Blockchain Press Releases
Leading by example with world class digital infrastructure hub
4 way Memorandum of Understanding signed to explore developing Digital infrastructure hub including international submarine cable project, data centers, fiber infrastructure, cloud and Internet
DUBAI, UAE, July 25, 2023 /PRNewswire/ — Integrated Telecom Co. Ltd. (“Salam”) a fully licensed Fixed, Mobile, Data and Voice services provider that owns telecommunications infrastructure across the Kingdom of Saudi Arabia (“KSA”) has teamed up with Khazzan Information Technology Co. (“EDGNEX Data Centres by Damac “) that designs, builds and operates data centers across the Kingdom, along with Cinturion Corp Ltd., a global provider of integrated submarine and terrestrial capacity-based network solutions and Emaar, The Economic City (EEC)– the master developer of King Abdullah Economic City (KAEC) – to sign a strategic Memorandum of Understanding (MOU) agreement in the area of Telecom & Digital Infrastructure whilst contributing to the Saudi 2030 Telecommunication Transformation Vision lead by Ministry of Communication and Information Technology (“MCIT”).
The Parties have identified a common interest in Exploring the opportunity to develop digital infrastructure hub that will include initiatives such as an international submarine cable project, data centers, fiber infrastructure, cloud, and Internet, among others and building of a seamless and innovative digital experience in KAEC that aims to become an intelligent national city contributing to the transformation program and accelerating digital economy and quality of life programs under the #Vision 2030.
“As a recognized Telecom & ICT Service provider, SALAM is delighted to participate with distinguished parties in this strategic initiative that goes in-line with the Saudi National Digital Economy Strategy and SALAM’s transformation plans. Creating an Integrated Digital Hub enables multi-services to all targeted customers national and globally from one place, said Ahmed Al-Anqari, Chief Executive Officer, SALAM”
“We are not just building world-class data centres we are aiming to create and innovate hyper-connected digital hubs with highly secure facilities and connectivity to give customers direct and reliable access to the Kingdom of Saudi Arabia’s digital economy. We are supporting Saudi Vision 2030 and this is another great milestone for our business in the KSA,” said Aqil Jaffer Ali– Senior Vice President at DAMAC Group.
“Our partnership with Salam, EDGNEX Data Centers, and Cinturion is another step towards making KAEC one of the world’s leading digital hubs. This collaboration will greatly contribute to our city’s reputation as a vision ready platform, making KAEC an ideal destination for the latest and greatest up-to-date digital infrastructure technology. It reinforces our commitment to continuing the city’s growth in its role as an ultramodern ecosystem that has all the ingredients of a national economic enabler,” said Cyril Piaia, CEO of KAEC.
“We are excited to team up with Salam, EDGNEX Data Centers and KAEC, to explore establishing an Open-Access carrier neutral cable landing station in KSA. Their trust in Cinturion’s management team and our international network reinforces our dedication to provide their customers with greater connectivity and global reach,” said Greg Varisco, Chief Executive Officer, Cinturion.
Background on Parties:
Salam is a Saudi leading telecommunications company based in Saudi Arabia offering next-generation ICT solutions for broadband, National and International Connectivity, Data Center Services, cloud computing, managed services, cybersecurity services, satellite services and Internet services to government, businesses, wholesale (Carriers & Service Providers) and consumer sectors. Salam provides market-leading enterprise and wholesale ICT solutions, as well as fixed and mobile services for Saudi Arabia’s new digital generation. Salam was named the fastest growing and most innovative Saudi telco brand in 2022, driven by its commitment to play an active role in the Kingdom’s digital transformation journey.
EDGNEX Data Centres by Damac is formerly DAMAC Data Centres, is building data centres in Dammam and Riyadh, the Kingdom of Saudi Arabia (KSA). These data centres will deliver a combined IT capacity of 55 megawatts by 2025. The investment in the Kingdom of circa USD $600 million is part of USD$1 billion data centre development strategy. In March 2023, EDGNEX Data Centres by Damac signed a long-term agreement with the King Hussein Business Park to develop a data centre in Amman, Jordan continuing our commitment to the growth of the digital economy in the Middle East.
KAEC King Abdullah Economic City (KAEC) is centrally located on the Red Sea coast of Saudi Arabia. Located a short distance north of Jeddah, KAEC is a 185 square kilometer city anchored by King Abdullah Port—recently named by the World Bank as the most efficient port in the world—and KAEC Industrial Valley, which is focused on logistics and light manufacturing. Over 100 multinational and Saudi companies have already made their home in KAEC, engaging in diverse activities ranging from advanced logistics to automotive, pharmaceuticals, FMCG, packaging, and building materials manufacturing. KAEC is directly connected to the Haramain high speed railway network and the Saudi National Highways grid, making the city a key node along the Red Sea economic corridor.
