Blockchain Press Releases
Bybit Launches Localized Website for Kazakhstan Community, Offering Comprehensive Crypto Trading Services
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
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)
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.
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.
#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
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Blockchain Press Releases
Citrea Raises $14M to Expand Bitcoin Beyond Digital Gold
Citrea is the first to expand Bitcoin from a passive store of value to an active, programmable asset by introducing a secondary layer solution using zero-knowledge technology.
GEORGE TOWN, Cayman Islands, Oct. 31, 2024 /PRNewswire/ — Citrea , the first solution to make it possible to build anything on Bitcoin, today announced its $14M Series A funding round, led by Peter Thiel’s Founders Fund, with participation from Erik Voorhees, Balaji Srinivasan, Jameson Lopp, Maven11, and other prominent angel and venture investors. Citrea has also launched its exclusive developer program, ‘Citrea Origins ‘, bringing together a select group of developers to build applications on Citrea—the only platform for expanding Bitcoin’s utility.
Bitcoin’s global adoption has solidified its role as “digital gold”, but its broader financial potential has remained untapped due to the lack of a scalability solution that maintains its core principles. This gap has forced users to either keep Bitcoin as a passive store of value or rely on custodians for broader use. This adoption undermines Bitcoin’s role in decentralized finance. Without a proper scalability solution, Bitcoin risks losing its relevance in decentralized finance and becoming obsolete as a network.
Citrea is the first Bitcoin scalability solution to expand Bitcoin’s utility without compromising its decentralization or security. Citrea enhances the capabilities of Bitcoin blockspace with zero-knowledge technology and enables the Bitcoin network to support diverse on-chain applications and platforms. By eliminating the need for intermediaries, Citrea allows users to trustlessly buy, leverage, lend, borrow, and use BTC—transforming Bitcoin from a passive store of value into an active financial tool.
“Citrea is a major milestone in the timeline of Bitcoin’s evolution and the first investment we’ve made in the Bitcoin ecosystem,” said Joey Krug , Partner at Founders Fund. “With the strongest team and best technical design we’ve seen in the Bitcoin L2 space, Citrea’s 0→1 technology enables Ethereum-like rollups for smart contracts on Bitcoin in a trust-minimized way.”
“For the past 18 months, we’ve been building the infrastructure Bitcoin needs to move beyond just a store of value and step into a new era of Bitcoin-backed decentralized finance,” said Orkun Kilic , co-founder and CEO of Chainway Labs. “Citrea combines breakthroughs in cryptography with rigorous engineering to make this vision a reality. Bitcoin not only enables a borderless economy but also serves as the foundation for a censorship-resistant monetary layer. Our mission is to lay the foundation and ecosystem required to drive global hyperbitcoinization.”
About Citrea
Citrea is the first rollup that increases BTC’s utility and activates Bitcoin blockspace for a new decentralized financial ecosystem. Citrea’s vision is to build scalable infrastructure that advances Bitcoin into its next phase: the foundation for the world’s finance.
Apply for the developer program ‘Citrea Origins ‘.
For more information, please visit: Citrea website | Citrea X Account
About Chainway Labs
Chainway Labs, the company building Citrea, was co-founded by four young computer scientists and entrepreneurs with a focus on Bitcoin, Ethereum, and zero-knowledge technology.
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Blockchain
DNA Holdings Venture Inc. and Validation Cloud Partner to Deliver $50M Institutional SOC 2 Compliant Staking Solution on TON
DNA Fund, a leading Web3 investment firm, selected Validation Cloud, a leader in Web3 infrastructure, as the Fund’s staking platform to deploy, manage, and monitor validators across emerging and leading crypto networks. As the first phase of the partnership, Validation Cloud will deploy a new USD 50M Telegram Network (“TON”) validator with DNA. Once the total $50M in the validator has been filled, DNA expects to launch an ETN, lowering the barrier to entry for institutional investors looking to invest in the TON network.
Validation Cloud’s next-generation staking infrastructure ensures DNA client funds are protected with SOC 2 compliance, 24/7 monitoring, and institutional-grade uptime. DNA clients have the potential to reap higher staking rewards through Validation Cloud’s unmatched validator performance, with a 98%+ RAVER score and the ability to quickly deploy validators that align with DNA’s asset roadmap.
“Validation Cloud is proud to partner with DNA Fund to deliver our highly performant and SOC 2 Type II compliant staking infrastructure, which will power DNA’s diverse investment portfolio and safeguard client funds. By deploying our TON validator, we’re advancing the institutional adoption of TON to meet the growing demand for scalable, secure digital asset solutions. This is the first of many initiatives to support DNA Fund’s innovative investment strategy,” said Validation Cloud Chief Strategy Officer Alex Nwaka.
DNA invests in a diverse portfolio to support emerging crypto startups and help launch the next generation of Web3 projects. DNA’s funds leverage the expertise of the DNA team and their access to deal flow to empower investors to capitalize on emerging opportunities in crypto and Web3.
TON Blockchain has seen tremendous growth in recent years within its user community, particularly Telegram users. Validation Cloud and DNA Fund selected TON as their first joint product because they know its potential for institutional adoption. Driving institutional adoption within one of the world’s largest and fastest-growing blockchains will help the ecosystem enable more complex applications.
“We believe in the future of the Telegram Network and have allocated a significant amount of capital to owning its underlying asset, “TON”. We continue to explore ways by which to enhance our relationships with the TON community and help the entrepreneurs who are building on top of this unique platform,” stated Scott Walker, Director of DNA. “Launching a validator demonstrates our long-term commitment to the community,” added Walker.
Validation Cloud and DNA’s TON validator is the first of many digital assets to be supported. Outside of TON, Validation Cloud supports Ethereum, Solana, Babylon, and many more leading networks. Validation Cloud and DNA look forward to supporting DNA’s diverse portfolio of assets with Validation Cloud’s highly performant and compliant infrastructure.
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Blockchain
Satoshi Nakamoto to Reveal Legal Identity on 31 October 2024
After over a decade of speculation and mystery, the world will finally learn the true identity of Satoshi Nakamoto, the elusive inventor of Bitcoin and the foundational Blockchain technology. On this momentous occasion, Nakamoto will reveal his legal identity in a live press conference, marking a historic event in the cryptocurrency landscape.
Nakamoto, whose whitepaper launched the world’s first decentralized cryptocurrency in 2008, has cited growing legal pressures as a driving factor for this decision. “The time has come for me to officially reveal my identity. I am facing significant legal challenges, and I believe the world deserves to know the truth,” Nakamoto stated.
The announcement coincides with the anniversary of Bitcoin’s whitepaper release and will provide verifiable proof to confirm Nakamoto’s identity once and for all. This unprecedented revelation marks the end of more than 15 years of anonymity and signals a new chapter for Bitcoin and Blockchain technology.
Event Details:
Date: 31 October 2024
Time: 11:30 AM
Venue: The Frontline Club, Norfolk Place, Paddington, London, W2
A live demonstration will be conducted during the press conference, conclusively proving Nakamoto’s status as the creator of Bitcoin. This event promises to be the most significant moment in the history of cryptocurrency.
The post Satoshi Nakamoto to Reveal Legal Identity on 31 October 2024 appeared first on HIPTHER Alerts.
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