Technology

Avenir CRYPTO’s US$500 Million Investment Set to Drive Global Crypto Quant Leadership and Bolster Technological Innovation

Published

6 hours ago

November 22, 2024

Co-hosted with Deribit, LTP and Paradigm, the Avenir CRYPTO’s Flagship Event in Singapore Highlighted Technology’s Role in Addressing Liquidity Challenges Amidst Bitcoin’s Near All-Time High Surge

SINGAPORE, Nov. 22, 2024 /PRNewswire/ — Avenir CRYPTO, the digital asset division of Avenir GROUP, convened industry leaders at the Singapore chapter of its flagship Future Boundless event series – a premium platform where great minds sparks ideas that drive changes in crypto. Co-hosted with leading institutions Deribit, Paradigm, and LTP, the event underscored the critical importance of advanced technology in addressing market fragmentation and enhancing trading efficiency in the cryptocurrency sector.

Building on the US$500 million Avenir Crypto Partnership Program announced in September, the event reinforced Avenir CRYPTO’s vision of supporting high-performing quantitative trading teams globally. The initiative focuses on advancing financial innovation and technological empowerment as cornerstones of its investment strategy.

“This series reflects Avenir CRYPTO’s commitment to fostering global collaboration and innovation in the rapidly evolving crypto ecosystem,” shared Jason Lan, CEO of Avenir CRYPTO. “With a committed pool of 200 million USDT, 3,000 Bitcoin, and 50,000 Ethereum, we’ve already partnered with top trading teams worldwide. Our decade of experience and unmatched risk management are the pillars that are driving fintech innovation and paving the way for crypto assets to achieve mainstream adoption.”

Driving Technological Leadership Through Collaboration

The event showcased a focus on technological advancement, with a panel discussion addressing critical market challenges, including fragmentation, liquidity dispersion, and latency issues. Moderated by William Lin, Quant Trading Specialist at Avenir CRYPTO, the panel included: Anand Gomes, CEO of Paradigm, Ethan Wang, CEO Hong Kong of LTP, Jerry Shea, Head of APAC at Chronicle Software, and Robert Ljubicic, a low-latency eTrading expert.

Panellists highlighted the pivotal role of technology in the trading environment. With Bitcoin approaching all-time highs and a surge in volatility driven by macroeconomic factors, the promise of enhanced market liquidity and institutional adoption has reinvigorated interest in the crypto ecosystem. However, fragmented markets and scattered liquidity across independent exchanges complicates trade and introduces latency in this 24/7 market, which necessitates advanced technologies to strategically maintain effectiveness.

Ethan Wang, CEO of LTP Hong Kong noted, “Liquidity profiles serve as the foundation for understanding the dynamics of digital asset markets. Through our extensive work with institutions across diverse digital asset exchanges, we’ve observed how critical factors — such as trading volume, fees, spreads, market depth, and execution latencies — shape effective trading strategies. As market fragmentation accelerates, leveraging advanced technology and seamless cross-exchange solutions has become indispensable for staying competitive and driving success.”

“Paradigm was born from the need to address the fragmentation in cryptocurrency markets, where accessing liquidity for large and complex trades was a challenge. Each exchange had its own standards, and the market was built from the ground up without any unified approach. Our solution was to create an OTC marketplace where size, price, and immediacy were the key pillars, enabling institutions to access liquidity on-demand with a single click,” highlighted Anand Gomes, Co-Founder & CEO of Paradigm.

“Low-latency processing of large quantities of orders is absolutely critical for options platforms like Deribit. This is why we invest heavily in our state-of-the-art, dedicated hardware setup and best-in-class software solutions, ensuring our systems remain reliable, efficient, and competitive in today’s fast-paced crypto trading environment,” mentioned Luuk Strijers, CEO of Deribit.

As Avenir Group expands its global footprint, it remains committed to advancing future-forward technologies through strategic industry collaboration, driving broader adoption of digital assets. Through its Future Boundless series, Avenir CRYPTO reinforces its position as a thought leader, spearheading technological innovation in the global crypto ecosystem.

About Avenir GROUP

Inspired by the French word for “a better future,” Avenir GROUP is a pioneering institutionalised family office and investment management group dedicated to investing in emerging technologies through financial technology innovation. With a global footprint in the United States, the United Kingdom, Japan, Singapore and Hong Kong, Avenir GROUP engages in an extensive range of multi-asset class, multi-strategy investments in both traditional financial and digital asset sectors. Avenir GROUP strives to maintain a leading position in the industry with deep insights and excellence in the Web3 and digital asset space.

