Aurelia Butler

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    in Cryptocurrency

    Decoding Bitcoin’s Future: Bybit Insights on Halving, ETFs, and Macro Shifts

    In a riveting panel discussion hosted by Bybit, one of the world’s top three crypto exchanges by volume, key figures from the crypto industry gathered to discuss crypto and global finance. The panel, which included Bybit’s Hao Yang, OKX’s Lennix Lai, and Willis Croft of Wintermute, explored the impact of Bitcoin halving, the influence of institutional investments, and the significance of macroeconomics.The Impact of Bitcoin HalvingHistorically, Bitcoin halvings have spurred significant price surges. However, this influence is showing signs of decline. “I think the magnitude of the halving being a catalyst for upward price movements is lessening,” said Hao Yang of Bybit. “The total amount of circulating bitcoin will arrive at 21 million via a non-linear curve. That means the impact from halvings altering the supply side will be less as the total circulating amount of bitcoin increases.”Institutional Entry through ETFsThe introduction of Bitcoin ETFs marks a pivotal shift, heralding an era of institutional participation. Lennix Lai of OKX highlighted the transformative role of ETFs: “Post ETF, we opened the floodgates for demand, especially the institutional money,” emphasizing the ETF’s role in mainstreaming Bitcoin investments among traditional financial players.Macroeconomic Influences and Market MaturationAll panelists concurred that macroeconomic factors now exert a more pronounced influence on Bitcoin than halving events. Willis Croft noted the broader economic integration, “The market is changing. I always thought that the last link for a real mature crypto ecosystem is to bond with the real world economy… And once we started tokenizing other stuff on chain, we will see a huge efficiency improvement to the old system.”Vision for the FutureThe participants agreed that more traditional financial entities are engaging with crypto. Lennix Lai observed, “We’re seeing very traditional, legacy business in the securities market or commodity trading… directly trading or interacting with crypto — that’s unique.” Watch the livestream here.#Bybit / #TheCryptoArk//ENDSAbout BybitBybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers 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, please visit Bybit Press. For media inquiries, please contact: [email protected] more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactNathan [email protected] article was originally published on Chainwire More

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    in Cryptocurrency

    WEEX Exchange Unveils WXT Token to Enhance Ecosystem and Reward Community Engagement

