Aurelia Butler

Under this new sponsorship, Polkadot’s logo will be featured on all of IMCF’s first team training gear, debuting ahead of the club’s away match against Chicago Fire FC on August 31. Players and technical staff will don Polkadot-branded training shirts during official sessions at Miami’s Florida Blue Training Centre, on the road, and during pre-match warm-ups.As a main partner, Polkadot will engage with Inter Miami’s fans through interactive fan zones and digital campaigns. The company will also enjoy branding opportunities at the training center and throughout the Chase Stadium, with signage on the inside and outside, as well as LED displays and other stadium visuals.Chrissy Hill, CLO & interim COO of Parity Technologies, Polkadot’s leading technical contributor, said: “We’re thrilled the innovative Polkadot community is continuing its strong commitment to the future of entertainment with its sponsorship of Inter Miami. Knowing this team of global soccer superstars will soon wear the brand we love and support on their jerseys is beyond exciting.”Euan Warren, Inter Miami Vice President of Partnerships, added: “Partnering with Polkadot as our Global Training Partner is a natural fit for Inter Miami. Our shared vision for innovation makes this a collaboration that will resonate with our fans worldwide.”According to its recent treasury report, Polkadot allocated $87 million worth of DOT to various initiatives in the first six months of 2024. Marketing and outreach activities took the largest share of spending, with over $36 million allocated to advertisements, events, meetups, conference hosting, and other initiatives. Doubling the pace of the previous six months, these expenses were justified to attract new users, developers, and businesses to the Polkadot ecosystem.After wrapping up Polkadot 1.0 in July 2023, the blockchain community is now preparing for Polkadot 2.0, which is supported by advanced technologies like Async Backing, Elastic Scaling, and Agile Coretime.  More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with Block Scholes, is pleased to release its latest Crypto Derivatives Analytics Report. This in-depth analysis provides a view of the crypto market, focusing on recent macroeconomic events and trading signals from futures, options, and perpetual contracts.Critical Insights from the Report:#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 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, 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 MediaContactHead of PRTony [email protected] article was originally published on Chainwire More

Seemingly unfazed by its inefficiencies, the payments industry has grown into one of the largest in the world, currently estimated to be producing $2.83 trillion in revenues as of 2024.The report highlighted the advantages of using cash for in-person transactions, noting the “unique freedom of money” it provides, a feature modern digital payment systems fail to offer.”Without blockchain technology, there is no means of having self-custody of digital money,” Binance Research said in the report published today, highlighting the limitations of current digital payment methods.The cryptocurrency exchange’s analysts claim that today’s global payment system relies on a “lengthy chain of rent-taking banks and other intermediaries,” creating inefficiencies and high costs.Introduced in 2009 by the pseudonymous Satoshi Nakamoto, Bitcoin was designed as a form of peer-to-peer electronic cash to offer the same freedom as cash transactions for digital payments.Bitcoin’s decentralized approach allows direct transactions between individuals without financial intermediaries such as banks, promoting “financial freedom, transparency, and reduced transaction costs.”The analysis comes at a time when the crypto industry has seen big developments, including the rise of stablecoins and advancements in blockchain technology speeding up transactions and cutting costs.Binance noted that “various Layer 1 and Layer 2 solutions have effectively reduced bottlenecks that previously impeded the adoption of distributed ledgers for mass payment transactions.”Despite these advances, Binance believes that the global payments industry still operates on outdated infrastructure. “The payments industry still largely runs on outdated, 50-year-old bank-tethered infrastructure,” the report stated.Although fintech firms like Stripe, Mastercard (NYSE:MA), and Visa (NYSE:V) have improved the user experience, the cost of involving multiple intermediaries remains.Binance argues that blockchain technology offers “a new set of globally-enabled infrastructure rails for payments,” potentially reducing the costs and speeding up cross-border transactions. It cited Visa’s pilot projects, which use public blockchains to settle global payments, and products like Binance Pay, which enable peer-to-peer and cross-border transfers with lower fees.However, Binance acknowledged that the “massive” size of the payments industry means that the adoption of blockchain technology is likely to be gradual.”This gives the blockchain industry itself the necessary time to grow out of its adolescence,” stressing the need to deal with challenges like scalability, better user experience, and unclear regulations. More