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Bybit CEO: “Institutions Driving Today’s Crypto Bull Market” – At Blockchain Life 2024 Dubai

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DUBAI, UAE, April 16, 2024 /PRNewswire/ — In a discussion among industry leaders at the Blockchain Life conference in Dubai, Bybit CEO Ben Zhou highlighted the readiness and sophistication of today’s cryptocurrency exchanges (CEXs). Zhou co-founded Bybit in 2018 and today is one of the world’s top three exchanges by volume.

During the conversation, Zhou elaborated on several aspects that underscore this era of crypto maturity. “From Bybit’s perspective, this bull market so far has been driven by institutions … Since partnering with third-party custodians like Copper and Fireblocks, institutional capital flows increased 186% last year.” Zhou pointed out that better infrastructure, and the approval of the Bitcoin spot ETFs, played a crucial role in supporting institutional entry into the crypto market.

Zhou oversaw meticulous upgrades to Bybit since the last crypto bull run in 2021, which has enabled institutional investors to deploy deeper pools of capital. “Bybit has a very fluid trading system where you can use any token to trade anything,” Zhou said, speaking live on the main stage. “So Bybit’s institutional clients have a lot of tools; they can do spread trades, arbitrage funding rates, and all kinds of sophisticated trading. Based on this, we can support new capital flows we haven’t seen before in crypto.”

The Bybit CEO also noted the evolution in service reliability amidst market volatility. “Our risk management and system resilience has been continuously improved,” Zhou said. “Even during volatile markets, Bybit remains very steady,” This stability is a testament to the sophisticated infrastructure, which supports both institutional and the exchange’s 25 million retail investors.

Zhou noted that Bybit’s retail clients can now access products that demystify sophisticated strategies. “We have a unique product called perpetual protect. It utilizes options contracts to safeguard perpetual positions from losses. Our advanced UTA (Unified Trading Account) design further empowers traders by giving them an edge in the market,” he explained. This product simplifies derivatives and options, making complex financial instruments accessible and understandable to a broader audience.

As the crypto market matures, Bybit remains at the forefront, championing innovations that align with both market trends and regulatory standards. This readiness not only marks a significant milestone for Bybit but also highlights the overall advancement of the crypto exchange industry.

#Bybit / #TheCryptoArk

About Bybit

Bybit is one of the world’s top three crypto exchanges by trading volume with 25 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle 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

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ALLCLEAR TRAVEL RESEARCH: ONE IN FOUR PEOPLE WITH MEDICAL CONDITIONS RISK INVALIDATING THEIR TRAVEL INSURANCE WHEN TRAVELLING ABROAD

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LONDON, May 16, 2024 /PRNewswire/ — One in four people with pre-existing medical conditions (25%) say they will not declare all of their medical conditions when buying travel insurance, with 40% of these only declaring what they are currently being treated for.

Of those that would not declare everything, one in eight (13%) would only declare everything when visiting far-flung destinations, or when they’re away for two weeks or more (15%). Another 14% don’t always declare all their medical conditions as they believe the risk of falling ill is very small.

Further the issue of travelling abroad with medical conditions is not an issue confined to older holidaymakers. The new survey of a representative sample of 2,212 adults reveals that across all age groups, around two-thirds of survey respondents acknowledged they had some form of pre-existing medical condition.  For any age, medical conditions need to be declared when travelling abroad to avoid the risk of travel insurance being invalidated.

Garry Nelson, Head of Corporate Affairs at AllClear Travel Insurance commented: “While it is positive to see that most people are choosing to declare all of their medical conditions to their travel insurance provider, the fact one in four don’t is of particular concern. With travel insurance, it is vital that people – and particularly those that have pre-existing medical conditions – declare ALL the medical conditions that fall within their Travel Insurance warranty, to be sure their cover offers them the fullest protection possible.”

“Our priority at AllClear is to look after our customers on holiday and the value we deliver our customers is based on a commitment to providing the best quality product and best-in-class service for the fairest possible price.”  

For more than 20 years, award-winning AllClear Travel Insurance has helped cover more than 3.5m people, with customers across the UK and Australia.  AllClear is passionate about enabling people to obtain specialist travel insurance whatever their pre-existing medical conditions or age. Discover more about AllClear at: www.allcleartravel.co.uk 

The online research was conducted for AllClear by Sago research among a representative sample for 2,212 adults in April 2024.

View original content:https://www.prnewswire.co.uk/news-releases/allclear-travel-research-one-in-four-people-with-medical-conditions-risk-invalidating-their-travel-insurance-when-travelling-abroad-302146684.html

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barq and TerraPay Forge a Strategic Partnership

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DUBAI, UAE, May 16, 2024 /PRNewswire/ — During the days of Seamless 2024 exhibition in Dubai, the fintech application barq and TerraPay, a global money movement company signed a strategic partnership. This collaboration aims to provide fast and secure international money transfer services.

Mr. Ahmed Alenazi, CEO of barq, expressed his enthusiasm, stating, “We are delighted to collaborate with TerraPay to enhance our international money transfer services. This alliance reflects our commitment to innovation and customer satisfaction.”

Ani Sane, Co-founder & Chief Business Officer – TerraPay, commented, “This partnership is not just another agreement; it is a testament to our commitment to supporting promising projects in Saudi Arabia like barq. Through this collaboration, we aim to deliver fast, efficient, and secure international money transfer services that adhere to global standards.”

