Blockchain Press Releases
XTEND DEFENSE ACHIEVES FULL NDAA COMPLIANCE ACROSS ITS RANGE OF HUMAN-GUIDED AUTONOMOUS DRONES
XTENDER, Wolverine and Griffon join pool of trusted, NDAA-compliant drones as XTEND expands US operations and ramps up US-based production to fulfil multiple new contracts
With over 1,000 US-made drones set to be produced over the next 24 months to equip US Department of Defense and other partners
TEL AVIV, Israel and WASHINGTON, June 27, 2023 /PRNewswire/ — At the Modern Day Marine (MDM) Expo, XTEND, developer of a human-guided autonomous operating system (XOS) which is revolutionizing the way humans interact with drones, has today announced that its range / family of XTENDER, Wolverine and Griffon drones have achieved full NDAA compliance. The company will be increasing US-based production in response to a growing demand for its revolutionary, robust, affordable solutions from the US Department of Defense and the wider US Government technology community.
“Our compliance with the National Defense Authorization Act (NDAA) further strengthens XTEND’s ongoing collaboration with the U.S. Department of Defense and supercharges our US expansion,” says Robert Peters, XTEND Defense’s General Manager. “In the last four years we have secured over 30 new contracts with the U.S. Department of Defense, its allies and partners, which will see over 1000 of our revolutionary US-made drones produced over the next 24 months.”
XTEND’s drone systems allow any operator to perform extremely accurate maneuvers and actions, in any environment with minimal training. Powered by the company’s patented XOS operating system, XTEND’s drones fuse the best of human intelligence and machine autonomy to enhance an operator’s abilities and simultaneously reduce the need for physical confrontation, thus minimizing casualties and injuries. Hundreds of XTEND’s systems are already operationally deployed worldwide and the company is continuously developing its operating system and drones to deliver the future of man machine teaming in defense, HLS, industrial inspection, and public safety.
Ido Bar-On, XTEND’s Vice President of Business Development and Sales, adds: “We cherish our partnership with the US Government and remain fully committed to aligning our operations and with its well-justified standards for facing near-peer threats. We recently grew our team in Florida threefold, and we will continue to support our defense partners and customers with our highly experienced, Veteran team.”
As part of XTEND’s continued expansion in the US market, it has recently appointed Robert Peters as General Manager of XTEND Defense. Peters brings over 40 years of experience in the defense market and has held senior business executive positions with Textron Systems, General Dynamics, GE, and Lockheed Martin.
Additional information on XTEND’s range of human-guided autonomous drones:
XTEND’s drone systems are designed to be wearable, mobile, and lightweight, with a single, natural hand gesture-based controller. XTEND’s range of fully NDAA compliant, human-guided autonomous drones includes:
- XTENDER – a new micro tactical indoor ISR system that enables any operator to perform accurate remote multi-mission tasks in complex environments. XTENDER can enter a remote target site, perform reconnaissance and data collection tasks with extreme precision, and then exit seamlessly, unaffected by any indoor-outdoor transition limitations and regardless of any GPS denied locations. Additionally, it enables control of drone teams and remote control of payloads deployed to actively engage in the operational mission.
- Wolverine C-IED – a small, lightweight, and rugged drone, Wolverine is affordable, versatile, and has low power consumption. Easy to use, it enables operators – even those with no flight experience – to perform extremely precise remote tasks, maneuvers, and actions in complex environments (indoor or outdoor), with minimal training and maintenance. Wolverine extends a team’s operational reach in critical situations where precision and versatility are paramount, giving them battlefield dominance in terms of both operator experience, mission performance, and after-action assessment.
- Griffon C-UAS – a portable counter UAS system for the interception of aerial threats. Griffon can intercept and counter drones at up to 80 mph with no prior experience. Griffon allows operators to perform vision-assisted, semi-automated interceptions and to control a drone team that automatically launches when detecting aerial threats.
To learn more please come and visit our booth #2811 at Modern Day Marine (MDM) Expo, 27-29 June 2023 Walter E. Washington Convention Center, Washington, DC.
Note to Editors: Headshots and logos are available on request.
