Blockchain Press Releases
KuCoin Commemorates International Day of Charity with a Commitment to Community Welfare
VICTORIA, Seychelles, Sept. 5, 2024 /PRNewswire/ — As the world comes together to honor the International Day of Charity on September 5th, KuCoin is proud to reflect on its ongoing commitment to supporting communities in need through various Corporate Social Responsibility (CSR) initiatives. Inspired by the legacy of Mother Teresa, whose dedication to the poor and sick has inspired millions worldwide, KuCoin reaffirmed our dedication to making a positive impact on society through meaningful actions.
In recent years, KuCoin has undertaken several projects aimed at alleviating suffering and promoting education and climate resilience in vulnerable communities. Among these efforts was the significant contribution to disaster relief in Turkey following the devastating earthquakes in the south-eastern Anatolia region. KuCoin donated 1 million Liras to Turkey’s disaster relief fund through #AFAD and provided critical aid, including food, clothing, and sanitary items, to those affected. This swift response was complemented by the efforts of local community managers and volunteers who worked tirelessly to distribute essential supplies.
Another milestone in our CSR journey was the “Light Up Africa through the Lens of Children” initiative. In partnership with the Smiling Simon Greenbuild Foundation, KuCoin donated 2,500 solar lamps to 25 schools across Nigeria. This initiative not only provided a source of light to thousands of children but also ignited dreams and opened doors to endless possibilities. The lamps symbolize a shared belief in a brighter future, where every child has access to the light of education, empowering young minds and uplifting communities.
KuCoin’s commitment to addressing global challenges is further exemplified by its Climate Change CSR Project. Through this initiative, we have introduced the Climate Change Bucket (CCB) to assist women and girls disproportionately affected by climate change. With 1,900 CCBs distributed across the Commonwealth of Bahamas and St. Jude Hospital in Africa, these buckets provide essential support, including safety mats, thermometers, and earth-hug pillows, helping communities adapt to the diverse challenges posed by climate-related impacts.
In addition, KuCoin’s Menstrual Equity Project underscores its dedication to empowering socially disadvantaged girls and women. By providing 1,000 reusable menstrual packages to various organizations, including those in Suriname, St. Jude Children’s and Research Hospital, and domestic violence shelters, We are ensuring that essential menstrual hygiene products are accessible to those in need. “KuCoin as a member of The Private Sector is making a difference to improve the lives of Women and girls through their philanthropic efforts”, said Dr. Padmini Murthy, Global Health Lead of the American Medical Women’s Association and NGO Representative to the United Nations.
As we celebrate the International Day of Charity, KuCoin reflects on the importance of giving back and the collective responsibility to support those in need. Through these initiatives, KuCoin continues to embody the spirit of charity and compassion, striving to make a lasting difference in the world.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June & September 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
Logo – https://mma.prnewswire.com/media/2356857/KuCoin_Horizontal_Green_LOGO_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/kucoin-commemorates-international-day-of-charity-with-a-commitment-to-community-welfare-302239175.html
Blockchain Press Releases
GRVT Launches Biggest Ever Trading Competition for Retail Traders, Offering Up to 175,000 USDT in Prizes
SINGAPORE, May 7, 2025 /PRNewswire/ — GRVT (pronounced “gravity”), the world’s first licensed onchain exchange – is excited to announce its largest trading competition to date, running from May 7 to June 5, 2025. The competition offers retail traders the chance to win a share of up to 175,000 USDT and 85 million Trader Points.
The event is open to all KYC-verified GRVT users and features a volume-based rewards system with nine reward bands and 15 prize levels. Participants will be rewarded based on their total trading volume during the competition period. The total reward pool will expand as the overall trading volume increases.
Early participants can also take advantage of special bonus rewards, and lucky traders will receive exclusive GRVT-branded merchandise.