KAEC also offers a modern leisure and tourism district which includes over 40km of pristine coastline, several hotels and the award-winning Royal Greens international tournament golf course. In 2021, the city welcomed over 1 million visitors, and has developed a range of lifestyle residential communities for its growing population of full-time residents and second home owners.
With its strategic location, advanced infrastructure and investor-friendly regulation, KAEC is a ready-made platform for Saudi Arabia’s Vision 2030 initiatives. The city serves as a testbed for new government initiatives, has been host of pioneering national events, and is a preferred site for large-scale, strategic projects across many key sectors. A prime example of the country’s commitment to private-public partnership, KAEC is actively contributing to national objectives embodied in Vision 2030, from attracting foreign direct investment to developing the tourism sector, promoting sports, entertainment and the arts, creating new jobs, and growing non-oil exports through companies operating in its Industrial Valley.
KAEC welcomes third party investors, real estate developers and operators to realize their projects and ambitions in the city and accelerate its development. Emaar, The Economic City (EEC) is the master developer of the city and acts as the master planner, primary infrastructure developer, enabler and facilitator of KAEC. EEC is a Tadawul-listed public joint stock Saudi company established in 2006 and is 25% owned by the Public Investment Fund (PIF).
Cinturion is a global provider of integrated submarine and terrestrial capacity-based network solutions have designed and developed a cable system that will be a bridge between East and West with the KSA sitting at its nexus. With its key management having a long history of involvement in the development and implementation of submarine telecommunications cable systems worldwide, is focused on the development of new fiber-optic networks utilizing the latest submarine cable systems coupled with the latest terrestrial technology for greenfield or underserved markets. The strength of Cinturion comes from its diverse and experienced members’ profiles that includes senior management, technical, financial, project management, systems engineering and sales, representing all the core elements required for successfully implementing major international systems.
Photo – https://mma.prnewswire.com/media/2161035/EDGNEX.jpg
View original content:https://www.prnewswire.co.uk/news-releases/leading-by-example-with-world-class-digital-infrastructure-hub-301885004.html
Welcome to Blocks & Headlines, your comprehensive daily briefing on the transformative world of blockchain. Today, we explore groundbreaking partnerships, economic innovations, and blockchain-powered initiatives redefining the future.
Sony Ventures Into Blockchain With New Identity Solutions
Sony has unveiled its latest blockchain-based digital identity solution designed to enhance privacy and security in the online space. This innovative system uses decentralized technology to manage digital credentials, making identity verification seamless and secure.
Sony’s venture reflects a broader trend among tech giants exploring blockchain’s potential to reshape data privacy and authentication systems.
Source: Sony Press Release
TRON’s Daily Revenue Skyrockets 119% in 2024
TRON has reported a staggering 119% increase in daily revenue, a testament to its innovative blockchain economic models. By leveraging smart contracts and a scalable infrastructure, TRON continues to attract developers and businesses seeking cost-efficient blockchain solutions.
This growth positions TRON as a leading player in the competitive blockchain ecosystem, setting benchmarks for others to follow.
Source: Bitcoin.com
MIGMIG Partners With XT.com to Bring Blockchain Rewards
MIGMIG, a blockchain gaming and rewards platform, has partnered with XT.com to expand its reach and user engagement. This collaboration aims to deliver unique blockchain-powered rewards while enhancing the gaming experience for users worldwide.
The partnership highlights the increasing intersection of blockchain technology and entertainment, opening new avenues for user interaction.
Source: Bitcoinist
Nano Labs Supports the Inaugural Presidential Crypto Ball
Nano Labs has announced a partnership with the Inaugural Presidential Crypto Ball, emphasizing its commitment to fostering blockchain awareness. This high-profile event aims to bridge the gap between blockchain innovators and policymakers, paving the way for broader adoption.
The initiative underscores the importance of collaboration between the blockchain community and governmental bodies to shape the future of digital assets.
Source: PR Newswire
Bybit Card Partners With EnTravel for Luxury Travel Perks
Bybit has teamed up with EnTravel to offer its cardholders exclusive discounts on luxury travel experiences. This partnership integrates blockchain-powered payment solutions with high-end travel services, providing users with unparalleled convenience and value.
