Blockchain
Global Incubation Programme Launched By BKEX Labs As Comprehensive Support For Startups Remains Top Priority
Road Town, British Virgin Islands–(Newsfile Corp. – August 26, 2022) – BKEX is a reputable crypto exchange that not only operates on a global level but also readily provides trading services for more than 1,000 cryptocurrencies, including mainstays such as Bitcoin and Ethereum.
Global Incubation Programme Launched By BKEX Labs
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In order to keep providing high-quality services and features, BKEX Labs recently unveiled the launch of the Global Incubation Programme, the goal of which will be to seek out top projects in the worldwide blockchain market and provide multi-dimensional as well as comprehensive incubation regarding technology, resources, and talent pool to empower projects in every conceivable and relevant aspect.
What is BKEX Labs
BKEX Labs is a reliable and verified investment firm specializing in asset management, blockchain investment and project incubation, among other things. In the context of blockchain investment, BKEX Labs managed to establish a $100 million VC (Venture Capital) fund to supplement the launch of the Global Incubation Programme in order to once again provide thorough support to blockchain startup teams based on capital as well as driven by a keen sense of professionalism.
To that end, BKEX Labs follows a meticulous incubation system through which projects are empowered in six main categories, namely project architecture design, tokenomics development, legal and regulatory consultation, technology system development, capital resources support, and comprehensive project operation.
Why was BKEX Labs started
The founder, Wilfred, stated that “BKEX Labs concentrated on VC investment in the initial periods.” During the development of the exchange and investment business, the firm was able to successfully accumulate all kinds of resources and relevant experience in technology development, project design, operations, and so on, thereby becoming a highly qualified investment and research team with a key focus on professionalism and dependable execution ability.
With this in mind, Wilfred stated that “we decided to start the Global Incubation Programme with the overall objective of offering startups with reliable and steady development in addition to BKEX Labs being able to leverage its strengths.” BKEX Labs will thus sponsor a hackathon and use the method of deeply bounding to new public chains to locate high-quality projects from around the world for in-depth incubation via the launch of the Global Incubation Programme.
About BKEX
BKEX, founded by JM in the British Virgin Islands in 2018, offers cryptocurrency trading services to users in more than 100 nations and territories. BKEX set a new record on the day of its launch, with over 100,000 registered users being obtained in just one day. The platform’s native token is called BKK.
Through the leadership of the exchange’s founder, the BKEX team is committed to making crypto circulation more dependable and valuable, performing iteration upgrades every month, strengthening the platform’s resilience to risk, and last but not least improving the security of users’ assets on a consistent basis, thereby making BKEX a top platform for cryptocurrency users and aficionados from across the globe.
Moreover, BKEX has always retained its original goal and has routinely prioritized both user safety and offering an innovative array of services and features while also helping users realize asset appreciation. BKEX has also accelerated the process of globalization in 2022, with the exchange having already established offices in a number of countries and regions and has begun global recruitment as well.
For additional information and regular updates, visit BKEX’s official website along with the Medium, Twitter, Facebook, Telegram, YouTube and Medium channels.
Contact Info:
CEO name: Jingyan Ji
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134934
Blockchain
P2 Ventures Commits $50M Via Hadron FC to Startup Founders in Polygon Ecosystem
Last year, P2 Ventures emerged as a distinct entity from Polygon Labs, with a focus on blockchain investments. Now, it’s earmarking funds and providing mentorship to bolster project founders, particularly those concentrated on the Polygon blockchain ecosystem. A contributor from Hadron FC remarked that the community offered the perfect blend of “capital and vibes.”
P2 Ventures, a venture capital firm with a blockchain emphasis, was established late last year as a separate entity from developer Polygon Labs. It has pledged $50 million to support startup founders, potentially igniting fresh initiatives within the Polygon ecosystem.
The investment from P2 Ventures will be channeled to founders via Hadron FC, a program tailored for founders with hubs in Dubai and New York, according to a press release. This program encompasses mentorship, legal and regulatory guidance, networking opportunities, and “comprehensive assistance in navigating the complexities of startup development and fundraising,” the release stated. Among the initial 36 projects onboarded, several participated in a week of collaborative efforts at the Dubai facility. Shreyansh Singh, head of investments at P2 Ventures, expressed confidence in Hadron Club’s unparalleled capacity to nurture the aspirations of forward-thinking founders within the Polygon ecosystem.
Ajit Tripathi, a core contributor at Hadron FC, noted that the community provided the ideal mix of “support, capital, and ambiance.”
