CryptoCurrencyNews, Author at Mega Stock Alert

Riot Announces February 2025 Production and Operations Updates

Written by CryptoCurrencyNews on March 5, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

Riot Produces 470 Bitcoin in February 2025

CASTLE ROCK, Colo., March 4, 2025 /PRNewswire/ — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, announces unaudited production and operations updates for February 2025.

Bitcoin Production and Operations Updates for February 2025

				*Comparison (%)*
Metric	February 2025 ¹	January 2024 ¹	February 2024	*Month/Month*	*Year/Year*
Bitcoin Produced	470	527	418	-11 %	12 %
Average Bitcoin Produced per Day	16.8	17.0	14.4	-1 %	16 %
Bitcoin Held ²	18,692	18,221	8,067	3 %	132 %
Bitcoin Sold	–	–	–	N/A	N/A
Bitcoin Sales – Net Proceeds	–	–	–	N/A	N/A
Average Net Price per Bitcoin Sold	N/A	N/A	N/A	N/A	N/A
Deployed Hash Rate – Rockdale ²	15.0 EH/s	15.0 EH/s	12.4 EH/s	0 %	21 %
Deployed Hash Rate – Corsicana ²	15.7 EH/s	15.7 EH/s	–	0 %	N/A
Deployed Hash Rate – Kentucky ²	2.9 EH/s	2.8 EH/s	N/A	3 %	N/A
Deployed Hash Rate – Total ²	33.6 EH/s	33.5 EH/s	12.4 EH/s	0 %	171 %
Avg. Operating Hash Rate – Rockdale ³	12.9 EH/s	12.7 EH/s	8.5 EH/s	2 %	52 %
Avg. Operating Hash Rate – Corsicana ³	13.9 EH/s	14.2 EH/s	–	-2 %	N/A
Avg. Operating Hash Rate – Kentucky ³	2.6 EH/s	2.4 EH/s	N/A	7 %	N/A
Avg. Operating Hash Rate – Total ³	29.4 EH/s	29.3 EH/s	8.5 EH/s	0 %	246 %
Power Credits ⁴	$2.1 million	$3.2 million	$0.7 million	-36 %	180 %
Demand Response Credits ⁵	$0.7 million	$1.0 million	$0.2 million	-25 %	249 %
Total Power Credits	$2.8 million	$4.2 million	$1.0 million	-33 %	196 %
All-in Power Cost – Rockdale ⁶	3.5c/kWh	3.4c/kWh	4.0c/kWh	4 %	-11 %
All-in Power Cost – Corsicana ⁶	3.7c/kWh	3.4c/kWh	N/A	8 %	N/A
All-in Power Cost – Kentucky ⁶	4.0c/kWh	3.9c/kWh	N/A	4 %	N/A
All-in Power Cost – Total ⁶	3.6c/kWh	3.4c/kWh	4.0c/kWh	7 %	-8 %
Fleet Efficiency ²	21.0 J/TH	21.1 J/TH	27.0 J/TH	-1 %	-22 %

Unaudited, estimated.
As of month-end.
Average over the month.
Estimated power curtailment credits.
Estimated credits received from participation in ERCOT and MISO demand response programs.
Estimated. Inclusive of all transmission and distribution charges, fees, adders, and taxes. Net of Total Power Credits.

“Riot mined 470 bitcoin in February, with total production impacted by planned maintenance, elevated curtailment driven by higher power prices as a result of colder weather, and a shortened month,” said Jason Les, CEO of Riot. “In spite of these factors which impacted total production, ongoing improvements in utilization and operational efficiencies across all our facilities meant that bitcoin produced per day declined only 1% in February, relative to the prior month.

“Our AI/HPC process remains our top priority, and we have been encouraged by the strong demand we see in the market. The Corsicana Facility represents a unique opportunity to access up to 1.0 gigawatt of power by 2026 in near proximity to the Tier 1 data center market of Dallas, Texas, and we will continue to aggressively pursue an outcome that best maximizes the value of Riot’s assets.”

Investor Events

Cantor Fitzgerald Global Technology Conference held in New York City, NY, March 11^th-12^th.
37^th Annual Roth Conference held in Dana Point, CA, March 17^th-18^th.

Human Resources Update

Riot is currently recruiting for positions across the Company. Join our team in building, expanding, and securing the Bitcoin network.

