Blockchain Press Releases
Electreon and GINAF Unveil Successful Electric Truck Integration: Charging a GINAF 50-Ton Electric Truck on the World’s First Public Wireless Electric Road for Trucks and Buses
BEIT YANAI, Israel, June 27, 2023 /PRNewswire/ — Electreon (TASE: ELWS), the leading developer and provider of inroad wireless Electric Vehicle charging technology, and Dutch automaker GINAF, a leading manufacturer of commercial vehicles, are proud to announce that they have fully integrated Electreon’s wireless charging system on a GINAF 50-ton truck.
By harnessing Electreon’s cutting-edge wireless charging technology, electric vehicles can now charge seamlessly while parked, idling, and even on the move, effectively eliminating range limitations, and reducing EV operational costs in the bid to decarbonize road and freight transport.
GINAF is a specialist in the development and production of special and efficient transport solutions based on DAF and Mercedes-Benz vehicles, amongst other conversions and retrofits to electric powered propulsion. This time, GINAF is elevating its e-truck value proposition by integrating Electreon’s wireless charging system with the GINAF GE2121 truck (a modified DAF XF). The ‘wireless truck’ has undergone testing on both Electreon’s stationary wireless charging station (charging while idle) and its dynamic (Wireless Electric Road – charging while driving).
This Electreon and GINAF e-Truck integration is a vital step forward in the race to net-zero road transport emissions. Road transport is one of the most significant sources of the European Union’s greenhouse gas emissions. Approximately 77% of EU transport emissions come from road transport, and the road transport sector is not improving fast enough to meet the goals set out in the European Green Deal set back in 2006. Additionally, traditional plug-in charging solutions for EVs present major challenges, particularly for long-distance logistics fleets; therefore sustainable innovative solutions such as wireless EV charging must be sought, encouraged and invested in.
Promoting Sustainable Transportation
“GINAF is very pleased with the results of the truck’s excellent performance on the world’s first public Electric Road: Electreon’s Smartroad in Gotland, ” said Roeland van der Woude, GINAF CEO. “It endorses our capabilities as a flexible and qualitative alternative to OEMs, for transport companies that want to make their 7-50+ ton trucks more sustainable.”
“This is yet another example of Electreon’s seamless integration and capabilities in simple integrating onto any vehicle,” said Håkan Sundelin, Electreon Regional director of the Nordic countries. “We are pleased to add GINAF to the list of companies we collaborate with. The cooperation with GINAF ensures that we are ready for large scale deployments and provide a solution for efficient and sustainable transportation.”
Looking Ahead
Electreon and GINAF are now poised to implement aftermarket installations on additional GINAF trucks, based on DAF or Mercedes-Benz chassis – and will be available for future Electreon projects, encompassing both static and dynamic charging capabilities.
In a further display of their commitment to electric transportation, Electreon and GINAF have joined forces with REARQ, a Swedish company specializing in circular economic practices – aiming to reuse current internal combustion engine (ICE) vehicles on the market and converting them into EVs. Together, they aim to drive sales of electric trucks in Nordic markets and lead the charge in the race to the net-zero carbon emissions future.
“The joint collaboration in this project proves that we can accelerate the change to sustainable transportation solutions, by integrating smart charging technology with Electric Vehicles and thereby increasing the benefits when shifting to 100% electric,” says Henrik Wallström, CEO of REARQ.
About Electreon
Electreon is the leading developer and provider of wireless charging solutions for electric vehicles (EVs), providing end-to-end charging infrastructure and services, to meet the needs and efficiency demands of shared, public, and commercial fleet operators and consumers. The company’s proprietary inductive technology dynamically (while in motion) and statically (while stopped) charges EVs quickly and safely, eliminating range anxiety, and reducing battery capacity needs-making it one of the most environmentally sustainable, scalable, and compelling charging solutions available in the market. Electreon collaborates with cities and fleet operators on a “sale”, and on a charging as a service (CaaS) business model, that enables cost-effective electrification of public, commercial, and autonomous fleets for smooth and continuous operation. For more information, visit electreon.com.
