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Mastering P2P Trading Safety: Bybit Releases Guidance to Avoid Missteps

Written by CryptoCurrencyNews on March 15, 2024. Posted in Cryptocurrency.

DUBAI, UAE, March 15, 2024 /PRNewswire/ — Bybit, one the world’s top three crypto exchanges by volume, is pioneering a robust anti-fraud education campaign aimed at empowering its users with the knowledge and tools needed to navigate the P2P trading landscape safely.

Mastering P2P Trading Safety: Bybit Releases Guidance to Avoid Missteps

P2P crypto scams can exploit the direct nature of transactions between parties. Scammers have developed sophisticated methods to undermine trust and manipulate the escrow system. Bad actors can impersonate reputable platforms like Bybit, to trick people out of their money.

Understanding the mechanics of these scams is the first step in prevention. Bybit’s initiative focuses on educating its users about the various forms of P2P fraud, including the nuances of escrow transaction scams, the tactics used by Bybit impersonators, and the red flags indicative of SMS scams and dubious cash transactions.

To combat these threats, Bybit advises traders to adopt a multi-faceted approach to security:

Meticulously verify all transaction details and the identity of the counterparty.
Utilize Bybit’s in-house communication platform for all exchanges.
Remain vigilant against pressure tactics meant to foster hasty decisions.
Reach out to Bybit’s dedicated Customer Support team for assistance and to report suspicious activity.
Keep detailed records of all transactions and communications.

“In the face of evolving cyber threats, our priority remains the security and trust of our community,” said Ben Zhou, co-founder and CEO. “Through education and proactive support, we aim to fortify our users against the perils of P2P fraud, ensuring a safe and seamless trading experience.”

#Bybit / #TheCryptoArk

About Bybit

Bybit is a top-three cryptocurrency exchange by volume with 20 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: media@bybit.com
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Flash News: OKX to List ether.fi Protocol’s ETHFI on its Spot Market

Written by CryptoCurrencyNews on March 15, 2024. Posted in Cryptocurrency.

DUBAI, UAE, March 15, 2024 /PRNewswire/ — OKX, a leading crypto exchange and Web3 technology company, has issued updates for March 15, 2024.

OKX to List ether.fi Protocol’s ETHFI on its Spot Market

OKX today announced that it will be listing the ether.fi protocol’s ETHFI token on its spot market on March 18 at 8:10 PM (UTC +8), enabling users to trade ETHFI against USDT. Deposits for the token were enabled today at 2:00 PM (UTC +8).

ether.fi is a protocol that allows users to stake ETH and receive eETH, a natively restaked liquid staking token that fuels DeFi and decentralizes Ethereum. When a user holds eETH, they receive ETH staking rewards, ether.fi points and EigenLayer points. In addition, they retain custody of their token and can engage in various DeFi applications with partners such as Aave and Pendle.

For more information, please visit the Support Center.

For further information, please contact:
Media@okx.com

About OKX

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being one of the fastest and most reliable crypto apps in the world.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

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SOURCE OKX

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Flash News: OKX Wallet Now Supported on Portal Bridge, Offering Unlimited Transfers across Chains for the Web3 Community

Written by CryptoCurrencyNews on March 15, 2024. Posted in Cryptocurrency.

SINGAPORE, March 15, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for March 15, 2024.

OKX today announced that its OKX Wallet is now integrated with Portal, a bridge that offers transfers across chains for tokens and NFTs wrapped by Wormhole, enabling the users to complete cross-chain transfer for crypto assets, via OKX Wallet.

Portal Bridge is a bridge leveraging Wormhole’s interoperable platform that offers brilliant features and advanced technology, including:

Cross Chain Exchange: Using Wormhole Connect, developers can build an exchange that allows deposits from any Wormhole connected chain, massively increasing the liquidity their users can access.
Cross Chain Governance: NFT collectors on different networks can also vote on a combined proposal, allowing them to pick a “voting” chain, and use Wormhole to communicate votes cast on their disparate chains to the voting chain.
Cross Chain Game: Games can be built and played on a performant network like Solana, and issue rewards as NFTs on a different networks such as Ethereum.

Portal Bridge integrated OKX Wallet as an official on-chain entrance to provide token and NFT cross-chain transfers for all the OKX Web3 Wallet users. Portal Bridge is an application built on top of Wormhole that allows users to bridge tokens through Portal. The original token gets locked in a smart contract, and a new Portal wrapped token gets minted on the target chain. Users can swap those for other/native tokens on the target chain.