Open positions are available at: https://www.riotplatforms.com/careers.

About Riot Platforms, Inc.

Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.

Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical engineering and fabrication operations in Denver, Colorado, and Houston, Texas.

For more information, visit www.riotplatforms.com.

Safe Harbor

Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” similar expressions and their negatives are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements relating to the Company’s development at its Corsicana Facility and the Company’s plans, projections, objectives, expectations, and intentions about future events and trends that it believes may affect the Company’s financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation: risks related to the Company’s growth, the anticipated demand for AI/HPC uses, the feasibility of developing the Company’s power capacity for AI/HPC uses, competition in the markets in which the Company operates, market growth, the Company’s ability to innovate and expand into new markets, the Company’s ability to realize benefits from its implementation of new strategies into its business, estimates of Bitcoin production; our future hash rate growth (EH/s); the anticipated benefits, construction schedule, and costs associated with the development of our mining facilities in Texas, Kentucky and elsewhere; our expected schedule of new miner deliveries; our access to electrical power; the impact of weather events on our operations and results; our ability to successfully deploy new miners; the variance in our mining pool rewards may negatively impact our results of Bitcoin production; our megawatt capacity under development; risks related to the Company’s inability to realize the anticipated benefits from immersion cooling; the inability to integrate acquired businesses successfully, or such integration may take longer or be more difficult, time-consuming or costly to accomplish than anticipated; or the failure of the Company to otherwise realize anticipated efficiencies and strategic and financial benefits from our business strategies. Detailed information regarding the factors identified by the Company’s management which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release may be found in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as amended, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC’s website, www.sec.gov. All forward-looking statements included in this press release are made only as of the date of this press release, and the Company disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware, except as required by law. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.

Investor Contact:
Phil McPherson
303-794-2000 ext. 110
IR@Riot.Inc

Media Contact:
Alexis Brock
303-794-2000 ext. 118
PR@Riot.Inc

View original content to download multimedia:https://www.prnewswire.com/news-releases/riot-announces-february-2025-production-and-operations-updates-302390905.html

SOURCE Riot Platforms, Inc.

Featured Image: depositphotos @ nevarpp

Disclaimer

OKX to Celebrate European Expansion with Exclusive Event at Malta’s Fort Manoel

Written by CryptoCurrencyNews on March 4, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

Event to Feature Major Business Announcement and Celebrity Guests

VALLETTA, Malta, March 4, 2025 /PRNewswire/ — OKX, a leading onchain technology company, announced today that it will host an exclusive celebration at Fort Manoel on Manoel Island in Valletta, Malta, on Wednesday 12 March. The event will mark OKX’s milestone achievement as the first global crypto to secure a full MiCA license and the launch of its operations across the EU.

Bringing together influential policymakers, financial regulators, industry leaders, and high-profile guests from the worlds of sports and entertainment, the event will highlight OKX’s commitment to innovation, compliance, and seamless crypto experiences for European users. The evening will also feature a major business announcement, underscoring the company’s ambitious plans for the region.

OKX CMO Haider Rafique said: “Our upcoming Malta event celebrates our success in bringing a fully regulated and seamless experience to European customers. The MiCA license showcases our commitment to transparency, regulatory compliance, and the highest standards of operations, and it’s just the beginning of our story in the region. Stay tuned — there’s another big announcement to come in Malta very soon.”

Europe is a key growth region market for OKX, the MiCA license highlights the company’s global vision and dedication to compliance in all major jurisdictions worldwide. MiCA regulations bring enhanced protections for customers, including stronger safeguards around asset security, transparency, and dispute resolution. These protections complement OKX’s cutting-edge technology and commitment to transparency, which have helped the company to become one of the largest cryptocurrency exchanges by trading volume.

OKX Europe customers now have access to OKX’s fully-regulated crypto exchange products under the MiCA licensing framework, including OTC trading, spot trading, and bot trading, for 240+ cryptocurrency tokens across 300+ trading pairs, and 60+ Euro-based trading pairs. The OKX website and mobile app also features local language customization, local currency displays, and local-language customer support across markets.

Learn more at okx.com

ENDS

About OKX

OKX is a technology company with a mission to organize the world’s blockchains and make them more accessible and useful.

We want to create a future that makes our world more efficient, transparent and connected.

