Blockchain
Tech Trailblazers Award winners announced
Industry experts identify the top tech enterprise startups
London, UK and San Francisco, CA, USA – February 24th 2020 – The Eighth Edition Tech Trailblazers Awards winners were announced today, recognising outstanding early-stage companies across 10 major enterprise technology categories alongside three additional special categories.
For the third year running, the Security category attracted most entries, having first overtaken the Cloud category in 2017. And, for the first time, judges were unable to split two nominees, choosing instead to name joint winners in the Female Tech Trailblazer of the Year category. Geographically, an increasingly clear majority of winners are founded and/or based in the USA.
The complete list of 2019 winners:
- AI: Balbix – www.balbix.com, @balbixinc, USA
- Big Data: Confluent – www.confluent.io, @ConfluentInc, USA
- Blockchain: Gospel Technology – www.gospel.tech, @gospel_tech, UK
- Cloud: Apstra – www.apstra.com, @ApstraInc, USA
- Containers: Portworx – www.portworx.com, @portwx, USA
- IoT: BitBox – www.bitboxusa.com, @bitboxusa, USA
- FinTech: Divido – www.divido.com, @divido, UK
- Mobile: Valyant AI – www.valyant.ai, @ValyantAI, USA
- Security: ShiftLeft – www.shiftleft.io, @ShiftLeftInc, USA
- Storage: LucidLink – www.lucidlink.com, @Lucid_Link, USA
- Firestarter Award: HighByte – www.highbyte.com, @HighByteInc, USA
- Female Tech Trailblazers of the Year: Neena Dasgupta, CEO of Zirca Digital, www.zirca.in, India, @ndasgupta; and Neha Sampat, founder and CEO of Contentstack, www.contentstack.com, USA, @nehasf
- Male Tech Trailblazer of the Year: Cody Cornell, co-founder and CEO, Swimlane, www.swimlane.com, USA, @codycornell
Visit http://bit.ly/TrailblazersWinners8 for more details of the winners and runners-up in each category.
Rose Ross, founder of the Tech Trailblazers Awards, said: “Given the maturity of some categories, it’s fantastic to see that award-winning innovation continues in every category. A highlight is that judges named joint winners in a category for the first time We congratulate all the winners both on their trailblazing and on their efforts to bring these innovations to market.”
The Tech Trailblazers Awards was the first independent awards program dedicated to enterprise information technology startups. Every year since 2012, it has identified the most innovative entrants and concepts in enterprise technology: startups are invited to nominate themselves, with shortlists for each category chosen by the Tech Trailblazers Awards’ panel of leading IT industry experts. Winners are identified by a combination of judging panel opinions and public vote.
The Tech Trailblazers Awards is supported by sponsors and industry partners including AfriLabs, Amoo Venture Capital Advisory, beSUCCESS, bnetTV, BigDataStartups, China AXLR8R, the Cloud Security Alliance, Computing, ExecEvent, GFT, GoMoNews, The Green Grid, GSMA, The Icehouse, Innovation Warehouse, Internet of Things Events, IP EXPO Europe, Launchpad Europe, L’Informaticien, Lissted, MIT/Stanford Venture Lab, The Next Silicon Valley, Outsource, Prezi, The Register, Silicon Cape Initiative, Skolkovo, StarTau, Startup America, Storage Networking Industry Association (SNIA), Tech in Asia, TechNode, TiE Silicon Valley, Wazoku, Ventureburn and VMware.
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Media contact for Tech Trailblazers Awards
Vicki Porter, Omarketing, +44 20 8255 5225, [email protected]
About the Tech Trailblazers Awards
Recognising startup innovation since 2012, Tech Trailblazers is designed explicitly for smaller businesses and startups less than six years old and at C-series funding or below. Early stage startups (2 years or less, without VC funding) are able to apply for a chosen tech category free of charge via the new Firestarter bursary and are automatically submitted for the Firestarter award. In 2016, the Tech Trailblazers Awards introduced the Female and Male Tech Trailblazers of the Year categories to celebrate individual success within senior members of enterprise tech startups.
For more information, visit www.techtrailblazers.com or follow @techtrailblaze.
Source: RealWire
Blockchain
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
Leading up to Friday’s Bitcoin (BTC) halving, investors opted to remain on the sidelines rather than increase their exposure to cryptocurrencies. CoinShares’ latest report on digital asset fund flows reveals that crypto funds experienced $206 million in outflows last week, while trading volumes for Exchange-Traded Products (ETPs) dropped to $18 billion.