The move exemplifies how blockchain technology can enhance traditional industries, offering innovative solutions tailored to modern consumer needs.
Source: PR Newswire
Key Insights and Industry Trends
- Decentralized Identity: Sony’s blockchain-based solution addresses growing concerns over online security and privacy.
- Economic Innovations: TRON’s revenue surge highlights the profitability of scalable blockchain networks.
- Gaming and Blockchain: Partnerships like MIGMIG and XT.com showcase the potential of blockchain in entertainment.
- Policy and Collaboration: Nano Labs’ involvement in the Crypto Ball underscores the importance of industry-government dialogue.
- Luxury Integration: Bybit and EnTravel demonstrate blockchain’s ability to enhance traditional services.
The post Blocks & Headlines: Today in Blockchain ( appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (Vault Zero, Ethereum, DAMAC, Mantra, Cardano, FC Barcelona, ArmSwap)
Welcome to Blocks & Headlines, your comprehensive daily digest of the latest trends, innovations, and developments in blockchain technology. Today’s stories explore transformative partnerships, regulatory debates, and breakthroughs in decentralized finance and blockchain integration.
Vault Zero: Pioneering AI and Blockchain Synergy
Vault Zero is revolutionizing the tech landscape by integrating AI capabilities with blockchain innovation. The project focuses on creating decentralized ecosystems that leverage AI for enhanced decision-making, security, and scalability. This initiative addresses a growing demand for AI-driven blockchain solutions in sectors such as finance, healthcare, and supply chain management.
The announcement underscores the potential of combining AI and blockchain to address real-world challenges. By enabling data immutability and intelligent automation, Vault Zero is setting a new standard for tech convergence.
Source: Bitcoinist
Vitalik Buterin Warns Against Blockchain Censorship
Ethereum co-founder Vitalik Buterin has issued a cautionary note about the potential risks of blockchain censorship. Speaking on recent developments in transaction filtering, Buterin warned that regulatory pressures could lead to compromised decentralization. He emphasized the importance of community vigilance to ensure that blockchain networks remain open and resistant to manipulation.
This serves as a wake-up call for developers and users alike, highlighting the need to strike a balance between compliance and the foundational principles of decentralization.
Source: U.Today
Dubai’s DAMAC Enters $1 Billion Blockchain Partnership
Real estate developer DAMAC Properties has inked a $1 billion deal with blockchain platform Mantra. The partnership aims to tokenize real estate assets, allowing for greater transparency and liquidity in property investments. This marks a significant milestone in bridging traditional real estate markets with blockchain technology.
By leveraging blockchain for tokenization, DAMAC is enabling fractional ownership, thus broadening access to high-value properties. This initiative could pave the way for similar integrations in global real estate markets.
Source: Reuters
Cardano Teams Up with FC Barcelona
Cardano has partnered with FC Barcelona to empower fans through blockchain technology. The collaboration focuses on creating digital collectibles and fan engagement platforms. By leveraging Cardano’s blockchain infrastructure, the initiative aims to enhance fan experiences while maintaining sustainability and scalability.
This partnership reflects the growing intersection between sports and blockchain, where fan-centric solutions can drive adoption and innovation.
Source: Bitcoin.com
ArmSwap Launches Its DeFi Platform
Decentralized finance (DeFi) continues to thrive with the launch of ArmSwap’s new platform. ArmSwap offers advanced features like yield farming, liquidity pooling, and cross-chain compatibility. Designed to attract both retail and institutional investors, the platform emphasizes security and user-friendly interfaces.
ArmSwap’s entry into the DeFi space highlights the sector’s dynamism and the ongoing efforts to make decentralized finance accessible to a broader audience.
Source: PR Newswire
Industry Insights and Emerging Trends
The blockchain landscape continues to evolve, characterized by groundbreaking innovations and collaborations. Key trends include:
- AI-Blockchain Convergence: Projects like Vault Zero exemplify the synergy between artificial intelligence and blockchain.
- Decentralization Challenges: Vitalik Buterin’s warning highlights the need to safeguard against blockchain censorship.
- Tokenization in Real Estate: DAMAC’s partnership with Mantra showcases the transformative potential of asset tokenization.
- Blockchain in Sports: Cardano’s collaboration with FC Barcelona underscores blockchain’s growing role in fan engagement.
- DeFi Expansion: Platforms like ArmSwap are setting new benchmarks for decentralized finance.
