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Blockchain Press Releases

“Mellow”: A Leap into the Martian Metaverse – Official Early Access Date Announced

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SEOUL, South Korea, March 15, 2024 /PRNewswire/ — The Mars, a Korean developer in the metaverse game industry, has set March 28 as the official early access date for its eagerly anticipated Mars-themed multiplayer metaverse mobile game, “Mellow”. This announcement has sparked a wave of excitement across both the tech and crypto communities, culminating in a dramatic 130% increase in the value of its main token, $MRST. The significant surge in the Mars Token ($MRST) underscores the growing enthusiasm and confidence among gamers and investors, highlighting the game’s potential to redefine the metaverse gaming landscape and generating keen interest in its launch.

“Mellow” offers a unique opportunity to explore a Martian colony, replete with immersive lifestyle elements, mini-games, and now, the newly introduced thrilling obstacle run game and an avatar level-up feature akin to MMORPGs. This addition promises a richer, more engaging player experience, blending the thrill of exploration with the satisfaction of character progression.

In “Mellow”, players are invited to customize their avatars and personal spaces, utilize various vehicles for exploration, engage in social interactions through animations, participate in real-time sports, and express their creativity in numerous ways. Set against the backdrop of a serene Martian society, “Mellow” aims to provide a tranquil and leisurely virtual environment, far removed from the bustle of Earthly life.

The Mars team’s vision for “Mellow” extends beyond mere entertainment. They aim to craft a metaverse that embodies tranquility and comfort, offering an escape to a world “Better than Earth”. With the introduction of building ownership, sports activities, and communal hobbies, “Mellow” positions itself as a diverse platform catering to a wide range of interests and activities.

As the early access date approaches, potential players and crypto enthusiasts are invited to partake in this pioneering journey to Mars. The increase in the $MRST token’s value indicates growing interest and confidence in “Mellow’s” ability to be successful in the gaming and metaverse landscapes.

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With an array of events planned around the early access launch, The Mars spokesperson expressed, “We have prepared an array of diverse events leading up to the early access launch, surpassing our previous endeavors. We eagerly await your interest and active participation.”

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Blockchain Press Releases

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

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DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week.

Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January.

Key Insights:

ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors’ expectation of a more crypto-friendly SEC Chair after Gensler’s last day on Jan. 20, 2025.

BTC price in retreat: BTC price’s ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.

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ETH options – bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.

Access the Full Report:

Read the full report in context here.

#Bybit / #TheCryptoArk /#BybitResearch

About Bybit

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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

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Blockchain Press Releases

BGAMING AWARDED PERU SUPPLIER LICENCE

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GZIRA, Malta, Nov. 28, 2024 /PRNewswire/ — Popular iGaming content provider BGaming has secured a highly sought-after licence in Peru, marking a significant milestone in its expansion across LatAm.

BGaming’s technical system of gaming software and its engaging portfolio have been officially approved by the gambling regulator Mincetur, a national administrative authority which implements and oversees all aspects of online gaming and sports betting in Peru. By receiving the B2B certification, BGaming broadens its appeal with local licenced operators in the newly regulated market.

The licence also opens up more opportunities for BGaming to expand its business and strengthen its position in the wider LatAm region, where it has enjoyed significant attention in the last 12 months.

Marina Ostrovtsova, CEO at BGaming, said: “Securing the Peru licence marks a pivotal moment in BGaming’s global expansion. This certification not only strengthens our presence in Latin America but also underscores our commitment to bringing high-quality, immersive gaming experiences to new audiences.

“We are excited about the opportunities this will unlock, both in terms of growth and the reception of our slots in this new market.”

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BGaming is a fast-growing iGaming content provider converting gambling into gaming. Thanks to an expert team and a player-driven approach, the studio creates innovative and engaging products featured on reputable platforms and 1,000+ online casinos worldwide. BGaming is the world’s first to support cryptocurrencies and offer Provably Fair games. Today the brand’s portfolio includes 100+ products with HD graphics and a clear user interface for every device. The studio is also known for its brand exclusives created in partnerships with leading operators in the industry.

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Blockchain Press Releases

KryptoGO Leads the Way with Top-Tier Wallet Security Standards

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TAIPEI, Nov. 28, 2024 /PRNewswire/ — KryptoGO, a leader in Web3 financial infrastructure, has taken another groundbreaking step to ensure unparalleled user and enterprise safety by completing a rigorous security audit aligned with industry-leading methodologies. This milestone solidifies KryptoGO’s position alongside globally trusted platforms like 1Password, Metamask, and Trust Wallet, known for their exceptional security standards.

