News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

HTX Ventures: Why BounceBit's Innovative Solutions Might Be Key To Unlock the Bitcoin (BTC) Ecosystem?

HTX Ventures

Singapore / March 28, 2024 – With the approval of BTC spot ETFs, institutions and individuals worldwide are increasing their holdings of BTC, spurring a surge in the BTC prices. BTC now ranks among the top 10 assets globally by market capitalization. BTC inscriptions and scaling are two niche segments gaining widespread traction in this market cycle. The exploration of diversifying revenue streams from BTC ecosystem assets is drawing the attention of the cryptocurrency market. So, which solution will become the optimal one to tackle issues such as interest on BTC assets, network confirmation delays, lack of smart contracts, and high gas fees? Current solutions for enhancing the BTC ecosystem include Layer 2s and sidechains. As one of the investor of BounceBit’s 6M funding round, HTX Ventures sees BounceBit, with its CeFi+DeFi product model, as a potentially innovative solution to open up the Bitcoin ecosystem for more application. This research report thoroughly examines BounceBit, outlining its product design philosophy and HTX Ventures' investment rationale. HTX Ventures, the global investment arm of HTX, leverages an integrated approach that combines investment, incubation, and research to identify the most exceptional and promising teams around the world. To date, HTX Ventures has supported over 200 projects spanning multiple blockchain tracks, with some high-quality projects already listed on HTX for trading. What Is BounceBit? BounceBit is a BTC restaking chain exclusively designed for Bitcoin, building BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. It employs a BTC + BounceBit hybrid PoS mechanism for validation. BounceBit resolves trust issues with underlying BTC assets through multi-party custodianship, creating BBTC for DeFi interactions on the Bounce mainnet. Native BTC assets are used to participate in low-risk arbitrage strategies on various centralized exchanges. Additionally, under a hybrid token staking mechanism, using BBTC+BB (BounceBit's native token) for staking can generate LSD tokens, further obtaining node staking rewards and restaking profits. By combining centralized custody and sidechains, BounceBit aims to address the longstanding trust issues of sidechains while reinvigorating the BTC ecosystem. This will reduce trading fees and unlock the financial potential of BTC, enabling access to applications in DeFi, gaming, social, and more sectors. How Does BounceBit Work? BounceBit's product design is very ingenious, as shown in the following diagram: Users deposit multiple types of on-chain Bitcoin assets into the BounceBit Protocol which is actually supervised by BounceBit, CEFFU, and Mainnet Digital under a jointly managed MPC wallet. This setup is to address trust mechanism issues and ensure the security of user assets. By using off-exchange settlement (OES) solutions like Ceffu’s MirrorX, it gives protocol secure access to the deep liquidity on exchanges and earn yield through diverse trading strategies, while funds stay safe on-chain in MPC wallets, a wallet technology that essentially splits the private key into multiple shards. This way the single point of failure (SPOF) risk is reduced to a minimum. Additionally counterparty-risk is reduced, as the user funds are never actually stored on any centralized exchange, but rather are mirrored by Ceffu. BounceBit works with multiple experienced asset managers with a longstanding positive return track record to trade through MirrorX. All of the asset managers use Funding Rate Arbitrage as their trading strategy. Funding Rate Arbitrage is a profitable delta-neutral strategy which capitalizes on the difference of the funding rate between different markets. On the other hand, after users transfer their native assets into BounceBit, a new asset, B-Token, will be minted. Taking BTC as an example, after depositing BTC, users will receive BBTC assets that operate on the BounceBit mainnet. Currently, there are two main types of on-chain activities for this asset: First, under BounceBit's hybrid staking model, using BBTC+BB (the project's native token) to participate in node staking, while the LST generated from staking can further engage in restaking activities, further amplifying staking returns; second, BBTC can be used in various DeFi interactions on-chain. Currently, BounceBit has launched BounceClub for developers and users, where users can participate in various DeFi activities and income-generating activities on the BounceBit mainnet, increasing the richness of BTC asset earnings. Source:https://x.com/bounce_bit/status/1771481179683692656?s=46&t=ODDW1eIwucwwKwUR-9MGBg