    As a leading force in the cryptocurrency market, WEEX Exchange is poised to significantly elevate its ecosystem with the introduction of its exclusive proprietary token, the WEEX Token (WXT), scheduled for release this upcoming summer.What is WEEX: IntroductionSince its establishment in 2018, WEEX has rapidly emerged as a leading force in the cryptocurrency exchange domain, offering robust, intuitive, and comprehensive trading solutions. Boasting over 2 million users worldwide, WEEX provides an extensive array of trading options, including spot and futures trading, along with innovative features such as copy trading. This positions WEEX as an all-in-one platform, enabling seamless transactions across a wide variety of digital assets.Introducing WEEX Token WXT: The Token at the Heart of WEEXIn its continuous effort to enhance platform utility and user engagement, WEEX has introduced WXT, the token of the WEEX ecosystem, operating under the ERC-20 standard on the Ethereum blockchain. WEEX Token (WXT) is designed as the cornerstone of the WEEX ecosystem, serving as a dynamic incentive mechanism to reward the partners, contributors, pioneers, and active members of the WEEX exchange community. WXT is not merely a token, but a foundational element designed to enrich the community engagement and reward system within the WEEX exchange.Dynamic Incentive MechanismWEEX WXT stands as a dynamic incentive, acknowledging and rewarding the contributions and active participation of the WEEX community members. This innovative approach is set to transform interactions within the platform, ensuring that contributions and engagement are duly recognized and rewarded.WXT’s Technological Assurance: Audit and SecurityThe security and integrity of WXT hold paramount importance. A comprehensive audit by BEOSIN, a leading Web3.0 smart contract audit firm, has affirmed the WXT smart contract’s robustness, network security, and risk management protocols, guaranteeing its safety and scalability for broader adoption.Exclusive Benefits for WXT HoldersHolding WXT opens the door to a plethora of exclusive benefits designed to enrich the trading experience on WEEX：WEEX WXT has a total supply of 10 billion, with an initial circulation of 3.9 billion. The distribution and release schedule for WXT are as follows:Investor Protection Fund: 1.5 billion WEEX WXT (15%) are reserved to compensate users for losses not caused by their own fault, ensuring secure and worry-free trading.WXT Ecosystem Fund: 1.5 billion WEEX WXT (15%) dedicated to supporting project incubation, aiding the growth of startups, and promoting Web3 technological innovation.Private Sale: 500 million WEEX WXT (5%), locked for one year with a linear monthly release post-lockup, to reward WEEX exchange partners for their growth and shared success with the platform.Holding Incentives: 1.5 billion WEEX WXT (15%), releasing 3% annually over five years, to reward investors for holding WXT, staking, and mining, recognizing their contributions to the WXT ecosystem and network.The remaining 5 billion WEEX WXT (50%) support the ongoing development of the WEEX exchange ecosystem, including:Team Incentives: 2 billion WEEX WXT (20%), locked for one year, with 2% released every six months over five years, to attract and retain top talent in the Web3 industry and motivate the team to achieve WEEX’s key objectives and long-term strategic goals.User Acquisition and Retention: 1.5 billion WEEX WXT (15%), releasing 3% annually over five years, to ensure user growth and achieve key milestones in market expansion.Brand Building/KOL Partnerships: 1.5 billion WEEX WXT (15%), releasing 3% annually over five years, for brand development alliances and partnerships with top KOLs in the Web3 industry, enhancing the visibility and transparency of WEEX and WXT.Exclusive Holder BenefitsTo achieve ecosystem incentives and share development benefits with the community, WXT has been crafted as a utility token with a wide range of planned uses and empowerment mechanisms:- Launchpad: Holding WXT grants access to exclusive airdrops from projects considered promising by the WEEX WXT team.- Exclusive Holder Benefits: These include discounts on trading fees on the WEEX platform, higher commission rebates, VIP privileges for holding certain amounts of WXT, greater profit-sharing ratios for lead traders, earning interest on held WEEX WXT, exclusive airdrops from marquee projects, and voting rights in coin listings.- Deflationary Mechanism: WEEX Exchange will opportunistically initiate a WXT buyback and destruction program.The WXT presale is available exclusively to affiliates of WEEX, and will include a limited-time discount for participating members. [Users can apply to become a WEEX Affiliate here]Other users can earn WXT through new user registrations, transaction mining, and participation in many of the upcoming WEEX events and activities.WEEX is integrating WXT to introduce new features to crypto trading, aiming to provide a token that facilitates trade and rewards participation and loyalty within the platform.For more information and regular updates on WXT and other offerings, traders and crypto enthusiasts are encouraged to visit the official WEEX website. As the launch date approaches, the crypto community anticipates how WXT will shape the future of trading on WEEX.About WEEXWEEX stands out as a trailblazing cryptocurrency exchange, founded in 2018, and is celebrated for its security-focused approach and user-friendly trading platform. Licensed by both the US and Canadian MSBs, WEEX operates within strict regulatory frameworks, presenting traders with an extensive array of coins and trading pairs. This includes Spot 116 and Futures Pro 176, with more than 5 new pairs being listed daily. As a security-focused and user-friendly cryptocurrency futures trading platform, WEEX is devoted to enhancing the trading journey, offering a range of services designed to suit traders at all levels. Among these services are low-fee futures trading, zero-fee spot trading, and the option to use up to 200X leverage on derivatives. The platform’s steadfast commitment to user safety and its position as a versatile choice for traders globally in the ever-evolving cryptocurrency market solidify its reputation as a leading exchange.Users can sign up for a WEEX account here: https://www.weex.com/register Users can visit WEEX Official Website: https://www.weex.com/ Media Email: [email protected] WEEX Customer Support: [email protected] Trading Quant & MM: [email protected] [email protected] article was originally published on Chainwire More

