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Blockchain Press Releases

Advanced Battery Management Software Will Enable Automakers US$18 Billion in Potential Savings in 2030

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Improvements in battery software can allow for a smaller battery without reducing a vehicle’s range

LONDON, July 20, 2023 /PRNewswire/ — Advanced Battery Management System (BMS) software could save automakers US$18 billion annually in 2030, equivalent to US$76 billion cumulatively from 2024. New research from global technology intelligence firm ABI Research finds that intelligent BMS software can reduce the size of Electric Vehicle (EV) batteries without reducing their range. This reduces the cost to OEMs of manufacturing EVs, helping them to mitigate the effects of limited battery production and achieve profitability.

“OEMs are struggling with two competing issues: the demand from customers for EVs with a greater driving range and the shortages of EV batteries due to restricted supplies of critical minerals and limited manufacturing capacity. Advanced BMS software allows EV batteries to be charged to a higher level and discharged to a lower level without being damaged or aging prematurely, increasing their usable capacity and addressing both problems. These solutions can be adopted purely through software, running as AUTOSAR applications to augment the existing BMS capabilities,” says Dylan Khoo, Electric Vehicles Analyst at ABI Research.

Qnovo‘s SpectralX is an example of an intelligent software-only BMS solution that can not only improve range by 10% but also enable faster charging and minimize degradation to extend an EV battery’s lifespan. This technology could allow the global EV industry to reduce required battery production in 2030 by around 300 GWh, significantly alleviating the stress on the battery supply chain and manufacturing costs.

Outside of the software space, wireless BMS (wBMS) hardware will also help to reduce costs by allowing batteries to forgo connectivity wires. Wire harnesses are expensive and time-consuming to install and maintain and add weight, volume, and points of failure to the battery. GM is the first major automaker to adopt a wBMS with its Ultium platform, developed in collaboration with Analog Devices and Visteon. Major component suppliers such as Marelli, NXP, and TI have wBMS offerings as well; ABI Research expects that the cost benefits of this technology will lead to it being the leading solution in the next generation of EV platforms.

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“Aside from Tesla, most OEMs are currently struggling to turn a good profit on their EVs. Ford, for example, is expecting to have a US$3 billion loss pretax on its EV business this year. A key factor in this is the high cost of batteries and difficulties in scaling production to match the rapidly growing demand. BMS software effectively gets more energy out of a smaller battery and cuts production costs. As an application layer solution, it can be applied to a wide range of battery formats without requiring changes in design or manufacturing,” Khoo concludes.

These findings are from ABI Research’s Battery Management Systems for Electric Vehicles application analysis report. This report is part of the company’s Electric Vehicles research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.

About ABI Research

ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.

ABI Research是一家国际科技情报公司,为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。

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For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.

Contact Info

Global
Deborah Petrara 
Tel: +1.516.624.2558
[email protected]

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Blockchain Press Releases

HTX Research Analysis: Bittensor’s dTAO Upgrade Redefines Decentralized AI Infrastructure

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SINGAPORE, March 19, 2025 /PRNewswire/ — HTX Research, the research arm of HTX Group, has released an in-depth report titled, “dTAO and the Evolution of Bittensor: Reshaping Decentralized AI with Market-Driven Incentives.”. The evolution of artificial intelligence has transitioned from foundational model development to the refinement and optimization of existing systems, a trend exemplified by industry leaders such as DeepSeek and OpenAI. This analysis examines how Bittensor’s Dynamic TAO (dTAO) upgrade addresses inherent challenges within decentralized AI, positioning the network as a pioneering force in this emerging sector.

Bittensor’s Architecture: Foundation for a Decentralized AI Ecosystem

Bittensor’s architecture is structured around three core components: the Subtensor blockchain, a Polkadot parachain with EVM compatibility; 64 specialized subnets; and a governance-focused Root Subnet. The network employs a dual-key security system, Coldkey-Hotkey, and a subnet UID framework to facilitate secure and open participation for miners and validators. At the core of its operational model is the Yuma Consensus (YC), a dynamic incentive mechanism that diverges from traditional static reward systems. YC assesses validators’ weight vectors, derived from historical performance and stake, to distribute TAO rewards every 12 seconds, establishing a self-regulating “stake → weight → reward” loop. This mechanism aligns contributions with incentives while mitigating malicious activities through continuous adjustments.

