Blockchain Press Releases
IDTechEx Discusses the Key Technologies Players Are Using in Li-Ion Battery Recycling
BOSTON, July 21, 2023 /PRNewswire/ — Li-ion batteries are widely used in various markets, such as in consumer electronics, electric vehicles (EVs) and stationary energy storage. However, as demand for Li-ion batteries continues to increase, the need to manage their sustainability through their entire lifecycle, including at end-of-life (EOL), is also becoming increasingly important. At end-of-life, Li-ion batteries can be recycled to re-obtain the contained valuable metals, such as nickel, cobalt, and lithium. Depending on the recycling technique employed, products from these processes may need further refining or processing to enable their re-introduction into new battery manufacturing. In their latest report, “Li-ion Battery Recycling Market 2023-2043“, IDTechEx discuss and analyze three key recycling technologies being employed by players commercially, including mechanical, hydrometallurgical and pyrometallurgical recycling.
Mechanical Recycling
Mechanical processing is the simplest technique, which is employed by many players globally, and is typically the initial step in Li-ion battery recycling. This often starts with a disassembly step, which is performed manually due to differences in EV battery pack design and requires a skilled workforce to achieve this. Typical steps thereafter include shredding, grinding, and crushing. This breaks down the high-value materials, separates them from foils and casing, and is performed in an inert atmosphere. Often, sieving is used to separate larger fragments of current collectors, casings, and separators from electrode materials, which are constructed of very fine powders. This results in the production of black mass, which requires further refining via hydrometallurgical or pyrometallurgical processing to produce battery-grade metal salts. The majority of players in Europe and North America currently only have mechanical recycling capabilities. Therefore, most of these recyclers do not currently have the capabilities to produce battery-grade materials that are ready to be introduced into new battery manufacturing. This black mass is typically transported to recyclers in the Asia-Pacific region that have these capabilities.
Pyrometallurgical Recycling
Pyrometallurgy refers to the use of heat to extract battery materials, typically performed at high throughput in an electric arc or shaft furnace. Advantages to the process include little pre-treatment requirements, and that it is battery chemistry agnostic, and so can receive various metal-containing waste streams as feedstock, such as NiMH, Ni-Cd and Li-ion batteries. However, the process has high-capital requirements and is also energy intensive while requiring off-gas cleaning. Pyrometallurgy produces a mixed metal alloy, as well as a slag stream, containing lithium, manganese, and aluminum. Therefore, this would still require further hydrometallurgical processing if all valuable metals were to be re-obtained at battery grade.
Hydrometallurgical Recycling
Hydrometallurgical techniques can be used to recycle black mass directly or refine alloys produced from pyrometallurgy to form battery-grade metal salts. These salts can be re-introduced into new cathode precursor manufacturing and are, therefore, of higher value than black mass produced from mechanical recycling. In hydrometallurgical recycling, leaching, solvent extraction, or precipitation steps can be employed to selectively extract metals such as nickel and cobalt from black mass produced by mechanical recycling in the form of battery-grade salts. The key benefits of hydrometallurgical recycling are that more of the valuable metals can be recovered, and it is less energy intensive than pyrometallurgical recycling. However, the costs of reagents and high volumes of water consumption pose some downsides. Though, through interviews with IDTechEx, some recyclers have commented that they are able to cycle water multiple times through the recycling process to maximize its efficiency.
Currently, the majority of hydrometallurgical recycling capacity resides in the Asia-Pacific region, including key players such as SungEel HiTech, Exigo Recycling and ACE Green Recycling. However, players in Europe and the US recognize the benefits of hydrometallurgical processing and are in the process of expanding their hydrometallurgical capacities. Fortum recently commenced commercial operations of its hydrometallurgical plant in Harjavalta, Finland. This marks the first commercial-scale facility in Europe for hydrometallurgical recycling. In the US, Li-Cycle are planning to establish their own commercial-scale hydrometallurgical plant too.
Other Techniques
While these are generally the three most developed processes used by Li-ion battery recycling players, other routes are being explored. Namely direct recycling is a technique that involves mechanical pre-processing and component separation steps, followed by reactivating the battery material to recover the capacity lost during cycling, but without breaking down the crystal structure of the cathode material. However, this is a pre-commercialized technology being investigated by research bodies on a more lab-scale basis.
