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AWS Announces Cloud Innovation Center at the University of British Columbia

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Today, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), announced the launch of a Cloud Innovation Centre (CIC) at The University of British Columbia (UBC) in Vancouver.  Part of an ongoing relationship between AWS and UBC, the CIC will provide students, staff, and faculty access to cloud technology to advance projects, along with training on how to employ Amazon’s innovation processes. The CIC is the first of its kind in Canada.

The CIC will focus on issues of health and wellbeing and is officially called the UBC Community Health and Wellbeing CIC, powered by AWS. It will support student teams tackling real-world issues and challenges, where application of novel and emerging technology or computing approaches are essential. The CIC will change the way UBC teams use cloud technology, drive innovation, and improve agility and cost. Located on the university’s Vancouver campus and slated to officially open in early 2020, teams working on projects will also have in-person support from a Vancouver-based AWS team of cloud computing and data experts.

“The UBC Community Health and Wellbeing CIC will give student teams, supported by staff and faculty, the opportunity to use leading cloud technology from AWS to unlock results for challenge projects faster and generate new insights for our community,” said Simon Bates, Associate Provost, Teaching and Learning at UBC. “The team-based, hands-on approach –coupled with industry expertise — will significantly advance our efforts to support authentic, digital learning experiences for students as well as opportunities for our teams to work with the world’s leading cloud services from AWS.”

“We’re seeing cloud adoption across every segment in Canada, from nonprofits to education and all levels of government,” said Teresa Carlson, Vice President of Worldwide Public Sector at AWS. “The CIC at UBC further accelerates the digital transformation of the Canadian public sector by providing teams access to next-generation cloud technology from AWS that can be used to solve real-world challenges. Our expertise and experience with machine learning, high-performance computing, and data analytics will directly help the UBC community in delivering innovative projects.”

Using Amazon’s innovation methodology, dedicated UBC and AWS CIC staff will work with students, staff, and faculty, as well as community, government or not-for-profit organizations to define challenges. The team will engage with subject matter experts, identify potential solutions to the challenges, and to build Proof of Concepts (PoCs).  All of the innovation challenge outputs, including the PoCs, will be published as open source for other community members to access and use.

“For the remainder of the year, we will be working with the UBC community, as well as partners in healthcare, nonprofit organizations and government to queue up a selection of challenges to begin working on. During this time, we will also be securing the location for the CIC on campus, hiring, and fleshing out the operations model supported by colleagues in IT and Teaching and Learning,” said Bates.

“UBC is a world-recognized leader in research and learning, and this new cloud innovation center will undoubtedly unlock new ways to solve problems that will make a difference to people and businesses,” said Bruce Ralston, Minister of Jobs, Trade and Technology for British Columbia. “Cloud computing skills are essential to the workforce, and students at UBC will soon be able to get hands-on training and experience to help support B.C.’s growing tech sector.”

“Our government’s recent announcement of Canada’s Digital Charter recognized the importance of partnerships between industry and academia to address digital and data transformation and ensure that Canada continues to be competitive on the global stage,” said Navdeep BainsCanada’s Minister of Innovation, Science and Economic Development. “Giving our researchers access to the best tools and methodologies will spur innovation, leading to the creation of better outcomes for Canadian communities. Developing and applying methods to use the wealth of data now available to advance society through research and learning is needed now, more than ever.”

This CIC in Canada joins seven other cloud computing research initiatives funded by AWS worldwide, including California Polytechnic University Digital Transformation HubArizona State University Smart City CICMunichUniversity of Applied Sciences (MUAS) Digital Transformation LabCODE University of Applied Sciences Better Future LabSciences Po Public Innovation LabBusan City CIC, and the recently launched Swinburne Data for Social Good CIC.

 

SOURCE Amazon Web Services (AWS)

Blockchain

Riot Blockchain Announces September 30, 2019 Quarterly Results

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Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot” or the “Company”) announced the filing of its September 30, 2019 Quarterly Report on Form 10-Q, which can be viewed on the Company’s website or at SEC.gov.

Riot today announced financial results for its period ended September 30, 2019. The Company posted quarterly revenue of $1.7 million and raised a total of $23.6 million through its at-the-market offering (“ATM”) during the nine months ending September 30, 2019.

Q3 Highlights:

