Blockchain Press Releases
NexGen Power Systems and General Motors to Receive Department of Energy (DoE) Award for GaN-Based Electric Drive Systems

NexGen Vertical GaN Semiconductors To Be Used In DoE Sponsored Inverter Drive Systems Project for Electric Vehicles
SANTA CLARA, Calif., June 29, 2023 /PRNewswire/ — NexGen Power Systems, Inc., a global leader in the design, development and manufacture of Vertical GaN® semiconductors for high power applications, today announced that its collaborative project with General Motors (NYSE: GM) had been awarded funding by the U.S. Department of Energy (DoE) for the development of electric drive systems using NexGen’s Vertical GaN semiconductors. The joint development project aims to enhance the efficiency, performance, and overall sustainability of electric vehicles and intends to focus its efforts on power electronics design, motor integration, thermal management, and system-level optimization for electric drive systems.
“We are excited that the DoE award gives us the opportunity to develop GaN-based electric drive systems with a leading automotive manufacturer like General Motors,” said Shahin Sharifzadeh, Chief Executive Officer of NexGen. “This collaboration will help us introduce Vertical GaN based inverter drive systems to the electric vehicle market and will help enable auto makers to improve range, reduce weight, and enhance system reliability.”
Today’s announcement builds on NexGen’s February 2023 announcements regarding the availability of engineering samples for its 700V and 1200V semiconductors. NexGen’s current generation 1200V, 1 Ohm, Vertical GaN e-mode Fin-jFETs have successfully demonstrated >1 MHz switching at 1.4kV rated voltage, making the NexGen devices important to continued performance, reliability and efficiency improvements in the electric vehicle market.
About NexGen Power Systems:
NexGen Power Systems designs, develops, and manufactures NexGen Vertical GaN® semiconductors for innovative high-power applications and power conversion systems. NexGen’s seminal patent portfolio for Vertical GaN technologies includes more than 100+ fundamental patents in Vertical GaN device architectures, process technology and circuitry. NexGen is headquartered in Santa Clara, California and manufactures its NexGen Vertical GaN® semiconductors in the United States at its facility in Syracuse, New York. For further details, please visit our website: https://www.nexgenpowersystems.com
Photo: https://mma.prnewswire.com/media/2144598/DoE_Award_Announcement.jpg
Logo: https://mma.prnewswire.com/media/1994733/3868960/NexGenLogo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/nexgen-power-systems-and-general-motors-to-receive-department-of-energy-doe-award-for-gan-based-electric-drive-systems-301867350.html
Blockchain Press Releases
Institutions Have Doubled their Bitcoin Allocations this Year, New Bybit Report Shows

DUBAI, UAE, Dec. 1, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, has released new research offering analysis of how traders adapt their strategies in fluctuating market conditions. “Navigating Bull and Bear Markets — A Dive Into Asset Allocation,” uses Bybit’s proprietary data and is the first initiated by a crypto exchange.
The report provides a detailed examination of asset allocation strategies employed by different cohorts — institutions, VIPs, and retail traders — especially in the volatile market environment since December 2022.
Key findings include:
- Institutional Investors: Predominantly holding 45% in stablecoins, 35% in Bitcoin, and 15% in Ether, institutions emphasize liquidity and strategic diversification. Notably, their Bitcoin holdings nearly doubled in the first three quarters of 2023.
- Ether Trends: A decline in institutional interest in Ether has been noted, although upcoming market developments, like the rumored BlackRock spot Ether ETF, could shift the trend.
- Retail Trader Behavior: Retail traders are observed to hold more stablecoins, suggesting a more cautious allocation to riskier assets compared to traditional finance norms.
- Altcoin Investments: Both retail and VIP traders show higher altcoin holdings than institutional investors, although these remain a minor part of total portfolios, indicating caution, perhaps due to a hangover from the recent bear market.
“This report is a testament to Bybit’s commitment to empowering our users with actionable insights,” said Ben Zhou, co-founder and CEO. “Understanding how different market participants navigate the complexities of bull and bear markets is crucial. We believe this research will not only enlighten our traders but also contribute to the broader crypto community’s understanding of market dynamics.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers 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.
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
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X (Twitter) | Youtube

Photo – https://mma.prnewswire.com/media/2290402/2311_T12814_Q4_Hero_Content.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/institutions-have-doubled-their-bitcoin-allocations-this-year-new-bybit-report-shows-302003220.html
Blockchain Press Releases
Set Sail on a Crypto Voyage: Bybit Announces ByBUIDLERs Cruise Contest to Dubai in Partnership with Sea Summit

