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HackaTRON Season 6 Launches on Feb 20 and Up To $650,000 in Prizes


Geneva, Switzerland, February 20, 2024 – TRON DAO, along with co-hosts HTX DAO, BitTorrent Chain, and JustLend DAO, proudly announces HackaTRON Season 6, spanning from February 20 to June 28, 2024. This season stands out due to its collaborative spirit and support from our sponsors, each bringing unique value to the blockchain space. Track Details HackaTRON Season 6 contains five different tracks: Web3: Shape the next evolution of the internet with contributions that bridge the gap to a decentralized future. Artistry: Redefine entertainment by merging blockchain technology with gaming and NFTs, exploring new horizons for creators. DeFi: Craft the next DeFi project that makes financial services more accessible. Builder: For returning projects on TRON/BTTC that have significant updates. Integration (NEW): A new track inviting the integration of protocols, dApps, or services to enrich the TRON ecosystem. It's an open call for developers to leverage the TRON network’s capabilities. Prize Pool Details Season 6 boasts a prize pool of up to $650,000*, featuring $500,000 in TRX, the TRON network’s native utility token, for regular prizes and $150,000* in energy prizes. The energy component subsidizes network fees, facilitating smoother and more efficient blockchain interactions for users. The prize distribution among judge and community voting per track is as follows: Judge-Selected Qualifiers 1st Place: $25,000 in TRX* 2nd Place: $15,000 in TRX* 3rd Place: $10,000 in TRX* 4th Place: $8,000 in TRX* 5th Place: $6,000 in TRX* Community-Selected Winners 1st Place: $7,000 in TRX* 2nd Place: $6,000 in TRX* 3rd Place: $5,000 in TRX* 4th Place: $4,000 in TRX* 5th Place: $3,000 in TRX* *All prizes are issued in TRX or TRON network Energy, not USD, restrictions applied. Sponsors Spotlight Diamond Ankr is a Web3 decentralized infrastructure provider that helps developers and others interact with multiple blockchains. It allows users to create DApps seamlessly with customized solutions. ChainGPT offers AI-powered tools for the Web3 and blockchain sectors, enhancing accessibility and efficiency in the digital space. ChainGPT offers tools for automating smart contract development and enhancing blockchain analytics. AI-Tech Solidius runs an eco-friendly high-performance computing center, focusing on AI and blockchain services, and offers a marketplace for developers' AI software applications. This initiative supports a sustainable ecosystem, fostering innovation through collaborative development. Gold GT-Protocol is a decentralized protocol offering a suite of tools for various DeFi operations. GT-Protocol brings efficiency and transparency to the world of DeFi. Morpheus Network is a supply chain platform providing secure supply chain solutions. Morpheus Network leverages blockchain technology to improve efficiency in international trade. Key Dates to Remember Submission Period: Feb 20 - May 7 Judging & Voting: May 22 - May 29 Winners Announcement: Jun 11 Demo Week: Jun 17 - Jun 22 Projects on Mainnet: Jun 28 Join Us in Shaping the Future To learn more about HackaTRON Season 6 prizes and rules and to register, please visit HackaTRON S6. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of February 2024, it has over 211.47 million total user accounts on the blockchain, more than 7.13 billion total transactions, and over $21.62 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum For Hackathon: Media Contact Hayward Wong About HTX DAO As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates open values and encourages all DAO participants to propose collaborations and protocol enhancements that can promote the development of HTX DAO. Media Contact About BitTorrent Chain BitTorrent Chain (BTTC) is the world’s first heterogeneous cross-chain interoperability protocol, which adopts the PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts. It now enables interoperability with the public chains of Ethereum, TRON, and BNB Chain. Fully compatible with EVM, BitTorrent Chain facilitates the seamless transfer of assets across mainstream public chains. The governance token BTT, also known as BTTOLD on TRON Protocol was granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica on October 7th 2022. Website | Telegram | Medium | Github | Docs Media Contact Teresa X About JustLend DAO JustLend DAO is TRON's decentralized financial platform where users can earn yields through supplied assets, borrow digital assets against collateral, participate in TRX staking, and rent Energy. Committed to developing TRON-based DeFi protocols and providing all-in-one financial solutions to its users, there is now more than $8.7 Total Value Locked in the JUST Network. The JustLend DAO provides a forum for its users to participate in governance and directives, while empowering its users with decentralized authority, trustless transactions, smart-contract automation, and security with transparent accountability. Tokens in the JustLend DAO markets (TRX, BTT, JST, NFT, USDT, TUSD, USDD) are granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica. JustLend DAO exists to provide stable and convenient financial lending services for all users. Engage with the JustLend DAO community via the JustLend DAO Portal, Telegram, Twitter, and the JUST Network. Media Contact Mia Wang Contact Details Hayward Wong Company Website

