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aelf and Gaia Join Forces to Host Hello [AI], Celebrating the Convergence of AI and Blockchain

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Kick Off TOKEN2049 week with aelf’s high-energy AI-themed event, joined by leading AI and Web3 projects including Gaia, NEAR, Schelling AI, Sapien, and more.

SINGAPORE, Sept. 6, 2024 /PRNewswire/ — aelf, a leading AI-enhanced Layer 1 blockchain network, is hosting Hello [AI], a dynamic event to kick off TOKEN2049 week in Singapore. Taking place on 16 September 2024 at SKAI Loft, Singapore, this celebration marks aelf’s bold pivot towards integrating artificial intelligence with blockchain technology to unlock new frontiers in efficiency, scalability, intelligence, and security.

Co-hosted by Gaia and featuring partners including Asia Blockchain Gaming Alliance (ABGA), NEAR, Plug and Play, Sapien, and Schelling AI, Hello [AI] will set the stage for a dynamic week of innovation and collaboration. The event is also supported by Google Cloud and Microsoft.

Brian Liang, COO of aelf, shares, "Partnering with these leading names in AI and blockchain, Hello [AI] embodies aelf’s vision of creating a vibrant, AI-enhanced blockchain ecosystem." He adds, "Our AI-themed event also serves as a launchpad for deeper collaboration and innovation within the different Web3 communities, with TOKEN2049 offering the perfect backdrop to showcase our commitment to shaping the future of blockchain with AI at its core."

More than just a celebration—Hello [AI] also serves as a platform for thought leadership and networking, underscoring aelf’s commitment to shaping the future of AI-blockchain technology. The event will feature a panel discussion titled "The Next Frontier — AI-Powered Blockchain Application" and a fireside chat exploring the question, "Can AI Become Truly Decentralised?" These sessions will bring together founders, industry leaders, and seasoned developers to discuss the transformative potential of AI in the blockchain space.

"At Gaia, we see the convergence of AI and blockchain as a pivotal moment for innovation. Partnering with aelf for Hello [AI] allows us to showcase how decentralised AI can empower knowledge holders and developers to build a secure, evolving ecosystem. This collaboration not only highlights our shared vision for the future of Web3 but also underscores Gaia’s commitment to breaking down barriers and redefining what’s possible in the AI and blockchain space," shared Brennen Schlueter, CMO of Gaia.

As aelf continues to lead the charge in integrating advanced AI technologies into the blockchain ecosystem, Hello [AI] sets the stage for its ongoing mission to redefine the boundaries of both technologies. This event opens new opportunities for growth and transformation within the blockchain community, enabling participants to engage with thought leaders, network with industry peers, and collectively explore the future of Web3.

Stay updated on aelf’s news and engage with the aelf community on:

Website: https://aelf.com 
Telegram: https://t.me/aelfblockchain
Discord: https://discord.gg/aelfblockchain 

About aelf

aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration and modular Layer 2 ZK Rollup technology, ensuring an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and remains dedicated to advancing Web3 and AI technology adoption.

For more information about aelf, please refer to our Whitepaper V2.0: https://docs.aelf.com/resources/whitepaper-2/ 

About Gaia

Gaia is a pioneering decentralized AI platform dedicated to transforming knowledge into a dynamic, secure, and collaborative ecosystem. By bridging the gap between centralized AI solutions and open-source models, Gaia offers a unique network of living knowledge organisms that adapt and grow continuously. Our platform empowers knowledge holders to protect and monetize their intellectual property while enabling developers to build innovative, smarter applications on top of a secure, evolving foundation. With a commitment to privacy, adaptability, and collaboration, Gaia is redefining the future of AI, making knowledge a vibrant, protected, and accessible resource for all.

Disclaimer: The information provided in this press announcement is for general informational purposes only and does not constitute legal, financial, or investment advice. aelf makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, or reliability of the information provided in this press announcement. Any reliance you place on such information is strictly at your own risk. Blockchain technology and cryptocurrency involve inherent risks, including but not limited to market volatility, regulatory changes, and potential security vulnerabilities. By accessing and using the information provided in this press announcement, you agree to indemnify and hold aelf, its officers, directors, employees, and agents harmless from and against any and all claims, liabilities, damages, losses, or expenses arising out of or in connection with your use of the information in this press announcement. aelf reserves all rights not expressly granted in this press announcement.

