Blockchain Press Releases
U.S. Anticipates Largest Adoption of Concealed Weapon Detection Systems in North America
PALM BEACH, Fla., Aug. 15, 2023 /PRNewswire/ — FinancialNewsMedia.com News Commentary – Concealed weapon detection systems are implemented in various places in order to identify if any individual is carrying any weapon with themselves. The implementation becomes important when any region has seen a boost in crimes, infrastructure or population. Concealed weapon detection system demand accounted for 8% share of the global security screening market in 2022. Security screening and concealed weapon detection solutions allow the detection of hidden threats and contraband without any physical interaction between security personnel and the public. Rising terrorism threats necessitate the tightening of security at public places. As such, there has been a rise in demand for concealed weapon detection systems. A report from Future market Insights projected that the global concealed weapon detection systems market size is expected to grow from US$ 706.7 Mn in 2023 to US$ 2,281.2 Mn by 2033. Demand for concealed weapon detection systems is anticipated to rise at a CAGR of 12.4% from 2023 to 2033. The report said: “Effective security screening & weapon detection at high footfall places such as courthouses, airports, museums, and prisons demand the use of high-efficiency sensing technologies. This demand for efficient security screening and weapon detection is driving companies to develop and integrate high-speed sensors into their security screening solutions. Technology developers are offering concealed weapon detection solutions integrated with three-dimensional holographic millimeter-wave imaging capabilities. Integration of technologies such as deep learning, high-definition videography, and sensing equipment will boost demand for concealed weapon detection devices over the forecast period.” Active Companies active today in markets include: VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) (CSE: VSBY), NVIDIA CORPORATION (NASDAQ: NVDA), Intel Corporation (NASDAQ: INTC), Apple® Inc. (NASDAQ: AAPL), Micron Technology, Inc. (NASDAQ: MU).
Future market Insights continued: “Public concerns, such as school shootings, rioting and local rebellions, are likely to motivate end-users operating in public infrastructures like banks, shopping malls and educational institutes, to procure concealed weapon detection technologies. This will enable market players to enhance revenue generation, which will consequently boost the growth of the global concealed weapon detection market during the forecast period. The USA market anticipates the largest adoption of concealed weapon detection systems in North America and is estimated to rise at a CAGR of 10.1% during the forecast period (2033).”
VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) (CSE: VSBY) BREAKING NEWS: VSBLTY’S AI-DRIVEN WEAPONS DETECTION SOFTWARE IS FASTER & MORE RELIABLE WITH INTEL’S GPU FLEX 170 – VSBLTY Groupe Technologies Corp. (Frankfurt: 5VS) (“VSBLTY”), a leading software provider of AI-driven security and retail analytics technology, today announced that it has changed its Vector™ Weapons Recognition product from CPU-only to Intel® CPU + Intel GPU compute power of the Intel Data Center GPU Flex 170. The result is a significant improvement in weapons detection by significantly reducing false positives.
VSBLTY’s AI-driven software Vector provides early threat detection using enhanced facial recognition, and the ability to identify weapons, utilizing surveillance cameras to observe a wide area around protected sites.
A GPU (graphics processing unit) is a specialized processor that is particularly well suited for parallel computation, such as 3D graphics and AI algorithms. VSBLTY Vector is using the Intel Data Center GPU Flex 170 to run large complex AI-based computer vision weapons recognition algorithms providing high detection accuracy while simultaneously reducing false positives.
The Vector system can monitor in real time hundreds, even thousands, of cameras simultaneously over a wide area and can detect firearms at a distance. When the system detects a threat via facial recognition, or weapon recognition, it immediately contacts a 24/7 manned security operations center (SOC) where a trained officer does an instant threat assessment and then takes the appropriate actions. If a threat is confirmed, simultaneously both law enforcement and the security personnel at the protected site (e.g., school, hospital, shopping mall, house of worship, etc.) are immediately alerted so threat mitigation procedures can be implemented.
