Bybit Powers Art in the Metaverse with Art Dubai 2022’s Inaugural Digital Section

DUBAI, United Arab Emirates – Media OutReach – 13 March 2022 – Bybit, the world’s fastest growing cryptocurrency exchange, is pleased to support the digital art chapter of Art Dubai 2022 at Madinat Jumeirah, Dubai. After a three-year break, the global platform for artistic expressions from the Middle East and Global South goes beyond the realms of physical art to empower creatives in the digital dimension in its 15th edition, its most ambitious and extensive to date.b1

Bybit is delighted to welcome Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum into the Bybit universe for our inaugural participation as Lead Partner of Art Dubai 2022 on March 9, 2022

Bybit is the Lead Partner of Art Dubai Digital, a new section of the iconic art fair to bridge between the rapidly-developing crypto-sphere and the international art market.

Bybit and Art Dubai meet at the intersection of digital art forms and human creativity amidst the paradigm shift of our times. Artists and creatives are no strangers to digital innovations and the blurring of boundaries between visions and realities, with roots in digital artistry going back to the 1980s. The global pandemic has accelerated the building of new worlds and the coming together of new artistic communities in the digital space.

The new Art Dubai Digital section brings to life art forms transcending conventional constraints. Showcasing 17 presentations from both traditional galleries and digitally native ones, the digital section gives a voice to emerging artists and market participants, many of whom are first-timers at an international art fair.

Art lovers looking to experience the art or support an artist can join the fair through the Bybit NFT Marketplace, now offering 15 artworks from the participating galleries of Art Dubai.

Art Dubai 2022 also presents Bybit Talks, a new addition to facilitate dialogues between the crypto space and the art world to make crypto, web3 digital practices and NFTs concepts and opportunities more accessible to the public.

Bybit’s presence at Art Dubai 2022 includes a limited run of NFTs at the booth featuring artists and art collectives MIRL (Made in Real Life), Song Ting, Viia Yeon, Maruchef, Hyuck, S.R Innovation Lab, Oscar Oiwa, Yeo Huang Joo, Saule Dyussenbina, Ziyang Wu, Yasuo Nomura, Kevin Heisner and SIM_Moby.

The timely drive for digital art highlights the zeitgeist of a post-pandemic world of mixed realities. The Bybit NFT Marketplace provides an integrated one-stop destination for artists, creators and collectors, to create, and sell or trade on the Ethereum ERC-721 standard through their spot accounts — providing the tools of digital ownership to collectors of all knowledge and skill levels.

“Art Dubai’s admirable work in elevating talent to the global stage, particularly with artists from underrepresented regions, echoes Bybit’s endeavor to democratize next level trading for the broader public. NFTs are one of the new tools to reinvent and rewire the art market, and a new generation of artists and art patrons are drawn to a new parallel world that rewards authenticity and the imaginative minds,” said Igneus Terrenus, Head of Communications at Bybit.

“There are two important legs in the projects. We have galleries from the physical world and galleries that only exist in the metaverse. And to complement these and help understand what they’re going to be showcasing, we have one of the most exciting educational programs today, among them is Bybit Talks by Bybit, the sponsor of the digital section, and the Global Art Forum,” said Pablo del Val, Artistic Director of Art Dubai at the opening address.

“In the last two years, the 3D world lost approximately half a dimension. At the same time, new multiple dimensions have been discovered online. We are now extensions of our devices and this changes everything. It’s the kind of paradigm shift that civilization sees every few 100 years. We’ve been going through these changes arguably for the last 30 years and now in a more and more accelerated manner, evidenced in the mainstreaming of crypto, blockchain technologies and NFTs over just the last year. In the two and a half dimension, digital artifacts and crypto economies are as real or unreal as anything else. And there’s such rapid growth in digital platforms, it’s often difficult to keep track even for seasoned insiders. So the Bybit talks will explore the unknown past and the possible futures of NFT, how our ideas and experiences of media buy change with decentralized institutions, and what kind of values beyond merely the monetary is at stake with these new technologies,” remarked Shumon Basar, Commissioner, Global Art Forum.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is the proud partner of Formula One racing team Oracle Red Bull Racing, esports teams like NAVI, Alliance, Astralis, and Virtus.pro; German soccer club Borussia Dortmund and Japanese soccer club Avispa Fukuoka.