February 20, 2024 01:31 PM Eastern Standard Time

Article thumbnail News Release announces launch of GPT AI 3D solutions led by former Microsoft Executive

Nextech3D.AI CEO Evan Gappelberg joined Steve Darling from Proactive to announce the company's launch of the next era of GPT AI 3D product solutions. These proprietary Artificial Intelligence algorithms represent a significant advancement in's technology offerings and are poised to drive innovation in the e-commerce industry. Leading this initiative is Hareesh Achi, a former Microsoft Executive who currently serves as's Head of Product Operations. With Achi's expertise and leadership, the company aims to capitalize on the early stages of the AI opportunity, particularly in the realm of 3D modeling for e-commerce. Gappelberg emphasized that the transition from 2D to 3D modeling represents a major multi-decade transformation driven by AI. is at the forefront of this transformation, leveraging its suite of GPT AI solutions to provide cutting-edge technology to enterprise clients. The company plans to offer annual enterprise licensing deals for its suite of GPT AI solutions, which initially feature 12 GPTs. Moreover, intends to develop additional GPTs throughout 2024, further expanding its product offerings and market reach. By focusing on enterprise licensing deals and advancing its suite of AI solutions, is well-positioned to capitalize on the growing demand for innovative 3D technologies in the e-commerce landscape. This initiative underscores the company's commitment to driving technological innovation and delivering value to its clients in the evolving digital marketplace. Contact Details Proactive United States +1 347-449-0879

February 20, 2024 11:10 AM Eastern Standard Time

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Hive Digital sees 146% increase in Gross Operating Margins as company releases Q3 earnings report

HIVE Digital Technologies

Hive Digital Technologies CEO Aydin Kilic joined Steve Darling from Proactive to announce the company's earnings report for the third quarter. Kilic revealed that the company achieved remarkable revenue of $30.1 million during this quarter, primarily attributed to mining 830 Bitcoin. Notably, the Gross Operating Margin stood at an impressive 38%, translating to $11.3 million in income from digital currency mining operations. Kilic highlighted that these figures represent a significant 146% increase in Gross Operating Margin compared to the previous quarter. He attributed the stronger Bitcoin mining economics to the rally in Bitcoin prices, potentially fuelled by the news surrounding Bitcoin ETFs in the United States and the subsequent SEC approval on January 10, 2024. In addition to revenue from Bitcoin mining, the company realized $0.9 million in revenue during the quarter from its GPU-powered High Performance Computing business unit. This segment leverages the company's GPUs for various AI computations, including inference and fine-tuning of large language models. Overall, these impressive financial results underscore Hive Digital Technologies' strong performance in the cryptocurrency mining sector and its strategic diversification into other high-growth areas such as AI computation. Contact Details Proactive North America Proactive North America +1 604-688-8158

February 20, 2024 10:32 AM Eastern Standard Time

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Bitcoin To Surge To $70k As Traders Look Forward To the 'Year of the Dragon', Sui and KangaMoon To Lead the Altcoin Rally


