SeafoodChain, Powered by UNISOT, Opens the Seafood Industry to Transparency Like Never Before 36144

The seafood industry is one of the fastest growing industries in the global food industry. Today’s consumers are becoming more conscious and regulators are becoming more demanding. This requires more accurate, instant and comprehensive information regarding food products and their history.

SeafoodChain provides solutions for the Seafood and Aquaculture industries to record and display insights into the complete supply chain by using Smart Digital Twins and Product DNA. The Global Traceability, Proof-of-Quality and Product Provenance functions provide enhanced transparency and visibility, enabling supply chain partners as well as end customers to make choices based on verifiable facts regarding product authenticity, quality and sustainability. The technology also makes it easy to comply with legal regulations and reporting.

CEO of UNISOT AS, Stephan Nilsson, has worked for 20 years developing value chain and ERP integration and knows this industry from the inside. He sees a revolution of opportunities with an open blockchain solution. The solution – developed by a team of software engineers and industry experts – is built on the Bitcoin SV (BSV) blockchain, which has the massive scalability, stability, microtransaction capability and low fees necessary to power enterprise solutions. SeafoodChain was one of the major BSV enterprise applications unveiled, and even demonstrated live, at the recent CoinGeek London 2020 conference focused on Bitcoin SV.

About SeafoodChain AS

SeafoodChain AS is a Norwegian technology company located in Oslo, which specializes in the seafood industry.

About UNISOT AS

Unisot AS is a Norwegian technology company located in Oslo, developing an Enterprise Blockchain Platform for applications in Global Supply Chains. The company’s technology is built on an open blockchain solution using Bitcoin SV (BSV), and utilizing IoT sensor technology, big data and machine learning.

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Mechanical Technology Incorporated Announces Closing of Previously Announced GigaWatt Acquisition 7584

Mechanical Technology, Incorporated (“MTI”), a publicly traded company (OTC Pink: MKTY) headquartered in Albany, New York, announced today that EcoChain, Inc. (“EcoChain”), a wholly-owned subsidiary of MTI, has closed its acquisition of the intellectual property of Giga Watt, Inc. (“GigaWatt”) and certain other property and rights of GigaWatt associated with GigaWatt’s operation of a crypto-mining operation located in Washington State.

The acquisition was approved by the United States Bankruptcy Court for the Eastern District of Washington and was consummated by EcoChain on May 20, 2020. As previously announced by MTI, EcoChain purchased the subject GigaWatt assets for cash consideration of $200,000 and will be assuming certain contractual obligations of GigaWatt related to existing leases and utility power supply. EcoChain intends to sell certain acquired equipment that is determined to be excess in nature so as to reduce EcoChain’s overall transaction costs. EcoChain expects that the newly acquired assets will form the cornerstone of EcoChain’s new pilot cryptocurrency mining operation.

About EcoChain
EcoChain, Inc., a wholly-owned subsidiary of MTI, is developing a pilot cryptocurrency mining facility powered by renewable energy to integrate with the bitcoin blockchain network.

About MTI
MTI is engaged in the design, manufacture, and sale of test and measurement instruments and systems through its subsidiary MTI Instruments, Inc. MTI Instrument’s products use a comprehensive array of technologies to solve complex, real world applications in numerous industries including manufacturing, electronics, semiconductor, solar, commercial and military aviation, automotive and data storage.

FinTech arm of WEG Bank Partners with Anquan Capital to Explore Blockchain Applications for Banking and Financial Services 8652

Anquan Capital Pte. Ltd, a Singapore-based group of technology companies has partnered with the FinTech arm of the German WEG Bank AG, which operates under the brand name TEN31. Anquan Capital has launched a number of innovative technology companies including Zilliqa, Anqlave and Aqilliz. TEN31 Bank, which is currently developing into a specialist institute for blockchain-related FinTech companies, will implement joint projects with these companies in the future.

The new partners will announce specific projects over time. However, it is expected, for example, that the legal framework for crypto storage that has been in place since early 2020 will play a role. TEN31 has positioned itself accordingly at an early stage and secured permission under the grandfathering rule of the German banking code.

This collaboration will explore opportunities between Anquan Capital through Anqlave and Zilliqa. Anqlave develops custody and secure data storage solutions for enterprises, while Zilliqa is a high-throughput, high-performance blockchain for next-generation enterprises and applications.

