Blockchain Press Releases
Bybit Trader of 2024: A Beginner’s Gateway to Crypto Mastery Begins Here
![bybit-trader-of-2024:-a-beginner’s-gateway-to-crypto-mastery-begins-here](https://theblockchainexaminer.com/wp-content/uploads/2024/02/49513-bybit-trader-of-2024-a-beginners-gateway-to-crypto-mastery-begins-here.jpg)
DUBAI, UAE, Feb. 2, 2024 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, proudly launches the “Bybit Trader of 2024,” a groundbreaking year-long initiative designed to educate, empower, and elevate traders at every stage of their development.
Aligned with the values of CryptoArk, this initiative seeks to cultivate growth and development for traders at every level, fostering a community that thrives on knowledge, innovation, and strategic trading decisions. As participants engage in a diverse array of educational activities and immerse themselves in monthly competitions, they will discover tailored opportunities and themes designed to seamlessly guide them through the ranks, culminating in the prestigious status of VIP traders within the vibrant Bybit community. Skills are refined, perspectives broadened, and Bybit stands as a devoted partner, actively contributing to the establishment of a secure and flourishing trading environment.
What You Can Expect in the Bybit Trader of 2024
Educational Focus
Bybit is unwavering in its commitment to empower traders with knowledge, skills, and insights to navigate the ever-evolving crypto landscape. This dedication to education is prominently reflected in a diverse range of monthly activities designed to cater to traders at various levels.
For those new to crypto trading, Bybit offers a series of tutorials and informative articles covering a spectrum of topics. Beginners can benefit from onboarding trading tools that simplify the learning curve and enhance their trading proficiency. These tools are strategically chosen to accommodate the diverse needs of users. The hands-on experience facilitated by interactive elements allows users to seamlessly explore and integrate these tools into their trading strategies.
For traders seeking a more profound understanding, Bybit provides an extensive array of educational resources in multiple languages. This includes engaging AMA series, insightful webinars, and tutorial sessions focusing on various trading tools such as TradeGPT, Future Grid, Dual Asset, Unified Trading Account, Spot Grid, Copy Trading, and Liquidity Mining. Additionally, we delve into comprehensive insights about our products, including the VIP Program, Fiat System, P2P, and more.
Whether you’re a cautious HODLer, a strategic Grid Trader, a daring Risk Taker, or a seasoned High-capital Trader, the Bybit Trader of 2024 campaign ensures that you have access to the best resources that align with your trading style. The campaign’s commitment to inclusivity extends to beginners, providing them with the foundational tools needed to confidently navigate and participate in the exciting world of crypto trading.
Hot Topics, Industry Reports, and Tailored Insights
Bybit Trader of 2024 seamlessly integrates hot topics and industry trends each month, ensuring users stay abreast of the latest developments in the dynamic crypto world. This commitment not only reflects our dedication to staying ahead of the curve but also ensures our community is well-prepared and equipped to make informed and strategic trading decisions.
For traders seeking in-depth insights, our industry reports provide institutional and professional traders with invaluable knowledge, offering a deep dive into the intricacies of market dynamics. Simultaneously, new traders benefit from our hot topics and industry trend explanations, serving as a beacon of knowledge to guide them on how to interpret and navigate the ever-evolving market landscape. At Bybit, we believe that every trader, regardless of experience, should have access to the tools and information needed to make confident and informed trading decisions.
Exclusive and Unparalleled Bybit VIP Experience
Immerse yourself in a world of distinction with our Exclusive VIP Events, curated throughout the year to acknowledge and reward the loyalty of our top traders. Elevating beyond the ordinary, Bybit VIP events offer more than just recognition—they provide exclusive networking opportunities, rare insights from industry leaders, and unparalleled access to premium features on the Bybit platform.
At Bybit, we understand that VIPs deserve a truly unique experience. Our Bybit VIPs not only gain exclusive access to these events but also unlock the full potential of our products through personalized services tailored to their individual needs. This bespoke Bybit VIP experience ensures that our top traders not only thrive in the market but revel in a privileged journey crafted just for them.
Trading Competitions
Bybit presents a thrilling avenue for both novice and seasoned traders to harness market opportunities through our upcoming monthly trading competitions. Participants are invited to showcase their trading skills and strategies in an atmosphere of competition and camaraderie. This is not just a chance to prove your trading prowess; it’s an opportunity to win exciting prizes and assert your standing against the best in the crypto field. Join us as we set the stage for these electrifying contests, where every trade brings you closer to victory!