  • Generated approximately $1.7 million in revenue on the production of 157.2 bitcoin, and 400.2 litecoin for the quarter. This compares to Q3/18 revenues of $2.3 million on the production of 319.3 bitcoin, and 1,182.2 litecoin. The industry faced continuing increases in the bitcoin difficulty index, increasing 61% during the latest quarter, which negatively affected BTC production and reported revenues.
  • The average price of bitcoin for the latest quarter was $10,382, compared to $8,297 in Q2/19 and $6,856 in Q3/18.
  • Cash and digital currencies as of September 30, 2019 totaled approximately $18.3 million.
  • The Company received gross proceeds from the sale of shares of its common stock under its ATM of approximately $23.6 million at a weighted average sales price of $3.10 per share during the nine months ended September 30, 2019.
  • The Company’s financial position improved across the three and nine months ended September 30, 2019, with the Company reporting working capital of $16.5 million at September 30, 2019 as compared to a working capital deficit of $(4.3) million at December 31, 2018. Total stockholders’ equity also improved to $28.2 million at period end, an increase of $23.7 million over the December 31, 2018 balance.
  • Gross margin percent, computed as mining revenues in excess of cost of revenues (exclusive of depreciation and amortization), improved to 14% from 13% in the three-month periods ended September 30, 2019 and 2018, respectively. Gross margin percent was 18% and 35% in the nine-month periods ended September 30, 2019 and 2018, respectively.
  • Reduction in the Company’s selling, general, and administrative expenses (“SG&A Expenses”) to $1,762,000 in Q3/19, from $5,970,000 in Q3/18, a 70.5% decrease arising from ongoing expense reductions. SG&A Expenses reduced to $7,140,000 from $16,314,000 in the nine-month periods ended September 30, 2019 and 2018, respectively.
  • Net loss in the three-month periods ended September 30, 2019 and 2018, respectively, totaled approximately $(1.8) million and $(6.2) million, or $(0.08) and $(0.46) /share. Net loss in the nine-month periods ended September 30, 2019 and 2018, respectively, totaled approximately $(16.6) million and $(46.6) million, or $(0.93) and $(3.56) /share.

Recent business update and highlights:

Riot has conducted two in-person meetings with its newly established Advisory Board over the past ninety days to begin and advance a dialog covering the Company’s bitcoin mining operations, efficiencies and possible strategic next steps.  Riot previously announced establishment of an Advisory Board comprised of well-recognized creative leaders with a wealth of operational and strategic experience from across the blockchain space including: bitcoin software development, node projects, bitcoin education, start-up advisory, and venture capital/angel investing. The Advisory Board has been established to assist the Company in its strategic mission and enhance shareholder value through the advisors’ industry-leading insights and vast network of innovators and pacesetters.

The previously disclosed Securities and Exchange Commission investigation associated with the subpoena received by the Company in April 2018 is still ongoing, and the Company has been cooperating with the SEC in that investigation.

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Blockchain

Galaxy Digital Serves as Co-Manager of Silvergate’s Initial Public Offering

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Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt: 7LX) (“Galaxy Digital” or the “Company”) today announced that Galaxy Digital Advisors LLC served as co-manager of Silvergate Capital Corporation’s initial public offering of 3,333,333 shares of its Class A common stock at a public offering price of $12.00 per share.  Silvergate’s common stock trades under the trading symbol “SI” on the New York Stock Exchange.

“Galaxy Digital Advisors is pleased to have served as co-manager of Silvergate’s initial public offering,” said Ian Taylor, Head of Advisory Services at Galaxy Digital.  “We are committed to building long-term relationships with leading companies in the digital asset and blockchain industry and leveraging  our expertise to complete additional offerings for an array of firms going forward.”

 

SOURCE Galaxy Digital Holdings Ltd

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Blockchain

eToroX Adds Dash, USDC, USDT and 5 New Stablecoins

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eToroX, the blockchain subsidiary of global investment platform eToro, has added five new fiat stablecoins, a new cryptoasset, two further established stablecoins and a crypto-commodity pair, signalling its rapid growth, having only launched only six months ago. There are now 26 tradable assets available on the exchange.

The new assets announced today are:

  • Turkish Lira (TRYX), Polish Zloty (PLNX), South African Rand (ZARX), Hong Kong Dollar (HKDX), and Singapore Dollar (SGDX)
  • Peer-to-peer cryptoasset, Dash
  • Circle’s USDC and Tether’s USDT stablecoins
  • GOLDX/BTC pairing

eToroX is committed to supporting the needs of algo traders seeking to diversify into cryptoassets on a secure and regulated platform. These new additions also demonstrate eToroX’s focus on Asian markets.

Doron Rosenblum, Managing Director of eToroX commented, “We see the addition of USDC and USDT as a way for eToroX to further meet the needs of professional and institutional algo traders, particularly in the Asian markets. Adding five new stablecoins, plus the addition of the Dash cryptoasset, demonstrates our ongoing commitment to bridge the gap between the world of blockchain and traditional financial markets.”

GoldX – the tokenized gold stablecoin – is now available as a base currency for a trading as a pair with Bitcoin (GOLDX/BTC). Increasingly, bitcoin is being compared with gold as a store of value. Gold is viewed as a safe haven asset, and bitcoin is increasingly being referred to as ‘digital gold’.

Rosenblum continued: “Our Gold/Bitcoin pair provides a means to trade between the old and the new stores of value, making Gold/BTC an extremely special and interesting combination.

With today’s new additions, eToroX has added a total of 96 trading pairs since its inception in April this year, and currently offers seventeen eToroX stablecoins in addition to USDC and USDT.

The pairs include: USDEX/ZARX, ZARX/JPYX, EURX/PLNX, USDEX/PLNXUSDEX/HKDXUSDEX/TRYXUSDEX/SGDXETH-USDTXRP-USDTLTC-USDTBCH-USDTXLM-USDTEOS-USDTTRX-USDTBTC-USDCETH-USDCXRP-USDCLTC-USDCBCH-USDCXLM-USDCEOS-USDC, and TRX-USDC.

As eToroX continues to open up the world of trading on the blockchain, more trading pairs will be announced. eToroX will also be adding additional cryptoassets and stablecoins to the exchange in the coming months.

 

SOURCE eToro

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