Cryptocurrency Archives - Page 3 of 7

Solidus Ai Tech Launches Eco-Friendly AITECH Cryptocurrency

As part of Solidus‘ permanent drive to improve efficiencies and minimise power consumption in its High Performance Computing (HPC) Data Centre operating under ISO 14001:2015, Solidus Ai Tech has recently launched Artificial Intelligence utility token AITECH, an eco-friendly cryptocurrency.

Solidus Ai Tech R&D specialists have achieved a ground-breaking 40% reduction in power consumption against industry average for their Ethereum mining hardware. The company will run its AI hardware on the same Intellectual Property (IP), which will make its new HPC Data Centre one of the most eco-friendly in the World.

Founder and Head of UK Operations Paul Farhi said: “We are strong supporters of the Crypto Climate Accord, which is focused on decarbonising the cryptocurrency industry. We aim to become leaders in the ongoing campaign to make crypto green. Our token AITECH is non-mineable which is far more energy efficient than mined coins as they don’t require large amounts of power in order to secure the network. Mined coins (PoW) consume a lot of energy and also require specialised mining equipment. The cost of validating transactions on AITECH will be much lower in comparison to mined coins which means our token will be far more eco-friendly.”

The new Data Centre infrastructure will be the perfect solution for any organisation requiring Artificial Intelligence services. A key technology being used by the company is evaporating air cooling technology. This technology is energy-efficient and environmentally friendly, consuming 80% less energy than compressor air conditioning. It can lower the air temperature by up to 12 degrees, improve air quality by removing dust, fumes and unpleasant odours, and it does not require the closing of doors or windows. HPC centers already consume large portions of the world’s available energy, with various air-cooling solutions consuming up to 30% – 40% of the total energy deployed. Therefore, there is an urgent need to deploy sustainable solutions.

By using a special software algorithm and customised hardware architecture, one AI GPU in the new Data Centre infrastructure will use similar power to a household light bulb, and all of the materials are renewable. The heat generated by the machines will be reused in the company’s production facility to provide warmth during the cold season.

Around the building premises, the company will plant 128 trees as part of a volunteering programme in partnership with the Ministry of Education in Romania. The top 10 National Olympics teenage computer scientists will also be invited to join the Solidus Technologies Educational Awards Programme.

About Solidus & Solidus Ai Tech

Founded in December 2017, Solidus Ai Tech Ltd started as a cryptocurrency mining ﬁrm with a particular focus on mining Ethereum (ETH) via GPU-based mining rigs. In the wake of the 2020 financial crash and the significant boost in demand for AI services, the company shifted its core focus to Artificial Intelligence and incorporated Solidus Ai Tech Ltd to become the AI arm of the business. Solidus’ Artificial Intelligence infrastructure will enable Government Authorities, Megacorps, SMEs, and Professionals to purchase AI services using the world’s first AI utility token AITECH. AITECH can be bought, staked, or held. For more information see: https://ai-tech.io

Social Links:
Telegram: https://t.me/solidusaichat
Instagram: https://tinyurl.com/aitechinstagram
Facebook: https://tinyurl.com/Aitechfacebook
Twitter: https://tinyurl.com/aitechtwitter
LinkedIn: https://tinyurl.com/aitechlinkedin
YouTube: https://tinyurl.com/aitechyoutube
Reddit: https://tinyurl.com/aitechreddit

Media Contact
Solidus AITECH
Paul Farhi, Founder & Head of UK Operations
E: admin@ai-tech.io
U: https://ai-tech.io

SOURCE: Solidus AITECH

Cross-Chain Scaling Solution BTTC Officially Goes Live, TRON Aims at “Connecting All Chains”

TRON, a leading public chain, is pleased to announce a major initiative with BitTorrent Chain (BTTC) test network, a layer 2 cross-chain scaling solution compatible with TRON, Ethereum and BSC (HECO and OEC to be integrated in the near future). BTTC officially went live on October 30.

BTTC is the first heterogeneous cross-chain interoperability protocol in the industry, with core advantages such as fast transmission speed and low transaction costs while ensuring asset security. BTTC was born to address the need for cross-chain scaling solutions.

Public chain projects are growing rapidly in number. However, many of these projects are not interconnected owing to incompatible technologies, ecosystems, and competition, leading to isolated users, assets, applications, data, altogether curbing the growth of the industry as a whole.

Connecting to mainstream public chains such as TRON, Ethereum and BSC reduces information and asset barriers, and enables a smooth exchange of data and value. BTTC will help to overcome data isolation among public chains.

TRON founder Justin Sun, in an open letter to the community, said that BTTC will provide global mainstream blockchains with a practical scaling solution, and more importantly, will deliver heterogeneous cross-chain communication that is decentralized and free of trust, ushering in a new era of “connecting all chains”.