With the new partnership, the strategy of TEN31 Bank continues to consistently focus on strategic partnerships. With this important step, the vision of the founder, Matthias von Hauff, to shape the bank into a full-service provider for FinTech customers has become a reality.

Like all TEN31 partners, Anquan attaches great importance to transparency and compliance. The partnership between the two groups now makes it possible in particular to develop services in the financial sector that require a solid regulatory framework.

Matthias von Hauff, CEO of TEN31 Bank: “With Anquan as a shareholder, we have added yet another ideal partner to our network. Not only do we benefit from their excellent technologies, but we also secure a spearhead in the Asian region in the long term.”

Max Kantelia, CEO of Anquan: “I’ve always said that bringing blockchain into the mainstream requires a concerted, multi-sectoral effort by legacy institutions, emerging tech companies, and regulators. That’s why Ten31’s forward-thinking strategy and its clear role as a regulated bridge between the legacy and blockchain holds enormous appeal for me. Today, we can see blockchain creeping from the fringes of a technology sector that few understand, and into our daily lives. It is a perfect time to collaborate with TEN31 to explore how unlocking the potential of DLT technologies could accelerate digital transformation and revolutionise finance for everybody.”

A further positive signal for the industry is the German Federal Government’s progress in pushing ahead with regulation. Industry experts are eagerly awaiting the next draft bill on crypto custody and further legislative changes in 2020. The recently published decision of the German Bundestag underlines the increasing importance of the necessary regulatory framework.

AXA Ventures Leads $5 Million Investment in Next-generation Cybersecurity Startup Hub Security 11966

Hub Security, a startup that offers military-grade cybersecurity solutions for fintech, cloud, blockchain and data storage, announced today it has closed a $5 million Series A funding round led by AXA Ventures, with participation from Jerusalem-based OurCrowd.

The company said the investment will be used to strengthen Hub Security’s team, expand their technology and offer enhanced products to fintech companies, focusing on enabling access to credit, corporate banking solutions, cross-border payments and providing ultra-secure banking solutions.

Hub Security offers a solution to growing security concerns related to cloud and enterprise organizations that are raising alarm bells across industries struggling to combat rising levels of cyberthreats and attacks. There is consensus among security experts of the need for military-grade security solutions that can address the threat of data theft and exploitation –– especially in the era of COVID-19.

“We believe this round of funding is crucial to helping us continue our mission of providing military-grade level cybersecurity solutions to top cloud, finance, and digital asset management providers,” said Eyal Moshe, Hub Security’s CEO.

“Hub Security’s end-to-end approach to the development and delivery of its hardware and software components ensures the highest level of security throughout the entire product lifecycle –– something that’s critical now more than ever in the era of COVID-19. We don’t take for granted the trust we’ve seen from investors, especially in the current financial climate.”

As a growing number of industries turn to cloud and data storage solutions, there is an increasing demand for cybersecurity solutions that can combat emerging threats.

Hub Security boasts an expanding portfolio of fintech, cloud, and insurance clientele. In February 2020, the company announced its strategic partnership with Seagate® Technology as part of its new LyveTM Labs. The initiative was launched in order to provide methods for safe and secure data management solutions, both on and off the cloud.

“Hub Security’s miniHSM is the first of its kind to offer a pocket-sized HSM solution, which provides an ultra-secure HSM-to-HSM communication layer built uniquely for cloud, banking, healthcare, and government enterprises with scalable, air-tight security that can support any cloud-based or digital asset,” said Eyal Moshe, Hub Security’s CEO.

HUB Security utilizes military-grade cybersecurity tactics for its HSM architecture that is designed for FIPS140-2 Level 4 protection (In advanced stage process) –– the highest protection level available for mobile cryptographic security solutions on the market to date.

HUB Security’s combination of hardware and software solutions include ultra-secure internal signing and authorization flows with a multi-signature vault, hardware firewall and an AI-learning system designed to anticipate unique cyberattacks.

“On our FPGA-based HSM, we have an innovative approach,” CEO Eyal Moshe said. “This is in sharp contrast to HSMs relying on legacy architecture , where you have to connect your source via PCIe — and depend on the operating system to deliver the data to your application. HUB Security approach gives very high bandwidth, as well as low latency.”