OKX began as a crypto exchange giving millions of people access to trading and over time became among the largest platforms in the world. In recent years, we have developed one of the most connected onchain wallets used by millions to access decentralized applications (dApps).

OKX is a brand trusted by hundreds of large institutions seeking access to crypto markets on a reliable platform that seamlessly connects with global banking and payments.

Our most well-known products include: The OKX Exchange, OKX Wallet, OKX Marketplace, OKX Explorer, OKX Chain and OS for developers, OKX Ventures and OKX Institutional Services. To learn more about OKX, download our app or visit: okx.com

Disclaimer

View original content to download multimedia:https://www.prnewswire.com/news-releases/okx-to-celebrate-european-expansion-with-exclusive-event-at-maltas-fort-manoel-302390523.html

SOURCE OKX

Featured Image: Unplash @ fabioha

Disclaimer

Valour Expands Digital Asset Offerings with the Launch of Valour Dogecoin, Valour Aptos, Valour Sui, and Valour Render ETPs on Börse Frankfurt in Germany

Written by CryptoCurrencyNews on March 3, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

TORONTO, March 3, 2025 /PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi“), is pleased to announce that its subsidiary Valour Inc. (“Valour“), a leading issuer of exchange traded products (“ETPs“) that provide simplified access to digital assets, has launched of four new digital asset ETPs on the Börse Frankfurt exchange: Valour Dogecoin (DOGE) EUR ETP, Valour Aptos (APT) EUR ETP, Valour Sui (SUI) EUR ETP, and Valour Render (RENDER) EUR ETP. These new products expand Valour’s commitment to offering investors seamless, secure, and cost-effective exposure to the most innovative digital assets in the market.

Introducing New ETPs for Emerging Digital Assets

Valour Dogecoin (DOGE) EUR ETP (ISIN: CH1108679791)

Dogecoin (DOGE) is one of the most recognized and actively used cryptocurrencies, originally introduced in 2013 as a parody but now serving as a widely adopted digital currency. With a market capitalization of approximately $30.64 billion, DOGE ranks as the 8th largest digital asset globally. It is known for its strong community, fast transaction speeds, and usability for microtransactions, tipping, and merchant payments. The Valour Dogecoin ETP allows investors to gain exposure to DOGE‘s performance without the complexities of direct cryptocurrency ownership, featuring a competitive management fee of 1.9%.

Valour Aptos (APT) EUR ETP (ISIN: CH1108679783)

Aptos (APT) is a next-generation Layer 1 blockchain designed for scalability, reliability, and security. Powered by its innovative Move programming language, Aptos enables fast transactions and a developer-friendly ecosystem. It is focused on advancing Web3 usability and adoption, providing infrastructure for NFTs, DeFi, and beyond. With a market capitalization of $6.19 billion, Aptos ranks 31st globally among digital assets. The Valour Aptos ETP grants investors seamless exposure to the Aptos blockchain ecosystem.

Valour Sui (SUI) EUR ETP (ISIN: CH1108679080)

Sui (SUI) is an innovative blockchain designed for high throughput and instant finality, making it ideal for applications such as gaming and finance. Sui utilizes an object-centric approach that allows for the independent validation of transactions, leveraging a Byzantine fault-tolerant proof-of-stake (PoS) consensus mechanism. With a market capitalization of $28.01 billion, Sui ranks 15th among digital assets worldwide. The Valour Sui ETP provides investors with access to this advanced blockchain, featuring a 1.9% management fee.

Valour Render (RENDER) EUR ETP (ISIN: CH1108679783)

Render (RENDER) is the native cryptocurrency of the Render Network, a decentralized GPU-based rendering platform that optimizes computational power for visual effects, gaming, and digital design. The Render Network enables cost-effective and scalable rendering solutions, fostering innovation across the creative industries. With a market capitalization of $2.26 billion, Render ranks 49th globally among digital assets. The Valour Render ETP offers investors exposure to the expanding world of decentralized computing and digital content creation.

Bringing Innovation to European Investors

With the introduction of these four new ETPs, Valour continues to expand its portfolio of digital asset investment products, offering European investors diversified and institutional-grade access to the cryptocurrency market. Valour’s ETPs provide a seamless entry point for investors looking to gain exposure to emerging blockchain technologies without the need for direct ownership or complex custody solutions.

