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Global Blockchain Tech Is About To Spend $20M On Antminer S9s

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As the cryptocurrency and blockchain spaces heat up, traders and investors are looking for an exposure to the incredible growth seen in the sector over the last twelve months. The most obvious allocation is a direct acquisition of one of the leading cryptocurrencies – bitcoin, Litecoin, etc. These coins have returned thousands of percentage points in reward over the last twelve months and they remain an attractive pick for a many.

For a large portion of the market, however, a direct cryptocurrency buy is anything but an attractive exposure.

These coins remain incredibly volatile and, at the same time, are relatively difficult not just to buy and sell but also to store securely. These barriers to entry have led many of the more traditional traders and investors to seek alternative exposures and, of these exposure types, publicly traded companies that operate in the bitcoin and blockchain spaces have become a favored asset.

Only a handful of these companies are actually tied directly to the space, however, and any of these are relatively stagnant when it comes to operational advance and establishing a position from which they can take advantage of industry growth going forward.

Of those options on offer, one of the most attractive right now is Global Blockchain Technologies Corp. (OTCMKTS:BLKCF).

The reason this company is one of the most attractive is that it’s set up as an investment management company, designed to provide investors access to a basket of holdings within the blockchain space. The company is managed by a team of industry pioneers and early adopters of all major cryptocurrencies and is headed up by an individual this fits firmly within both of these just mentioned categories – President and Chief Operating Officer, Shidan Gouran.

And as mentioned, Global Blockchain is moving fast to establish itself as a leader in the publicly traded side of this space.

On January 2, 2018, the company announced that it had received regulatory approval to complete the purchase of a previously announced batch of cryptocurrency mining equipment. Specifically, the purchase amounts to 6,666 Antminer S9s (from Bitmain Technologies Limited, a privately-owned multinational semiconductor company headquartered in Beijing, China) and equates to a total purchase price of $20 million.

The interesting thing here is that Global Blockchain isn’t actually going to be undertaking any mining operations itself. Instead, the purchase is for investment purposes (these pieces of hardware are incredibly low supply and high demand) and, alongside the regulatory approval notice, Global Blockchain reported that a company called Coinstream Mining (a company that Global Blockchain has already kicked off a collaboration with) has agreed to accept a number of Antminer’s, to be negotiated, in satisfaction of a US $10 million investment commitment to Coinstream by Global Blockchain.

So what should investors look for next as indicative of growth?

This company is in a corrective phase right now, primarily driven by the action seen in the bitcoin price over the last couple of weeks (naturally, Global Bitcoin’s share price and the bitcoin price are correlated) and there’s a good chance investors will see the current dip as an opportunity to pick up some cheap shares ahead of a return to the overarching upside momentum.

Traders should look out for any releases related to the above mentioned Coinstream negotiation, as well as any fresh deals between global Blockchain and other industry-specific companies, as company-driven catalysts. From a macro perspective, any return to strength in the bitcoin price should also boost share price.

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Construction Giant XCMG Chooses Conflux for NFTs and Future Global Blockchain Applications

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XCMG Construction Machinery Co., Ltd. (000425.SZ), the world’s third largest construction machinery manufacturers, announced a partnership with Conflux, a leading public blockchain network, and Zen Spark Technology Pte Ltd, a Singapore-based blockchain and fintech company. The partnership aims to leverage blockchain and Web3 technologies to explore more international use cases.

The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd will leverage the strengths of all three companies to explore new scenarios for the application of blockchain and Web3 technology in the global market. By combining XCMG’s extensive global network with Conflux’s cutting-edge technology and Zen Spark’s fintech expertise, the three companies aim to develop new use cases for blockchain and explore the potential of Web3.

XCMG currently ranks third place in the world’s top 50 construction equipment manufacturers, according to KHL Group’s Yellow Table 2022 ranking. In the first half of 2022, despite obstacles, XCMG expanded to overseas markets and achieved export revenue of RMB 12.488 billion ($1.83 Billion), a year-on-year increase of 157.28%. As a world leader in the construction machinery industry, XCMG’s vision is driven by long-term investment and high-level innovation in research and development into the technology surrounding its equipment.

