Author: CryptoCurrencyNews

DUBAI, UAE, Feb. 6, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has successfully registered with FIU-IND, reinforcing its commitment to regulatory compliance in India. As part of this process, Bybit has settled the monetary fine and diligently addressed and resolved prior regulatory matters, further demonstrating its dedication to transparency and the highest standards in the Indian market.

Bybit is committed to operating within the regulatory framework of India and takes its compliance obligations seriously. We have been working diligently with the FIU-IND to address their concerns and ensure full adherence to the Prevention of Money Laundering Act (“PMLA”) and associated regulations. We recognize the importance of robust Anti-Money Laundering (“AML”) and Combating the Financing of Terrorism (“CFT”) measures and are dedicated to upholding the highest standards in these areas.

We believe that our engagement and cooperation throughout the FIU-IND registration process demonstrates our commitment to compliance. We have been actively working to fulfill all necessary requirements for compliance, including its registration application on 26 June 2024 as a Virtual Digital Asset Service Provider (“VDASP”) in India.

Bybit is also proactively involved in the Indian crypto community to educate users and spread awareness. Bybit is currently a Silver Associate Member with the Bharat Web3 Association (“BWA”) . Through this partnership, we hope to use our platform to promote Web3 adoption and foster innovation in the Indian crypto ecosystem.

Bybit’s not-for-profit initiative Blockchain for Good Alliance (“BGA”) has partnered with blockchain societies of top universities like Blockchain Society of IIT Delhi and Blockchain Society of IIT Kharagpur to drive crypto education in India. Bybit will also be conducting a series of hackathons, workshops, and other events in partnership with top universities to foster crypto and blockchain education and awareness within the Indian market in the coming months.

Bybit recognizes the great potential of the Indian market, and is committed to offering the best services and products to all Indian users, including Spot, Derivatives, Options, Bybit Earn, and more.

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

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Visionaries including Palmer Lucky, Travis Kalanick, Arianna Huffington, Brett Adcock,
Cathie Wood, and Vinod Khosla to address “Technological Convergence” and the future
of exponential technologies

LOS ANGELES, Feb. 5, 2025 /PRNewswire/ — Abundance360 (A360), the premier leadership community for exponential entrepreneurs, investors and innovators, announces its faculty line-up for the annual 2025 Abundance Summit taking place March 9-13 in Los Angeles.

This one-of-a-kind, five-day summit, hosted by Peter H. Diamandis, MD, founder of Abundance360, Singularity University and XPRIZE, brings together entrepreneurs and CEOs leading $10 million to $10 billion companies to explore the theme of “Technological Convergence”—the fusion of exponential technologies poised to redefine industries and societies.

This year’s summit features prominent leaders including Brett Adcock (Founder, CEO, Figure), Arianna Huffington (Founder & CEO, Thrive Global), Travis Kalanick (Co-Founder, Uber), Cathie Wood (CEO, ARK Invest), Vinod Khosla (Founder, Khosla Ventures), Anthony Scaramucci (Founder, SkyBridge Capital), Palmer Luckey (Founder, CEO, Anduril), Jared Kaplan (co-Founder, CSO, Anthropic) and many more leading minds in technology, business, and innovation.

From fireside chats and keynotes to hands-on experiences at the Google Tech Hub, this year’s summit is designed to inspire and educate attendees and equip them with actionable insights to tackle global challenges and harness the power of exponential technologies. Topics will include:

• AI, Humanoid Robots & Quantum Computing
• Exponential Tech: AR, 3D Printing, Sensors, Networks, Drones
• Biotech, Health & Human Longevity
• Crypto, Bitcoin & Blockchain
• Moonshot Thinking

“We are on the brink of unprecedented technological breakthroughs transforming every aspect of our lives, from how we run our companies, our nation and educate our children. There has never been a more important time to understand the impact of converging exponential technologies. The 2025 Abundance Summit is designed to empower leaders and entrepreneurs to harness the full potential of these advancements, driving transformative change and shaping a brighter future for all,” said Peter H. Diamandis, MD, Founder and Chairman of Abundance360.