East Asia is preparing to celebrate the start of the Year of the Dragon in the next few weeks. Crypto traders are excited, anticipating a major rally for Bitcoin as the year is considered one of the luckiest and most prosperous animals in the Chinese Zodiac. Ahead of the celebration, Markus Thielen has forecasted that Bitcoin could peak above $70k before the year ends. Meanwhile, two altcoins, Sui (SUI) and KangaMoon (KANG), are gearing up to lead the altcoin market rally in 2024. Markus Thielen Forecasts a Surge To $70,000 for Bitcoin (BTC) Markus Thielen, a famous crypto analyst at 10X Research, predicts that the Bitcoin (BTC) price will rise to $70,000 by the end of the year. This implies a 65% increase over the current $42,500 - $43,000 range, where the Bitcoin price has remained unchanged for more than a week. Thielen depends on his positive projections on strengthening macro conditions, the U.S. elections, monetary tailwinds, and growing demand for spot Bitcoin ETFs. His claims are bolstered by the increasing attitude in the cryptocurrency industry. On February 10, East Asia will begin the Year of the Wood Dragon. Crypto traders anticipate that the crypto market will suffer the same fate as one of the Chinese Zodiac's luckiest and most affluent animals. As the Bitcoin price increases, the altcoin market is expected to surge in 2024. Sui (SUI) TVL Sets New ATH, Price To Follow With the broader crypto market looking bullish, Sui (SUI) is one of the top altcoins that could take advantage. Over the past few months, the Sui network has grown at an incredible rate, with its total value locked (TVL) increasing by more than 1,000%. According to DeFiLlama data, Sui has a TVL of more than $515 million, making it the ninth-largest DeFi project. The growth of the Sui network can be linked to the rapid development of dApps with real-world use cases. With the network continuing to grow, experts expect the Sui coin to soar in 2024. Year-to-date (YTD), Sui has gained more than 100% to trade at the $1.5 range. However, as the network growth continues, a 30% surge to take SUI to a new ATH is expected, making it one of the top altcoins to buy. KangaMoon (KANG) To Dominate the 2024 Altcoin Market Rally In the upcoming altcoin market rally, KangaMoon (KANG) has been picked by experts as one of the top altcoins to watch. Built around an exciting new concept, the KANG token has been predicted to record a parabolic 100x price surge before the year ends. The DeFi project has attracted this kind of prediction because of its unique Social Finance (Social-Fi) network in the works. The platform also combines elements of play-to-earn, NFTs, and meme coins. This Social-Fi ecosystem aims to become the ultimate hub for meme coin enthusiasts. KangaMoon was designed to encourage interaction among meme coin enthusiasts and reward them for their participation. As the players participate in weekly, monthly, and quarterly challenges and special giveaways, they will earn KANG tokens and other rewards. The greater the participation, the more rewards a user stands to earn. The real-world application of KangaMoon has drawn a ton of interest to the project and is why market experts anticipate its launch. Given the 100x predictions, KANG is considered very cheap, as it is only priced at $0.0075 per coin. Discover the Exciting Opportunities of the Kangamoon (KANG) Presale Today! Website: Join Our Telegram Community: Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: 1: No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2: Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3: Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4: Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. Contact Details Kangamoon Company Website

February 20, 2024 09:00 AM Central Standard Time

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Communication Service for the Deaf Names Amanda Whyrick Division President of California Connect

Communication Service for the Deaf

Communication Service for the Deaf (CSD) today announced that Amanda Whyrick has been named the new Division President of California Connect. Whyrick previously served as CSD’s Vice President of Information Technology. In this new role, she will provide leadership support for all California Public Utilities Commission contracts held by Communication Service for the Deaf. California Connect, also called the Deaf and Disabled Telecommunications Program (DDTP), provides telecommunication access for Californians with hearing, vision, cognitive, mobility, and speech-related disabilities. The program of the California Public Utilities Commission (CPUC) includes accessible telecommunication equipment and devices, relay service, and Augmentative and Alternative Communication (AAC) devices. The California Connect Division President will provide strategic and operational support for the State’s marketing services, equipment distribution, and field operations contracts. Equitable and accessible communication solutions have been at the core of CSD’s work for the past fifty years. Bolstering our partnership with California Connect is a logical extension of our efforts to remove communication barriers for people with disabilities. “With the rapid advancement of communications technology, the person who fills this role must have extensive experience in accessible technology,” stated Chris Soukup, CEO of CSD. “Amanda is perfectly suited to lead the advancement of our California Connect division as they work towards their goal of providing communication equity for communities with disabilities.” Whyrick joined CSD in 2016 as a Systems Administrator and held various leadership roles until her promotion to Vice President of Information Technology in 2022. During this period, she successfully implemented accessible organizational-wide technology policies, including a transition to work-from-home call centers during the COVID-19 pandemic. Before joining CSD, Whyrick provided technology support to organizations including Southeast Community College and Dell Technologies. Now, as Division President for California Connect, Whyrick looks towards modernizing the program in a way that centers on the needs of various communities with disabilities and integrating the most up-to-date technological offerings. “As someone who personally benefits from accessible technologies, I know that access to them is crucial to the health and well-being of the user in all aspects of life. I look forward to extending this same privilege to Californians with different accessibility needs." shared Whyrick. Whyrick will assume the position of California Connect Division President on February 26, 2024. About Communication Service for the Deaf Communication Service for the Deaf (CSD) is the largest Deaf-led social impact organization in the world. For more than four decades, CSD has been a leader in creating and providing accessible and innovative solutions for the Deaf community. Today, CSD continues its work to create opportunities for personal and economic growth within the Deaf community, specifically addressing leadership and employment. For more information, please visit CSD and follow us on Facebook, Twitter, Instagram, and LinkedIn. Contact Details Communication Service for the Deaf Molly Miller +1 315-679-8948 Company Website

