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Blockchain Press Releases

WITH UNIVERSAL UP KIT, LG TAKES A STEP FORWARD FOR ‘DESIGN FOR ALL’ AT IFA 2023

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Company Puts Focus on Accessibility and the Environment with Latest Usability Innovations

SEOUL, South Korea, Aug. 15, 2023 /PRNewswire/ — LG Electronics (LG) will unveil its new ‘Universal UP Kit’ at IFA 2023. A collection of innovative home appliance accessories and add-ons embracing universal design and made from recycled materials, the LG Universal UP Kit has been crafted to enhance usability for individuals facing physical challenges, exemplifying LG’s vision of a more inclusive and sustainable future. Customers can seamlessly integrate Universal UP Kit products into their existing LG home appliances so that the whole item does not need to be replaced, elevating user experience without the need to upgrade to the latest models.

The kit represents a continuation of LG’s strong efforts towards more environmentally conscious and accessibility focused ESG initiatives. Last year, the company introduced its minimalist design appliance lineup – a testament to LG’s commitment to more sustainable manufacturing through the reducing components and increasing the utilization of recyclable materials.

To aid in developing the Universal UP Kit, LG enlisted the help of its Accessibility Advisory Council, an independent board, an assembly of individuals with health conditions such as hearing or vision impairments and cerebral palsy. The council’s members shared their insights, experiences and the challenges they had experienced while using various home appliances. LG compiled, categorized and analyzed the individual feedback, shaping the foundation of the Universal UP Kit design and steering the course for future accessibility-led projects.

This collaborative effort led to the creation of ‘aid kits’ featuring solutions engineered from recycled plastics utilized to help conserve resources and minimize waste – a cornerstone of LG’s overarching ESG management strategy.

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Soon to be unveiled at this year’s IFA, LG’s Universal UP Kit comprises innovative, thoughtfully crafted solutions compatible with a wide spectrum of LG home appliances, including the refrigerator, CordZero™ stick vacuum, the Styler™, dishwasher, water purifier, washing machine, and dryer.

Universal UP’s Easy Handle Kit comes with detachable handles for the door and detergent drawer for LG’s washer. The handles have been designed to facilitate accessibility for users with diminished manual dexterity or wrist strength to grasp the washer’s pocket handles. The kit also offers high-contrast color options created to accommodate the conditions such as amblyopia.

Other aid kits from the Universal UP portfolio include the Assistant Kit. This detachable, wheeled strut that redistributes the weight of LG’s CordZero stick vacuum, offering enhanced control and maneuverability. The Easy Hanger Kit introduces a long handle with a circular grip to the Styler’s clothes hangers, allowing wheelchair users to easily place them on the Moving Hanger system at the top of LG’s clothing care cabinet. Additionally, LG will introduce the Rotate Shelf Kit to increase the usability of the refrigerator’s shelves and the Easy Nozzle Kit, which attaches to the water purifier, and elevates accessibility through height- and distance adjustability. The water purifier can also be upgraded for those with visual impairments by adding the Silicon Cover with Braille.

“The Universal UP Kit is designed to enhance the usability and accessibility of our home appliances and has been developed to resolve pain points shared with us by real consumers,” said Lyu Jae-cheol, president of LG Electronics Home Appliance & Air Solution Company. “Through the Universal UP Kit, we will ensure that all LG appliance owners, regardless of age or physical limitations, can enjoy a convenient user experience.”

Attendees at LG’s IFA 2023 booth (Hall 18, Messe Berlin) from September 1-5 can see Universal UP Kit solutions applied to a variety of the company’s home appliances in the ThinQ Home Zone.

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About LG Electronics Home Appliance & Air Solution Company 

The LG Home Appliance & Air Solution Company is a global leader in home appliances, smart home solutions, air solutions as well as visionary products featuring LG ThinQ AI. The company is creating various solutions with its industry leading core technologies and is committed to making life better and healthier for consumers by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and compelling health benefits. For more news on LG, visit www.LGnewsroom.com.

LG InstaView refrigerator with Universal UP Kit for enhanced usability and accessibility

 

LG Front load washer with Universal UP Kit for enhanced usability and accessibility

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Blockchain Press Releases

QCP Trading Receives In-Principle Approval for Major Payment Institution License in Singapore

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Key development reinforces QCP Trading’s commitment to regulatory excellence in Singapore.

SINGAPORE, Nov. 11, 2024 /PRNewswire/ — QCP Trading Pte. Ltd. (“QCP Trading”), has received an In-Principle Approval (“IPA”) for a Major Payment Institution (“MPI”) License from the Monetary Authority of Singapore (“MAS”). The IPA represents an essential step toward full licensing, allowing QCP Trading to prepare to offer regulated spot trading services for digital payment tokens.

The IPA reinforces QCP Trading’s dedication to Singapore’s high regulatory standards, marking a key step towards the eventual goal of providing compliant, innovative, and efficient solutions for clients. QCP Trading aims to provide spot trading for a wide range of stablecoins and major digital tokens supported by its comprehensive on/off ramping services in multiple currencies. Leveraging 24/7 support, seamless API integration, dedicated voice trading capabilities and same-day settlement through its local banking partners, QCP Trading aspires to build a leading spot franchise and position itself as one of the most price-competitive players in the digital asset space.

“As we pursue the full MPI license, we remain focused on supporting Singapore’s growing reputation as a leader in digital asset regulation,” said Darius Sit, Founder of QCP Trading. “We take pride in our ability to remain agile and responsive to both global and local market conditions, which is the key to success in this rapidly evolving sector. This latest milestone for QCP Trading reinforces our belief in the importance of a strong regulatory foundation for sustainable growth and positioning ourselves to be a trusted partner of choice in the digital asset space.”