In making the announcement, VSBLTY Co-founder & CEO Jay Hutton said, “The Intel Data Center GPU Flex 170 compute power enables our technology to be proactive and do its job quicker and with more accuracy. This improved accuracy will enable faster threat confirmations to call centers and permit first responders to act on threats in just seconds. I am very proud of our development team that continues to drive our technology to better serve our clients and ultimately to save lives.”
The enhanced technology enables improved VSBLTY weapons recognition for multiple camera streams per GPU and multiple GPUs per system to provide safety and security for much larger areas.
VSBLTY’s AI-driven technology provides enhanced customer engagement and audience measurement using machine learning and computer vision. In real time, this allows for the immediate interpretation and optimization of actions based on “what and who the camera sees.” CONTINUED… Read the full Press Release for VSBLTY Groupe Technologies at: https://www.financialnewsmedia.com/news-vsby/
In other active tech companies in the markets this week:
NVIDIA CORPORATION (NASDAQ: NVDA) recently announced a major release of its NVIDIA Omniverse™ platform, offering new foundation applications and services for developers and industrial enterprises to optimize and enhance their 3D pipelines with the OpenUSD framework and generative AI.
The update to Omniverse, an OpenUSD-native software platform for connecting, describing and simulating across 3D tools and applications, accelerates the creation of virtual worlds and advanced workflows for industrial digitalization. Cesium, Convai, Move AI, SideFX Houdini and Wonder Dynamics are now connected to Omniverse via OpenUSD.
Key highlights from the platform update include advancements to Omniverse Kit — the engine for developing native OpenUSD applications and extensions — as well as to the NVIDIA Omniverse Audio2Face™ foundation app and spatial-computing capabilities.
Intel Corporation (NASDAQ: INTC) recently announced a strategic collaboration agreement with Ericsson to utilize Intel’s 18A process and manufacturing technology for Ericsson’s future next-generation optimized 5G infrastructure.
As part of the agreement, Intel will manufacture custom 5G SoCs (system-on-chip) for Ericsson to create highly differentiated leadership products for future 5G infrastructure. Additionally, the companies will expand their collaboration to optimize 4th Gen Intel® Xeon® Scalable processors with Intel® vRAN Boost for Ericsson’s Cloud RAN (radio access network) solutions to help communications service providers increase network capacity and energy efficiency while gaining greater flexibility and scalability.
Apple® Inc. (NASDAQ: AAPL) recently announced financial results for its fiscal 2023 third quarter ended July 1, 2023. The Company posted quarterly revenue of $81.8 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.26, up 5 percent year over year.
“We are happy to report that we had an all-time revenue record in Services during the June quarter, driven by over 1 billion paid subscriptions, and we saw continued strength in emerging markets thanks to robust sales of iPhone,” said Tim Cook, Apple’s CEO. “From education to the environment, we are continuing to advance our values, while championing innovation that enriches the lives of our customers and leaves the world better than we found it.”
“Our June quarter year-over-year business performance improved from the March quarter, and our installed base of active devices reached an all-time high in every geographic segment,” said Luca Maestri, Apple’s CFO. “During the quarter, we generated very strong operating cash flow of $26 billion, returned over $24 billion to our shareholders, and continued to invest in our long-term growth plans.”
Apple’s board of directors has declared a cash dividend of $0.24 per share of the Company’s common stock. The dividend is payable on August 17, 2023 to shareholders of record as of the close of business on August 14, 2023.
Micron Technology, Inc. (NASDAQ: MU), recently announced sample availability of the Micron CZ120 memory expansion modules to customers and partners. The Micron CZ120 modules come in 128GB and 256GB capacities in the E3.S 2T form factor, which uses PCIe® Gen5 x8 interface. Additionally, the CZ120 modules are capable of running up to 36GB/s memory read/write bandwidth and augment standard server systems when incremental memory capacity and bandwidth is required. The CZ120 modules use Compute Express Link™ (CXL™) standards and fully support the CXL 2.0 Type 3 standard. By leveraging a unique dual-channel memory architecture and Micron’s high-volume production DRAM process, the Micron CZ120 delivers higher module capacity and increased bandwidth. Workloads that benefit from more memory capacity include AI training and inference models, SaaS applications, in-memory databases, high-performance computing and general-purpose compute workloads that run on a hypervisor on premise or in the cloud.