“We are excited to partner with Conflux and Zen Spark to explore new opportunities in global markets,” said XCMG’s Vice President of Machinery and General Manager of Import and Export Company, Liu Jiansen. The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd is a significant milestone in the development of blockchain technology and its application in traditional industries. As the world becomes increasingly interconnected, the ability to leverage blockchain and Web3 technology to drive innovation and explore new business models is more important than ever.

“We are thrilled to partner with XCMG and Zen Spark to explore new opportunities in the global market,” said Fan Long, Founder of Conflux. “With our cutting-edge blockchain technology, and the expertise of Zen Spark in fintech and blockchain, we are well-positioned to create new solutions and explore new use cases for blockchain and Web3 technology. This partnership is a testament to our shared commitment to innovation and our belief in the potential of blockchain to transform traditional industries.”

“Zen Spark is excited to be partnering with XCMG and Conflux on this initiative, and we are confident that our fintech and blockchain expertise will complement the strengths of our partners,” said Grace, CEO of Zen Spark Technology Pte Ltd. “We look forward to exploring new opportunities in the global market and contributing to the development of innovative solutions that benefit businesses and consumers alike.”

At the CONEXPO-CON/AGG trade show in Las Vegas, XCMG announced their entry into Web3 by revealing Bored Ape Yacht Club NFT #3489 (BAYC #3489) as the brand’s Metaverse Ambassador. Additionally, XCMG and Conflux plan to jointly issue their first NFT collection for overseas markets in the near future. As XCMG continues to explore new opportunities in the blockchain and web3 space, the company is excited to leverage its partnership with Conflux and Zen Spark Technology Pte Ltd and their expertise in distributed ledger technology and fintech to bring innovative solutions to the global market.

The partnership between XCMG, Conflux, and Zen Spark Technology Pte Ltd will be closely watched by industry experts and investors, as the three companies explore new opportunities and drive innovation in the global market. With the power of blockchain and Web3 technology, the possibilities are endless, and the future looks bright for XCMG, Conflux, Zen Spark and the global community.

About XCMG

XCMG is the world’s 3rd largest construction machinery company, holding the 65th position in China’s Top 500 Companies, the 44th spot in China’s Top 100 Manufacturing Enterprises, and ranking 2nd among China’s Top 100 Machinery Manufacturers. Throughout its robust and steady growth in the global market, XCMG has systematically established a vast marketing network encompassing over 2,000 service terminals, more than 6,000 technical experts, and in excess of 5,000 marketing and sales service staff. This expansive network spans 183 countries and regions, enabling XCMG to consistently offer its worldwide clientele comprehensive, integrated, highly efficient, and convenient one-stop services, including pre-sales, sales, after-sales, and financing solutions.

About Conflux Network

Conflux is a permissionless Layer 1 blockchain connecting decentralized economies across borders and protocols. Recently migrated to hybrid PoW/PoS consensus, Conflux provides a fast, secure, and scalable blockchain environment with zero congestion, low fees, and improved network security. As the only regulatory-compliant public blockchain in China, Conflux provides a unique advantage for projects building and expanding into Asia. In the region, Conflux has collaborated with global brands and government entities on blockchain and metaverse initiatives, including the city of Shanghai, McDonald’s China, and Oreo.

About Zen Spark

Zen Spark Technology Pte Ltd, a Singapore-based blockchain and fintech company, is passionately committed to expanding the real-world applications of blockchain technology on a larger scale. Zen Spark Technology develops groundbreaking solutions that seamlessly integrate blockchain technology into real-world use cases. This includes areas such as supply chain management, digital identity verification, data security, and decentralized finance (DeFi), among others.

