Blockchain Press Releases
Portal Announces Mainstream Esports Activation with DOTA2
The next-gen gaming ecosystem launches the first in a series of Esports activations with leading gaming titles
LONDON, March 20, 2024 /PRNewswire/ — Portal, the market leader in next-gen gaming, today announces a global Esports tournament as part of its activation with DOTA2, one of the largest gaming titles in history. The tournament marks a significant stride in Portal’s mission to reshape the competitive gaming arena while establishing itself as the go-to hub for gamers worldwide. The tournament will also feature exclusive ‘Portal Chests’, featuring DOTA2 in-game items that can be redeemed by DOTA2 players. Portal Chests are available solely through Portal and can be purchased in $PORTAL.
Portal is set to host the ‘Portal DOTA2 World Invitationals‘. Running from March 28 to 31, this world-class Esports tournament will span multiple countries and see 8 top-tier Esports teams battle for a substantial prize pool of $100,000 – teams to be announced from Portal’s Twitter shortly. Streamed across all major platforms including YouTube and Twitch, it’s Portal’s first foray into the competitive Esports world – a space where it intends to become a major player in over the coming years.
The prize pool is as follows:
- 1st Place Champion: USD50,000
- 2nd Place: USD25,000
- 3rd Place: USD10,000
- 4th Place: USD7,000
- 5th – 6th Place: USD4,000
- 7th – 8th Place: USD2,500
Esports enthusiasts from around the globe can look forward to thrilling matches and fierce competition. This collaboration marks a significant milestone as Portal becomes one of the first next-gen organizations to enter an Esports activation with a mainstream Esports titan like DOTA2.
The tournament also sees the rollout of ‘Portal Chests’. Each Portal Esports activation will include Portal Chests filled with items from a different gaming IP – the Portal DOTA2 World Invitationals, of course, have DOTA2-themed Chests. For the Portal D2WIs, the Chest takes the form of a digital collectible exclusively on Portal that enables its holders to redeem a range of in-game items. Portal is enhancing Esports viewership and fan experiences through items like the Portal Chest. The Chests are available to viewers and DOTA2 fans exclusively via Portal, and can be purchased in $PORTAL.
Portal is providing gaming fans around the world new ways to connect with the games they love – through Esports, digital collectibles, streaming and more. The Portal DOTA2 World Invitationals is the first in a series of activations bringing next-gen tech to mainstream gaming IPs.
With over 50 million Daily Active Users and $873M in all-time revenue, DOTA2 is a powerhouse in the Esports world, generating nearly $300 million from the DOTA2 Battle Pass between September 1 and January 12, 2022. Its players can earn significant rewards, with the top earning player, Johan “N0tail” Sundstein boasting an impressive $7.1M in total eSports earnings. The titanic success of the popular multiplayer online battle arena (MOBA) game developed by Valve Corporation extends beyond individual players and teams. The game’s massive player base, in-game purchases, and esports events contribute to its overall revenue.
“We’re incredibly excited to announce this landmark activation. We’re entering uncharted territory – a collaboration between a next-gen gaming ecosystem and a mainstream gaming title” said the portal team. “The global reach of DOTA2 ensures that this activation will resonate with players and fans worldwide. We’re excited to be giving DOTA2 players new ways to connect with the game they love – through Esports and much more to come!
For more information, please visit www.portalesports.com
YouTube: https://www.youtube.com/channel/UCr1D0VCpaNJnWX6IgVCY0lw
Twitch: https://www.twitch.tv/portalesportshq
Twitter: https://twitter.com/Portalcoin
Twitter: https://twitter.com/PortalEsportsHQ
About Portal
Portal is the next-gen gaming platform and publisher. Through market-leading tech products and a world-class entertainment network, Portal is redefining the way games and gamers connect.
The Portal Ecosystem is composed of multiple interconnected elements; with 200+ partner games at launch, Portal is solving distribution for good by bringing the best of gaming into one ecosystem.