TRON has also committed a total of US$1 billion to spur the migration of projects from Ethereum onto BitTorrent Chain (BTTC). BTTC is in line with TRON’s vision of connecting all chains.

TRON is among the world’s three largest public chains today, with 58 million accounts, 2.5 billion transactions, upwards of $50 billion on-chain assets, a TVL of more than $11.5 billion across its DeFi products and over $10 billion worth of transactions daily, five times higher than that of PayPal.

With BTTC, TRON hopes to draw users to its increasingly prosperous and diverse ecosystem, unleashing even greater potential.

Media Contact
Jessica ZHANG, TRON
Email: jessica.zhang01@tron.network
Website: https://tron.network/

TRON Officially Launches Cross-Chain Scaling Solution BitTorrent Chain (BTTC)

On October 30, TRON tweeted to announce the official launch of BitTorrent Chain (BTTC) test network. BTTC is already compatible with TRON, Ethereum and BSC. It will also support HECO and OEC in the near future. Down the road, BTTC will arrive on more public chains to deliver its mission of connecting all chains. In the meantime, TRON will earmark $1 billion to spur the migration of projects from Ethereum onto BTTC.

BTTC is co-developed by the core teams of BitTorrent and TRON, and is the first heterogeneous cross-chain interoperability protocol in the industry. It features a PoS consensus mechanism and multi-node validation, and supports off-chain matching and smart contract extension through sidechains. These have endowed BTTC with core competencies such as a heterogeneous cross-chain structure, fast and cost-effective transfers, and asset security.

By leveraging the fully decentralized BTTC, users are able to transfer mainstream assets among TRON, Ethereum, BSC in a decentralized manner without any limit, according to the open letter by TRON founder Justin Sun on TRON’s new vision and the official launch of BitTorrent Chain.

Further, as a layer 2 network that is compatible with both the TRON and Ethereum protocols, BTTC features full compatibility with EVM — all EVM developers are allowed to easily migrate their Ethereum-based applications fully onto BitTorrent Chain, which provides superior scalability for the Ethereum network.

As BTTC arrives, TRON will see the emergence of a closed-loop ecosystem of layer 1 and 2 networks with sound cross-chain connectivity. By integrating both a robust underlying network of Global Human Settlement Layer and a heterogeneous, scalable cross-chain network BitTorrent Chain that features high throughput and full compatibility with EVM, TRON will enable smooth communication with the world’s top layer 1 networks such as Ethereum and BSC.

It is noteworthy that a verifier election of BitTorrent Chain nodes will be held on the TRON blockchain, similar to the one for the TRON protocol. Everyone can take part in the election to become a BTTC node, and BTT holders can cast their votes to earn staking rewards. It is also worth attention that only a limited number of seats are available, and the election will be ended once the limit is reached. Users can earn BTT rewards and co-govern the community once they become the verifiers.

TRON is among the top three public chains and one of the largest blockchain-based operating systems in the world. It has been on a fast track to growth since its inception, and now boasts upwards of 58 million users, more than 2.5 billion transactions, and a TVL of over $11.5 billion. Compared with traditional financial transfer networks, TRON’s daily settlement volume is already five times higher than that of PayPal.

TRON has also been active in the innovation of NFT’s underlying technology. Besides launching the first NFT standard TRC-721 this March, TRON also enhanced the world’s largest distributed storage system BTFS, providing a comprehensive and efficient infrastructure to turn artworks as NFTs on blockchains. Today, TRON’s ecosystem is taking off on all fronts.

With the BTTC launch as the prelude, TRON and BitTorrent are officially making inroads into the cross-chain race, ushering in a new era for us all.

Media Contact
Jessica ZHANG, TRON
Email: jessica.zhang01@tron.network
Website: https://tron.network/

Hatten Land Forms Joint Venture with Singapore Fintech Group Hydra X to Develop and Operate Cryptocurrency Exchanges in Singapore and Malaysia Focused on “Green” and “Clean” Cryptocurrencies and Tokens

SGX Catalist-listed Hatten Limited (Hatten Land, Company, and together with its subsidiaries, the Group) is pleased to announce that its wholly-owned subsidiary Hatten Technology (S) Pte. Ltd. (Hatten Technology) has signed a joint venture agreement (JVA) with homegrown fintech company HydraX Pte. Ltd. (Hydra X) to establish a joint venture company (JVC) to jointly develop and operate ‘first-of-its-kind’ cryptocurrency exchanges (Crypto Exchanges) in Singapore and Malaysia.The Crypto Exchanges and related custodian services are subject to obtaining the necessary regulatory approvals which JVC will be applying for in both countries. The two Crypto Exchanges, are believed to be the first such exchanges worldwide.

