Blockchain Press Releases
Vantage Markets Named Leading Broker in Investing.com’s Latest Rankings for 2024 during the US Election Period
SYDNEY, Nov. 14, 2024 /PRNewswire/ — Vantage Markets (or “Vantage”), an award-winning multi-asset broker, has once again solidified its reputation for excellence, outperforming competitors across multiple key categories in Investing.com’s latest brokerage test.
Investing.com, one of the world’s leading financial publishers, provides real-time financial news, analysis, and data, serving over 60 million monthly users across global markets. Its brokerage tests are highly regarded in the industry, offering comprehensive insights into broker performance based on rigorous evaluation criteria.
In this latest assessment, the test evaluated multiple key metrics, including leverage, spread value, spread stability, no-slippage rate, market depth, large order cost, and swap competitiveness, conducted during one of the most volatile periods – the U.S. elections—with test data focused on the product movement of Gold (XAUUSD).
Leverage
Vantage excelled in providing flexible, highly competitive leverage of up to 1:2000 (in selected regions), granting traders access to powerful financial instruments with a range of options tailored to their trading needs. This balance of flexibility and control is essential to Vantage’s philosophy of empowering traders with tools that support intelligent risk management.
Spread Value and Spread Stability
Based on ECN account data, the test highlighted Vantage’s exceptionally low spread values at 9.1 as compared to other brokers, offering traders cost-effective access to the markets. Furthermore, spread stability consistently held within a range of 8-9 points, a critical factor during market turbulence. This stability reflects Vantage’s robust infrastructure and dedication to providing reliable trading conditions regardless of market fluctuations.
No-Slippage Rate
Vantage demonstrated an unmatched 79% no-slippage execution rate on STP accounts, showcasing its ability to minimise the disparity between requested and executed prices. By reducing unexpected deviations, Vantage ensures that traders’ strategies remain intact without unexpected deviations, enhancing trust and transparency in trade execution.
Market Depth
In a rigorous test of order placements during high-volatility news events, Vantage exhibited unparalleled market depth, handling large lot sizes with minimal slippage. This level of market depth and stability reflects the strength of Vantage’s liquidity network, providing traders with a seamless experience even during peak market activity.
Large Order Cost
During the high-volatility US Election period, Vantage excelled with a larger order cost of -26.6, offering competitive pricing and minimising trading expenses for large transactions. This is at the back of Vantage’s commitment to ensure that traders enjoy cost-efficiency even in dynamic and fast-moving markets.
Swap Competitiveness
Vantage continues to deliver value with industry-leading swap rates, offering -30.8 for long positions and 22 for short positions. Known for offering some of the industry’s best swap rates, Vantage ranks highly with advantageous rates on both sides of the market, providing traders added value, especially for long-term positions.
The recognition by Investing.com is a true testament to Vantage’s drive for excellence and reinforces its position as a leader in the global trading landscape. For traders across the world, these results are not only a reflection of Vantage’s superior trading conditions but also a promise of its unwavering commitment to fostering a high-performance trading environment.
Jack Kelly, Head of Sales, Vantage Australia said, “Here at Vantage Australia, we’re thrilled to see our dedication to delivering a high-quality trading experience recognised in Investing.com’s latest rankings. This achievement highlights the passion and precision we bring to our work every day. As we look ahead, we remain focused on refining our offerings and ensuring our traders have the best tools and support to navigate the markets with confidence.”
For more information, visit Investing.com.
About Vantage
Vantage Markets (or Vantage) is a multi-asset broker offering clients access to a nimble and powerful service for trading Forex and Contracts for Difference (CFDs) products on, Commodities, Indices, Shares, ETFs, and Bonds.
With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.
trade smarter @vantage
Vantage Global Prime Pty Ltd (ACN 157 768 566) (“Vantage”), located at 12/15 Castlereagh Street, Sydney, NSW, Australia, 2000, and is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL no. 428901.
Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary.
You should consider whether you’re part of our target market by reviewing our Target Market Determination (TMD), reading our Product Disclosure Statement (PDS), and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary. |
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View original content:https://www.prnewswire.co.uk/news-releases/vantage-markets-named-leading-broker-in-investingcoms-latest-rankings-for-2024-during-the-us-election-period-302305176.html
Blockchain
XChain, VARA’s Exclusive Transaction Monitoring Partner, Readies Rollout for Regional and Global VASPs
Global digital assets risk monitoring provider XChain, which has been working with Dubai’s VARA since 2022 as its exclusive forensic transaction monitoring partner, has announced the rollout of its services for institutional and retail Virtual Asset Service Providers (VASPs) in the region. The public launch of XChain’s transaction monitoring services will benefit VASPs, and eventually traditional financial institutions venturing into digital assets, offering much needed lifecycle support in areas of crypto oversight, compliance frameworks and transaction monitoring forensics.