“I was actively looking for a ‘software-defined HSM’ platform company in Israel for the past 12 months and I was very pleased when I met Hub Security and learned about their unique offering. We agreed very quickly to partner and invest,” said Moshe Raines, Partner at OurCrowd and Labs/02 managing partner.

Core Scientific introduces The Cloud for Data Scientists at Equinix – Powered by NVIDIA and NetApp 13604

Core Scientific today announced the availability of The Cloud for Data Scientists AI platform-as-a-service solution pilot at an Equinix International Business Exchange™ (IBX®) data center. Built on the verified architecture ONTAP® AI, the solution combines NVIDIA DGX™ systems for accelerated compute and NetApp AFF A800 Cloud connected All Flash Storage. The Cloud for Data Scientists provides accelerated GPU compute tuned to the demands of AI and deep learning.

Core Scientific is a leader in artificial intelligence and blockchain technologies, delivering best-in-class infrastructure and software solutions. In an increasingly distributed and connected world, Core Scientific believes that AI and blockchain are changing the way information is processed, shared and stored across a range of industries.

Announced earlier this year, The Cloud for Data Scientists brings the ease of the public cloud with the myriad of benefits of co-locating at Equinix. “We are thrilled to pilot our AI platform-as-a-service in a software as-a-platform solution,” said Kevin Turner, CEO of Core Scientific. “A significant number of Fortune 500 companies are deployed in Equinix facilities and are in need of high-end AI computing services under the same roof as their data.” This will be achieved via Equinix Cloud Exchange Fabric™ (ECX Fabric™), an on-demand, SDN-enabled interconnection service that allows any business to connect between its own distributed infrastructure and any other company’s distributed infrastructure, including the world’s largest network service and cloud providers, on Platform Equinix®.

“Equinix is well positioned to be the global platform on which AI platform-as-a-service thrives. Working together with Core Scientific, NVIDIA, and NetApp, we are launching a testbed environment for data scientists at the Metro Edge,” said Steve Steinhilber, Vice President, Business Development, Equinix. “By leveraging our connectivity offerings such as ECX Fabric, participants will test their ability to move relevant data from multiple public clouds, private data lakes and from edge devices into a powerful AI solution and satisfy their low cost, low latency and compliance requirements.”

“More than ever, organizations need to find creative ways to reduce capex costs and pay as-they-go for Infrastructure services,” said Santosh Rao, Senior Technical Director, AI & Data Engineering, NetApp. “Colo based consumption models for AI infrastructure enable customers to perform rapid AI model experimentation and fast track from data science POCs to production. NetApp and NVIDIA power this Core Scientific AI platform and Equinix delivers it.”

“Enterprises everywhere want to infuse their business with AI, but many lack the infrastructure to support rapid iteration and development demanded by data science teams,” said Tony Paikeday, Director of DGX Systems, NVIDIA. “The Core Scientific AI platform combined with NVIDIA and NetApp technology, delivered through Equinix, lets businesses quickly access the AI computing power they need, in an affordable opex model with cloud-like simplicity.”

The Core Scientific AI platform-as-a-service solution is not just managed infrastructure but includes a full software stack called Plexus™. “Our software stack gives The Cloud for Data Scientist the same walk-up tooling as they may find in the public cloud,” said Ferreira, CPO. “The ability to combine this solution with the leading-edge computing of NVIDIA DGX systems and Equinix’s customer data lakes is a game changer.”

Fireblocks Surpasses $30 Billion in Digital Asset Transfers, Expands to Meet APAC Demand 14519

Fireblocks (www.fireblocks.com) announced today its platform has been used to secure $30 billion in digital asset transfers to date, surpassing more than $7 billion in monthly transfer volume from its 40+ institutional customers. To drive the next wave of technological innovation in one of the most mature digital asset markets in the world, Fireblocks is bringing its MPC-based technology to the Asia-Pacific region with the opening of two new offices in Singapore and Hong Kong.

The company’s APAC offices will be led by Stephen Richardson, VP of Product Strategy and Amy Zhang, VP of Sales Asia, to provide strategic support to existing customers and onboard new institutions and exchanges onto its patent-pending Secure Transfer Environment.