Follow on X (Twitter) at https://twitter.com/Portalcoin
Esports site: portalesports.com
Site: portalgaming.com
About the Portal DOTA2 World Invitationals
The inaugural Portal DOTA 2 World Invitationals will run from March 28 to 31, in partnership with DOTA2, a top multiplayer online battle arena (MOBA) video game by Valve. This world-class Esports tournament spans multiple countries and will see 8 top-tier Esports teams battle for a substantial prize pool of $100,000. Streamed across all major platforms including YouTube and Twitch, it marks Portal’s first foray into the competitive Esports world – space where it intends to become a major player in over the coming years. This major initial activation featuring Portal Chests will continue the rapid, impressive scale or the Portal brand and ecosystem, and further drive $PORTAL adoption.
Photo – https://mma.prnewswire.com/media/2367204/Thumbnail___Portal_Dota2_World_Invitatiionals.jpg
View original content:https://www.prnewswire.co.uk/news-releases/portal-announces-mainstream-esports-activation-with-dota2-302095132.html
Blockchain Press Releases
ALL INDIVIDUALS WHO PURCHASED OR ACQUIRED IMPACT THEORY FOUNDER’S KEYS BETWEEN OCTOBER 13, 2021, AND DECEMBER 6, 2021
COSTA MESA, Calif., Feb. 24, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., Fund Administrator for the United States Securities and Exchange Commission, regarding the Impact Theory Fair Fund and Plan of Distribution.
NOTICE OF FAIR FUND DISTRIBUTION PLAN
In the Matter of Impact Theory, Inc.
Administrative Proceeding File No. 3-21585
For more information, visit www.ImpactTheoryFairFund.com
The United States Securities and Exchange Commission (“SEC”) has settled administrative proceedings (the “Order”) against Impact Theory (the “Respondent”). In the Order, the SEC found that from October 13, 2021, to December 6, 2021, Impact Theory violated Sections 5(a) and 5(c) of the Securities Act by offering and selling crypto asset securities known as Founder’s Keys without having a registered statement filed or in effect with the SEC or qualifying for an exemption from registration.
The SEC ordered the Respondent to pay $5,120,718.27 in disgorgement, $483,195.90 in prejudgment interest, and a $500,000.00 civil money penalty, for a total of $6,103,914.17, to the SEC. The SEC also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty collected, along with the disgorgement and interest collected, could be distributed to harmed investors (the “Fair Fund”).
The Fair Fund will be paid out according to the Plan of Distribution (“Plan”).
A summary of the eligibility criteria and claims process is below. Full details are available at www.ImpactTheoryFairFund.com. You may also request a copy of the Plan from the Fund Administrator via email at [email protected] or by calling 833-285-3401.
Who is eligible to receive a payment from the Fair Fund? To receive a payment, you must have:
- purchased or acquired Founder’s Keys between October 13, 2021, and December 6, 2021;
- submitted a timely Claim Form;
- suffered a Recognized Loss as calculated under the Plan; and
- not been an Excluded Party under the Plan.
How do I submit a Claim? The easiest way to submit a claim is online at the Impact Theory Fair Fund website: www.ImpactTheoryFairFund.com. Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time on August 15, 2025.
If you are unable to submit a Claim Form online and/or you have lost relevant credentials associated with wallets and/or exchanges required as part of an online claim, you may request a copy of the paper Claim Form from the Fund Administrator via email at [email protected] or by calling 833-285-3401. You may also download a copy of the Claim Form to print at: www.ImpactTheoryFairFund.com. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, then received) by August 15, 2025.
The Fund Administrator will send a Determination Notice advising each claimant who timely submitted a Claim Form of their eligibility determination and will provide a calculation of Recognized Loss to those determined to be Eligible Claimants. The Fund Administrator may consider disputes of an Eligible Claimant’s Recognized Loss calculation if timely submitted in accordance with the Plan.
