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BSquared Network Announces Integration of Portal to Accelerate DeFi on Bitcoin

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11 months ago

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Providing tools to developers for building a wide range of next-gen dApps on Bitcoin, the BSquared Network-Portal integration will drive the growth of tokens and applications developed on the Bitcoin blockchain.

SAN FRANCISCO, Feb. 28, 2024 /PRNewswire-PRWeb/ — B² Network, the first Bitcoin rollup based on zero-knowledge proof verification, today announced a new integration with Portal, the first trust-minimized, Layer 2 cross-chain swaps that involve no bridges, custody or wrapping. The partnership will enable B² Network’s native token and other BRC-20s and Bitcoin-based tokens from the B² ecosystem to be available in the Portal DEX Network and with other Portal ecosystem partners that integrate the Portal Swap SDK.

“Our vision is to establish a realm where Bitcoin isn’t just a digital asset, but a dynamic platform on which various financial services, tools and platforms can be built,” said pseudonymous “JJ,” partner at B². “With our ecosystem tokens seamlessly available on the Portal DEX Network and partner marketplaces, we are one step closer to realizing our dream.”

Zero-knowledge proofs (ZKPs) are cryptographic protocols that allow one party to prove the veracity of a piece of information to another party without revealing any data from that particular information piece. ZKPs have become very popular among developers for providing enhanced privacy and security and improving scalability and interoperability.

Fresh off last month’s fund raise from HashKey Capital, OKX Ventures, IDG Capital, KuCoin Ventures, Waterdrip Capital, ABCDE Labs and others, B² Network built the first ZKP verification commitment rollup on Bitcoin. Its Layer 2 solution enhances transaction speed and supports a diverse range of applications without sacrificing security. The network’s vision is to accelerate innovation on the Bitcoin platform through the development of applications, such as DeFi, NFTs and other decentralized systems. B² Network is designed for compatibility with the Ethereum Virtual Machine (EVM), a core piece of Ethereum that helps power the blockchain and smart contracts, so it can work seamlessly with the plethora of EVM-compatible chains. This lowers the barrier of entry to developers who are looking to build applications using the B² solution.

With this new integration, the Portal DEX Network will now support B² Network’s native token after TGE (Token Generation Event) as well as other BRC-20s and Bitcoin-based tokens that are part of its ecosystem. Simultaneously, the B² ecosystem will have access to Bitcoin, Ethereum, Arbitrum, Base and other major Layer 2 ecosystems through Portal Swap SDK. This allows B²’s community members to make cross-chain swaps of assets with a single click without using bridges or paying exorbitant transaction fees.

“We’re excited to have B² Network being able to leverage Portal’s atomic swaps technology to provide enhanced liquidity to their assets,” said Chandra Duggirala, co-founder and CEO of Portal. “Portal and B² Network are united by a common aim of providing tools to developers so they can build next-gen dApps on Bitcoin. This integration will go a long way towards increasing the visibility of B² and attracting more developers to use their technology, enabling a wide range of applications on the Bitcoin platform. It will also further drive the growth of tokens and applications developed on the Bitcoin blockchain, but without risking user funds or introducing custodial risk.”

Portal partners utilizing the Portal Swap SDK, such as wallets, bridges and other protocols, will also have access to the B² Network of ecosystem-based tokens. Through this vast network, those users will be able to buy or sell B² tokens with BTC or tokens on other chains, natively and safely, through a single-click transaction. This integration will also encourage more users to participate in the preview version of B² Buzz, which allows users to mine B² Network native tokens by bridging assets across chains and receiving yields along with other ecosystem rewards.

About Portal
PortalDeFi.com, established by seasoned Bitcoin and AI engineers, is committed to promoting financial self-sovereignty. The Portal DEX Network utilizes atomic swaps technology to be the first-and-only noncustodial cross-chain liquidity solution for safe, one-click trades of native BTC and Bitcoin-based tokens against native tokens on other EVM chains. Built on Bitcoin, it rivals the efficiency of centralized exchanges while removing the risks of bridges, wrappers, and CEXs. A pioneer and an advocate for free and unfettered markets, Portal was founded in 2019 in the San Francisco Bay Area. Portal is backed by Coinbase Ventures, Arrington Capital, OKX Ventures, Gate.io and many other prominent fintech/crypto investors. For more information, visit https://portaldefi.com.

About B² Network
B² Network is the first Bitcoin rollup based on zero-knowledge proof verification. This Layer 2 solution enhances transaction speeds and broadens application diversity, all without compromising security. Currently, the B² testnet is being upgraded from the alpha testnet (Mystica) to the beta testnet (Haven). For more information, visit https://bsquared.network.

Media Contact

Michael Tebo, Gabriel Marketing Group, 571-835-8775, michaelt@gabrielmarketing.com

View original content to download multimedia:https://www.prweb.com/releases/bsquared-network-announces-integration-of-portal-to-accelerate-defi-on-bitcoin-302073731.html

SOURCE BSquared Network

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TriNetX’s Founding CEO Announces Plans to Step Down

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18 minutes ago

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January 9, 2025

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After 11 Years, Gadi Lachman to Conclude Operating Role, Remain on TriNetX’s Board

CAMBRIDGE, Mass., Jan. 9, 2025 /PRNewswire/ — TriNetX, the largest global source of real-world data, today announced that Gadi Lachman, the Company’s Founder, President and CEO, will step down from his operating role on March 31, 2025. Gadi founded TriNetX in 2014 and has served as President and CEO in the succeeding 11 years. Gadi will continue to serve on TriNetX’s Board of Directors and will be an Advisor to Carlyle, TriNetX’s majority investor.

