NICOSIA, Cyprus, Dec. 26, 2024 /PRNewswire/ — BC.GAME has launched its latest slot game, Wukong, inspired by the highly acclaimed Black Myth: Wukong, a groundbreaking AAA game that has captivated players worldwide. Officially released on December 24, this 6-reel, 5-row slot game allows players to experience the essence of Wukong’s legendary journey while aiming for rewards of up to 10,000 times their bet.

The game incorporates iconic symbols and elements from Black Myth: Wukong, such as the Ruyi staff, gourd bottles, and treasure pearls, designed to recreate the mythical atmosphere of the original story. The addition of the Sticky Symbols feature enhances gameplay by keeping special symbols locked in place during free spins, significantly increasing the chances of winning and unlocking larger rewards.

Dark Visual Design and Storytelling Behind Wukong

The visual design of Wukong draws from traditional Chinese art styles, blending elements from Journey to the West. The reels are filled with recognizable symbols like the Ruyi staff, gourd bottles, and treasure pearls. These symbols immerse players in the mythical world of the story, faithfully recreating key moments from the novel, such as Sun Wukong’s havoc in Heaven and his encounters with the White Bone Demon.

The game’s background is rooted in Journey to the West, where Sun Wukong embarks on a journey with the monk Tang Seng and his companions to obtain sacred scriptures. Each detail of the game is carefully crafted to bring this legendary tale to life, offering a unique gaming experience and a tribute to Chinese culture and mythology.

Key Features of the Wukong Slot Game:

Free Spins and Bonus Opportunities: Triggering free spins unlocks additional reward mechanisms, increasing the chances of landing big wins.

Sticky Symbols Feature: Special symbols remain in place during free spins, greatly enhancing winning potential.

Up to 10,000x Max Win: The game offers a maximum payout of up to 10,000 times the bet, providing significant winning opportunities.

“Wukong is not just about spinning reels; it’s about experiencing a rich part of Chinese culture. We’ve worked hard to ensure the game is stunning and fun and engaging for players, with layers of features that add excitement. We’re proud to offer a game that blends storytelling with gameplay, and we think players will love the journey through Wukong’s legendary world,” Jack Dorset, CEO of BC.GAME said.

About BC.GAME

BC.GAME is a leading online gaming platform that integrates blockchain technology and cryptocurrency into its casino games, by offering a secure, transparent, and decentralized experience, BC.GAME allows players to enjoy a variety of gaming options, including slots, table games, and live casino offerings. The platform is dedicated to providing players with exciting, fair, and innovative ways to engage with the world of gaming. citing, fair, and innovative ways to engage with the world of gaming.

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DUBAI, UAE, Dec. 24, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange, debuted at the Taipei Blockchain Week Dec. 12 to 14, 2024, spotlighting the vibrant Web3 innovations on its platform alongside a dynamic roster of its strategic Layer 1 ecosystem partners.

Featuring side events in collaboration with the Solana Foundation, the Sui Foundation, and a dazzling lineup of multichain projects, Bybit Web3 dedicated the Taipei tour to building up communities and deepening connections with Web3 ecosystem partners. The Bybit delegation also took the stage to uncover the latest insights on Web3, building with a purpose, and the future of blockchain utilities and DeFi.

Purpose, Innovation, and Partnerships

Representing Bybit at the conference were MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3, and Angela Huang, Bybit VIP Relationship Manager, at various panels.

Expanding on blockchain technology’s potential in building better realities for all, Chin joined as a panellist in the session Marketing Web3: Strategies to Engage and Onboard the Next Billion Users. Chin shared learnings and actionable insights from the Bybit-supported Blockchain for Good initiative (BGA), elaborating on both real-world utilities of blockchain technologies and the trickling down of benefits to grassroot communities.

Meanwhile, Angela Huang moderated three sessions closely tied to Bybit’s mission, steering conversations on crucial industry topics:

• The panel Bridging TradFi and DeFi: The Exchange’s Role in User Onboarding on Dec. 12 examined how exchanges could elevate access to the digital economy for users at scale.
• On Dec. 13, Networked Intelligence: The Rise of Decentralized AI explored the intersection of blockchain and AI, showcasing their potential to transform and democratize finance.
• The Building for Impact: How Female Founders Drive Purpose-Driven Innovation panel on Dec. 14 highlighted the evolving role of women leaders in driving solution-oriented innovation.

