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Blockchain Press Releases

Prosimo Disrupts MCN Market by Making Multi-Cloud Connectivity Free

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Overcomes the Biggest Barriers to Enterprise Multi-Cloud Success: Cloud-Native Adoption and Multi-Cloud Connectivity Management

News Summary:

  • Prosimo democratizes MCN, frees cloud engineers from connectivity complexities, shifting focus to application and service networking and redirecting time to higher-value outcomes like app modernization, policy compliance, and cloud cost control.
  • Enterprises using Prosimo MCN solutions witness 30-50% savings in TCO, amounting to millions of dollars. Fortune 500 financial services early adopters acknowledge a minimum of $100,000 value from MCN Foundation alone, surpassing commercial alternatives.
  • MCN Foundation reduces Cloud Connectivity management from weeks to minutes with core capabilities: Seamless onboarding, cloud discovery, VPC/VNET connectivity, access policies, and real-time troubleshooting across any cloud.

SAN JOSE, Calif., June 28, 2023 /PRNewswire/ — Prosimo launches Prosimo MCN Foundation, an industry-disrupting free Multi-Cloud Networking solution powered by its Cloud-Native Full Stack Platform. Prosimo has received accolades from Fortune 500 financial service companies and prominent enterprises for its exceptional cloud-native architecture. The MCN Foundation offering has garnered praise for its ability to deliver significant cost savings, surpassing $100,000 compared to commercial alternatives. By adopting this solution, businesses move to advanced MCN solutions from Prosimo that can achieve a remarkable 30-50% reduction in the total cost of ownership (TCO), potentially resulting in savings of millions of dollars.

More details on MCN Foundation: www.prosimo.io/getmcn

MCN Foundation Accelerates Cloud Adoption

Enterprises progress through three key stages in their cloud journey. Stage 1 involves establishing reliable connectivity. In Stage 2, the focus shifts to supporting applications and services that utilize this connectivity. Finally, in Stage 3, enterprises genuinely reap the benefits of scalable cloud adoption. The current MCN solutions impose excessive time and financial burdens on enterprises due to complexities, lack of focus on applications/services, non-cloud-native operating models, and high licensing fees for Stage 1. These factors continue to hinder the Multi-Cloud Networking market’s growth and slow cloud migration.

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The free MCN Foundation establishes itself as an undeniable starting point. As foundational Cloud Connectivity is delivered, Prosimo sets its sights on elevating the operating paradigm to the application layer and transitioning to a Service Networking environment. This transition enables seamless interconnectivity between applications and PaaS, addressing complex challenges like policy governance, segmentation, expediting app modernization, and optimizing cloud cost control.

“Establishing a consistent, repeatable and scalable way to build connectivity to one or more public clouds and ensuring full end-to-end visibility in these environments are two of the biggest challenges for enterprises. Organizations must overcome the complex and cumbersome legacy connectivity solutions that require significant resources, time, and money to create a multicloud network. Prosimo MCN Foundation democratizes multicloud networking, accelerating the adoption and ability to scale connections to multiple public clouds, while also enabling enterprises to remain in full control of its infrastructure and focus on higher-value outcomes,” said Bob Laliberte, Principal Analyst, Networking at ESG.

“94% of enterprise cloud-native workloads run on multicloud environments and have the desire to increase agility to accelerate business velocity, according to our research. Solving cloud connectivity is a foundational requirement that makes cloud networking transparent and eliminates friction between cloud networking and DevOps, empowering them to work more collaboratively. This enables enterprises to focus on the application and allows DevOps to accelerate cloud migration and deliver innovations aligned with business goals. Prosimo MCN Foundation provides enterprise cloud journeys by enabling organizations to build consistent connectivity and policies across clouds and provides a NetDevOps-centric path for self-service onboarding of applications,” said Paul Nashawaty, Principal Analyst, Infrastructure Modernization, Application Development and Modernization, at TechTarget Enterprise Strategy Group.

Instant ROI with MCN Foundation

“Enterprises are unfortunately stuck today in stage-1 of cloud networking – building network highways and cannot focus on real value – applications, services, and users. The customers who have adopted Prosimo have moved past the initial stages quickly and can rapidly innovate using cloud-native networking,” said Ramesh Prabagaran, Co-founder and CEO at Prosimo. “30-50% savings is not something enterprises can ignore. Value is moving up the stack in cloud networking, and by democratizing MCN, we want to lead the charge to help enterprises get there quickly. Expect a lot of disruption in the market that is suppressed today by traditional approaches to cloud networking.” 

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Free Connectivity Empowers Enterprises to Soar!

Whether it’s instant $100,000 savings or a 30-50% TCO reduction – the starting point is simple and takes just a few clicks.

In <7 minutes, you will be able to build and operate your MCN:

  • Instant discovery and complete visibility into your cloud inventory
  • Cloud Native Connectivity
    • Orchestrate VNET/VPC connectivity and build transit using existing infrastructure in any cloud
    • Build consistent connectivity across clouds
    • Automatic route table updates
    • Enforce Network access policies that can span across regions and cloud
    • Day-0 automation with Terraform
  •   Faster MTTR
    • Complete Network Visibility 
    • View Route and Session table across clouds
    • End-to-End Traceability
    • Diagnostics tools such as TCPDump, CURL, Cloud Traceroute, and Ping
  • Be ready for NetDevOps
    • Unified Terraform automation
    • CI/CD integration
    • Self-service onboarding for developers

Resources

Connect with Prosimo

About Prosimo:
Prosimo delivers a simplified multicloud infrastructure for distributed enterprise cloud journeys. Companies innovate faster and remain in control with the Prosimo integrated stack. This stack combines cloud networking, performance, security, observability, and cost management—all powered by data insights and machine learning models with autonomous cloud networking to reduce complexity and risk. Cloud-forward enterprises, including F100, have adopted Prosimo to successfully roll out revenue-generating applications, improve operational efficiency, and accelerate positive business outcomes. Prosimo is venture-backed by marquee investors such as General Catalyst, WRVI Capital, and Blackrock. For more information, visit https://www.prosimo.io.

