Cayman Islands, Grand Cayman, October 2nd, 2024, Chainwire
The Nibiru Foundation launches Nibiru Ventures, a strategic venture arm dedicated to supporting blockchain projects building natively in the Nibiru ecosystem. Through funding and guidance, Nibiru Ventures will cultivate the next generation of builders and help bring their application visions to market.
Product and operational support are vital, but capital introductions and commitments have emerged as the most commonly requested resources from founders building applications. Whether targeting multi-chain expansion or building exclusively on Nibiru, product integration comes with costs in the form of developer time and salaries spent.
“Nibiru Ventures was created to overcome the challenges faced by ecosystem dApp founders and expand the scope of the services that Nibiru provides, offering upfront funding and broad support to accelerate their journey,” says Nibiru Chain COO Jonathan Chang.
Chang emphasized that Nibiru Ventures hopes to mitigate the upfront risk associated with integrating an application to a new chain while ensuring alignment with Nibiru, and without enforcing chain exclusivity. On top of this, the team offers guidance on entity formation, pitching, fundraising, go-to-market strategy and technical assistance.
Nibiru Ventures Investment Strategy
Ideas are abundant in the Web3 space, but the path to widespread adoption requires applications that deliver tangible utility. Nibiru Ventures is focused on supporting consumer-facing applications that naturally drive meaningful interest and engagement, in contrast to more esoteric infrastructure projects.
Typical investments focus on pre-seed and seed-stage rounds and priority is given to those with shorter time-to-market. Key areas of focus include pioneering models of decentralized exchanges (DEXs), lending, derivatives, and vaults for structured products.
“For Nibiru Ventures, these sectors are considered particularly promising due to their alignment with patterns of historical adoption, parallels to successes in Web2, and a solid base of existing technology to build upon,” explains Nibiru co-founder, Unique Divine.
To date, one of Nibiru Ventures’ significant investments was made in LayerBank, a decentralized multi-chain lending platform looking to become a liquidity hub across EVM-compatible Layer 2 and rollup chains. With $675+ million USD in total value locked (TVL) and growth potential, LayerBank will introduce cross-chain lending functionality in Q4 2024. This innovation will consolidate fragmented liquidity across various Layer 2s into a unified liquidity pool.
To learn more about the application process for Nibiru Ventures and to apply for funding, readers can visit the application form. By applying, projects gain the opportunity to join a carefully curated portfolio. Nibiru Ventures seeks to partner with forward-thinking founders and teams to drive positive growth in Web3.
About Nibiru
Nibiru Chain is a smart contract ecosystem with a high-performance, EVM-equivalent execution layer (Nibiru EVM). The Nibiru blockchain is engineered to meet the growing demand for versatile, scalable, and easy-to-use Web3 applications. Having secured $20.5 million in strategic and seed funding rounds, Nibiru is backed by investors, including NGC Ventures, HashKey Capital, Kraken Ventures, and Tribe Capital.
Contact
Nibiru Chain
media@nibiru.org
Zug, Switzerland, October 1st, 2024, Chainwire
Energy Web’s innovative app enables EV owners to decarbonize charging sessions with renewable energy
Energy Web is proud to announce the beta launch of AutoGreenCharge, a mobile app designed to decarbonize electric vehicle (EV) charging. With AutoGreenCharge, users can ensure that every EV charging session is powered by renewable energy. The app is accessible to owners of popular electric vehicles, including Tesla, BMW, Mercedes, and others, bringing the promise of green charging to a worldwide, mainstream audience.
Powered by the decentralized technology of Energy Web’s EnergywebX and secured by the Polkadot blockchain, AutoGreenCharge offers a simple, secure, and verifiable solution to ensure EV charging is not just electric, but 100% renewable. By integrating renewable energy certificates (RECs), the app will automatically match EV charging sessions with clean energy, providing verifiable green charging in real time. While in the beta phase, users can familiarize themselves with the app’s core features and experience the future of EV charging firsthand.
AutoGreenCharge allows EV owners to easily connect their vehicles through a partnership with Smart Car. Once connected, every charging session is automatically tracked, giving users detailed insights into their energy consumption and environmental impact. As the app evolves toward full production, users will be able to retire real renewable energy certificates with each charging session, ensuring their cars are powered by clean, sustainable energy sources. Additionally, they will have the option to specify preferences for the type and location of renewable energy, offering personalized access to solar, wind, and other clean energy sources from around the globe.