For more information please visit: https://www.bybit.com/

For updates, please follow Bybit’s social media platforms on

https://discord.com/invite/bybit
https://www.facebook.com/Bybit
https://www.instagram.com/bybit_official/
https://www.linkedin.com/company/bybitexchange/
https://www.reddit.com/r/Bybit/
https://t.me/BybitEnglish
https://www.tiktok.com/@bybit_official
https://twitter.com/Bybit_Official
https://www.youtube.com/c/Bybit

About Art Dubai

Founded in 2007, Art Dubai is the premier platform to see and buy modern and contemporary art from the Global South. Featuring Contemporary, Modern and Digital gallery sections, annual artist commissions and year-round collector and education programmes, Art Dubai champions art and artists from across the Global South, providing a relevant and increasingly important alternative to mainstream, largely Western-led narratives.

Art Dubai is held in partnership with A.R.M. Holding. The fair is sponsored by leading Swiss wealth management group, Julius Baer. The Dubai Culture & Arts Authority (Dubai Culture) is the fair’s strategic partner. Bybit is the lead partner of Art Dubai Digital.

Contact:

press@bybit.com

DTM flow Monitoring Registry Dashboard: Non-Yemeni migrant arrivals and Yemeni returnees in February 2022

IOM Yemen DTM’s Flow Monitoring Registry (FMR) monitors migrant arrivals on the southern coastal border and Yemeni return locations on Yemen’s northern border with the Kingdom of Saudi Arabia (KSA). Enumerators placed at Flow Monitoring Points (FMPs) record migrant arrivals and returning Yemeni nationals in order to identify dierent patterns of migration, and to provide quantitative estimates to help define the population of irregular migrants entering the country. FMR is not representative of all flows in Yemen and should be understood as only indicative of migration trends of the unknown total number of migrants arriving in Yemen at FMPs during the time frame indicated.

Access constraints limit the ability to collect data at some migrant arrival points.

In February 2022, IOM Yemen DTM recorded 8,358 migrants entering Yemen, compared to 5,940 migrant arrivals in January 2022. This increase is likely due to improved weather conditions and the deteriorating security situation in Ethiopia.

The Eastern Route, one of the busiest maritime migration routes in the world, witnessed a decrease in migration flows due to COVID19-related movement restrictions. With the recent loosening of restrictions on international movements, there has been a steady increase in the number of migrant arrivals into Yemen.

Due to the deteriorating humanitarian crisis in Yemen and the challenges in moving onwards towards KSA, many migrants have opted to return to the Horn of Africa. DTM teams in Djibouti and Somalia recorded that during February 2022, a total of 668 migrants took the risky return by boat form Yemen to travel home. Moreover, DTM recorded 4,685 Yemeni returns from KSA during the month of February 2022, compared to 5,760 in January 2022. Between 1 January and 28 February 2022, an estimated 14,298 migrants and 10,445 Yemeni migrant returnees arrived in Yemen.

Source: International Organization for Migration

At least 60 stowaways dead in DR Congo freight train accident: Rail company

KINSHASA, A train crash in the southeastern Democratic Republic of the Congo has killed at least 60 people, the state rail company said.

“[Currently] the toll is 61 dead, men, women and children [and] 52 injured who have been evacuated,” Marc Manyonga Ndambo, director of infrastructure at the SNCC train operator, said on Saturday.

Local media quoted the provincial governor, Fifi Masuka, as saying 60 people had been killed.

It was a freight train which was carrying “several hundred stowaways”, said Manyonga.