The JVC is the latest initiative undertaken by Hatten Land to re-purpose its malls in Melaka and align its business model with the growth trends of the digital economy. The Group has announced plans to create a ‘metaverse’ digital twin of historical Malaysian city and to develop a dedicated token system, and create digital assets, including nonfungible tokens (“NFTs”).

Hatten Land is also working with partners to install solar panels on rooftops of the malls and potentially build large-scale solar photovoltaic (“LSSPV”) facilities of 100 MWp. These panels will enable environmentally-friendly cryptocurrency mining which will commence with 3,000 mining rigs to be operated with two different partners. The digital assets derived from these new initiatives may also be listed or traded on the Crypto Exchanges.

With every transaction being recorded on distributed ledgers, regulated financial institutions might reject Bitcoins that may have been used for illegal activities. However, freshly minted ‘Virgin Bitcoins’ with no transaction history are considered pristine and can potentially command a premium. ‘Green Bitcoins’ mined with renewable energy sources are also gaining popularity among cryptocurrency investors.

The Crypto Exchanges will focus on listing and trading of newly-minted Bitcoins (also known as “Virgin Bitcoins” or “Clean Bitcoins”), eco-friendly BTC wrapper tokens (“Green Bitcoins”), as well as other “green” cryptocurrency, tokens and/or “green” credits. In addition to operating the exchanges, the JVC will also generate revenue by providing custody services for the cryptocurrencies and tokens that are being traded.

Under the JVA, the Group will hold a 60% equity stake in the JVC with the remaining 40% equity stake to be held by Hydra X. As partial consideration for the development costs for the Crypto Exchanges, Hydra X will be issued new ordinary shares of Hatten Land and Hydra X will become a shareholder of the Company.

Hydra X Provides a Complete Suite of Professional Features Across Traditional and Digital Asset Classes
Singapore-headquartered Hydra X offers digital technology infrastructure to global financial institutions in the capital markets space. It provides regulatory compliant, end-to-end multi-asset market infrastructure solutions which allow interoperability between digital and traditional assets. Headed by founding CEO Daryl Low, Hydra X’s management team has altogether 60 years of experience in finance, financial regulation, law and technology.

Hydra X’s customers include financial institutions such as DBS, and currently provides custodian services for digital securities under the FinTech Regulatory Sandbox of the Monetary Authority of Singapore (“MAS”).

Proposed Share Placement to Technology-focused Investor, Golden Summit
Hatten Land has proposed to issue 20 million new ordinary shares at S$0.06 per share to Golden Summit International Ltd, of which 70% of the net proceeds will be used to fund new business initiatives of the Group and the rest will be used for working capital.

The placement price of S$0.06 per share represents a discount of approximately 2.12% to the volume weighted average price of S$0.0613, based on trades done on the Shares on SGX-ST from 27 October 2021 up to the trading halt on 28 October 2021 (being the market day on which the Placement Agreement is signed).

Golden Summit invests in consumer and enterprise tech companies in Southeast Asia, North Asia and North America, focusing on enterprise software, fintech, e-commerce and healthcare industry. Its investments include Coupang, the largest online marketplace in South Korea and Stockbit, a popular Indonesian stock trading app, among others.

Dato’ Colin Tan, Executive Chairman and Managing Director of Hatten Land, said: “This joint venture to develop and operate Crypto Exchanges is strategic to our digital and blockchain initiatives. The listing and trading of digital assets will significantly enhance the value proposition of our strategic pivot towards the digital economy. While cryptocurrencies are becoming mainstream, we foresee a growing demand for ‘Virgin’ and “Green” Bitcoins amid the rising ESG trend and we look forward to harness the opportunities in this area.”

Mr. Daryl Low, CEO of Hydra X, said “This initiative is a step towards fulfilling Hydra X’s aim to help catalyse institutional adoption of digital assets. We look forward to a fruitful partnership with Hatten Land to enable global trading in the digital capital markets space while playing a part in promoting environmental sustainability by addressing concerns of socially conscious investors.”

Note: This media release is to be read in conjunction with the SGX announcements released on the same date.

About Hatten Land Limited
Hatten Land Limited is one of the leading property developers in Malaysia specialising in integrated residential, hotel and commercial developments. Headquartered in Melaka, it is the property development arm of the conglomerate Hatten Group, which is a leading brand in Malaysia with core businesses in property development, property investment, hospitality, retail and education.

Hatten Land Limited began trading on the Catalist board of SGX-ST on 28 February 2017 after the completion of the reverse takeover of VGO Corporation Limited. For more information, visit: www.hattenland.com.sg.

For share information, please see SGX: PH0 / Bloomberg: HATT:SP / Reuters: HATT:SI.

