Day: July 6, 2023

Bybit CEO Announces Seamless Fiat Integrations in Keynote Address

Post author By admin
Post date July 6, 2023

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 6 July 2023 – Ben Zhou, co-founder and CEO of Bybit, the world’s third most visited crypto exchange, made significant announcements during his keynote speech today. The speech focused on regulatory achievements, user-friendly features, and offering seamless fiat integrations.

Zhou highlighted Bybit’s dedication to new user education and onboarding, offering services such as fiat transactions, peer-to-peer (P2P) services, demo trading, copy trading, Bybit Earn, and AI-powered trading bots.

Bybit’s P2P service, boasting over 28,000 trusted vendors globally, facilitates seamless fiat-to-crypto and crypto-to-fiat exchanges in more than 570 methods and supports over 50 local currencies. With a remarkable 99.9% anti-fraud record, Bybit ensures user safety.

Zhou revealed that Bybit will be integrating its savings products with the Bybit Card, enabling users to earn a flexible yield while utilizing the card for spending. Bybit is committed to improving accessibility and supporting different regions, gradually expanding its debit card services beyond Europe and the UK, Zhou said.

In the past six months, Bybit has made substantial progress in regulatory compliance, Zhou said. The exchange obtained licenses in Kazakhstan and Cyprus, expanding its reach and demonstrating its commitment to operating within regulated frameworks. The company also shared its anticipation of securing further approvals from the United Arab Emirates (UAE) following its Minimal Viable Product license.

For professional traders, Bybit offers a Unified Trading Account (UTA) which enhances trading across spot, derivatives and options, and loan markets. UTA also includes normal margin mode as well as cross and portfolio modes to serve different customer needs.

Zhou concluded his speech by highlighting the most exciting World Series of Trading competition, which is scheduled for August 2023. This distinguished campaign will bring next-level opportunities to Bybit’s 15 million users and Zhou encouraged everyone to come and be part of the event.

Watch the full keynote here

#Bybit / #TheCryptoArk

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent 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, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

For more information please visit: https://www.bybit.com

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

https://discord.com/invite/bybit
https://www.facebook.com/Bybit
https://www.instagram.com/bybit_official/
https://www.linkedin.com/company/bybitexchange/
https://www.reddit.com/r/Bybit/
https://t.me/BybitEnglish
https://www.tiktok.com/@bybit_official
https://twitter.com/Bybit_Official
https://www.youtube.com/c/Bybit

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

Press Releases

Bybit’s ByStarter Platform to Host Genesis Offering of Mantle’s MNT Token Ahead of Mantle Network Mainnet Launch

Post author By admin
Post date July 6, 2023

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 6 July 2023 – Bybit, the world’s third most visited crypto exchange, has announced the ByStarter Genesis Offering of MNT, the gas and staking token of Mantle Network, an upcoming modular Ethereum layer-2 (L2) blockchain, and the governance token of Mantle Governance, one of the world’s largest decentralized autonomous organizations (DAO). The Genesis Offering rewards early participants with free MNT tokens, with which they will be able to participate in the growth of Mantle Network.

Mantle Network is an L2 solution that is compatible with the Ethereum Virtual Machine (EVM). With its modular architecture, optimistic rollup design, and implementation of EigenLayer’s data availability innovations, Mantle Network aims to chart a hyper-scalable future with Ethereum-grade security and considerably lower fees than incumbent L2s.

Governed by a DAO community, Mantle lowers the barrier to entry for both users and developers to use the network. Bybit has been a strong supporter of the Mantle Treasury, to which it has contributed more than $3 billion worth of tokens. Mantle Network’s full backing by the entire DAO community and sister initiatives such as Game7 and EduDAO make it a vibrant Web3 ecosystem from day one.

ByStarter, Bybit’s innovative token sale platform, offers a rigorous selection process to ensure only the best projects are showcased. It is an opportunity for participants to gain exposure to early-stage projects before they hit centralized exchanges. ByStarter is also a platform for projects looking to raise funds, regardless of their stage of development.

“We are excited to support Mantle Network’s innovative approach to improving Ethereum’s infrastructure,” said Ben Zhou, co-founder and CEO of Bybit. “By listing MNT on our ByStarter platform, we’re providing participants with a unique opportunity to get involved in a promising project at an early stage, and this time at zero cost. We look forward to seeing Mantle’s growth and success.”

“We are thrilled to have Bybit host MNT’s Genesis Offering on its ByStarter platform,” said Arjun Kalsy, head of ecosystem of Mantle. “We thank Bybit for their enduring support and vote of confidence, as we work towards the imminent launch of Mantle Network Mainnet to help hyperscale Ethereum and make Web3 secure and affordable for everyone.”