Supported by TerraPay’s extensive global payments network, this agreement aligns with barq’s efforts to expand its service offerings, catering to customer needs and keeping pace with the growth of the fintech sector, both within and beyond the Kingdom.

barq received a license from the Saudi Central Bank (SAMA) in January of this year. Developed in Riyadh by Saudi talent, barq is expected to revolutionize the Kingdom’s fintech sector in the coming years. This is due to its unique services, secure payment methods, and the expertise of its team.

For media inquiries or further information, please contact: [email protected] 

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Call for Projects: Over $3 Million Investment for International Audiovisual Contents at TCCF PITCHING 2024

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TAIPEI, May 16, 2024 /PRNewswire/ — Taiwan Creative Content Agency (TAICCA) is pleased to announce that the 5th Taiwan Creative Content Fest (TCCF) will take place from November 5th to 8th at the Taipei Nangang Exhibition Center. The “Project to Screen” section continues to invite international submissions, with expected total investment resources of over USD 3 million provided.

“Project to Screen”:  Facilitating Production and Market Access

The “Project to Screen” section includes four categories: feature films, series, animation, and documentaries. Submissions open on June 3rd and will undergo evaluation by a panel of international juries. Selected entries will receive training resources and present proposals during TCCF, with accommodation subsidies offered. One outstanding project will be awarded the “Project to Screen: Best Project” award and a prize of USD 30,000.

All selected projects can apply for TAICCA’s “Creative Content Development Program (CCDP) – Development Fund” and “Taiwan’s International Co-funding Program 2.0 (TICP 2.0) Option 2″ within two years. The total funding surpasses USD 3 million, providing resources to advance project development and establish connections within the market. Both initiatives have helped build on success at the Berlinale and Cannes Film Festival in 2024, paving the way for high-quality works with international marketability.

TCCF 2024 continues to collaborate with international festivals, markets, and organizations to promote audiovisual works and talents to the European and global markets. One project selected by Series Mania is invited to participate in the 2025 event. The BIFAN NAFF Project Market, Focus Asia-All Genres Market, and the MIFFest Project Market will also select project proposals from TCCF to participate in upcoming events.

TCCF award winners are making significant impacts and gaining recognition at prestigious film festivals and markets. The documentary “After the Snowmelt,” winner of the “TAICCA X CNC AWARD” in TCCF 2023, has since been selected to multiple international film festivals, including Visions du Réel in Switzerland, Jeonju International Film Festival in South Korea, Trento Film Festival in Italy, and Millennium Docs Against Gravity in Poland, showcasing Taiwan’s cultural and content strengths on the global stage.

Aside from projects selected from the TCCF Project to Screen open call, ones from TAICCA’s workshop in collaboration with “Festival des 3 Continents / Produire au Sud,” “Series Mania Institute,” and audiovisual professionals from South Korea, will also be presented in respected pitching sessions.

“Story to Screen” Sessions: Showcase of Adaptation Potential for Industry Buyers

Another section of TCCF PITCHING “Story to Screen” recommends story IPs with adaptation potential, including fiction and non-fiction, comics, and original story concepts. Along with “Shoot the Book! TCCF” session – a collaboration with SCELF, “Story to Screen” will present Taiwanese and French stories with marketability to domestic and international buyers and professionals, aiming to facilitate adaptations, foster collaborations, and expand the reach of compelling narratives.‍

Elevating Taiwan’s Creative Industry: TAICCA Pioneers Collaboration and Funding

Homme TSAI, TAICCA’s chairman, emphasized the agency’s commitment to enhancing Taiwan’s creative industry. To further support the cultural investment environment, that was made favorable following the amendment regarding the Development of the Cultural and Creative Industries Act, TAICCA has collaborated with leading domestic telecommunication and technology companies, including ASUS and ADATA, as well as international creative content companies such as CJ ENM Hong Kong and Warner Bros. Discovery Group, to establish funds, laying the groundwork for producing high-quality works with global appeal.

TCCF is a major annual event in the Asian creative content industry, attracting buyers and sellers internationally to converge and engage in networking and commercial negotiations. Divided into three main sections — PITCHING, MARKET, and FORUM — TCCF aims to promote exceptional works with marketability and international influence, while actively fostering opportunities for transmedia content development, investment, sales, and distribution.

TCCF PITCHING “Project to Screen” 2024 Important Dates

June 03 – July 31: Open call and submission.

Early September: Announcement for selected projects/stories.

Please refer to the official website (https://www.tccf.tw/en/home) for the announcement of the call for projects.

About TAICCA (https://en.taicca.tw/)

The Taiwan Creative Content Agency (TAICCA), established in June 2019 and supported by the Ministry of Culture, is a professional intermediary organization working to promote the development of Taiwan’s content industries including film and TV, publishing, pop music, ACG, and more.

Media Contact

TAICCA PR | Wengin Hsu | [email protected]
TAICCA PR | Alice Chang | [email protected]   

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Cision View original content:https://www.prnewswire.co.uk/news-releases/call-for-projects-over-3-million-investment-for-international-audiovisual-contents-at-tccf-pitching-2024-302147226.html

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