Source : aelf and Gaia Join Forces to Host Hello [AI], Celebrating the Convergence of AI and Blockchain

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Morphy Richards ductless portable AC is awarded "Best of IFA 2024" and "Best of ShowStoppers at IFA 2024

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BERLIN, Sept. 6, 2024 /PRNewswire/ — Morphy Richards, a leading innovator and trusted name in home appliances, today presented at IFA and held a launch event. At the world’s largest consumer electronics show, Morphy Richards ductless portable AC was awarded two prizes – "Best of IFA 2024" by online magazine Yanko Design and "Best of ShowStoppers at IFA 2024" by the Gadgety Awards.


Morphy Richards’ ductless portable air conditioner made its debut at IFA 2024 and received the awards.

Morphy Richards ductless portable AC, the world’s 1st energy-efficient A-Class portable air conditioner, was unveiled and open to the public for the first time. Designed to provide truly ductless, genuine cooling, this innovative unit offers impressive cold air even at a two-meter distance, redefining comfort. The portable air conditioner features a dual-layer swinging design that enables 50-degree horizontal and vertical oscillation, ensuring a wider cooling area. Its unique bullet-head appearance delivers cool air with the same strength and speed as a bullet, providing users with an unparalleled cooling experience.

At the previous Olympics in Paris, Morphy Richards ductless portable ACs were offered to the Olympic Village. 

The athletes were pleased with the cooling The keenly anticipated Personal Air Butler air treatment is a 4-in-1 conceptual product featuring heating and enhanced dehumidification capabilities. An all-season solution, it has been designed to address users’ needs throughout the year, offering comfort in every corner of the world and in every climate condition. Its initiative has its roots in our mission and will be developed in line with it, as from home to life, Morphy Richards aims to enrich people’s lives with more joy by blending human-centric insights with smart design.

Following 88 years of successful operation, Morphy Richards is embarking on a new journey with a fresh positioning as "The Ingenious Integrator." The brand maintains its heritage of classic designs while pursuing innovation. The objective is to create magic moments for our users by delivering heartwarming and delightful product experiences on a global scale, expanding its reach beyond the UK. Morphy Richards is a brand that redefines home comfort with its revolutionary products, and is also a leading standard-maker in the field of small home appliances. Morphy Richards will be exhibiting at IFA 2024 from 6 to 10 September at Booth H8.1-109. The company will be showcasing its full range of products, including its latest flagship offerings.

For more information,please visit:www.morphyrichards.com

PR contact: Aimee Gong
Email: [email protected] / [email protected]

 

Source : Morphy Richards ductless portable AC is awarded "Best of IFA 2024" and "Best of ShowStoppers at IFA 2024

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Yiwugo: Pearls and Silver Jewelry Take the Global Accessories Market by Storm

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YIWU, China, Sept. 6, 2024 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. As a long-standing popular export category from Yiwu to overseas markets, accessories have performed exceptionally well this year. According to Yiwugo’s big data analysis, keywords like "bracelets" have topped the platform’s hot search terms over the past two months, with silver jewelry and pearl accessories garnering the most attention.


The jewellery on yiwugo.com.

Ms. Xu Yuanyuan, who has been in the silver jewelry export business for over ten years, has seen great success both online and offline internationally. Her company’s design team is highly creative, frequently launching bestsellers. In response to domestic demand, Xu opened a new store in March this year, named Apotie Jewelry, specializing in original pure silver pieces.

Back in 2021, the company designed a Heart Gesture Ring, showcasing their unique ability to merge fashion and sentiment in jewelry design. Within just one month of its launch, a single store sold over 10,000 pieces. The design was so popular that it sparked imitations in various materials, and to this day, the ring maintains high sales figures.

Xu explains that the chief design team plans its new product development for the entire year at the beginning of each year. Each month, they release about 100 to 200 new designs. Apotie Jewelry entered its product planning phase since December 2023 and by the time it opened in March 2024, there were over 1,000 pieces on display and has since maintained a monthly release of over 100 new items. Within just over three months of operation, the sales exceeded 500,000 yuan, with a high customer acquisition rate driven by the Yiwugo platform. The repeat purchase rate surpassed 47%, quickly propelling the company to success.

