Blockchain Press Releases
Bybit Launches ZKsync (ZK) on ByStarter: A Revolutionary Crypto Initiative
DUBAI, UAE, June 17, 2024 /PRNewswire/ — Bybit, one of the world’s top three crypto exchanges by volume, has announced the ZKsync (ZK) project launch on its ByStarter platform on June 17. Simply sign up for the ZK ByStarter and participate in the tasks to get a share of the 14,700,000 ZK prize pool!
Exciting Rewards Await
Participants can enjoy multiple rewards through the ZK ByStarter:
- Participation Prize: The first 400,000 participants who lock 100 USDT will receive 5 ZK each.
- Sunshine Prize: Users who complete all required tasks but do not win the lottery will share a pool of 4,600,000 ZK.
- Grand Prize: 27,000 winners will be selected to share 8,100,000 ZK, each receiving 300 ZK.
Important Dates
- Participation Period: – Jun. 17, 2024, 7AM UTC – Jul 18, 2024, 10AM UTC
- Distribution Period: Jul 18, 2024, 10AM UTC – Jul 25, 2024, 10AM UTC
- Results Announcement: Jul. 25, 2024, 10AM UTC
About ZKsync
ZKsync is an Ethereum scaling and privacy engine that leverages the ZK Rollup architecture. It provides low-gas transfers of ETH and ERC20 tokens, enhancing scalability and security.
How to Participate
- Sign Up: Create a Bybit account.
- Verify Identity: Complete Identity Verification Lv. 1.
- Create Web3 Wallet: Connect your wallet on ByStarter and use the same wallet to complete the required on-chain quests in step 5.
- Lock 100 USDT: From your Bybit Funding Account during the Participation Period.
- Complete Tasks: Finish all on-chain quests during the Participation Period.
Rewards distribution
ZK token rewards will be distributed to your Bybit Funding Account by 10AM UTC on July 25, 2024.
#Bybit / #TheCryptoArk
About Bybit
Bybit is one of the world’s top three cryptocurrency exchanges by volume with 30 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
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-launches-zksync-zk-on-bystarter-a-revolutionary-crypto-initiative-302174318.html
Blockchain
CryptoSafe Unveils Safe Pay: A Game-Changer in Cryptocurrency Payment Solutions
CryptoSafe Ltd., a prospering name in the blockchain technology sector, proudly announces the launch of its groundbreaking project, Safe Pay. This new venture aims to revolutionize the way businesses integrate and manage cryptocurrency payments, setting a new standard for secure, efficient, and versatile financial transactions in the digital age.
About CryptoSafe Ltd.
CryptoSafe Ltd. has established itself at the forefront of blockchain technology, dedicated to enhancing capital efficiency within the cryptocurrency market. Founded by Borhes Antonio Feitoza, a former Goldman Sachs manager with extensive experience in high-risk trading, CryptoSafe is committed to creating a financial ecosystem that maximizes profitability for each trade. The company’s success is underpinned by a team of 14 specialists, including mathematicians, programmers, and data analysts, who develop high-frequency trading algorithms leveraging artificial intelligence. Over the past three months, CryptoSafe has achieved an impressive average monthly return of 32.81% on capital turnover.
Introducing Safe Pay
Safe Pay represents a significant leap forward in cryptocurrency payment infrastructure. Designed to be secure, simple, and future-ready, Safe Pay allows businesses to effortlessly integrate cryptocurrency payments into their platforms, thereby boosting their online presence and expanding their customer base.
Safe Pay goes beyond basic payment processing by offering an integrated crypto-to-crypto exchange, consistently low transaction fees, and extensive support for various tokens across five major blockchains: Bitcoin (BTC), Ethereum (ETH), Binance Smart Chain (BSC), Polygon (MATIC), and Tron. These networks collectively process over 9 billion transactions daily, providing businesses with unparalleled capabilities and reliability.Key
Features of Safe Pay
Seamless Integration and Rapid Deployment: Safe Pay features a state-of-the-art API that allows businesses to integrate cryptocurrency payments within approximately 48 hours. This rapid deployment enables businesses to quickly adapt to the evolving digital economy.
Comprehensive Support and Low Fees: With support for multiple blockchains and tokens, Safe Pay ensures businesses can handle a diverse range of transactions with minimal cost. Its low transaction fees further enhance the profitability of crypto operations.