Mani Hagh Sefat, CTO of Energy Web, shared, “AutoGreenCharge represents a major step forward in the electrification and decarbonization of transportation. By providing EV owners with a seamless way to ensure their cars are charged with renewable energy, we’re empowering drivers to make more sustainable choices and actively contribute to the global energy transition.”
AutoGreenCharge’s integration with the Polkadot blockchain ensures that every transaction and certificate retirement is securely recorded and verifiable, enhancing transparency and trust in the system. This cutting-edge app is a key development in the broader mission to build a more resilient, efficient, and sustainable energy system.
With the beta version now available, EV owners are encouraged to download the AutoGreenCharge app and start participating in this transformative initiative. The app can be easily found on the testflight Apple and Google Play Stores. As the app moves towards its full production release, users will play a crucial role in refining its features and improving the future of green charging.
For more information, users can visit Energyweb.org
About Energy Web
Energy Web is driving the global energy transition through cutting-edge, open-source, decentralized software solutions. By leveraging blockchain technology, we create new market mechanisms and decentralized applications that empower energy companies, grid operators, and consumers to actively shape their energy futures. Our mission is to build a more resilient, efficient, and sustainable energy system for all.
Contact
Jonathan
jonathan@distractive.xyz
Zug, Switzerland, October 1st, 2024, Chainwire
The MYTH Airdrop Distributes Rewards to Polkadot Users in a Large and Transparent Airdrop Event
Yesterday, the Polkadot DAO and Community commenced distributing an airdrop of 10 million MYTH tokens to over 450,000 Polkadot (DOT) wallets as an inaugural, collaborative action between the Mythos and Polkadot ecosystems.
The airdrop follows the previously announced collaboration between the two entities and is a historic milestone in the industry leaders’ successes at the forefront of blockchain gaming and Web3 innovation. Users can claim their rewards and “teleport” their tokens to the Mythos Chain via the airdrop portal at https://airdrop.mythos.foundation, transforming the airdropped tokens to native MYTH, which powers the Mythos gaming chain.
The airdrop distribution began on Sep. 30th and will conclude within seven days.
Airdrop Overview
This airdrop is more than just a distribution of tokens—it’s the product of several rounds of feedback from the Polkadot community, making it the most transparent airdrop ever created. The airdrop was refined with input from the Polkadot community, including input from key Polkadot ecosystem stakeholders and leaders from organizations including Scytale Digital, The Kusamarian, OpenGov.Watch, ChaosDAO, PermanenceDAO, and BlockDeep Labs.
The airdrop was constructed and published via Dune Analytics, led by blockchain services firm Colorful Notion, with an audit conducted by Parity Technologies, allowing full transparency and community insight throughout the process.
Users can login to the airdrop portal on desktop (mobile support coming soon) and claim the MYTH to a native Mythos chain address. With MYTH users can begin operating on the Mythical Marketplace, transacting on the Mythos chain and readying themselves for further incentives expected to be announced in the coming weeks. The 10 Million MYTH airdrop is also intended to complement the ongoing Mythical Forest campaign, in which holding native MYTH tokens gives users a multiplier effect on rewards, allowing them the chance to earn from a 2 million MYTH token pool incentivizing social tasks and quests.
Airdrop Criteria Looking to Reward the Most Active Users
The goal of the two campaigns is to spure participation, with the currently live Mythical Forest Campaign focused on social quests and the MYTH airdrop focusing on rewarding active Polkadot users—those who have engaged in core activities like staking, voting in governance, and executing cross-chain (XCM) transactions; Polkadot’s signature feature that highlights its unparalleled interoperability. A total of 128,796 active wallets are receiving rewards, with individual wallets receiving up to 1,337 MYTH based on their level of engagement.
Users who had participated more actively saw a significantly higher share of the rewards pool. For example:
- If one had staked their DOT, they could have received additional MYTH tokens.
- If one had engaged in cross-chain transactions (XCM)—Polkadot’s unique feature allowing seamless transfers across different chains.
- Even more rewards were available for voting in Polkadot’s governance system (OpenGov) and participating in crowdloans.