DUBAI, UAE, Dec. 1, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, is excited to announce the ByBUIDLERs Cruise Contest, an extraordinary opportunity for crypto enthusiasts in India. This contest offers a chance to win a luxurious 10-day cruise from Mumbai to Dubai, coupled with an exciting Sea Summit experience and a visit to Bybit’s Dubai office.
Introducing ByBUIDLERs
ByBUIDLERs is Bybit’s initiative that combines grassroots enthusiasm with the thrilling world of cryptocurrency. Designed for crypto aficionados, the program invites participants to engage with the community, create compelling content, and contribute to Bybit’s growth and outreach.
Participation Steps
- Enlist as a ByBUIDLER: To join, provide your name, email, and social media profile link. Express in 100 words your excitement about becoming a ByBUIDLER via our Google form.
- Take the Bybit 5th Anniversary Personality Quiz: Complete the personality quiz and share your results on social media, highlighting how your personality influences your crypto journey.
- Participants must post their entries before December 6th, tagging @Bybit and @TheSeaSummit, using the hashtags #ByBUIDLERcruisetrip and #High5Bybit.
Rewards
The top five most creative ByBUIDLERs, judged by their engagement and creativity, will embark on the Sea Summit 10-day luxury cruise, setting sail from Mumbai to Dubai. The cruise is also a crypto summit where winners will meet leaders in crypto, participate in educational events, and attend themed party nights.
#Bybit / #TheCryptoArk
About Bybit
Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers 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 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
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X (Twitter) | Youtube

Photo – https://mma.prnewswire.com/media/2290250/Image.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/set-sail-on-a-crypto-voyage-bybit-announces-bybuidlers-cruise-contest-to-dubai-in-partnership-with-sea-summit-302003138.html
Blockchain Press Releases
Bitget Wallet Integrates TON Mainnet, Prepares for TON and Telegram-Based Innovative Products

Bitget Wallet Integrates TON Mainnet, Prepares for TON and Telegram-Based Innovative Products
VICTORIA, Seychelles, Nov. 30, 2023 /PRNewswire/ — The leading Web3 trading wallet, Bitget Wallet (formerly known as BitKeep Wallet), now supports TON (The Open Network). TON, a high-performance Layer 1 blockchain, was initially designed by the Telegram team and later advanced by the community.
The TON integration allows users to add the TON network with a single click, manage assets, and perform on-chain transactions. Looking ahead, Bitget Wallet plans to further expand its services to include support for TON ecosystem DApps, token trading, and candlestick chart features. Additionally, Bitget Wallet is set to launch innovative products and services based on TON and Telegram, such as the Telegram Red Packet feature.
TON, with its Telegram-originated blockchain solution, is designed for high scalability, targeting millions of transactions per second (TPS) to serve Telegram’s extensive user base. This performance capability positions TON as a pivotal player in the evolving digital landscape. By building a Web3 ecosystem within Telegram, TON is committed to bridging Web2 and Web3, promoting the widespread adoption of cryptocurrencies and decentralized technologies.
Bitget Wallet’s support for TON reflects a recognition of its innovation and anticipation of Telegram’s user base venturing into Web3. This aligns with Bitget Wallet’s ongoing commitment to providing convenient, user-friendly product experiences and opening the doors to Web3 for its users.
To date, Bitget Wallet has served over 12 million users worldwide, becoming one of the most popular crypto hot wallets globally, with its app ranking fourth in global downloads in October. The integration with the TON mainnet is also expected to enhance the liquidity and user base of the TON network.
About Bitget Wallet (Web3 trading wallet)
Formerly known as BitKeep, Bitget Wallet stands as Asia’s largest and global frontrunner among all-in-one Web3 trading wallets. We offer a comprehensive range of on-chain products and DeFi services to our users, including wallet functionality, Swap feature, NFT trading, DApp browsing, MPC Wallet and more.
With a 5-year legacy, Bitget Wallet has garnered acclaim from over 12 million users worldwide and has secured partnerships with prominent industry leaders including Ethereum, BNB Chain, Arbitrum, Polygon, Solana, Base, and others. This success stems from our commitment to consistently delivering secure and convenient products and services.
In March 2023, Bitget, a leading crypto derivatives trading platform made a substantial $30 million investment in BitKeep, acquiring a controlling stake. Following this strategic move, BitKeep underwent a transformative and strategic brand evolution in August, officially rebranding itself as Bitget Wallet.
For more information, visit: Website | Twitter | Telegram | Discord
View original content:https://www.prnewswire.co.uk/news-releases/11-30—bitget-wallet-integrates-ton-mainnet-prepares-for-ton-and-telegram-based-innovative-products-302001956.html
-
Blockchain Press Releases4 days ago
Kabuni announces Web3 learning platform ‘Kabuni Wizard’ and Learn-To-Earn Cryptocurrency ‘Kabuni Coin’
-
Blockchain Press Releases5 days ago
Bybit Launches #High5Bybit Personality Test and 1-million USDT Trading Competition with Exclusive NFT Collection for Fifth Anniversary
-
Blockchain Press Releases5 days ago
OKX Officially Launches Crypto Exchange and Web3 Wallet in Brazil
-
Blockchain Press Releases5 days ago
Cross-Chain Aggregator Bungee Now Supports Bitget Wallet Connectivity
-
Blockchain Press Releases3 days ago
Bitget Announces Listing of Friend3, Supporting Social dApp Innovation
-
Blockchain Press Releases2 days ago
Term Structure Secured an Initial Funding of USD 4.25 Million in a Series Seed Fundraising Round, With Cumberland DRW Leading the Investment
-
Blockchain Press Releases4 days ago
Bybit Celebrates 5 Years of Disrupting the Game with 20 Million Users Milestone
-
Blockchain Press Releases1 day ago
11.30 – Bitget Wallet Integrates TON Mainnet, Prepares for TON and Telegram-Based Innovative Products