February 20, 2024 09:15 AM Eastern Standard Time

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FuelRod Installs Swappable Charger Kiosks at Union Station in DC

Fuel Rod

FuelRod, a leading provider of portable power solutions, today announced the installation of their innovative swappable charger kiosks at Union Station in Washington, DC. FuelRod’s patented two-way exchange mobile charging program will help to keep travelers connected as they pass through the station, and act as the latest addition to their growing network of kiosks both within DC and Nationwide. FuelRod’s installation at Washington Union Station—their second within an Amtrak-serving hub, following a 2023 installation at Los Angeles Union Station—will provide city residents and long-distance travelers alike with portable, environmentally friendly power within the railway station. Visitors will now be able to purchase a FuelRod charging kit or swap an empty charger for a fresh, fully charged replacement at the kiosks to be installed. Washington Union Station is the latest FuelRod location to join an already established network throughout the nation’s capital city. Examples of existing stations in DC include the Walter E Washington Convention Center, Entertainment and Sports Arena, Washington Dulles International Airport, Baltimore/Washington International Thurgood Marshall Airport (BWI), and Six Flags America. “We are extremely proud of the expansion of our FuelRod mobile charging program into Union Station, Washington DC. We have a strong commitment to the traveling public and are focused on continued growth in transportation hubs across the United States,” said COO Joe Yeagley regarding this newest deployment in the nation’s capital. “Staying connected in today’s fast-paced world is more essential than ever, and people on the go should have convenient access to mobile charging regardless of where they happen to be.” The company’s presence in Washington, in turn, is part of a nationwide effort by FuelRod toward a network that people can rely on to stay powered and connected wherever they go. About FuelRod FuelRod is a California-based portable power solutions company and developer of the FuelRod kit—the first reusable, portable charging system that allows you to charge your mobile device on the go, and then recharge or swap for a fresh one. With a growing network of kiosks nationwide, FuelRod can keep your devices powered virtually anywhere you go. Learn more at Contact Details Claudio Frescas +1 423-914-9647 Company Website

February 20, 2024 09:00 AM Eastern Standard Time

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HTX's Liquid Restaking Will Debut! Get Your Slot in $50 Million Staking Quota to Reap Rewards