“Micron is advancing the adoption of CXL memory with this CZ120 sampling milestone to key customers,” commented Siva Makineni, vice president of the Micron Advanced Memory Systems Group. “We have been developing and testing our CZ120 memory expansion modules utilizing both Intel and AMD platforms capable of supporting the CXL standard. Our product innovation coupled with our collaborative efforts with the CXL ecosystem will enable faster acceptance of this new standard, as we work collectively to meet the ever-growing demands of data centers and their memory-intensive workloads.”
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated forty six hundred dollars for news coverage of current press release issued by VSBLTY Groupe Technologies Corp. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
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Blockchain Press Releases
Flipster Launches Season 1 of Spark Rewards: Boost trades & USDT balance for more rewards
WARSAW, Poland, Sept. 12, 2024 /PRNewswire/ — Flipster, a fast-growing crypto derivatives trading platform, is excited to announce the launch of Season 1 of its Spark Rewards Program. During the month-long program, users can earn loyalty points called Sparks through their trading activities, with multipliers on Sparks earned based on their USDT balance, culminating in a grand mystery prize reveal after the season ends.
The More Sparks, The Greater the Reward
Season 1 of the Spark Rewards Program is designed to reward Flipster’s most active and loyal users. Both new and existing users who have completed the identity verification process are automatically enrolled into the program, where they can start earning Sparks.
Users can earn Spark points automatically through their trading activities, with a multiplier applied on Sparks earned based on their average hourly USDT wallet balance. The more Sparks accumulated, the larger their share of the mystery prize pool, which will be announced after the end of Season 1.
A Mystery Prize Pool Awaits
Season 1 introduces an added layer of excitement with a mystery prize pool, where users with the highest Spark accumulation will have the opportunity to claim the largest prizes. While the specifics of the prize pool remain under wraps until the end of the season, it will be designed to reward the loyalty of Flipster’s users. Stay tuned for the reveal in October 2024.
How to Earn Sparks
Spark Rewards Season 1 runs from 12 September 2024 at 05:00 UTC to 12 October 2024 at 23:59 UTC. Throughout this period, traders can maximize their Sparks by actively trading and boosting their USDT wallet balances to rise up the leaderboard:
- Increase trading activity: Users earn 1 Spark for every 10,000 USDT trading volume.
- Boost Sparks with multipliers: Traders can multiply their Sparks by maintaining a higher USDT wallet balance:
-
- ≥ 1,000 USDT: 1.5x Sparks
- ≥ 10,000 USDT: 2x Sparks
- ≥ 50,000 USDT: 3x Sparks
- ≥ 100,000 USDT: 4x Sparks
- Calculation of Sparks: Every 10,000 USDT value traded * Multiplier
For example, a trader with a total trading volume of 100,000 USDT and a USDT balance of 50,000 would earn 30 Sparks (10 Sparks multiplied by a 3x multiplier).
For more information, please refer to the Spark Rewards Program page and Terms & Conditions.
About Flipster
Flipster is one of the fastest-growing crypto derivatives trading platforms, offering lightning-fast perpetual futures listings on the latest cryptocurrencies. The easy-to-use platform provides users with an all-in-one trading experience with leverage of up to 100x on over 250 tokens with high liquidity and zero trading fees. For media enquiries or interview requests with the team, please reach out to [email protected].
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Blockchain Press Releases
Zilliqa launches Jasper Proto-Testnet for Zilliqa 2.0, the blockchain built for mass adoption
SINGAPORE, Sept. 12, 2024 /PRNewswire/ — Zilliqa, the established layer-1 blockchain platform that pioneered sharding technology, is excited to announce the launch of the Jasper proto-testnet for Zilliqa 2.0, the first release on its roadmap for its new, upgraded network designed to drive mass adoption of Web3.