Another highlight at the event was amplified globally via Bybit Livestream. Collaborating with the Sui Foundation, Ondo, DeepBook, Scallop, NAVI, and other leading projects, Bybit Web3 led a critical debate on the future of Sui’s growth strategy: Sui Ecosystem Showdown: Mass Adoption vs. Native Growth. Hosted by Emily Bao, Head of Web3 and Spot at Bybit, the livestream attracted over 6,500 viewers live at the Taipei Blockchain Week and globally on Dec. 13.

Deepening Bonds: Key Web3 Ecosystems and Communities

Bybit Web3 brought the local community closer to its world-class ecosystem partners with engaging community events, co-hosting Taiwan DeFi Flow with Sui and Scallop on Dec. 12, and Solana Ecosystem Taipei Greetings with the Solana Foundation and Solar with the support of Orderly Network, Zetachain, Jupiter, and Sonic, on Dec. 14. Through collaborations and innovation, Bybit Web3 opens up new on-chain possibilities for partners and stakeholders to expand the Web3 universe.

These relaxed evening gatherings provided a convivial backdrop for like-minded builders and entrepreneurs to network, exchange ideas, and celebrate their shared enthusiasm for DeFi and dApps in Asia’s growing Web3 innovation hub.

“It’s been an incredible experience connecting with the builders, believers, users, creators, and supporters driving innovation on Solana and Sui. These moments remind us of the heart and spirit of Web3—a vibrant ecosystem shaped by collaboration and shared vision. I’m deeply proud to witness this growth, grateful for every connection made, and excited for the road ahead,” said MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3.

“Taipei Blockchain Week showcased the immense growth and potential of Web3 innovation in Asia. Representing Bybit, I had the honor to collaborate with industry leaders to explore Web3’s limitless possibilities, from DeFi and AI to real-world applications. Together, we are shaping a more inclusive global crypto community,” said Angela Huang, Bybit VIP Relationship Manager.

In the past year, Bybit has seen exponential growth in its user base, surging to over 60 million by the end of 2024. It has also invested in vertical growth through community engagements across the world. Connected by the passion for the future of crypto, blockchain, and Web3, the Bybit family is on track to building an inclusive and sustainable path to growth for the industry.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

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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SUZHOU, China, Dec. 23, 2024 /PRNewswire/ — GCL Energy Technology Co., Ltd., a leader in the clean energy sector, and Ant Digital Technologies, a pioneer in digital technology services and blockchain technology, have achieved a significant milestone by successfully completing the first-ever Real World Asset Tokenization (RWA) issuance in China’s photovoltaic industry, securing 200 million yuan in cross-border financing. The groundbreaking initiative on December 23 not only injects substantial new capital into GCL Energy Technology’s ambitious growth plans but also establishes a novel financing model for Chinese photovoltaic companies seeking to fund green projects internationally.

RWA represents a transformative approach to asset management, where physical assets are digitized as tokens on the blockchain, enhancing liquidity and market accessibility. For this inaugural issuance, GCL Energy Technology has tokenized two strategically significant solar power plants in Hunan and Hubei, with a combined capacity of approximately 82MW, to spearhead this new financing frontier.

As the core entity of China’s largest private power conglomerate, GCL (Group) Holdings Co., Ltd., GCL Energy Technology is at the forefront of integrating clean energy production with comprehensive energy services and advanced digital operations. The company has significantly expanded its renewable energy footprint, with its total installed capacity reaching 5976.36 megawatts as of September 30, 2024, and renewable sources constituting 57.81% of this capacity. Notably, under the GCL SUN brand, residential photovoltaic installations have surged to 1105.89 megawatts across more than 36,500 households, demonstrating robust growth.