Concluding Remarks
Battery manufacturers are keen to source materials produced from recycling to mitigate against fluctuating metal prices and to domesticate material supply. As the volume of end-of-life Li-ion batteries continues to grow, recyclers will continue to scale up their recycling capacities through the construction of new plants to meet recycling demand. By recycling Li-ion batteries via hydrometallurgical processing, recyclers can produce battery-grade metal salts, which can be utilized in new battery manufacturing. Growth in both hydrometallurgical and mechanical recycling capacities will be seen across North America, Europe and the Asia-Pacific. Recyclers in Europe and North America will start establishing commercial-scale hydrometallurgical recycling facilities in order to produce higher-value battery-grade metal salts rather than the black mass they have generally and historically produced. This will provide opportunities for battery manufacturers in these regions to start domesticating their material supply for new battery manufacturing while reducing risks related to raw material supply and fluctuating costs.
For more on technologies, key players, policies, economics, and granular 20-year recycling market forecasts, please refer to IDTechEx’s latest report, “Li-ion Battery Recycling Market 2023-2043“.
About IDTechEx
IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact [email protected] or visit www.IDTechEx.com.
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Blockchain Press Releases
Bybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
DUBAI, UAE, Jan. 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been recognized as the second most popular cryptocurrency exchange globally, according to the latest report from CryptoQuant. The “2024 Crypto Survey: Exchange Use and Investor Behavior” underscores Bybit’s unmatched appeal to professional traders, commitment to security, and innovative offerings that cater to a diverse, global user base.
Bybit’s platform has become a hub for full-time traders, with 52% of surveyed users identifying as professionals—outperforming rivals OKX (38%) and Binance (37%). This success is supported by initiatives like the Bybit Broker Program, which has onboarded over 700 new clients in 2024, raising the total to 1,500 institutional clients. Additionally, Bybit’s Unified Trading Account (UTA) simplifies trading by centralizing spot, futures, and options activities in one seamless interface. Supporting over 70 cryptocurrencies as collateral, this system empowers traders to maximize their capital efficiency by using unrealized profits as margin across various products. UTA’s role in managing 99% of the platform’s trading volume showcases its importance to Bybit’s ecosystem.
Furthermore, Bybit’s integration of MetaTrader 5 allows users to diversify into traditional markets, such as Gold and FX, using USDT, marking another step forward in meeting the needs of professional traders.
Bybit’s global popularity spans regions including Africa, South America, the Middle East, Asia, Europe, and Oceania, where it maintains a dominant presence. Even as the exchange strategically exits certain jurisdictions to comply with regulatory requirements, Bybit’s adherence to a compliance-first approach ensures sustainable growth in markets with clear regulatory frameworks. This adaptability has strengthened Bybit’s position as a trusted and reliable global platform.
The report also acknowledges Bybit’s excellence in security, customer service, and P2P trading, where it ranks as the third-best exchange globally. These accolades reflect Bybit’s dedication to delivering a secure, user-focused experience that builds trust and loyalty within its growing community.
Joan Han, Sales & Marketing Director at Bybit, shared:
“This achievement reflects our team’s unwavering dedication and commitment to delivering a world-class trading experience. We actively listen to our clients’ requests and continuously improve our tools to ensure a smoother trading journey. Our ability to adapt and thrive in diverse markets speaks to the strength of our vision and our focus on fostering a secure, accessible, and professional crypto ecosystem. As we continue to innovate and grow, we remain dedicated to empowering traders worldwide with the tools and trust they need to succeed.”
#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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TOKYO, Jan. 17, 2025 /PRNewswire/ — GOLFIN, the pioneering Web3-based Golf2Earn platform, has been announced as the official sponsor of Web3 Hub Davos 2025. The event, taking place from January 20–23, 2025, in Davos, Switzerland, runs alongside the World Economic Forum’s Annual Meeting and will highlight the latest advancements in Web3, blockchain, and decentralized technologies across industries. Golfin is set to showcase how Web3 technology is reshaping the future of golf.
Golfin’s Key Highlights at Web3 Hub Davos 2025:
- Exclusive Presentation: Golfin’s founder Ken Komatsu and strategic advisor John Kojiro Moriwaka will present “How the Web3 Golf Game ‘Golfin’ Will Shape the Future of the Web3 Movement” on January 22, 2025, from 17:53 to 18:03 local time.