This airdrop incentivizes both active and passive participants in the Polkadot ecosystem, rewarding those who have fully embraced Polkadot’s unique advantages. For users who simply held DOT but didn’t actively participate, 347,885 “inactive” wallets still received MYTH tokens, ensuring everyone with a stake in Polkadot benefited from this community-driven initiative. In both cases the wallet must have held between 10 DOT and 5000 DOT at the time of snapshot.
The MYTH token: Expanding Across Chains
The Mythos blockchain gaming ecosystem, in collaboration with and support of Mythical Games, is demonstrating the power of multi-chain interoperability with the Mythos chain and MYTH token, which is now supported across four blockchains, three of which are secured by Polkadot:
- Mythos – The native blockchain of the Mythos blockchain gaming ecosystem. Users can interact with projects like the Mythical forest campaign by holding their MYTH here. [
- Hydration – Polkadot’s leading DeFi chain and most advanced decentralized exchange.
- Ethereum – Home of the MYTH ERC20 token, which can be bridged to the Mythos chain via Snowbridge.
- Asset Hub – A Polkadot system chain, which acts as the focal point of liquidity entering the Polkadot ecosystem and a hub to connect all parachains.
This multi-chain capability reinforces Mythos’ commitment to being chain-agnostic, aligning with Polkadot’s vision of interoperability across blockchains. Users are able to access and manage their tokens through all major ecosystem wallet UIs including Nova Wallet and SubWallet for mobile users, as well as Talisman and SubWallet on desktop, with initial support for the airdrop portal coming from Talisman and SubWallet on desktop devices.
Future Campaigns and Gaming Incentives
In addition to the current campaigns, the Mythos Foundation has reserved millions of additional MYTH tokens, for community building, gaming incentives and more, available to those with active accounts on the native Mythos Chain. An additional reserve will be used to drive long-term engagement of token holders and gamers.
More on the Mythical Forest Campaign: 2 Million MYTH Tokens Up for Grabs
Running alongside the airdrop is the Mythical Forest Campaign, where participants can complete social tasks and earn points towards a 2 million MYTH token rewards pool. The more tasks completed, the more MYTH tokens participants can claim, making it an exciting opportunity for the entire Web3 community. Holders of native MYTH tokens are further incentivized with bonus rewards.
For full details on the airdrop criteria, including to confirm eligibility, readers can visit https://dune.com/substrate/mythos.
About the Mythos Foundation:
The Mythos Foundation is primarily responsible for the governance and development of the MYTH token and its ecosystem. It oversees initiatives and partnerships aimed at expanding the adoption of blockchain technology in gaming, including managing token distribution and supporting gaming incentives. It emphasizes the broader ecosystem, governance, and strategic partnerships, such as the collaboration with Polkadot for token swaps and airdrops.
For more information on the Mythos Foundation, readers can visit https://linktr.ee/mythostoken.
Contact
Jonathan Duran
Jonathan@distractive.xyz
Grand Cayman, Cayman Islands, October 1st, 2024, Chainwire
The Move-based protocol becomes the 8th largest blockchain by Total Value Locked, amid USDC integration and thriving developer ecosystem
Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, has crossed the $1B mark in Total Value Locked (TVL), based on publicly available data from DeFiLlama. Leveraging the network’s public goods, like its innovative central limit order book, DeepBook, Sui’s TVL has grown over 2700% over the past twelve months.
Data from DefLlama shows the rapid advance of Sui’s DeFi TVL
Data from DefLlama shows the rapid advance of Sui’s DeFi TVLThe leading Layer-1 blockchain that was created by the team that led Meta’s Diem crypto project is now the 8th largest chain as measured by TVL, after locking more value in its ecosystem than established protocols such as Polygon, and Optimism. This latest achievement signals a burgeoning demand that is strengthening the entire Sui DeFi ecosystem including leading lending protocols on the network, NAVI, Suilend and Scallop Lend and decentralized exchanges, Cetus and Aftermath.
With over $400 million in stablecoins and a top 10 ranking in weekly DEX trading volume, Sui recently announced with Circle that it joined an exclusive shortlist of non-EVM chains to natively support the USDC stablecoin and its Cross-Chain Transfer Protocol (CCTP) on the network.