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Crossover Markets Launches First-of-its-Kind Execution-Only Digital Asset Trading Venue CROSSx with Seed Round Financing from Flow Traders, Nomura’s Laser Digital, Two Sigma, Wintermute Ventures, Gate.io and a Consortium of Retail Brokers

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Crossover Markets Group, Inc., a digital asset trading technology firm focused on meeting the unique liquidity requirements of institutions in the spot and derivative cryptocurrency markets, today announced the launch of CROSSx, its execution-only cryptocurrency Electronic Communication Network (ECN). The firm’s seed investment round was funded by a consortium of leading market participants in both traditional finance and digital assets. The investors include Exness Ltd., Flow Traders, Gate.io, GMO Internet Group, Nomura’s Laser Digital, Pepperstone, Think Markets, TMGM, Two Sigma and Wintermute Ventures.

CROSSx brings to market one of the fastest crypto trading engines in the world, designed to dramatically decrease trading costs, improve execution quality and enhance market data capabilities. Crossover aims to avoid conflicts of interest by decoupling trade execution from custody and brokerage, giving institutions the ability to freely choose their own credit counterparties. As an execution-only trading venue provider, Crossover does not hold client funds, directly handle assets or carry counterparty risk.

Crossover was founded by industry veterans from traditional finance, bringing their experience to bear on digital assets. Crossover’s Chief Executive Officer Brandon Mulvihill and Chief Commercial Officer Anthony Mazzarese most recently spearheaded the FX Prime Brokerage business at Jefferies. Arriving from Euronext FX, Crossover Chief Technology Officer Vlad Rysin brings significant experience in building and operating execution venues in equities and FX; earlier he served as CTO of Credit Suisse FICC, and CTO of FastMatch (eventually sold to Euronext).

Mr. Mulvihill said, “We are delighted with the financial backing of global industry leaders in retail brokerage, market making, quantitative trading, banking, and crypto-native firms. Our consortium partners share our vision and have paved the way to create scale and opportunities for other industry participants to join our platform and participate in future rounds.”

Crossover’s unique model leverages best practices and order logic from the equities and FX markets, seeking to deliver unprecedented efficiencies. With sub-20 microsecond matching engine latency and throughput of millions of messages per second, CROSSx is positioned to be many times faster than typical crypto exchanges, providing clients access to the fastest pricing and trade executions.

CROSSx also provides a substantial level of liquidity customization, enabling clients to create custom dark and lit liquidity pools so they can trade with whom they want based on desired trade size, spread, toxicity and skew protection. Adding to the venue’s flexibility to meet client needs, it supports anonymous, disclosed and semi-disclosed trading over one-to-one, one-to-many and many-to-many connections. Furthermore, fees to trade on CROSSx are among the lowest in the industry.

Jeff Wecker, CTO at Two Sigma, said, “As the digital assets space evolves, diverse and reliable execution venues for institutional trading are critical. We are excited to support a team with a track record of success in traditional finance in their effort to bring necessary innovation to the digital assets markets.”

Michael Lie, Head of Digital Asset Trading at Flow Traders, added, “We are delighted to be working with Crossover on this latest venture and strongly believe CROSSx can address the demand for an institutional-grade infrastructure, something Flow Traders strongly supports.”

Olivier Dang, Head of Ventures at Laser Digital, said, “The Crossover platform will drive greater efficiency for market participants by providing ultra-low latency execution. The team brings unique Tradfi expertise to the digital asset ecosystem and we are looking forward to working closely with them on scaling up CROSSx.”

Damian Bunce, Chief Customer Officer at Exness, said, “The CROSSx ECN applies a tried-and-tested Tradfi liquidity model to the digital assets industry. As a major liquidity provider of crypto assets, we wanted to be an early investor in the project and team.”

Ken Nakamura, CEO at GMO Trust, said, “CROSSx provides a highly efficient and dependable execution platform for sophisticated institutional market participants, spanning both traditional finance and digital asset ecosystems. Leveraging GMO Internet Group’s robust foundation in both areas, we eagerly anticipate collaborating closely with the Crossover team.”