“In the ever-evolving realm of crypto trading, empowerment and education stand as pivotal pillars for success. ‘Bybit Trader of 2024’ reflects our commitment to empowering Bybit users with essential knowledge and tools that will shape their trading journey.” Ignite Your Trades, Seize the Crowns” summarizes the spirit of the campaign, promising a year filled with educational opportunities, cutting-edge tools, and exclusive events,” added Ben Zhou, co-founder, and CEO of Bybit. “Bybit started with professional traders on derivatives in 2018, partnering traders is close to our hearts and mission. With the success of Bybit growing to a prominent exchange, it is our time to give back to the community of traders.”
To participate and learn more about the campaign, please visit:
https://www.bybit.com/en/promo/events/Bybit-Trader-Year-2024.
#Bybit / #TheCryptoArk
About Bybit
Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It 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 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
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
![ethereum-etfs-aren’t-blockchain-but-is-a-revolutionary-tech:-top-6-amazing-reasons-to-invest-in-them](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51834-ethereum-etfs-arent-blockchain-but-is-a-revolutionary-tech-top-6-amazing-reasons-to-invest-in-them.png)
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Blockchain
Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance
![nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51836-nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance.png)
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
Blockchain
Marshall Becomes First US Senator to Walk from Controversial Crypto Bill He Co-Sponsored
![marshall-becomes-first-us-senator-to-walk-from-controversial-crypto-bill-he-co-sponsored](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51838-marshall-becomes-first-us-senator-to-walk-from-controversial-crypto-bill-he-co-sponsored.png)
Republican Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act of 2023, a controversial bill he initially co-sponsored with Senator Elizabeth Warren and others. This bill, reintroduced in the Senate on July 27, 2023, aimed to bring the cryptocurrency industry into alignment with existing anti-money laundering (AML) and counter-terrorism financing (CTF) laws.
Key Provisions of the Bill
The legislation proposed stringent regulations on digital asset providers, including unhosted wallet providers, miners, and validators, by classifying them as financial institutions under the Bank Secrecy Act (BSA). It mandated these entities to adhere to BSA compliance requirements, which include extensive reporting and monitoring responsibilities. Additionally, the bill called for the Financial Crimes Enforcement Network (FinCEN) to establish regulations for reporting significant foreign digital asset holdings and to create compliance measures to address risks associated with anonymity-enhancing technologies.
Senator Marshall’s Shift
Marshall’s withdrawal from the bill comes as a surprise, particularly given his earlier criticisms of cryptocurrencies, which he has described as a “threat to national security.” This includes concerns over stablecoins like Tether potentially facilitating illegal activities and circumventing U.S. sanctions. Despite his earlier stance, Marshall’s departure from the legislation suggests a reconsideration of the bill’s implications or an alignment with broader political and industry perspectives on cryptocurrency regulation. His office has not provided a comment on the reasons for his withdrawal.
Political and Industry Reactions
The bill had garnered significant bipartisan support, with 18 co-sponsors, reflecting a broader concern in Congress over regulating the rapidly growing cryptocurrency market. However, it has also faced criticism for potentially imposing impractical compliance burdens that could stifle innovation and push crypto activities offshore. Critics argue that the bill’s stringent requirements could inadvertently drive users toward unregulated platforms, thereby undermining its intent to enhance security and regulatory oversight.
Broader Context
The withdrawal comes at a time when cryptocurrency regulation is a highly contentious issue in U.S. politics. Former President Donald Trump has promised to relax crypto regulations if elected, contrasting with the current administration’s more stringent stance. Under President Joe Biden, the Securities and Exchange Commission (SEC) and other regulatory bodies, led by figures like Gary Gensler, have taken a more rigorous approach to regulating the sector, which has drawn criticism for being overly restrictive.
Senator Marshall’s decision to step back from the Digital Asset Anti-Money Laundering Act reflects the complex and evolving nature of cryptocurrency regulation in the U.S. While the bill seeks to bring greater oversight and security to the crypto industry, it also raises concerns about regulatory overreach and its potential negative impact on innovation and privacy. As the debate continues, the U.S. legislative and regulatory landscape for cryptocurrencies remains in flux, balancing the need for security with the desire to foster technological innovation.
Source: decrypt.co
The post Marshall Becomes First US Senator to Walk from Controversial Crypto Bill He Co-Sponsored appeared first on HIPTHER Alerts.
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