To participate, users must hold more than or equal to 100 BIT tokens, have more than or equal to 100 USDT, and pass KYC1. The whitelisting subscription starts on July 6, 2023, at 10AM UTC and ends on July 11, 2023, at 6AM UTC, with a prize pool of up to 5,000,000 MNT. Participants will be drawn from a lot to receive MNT allocation at no cost.

To learn more about the MNT token listing, visit https://www.bybit.com/en-US/bystarter/.

#Bybit / #TheCryptoArk

More From Bybit

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent 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, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports, and association football (soccer) team Borussia Dortmund.

For more information please visit: https://www.bybit.com/

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

About Mantle

Mantle is a fast-growing, DAO-led web3 ecosystem whose goal is the mass adoption of decentralized and token-governed technologies. Mantle Ecosystem comprises Mantle products such as Mantle Network, Mantle Governance (DAO), and Mantle Treasury. Mantle token ($MNT) is the unified product and governance token of the ecosystem.

Mantle’s first core product is Mantle Network, a high-performance Ethereum Virtual Machine (EVM) modular layer-2 (L2) blockchain. Mantle Network’s modular rollup architecture separates transaction execution, data availability, and transaction finality into distinct layers. By virtue of being the first L2 network partner for restaking protocol EigenLayer, Mantle Network inherits security from Ethereum while offering high performance at low fees. As the world’s first DAO-spawned L2, Mantle Network is pioneering a vision for a more collaborative decentralized economy to showcase the potential of tokenized governance. Mantle Network offers a Grants Program that provides milestone-based funding to promising projects that help expand, secure, and decentralize the network and the wider ecosystem.

Mantle token will power Mantle Network as its native gas token, multi-party computation (MPC) validator node staking token, data availability (DA) node staking token, and ecosystem growth token, as well as its sequencer node staking token in the future. All future Mantle products will likewise be powered by Mantle token, as it continues to serve as the governance token of Mantle Governance.

To support the next-generation of innovators, builders, and developers, Mantle is growing its ecosystem via Mantle EcoFund, which helps to manage a catalyzed capital pool of $200M.

For more information, please visit

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

Press Releases

Boyden Promotes Gabrielle Robinson and Nessrine Salah to Managing Partners in the Middle East

Post author By admin
Post date July 6, 2023

Accomplished regional executive search experts recognised for their contribution to Boyden, and to economic diversification and progress in the Middle East region

DUBAI, United Arab Emirates, July 06, 2023 (GLOBE NEWSWIRE) — Boyden, a premier global leadership and talent advisory firm is delighted to announce the promotions of Gabrielle Robinson and Nessrine Salah to Managing Partner, Boyden Middle East, in recognition of their expertise, dedication and commitment to the region.

“It is a huge privilege to experience the extraordinary dynamism, creativity, and aspirations of the region as an executive search specialist,” comments Gabrielle Robinson, Managing Partner, Boyden Middle East. “These markets are exceptional in their agility, their focus on rapid commercial and social progress and their commitment to future-focused talent. It inspires Boyden to challenge and transform ourselves as we grow with the market, supporting organisational development and female talent. I look forward to many more rewarding years as the region expands its international cooperation and engagement in global affairs.”

Boyden has worked with clients in the wider MENA region for nearly 25 years. The team has developed an outstanding reputation as trusted advisors on the talent agenda to governments, family offices, investment firms, regional businesses and multinationals. Boyden Middle East provides leadership consulting, executive search, interim management and board services for all markets, specifically aligned with their respective strategic Visions.

“We have accumulated an exceptional amount of knowledge and understanding of business in the Middle East region, advising senior executives and private equity firms on talent, capability building and levers for growth,” adds Nessrine Salah, Managing Partner, Boyden Middle East and UAE Leader, EMEA Private Equity Practice. “Countries in the GCC are leveraging their economic strength and political stability to drive change and progress, investing in education, infrastructure, transportation and tourism, incorporating sustainability into all projects. It is a privilege to be part of such a dynamic and progressive region, both professionally and as an Arab national.”

“Both Gabrielle Robinson and Nessrine Salah have been strong contributors to Boyden’s success in the region. More importantly both are outstanding team players and continue to play a critical role in our ongoing efforts to strengthen our human capital capabilities,” adds Magdy El Zein, Managing Director, Boyden Middle East.

