1. BITBILIHome
  2. Article

Bybit’s AED 1M AUS scholarship boosts UAE influence

• 178 views

TL;DR Breakdown

  • Bybit, a global crypto exchange, has partnered with the American University of Sharjah (AUS) to advance crypto adoption in the UAE.
  • Bybit is setting up an AED 1,000,000 scholarship fund for 20 students, focusing on fintech and blockchain disciplines at AUS.
  • An additional AED 100,000 is pledged for the inaugural AUS-Bybit Inter-College Hackathon.

Bybit, one of the global leaders in the crypto exchange space, has inked a significant partnership with the American University of Sharjah (AUS), signaling a notable commitment to advancing crypto adoption in the UAE.

The signing of a Memorandum of Understanding in Sharjah marks the birth of this landmark collaboration.

Bybit bridging academia and Fintech

Bybit is not just dipping its toes into academia; it’s diving in headfirst. The crypto exchange is pledging an impressive AED 1,000,000 to establish a scholarship fund with AUS.

This initiative will support 20 chosen students in their pursuit of fintech and blockchain expertise. Starting this fall, selected scholars from computer science and engineering programs will be the inaugural beneficiaries of the Bybit Scholarship.

This partnership also extends to broader initiatives, which include an additional AED 100,000 sponsorship for the inaugural AUS-Bybit Inter-College Hackathon. This competition will take place during the 2023-2024 academic year, right on the grounds of the AUS College of Engineering.

The UAE is fully embracing the potential of digital currencies. It has identified crypto as a significant player for UAE trade, and the steadily rising number of crypto companies—over 772 in Dubai alone—is testament to this recognition.

This enthusiasm indicates the UAE’s intent to become a hotbed of innovation in the digital assets industry, thereby increasing the demand for blockchain experts.

Chancellor of AUS, Dr. Susan Mumm, underscored the importance of this partnership. She highlighted how AUS’s reputation as an educational beacon is partly due to its robust industry links.

Collaborating with Bybit aligns with AUS’s mission to bridge industry and academia, arming students with technical knowledge to stay at the forefront of the ever-evolving crypto and blockchain landscape.

Bybit’s co-founder and CEO, Ben Zhou, shared his optimism about this collaboration. He believes that younger generations are pivotal to advancing the blockchain revolution.

By establishing the Bybit Scholarship at AUS, they are assisting talented students in equipping themselves for the future of the industry.

Zhou expressed gratitude to AUS for the opportunity to raise crypto awareness among students and eagerly awaits the fresh ideas from these future blockchain scientists, engineers, and Web3 startup founders.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Bybit’s AED 1M AUS scholarship boosts UAE influence

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月11日 07:53
Next 2023年6月11日 09:24

Related articles

  • Sotheby’s auction nets $10.9M from confiscated NFT artwork

    TL;DR Breakdown In a second auction, Sotheby’s sold $10.9 million in NFTs from insolvent hedge fund Three Arrows Capital. The Goose for $6.2 million, Kyle Davies, co-founder of 3AC, bought it in August 2021 for about 1,800 ETH, or about $5.8 million. Sotheby’s completed a second auction of non-fungible token (NFT) artwork from bankrupt hedge fund Three Arrows Capital, generating over $10.9 million in sales. The collection, featuring works by renowned generative artists, saw high-profile sales, including “The Goose” by Dmitri Cherniak, which sold for $6.2 million. “The Goose” NFT sells for $6.2m in heated bidding A second auction of non-fungible token (NFT) artwork confiscated from the insolvent cryptocurrency hedge fund Three Arrows Capital (3AC) was completed by Sotheby’s on Thursday, netting over $10.9 million in sales. The “Grails” collection was represented at the live auction in New York. There were 37 pieces by generative artists, including Dmitri Cherniak, Tyler Hobbs, Jeff Davis, and others. The Ringers #879 by Dmitri Cherniak, sometimes known as “The Goose” due to its likeness to the bird, was one of the highlights of this…