About Crossover Markets

Crossover Markets is a digital asset trading technology firm focused on meeting the unique liquidity requirements of institutions in the spot and derivative cryptocurrency markets. CROSSx, the company’s execution-only cryptocurrency Electronic Communication Network (ECN), is powered by the industry’s fastest and most advanced matching engine and includes order logic that enables clients to choose whom they want to trade with. Led by a team with decades of FX trading, prime brokerage, technology and artificial intelligence experience, Crossover is ushering the next big wave of institutions into the crypto market. For more information visit www.crossovermarkets.com.

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Gridex: An on-chain order book protocol, the catalyst for DeFi mass adoption

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With the increasing popularity of decentralized finance (DeFi), the demand for decentralized exchanges (DEXs) with a better user experience and lower costs has become one of the primary goals of many blockchain projects. Gridex Protocol has taken a step forward in addressing this need by launching an on-chain order book trading protocol that offers robust decentralized attributes.

A new type of trading protocol using a dual algorithm framework

The Gridex Protocol team has introduced a new type of DEX using their dual algorithm framework, providing a solution to the shortcomings of existing automated market maker models used by mainstream DEXs. The team designed the GMOB model and GPLM algorithm to solve the problems of impermanent loss and high slippage issues preventing users from entering DeFi.

Centralized exchanges (CEXs) usually use a CLOB model for the matching engine algorithms. However, the CLOB model requires significant resources, making it impossible for them to be deployed and run on blockchain networks. The GMOB model improves the resource consumption problem caused by CLOB, allowing order books to be on-chain.

GMOB limits maker orders to an extremely narrow price range based on percentage limits, adding them to the system order book instead of executing them immediately. This feature increases liquidity in the entire system, like a CEX. Gridex Protocol drives incentives by providing makers with negative transaction fees.

The GPLM algorithm mainly handles transaction execution and settlement, measuring linear proportional relationships between changes in token prices caused by takers within a specific price range and token purchase quantities. Even if all transactions are on-chain, the gas consumption for the Gridex Protocol remains the same as a constant function market maker without imposing a higher cost burden on users.

Gridex Protocol provides clear advantages for users

Gridex Protocol is taking the user experience to the next level with its innovative technology. In the early stages of DEX development, the focus was on decentralization and transparency, but as the market evolved, improving user experience became a top priority.

Gridex Protocol offers a smoother trading experience and lower costs than its competitors. Tests have shown that trading with Gridex Protocol costs the same as Uniswap v3, at around 120,000 gas. However, completing orders with the “collect maker order” feature can save users up to 60% of gas fees compared with adding or removing liquidity with Uniswap v3. This innovative feature means users can save up to 40% on transaction costs by switching from Uniswap v3 to the Gridex Protocol.

The Gridex Protocol order system provides users with three granular options to balance transaction efficiency and fee income: 0.01%, 0.05% and 0.3%. For stablecoin pairs and other trading pairs where quick execution is essential, users can choose finer granular modes. Coarser granular options are also available for high-volatility tokens to obtain increased transaction rewards.

Gridex Protocol‘s native token GDX will list on D5 Exchange on March 15

Gridex Protocol has announced that it will list GDX — its native token — on D5 Exchange on March 15. According to the team, a total number of 200 million GDX tokens will be issued, of which 70% will be distributed to the community for proof-of-stake (PoS) rewards, maker rewards and airdrop rewards. The remaining 30% will be used to reward core contributors and early investors, and for project development and marketing.

According to the development roadmap, the Gridex Protocol team expects to launch a PoS mainnet in the second quarter of 2024, supporting mainstream layer 1s and layer 2s, establishing cross-chain order books, with D5 Exchange becoming the DEX that aggregates liquidity from the entire network.