For more information, please visit the OKX Support Center.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

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Offchain Labs Releases ArbOS 20 Atlas, Significantly Reducing Transaction Costs on Arbitrum

Written by CryptoCurrencyNews on March 15, 2024. Posted in Cryptocurrency.

ArbOS Atlas makes Arbitrum chains ready to support the Ethereum Dencun update that went live on Ethereum mainnet and is poised to improve workflow for developers and users alike

NEW YORK, March 14, 2024 /PRNewswire/ — Offchain Labs, the original contributor to Arbitrum, the market-leading Layer 2 (L2) scaling solution on Ethereum, today announced the release of ArbOS 20. Dubbed “Atlas”, the operating system update marks a significant leap forward for the Arbitrum ecosystem, introducing Ethereum Dencun support to all Arbitrum chains, paving the way for significantly improved costs and new use cases. In combination with Stylus and EVM+, applications and use cases previously considered impossible to ship on Arbitrum are now within reach – especially those that produce a high number of transactions like Gaming, SocialFi, or DeFi exchanges.

The most notable impact resulting from ArbOS Atlas will be a significant change in Ethereum L2 transaction costs. Atlas provides Arbitrum chains the ability to post user transactions in a new type of transaction in the form of a Blob, reducing costs of those transactions, introducing new storage opcodes for cheaper transient data, and adding cheaper memory copying. It also adds support for EIP-6780, aligning Arbitrum with EVM’s security posture and laying the groundwork for future EVM improvements.

“We are excited to see the Arbitrum DAO has voted to upgrade to ArbOS Atlas, which will bring significant benefits to the community in terms of improved transaction pricing,” said Steven Goldfeder, CEO and Co-Founder of Offchain Labs. “This particular upgrade aligns strongly with our mission to continue scaling Ethereum so that it is more usable for the masses and native crypto community.”

In addition to a reduction in L1 posting fees via EIP-4844, the L2 base fee and L1 surplus fee have also been reduced through ArbOS Atlas; the L1 surplus fee per byte will be reduced from 2 gwei to 0, L2 minimum base fee will be reduced from 0.1 gwei to .01 gwei. Users and developers don’t have to take any steps to benefit from the aforementioned changes. EIP-4844-related data posting cost reductions will be live on March 14, while the additional fee reductions will be in effect by March 18.

At launch, Arbitrum RaaS providers Altlayer, Caldera, Conduit, and Gelato are committed to upgrading existing Orbit chains to ArbOS Atlas and providing Ethereum Dencun support. The grouping is excited to support the transition to Atlas and ensure all parties are able to reap the benefits of the implementation if they choose to do so.

Applications on Arbitrum will not have to be modified or take any explicit action to get the benefits of using EIP-4844, a key part of the Ethereum Dencun upgrade that introduces blob-carrying transactions to make L2 transactions cheaper on the network. In addition to applying to DAO-governed chains, ArbOS Atlas can be deployed by Orbit chains independently of the Arbitrum DAO governance process; Orbit L2 roll-up chains will receive the cost benefits of EIP-4844, while all Orbit chains can upgrade to benefit from the other features in ArbOS Atlas. The ability of self-governed Orbit L2 chains to deploy ArbOS Atlas whenever they’re technically ready is an example of the freedom granted by the Arbitrum Expansion Program.

Partner Quotes

“ArbOS 20 – ‘Atlas’ promises numerous functional improvements for transactions running on Arbitrum, especially with regards to pricing and cost economics. We believe these are critical if we are to attract widespread adoption of rollups. AltLayer is proud to support Atlas and extend its benefits to our RaaS/rollup users, who will be able to save significant fees on gas, as they deploy L2 or L3 chains on Orbit.” – Yaoqi Jia, CEO, AltLayer

“With the Dencun upgrade and implementation of EIP-4844 blob transactions on ArbOS 20, Atlas stands out as one of the most highly anticipated upgrades to Arbitrum Orbit chains. The Atlas upgrade pledges additional reductions in transaction fees, along with enhancements in scalability, throughput, and staking experience on Orbit rollups. We’re excited to introduce this upgrade to Gelato Roll-up-as-a-Service Arbitrum Orbit customers, supercharging user experience with the latest cutting-edge Ethereum technology.” – Luis Schliesske, Founder, Gelato