Hong Yea, co-founder and CEO of GRVT, commented, “This trading competition marks the biggest event for our retail traders since our Mainnet launch at the end of last year. I am incredibly proud of what the team has delivered since Mainnet, and I’m grateful for the enthusiasm and support from our global community. We are committed to continuous improvement and look forward to bringing even more exciting opportunities to our users.”
For full details about the GRVT Trading Competition, including the complete rules and reward structure, please visit: https://help.grvt.io/en/articles/11168184-grvt-trading-rush
Disclaimer: Perpetuals trading of cryptocurrencies is subject to high market risk and price volatility and you may be called upon at short notice to commit further margin deposits or risk being liquidated. This content is not a distribution of, or an offer or solicitation to provide, financial services or products, nor a representation as to their suitability or legality for you. GRVT is not a regulated entity and your funds are not subject to regulatory protection. Before making any decision based on this content, please seek financial and legal advice, and carefully review our Risk Disclosure and Disclaimer in full.
Singapore users: GRVT is not licensed, approved, authorised, designated, recognised, registered or otherwise regulated under any legislation administered by the Monetary Authority of Singapore (“MAS”). As such, users will not have the benefit of any regulatory safeguards imposed by the MAS.
About GRVT
GRVT (pronounced “gravity”) is a blockchain-based platform that is democratizing how wealth is created and shared. It allows everyday people to trade, invest, and grow their wealth by providing direct access to top industry traders and investors. As the world’s first licensed onchaindecentralized exchange, GRVT is where traditional banking meets decentralized innovation on one regulated, compliant, trustless financial market place.
GRVT official website: https://grvt.io/
For media inquiries, contact: [email protected]
Social and Community: X | LinkedIn | Telegram | Discord
Photo – https://mma.prnewswire.com/media/2681379/Screenshot_2025_05_07_at_10_56_52_AM.jpg
Logo – https://mma.prnewswire.com/media/2575118/GRVT_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/grvt-launches-biggest-ever-trading-competition-for-retail-traders-offering-up-to-175-000-usdt-in-prizes-302448583.html
Blockchain Press Releases
Pharos Network Unveils High-Performance Layer 1 Testnet to Unlock RWA Adoption
HONG KONG, May 7, 2025 /PRNewswire/ — Pharos Network, a high-performance blockchain built for real-world assets (RWAs), announced the launch of its Testnet today. Designed for institutional-grade RWAs and enterprise-scale DeFi, Pharos offers a next-generation, modular infrastructure that addresses the key bottlenecks preventing institutions from entering Web3. The platform powers scalable deployment of decentralized applications, enables efficient payment solutions, and unlocks new use cases for tokenized assets.
The Pharos Testnet achieves up to 30,000 transactions per second with one-second finality, setting a new benchmark for Layer 1 blockchain performance. Its GPU-like architecture could support billions of users and reduce storage usage by 80%. The network also features built-in support for decentralized AI and privacy preserving SPN. With ZK-based KYC/AML capabilities, Pharos ensures enterprise-ready security and compliance. It remains fully EVM-compatible, offering faster and cheaper transactions, while enabling flexible, on-chain innovation.
Pharos’s product stack directly addresses the core bottlenecks in RWA adoption—scalability, compliance, and flexibility—unlocking new use cases across sectors such as renewable energy industry finance, payment, supply chain finance, and tokenized real estate. Its modular, high-throughput infrastructure enables secure deployment of RWA at scale, while meeting the regulatory and performance demands of the financial industry.
A growing ecosystem is already emerging on the Pharos Testnet, enabling innovative Defi use cases for RWAs. As an early collaborator of Pharos, OKX Wallet will support Pharos Testnet natively at launch. Early Pharos ecosystem projects include Zenith Swap, ELFi, Buzzing Club, Nextmate.AI, Faroswap, R2, OpenFi, Hemera, Blocksense, Supra, and more.
Founded by former AntChain and Alibaba blockchain leaders, the Pharos team brings deep enterprise experience, uniquely positioning it to deliver enterprise-grade solutions for institutions exploring green finance, payments, and new forms of programmable ownership and asset tokenization.