- Innovative Technology Integration: Golfin’s combination of NFTs and GPS technology allows players to create a seamless link between real-world and digital golf experiences.
- Industry Impact: Golfin aims to modernize the golf industry while addressing global economic disparities by building ecosystem that merges sports, entertainment, and blockchain technology
- Global Partnerships: Golfin has formed strategic partnerships with leading organizations, including the ZOZO Championship and Seibu Group, to expand its reach and integrate real-world golf experiences with digital rewards.
Golfin’s Approach to Web3 Golf:
Enhancing Golf Through Innovation: Golfin revolutionizes the golf experience by allowing players to earn points through real-world gameplay on verified golf courses. These points can be used to enhance their digital gameplay, creating a seamless connection between physical activity and in-game progression. Additionally, players can collect exclusive in-game items and trade NFTs, adding value and depth to both their golfing and gaming experiences.
Vision for the Future:
Golfin is committed to transforming the traditional golf industry by integrating Web3 technology to create a more immersive and accessible golfing experience. By fostering strategic partnerships and engaging global decision-makers, Golfin plans to expand its ecosystem and drive innovation in both the sports and blockchain sectors.
About Golfin GPS: The Golfin GPS app connects real golf with digital gameplay. Players earn points while playing at certified golf courses.
For More Information: golfin.io & web3hubdavos.com .
Join the Movement: Stay updated and join Golfin’s Web3 revolution by visiting the official website or following on Twitter (JP), Twitter (Global), Discord, Instagram, & Linktree.
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Blockchain technology continues to expand its reach, influencing industries far beyond its origins in cryptocurrency. From strategic collaborations to emerging trends, today’s briefing explores key developments shaping the blockchain ecosystem. Here’s the latest.
Blockchain Lobby Groups Unite for Crypto-Friendly Advocacy
In a landmark move, eight major blockchain lobby groups in the U.S. have joined forces to push for crypto-friendly policies under the new administration. With a regulatory climate expected to favor innovation in blockchain and cryptocurrency, these organizations aim to present a unified voice to influence legislation and public discourse.
The coalition’s agenda focuses on fostering technological adoption, ensuring consumer protection, and clarifying taxation policies. This collaboration highlights the growing recognition of blockchain’s potential to drive economic transformation while addressing concerns about regulation.
Source: CoinDesk
Five Underrated Layer-1 Blockchain Tokens to Watch in 2025
As competition among blockchain platforms intensifies, several Layer-1 blockchain tokens are poised to gain significant traction this year. Analysts spotlight projects that prioritize scalability, interoperability, and developer engagement as ones to watch.
While giants like Ethereum and Solana dominate headlines, emerging players are carving out niches in sectors like decentralized finance (DeFi), gaming, and supply chain solutions. These tokens underscore the innovation flourishing within the Layer-1 ecosystem.
Source: The Crypto Basic
AI and Blockchain Drive Innovation in Mining Industry
The integration of AI and blockchain technologies is revolutionizing the mining sector. Blockchain’s immutable ledger capabilities ensure transparency in supply chain operations, while AI optimizes resource extraction and predictive maintenance.
Together, these technologies address critical challenges such as environmental impact and operational inefficiency. As sustainability takes center stage, the mining industry’s adoption of blockchain and AI represents a significant leap forward.
Source: Mining Technology
The Rapid Rise of Blockchain Mini-Games
Blockchain-powered mini-games are capturing the attention of developers and players alike, thanks to their innovative use of tokenization and play-to-earn models. These games—smaller in scope but high in engagement—offer players real ownership of in-game assets and a chance to earn rewards.
The trend’s popularity stems from its low barrier to entry and appeal to casual gamers, signaling a shift in the gaming landscape. As blockchain gaming continues to evolve, mini-games are emerging as a powerful gateway to mainstream adoption.
Source: Crypto Times
Bybit and SignalPlus Announce $100,000 USDC Global Trading Showdown
Bybit and SignalPlus have teamed up to launch a global trading competition with a $100,000 USDC prize pool. The event aims to showcase advanced trading strategies while fostering community engagement within the crypto trading ecosystem.
Participants will compete across multiple trading challenges, highlighting the growing sophistication of crypto markets. This collaboration underscores the role of competitions in promoting market education and innovation.
Source: PR Newswire
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