Advanced Security and Compliance: Safe Pay offers robust security measures and compliance options, ensuring that all transactions are secure and adhere to regulatory standards.
User-Friendly Dashboard: The intuitive web UI dashboard serves as a central hub for managing all crypto operations. This includes flexible payment methods tailored to business needs, automatic withdrawals to external wallets, and detailed transaction tracking.
Staking Opportunities: Businesses can earn additional interest by staking their assets in various protocols supported by Safe Pay, further enhancing their revenue streams.
Enhanced Capabilities for Specific Sectors:
Centralized Exchanges and Wallets: Safe Pay’s API allows access to more chains and tokens, reduces price impact on swaps, and speeds up transactions, making it ideal for centralized exchanges and wallet providers.
eSports and iGaming: Safe Pay provides seamless crypto solutions for eSports and iGaming platforms, enabling crypto deposits, bulk withdrawals in fiat and crypto, and efficient user wallet management.
Neobanks and Fiat-to-Crypto Exchanges: Safe Pay’s advanced features allow the creation of full-featured mobile wallets and customized crypto processing infrastructures, catering to the unique needs of neobanks and fiat-to-crypto exchanges.
Unlocking Opportunities with Safe Pay
Safe Pay’s versatile architecture makes it suitable for a wide range of businesses:
Regular Online Businesses and E-commerce: Safe Pay provides seamless crypto payment solutions, making it an ideal choice for traditional online businesses looking to expand their payment options.
Crypto Projects: Safe Pay offers advanced tools and infrastructure for crypto projects, streamlining development and operational processes with support for multiple blockchains, deposits and withdrawals APIs, and payment processing SAAS.
Gambling and iGaming: Safe Pay is perfect for gambling platforms, casinos, and iGaming services, enhancing the user experience with fast and secure transactions and expanded payment options.
Getting Started with Safe Pay
To start using Safe Pay, businesses need to create a merchant account and obtain an API key. This key enables various functionalities, including displaying wallet addresses for payments, receiving notifications for new transactions, and setting up comprehensive crypto infrastructures. The process begins with registration, followed by creating a merchant account and completing a Know-Your-Business (KYB) procedure. Upon passing the KYB, businesses can immediately begin API integration and utilize Safe Pay’s services.
Safe Pay’s public API is free to use, with charges applicable only for completed transactions. Fixed rates are detailed in the documentation, and special conditions are available for enterprise clients with large daily volumes. For tailored solutions, businesses can contact Safe Pay to discuss custom offers that meet their specific needs.
The post CryptoSafe Unveils Safe Pay: A Game-Changer in Cryptocurrency Payment Solutions appeared first on HIPTHER Alerts.
Blockchain Press Releases
Bitget Wallet Announces Investment in New Asset Trading Platform Tomarket, Targeting Trillion-Dollar Markets Beyond DEXs
VICTORIA, Seychelles, June 28, 2024 /PRNewswire/ — Leading Web3 wallet and DeFi platform Bitget Wallet has announced a joint investment with crypto investment firm Foresight X in Tomarket, a decentralized trading platform for emerging asset classes.
Developed by industry experts from prestigious firms with the likes of Binance and Microsoft, Tomarket is designed to address markets and user needs beyond those already provided for by conventional decentralized exchanges (DEXs). The platform facilitates the trading of Real World Assets (RWA), crypto asset yields swap, crypto points, pre-TGE assets, and other new asset types, thereby enhancing liquidity and value discovery in these sectors.
With an end goal of tapping into the immense trillion-dollar market occupied by these new narratives, Tomarket will first be available to users as a Telegram mini-app when it officially launches in July, providing users with a convenient and user-friendly entry point into this innovative platform.
The year 2024 marks a significant phase of growth for the crypto industry, catalyzed by the Bitcoin halving together with the Bitcoin ETF approval by the SEC. This period of growth also saw the emergence and burgeoning growth of various new asset classes and narratives, such as crypto project points trading, pre-TGE tokens, RWA assets, and interest rates on digital assets. These new assets possess substantial trading potential and demand, yet they face challenges such as poor liquidity and high transaction trust costs. Moreover, the current market lacks a comprehensive, one-stop platform to meet the trading needs of these new assets. Tomarket was specifically created to address these challenges and unlock the full potential of these assets.
Expressing enthusiasm for this collaboration, Alvin Kan, COO of Bitget Wallet, stated that “Trading has always been at the heart of the crypto industry. Beyond traditional token assets, new asset types such as RWAs and points deserve significant attention.”
