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Canada is connecting more than 150 Northwest Territories households to high-speed Internet and bringing mobile connectivity to remote areas

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7 months ago

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$2.3 million investment from the federal government will bring high-speed Internet to Whatì and mobile coverage to traditional hunting and fishing areas

HAY RIVER, NT, March 1, 2024 /CNW/ – Everyone needs reliable and affordable connectivity, no matter where they live in Canada. That is why the Government of Canada is bringing high-speed Internet access and mobile connectivity to underserved communities across the country.

Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency, together with Michael McLeod, Member of Parliament for Northwest Territories, announced over $1.9 million in federal funding for a Northwestel project that will bring high-speed Internet access to 152 Indigenous households in Whatì. They also announced $480,000 in federal funding for a project by SSi Micro Ltd. to provide cellular access to a repositionable communications shelter, located in hunting and fishing grounds near Fort Providence, that will allow communities to stay connected, no matter where they are on the land.

This funding is provided through the Universal Broadband Fund, a program designed to ensure that Canadians in rural, remote and Indigenous communities have access to reliable Internet and mobile connectivity.

These projects are helping the Government of Canada exceed its commitment to ensure that 98% of Canadians have access to high-speed Internet by 2026, and 100% by 2030. Ensuring access to secure and reliable mobile connectivity for Indigenous communities is also a top priority for the government, particularly in an increasingly digital world. The Government of Canada will continue to make investments in infrastructure to build strong communities and a more competitive and resilient Canada for everyone.

Quotes

“Connectivity is an essential tool to access education and health care and to grow a business. It also improves safety and provides peace of mind. Your government is on track to exceed its historic commitment to connect 98% of Canadians to high-speed Internet by 2026. This investment will bring access to 152 Indigenous households in Whatì and secure important mobile coverage in hunting and fishing grounds near Fort Providence.”
– The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency

“Today’s announcement that we are investing over $2.3 million is a significant milestone in bridging the digital gap. These projects will mean faster and more reliable Internet service for Whatì and increased safety for hunters and fishers near Fort Providence. Connecting Indigenous communities to high-speed Internet and mobile coverage is a top priority. These projects bring us closer to our goal and honour our commitment to ensure that Indigenous communities are not left behind.”
– Michael McLeod, Member of Parliament for Northwest Territories

“Connecting Whatì with fibre-to-the-home Internet is a testament to the power of partnership in the North. We’re grateful for the support from the Tłı̨chǫ Government and the Government of Canada that enabled us to bring 500 Mbps unlimited Internet service to the community. We’re proud to bring the very best technology available in Canada to connect communities across the North.”
– Paul Gillard, Vice President of Business Markets, Northwestel

“The Land Life Link (L3) provides state-of-the-art telecommunications and monitoring systems, with safety equipment and supplies, that are packaged in an autonomous portable shelter for rapid deployment. In consultation with the Chief and Council of the Deh Gáh Got’îê First Nation of Fort Providence, we will be deploying this L3 down the river from the community, providing on-the-land safety for hunters and trappers as well as visitors to the area. Other applications for the L3 rapid deploy include providing critical mobile communications and situational awareness for front-line workers responding to forest fires and natural disasters in areas where coverage never existed or has been knocked out. I am very pleased that this project is being led by my home community of Fort Providence, with the support of the Chief and Council of Deh Gáh Got’îê First Nation. The L3 will improve the safety of residents and tourists. Along with SSi’s design and investments, the investments from the Government of Canada’s Universal Broadband Fund are allowing the benefits of the Land Life Link to become a reality.”
– Jeff Philipp, CEO and Founder, SSi Canada

Quick facts

Canada’s Connectivity Strategy aims to provide all Canadians with access to Internet speeds of at least 50 megabits per second (Mbps) download / 10 Mbps upload.
The Universal Broadband Fund is a $3.225 billion investment by the Government of Canada designed to help provide high-speed Internet access to 98% of Canadians by 2026 and achieve the national target of 100% access by 2030.
Today, 93.5% of Canadian households have access to high-speed Internet, compared to just 79% in 2014.
Since 2015, the Government of Canada has invested $80 million in connectivity projects in the Northwest Territories.

Associated links

Universal Broadband Fund
High-Speed Access for All: Canada’s Connectivity Strategy
High-Speed Internet Access Dashboard
National Broadband Internet Service Availability Map
High-speed Internet for all Canadians
Rural economic development

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SOURCE Innovation, Science and Economic Development Canada

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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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58 mins ago

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September 20, 2024

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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58 mins ago

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September 20, 2024

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/kucoins-alicia-kao-shares-insights-on-how-ai-is-accelerating-mass-crypto-adoption-at-token2049-singapore-302253908.html

SOURCE KuCoin

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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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58 mins ago

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September 20, 2024

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/paypal-ventures-reinforces-support-of-chaos-labs-with-additional-investment-302253911.html

SOURCE Chaos Labs, Inc.

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