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
Photo – https://mma.prnewswire.com/media/2155702/National_Broadband.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/project-gigabit-is-failing-to-deliver-as-millions-are-still-without-broadband-funding-national-broadband-reports-301878845.html
Blockchain Press Releases
Ethiopia-Exclusive: Bybit Livens up P2P Marketplace with 12,000 USDT in Rewards
DUBAI, UAE, Nov. 18, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce an Ethiopia-only limited time offer for Bybit P2P users. From now to Dec. 5, eligible makers and users on Bybit P2P can choose a special rewards track while capturing opportunities in P2P trading.
Registration is required for all three events:
1. Merchant-exclusive Event
On Bybit P2P, users may enter the P2P Maker Battle for a share of a 2,000 USDT prize pool. Merchants may get a share of the prize pool by placing a sell ad in the Ethiopian Birr (ETB) on the Bybit P2P marketplace, inviting others to buy USDT.
The prize pool will be divided by the top 10 merchants who trade with the largest number of unique users, and complete a minimum trading volume of 5,000 USDT and minimum number of 50 unique buyers. To qualify, the Merchant must register and submit their UIDs using this form.
2. Cashback Event: Up to 2% for Existing Users
All buyers have a chance at an easy win from another 8,000 USDT prize pool. Existing P2P users may simply trade to reach a minimum of 500 USDT in trading volume to unlock 2% cashback, up to 10 USDT per user.
3. Sharers Get More
Users have another way to access a 2,000 USDT prize pool by using the “share” button to spread the word about their ETB journey on Bybit P2P. The top 10 participants with the highest views will get to tell their stories and take home the rewards. Interested users may use this form to submit their work.
P2P trading is an organic part of the crypto market and an indispensable tool for improving financial inclusion and interconnectivity between community members. Bybit P2P provides a secure and user-friendly peer-to-peer trading solution, enabling users to seamlessly trade among themselves at zero fees.
Bybit offers resources about posting trades on Bybit P2P, and Ethiopian users may visit here for more.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides 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 | Youtube
Photo – https://mma.prnewswire.com/media/2559015/Ethiopia_Exclusive_Bybit.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ethiopia-exclusive-bybit-livens-up-p2p-marketplace-with-12-000-usdt-in-rewards-302308680.html
The European Union’s landmark MiCA regulation is set to transform the crypto industry, establishing stringent standards that many current Virtual Asset Service Providers may find challenging to meet. As MiCA compliance becomes the standard for operating within the European Economic Area, crypto exchanges and asset companies must take prompt action to align their operations with these comprehensive regulations.
To support businesses in navigating this significant transition, an exclusive webinar “Adapt or Die: The Urgent Shift from VASP to MiCA” will be held on Tuesday, November 19th, 2024, at 5:00 PM (CET) time.
This session is designed to provide industry professionals with practical insights and strategies to ensure their software and operations comply with MiCA standards.
Key highlights of the webinar include:
● Detailed analysis of MiCA regulations and their implications for the crypto sector.
● Actionable steps for software adaptation to achieve MiCA compliance.
● Case study feature: How Kyrrex achieved MiCA readiness using solutions from Simplify Labs.
● Practical tools for Anti-Money Laundering, Know Your Customer processes, cybersecurity, and transaction monitoring.
The webinar will be useful for CEOs, COOs, Compliance Officers, Regulatory and Legal Professionals, Tech Managers, and Investors looking to enter or expand within the EEA market. Attendees will gain the knowledge and tools necessary to adapt and thrive under the new MiCA regulatory framework.
Featured speakers:
Vadim Rozov, CEO at Simplify Labs, brings over 20 years of management and software development experience. Under his leadership, the company is dedicated to simplifying crypto and blockchain technology, making it accessible for non-technical founders and management teams.
Kevin Plumpton, CEO at Kyrrex, is a warranted advocate with extensive expertise in finance, business, property, and international law. He specializes in corporate governance, risk, and compliance legislation, and is a prominent figure in the Anti-Money Laundering and Counter Financing of Terrorism fields. He is recognized for developing innovative KYC and due diligence platforms utilized by leading organizations.
“The crypto industry is at a critical juncture where understanding and adhering to MiCA regulations is essential for continued growth and market access,” said Kevin Plumpton, CEO at Kyrrex. “Events like these are vital for bringing together industry leaders to share knowledge and best practices, ensuring businesses can adapt effectively and sustain their operations.”
Franklin Cachia, Executive Director at CSB Group, is an accomplished professional who advises clients on taxation, financial services, AML compliance, and corporate law, among other areas. His broad expertise also encompasses gaming, GDPR, and property law.