He continues that Bitget Wallet will remain steadfast in its commitment to addressing the evolving needs of its users: “Through our investment and product collaboration with Tomarket, we aim to explore and develop markets beyond traditional DEXs, driving the growth of new crypto asset trading, thus cementing our dedication to catering to new user needs as they present themselves.”
In a strategic move earlier this year, Bitget Wallet announced the introduction of the Bitget Onchain Layer, an intermediary layer designed to help users navigate the complex Web3 ecosystem. This layer serves as an on-chain extension and a decentralized future of the entire Bitget ecosystem. As the first ecosystem partner of the Bitget Onchain Layer, Tomarket will be deeply integrated into Bitget Wallet. This development will also observe the additional expansion of use cases for BWB, the wallet’s own native token, as this strategic partnership with Tomarket marks the beginning of a series of sustained ecosystem growth and user engagement for all Bitget Wallet users.
About Bitget Wallet
Bitget Wallet is Asia’s largest and a leading global Web3 wallet with over 20 million users worldwide. It offers a comprehensive range of features, including asset management, intelligent market data, swap trading, launchpad, inscribing, NFT, DApp, and token earning center. Currently, it supports more than 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet enhances liquidity by aggregating it across hundreds of top DEXs and cross-chain bridges, facilitating seamless trading on nearly 50 blockchains.
For more information, visit: Website | Twitter | Telegram | Discord
View original content:https://www.prnewswire.co.uk/news-releases/bitget-wallet-announces-investment-in-new-asset-trading-platform-tomarket-targeting-trillion-dollar-markets-beyond-dexs-302185677.html
Blockchain
Algorand celebrates 5th anniversary with 2 billion transactions and record adoption of real-world use cases at annual Decipher conference
The Algorand Foundation, a nonprofit on a mission to power a world where information has integrity and innovative ideas can scale, hosted its annual Decipher event, a gathering of hundreds of investors, developers, and partners from around the world to celebrate the vibrant ecosystem. From global finance and supply chain to real estate and humanitarian aid, Algorand blockchain technology is powering the next-generation of real-world applications. Showcasing the refreshed brand, the new website at Algorand.co is the central hub for our protocol and ecosystem.
“The energy at Decipher was contagious! We’re amazed by the creativity and technical prowess of our community and all of the innovative products they’ve built on Algorand,” said Staci Warden, CEO of the Algorand Foundation. “They’re bringing the blockchain to life, and we encourage them to channel that enthusiasm into building and scaling their dreams. And we promise to keep investing in the resources they need to succeed.”
Algorand is an energy-efficient, quantum-secure, single-layer blockchain with instant finality, consistently high throughput, and low fees. All of these characteristics mean it is purpose-built for real-world scale; and developers, entrepreneurs, and enterprise partners all benefit from its institutional-grade certainty and resilience.
Ecosystem momentum
The Algorand blockchain hit two billion successful transactions since inception in June 2019. In Q1 2024 alone, it ranked among the top 3 most popular blockchains by transaction volume.
Other notable statistics:
- On January 1, 2024 Algorand reached an ATH of 43 million transactions in a single day, and the network performed flawlessly. [1]
- On May 17, 2024 it achieved a record of 5,716 transactions per second (TPS) , ranking among the top 3 blockchains by max recorded TPS. [2]
- In Q1, the Algorand blockchain processed 403 million transactions, a 288% increase from Q4 2023.
- In the first quarter, Algorand gained 1 million new accounts, bringing the total to 35 million, with an average of 800k monthly active users. [1]
- Algorand concluded the first quarter of 2024 with a DeFi TVL of 1 billion ALGOs and has been maintaining this level throughout subsequent months. [3]
To improve access to real-time data and insights about the Algorand blockchain, the Foundation is partnering with data analytics provider Nansen, and expects the first dashboards to go live this summer.
Data Source References
[1] https://metrics.allo.info/
[2] https://chainspect.app/dashboard
[3] https://defillama.com/chain/Algorand?currency=ALGO
Following key initiatives were announced at the event:
- Global fintech and web3 companies including Algorand Foundation, UNDP, Worldpay, Circle, HesabPay, Mercy Corps Ventures and others, unite to increase blockchain-based cash assistance for humanitarian crises.
- Archax makes abrdn money market fund accessible and transferable on Algorand blockchain using Quantoz EURD electronic money token.
