Blockchain Press Releases
Bybit Launches #High5Bybit Personality Test and 1-million USDT Trading Competition with Exclusive NFT Collection for Fifth Anniversary
DUBAI, UAE, Nov. 27, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, is celebrating its fifth anniversary with a unique personality-based trading competition. This initiative invites crypto enthusiasts to discover their trading personalities, gain NFTs, and join their fellows in a team competition that rewards trading prowess.
Bybit’s fifth anniversary is an opportunity for traders of all personality types, whether they’re the pioneering ISTP “Trailblazer” with a penchant for disruptive technologies or the ESTP “Entrepreneur” who thrives on the adrenaline of day trading. This event celebrates the diverse tactics and strategies within the crypto community, offering a stage for every participant to shine.
Bybit’ First NFT Collections
Starting from 10 AM UTC on Nov. 27 until 10AM UTC on Dec. 25, 2023, participants can take the Archetype personality test to receive a trading personality analysis. Everyone who takes the quiz will receive a distinctive NFT avatar and the first 10,000 entrants will earn a 10 USDT voucher. In the spirit of inclusivity, those who decline the test can directly enter the trading competition by selecting a personality archetype of their choice.
With 16 unique designs and a supply of 10,000 for each, these NFTs are distributed on a first-come, first-served basis. These digital assets are not just for show; traders can exchange Archetype NFTs on the Bybit Marketplace and even merge Origin Archetype NFTs (colorful) to create Hero Archetype NFTs (shiny silver) and Legend Archetype NFTs (shiny gold).
Bybit will take a snapshot of all holders of Legend Archetype NFTs on Dec. 25, 2023, at 10 AM UTC, and anyone holding one will be eligible for a share of a 10,000 USDT prize pool. The distribution will be proportional to the number of Legend Archetype NFTs held, rewarding users who’ve elevated their trading game.
1 million USDT Archetypes Team Trading Competition
The trading competition runs from Dec. 4 to Dec. 25th, 2023. In an innovative twist, users will be sorted into 16 distinct teams based on their trading personality archetype, with a colossal prize pool of up to 800,000 USDT on the line.
The competition will rank teams according to the aggregate trading volume of their top 1,000 participants, transforming individual trades into a collective effort for victory. The top 10 teams will reap the rewards of a shared bonus pool, proportionate to the total trading volume they generate throughout the event.
“In celebrating Bybit’s fifth anniversary, we’re proud to introduce the Archetype Quiz and Trading Competition, reflecting our dedication to empowering traders worldwide,” said Ben Zhou, co-founder and CEO of Bybit. “This event recognizes that each participant brings a unique psychological footprint to the market. Our NFT collection is a nod to the personal journeys that intersect as people join Bybit’s Crypto Ark.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is a top-three cryptocurrency exchange by volume established in 2018 that offers 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 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 (Twitter) | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-launches-high5bybit-personality-test-and-1-million-usdt-trading-competition-with-exclusive-nft-collection-for-fifth-anniversary-301997175.html
Blockchain Press Releases
Venom and KuCoin Ventures forge strategic partnership
ABU DHABI, UAE, May 10, 2024 /PRNewswire/ — Venom, an innovative layer-0 and layer-1 blockchain network capable of hosting projects at massive scale, has continued to expand its offerings, this time forming a strategic partnership with KuCoin Ventures, the investment arm of KuCoin, a leading global crypto exchange.
The partnership follows on the heels of Venom’s launch into mainnet and the listing of the VENOM token on KuCoin.
One of the most anticipated new blockchain projects, the Venom network, has continued to make inroads across the blockchain industry following its launch into mainnet earlier this year. Venom has drawn attention due to its unique capabilities as both a layer-0 and layer-1 blockchain. The network is powered by Mesh technology, which allows it to communicate seamlessly and at great speed with other, independent networks.
Built to be capable of hosting massive platforms and projects, specifically global payment systems and CBDCs, Venom has emerged as one of the most promising new networks, with capabilities that could revolutionize what is possible in global commerce.
Now, the network has put itself in a prime position to further expand and integrate with other blockchain projects by reaching an agreement with KuCoin, one of the industry’s largest exchanges. KuCoin is one of the top-ten cryptocurrency exchanges with a daily trading volume of well over $500 million.
The new partnership would involve Venom receiving investment support for its VENOM token, while also providing enhanced visibility for projects integrated with the Venom blockchain on KuCoin. KuCoin Ventures will also provide support and resources during and after Venom projects on-boarding process.
Reached for comment on the new partnership, Venom Foundation CEO Christopher Louis Tsu had this to say: “This new partnership with KuCoin Ventures, the investment arm of KuCoin exchange, which is one of the industry’s largest and most important exchanges, marks a new chapter for the Venom network. This will open a lot of new doors for Venom and set the stage for collaborative work that will redefine this industry and allow Venom to reach its full potential. We are all very eager to see this come to fruition and what lies ahead for both us and KuCoin Ventures.”
