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World Mobile’s Record-Breaking Aerostat Launch Paves the Way for Commercial Usage

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London, United Kingdom–(Newsfile Corp. – December 1, 2022) –  World Mobile has successfully demonstrated mobile network connectivity via a low-altitude aerostat in a record-breaking remote launch. This demonstration kicks off the next phase of their hybrid mobile network expansion, which will see the deployment of aerostat balloons that have the power to digitally connect billions of people.

Figure 1

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The aerostat launch took place in New Hampshire, USA, and was live-streamed over 6,000 miles to the ‘Connecting The World From the Skies’ event, hosted by the ITU (International Telecommunications Union) and the Communications, Space & Technology Commission (CST) of Saudi Arabia. During the demonstration, Kamal Alharbi, the General Director of Operations at the Saudi Space Commission, pressed the dispatch button for the remote launch. Once the aerostat reached optimal altitude, James Tagg from the World Mobile team in the US joined the panel in KSA via a live stream that was powered by World Mobile’s network connection, directly from the aerostat.

According to ITU, around 2.7 billion people remain unconnected to the internet and thus unconnected from digital products and services that could dramatically improve their lives. World Mobile recognizes this humanitarian crisis and is building the world’s first and largest blockchain-based mobile network, utilizing aerial and ground assets.

Deployed roughly 300m into the air and tethered to the ground, World Mobile aerostats are remotely controlled and provide last-mile connectivity using a custom payload. This means mobile customers can directly connect to the aerostat’s payload using their smartphone in the same way they would to a traditional cell tower. The aerostats are able to offer standard cellular connectivity covering a radius of up to 70km.

“It is very exciting for somebody coming from a lighter-than-air background to see that the World Mobile business model enables aerostats to finally be used for commercial use in a way that will genuinely improve people’s lives in a cost-effective way,” says World Mobile’s Head of Aerostat Activities, Gregory Gottlieb.

World Mobile connects the unconnected by creating a profitable ecosystem that allows people to own the hardware and share a network via blockchain-powered AirNodes and EarthNodes. The team aims to succeed in solving a problem that has attracted the attention of tech giants – starting with a commitment to invest $350 million into building telecommunications infrastructure in rural Africa. World Mobile’s solution provides connectivity at a cost at least 12 times lower than traditional mobile network operators. In addition to its use of aerostats, World Mobile is preparing to distribute high-altitude assisted balloons at stratospheric altitudes of up to 20km, providing connectivity at a cost closer to 100 times lower than traditional operators.

World Mobile has deployed around 150 nodes in Zanzibar, providing internet to at least 20,000 people. The community has since been able to start businesses online and access services such as healthcare and education. Following the successful demonstration in New Hampshire, the whole island will soon benefit from blanket coverage when its first aerostat is deployed in the coming months.

About World Mobile

World Mobile is the first mobile network built on blockchain. With over 3 billion people left offline, digital exclusion is a significant problem. Unlike traditional mobile networks, World Mobile works with local businesses and entrepreneurs, giving them the power to connect their local communities via a sharing economy. World Mobile’s hybrid network utilises air and ground assets that enable aerial connectivity, such as aerostats and AirNodes, to deliver network coverage in rural areas where previously it was impossible. To learn more about World Mobile, visit https://worldmobile.io/.

About the Event

Connecting from the skies is the world’s premier conference exploring space, terrestrial, and future integrated connectivity. Many respectable people from the telecommunications industry attended the event, including His Excellency Mohammed Alotaibi, Abdulrahman Alnajdi, and Kamal Alharbi, the General Director of Operation at the Saudi Space Commission, who administered the pressing of the dispatch button for the remote launch.  

Whilst the aerostat was increasing in altitude, panel discussions continued between Ben Glass and George Allen from World Mobile’s partner Altaeros, Charles Barnett, Emmanuel Gratch, and Gregory Gottleib from World Mobile on the technology behind the aerostats, the mission of World Mobile, and the business models used. Once at optimal altitude for the demonstration, James Tagg and Peter Mitton, in New Hampshire, started a live video using the World Mobile Network and successfully demonstrated connectivity from the skies all the way to Riyadh, Saudi Arabia. Once the live video ended, members were reinvited to the stage to land the aerostat remotely, which concluded the demonstration.

Contact Details: 

Mike Blake-Crawford
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/146197

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety

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The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.

The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.

Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.

Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.

Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.

Source: blockchain.news

The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.

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Blockchain

Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

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Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.

The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.

Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.

The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.

In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.

Source: blockchain.news

The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.

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Blockchain

Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development

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The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.

Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.

By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.

Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.

The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.

Source: cryptonews.com

The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.

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