Ms. Wu Yunfang, who has been in the pearl jewelry industry for 14 years, runs the Fang’s Jewelry, which has been a gold member of Yiwugo for 12 years. In recent years, Wu has noticed a sharp rise in the popularity of pearl jewelry in both domestic and international markets. Not only do middle-aged women love pearls, but younger women have also started embracing pearl accessories.

Pearls, as a natural form of jewelry, often require manual assembly, including stringing and knotting. Foreign buyers frequently comment, "When we see handmade pearl jewelry, we think of Fang’s craftsmanship." With over a decade of experience in training artisans, Fang’s Jewelry is known for its intricate yet soft craftsmanship, providing both elegance and comfort for customers. This attention to detail is one of the reasons for their high customer retention.

Fang’s Jewelry has a stable supply base for shell pearls, ensuring consistent quality and high luster. Wu’s years of industry experience have honed her excellent color-matching skills, particularly with uniquely shaped nucleated pearls, often leading to striking designs.

There was once a European client who struggled to find a necklace to match his desired look because of the asymmetrical shape of the nucleated pearls he wanted — one end sharp and the other round. After visiting multiple shops without success, he found Wu, who quickly crafted a sample necklace, which led to an immediate order and a lasting partnership.

European customers are known to favor sophisticated shades of gray, and in 2018, amid a market dominated by black and white pearls, Wu captured the hearts of many foreign buyers by introducing pearls in varying shades of gray. It’s common for individual customers to purchase over 200,000 pieces of a single design in a month.

While European markets have traditionally favored gray tones, Wu Yunfang and her team have also broken into this aesthetic with bold combinations like "purple light + white" and "blue + orange", demonstrating their design prowess. Monthly sales for these standout pieces often reach hundreds of thousands.

Thanks to Yiwugo’s global promotion, many new customers have discovered Fang’s Jewelry through the platform. Most first-time buyers become repeat customers after their initial trial orders. Currently, Wu’s daughter has also begun assisting her in managing the business, and with the new generation’s involvement, the company is poised for a bright future.

Source : Yiwugo: Pearls and Silver Jewelry Take the Global Accessories Market by Storm

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Vieworks Unveils Digital Pathology Scanner LUCEON at ECP 2024

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ANYANG-SI, South Korea, Sept. 6, 2024 /PRNewswire/ — Vieworks, a leading name in bioimaging solutions, is to set a new standard in the digital pathology field with the launch of its high-speed slide scanner LUCEON 510. Vieworks will be making its debut as a digital pathology solution provider at the upcoming European Congress of Pathology (ECP) 2024, one of the most prestigious events in the digital pathology community, in Florence, Italy (Booth 39, September 7th – 10th). 


Digital pathology slide scanner LUCEON 510

Employing the intricately designed 3-camera structure, LUCEON delivers four different imaging modes each optimized for varying applications, including histopathology slides, liquid-based cytology slides, and cytology slides. Three Vieworks cameras—developed and manufactured entirely by Vieworks—obtain three differently focused images at once with scan time and data size comparable to that of a single camera.

Among the four imaging modes, the tri-focal layer merge mode captures and fuses three individual images real-time, resulting in a single fusion image containing the best focused pixels from each image. A variation of the conventional Z-stack, the tri-focal layer merge Z-stack mode utilizes LUCEON’s 3-camera structure to acquire images with a scan time 3 times faster and image size one-third of Z-stack.

LUCEON 510 loads up to 510 slides when fully loaded with 17 racks, 30 slides per rack. Vieworks’ patent pending compatibility adapter allows the use of both 30 slide racks and 20 slide racks. With a scan speed of 30 seconds per slide, LUCEON scans up to 83 slides per hour (15 mm x 15 mm, 40x).