In terms of sources of income, by participating in BounceBit's staking and on-chain financial interactions, users can get yield on their assets: CeFi yield from native assets under centralized exchange sub-accounts. DeFi yield from interactions on the BounceBit chain. Staking rewards from using BBTC+BB for staking, as well as restaking profits from LST generated after staking. In summary, BounceBit, while ensuring asset security through multi-party custodianship, offers multiple ways to generate yield. HTX Ventures’ Investment in BounceBit HTX Ventures, being a principal investor in Bouncebit, is confident that Bouncebit is able to address a significant and genuine market demand by leveraging its centralized custody model built upon a standard sidechain. BounceBit's primary objective is to tackle issues such as interest on BTC assets, underutilization of idle BTC, lack of innovation, and high gas fees. Essentially, it aims to provide diverse revenue streams, mitigating Bitcoin's challenge of lacking smart contracts. Current solutions for enhancing the BTC ecosystem include Layers-2s and sidechains. Layer-2 solutions execute Bitcoin transactions off-chain to enhance transaction speed. Examples of Layer-2s include state tunnels and rollups. State channels, like the Lightning Network, have limited scalability and mainly focus on expediting peer-to-peer transactions, making it challenging to deploy Ethereum-level smart contracts. Rollups lack sufficient trust guarantees as Bitcoin Layer-2 solutions cannot be verified by the mainnet upon returning the ledger due to issues with underlying code and signature verification. The most promising approach currently involves upgrading Bitcoin's BIP layer and updating miners' underlying codes based on new Taproot protocols to support OP/ZKP verification and Bitcoin miner calculation. However, there may still be a long way to go before rollups' implementation. Sidechains function as independent chains, allowing users to map Bitcoin from mainnets for application. While sidechains offer better processing speeds, they lack trust verification from the Bitcoin mainnet, thus raising concerns about trust and consensus. Additionally, project misconduct is more likely to occur, jeopardizing the security of mapped assets. This TVL dilemma is common among most sidechains. BounceBit posits that the infrastructure related to Bitcoin is primarily asset-driven, emphasizing how BTC can be utilized in new environments or chains. Unlike focusing on building layer 2 solutions directly atop the Bitcoin chain, BounceBit stands as an isolated PoS layer one. Here, nodes stake both BTC and BounceBit tokens to ensure the security of the chain. The connection between BounceBit and BTC is established at the asset level rather than the protocol level. BounceBit seeks to address the consensus and trust issues of sidechains through centralized custody on top of a regular sidechain. Given current circumstances, this combination of centralization and decentralization may offer a compromise to solve both technical and trust issues. BounceBit's design mechanism and development team have created a competitive edge and opened up opportunities within the sector. Outlook With the approval of BTC spot ETFs, institutions and individuals worldwide are increasing their holdings of BTC, spurring a surge in the BTC prices. BTC now ranks among the top 10 assets globally by market capitalization. Additionally, BTC inscriptions and scaling are two niche segments gaining widespread traction in this market cycle. The progress in these areas has sparked excitement in the market, drawing more attention to the BTC ecosystem. Developers and market participants are exploring additional BTC-based use cases and income opportunities. BounceBit, as a product combining CeFi and DeFi, possesses a certain degree of innovation in its product model. By integrating centralized and decentralized mechanisms, it introduces a tri-party custodianship mechanism into the trust solution, creating new EVM chain assets to invigorate the financial attributes of native assets, potentially becoming a new solution for the Bitcoin ecosystem. Moreover, the project team has demonstrated excellent capabilities in product operation and traffic generation. HTX Ventures expects more technical breakthroughs in the BTC ecosystem, accompanied by the emergence of more ecosystem projects. This trend will fuel excitement and anticipation. Currently, BounceBit's combination of CeFi and DeFi has promising potential for TVL growth and is poised to diversify revenue streams from BTC ecosystem assets. *Special thanks to BounceBit for their support in writing this article. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