Issued on behalf of Hatten Land Limited by WeR1 Consultants Pte Ltd.

Media & Investor Contacts:
Mr Isaac Tang
Mobile: +65 91780269
Email: hatten@wer1.net

Award for the Fastest Growing Consumer Product in Crypto for 2021 Goes to Revuto

Blockchain startup Revuto has been named the Fastest Growing Consumer Product in Crypto for 2021 at World Blockchain Summit (#TresconWBS) in Dubai.

Responsible for the first-ever token sale on Cardano, raising $10m in the process, Revuto is an active subscription management platform that is designed to save users money. In addition to attracting 3m million sign-ups for early access, the platform boasts over 200,000 active users, who appreciate the ability to leverage Cardano-native tokens and DeFi to cover all their subscription payments.

One of the premier events in the crypto calendar, the World Blockchain Summit unites thought leaders, investors, government representatives, developers and media outlets under one roof.

“To say that the entire Revuto team is thrilled would be an understatement. It is a wonderful validation of all the work we are doing behind the scenes. Of course, this would not have been possible without the unstinting support of our global community! Revuto is well on the way to becoming a global force, and receiving such recognition from our peers in the blockchain world is quite humbling,” said Revuto co-founder & SVP of Strategy & Communication Josipa Majic.

About Revuto

Revuto is an active subscription management solution and first ever token sale on Cardano. Revuto raised $10M and has 3m signups for early access with 200k active users worldwide.
By leveraging Cardano native tokens and DeFi to pay for subscriptions, Revuto’s ecosystem is designed to save people money regardless of crypto market conditions. Revuto users can subscribe to services using the Revuto debit card, the built-in wallet supports Cardano-native tokens, and the accompanying app can be used to Block, Snooze or Approve subscription charges as they occur.

The Revuto app is available for iOS and Google Play .

Website: https://revuto.com/
Contact: josipa@revuto.com

NextPlay Technologies, Inc. Announces Plans to Launch a New Class of Tokenized Medical Real Estate in Conjunction with NextPlay’s Extension into Medical Tourism

NextPlay Technologies, Inc. (NASDAQ: NXTP) (the Company or NextPlay), a digital business ecosystem for consumers, digital advertisers, video gamers and travelers, announced today the plans to form the MedTrek Fund, which is expected to be a blockchain securitized closed-end fund. The fund once formed, is anticipated to seek to list on multiple regulated exchanges, subject to regulatory approval.

The Company has designed a new class of medical facilities that integrates unique geometries and technologies it believes will reduce the spread of infection.

According to a World Health Organization (“WHO”) report in 2019, an estimated 7 percent of hospitalized patients in high-income countries and 10% of hospitalized patients in low- and middle-income countries will acquire one or more health care-associated infections (“HAIs”) at any given time.

The new class of medical facilities, planned to be developed by the Fund, is expected to combine proprietary physical designs and technologies with the goal of protecting patients from the spread of infection and harm from physical intrusion.

The Company believes that the Fund, once formed, will have the ability to offer facilities designed to lower the likelihood of infection for four medical asset classes including primary care, tertiary care, long term care and resort convalescent facilities. The Fund is also expected to invest in wellness-oriented residential and commercial facilities that are integrated with the proposed physical and technological layers.

NextPlay is in discussions with prime landowners in several countries to contribute their property assets to the proposed Fund. These countries, including Thailand which had the world’s largest share of medical tourism in 2019 (according to the Grandview Research report discussed below), have experienced significant declines in tourism due to COVID-19, but are expected to have robust medical tourism growth in the coming years. Additionally, NextPlay is also in discussions with certain medical service providers located around the world who are interested in offering services in facilities that resist infection spread, and offer a higher level of physical security.

The Fund’s initial focus is expected to be Southeast Asia where we believe such facilities are most likely to benefit from expected growth in medical tourism. According to Grandview Research, the medical tourism market is expected to grow from $44.8 billion in 2019 to $207.9 billion by 2027, with Thailand currently having the largest market share.

Bill Kerby, co-CEO of NextPlay, stated, “The MedTrek Token is planned to be the first of several crypto-securitized alternative assets that we expect to issue through our FinTech division which includes our indirect ownership in Longroot Holding (Thailand) Company Limited. Through our efforts to date, we believe we have identified opportunities in medical tourism and its adjacencies. Leveraging on our partners’ significant understanding of real estate development, we believe that we can help catalyze on the growth potential we see in medical tourism by using common sense design and the deployment of latest technologies including Internet of Things and Machine Learning.”

The planned Fund discussed above has not been formed to date, and such formation and anticipated benefits and offerings, are subject to numerous risks and uncertainties, and may not progress on the timeline as currently anticipated, or at all.

