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Blockchain Press Releases

Bybit Launches Crypto Trend Challenge: Pick a Trend and Win

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DUBAI, UAE, Feb. 7, 2024 /PRNewswire/ — Bybit, the world’s third largest crypto exchange by volume, is excited to announce the launch of an ambitious trading campaign – Crypto Trend Challenge, designed to cater to a wide array of traders, from novices in the crypto world to seasoned experts. This innovative campaign, set to run from Feb. 1, 2024, 10 AM UTC to Feb. 21, 2024, 23:59 UTC, introduces a dynamic approach to trading with a focus on using structured products to predict which coins will be the top performers of the day.

Participants will have the opportunity to engage in various trading activities, including spot trading, derivatives, and subscribing to Structured Product plans. Traders have the chance to achieve a minimum daily trading volume to qualify for daily prize pools, with specific thresholds set for spot and derivatives trading. Traders involved with the day’s top-performing tokens will get a chance to share in a daily prize pool, adding an extra layer of excitement and competition to the art of finding top performing cryptocurrencies, leveraging the success of their trades with more rewards.

“We are pleased to create this campaign, which recognizes and rewards the dedication and skill of our trading community,” said Ben Zhou, co-founder and CEO. “This initiative is a testament to our ongoing commitment to providing meaningful and engaging experiences for our users, reinforcing Bybit’s position as a top-three platform in the cryptocurrency space.”

Moreover, the competition includes an additional bonus for the top 10 users who win the most number of days throughout the campaign, with a substantial 10,000 USDT prize pool up for grabs. This bonus is designed to recognize and reward the consistent performance and dedication of Bybit’s top traders.

In line with Bybit’s commitment to fairness and transparency, trades involving market makers and institutional traders are not eligible, ensuring an equal playing field for all participants.

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Indeed, This campaign is expected to not only foster a competitive spirit among traders but also enhance the overall trading experience on the platform for all users.

#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

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Blockchain Press Releases

Instant Nodes arrives in the USA with Global Payments Giant, Paddle Partnership

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DUBAI, UAE, Sept. 11, 2024 /PRNewswire/ — Instant Nodes is thrilled to announce an exciting new partnership with global payment giant, Paddle. This collaboration marks a significant milestone for both companies as both firms join forces to deliver unparalleled on-ramp and off-ramp solutions to the USA market and beyond.

As a leader in blockchain and decentralised solutions, Instant Nodes has strived to provide innovative and efficient services to our customers. Now, with the integration of Paddle, we are set to revolutionise how our services are delivered and monetised.

Why Paddle?

Paddle’s comprehensive platform is designed to handle all aspects of global payments complexity, from subscription management to payment processing. Their expertise in managing complex billing scenarios and ensuring smooth transactions aligns perfectly with our vision at Instant Nodes.

Instant Nodes can leverage Paddle’s technology and tax compliance solutions to streamline operations, enhance customer satisfaction, and develop cutting-edge blockchain solutions.

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The Benefits of Our Partnership

This partnership is poised to bring numerous benefits to our clients. With Paddle’s seamless payment infrastructure, Instant Nodes can offer more flexible and efficient billing options, making it easier for clients to access and pay for our services.

Paddle’s robust analytics and reporting tools will provide us with valuable insights into our revenue streams, enabling us to make data-driven decisions to further improve our offerings.

A Word from Our Leaders

Ilgar Alekperov, Founder of Instant Nodes, shared his excitement:

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Partnering with Paddle is a game-changer for us. Their advanced payments infrastructure platform will not only simplify our billing processes and tax compliance but also enhance our overall service delivery. We believe this collaboration will drive significant growth and allow us to better serve our clients with innovative blockchain solutions.

Dylan Yepes at Paddle also commented:

“We are delighted to partner with Instant Nodes, a company that is at the forefront of blockchain innovation. Our platform is designed to handle the complexities of global payments and billing, and we are confident that Instant Nodes’ customers will greatly benefit from the streamlined processes and enhanced payment experiences we offer.”

To start deploying nodes, visit https://instantnodes.io/

About Instant Nodes 
Instant Nodes is an RPC solution which is focused on building data integrity in digital assets blockchains.

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X: https://x.com/InstantNodes | Linkedin: https://www.linkedin.com/company/instantnodes/

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Blockchain Press Releases

Velo Labs Brings BlackRock’s Tokenized Short-Term Treasury Fund to Southeast Asia

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SINGAPORE, Sept. 11, 2024 /PRNewswire/ — Velo Labs, a global pioneer in Web3-based financial solutions, today announced that the assets that back Velo’s USDV token, the stablecoin of the Velo ecosystem, are now comprised of an investment in BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize. USDV serves as the primary store of value and unit of transfer across Velo’s suite of payment and trading applications.

