Aurelia Butler

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  • 163 Shares129 Views

    in Cryptocurrency

    Bybit Institutional Makes Dual Sponsorship for Swiss Summer Web3Fest and Crypto Valley Conference

    Bybit, the world’s second-largest web3 platform by trading volume, solidified its commitment to fostering innovation and collaboration within the blockchain industry through a multifaceted sponsorship at the prestigious Swiss Summer Web3Fest and Crypto Valley Conference (CVC) in Switzerland in early June 2024. Bybit actively fostered industry connections throughout both the Swiss Summer Web3Fest 2024 and the 6th edition Crypto Valley Conference (CVC) held in Zug and Rotkreuz, Switzerland respectively from June 5th to 7th, 2024.Swiss WEB3FEST Summer Edition is where Crypto Valley and Crypto Oasis converge for an extraordinary celebration of Web3 innovation and collaboration while the Crypto Valley Conference, now in its 6th edition, is a premier event attracting leading figures in the blockchain space. Bybit’s participation demonstrates its support for the growth and development of the crypto ecosystem in Switzerland.About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 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 (NYSE:ORCL) Red Bull Racing team.ContactHead of PRTony [email protected] article was originally published on Chainwire More

  • 213 Shares99 Views

    in Cryptocurrency

    Bybit Powered by SATOS Soft Launches Netherlands Office in Amsterdam, Grand Opening Ceremony Set for August

    Bybit, the world’s second-largest web3 platform by trading volume, is thrilled to announce the soft opening of its Netherlands office in Amsterdam as Bybit Powered by SATOS. This strategic move marks Bybit’s expansion into the Dutch market and reaffirms its commitment to providing exceptional services to the Netherlands’ crypto community by deepening its partnership with SATOS, a Virtual Asset Service Providers (VASP) license holder accredited by De Nederlandsche Bank (DNB).Building a Secure and Trusted Crypto Ecosystem in the NetherlandsBybit Powered by SATOS aims to address the growing demand for secure and reliable cryptocurrency trading platforms in the Netherlands. We offer a comprehensive suite of services, including:More Than Just an Office – A Hub for Collaboration and InnovationBeyond offering support and expertise, Bybit’s Amsterdam office will transform into a central hub for the Dutch crypto community. Bybit will open doors to crypto enthusiasts seeking a collaborative co-working space and will soon launch educational workshops for traders and partners. This collaborative environment will nurture creativity, networking, and knowledge exchange, further solidifying the Dutch crypto ecosystem.Official Grand Opening Ceremony Planned for AugustBybit looks forward to the official grand opening of its Netherlands office in August. Further details will be announced soon. #Bybit #TheCryptoArkAbout Bybit Powered by SATOSIn June 2023, Bybit formed a strategic alliance with SATOS, one of the oldest crypto service providers operating in the Netherlands and Belgium since 2013. This partnership is a testament to our commitment to providing the best services to our users in line with regulatory guidelines, and ensuring the delivery of high-quality services to our users.About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 33 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 (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, users can visit Bybit Press. For media inquiries, uses can contact: [email protected] more information, uses can visit: https://www.bybit.comFor updates, users can follow: Bybit’s Communities and Social MediaContactHead of PRTony [email protected] article was originally published on Chainwire More

  • 138 Shares139 Views

    in Cryptocurrency

    Venom Expands into India with Dual Listings on WazirX and CoinDCX

    Venom Foundation is pleased to announce a major milestone in its global expansion strategy: the listing of its native token, $VENOM, on two of India’s leading cryptocurrency exchanges, WazirX and CoinDCX. This pivotal move grants Venom access to a massive user base in the world’s most populous country, further driving the adoption and visibility of $VENOM.As the global cryptocurrency landscape evolves, India has emerged as a vital hub for blockchain and crypto. With its tech-savvy population and rapidly growing crypto community, India represents a monumental opportunity for Venom to expand its reach and drive adoption.Listings on WazirX and CoinDCXWazirX: As India’s largest cryptocurrency exchange, WazirX serves over 16 million users. $VENOM is now available for trading in USDT and INR pairs.CoinDCX: CoinDCX, another major player in the Indian market, boasts over 14 million users. $VENOM is also available for trading in USDT and INR pairs.Key HighlightsVast User Reach: The combined user base of over 30 million on WazirX and CoinDCX offers unparalleled exposure for $VENOM in India.Market Expansion: These listings mark a crucial milestone in Venom’s expansion strategy, highlighting the explosive growth and adoption of $VENOM in one of the world’s fastest-growing crypto markets.Enhanced Accessibility: Indian users now have streamlined access to trade $VENOM in their local currency, fostering greater adoption and engagement.ConclusionThe listings of $VENOM on WazirX and CoinDCX are pivotal steps in Venom’s strategy to enhance its global reach and liquidity. These listings align with the Venom Foundation goal of increasing adoption and expanding it’s presence in the global crypto landscape.About VenomVenom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms. Learn more at https://venom.foundation/ContactVenom [email protected] article was originally published on Chainwire More

