Blockchain Press Releases
Bitget Blockchain4Youth Unveils U30 Hackathon, Offering $50,000 in Prizes for AI and Blockchain Innovators
VICTORIA, Seychelles, Aug. 16, 2023 /PRNewswire/ — Bitget, top crypto derivatives and copy trading platform, is excited to announce the launch of its Under 30 Virtual Hackathon, a dynamic initiative under the umbrella of the Blockchain4Youth CSR program. Set to take place from August 12 to September 18, the hackathon is poised to channel young talent’s ingenuity towards AI and blockchain solutions. With a total prize pool of $50,000, this hackathon aims to fuel innovation and provide emerging talent with a platform to transform their ideas into reality.
In a strategic collaboration with industry leaders, including Foresight Ventures‘ ForesightX incubator program and the biggest online coding platform HackerEarth, the U30 Hackathon is primed to catalyze groundbreaking developments. With financial support for the event from Foresight Ventures, which holds more than $400 million in Assets Under Management, participants will be provided with a chance to fully demonstrate their creative abilities and implement next-generation ideas. The comprehensive technical backing for the hackathon will be furnished by HackerEarth, a platform with a global developer community of over 7.6 million members from 133 countries and over 450 universities. The partnership ensures participants access to dedicated guidance, seamless event management, technical instruments, and extensive community outreach.
Participants will take on three captivating challenges, each highlighting the merging of AI and blockchain capabilities. The first challenge involves building a secure artificial intelligence infrastructure with advanced security measures. The second task is to craft an AI-enhanced gaming experience that uses AI for applications, content creation, and immersive gameplay. The third challenge is centered around designing an AI-powered marketplace for secure data exchanges, developer empowerment, and cross-market collaboration.
The U30 Hackathon will bestow $10,000 upon the winning team in each of the five categories:
- Contribution to the Blockchain Community: Awarding submissions that hold the potential to revolutionize blockchain’s perception and utilization.
- Creativity: Acknowledging teams that unveil imaginative, out-of-the-box solutions.
- Viability: Rewarding developers for practical, feasible, and commercially viable solutions.
- Design and User Experience: Celebrating teams that demonstrate an exceptional focus on user experience, interface design, and interaction.
- #Blockchain4Her: A dedicated prize for the best female team with the best submission, emphasizing the power of diverse perspectives in the blockchain industry.
Teams comprising three to five members can register from now to September 18. To be eligible, participants must be under 30 years old, with at least one team member enrolled in an accredited university. Submissions made before September 6, 2023, have the opportunity to be featured at the prestigious Bitget EmpowerX Summit, scheduled to take place in Singapore. The summit, gathering key industry figures and luminaries, offers an unparalleled platform for showcasing innovative ideas to renowned industry names such as Dragonfly Capital, Sandbox, Shima Capital, and more.
The Under 30 Hackathon resonates with Bitget’s overarching Blockchain4Youth initiative. As revealed in a study published by Bitget in April 2023, Gen Z and millennials exhibit greater interest in digital technologies compared to older generations. The platform sees Gen Z, having grown up with crypto becoming more mainstream, as being key drivers of further cryptocurrency adoption. Launched in May 2023, Blockchain4Youth’s mission is to foster blockchain and crypto adoption among young individuals, igniting the spark for the next generation of builders. Over the next few years, the initiative is set to allocate $10 million towards cultivating a crypto-positive perception.
Bitget, continuing its commitment to nurturing young talent, recently introduced its Builders Program, aimed at training over 100 young talents in crypto, blockchain, and Web3. It also successfully hosted its inaugural Crypto Experience Day on International Youth Day (August 12). This event provided attendees from nine countries with a comprehensive understanding of cryptocurrencies and hands-on blockchain insights, showcasing Bitget’s dedication to empowering the next wave of blockchain enthusiasts.
“Bitget acknowledges the immense potential of young crypto users, who are growing up amidst decentralized technologies. Their pivotal role in driving digital asset adoption cannot be underestimated,” remarked Gracy Chen, Managing Director of Bitget. “With Blockchain4Youth, we are harnessing their curiosity, creativity, and innovation to develop groundbreaking solutions that will foster market growth and advancement.”
Bitget’s proactive approach to nurturing young talent is manifested through its range of initiatives, like the Builders Program and the recent Crypto Experience Day. The U30 Hackathon serves as a testament to Bitget’s commitment to fostering innovation, enabling young minds to make a significant impact on the blockchain and AI landscapes.
About Bitget
Established in 2018, Bitget is the world’s leading cryptocurrency exchange with copy trading services. Serving over 20 million users in more than 100 countries and regions, Bitget is committed to helping users trade smarter by providing a secure, one-stop trading solution. The exchange seeks to inspire individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official esports events organizer PGL.
For more information, visit: Website | Twitter | Telegram | LinkedIn |Discord
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
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]
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#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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