The Company’s short video explaining MedTrek is available here. https://www.youtube.com/watch?v=0Ni1vM7XFno

About NextPlay Technologies
NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay’s engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. To learn more about NextPlay, visit NextPlayTechnologies.com, and follow us on Twitter @NextPlayTech and LinkedIn.

Important Cautions Regarding Forward-Looking Statements and Disclaimers
This press release includes “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release.

Factors that may cause such a difference include risks and uncertainties related to our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; certain required regulatory approvals, which may not be met within our expected timeframe, if at all; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a significant material adverse impact on the travel industry and our business, operating results and liquidity; amounts owed to us by third parties which may not be paid timely, if at all; certain amounts we owe under outstanding indebtedness which are secured by substantially all of our assets and penalties we may incur in connection therewith; the fact that we have significant indebtedness, which could adversely affect our business and financial condition; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may adversely affect the financial strength of our business partners; our ability to close, timely, or at all, the acquisitions of certain intellectual property assets from Fighter Base and Token IQ, as previously disclosed; the officers and directors of the Company have the ability to exercise significant influence and voting control over the Company; stockholders may be diluted significantly through our efforts to obtain financing, satisfy obligations and complete acquisitions through the issuance of additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could be harmed; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our long-term travel business success depends, in part, on our ability to expand our property owner, manager and traveler bases outside of the United States and, as a result, our travel business is susceptible to risks associated with international operations; unfavorable changes in, or interpretations of, government regulations or taxation of the evolving ALR, Internet and e-commerce industries which could harm our operating results; risks associated with the operations of, the business of, and the regulation of our recent direct and indirect acquisitions of Longroot Holding (Thailand) Company Limited (Longroot), HotPlay Enterprise Limited (HotPlay) and NextBank International (formerly IFEB), as well as our compliance with applicable U.S. and Thailand laws in connection therewith; the market in which we participate being highly competitive, and because of that we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could harm our business; the volatility of our stock price; risks associated with the integration of the operations of HotPlay Enterprise Limited, which acquisition we recently competed; the fact that we may be subject to liability for the activities of our property owners and managers, which could harm our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. More information about the risks and uncertainties faced by the Company are detailed from time to time in the Company’s periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, under the headings “Risk Factors”. These reports are available at www.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

The token contemplated in this release (collectively, the “Securities) have been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemption provided by Regulation S thereunder. The Securities referenced herein are not for distribution, directly or indirectly, in or into the United States or to any U.S. person as defined in Regulation S. This announcement is not an offer of Securities for sale into the United States. The Securities have not been registered under the Securities Act and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S) unless they are registered under the Securities Act or they are exempt from registration under the Securities Act. Hedging transactions involving these Securities may not be conducted unless in compliance with the Securities Act.

Source: NextPlay Technologies, Inc.

Company Contact:
NextPlay Technologies, Inc
Richard Marshall
Director of Corporate Development
Tel (954) 888-9779
richard.marshall@nextplaytechnologies.com

As Crypto Prices Reach for New Highs, DigiMax Strategy Continues to Strengthen

DIGIMAX GLOBAL INC. (the “Company” or “DigiMax”) (CSE: DIGI) is pleased to provide an update on several of the new initiatives it has engaged in the past several months, and an outlook on what lies ahead. DigiMax has embarked on several seemingly disparate projects that are now converging into a strong performing set of Artificial Intelligence assets, and a growing network of key partnerships that are starting to accelerate the growth of these assets.

CryptoHawk

After its first three stellar months of performance commencing with the launch June 1, 2021 in which gains of more than 50% were demonstrated for BTC and more than half that for ETH, CryptoHawk did appear to have a few hiccups in September. These have been more than offset in October and the prediction tool is continuing to provide extraordinary return opportunities.

Added to this, the DigiMax team has developed a trading strategy that it has shared with its subscribers through webinars that it calls “Modulation.” By waiting for a preset price flow after an indicator is published, CryptoHawk performance has been demonstrated to be nearly doubled in most months. Modulation also has the effect of cutting the number of trades by approximately 50%.

A recent combined management and external study of CryptoHawk’s (and including its predecessor CryptoDivine, together herein referred to as “CryptoHawk”) Artificial Intelligence for predicting trading performance using published trading signals suggests that since January 1, 2021, an investment of $100,000 would be worth more than $1 million as of October 15, 2021 trading in Bitcoin and more than $5,000,000 trading in ETH. According to the study, these results could be achieved by reinvesting all profits from each trade into the next trade, trading long and short, and using the Modulation method DigiMax has developed.

As subscribers are learning how simple, and less stressful, it is to use this Modulation method, CryptoHawk is becoming a very profitable tool even for the average investor. Potentially even more enticing than the returns, is the fact that the monthly variability in returns is actually very low. CryptoHawk is fully achieving its goal of harnessing the high volatility of cryptocurrencies, while delivery high, but stable, monthly returns to the investor.