The region’s reputation for agility, fast-paced growth and economic development enables Boyden to attract senior executive talent for clients across its global footprint. Major initiatives are attracting significant investments, driving demand for leadership development, senior-level talent and non-executive directors.

About Boyden

Boyden is a premier leadership and talent advisory firm with more than 70 offices in over 45 countries. Our global reach enables us to serve client needs anywhere they conduct business. We connect great companies with great leaders through executive search, interim management and leadership consulting solutions. Boyden is ranked amongst the top companies on Forbes’ Americas Best Executive Recruiting Firms for 2023. For further information, visit www.boyden.com.

Contacts:

Chris Swee
Chief Marketing Officer, Boyden
T: +1 914 747 0172
E: cswee@boyden.com

GlobeNewswire Distribution ID 8869811

General

Qatar Hails China’s Positive Role In Improving Relations Among Regional Countries

Post author By admin
Post date July 6, 2023

A senior Qatari official, spoke highly of China’s positive role in improving relations among regional countries.

Qatar looks forward to enhancing communication and coordination with China on regional hot-spot issues, so as to further ease tensions in the region, said Mohammed bin Abdulaziz Al-Khulaifi, minister of state at Qatar’s Ministry of Foreign Affairs, during his meeting with Zhai Jun, China’s special envoy on Middle East affairs, in the Qatari capital, Doha.

Al-Khulaifi said that, Qatar and China have profound relations, and both sides have maintained a high level of coordination and cooperation in various fields.

Qatar firmly adheres to the one-China policy and is willing to further strengthen friendly relations with China in various fields, he added.

Noting that, this year marks the 35th anniversary of the establishment of diplomatic relations between China and Qatar, Zhai said, substantial strides have been made in China-Qatar relations in recent years.

China is willing to work with Qatar in accordance with the guidance of the leaders of the two countries, and promote bilateral relations to a higher level, Zhai said.

China attaches importance to Qatar’s unique and important role in international and regional affairs, and is willing to strengthen communication with Qatar and make joint efforts to maintain international and regional peace and stability, he said.

Source: Nam News Network (NNN)

General

Syrian-Venezuelan talks to enhance agricultural cooperation exchange of products

Post author By admin
Post date July 6, 2023

Minister of Agriculture and Agrarian Reform, Mohammed Hassan Qatana, discussed Thursday with his Venezuelan counterpart Castro Soteldo cooperation between both countries , and ways to develop them , especially in the agricultural field and product exchange.

The meeting was held on the sidelines of the activities of the General Conference of the Food and Agriculture Organization of the United Nations (FAO) in the Italian capital of Rome.

Minister Qatana described as very strong and deep the relations between Syria and Venezuela, adding that the presence of a large Syrian community has become part of the Venezuelan people and boosted the relations of both countries.

He pointed out the significance of developing economic ties, facilitating the exchange of manufactured agricultural goods and production.

The Venezuelan Minister, in turn, praised the fraternal relations between both peoples, particularly with the presence of a large Syrian community in Venezuela, including businessmen who could play an important role in developing cooperation and enhancing trade exchange.

He noted the historic visit of the late Venezuelan President Hugo Chavez to Syria which contributed to consolidating the brotherly relations between the two countries.

Source: Syrian Arab News Agency

General

Foreign Ministers of Non-Aligned countries adopt Baku Declaration

Post author By admin
Post date July 6, 2023

Foreign Ministers of the Non-Aligned Movement countries Thursday called for respecting the sovereignty, unity, territorial integrity and political independence of all states and their rejection of external interference in their domestic affairs, stressing the need to end the Israeli occupation of the Syrian Arab Golan.

The Ministers, at the conclusion of their meeting held in the Azerbaijani capital of Baku, with the participation of Foreign and Expatriates Minster, Fayssal Mikdad, adopted the Baku Declaration which called for adhering to the vision, principles and goals of the movement as established during the Bandung Conference of 1955 and Belgrade of 1961, which aims to achieve a world in which peace, justice, cooperation and prosperity prevails for all.

They reiterated the movement’s stance which demands the end of the Israeli occupation of the Syrian Arab Golan and its withdrawal from it up to the line of June 4th, 1967, in accordance with Security Council Resolutions No. 242/338, stressing the content of Resolution 497 which stipulates that all measures taken by the Israeli occupation authorities to change the legal, administrative and demographic status of the Golan are null and void which has no legal effect.

The ministers also expressed their countries’ support for the Palestinian cause, relevant international legitimacy resolutions, the right of the Palestinian people to establish their independent state with Jerusalem as its capital, and the right of return, and they condemned the escalation of the Israeli occupation and settler militias in their deadly attacks on the Palestinians, the latest of which is the attack on the city of Jenin and its camp.

