Blockchain Press Releases
Galtronics Expands into European Market with Growing Demand for its Patented Multibeam Antennas
TEMPE, Ariz., July 25, 2023 /PRNewswire/ — Galtronics, the company that combines technology innovation with customer driven collaboration to solve the world’s most complex wireless connectivity challenges, announced it has expanded into the European market with multiple deals with in-region wireless carriers and systems integrators for its patented multibeam antennas in advance of a jam-packed concert and event season.
Large events require technologies capable of handling high capacity and high data throughput in dense customer environments. Galtronics’ patented multibeam antennas are unique in their ability to handle large scale scenarios in a cost-effective manner for wireless carriers.
Galtronics’ multibeam technology overcomes the legacy beam squint issues which have been a persistent problem preventing widespread adoption of other multibeam antenna solutions. As wireless carriers and systems integrators across Europe prepared their networks in advance of highly anticipated summer events, they chose Galtronics multibeam antennas. The Galtronics multibeam portfolio offers comparable performance to lens type technology at a more economical price point. Additionally, Galtronics multibeam antennas provide beam stability across frequency bands to ensure a better end user experience.
Intended for stadium, venue, and special event applications, Galtronics’ multibeam antennas, with patent pending UL/DL frequency beam stabilizing technology, were installed:
- Throughout Lisbon, in advance of the Pope’s upcoming visit to Portugal for World Youth Day, August 2 – 6, where 400,000 are expected to gather.
- At Phoenix Park in Dublin, in advance of the Bord Bia Bloom festival, June 1-5, one of Ireland’s largest events with 120,000 attendees.
- At Slane Castle, just north of Dublin, in advance of the Harry Styles concert on June 10 to support the additional wireless traffic generated from the 80,000 concert goers in attendance.
- By an Italian wireless carrier to provide enhanced capacity, coverage, and throughput to the large crowds at various concerts in Rome and Milan.
Several customers have since ordered additional multibeam antennas from Galtronics after realizing their value and benefits during their initial deployments.
“Based on the performance of our multibeam antennas across the US and Canada, we’ve seen strong demand from European wireless carriers and systems integrators who are embracing our technology,” said Whit Martin, Galtronics Wireless Infrastructure VP. “Our innovative and cost-effective multibeam antennas are a unique technology, which has opened doors into the densely populated European market. We look forward to providing our patented technologies and market leading products to many new customers.”
About Galtronics
Galtronics, a wholly owned subsidiary of Baylin Technologies, designs and manufactures the most complex wireless antennas for the world’s leading service providers and wireless device OEMs. The company combines customer collaboration with technology innovation to fundamentally advance the mobility ecosystem with engineering-based solutions for its customers to deliver critical, quality connections. For more information, please visit www.galtronics.com.
View original content:https://www.prnewswire.co.uk/news-releases/galtronics-expands-into-european-market-with-growing-demand-for-its-patented-multibeam-antennas-301885020.html
Blockchain Press Releases
Venom and KuCoin Ventures forge strategic partnership
ABU DHABI, UAE, May 10, 2024 /PRNewswire/ — Venom, an innovative layer-0 and layer-1 blockchain network capable of hosting projects at massive scale, has continued to expand its offerings, this time forming a strategic partnership with KuCoin Ventures, the investment arm of KuCoin, a leading global crypto exchange.
The partnership follows on the heels of Venom’s launch into mainnet and the listing of the VENOM token on KuCoin.
One of the most anticipated new blockchain projects, the Venom network, has continued to make inroads across the blockchain industry following its launch into mainnet earlier this year. Venom has drawn attention due to its unique capabilities as both a layer-0 and layer-1 blockchain. The network is powered by Mesh technology, which allows it to communicate seamlessly and at great speed with other, independent networks.
Built to be capable of hosting massive platforms and projects, specifically global payment systems and CBDCs, Venom has emerged as one of the most promising new networks, with capabilities that could revolutionize what is possible in global commerce.
Now, the network has put itself in a prime position to further expand and integrate with other blockchain projects by reaching an agreement with KuCoin, one of the industry’s largest exchanges. KuCoin is one of the top-ten cryptocurrency exchanges with a daily trading volume of well over $500 million.
The new partnership would involve Venom receiving investment support for its VENOM token, while also providing enhanced visibility for projects integrated with the Venom blockchain on KuCoin. KuCoin Ventures will also provide support and resources during and after Venom projects on-boarding process.
Reached for comment on the new partnership, Venom Foundation CEO Christopher Louis Tsu had this to say: “This new partnership with KuCoin Ventures, the investment arm of KuCoin exchange, which is one of the industry’s largest and most important exchanges, marks a new chapter for the Venom network. This will open a lot of new doors for Venom and set the stage for collaborative work that will redefine this industry and allow Venom to reach its full potential. We are all very eager to see this come to fruition and what lies ahead for both us and KuCoin Ventures.”
