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Blockchain Press Releases

KX JOINS SNOWFLAKE PARTNER NETWORK

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LAS VEGAS, June 27, 2023 /PRNewswire/ — KX, maker of kdb+ the industry’s most trusted Data Timehouse™ and the KDB.AI vector database, today announced at Snowflake’s annual user conference, Snowflake Summit 2023, that it has joined the Snowflake Partner Network. As part of the Snowflake Partner Network, KX will help joint customers, beginning with the financial services industry, get the most out of the Snowflake Data Cloud by providing fast, scalable temporal and vector data analytics for time series and AI workloads.

Ashok Reddy, CEO KX: “Temporal and vector data is the driving force behind digital transformation and generative AI. With this partnership, we’re bringing the power of KX to Snowflake, enabling users to run production-ready time series analytics and vector-processing workloads without having to change code or leave the Snowflake environment. Built on kdb+, our vector-native database, our technology is the ideal engine for building applications and models for generative AI and vector search use cases. We look forward to working closely with Snowflake to further the adoption and integration of KX across the Data Cloud.”

KX and Snowflake, the Data Cloud company, answer customer demand for real-time analytics on temporal and vector data. Mobilizing the world’s data with Snowflake’s Data Cloud, the partnership will enable joint customers, specifically data scientists, data engineers, and developers, to run complex data queries and AI models using kdb Insights while on the Snowflake platform.

Rinesh Patel, Global Head of Financial Services, Snowflake: “This partnership brings together two industry-leaders to answer rapidly growing demand for AI-powered analytics on Snowflake. The combined power of the limitless compute, governance and security of Snowflake and the power of KX and q language via PyKX on a single instance of data. We look forward to continued collaboration with KX to ensure that our financial service customers, as well as customers across our other industries, get even more value from Snowflake’s Data Cloud.”

The first release under the partnership will be ‘KX for Snowflake’, a new Python-first integration of kdb Insights that enables users to run supersized machine learning (ML), artificial intelligence (AI) workloads, vector-processing for model development and training, and vector search for generative AI. These workloads are typical in anomaly detection, risk strategies, predictive healthcare, predictive maintenance, and many more use cases.

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The collaboration unifies previously siloed data teams, helping them work better together with a simpler, more efficient, more sustainable alternative to existing data management solutions for time and vector data. This closes the ‘time to insight’ gap between the edge and the data, compressing product life cycles and the development of real-time MLOps pipelines.

Leading banks and asset managers testing KX for Snowflake are reporting impressive results running complex analytics and AI workloads on market data. Having taken a strategic decision to move industry-critical datasets to the Snowflake Data Cloud, a tier one global investment bank and longstanding KX customer has reported performance levels of 80x faster than Pandas on existing quantitative kdb and q, using Python.

Ben Rutter Global Strategic Practice Manager: “We’re seeing a surge in demand for time series and vector processing workloads, particularly on the Snowflake Data Cloud. For the financial services sector, the combination of KX’s powerful temporal and vector data analytics and Snowflake’s strengths in data sharing and near-zero maintenance offer a compelling proposition, especially for use cases like risk management, forecasting, and predictive analytics, and we see potential across a range of verticals.”

KX for Snowflake will be made available through Snowpark, Snowflake’s set of libraries and runtimes in Snowflake that enable developers to securely deploy and process Python. For more information, please visit https://kx.com/partners/snowflake/

The Snowflake Partner Network unlocks the potential of the Data Cloud with a broad array of tools and partners. Certified partnerships and integrations enable customers to leverage Snowflake’s flexibility, performance, and ease of use to deliver more meaningful data insights. To become a Snowflake partner and get access to Snowflake’s self-service partner resources, please click here.

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Be sure to check out the Snowflake Summit 2023 keynotes live or on-demand here and stay on top of the latest news and announcements from Snowflake on LinkedIn and Twitter.

About KX

Our mission is to accelerate the speed of data and AI-driven business innovation enabling customers to transform into real-time, intelligent enterprises. Built for the most demanding data environments, our Data Timehouse™ platform is trusted by the world’s top investment banks and hedge funds, and leading companies in the life and health sciences, semiconductor, telecommunications, and manufacturing industries.

At the heart of our technology is the kdb+ time series and vector database, independently benchmarked as the fastest on the market. It can process and analyze time series, historical and vector data at unmatched speed and scale, empowering developers, data scientists, and data engineers to build high-performance data-driven applications and turbo-charge their favorite analytics tools in the cloud, on-premise, or at the edge.

Ultimately, our technology enables the discovery of richer, actionable insights for faster decision making which drives competitive advantage and transformative growth for our customers. KX operates from more than 15 offices across North America, Europe and Asia Pacific.

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For more information visit www.kx.com or contact: [email protected]

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Blockchain Press Releases

Crypto Markets Lukewarm on Trump’s Inauguration: Bybit and Block Scholes Report

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DUBAI, UAE, Jan. 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest weekly crypto derivatives report in collaboration with Block Scholes, recognizing crypto markets’ subdued bullish sentiment in an almost anti-climatic turn of events after Trump’s inauguration.

