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Fostering Trust in Crypto: Bybit CEO Advocates Integrity & Collaboration at DACOM Singapore

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DUBAI, UAE, March 22, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, is pleased to share the key insights shared by its Co-founder and CEO, Ben Zhou, during his participation in a keynote session at DACOM Singapore 2024. Zhou’s contributions delved into Bybit’s strategic focus on user experience, commitment to market integrity, and proactive engagement with regulatory bodies amidst the evolving landscape of the cryptocurrency industry.

Addressing Misconceptions and Fostering Understanding

Zhou addressed prevalent misunderstandings surrounding decentralized finance (DeFi) and its relationship with traditional financial systems. He highlighted the industry’s efforts to bridge the gap and collaborate with regulators, emphasizing the value proposition of cryptocurrencies as a choice, particularly for regions with struggling traditional financial infrastructures.

Navigating Regulatory Terrain

Zhou reiterated Bybit’s proactive stance towards regulatory engagement, emphasizing the importance of constructive dialogue and compliance with diverse regulatory frameworks. He emphasized the significance of maintaining market integrity and preventing manipulative practices, especially given Bybit’s focus on serving institutional clients.

Institutional Adaptability and Industry Outlook

Offering insights into the future trajectory of the industry, Zhou predicted a continued increase in institutional participation and a growing trend towards self-custody among retail investors. He stressed the importance of agile decision-making and adaptability in navigating the dynamic landscape, underscoring Bybit’s commitment to evolving alongside market demands.

Hybrid Solutions and Interoperability in DeFi

Zhou emphasized the dynamic evolution of decentralized finance, asserting, “The landscape isn’t solely defined by full decentralization or complete centralization. Rather, there exists a diverse spectrum of hybrid DeFi models.” He underscored the industry’s trajectory towards interconnectedness and interoperability, highlighting hybrid solutions as pivotal in bridging conventional and decentralized financial frameworks.

Collaborative Growth Initiatives

Zhou reiterated the importance of collaboration with regulatory authorities, particularly central banks, in facilitating licensing procedures and enabling financial service innovation. He acknowledged the challenges inherent in engaging with regulators across various jurisdictions, highlighting the imperative of collaboration and compliance to foster industry growth and legitimacy.

Shaping a Resilient Cryptocurrency Future

Bybit’s participation at DACOM Singapore 2024 exemplifies its dedication to enhancing user experience, addressing regulatory challenges, and driving the continued evolution of the cryptocurrency ecosystem. 

#Bybit / #TheCryptoArk 

About Bybit

Bybit is one of the world’s top three crypto exchanges by trading volume with 25 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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First-Ever Creator Token Skyrockets to 100x – $DON, Launched by XCAD Network on Gate.io and MEXC, Delivers Stellar Performance on Day One

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XCAD Network, a leading Watch2Earn tokenisation platform for YouTubers, has achieved significant success with its first-ever full product creator token $DON, in collaboration with Donato Muñoz (TheDonato), a popular YouTube star with 40M+ subscribers and 7B views recognised for exciting content about video games. Since its launch on the 8th of May, the new creator token has soared to a 100x all-time high, now sitting at 43x at US$0.043, achieved a 24-hour trading volume of US$2.7 million, and attained an FDV of US$43 million, successfully redefining creator tokenisation and providing fans with unmatched access and rewards.

The new $DON token, launched and specifically tailored to meet the unique interests of TheDonato’s fanbase, features an array of exclusive benefits and engagement opportunities that capitalise on the growth of the creator economy. In anticipation of these perks, which include product rewards, exclusive raffle participation, and a significant role in influencing TheDonato’s content creation journey, the launch was live-streamed to the YouTuber’s 40M+ subscribers who have shown substantial enthusiasm by delving into purchasing the new creator token to enjoy these unique advantages.

Oliver Bell, CEO and Co-Founder of XCAD Network, expressed his excitement about the success of the new creator token launch: “Watching TheDonato’s fanbase rally behind the launch of the $DON token is incredibly affirming. It is a clear indication that our platform’s commitment to empowering content creators and engaging fans through innovative blockchain technology is resonating. This launch not only celebrates the success of TheDonato but also exemplifies our vision of transforming fan engagement into tangible rewards and opportunities. The imminent next steps involve launching the $DON token and integrating it into the XCAD app. This will enable fans to acquire and utilise the token to connect with Donato.”