Abundance360 is Singularity University’s highest-level program, and 2025 is the 13th year of the Summit’s operation. A360 supports its 500+ members in shaping a “Massive Transformative Purpose” and taking on a Moonshot focused on solving the world’s biggest problems by leveraging converging exponential tech. Admission to A360 and the Abundance Summit is only through application and interview.

The 2025 Abundance Summit is sponsored by Google, Invisible Technologies, Exponential Ventures (xpv.ai), Abra, Fountain Life, Starlink, and Lucid Motors.

Please visit abundance360.com/a360-invite to learn more about joining the Abundance Community.

About Abundance360 Membership & Community
Abundance360 (A360) is a premier global community of 500 entrepreneurs, CEOs, and investors united by a shared focus on transformative technologies and impactful innovation. A360 is perhaps the highest level membership of its type with membership levels ranging from $10,000 to $70,000. Designed for leaders running companies valued from $10 million to $10 billion, A360 offers an exclusive year-round program featuring an annual Summit, quarterly virtual workshops, member forums and an annual Platinum Longevity Trip. Members gain access to cutting-edge advancements in AI, biotech, and exponential technologies, as well as a private hub and member-matching tools to foster strategic connections. A360 empowers its members to think boldly, pursue Moonshots, and create meaningful change, while building a close-knit network of like-minded visionaries committed to shaping a better future for humanity. Learn more at abundance360.com/a360-invite.

About Peter H. Diamandis, MD
Peter is a serial entrepreneur, futurist, technologist, New York Times Bestselling Author, and the founder of PHD Ventures and over 25 companies. Fortune magazine has named Peter “One of the World’s 50 Greatest Leaders.” He is the Founder and executive chairman of the XPRIZE Foundation which has launched over $400 million of incentive competitions, driving more than $4 billion in R&D (most recently launching the $100 million Gigaton Carbon XPRIZE funded by Elon Musk to combat climate change). Peter’s venture fund, BOLD Capital Partners is deploying $600M+ into exponential technologies and health-biotech. Diamandis has written six books including four New York Times bestsellers, and his life’s mission is to empower entrepreneurs to create a hopeful, compelling and abundant future for humanity. Diamandis received his B.S. and M.S. from MIT and his MD from Harvard Medical School.

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SOURCE PHD Ventures

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626 bitcoin mined and 40 EH/s surpassed in operating hashrate

More than 8% fleet efficiency improvement month over month

LAS VEGAS, Feb. 4, 2025 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), America’s Bitcoin Miner® (the “Company”), today released its unaudited bitcoin mining and operations update for the month ending January 31, 2025.

“CleanSpark powered through January, continuing to improve efficiency and reach new milestones despite historic weather events across several of our regions. We crossed the 40 EH/s milestone, achieved more than 10,500 bitcoin held in treasury, and celebrated the five-year anniversary of our uplisting on Nasdaq by ringing the bell last week,” said Zach Bradford, CEO and President of CleanSpark. “Now, the entire team is focused on executing our path to 50 EH/s and building on our top three position across operating hashrate, marginal cost per coin, fleet efficiency, bitcoin held, and total uptime. This month we saw our interruptible power contracts in action as we curtailed portions of the portfolio during extreme cold weather events. We demonstrated our ability to support our utility and community partners, specifically during the coldest five days, and the benefit to our broad regional portfolio strategy by mitigating downtime in the Southeast with limited interruption across our other regions. Despite the weather, construction in Tennessee, Georgia, and Wyoming continues as we march toward our midyear goal.”

January Bitcoin Mining Update (unaudited)

• Bitcoin produced in January: 626
• Total bitcoin holdings as of January 31: 10,556
• Month-end operating hashrate: 40.1 EH/s
• MW under contract: 873 MW¹
• Month-end fleet efficiency: 16.15 J/Th
• Total bitcoin sold in January: 22.47
• Deployed fleet: 217,272
• CY2025 bitcoin produced: 626

Throughout January 2025, the Company’s average hashrate was 34.76 EH/s and average fleet efficiency was 17.37 J/Th, resulting in an average of 20.19 bitcoin mined daily. The single day high reached 22.89 bitcoin. The Company sold 22.47 bitcoin during January 2025 at an average price of approximately $100,412 per bitcoin.