  • 138 Shares199 Views

    in Cryptocurrency

    BTCC Exchange Reimagines Renaissance Art with Bitcoin at Paris Blockchain Week

    BTCC Exchange, a leading global cryptocurrency exchange, surprised visitors with its Renaissance-themed booth at Paris Blockchain Week. The event, which took place in the famous Carrousel du Louvre from April 9 to 11, attracted over 9,000 attendees from around the world, reaffirming its position as a pivotal annual summit in the blockchain industry.As one of the main sponsors of the event, BTCC Exchange hosted a booth that captivated visitors with its vibrant Mona Lisa backdrop and quirky reimagining of famous Renaissance paintings. Visitors were also treated to souvenirs that blended classical art with Bitcoin, showcasing a dynamic fusion of historical and modern elements akin to meme culture.About BTCCFounded in 2011, BTCC is one of the longest continuously operating cryptocurrency exchanges in the world, boasting an impressive zero security incidents record since its inception. The platform caters to both beginners and experienced traders, offering features like copy trading and up to 225x leverage for perpetual futures.Website: https://www.btcc.comTwitter: https://twitter.com/BTCCexchangeContactKelfin [email protected] article was originally published on Chainwire More

  • 163 Shares159 Views

    in Economy

    Mediterranean ports warn of overflowing storage yards in latest threat to supply chain

    Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Container ports around the western Mediterranean are nearing full capacity, raising the risk of higher inventory costs and component shortages for Europe’s retailers and manufacturers in the latest challenge to the region’s supply chains.Port executives said they were dealing with overflowing storage yards and waits for vessels to berth following Houthi attacks on ships in the Red Sea, which has led to a surge in traffic at Algeciras and Barcelona in Spain and Tangier-Med in Morocco.Denmark’s Maersk recently warned customers that “yard density” at the Port of Barcelona had increased due to high capacity as the port handled far higher than normal trans-shipment movements. Maersk added that terminals in Algeciras and Tangier were also suffering.Alonso Luque, chief executive of TTI Algeciras, one of two container terminals in Algeciras, said his facility was “quite full” and had avoided severe congestion only by restricting the amount of business it took on.“Capacity is very limited,” he said.Most large container shipping lines operating on the Asia-Europe route redirected traffic via the Cape of Good Hope, instead of the Suez Canal, following attacks by Iranian-backed Houthis.The re-routings have forced shipping lines to devise new arrangements for goods going between Asia and ports in Italy, Greece and Turkey. After coming around South Africa, many vessels are dropping off containers at ports on the western side of the Mediterranean such as Algeciras and Tangier. From there, short-distance “feeder” services ferry goods to other southern European terminals.The disruption has arisen as critical ports have struggled to cope with the resulting sharp increases in “trans-shipment” traffic. Daniel Richards, a director at London-based maritime consultancy MSI, said delays at the ports could force some companies to hold extra stock.“[One element] would be if you have inventory costs rising because of this,” Richards said, adding that there was also a risk to the supply of components for manufacturers.The issues arise as terminals for handling finished cars are also suffering severe congestion, largely because of a surge in the number of vehicles being exported from Asia to Europe and North America and a slowdown in vehicle sales.While Algeciras and Tangier-Med have published no traffic statistics this year, Barcelona recorded a 17 per cent rise in containers handled in February compared with the same month last year.Many terminal operators expect that problems will continue for as long as services are being rerouted. Nabil Boumezzough, president of the management board of Tangier Alliance, operator of the TC3 container terminal in Morocco, said the terminal had this year been operating consistently with its yard nearly full to capacity.“This is challenging your efficiency and challenging your productivity and challenging how you manage your port,” Boumezzough said.APM Terminals, the terminal-operating arm of AP Møller-Maersk, said it had been experiencing “short-term pressure” on its facilities in Barcelona, Algeciras and Tangier, although it was now seeing “significant improvements”.However, vessel-tracking services show that vessels are regularly waiting at anchor offshore at both Algeciras and Tangier before berthing. Such waits are often a sign ports are growing congested.Luque said shipping lines had been forced by the shortage of capacity at Algeciras and Tangier, which sit on opposite sides of the Gibraltar Strait, to go to less convenient ports farther away.He said lines were using facilities as far away as Malta and Italy’s Gioia Tauro. More