About GINAF
GINAF Trucks Nederland B.V. is a Dutch company founded in 1948. GINAF is a specialist in the development and production of special and efficient transport solutions based on DAF and Mercedes-Benz vehicles, amongst other conversions and retrofits to electric- or hydrogen-powered propulsion. The company has been located in Veenendaal for more than forty years, where all development and production activities are carried out.
Ginaf.com
About REARQ
REARQ is a Swedish electrification and logistics company aiding companies in transforming their vehicle fleet to 100% electric. Using connected vehicles and intelligent software for smart planning, driving and charging support, REARQ helps driver and transport planners to optimize their vehicle usage. By converting both used and new vehicles, REARQ extend the service life of existing vehicles as well as reduce the environmental impact. REARQ is GINAF’s PF/distributor in Swedish, Denmark, Norway and Finland.
On behalf of Electreon:
Keren Alleson Gerberg
[email protected]
On behalf of GINAF:
Rick van de Weg
[email protected]
+31-6-557 202 91
On behalf of REARQ:
Johan Klintberg, COO
[email protected]
+46 70-731 59 09
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Photo: https://mma.prnewswire.com/media/2141504/GINAF_Truck_charging_in_Gotland.jpg
DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week.
Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January.
Key Insights:
ETH outperformed BTC in open interest: Perpetual swap data has seen a gradual decline in BTC open interest while ETH contracts increased. ETH has also been taking a bigger share of daily trading volumes in the past 6-month time frame despite an overall slower market this week. The optimism could be attributed to hopeful investors’ expectation of a more crypto-friendly SEC Chair after Gensler’s last day on Jan. 20, 2025.
BTC price in retreat: BTC price’s ebbing from the $100K mark has flattened the ATM volatility term structure, with short-tenor options dipping below 60%. This mirrors a pattern observed since the U.S. election. Lower realized volatility explains the drop, while open interest in calls and puts remains unchanged, demands for short-term options this week have stagnated.
ETH options – bullish sentiment in moderation: ETH options show slightly more bullish sentiment than BTC options. Markets have recalibrated after the post-election high, but call options remain in the lead in both trading volumes and open interests.
Access the Full Report:
Read the full report in context here.
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-x-block-scholes-derivatives-report-eth-outperforms-btc-302318387.html
GZIRA, Malta, Nov. 28, 2024 /PRNewswire/ — Popular iGaming content provider BGaming has secured a highly sought-after licence in Peru, marking a significant milestone in its expansion across LatAm.
BGaming’s technical system of gaming software and its engaging portfolio have been officially approved by the gambling regulator Mincetur, a national administrative authority which implements and oversees all aspects of online gaming and sports betting in Peru. By receiving the B2B certification, BGaming broadens its appeal with local licenced operators in the newly regulated market.
The licence also opens up more opportunities for BGaming to expand its business and strengthen its position in the wider LatAm region, where it has enjoyed significant attention in the last 12 months.
Marina Ostrovtsova, CEO at BGaming, said: “Securing the Peru licence marks a pivotal moment in BGaming’s global expansion. This certification not only strengthens our presence in Latin America but also underscores our commitment to bringing high-quality, immersive gaming experiences to new audiences.
“We are excited about the opportunities this will unlock, both in terms of growth and the reception of our slots in this new market.”
BGaming is a fast-growing iGaming content provider converting gambling into gaming. Thanks to an expert team and a player-driven approach, the studio creates innovative and engaging products featured on reputable platforms and 1,000+ online casinos worldwide. BGaming is the world’s first to support cryptocurrencies and offer Provably Fair games. Today the brand’s portfolio includes 100+ products with HD graphics and a clear user interface for every device. The studio is also known for its brand exclusives created in partnerships with leading operators in the industry.
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View original content:https://www.prnewswire.co.uk/news-releases/bgaming-awarded-peru-supplier-licence-302317696.html
TAIPEI, Nov. 28, 2024 /PRNewswire/ — KryptoGO, a leader in Web3 financial infrastructure, has taken another groundbreaking step to ensure unparalleled user and enterprise safety by completing a rigorous security audit aligned with industry-leading methodologies. This milestone solidifies KryptoGO’s position alongside globally trusted platforms like 1Password, Metamask, and Trust Wallet, known for their exceptional security standards.