¹MW includes all contracted power capacity for wholly owned sites and excludes contracted capacity through hosting agreements and/or other non-binding arrangements.

Additional Updates
Twin City, Georgia. A new 12 MW site in Georgia housing S21 Pro miners is almost fully online, with approximately 0.7 EH/s contributing to CleanSpark’s operating hashrate. The remaining 0.1 EH/s is expected to come online in the coming weeks.

Cheyenne, Wyoming: We are actively deploying in our technologically advanced immersion environment and remain on track for completion in this quarter. Full deployment is expected to contribute 5 EH/s to CleanSpark’s most efficient hashrate once fully energized using the latest generation S21 XP Immersion machines.

About CleanSpark
CleanSpark (Nasdaq: CLSK), America’s Bitcoin Miner®, is a market-leading, pure play Bitcoin miner with a proven track record of success. We own and operate a portfolio of mining facilities across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our mining facilities to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by securing the most important finite, global asset – Bitcoin – positions us to prosper in an ever-changing world. Visit our website at www.cleanspark.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: completion and performance of Jackson, Tennessee, Cheyenne, Wyoming, and Twin City, Georgia data centers; anticipated additions and targets to CleanSpark’s hashrate and the timing thereof; the risk that the electrical power available to our facilities does not increase as expected; the success of its digital currency mining activities; the volatile and unpredictable cycles in the emerging and evolving industries in which we operate; increasing difficulty rates for bitcoin mining; bitcoin halving; new or additional governmental regulation; the anticipated delivery dates of new miners; the ability to successfully deploy new miners; the dependency on utility rate structures and government incentive programs; dependency on third-party power providers for expansion efforts; the expectations of future revenue growth may not be realized; and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2023, and any subsequent filings with the SEC. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.

Investor Relations Contact 
Barbara Domingo
702-989-7693
ir@cleanspark.com

Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com

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SOURCE CleanSpark, Inc.

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DUBAI, UAE, Feb. 4, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, redefines the ecosystem experience at the heart of MENA’s Web3 hub with the first brick and mortar Bybit Crypto Ark Experience Store. At the exclusive opening event on Jan. 17 at the Bybit headquarters, the brand new space was unveiled to the global crypto community.

A New Chapter in Ecosystem-Driven Innovation
Welcoming diverse members of the crypto ecosystem, Bybit gave over 100 attendees a glimpse of Web3’s future through an immersive experience at Bybit’s famed Crypto Ark. The guests were treated to an evening of inspiring conversations and crypto innovations. Panels and pitches captured the latest trends and revolutionary solutions in crypto, featuring prominent guest speakers and founders from The Crypto Hub, Tiny Trader, the storied Ghaf Capital, PWR Chain, Griffin AI, Moonring, Dragon Fram, among others.

Speakers from Bybit also opened up with a deep dive into the platform, showcasing the advanced products and features most popular among its users. The rapid-fire session provided visitors with an overview of Bybit’s comprehensive offerings, from wealth management, institutional solutions, VIP programs, to Web3 product innovation, all within an hour.

To The Heart of Innovation at the Crypto Ark
The new hub of blockchain and crypto innovation spans an impressive 16,000 sq. ft. at Dubai‘s CBD, fully dedicated to community building and the BUIDL ethos of the Web3 generation. It manifests Bybit’s vision to create an open space for dialogues both on-chain and in real life, driving forward blockchain innovation through collaborations and trust.

“We welcome everyone who shares our passion for crypto and a smart-contract-enabled future, and it would be the highest honor to see changes materialize at the Bybit headquarters,” said Michelle D, UAE Country Manager at Bybit. “An ecosystem only thrives on a diverse supply chain of resources and talent. The Bybit’s Crypto Ark Experience Store provides traders with a space to explore and experience Bybit products, while offering builders a platform to test their ideas and turn their dreams into reality.”

Bybit is committed to creating real-world impact with the global crypto community, and its door is open to entrepreneurs, traders, and blockchain technology enthusiasts who are looking for an intellectual home and creative space. Find out more about the the Bybit Crypto Ark Experience Store and stay tuned for future events: Application Form.