  • 113 Shares199 Views

    in Economy

    Morgan Stanley sees jobs growth slowing; payrolls seen +210,000

    A consensus of economists polled expect the U.S. economy to have added 189,000 jobs in June, a drop from the larger than forecast gain of 272,000 the previous month.Data released leading up to Friday’s important number has tended to show a cooling in the country’s labor market. First-time applications for U.S. unemployment benefits increased last week, while private employers in the U.S. added fewer roles than anticipated in June.Morgan Stanley is looking for a slightly stronger payrolls number than consensus, forecasting that payrolls slow to 210,000 in June.This “reflects an interruption to labor supply and some softening in labor demand. Limiting labor supply, immigration flows slowed in March and remained slower in April and May after a year of strength. Hinting at softer demand, openings have fallen and new jobless claims have risen although continuing claims have not increased as convincingly,” according to analysts at the U.S. investment bank, in a note dated June 28.The bank forecast no change in the unemployment rate at 4.0%, while average hourly earnings are seen rising 0.3% on the month, with growth slowing to 3.9% year-on-year.“We expect slower employment growth in construction and leisure & hospitality because of restrictions in labor supply,” Morgan Stanley said. “With the rise in claims, we also expect some softening in professional and business services employment. We also continue to wait for slowing in retail and transport; they’ve remained remarkably resilient even while retail sales have softened this year and job openings have come down. We also expect slightly slower education payrolls in June.” The Federal Reserve kept interest rates unchanged earlier this month and pushed out the start of rate cuts to perhaps as late as December, as officials look for more convincing signs that inflation is pulling back to the central bank’s target, or evidence that the labor market is cooling. More

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    in Cryptocurrency

    Bitcoin to $10 Million? ‘Rich Dad Poor Dad’ Robert Kiyosaki Says Yes

    According to Kiyosaki, this impending collapse is a precursor to a long-term bull market cycle starting in late 2025.This future bull market will significantly benefit investors in gold, silver and Bitcoin, believes Kiyosaki. He attributes the upcoming economic turbulence to the United States being the largest debtor nation in history and the declining faith in traditional currency. In his rant, Kiyosaki emphasizes that after the anticipated crash, gold, silver, and Bitcoin are expected to surge to new all-time highs and advises patience, suggesting that the rewards for those who remain steadfast in their investments will be substantial.Kiyosaki has consistently voiced skepticism about traditional financial instruments, including even Bitcoin ETFs, preferring to hold physical gold, silver and BTC.His long-standing criticism extends to the Federal Reserve’s monetary policies, viewing the dollar as a “fake” currency and advocating for investments in tangible assets. That is why he has criticized traditional financial products for not truly representing the underlying assets, drawing attention to issues like overselling.This article was originally published on U.Today More

  • 188 Shares179 Views

    in Economy

    Trump presidency would cause spike in US bond yields, says Edmond de Rothschild investment boss

    LONDON (Reuters) – A win for Donald Trump in the U.S. presidential election in November would herald a spike in long-term U.S. Treasury yields, said Edmond de Rothschild Asset Management’s Chief Investment Officer Benjamin Melman on Thursday.Trump’s approach on taxes and immigration would put pressure on the U.S. labour market and wider economy, Melman told a press conference on the firm’s H2 outlook. Trump has established a sizable lead over President Joe Biden in the White House race since the two candidates debated on June 27.Ten-year U.S. Treasury yields rose to more than three-week highs after that debate, near 4.5% in a move some analysts say reflects growing market expectations for a Trump win.”What is true about Donald Trump, his programme, is significantly inflationary,” said Melman. “Even if the environment is bullish in fixed income…the long end of the U.S. yield curve is less bullish in our view due to the U.S. political risk premium.”Trump has pledged to impose tariffs on foreign imports, and up to at least 60% on Chinese goods coming into the U.S., which if passed on to U.S. consumers in the form of price hikes would fuel inflation.Trump also has plans to launch the largest deportation effort in U.S. history, focusing on criminals but aiming to send millions back to their home countries.”When the odds of Trump being elected got higher suddenly, the risk pricing from the markets was immediate,” Jacques Aurelien Marcireau, co-head of equities at of Edmond de Rothschild, told the press conference.Edmond de Rothschild has recently grown more cautious about European assets, until the French political landscape becomes more settled.Their bond market positions include carry strategies profiting from rate differentials between asset values and corporate and financial hybrid debt which bear characteristics of both stocks and bonds. More

