Blockchain Press Releases
Project Gigabit is failing to deliver as millions are still without broadband funding: National Broadband Reports
- 50% of homes with unusable broadband in the UK have yet to receive funding from Project Gigabit
- The South East and East of England have received the most funding from Project Gigabit to date with both regions receiving over £250m
- Wales, Scotland and Northern Ireland are yet to receive any funding from Project Gigabit, along with Yorkshire and the East Midlands.
- Scotland fares the worst in the UK for broadband with over 60,000 residential properties unable to access broadband speeds of even 10Mbit/s
LONDON, July 18, 2023 /PRNewswire/ — Less than 18 months from the Government’s target date to provide 85% of properties with gigabit-capable broadband, new analysis from alternative broadband specialists National Broadband reveals that Project Gigabit funding is largely being spent on easier and cheaper to reach areas in order to reach this target. National Broadband has launched a petition calling on the Government to fund alternative broadband solutions for poorly connected areas falling outside the scope of Project Gigabit.
Only one out of the ten local authorities with the worst broadband connectivity in the UK has to date received any funding from Project Gigabit. Moreover, 50% of residential properties without access to the national minimum standard for broadband have yet to benefit from Project Gigabit funding. With fixed line broadband speeds below 10Mbit/s, these homes cannot perform even simple online tasks, such as video calling or streaming.
Despite some funding being distributed, there are significant and counter-intuitive disparities between regions. The South West which has the greatest number of premises in England unable to access landline broadband at speeds higher than 10Mbit/s has only received £42.3m from Project Gigabit, whereas both the South East and East of England have received over £250m each. This equates to the East of England receiving over £13,000 and the South East over £9,000 per property unable to access 10Mbit/s compared to just £887 for the South West.
Project Gigabit, has yet to allocate all of its £5bn budget. However its current progress highlights clear issues within its approach and its sole focus on full fibre broadband. Although according to Ofcom, the Government is set to reach its target by 2025, this latest analysis shows that in order to reach this objective, in the majority of cases, it is applying funding to more densely populated areas that are easier and cheaper to provision.
Alternative broadband delivery solutions such as 4G broadband should also be considered, since they have the potential to rapidly and cost-effectively bring much-improved connectivity to those who are the most digitally disadvantaged.
National Broadband has calculated that it would be possible to use alternative technology to supply all 435,000 properties currently without access to usable broadband (that being a service running at more than 10Mbit/s) with a much faster connection at a cost of less than 3% the Project Gigabit’s total budget.
David Hennell, Director at National Broadband commented: “There’s a growing disparity between digital haves and have nots in the UK and, as Project Gigabit fails to address more remote and more difficult to provision areas, this digital divide will only get worse. Far too many rural communities are still endlessly waiting on the distant promise of full fibre broadband – and yet the Government is failing to fund alternatives which exist today and which would immediately dramatically improve people’s connectivity at the fraction of the cost of fibre.
“This is counter-intuitive to say the least, because full fibre connectivity is being funded for properties that already benefit from perfectly good broadband performance, while properties in more rural and harder to reach areas which are typically those suffering with the poorest landline broadband speeds are being excluded. We of course acknowledge that expanding the roll-out of full fibre broadband is a good thing. However, we find it almost impossible to understand why other solutions are not also being funded for those who have the very worst current connectivity – simply put, why are those most in need being left out?
“It’s vital that the Government expands its view on improving connectivity and that’s why we’ve launched our petition. Otherwise the pursuit of its self-set target to provide 85% of UK properties with gigabit broadband will actually widen rather than close the digital divide that persists in the UK,”
Discover where your local area ranks for broadband and if it has received funding from Project Gigabit here.
Notes to Editors
Methodology
National Broadband utilised and analysed data both from Ofcom’s Connected Nations report and through an FOI request submitted to DCMS (now DSIT) to reveal where Project Gigabit funding had been allocated and broadband availability across the UK.
About National Broadband
National Broadband specialises in leveraging 4G and 5G technology to deliver fit-for-purpose broadband across the whole UK, with a particular focus on providing much-improved internet connections to more rurally located homes and businesses where fibre doesn’t reach.
To us, every single connection matters and every day we get to see how better broadband genuinely changes our customers’ lives. We believe that everyone should be able to access fast and reliable broadband and are committed to ensuring that no property gets left digitally disadvantaged and stuck on the wrong side of the digital divide.
Further data is available upon request and at: https://www.national-broadband.co.uk/best-rural-broadband/project-gigabit-uncovered
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Blockchain Press Releases
The Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
MIAMI, Jan. 18, 2025 /PRNewswire/ — The Moskowitz Law Firm, PLLC announces the preliminary approval of a proposed class action settlement that would benefit purchasers and legal title holders of Astrals Non-Fungible Tokens or Galaxy Tokens:
On January 14, 2025, the United States District Court for the Southern District of Florida preliminarily approved a proposed settlement of a class action captioned Harper v. O’Neal, Case No. 23-CV-21912-MORENO. The settlement class includes persons and entities who, from May 24, 2022 to January 14, 2025, purchased Astrals NFTS and/or who, before January 14, 2025, purchased GLXY tokens.