“We are excited to bring Valour Dogecoin, Valour Aptos, Valour Sui, and Valour Render ETPs to the Börse Frankfurt exchange,” said Olivier Roussy Newton, CEO of Valour. “These new listings underscore our commitment to delivering innovative and accessible digital asset investment solutions to the European market. By offering secure and transparent exposure to some of the most promising protocols, we continue to drive the adoption of digital assets among institutional and retail investors alike.”

“After successfully launching 20 products in the Nordics in December, we are now enhancing our product range in Germany with the most sought-after underlying digital assets. Investor demand for diversified crypto exposure continues to rise, and Aptos, Sui, Render, and Dogecoin stand out as some of the most compelling assets in the market. This launch reinforces our commitment to providing institutional-grade access to the digital asset space, aligned with market trends and investor needs.” said Johanna Belitz, Head of Nordics

About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem. Follow DeFi Technologies on Linkedin and Twitter, and for more details, visit https://defi.tech/

About Valour
Valour Inc. and Valour Digital Securities Limited (together, “Valour“) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF). For more information about Valour, to subscribe, or to receive updates, visit valour.com.

Cautionary note regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the listing of ETPs; the development and prospects of the underlying digital assets; investor confidence in Valour’s ETPs; investor interest and confidence in digital assets; the regulatory environment with respect to the growth and adoption of decentralized finance and digital assets; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

View original content to download multimedia:https://www.prnewswire.com/news-releases/valour-expands-digital-asset-offerings-with-the-launch-of-valour-dogecoin-valour-aptos-valour-sui-and-valour-render-etps-on-borse-frankfurt-in-germany-302389561.html

SOURCE DeFi Technologies Inc.

Featured Image: depositphotos @ timbrk

Disclaimer

Master Traders Wanted: Bybit Launches Half-Million USDT Crypto Challenge

Written by CryptoCurrencyNews on March 2, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

DUBAI, UAE, March 1, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched an exclusive derivatives trading challenge featuring USDT—the leading USD-denominated stablecoin—with a substantial prize pool of 500,000 USDT.

Throughout March, advanced crypto traders participate in the Bybit USDT Derivatives Trading Challenge for a share of the half-million USDT prize pool. The tiered benefits are as accessible as USDT itself—participants will receive USDT bonuses proportional to their contribution to the event’s total trading volume, regardless of PnL% performance. This inclusive approach ensures both individual qualified traders and institutional participants can earn supplementary rewards beyond their potential trading gains.

From now to Mar. 31, participants may sign up for the event and start accumulating eligible trading volume in USDT derivatives products on Bybit. The more they trade, the larger their share of the prize pool.

“This Bybit-exclusive trading challenge demonstrates USDT’s instrumental role in powering sophisticated trading opportunities that were once limited to traditional finance. By fusing Bybit’s professional-grade trading infrastructure with USDT’s stability, we’re empowering traders to unleash their full potential and earn additional rewards while navigating the dynamic world of derivatives trading,” said Joan Han, Sales and Marketing Director at Bybit.

With a market cap exceeding $140 billion, USDT has held its throne as the most traded stablecoin since its launch in 2014. By maintaining a steady one-to-one peg with the US dollar, USDT is blockchain’s answer to the need for a stable, borderless medium of exchange. In the fast-moving derivatives markets, USDT offers a trusted anchor for agile trading strategies with the reliability of the US dollar. The central role of USDT in this trading challenge reflects both its dominance in the digital economy and its success in expanding access to sophisticated trading instruments like options and futures, particularly in regions underserved by traditional financial infrastructure.

Master Traders Wanted: Bybit Launches Half-Million USDT Crypto Challenge

Users may find more about the event, eligibility requirements and other terms and conditions: [USDT Festival] Derivatives Trading Challenge: Trade to Win a Share of 500,000 USDT

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Photo – https://megastockalert.com/wp-content/uploads/2025/03/Master_Traders_Wanted_Bybit_Launches_Half_Million_USDT_Crypto_Challenge.jpg
Logo – https://megastockalert.com/wp-content/uploads/2025/03/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/master-traders-wanted-bybit-launches-half-million-usdt-crypto-challenge-302388565.html