About Avenir CRYPTO Partnership Program

The Avenir CRYPTO Partnership Program is a US$500 million initiative dedicated to empowering high-performing quantitative trading teams worldwide. Offering flexible funding options across USD, BTC, and ETH, the program is designed to foster collaboration, drive financial innovation, and leverage advanced technology to address critical challenges in the crypto sector. The program underscores Avenir CRYPTO’s commitment to shaping a more efficient, resilient, and technology-driven trading ecosystem. To be part of the program, please contact: partners@avenir.hk.

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SOURCE Avenir CRYPTO

Technology

Africa Exclusive: Bybit Promotes Crypto Education with P2P Security Webinar

Published

54 minutes ago

November 22, 2024

DUBAI, UAE, Nov. 22, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, sets out to raise awareness of P2P security and to equip users with the latest anti-fraud knowledge and tools in a new learn and earn event exclusively for users in Africa. Hosting a P2P security Webinar on Nov. 25, Bybit P2P will also be announcing a prize pool valued at 10,000 USDT for a new Africa-exclusive deposit event.

P2P Security Webinar
On Nov. 25, the live webinar on P2P security will be broadcast in the Bybit Africa Telegram group from 7 to 9PM UTC. Attendees may benefit from a comprehensive session on tips and the latest know-how on asset safety and counterparty risks. The free webinar will cover the following topics:

Fraud detection: users will learn about signs of common scams and steps to verify payment authenticity.Staying safe with Bybit P2P: users get to discover Bybit’s security tools and the latest features to combat fraudulent attempts.Trading with confidence: users will gain practical advice and practical tips on how to trade safely.

The floor will be open for a live Q&A session after the sharing by Bybit P2P experts. Ahead of the webinar, attendees are invited to submit questions and the lucky ones will win 10 USDT if their questions are chosen by the speakers.

10,000 USDT Rewards for First-Time Deposits
From Nov. 25 to Dec. 15, 2024, new users who successfully sign up for a Bybit account and complete Identity Verification Level 1 may be eligible to share in a 10,000 USDT prize pool reserved for eligible users in Africa only. Users must sign up for the event and make a deposit via Bybit P2P to qualify and win up to 10 USDT, terms and conditions apply.

“Financial fraud is an age-old challenge and users must stay vigilant as scammers and fraudsters evolve. Bybit is constantly investing in our hardware and software to build the necessary guardrails for our platform. It does not take away the importance of user education, however, and we hope through engagements of this kind, we can help elevate the community on a path of growth,” said Joan Han, Sales and Marketing Director at Bybit.

P2P is an organic part of the crypto economy and helps to promote inclusivity in emerging economies. With Bybit P2P, users of all levels may access the user-friendly peer-to-peer trading platform to trade between themselves at an optimal, agreed-upon price. The service minimizes the need for the middleman, improving cost effectiveness while providing exchange-backed platform security.

Find out more about the event and eligibility at Bybit P2P.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 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: 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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Technology

EliTe Solar: Realizing Our Mission and Standing by Our Core Values

Published

54 minutes ago

November 22, 2024

Written by Arndt Lutz, CEO of EliTe Solar

SINGAPORE, Nov. 22, 2024 /CNW/ — EliTe Solar is dedicated to advancing technology with a strong focus on quality, sustainability, and meaningful partnerships. For nearly two decades, EliTe Solar has led the solar industry by adapting to changing market demands and setting standards in customer service and quality as evidenced by third party reviews. The company‘s comprehensive strategy starts with ingots and wafers to cells and modules, supported by a global supply chain. This vertical integration underscores EliTe Solar’s commitment to excellence.

EliTe Solar’s core principles of honesty and transparency drives the company’s growth and actions. By upholding these values, EliTe Solar consistently goes above and beyond for their clients. Open communication is central to their work, fostering trust and loyalty. EliTe Solar ensures their clients are informed every step of the way—from production to customs clearance, and final delivery.

EliTe Solar offers a diverse range of products tailored to different needs. The company’s goal is to optimize module performance and achieve a low Levelized Cost of Electricity (LCOE), delivering lasting value for customers while minimizing costs and environmental impact. This approach supports their partners’ energy goals and contributes to a broader sustainability mission.