By providing the region’s VASPs full visibility on the necessary regulatory and compliance frameworks, XChain aims to solve for key risk factors in on-chain transactions, enabling service providers to ultimately gain real-time insights into their risk metrics. XChain’s early intervention efforts will further establish a reliable and transparent monitoring foundation for VASPs, preparing them for proactive risk management as it relates to their different business models.
Haydn Jones, the newly appointed Managing Director of XChain, said: “With an increasing number of companies looking to tap into UAE’s digital assets industry, we are privileged to continue our work streamlining access to on-chain transaction risk-based analytics. It is therefore imperative for the compliance functions within VASPs to have access to the latest thinking, and we are proud to be at the forefront of blockchain forensics and asset monitoring to build a trusted and reliable framework that offers end-to-end support.”
Matthew White, CEO of VARA commented: “At VARA, we are committed to fostering innovation while ensuring robust regulatory standards for the virtual asset ecosystem. XChain’s rollout of its transaction monitoring services represents a significant step forward in enabling VASPs to operate with enhanced transparency and confidence. We are pleased to collaborate with XChain in setting new benchmarks for regulatory technology, which will not only benefit the digital asset sector but also build bridges with traditional financial institutions exploring this space.”
Building the Gold Standard in Forensic Transaction Monitoring
VARA and XChain are also working on a regulatory dashboard tool to advance the existing on-chain transaction monitoring standards for the region’s digital assets ecosystem. The dashboard, expected to be launched in beta later this year, will offer real-time on-chain data and open-source intelligence derived from VASPs, enabling such institutions, as well as TradFi and professional services companies dealing with digital assets, to integrate a unified risk monitoring tool that adheres to the gold standard in Virtual Assets Regulatory Technology.
The post XChain, VARA’s Exclusive Transaction Monitoring Partner, Readies Rollout for Regional and Global VASPs appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (Chainlink Labs, BlackRock, Fidelity, Dynamite Blockchain)
Exploring the Frontlines of Blockchain Innovation and Adoption
The blockchain industry continues to shape the future of finance, governance, and technology. Today’s briefing covers a range of key developments, from Australia’s crypto crackdown to Chainlink Labs’ expansion, Nevada’s innovative blockchain-driven electoral security, and updates on institutional Bitcoin adoption.
Australia’s Crypto Shakeup: A Looming Exodus for Blockchain Startups?
Australia’s blockchain and crypto sectors face a tumultuous period as nearly 30% of the country’s crypto-related businesses are projected to close operations by 2024. This decline follows increased regulatory scrutiny and diminishing investor confidence, as outlined in a report by KPMG.
The tightening regulatory environment has fueled debates about whether these measures protect consumers or hinder innovation. Advocates argue that clear regulations are crucial for building trust and stability in blockchain ecosystems, while critics fear they might stifle entrepreneurial spirit in the country.
This development could serve as a cautionary tale for other nations walking the fine line between fostering innovation and enforcing compliance.
Source: Cointelegraph
Breaking Down Institutional Bitcoin Adoption
Institutional adoption of Bitcoin is on the rise, marking a significant milestone for blockchain’s integration into mainstream finance. A new report reveals how companies are leveraging Bitcoin as a reserve asset, while financial giants explore Bitcoin-backed investment products to attract both retail and institutional clients.
While adoption is accelerating, barriers remain. Regulatory uncertainty, volatility, and infrastructure gaps hinder broader integration. However, with asset managers like BlackRock and Fidelity increasingly embracing Bitcoin ETFs, institutional interest appears to be solidifying the cryptocurrency’s position as “digital gold.”
This trend signifies blockchain technology’s growing legitimacy in traditional financial systems, offering a pathway for further innovation and integration.
Source: Bitcoinist
Nevada Implements Blockchain for Election Security
In a pioneering move, Nevada has integrated blockchain technology to enhance electoral security and prevent fraud. This development comes in response to a 2020 incident involving fraudulent electors, with blockchain now being used to verify the authenticity of electoral certificates and records.
The immutable and transparent nature of blockchain ensures tamper-proof data integrity, making it an ideal solution for secure electoral processes. Nevada’s initiative could serve as a model for other states and countries grappling with election integrity issues.
By leveraging blockchain for governance, Nevada showcases how this technology can go beyond finance to address critical societal challenges.
