivity – simply put, why are those most in need being left out?
“It’s vital that the Government expands its view on improving connectivity and that’s why we’ve launched our petition. Otherwise the pursuit of its self-set target to provide 85% of UK properties with gigabit broadband will actually widen rather than close the digital divide that persists in the UK,”
Discover where your local area ranks for broadband and if it has received funding from Project Gigabit here.
Notes to Editors
Methodology
National Broadband utilised and analysed data both from Ofcom’s Connected Nations report and through an FOI request submitted to DCMS (now DSIT) to reveal where Project Gigabit funding had been allocated and broadband availability across the UK.
About National Broadband
National Broadband specialises in leveraging 4G and 5G technology to deliver fit-for-purpose broadband across the whole UK, with a particular focus on providing much-improved internet connections to more rurally located homes and businesses where fibre doesn’t reach.
To us, every single connection matters and every day we get to see how better broadband genuinely changes our customers’ lives. We believe that everyone should be able to access fast and reliable broadband and are committed to ensuring that no property gets left digitally disadvantaged and stuck on the wrong side of the digital divide.
Further data is available upon request and at: https://www.national-broadband.co.uk/best-rural-broadband/project-gigabit-uncovered
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Blockchain Press Releases
Bybit’s CEO Meets with Vietnam’s Minister of Finance to Support Regulatory Sandbox and Strengthen Crypto Compliance
DUBAI, UAE, April 19, 2025 /PRNewswire/ — Ben Zhou, Co-founder and CEO of Bybit, one of the world’s second-largest cryptocurrency exchanges by trading volume, met with H.E. Nguyen Van Thang, Minister of Finance of Vietnam, to express Bybit’s strong support for the country’s regulatory sandbox initiative and its vision to build a safe, transparent, and innovation-friendly digital asset ecosystem.
Hosted at the Ministry of Finance headquarters, the meeting centered on Vietnam’s efforts to establish a comprehensive legal framework for crypto assets. Minister Nguyen Van Thang outlined the Government’s plan to launch a pilot sandbox mechanism that will allow regulators to test the issuance and trading of crypto assets in a controlled environment. This initiative is designed to mitigate risks, strengthen investor protection, and ensure regulatory readiness before introducing official legislation.
A key part of the discussion focused on safeguarding the market against illicit activities. The Minister emphasized the importance of robust compliance frameworks, including Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols, to prevent the misuse of digital assets and support the country’s financial security.
In response, Ben Zhou welcomed Vietnam’s measured and responsible approach to digital asset regulation and reiterated Bybit’s long-standing commitment to compliance:
“Vietnam’s forward-thinking regulatory sandbox is a critical step toward unlocking the full potential of blockchain technology. At Bybit, we are fully aligned with the Government’s focus on investor protection and financial integrity,” said Ben Zhou, Co-founder and CEO of Bybit. “We are proud to share our expertise in KYC, AML, and global compliance standards, and we look forward to supporting Vietnam in building a resilient, secure, and dynamic crypto economy.”
Bybit expressed its readiness to collaborate with Vietnamese authorities on several fronts, including system architecture design, transaction oversight, and the implementation of international best practices in AML/KYC. The exchange also proposed support in capacity building, such as training financial regulators and sharing experiences from other jurisdictions.
Minister Nguyen Van Thang welcomed Bybit’s proactive approach and assigned the State Securities Commission to coordinate with Bybit on concrete proposals. He also commended Bybit’s reputation for strong financial capabilities, technological resilience, and its adherence to legal and regulatory requirements in the markets where it operates.
This meeting underscores Bybit’s growing role as a trusted international partner for regulatory dialogue and innovation. It also highlights Vietnam’s readiness to embrace blockchain technology while ensuring financial safety and public confidence in the digital asset space.
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.
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DUBAI, UAE, April 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is making waves with its latest trading showdown: Crypto Surf: Ride the Waves with Trailing Stops. This high-octane competition invites traders to rally behind either copy trading or trading bots, battling it out for their share of a prize pool worth up to $250,000 in USDT.
Running from April 18 to May 19, 2025, at 12 a.m. UTC, the event introduces a squad-based structure where users choose their camp, trade strategically, and compete across PnL, ROI and trading volume leaderboards. With a dynamic reward structure, participants can also win by predicting which squad will come out on top.