“Sui is the fastest-growing DeFi ecosystem and it’s thriving!” said Adeniyi Abiodun, Co-Founder and Chief Product Officer of Mysten Labs, which developed the Sui Network. “In the past year, Sui has attracted an influx of builders whom Sui has enabled to create applications that they simply can’t build on any other blockchain.”
Since its mainnet launch, Sui has been rapidly growing its presence in a number of areas. As a secure and scalable platform for building the future of intelligent assets, Sui has already become a premier destination for application builders in gaming, DeFi, memecoins, as well as real-world applications such as 3D printing and tokenized securities. In September, Mysten Labs unveiled its SuiPlay0X1 handheld gaming device, which sets a new standard in both the Web3 and traditional gaming industries by enabling users to own their own assets natively on Sui and access exclusive in-game rewards.
Contact
Sui Foundation
media@sui.io
Dubai, United Arab Emirates, October 1st, 2024, Chainwire
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to unveil the World Series of Trading (WSOT) 2024, the world’s longest-running crypto trading competition. This year, WSOT pushes boundaries, integrating centralized and decentralized trading, allowing participants to experience the trustless trading of the future.
Game-Changing Features Traders Will Love
Individual traders can battle in three arenas depending on their capital size: lightweight, middleweight, and heavyweight. With separate prize pools for each league, the competition is fairer and ensures that talent wins the day, not account size.
Furthermore, traders can add up to four subaccounts within their Unified Trading Account (UTA) and rack up PnL across multiple accounts and markets, increasing their chances of winning. Bybit’s UTA calculates margin across positions, unifies collateral, and improves capital efficiency so traders can operate multiple positions from one account, making it a killer tool for the rigors of competitive trading.
Expanding into Decentralized and Centralized Trading
WSOT also includes Bybit Web3’s DEX Pro trading platform so participants can trade over 1 million decentralized tokens, including memecoins, DeFi, GameFi, and more. Participants can also take part in the first-ever Web3 Idol competition.
To play, traders earn votes through trading and completing daily tasks. Voters can support up to three projects daily and have the chance to win from a 1,000,000 MNT prize pool, including a 600,000 MNT grand prize for those who vote for the winning project and 200,000 MNT daily rewards. The winning project will receive exclusive CEO backing, prime listing, and marketing support, making it a key event in shaping the future of Web3.
Over 100 ecosystem partners and decentralized projects such as MomoAi and Tars Protocol from Solana, and Catizen, KTX Finance via Mantle will participate in the DEX Pro competition as part of WSOT. By marrying centralized (CEX) and decentralized (DEX) trading, all crypto lovers can experience the wave of the whole ecosystem.
“Bybit aims to create industry best practices for onboarding users for both CEX and DEX to help create a broader landscape of crypto adoption,” said Ben Zhou, co-founder and CEO. “By combining these two elements, we are enabling the smaller projects and specialist traders to rise up the competition ranks.”
10,000,000 Prize Pool and Participation Details
The prize pool for WSOT 2024 is bigger and better, with rewards including yacht cruises, Rolex watches, world travel tickets, and up to 10,000,000 USDT. The more participants join, the larger the prize pool grows, making this year’s competition the juiciest in crypto.
To participate, simply sign up for WSOT when the event opens on October 1 and maintain at least $500 in your Bybit UTA account. All participants can invite friends to join WSOT and get more chances in the lucky draw.
Over the years, Bybit’s WSOT has grown to historic heights, with nearly 117,000 traders entering competitions between 2020 and 2022. And in 2023, the competition attracted almost 120,000 traders globally. This resulted in a remarkable year-on-year trading volume surge of 42%, reaching a total trading volume of 70.5 billion.
#Bybit / #TheCryptoArk / #WSOT2024
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, users can visit Bybit Press.
For media inquiries, users can contact: media@bybit.com
For more information, users can visit: https://www.bybit.com
For updates, users can follow: Bybit’s Communities and Social Media
Contact
Head of PR
Tony Au
Bybit
tony.au@bybit.com
WILLEMSTAD, Curacao, September 30th, 2024, Chainwire
BC.GAME, a leading crypto igaming platform, has officially announced the launch of the $BC Mining Rush, an exclusive event with a staggering prize pool of 1 billion $BC tokens. The event will run from October 1 to October 20, 2024, with pre-registration starting on September 24, offering players the chance to win daily rewards simply by placing bets of $1 or more.