Donato Muñoz (TheDonato) added: “The response from my fanbase to the $DON token has been overwhelmingly positive, marking a significant milestone early in its rollout. Their support is crucial to my growth as a content creator and illustrates the power of including fans directly in the content creation process. The launch was live-streamed to my fans, and it was an awesome event. We are just beginning this exciting journey together, and I am eager to explore how this collaborative approach will evolve, making content creation a more interactive and rewarding experience for every loyal supporter.”

Having onboarded YouTubers with over 800 million subscribers combined, XCAD Network is on a mission to bridge the gap between creators and their fans, while creating competitive advantages and additional monetary avenues for creators. The $DON token marks a crucial step in this journey by pushing TheDonato’s fanbase beyond the traditional boundaries of fan-creator interactions, developing a mutually rewarding relationship.

The post First-Ever Creator Token Skyrockets to 100x – $DON, Launched by XCAD Network on Gate.io and MEXC, Delivers Stellar Performance on Day One appeared first on HIPTHER Alerts.

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Blockchain Press Releases

Korea Blockchain Week 2024 Announces Esteemed Headline Speakers, Claiming its Crown as the World’s Pre-eminent Web3 Conference

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  • As Korea rises as the Web3 capital, Korea Blockchain Week 2024 sets out as the platform to navigate the action-packed market, as well as the confluence of Web3 innovations and institutional capital
  • The initial round of speakers unveiled include Ethereum Co-Founder Vitalik Buterin (Virtual), Evan Cheng from Sui Network, Mike Belshe from BitGo, and Yat Siu from Animoca Brands

SEOUL, South Korea, May 9, 2024 /PRNewswire/ — Korea Blockchain Week 2024, Asia’s premier Web3 festival, has announced its first batch of high-profile headline speakers for its much-anticipated return to Seoul. The seventh edition of Korea Blockchain Week (KBW) will take place 1-7 September 2024, with its flagship two-day “IMPACT” conference held between 3-4 September at the Walkerhill Hotels & Resorts, Seoul, South Korea.

KBW2024 is set to be one of the most anticipated global Web3 gatherings this year, building upon the success of its previous edition, which drew over 30,000 attendees and 250 speakers. Founded and organized by Web3 ecosystem builder, FACTBLOCK, and co-hosted by Asia’s leading Web3 VC fund, Hashed, this year’s KBW will cover the convergence of Web2 and Web3, underscoring the significance of Asia-powered growth, innovation and adoption that is fueling the global Web 3 ecosystem.

Seon-ik Jeon, CEO of FACTBLOCK; Founder and Host of KBW said: “KBW sets the benchmark for the highest calibre of global Web3 industry festivals and conferences. The continued return of our headline speakers, coupled with the addition of fresh luminaries to our roster, is a testament to the undeniable role KBW plays in capturing the confluence of Web3 innovations in the East and the West. As Korea, and Asia more broadly, emerge as the bellwether for Web3 adoption, this year’s KBW is poised to be the prime avenue to host impactful dialogues that underpins the renewed sense of optimism and excitement in today’s Web3 landscape.” 

Bringing together leading investors, builders and founders in Web3 and beyond, this year’s IMPACT conference will feature foundational themes for Web3’s future, including applications, infrastructure, tech stack, institutional interest, art and culture, and many more. The impressive speaker line-up includes returning speakers from its 2023 IMPACT conference, such as Ethereum Co-Founder, Vitalik Buterin (Virtual); Arthur Hayes from Maelstrom; Caroline Pham from CFTC; Ed Felten from Offchain Labs; Mike Belshe from BitGo; Mo Shaikh from Aptos Labs; Muneeb Ali from Trust Machines; Sergey Nazarov from Chainlink. It also welcomes new headline speakers including Aleksander Larsen from Sky Mavis; Eli Ben-Sasson from Starkware; Evan Cheng from Sui Network; Keone Hon from Monad; and Yat Siu from Animoca Brands. More speakers can be found on the KBW website. 

“Korea has garnered significant global interest due to its pool of talented developers in the realms of applications and content, which are crucial for widespread adoption,” said Simon Kim, CEO at Hashed. “Our goal for KBW2024 is to bring together distinguished speakers who can highlight the most captivating trends in the global blockchain market and shed light on the unique opportunities present in the Korean and Asian markets. By doing so, we aim to provide attendees with valuable insights and foster meaningful networking opportunities that drive innovation and collaboration in the industry.”

Gathering global industry leaders, top decision-makers and builders, the KBW2024 features its keystone conference IMPACT, along with other main events, which will be announced in the coming months. The super early bird pass for KBW 2024 is available from now until June 11, 2024. For more information and continued updates on Korea Blockchain Week 2024, please visit: https://koreablockchainweek.com/

Seonik Jeon, CEO of FACTBLOCK; Founder and Host of KBW is available for comments.
PR Newswire is the News Distribution Partner of the Korea Blockchain Week 2024.