February 2024 ushers in a thrilling start in the crypto market, with Bitcoin surging past $52,000. The Restaking ecosystem is ablaze, with leading projects like EigenLayer, Puffer, Merlin Chain, and BounceBit gradually launching and introducing on-chain staking to provide a new consensus basis for the ecosystem. As investors flock to seize the opportunity for the initial airdrops, funds are pouring into the following premium projects to secure the entry points for the airdrops: EigenLayer, a trending Ethereum restaking project with TVL of over $7 billion. Puffer, a trending Ethereum restaking project with TVL of over $1 billion. Merlin Chain, a Bitcoin Layer 2 solution with TVL of over $1.5 billion. BounceBit, a Bitcoin staking chain with TVL of over $0.45 billion. However, engaging in on-chain staking involves complex operations. How can ordinary cryptocurrency investors benefit from this new lucrative narrative? Easily Join HTX's Liquid Restaking with Spot Assets to Receive Free Initial Airdrops from Leading Projects According to an official announcement, HTX, the cryptocurrency exchange, is set to launch its new feature, Liquid Restaking, on February 29, 2024, offering participants amazing rewards. To qualify for the rewards, simply hold BTC, ETH, USDT, TRX, or HTX assets in your Spot account on the HTX platform and register for Liquid Restaking. No on-chain operations are required to receive rewards. Moreover, you can freely engage in trading, depositing, or withdrawing these spot assets while simultaneously earning rewards from Liquid Restaking. All participants will share in the rewards generated by the platform's $50 million staking quota, comprising 250 BTC, 2,500 ETH, 25,000,000 USDT, 25,000,000 TRX, and 1,500,000,000,000 HTX. Rewards will be distributed in points, and early participation ensures greater rewards. Rewards you can expect to garner: - Initial airdrop from EigenLayer. - Initial airdrop from Puffer. - Initial airdrop from Merlin Chain. - Initial airdrop from BounceBit. - Crypto rewards, such as ETH, USDT, HTX, and TRX. HTX guarantees that during this event, regardless of any potential on-chain risks, user assets will always be safeguarded. How to participate? Take two simple steps to enroll in this amazing event: 1. Before February 20, 2024, at 09:00 (UTC), fund your HTX account and hold BTC, ETH, USDT, or other applicable assets in your Spot account to get ready for this event. 2. On February 29, register for this event by navigating to your HTX app > Assets > Spot > Liquid Restaking or Earn > Liquid Restaking. Read the official announcement for details: Why the Excitement around Restaking with Soaring TVL? The staking and restaking ecosystems have gradually taken shape as a big trend in the upcoming crypto bull run. Meanwhile, teams behind EigenLayer and Puffer boasting many core members of the Ethereum Foundation and major participants, such as top VCs, are jointly driving the new narrative. What is Restaking? Restaking refers to simultaneously using your staked cryptocurrencies (i.e. LSTs) to secure more protocols and earn rewards. Restaking, stemming from liquid staking, sets itself apart by providing liquidity for LSTs as well as additional earning opportunities. Leading restaking projects such as EigenLayer facilitate staking LSTs, such as stETH, to earn rewards. Liquid staking, a way for investors to lock up their cryptocurrencies in exchange for rewards over time, was introduced after Ethereum's adoption of a Proof of Stake (POS) mechanism following the Shanghai upgrade. Projects like Lido utilize stETH to represent the native ETH staking shares, thereby unlocking liquidity from staked assets. LST, on the other hand, stands for Liquid Staking Tokens, issued by projects like Lido, which include tokens such as stETH, cbETH, rETH, etc. These tokens inherently come with APYs. Restaking enables staked assets to be used for more protocols by sharing trust from the Ethereum Beacon staking layer. This not only allows users to earn more rewards but also lets other projects enjoy the same level of consensus and security as the ETH Beacon layer. These projects adopt staking points to track participants' contributions. As per convention, early contributors are expected to receive these projects' native tokens through initial airdrops based on their contributions after the projects' launch between April and September this year. Airdropping cryptocurrencies before their trading starts has garnered significant attention and popularity in the market. Unmissable Restaking Airdrop: Get on Board with Top VC Players! Leading projects, esteemed for their high market capitalization, often distribute lucrative airdrops. These projects have consistently captured the interest and investment of top-tier venture capital firms across multiple funding rounds. According to reports, EigenLayer has successfully secured multiple rounds of financing, led by Blockchain Capital, with the participation of prominent venture capital firms such as Coinbase Ventures, Polychain Capital, Hack VC, and Electric Capital. Puffer, as a derivative project of EigenLayer, has also garnered significant attention. Notably, it has received backing from the Ethereum Foundation and secured two rounds of funding from institutions like Binance Labs, Jump Crypto, Brevan Howard Digital, Bankless Ventures, and Animoca Ventures, as well as angel investors including Anand Iyer from Lightspeed Partners, Sreeram Kannan (EigenLayer's founder), Frederick Allen (Coinbase's Head of Staking), and F2pool and Cobo. This impressive array of investors underscores the project's substantial potential. In the BTC sector, competition is fierce, with top projects like Merlin flexing their muscles. Merlin recently wrapped up a financing round in early February with 24 investors onboard, including OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital. Likewise, a prominent player in the BTC Layer 1 sector, has garnered support from renowned entities such as Binance Custody, Mainnet Digital, Breyer Capital, and OKX Ventures. The crypto market has witnessed the arrival of a bull market in 2024. For those who missed out on opportunities like Ordinal Inscriptions and on-chain staking, there's no need to worry! HTX offers you a chance to get on board. Even individuals unfamiliar with on-chain operations can participate by depositing assets into HTX for mining, effortlessly engaging HTX's Liquid Restaking with spot assets, and easily earning airdrop rewards with a snapshot of your Spot account balance. Join hands with top VC players and capitalize on the new bull market in 2024. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang Company Website

February 20, 2024 08:59 AM Eastern Standard Time

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Crossword Cybersecurity expands European reach in deal with TD Synnex