This event aims to offer participants an easy entry into the crypto space, providing opportunities for daily wins while keeping participation straightforward and accessible.
Key Highlights of the $BC Mining Rush
The $BC Mining Rush boasts a daily prize pool of 50 million $BC tokens. Players can enter the prize draw with a minimum wager of $1. Larger wagers can increase a participant’s share of the daily rewards. This format enables both new and experienced players to compete for a portion of the overall 1 billion $BC prize pool.
Pre-Registration for Early Access
Pre-registration begins on September 24, 2024, and will remain open until the end of the event on October 20, 2024. Early registrants can maximize their chances of winning by participating from the start. While late registration is possible, opportunities decrease as the event progresses.
Easy and Accessible Participation
The event is designed to be user-friendly, requiring no complex procedures or technical expertise. Participants need only place their wagers daily, with rewards distributed the following day. This straightforward approach ensures players of all experience levels can engage easily and transparently.
Daily Rewards Based on Wagers
Each day of the event offers new chances to win a portion of the 50 million $BC daily prize pool. A participant’s rewards will correspond to their percentage of total wagers for that day, with higher wagers increasing the potential for larger returns.
How to Participate:
- Step 1: Users should register for the $BC Mining Rush on the BC.GAME website, starting September 24, 2024.
- Step 2: Users should place a wager of at least $1 every day from October 1 to October 20, 2024.
- Step 3: Users will receive daily prize distributions based on their participation in the event.
A New Era of Crypto Gaming and Rewards
BC.GAME continues to lead the crypto gaming sector with initiatives like the $BC Mining Rush. The event underscores the platform’s dedication to providing engaging and rewarding opportunities for its community, while introducing new users to the expanding world of crypto gaming.
“We are thrilled to bring the $BC Mining Rush to our community,” said Jack Dorset, CEO of BC.GAME. “This event is our way of rewarding loyal players while introducing new users to the thrill of crypto gaming with the chance to win big.”
The $BC Mining Rush promises to be a landmark event in the crypto world, offering an unparalleled opportunity for participants to increase their portfolios with rewards.
For more information, users can visit BC.GAME’s official website and follow them on social media to stay updated on all the latest developments.
About BC.GAME
BC.GAME is a leading online gaming platform offering a wide range of games and sports betting opportunities. Known for its user-friendly interface, robust security, and commitment to innovation, BC.GAME continues to be a top choice for crypto enthusiasts worldwide. With exciting events like the $BC Mining Rush, BC.GAME provides unparalleled opportunities for both gaming and earning within the crypto ecosystem.
For more information, users can follow BC.GAME on Twitter.
Contact
Olivia Dixon
BC.GAME
oliviadi@bcgame.com
Bangalore, India, September 26th, 2024, Chainwire
The Huddle01 decentralized Real-Time Communications Network is a multi-sided network with Media Nodes, suppliers of dRTC bandwidth for participants and consumers of audio/video meetings
On November 6, 2024, Huddle01, a leading decentralized real-time communications layer, will launch its media node sale. Huddle01 is setting new standards in decentralized communication, offering a robust and efficient solution to the challenges faced by traditional real-time communication (RTC) providers. Since 2023, Huddle01 has hosted 6 million minutes for more than 100,000 events.
The first dRTC Network
Huddle01 is the first Decentralized Physical Infrastructure Network (DePIN) for RTC or audio/video conferencing. Huddle01 coordinates unused internet bandwidth through node operators to enable seamless audio-video communication via its innovative decentralized, or dRTC network.
Unlike most DePINs, Huddle01 is built from the demand side, addressing the high operational costs and geographical latency issues faced by centralized RTC networks. Founded during Covid-19 as Indian schools moved online, Huddle01 replaced centralized communication systems, which route calls through distant servers — often halfway across the world — causing significant delays and poor performance for video conferencing.
By reducing the reliance on centralized data centers, Huddle01 also minimizes developers’ server costs for audio and video calls by up to 95% compared to AWS, ensuring cost-effective and high-performance communication.