March 28, 2024 05:01 AM Eastern Daylight Time

Image
Article thumbnail News Release

Gathering of Teams! HTX Boosts Liquid Restaking Rewards with an Additional $20,000, Empowering Team Play

HTX

HTX Liquid Restaking now boasts a $100 million staking quota after the launch of the last reward boost on March 25. The exchange's super event has emerged as a top choice for users seeking rewards from on-chain ecosystems and attracted wide enthusiastic participation. In response to the wild engagement, the Liquid Restaking event launched the new feature of team participation, a catalyst fostering teamwork, competition, and the chance to seize greater rewards, and empowering users to leverage their influence. Engaging is as simple as creating your own team or joining an existing one. According to HTX's official announcement, the exchange has decided to further boost the event's reward pool by adding $20,000 worth of $HTX specifically for team leaders. (Stay tuned for more incentives for teams and team leaders.) Currently, each team can have a maximum of 300 members. As for the event details, it is reported that snapshots of the event leaderboard will be taken from March 25, 2024, at 09:00 (UTC) to April 24, 2024, at 16:00 (UTC). Rewards worth $20,000 in $HTX will be distributed within 7 working days after April 24, 2024, at 16:00 (UTC). Moreover, the rewards will be given to the leaders of top-ranked teams that hold the top 3 positions for the most days within 30 days by April 24, 2024. The rankings are based on the leaderboard's snapshots taken daily at random time during the event period. Specifically, teams will be ranked based on the team participating amount (the total assets of all members enabled for Liquid Restaking for the designated cryptocurrencies). The leaderboard can be viewed on the event page. Join now! Here's how you can create/join a team: How to create a team: Visit the Liquid Restaking event page > Click on Boost > Create Team > Set up the team profile > Share the invitation poster or link with friends; How to join a team: Scan the QR code on the invitation poster / click the invitation link > Visit the Liquid Restaking event page > Confirm / Enter the team invitation code > Join the team. The HTX Liquid Restaking event boasts features such as high value, free claims, and greater flexibility. Highlights of the event update include: ● Futures accounts are also eligible for participation. You can share corresponding crypto rewards after the platform captures a snapshot of your assets in your Spot account and net equity in your Futures account. ● Boosters. You have the chance to receive up to a 150% boost on your rewards through the following means: 1) Join or create a team. 2) Daily trading fees, including net fees generated from spot, margin, and futures trading. The higher the daily trading fees, the greater your rewards get boosted. 3) $HTX holdings (in Spot and Earn accounts). Users can register for Liquid Restaking with their spot and futures account balances snapshotted to earn rewards, including early airdrops of popular projects such as EigenLayer and Merlin Chain, as well as cryptocurrencies such as ETH, USDT, HTX, and TRX. 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 glo-media@htx-inc.com Company Website https://www.htx.com/

March 28, 2024 03:23 AM Eastern Daylight Time

Article thumbnail News Release

HTX Introduces Fee-Free BTC Trading with Daily 200K USDT Rewards Amid BTC's Surge to $70K