Claims for settlement benefits must be submitted by April 17, 2025. Objections to the settlement and requests for exclusion from the settlement must be received by March 3, 2025 in accordance with the instructions in the Class Notice, which is posted on the settlement website www.astralsnftsettlement.com. The Court will hold a Final Approval Hearing on April 1, 2025, at 9:30 a.m. For more information about the settlement and its terms please visit www.astralsnftsettlement.com.
If you have questions about any matter in this Class Notice, please contact the following representative of Class Counsel, who can answer questions:
Adam M. Moskowitz
The Moskowitz Law Firm, PLLC
P.O. Box 653409
Miami, FL 33175
(305) 740-1423
[email protected]
[email protected]
Blockchain Press Releases
Bybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
DUBAI, UAE, Jan. 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been recognized as the second most popular cryptocurrency exchange globally, according to the latest report from CryptoQuant. The “2024 Crypto Survey: Exchange Use and Investor Behavior” underscores Bybit’s unmatched appeal to professional traders, commitment to security, and innovative offerings that cater to a diverse, global user base.
Bybit’s platform has become a hub for full-time traders, with 52% of surveyed users identifying as professionals—outperforming rivals OKX (38%) and Binance (37%). This success is supported by initiatives like the Bybit Broker Program, which has onboarded over 700 new clients in 2024, raising the total to 1,500 institutional clients. Additionally, Bybit’s Unified Trading Account (UTA) simplifies trading by centralizing spot, futures, and options activities in one seamless interface. Supporting over 70 cryptocurrencies as collateral, this system empowers traders to maximize their capital efficiency by using unrealized profits as margin across various products. UTA’s role in managing 99% of the platform’s trading volume showcases its importance to Bybit’s ecosystem.
Furthermore, Bybit’s integration of MetaTrader 5 allows users to diversify into traditional markets, such as Gold and FX, using USDT, marking another step forward in meeting the needs of professional traders.
Bybit’s global popularity spans regions including Africa, South America, the Middle East, Asia, Europe, and Oceania, where it maintains a dominant presence. Even as the exchange strategically exits certain jurisdictions to comply with regulatory requirements, Bybit’s adherence to a compliance-first approach ensures sustainable growth in markets with clear regulatory frameworks. This adaptability has strengthened Bybit’s position as a trusted and reliable global platform.
The report also acknowledges Bybit’s excellence in security, customer service, and P2P trading, where it ranks as the third-best exchange globally. These accolades reflect Bybit’s dedication to delivering a secure, user-focused experience that builds trust and loyalty within its growing community.
Joan Han, Sales & Marketing Director at Bybit, shared:
“This achievement reflects our team’s unwavering dedication and commitment to delivering a world-class trading experience. We actively listen to our clients’ requests and continuously improve our tools to ensure a smoother trading journey. Our ability to adapt and thrive in diverse markets speaks to the strength of our vision and our focus on fostering a secure, accessible, and professional crypto ecosystem. As we continue to innovate and grow, we remain dedicated to empowering traders worldwide with the tools and trust they need to succeed.”
#Bybit / #TheCryptoArk
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 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
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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TOKYO, Jan. 17, 2025 /PRNewswire/ — GOLFIN, the pioneering Web3-based Golf2Earn platform, has been announced as the official sponsor of Web3 Hub Davos 2025. The event, taking place from January 20–23, 2025, in Davos, Switzerland, runs alongside the World Economic Forum’s Annual Meeting and will highlight the latest advancements in Web3, blockchain, and decentralized technologies across industries. Golfin is set to showcase how Web3 technology is reshaping the future of golf.
Golfin’s Key Highlights at Web3 Hub Davos 2025:
- Exclusive Presentation: Golfin’s founder Ken Komatsu and strategic advisor John Kojiro Moriwaka will present “How the Web3 Golf Game ‘Golfin’ Will Shape the Future of the Web3 Movement” on January 22, 2025, from 17:53 to 18:03 local time.
- Innovative Technology Integration: Golfin’s combination of NFTs and GPS technology allows players to create a seamless link between real-world and digital golf experiences.
- Industry Impact: Golfin aims to modernize the golf industry while addressing global economic disparities by building ecosystem that merges sports, entertainment, and blockchain technology
- Global Partnerships: Golfin has formed strategic partnerships with leading organizations, including the ZOZO Championship and Seibu Group, to expand its reach and integrate real-world golf experiences with digital rewards.
Golfin’s Approach to Web3 Golf:
Enhancing Golf Through Innovation: Golfin revolutionizes the golf experience by allowing players to earn points through real-world gameplay on verified golf courses. These points can be used to enhance their digital gameplay, creating a seamless connection between physical activity and in-game progression. Additionally, players can collect exclusive in-game items and trade NFTs, adding value and depth to both their golfing and gaming experiences.
Vision for the Future:
Golfin is committed to transforming the traditional golf industry by integrating Web3 technology to create a more immersive and accessible golfing experience. By fostering strategic partnerships and engaging global decision-makers, Golfin plans to expand its ecosystem and drive innovation in both the sports and blockchain sectors.
About Golfin GPS: The Golfin GPS app connects real golf with digital gameplay. Players earn points while playing at certified golf courses.
For More Information: golfin.io & web3hubdavos.com .
Join the Movement: Stay updated and join Golfin’s Web3 revolution by visiting the official website or following on Twitter (JP), Twitter (Global), Discord, Instagram, & Linktree.
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