Featured Image: depositphotos @ EdZbarzhyvetsky

Disclaimer

MiL.k migrates to Arbitrum for the full-scale expansion of global web3 business

Written by CryptoCurrencyNews on March 1, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

– MiL.k decided to onboard on Arbitrum for accelerating its global business expansion
– Arbitrum is the leading Ethereum layer 2 solution for various dApps and Web3 projects
– Expected for the active collaboration with the Arbitrum ecosystem to strengthen partnerships with global blockchain projects primarily in Asia

SEOUL, South Korea, March 1, 2025 /PRNewswire/ — Milk Partners (CEO Jayden Jo), which operates the blockchain-based loyalty integration platform MiL.k, announced on the 27th that it plans to migrate to Arbitrum, the world’s largest Ethereum Layer 2, to expand its global Web3 ecosystem.

MiL.k made the decision to move their mainnet from the Luniverse chain to Arbitrum One Chain to secure infrastructure optimized for the Web3 business in the fast-changing market and strengthen partnerships in the global blockchain ecosystem.

MiL.k is a DApp that supports the integration and exchange of reward points from various service companies. By solving the difficulties arising from different database and policies for each company with blockchain technology, it has introduced a new standard of point utilization, revolutionizing the market. MiL.k has rapidly grown by establishing a loyalty ecosystem in collaboration with major domestic and international service companies such as AirAsia (global airline), Yanolja (No.1 online travel agency in Korea), OK Cashback (loyalty system of SK Group, the second largest group in Korea), Lotte L-Point (loyalty system of Lotte Group), CU (market No.1 convenience store in Korea), and Megabox (top multiplex in Korea).

Through the Arbitrum migration, MiL.k plans to solidify its global presence by actively pursuing diverse web 3 partnerships within the Arbitrum ecosystem and global service companies. Arbitrum is the representative Ethereum Layer 2 solution which offers the highest scalability to more than 1,000 projects, including 420 DeFi projects, 33 AI & Depin projects, and 63 gaming projects. By leveraging Arbitrum’s technological strengths and global influence, MiL.k will accelerate the global business development and market penetration through marketing collaborations with various projects.

Both parties are planning to actively expand global business together based on the 1.5 million DApp users of MiL.k and the technical expertise and network of the Arbitrum Foundation. In particular, to strengthen the presence in global markets primarily in Asia, both parties plan to initiate various Web3-based marketing and business.

Jayden Jo, CEO of Milk Partners, stated, “This migration is a strategic decision that will accelerate MiL.k’s global expansion, going beyond a mere transition of the mainnet. Through the collaboration with Arbitrum, the positioning of the MiL.k will be a leading global web3 project.”

Meanwhile, even after migrating to the Arbitrum, MiL.k will maintain and strengthen its close collaboration with ‘Lamda 256’ operating company of the Luniverse chain. Both companies have agreed to actively cooperate to enhance stable blockchain infrastructure and services.

The point integration platform, MiL.k is accelerating its blockchain ecosystem expansion with Arbitrum.

Photo – https://megastockalert.com/wp-content/uploads/2025/03/abitrumxmilk__1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/milk-migrates-to-arbitrum-for-the-full-scale-expansion-of-global-web3-business-302389176.html

Featured Image: depositphotos @ dimarik

Disclaimer

WUSD Now Accepted at Iconic Metro Department Store Through dtcpay Integration

Written by CryptoCurrencyNews on February 28, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

SINGAPORE, Feb. 27, 2025 /CNW/ — Worldwide Stablecoin Payment Network (WSPN) is pleased to announce that its flagship stablecoin, WUSD, is now accepted at Metro Department Store through dtcpay’s innovative payment solution. This development marks a significant milestone in bringing stablecoin technology to mainstream retail, as shoppers at one of Singapore’s most iconic department stores can now use WUSD for their everyday purchases.

The integration follows dtcpay’s recently announced partnership with Metro Department Store, which enables customers to pay with popular stablecoins including USDT, USDC, and WUSD. This expansion in WUSD acceptance demonstrates the growing utility of Stablecoin 2.0 in real-world retail environments, positioning WUSD among the select digital assets available for Metro shoppers from day one.

“We’re thrilled to see WUSD becoming available to the public at Metro Department Store through our partnership with dtcpay,” said Raymond Yuan, Founder & CEO of WSPN. “This represents exactly the kind of practical, everyday utility that Stablecoin 2.0 was designed to deliver. As more consumers experience the convenience and stability of using WUSD for retail purchases, we expect to see accelerated adoption across the broader market.”