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    in Cryptocurrency

    Orbs Liquidity Hub Launches on Fenix Finance to Transform Blast Liquidity

    Layer 3 blockchain Orbs has announced the launch of its liquidity hub on Fenix Finance. Its deployment will deepen available liquidity on the Blast DEX and deliver greater capital efficiency for users of the L2.Orbs Liquidity Hub operates as a layer that sits atop the Fenix Finance DEX. It draws in additional liquidity sources that enable Fenix users to obtain the best possible pricing. This reduces slippage and allows users to extract more value from every trade they place.Designed to solve the problem of fragmented DeFi liquidity, Orbs’ solution also delivers reduced transaction fees, protection against Maximal Extractable Value (MEV), and gas-free transaction executions. Liquidity Hub integrates with the existing Fenix DEX interface, maintaining the user experience that traders are accustomed to.The integration of Orbs Liquidity Hub into Fenix marks its fifth deployment with DEXs operating on EVM networks and is a first for Blast. By merging liquidity from both on- and off-chain sources, Liquidity Hub delivers an enhanced trading experience without introducing custodial risk.If Orbs’ liquidity layer cannot execute the trade at a better price than the AMM, the transaction reverts to the AMM contract and executes as usual. This guarantees that trades will be executed at the best possible rate every time and frees traders from having to manually select their preferred liquidity route.The introduction of Liquidity Hub to Fenix follows the completion of a $300,000 seed investment round for Fenix Finance led by Orbs. This funding, coupled with the deployment of Liquidity Hub, will support Fenix’s goal of delivering the most capital efficient trading experience on Blast.More than 5,000 users have begun trading on Fenix since its Open Beta commenced two months ago. During this time, it has generated over $150M in volume and grown its share of the DEX market. With Orbs Liquidity Hub now deployed, Fenix is optimally positioned to roll out new products that will help to establish it as the preeminent protocol for Blast token trading and liquidity provision.About Orbs Orbs is a decentralized Layer-3 (L3) blockchain infrastructure designed specifically for advanced on-chain trading. Orbs optimizes trading with aggregated liquidity, advanced trading orders, and on-chain derivatives. Orbs enhances the capabilities of both EVM and non-EVM smart contracts without moving liquidity onto a new chain. This one of a kind setup acts as a decentralized backend that brings CeFi-level execution to DeFi trading.Learn more: https://www.orbs.com/About Fenix FinanceFenix is a unified trading and liquidity marketplace for Blast. Its next-generation decentralized exchange provides a technologically advanced and capital efficient trading and liquidity marketplace. Designed to provide superior UX and deeper liquidity, Fenix plays a pivotal role in catalyzing economic growth on Blast.Learn more: https://www.fenixfinance.io/ContactRan [email protected] article was originally published on Chainwire More

  • 88 Shares149 Views

    in Economy

    ECB accounts show worries about stalling disinflation

    The ECB cut rates on June 6 after de facto promising a move but said that the timing of any subsequent cut was up in the air until it was more confident that price growth would move towards its target next year. Policymakers have made clear in recent weeks that no change is coming at the ECB’s July 18 meeting given stubbornly high services costs, but September remains a possibility.”Some members felt that the data available since the last meeting had not increased their confidence that inflation would converge to the 2% target by 2025,” the accounts said. “(This) suggested that cutting interest rates was not fully in line with the principle of data-dependence, and that there was a case for keeping interest rates unchanged at the current meeting.”Nevertheless all but Austria’s Robert Holzmann eventually agreed with the rate cut.Still, some argued that wage growth had surprised to the upside and inflation seemed to be stickier than predicted, so risks were skewed toward higher inflation readings than projected. “This pointed to greater stickiness ahead, which could increase price pressures for some time, even if wages themselves were a lagging indicator,” they said. “Therefore, any further delay in bringing inflation back to target could make it more difficult to continue to anchor inflation expectations in the future,” some members agreed. “All of this suggested that the last mile, as the final phase of disinflation, was the most difficult.”The ECB said that “most members” expressed continued or increased confidence that inflation was on track to fall back to the 2% target the end of 2025.Investors now see about 43 basis points of rate cuts over the rest of this year and about 110 basis points of moves – or between four and five cuts – by the end of 2025. That would put the 3.75% deposit rate near the 2.0% to 2.5% range considered by many to be a “neutral” policy stance.The key worry is that inflation remains too choppy for the ECB to be sure it will fall to 2% by late 2025, as projected. Wage growth is still high and labour market shortages are exacerbating fears of persistent income pressures. That could perpetuate domestic inflation and pin overall price growth above the ECB’s 2% target. But multi-year wage deals already struck by unions are bolstering expectations that pay increases are on a downward slope, moving from the 5-6% range closer to the 3% the ECB considers consistent with its inflation target. More