About XTEND and XOS:
XTEND provides revolutionary human-guided autonomous machine systems that enable any operator to perform extremely accurate manoeuvres and actions, in any environment with minimal training. The company’s patented XOS operating system fuses the best of human intelligence and machine autonomy to enhance the operator’s abilities, and simultaneously reduce the need for physical confrontation, thereby minimizing casualties and injuries. Hundreds of XTEND’s systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and platforms to deliver the future of human-machine teaming to defense, HLS, and security professionals worldwide. Find out more here.
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View original content:https://www.prnewswire.co.uk/news-releases/xtend-defense-achieves-full-ndaa-compliance-across-its-range-of-human-guided-autonomous-drones-301864316.html
SHANGHAI, March 18, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading Bitcoin mining company with an automotive transaction service in China, today announced that it has been included in the Bitwise Bitcoin Standard Corporations ETF (NYSE Arca: OWNB), launched by Bitwise Asset Management on March 11, 2025. The exchange-traded fund (ETF) tracks the Bitwise Bitcoin Standard Index, providing investors with exposure to forward-looking publicly traded corporations holding a minimum of 1,000 Bitcoins on their balance sheets.
“We are proud to be included in the recently launched Bitwise Bitcoin Standard Corporations ETF. Our inclusion highlights the industry’s acknowledgement of our strategic pivot to Bitcoin mining and significant achievements in such a short time,” said Mr. Jiayuan Lin, Chief Executive Officer of Cango. “As a forward-looking company, our future-ready business model ensures we are well-positioned for sustained growth, global expansion, and operational flexibility in the Bitcoin mining sector in 2025 and beyond.”
Since transitioning to a capital-light Bitcoin mining model in Q4 2024, Cango has achieved a number of milestones, including leading the industry in productivity per hash rate with 17.81 Bitcoin per EH/s and securing a hashrate of 32 EH/s, ranking 3rd globally.
About Cango Inc.
Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Headquartered in Shanghai, China, Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; Cango’s expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: [email protected]
Helen Wu
Piacente Financial Communications
Tel: +86 10 6508 0677
Email: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/cango-inc-joins-bitwise-bitcoin-standard-corporations-etf-302404481.html
Blockchain Press Releases
BingX Levels Up Trading Experience with CScalp’s Advanced Features & Fee Discounts
PANAMA CITY, Panama, March 18, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce its integration with CScalp, a free and powerful trading terminal designed for active cryptocurrency and futures traders. This partnership aims to provide BingX users with advanced trading tools and a seamless trading experience across multiple exchanges.
CScalp is renowned for its robust features tailored for scalping and intraday trading. The platform allows traders to operate across multiple exchanges and trade different instruments within a single interface. Its user-friendly interface and comprehensive tools are optimized for quick market analysis, one-click order placement, and efficient position management.
With this integration, BingX users can now leverage CScalp’s capabilities to enhance their trading strategies. The platform’s features, such as multi-account management, stable connection, and customizable workspace, will enable users to execute trades more efficiently and effectively. BingX users can also benefit from discounts on exchange fees, access to trading signals, and an active trader community, fostering a more informed and cost-effective trading experience.
“We are thrilled to integrate BingX with CScalp, providing our users with a powerful tool to enhance their trading experience”, said Vivien Lin, Chief Product Officer of BingX. “This collaboration underscores our commitment to offering innovative solutions that cater to the diverse needs of our trading community.”
This integration not only benefits individual traders but also strengthens BingX’s position in the market by offering a more versatile and user-centric platform. By aligning with CScalp, BingX continues to demonstrate its dedication to providing cutting-edge tools and services that empower its users to navigate the dynamic cryptocurrency trading landscape with confidence.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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View original content:https://www.prnewswire.co.uk/news-releases/bingx-levels-up-trading-experience-with-cscalps-advanced-features–fee-discounts-302404412.html
Blockchain Press Releases
HTX Ventures: Striking a Balance between Compliance and Innovation in a Shifting Regulatory Landscape
SINGAPORE, March 18, 2025 /PRNewswire/ — HTX, a leading crypto exchange, has been ranked as the “Top 3 Exchanges for EUR-Stablecoin Trading Activity” in a recent CoinDesk report titled “MiCAR: The Institutional Playbook for Europe’s Digital Asset Market“. The report explores key trends shaping the European digital asset market with the implementation of Markets in Crypto-Assets Regulation (MiCAR) and highlights that HTX achieved a monthly average EUR-stablecoin trading volume of €48 million, with a notable volume of €33 million in November 2024, ranking third following Binance and Coinbase.