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Chainlink Price Feeds Go Live on Base Testnet, New Ethereum L2 Incubated by Coinbase

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Today, Chainlink Price Feeds are live on Base testnet, a new Ethereum L2 incubated by Coinbase. Base aims to offer developers a secure, low-cost way to easily build decentralized applications. With this integration, developers building on Base can have access to industry-standard Chainlink Data Feeds and other web3 services.

Base will also be participating in the Chainlink SCALE program, designed to make Chainlink data and services available to developers at a lower cost. As part of the program, Base will cover certain operating costs of Chainlink services on its network, and reduce the gas costs incurred by Chainlink nodes when submitting oracle reports on Base.

“We’re super excited to launch Base with collaborators such as Chainlink, and to join the Chainlink SCALE program to empower developers with the critical data and services they need to build their applications,” said Jesse Pollak, Base lead.

Chainlink SCALE is an initiative centered around sustainably accelerating the growth of blockchain and Layer-2 ecosystems. Its focus is providing L1s/L2s with increased access to high-quality, low-cost, and in-demand oracle services by enabling them to cover the operating costs (e.g. transaction gas fees) of Chainlink oracle networks for a period of time. As blockchain/L2 ecosystems in the Chainlink SCALE program mature, the operating costs of oracle networks can increasingly transition toward being fully covered by dApp user fees.

“We’re thrilled to support the testnet launch of Base and work with them on the SCALE program to support the ecosystem growth and long-term adoption of the Base Layer-2 network,” said Niki Ariyasinghe, Global Head of Blockchain Partnerships at Chainlink Labs. “By reducing the operating costs of oracle nodes, Base will be able to bootstrap its ecosystem’s growth and become a more attractive environment for building secure and scalable Web3 apps.”

This deployment of resources will help Base become a secure and high-utility layer-2 solution in the Ethereum ecosystem, while giving its ecosystem developers a wide range of highly reliable oracle services for an extended period of time. This will set a foundation for Base to be able to support secure, fully featured, and highly performant applications.

About Chainlink

Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

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Aurora Labs Launches Turnkey Blockchain Solution for Businesses Transitioning to Web3

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Web3 infrastructure startup Aurora Labs announced the launch of Aurora Cloud, a platform and suite of products that allows today’s Web2 businesses to capture the value of Web3.

Aurora Cloud — Platforms like Amazon AWS and Microsoft Azure unleashed the potential of Web2 by democratizing the building blocks of the internet. In a similar way, Aurora Cloud — including Borealis Business, Aurora Pass and Aurora Silos — eliminates the technical and user experience barriers that keep Web2 businesses from capturing the full value of Web3.

The foundation of Aurora Cloud is Aurora, the innovative blockchain that provides full Ethereum compatibility, while leveraging the speed, low-cost and infinite-scalability of the third-generation layer-1 protocol, NEAR.

Borealis Business — The first pillar of Aurora Cloud is a transaction processing and accounting engine known as Borealis Business that allows Web2 companies to add blockchain capability to their applications in a way that completely removes costs and other technical complexities from the end-user experience. The product also includes all the data tools necessary to support business operational monitoring, understanding and optimization.

Aurora Pass — Many of today’s Web2 companies are mobile-first or mobile-only. For these customers, the second pillar of Aurora Cloud is the Aurora Pass digital wallet, facilitating the adoption of blockchain technology in mobile applications with minimal development work, and allowing users to authorize transactions using the same biometric facilities like Touch ID and Face ID they’ve come to know and love.

Aurora Silos — While the permissionless nature of public blockchains ushers in a new age of ubiquitous accessibility, many of tomorrow’s most valuable blockchain use cases will require app-specific and business-specific blockchains. To address this need, the final pillar of Aurora Cloud is Aurora Silos, which are customer-specific, dedicated blockchains, running on the Borealis Business infrastructure, and providing an unparalled feature set.