Metro customers can now enjoy the benefits of using WUSD for their shopping needs, including the stability and security that comes with a digital asset pegged 1:1 to the US dollar. The integration allows shoppers to pay directly with WUSD at checkout, creating a seamless experience that makes digital assets more accessible and practical for everyday use.

This development builds upon the strategic partnership between WSPN and dtcpay announced in October 2024, which established WUSD as a key digital payment option within dtcpay’s expanding merchant network. The addition of Metro Department Store to this network represents a significant step forward in mainstream retail adoption of stablecoin technology, with WUSD being at the forefront of this innovation.

About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN’s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.

Learn more: www.wspn.io | X | LinkedIn

About dtcpay
dtcpay is a regulated Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) to conduct Digital Payment Token (DPT) services and other payment services under the Payment Services Act (PSA). As a leading provider of digital payment solutions, we pioneer the integration of stablecoin acceptance into traditional financial systems. With a vision to make global transactions seamless and sustainable, dtcpay empowers individuals and businesses to embrace the future of payments.

Learn more at dtcpay.com.

About Metro
Metro is one of Singapore’s most iconic & beloved department stores, offering a wide range of products across fashion, beauty, home essentials, and more. With a legacy of trust and quality, Metro continues to innovate to meet the evolving needs of its customers.

View original content to download multimedia:https://www.prnewswire.com/news-releases/wusd-now-accepted-at-iconic-metro-department-store-through-dtcpay-integration-302388172.html

SOURCE WSPN

Featured Image: depositphotos @ slabko sereda

Disclaimer

Bybit Confirms Security Integrity Amid Safe (Wallet) Incident – No Compromise in Infrastructure

Written by CryptoCurrencyNews on February 27, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

DUBAI, UAE, Feb. 26, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today issued an important update to the community on the ongoing forensic investigation into the recent security incident. Our preliminary findings reaffirm the integrity of Bybit’s infrastructure while providing crucial insights into the nature of the attack.

The forensic review into the targeted attack by the Lazarus Group concluded that the credentials of a Safe developer were compromised. This allowed the attacker to gain unauthorized access to the Safe(Wallet) infrastructure and totally deceive signers into approving a malicious transaction.

Bybit had engaged third-party forensic experts, including Verichains and Sygnia Labs, to conduct an independent review. Both forensic experts have found no indications of any compromise within Bybit’s infrastructure as confirmed in SAFE’s own statement relating to the compromise of its own environment.

Full report can be downloaded here: https://docsend.com/view/s/rmdi832mpt8u93s7

Bybit’s Immediate Response and Future Measures

Bybit had moved the majority of funds out of its Safe Wallet administered addresses on the day of the incident. Ensuring the safety and security of our users remains our top priority. We actively evaluate alternative wallet solutions for custody that meet the highest security standards.

Bybit is and remains 100% secure. Our preliminary forensics experts have concluded that our infrastructure was not compromised. We will continue to enhance our security measures and collaborate with top security experts to uphold our commitment to user safety.

Statement from Ben Zhou, Co-founder and CEO of Bybit:

“Bybit remains steadfast in our commitment to security and transparency. The preliminary forensic review finds that our system was not compromised. While this incident underscores the evolving threats in the crypto space, we are taking proactive steps to reinforce security and ensure the highest level of protection for our users.”

#Bybit / #TheCryptoArk

About Bybit

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Logo – https://megastockalert.com/wp-content/uploads/2024/03/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bybit-confirms-security-integrity-amid-safe-wallet-incident–no-compromise-in-infrastructure-302386304.html

Featured Image: depositphotos @ antalya

Disclaimer

Bybit Earn Pilots OpenAPI Integration into Flexible Savings

Written by CryptoCurrencyNews on February 26, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

DUBAI, UAE, Feb. 26, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is enhancing trading features and seamless experiences by introducing the OpenAPI functionality on Bybit Earn. Available now for Flexible Savings products on Bybit Earn, the upgrade will help users make better informed decisions faster, and offer an unobstructed view of their asset performance in their own preferred set-up.

The OpenAPI integration supports multiple trading and data point extraction scenarios, marking an advancement in automated asset management capabilities for users of Flexible Savings on Bybit Earn.

