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Phemex Is Celebrating Its 2nd Anniversary by Giving Away $200,000 in Prizes for Free By BTC Peers

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Phemex Is Celebrating Its 2nd Anniversary by Giving Away $200,000 in Prizes for Free

It’s been an eventful couple of years since Phemex was first founded back in 2019. As part of its 2nd-anniversary celebrations, the Singapore global crypto-derivatives platform is letting you in on the fun. Phemex is quite familiar with creating engaging events and giveaways for its community, having recently hosted a trading competition with a prize pool of over $750,000!

Besides its extensive Christmas campaign that’s giving away $120,000 in holiday presents, Phemex is also now distributing daily awards from a $200,000 pool to celebrate its 2nd anniversary with the Energy Crates campaign. These prizes come in the form of Energy Crates, which will contain goodies ranging from trading bonuses and contract discounts to themed merchandise and free premium memberships. You’ll definitely want to open these crates.

The season of giving is upon us, and Phemex is giving out these crates for free! The Energy Crates event will last for three weeks starting December 24, so tell your friends and register now! Additionally, by sharing the event on social media, your chances of opening a winning crate increases – the more, the merrier.

2nd Anniversary Energy Crates

Participants will be allowed to open up to three energy crates every day during the event. Each crate may contain some fantastic goodies, and opening and claiming these rewards is entirely free! The winnings from crates will accumulate and can be directly viewed by users on the event’s landing page.

Users will be required to complete the platform’s KYC process before being eligible to claim and use the rewards. More details on how participants can complete KYC on the platform can be found at Phemex’s user guide on the topic.

Though users can open up to three crates per day, not every crate guarantees a prize. However, participants who share the event on social media will enjoy increased chances of obtaining winning crates. Since the event runs for three whole weeks, this gives participants up to 63 free crates to open throughout the campaign.

Prizes from opened crates will be listed on the landing page till January 13, 2022, when the event closes, but the awards will remain even after the event has ended. A total of $200,000 will be given away in prizes, with different crates containing different kinds of rewards.

Of the various prizes that users can win, some are discounts on contract trading, which can be extremely useful for users who regularly trade crypto or USD-margined perpetual contracts. Phemex recently unveiled its inverse perpetual futures, so this would be an excellent time to check out that trading pair!

Other crates contain trading bonuses, which give users an extra edge when playing the market for gains. Some lucky participants can even win access to Phemex’s premium membership, which is highly lucrative for day-traders since it grants zero-free trading on all spot market orders.

Know Your Community

To participate in the event, users must be registered on the Phemex platform. While non-KYC accounts can participate, they will only be able to access rewards after completing KYC verification. Additionally, participating accounts cannot be in a locked or frozen state.

Prizes will be distributed to users’ associated trading accounts. For example, contract discounts will be applied to users’ contract trading accounts, while spot trading bonuses will be applied to their spot accounts.

Premium rewards can be activated via Phemex’s Premium Membership page, and only main accounts are eligible to participate. This also means the platform will disqualify users who create more than one account using multiple email addresses in the hopes of receiving multiple bonuses. Accounts deemed to be cheating will be banned from using the exchange.

The cryptocurrency space has been advancing rapidly, attracting investors from all over the globe, especially in the last two years. However, considering how the industry is built on a foundation of a digitized economy, it’s even more important to keep bad actors at bay.

Though fraudulent transactions can occur, the blockchain wasn’t designed to enable them. As hackers and scammers become better at using the technology for illicit activities, blockchain platforms must introduce better standards to keep user funds safe, and this is where KYC can help.

Phemex has evolved remarkably in just two years, expanding its offerings from just three contract pairs to nearly 40 spot and contract trading pairs and amassing close to 2 million users worldwide. Today, the exchange ranks among the top 10 derivatives trading platforms globally and is fully compliant with regulatory requirements, including KYC and AML (Anti-Money Laundering) protocols.

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Teladoc Tumbled 38% After Big First-Quarter Loss. Is It Just a Pandemic Play?

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After pandemic drop, Canada’s detention of immigrants rises again By Reuters

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© Reuters. FILE PHOTO: Two closed Canadian border checkpoints are seen after it was announced that the border would close to “non-essential traffic” to combat the spread of novel coronavirus disease (COVID-19) at the U.S.-Canada border crossing at the Thousand Isla

By Anna Mehler Paperny

TORONTO (Reuters) – Canada is locking up more people in immigration detention without charge after the numbers fell during the pandemic, government data obtained by Reuters shows.

Authorities cite an overall rise in foreign travelers amid easing restrictions but lawyers say their detained clients came to Canada years ago.