The dTAO Upgrade: Market-Driven Resource Allocation

The dTAO upgrade, implemented on February 13, 2025, introduces liquidity pools for subnet tokens, fundamentally altering Bittensor’s economic framework. Key innovations include:

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  • Subnet Token Liquidity Pools: Each subnet’s dTAO tokens are paired with TAO in automated market-maker pools, enabling price discovery driven by supply-demand dynamics.
  • Emission Rebalancing: 50% of new subnet emissions are injected into liquidity pools, incentivizing long-term participation.
  • Validator-as-VC Dynamics: Validators now act as venture capitalists, strategically staking TAO into high-potential subnets to maximize returns.

This upgrade addresses previous systemic limitations, such as validator centralization, resource redundancy, and misaligned incentives. By linking subnet rewards to market performance, dTAO fosters competition, encouraging the development of specialized AI solutions, ranging from multimodal content detection to decentralized search engines.

Ecosystem Impact: Emergence of High-Performance Subnets

The implementation of dTAO has led to the emergence of high-performing subnets, operating within a self-reinforcing feedback loop where increasing token prices attract greater TAO emissions, subsequently drawing more users and validators. Examples include:

  • Chutes: A CLI toolkit for deploying decentralized apps, Chutes’ subnet token surged rapidly, driven by its integration with Bittensor’s Subnets 19 and 56.
  • Multi Modality (Subnet 4): Focused on AI-generated content detection, this subnet leverages balanced validator-miner challenges to ensure model accuracy.

However, projects like Kaito highlight potential pitfalls, demonstrating that technical proficiency alone does not guarantee success without robust integration with core product utility.

Despite the advancements introduced by dTAO, HTX Research also identifies ongoing challenges, including the lack of real-world demand drivers for TAO rewards, the potential for resource redundancy among overlapping subnets, and persistent validator centralization. To ensure sustained growth, HTX Research emphasizes the necessity for on-chain verifiability, standardized subnet performance benchmarking systems, and the integration of subnet token utility, such as governance or service access, to reduce speculative trading.

Bittensor’s dTAO upgrade signifies a transition from centralized governance to market-driven incentives. While challenges remain, the network’s architecture and economic model provide a solid foundation for decentralized AI innovation. As subnet tokens evolve into tools with tangible utility, Bittensor is positioned to redefine collaborative and competitive dynamics within AI ecosystems.

HTX Research remains committed to providing comprehensive analyses of these developments, offering actionable insights into the intersection of AI and blockchain technology. For the complete report, please visit Here.

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About HTX Research:

HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends. Committed to providing data-driven insights and strategic foresight, HTX Research plays a pivotal role in shaping industry perspectives and supporting informed decision-making within the digital asset space. Through rigorous research methodologies and cutting-edge analytics, HTX Research remains at the forefront of innovation, driving thought leadership and fostering a deeper understanding of evolving market dynamics.

Visit us here.   

Contact: [email protected] 

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Blockchain Press Releases

BTCC Exchange Named Headline Sponsor of Red Eagle Foundation’s Charity Golf Day Featuring Matt Le Tissier

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VILNIUS, Lithuania, March 19, 2025 /PRNewswire/ — BTCC, the world’s longest-serving crypto exchange, is proud to continue its support of the Red Eagle Foundation’s charity golf day this year, featuring football legend Matt Le Tissier. This prestigious event, set for March 27, 2025, at the esteemed London Golf Club, aims to raise funds for disadvantaged children across the UK.

The Red Eagle Foundation is dedicated to improving the lives of children facing mobility challenges, mental health struggles, and learning difficulties, particularly those from underprivileged backgrounds. By providing funding for essential equipment not covered by the NHS, the foundation plays a crucial role in transforming lives.