What it means:
Users now have the option to programmatically manage their Bybit Earn Flexible Savings positions through API endpoints, significantly improving efficiency for institutional clients and professional traders who manage multiple positions.

Feature Highlights:

Staking & Redemption: Users can now create staking and redemption orders more efficiently using the API.
The API integration supports both Unified Trading Accounts (UTA) and Funding Accounts, enabling users to personalize their asset management style. This means users can integrate Bybit Earn Flexible Savings directly into their automated trading strategies or portfolio management tools.
Information Queries: Users can easily query their orders, positions, and product details (such as the maximum staking limit and estimated APR) via the API.
This feature also allows for real-time data retrieval, enabling users to make informed decisions quickly. For example, a user can programmatically check the current APR of a Flexible Savings product and adjust their staking strategy accordingly.

Bybit Earn Pilots OpenAPI Integration into Flexible Savings

“This integration is another step forward in our mission to provide institutional-grade trading and earning capabilities for high-calibre users,” said Joan Han, Sales and Marketing Director at Bybit. “By extending API functionality to our Flexible Savings product, we continue to meet the users’ increasing demands for more powerful tool to optimize their yield strategies.”

Availability and Documentation
The initial release starts with the Flexible Savings product suite, with potential expansion to other Earn products planned for future updates. The integration is supported by detailed API documentation and technical resources to ensure smooth implementation for users, available through Bybit’s official API documentation portal. Users may find out more at: https://bybit-exchange.github.io/docs/v5/earn/product-info

#Bybit / #TheCryptoArk

About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Photo – https://megastockalert.com/wp-content/uploads/2025/02/Bybit_Earn_Pilots_OpenAPI_Integration_Flexible_Savings.jpg
Logo – https://megastockalert.com/wp-content/uploads/2024/03/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bybit-earn-pilots-openapi-integration-into-flexible-savings-302385911.html

Featured Image: depositphotos @ kongvector

Disclaimer

ALL INDIVIDUALS WHO PURCHASED OR ACQUIRED IMPACT THEORY FOUNDER’S KEYS BETWEEN OCTOBER 13, 2021, AND DECEMBER 6, 2021

Written by CryptoCurrencyNews on February 25, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

COSTA MESA, Calif., Feb. 24, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., Fund Administrator for the United States Securities and Exchange Commission, regarding the Impact Theory Fair Fund and Plan of Distribution.

NOTICE OF FAIR FUND DISTRIBUTION PLAN
In the Matter of Impact Theory, Inc.
Administrative Proceeding File No. 3-21585

For more information, visit www.ImpactTheoryFairFund.com

The United States Securities and Exchange Commission (“SEC”) has settled administrative proceedings (the “Order”) against Impact Theory (the “Respondent”). In the Order, the SEC found that from October 13, 2021, to December 6, 2021, Impact Theory violated Sections 5(a) and 5(c) of the Securities Act by offering and selling crypto asset securities known as Founder’s Keys without having a registered statement filed or in effect with the SEC or qualifying for an exemption from registration.

The SEC ordered the Respondent to pay $5,120,718.27 in disgorgement, $483,195.90 in prejudgment interest, and a $500,000.00 civil money penalty, for a total of $6,103,914.17, to the SEC. The SEC also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty collected, along with the disgorgement and interest collected, could be distributed to harmed investors (the “Fair Fund”).

The Fair Fund will be paid out according to the Plan of Distribution (“Plan”).

A summary of the eligibility criteria and claims process is below. Full details are available at www.ImpactTheoryFairFund.com. You may also request a copy of the Plan from the Fund Administrator via email at info@ImpactTheoryFairFund.com or by calling 833-285-3401.

Who is eligible to receive a payment from the Fair Fund? To receive a payment, you must have:

purchased or acquired Founder’s Keys between October 13, 2021, and December 6, 2021;
submitted a timely Claim Form;
suffered a Recognized Loss as calculated under the Plan; and
not been an Excluded Party under the Plan.

How do I submit a Claim? The easiest way to submit a claim is online at the Impact Theory Fair Fund website: www.ImpactTheoryFairFund.com. Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time on August 15, 2025.