Four Imaging Modes

1.    Best focused layer mode
–      Automatically selects image with best image quality
–      Histopathology slides

2.    Tri-focal layer merge mode
–      Three individual images are captured and fused real-time
–      Resulting fusion image contains best focused pixels from each individual image
–      Liquid-based cytology slides

3.    Z-stack mode
–      High speed Z-stack
–      Adjusts layer spacing in increments of 0.1 ㎛
–      Cytology slides

4.    Tri-focal layer merge Z-stack
–      High speed tri-focal layer merge Z-stack
–      Adjusts layer spacing in increments of 0.1 ㎛ (recommended spacing: 1 ㎛)
–      Cytology slides

About Vieworks Co., Ltd.

As a global leader in digital imaging in various applications from bioimaging, medical X-ray imaging to machine vision, Vieworks offers the most advanced imaging solutions to digital pathology. Vieworks creates new standards in bioimaging industry by providing research professionals with the most valued and high-quality images and offering innovative vision and insight for all. For more information, please visit bioimaging.vieworks.com.

Source : Vieworks Unveils Digital Pathology Scanner LUCEON at ECP 2024

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Board the TOKEN2049 Treasure Express With Bybit and Dive Into an $80,000 Prize Pool

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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, set out to make the community’s TOKEN2049 journey more rewarding. Gearing up for the most anticipated blockchain and Web3 event in the region, Bybit is thrilled to announce three bonus events to enable both attendees and remote fans to both be part of the experience.

The winning opportunities are open to both attendees of TOKEN2049 and followers from afar. Through trading and offline events, participants stand to get free tickets, a share of the $80,000 prize pool in airdrops and coupons, and Bybit merchandise.

Event 1: TOKEN2049 Treasure Express 

From now to Sep. 26, 2024, Bybit users may register for the event and complete tasks by depositing and trading assets to earn lucky draw tickets. The wheel of fortune will turn to one of the three prizes:

1. A pair of tickets to TOKEN2049;
2. A share of the airdrop prize pool valued at $50,000 featuring the hottest tokens, including DOGS, PEPE, SOL, XRP, TON and USDT; or
3. Up to 50 USDT in spot coupons.

Even more rewards await in referrals and social media giveaways. For details, visit: TOKEN2049 Treasure Express

Event 2: Share and Unlock

From now to Sep. 30, 2024, unleash your social media magic for a chance to win a 10 USDT spot trading coupon. Share a Bybit blog link and your thoughts on Bybit and Web3. Remember to tag @Bybit_Official and use the hashtag #UnlockWeb3Future and submit the form with us here: #UnlockWeb3Future at TOKEN2049 with Bybit

Event 3: Meet us offline at TOKEN2049

Spot our logo at TOKEN2049 and capture a photo at the Bybit booth (M50) to win Bybit merchandise. Remember to share to your social media channels and use the right hashtag. For details, visit: #UnlockWeb3Future at TOKEN2049 with Bybit

An advocate for a sustainable Web3 ecosystem, Bybit will be featured prominently at TOKEN2049 on a series of keynote panels, thought leadership and community events, and booth M50.

#Bybit / #TheCryptoArk

About Bybit

Bybit 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 Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Source : Board the TOKEN2049 Treasure Express With Bybit and Dive Into an $80,000 Prize Pool

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Eureka Unveils the J15 Pro Ultra at IFA 2024 – Featuring the Industry's First Self-Cleaning Base Station and Active Detangling Technology

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BERLIN, Sept. 6, 2024 /PRNewswire/ — Just a week after unveiling the E20 Plus, Eureka has made waves at IFA 2024 with the launch of its flagship robot vacuum of 2024, the Eureka J15 Pro Ultra. Equipped with the industry’s first self-cleaning base station and active detangling technology, 16,200 Pa powerful suction, and exceptional edge cleaning performance, the Eureka J15 Pro Ultra is set to make cleaning much easier.


Eureka J15 Pro Ultra

Industry’s First Self-Cleaning Base Station

The Eureka J15 Pro Ultra stands out by featuring the industry’s first self-cleaning base station. In the past, while the base station could clean the robot, the tray of the base was often neglected, allowing dirt to accumulate and reducing the effectiveness of mop cleaning. The Eureka J15 Pro Ultra ingeniously includes a tray scraper, a debris collection area, and a separate tray debris collecting channel inside the base station. After each mop cleaning, a built-in scraper removes debris from the cleaning tray and pushes it to the collection area. Once there, the debris will be dried thoroughly and collected into the dust bag during the next cleaning cycle, making manual cleaning a thing of the past.