As BTCC marks its 14th anniversary, the exchange is launching a series of in-person initiatives, beginning with this charity event. Last year’s partnership with the Red Eagle Foundation was a tremendous success and raised £31,000 for its beneficiaries. This year, the demand has been even greater with tickets selling out quickly, a testament to the community’s commitment to this meaningful cause.

The charity event will feature a morning golf tournament, followed by a luncheon where attendees can engage in a Q&A session with Matt Le Tissier. The day will conclude with a charity auction and the announcement of the golf tournament results.

“This event is so much more than just a golf tournament; it is a wonderful opportunity to make a real impact,” said Aaryn Ling, Head of Branding at BTCC. “Every swing, every donation, and every auction bid helps shape a child’s future. As one of the longest-running crypto exchanges, we believe it is our responsibility to use our platform for good. We are inviting our entire BTCC community to join us in this effort. Together, we can bring hope and create opportunities for those who need it most.”

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Looking ahead, BTCC remains committed to social responsibility, with plans to host additional charity events and take part in global initiatives throughout 2025. The community is encouraged to stay updated on upcoming announcements and opportunities to contribute to these charitable efforts.

About BTCC

Established in 2011, BTCC is a leading cryptocurrency exchange offering secure trading services to users worldwide. BTCC is committed to a reliable and user-friendly trading experience, continually evolving with the dynamic cryptocurrency market.

Official Website: https://www.btcc.com/en-US

X: https://x.com/BTCCexchange

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Contact: [email protected]

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Blockchain Press Releases

Empowering Education in Africa: Bybit and AltSchool Africa Unveil Bybit Academy and $100,000 Scholarship Fund

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DUBAI, UAE, March 19, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced its partnership with AltSchool Africa through the launch of a Bybit Academy and a $100,000 scholarship fund. This scholarship will benefit 1,000 AltSchool students, enabling them to access the life-changing power of education. The partnership endeavors to empower the next generation of innovators and leaders by providing accessible, technology-focused education that equips students with the skills needed to thrive in a digital economy.

AltSchool Africa is a global talent company that equips Africans with the knowledge, skills, and resources they need to succeed in their careers. AltSchool Africa offers a diverse range of technical and non-technical diploma programs and short courses across its five schools: Software Engineering, Data, Product, Creative Economy, and Business. To ensure that skilled professionals can access rewarding career opportunities worldwide, AltSchool Africa also provides career counseling, mentorship, recruitment support and job placement services.

As Africa continues to emerge as a vibrant hub for innovation and technology, the need for quality education has never been more pressing. Bybit recognizes that investing in education is a strategic imperative that fosters long-term economic growth and technological advancement in the continent.

Key Highlights of the Initiative:

  • Financial Support: Bybit will provide a sponsorship fund of $100,000 to establish the Bybit Academy and offer scholarships for 1,000 students. Students will be selected based on established criteria, including academic performance and diversity.
  • Merit and Diversity-Based Criteria: Bybit will collaborate with AltSchool Africa to determine scholarship selection criteria based on entrance exam scores, priority countries, gender diversity, and other mutually agreed factors.
  • Internship and Ambassador Opportunities: The top 10 graduates from the program will have the chance to become Bybit Interns, Ambassadors, or ByBUILDERS, fostering their professional growth and integration into the Bybit ecosystem.
  • Educational Contributions: Bybit product managers will facilitate sessions on technology and cryptocurrency, enhancing the participants’ learning experience and practical skills.

“Education is a powerful catalyst for change, and Africa’s young population stands to benefit from unprecedented accessibility to technology in this day and age. Through our partnership with AltSchool Africa and the establishment of the Bybit Academy, we are committed to providing opportunities that foster growth, innovation, and resilience. Together, we can cultivate a brighter future for our communities and future-proof Africa’s talent for the digital future,” said Helen Liu, COO of Bybit.

By investing in education, Bybit is sending a powerful message: the future of Africa lies in the hands of its youth. By ensuring that young Africans have access to quality education and opportunities, we can collectively build a prosperous and innovative continent.

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#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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