Huddle01’s app layer Huddle01 Meet integrates Web3-native tools, allowing users to connect wallets, use NFT profile pictures as avatars, and host token-gated meetings. Video recordings can be securely stored on the InterPlanetary File System (IPFS), emphasizing the platform’s commitment to decentralization and security.
Led by CEO and Co-Founder Ayush Ranjan and Co-Founder and CTO Susmit Lavania, Huddle01 has an experienced team with 15+ years in RTC and 5+ years of token engineering. Key leadership positions at Huddle01 are held by alumni of BlockScience, ConsenSys, Polygon, Cardano, Persistence, CoinDCX, and Guardian Link.
Nodes lead to improved latency
Huddle01 Media Nodes – the atomic unit of Huddle01’s dRTC network – provide the necessary bandwidth to encode, decode and route audio/video packets for uninterrupted audio and video communication across the globe.
“Google Meets and Zoom streams 300 million minutes per day. If Huddle01 captures just 1-5% of this market in the next 12 months, we would have triggered the highest web3 adoption ever.” CTO Susmit Lavania explained.
While latency issues, or lags and glitches, in the developing world hinder innovation, in truth, they hinder productivity everywhere. Distance education, streaming, gaming and healthcare can all be improved by better internet services.
“These nodes will power a network that already outperforms the incumbent web2 competitors on latency where there is a large cluster of nodes, and is capable of improving lags across the globe,” says Ayush Ranjan, CEO of Huddle01.
“We are excited to launch this node sale, because as we sell more nodes, the benefits for consumers and businesses will only grow. Node operators are incentivized to run a node, allowing them to create more value for themselves but more importantly, they can actually notice the improvement in latency in all their applications,” added Ranjan.
Huddle01: Revolutionizing Real-Time Communication with DePIN
Huddle01 Media Node Sale features
- 46,900 Huddle Media Nodes are available with pricing starting at $320
- Huddle01 will be doing its Node Sales in 2 Phases
- Phase 1 will consist of 20,000 nodes to be sold from the November 6th Whitelist and a Public Sale on November 8
- Phase 1 sale participants are eligible for 2x rewards than Phase 2 participants
- Minimum requirement to run the node is a ~250 Mbps Internet connection, however buyers can also delegate to minimize operating expenses
- The testnet will launch 2 weeks after the sale completes, with node operators earning up to 5 $HUDL per day during the testnet
- 21% of total TGE supply (200M $HUDL) will be offered as rewards for active nodes during the testnet phase, with immediate vesting and 5% unlocked at TGE
Key dates
- Whitelist Opens – 9th October
- Whitelist Sales – 6th November
- Public Sales – 8th November
More details about the public node sale launching on 6th November can be found here, including how to whitelist: HERE.
-END-
About Huddle01
Huddle01 is a decentralized real-time communication (dRTC) network for audio and video streaming – DePIN for RTC – that has clocked in 6 million+ minutes of meetings to date. The dRTC network eliminates the dependency on centralized servers for real-time communication across the globe.
Huddle01 is democratizing connectivity over cyberspace by enabling people to access best in class bandwidth without relying on local physical infrastructure. The network has raised $6M to date and is backed by marquee angels like Balaji Srinivasa, Stani Kulechov and leading VC funds like Hivemind, Protocol Labs, Superscrypt, Consensys and others.
Huddle01 makes it possible to build high-quality audio/video applications in minutes. Leveraging its suite of SDKs, multiple web3 applications have integrated the composable Huddle01 SDKs as their video communication layer. The infrastructure (developer SDKs) has been utilized by 100 projects including Lens Protocol, Solana, and CyberConnect. Soon Huddle01 will be onboarding 1.5M active users to their dRTC network with upcoming integrations.
To learn more visit, www.huddle01.com | Twitter | Website | Medium
Contact
Senior PR Manager
Patrick Kennedy
Serotonin
patrick@serotonin.co
Vilnius, Lithuania, September 26th, 2024, Chainwire
The BITmarkets crypto exchange has published its end-year update for its crypto study on the game-changers for crypto in 2024, entitled “Revisiting the Game-Changers for Crypto”.
Amongst the listed assets, which include cryptocurrencies and other digital assets with the potential to transform the crypto world as we know it, an emerging newcomer is Sui—a blockchain token that is gaining popularity and significance within the decentralized finance (DeFi) applications and technology.