Industry’s First Active Detangling Technology

Beyond its self-cleaning capabilities, the J15 Pro Ultra introduces Eureka’s exclusive FlexiRazorTM technology. This feature addresses one of robot vacuum users’ most common frustrations: hair tangling. FlexiRazorTM employs high-density blades that vibrate 400 times per minute, cutting the hair with a 4 mm amplitude. According to SGS certifications, this ensures that hair tangling is reduced by up to 99%*, allowing users to enjoy a hassle-free cleaning experience without the need for frequent manual maintenance.

*The data provided is based on tests conducted by SGS Lab, and actual performance may vary.

Powerful Suction Meets Exceptional Edge Cleaning

Performance is at the heart of the Eureka J15 Pro Ultra, which is most evident in its suction power. Boasting an impressive 16,200 Pa vacuum suction, the J15 Pro Ultra achieves a household debris removal rate of 99%*

*The data provided is based on tests conducted by Eureka Lab and actual performance may vary.

Additionally, the J15 Pro Ultra is equipped with the ScrubExtend mop extension technology. Traditional robot vacuums often struggle with cleaning close to walls and furniture edges, leaving dirt and debris behind. The ScrubExtend system extends the mop when the vacuum detects corners or obstacles, ensuring that even the hardest-to-reach areas receive a thorough clean. The technology’s effectiveness has been validated by TÜV Rheinland, which confirmed a 98.95%* edge coverage rate and an edge extension distance of just 1.36 mm.

*The data provided is based on tests conducted by TÜV Rheinland and actual performance may vary.

Price and Availability:

The Eureka J15 Pro Ultra will be available in France, Italy, Germany, and Spain starting in late September 2024. Following its European release, the J15 Pro Ultra is scheduled to launch in the United States in November 2024.

About Eureka

Founded in 1909 in Detroit, Michigan, USA, Eureka® offers a full line of vacuum cleaners, including uprights, canisters, sticks, handhelds, cordless, and robot vacuum cleaners. For over 100 years, Eureka continues to innovate and bring to market new and exciting products, making it a household name in North America and all around the world. For more information, visit www.eureka.com.

Source : Eureka Unveils the J15 Pro Ultra at IFA 2024 – Featuring the Industry's First Self-Cleaning Base Station and Active Detangling Technology

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Preserving cultural heritage essential for shared future

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PETALING JAYA, Malaysia, Sept. 6, 2024 /PRNewswire/ — A news report from www.chinadailyasia.com:

Asian media members are an important force for promoting the progress of civilization in the region and serve as a crucial bridge in cultural exchanges, said China Daily’s publisher and editor-in-chief.

Qu Yingpu made the remarks at the Forum on Cultural Heritage Conservation in Malaysia on Thursday.

Qu called on the industry to take responsibility for protecting cultural heritages and to collaborate in bringing down barriers for better collective progress.

Themed "Shared Heritage, Shared Future", the forum was held by China Daily, and newspaper alliance Asia News Network, with the think tank KSI Strategic Institute for Asia Pacific as a co-organizer.


Members from Asia News Network and speakers take group photos at the Forum on Cultural Heritage Conservation in Selangor, Malaysia, on Thursday. Andy Chong / China Daily

"We should encourage more people to become involved in the protection of our cultural heritage. We should make our own contribution to the brilliance of Asian civilization in a new era," Qu said.

Qu highlighted the importance of appreciating and preserving the cultural and natural treasures in Asia, a cradle of human civilization that is home to three ancient civilizations — Mesopotamia, the Indus Valley, and China – and has cultivated numerous vital achievements in human history.

"We have to work together to promote the exchange and mutual learning of Asian cultural heritage," said Christina Yeo Ken Yin, undersecretary of the International Relations Division in Culture at Malaysia’s Ministry of Tourism, Arts and Culture.