HTX

After experiencing the largest weekly drop in nearly six months, Bitcoin rebounded on March 25, briefly reaching $71,000. At the time of writing, Bitcoin was trading at 70,590 USDT on HTX. According to a report released by 10x Research, Bitcoin may surge to a new high of $83,000 after a period of consolidation. Ki Young Ju, the founder and CEO of CryptoQuant, has warned of a potential liquidity crisis among sellers within the next six months, citing the rapid net inflow of spot Bitcoin ETFs, which exceeded 30,000 BTC in early March. Should such a crisis occur, Bitcoin's next peak could surpass expectations due to limited seller liquidity and a thin order book. Given Bitcoin's heightened anticipation and scarcity, leveraging its volatility for maximum returns is a crucial consideration for investors. In response to this, HTX has introduced the "Trade to Earn" event aimed at enriching trading experiences and offering users opportunities for asset growth. Trade to Earn: HTX's Fee-Free Trading of BTC The Trade to Earn event is a benefit for all trading users at the HTX exchange. After successful registration for this event, participants can earn $HTX as rewards by trading designated cryptocurrencies. Additionally, all daily trading fees generated will be fully utilized for $HTX buybacks to support stable appreciation. 100% of $HTX acquired through buybacks will be entirely burned. Currently, the Trade to Earn event applies to BTC/USDT spot and futures trading. Participation in either trading type enables users to enjoy negative fee rates and stand a chance to share a daily prize pool of 100,000 USDT, respectively. This event enhances the platform's liquidity through reduced trading costs and improved trading efficiency, offering users better trading experience. Meanwhile, the supply of $HTX will be decreased through the event to enhance its stability and value, which will help attract more investors and users to participate in ecosystem development. Most importantly, this burning method also grants more earning opportunities for HTX DAO users. Through participation in liquidity mining and staking, users can receive more rewards in tokens, thereby achieving wealth appreciation. A Guide to Trade to Earn: How to Grab 200,000 USDT Daily According to HTX's announcements, the Trade to Earn event will conclude at 11:59:59 (UTC) on April 14, 2024, for the BTC/USDT spot trading and at 11:59:59 (UTC) on March 27, 2024, for the BTCUSDT perpetual futures trading. A daily prize pool of 100,000 USDT worth of $HTX will be distributed for each pair. The event is on a daily basis. A day is defined from 12:00 (UTC) on Day T to 11:59 (UTC) on Day T+1. For spot trades, rewards will be calculated and updated starting on Day T+2 at 04:00 (UTC), and users can claim their $HTX at any time. For futures trades, rewards will be credited to winners' HTX spot accounts within 3 working days after the end of each round. Trade to Earn is open to all HTX users, including market makers and API traders. To participate in Spot "Trade to Earn", you must have at least 300 Rockets and register on the event page. For the futures event, you must have at least 10 USDT (excluding futures trial bonuses) in your futures account and click on the Register Now button. Notably, starting from 16:00:00 (UTC) on March 19, 2024, trading fees corresponding to participants' rewards in the "Trade to Earn" event will no longer be eligible for commissions or rebates. Other fees generated by their trades will remain unaffected. This initiative aims to further increase the daily buyback amount of $HTX to support stable $HTX appreciation. 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 glo-media@htx-inc.com Company Website https://www.htx.com/

March 28, 2024 03:20 AM Eastern Daylight Time

Image
Article thumbnail News Release

Trust Stamp announces key milestone as company introduces AI-powered age estimation technology

T Stamp Inc

Trust Stamp CTO Scott Francis joined Steve Darling from Proactive to unveil the company's latest innovation: its AI-Powered Age-Estimation technology. This groundbreaking solution is designed to enable both online and offline enterprises to estimate the age range of users based on facial image capture. According to Trust Stamp, understanding the age of online users is of paramount importance. Not only does it ensure that services and content suitable for mature audiences are not accessed by minors, but it also safeguards platforms designed for young people from infiltration by adult users. Francis emphasized that Trust Stamp recently participated in a competition against an industry leader in the age verification field. The outstanding performance of its deep-learning technology in this test has positioned Trust Stamp to negotiate the first commercial implementation of the age-estimation technology. This success underscores the efficacy and reliability of Trust Stamp's innovative approach. The company offers flexibility in the deployment of this technology. It can be delivered as a Software as a Service (SaaS) application through the Orchestration Layer, as an on-premises installation, via a Software Development Kit (SDK) for integration into mobile applications, or potentially as a stand-alone application capable of running on the edge without Internet access. This versatility ensures that enterprises can seamlessly integrate the age-estimation technology into their existing systems and workflows, catering to diverse operational requirements. In summary, Trust Stamp's AI-Powered Age-Estimation technology represents a significant advancement in age verification solutions, providing businesses with the tools they need to ensure compliance with age-related regulations and safeguard their online platforms. With its proven performance and flexible deployment options, Trust Stamp is poised to lead the way in enabling secure and responsible interactions in the digital age. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

March 27, 2024 12:20 PM Eastern Daylight Time

Video
Article thumbnail News Release

Boardwalktech Software Corp Expands Commercial Agreements with Fortune 500 Clients

