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Blockchain Press Releases

Bitget’s MD Gracy Chen Invited to Spotlight Gender Equality Initiatives at UN Women’s Commission

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VICTORIA, Seychelles, March 15, 2024 /PRNewswire/ — Bitget, the leading cryptocurrency exchange and Web3 company, is announcing its participation in the UN Women’s  68th annual Commission on the Status of Women (CSW68). The event is the most significant annual gathering on gender equality and women’s empowerment, which is set to take place from March 11 to 22 in New York. Bitget’s Managing Director, Gracy Chen, has been invited to join the event as a delegate to underscore the company’s commitment to empowering women and advancing gender equality in the Web3 space. She will also share her personal insights and engage in discussions on how Bitget contributes to promoting gender inclusivity in the tech and blockchain sectors.

Gracy Chen emphasized Bitget’s commitment to gender equality, stating:

“Empowering women to assume leadership roles and providing equal opportunities is the cornerstone of Bitget’s Blockchain4Her initiative. I’m thrilled to be part of the UN Women’s annual meeting, where we can share our insights and learn from esteemed leaders in the field. This delegation enables us to refine our strategies further and align our goals with organizations worldwide, driving meaningful change in gender equality and diversity more effectively in our space,” as Gracy Chen reiterated the exchange’s commitment to reaching higher gender equality standards.

The 68th annual Commission on the Status of Women will be devoted to the topic of “Accelerating the achievement of gender equality and the empowerment of all women and girls by addressing poverty and strengthening institutions and financing with a gender perspective”. The UN’s statistics indicate that globally 0.3% of women live in extreme poverty, underscoring the urgent need to accelerate progress to achieve Sustainable Development Goals by 2030, necessitating an additional $360 billion in investment.

If the UN’s goals regarding investments are met, over 100 million women and girls could be lifted out of poverty. Governments willing to emphasize education and family planning, fair and equal wages, and expanded social benefits can contribute to almost 300 million jobs being created by 2035, closing gender gaps in employment and boosting the Gross Domestic Product (GDP) per capita by 20% across all regions.

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Bitget’s dedication to gender equality is evident in its initiatives, including female-oriented campaigns and programs.  A recent study on the topic of gender equality conducted by the exchange’s research division highlighted the existing gender gap in terms of funds raised by blockchain startups during 2022-2023. The report revealed that female-led blockchain startups secured only 6% of the overall funding, and the share of female-led startups is 8%.

In January, Bitget launched the $10 million Blockchain4Her initiative aimed at promoting gender diversity and inclusivity in the blockchain industry. The program has been already joined by several female industry leaders.

Bitget’s core values envision a more equitable future world shaped by the evolution of Web3 and crypto, where empowerment extends to diverse groups regardless of cultural backgrounds, financial status, age, or gender. The exchange has taken a proactive stance regarding inclusivity in the Web3 environment, attracting female opinion leaders to act as role models for up-and-coming and aspiring individuals willing to develop in the blockchain industry.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

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For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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Blockchain

Blocks & Headlines: Today in Blockchain (Chainlink Labs, BlackRock, Fidelity, Dynamite Blockchain)

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Exploring the Frontlines of Blockchain Innovation and Adoption

The blockchain industry continues to shape the future of finance, governance, and technology. Today’s briefing covers a range of key developments, from Australia’s crypto crackdown to Chainlink Labs’ expansion, Nevada’s innovative blockchain-driven electoral security, and updates on institutional Bitcoin adoption.


Australia’s Crypto Shakeup: A Looming Exodus for Blockchain Startups?

Australia’s blockchain and crypto sectors face a tumultuous period as nearly 30% of the country’s crypto-related businesses are projected to close operations by 2024. This decline follows increased regulatory scrutiny and diminishing investor confidence, as outlined in a report by KPMG.

The tightening regulatory environment has fueled debates about whether these measures protect consumers or hinder innovation. Advocates argue that clear regulations are crucial for building trust and stability in blockchain ecosystems, while critics fear they might stifle entrepreneurial spirit in the country.