“QCP Trading aims to champion robust governance frameworks and our early recognition of the critical role of regulation has proven to be a strategic foresight,” Melvin Deng, Chief Executive Officer of QCP Trading added. “We reaffirm our dedication to fostering strong partnerships in Singapore and look forward to working closely with the MAS to achieve the MPI license.”

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With Singapore at the core of its strategy, QCP Trading aims to grow the local team, prioritizing the recruitment of exceptional talent to facilitate its ongoing growth and ensure adherence to local regulations. QCP Trading is dedicated to delivering institutional-grade solutions in digital assets spot trading, positioning itself as a trusted partner in Asia and beyond.

About QCP Trading

QCP Trading is the dedicated OTC spot trading arm of QCP Group, providing institutional clients with secure, compliant, and efficient spot trading solutions. QCP Trading offers a wide array of services such as on/off ramping, seamless API integration, and personalized voice trading channels, ensuring a smooth and tailored trading experience with quick settlement times.

QCP Trading has received the IPA from MAS for an MPI License to provide digital payment token services for OTC spot trading in Singapore.

More information can be found at www.qcpgroup.com.

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Media Contact

Elisha Thiara[email protected] 

View original content:https://www.prnewswire.co.uk/news-releases/qcp-trading-receives-in-principle-approval-for-major-payment-institution-license-in-singapore-302300858.html

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Blockchain Press Releases

Bybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market

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DUBAI, UAE, Nov. 8, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with Block Scholes, today released its latest post-election crypto derivatives analytics report. The report dives deep into the market behavior following the conclusion of the 2024 U.S. election, revealing a clear shift towards renewed bullishness and a strong appetite for leveraged long positions.

Market Behavior in Focus

With election uncertainty now behind, the report shows that traders are leaning strongly toward leveraged long positions, especially in perpetuals and futures contracts. Short-term volatility has decreased, and BTC’s price structure has leveled out, suggesting a more stable market. The steady trading activity over the weekend further highlights the ongoing strong interest in crypto assets.

Key Findings:

  • Sharp Decline in Short-Term Volatility: As election uncertainty cleared, short-term implied volatility for both BTC and ETH witnessed a significant drop.
  • Flattening of BTC Term Structure: While the term structure for BTC flattened, ETH’s evolved into a steeper curve, potentially reflecting increased long-term uncertainty surrounding Ethereum.
  • Resurgence of Leveraged Positions: Following a pre-election reduction, leveraged positions have bounced back strongly. Open interest in both perpetuals and futures contracts has climbed, indicating a willingness to embrace risk once again.
  • Record High Positioning: Despite the election risk subsiding, positioning across all markets is near all-time highs, showcasing a keen interest in maintaining leveraged long exposure as BTC reaches new records.
  • Robust Trading Volumes: Trading volumes remained robust throughout the week, even over the weekend, highlighting sustained market activity.
  • Renewed Interest in Directional Bets: Perpetual swap open interest mirrored the trend seen in futures contracts. A decline during pre-election turbulence was followed by a sharp rise as the election outcome became clear, suggesting renewed focus on directional bets to capitalize on positive post-election movement.
  • Increased Options Interest: Despite subdued option trading volumes, open interest for BTC options has surged. This points towards a growing interest in positioning for potential long-term volatility in the aftermath of the election.

Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: https://learn.bybit.com/crypto-insight/bybit-x-block-scholes-crypto-derivatives-analytics-report-nov-6-2024/ 

#Bybit / #TheCryptoArk /#BybitResearch

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
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

Canaan Upgraded Avalon Miner A15 Series with Superior Performance

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SINGAPORE, Nov. 8, 2024 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN), a leading provider of Bitcoin Miners, announced that the company had upgraded Avalon Miner A15 series mining machines. In April 2024, Canaan released its Avalon Miner A1566 air cooling machine with 185 TH/s hash rate and power efficiency ratio of 18.5 J/TH in Hong Kong. After continuous improvements in chips and embedded software in the past months, new Avalon Miner A15 series now features four models: 1, the high-end model Avalon Miner A15Pro with a hashrate no less than 215T and a power efficiency of 16.8J/T; 2, A15XP with a hashrate of 200-212T and a power efficiency of 17.8J/T; 3, A15 with a hashrate of 188-203T and a power efficiency of 18.8J/T; 4, A15SE with a hashrate of 170-185T and a power efficiency of 19.9J/T.

The upgraded Avalon Miner A15 series offers notable excellent hashrate with better power efficiency, to address the escalating computational requirements and meet the diverse demands from customers of different mining scales, in different mining environments, aiming to deliver a more efficient and stable mining experience for miners around the world.

Avalon Miner A15 series can be integrate seamlessly into Avalon Box with Canaan’s One-Stop Mining Solutions. Along with 24/7 multilingual support across over 20 countries, Canaan reaffirms its commitment to providing miners worldwide with fast, reliable, and efficient solutions for mining deployment and maintenance.

Avalon Miner A15 series can be ordered from now.

Click to order now: https://shop.canaan.io/products/avalon-miner-a15xp-206t

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About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in Bitcoin’s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market.

Media Contact: [email protected] 

Disclaimer:

All provided data and parameters are based on laboratory results in a controlled environment. We do not guarantee that delivered product(s) will produce the same operating data and parameters when deployed in the field.

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