CryptoHawk Growth Fund

This 2021 information is also useful for prospective investors into the CryptoHawk Growth Fund (the “Fund”) based in the Cayman Islands, that recently started trading. Investment into that fund was seeded by a US$1 million deposit into the Fund by DigiMax. Additional investors have shown great interest in the back testing results but most are watching for actual results of the fund prior to making large investments. As a result, DigiMax is pleased that is attracting lots of attention from primarily institutional investors, knowing that the Assets Under Management will accelerate more in the second half of the first year of operation more than the first.

The back testing results, combined with the 1% modulation strategy is being studied and used in real time by a growing number of CryptoHawk subscribers with some already achieving significantly positive results.

Results at the Fund have been very strong after a late start in September caused by funds not flowing through the banks on time to commence trading on September 1. This resulted in getting in late on a great CryptoHawk bullish indicator and suffering opening losses as a result. Since then, the Fund has risen 30% above the low and is experiencing weekly gains similar to the Modulation gains described above.

Commodity Hawk Growth Fund

The Commodity Fund and the institutional targeted prediction service is on track to commence before the end of the year. DigiMax is using a combination of its own AI and proven AI developed by Delphi to produce a similar suite of products to CryptoHawk. Results of internal trading of these predictions has been equal to the Modulation returns for CryptoHawk and DigiMax is excited to share these products through the same investor network as is being developed for the

CryptoHawk Fund

DigiMax believes the opportunity for the AI driven Commodities Fund is enormous as commodities are fast becoming the number-one sector for investors around the globe.

ETF Funds

While not confirmed 100%, DigiMax has researched offering long-only funds similar to ETF’s and expects to confirm this intention in the near future. This would allow investors to move funds between the DigiMax Fund family that would include US Cash, the Hawk Funds and the ETF Funds to provide whatever balance each investor is seeking. We believe this will accelerate the accumulation of capital invested at the front end of the life of the Funds.

Partnerships, Affiliates, and Marketing

DigiMax continues to expand its relationships with Crypto Exchanges with more official relationships expected to be announced on an ongoing basis. These would be similar in structure to the relationship announced with Bitget Exchange. The launch of collaborative activities was slowed by issues between countries but this has been worked out and the collaboration is expected to grow quickly going forward.

The efforts to expand awareness in Asia is seeing very positive results. There are now CryptoHawk websites available in both Korean and Chinese languages and the CryptoHawk app is available in Chinese as well. These efforts are supporting a growing number of followers in these countries with an increase in subscriptions expected to follow.

With Asian marketing efforts now operating quite smoothly, attention is being refocused on North America with additional social media platforms being added and numerous articles being present across a wide array of financial media. While not all affiliates are being announced in public, a growing number of smaller partners are beginning to access our affiliate program whereby they can join CryptoHawk to their own network and automatically share in some of the revenues generated from their referral efforts. Finally, at the request of multiple partners, we have added a 7-day free trial that does not require a credit card to be filed in advance of the 7-day free trial that does require credit card registration. This has resulted in a substantial increase in daily new trials and we expect an acceleration of new subscribers.

Looking Ahead

The effort to bring these products to market all since late February of this year has been extraordinary and DigiMax is very proud of the hard work its team of very talented people have put forth to get to this stage. As a result, we now have a much more seamless operation consisting of a base Artificial Intelligence core, and a growing marketing team that is reaching out to a common group of investors. This organic effort is resulting in a growing awareness in the investor community around the world and an accelerating adoption of these products. As this happens, we expect to add key personnel assets where required to both assist in, and accelerate this growth.

Going forward we expect to add additional “channels” to market by through new partnerships with exchanges, and by reaching out to different large groups around the world that have different associations with cryptocurrencies. Finally, momentum continues to build with the other assets owned by DigiMax including the personnel products offered to larger organizations and the investment in Kirobo. Both of these will be discussed in more detail in separate releases during Q4 of this calendar year.

About DigiMax

DigiMax is an Artificial Intelligence technology company committed to unlocking the potential of disruptive technologies by providing advanced financial, predictive, and cryptocurrency solutions across various verticals. DigiMax is an official IBM Watson partner, and the Company’s engineering team has extensive experience in Machine Learning, Neural Language Processing, AI, Big Data and Cryptocurrency technology. To learn more, visit our website: https://digimaxglobal.com/

Contact:
David Bhumgara Chris Carl
Chief Financial Officer President & CEO
416-574-4603 416-312-9698
dbhumgara@digimaxglobal.com ccarl@digimax-global.com

Cautionary Note Regarding Forward-looking Statements
NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

This press release contains “forward-looking statements”. Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include, among others, statements we make regarding the Company’s future plans, expectations and objectives.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the platforms and software described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of the cryptocurrency industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

StrongNode Partners with Blockpass for KYC Provision

Blockpass and StrongNode are proud to reveal a collaboration that will see StrongNode employ Blockpass’ KYC services to ensure customer compliance.