“Sui’s continued innovations and strategic partnerships position it as a leader in the DeFi space. With its low transaction fees, high-speed performance, and growing ecosystem, Sui is set to further expand its influence in the blockchain sector,” commented Ali Daylami, Head of Data Analytics at BITmarkets, on why Sui deserved to be listed among this year’s game-changers, alongside Bitcoin ETFs, Ethereum, Solana and Cardano.
The list of crypto game-changers is part of the updated crypto market study. BITmarkets’ analysis recognizes Bitcoin’s historical significance as a pioneer in the cryptocurrency space, but the exchange does not expect it to be among the assets driving major market shifts in 2024.
About BITmarkets
BITmarkets is a cryptocurrency exchange that offers 24/7 support in 15 languages. Traders can engage in trading more than 200 cryptocurrencies, as well as gain access to daily market updates and diverse educational materials. For more information, explore bitmarkets.com or visit the exchange’s listing on CoinMarketCap.com.
Contacts:
BITmarkets Spot Trading Services are provided by UAB BITmarkets, which is an authorized virtual currency exchange and depository virtual currency wallet operator in Lithuania operating under license no: 306062346, supervised by the Financial Crime Investigation Service and acting under the trademark BITmarkets.
Contact
Ali Daylami
BITmarkets
support@bitmarkets.com
Dubai, United Arab Emirate, September 26th, 2024, Chainwire
In many cases, crypto exchanges and the cryptocurrency industry in general have been criticized for lack of security. This is because, throughout the history of crypto, many scandals have occurred regarding security. Often crypto exchanges have failed to protect themselves and their users from cyber attacks, thus being hacked and losing millions. However, in recent years, with the increase in cryptocurrency adoption and the involvement of large institutions in the industry, security has begun to be taken more seriously.
To prevent such problems and to have high user security Bitunix the fastest-growing exchange in the world has successfully completed a thorough penetration test and bug bounty program in collaboration with Hacken, a major cybersecurity firm specializing in the blockchain and crypto industry. A penetration test is a planned hacking attempt on a system or network to find weaknesses and improve its security. As part of this test, the exchange underwent a thorough security audit to identify and mitigate potential vulnerabilities.
This 2024 penetration test shows Bitunix’s commitment to user security and the seriousness with which it treats this matter by taking a significant step in ensuring the highest standards of security for its users. It also proves that Bitunix security protocols surpass industry standards and that transparency is a priority for the exchange.
User Security Enhanced with Bug Bounty Program
Bitunix treats the security of user funds and data with the highest priority. Bitunix believes that exchange failures have increased user uncertainty, raising concerns about the security and integrity of platforms.
Therefore, in addition to the penetration test, Bitunix also implemented a bug bounty program, which will serve as an extra layer of defense for the exchange. Through this program, Bitunix encourages the global community of security experts and ethical hackers to continuously test the platform and report any issues or vulnerabilities.
According to Bitunix, this program strengthens the platform in terms of security, helping it to be one step ahead of any potential attacks and ensuring that any possible issues are quickly resolved before they can affect users. Furthermore, this demonstrates Bitunix’s commitment to safeguarding user assets by leveraging external expertise.
Bitunix Strengthens User Protection by Partnering with Hacken
User confidence and trust depend on how secure they feel; if security is not taken seriously by the exchange, this can lead to user uncertainty and panic. Cyberattacks can result in stolen assets and trust loss, leaving users unsure about their funds.
Therefore, as proof of its commitment to user security and following many efforts for users to have peace of mind, Bitunix has partnered with Hacken. From now on the latter will perform constant audits of the exchange. With Hacken’s ongoing audits, Bitunix is committed to maintaining a safe environment for its users. Hacken is a leading and trusted blockchain security auditor and plays a key role in securing digital platforms. This partnership with Bitunix, the fastest-growing exchange in 2024 underscores their dedication to advancing security standards within the digital finance sector.
“Our partnership with Hacken is part of our mission to provide the most secure trading experience possible”, said Arron Lee, Co-founder at Bitunix. “We’re ensuring that our platform stays ahead of cyber threats, giving users tranquility each time they trade.”