Crossword Cybersecurity PLC

Crossword Cybersecurity PLC (AIM:CCS) chief financial officer Mary Dowd joined Proactive's Stephen Gunnion with details of a partnership agreement with NYSE-listed TD Synnex. Dowd explained that TD Synnex is a global powerhouse with a $57 billion annual turnover, operating in over 100 countries, and employing 23,000 staff. The collaboration positions Crossword's threat intelligence platform, Trillion, as a unique addition to TD Synnex's European reseller portfolio. Trillion, a pioneering data mining platform, identifies risks by mining data from the dark web for stolen credentials, addressing a significant cybersecurity challenge. The partnership extends beyond sales, including onboarding and support services, highlighting Crossword's commitment to leveraging TD Synnex's extensive network to enhance cybersecurity defences for organisations of all sizes. She said the non-exclusive deal underscores Crossword's ambition for further partnerships, aiming to expand Trillion's reach and impact in the cybersecurity landscape. ‌ Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813

February 20, 2024 07:56 AM Eastern Standard Time

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Fintech platform Xalts to build “Plaid for trade” as it acquires Contour Network from consortium of global banks


Accel and Citi Ventures-backed fintech Xalts, which is used by financial institutions and businesses to build and manage digital finance applications, has today announced its acquisition of Contour Network, owned by a consortium of global banks, to accelerate digitisation in trade and supply chain finance. Contour started in 2017 as a pilot by eight global banks including HSBC, Standard Chartered and BNP with a focus to digitize trade. Currently, over 22 banks and 100+ global businesses like Tata Group and Rio Tinto use Contour for digital trade finance solutions. Xalts, which is used by institutions to build multi-party applications for digitisation and tokenization, plans to leverage Contour’s industry standard workflows and integrations to facilitate communication and transactions between businesses and financial institutions in the network. In 2023, global trade reached over $30 trillion. However, according to QED Investors, the digitization of global trade remains relatively minuscule, with less than 1% currently conducted digitally. Due to the complexities and different regulations involved in cross-border trade, a single transaction may require up to 50 sheets of paper that are exchanged with up to 30 different stakeholders including importers, exporters, banks, logistics companies and customs. As global trade goes from strength to strength and traditional supply chains reorganize, Xalts is taking inspiration from Silicon Valley startups like Plaid and Stripe to accelerate digitisation in trade & supply chain finance. Ashutosh Goel, CEO of Xalts commented: “We want to create a Plaid for Trade. Our vision is to expand the scope of Contour’s network which is trusted by banks and corporates, and build it into a rail that enables businesses to access digital solutions for trade and supply chain finance offered by banks, fintechs and technology partners. Combining our platform with Contour’s Network will allow participants to develop and deploy customized solutions quickly”. The initial focus for Xalts will be on embedded solutions for trade and supply chain finance. These will enable banks, logistics companies and technology companies to offer integrated solutions to businesses, using a single platform. Many global and regional banks have been making a push for deeper integrations with their clients and global platforms. In 2023, HSBC had announced a JV with Tradeshift to create embedded finance applications. “Our platform also enables institutions to build new innovative applications and products by leveraging blockchain and tokenization. We partner with leading blockchains and integrate with multiple infrastructure providers to help our clients build tokenization applications.” said Supreet Kaur, COO of Xalts. “Contour will also enable network members to work with us to launch applications in this space”. Xalts was founded in 2022 by Ashutosh Goel and Supreet Kaur, former senior executives at HSBC and Meta. Currently with a team of over 50 across offices in Singapore, Hong Kong, India, UAE and UK, Xalts counts large financial institutions, regulatory bodies and technology companies as its clients. Abhinav Chaturvedi, Partner, Accel added: “Accel has backed innovative companies globally in this space. Xalts has demonstrated that they have the right vision and a team that can execute at a global scale very quickly.” “Citi has long been a leader in driving innovation in financial services. We invested in Contour in 2020 and led the seed round for Xalts in 2022. The combination of these two companies into one firm with an expanded vision and a great leadership team will accelerate innovation in global trade finance.”, said Everett Leonidas, Director, Citi Ventures. Carl Wegner, who was the CEO of Contour Network prior to this acquisition is expected to take a senior leadership role at Xalts. “I am really proud of what Contour has been able to accomplish in such a short time. The vision that Xalts has for Contour’s future turbocharges its strengths and addresses key client needs.” About Xalts Xalts was founded in 2022 by former HSBC and Meta executives, Ashutosh Goel and Supreet Kaur, and are backed by Accel and Citi Ventures. The company has offices in Singapore, Hong Kong, India, UAE and UK. To learn more about Xalts, visit Contact Details Xalts Bilal Mahmood +44 7714 007257 Company Website

February 20, 2024 02:48 AM Eastern Standard Time

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