Aurora Silos go beyond Ethereum compatibility, allowing customers to design and implement their own custom tokens, tokenomics and even transaction fee mechanics, to support any imaginable blockchain business model. As a dedicated blockchain, Aurora Silo customers can implement multiple-levels of access control, perfect for KYC/AML-restricted “permissioned” DeFi environments, members-only access to games, or any context requiring the management of network access and activity — and without closing the door to interoperability and cross-network composability with public protocols like Ethereum, Aurora or NEAR.

White-glove service and support — For customers that need integration assistance, or even conceptual ideation around how to best adopt blockchain technologies in their businesses, Aurora Labs’ crypto-native business development and engineering teams are ready to serve as a partner every step of the way.

“It’s thrilling to be part of a technical revolution, and to be building the infrastructure that businesses need to onboard millions to Web3.” Alex Shevchenko, CEO and co-founder of Aurora Labs

The platform is currently in beta, and available for early business integrations.

https://auroracloud.dev

About Aurora & Aurora Labs

Aurora is a platform for Web3 developers to build pioneering and scalable distributed applications. Powered by its high-performance Ethereum Virtual Machine (the Aurora Engine) and fully trustless bridge (the Rainbow Bridge), Aurora combines the builder-friendly development experience of Ethereum with the modern blockchain performance of the NEAR Protocol to offer an environment for creating highly scalable, carbon-neutral, future-safe, and low-cost Web3 services. To learn more, visit www.aurora.dev.

Aurora Labs is a Web3 infrastructure startup. To learn more, visit www.auroralabs.dev.

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Thaw Digital Emerges from Stealth Mode and Announces First Protocol, Coolwater, to Facilitate Collateral Management of Tokenized Assets

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Thaw Digital, a financial technology company, emerged from stealth mode today to announce the launch of its first decentralized credit protocol, Coolwater.

Coolwater provides trust-minimizing smart contract infrastructure to coordinate the terms on which capital can be called, deployed, and managed. While existing decentralized finance (DeFi) protocols allow for the tranching of financed assets’ repayment risk, Coolwater offers composable functionality to ensure that underlying collateral meets prescribed eligibility criteria and portfolio concentration ratios.

Thaw was founded in late 2022 by Tom Meister, who previously co-founded NepFin, a San Francisco-based fintech that was acquired by Zilch, and later served as Zilch’s US COO & General Counsel. Meister previously served as an executive at Funding Circle, a marketplace lender that went public in 2018, and began his career as a finance attorney in the San Francisco Bay Area. Thaw raised a pre-seed round led by C2 Ventures with participation by RNR Capital.

“The need for sound, transparent, self-executing collateral management extends beyond crypto. We’ve designed Coolwater not only to promote prudential risk management among DeFi protocols and crypto-native firms, but also as an entry point for traditional institutions to begin realizing the benefits of blockchain and smart contract technologies. This is the first offering at Thaw in our mission to help mitigate risk and broaden adoption for tokenized assets.”

Thaw joins a broader movement supporting the tokenization of real world assets (RWA), but still remains actively involved in the development of institutional markets for crypto-native assets as well. Thaw’s COO & Head of Product, Sumit Rastogi, previously held product leadership roles at Paraspace, an Automated Money Market for NFTs, and nWayPlay, a licensed NFT marketplace. While supporting RWA asset originators to deploy their own Coolwater vaults, Thaw is expected to sponsor its own vault strategy to support liquidity and growth for blockchain-native NFT projects.

About Thaw Digital

Thaw Digital, Inc. is a financial technology company that delivers liquidity and collateral management solutions for tokenized assets. Based in Oakland, CA, Thaw is supported by C2 Ventures and RNR Capital. For more information, visit www.thawdigital.com.

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Changelly announces major update to its DeFi Swap platform

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Changelly has released a significant update to DeFi Swap — a fully decentralized exchange (DEX) that embraces all of the benefits of decentralized finance (DeFi), including optimized transaction cost and instant transaction processing. From now on, users will be able to swap thousands of tokens on six various networks: Ethereum, BNB Smart Chain, Polygon, Avalanche, Fantom and Optimism.