These steps to strengthen security have been made as part of the efforts to improve the overall experience of platform users since Bitunix has also recently launched its Proof of Reserves (PoR), in which case the exchange has verified that it has the reserves for users. This also shows the commitment that Bitunix has for full transparency with users. Furthermore, CoinGecko, a top cryptocurrency data aggregator and asset management platform, has ranked Bitunix as the 13th exchange globally based on trust score.
About Bitunix
Founded in 2021, Bitunix is one of the fastest-growing crypto derivatives exchanges in the world, achieving millions of users around more than 100 countries in just one year, and already offering over 250 coins for trading. Recently, major exchange rankings like CoinGecko have positioned it in the global Top 15 (by trusted rate).
Bitunix offers unique features that make it the most advanced crypto trading platform in the world (such as multi-window systems where the user can trade simultaneously on up to 8 different charts).
Thus, ease, security, and transparency are the main reasons why traders choose Bitunix for their daily trading, with advantages such as: Leverage up to x125, deep liquidity, lower trading fee, 24/7 customer support, reserve verification/audits, and a strong adherence to regulatory compliance.
Contact
COO
KX
Bitunix
kx.wu@bitunix.io
Alberta, Calgary, September 25th, 2024, Chainwire
The EOS Network announces the successful completion of its landmark upgrade to Spring 1.0. This upgrade has introduced the Savanna consensus algorithm, marking a new era in performance, reliability and speed on the network. By enhancing transaction finality to 1 second, EOS has achieved a more than 100-fold improvement over previous iterations. This rapid advancement in speed, security, and scalability sets the stage for future cryptographic breakthroughs.
This upgrade reflects the shared vision and dedication of EOS’s global decentralized community, underscoring its commitment to pioneering blockchain innovation.
Bart Wyatt, CTO of the EOS Network Foundation, articulated the significance of this strategic development: “With the Spring 1.0 upgrade and the introduction of the Savanna consensus algorithm, we’re achieving something rare in the blockchain world: changing our core consensus algorithm. Very few Layer 1 blockchains have ever done this. I can think of only a handful—Ethereum being the most well known. In doing so, we’re standing on hallowed ground. By bringing EOS to an industry-leading 1-second finality, we’ve taken a massive leap forward, placing EOS at the forefront of blockchain innovation. This isn’t just a technical achievement—it’s about the EOS community taking full ownership.”
EOS Network has completed the transition to Antelope Spring 1.0, providing a non-contentious upgrade path. This process demonstrated the collaborative effort within the EOS community, involving extensive beta testing and a distributed activation, carried out by global block producers (BPs).
The Savanna consensus algorithm revolutionizes blockchain efficiency. By integrating advanced cryptographic techniques such as aggregate BLS signatures, Savanna ensures rapid, irreversible transactions, boosting both network security, scalability and unlocking new use cases in the blockchain industry.
Yves La Rose, CEO of the EOS Network Foundation: “Spring 1.0 marks a pivotal moment for the blockchain industry, introducing the Savanna consensus algorithm with 1-second Instant Finality via cutting-edge BLS cryptographic advancements. This upgrade offers unmatched transaction speed, reliability, and security, laying the foundation for next-generation decentralized applications to flourish. Achieving this was a collaborative feat involving internal teams and external partners, positioning EOS as one of the most technically advanced platforms.
As a transformative phase, Spring 1.0 enables new growth opportunities and adoption within the ecosystem. It unlocks unprecedented value for developers and anyone invested in the long-term potential of blockchain innovation. With proven technology and robust infrastructure, the future presents limitless possibilities as EOS propels the industry forward”
As EOS Network forges ahead with Spring 1.0, it strengthens the foundation for continued innovation and community development. This significant leap in technology unlocks a vast array of new use cases, enhancing the EOS ecosystem.
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EOS Network Foundation
The EOS Network Foundation (ENF) was forged through a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community programs, ecosystem funding, and support of an open technology ecosystem, the ENF is transforming Web3. Founded in 2021, the ENF is the hub for EOS Network, a leading open source platform with a suite of stable frameworks, tools, and libraries for blockchain deployments. Together, we are bringing innovations that our community builds and are committed to a stronger future for all.
Contact
Chief Communications Officer
Zack Gall
EOS Network Foundation
zack@eosn.foundation