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Blockchain Press Releases

Bybit Launches Localized Website for Kazakhstan Community, Offering Comprehensive Crypto Trading Services

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DUBAI, UAE, Oct. 31, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is proud to announce the launch of its fully localized platform (bybit.kz) for the Kazakhstan market. Following its full authorization from the Astana Financial Services Authority (AFSA), Bybit is now fully compliant with local regulations and ready to offer Kazakhstan users a tailored, secure, and seamless trading experience at bybit.kz.

Tailored Trading for Kazakhstan

Kazakhstan residents can now access Bybit Kazakhstan (bybit.kz), which is specifically designed to meet local market needs. The platform offers the same world-class services available globally, with features adapted to ensure a smooth user experience for the Kazakhstan crypto community.

Key Features of Bybit Kazakhstan:

Streamlined Registration Process

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Users can easily register new accounts using their email addresses through bybit.kz, available exclusively to Kazakhstan citizens. The onboarding process is streamlined, adhering to local standards for a quick and hassle-free start to trading.

Diverse Trading Options

Bybit Kazakhstan offers an extensive range of cryptocurrency trading services, ensuring that traders of all levels can confidently engage in the market. The platform supports spot trading, allowing users to buy and sell a variety of cryptocurrencies with real-time liquidity.

For more advanced traders, Bybit Kazakhstan provides derivatives trading, where users can trade sophisticated financial products like futures, enabling diverse trading strategies. Additionally, margin trading is available, giving traders the opportunity to amplify their positions with leverage, maximizing potential profits in both rising and falling markets. For those seeking liquidity without selling their assets, Bybit also offers crypto loans, allowing users to borrow against their crypto holdings.

Upcoming Fiat Gateway for Kazakhstan Tenge (KZT)

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In addition, Bybit Kazakhstan is collaborating with local banks to introduce a fiat gateway for Kazakhstan Tenge (KZT). This integration will enable users to effortlessly deposit and withdraw funds directly in KZT. The partnership with local banking institutions ensures hassle-free transactions and faster access to funds, providing enhanced convenience that is specifically tailored to Kazakhstan’s financial ecosystem.

Localized Customer Support

Bybit Kazakhstan provides dedicated support in Kazakh, Russian, and English, ensuring users can access assistance in their preferred language. Our local support team is fully equipped to address user inquiries and resolve any issues, adhering to Kazakhstan’s regulatory framework.

User-Friendly Experience

The bybit.kz platform is designed with user experience at its core. The localized interface, seamless navigation, and clear registration process make it simple for both new and seasoned traders to access the full range of services. The platform ensures a smooth journey from account creation to advanced trading strategies.

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Safety and Security

As an AFSA-licensed platform, Bybit Kazakhstan upholds the highest security standards. The platform is built with industry-leading security protocols, ensuring that user assets and data are fully protected. Furthermore, Bybit adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, providing a safe and compliant environment for all users.

A New Chapter for Kazakhstan’s Crypto Traders

The launch of bybit.kz represents a significant milestone for Bybit as it continues to expand its global presence. This localized platform is set to empower the Kazakhstan crypto community by delivering reliable, secure, and advanced trading services that align with local needs.

For more information, visit bybit.kz or reach out to our local support team for assistance.

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#Bybit / #TheCryptoArk

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

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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Blockchain Press Releases

Palapa Tap Tap Hero Game, Indonesia’s First Telegram-Based GameFi

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JAKARTA, Indonesia, Nov. 8, 2024 /PRNewswire/ — Bittime, a regulated Indonesia crypto exchange, has experienced a significant 10x growth in two consecutive years. In collaboration with Palapa, its platform token, Bittime has launched Palapa Tap Tap Hero, Indonesia’s first Telegram-based Game Finance (GameFi) project. Palapa is currently conducting its final airdrop, with a snapshot scheduled for November 11, 2024, and the listing planned for November 13th, 2024.

Since the approval of the Bitcoin ETF Spot in January 2024, the global crypto industry has shown significant growth in crypto market adoption, including Indonesia. Evidently, Indonesia’s position has skyrocketed and become the No.3 country for global crypto adoption, based on Chainalysis.

This large potential growth of the blockchain and crypto industry in Indonesia, then became the basis for Bittime to emphasize the prevailing momentum. Furthermore, according to CoinGecko, one of the world’s largest independent crypto data aggregation platforms, Bittime is the top Indonesia crypto exchange.

As for Bittime platform token, Palapa has been officially registered by the Commodity Futures Trading Supervisory Agency of Indonesia (Bappebti) and has been listed as one of the 545 crypto assets under Bappebti supervision that can be traded.

Remaining success on its first airdrop celebration, Bittime and Palapa Token released a Telegram-based GameFi, Palapa TapTap Hero. This game is considered to be able to provide an interactive experience that is not only entertaining, but also introduces blockchain technology and crypto adoption to the wider community.

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Ryan Lymn, CEO of Bittime, sees the enthusiasm of crypto assets adoption should be appreciated, especially for the young investors. He highlights that Palapa TapTap Hero Game, will enhance the user experiences and literacy about the blockchain ecosystem.

“We believe that by launching this Telegram-based game, Bittime and Palapa will be able to reach more people, while also providing fun introduction about the blockchain technology that underpins the crypto themselves,” explained Ryan.

Through the launch of the Palapa TapTap Hero game, Ryan stated that Bittime wants to encourage significant growth in the adoption of crypto and Web3 in Indonesia. Moreover, he believes that with this game, it will be easier for the young investor to get to know the blockchain industry and crypto.

Bittime and Palapa optimists that Palapa TapTap Hero Game will have a significant impact on the global adoption of blockchain, particularly in Indonesia. This game is not only a new innovation from the Indonesian Web3 industry, but it also marks Palapa ($PLPA) Token Generation Event (TGE), which is projected on 13th November, 2024.

Jimmy Siswanto, CEO of Palapa, stated that they were very excited with the launch of Palapa TapTap Hero. He believes this is a good opportunity for the Indonesian Web3 community and the wider community to be able to maximize blockchain innovation.

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“We are very happy and proud to be the first Indonesian project to launch GameFi based on the Telegram application. Previously, Indonesia has only been the target market and users of global projects, and now is the time for us to take stage on a worldwide scale,” he stated.

This Telegram-based game with tap-to-earn concept, is expected to be a further step to creating an inclusive ecosystem in Indonesian Web3 industry. As shown by the enthusiasm of the community support given to Bittime and Palapa, where in just two weeks from its launch, Palapa TapTap Hero Game has significantly reached more than 100,000 users.

About Bittime

Bittime, under PT Utama Aset Digital Indonesia, is a crypto exchange platform based in Indonesia that is registered with the Commodity Futures Trading Supervisory Agency of Indonesia (Bappebti) and the Ministry of Communication & Information of Indonesia (Kominfo). Bittime is also a member of the Indonesian Blockchain Association (ABI) and the Indonesian Crypto Asset Trading Association (ASPAKRINDO).

As a crypto trading platform, Bittime leverages blockchain technology to provide fair access to financial independence for everyone, regardless of location or background.

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Bittime application can be downloaded on Google Play and the App Store.

About Palapa

Palapa, PT Global Karya Wisesa is a technology-based company at the forefront of blockchain and crypto asset innovation, based in Indonesia. Palapa has a vision to encourage widespread adoption and utilization of blockchain technology by creating an easy and user-focused ecosystem.

Palapa Token (PLPA) is built on the ERC-20, Ethereum blockchain. As is known, Ethereum provides a strong and secure platform for the release and management of tokens by ensuring transparency and interoperability within the broader blockchain ecosystem.

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