Prize Pool Distribution Highlights:
- 40% to the champion squad
- 30% to the runner-up
- 25% to the top 100 individual traders by volume
- 5% to users who correctly predict the winning squad
The event brings together the best of both worlds: the strategic finesse of copy trading and the automated power of trading bots. It celebrates innovation, user choice, and the thrill of crypto trading.
Participants must hold a minimum wallet balance of $1,000 in USDT, generate at least $10,000 in squad volume, and complete identity verification Level 1 to qualify. Users can only register for one squad and vote once to predict the winner. Rewards will be distributed within 14 business days of the event’s completion.
The total prize pool will scale in line with event volume milestones, starting at $1.2 billion and unlocking up to $2 billion in traded volume for the full $250,000 in USDT.
Bybit continues to redefine the competitive trading landscape – bringing fun, strategy and serious rewards to its global community.
#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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Blockchain Press Releases
Tomorrowland Brasil 2025 General Sale in Full Swing — Exclusive Cashback for Bybit Cardholders
DUBAI, UAE, April 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, highlights that general ticket sales for Tomorrowland Brasil 2025 are currently ongoing, with exclusive benefit available to Bybit Card and Bybit Pay eligible users such as 20% cashback.
The Bybit Card is designed for global use and supports both fiat currencies—ARS, BRL, EUR, USD—and a wide selection of cryptocurrencies. Integrated with Apple Pay, Google Pay, and Samsung Pay, it offers users up to 10% cashback on everyday purchases, 8% APR through Auto-Savings, free worldwide delivery, and $100 in monthly ATM withdrawals at no cost—without any annual fees.
Returning to the vibrant setting of Parque Maeda in Itu, São Paulo, Tomorrowland Brasil 2025 will take place from October 12 to 14, promising three days of music, imagination, and cultural exchange. Famed for its theatrical stages, global audience, and meticulously curated lineup, Tomorrowland is more than a festival—it’s a world of its own. With each edition, it transforms into a breathtaking playground of light, sound, and storytelling, drawing music lovers from over 100 countries to celebrate unity through electronic music.
This year’s Brazilian edition will feature performances from some of the world’s most sought-after artists, including David Guetta, Armin van Buuren, Vintage Culture, Mind Against, Steve Aoki, James Hype, Alesso, Nervo, and I Hate Models. Special acts include Alok’s “Something Else” concept, ANNA b2b Vintage Culture, and a powerful b2b set from Matisse & Sadko and Third Party. With more names still to be revealed, the event is shaping up to be one of the strongest editions yet.
“Tomorrowland Brasil is one of those rare experiences that transcends music—it creates lasting memories and connects people from every walk of life,” said Joan Han, Head of Payment business unit at Bybit. “We’re proud to support this global celebration by offering our users exclusive benefits that make it easier to be part of something truly unforgettable.”
Tomorrowland Brasil continues to be a beacon of creativity, community, and connection, standing at the intersection of music, technology, and art.
#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
About TOMORROWLAND BRASIL
Tomorrowland Brasil 2025 will take place on October 10-12 in the beautiful festival area of Parque Maeda in Itu, a municipality in São Paulo. The festival will revolve around the mesmerizing ‘LIFE’ theme, set against the backdrop of Brazil’s enchanting natural beauty. A story set in the mythical realm of Silvyra, it’s a world unto its own, filled with creatures, plant life, and people living in harmony, each with their own stories, with the diversity of Silvyra’s lush nature represented in the spectacular ‘LIFE’ Mainstage. Offering the ultimate escape from the city during three days of bliss, guests will be treated to breathtaking performances by more than 150 of the world’s finest electronic artists across 6 mesmerizing stages.
The first two festival editions of Tomorrowland Brasil took place in 2015 and 2016 in the beautiful festival area of Parque Maeda in Itu, São Paulo. After years of dreaming of a return, Tomorrowland finally headed back to Brazil in 2023, becoming a yearly highlight once again.
Tomorrowland Brasil 2025
October 10-12, 2025
Parque Maeda, Itu
brasil.tomorrowland.com
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