“We’re excited to upgrade Caldera’s Orbit chains to Atlas, giving our users access to Ethereum blobspace as a data availability layer. EIP-4844 blobs will make operating a rollup orders of magnitude less expensive, improving the user experience for our customers and their communities. We can’t wait to see the new innovations that cheap, Ethereum-native data availability will enable.” – Matt Katz, CEO, Caldera

About Offchain Labs

Offchain Labs is a venture-backed, Princeton-founded company that has dedicated over five years to blockchain research and development. As the original contributors to Arbitrum, Offchain Labs has been instrumental in revolutionizing the industry through this leading network scaling solutions. The team continues to build upon this foundation by innovating and enhancing products such as Prysm, Arbitrum Orbit, Stylus, and Arbitrum Nitro. In October 2022, Offchain Labs acquired Prysmatic Labs, the leading consensus client for Ethereum, further cementing Offchain Labs’ alignment with Ethereum.

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SOURCE Offchain Labs

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Cetera Introduces Bitcoin ETF Policy and Guidance for Financial Professionals

Written by CryptoCurrencyNews on March 15, 2024. Posted in Cryptocurrency.

Cetera among the first wealth management firms to deliver comprehensive education, training and resources addressing rapidly growing investment products

Policy represents a “prudent embrace” of bitcoin ETFs and the latest Cetera offering to help financial professionals best serve their clients and strategically grow their business

SAN DIEGO, March 14, 2024 /PRNewswire/ — Cetera Financial Group (Cetera), the premier financial advisor Wealth Hub, announced today that it has introduced a new policy regarding the usage of bitcoin ETFs in brokerage accounts. The policy includes education and resources designed to help affiliated financial professionals guide their clients in incorporating bitcoin ETFs into their investment portfolios. Cetera is among the first wealth management firms to roll out a formal policy on bitcoin ETFs as exponentially more investors are exploring the products and investing in bitcoin.

“As expected, we are prudently embracing bitcoin ETFs and we prioritized developing this important guidance to help our financial professionals implement these products in client portfolios,” said Matt Fries, head of investment products and partner solutions at Cetera. “Today’s investors have increasingly complex needs, and our investment products team is here to support our financial professionals across the investment spectrum. We will continue to proactively evaluate the implications of bitcoin ETFs and related products and modify our policies accordingly, and we look forward to partnering with our financial professionals to adopt bitcoin ETFs when appropriate with their clients.”

Cetera has approved usage of the following spot bitcoin ETFs: Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC), Fidelity Wise Origin Bitcoin Fund (FBTC), and Blackrock iShares Bitcoin Trust (IBIT). The selected funds are sponsored by leading ETF providers with track records of successfully launching new product strategies, and are well positioned with established resources, tools and knowledge. Training will be available for financial professionals on Cetera’s award-winning AdviceWorks portal starting on March 25.

Cetera’s new program follows exponential growth of bitcoin ETFs among investors. Approximately 50 million people own bitcoin, as of February 2024, according to the number of unique addresses with non-zero balances of bitcoin. This represents an increase of 20 million users compared to 2023.

Visit www.cetera.com for more information.

About Cetera

Cetera Financial Group, which is owned by Cetera Holdings (collectively, Cetera), is the premier financial advisor Wealth Hub where financial advisors and institutions optimize their control and value creation. Breaking away from a commoditized and homogenous IBD model, Cetera offers financial professionals and institutions the latest solutions, support, and services to grow, scale, or transition with a merger, sale, investment, or succession plan. Cetera proudly serves independent financial advisors, tax professionals, licensed administrators, large enterprises, as well as institutions, such as banks and credit unions, providing an established and repeatable blueprint for scalable growth.

Home to more than 12,000 financial professionals and their teams, Cetera oversees more than $475 billion in assets under administration and $190 billion in assets under management, as of December 20, 2023. In a recent advisor satisfaction survey of more than 32,000 reviews, Cetera’s Voice of Customer (VoC) program vigorously measures advisor experience and satisfaction 24/7. Currently, it’s ranked 4.8 out of 5 stars.

Visit www.cetera.com, and follow Cetera on LinkedIn, YouTube, Twitter and Facebook.

“Cetera Financial Group” refers to the network of independent retail firms encompassing, among others, Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors), and Cetera Financial Specialists LLC. All firms are FINRA/SIPC members. Located at: 655 W. Broadway, 11th Floor, San Diego, CA 92101.

Important Disclosure Information

Cetera does not offer any direct investments, endorsements, or advice as it relates to Bitcoin or any crypto currency.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the prospectus and summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

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