Boardwalktech Software Corp

Boardwalktech Software Corp CEO Andrew Duncan joined Steve Darling from Proactive to share exciting news about the company's expanded commercial agreements with three existing customers. Boardwalktech has developed a patented Digital Ledger Technology Platform that is currently utilized by Fortune 500 companies for running mission-critical applications worldwide. This clients include Coca-Cola, Apple and Ernst and Young Duncan highlighted one of these customers, Sekisui Chemical, which has implemented Boardwalktech's new Unity Central application to enhance its supply chain visibility and data management capabilities. These expanded business relationships underscore the value that Boardwalktech's technology brings to its clients, enabling them to optimize their operations and drive business growth. In addition to the expanded agreements, Duncan discussed the company's internal realignment efforts aimed at achieving overall profitability while maintaining sales growth. By reallocating internal resources and increasing efficiency in deal closure, Boardwalktech expects to generate approximately $1 million in annual cost savings. These savings will enable the company to focus on selective strategic additions to its Sales and Marketing teams while accelerating its timeline to profitability. Overall, Boardwalktech remains committed to delivering innovative solutions to its customers and driving value for its shareholders. The company's continued focus on enhancing its technology offerings and optimizing its operations positions it for sustained growth and success in the dynamic digital landscape. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 27, 2024 11:52 AM Eastern Daylight Time

Video
Article thumbnail News Release

Dune Integrates the TRON Network and Joins HackaTRON Season 6 as a Partner

Dune

Oslo, Norway, March 27, 2024 – Dune, a web-based platform that allows users to query public blockchain data and create it into interactive live dashboards, has officially integrated the TRON network, a high-performance blockchain known for being the home of Web3. This collaboration marks a significant milestone in increasing coverage of accessible data for the blockchain ecosystem, and in particular the stablecoin ecosystem. Additionally, Dune has joined HackaTRON Season 6 as a partner and will offer judging support. Season 6 features 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. Developers can use energy to subsidize network fees allowing for a better user experience for their dApps. *All prizes are issued in TRX or TRON network Energy, not USD, restrictions applied. All contest rules can be viewed here: https://trons6.devpost.com/rules "By joining forces with Dune, we are opening up a new world of possibilities for data analysis and transparency within the TRON ecosystem. This collaboration aligns perfectly with our mission to empower developers, users, and researchers with the tools they need to unlock the full potential of blockchain technology." - Dave Uhryniak, Ecosystem Lead, TRON DAO The TRON network’s integration into Dune brings a wealth of data and insights to the fingertips of users. From transaction volumes to smart contract interactions, the TRON ecosystem offers a diverse and dynamic landscape for exploration and analysis. Fredrik Haga, Co-Founder & CEO of Dune, expressed his enthusiasm for the collaboration, stating, "Adding TRON to our platform is a testament to our commitment to bringing all blockchain data together. We are excited to welcome the TRON community to Dune and look forward to the innovative analyses and discoveries that will emerge from this collaboration, especially the large USDT activity that happens on TRON." Accessing TRON’s data is now as straightforward as any other blockchain on Dune. Users can effortlessly create dashboards and queries to delve into the intricacies of the TRON network or explore pre-existing visualizations crafted by the community. Here are some initial dashboards to get you started: Dashboard #1 - TRON Network Overview Dashboard #2 - Stable Coin Activity Dashboard #3 - Transaction Dynamics This integration is a leap forward for analysts, developers, and enthusiasts alike, offering a new lens through which to view the evolving landscape of blockchain technology. Dive into the rich data landscape of TRON on Dune today! 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 January 2023, it has over 205.11 million total user accounts on the blockchain, more than 6.96 billion total transactions, and over $20.43 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 Media Contact Hayward Wong press@tron.network About Dune Dune is a web-based data analytics platform that democratizes access to blockchain data by enabling users to query, visualize, and share insights across various blockchains. With over 700,000 community-contributed data tables, Dune supports comprehensive analysis of tokens, wallets, protocols, and more. The platform's recent launch of the Dune API extends its capabilities for automated reporting, alerting, and integration into user applications. For more information, visit https://dune.com/home Dune | Dune Dashboards | X (Twitter) | YouTube | Discord | GitHub | Warpcast Media Contact Arnaud Simeray arnaud@dune.com Contact Details Arnaud Simeray arnaud@dune.com