If you are unable to submit a Claim Form online and/or you have lost relevant credentials associated with wallets and/or exchanges required as part of an online claim, you may request a copy of the paper Claim Form from the Fund Administrator via email at info@ImpactTheoryFairFund.com or by calling 833-285-3401. You may also download a copy of the Claim Form to print at: www.ImpactTheoryFairFund.com. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, then received) by August 15, 2025.

The Fund Administrator will send a Determination Notice advising each claimant who timely submitted a Claim Form of their eligibility determination and will provide a calculation of Recognized Loss to those determined to be Eligible Claimants. The Fund Administrator may consider disputes of an Eligible Claimant’s Recognized Loss calculation if timely submitted in accordance with the Plan.

This notice is a summary. For more information, visit
www.ImpactTheoryFairFund.com

View original content:https://www.prnewswire.com/news-releases/all-individuals-who-purchased-or-acquired-impact-theory-founders-keys-between-october-13-2021-and-december-6-2021-302382047.html

SOURCE Simpluris Inc.

Featured Image: depositphotos @ monsit

Disclaimer

Bybit Defies Odds: How the Largest Crypto Hack in History Became a Test of Resilience and Transparency

Written by CryptoCurrencyNews on February 24, 2025. Posted in Cryptocurrency. Leave a Comment

This post was originally published on this site

DUBAI, UAE, Feb. 23, 2025 /PRNewswire/ — In a remarkable display of resilience and professionalism, Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has successfully navigated the largest hack in crypto history. On February 21, 2025, hackers stole approximately $1.5 billion in digital assets from Bybit’s Ethereum wallet, marking the biggest cryptocurrency heist ever recorded. Despite this unprecedented breach, Bybit’s swift and transparent crisis management ensured that the crypto market remained stable, with no significant price volatility.

Swift Crisis Management

Bybit’s response to the hack was marked by swift action, transparency, and professionalism. Ben took immediate ownership of the situation, addressing the community within 30 minutes via X and conducting a livestream session just one hour after the incident. This live session, which lasted over two hours, provided real-time updates and detailed explanations, ensuring that all stakeholders were informed and reassured. Bybit’s prompt and open communication effectively prevented panic and maintained trust in the exchange, setting a high standard for crisis management in the crypto industry

Throughout the crisis, Bybit’s withdrawal and product services remained uninterrupted, with clients able to access support and their respective relationship managers at all times. This seamless continuity was a testament to the team’s preparedness and efficiency, even under extreme pressure.

Industry Unity in Support of Bybit

The crypto industry rallied around Bybit, demonstrating a united front against security threats. Major exchanges blacklisted the hacker’s wallets, preventing further movement of stolen funds. This unprecedented show of unity underscores the growing maturity of the crypto sector, where competitors become allies in times of need.

Client Fund Protection

Despite the significant scale of the hack, Bybit’s 1:1 reserve guarantee ensured that client assets remained fully intact. Bybit CEO Ben Zhou reassured users that Bybit is solvent and can cover the loss, emphasizing that all client assets are backed on a one-to-one basis. This guarantee demonstrates Bybit’s financial stability and commitment to user security.

Regulatory and Law Enforcement Collaboration

Bybit worked closely with regulators and law enforcement agencies to address the hack. This collaboration not only facilitated a swift response but also set a precedent for future cooperation between the crypto industry and regulatory bodies. As the incident unfolds, further developments are expected from this front, potentially leading to enhanced security measures and regulatory frameworks.

Rapid Recovery

Bybit demonstrated remarkable resilience in the face of the crisis, processing over 350,000 withdrawal requests efficiently within 12 hours of the hack. Despite the surge in withdrawal requests, the exchange ensured that all transactions were completed without significant delays, showcasing the team’s professionalism and experience in managing critical incidents. Bybit’s operations quickly returned to normal, with client activity rebounding to pre-hack levels within 24 hours. This swift recovery underscores the trust that clients and investors have in Bybit’s crisis management capabilities, highlighting the exchange’s ability to maintain stability even in the most challenging circumstances

Bybit’s handling of the recent hack sets a new industry standard for crisis management. The exchange’s ability to turn a potentially disastrous event into a demonstration of resilience and transparency is a testament to its long-standing culture of responsibility and openness. This incident highlights not just Bybit’s operational excellence but also the growing maturity and unity of the crypto industry as a whole.

#Bybit / #TheCryptoArk

About Bybit

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media