Blockchain Press Releases
Huawei-IUCN Tech4Nature Initiative Announced New Phase of Coral Reef Protection Project
Digital Technology Helps Mauritius to Become a Global Pioneer in the Field of Coral Reef Conservation, Research, and Education
FLACQ, Mauritius, June 24, 2023 /PRNewswire/ — Huawei Mauritius, International Union for Conservation of Nature (IUCN), and EcoMode Society today announced a new phase of the Tech4Nature Mauritius project to study species’ reproductive success in a restored area of reef in Mauritius.
The new phase directly follows a key project milestone achieved in June in which the partners, supported by the local community, successfully transplanted 25,000 coral fragments cultivated in coral nurseries to a degraded area of the reef ecosystem in Pointe-aux-Feuilles, a 20-km2 site off the east coast of Mauritius. This project is one of the first its type in the Western Indian Ocean.
“I commend the achievement of the Tech4Nature initiative. Our objective is that by 2030, we can work together for a healthy ocean that supports nature and people,” said the Honorable Sudheer Maudhoo, Minister of Blue Economy, Marine Resources, Fisheries and Shipping for Mauritius. “With the support of the Tech4Nature initiative, Huawei, and its partners, we look forward to continued action to restore ocean and coastal biodiversity for future generations.”
To monitor the mobility of species at the coral reef restoration site and determine the factors that disturb reproductive success, a solution comprising cameras and GPS receivers, 4G, and cloud has been deployed. The second phase of the project will use AI-based data analysis to guide the conservation decisions, support the research of marine biologists, and educate the public on the importance of reef conservation and restoration.
“The project will help us to have more information to manage and regulate public use,” said Nadeem Nazurally, President of the EcoMode Society. “It will also bring biodiversity conservation closer to the general public, as videos and other dissemination materials are planned through the mobile app. In collaboration with IUCN and Huawei, the project allows us to make a qualitative leap by incorporating new technologies to the monitoring and conservation of species.”
The 243-km2 lagoon created by the 150-km reef system of fringing coral is home to a rich array of aquatic life, including 61 species of macroalgae, 110 species of corals, 132 species of fish, and many endemic species. However, the reef system faces many threats, including overfishing, pollution, and changing seawater composition due to the removal of mangroves and seagrass. Climate change has caused a rise in sea levels, more extreme storms, and increased sea temperatures. Restoration efforts for coral reefs can boost resilience against climate change by protecting coastal regions against erosion and mitigate rising sea levels.
As a Small Island Developing State (SIDS), Mauritius relies heavily on its coral reef resources, especially its fisheries and tourism industries – tourism accounts for about 8% of the island nation’s GDP and 10% of its employment. Coral aquaculture to repair degraded reef has gained traction in Mauritius, with microfragmentation serving as a relatively new technique where small coral fragments are mounted in off-site nurseries using concrete blocks, galvanized structures, and natural basaltic rocks to support coral growth.
Early monitoring at the restoration site has shown an increase in local biodiversity, and an additional 1,890 coral fragments are currently being propagated in the coral nursery to expand the restoration area. With the site’s designation as a Voluntary Marine Conservation Area (VMCA), the momentum for revitalizing biodiversity in the reef ecosystem using the power of technology and partnerships is accelerating.
“Collaboration between public institutions and the private sector is increasingly necessary to determine success in the face of complex environmental challenges,” said James Hardcastle, Head of Protected and Conserved Areas Team for IUCN. “We have the opportunity to take advantage of technological innovations and incorporate them into conservation measures for our ecosystems. This project exemplifies how cooperation and mainstreaming are the way forward to halt biodiversity loss.”
“This project is the first of its kind that we are investing in Mauritius, after dozens of successful experiences of developing solutions to protect different species and natural spaces in countries around the world using advanced technologies such as cloud, AI, and connectivity,” said Zheng Kui, CEO of Huawei Mauritius. “The role of the technology industry in meeting this challenge is key, but only through collaboration with strategic and committed partners can the objectives be achieved in a real way.”
It is hoped that this project can be replicated in other areas of Mauritius and balance the needs of tourism and conservation. And with up to 50% of the world’s coral reef already destroyed or degraded, the project’s success to date demonstrates the value of further large-scale global reef restoration supported by digital technology.
About Huawei TECH4ALL
TECH4ALL is Huawei’s long-term digital inclusion initiative that aims to leave no one behind in the digital world. It focuses on four domains: enabling equity and quality of education, conserving nature with technology, enabling inclusive healthcare, and development.
For more information, please visit the website at https://www.huawei.com/en/tech4all
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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