Initially part of Polygon Labs, the principal developer of various Polygon layer-2 networks built on Ethereum, P2 Ventures transitioned into an independent unit with its own 10-person team late last year, rebranding itself as P2 Ventures.
Source: coindesk.com
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Blockchain
Blockchain sleuth uncovers identity of PrismaFi’s hacker, who stole $11m
Blockchain investigator ZachXBT uncovered the purported perpetrator behind the PrismaFi breach, which resulted in the protocol losing $11.1 million worth of cryptocurrency. Through a series of posts, ZachXBT disclosed that the individual behind the attack, identified as 0x77 (or Trung), may be connected to several other breaches.
The Prisma team initially detected a sequence of transactions on the MigrateTroveZap contract in March, ultimately resulting in a loss of 3,257 ETH (equivalent to $11.1 million at the time). Initially, the attacker communicated with the Prisma deployer, claiming the attack was a white-hat initiative. However, all funds were subsequently transferred to Tornado Cash, a sanctioned cryptocurrency mixer.
The attacker then made audacious demands, including a $3.8 million (34%) white-hat bounty, significantly higher than the industry standard of 10%, as noted by ZachXBT, who highlighted that this demand was essentially extortion, given the insufficient assets in the treasury to reimburse users.
Further investigation revealed that the attacker’s address received funds via FixedFloat and was subsequently traced to Arbitrum, a layer-2 solution on Ethereum. By analyzing timing, ZachXBT determined that the attacker’s address was linked to withdrawals on TRON, including those from the Bybit cryptocurrency exchange.
The investigation also unveiled connections to prior breaches, such as the Arcade_xyz breach from March 2023 and the Pine Protocol breach from February of the current year. The attacker, utilizing the alias 0x77 on Telegram, remained active and had ties to the deployer of @modulusprotocol, further solidifying the connection between each incident.
Furthermore, the investigator disclosed conducting an analysis of the attacker’s personal information, including phone numbers and emails, which indicated a proficient technical background. All collected personal data has been forwarded to the Prisma team, who are pursuing legal action against the hacker in Vietnam and Australia, ZachXBT added.
Source: crypto.news
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Blockchain
Bybit CEO: “Institutions Driving Today’s Crypto Bull Market” – At Blockchain Life 2024 Dubai
During a discussion among industry leaders at the Blockchain Life conference in Dubai, Bybit CEO Ben Zhou emphasized the preparedness and sophistication of contemporary cryptocurrency exchanges (CEXs). Zhou, who co-founded Bybit in 2018, now stands at the helm of one of the world’s top three exchanges by trading volume.
At the event, Zhou shed light on various facets that underscore the current era of crypto maturity. “From Bybit’s standpoint, this ongoing bull market has been primarily propelled by institutional involvement… Our collaboration with third-party custodians like Copper and Fireblocks led to a 186% increase in institutional capital flows last year,” Zhou noted. He highlighted the pivotal role of enhanced infrastructure and the approval of Bitcoin spot ETFs in facilitating institutional participation in the crypto market.
Zhou has overseen meticulous upgrades to Bybit since the previous crypto bull run in 2021, enabling institutional investors to deploy larger capital pools. “Bybit boasts a highly versatile trading system that accommodates trading of any token against any other,” Zhou remarked during his live address on the main stage. “This affords our institutional clients a plethora of tools, enabling them to engage in spread trades, arbitrage funding rates, and various sophisticated trading strategies. This capability has facilitated the influx of new capital into the crypto space.”
Furthermore, Zhou highlighted the evolution of service reliability amidst market volatility. “Our risk management and system resilience have undergone continuous enhancements,” he affirmed. “Even during turbulent market conditions, Bybit maintains its stability.” This stability serves as a testament to the advanced infrastructure supporting both institutional investors and the exchange’s 25 million retail users.
Zhou also emphasized Bybit’s efforts to empower retail clients with access to products that simplify sophisticated trading strategies. “We offer a unique product known as perpetual protect, which utilizes options contracts to safeguard perpetual positions from losses,” Zhou explained. “Additionally, our advanced Unified Trading Account (UTA) design provides traders with a competitive edge in the market.” These initiatives aim to demystify derivatives and options, making complex financial instruments more accessible and comprehensible to a broader audience.
As the crypto market continues to mature, Bybit remains at the forefront, spearheading innovations that align with evolving market trends and regulatory standards. This proactive stance not only signifies a significant milestone for Bybit but also underscores the overall advancement of the crypto exchange industry.
Source: prnewswire.com
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