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This development could serve as a cautionary tale for other nations walking the fine line between fostering innovation and enforcing compliance.

Source: Cointelegraph


Breaking Down Institutional Bitcoin Adoption

Institutional adoption of Bitcoin is on the rise, marking a significant milestone for blockchain’s integration into mainstream finance. A new report reveals how companies are leveraging Bitcoin as a reserve asset, while financial giants explore Bitcoin-backed investment products to attract both retail and institutional clients.

While adoption is accelerating, barriers remain. Regulatory uncertainty, volatility, and infrastructure gaps hinder broader integration. However, with asset managers like BlackRock and Fidelity increasingly embracing Bitcoin ETFs, institutional interest appears to be solidifying the cryptocurrency’s position as “digital gold.”

This trend signifies blockchain technology’s growing legitimacy in traditional financial systems, offering a pathway for further innovation and integration.

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Source: Bitcoinist


Nevada Implements Blockchain for Election Security

In a pioneering move, Nevada has integrated blockchain technology to enhance electoral security and prevent fraud. This development comes in response to a 2020 incident involving fraudulent electors, with blockchain now being used to verify the authenticity of electoral certificates and records.

The immutable and transparent nature of blockchain ensures tamper-proof data integrity, making it an ideal solution for secure electoral processes. Nevada’s initiative could serve as a model for other states and countries grappling with election integrity issues.

By leveraging blockchain for governance, Nevada showcases how this technology can go beyond finance to address critical societal challenges.

Source: 8 News Now

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Dynamite Blockchain Rebrands and Charts a New Path

Dynamite Blockchain has announced a strategic rebranding initiative to align its corporate vision with emerging trends in decentralized finance (DeFi), non-fungible tokens (NFTs), and enterprise solutions. The rebranding effort includes an updated logo, a new corporate mission, and a pivot toward offering scalable blockchain solutions for businesses.

The company’s refreshed focus aims to position Dynamite Blockchain as a leader in enterprise blockchain adoption, helping organizations integrate decentralized solutions seamlessly into their existing frameworks.

This rebranding underscores the importance of adaptability in the rapidly evolving blockchain space, where staying relevant often means redefining one’s identity.

Source: GlobeNewswire


Chainlink Labs Expands to Abu Dhabi Global Market (ADGM)

Chainlink Labs, the developer of the blockchain oracle network Chainlink, has established a new presence in the Abu Dhabi Global Market (ADGM). This strategic expansion aims to tap into the Middle East’s growing blockchain ecosystem and foster collaborations with financial institutions in the region.

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By entering ADGM, Chainlink Labs signals its intent to advance blockchain-powered financial solutions, with a focus on enhancing smart contract utility and adoption. The move also underscores the region’s increasing role as a hub for blockchain innovation.

This expansion reinforces Chainlink’s position as a key player in bridging on-chain and off-chain systems, further enabling the growth of decentralized applications worldwide.

Source: PR Newswire


Emerging Trends and Insights

  1. Regulatory Challenges: Australia’s crypto downturn reflects the broader tension between innovation and regulation, offering lessons for global blockchain players.
  2. Institutional Momentum: The rising adoption of Bitcoin by financial giants suggests a pivotal shift in the role of cryptocurrencies in traditional markets.
  3. Blockchain Beyond Finance: Nevada’s electoral security innovation highlights blockchain’s potential to address societal issues beyond financial services.
  4. Corporate Evolution: Dynamite Blockchain’s rebranding illustrates the industry’s emphasis on staying agile and forward-looking.
  5. Global Expansion: Chainlink Labs’ move into ADGM underscores the Middle East’s emergence as a critical blockchain innovation hub.

Key Takeaways

  • Blockchain’s application in governance and security, as seen in Nevada, demonstrates its potential for societal transformation.
  • Institutional adoption of Bitcoin is solidifying its status as a mainstream financial asset, even amid regulatory hurdles.
  • Strategic rebranding efforts, such as Dynamite Blockchain’s, reflect the dynamic nature of the blockchain industry.
  • Expansions into regions like the Middle East signal blockchain companies’ focus on tapping into emerging markets.