The post Blocks & Headlines: Today in Blockchain (Vault Zero, Ethereum, DAMAC, Mantra, Cardano, FC Barcelona, ArmSwap) appeared first on News, Events, Advertising Options.
SINGAPORE, Jan. 14, 2025 /PRNewswire/ — JuCoin (jucoin.com), a prominent centralized cryptocurrency exchange established in 2013, quickly rose to become the largest digital asset exchange in East Asia within just two years. With its eyes set on reclaiming market dominance by 2025, JuCoin is embarking on a series of strategic initiatives, including assembling new teams and expanding its ecosystem into areas such as blockchain development, innovative technologies, and hosting industry summits.
To address evolving market demands, JuCoin is intensifying its global efforts, broadening its reach to emerging cryptocurrency markets and user groups. JuCoin aims to reinforce its pivotal role in the cryptocurrency space by enhancing its ecosystem and adapting to new market trends.
JuCoin’s Ecosystem Innovations
At the core of JuCoin’s ecosystem is JuChain, an independent and permissionless public blockchain poised for launch. JuChain allows developers to build decentralized applications (dApps) and issue assets, including fungible tokens (FTs) and non-fungible tokens (NFTs). With interoperability across other Layer 1 (L1) chains, JuChain facilitates multi-currency transfers through oracles and cross-chain bridges, making asset interoperability seamless.
JuChain is designed to integrate deeply with JuCoin’s trading platform, bridging decentralized and centralized financial systems. This integration will drive advancements in decentralized finance (DeFi) and PayFi, positioning JuCoin as a pioneer in the convergence of traditional and decentralized financial technologies.
Complementing JuChain is JuOne, the world’s first Web3 AI-powered cryptocurrency smartphone. JuOne combines top Web3 features, AI-driven intelligence, and a 5G IoT network. By seamlessly integrating with JuChain, JuOne aims to enhance asset security and execution efficiency, offering users a faster, more reliable experience in managing digital assets.
JuCoin Labs: Driving Innovation
JuCoin Labs serves as the innovation hub of the JuCoin ecosystem, focusing on blockchain research and supporting emerging Web3 projects. Through global resources, strategic partnerships, and connections to investors and advisors, JuCoin Labs empowers entrepreneurs to build robust Web3 companies.
A $100 million Web3 venture capital fund, with an initial allocation of $10 million, is now open for applications. This fund targets projects in blockchain infrastructure, Layer 2 solutions, DeFi, Web3, NFTs, and Metaverse. Entrepreneurs can apply and learn more at JuCoin Labs.
Industry Summits and Community Engagement
As part of its expansion strategy, JuCoin is organizing industry-leading summits to bring together blockchain innovators, cryptocurrency enthusiasts, and industry leaders. These events aim to foster collaboration and explore the future of the cryptocurrency industry.
To strengthen its user base, JuCoin is rolling out a global partnership program to work with regional and international partners, promoting blockchain development and creating a more inclusive cryptocurrency environment. By prioritizing user feedback, JuCoin ensures its platform evolves in alignment with community needs.
Looking Ahead: JuCoin’s 2025 Vision
JuCoin’s growth strategy revolves around enhancing the user experience, strengthening security and compliance, and accelerating globalization. By 2025, JuCoin cryptocurrency exchange plans to introduce innovative features such as:
- The Token Generation Event (TGE) of its platform token, JUCoin.
- Advanced social features to enhance community interactions.
- The launch of JuChain and new CeDeFi functionalities.
- Cutting edge Social-Fi dApp for Web3 community, JuChat.
- A Launchpad initiative to support new blockchain projects.
These efforts, coupled with user rewards, referral programs, and offline events, aim to build a more engaged and participatory community. JuCoin is committed to standing out in a competitive market by offering a comprehensive ecosystem that extends beyond traditional trading.
About JuCoin
JuCoin is a leading centralized cryptocurrency exchange (CEX) known for its innovation and user-friendly platform. Today, JuCoin is evolving into a robust digital ecosystem that integrates blockchain development, cutting-edge mobile technology, and a vibrant global community, redefining the future of cryptocurrency.
For more information, visit jucoin.com and follow JuCoin on social media:
Twitter: https://x.com/Jucoinex
Telegram: https://t.me/jucoinex
Photo – https://mma.prnewswire.com/media/2597506/JuCoin_s_Ecosystem.jpg
View original content:https://www.prnewswire.co.uk/news-releases/revolutionizing-crypto-how-jucoin-plans-to-reclaim-its-market-throne-302350493.html
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