StrongNode has positioned itself to be the next generation of edge computing by leveraging blockchain to create a global Infrastructure-as-a-Service (IaaS) distributed Edge Network. The StrongNode mission is to leverage people’s personal devices directly or through their incubated gaming, entertainment, lifestyle, and social impact platforms, and reward users for powering and scaling up real-world industries in a cheaper, faster, and more secure way. To be green and reduce e-waste, especially with chip shortages, StrongNode uses your devices to their fullest extent – phones, tablets, computers, and other devices can provide compute resources instead of filling up landfills. StrongNode IDO is coming up in a little less than two weeks and they are excited to have the BlockPass community and cryptosphere come along on the journey.

Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and onboarding users.

“We’re always excited to partner with people who recognise the importance of regulatory compliance and the cutting-edge compliance solutions Blockpass provides,” said Adam Vaziri, Blockpass CEO. “We were particularly delighted when StrongNode approached us as we saw the huge security, scaling, and efficiency opportunities that the Node Infrastructure-as-a-Service model and StrongNode Edge Technology herald for the ecosystem.”

“Compliance and data privacy are two of the pillars of our technology at StrongNode,” said Daniel Saito, StrongNode CEO and Co-founder. “We have found a strong and reliable partner with Blockpass for our KYC requirements. They have been responsive to our standards and flexible with our needs. As we work to become blockchain-agnostic, launching on Polygon and looking at Ethereum, Solana, Cardano, Binance Smart Chain, and other chains, the partnership with Blockpass proves to be well-aligned with and strategic to our business and growth goals.”

Blockpass has grown significantly in size and use since its inception, both in the number and range of users and organizations it has partnered with and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. The existential need for DeFi projects to be regulatory compliant and the recent integrations have led to a surge in interest for Blockpass’ On-chain KYC(TM) solution which promises to change the way blockchains enable compliance. Its recent integration with TrustSwap expands Blockpass’ services to a whole new raft of businesses and solutions.

About Blockpass
Blockpass, the pioneer of On-chain KYC(TM), is a fast, fully comprehensive KYC & AML screening software-as-a-service for blockchains, Crypto, Defi, and other regulated industries. With Blockpass, you get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup cost, no integration necessary, free testing, immediate launch and at the lowest cost. Blockpass’ KYC Connect(TM) platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any service instantly. By integrating with Chainlink Network – a decentralized oracle solution – in early January, Blockpass introduced the first On-chain KYC(TM) solution that will service many blockchains in the years to come. The Blockpass App is available from the App Store and Google Play.

For more information and updates, please visit and sign up for the following:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Email: sales@blockpass.org

About StrongNode
StrongNode.io is an Infrastructure-as-a-Service technology company and innovation lab that powers companies globally through its next generation of edge networking by uniquely harvesting a trifecta of idle compute resources and leveraging new blockchain technologies. We are delivering an on-demand, secure, and scalable node technology that will fundamentally reshape the future of how increasingly valuable compute resources are accessed and monetized. We are pioneering a new paradigm in digital connectivity. For more information, visit: https://strongnode.io/

StraitsX surpasses SGD 2 billion mark in digital assets-related transactions in 2021 and unveils new platform

StraitsX, Southeast Asia’s pioneering digital assets platform developed by Xfers, a Singapore-based FinTech licensed by the Monetary Authority of Singapore (MAS) for e-money issuance, today announced that it has surpassed the SGD 2 billion mark in digital assets-related transactions on its payment platform in 2021 alone.

Aymeric Salley, Head of StraitsX, said, “The growth in transactions shows that investors are increasingly exploring digital assets as an alternative form of investment that offers liquidity and returns. Meanwhile, central banks around the world are examining the potential benefits of digital and decentralised financial systems. Recently, we have been shortlisted in the MAS Global CBDC Challenge together with our partner SEBA Bank to explore innovative retail CBDC solutions to enhance payment efficiencies, and we intend to intensify our efforts working hand-in-hand with both regulators and digital assets market participants to enable such transformation.”

Rebranding and Transformation for better user experience
Adding on to this announcement is the unveiling of StraitsX’s new platform and identity. The new StraitsX platform features a redesigned and streamlined user interface to enable faster and more efficient navigation. The StraitsX platform enables individual users to transfer, mint and redeem XSGD with a connected bank account, in addition to spending their XSGD with various digital asset platforms. Businesses can also leverage APIs to collect, disburse and reconcile funds from their end-users. StraitsX currently supports over 10 digital asset platforms in Singapore through its API solution.

