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
Hong Kong’s Crypto Ambitions Hit Snag: Can ETFs Steer the Ship?
Hong Kong’s launch of its first Bitcoin and Ether ETFs in late April aimed to capture part of the $55 billion US market. However, the ETFs have experienced investor outflows, perplexing analysts. Experts attribute this to concerns over China’s strict crypto stance and high management fees compared to US products.
Despite initial setbacks, some analysts remain optimistic. Bloomberg’s Rebecca Sin notes that total assets under management (AUM) exceed $250 million, indicating potential growth to $1 billion within two years. Hong Kong’s crypto journey is still unfolding, facing challenges from regulatory uncertainties and regional competitors like Singapore and Dubai.
On the Flipside
High Management Fees: Hong Kong’s ETFs have higher fees than similar US products, potentially deterring investors.
Regulatory Uncertainty: The evolving regulatory landscape in Hong Kong may create hesitancy among investors.
Institutional Adoption: Established financial institutions in Hong Kong may be slow to embrace crypto, limiting market growth.
Source: dailycoin.com
The post Hong Kong’s Crypto Ambitions Hit Snag: Can ETFs Steer the Ship? appeared first on HIPTHER Alerts.
Blockchain
Binance Web3 Wallet Introduces Yield Plus and Simple Yield
In a bid to offer its users more opportunities in the Decentralized Finance (DeFi) space, Binance Web3 Wallet has introduced two new ways to earn: ‘Yield Plus’ and ‘Simple Yield’. These new features will be accessible right within the Binance Web3 Wallet Earn section.
About Yield Plus Zone
The Yield Plus Zone is a unique feature designed to showcase projects with potential airdrops or additional yield opportunities. This feature will give users easy access to projects that offer multiple levels of rewards. The initial projects that will be included are Eigenpie, Kamino Finance, Lista Dao, Marinade, Ondo Finance, Renzo, StakeStone, and SolBlaze. Binance Web3 Wallet plans to announce exclusive campaigns in future updates through the Binance Web3 X account.
About Simple Yield Zone
The Simple Yield Zone allows users to earn an Annual Percentage Rate (APR) with stablecoins and other tokens by providing liquidity to lending protocols. When providing liquidity, users may receive both the Supply APR and Distribution APR, depending on the protocol chosen.
More on Binance Web3 Wallet
Developed with a commitment to innovation, security, and seamless user experience, the Binance Web3 Wallet is a secure, self-custodial crypto wallet integrated within the Binance App. It serves as a bridge between the Exchange and Web3, enabling users to interact with multiple blockchains, trade thousands of tokens, earn yield, and explore a selection of the best decentralized applications (dApps) all in one wallet.
Source: blockchain.news
The post Binance Web3 Wallet Introduces Yield Plus and Simple Yield appeared first on HIPTHER Alerts.
Blockchain
DWF Labs Expands Trading Options on ‘Liquid Markets’ with 7 New Token Listings
DWF Labs has officially listed seven new tokens on DWF Liquid Markets, offering traders fresh opportunities in innovative blockchain projects. The tokens include ZeroLend (ZERO), Flare (FLR), Viction (VIC), Saros (SAROS), OriginTrail (TRAC), Map Protocol (MAPO), and Zentry (ZENT).
Market Impact
The diverse token listings are expected to boost trading activities and investment in cutting-edge blockchain advancements, from DeFi and cross-chain interoperability to AI and gaming. DWF Labs aims to enhance the user experience and maintain a secure CeDeFi trading environment, fostering market engagement and blockchain evolution.
Exploring the New Listings
- ZeroLend: Offers lending services on Layer 2 solutions, including liquid restaking tokens (LRTs) and real-world assets (RWAs).
- Flare: An EVM-based Layer 1 blockchain providing decentralized access to high-integrity data for new use cases.
- Viction: A people-centric Layer 1 blockchain enhancing user experience with zero-gas transactions.
- Saros: Initially a decentralized exchange on Solana, now expanding into a comprehensive Web3 user experience.
- OriginTrail: Builds a trusted knowledge infrastructure for AI, ensuring information provenance.
- Map Protocol: A Bitcoin Layer 2 solution focused on peer-to-peer cross-chain interoperability.
- Zentry: Pioneers the Metagame Layer, integrating real and digital worlds in a massively multiplayer online role-playing game (MMORPG).
Source: blockchainreporter.net
The post DWF Labs Expands Trading Options on ‘Liquid Markets’ with 7 New Token Listings appeared first on HIPTHER Alerts.
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