The audit, conducted with methodologies comparable to those used for 1Password—a benchmark in secure password management—focused on ensuring KryptoGO’s mobile applications, backend systems, and API endpoints meet the highest security standards. 1Password’s robust security features, such as end-to-end encryption, zero-knowledge architecture, and constant vulnerability testing, serve as the foundation for KryptoGO’s enhanced protection framework.
Demonstrating Excellence in Cybersecurity
KryptoGO has consistently showcased its expertise in security through achievements in prominent cybersecurity competitions and hackathons. Recognized for exceptional performance in events like 2024 BlazCTF, ETH Tokyo Hackathon, and ETH Taipei Hackathon, KryptoGO has solidified its reputation as a trusted innovator.
This audit marks another significant step forward, addressing potential vulnerabilities and reaffirming KryptoGO’s ability to safeguard user assets in an increasingly complex Web3 landscape. Notably, the findings resulted in a 50% reduction in vulnerabilities compared to prior assessments, demonstrating tangible progress in security hardening.
Why Security in Web3 Wallets Matters
In the Web3 ecosystem, wallets act as critical gateways, holding sensitive keys that grant users exclusive control over their digital assets. A single security lapse can lead to catastrophic consequences, including the loss of assets and the erosion of user trust.
Recognizing this, KryptoGO employs a multi-layered approach to private key management, ensuring the highest levels of security and reliability for its users:
- Device-Level Encryption: Private keys are encrypted with a Device Encryption Key and securely stored in the device’s protected environment (Keychain for iOS and Keystore for Android). Access to these keys is tightly controlled through biometric authentication, preventing unauthorized access.
- Password Protection with Argon2: For users who opt for password backups, KryptoGO utilizes Argon2-HMAC-SHA256 with 310,000 iterations to derive an Account Unlock Key (AUK). This industry-standard process, aligned with NIST guidelines, offers robust resistance to brute-force attacks while ensuring compatibility across a broad range of devices.
- Cloud Backup with Shamir’s Secret Sharing: To enhance convenience and accessibility, KryptoGO employs Shamir’s Secret Sharing Scheme (SSS) for password-free cloud backups. This approach splits private keys into multiple fragments (Key Shares) stored across diverse platforms like iCloud and Google Drive. Restoration is possible with any two fragments, ensuring data availability without compromising security.
These measures collectively address the most critical challenges in wallet security:
- Token Integrity: Robust lifecycle management prevents impersonation or unauthorized access.
- Advanced Encryption Standards: Sensitive wallet data and transactions are safeguarded by cutting-edge cryptographic techniques.
- Resilience Against Data Loss: Diverse and secure backup options ensure users can recover their wallets without fear of permanent loss.
- Access Control Enhancements: Multi-layered authentication mechanisms safeguard accounts.
- Secure APIs: Backdoor vulnerabilities and information leaks are actively prevented.
Results That Build Trust
The rigorous Cure53 audit, leveraging white-box and gray-box penetration testing, verified KryptoGO’s resilience against security threats. Cure53’s global reputation for securing critical systems further amplifies the credibility of KryptoGO’s security achievements. The resolution of key vulnerabilities identified during the audit, including token mismanagement and API access concerns, reflects KryptoGO’s dedication to continuous improvement and operational excellence.
Raising the Bar for Web3 Security
By achieving security certifications on par with 1Password and other leading platforms, KryptoGO has set a new benchmark for wallet safety in the Web3 era. These advancements empower users to confidently manage their digital assets while positioning KryptoGO as the trusted partner for enterprises seeking high standard and scalable blockchain solutions.
About KryptoGO
KryptoGO is a pioneer in Web3 solutions, providing secure, compliant, and user-friendly wallet services. Focused on stablecoin payment infrastructure and asset management, KryptoGO empowers businesses to seamlessly transition into the decentralized economy, backed by cutting-edge technology and industry best practices.
For more information on how KryptoGO can support your Web3 business needs, please visit www.kryptogo.com or contact us directly.
Media Contact: [email protected]
Learn more: www.kryptogo.com | X | LinkedIn
View original content:https://www.prnewswire.co.uk/news-releases/kryptogo-leads-the-way-with-top-tier-wallet-security-standards-302318212.html
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