Press Contact:
Jin Woo
(510) 691-8862
[email protected]

 

Prosimo unlocks the power of multi-cloud with Full Stack Cloud Transit

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Blockchain Press Releases

Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report

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DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.

With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.

Key Findings:

BTC Options Expirations:

In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.

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ETH Options: Calls Dominate

Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side. 

Access the Full Report:

Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)

#Bybit / #BybitResearch

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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 media inquiries, please contact: [email protected]

For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Blockchain Press Releases

BC.GAME Launches Monkey King-Themed Slot Game Wukong

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NICOSIA, Cyprus, Dec. 26, 2024 /PRNewswire/ — BC.GAME has launched its latest slot game, Wukong, inspired by the highly acclaimed Black Myth: Wukong, a groundbreaking AAA game that has captivated players worldwide. Officially released on December 24, this 6-reel, 5-row slot game allows players to experience the essence of Wukong’s legendary journey while aiming for rewards of up to 10,000 times their bet.

The game incorporates iconic symbols and elements from Black Myth: Wukong, such as the Ruyi staff, gourd bottles, and treasure pearls, designed to recreate the mythical atmosphere of the original story. The addition of the Sticky Symbols feature enhances gameplay by keeping special symbols locked in place during free spins, significantly increasing the chances of winning and unlocking larger rewards.

Dark Visual Design and Storytelling Behind Wukong

The visual design of Wukong draws from traditional Chinese art styles, blending elements from Journey to the West. The reels are filled with recognizable symbols like the Ruyi staff, gourd bottles, and treasure pearls. These symbols immerse players in the mythical world of the story, faithfully recreating key moments from the novel, such as Sun Wukong’s havoc in Heaven and his encounters with the White Bone Demon.

The game’s background is rooted in Journey to the West, where Sun Wukong embarks on a journey with the monk Tang Seng and his companions to obtain sacred scriptures. Each detail of the game is carefully crafted to bring this legendary tale to life, offering a unique gaming experience and a tribute to Chinese culture and mythology.

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Key Features of the Wukong Slot Game:

Free Spins and Bonus Opportunities: Triggering free spins unlocks additional reward mechanisms, increasing the chances of landing big wins.

Sticky Symbols Feature: Special symbols remain in place during free spins, greatly enhancing winning potential.

Up to 10,000x Max Win: The game offers a maximum payout of up to 10,000 times the bet, providing significant winning opportunities.

“Wukong is not just about spinning reels; it’s about experiencing a rich part of Chinese culture. We’ve worked hard to ensure the game is stunning and fun and engaging for players, with layers of features that add excitement. We’re proud to offer a game that blends storytelling with gameplay, and we think players will love the journey through Wukong’s legendary world,” Jack Dorset, CEO of BC.GAME said.

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About BC.GAME

BC.GAME is a leading online gaming platform that integrates blockchain technology and cryptocurrency into its casino games, by offering a secure, transparent, and decentralized experience, BC.GAME allows players to enjoy a variety of gaming options, including slots, table games, and live casino offerings. The platform is dedicated to providing players with exciting, fair, and innovative ways to engage with the world of gaming. citing, fair, and innovative ways to engage with the world of gaming.

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Blockchain Press Releases

WSPN Appoints Former EY Global Chief Innovation Officer Jeff Wong as Independent Director

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN), a leading stablecoin infrastructure company, announces the appointment of Jeff Wong as Independent Director. Mr. Wong brings over 25 years of experience in technology innovation and enterprise transformation to WSPN. He most recently served as EY’s Global Chief Innovation Officer from 2015 to 2024, where he spearheaded the firm’s global innovation initiatives and established EY’s advanced technology labs focusing on Artificial Intelligence, Blockchain, Quantum Computing, and Web3.

Prior to EY, Mr. Wong held leadership roles at eBay and JPMorgan Partners. He is a member of the Council on Foreign Relations, the Forbes Technology Council, and the founding Chair of Asia Society’s Technology and Innovation Council, helping drive the innovation and transformation agenda. He was also a member of the World Economic Forum’s Global Future Council on Innovation Ecosystems. He has previously served on the Oxford Foundry Board at Oxford University and the Advisory Board for AI4All. Mr. Wong is a recipient of the Outstanding 50 Asian Americans in Business award and an honoree of the A100 List by Gold House, recognizing individuals with Asian Pacific heritage who have made a significant impact on American culture and society.

“Joining WSPN at this pivotal moment in the stablecoin industry is incredibly exciting,” said Mr. Wong. “I look forward to contributing my experience in emerging technologies and enterprise transformation to help WSPN build the next generation of digital payment infrastructure.”

“Jeff’s appointment represents a significant strategic addition to WSPN,” said Raymond Yuan, Founder and CEO of WSPN. “His deep expertise in innovation management, enterprise transformation, and emerging technologies, combined with his leadership experience at global institutions, will be invaluable as we accelerate our market expansion and global development.”

About WSPN

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WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN’s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.

Learn more: www.wspn.io | X | LinkedIn

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