“Some of the bodies were still trapped in the wagons that had fallen into the ravines,” he added.

Manyonga said the train was made up of 15 wagons, 12 of which were empty. It was coming from Luen in a neighbouring province destined for the mining town of Tenke, close to Kolwezi, the capital of Lualaba province in southern DRC.

It derailed at 11:50pm on Thursday near the village of Buyofwe, about 200km from Kolwezi, “at a place where there are ravines”, into which seven of the 15 wagons fell, he said.

“My team is working hard to clear the track by Monday,” Manyonga added. He did not say how the crash had happened.

Another provincial official, Jean-Serge Lumu, told reporters “seven bodies were recovered by the families, 53 others are still at the accident scene”.

Train derailments are common in the DRC, as are shipwrecks of overloaded boats on the country’s lakes and rivers.

Due to the lack of passenger trains or passable roads, people use goods trains to travel long distances.

Last October, nine people died after a train derailed in the city of Kenzenze in the territory of Mutshatsha in the same province.

In 2019, at least 24 people were killed and 31 injured in an accident when a freight train carrying stowaways derailed in the Bena Leka settlement in Kasai province.

Source: Bahrain News Agency

13 Gendarmes Killed in Northern Burkina Faso

OUAGADOUGOU, BURKINA FASO — Gunmen killed at least 13 gendarmes in an ambush Sunday at Taparko, a mining town in northern Burkina Faso regularly targeted by jihadist fighters, security sources said.

“A team from the gendarmerie at Dori fell into an ambush set by armed individuals this afternoon near Taparko,” a security source told AFP. As well as the 13 confirmed dead, a number of other gendarmes were missing, the source added.

Another security source said reinforcements had been called in and were searching the sector for eight missing gendarmes.

An additional eight gendarmes were wounded in the attack, two of them seriously, and they had been evacuated for treatment in Tougouri.

The attack came as two people were killed and several others injured when a bus hit a landmine Sunday, also near Taparko.

Source: Voice of America

IMF: Russian Default No Longer ‘Improbable,’ but No Trigger for Global Financial Crisis

WASHINGTON — Russia may default on its debts in the wake of unprecedented sanctions over its invasion of Ukraine, but that would not trigger a global financial crisis, International Monetary Fund Managing Director Kristalina Georgieva said on Sunday.

Georgieva told CBS’s “Face the Nation” program that sanctions imposed by the United States and other democracies were already having a “severe” impact on the Russian economy and would trigger a deep recession there this year.

The war and the sanctions would also have significant spillover effects on neighboring countries that depended on Russian energy supplies and had already resulted in a wave of refugees compared to that seen during World War II, she said.

Russia calls its actions in Ukraine a “special operation.”

The sanctions were also limiting Russia’s ability to access its resources and service its debts, which meant a default was no longer viewed as “improbable,” Georgieva said.

Asked if such a default could trigger a financial crisis around the world, she said, “For now, no.”

The total exposure of banks to Russia amounted to around $120 billion, an amount that while not insignificant, was “not systemically relevant,” she said.

Asked if Russia could access the $1.4 billion in emergency IMF funding approved for Ukraine last week if Moscow won the war and installed a new government, Georgieva said the funds were in a special account accessible only by the Ukrainian government.

An IMF official said that referred to the “internationally recognized government of Ukraine.”

The IMF last year blocked access to Afghanistan’s funds by the Taliban after they seized control of the government, citing lack of clarity over recognition of the Taliban rulers within the international community.

Georgieva last week said the IMF would downgrade its previous forecast for 4.4% global economic growth in 2022 as a result of the war, but said the overall trajectory remained positive.

Growth remained robust in countries like the United States that had been fast to recover from COVID-19 pandemic, she told CBS.

The impact would be most severe in terms of driving up commodity prices and inflation, potentially leading to hunger and food insecurity in parts of Africa, she said.

Source: Voice of America