James Butterfill, head of research at CoinShares, noted, “These volumes represent a lower percentage of total Bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago.” He attributed this decline in investor appetite to expectations that the Federal Reserve would maintain interest rates at elevated levels for a longer duration.
In terms of regional flows, the United States led the outflows with $244 million exiting incumbent ETFs by the week ending April 19. Butterfill highlighted that newly issued ETFs still received inflows, albeit at lower levels compared to previous weeks. Germany and Sweden saw outflows of $8.3 million and $6.7 million, respectively, while Canada experienced inflows of $29.9 million. Switzerland, Brazil, and Australia also witnessed inflows of $7.8 million, $5.5 million, and $2.2 million, respectively.
Butterfill observed that although Bitcoin saw outflows of $192 million, there were minimal flows into short-Bitcoin positions. Ethereum (ETH) experienced outflows of $34 million for the sixth consecutive week. However, multi-asset funds saw improved sentiment, attracting $8.6 million in inflows. Additionally, Litecoin (LTC) and Chainlink (LINK) received inflows of $3.2 million and $1.7 million, respectively.
The report highlighted that blockchain equities sustained their 11th consecutive week of outflows, totaling $9 million, as investors remained concerned about the halving’s impact on mining companies.
In a separate analysis of the post-halving crypto mining industry, CoinShares analysts suggested that many miners might transition to serving the artificial intelligence (AI) sector, which has become more lucrative. They anticipated a shift towards AI in energy-secure locations, potentially leading to Bitcoin mining operations relocating to stranded energy sites.
The analysts projected a 10% decline in the Bitcoin network’s hash rate after the halving as miners deactivate unprofitable ASICs. However, they expected the hash rate to reach 700 exahash (EH/s) by 2025. As of the current data, the Bitcoin hash rate stands at 596.22 EH/s.
The report also noted that substantial cost increases are anticipated due to the halving, with electricity and production costs nearly doubling. Mitigation strategies include optimizing energy costs, enhancing mining efficiency, and securing favorable hardware procurement terms. Miners are actively managing financial liabilities, with some utilizing excess cash to significantly reduce debt.
Source: kitco.com
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Blockchain
NYSE gauges interest in 24/7 stock trading like crypto
According to reports, the New York Stock Exchange (NYSE) is exploring the possibility of introducing round-the-clock trading, a model akin to that of cryptocurrency markets. In a bid to gauge market sentiment, NYSE’s data analytics team has circulated a survey among market participants. The survey seeks feedback on whether there is support for 24/7 or extended weekday trading hours and, if so, what measures should be implemented to safeguard traders against overnight price fluctuations. As of now, NYSE, alongside Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday, spanning from 9:30 am to 4:00 pm Eastern Time.
In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and major stock index futures are already tradable 24/7. Certain brokerages, such as Robinhood and Interactive Brokers, provide access to U.S. stocks throughout the week via a “dark pool” trading venue, catering to international retail investors during their local trading hours.
However, recent reports indicated that Robinhood suspended its 24-hour trading services amidst heightened tensions between Israel and Iran, prompting concerns among investors regarding the sustainability of continuous trading.
Effectively managing liquidity in a 24/7 trading environment has proven challenging for trading platforms within the cryptocurrency industry.
According to cryptocurrency research firm Kaiko, there’s often a mismatch between the operating hours of traditional financial institutions and the needs of major crypto traders and market makers. Traders frequently find themselves losing sleep during periods of extreme market volatility.
While the results of NYSE’s survey haven’t been revealed, Tom Hearden, a senior trader at Skylands Capital, conducted his own poll among his 19,300 followers, asking if they would support NYSE transitioning to 24/7 trading hours. Interestingly, over 70% of the 1,459 respondents voted “No.”
NYSE’s survey coincides with the efforts of startup firm 24X National Exchange, which is seeking approval from the Securities and Exchange Commission (SEC) to launch the first exchange in the country operating round-the-clock.
The FT said, citing two persons familiar with the subject, that the SEC has “months” to study the proposed rule change, and other relevant issues, such who should shoulder expenses and the function of clearing houses, are already being considered by other stakeholders.
“How loud they will be playing in the middle of the night is unknown to me. However, the decision of whether something is commercially feasible or not actually shouldn’t be made by the SEC, James Angel, a Georgetown University finance professor, told FT.
“I support letting the market make the decision. We’re all better off if it succeeds, and the exchange’s stockholders lose out if it fails.
After the company withdrew an application in March 2023, alleging operational and technological concerns, it is the second attempt to receive SEC clearance.
Source: cointelegraph.com
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