Blockchain
Canada Computational Unlimited (SATO) Participates in the Bitcoin Council Survey and Data Review
Toronto, Ontario–(Newsfile Corp. – October 20, 2021) – Canada Computational Unlimited Inc. (TSXV: SATO) (the “Company”, “CCU.ai” or “SATO”) is pleased to announce that as part of its commitment toward renewable energy and sustainability, it has taken part in the Bitcoin Mining Council’s (“BMC”) Q3 Data Review. SATO is one of 29 participants in the survey representing 33% of the entire Bitcoin Mining Network and currently uses 100% renewable energy for all its mining operations.
The Bitcoin Mining Council, formed by Michael Saylor from MicroStrategy, is a voluntary and open forum of miners committed to the network and its core principles. BMC promotes transparency, shares best practices, and educates the public on the benefits of Bitcoin and Bitcoin mining.
The Company’s CEO, Romain Nouzareth, represented SATO at the BMC discussion series which covered progress on sustainable Bitcoin Mining as well as insight into the future vision and usage of the lighting network.
Romain Nouzareth, CEO and Chairman of CCU.ai, commented, “Bitcoin blockchain technology applications are vastly evolving, as are the worldwide mining operations that support the infrastructure that make it possible. BMC provides the network with the opportunity to ensure that we are on the right trajectory toward sustainability. I am encouraged by the data we have compiled, and that we are part of an industry that is so environmentally conscious. As per the presentation, the Bitcoin network only uses 0.12% of the world’s energy production and we have one of the highest usage of sustainable mixed energy of any industry. I believe we are on the right track and look forward to seeing this industry thrive.”
For the full BMC presentation please follow the link:
If you cannot view the video above, please visit:
https://www.youtube.com/watch?v=JPai5uoN2tg
On Behalf of the Company,
Romain Nouzareth,
CCU.ai CEO and Chairman
About CCU.ai – SATO
CCU.ai operates a state-of-the-art, carbon-neutral bitcoin mining center with a contract of 20 MW of stable, eco-friendly energy. The company’s high-density calculation centers are built for high-grade cryptocurrency mining, AI data processing, and fintech infrastructure.
Founded in 2017, CCU.ai is led by technology entrepreneurs, electricity and ventilation experts, network specialists, and Canadian industrialists. Since its inception, the company has pursued a vision of environmental stewardship throughout the mining process. The excess supply of renewable energy in the province of Québec has made this endeavor feasible and a great base for growth.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information and data contained in this release are for informational purposes only and are not an offer or solicitation to buy or sell any securities.
For additional information, please contact:
Caroline Klukowski,
Tel: 604.260.5490
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100341
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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