In addition to cooperation programs in cultural heritage with countries such as China, Thailand, Brunei, Singapore and Indonesia, Yeo said Malaysia is preparing to join the Alliance for Cultural Heritage in Asia — an intergovernmental platform initiated by China to promote regional cooperation in preserving regional cultural heritage.

"Civilization exchanges and mutual learning form an important drive for human progress and global peace and development," said Chang Shan, counselor of the Chinese embassy in Malaysia.

With Asia being an important cradle of human civilization, China and countries in the Association of Southeast Asian Nations are linked by mountains and rivers and share historical bonds, which have led to close people-to-people exchanges, said Chang.

Noting that this year marks the 50th anniversary of the establishment of diplomatic relations between China and Malaysia, Chang said the two countries’ cooperation in cultural heritage protection will continue to play an important role in bilateral exchanges.

Mahfuz Anam, chairman of Asia News Network and editor and publisher of Bangladesh’s The Daily Star, said cultures speak louder than languages and act as effective communicators among different people.

He urged people, particularly journalists, to devote more energy to learning and comprehending different cultural heritages to reduce misunderstandings in a world with more conflicts and uncertainties.

Ronald Gan, president of Persatuan Peranakan Baba Nyonya Malaysia, said the Baba and Nyonya community is a typical example of cultural exchanges between China and Malaysia, with blended elements in cuisine, attire and architecture.

"We are, after all, the descendants of the wise Chinese who migrated to Nanyang with the values of inclusiveness and mutual benefit," said Gan, who has been organizing a Wangchuan ceremony in Melaka.

The ceremony, jointly nominated by China and Malaysia, was added to the UNESCO intangible cultural heritage list in 2020.

As climate change can affect cultural heritage sites, Michael Yeoh, president of KSI Strategic Institute for Asia Pacific, said countries in the region should enhance public, private and people partnerships to protect the environment.

Upholding the 5Ps — planet, people, prosperity, partnership and peace — will ensure a more sustainable future, said Yeoh.

A panel discussion on "Transnational Cooperation for the Conservation of Shared Cultural Landscapes in Asia" was also held during the forum, with experts from across the region exchanging views on future strategies for preserving cultural heritage and landscapes.


Panel speakers discuss at the Panel Discussion: Transnational Cooperation for the Conservation of Shared Cultural Landscapes in Asia during the forum on Cultural Heritage Conservation "Shared Heritage, Shared Future" at Hilton Petaling Jaya Hotel, Selangor, Malaysia on Sep 5, 2024. Andy Chong / China Daily

After the panel discussion, performers from Yunnan province in Southwest China presented the Huayao Dance, which originates from the Huayao branch of the Yi ethnic group in the northern mountainous area of Shiping county, Honghe prefecture.


Dancers from Yunnan perfromce during the forum on Cultural Heritage Conservation "Shared Heritage, Shared Future" at Hilton Petaling Jaya Hotel, Selangor, Malaysia on Sep 5, 2024. Edmond Tang / China Daily

 

Source : Preserving cultural heritage essential for shared future

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

Bybit Expands Global Reach, Receives Formal Consent for Full Authorization in Kazakhstan

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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).

As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.

"Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market," said Ben Zhou, co-founder and CEO of Bybit. "We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry."

Once the full license is in place, Bybit Kazakhstan will offer various digital assets related products and services. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.

This development follows Bybit’s receipt of its initial operating and custody licenses from AFSA in June 2023, reinforcing its commitment to local regulatory requirements. Bybit’s ongoing efforts to strengthen its presence in Kazakhstan underscore its belief in responsible growth and ensuring a compliant and secure trading environment.

Kazakhstan has quickly emerged as a hub for crypto innovation, and Bybit is proud to play a leading role in fostering this development. For example, Bybit hosted a "Foundations of Blockchain, Web3 and Crypto Exchange Activities" course for Banks of Kazakhstan in 2024. This event was part of Bybit’s drive to make blockchain education more accessible in the CIS region.

By securing this full authorization, Bybit is poised to enhance crypto adoption, provide institutional-grade security, and offer advanced trading features to its growing regional user base.

#Bybit / #TheCryptoArk

About Bybit

Bybit 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 Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Source : Bybit Expands Global Reach, Receives Formal Consent for Full Authorization in Kazakhstan

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network