This notice is a summary. For more information, visit
www.ImpactTheoryFairFund.com
View original content:https://www.prnewswire.co.uk/news-releases/all-individuals-who-purchased-or-acquired-impact-theory-founders-keys-between-october-13-2021-and-december-6-2021-302382059.html
Blockchain Press Releases
Fully Backed Within 72 hours: Bybit Maintains 1:1 Customer Assets Ratio in Latest Proof of Reserves Audited Report by Hacken
DUBAI, UAE, Feb. 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has completed a fresh round of audit on Feb. 23, 2025 conducted by leading cybersecurity firm Hacken. The independent third-party report is published after Bybit restored reserves levels to a 1:1 ratio for in-scope digital assets within 72 hours following a major incident on Friday, Feb. 21.
A full audit of all relevant wallets containing 40 asset types, by way of proof of liabilities and ownership, verified that Bybit possesses sufficient reserves to cover user assets 1:1 across the board. Key assets including BTC, ETH, SOL, USDT and USDC exceed 100% collateral ratios on Bybit. Held to high standards of transparency and prudence, Bybit reaffirms its commitment to fiscal vigilance and customer protection under all circumstances.
“Bybit fully backs all customer assets entrusted to our platform, maintaining a dynamic ratio of over 1:1,” said Ben Zhou, Co-founder and CEO of Bybit. “We are fortunate to have all-weather friends in a cut-throat industry—our peers and even competitors stood with us during challenging times, and our customers deserve the same level of commitment,” he added.
Key Highlights of Bybit’s 19th PoR Audit:
- Comprehensive Audit Process: Hacken conducted an extensive audit of Bybit’s liabilities, utilizing the Merkle tree to verify the integrity of the assets reported.
- User Address Verification: Hacken obtained information from Bybit management regarding all public key addresses holding in-scope assets and verified expected blockchain transactions to confirm control and ownership.
- Rigorous Validation Procedures: The validation process included a thorough review using the official Merkle proof validation methods, ensuring the accuracy of the reported liabilities.
“Bybit’s focus on transparency through regular Proof of Reserves audits and independent assessments sets a strong standard within the industry. We appreciate being part of this important initiative during this critical period,” said Yevheniia Broshevan, Co-Founder & CBDO at Hacken.
As of Feb. 24, Bybit fully closed the ETH gap of client assets within 72 hours. This was achieved through strategic partnerships with firms like Galaxy Digital, FalconX, and Wintermute, along with support from Bitget, MEXC and DWF Labs, who helped Bybit replenish the reserves in record time. The rapid execution of these funding strategies underscores Bybit’s robust industry relationships and its capability to maintain platform stability during challenging times, reflecting the industry’s shared vision of a new era of reliable financial system.
By prioritizing independent verification and comprehensive audits, Bybit reinforces its commitment to user trust and transparency. The exchange regularly reviews best practices, emergency responses, and security infrastructure to meet the rising challenges and demands in the digital asset industry.
Bybit’s Proof of Reserves: https://www.bybit.com/app/user/audit-report
#Bybit / #TheCryptoArk / #ProofofReserves / #PoR
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/fully-backed-within-72-hours-bybit-maintains-11-customer-assets-ratio-in-latest-proof-of-reserves-audited-report-by-hacken-302383417.html
Blockchain Press Releases
Bybit Invests $1M in EthicHub Through Blockchain for Good Alliance to Drive Agricultural Finance for Global Farming Communities
DUBAI, UAE, Feb. 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, proudly announces a $1 million impact investment in EthicHub, facilitated through the Blockchain for Good Alliance (BGA).
Since pioneering the Blockchain for Good Alliance in April 2024, Bybit has championed the use of blockchain innovations to solve real-world challenges. EthicHub, a key project supported by the BGA Incubation Programme and the Grand Social Impact Award winner at the BGA Web3 Oscar, exemplifies this vision by leveraging blockchain to drive financial inclusion and empower smallholder farmers. This investment aligns with Bybit’s commitment to leveraging blockchain technology for tangible social impact, driving financial inclusion for smallholder coffee farmers in emerging markets.