Source: 8 News Now
Dynamite Blockchain Rebrands and Charts a New Path
Dynamite Blockchain has announced a strategic rebranding initiative to align its corporate vision with emerging trends in decentralized finance (DeFi), non-fungible tokens (NFTs), and enterprise solutions. The rebranding effort includes an updated logo, a new corporate mission, and a pivot toward offering scalable blockchain solutions for businesses.
The company’s refreshed focus aims to position Dynamite Blockchain as a leader in enterprise blockchain adoption, helping organizations integrate decentralized solutions seamlessly into their existing frameworks.
This rebranding underscores the importance of adaptability in the rapidly evolving blockchain space, where staying relevant often means redefining one’s identity.
Source: GlobeNewswire
Chainlink Labs Expands to Abu Dhabi Global Market (ADGM)
Chainlink Labs, the developer of the blockchain oracle network Chainlink, has established a new presence in the Abu Dhabi Global Market (ADGM). This strategic expansion aims to tap into the Middle East’s growing blockchain ecosystem and foster collaborations with financial institutions in the region.
By entering ADGM, Chainlink Labs signals its intent to advance blockchain-powered financial solutions, with a focus on enhancing smart contract utility and adoption. The move also underscores the region’s increasing role as a hub for blockchain innovation.
This expansion reinforces Chainlink’s position as a key player in bridging on-chain and off-chain systems, further enabling the growth of decentralized applications worldwide.
Source: PR Newswire
Emerging Trends and Insights
- Regulatory Challenges: Australia’s crypto downturn reflects the broader tension between innovation and regulation, offering lessons for global blockchain players.
- Institutional Momentum: The rising adoption of Bitcoin by financial giants suggests a pivotal shift in the role of cryptocurrencies in traditional markets.
- Blockchain Beyond Finance: Nevada’s electoral security innovation highlights blockchain’s potential to address societal issues beyond financial services.
- Corporate Evolution: Dynamite Blockchain’s rebranding illustrates the industry’s emphasis on staying agile and forward-looking.
- Global Expansion: Chainlink Labs’ move into ADGM underscores the Middle East’s emergence as a critical blockchain innovation hub.
Key Takeaways
- Blockchain’s application in governance and security, as seen in Nevada, demonstrates its potential for societal transformation.
- Institutional adoption of Bitcoin is solidifying its status as a mainstream financial asset, even amid regulatory hurdles.
- Strategic rebranding efforts, such as Dynamite Blockchain’s, reflect the dynamic nature of the blockchain industry.
- Expansions into regions like the Middle East signal blockchain companies’ focus on tapping into emerging markets.
The post Blocks & Headlines: Today in Blockchain (Chainlink Labs, BlackRock, Fidelity, Dynamite Blockchain) appeared first on News, Events, Advertising Options.
Blockchain Press Releases
Bybit Expands On-Chain Earn Offering with SUI Staking
DUBAI, UAE, Dec. 10, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announces the addition of SUI to its On-Chain Earn platform, providing users the ability to participate in blockchain security while earning staking rewards. To mark this launch, a 12,000 SUI bonus pool will be available to eligible participants staking SUI during the event period.
Event Details
- Duration: From now until Jan. 3, 2025, 11:59 PM (UTC)
- Bonus Pool: 12,000 SUI, distributed proportionally based on participants’ staking amounts.
Key Features of SUI Staking on Bybit
- Higher APY Potential: On-chain staking offers competitive annual percentage yields.
- Simplified Process: Bybit handles minor fees and distributes daily staking rewards directly to users.
- Support for Blockchain Decentralization: Staking supports the decentralization and security of blockchain networks.
- Flexibility: Participants can stake and redeem with ease, offering both convenience and accessibility.
Staking Mechanics and Reward Distribution
Users staking SUI on Bybit’s On-Chain Earn during the event must maintain a staking period of at least 24 hours to qualify for earnings and the bonus pool. Rewards will be credited to users’ Funding Accounts daily at 6:00 AM UTC, with no limits on the potential daily SUI earnings.
“We are excited to enhance our On-Chain Earn platform with the addition of SUI staking,” said Joan Han, Sales and Marketing Director of Bybit. “This staking initiative reflects our commitment to empowering users with innovative and accessible ways to grow their crypto assets.”
Bybit On-Chain Earn is an easy-to-use staking service that lets users earn rewards by staking crypto directly on the blockchain. Staking can be complicated, often requiring technical expertise and specialized hardware. Bybit On-Chain Earn simplifies this process by managing all the complexities — gas fees, node operations, and reward distribution — so users can stake popular PoS cryptocurrencies like ETH and SOL with just a few clicks.
Find out more: SUI-percharge with On-Chain Earn: Stake SUI to Earn up to 12,000 SUI
#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
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-expands-on-chain-earn-offering-with-sui-staking-302327648.html
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