Operating as a liquidity aggregator, Changelly DeFi Swap uses the smart router to find the best way for swap execution among different liquidity providers and to suggest the most optimal split to proceed with the transaction. Thanks to this update, every Changelly client can upgrade their crypto experience with the following:

  • 3500+ DeFi tokens
  • Beneficial rates
  • Lots of liquidity sources with 100+ DEXs connected

To celebrate the DeFi Swap update, Changelly is launching a contest. Complete any swap via Changelly DeFi Swap by Feb. 13 at 8:00 am UTC for a chance to share a prize pool of 100 Tether. Additionally, one user who completes the biggest transaction by volume during the promo period will be guaranteed to receive 100 USDT.

About Changelly

Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto, including DeFi swaps, affiliate tools, a crypto platform for crypto trading and more. Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to various cryptocurrencies that can be effortlessly exchanged or purchased within a few minutes on desktop and on the go via the Changelly mobile app.

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The Launching of the BIFROST Network, a Multichain Gamechanger

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The multichain middleware platform BIFROST run by PiLab Technology, a South Korean VC specializing in blockchain services, recently unveiled their mainnet, the BIFROST Network. Fueled by their own mainnet, BIFROST hopes to create an easy-to-use multichain experience and to foster a unique blockchain ecosystem that leverages the multichain technology.

The BIFROST Network is a permissionless Substrate-based, EVM-compatible layer-one blockchain solution, with reasonable fees (averaging $0.03) and fast finality. Through node operators called relayers, the BIFROST Network formulates an optimal crosschain route and provides an excellent environment in which DApps can easily grow.

With the launch of the mainnet, BIFROST is introducing an advanced bridge function that supports automatic rollback of transactions should any crosschain transaction fail. This mechanism reverts the transaction to its original state to prevent assets from being lost. Also, by providing a reliable price oracle with prices verified by network validators, BIFROST further enhances its security through decentralization. The fact that BIFROST’s previous DeFi projects including BiFi and ChainRunner are available on the mainnet, is another benefit of the network.

Furthermore, BIFROST created the BIFROST Ecosystem Fund in an effort to nurture their newly-founded ecosystem. By incentivizing development of multiple DApps on the ecosystem, it will foster and support the BIFROST Ecosystem and the many projects that decide to make BIFROST their homes.

Dohyun Pak, the CEO of BIFROST, exclaimed that he is thrilled to showcase PiLab’s technological prowess to the global audience with the launch of their mainnet, and that the company will continue to focus on the public adoption of blockchain technology by building a healthy ecosystem.

PiLab Technology is a blockchain-based technology company that has developed multiple multichain services, including BIFROST and BiFi. With the mission of enabling DApps to operate on top of multiple protocols, Dohyun Pak founded the company with Jonghyup Lee, CTO, and Changhyun Yoo, COO, in 2017.

Recognized for its innovative technology and proving the scalability of its products, PiLab has raised $8.4 million in Series A led by Korea Investment Partners, STIC Ventures, and Yuanta Investment.

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Notifi Launches on Arbitrum, Starting with Vesta and SynFutures

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Notifi, the cross-chain messaging infrastructure layer for web3, is excited to announce its support for the Arbitrum Blockchain. With this integration, Arbitrum users can now receive real-time notifications from their favorite dApps on the blockchain through SMS, email, Telegram, wallet-to-wallet DMs, and more.

Notifi aims to solve the broken communication problem in web3 between users across different dApps and blockchain ecosystems. By launching its SDK support and Notifi Hub on Arbitrum, the platform takes a significant step towards achieving this goal. Arbitrum, a Layer 2 solution compatible with Ethereum smart contracts, has seen tremendous growth in the past year, making it an attractive option for developers due to its affordability, speed, and scalability.

With the Notifi Hub, Arbitrum users can now keep track of their web3 activity and notifications in one accessible and user-friendly location across all their wallets and supported blockchains. Meanwhile, the Notifi SDK allows developers on Arbitrum to create and manage notifications for their dApps without needing to build out the infrastructure.