“It has been an honor to build TriNetX and be part of such an outstanding team. I want to thank TriNetX’s employees, customers, and shareholders for the support they have shown me. With the talent and passion of our people I am immensely confident in TriNetX’s continued success,” said Lachman. “Together, we have built the largest global platform for clinical research, with data from over 25 countries and tens of millions of queries a month. Our solutions are moving clinical research to a whole different level and saving lives on a massive scale, across all therapeutic areas.”

During the transition period, Jeff Margolis, a current TriNetX Director, will serve as Executive Chairman to ensure continuity in leadership and governance while a CEO search is conducted.

Margolis said, “I have had the distinct privilege of serving on the Board alongside Gadi and partnering with him for 11 years. On behalf of the Board, we thank Gadi for shaping and leading TriNetX to become the world’s top ecosystem of real-world data and real-world evidence serving life sciences and the broader healthcare industry. I look forward to working with him and the rest of the Board over the next months to execute a successful transition of leadership.”

Joe Bress, Partner and Global Co-Head of Healthcare for Carlyle, TriNetX’s lead investor, added, “We have been thrilled to partner with Gadi since our initial investment in TriNetX over four years ago. Thanks to his disciplined leadership, TriNetX is one of the few companies that has sustained profitability even during periods of high growth. Gadi has built the company up to an exciting point, paving the way for a new leader to take the business into its next chapter of growth and success.”

Through this leadership transition, TriNetX remains steadfast in its mission to advance global healthcare through the power of real-world data. The Board, leadership team, and employees are united in their commitment to driving continued innovation and delivering success for customers and partners, all while building on Gadi’s exceptional legacy.

About TriNetX, LLC

TriNetX is a global network of healthcare organizations and life sciences companies dedicated to advancing real-world research and expediting the development of new therapies. Through its self-service, HIPAA-, GDPR-, and LGPD-compliant platform of federated deidentified and anonymous electronic health record datasets and consulting partnerships, TriNetX empowers its global community to improve clinical trial protocol design, streamline trial operations, refine safety signals, and enrich real-world evidence generation. For more information, please visit TriNetX at www.trinetx.com or follow TriNetX on LinkedIn.

Media Contact
TriNetX
Michelle Fleming, Chief Marketing Officer
Email: Michelle.Fleming@TriNetX.com

Logo – https://mma.prnewswire.com/media/542641/TriNetX_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/trinetxs-founding-ceo-announces-plans-to-step-down-302347367.html

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Stellus Private Credit BDC Announces $0.36 First Quarter 2025 Regular Dividend, Payable Monthly in Increments of $0.12 in January, February, and March 2025

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18 minutes ago

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January 9, 2025

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HOUSTON, Jan. 9, 2025 /PRNewswire/ — Stellus Private Credit BDC (“the Company”) announced that its Board of Trustees has declared a monthly dividend of $0.12 for each of January, February, and March, totaling $0.36 per share in the aggregate for the first quarter of 2025. The regular dividend of $0.36 per share will be paid to shareholders of record in January, February, and March 2025.

Summary of First Quarter 2025 Regular Monthly Dividends

Declared

Record Date

Payment Date

Amount per Share

1/9/2025

1/10/2025

1/31/2025

$0.12

1/9/2025

2/3/2025

2/28/2025

$0.12

1/9/2025

3/3/2025

3/31/2025

$0.12

About Stellus Private Credit BDC

The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien (including unitranche) loans, second lien loans and unsecured debt financing, with corresponding equity co-investments. The Company’s investment activities are managed by its investment adviser, Stellus Private BDC Advisor, LLC.

Forward-Looking Statements

Statements included herein may contain “forward-looking statements” which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release, including statements about COVID-19 and its impacts, may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Contacts
Stellus Private Credit BDC
W. Todd Huskinson, Chief Financial Officer
(713) 292-5414
thuskinson@stelluscapital.com

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SOURCE Stellus Private Credit BDC

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MongoDB, Inc. to Present at the 27th Annual Needham Growth Conference

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18 minutes ago

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January 9, 2025

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NEW YORK, Jan. 9, 2025 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced that Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present virtually at the 27th Annual Needham Growth Conference.

The MongoDB presentation is scheduled for Thursday, January 16, 2025, at 3:45 p.m. Eastern Time. A live webcast of the presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mongodb.com/news-events/events. A replay of the webcast will also be available for a limited time.

About MongoDB
Headquartered in New York, MongoDB’s mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, MongoDB’s developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today’s wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com

Media Relations
MongoDB PR
press@mongodb.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/mongodb-inc-to-present-at-the-27th-annual-needham-growth-conference-302347475.html

SOURCE MongoDB, Inc.

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