Blockchain Press Releases
Ethereum Upgrade Sparks Bybit’s Deposit Dash Event
DUBAI, UAE, March 18, 2024 /PRNewswire/ — Bybit, one the world’s top three crypto exchanges by volume, is rolling out the red carpet for both new and seasoned traders with its latest offering, “Deposit Dash.” This promotion marks the much-anticipated Ethereum Dencun Upgrade, a significant step toward enhancing the blockchain’s scalability and efficiency.
From March 13 until March 27, Bybit’s Deposit Dash offers a golden opportunity for cryptocurrency enthusiasts. New users who buy at least $100 worth of ETH through Fiat Deposit, One-Click Buy, or P2P Trading will be rewarded with $10 worth of mystery Layer-2 tokens or USDT. Additionally, participants engaging in Derivatives or Spot trading, or investing in Bybit Savings during the event period, will secure an extra bonus.
But the excitement doesn’t stop there. The Deposit Delight is part of a wider campaign running until April 7. During this time participants can earn up to 305 USDT in bonuses by simply registering and completing a series of tasks outlined on the event page. This spectacular event is open to both newcomers, who can unlock a generous bonus of up to 305 USDT, and existing users, who can earn up to 300 USDT in bonuses.
“We are thrilled to celebrate the Ethereum Dencun Upgrade by offering our users the chance to earn significant bonuses through our Deposit Dash and Deposit Delight events,” said Emily Bao, Web3 evangelist at Bybit. “This is a fantastic opportunity for both new and existing users to get involved, maximize their deposits, and explore the potential of Layer-2 tokens.”
This event is part of Bybit’s commitment to fostering a vibrant and accessible cryptocurrency ecosystem, where users can explore the latest innovations in blockchain technology while benefiting from generous rewards.
#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.
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Blockchain
AI Predicts China Will Ban High-Energy Blockchains
China, renowned for its significant role in the global cryptocurrency mining industry, is facing increasing scrutiny over the environmental impact of its growing blockchain sector. Concerns about carbon emissions and energy consumption are prompting regulatory bodies to take action.
To understand the future trajectory of this sector, we consulted leading AI platforms to predict the fate of eco-friendly digital currencies, often referred to as “green cryptocurrencies.”
Regulators worldwide are expected to focus on sustainability and reducing energy consumption in cryptocurrencies. This could lead to potential restrictions on high-energy blockchains. Green cryptocurrencies, such as Cardano, Algorand, and Tezos, utilize Proof of Stake (PoS) consensus mechanisms, significantly reducing their carbon footprint compared to traditional Proof of Work (PoW) systems like Bitcoin.
Bitcoin, the most well-known cryptocurrency, is under scrutiny due to its substantial energy demands.
A single Bitcoin transaction consumes a significant amount of electricity, which raises environmental concerns. As the focus on green technologies grows, it may influence Bitcoin’s price and the broader cryptocurrency market, potentially driving interest towards more sustainable alternatives.
On the global stage, responses to the crypto energy crisis vary. Some countries like Sweden and Iceland have embraced green crypto mining due to their renewable energy sources. However, China, once a leader in crypto mining, is predicted to implement a ban on high-energy blockchains to address environmental degradation associated with these activities.
This anticipated ban could encourage other nations to consider similar measures or adopt more sustainable practices in crypto mining. The collective shift towards green crypto could reshape the economic and environmental landscape of digital finance, creating a new paradigm where technology and sustainability coexist for global benefit.
Source: cyrptonews.com
The post AI Predicts China Will Ban High-Energy Blockchains appeared first on HIPTHER Alerts.
Blockchain
German Bank Set to Tokenise Bonds, Drive Blockchain Adoption: Details
The finance sector worldwide is increasingly exploring blockchain technology, which offers permanent transaction records and reduces reliance on centralized Web2 servers. Germany’s Kreditanstalt fuer Wiederaufbau (KfW), the third-largest state-owned bank, is now joining this trend by planning to issue its first blockchain-based digital bond. This move not only marks KfW’s entry into blockchain but also aims to drive wider adoption of the technology.
The bond KfW plans to issue will be tokenized, essentially creating a virtual representation of the bond on a blockchain to validate its transactional history and ownership. Tokenization offers several advantages, including the automation of interest payments and maturity settlements, as well as reducing the need for intermediaries, thereby cutting overall transaction costs.
Melanie Kehr, Member of the Executive Board of KfW Group, described the planned bond issuance as a “crypto security” and emphasized the bank’s commitment to innovation.
Source: gadgets360.com
The post German Bank Set to Tokenise Bonds, Drive Blockchain Adoption: Details appeared first on HIPTHER Alerts.
Blockchain
Pair jailed for £5.7m cryptocurrency scam
Two men, Jake Lee and James Heppel, have been sentenced to jail for stealing over £5.7 million worth of cryptocurrency from victims globally. Identified by the South West Regional Organised Crime Unit (SWROCU), the pair targeted 55 victims across 26 countries, including 11 from the UK. Lee received a four-year prison term, while Heppel was sentenced to 15 months.
The fraud involved replicating the website of the cryptocurrency exchange Blockchain.com to access victims’ Bitcoin wallets, enabling them to steal funds and login details. The police confiscated various assets, including £551,000 in cash, £64,000 worth of cryptocurrency, and a Banksy print valued at £60,000.
Lee was ordered to pay nearly £1 million as part of a confiscation order to compensate victims, with similar proceedings underway for Heppel. The investigation began when Lee was arrested on suspicion of money laundering, leading to the discovery of the cryptocurrency scam involving Heppel. Detective Superintendent Matt
Source: bbc.com
The post Pair jailed for £5.7m cryptocurrency scam appeared first on HIPTHER Alerts.
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