About Venom:
Venom is a cutting-edge layer-0 and layer-1 network, seamlessly communicating and integrating with other independent networks through its innovative Mesh technology. The Venom ecosystem is anchored by a masterchain, which manages the overall network state and consensus, while workchains — an unlimited number of autonomous chains — host user accounts, smart contracts, and decentralized applications. Mesh technology revolutionizes inter-chain communication, optimizing interactions without compromising speed or unparalleled scalability. With a robust technology stack that ensures rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is the ideal network for hosting CBDCs and other large-scale platforms. Learn more at https://venom.foundation/
About KuCoin:
Launched in September 2017, KuCoin is a leading global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 800 digital assets and currently provides Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 30 million users in more than 200 countries and regions. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder’s 2023 Global Cryptocurrency Trading Platform Awards.
Learn more at https://www.kucoin.com.
Contact for Venom foundation:
Email: [email protected]
Photo – https://mma.prnewswire.com/media/2409905/Venom_Foundation.jpg
View original content:https://www.prnewswire.co.uk/news-releases/venom-and-kucoin-ventures-forge-strategic-partnership-302142400.html
Blockchain
Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years
A new bill introduced in the U.S. House of Representatives, known as the Blockchain Integrity Act, seeks to address concerns surrounding the use of cryptocurrency mixers and tumblers. The proposed legislation aims to regulate these privacy-enhancing tools, which are often used to obscure the origins of cryptocurrency transactions.
The bill, if passed into law, would impose strict regulations on the operation of cryptocurrency mixers and tumblers within the United States. These tools, which allow users to mix their funds with those of other users to obfuscate the transaction trail, have raised concerns among law enforcement agencies and regulators due to their potential use in money laundering, terrorist financing, and other illicit activities.
Under the Blockchain Integrity Act, operators of cryptocurrency mixers and tumblers would be required to register with the Financial Crimes Enforcement Network (FinCEN) and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. Failure to register or comply with these requirements could result in significant penalties, including fines and imprisonment.
The proposed legislation also seeks to empower law enforcement agencies to investigate and prosecute individuals and entities that operate unregistered cryptocurrency mixers and tumblers. By enhancing regulatory oversight and enforcement capabilities, the bill aims to safeguard the integrity of the blockchain ecosystem and prevent the illicit use of cryptocurrencies.
However, critics argue that the Blockchain Integrity Act could stifle innovation in the cryptocurrency space and infringe on individuals’ privacy rights. They contend that while cryptocurrency mixers and tumblers can be used for illicit purposes, they also serve legitimate privacy-enhancing functions, such as protecting users’ financial privacy and security.
The introduction of the Blockchain Integrity Act reflects growing concerns among policymakers about the potential risks associated with cryptocurrencies and their use in illicit activities. As lawmakers continue to grapple with these issues, it remains to be seen how the regulatory landscape for cryptocurrencies will evolve in the United States and around the world.
Source: cointelegraph.com
The post Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years appeared first on HIPTHER Alerts.
Blockchain
Government-owned KfW elaborates on blockchain digital bond plans
The government-owned KfW Bank, based in Germany, is delving further into its plans to issue digital bonds leveraging blockchain technology. This move underscores the institution’s commitment to exploring innovative financial solutions in the digital age.
The proposed digital bond issuance is poised to mark a significant milestone for KfW, as it seeks to embrace the transformative potential of blockchain technology. By tokenizing bonds on a blockchain platform, KfW aims to streamline the issuance process, enhance transparency, and optimize operational efficiency.
One of the key advantages of digital bonds lies in their potential to reduce the reliance on intermediaries and streamline the entire bond lifecycle. Through blockchain-based tokenization, KfW aims to automate various aspects of bond management, including interest payments and maturity settlements, thereby reducing the need for manual intervention and minimizing operational costs.
Moreover, digital bonds have the potential to enhance liquidity in the secondary market, allowing investors to trade bonds seamlessly on digital asset exchanges. This increased liquidity could attract a broader range of investors, thereby diversifying KfW’s investor base and potentially lowering borrowing costs.
In addition to the issuance of digital bonds, KfW is also exploring the integration of blockchain technology into other areas of its operations. By leveraging blockchain for various use cases, such as trade finance and supply chain management, KfW aims to unlock new efficiencies and drive greater transparency across its ecosystem.
Overall, KfW’s foray into blockchain-based digital bonds underscores its commitment to innovation and its recognition of the transformative potential of blockchain technology. As the institution continues to explore and implement blockchain solutions, it is poised to stay at the forefront of digital innovation in the financial sector.
Source: ledgerinsights.com
The post Government-owned KfW elaborates on blockchain digital bond plans appeared first on HIPTHER Alerts.
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