“The Pharos Testnet represents a significant milestone in our mission to unlock the true potential of RWAs. By providing a high-performance, scalable, and adaptable platform, Pharos meet the needs of bringing real world assets on a chain and bringing utilities to these assets.” said Alex Zhang, CEO of Pharos Network. “We’re excited to watch innovation flourish on Pharos and accelerate the convergence of traditional finance and decentralized technology.
Developers and users can access and experience the Testnet by visiting testnet.pharosnetwork.xyz.
About Pharos
Pharos Network is a revolutionary Layer 1 blockchain platform that sets new benchmarks in decentralized technology with its extreme performance and scalability. Founded by ex-blockchain leaders from Ant Financial and Alibaba, Pharos aims to build the best chain for RWAs and enterprise-grade DeFi, achieving the highest EVM Layer-1 performance with 50K TPS and being the first to reach 2 gigagas/sec. In addition, Pharos is a co-developer of SmartCogent, an AI toolkit for large language models (LLMs), and the core development team of DTVM technology. For more information, please visit https://pharosnetwork.xyz.
Logo – https://mma.prnewswire.com/media/2681304/pharos_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/pharos-network-unveils-high-performance-layer-1-testnet-to-unlock-rwa-adoption-302448522.html
Blockchain Press Releases
Cango Inc. Maintains Strong Mining Efficiency and Expands Bitcoin Holdings Amidst April Production Shift
SHANGHAI, May 7, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG), a leading bitcoin mining company, recently released its April 2025 production update for its crypto mining operations.
In April 2025, Cango mined a total of 470.0 Bitcoins, an 11.3% decrease compared to 530.1 Bitcoins mined in March 2025. The average daily Bitcoin production was 15.7 in April, compared to 17.1 in March.
Despite the month-over-month production dip, Cango increased its total Bitcoin holdings, reaching 2,944.8 as of April 30, 2025, up from 2,474.8 at the end of March. The Company’s deployed hashrate remained consistent at 32 EH/s, while the average operating hashrate was 29.9 EH/s, compared to 30.3 EH/s in March 2025.
“The production decline in April was mainly due to a significant surge in the global hashrate, marking its second-largest monthly increase ever recorded. Consequently, the mining difficulty rose by 8% compared to March,” said Jiayuan Lin, Chief Executive Officer of Cango, “Despite this short-term fluctuation in production volume, we remain firmly committed to our Bitcoin holding strategy. With the current value of our Bitcoin holdings at $279 million, we are confident that our strategic initiatives and ongoing operational enhancements will continue to generate long-term value for our stakeholders.”
About Cango Inc.
Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.
Logo – https://mma.prnewswire.com/media/2675436/CANG_LOGO_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/cango-inc-maintains-strong-mining-efficiency-and-expands-bitcoin-holdings-amidst-april-production-shift-302448355.html
-
Blockchain6 days ago
Mercurity Fintech’s Chaince Securities Appointed as Strategic Advisor for Classover’s Solana-Focused Treasury Strategy
-
Blockchain5 days ago
HODL 2025: Blockchain’s Brightest Minds. All in Dubai
-
Blockchain Press Releases5 days agoFrom Exchange to Ecosystem Builder: MEXC Celebrates 7th Anniversary at TOKEN2049 Dubai with $300M Ecosystem Development Fund Launch
-
Blockchain Press Releases5 days agoInterlace Debuts at Token2049 to Accelerate Web2-Web3 Integration Across MENA
-
Blockchain Press Releases6 days ago
MEXC Ventures Announces $300 Million Ecosystem Development Fund at Token2049 Event
-
Blockchain Press Releases6 days agoRain and Visa Partner to Accelerate Onchain Credit Cards
-
Blockchain6 days agoSkyCrest Capital Launches SkyAlpha X 2.0 AI System and Innovative SkyFund Protocol (SKF)
-
Blockchain7 days agoFrom Sydney to the World – Valueex (VUEE) Exchange Announces Entry into the U.S. Market