 

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Blockchain Press Releases

Bybit Expands On-Chain Earn Offering with SUI Staking

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DUBAI, UAE, Dec. 10, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announces the addition of SUI to its On-Chain Earn platform, providing users the ability to participate in blockchain security while earning staking rewards. To mark this launch, a 12,000 SUI bonus pool will be available to eligible participants staking SUI during the event period.

Event Details

  • Duration: From now until Jan. 3, 2025, 11:59 PM (UTC)
  • Bonus Pool: 12,000 SUI, distributed proportionally based on participants’ staking amounts.

Key Features of SUI Staking on Bybit

  • Higher APY Potential: On-chain staking offers competitive annual percentage yields.
  • Simplified Process: Bybit handles minor fees and distributes daily staking rewards directly to users.
  • Support for Blockchain Decentralization: Staking supports the decentralization and security of blockchain networks.
  • Flexibility: Participants can stake and redeem with ease, offering both convenience and accessibility.

Staking Mechanics and Reward Distribution

Users staking SUI on Bybit’s On-Chain Earn during the event must maintain a staking period of at least 24 hours to qualify for earnings and the bonus pool. Rewards will be credited to users’ Funding Accounts daily at 6:00 AM UTC, with no limits on the potential daily SUI earnings.

“We are excited to enhance our On-Chain Earn platform with the addition of SUI staking,” said Joan Han, Sales and Marketing Director of Bybit. “This staking initiative reflects our commitment to empowering users with innovative and accessible ways to grow their crypto assets.”

Bybit On-Chain Earn is an easy-to-use staking service that lets users earn rewards by staking crypto directly on the blockchain. Staking can be complicated, often requiring technical expertise and specialized hardware. Bybit On-Chain Earn simplifies this process by managing all the complexities — gas fees, node operations, and reward distribution — so users can stake popular PoS cryptocurrencies like ETH and SOL with just a few clicks.

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Find out more: SUI-percharge with On-Chain Earn: Stake SUI to Earn up to 12,000 SUI

#Bybit / #TheCryptoArk

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides 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 Press Releases

Bybit Launches On-Chain Earn: Up to 3% APR with $cmETH and Guaranteed ETH Rewards

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DUBAI, UAE, Dec. 10, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the launch of its cmETH On-Chain Earn Party, offering users the opportunity to earn up to 3% APR by pledging $cmETH during the event period from Dec. 2, 2024, 10:00 UTC, to Feb. 28, 2025, 23:59 UTC.

This innovative program is designed to simplify Ethereum staking, providing guaranteed bonus ETH yields, seamless daily payouts, and effortless one-click convenience. Bybit On-Chain Earn continues its commitment to delivering user-focused solutions that maximize rewards and reduce complexity for its community.

Why Choose $cmETH with Bybit?

  • Guaranteed Bonus Yield in ETH:
    Bybit eliminates the challenge of managing multiple staking rewards by offering a guaranteed ETH bonus yield for $cmETH holders, simplifying the staking process.
  • Daily Payouts:
    Enjoy daily ETH distributions directly credited to your Funding Account for effortless earnings access.
  • One-Click Convenience:
    Bybit makes staking easy with a seamless process to mint $cmETH from ETH or restake $mETH to $cmETH with just one click.

“At Bybit, we are committed to empowering our community with innovative and user-friendly crypto solutions,” said Joan Han, Sales and Marketing Director of Bybit. “With On-Chain Earn, we’re providing an effortless and rewarding way for users to make the most of their holdings, reaffirming our dedication to simplifying the crypto experience while maximizing benefits.”

Bybit’s On-Chain Earn reflects its dedication to empowering users with simple, efficient, and rewarding cryptocurrency solutions. To learn more about eligibility, snapshot criteria, and additional details, visit the Bybit On-Chain Earn page.

#Bybit / #TheCryptoArk

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides 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

Photo – https://mma.prnewswire.com/media/2577753/Bybit_Launches_On_Chain_Earn_Up_3__APR__cmETH_Guaranteed_ETH.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg 

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