On the other hand, the ministers condemned in the strongest terms the imposition of illegal unilateral coercive measures against member states of the Movement.

Source: Syrian Arab News Agency

General

UK’s Radakin exaggerates Russia’s losses to get more money for weapons – Defense Ministr

Post author By admin
Post date July 6, 2023

UK Chief of the Defense Staff Tony Radakin’s assessments about the amount of armored vehicles allegedly lost by Russia during the special military operation, per a Financial Times report from earlier, are aimed at securing funding for modern weapons that would replace obsolete equipment shipped to Kiev, the Russian Defense Ministry said Wednesday.

“British Admiral Radakin’s assessments about the armored vehicles lost by Russia, combined with claims that the Russian Armed Forces has lost ‘half of its combat capability’ are discouraging due to the sheer scale of the lies. […] The logic and goals of Admiral Radakin’s propagandist statements made in the British parliament are obvious: to wrestle money from the stagnant budget to procure new weapons for the army and replace the junk being shipped to Ukraine,” the Ministry said on its Telegram channel.

The Russian Defense Ministry also pointed out UK Defense Secretary Ben Wallace’s claims regarding the “total depletion of the UK’s own weapons stockpile and the hundreds of vehicles sent for the Ukrainian ‘counteroffensive,’ which ‘unexpectedly’ burned as soon as they faced the allegedly non-combat-capable Russian army.”

The Russian Defense Ministry noted that Western states are mainly concerned over how to convince their taxpayers that the military shipments to Kiev make any sense at all and were good for something.

“In the absence of any results from the Ukrainian army on the battlefield, and, as is becoming increasingly clear – even the chance for such results – one can only fantasize about the ‘loss of combat capability’ of the Russian army,” the Ministry added.

“The overhyped Storm Shadow missile more and more often hits civilian infrastructure, unfortunately, causing civilian casualties,” the Defense Ministry noted.

Source: Syrian Arab News Agency

Market

Saudi Stock Exchange Main Index Ends Trading Higher at 11597.91 Points

Post author By admin
Post date July 6, 2023

Saudi Stock Exchange main index ended trading higher today, gaining 6.36 points to close at 11597.91 points.

The total value of trading reported was SAR 6 billion, while the total number of shares traded was 281 million.

The Saudi Parallel Market Index (NOMU) ended the day by losing 480.78 points to close at 24149.24 points, with a valuation of SAR 43 million.

Source: Saudi Press Agency

General

Prince Fahd bin Mansour Heads KSA’s Delegation to G20’s Official Startup20 Summit in New Delhi

Post author By admin
Post date July 6, 2023

Prince Fahd bin Mansour bin Nasser bin Abdulaziz, Founder of Entrepreneurship Vision Association, Chairman of Saudi STARTUP20 Group of G20 Startups and Head of Saudi Delegation to the G20 Youth Entrepreneurs Alliance, headed the Kingdom’s delegation to the official Startup20 Summit in New Delhi.

In his speech at the summit, Prince Fahd stressed the importance of the Kingdom’s participation in the summit as a leading country in the field of entrepreneurship and an enabler of startups under the Saudi Vision 2030, which aims to increase the contribution of SMEs to the GDP from 20% to 35%.

The prince said: “The Kingdom supports India’s proposal to establish a $1 trillion Startup20 fund. We can imagine the impact and results that can be achieved from establishing this fund. We are ready to cooperate with Startup20 to provide this opportunity to the Kingdom’s most important investors and showcase the best opportunities for startups.”

The summit was held with the participation of 29 countries, including 20 members: Saudi Arabia, India, Argentina, Australia, Brazil, Canada, China, France, Germany, Poland, Italy, Japan, South Korea, Mexico, Russia, South Africa, Turkiye, the UK, the US and the European Union. Also, nine countries had been invited to the summit: Bangladesh, Egypt, Mauritius, the Netherlands, Nigeria, Oman, Singapore, Spain, and the UAE.

Source: Saudi Press Agency

General

ZATCA Thwarts Attempt to Smuggle Over 3 kg of Cocaine

Post author By admin
Post date July 6, 2023

The Zakat, Tax and Customs Authority (ZATCA), at King Abdulaziz International Airport (KAIA), in Jeddah, has thwarted an attempt to smuggle more than 3 kilograms of cocaine.

ZATCA stated that when conducting the detection and inspection process on three passengers coming to the Kingdom of Saudi Arabia via KAIA, cocaine was found hidden in their bowels.

Source: Saudi Press Agency