The audit, conducted with methodologies comparable to those used for 1Password—a benchmark in secure password management—focused on ensuring KryptoGO’s mobile applications, backend systems, and API endpoints meet the highest security standards. 1Password’s robust security features, such as end-to-end encryption, zero-knowledge architecture, and constant vulnerability testing, serve as the foundation for KryptoGO’s enhanced protection framework.

Demonstrating Excellence in Cybersecurity

KryptoGO has consistently showcased its expertise in security through achievements in prominent cybersecurity competitions and hackathons. Recognized for exceptional performance in events like 2024 BlazCTF, ETH Tokyo Hackathon, and ETH Taipei Hackathon, KryptoGO has solidified its reputation as a trusted innovator.

This audit marks another significant step forward, addressing potential vulnerabilities and reaffirming KryptoGO’s ability to safeguard user assets in an increasingly complex Web3 landscape. Notably, the findings resulted in a 50% reduction in vulnerabilities compared to prior assessments, demonstrating tangible progress in security hardening.

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Why Security in Web3 Wallets Matters

In the Web3 ecosystem, wallets act as critical gateways, holding sensitive keys that grant users exclusive control over their digital assets. A single security lapse can lead to catastrophic consequences, including the loss of assets and the erosion of user trust.

Recognizing this, KryptoGO employs a multi-layered approach to private key management, ensuring the highest levels of security and reliability for its users:

  • Device-Level Encryption: Private keys are encrypted with a Device Encryption Key and securely stored in the device’s protected environment (Keychain for iOS and Keystore for Android). Access to these keys is tightly controlled through biometric authentication, preventing unauthorized access.
  • Password Protection with Argon2: For users who opt for password backups, KryptoGO utilizes Argon2-HMAC-SHA256 with 310,000 iterations to derive an Account Unlock Key (AUK). This industry-standard process, aligned with NIST guidelines, offers robust resistance to brute-force attacks while ensuring compatibility across a broad range of devices.
  • Cloud Backup with Shamir’s Secret Sharing: To enhance convenience and accessibility, KryptoGO employs Shamir’s Secret Sharing Scheme (SSS) for password-free cloud backups. This approach splits private keys into multiple fragments (Key Shares) stored across diverse platforms like iCloud and Google Drive. Restoration is possible with any two fragments, ensuring data availability without compromising security.

These measures collectively address the most critical challenges in wallet security:

  • Token Integrity: Robust lifecycle management prevents impersonation or unauthorized access.
  • Advanced Encryption Standards: Sensitive wallet data and transactions are safeguarded by cutting-edge cryptographic techniques.
  • Resilience Against Data Loss: Diverse and secure backup options ensure users can recover their wallets without fear of permanent loss.
  • Access Control Enhancements: Multi-layered authentication mechanisms safeguard accounts.
  • Secure APIs: Backdoor vulnerabilities and information leaks are actively prevented.

Results That Build Trust

The rigorous Cure53 audit, leveraging white-box and gray-box penetration testing, verified KryptoGO’s resilience against security threats. Cure53’s global reputation for securing critical systems further amplifies the credibility of KryptoGO’s security achievements. The resolution of key vulnerabilities identified during the audit, including token mismanagement and API access concerns, reflects KryptoGO’s dedication to continuous improvement and operational excellence.

Raising the Bar for Web3 Security

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By achieving security certifications on par with 1Password and other leading platforms, KryptoGO has set a new benchmark for wallet safety in the Web3 era. These advancements empower users to confidently manage their digital assets while positioning KryptoGO as the trusted partner for enterprises seeking high standard and scalable blockchain solutions.

About KryptoGO

KryptoGO is a pioneer in Web3 solutions, providing secure, compliant, and user-friendly wallet services. Focused on stablecoin payment infrastructure and asset management, KryptoGO empowers businesses to seamlessly transition into the decentralized economy, backed by cutting-edge technology and industry best practices.

For more information on how KryptoGO can support your Web3 business needs, please visit www.kryptogo.com or contact us directly.

Media Contact: [email protected]

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Learn more: www.kryptogo.com | X | LinkedIn

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