“With the region’s unique eco-system of trading, payment and exchange activities, there has been a surge in demand for Fireblocks in Asia,” explains Michael Shaulov, CEO and Co-founder of Fireblocks. “In Hong Kong, Amber Group was one of the first adopters of Fireblocks’ MPC-based technology. Because they are one of Asia’s leading liquidity providers, they need maximum security and strict controls to protect customer funds. The only way to deliver that at scale is through our infrastructure.”

In the region, Amber Group, Blitz Group, Singapore-based crypto hedge fund Three Arrows Capital, and more have implemented MPC with Fireblocks to securely expand digital asset services.

“Fireblocks provides a secure and highly advanced solution for our customers by allowing us to securely transfer top assets while also being able to interact with new protocols, which is important for strategic portfolio construction,” said Michael Wu, CEO of Amber Group. “Many operators in Asia are transferring large value settlements and require an advanced MPC framework to keep up with new security demands that HSMs and Multisig solutions fail to address.”

Fireblocks’ defense-in-depth approach to digital asset security combines MPC (Multi-Party Computation) with hardware isolation to protect customers’ private keys, API keys, and deposit addresses from cyberattacks and internal fraud. By leveraging Fireblocks’ Secure Transfer Environment, institutions can securely transfer digital assets between 25+ exchanges, custodians, counterparties, and other wallets while automating governance policies with quorum based approvals.

“Given the engagement of regulators here in Asia around blockchain-related technologies and financial institutions, it will be critical for institutions and exchanges to operate with the highest level of speed, security, and compliance,” said Stephen Richardson, VP of Product Strategy at Fireblocks. “By bringing Fireblocks to one of the most advanced crypto ecosystems, we hope to provide the infrastructure needed for sustainable growth.”

Designed to eliminate the root cause of digital asset security vulnerabilities, Fireblocks ensures that funds are protected from unwanted external or internal interference by creating a safer, more operationally efficient environment for the digital asset industry. Fireblocks continues to provide support for the largest financial operators in the industry such as B2C2, Celsius, Genesis Global Trading, Galaxy Digital, Woorton, Dunamis, GSR, Blockfills, LGO, Nexo and more.

About Fireblocks
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets. Fireblocks enables exchanges, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through patent-pending SGX & MPC technology. They have secured the transfer of over $30 billion in digital assets and have a unique insurance policy that covers assets in storage & in transit. For more information, please visit www.fireblocks.com.

Bitcasino Announces XRP Support, Bringing Fast Transactions and Low Fees to the Game 12878

The world’s first licensed Bitcoin-led casino operator, Bitcasino, now accepts Ripple payments, making XRP the next cryptocurrency to enjoy the casino’s wide range of games. While the cryptocurrency was designed primarily for use in the banking sector, there are many advantages in using it in gaming. Fast transactions, low fees and a hugely scalable network means it is a great match for the fun, fast and fair world of Bitcasino.

Tauri Tiitsaar, Director of Bitcasino, had these words to say about the new support for XRP: “It makes us very proud to say that we now have the three most used cryptocurrencies integrated with Bitcasino. XRP ranks third on the list of top virtual currencies by market cap just behind Bitcoin and Ethereum, and it’s something our players have asked for quite some time now.”

The minimum deposit is 50 XRP and the minimum withdrawal 100 XRP. At current trading prices and with no transaction fees, this puts the minimum deposit at around €9.

XRP is the fifth cryptocurrency introduced to Bitcasino players, following TRON (TRX) that was integrated just last November, Ethereum, Litecoin and the players’ favourite cryptocurrency, Bitcoin.

Last month, Bitcasino introduced the TronLink browser extension allowing casino players to access TRON (TRX) blockchain on their browser to deposit and withdraw funds securely and quickly.

About Bitcasino

Founded in 2014, as part of the Coingaming Group, Bitcasino has an expansive, quality casino product featuring more than 2,000 games, including slots, table games and live dealer casinos from some of the industry’s leading suppliers. These are hosted on its proprietary platform, developed by leading designers and software engineers to create the ultimate user experience for players.

Bitcasino prides itself on its enjoyable and trustworthy casino and gaming service, with withdrawal times of around 1.5 minutes amongst the fastest in the industry and cutting-edge security measures in place.