Notifi is also thrilled to announce its launch partnership with Vesta and SynFutures, two prominent DeFi protocols native to Arbitrum. Vesta has added Notifi to improve the user experience by providing alerts for general announcements and liquidation threats, while SynFutures has integrated Notifi to provide key information to its traders in near-instant time. This allows users to receive real-time alerts wherever they are and on the channels they choose, making monitoring DeFi positions less time-consuming.

About Notifi
For more information, visit www.notifi.network.

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Cryptomining? The opportunity Fog Hashing brought to CES 2023

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Last year at CES 2022, Fog Hashing was the world’s first company to release a product tailored for decentralized home or office mining. That product immediately harvested public attention and went on hot sale afterward.

After one year of research and development based on the C1, Fog Hashing was back at CES 2023 with its latest product, the C2. In addition to the sleek aesthetics inherited from C1, four universal wheels have been added to C2, allowing it to travel around more easily. The sleek 1.35-inch OLED screen allows both touchscreen control and real-time display of the system’s operating status, making this hardcore mining machine more like a well-designed modern home appliance.

Besides its appearance, the C2 model is more pragmatic. As an upgraded model from C1, it optimized more than 30 details. The most eye-catching aspects are:

  • The improved cost-effectiveness.
  • The lowered noise.
  • The enhancement of leakage protection.
  • The optional integration with solar mining or heat recovery technology reduces the cost of mining.

Fog Hashing comes with its consumer end products, the C1, C2 and B6D, filling the gap in the consumer market.

A Mind-Blowing Product You May Never Have Seen Before

Apart from deep cultivation in the emerging decentralized consumer end market, Fog Hashing also devotes itself to the large-scale centralized commercial mining market.

Fog Hashing’s B6 and B24 tanks are all easily expandable for massive warehouse deployment, and the BC20 and BC40 mega mining containers have two options of external cooling systems to suit various climate environments, from the humid jungles in the Amazon to the dry Sahara, from the freezing Canadian tundra to the blazing Arabian Peninsula.

And the most mind-blowing product is the newly announced M6-56, a milestone in the entire mining industry.

Fog Hashing’s M6-56 will cure a headache that mining farms are facing nowadays – the refitting of current air-cooling models to immersion cooling costs labor and time expenses. More consequentially, it leads to the void of warranty.

Born to be the world’s first all-in-one immersion miner, Fog Hashing’s M6-56 is deeply integrated with Whatsminer’s M56, its first pure immersion mining rig. Some highlights are:

  • The official immersion mining warranty.
  • Up to 30% of the maximum overclock ratio.
  • Remote monitoring and control by Fog Hashing’s SaaS platform.
  • Dynamic power adjustment to save energy cost.
  • Support the Demand Response program with a fast and safe batch operation.

Unprecedented Momentum in the Mining Industry

Though still at a young age, this Singaporean company has operated globally. Its supply chain management office in China provides customers with low-cost products, while its strategic development office in Silicon Valley, USA, not only equips Fog Hashing with state-of-the-art technology but also enhances its cooperation with multiple other companies in or beyond the mining industry.

Fog Hashing collaborated with iBeLink and co-developed the world’s first official immersion cooling miner, the iBeLink U series. A joint appearance of Fog Hashing and iBeLink released the latest products, BM-K3 and BM-N3 series, air-cooling models for now, but the immersion cooling version will be available soon.

The cooperation with Whatsminer on the M6-56, of course, can’t be ignored. Other cross-industry contributions include petrochemistry (the coolant) and chip-making (the next-generation chips targeting the cryptomining industry). Fog Hashing is holding an online launching event to release more information.

The past year has been challenging for everyone, but Fog Hashing still seems dynamic and ambitious. ”We will continue to innovate and bring more valuable products to our customers,” says Paul Li, CEO of Fog Hashing.

What innovations will Fog Hashing bring to the mining industry at CES 2024? Let’s wait and see!

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