This significant milestone sees the first Zilliqa 2.0 proto-testnet become available to the public, marking a crucial first step in the rollout of its new network, which promises to deliver an efficient and scalable blockchain designed to make Web3 as easy to use as the internet. The release of Jasper is the first step on the roadmap for Zilliqa 2.0, each of which will see the network expanded with further functionality according to the protocol’s whitepaper.
The Jasper proto-testnet introduces Zilliqa 2.0’s new Proof-of-Stake consensus mechanism, which delivers lightning-fast transactions at low cost, all while remaining energy efficient and capable of scaling to the needs of businesses and developers globally. This early version of the Zilliqa 2.0 network allows developers and validators to explore the new network’s enhanced capabilities and experiment with running a validator node and earning rewards for helping to secure the network.
The proto-testnet offers other foundational features such as EVM (Ethereum Virtual Machine) compatibility and support for Scilla smart contracts, and the network will continue to undergo active development as work progresses on Zilliqa 2.0. The Zilliqa tech team will work closely with developers and validators to discuss their feedback and mitigate the impact of any bugs or downtime they encounter when testing this early, proto-testnet version of the Zilliqa 2.0 network.
Future milestones include the release of the Zilliqa 2.0 mainnet and the progressive introduction of features such as x-shards and smart accounts, which will deliver unprecedented customisation and accessibility.
A core feature of Zilliqa 2.0’s design is to be able to adapt to the scaling and security needs of the applications running on it, allowing businesses and developers to build on a platform that works for them while being seamlessly integrated with the global Web3 ecosystem and audience. Zilliqa 2.0’s simplicity and powerful customisation positions it as the ideal white-label solution for businesses looking to leverage the benefits of Web3.
Whether a company or developer wants to launch their own digital assets, build decentralised applications (dApps), or create new digital experiences, Zilliqa 2.0 will provide the infrastructure to do so efficiently and at scale.
Commenting on the release of the Jasper proto-testnet for Zilliqa 2.0, Zilliqa Head of Research Zoltan Fazekas said:
“This launch marks a significant step forward in realising our vision for Zilliqa 2.0. The Jasper proto-testnet is not just a test environment – it’s the beginning of a new era in blockchain technology, where speed, efficiency, and user-friendliness converge. We invite developers and businesses to join us in exploring the possibilities of this groundbreaking network.”
With the launch of Jasper, Zilliqa is calling on potential new validators worldwide to onboard and test the network as pioneers of Zilliqa 2.0. This is an opportunity to play a key role in the future of the network and earn sustainable rewards by contributing to its security and resilience. Developers and potential validators are encouraged to read the docs for Zilliqa 2.0 to get started with the Jasper proto-testnet.
About Zilliqa
Zilliqa is the industry-recognised layer-1 blockchain founded in Singapore in 2018. The blockchain serves as a versatile foundation that facilitates a broad array of Web3 applications and services across a multitude of sectors including luxury and entertainment, providing a robust platform for emerging startups and established enterprises alike.
The next evolution of the network, Zilliqa 2.0 offers a user-centric and customisable layer 1 infrastructure designed to drive the mass adoption of Web3. Currently rolling out testnet with the mainnet launch in Q4’2024.
For more information, visit roadmap.zilliqa.com.
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Blockchain Press Releases
HTX Ventures and HTX DAO Lead Web3 Investments and Innovation Discussions at Korea Blockchain Week 2024
SINGAPORE, Sept. 11, 2024 /PRNewswire/ — HTX Ventures and HTX DAO showed strong engagement during the Korea Blockchain Week 2024 (1-7 September) .Through exclusive side events and engaging panel discussions, HTX Ventures and HTX DAO demonstrated their thought leadership in blockchain investments and AI innovation, connecting with influential partners and driving forward the industry’s most critical conversations.
As a leader in the Web3 space, HTX Ventures seized the opportunity to showcase its pioneering investment strategies, showing strong interests in prominent sectors like BTCFi, SocialFi, and decentralized AI. At the VIP private dinner hosted by HTX DAO on 3 September, an elite audience of trading firms, institutional clients, and key partners facilitated networking and potential future collaborations. Similarly, HTX Ventures’ private dinner on 5 September garnered strong interest from new and existing partners, reaffirming their influence in shaping the venture capital landscape in Web3.