The post Adapt or Die: The Urgent Shift from VASP to MiCA appeared first on .
Blockchain Press Releases
Sweat Your Way to Rewards: Live4Well Revolutionizes Wellness with Innovative “Exercise-to-Earn” Ecosystem
HONG KONG, Nov. 18, 2024 /PRNewswire/ — The past decade has witnessed a dramatic shift in consumer behavior, with online shopping becoming the norm, further accelerated by the pandemic. Reward programs have sprung up everywhere, incentivizing spending and fostering brand loyalty. The core of cashback is to encourage consumers to develop a habit of continuous shopping through rewards. This same logic is beginning to take root in the field of sports and health.
GYMetaverse, the innovative team behind the successful Live4Well Genesis NFT collection, is disrupting the rewards landscape with the launch of its upgraded VIV PASS program. This groundbreaking “move-to-earn” ecosystem incentivizes healthy habits, transforming sweat equity into tangible rewards. Live4Well envisions a positive feedback loop where exercise leads to better health, and better health leads to tangible benefits, realizing the concept of “health as wealth.”
Pioneering the “Fitness Mileage” Concept: Earn Rewards for an Active Lifestyle
This inclusive program is open to users worldwide with zero barriers to entry. In just minutes, users can download the Live4Well mobile app and register for free access to the VIV Pass ecosystem. Initially, Sweat Points, the program’s reward currency, can be earned through three primary avenues:
(1) Daily Exercise — Users accumulate points by tracking steps and calories burned, turning daily workouts into rewarding experiences.
(2) Competition Participation — Points are awarded for participating in designated sporting activities, simply by uploading proof of participation.
(3) Health & Fitness Spending — Users can upload receipts for eligible purchases in the designated sports and wellness categories to earn additional Sweat Points.
Live4Well makes the benefits of exercise immediately tangible, converting effort into visible rewards. Accumulated Sweat Points can be redeemed for a variety of prizes, including cash vouchers, fitness products, and exercise classes. The Live4Well app also empowers users to track their fitness data and participate in engaging challenges.
Creating a Global Sharing Economy: A triple win for Users, Businesses, and the Industry
Live4Well‘s vision extends beyond simply creating a health management platform. The “exercise-to-earn” concept fosters a mutually beneficial ecosystem:
(1) User Benefits — VIV PASS motivates individuals to adopt and maintain healthy exercise habits through a rewarding system.
(2) Business Advantages — The platform connects businesses with their target audience through community engagement and strategic partnerships, driving more effective product promotion.
(3) Industry Transformation — By creating a “move-to-earn” economy, Live4Well stimulates consumer spending, transforming calorie expenditure into a quantifiable reward unit. This innovative approach empowers businesses to generate revenue, expand operations, and seamlessly connect the virtual and physical worlds.
Since its inception, Live4Well‘s fitness alliance ecosystem has continued to expand. With ongoing optimization of its operational framework, the VIV PASS ecosystem provides easy access and a tiered membership system, fostering a comprehensive wellness mechanism which stimulates consumer engagement, and builds a thriving global sharing economy.
To learn more, please visit: https://www.live4well.io
Photo – https://mma.prnewswire.com/media/2560192/Live4Well.jpg
Photo – https://mma.prnewswire.com/media/2560193/Live4Well_Press_Release_Visual_Eng_1.jpg
View original content:https://www.prnewswire.co.uk/news-releases/sweat-your-way-to-rewards-live4well-revolutionizes-wellness-with-innovative-exercise-to-earn-ecosystem-302308269.html
-
Blockchain Press Releases6 days agoNotabene Raises $14.5M in Series B Funding Led by DRW VC to Drive the Future of Stablecoins and Payments
-
Blockchain4 days agoMoney Transfer Apps Industry Worth $47.67 Billion by 2029 – Regional Markets Analysis and Profiles of Leading Players PayPal, Western Union Financial Services, Wise Payments, Remitly, WorldRemit, Revolut & More
-
Blockchain Press Releases4 days agoVantage Markets Named Leading Broker in Investing.com’s Latest Rankings for 2024 during the US Election Period
-
Blockchain Press Releases5 days agoBybit WSOT 2024 Shatters Records with $100 Billion in Trading Volume, Redefining Crypto Trading Competition
-
Blockchain Press Releases4 days agoBlockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
-
Blockchain Press Releases4 days agoVantage Australia Celebrates 15 Years of Trading Innovation with Groundbreaking Anniversary Video
-
Blockchain6 days ago
LAUD Announces Data-Driven Marketing Solutions to Empower Fintech Companies
-
Blockchain3 days ago
This Week in Finance News: 11 Stories You Need to See