Empowering Sustainable Coffee Farming Through Ethical Finance
EthicHub is revolutionizing agricultural finance by integrating productive lending, blended finance, and market access. With this $1 million investment, Bybit will establish the “Bybit Pool”, a dedicated fund within the EthicHub ecosystem designed to provide ethical credit lines to small and medium-sized coffee farmers.
This initiative will empower farmers to break free from exploitative lending practices, improve productivity, and secure fair prices for their coffee. Additionally, it aligns with Bybit’s broader mission of bridging the gap between blockchain solutions and real-world economic transformation.
Key Highlights of the Investment Agreement:
- Exclusive Fund: Bybit’s investment will be managed exclusively within the EthicHub ecosystem, ensuring transparency and accountability.
- Sustainable Social Impact: The fund provides direct financial access to coffee farmers, fostering economic resilience in rural communities.
- Fair Financial Returns: Bybit will receive an 8% annual return over a 15-month term, demonstrating the viability of impact investing.
- Transparency & Reporting: LendingDev, EthicHub’s operator, will provide quarterly performance updates and comprehensive end-of-term reporting.
A New Era of Blockchain-Powered Social Good
Bybit’s investment exemplifies how blockchain-powered finance can drive sustainable change. Through BGA’s role in fostering strategic collaborations, this initiative paves the way for blockchain adoption in real-world economic empowerment.
“Blockchain has the power to unlock new financial opportunities for those historically excluded from traditional banking systems. Our $1 million investment in EthicHub reinforces Bybit’s dedication to using innovation for real-world impact, proving that blockchain can be both profitable and transformative,” said Helen Liu, Chief Operating Officer at Bybit.
Gabriela Chang, CSO & Co-founder of EthicHub added: “Bybit’s commitment is a game-changer for our mission. This investment will directly support smallholder coffee farmers, enabling them to increase productivity, access fair financing, and secure better market opportunities. It is an example of how blockchain can create real-world solutions for pressing global challenges.”
Case Study: EthicHub’s Impact – How Neri Ortiz Transformed His Future
For generations, smallholder coffee farmers like Neri Ortiz in Motozintla, Mexico, faced relentless challenges: unstable coffee prices, predatory lenders, and limited market access. With no financial safety net, many were forced to abandon farming altogether.
The introduction of EthicHub changed everything. By offering fair, blockchain-powered financing, EthicHub provided Neri and his cooperative with the resources to improve production, invest in sustainable farming techniques, and eliminate exploitative middlemen. For the first time, they could sell directly to specialty coffee buyers at fair market prices.
This access to ethical lending transformed not just Neri’s farm but his entire outlook. He began experimenting with quality-enhancing techniques like controlled fermentation, which boosted the value of his coffee. With newfound financial stability, he reinvested in his farm, secured better futures for his family, and began mentoring other farmers to do the same.
Bybit’s investment in EthicHub ensures that more farmers like Neri can break free from financial hardship, build resilient livelihoods, and sustain the agricultural traditions that feed global coffee markets. This is the power of blockchain-driven impact investing—real solutions for real people, transforming entire communities.
Join the Movement
Bybit invites fellow blockchain innovators and socially responsible investors to explore the possibilities of blockchain-powered impact investments. By working together, the industry can drive sustainable economic solutions that benefit both investors and underserved communities.
For more details on EthicHub’s initiatives, visit EthicHub Website.
#Bybit / #TheCryptoArk /#BGA
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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/2625743/Bybit_Invests__1M_EthicHub_Through_Blockchain_Good_Alliance_Drive_Agricultural.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-invests-1m-in-ethichub-through-blockchain-for-good-alliance-to-drive-agricultural-finance-for-global-farming-communities-302382989.html
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