This surge in EUR-denominated trading coincides with the regulatory shifts. Regulatory clarity has become a key driver of institutional adoption and market confidence. The full rollout of MiCAR represents a major milestone for the industry, offering a unified framework that spans across 27 European Union (EU) member states. While MiCAR streamlines compliance and fosters innovation, it also brings along complex challenges that exchanges must navigate. HTX Ventures explores both the opportunities and hurdles that come with this landmark regulation.
Alec Goh, Head of HTX Ventures, said, “The implementation of MiCAR is a major step in the right direction for the crypto industry, providing much-needed regulatory clarity and fostering an environment conducive to institutional adoption. As jurisdictions worldwide become more crypto-friendly, a united framework like MiCAR will accelerate innovation while ensuring robust compliance. At HTX Ventures, we see this as an opportunity to drive the development of on-chain compliance tools, support the emergence of compliant DeFi solutions, and bridge the gap between traditional finance and digital assets.”
Opportunities:
- Unified Regulatory Framework Reduces Costs and Boosts Market Confidence
MiCAR covers all 27 EU member states through a “single license” approach, enabling exchanges to significantly reduce compliance costs across borders. This unified regulatory framework provides a clear and stable regulatory environment for the market, increasing confidence and participation among institutional investors while positioning Europe to becoming the world’s largest compliant digital asset market. - Technological Innovations Drive On-Chain Compliance Tools
To meet MiCAR’s stringent anti-money laundering (AML) and reserve monitoring requirements, exchanges can actively explore compliance tool innovations, including:- Using oracle networks to modularize AML rules and reserve monitoring, executing them on-chain for real-time data transparency.
- Adopting zk-SNARKs to build an on-chain central platform for regulatory data, enabling transaction data desensitization to balance regulatory transparency with user privacy.
- Leveraging account abstraction technology (ERC-4337) to integrate KYC processes into non-custodial wallets, lowering barriers for traditional financial institutions to access DeFi.
- New Opportunities for the Convergence of Traditional and Crypto Assets
With platforms such as Coinbase launching securitized tokens, exchanges can introduce real-world asset (RWA) trading. This includes income-based stablecoins backed by US stocks or Treasuries, enabling users to leverage assets like USDT for multi-asset allocation and global liquidity matching.
Challenges:
- High Costs and Technical Complexity of Compliance
MiCAR imposes strict requirements on stablecoin issuers and Crypto Asset Service Providers (CASPs), including adequate reserves, regular audits, and robust anti-money laundering measures. Exchanges must invest significantly in R&D to integrate compliance tools, data desensitization techniques, and on-chain regulatory platforms without compromising market fluidity.
- Uncertainty in the Dynamic Policy Environment
With regulatory policies evolving rapidly, exchanges must establish multi-chain testing environments and collaborate with regulatory-friendly regions (e.g., Lithuania, Malta) for cross-border stress tests and regulatory scenario simulations. This requires continuous investment, with risks at the policy interpretation and implementation levels.
- Security Risks and Stringent Custody Requirements
Following high-profile incidents like FTX, MiCAR has introduced rigorous digital asset custody requirements, mandating bank-level security measures to prevent hacking and asset loss. As DeFi integrates with traditional financial regulations, exchanges must address both technical vulnerabilities and evolving security risks.
HTX Ventures firmly believes that under a clearer regulatory framework such as MiCAR, exchanges can achieve a win-win situation through technological innovations and global asset allocation, balancing compliance with market innovation. Moving forward, the firm will continue to leverage its insights and expertise to actively explore on-chain compliance tools, expand RWA trading, and build a dynamic testing environment, navigating regulatory complexities and ensuring that crypto innovation remains aligned with long-term institutional adoption and market sustainability.
– End –
About HTX Ventures
HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With more than a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.
HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active FOF (Fund of Funds) funds, HTX Ventures invests in 30 top global funds and collaborates with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build a blockchain ecosystem. Visit us here.
Feel free to contact us for investment and collaboration at [email protected].
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
For more information on HTX, please visit the HTX Square, or https://www.htx.com/, and follow X, Telegram, Discord. For further press enquiries, please contact [email protected].
View original content:https://www.prnewswire.co.uk/news-releases/htx-ventures-striking-a-balance-between-compliance-and-innovation-in-a-shifting-regulatory-landscape-302404319.html
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