About Korea Blockchain Week:

Founded by FACTBLOCK and co-hosted by Hashed, Korea Blockchain Week (KBW) is an annual global blockchain and web3 festival held in Seoul, South Korea, since 2018. It has been a gathering ground for the top global blockchain and web3 leaders and unifying diverse communities.

KBW curates multiple prestigious main events, including the flagship conference ‘IMPACT.’ This provides participants and attendees exclusive opportunities to exchange industry insights and indulge in an immersive blend of music, art, and culture, making KBW a unique and enriching experience for all involved.

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Blockchain Press Releases

Raiinmaker to make a splash on Yield App Angel Launchpad

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ROME, May 9, 2024 /PRNewswire/ — Raiinmaker, a Web3 and AI Technology company that has developed the Raiinmaker AI Super App and Raiinmaker Network is revolutionizing the monetization of users’ contribution to AI infrastructure. Today, Yield App proudly announced that an exclusive $200,000 allocation of Raiinmaker’s native token, $COIIN, will be the second-ever offering on its Angel Launchpad!

Established in 2018, Raiinmaker is on a mission to empower anyone with a smartphone anywhere in the world, to earn cryptocurrency through training AI models and running an independent validator node. By leveraging groundbreaking Web3 and AI technology, Raiinmaker provides a decentralized platform for AI developers and validators to collaborate securely and exchange AI models.

Validators on Raiinmaker earn rewards for their contributions, fostering a culture of active engagement and top-tier performance. The platform operates on a transparent governance framework, allowing community members to play a pivotal role in decision-making processes.

Raiinmaker’s token and platform are designed with interoperability in mind, ensuring seamless integration with major blockchain networks. The Raiinmaker Network Protocol harnesses decentralized AI and scalable Web3 infrastructure to redefine the value associated with identity, data, and behavior. Built on this network, Raiinmaker’s Super App is set to transform how users monetize their contributions to AI infrastructure via the platform’s native token, $COIIN.

Raiinmaker’s team is composed of industry veterans from corporate giants such as Disney, Oracle and Boeing. With a wealth of experience and a shared passion for innovation, this team is driving Raiinmaker’s mission to revolutionize the digital landscape.

“We’re excited to be the second project with our native token, $COIIN, as an offering on the Yield App Angel Launchpad and we share the same vision of providing investment opportunities for crypto enthusiasts,” said J.D. Seraphine, Founder and CEO of Raiinmaker.

Raiinmaker’s $COIIN token will be offered on the Yield App Angel Launchpad on 9 May 2024. To prepare for launch day, Yield App users can ensure they have a positive USDT balance in their Yield App wallet. This will be used for token allocation during the pledge period.

Before making their pledge, Yield App users must also have Gold tier, Diamond tier, or Angel status. This can be achieved by staking YLD on the Yield App platform. For more details on YLD and the loyalty program, visit the YLD page on Yield App’s website.

With Angel status, users enjoy exclusive benefits such as guaranteed minimum allocation on each Launchpad launch and no maximum pledge cap. Plus, Angel status includes all the benefits of Diamond tier, including top rates on all products. Users can now unlock unlimited access to Angel Launchpad by buying Lifetime Angel status with a one-time fee of 50,000 YLD or by staking 100,000 YLD.

During the pledge period, participants will need to submit a Base Protocol (BASE) address to receive their token allocation, paving the way for a seamless user experience.

“We are thrilled to welcome Raiinmaker and their innovative $COIIN token to the Yield App Angel Launchpad,” said Tim Frost, CEO of Yield App. “Our second Launchpad offering aligns with our vision of empowering users in the digital asset space, and opens up an exciting opportunity for our users with Gold tier, Diamond tier, or Angel status.”

For more updates on the official offering of $COIIN token, visit the Yield App Angel Launchpad website.

About Raiinmaker

Raiinmaker is a Web3 and AI Technology Company that has developed the Raiinmaker AI Super App and Raiinmaker Network Protocol, which revolutionizes the monetization of users’ contribution to AI infrastructure.

About Yield App

Yield App is a digital wealth platform that serves as a digital wealth partner to its customers. The company’s mission is to provide safe custody for digital assets and enable users to exchange and earn at market-leading rates. Yield App achieves this through its innovative technology that seamlessly bridges traditional and decentralized finance, offering users a more efficient and user-friendly way to manage their portfolios.

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