The 2025 presidential inauguration triggered a wild weekend of speculation with Trump family meme coins TRUMP and MELANIA, tilting derivative markets toward a bullish shift. However, the anticipated BTC-related executive orders failed to materialize, causing implied volatility to drop although realized volatility rose. Perpetual and options markets maintained high funding rates and a persistent bullish tilt, reflecting the complex speculative environment as crypto’s sunny expectations met political uncertainty.

Key Insights:

SOL’s Spotlight Moment: Trump’s issuance of “husband and wife” coins sparked an all-time high in Solana perpetual swaps, driven by traders anticipating crypto-friendly policies. The TRUMP meme coin’s launch on Solana DEXs elevated the network’s fee generation, symbolically positioning it above Ethereum competitors.

Derivatives Market Resilience: Perpetual swap funding rates remained neutral-to-bullish despite minimal crypto-positive inauguration announcements, with open interest showing stable positions. Derivatives markets viewed the event as just one of many potential catalyst opportunities.

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BTC Options Speculation: Earlier anticipation of a potential strategic BTC reserve triggered significant short-tenor options positioning, resulting in robust call buying and the strongest at-the-money term structure inversion since the November 2024 election. While front-end volatility pricing has moderated, the strong skew toward out-of-the-money calls persists.

Access the full report, including detailed analysis of volatility trends, funding rates, and options market dynamics.

#Bybit / #TheCryptoArk /#BybitResearch

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.

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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

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Blockchain

Andrew Cardno to speak on the session titled “The Seven Forces Transforming Our Industry (Whether We Like It or Not)”

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Quick Custom Intelligence (QCI) is pleased to announce a must-attend session at the upcoming January 28–30, 2025, Raving Next: Indian Gaming Strategic Operations and Leadership Conference at Pechanga Resort Casino in Temecula, CA. This event will feature Andrew Cardno, CTO of QCI, as he delivers an in-depth exploration of the rapid technological evolution reshaping tribal gaming, including the impact of Artificial Intelligence (AI) and robotics on gaming floors and team members.

The signature session, titled “The Seven Forces Transforming Our Industry (Whether We Like It or Not),” will take place on January 29, 2025, from 1:15 – 2:00 PM (Mainstage). Mr. Cardno’s presentation will discuss how casino operators can adopt these advanced tools while preserving core traditions and staying ahead of the competition.

“AI and robotics are no longer futuristic concepts in the tribal gaming space—they are here now,” said Andrew Cardno, CTO of QCI. “Our goal is to help operators confidently integrate these technologies and develop robust plans for sustainable success.”

The session will also feature insights from Deana Scott, CEO of Raving Consulting, who will offer guidance on seamlessly incorporating new technologies into tribal enterprise strategies, ensuring both guest experience and workforce well-being remain top priorities.

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“This isn’t about technology for technology’s sake,” noted Deana Scott. “It’s about finding the best fit for each tribal enterprise, ensuring the heart of our industry—our people and culture—remains at the forefront of decision-making.”

Attendees can expect to leave with practical approaches to integrating and leveraging emerging technologies in ways that reinforce the unique strengths of tribal gaming, enhance operational efficiency, and empower team members.

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Blockchain Press Releases

SquaredFinancial adds the Trump and Melania meme coins to its crypto offering

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VICTORIA, Seychelles, Jan. 24, 2025 /PRNewswire/ — Industry-leading fintech firm, SquaredFinancial, proudly announces that it has added the newly launched Trump and Melania meme coins to its crypto offering, empowering investors to gain wider access to the most popular markets and diversify their trading.

 

 

This new addition aligns with the company’s commitment to catering to the evolving needs of investors from different backgrounds and offering them quality and innovation. Clients and leads can now trade the trending Trump and Melania meme crypto coins on SquaredFinancial’s MetaTrader 5 (MT5) platform with competitive conditions and leverage.

SquaredFinancial constantly introduces new products to leverage the trading experience of its existing clients and attract potential traders who are on the pursuit of a trusted and reliable financial partner. The company thrives to keep innovation at the centre of its business. Its technology growth, competitive offerings, extensive expertise and education endeavours, are constantly recognized by renowned bodies.

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Crypto enthusiasts are invited to visit SquaredFinancial website to learn more.

About SquaredFinancial

SquaredFinancial is a well-capitalized FinTech firm founded in 2005. It aims at becoming a one-stop shop that meets investors’ financial needs. With around two decades of experience in financial technology and trading, it offers global solutions to traders of different generations and backgrounds, who are looking for an intuitive and sophisticated investment gateway. It is led by market experts and leadership veterans who share a passion for trading and a vision to reshape the industry landscape. As a regulated firm, it provides investors with an online platform backed by cutting-edge technology that offers the opportunity to trade a wide range of instruments from different asset classes. SquaredFinancial has recently launched its proprietary mobile trading app and its innovative fixed-time deposit account.

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