March 27, 2024 11:24 AM Eastern Daylight Time

Image
Article thumbnail News Release

Netcompany joins OTCQX, eyes expansion of US investor base

Netcompany Group A/S

Netcompany (OTCQX:NTCYF) chief financial officer Thomas Johansen joins Proactive's Stephen Gunnion with more details about the Pan-European IT services firm as it starts trading on the OTCQX Best Market under the ticker 'NTCYF.' Johansen said the company has been listed on the Copenhagen exchange since 2018 and joined the OTCQX to broaden its shareholder base in the US, acknowledging the significance of the IT and technology sector there. Currently, approximately 10% of Netcompany's shares are held by US investors, with ambitions to increase this further. Trading on OTCQX is anticipated to facilitate easier investment by US investors and enhance the company's visibility in the US market. The company reported a challenging yet strong performance for the fourth quarter of December 2023, showcasing double-digit growth and robust cash flow. This growth was predominantly driven by its operations outside Denmark, particularly noting that 45% of its business originates from Denmark, with the international sector experiencing over 20% growth in 2023. Although there was a temporary softness in Denmark's private sector and public spending in 2023, both sectors are showing signs of rebound in 2024. For 2024, Netcompany projects revenue growth of 7-10% and an EBITA margin of 15-18%, expecting broad-based growth across Denmark, Norway, the Netherlands, the UK, Benelux, and Greece. This optimism is backed by a 17% increase in revenue visibility at the year's start and expected tenders within the European Union. Johansen highlighted Netcompany's investment appeal through strong organic growth, high margins, significant free cash flow, and a commitment to returning value to shareholders through buyback programs or dividends. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 27, 2024 09:43 AM Eastern Daylight Time

Video
Article thumbnail News Release

Under-The-Radar: SATO (TSX.V: SATO) (OTC: CCPUF) Bitcoin Miner Reports Strong Position For Upcoming Halving

SATO Technologies Corp.