- 123carbon secured a 135.000t CO2e contract, one of the largest issuance of Transport related insets in the world, all registered on the Algorand blockchain.
- LabTrace completed the first study using its blockchain-based data authentication system, designed to ensure data integrity in clinical trials.
- Finboot switched to Algorand to power its supply chain traceability solution due to Algorand’s scalability and energy efficiency.
- Kare Survivor Wallet will deliver rapid financial assistance to disaster survivors across the United States as part of the American Response and Resiliency Program, launched with the National VOAD and DSC, SVDP-USA.
- Circle’s USDCa stablecoin on Algorand is now available through Coinbase.
Ecosystem companies are thriving, from AI and identity to DeFi and NFTs:
- Pera and Immersve announced a partnership to bring non-custodial debit card options to Algorand users.
- Folks Finance announced the upcoming launch xChain, an application that will operate cross-chain and xALGO Liquid staking products, which allow users to participate in Algorand consensus and accrue rewards seamlessly and securely.
- Algorand is also now home to Dised, a blockchain-based AI marketplace that makes exchanging AI services, products and data more transparent.
- CompX announced a further push into RWA by integrating with Lofty to bring the benefits of auto-compounding and yield optimization to more users on-chain.
- Tinyman, the top DEX on Algorand by TVL, volume, and active users, announced that its TINY token and governance platform will launch in July.
- Messina launched Token Wars and cross-chain community building, growing the exposure and presence of Algorand DeFi. This initiative is backed by Pact, Meld Gold, and CompX.
- Vestige Labs is launching rug.ninja, a decentralized token creator and virtual DEX for fair meme coin creation and trading.
- Meld Gold announced a trust-minimized audit system, a world-first that verifiably connects physical items to the blockchain, the final frontier in bringing physical RWAs trustlessly on-chain.
- Gora and Goanna have partnered to create a pioneering nftFi project on Algorand, a collection with innovative utility for Gora and Algorand users. Website and project are live, with the launch event coming in July.
- EXA Market is launching a Rewards Program on Coinlist in August, leading up to their Token launch in Q4.
- Cosmic Champs will launch on Mainnet and Google Play in August. Building for more than 2 years, their goal is to onboard thousands of Web2 users to Algorand.
- Recently listed on Steam, Fracctal will also be listed on Epic Game Store to onboard thousands of new users to Algorand Gaming.
- Aegir Tactics is going into closed beta on July 23 with a website update, a gameplay video, and Founders Vaults (NFT card packs). Currently on the Epic Game Store, Aegir Tactics can be wishlisted.
- Dead Chain Diaries joins Algorand’s NFT collection, as the first-ever inscription sets, featuring creators from across the #Algofam.
- Rxelms is a new NFT-based, cross-chain virtual world launched this year on Algorand, using the best-in-class Unity gaming engine.
- NUVO launched on Algorand and specializes in Decentralized Verifiable Credentials to better protect data privacy.
Public goods
The Foundation’s public goods initiative focuses on DeFi and tools that help builders of any size build their dreams in the most efficient way possible.
DeFi
Algorand’s instant finality, high TPS capacity and speed are critical for the high-frequency trading that DeFi requires. With fast-growing TVL and strong backing from the Foundation, Algorand leads the way as a robust and scalable DeFi platform.
The Foundation uses Algorand’s DeFi ecosystem to manage its own treasury. It has deployed 42 million ALGOs across various protocols to support things like AlgoRai, decentralized option vaults, and Tinyman and Pact’s liquid governance DEX trading. Following positive results and feedback, the Foundation will double down and boost liquidity to grow the DeFi ecosystem.
New Developer Tools:
- LiquidAuth, an open-source package to demonstrate how to establish P2P Authenticated communication between wallets and applications using only open standards and non-permissive protocols.
- did:algo, W3C compliant DID Method leveraging Algorand’s box storage, a more robust digital identity offering for applications in Algorand.
- Lora visual debugger, a local developer explorer powered by the new subscriber library for tracking on-chain events and analyzing on-chain resources. It completes the trio of components in AlgoKit needed for easier development: an sdk/for building, a python testing framework, and a visual interface to debug and understand what happens both in your smart contracts and on-chain.
The post Algorand celebrates 5th anniversary with 2 billion transactions and record adoption of real-world use cases at annual Decipher conference appeared first on HIPTHER Alerts.
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