Over 1 million Velo’s Orbit payment app users and vendors across Southeast Asia leverage USDV for seamless transactions, value storage without a bank account, cross-border money transfers, and off-ramping to local currencies at local banks 24/7 – all while earning yield on-chain. Additionally, Velo’s FX, commodity, and crypto traders on its Universe exchange and DeFi protocol Velo Finance can earn yield on funds held on the exchange and have the opportunity to compound those returns via various Velo liquidity pools and staking programs.

Today’s announcement follows Velo’s recent partnership with the Laos government to tokenize its physical gold reserves. Velo is rapidly establishing itself as a leading provider of blockchain-powered payments, trading, and RWA asset offerings across Asia.

Velo Labs co-chairman Chatchaval Jiaravanon commented: “Velo Labs is very pleased to bring BlackRock’s high-quality institutional yield product to Southeast Asia. At Velo, we are building the bridges and rails that will ensure frictionless, borderless, and formless payment and trading experiences for both institutional and retail users across Asia. Today’s announcement demonstrates our commitment to bringing Velo users access to the highest-quality institutional assets in the world.”

Securitize co-founder and President Jamie Finn added “This is a great example of a firm leveraging open web3 standards to deliver a product to their market”

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About Velo Labs

Velo Labs is a global pioneer in Web3-based financial solutions, offering a cutting-edge liquidity and settlement network for secure, efficient value transfers. Backed by the Stellar Network and CP Group, our reach has expanded beyond Southeast Asia and the Pacific, now serving partners worldwide. We connect and complement the gap between traditional banking infrastructure and Web3, leading the way in blockchain mass adoption. Our extensive

Web3-based payment network, along with Lightnet, our licensed settlement partner, position us as a global heavyweight. Velo Labs offers a diverse range of Web3-based products, notably Orbit, tailored for individuals, merchants, corporations, and enterprises worldwide—dedicated to empowering global financial connectivity and expanding accessibility globally. Follow us for more info: Twitter / Telegram

About Securitize

Securitize, the leader in tokenizing real-world assets, is driving the compliant digitization of financial assets through next-generation blockchain technology. Securitize, or through its subsidiaries, is a registered broker-dealer (member Finra/ SIPC) and operates a primary marketplace, an alternative trading system, as well as a top 10 transfer agent and has an exempt reporting adviser. Learn more at http://www.securitize.io

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Blockchain Press Releases

HTX Ventures invest in BSX, Building DeFi Infrastructure on Base

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SINGAPORE, Sept. 11, 2024 /PRNewswire/ — HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in BSX Exchange, a decentralized, non-custodial central limit order book (CLOB) perpetual decentralized exchange built on Base.

Since its launch in April, BSX has facilitated over $4.5 billion in trading volume and recently surpassed $1.3 million in revenue. Its current offerings include both spot and derivative trading. With the recent $4 million seed-round funding, BSX plans to expand its product line further. The platform boasts a highly performant trading engine with 10ms latency and 1000x leverage. 

In the coming months, BSX aims to launch several new projects, including a spot aggregator, earning products, and staking products. Additionally, the company plans to introduce a Layer 3 network on Base to optimize the on-chain BSX order book. Looking ahead, BSX also intends to release its own trading game on Telegram and an exclusive NFT collection to attract new users to both Base and BSX.

“BSX operates on top of the Base ecosystem, leveraging its 110 million globally verified users. By providing a strong liquidity foundation for this ecosystem, BSX is poised for significant success,” commented Edward, Managing Partner at HTX Ventures. “BSX serves a large traditional finance customer base, and at HTX Ventures, we are excited to support this Web3 onboarding journey.”

“We’re focused on building a key lego block in the DeFi ecosystem. By launching on Coinbase’s Base L2 we are a key beneficiary of Coinbase’s massive user base moving on-chain to Base and then to DeFi applications. Our vision is to build a consolidated platform including BSX Trade, BSX Earn, and BSX 1000.” Said BSX Team.

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About BSX

BSX is a decentralized derivatives trading platform built on Base. BSX offers perpetuals trading at 1000x leverage and also a spot market. The firm is backed by Blockchain Capital and the Base Ecosystem Fund and is advised by Athur Hayes.

About HTX Ventures

HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With more than decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.

HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active FOF (Fund of Funds) funds, HTX Ventures invests in 30 top global funds and collaborates with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build a blockchain ecosystem. Visit us here.

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Feel free to contact us for investment and collaboration at [email protected]

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