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Blockchain Press Releases

aelf Welcomes First COO to Foster AI and Blockchain Synergies

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SINGAPORE, July 24, 2024 /PRNewswire/ — aelf, the leading Layer 1 blockchain network at the forefront of AI and blockchain convergence, announced the appointment of Brian Liang as its first Chief Operating Officer.

“Brian’s arrival at aelf signals a new era for our company as we continue to integrate AI within our blockchain framework,” said Auric, founder of aelf. “His extensive background in managing complex business operations and strategic initiatives in the blockchain and finance sectors makes him the perfect fit to lead aelf’s operational strategies during this transformative phase. We are excited to leverage his expertise to further our mission of creating a vibrant blockchain ecosystem enriched with state-of-the-art AI models and agents.”

As COO, Brian will provide leadership excellence, management, and vision to foster synergies between AI and blockchain technologies within aelf’s ecosystem. His immediate goal at aelf includes optimising business units to accelerate the integration of AI capabilities within aelf’s blockchain infrastructure.

Brian will also play a pivotal role in enhancing operational resilience and prioritisation, delivering more robust and integrated solutions by focusing on cross-functional workflow improvements and infrastructure efficiencies. His leadership will be instrumental in driving strategic partnerships and enhancing aelf’s technological capabilities, thereby expanding the company’s market reach and positioning aelf as a leader in the AI blockchain space.

Brian shares, “The integration of AI and blockchain presents opportunities to innovate and transform industries. With aelf’s vision of creating an AI-synergised blockchain, I am honoured to be contributing to building an environment where AI and blockchain coexist and enhance each other, driving forward groundbreaking solutions and fostering value creation for the Web3 community and beyond.”

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Prior to joining aelf, Brian served as Chief Operating Officer at Artifact Labs, a Hong Kong-based Web3 company incubated by South China Morning Post, dedicated to preserving and connecting art, culture, and history on the blockchain while protecting intellectual property rights. He brings extensive experience in finance, having held positions as CEX Advisor at Quantum Fintech Group based in Abu Dhabi and investment director at Peak Group, a Singapore family office focused on investing in Web3 and blockchain companies. Brian also serves on the board of Coinhako, a regulated cryptocurrency exchange based in Singapore.

Stay updated on aelf’s news and engage with the aelf community on:
Website: https://aelf.com
Telegram: https://t.me/aelfblockchain
Discord: https://discord.gg/bgysa9xjvD

About aelf
aelf, the pioneer Layer 1 blockchain, features modular systems, parallel processing, cloud-native architecture, and multi-sidechain technology for unlimited scalability. Founded in 2017 with its global hub based in Singapore, aelf is the first in the industry to lead Asia in evolving blockchain with state-of-the-art AI integration, transforming blockchain into a smarter and self-evolving ecosystem.

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aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its Layer 1 blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network. aelf is committed to fostering innovation within its ecosystem and remains dedicated to driving the development of Web3, blockchain and the adoption of AI technology.

Disclaimer: The information provided in this press announcement is for general informational purposes only and does not constitute legal, financial, or investment advice. aelf makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, or reliability of the information provided in this press announcement. Any reliance you place on such information is strictly at your own risk. Blockchain technology and cryptocurrency involve inherent risks, including but not limited to market volatility, regulatory changes, and potential security vulnerabilities. By accessing and using the information provided in this press announcement, you agree to indemnify and hold aelf, its officers, directors, employees, and agents harmless from and against any and all claims, liabilities, damages, losses, or expenses arising out of or in connection with your use of the information or participation in aelevate. aelf reserves all rights not expressly granted in this press announcement.

aelf

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Blockchain Press Releases

QCP Trading Receives In-Principle Approval for Major Payment Institution License in Singapore

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Key development reinforces QCP Trading’s commitment to regulatory excellence in Singapore.

SINGAPORE, Nov. 11, 2024 /PRNewswire/ — QCP Trading Pte. Ltd. (“QCP Trading”), has received an In-Principle Approval (“IPA”) for a Major Payment Institution (“MPI”) License from the Monetary Authority of Singapore (“MAS”). The IPA represents an essential step toward full licensing, allowing QCP Trading to prepare to offer regulated spot trading services for digital payment tokens.

The IPA reinforces QCP Trading’s dedication to Singapore’s high regulatory standards, marking a key step towards the eventual goal of providing compliant, innovative, and efficient solutions for clients. QCP Trading aims to provide spot trading for a wide range of stablecoins and major digital tokens supported by its comprehensive on/off ramping services in multiple currencies. Leveraging 24/7 support, seamless API integration, dedicated voice trading capabilities and same-day settlement through its local banking partners, QCP Trading aspires to build a leading spot franchise and position itself as one of the most price-competitive players in the digital asset space.

“As we pursue the full MPI license, we remain focused on supporting Singapore’s growing reputation as a leader in digital asset regulation,” said Darius Sit, Founder of QCP Trading. “We take pride in our ability to remain agile and responsive to both global and local market conditions, which is the key to success in this rapidly evolving sector. This latest milestone for QCP Trading reinforces our belief in the importance of a strong regulatory foundation for sustainable growth and positioning ourselves to be a trusted partner of choice in the digital asset space.”