“With the increase of user adoption towards access to digital assets, we feel that we can better serve this market by separating StraitsX as a standalone brand dedicated to accelerating access to digital assets in Southeast Asia. This brand update aims to improve user experience and better communicate our mission to bring access to digital assets in Southeast Asia,” said Salley.

The new StraitsX brand logo depicts a strait, which is defined as a narrow passage of water connecting two bodies of water. Similar to a strait, StraitsX aims to connect the existing fiat-based financial system to a blockchain-based financial system, through its services and the StraitsX stablecoins. Along with this, StraitsX has also introduced a new token logo for XSGD, which features a simplified design to optimise for better readability. The equal borders at the top and the bottom represent XSGD’s one for one parity with the Singapore dollar.

In October 2020, StraitsX launched Southeast Asia’s first stablecoin – the StraitsX Singapore Dollar (XSGD), a digital token available on the Ethereum and Zilliqa blockchain that is backed one-for-one by the Singapore dollar. XSGD is supported on various digital asset platforms including decentralised finance applications such as Zilswap, Uniswap and DFX finance. As of September 2021, XSGD crossed over 1.5 billion SGD in on-chain transaction value.

Salley added, “At StraitsX, we strive to enable and accelerate access to digital assets in Asia and beyond. With the help of our valuable partners, we have seen tremendous growth in digital asset-related transactions and the adoption of XSGD. We hope to continue to bring value to our users in Southeast Asia through the StraitsX platform and the StraitsX stablecoins.”

About StraitsX by Xfers
StraitsX is the pioneering payments infrastructure for the digital assets space in Southeast Asia developed by Singapore-based FinTech Xfers Pte. Ltd, a Major Payment Institution licensed by the Monetary Authority of Singapore for e-money issuance. StraitsX offers personal and business accounts to deposit, hold and withdraw funds as well as to connect accounts to digital asset platforms. Business accounts can also access B2B API-enabled payments rails for digital asset platforms and issues the Singapore Dollar-backed stablecoin, XSGD. For more information, please visit straitsx.com.

For media queries PRecious Communications for Xfers/StraitsX:
xfers@preciouscomms.com

Babylon Project 2.0: World Blockchain Hackathon in the Metaverse

This year’s month-long event runs from October 29 – November 20

The World Blockchain Hackathon returns this month with Babylon Project 2.0, its second annual virtual hackathon, focusing on the decentralized web. , will be held in an interactive web-based virtual world, a metaverse experience with panels and development on CBDC, NFT, DeFI, DAO, Payments, DAPPs and Bitcoin scripts – and crowdfunding set up for the top 20 teams.

The Babylon Project is a hackathon initiative committed to democratizing access to global innovation and the adoption of blockchain and distributed ledger technologies. The broadest vision of the World Blockchain Hackathon is a future ecosystem in which blockchain innovation becomes the standard backbone for impenetrably secure, fast-moving, intelligent global technologies of all kinds.

Last year, the hackathon attracted 1000 participants from 69 countries. The winning team, Kenyan-based fintech Kotani Pay, a technology stack enabling blockchain protocols, decentralized applications (dApps) and finTech companies integrate seamlessly, went ahead to launch their product and experienced extraordinary growth, providing on-ramp and off-ramp services on USSD in Africa.

This year’s virtual hackathon will be held in the metaverse for a month, with each weekend packed with workshops, panels, talks and mentorship. The goal is to increase engagement, allowing developers to have more time to learn, build and connect with sponsors and partners. Participants are encouraged to form teams. However, a single engineer can compete for prizes during the hackathon.

The title’s sponsors, open-source protocol both IPFS and Filecoin, continue to show their deep commitment to nurturing hacker communities by rewarding participants’ interest and contributions with attractive prizes. Filecoin’s advanced technology provides a robust foundation to store the world’s most valuable data sets. An alternative to costly cloud storage.

Babylon Project 2.0 is a community-based initiative and made possible by sponsors and partners such as Protocol Labs (Filecoin & IPFS), DIBA, NEAR, Metis, Ozone Universe, Ascended, BitMart and BitMask. Other partners include Alchemy, Investinu Group, Blockchain Council, PIABO PR, Waterdrip Capital, Crypto Chicks, Women in Blockchain Talks, Women Who Code Blockchain, Blockchain Acceleration Foundation, Blockchain Founders Fund, WEVE Acceleration, Qubic Labs, Flat 6 Labs, B4H, Blockchain by Women, and Kerala Blockchain Academy.

Dates: 29 October – 20 November, 2021
Apply: https://worldblockchainhackathon.com