By Austin DeNoce, Benzinga As we inch closer to April, the buzz around Bitcoin's next supply halving is palpable among crypto enthusiasts and investors alike. This event is set to reduce mining rewards to 3.125 BTC per block and stands as a pivotal moment in the cryptocurrency’s life cycle. Historically, such halvings have been the catalyst for bull markets, igniting significant price increases. Following this next halving, many price projections are well above $100,000, though such estimates are naturally speculative. However, this impending halving heralds a major change in the Bitcoin mining industry, where only those with the most efficient technology and access to low-cost energy can thrive. Many miners will likely struggle to stay profitable with the smaller block rewards, but those that survive have the potential to far exceed the movement in Bitcoin’s price. SATO Technologies: Undiscovered Gem In Bitcoin Mining For Upcoming Halving? Among the players well-positioned for the upcoming Bitcoin halving is SATO Technologies (TSX.V: SATO) (OTC: CCPUF) (“SATO”), a company that reports demonstrating strong revenue growth, profitability and cash flows, underscoring its status as an undiscovered gem in the Bitcoin mining sector. Founded in 2017 and listed on the Toronto Venture Exchange, SATO stands out for its industry-leading mining efficiency and disciplined cost structure, ensuring lean operations even in the most challenging market conditions. With more than six years of experience in developing, building and operating a data center, SATO takes a 100% self-mining approach, meaning it exclusively mines for itself without hosting. This strategy is backed by more than 5,500 computers, overseen by proprietary software developed and maintained in-house, and a 20 MW hydroelectric-powered data center in Québec, Canada, that operates on 100% renewable energy. With an output efficiency averaging 77.11 BTC per EH/s on nearly 0.6 EH/s, SATO says it is among the most efficient miners globally. Furthermore, SATO is poised to navigate the complexities of the Bitcoin halving with its strong balance sheet; cash on hand +62% YoY (2023 vs. 2022) and digital assets holdings +126% YoY (2023 vs 2022); reflecting the company’s financial health and ability to invest in growth opportunities. This financial performance is supported by a cost-effective and lean operating model, where site operating costs and other corporate overhead expenses are meticulously managed to ensure high profit margins. The company is also exploring the potential of entering the fields of High-Performance Computing (HPC) / Artificial Intelligence (AI) and Layer 2 Bitcoin technology. SATO’s Vision Into HPC, AI, And Building On Bitcoin (L2’s) Another differentiator between SATO and other miners is that the company's vision extends beyond mining. The company aims to diversify into HPC and AI. Despite the apparent differences between Bitcoin mining and AI/HPC endeavors, the underlying principle of converting electricity into high-density computational power remains the same. By applying its accumulated expertise from Bitcoin mining, SATO aims to develop highly competitive solutions to service the HPC industry like Generative AI. Also on SATO’s radar is building on Bitcoin with Layer 2 solutions with the goal to profit from the expected increase in transaction fees in the future. In pursuit of this goal, it has already made strides by introducing innovative software designed to facilitate the management of ordinals. This technology enables the creation of unique Bitcoin inscriptions and aids in the discovery of rare satoshis, showcasing the company's future potential to add value by diversifying revenue streams and further contributing to the Bitcoin ecosystem. A Digital Golden Opportunity? As the Bitcoin landscape evolves, particularly with the upcoming halving event, SATO stands out as a company prioritizing efficiency and cost discipline. Its unique approach to mining and strong balance sheet potentially position the company as a significant contender pre and post-halving. For those looking for that next undiscovered gem in the Bitcoin mining space, SATO may be worth watching, not just as a Bitcoin mining company but as a visionary enterprise potentially poised to advance the broader digital currency industry. Featured photo by Michael Förtsch on Unsplash. SATO, founded in 2017, is a publicly listed company providing efficient computing power. The Company currently operates a data center tailored to produce compute power for Bitcoin Mining, but may look to expand or add additional data centers for computing power for Bitcoin Mining, High Power Computing (“HPC”), Artificial Intelligence (“AI”), and L2’s. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Cautionary Statement Regarding Forward-Looking Information This news release contains certain forward-looking statements, including statements relating to the future performance of the Company, and other statements that are not historical facts. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Contact Details Yujia Zhai +1 860-214-0809 yujia@orangegroupadvisors.com Company Website https://www.bysato.com/

March 27, 2024 09:15 AM Eastern Daylight Time

Image
Article thumbnail News Release

Crossword Cybersecurity launches CyberAI Practice to address Generative AI risks

Crossword Cybersecurity PLC

Crossword Cybersecurity PLC group managing director Stuart Jubb discusses the company's new CyberAI Practice in an interview with Proactive London. Jubb said the new "centre of excellence" is aimed at addressing the rapid implementation of generative AI (Gen AI) and large language models (LLMs) by companies. Jubb highlighted concerns from chief information security officers (CISOs) regarding the lack of understanding of the risks associated with these technologies. The practice, part of Crossword's consulting business, aims to consolidate AI expertise into a centre of excellence, leveraging the company's deep knowledge in AI across its consulting and product teams. Collaborations with major industry partners, academics from prestigious institutions like Oxford University, MIT, and researchers from the Alan Turing Institute have enriched the practice. Services offered include workshops to educate clients on AI risks, particularly the increased threat landscape and data integrity issues posed by LLMs. Additionally, Crossword advises on leveraging AI for business enhancement, focusing on automation and security product improvement, while also addressing the potential for AI to be used in cyber attacks. Tools like Trillion HarVista are mentioned as integral to the company's approach, enabling rapid analysis of dark web activities and early warnings on cyber threats. This comprehensive approach aims to equip companies with the knowledge and tools to manage risks associated with Gen AI and LLMs. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

March 27, 2024 08:59 AM Eastern Daylight Time

Video
12345 ... 515