Other events include “Entertainment Reimagined” Web3 entertainment side event with Fellaz and TRON on 4 Sept, Ecosystem Global Meet-up on 5 Sept, AI Crypto Summit, a Web3 conference on AI and blockchain, on 5 Sept, and several after parties.
Insights on Promising Sectors
Representing HTX Ventures, Managing Partner Edward delivered his insights on the evolving landscape of Web3 investments during several panel discussions.
On 4 September, during the “Navigating Investment in Web3, Tech, Narrative, or Fomo?” panel hosted by DFG, Edward highlighted key investment trends, noting the success of the meme sector, BTCFi innovations, and promising areas such as SocialFi, AI, and DePIN.
“The meme sector has performed remarkably well in this cycle. Attracting funds through memes and subsequently launching utility-driven products is one of the strategic paths that ecosystem developers and project teams are pursuing this cycle.” Edward said, “BTCFi, based on the BTC ecosystem this year, is also one of HTX Ventures’ key areas of interest. As an innovation track in 2024, the BTC ecosystem is witnessing various innovations, and we anticipate even more developments in this field. SocialFi projects, AI, and DePIN are also sectors that we are closely monitoring.”
Speaking from a broader market perspective, Edward particularly mentioned BTC and ETH ETFs. “The entry of BTC and ETH into the ETF era is poised to significantly alter the dynamics of the cryptocurrency market, bringing in more investors and capital while also potentially introducing greater regulation and market manipulation.”
How HTX Ventures Helps Portfolio Companies
At the MKGA Summit, Edward expanded on HTX Ventures’ strategies for supporting its portfolio companies. HTX Ventures provides a full service for its portfolio companies, including: fundraising support, world-class mentorship, listing opportunities, strategic networking, and global market entry.
One example is BounceBit, a portfolio company that has benefited from HTX Ventures’ extensive resources. “We connected BounceBit with projects across our portfolio, extended their global outreach, and provided in-depth research reports and marketing support, including Twitter space collaborations and events,” Edward explained. “We believe in supporting innovative projects like BounceBit for the long run.”
There are certain things that HTX Ventures looks into when investing in a company, and one of the most important things is the product. Edward said, “HTX Ventures now focuses more on the product and the team itself. Through financial and resource support, HTX Ventures aims to help teams develop genuinely innovative products that serve a large number of crypto users, which is our long-term investment goal.”
Embracing AI in a Decentralized Manner
HTX Ventures is also at the forefront of integrating AI with blockchain technology. On 5 September, Zhao Lei represented HTX Ventures at the AI Crypto Summit’s panel discussion on “The Rise of Autonomous Agents in DeFi & CeFi”. She underscored the transformative potential of decentralized AI, which leverages blockchain for transparent decision-making and enhanced security.
“Our investment arm and exchange have supported several high-potential projects involving decentralized AI from early on. One example is Fetch.ai. Their platform runs AI agents that can conduct transactions and other economic activities,” she said.
Conclusion
The active participation in the plentiful activities showcased HTX Ventures’ and HTX DAO’s commitment to keep building the industry, as well as the great emphasis they put on the Korea and Asia markets.
As the global investment arm of HTX, HTX Ventures is actively seeking high-potential investment opportunities around the globe including key areas like Korea, offering investment and ecosystem support to help innovative startups in the region grow. By staying ahead of market trends and actively supporting innovative projects in key sectors, HTX Ventures is solidifying its position as a driving force in the global blockchain and AI landscape. With the side events, HTX Ventures built a stronger connection with the industry professionals and the local community, opening a new way for more collaboration opportunities.
About HTX Ventures
HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With more than a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.
HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active FOF (Fund of Funds) funds, HTX Ventures invests in 30 top global funds and collaborates with leading blockchain funds such as Polychain, Dragonfly, Bankless, Gitcoin, Figment, Nomad, Animoca, and Hack VC to jointly build a blockchain ecosystem. Visit us here.
Feel free to contact us for investment and collaboration at [email protected]
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