EliTe Solar’s supply chain is meticulously designed to meet high standards and market demands. The company sources all materials outside China to ensure traceability from raw material to final product. With ingot and wafer production in Vietnam, cell and module production in Indonesia, and manufacturing in Egypt and soon, the U.S., EliTe Solar maintains compliance and uphold supply chain integrity.

EliTe Solar’s project management expertise sets them apart, especially in challenging environments. Currently, the company is transporting one million solar panels to a remote site in Utah with EV trucking from Hight Mobility, working closely with their client and partners to ensure timely delivery and smooth communication. This demonstrates EliTe Solar’s dedication to reliability and strong partnerships.

EliTe Solar prioritizes inland and ocean transportation management, timely customs clearance, and comprehensive post-sales support to deliver reliability and customer satisfaction.

The company’s commitment to sustainability extends beyond eco-friendly energy options. EliTe Solar actively engages with communities to foster positive social impact. For example, the company recently awarded $50K in scholarships with Utah universities to support future solar industry professionals. This investment in education strengthens the sector’s future and contributes to global sustainability.

In the coming months, EliTe Solar is preparing to expand in Egypt and establish solar cell production in the U.S., creating jobs and reinforcing a dependable supply chain. With a track record of reliable service and top-tier solar technology, the company is proud to have supplied over 10 GW of solar modules worldwide, playing a vital role in the shift to sustainable energy. As EliTe Solar continues to grow, the company’s principles of quality, transparency, and sustainability will guide every member, positioning EliTe Solar as a leader in the global solar industry.

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SOURCE EliTe Solar

Technology

Atomic-6 Secures Development Contract with Starpath Robotics for Deployable Lunar Boom

Published

54 minutes ago

November 22, 2024

ATLANTA, Nov. 22, 2024 /PRNewswire/ — Atomic-6, a leader in advanced composite structures, has signed a development contract with lunar infrastructure company, Starpath Robotics, to create a deployable composite boom for their innovative solar power generation system.

The partnership combines Starpath’s lunar mining and infrastructure expertise with Atomic-6’s proprietary composite manufacturing technology. Starpath’s lunar development program aims to establish robotic mining operations capable of producing hundreds of tons of Liquid Oxygen annually for refueling and space industrial applications, with a path to scale power and production capacity past tens-of-thousands of tons annually.

“The Power Tower’s deployable mast is a challenging component to manufacture,” said Saurav Shroff, CEO of Starpath Robotics. “A stiff, reliable and lightweight mast is important in optimizing power-per-mast and, equally importantly, increasing the visible land area on the Moon that can be serviced by high-data-rate long-range communication systems at the top of the tower. In the not so distant future tens, and then hundreds, and then thousands, of Power Towers establish cislunar capabilities suited for a multiplanetary species. To give a size perspective, the Power Tower will be a colossal structure, equivalent to almost one and a half NBA regulation size basketball courts!”

Atomic-6’s Space Mast™ technology offers 15% higher specific strength than conventional composites, making it ideal for applications requiring high stiffness and minimal weight. The company has demonstrated this capability through successful USAF STTR contracts and its Light Wing™ solar array product line.

Upon conclusion of the contract, Starpath will evaluate the Atomic-6 composite mast’s performance, with the potential for a follow-on contract to build, launch, demonstrate, and rapidly scale advanced deployment systems on the lunar surface, anticipated for 2026. This partnership supports Starpath’s objective to vastly reduce the cost of deep space missions and lay the foundation for a multi planet future, and NASA’s $93B Artemis Program goal of establishing a sustainable human presence on the Moon.

To learn more about Space Mast™ structures, Light Wing™ solar array, other Atomic-6 innovations, and/or submit a Request for Proposal (RFP), please contact our team at sales@atomic-6.com.

About Atomic-6

Atomic-6 is leading the materials revolution by designing, engineering and manufacturing the finest composites in the world. Everything we touch gets lighter, stronger and smarter. Visit our website atomic-6.com or contact us directly to learn more.

About Starpath

Starpath designs and manufactures robotic propellant production factories for the Moon and Mars, reducing the cost of deep space transport, and enabling humans to be a multi planet species.

Media Inquiries

Atomic-6, Inc.

media@atomic-6.com

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SOURCE Atomic-6