    Article 2023年6月19日

  • Gemini responds to SEC lawsuit, calling for dismissal of allegations

    TL;DR Breakdown Cryptocurrency exchange Gemini responds to SEC lawsuit by filing a reply brief, seeking the dismissal of allegations regarding unregistered securities in its Gemini Earn service. Gemini’s defense questions SEC’s failure to provide key details about alleged securities, emphasizing adherence to legal principles and the Securities Act’s plain language. Description Cryptocurrency exchange Gemini has filed a reply brief in the U.S. District Court for the Southern District of New York, seeking to dismiss a lawsuit brought against it by the United States Securities and Exchange Commission (SEC). The lawsuit alleges that Gemini’s service, known as Gemini Earn, breached securities regulations by offering unregistered securities. Gemini’s … Read more Cryptocurrency exchange Gemini has filed a reply brief in the U.S. District Court for the Southern District of New York, seeking to dismiss a lawsuit brought against it by the United States Securities and Exchange Commission (SEC). The lawsuit alleges that Gemini’s service, known as Gemini Earn, breached securities regulations by offering unregistered securities. Gemini’s forceful defense Gemini’s legal team, represented by JFB LEGAL, PLLC, and SHEARMAN & STERLING LLP, mounted…

    Article 2023年8月21日

  • Binance seeks court injunction against SEC’s extensive probes

    TL;DR Breakdown Binance has sought a protective injunction against the SEC’s investigative actions in court. The SEC’s discovery requests and deposition summons on August 14 have caused concern in the crypto sector. Binance reveals the SEC’s demands to disclose conversations from November 2022 on various topics. Description Binance, the leading cryptocurrency exchange, has approached the court for a protective injunction. This move directly responds to what Binance labels a “fishing expedition” by the Securities and Exchange Commission (SEC). Significantly, the SEC’s discovery requests and deposition summons, dated August 14, have raised eyebrows in the crypto community. Binance emphasized its commitment to transparency, … Read more Binance, the leading cryptocurrency exchange, has approached the court for a protective injunction. This move directly responds to what Binance labels a “fishing expedition” by the Securities and Exchange Commission (SEC). Significantly, the SEC’s discovery requests and deposition summons, dated August 14, have raised eyebrows in the crypto community. Binance emphasized its commitment to transparency, highlighting that “BAM has worked in good faith.” However, the SEC seems to hold a different view. The regulatory body…

    Article 2023年8月15日

  • CIA thinks the U.S. should get away from China quick

    TL;DR Breakdown The CIA Director calls for the United States to reduce dependence on China by diversifying its supply chains, not fully decoupling. Near-miss military incidents have escalated tensions between the U.S. and China. The U.S. and China’s economic rivalry and differing political views intensify conflicts, especially regarding Taiwan’s status and South China Sea territories. Description The symbiotic relationship between the United States and China has always been a towering edifice of economic interdependence. However, as tremors of discord continue to shake this global monolith, the Central Intelligence Agency (CIA) sounds the alarm. Their message? The U.S. needs to develop an exit strategy— and fast. A call for supply chain diversification … Read more The symbiotic relationship between the United States and China has always been a towering edifice of economic interdependence. However, as tremors of discord continue to shake this global monolith, the Central Intelligence Agency (CIA) sounds the alarm. Their message? The U.S. needs to develop an exit strategy— and fast. A call for supply chain diversification between U.S. and China While speaking at a lecture in Oxfordshire,…

    Article 2023年7月4日

  • Ethereum Client Nimbus Releases Pruning Update Following Vitalik Buterin’s Roadmap Revision

    TL;DR Breakdown Ethereum client Nimbus has released the v23.5.1 update, focusing on incremental pruning and improved compatibility, in response to Vitalik Buterin’s roadmap revision. Pruning allows nodes to save disk space by erasing older data, promoting scalability and decentralization. The update also includes other enhancements and prepares for the upcoming Capella hard fork in the Gnosis network. Ethereum consensus layer client Nimbus has announced the release of the v23.5.1 update, mainly focusing on improving compatibility and introducing support for incremental pruning in response to the recent changes made to the Ethereum Roadmap by co-founder Vitalik Buterin. This medium-urgency update targets validators, clients, and node operators, aiming to enhance the overall performance of the ETH network. Pruning is a process that involves erasing older data to optimize disk space utilization. By implementing incremental pruning, Ethereum clients can efficiently manage their storage needs while still maintaining the necessary historical data required for network operations. Although the –history: prune option is not enabled by default in the current release, Nimbus encourages users to test it in non-production environments, as it will be enabled…

    Article 2023年5月22日
TOP