About Venom:
Venom is a cutting-edge layer-0 and layer-1 network, seamlessly communicating and integrating with other independent networks through its innovative Mesh technology. The Venom ecosystem is anchored by a masterchain, which manages the overall network state and consensus, while workchains — an unlimited number of autonomous chains — host user accounts, smart contracts, and decentralized applications. Mesh technology revolutionizes inter-chain communication, optimizing interactions without compromising speed or unparalleled scalability. With a robust technology stack that ensures rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is the ideal network for hosting CBDCs and other large-scale platforms. Learn more at https://venom.foundation/
About KuCoin:
Launched in September 2017, KuCoin is a leading global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 800 digital assets and currently provides Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 30 million users in more than 200 countries and regions. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder’s 2023 Global Cryptocurrency Trading Platform Awards.
Learn more at https://www.kucoin.com.
Contact for Venom foundation:
Email: [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/venom-and-kucoin-ventures-forge-strategic-partnership-302142400.html
Blockchain
Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years
A new bill introduced in the U.S. House of Representatives, known as the Blockchain Integrity Act, seeks to address concerns surrounding the use of cryptocurrency mixers and tumblers. The proposed legislation aims to regulate these privacy-enhancing tools, which are often used to obscure the origins of cryptocurrency transactions.
The bill, if passed into law, would impose strict regulations on the operation of cryptocurrency mixers and tumblers within the United States. These tools, which allow users to mix their funds with those of other users to obfuscate the transaction trail, have raised concerns among law enforcement agencies and regulators due to their potential use in money laundering, terrorist financing, and other illicit activities.
Under the Blockchain Integrity Act, operators of cryptocurrency mixers and tumblers would be required to register with the Financial Crimes Enforcement Network (FinCEN) and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. Failure to register or comply with these requirements could result in significant penalties, including fines and imprisonment.
The proposed legislation also seeks to empower law enforcement agencies to investigate and prosecute individuals and entities that operate unregistered cryptocurrency mixers and tumblers. By enhancing regulatory oversight and enforcement capabilities, the bill aims to safeguard the integrity of the blockchain ecosystem and prevent the illicit use of cryptocurrencies.
However, critics argue that the Blockchain Integrity Act could stifle innovation in the cryptocurrency space and infringe on individuals’ privacy rights. They contend that while cryptocurrency mixers and tumblers can be used for illicit purposes, they also serve legitimate privacy-enhancing functions, such as protecting users’ financial privacy and security.
The introduction of the Blockchain Integrity Act reflects growing concerns among policymakers about the potential risks associated with cryptocurrencies and their use in illicit activities. As lawmakers continue to grapple with these issues, it remains to be seen how the regulatory landscape for cryptocurrencies will evolve in the United States and around the world.
Source: cointelegraph.com
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Blockchain
Government-owned KfW elaborates on blockchain digital bond plans
The government-owned KfW Bank, based in Germany, is delving further into its plans to issue digital bonds leveraging blockchain technology. This move underscores the institution’s commitment to exploring innovative financial solutions in the digital age.
The proposed digital bond issuance is poised to mark a significant milestone for KfW, as it seeks to embrace the transformative potential of blockchain technology. By tokenizing bonds on a blockchain platform, KfW aims to streamline the issuance process, enhance transparency, and optimize operational efficiency.
One of the key advantages of digital bonds lies in their potential to reduce the reliance on intermediaries and streamline the entire bond lifecycle. Through blockchain-based tokenization, KfW aims to automate various aspects of bond management, including interest payments and maturity settlements, thereby reducing the need for manual intervention and minimizing operational costs.
Moreover, digital bonds have the potential to enhance liquidity in the secondary market, allowing investors to trade bonds seamlessly on digital asset exchanges. This increased liquidity could attract a broader range of investors, thereby diversifying KfW’s investor base and potentially lowering borrowing costs.
In addition to the issuance of digital bonds, KfW is also exploring the integration of blockchain technology into other areas of its operations. By leveraging blockchain for various use cases, such as trade finance and supply chain management, KfW aims to unlock new efficiencies and drive greater transparency across its ecosystem.
Overall, KfW’s foray into blockchain-based digital bonds underscores its commitment to innovation and its recognition of the transformative potential of blockchain technology. As the institution continues to explore and implement blockchain solutions, it is poised to stay at the forefront of digital innovation in the financial sector.
Source: ledgerinsights.com
The post Government-owned KfW elaborates on blockchain digital bond plans appeared first on HIPTHER Alerts.
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