Canada held 206 people in immigration detention as of March 1, 2022 – a 28% increase compared with March 1 of the previous year. Immigration detainees have not been charged with crimes in Canada and 68% of detainees as of March 1 were locked up because Canada Border Services Agency (CBSA) fears they are “unlikely to appear” at an immigration hearing, according to the data.

The rise puts Canada at odds with Amnesty International and other human rights groups that have urged Ottawa to end its use of indefinite immigration detention, noting CBSA has used factors such as a person’s mental illness as reason to detain them.

A CBSA spokesperson told Reuters that “when the number of entries (to Canada) goes up, an increase in detention is to be expected.” CBSA has said in the past it uses detention as a last resort.

A lawyer told Reuters her detained clients have been in Canada for years.

In the United Kingdom, too, immigration detention levels rose last year after dropping earlier in the pandemic, according to government statistics. Unlike Canada, the United States and Australia, European Union member states have limits on immigration detention and those limits cannot exceed six months.

The rise in detentions puts people at risk of contracting COVID-19 in harsh congregate settings, refugee lawyers say.

Julia Sande, Human Rights Law and Policy Campaigner with Amnesty, called the increase in detentions “disappointing but not surprising,” although she was reluctant to draw conclusions from limited data.

The number of immigration detainees in Canada dropped early in the pandemic, from a daily average of 301 in the fourth quarter (January through March) of 2019-20 to 126 in the first quarter (April through June) of 2020-21.

FEW NO-SHOWS AS DETENTIONS DROPPED

Detaining fewer people did not result in a significant increase in no-shows at immigration hearings – the most common reason for detention, according to Immigration and Refugee Board data.

The average number of no-shows as a percentage of admissibility hearings was about 5.5% in 2021, according to that data, compared to about 5.9% in 2019.

No-shows rose as high as 16% in October 2020, but a spokesperson for the Immigration and Refugee Board said this was due to people not receiving notifications when their hearings resumed after a pause in the pandemic.

Refugee lawyer Andrew Brouwer said the decline in detention earlier in the pandemic shows Canada does not need to lock up as many non-citizens.

“We didn’t see a bunch of no-shows. We didn’t see the sky fall … It for sure shows that the system can operate without throwing people in jail,” Brouwer said.

He added that detainees face harsh pandemic conditions in provincial jails – including extended lockdowns, sometimes with three people in a cell for 23 hours a day.

Refugee lawyer Swathi Sekhar said CBSA officials and the Immigration and Refugee Board members reviewing detentions took the risk of COVID-19 into account when deciding whether someone should be detained earlier in the pandemic but are doing so less now.

“Their position is that COVID is not a factor that should weigh in favor of release,” she said.

“We also see very, very perverse findings … [decision-makers] outright saying that individuals are going to be safer in jail.”

The Immigration and Refugee Board did not immediately respond to a Reuters request for comment.

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Nasdaq futures rise as market attempts comeback from April sell-off, Meta shares soar

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Stock futures rose in overnight trading as the market shook off the April sell-off and investors reacted positively to earnings from Meta Platforms.

Futures on the Dow Jones Industrial Average added 70 points or 0.2%. S&P 500 futures gained 0.7% and Nasdaq 100 futures jumped 1.2%.

The moves came as shares of Meta surged more than 18% after hours following a beat on earnings but a miss on revenue, a sign that investors may see signs of relief in the beaten-up tech sector. Shares were down 48% on the year heading into the results.

Meanwhile, shares of Qualcomm gained 5.6% in extended trading on the back of strong earnings while PayPal rose 5% despite issuing weak guidance for the second quarter.

“I think a lot of people want to believe that earnings are going to pull us out of this, but earnings are not what got us into this,” SoFi’s Liz Young told CNBC’s “Closing Bell: Overtime” on Wednesday. “… But the reality is there are so many macro headwinds still in front of us in the next 60 days that the market is just hard to impress.”

The after-hour activity followed a volatile regular trading session that saw the Nasdaq Composite stoop to its lowest level in 2022, as stocks looked to bounce back from a tech-led April sell-off. The index is down more than 12% since the start of April.

In Wednesday’s regular trading, the tech-heavy Nasdaq ended at 12,488.93, after rising to 1.7% at session highs. The Dow Jones Industrial Average rose 61.75 points, or 0.2%, to 33,301.93 propped up by gains from Visa and Microsoft, while the S&P 500 added 0.2% to 4,183.96.

Investors await big tech earnings on Thursday from Apple, Amazon and Twitter, along with results from Robinhood. Jobless claims are also due out Thursday.

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