This RWA initiative is a cornerstone in GCL Energy Technology’s strategy to harness data for asset valorization, involving around 3000 residential photovoltaic systems. By integrating cutting-edge artificial intelligence, blockchain, and IoT technologies, the project packages and stores operational and revenue data on the blockchain. This dual-chain and one-bridge architecture has garnered strong backing from prominent global investors, reinforcing RWA’s role as a pivotal green finance tool that underscores the company’s commitment to sustainable development and transparency.

The move not only bolsters GCL Energy Technology’s global ESG credentials but also strengthens its position in the international market, aligning investor interests with the burgeoning demand for environmentally responsible, low-carbon investments. Looking ahead, GCL Energy Technology remains dedicated to leading the charge in renewable energy, with a strategic focus on leveraging data to drive innovation across the sector and foster a transparent, effective ESG ecosystem.

During the issuance event, Ant Digital Technologies emphasized that industries are increasingly adopting renewable energy and sustainable assets to drive sustainable growth, and its partnership with GCL Energy Technology aims to better support this trend. Leveraging blockchain and smart contract technologies, the collaboration has dramatically improved the transparency and efficiency of asset management, operations, and transactions, while also reducing costs associated with these activities. The strategic alliance is a response to the growing market demand in the photovoltaic sector, bringing substantial practical benefits to the real economy and demonstrating the scalability of these advanced technologies.

At the same event, strategic ties were further cemented with a comprehensive partnership agreement signed with Ant Digital Technologies in Suzhou. The partnership will broaden to include joint construction, acquisition, and securitization of new energy assets, covering distributed, commercial, industrial, and residential photovoltaic power stations.

In addition, both parties will collaborate to develop AI large model applications for various scenarios including new energy generation forecasting, energy management optimization, and intelligent operations, driving the industry’s move towards enhanced intelligence and sustainability.

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A new survey highlights an alarming trend: crypto hedge funds are struggling to access basic banking services. The findings, released by the Alternative Investment Management Association (AIMA) in its report The Debanking Dilemma, reveal that three-quarters of the 160 crypto hedge funds surveyed reported significant banking challenges over the past three years. In stark contrast, none of the 20 traditional hedge funds surveyed experienced similar issues.

This stark disparity raises questions about potential targeting of the cryptocurrency sector, sparking outrage and demands for clarity within the industry.

Operation Chokepoint 2.0 in Action

The term “Operation Chokepoint 2.0” has gained traction as crypto hedge funds and related businesses face growing barriers to financial services. This phenomenon draws parallels to the original “Operation Choke Point,” a controversial regulatory program initiated in 2013 by the U.S. Department of Justice.

The original Operation Choke Point aimed to limit banking access for industries deemed “high risk,” such as payday lenders and ammunition merchants. Though largely inactive by 2017, the regulatory strategy has seemingly been revived, this time targeting cryptocurrency.

According to a 2023 report by law firm Cooper & Kirk, the Office of the Comptroller of the Currency (OCC) initiated the first wave of Operation Chokepoint 2.0 in late 2021, issuing guidance that curtailed banks’ involvement with cryptocurrency businesses.

Industry Leaders Call for Transparency

The crypto industry is fighting back. Paul Grewal, Chief Legal Officer at Coinbase (NASDAQ:COIN), voiced his frustration on X, formerly Twitter, stating, “Why would three-quarters of crypto hedge funds report issues with basic banking services over three years when zero were reported by other hedge funds? We need answers, now.”

Coinbase, one of the largest cryptocurrency exchanges, has taken an active role in challenging these regulatory practices, calling for fair treatment and transparency.

A Divided Political Landscape

As regulatory pressures mount, the upcoming U.S. presidential election could play a pivotal role in determining the future of Operation Chokepoint 2.0. Pro-crypto voices, including Donald Trump, have vowed to end the practice if elected.

During his keynote at the Bitcoin Conference in July, Trump declared, “I will immediately shut down Operation Chokepoint 2.0. They want to choke you out of business, and we’re not going to let that happen.”

Meanwhile, the Biden administration continues to support enhanced oversight of the crypto sector, citing concerns over fraud, money laundering, and systemic risk.