#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

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SOURCE Bybit

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WENZHOU, China, Jan. 31, 2025 /PRNewswire/ — ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZK International” or the “Company”), is pleased to announce that its subsidiary, xSigma Corp., continues its commitment to technological advancements by planning the launch of xSigma Wallet, a next-generation crypto banking wallet that will enable users to seamlessly buy memecoins and cryptocurrencies using Visa / Mastercard credit cards, Apple Pay, PayPal, and Google Pay.

As part of this initiative, xSigma Wallet will also introduce its own xSigma Visa credit card, allowing users to top up their balance with crypto, providing greater accessibility and flexibility for digital asset holders.

A FinTech Platform Built for Security & Convenience

xSigma Wallet will be regulated in the U.S. and serve customers in over 170 countries, ensuring compliance with financial regulations while providing users with a secure and trusted digital asset experience. The wallet is being developed by the xSigma team, with regulated financial services provided by a white-label provider.

Key Features of xSigma Wallet:

• Buy Crypto & Memecoins – Users can purchase popular cryptocurrencies instantly with credit cards and Apple Pay.
• xSigma Visa Credit Card – A crypto-backed Visa card, enabling users to spend their digital assets easily.
• Secure & Regulated – Registered in the U.S., ensuring a compliant financial framework.
• White-Labeled Platform – Designed to be branded and operated under xSigma’s ecosystem.
• Non-Custodial Storage – xSigma will offer a secure, non-custodial way to store memecoins and major cryptocurrencies.
• On-Ramp Services – The wallet will provide simple fiat-to-crypto on-ramp services, allowing users to buy memecoins with minimal effort.
• Strategic Partnerships – xSigma plans to partner with various memecoins to become their official on-ramping partner.

Strong Market Demand for Memecoins & On-Ramp Services

The recent traction of Trump’s memecoin and Moonshot, a competing app that processed a record-breaking $400 million in trading volume on day one, indicates a strong demand for seamless on-ramp services for assets like memecoins. xSigma Wallet aims to meet this growing need by offering a frictionless and compliant way to purchase, store, and spend digital assets.

“At xSigma, we are committed to driving innovation in the digital asset space,” said Mr. Huang Jiancong, Chairman of ZK International. “The launch of xSigma Wallet is a major step forward in providing users with a secure, regulated, and user-friendly way to engage with cryptocurrencies and memecoins. As the market evolves, we aim to set the standard for compliant and seamless on-ramp solutions.”

Looking Ahead

The launch of xSigma Wallet represents another milestone in xSigma Corp.’s strategy to stay relevant in blockchain innovation and the digital infrastructure of tomorrow. More details, including launch dates and platform availability, will be announced in the coming months.

For more information please visit www.ZKInternationalGroup.com. Additionally, please follow the Company on Twitter, Facebook, YouTube, and Weibo. For further information on the Company’s SEC filings please visit www.sec.gov.

About xSigma Corp.

xSigma Corp. is a blockchain R&D lab and a subsidiary of ZK International Group Co., Ltd. (Nasdaq: ZKIN). The company focuses on decentralized finance (DeFi), blockchain-based payments, and financial technology innovations.

About ZK International Group Co., Ltd.:

ZK International Group Co., Ltd. is a China-based engineering company building and investing in innovative technologies for the modern world. With a focus on designing and implementing next-generation solutions through industrial, environmental and software engineering, ZKIN owns 28 patents, 21 trademarks, 2 Technical Achievement Awards, and 10 National and Industry Standard Awards. 

ZKIN’s core business is to engineer and manufacture patented high-performance stainless steel and carbon steel pipe products that effectively deliver high quality, highly-sustainable and environmentally sound drinkable water to the Chinese, Asia and European markets.  ZK International is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee.  It has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the “Water Cube” and “Bird’s Nest”, which were venues for the 2008 Beijing Olympics.  ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which has been stated to be 70% unfit for human contact.  

Safe Harbor Statement 

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and many of which are beyond the control of ZK International.  Actual results may differ from those projected in the forward-looking statements due to risks and uncertainties, as well as other risk factors that are included in the Company’s filings with the U.S. Securities and Exchange Commission. Although ZK International believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized.  In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by ZK International or any other person that their objectives or plans will be achieved. ZK International does not undertake any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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SOURCE ZK International Group Co., Ltd.

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