“QCP Trading aims to champion robust governance frameworks and our early recognition of the critical role of regulation has proven to be a strategic foresight,” Melvin Deng, Chief Executive Officer of QCP Trading added. “We reaffirm our dedication to fostering strong partnerships in Singapore and look forward to working closely with the MAS to achieve the MPI license.”

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With Singapore at the core of its strategy, QCP Trading aims to grow the local team, prioritizing the recruitment of exceptional talent to facilitate its ongoing growth and ensure adherence to local regulations. QCP Trading is dedicated to delivering institutional-grade solutions in digital assets spot trading, positioning itself as a trusted partner in Asia and beyond.

About QCP Trading

QCP Trading is the dedicated OTC spot trading arm of QCP Group, providing institutional clients with secure, compliant, and efficient spot trading solutions. QCP Trading offers a wide array of services such as on/off ramping, seamless API integration, and personalized voice trading channels, ensuring a smooth and tailored trading experience with quick settlement times.

QCP Trading has received the IPA from MAS for an MPI License to provide digital payment token services for OTC spot trading in Singapore.

More information can be found at www.qcpgroup.com.

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Media Contact

Elisha Thiara[email protected] 

View original content:https://www.prnewswire.co.uk/news-releases/qcp-trading-receives-in-principle-approval-for-major-payment-institution-license-in-singapore-302300858.html

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Blockchain Press Releases

Bybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market

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DUBAI, UAE, Nov. 8, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with Block Scholes, today released its latest post-election crypto derivatives analytics report. The report dives deep into the market behavior following the conclusion of the 2024 U.S. election, revealing a clear shift towards renewed bullishness and a strong appetite for leveraged long positions.

Market Behavior in Focus

With election uncertainty now behind, the report shows that traders are leaning strongly toward leveraged long positions, especially in perpetuals and futures contracts. Short-term volatility has decreased, and BTC’s price structure has leveled out, suggesting a more stable market. The steady trading activity over the weekend further highlights the ongoing strong interest in crypto assets.

Key Findings:

  • Sharp Decline in Short-Term Volatility: As election uncertainty cleared, short-term implied volatility for both BTC and ETH witnessed a significant drop.
  • Flattening of BTC Term Structure: While the term structure for BTC flattened, ETH’s evolved into a steeper curve, potentially reflecting increased long-term uncertainty surrounding Ethereum.
  • Resurgence of Leveraged Positions: Following a pre-election reduction, leveraged positions have bounced back strongly. Open interest in both perpetuals and futures contracts has climbed, indicating a willingness to embrace risk once again.
  • Record High Positioning: Despite the election risk subsiding, positioning across all markets is near all-time highs, showcasing a keen interest in maintaining leveraged long exposure as BTC reaches new records.
  • Robust Trading Volumes: Trading volumes remained robust throughout the week, even over the weekend, highlighting sustained market activity.
  • Renewed Interest in Directional Bets: Perpetual swap open interest mirrored the trend seen in futures contracts. A decline during pre-election turbulence was followed by a sharp rise as the election outcome became clear, suggesting renewed focus on directional bets to capitalize on positive post-election movement.
  • Increased Options Interest: Despite subdued option trading volumes, open interest for BTC options has surged. This points towards a growing interest in positioning for potential long-term volatility in the aftermath of the election.

Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: https://learn.bybit.com/crypto-insight/bybit-x-block-scholes-crypto-derivatives-analytics-report-nov-6-2024/ 

#Bybit / #TheCryptoArk /#BybitResearch

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About Bybit

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

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases

Canaan Upgraded Avalon Miner A15 Series with Superior Performance

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SINGAPORE, Nov. 8, 2024 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN), a leading provider of Bitcoin Miners, announced that the company had upgraded Avalon Miner A15 series mining machines. In April 2024, Canaan released its Avalon Miner A1566 air cooling machine with 185 TH/s hash rate and power efficiency ratio of 18.5 J/TH in Hong Kong. After continuous improvements in chips and embedded software in the past months, new Avalon Miner A15 series now features four models: 1, the high-end model Avalon Miner A15Pro with a hashrate no less than 215T and a power efficiency of 16.8J/T; 2, A15XP with a hashrate of 200-212T and a power efficiency of 17.8J/T; 3, A15 with a hashrate of 188-203T and a power efficiency of 18.8J/T; 4, A15SE with a hashrate of 170-185T and a power efficiency of 19.9J/T.

The upgraded Avalon Miner A15 series offers notable excellent hashrate with better power efficiency, to address the escalating computational requirements and meet the diverse demands from customers of different mining scales, in different mining environments, aiming to deliver a more efficient and stable mining experience for miners around the world.

Avalon Miner A15 series can be integrate seamlessly into Avalon Box with Canaan’s One-Stop Mining Solutions. Along with 24/7 multilingual support across over 20 countries, Canaan reaffirms its commitment to providing miners worldwide with fast, reliable, and efficient solutions for mining deployment and maintenance.

Avalon Miner A15 series can be ordered from now.

Click to order now: https://shop.canaan.io/products/avalon-miner-a15xp-206t

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About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, under the leadership of Mr. Nangeng Zhang, founder and CEO, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in Bitcoin’s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market.

Media Contact: [email protected] 

Disclaimer:

All provided data and parameters are based on laboratory results in a controlled environment. We do not guarantee that delivered product(s) will produce the same operating data and parameters when deployed in the field.

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