The Road Ahead for Crypto Hedge Funds

The survey findings underscore the urgent need for dialogue between the crypto industry, regulators, and policymakers. Without access to reliable banking services, crypto hedge funds may face operational difficulties that hinder growth and innovation.

For crypto hedge funds, building relationships with alternative financial service providers and advocating for regulatory clarity may be key strategies to navigate these challenges. As the industry grows, the demand for equitable banking services remains a central concern.

The crypto industry’s ability to overcome these obstacles will likely depend on how effectively it can unify its voice to demand change and counter the effects of Operation Chokepoint 2.0.

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As President-elect Donald Trump prepares to take office on January 20, 2025, the cryptocurrency industry is eagerly awaiting his promised crypto policy overhaul. Industry insiders are hoping Trump will use his first day in office to issue a series of executive orders that would dramatically reshape the regulatory landscape for cryptocurrencies. These orders could lay the groundwork for a new era of crypto regulations, including measures to mainstream digital currencies like Bitcoin (BTC).

The Push for Crypto Regulations Reform

During his campaign, Trump made bold promises to become the “crypto president,” signaling his intent to foster growth within the cryptocurrency industry. As the US crypto industry faces regulatory uncertainty under the Biden administration, the push for reform has grown louder. Companies and stakeholders are now urging Trump to deliver on his campaign promise by signing executive orders that would introduce key changes to the industry’s structure.

The primary goals are clear: creating a national Bitcoin stockpile, providing easier access to banking for crypto companies, and establishing a dedicated crypto council to ensure smooth industry operations. These initiatives, if realized, would serve as a foundational shift in how cryptocurrencies are integrated into the broader financial ecosystem.

Bitcoin Stockpile and Banking Access

Among the most anticipated changes is Trump’s proposed Bitcoin stockpile. The idea of creating a strategic reserve of Bitcoin has been gaining traction, with industry groups like the Bitcoin Policy Institute drafting a potential executive order to make this a reality. The draft order suggests that Bitcoin should be designated as a strategic asset, with the Treasury Secretary tasked with purchasing $21 billion worth of Bitcoin over a year to build a national reserve.

This move would position the United States as a global leader in the cryptocurrency space, countering the rise of rival nations like China and Russia, which have also been exploring state-backed crypto reserves. According to Zack Shapiro, the Bitcoin Policy Institute’s head of policy, this initiative would ensure the US is well-positioned to capitalize on Bitcoin’s potential without falling behind its geopolitical competitors.

Additionally, many crypto companies have long struggled to gain access to banking services due to regulatory concerns. Trump’s campaign rhetoric suggested he would take action to address these challenges. Crypto executives are hopeful that one of the first executive orders will ease restrictions on banks, allowing them to work with crypto firms more freely. While some experts warn that an executive order may not immediately change federal bank regulators’ stance, it would provide important political cover for banks considering partnerships with crypto companies.

Creation of a Crypto Industry Council

Another major expectation from the crypto industry is the creation of a crypto council. Similar to past administrations’ creation of specialized councils for specific industries, this council would focus on issues related to cryptocurrency, helping shape regulatory frameworks and streamline industry development. The council would provide a platform for stakeholders to collaborate with the government on the future of crypto regulations.

In his efforts to modernize the financial system, Trump may look to implement an executive order that revisits and redefines existing crypto regulations. According to financial expert Jonah Krane, it is possible that Trump will issue a directive urging agencies to review and update their rules to better suit the rapidly evolving crypto industry. This move would provide a clearer regulatory environment for crypto firms to operate in, potentially fostering greater innovation and investment.

Expectations for Trump’s Crypto Regulations

The cryptocurrency industry is optimistic about the potential for regulatory changes under a Trump administration. However, some executives caution that immediate, sweeping changes may be unlikely, as many regulations are shaped by independent agencies. Nevertheless, Trump’s administration could provide essential direction on crypto regulations and offer a roadmap for future legislative efforts.

In the coming months, the crypto community will be closely watching as President Trump takes office and begins to fulfill his promises of becoming a champion for digital currencies. The anticipation surrounding potential executive orders on day one is high, and many within the industry hope that Trump will make good on his campaign commitment to position the US as a leader in the global crypto space.

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