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bitSmiley Integrates Portal Swaps to Make USD Stablecoin on Bitcoin Accessible to Chains Outside of Bitcoin

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1 year ago

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By integrating bitSmiley’s stablecoin, $bitUSD, into the Portal DEX Network, bitSmiley will add cross-chain capabilities and enhance the cryptocurrency trading landscape with more diverse asset trading and collateral options.

SAN FRANCISCO, March 7, 2024 /PRNewswire-PRWeb/ — bitSmiley, a project powering Bitcoin‘s first BitRC20-based stablecoin protocol, today announced a strategic integration of Portal swaps, the first trust-minimized, Layer 2 cross-chain swaps that involve no bridges, custody or wrapping. bitSmiley’s dollar-pegged $bitUSD and its future governance token will be seamlessly integrated into the Portal DEX Network.

“The bitSmiley integration of Portal Swap SDK, a toolkit designed to empower DEXs and protocols with trustless, bridgeless and wrapperless cross-chain swaps, strengthens our platform’s cross-chain capabilities and extends its benefits beyond just BitRC20 partner networks and Bitcoin,” said J, co-founder at bitSmiley. “With our stablecoin, $bitUSD, integrated into the Portal DEX Network, we are enhancing the trading landscape with more diverse asset trading and collateral options.”

bitSmiley offers a decentralized, overcollateralized stablecoin protocol, including a trustless native lending protocol (bitLending), and a comprehensive derivatives protocol. By leveraging the capabilities of the Portal Swap SDK, bitSmiley aims to elevate the DeFi experience for Bitcoin users beyond the technical confinements of the Bitcoin ecosystem. bitSmiley aligns with Portal’s vision of making DeFi on Bitcoin (BTCFi) broadly accessible, something lacking behind the many years of advanced financial applications already enjoyed by users of Ethereum and other EVM-based blockchains.

“Integration of Portal Swap SDK into bitSmiley to make DeFi on Bitcoin (BTCFi) broadly accessible – something that is lacking behind the many years of advanced financial applications already enjoyed by users of Ethereum and other EVM-based blockchains – showcases our commitment to making the Bitcoin ecosystem unstoppable and cross-chain digital asset trading and swapping devoid of custodial risk,” said Chandra Duggirala, co-founder and CEO of Portal. “Currently, bitSmiley’s Bitcoin-based $bitUSD stablecoin is minted by depositing only native BTC, but we are excited for Portal Network’s cross-chain atomic swaps architecture to support a groundbreaking, new collateralization feature.”

The Portal Network’s ability to safely lock in place assets of different chains while still remaining in the self-sovereign custody of the user will allow a higher market cap for non-Bitcoin assets, like native ETH or other ERC20 stablecoins, to be used as collateral backing $bitUSD. This provides enhanced dollar-peg stability and diversified access.

The integration of Portal Swap SDK into bitSmiley’s ecosystem also allows for direct purchases of $bitUSD using non-Bitcoin assets, like USDT or Arbitrum – all within bitSmiley’s platform to multiply access to bitSmiley’s offerings via Portal Network’s liquidity providers. This opens avenues for entities in the Portal ecosystem, including wallets, bridges, marketplaces and protocols using the Portal Swap SDK, to provide their users with one-click direct access to buying and selling $bitUSD and bitSmiley’s future governance token within their apps. The integration ensures a seamless and integrated experience without users needing to leave the partner’s platform.

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 bitSmiley
bitSmiley represents the forefront of Bitcoin blockchain innovation, offering a decentralized overcollateralized stablecoin protocol, a native trustless lending platform, and a comprehensive derivatives protocol. bitSmiley’s $bitUSD, the first BitRC20-based stablecoin on Bitcoin, epitomizes innovation, providing a decentralized and transparent currency for Bitcoin holders. bitSmiley, powered by the Fintegra framework within the Bitcoin ecosystem, is backed by renowned investment firms, including OKX Ventures, ABCDE, Foresight Ventures, Waterdrip Capital, Arkstream Capital and others. For more information, visit https://www.bitSmiley.io.

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

View original content:https://www.prweb.com/releases/bitsmiley-integrates-portal-swaps-to-make-usd-stablecoin-on-bitcoin-accessible-to-chains-outside-of-bitcoin-302082367.html

SOURCE bitSmiley

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DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Oracle Health Customers Whose Data May Have Been Compromised

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17 minutes ago

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April 4, 2025

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NEWTOWN, Pa., April 4, 2025 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating claims regarding data privacy violations at Oracle Health (“Oracle”). Oracle learned of the breach on or about February 20, 2025. To join this case, go HERE.

About Oracle Health

Oracle Corporation is a multinational computer technology company based in the United States. Oracle Health, a subsidiary of Oracle, specializes in healthcare software, with a focus on Electronic Health Records and hospital management solutions.

What happened?

Oracle recently experienced two separate data breach incidents. The first occurred around February 20, 2025, when Oracle Health discovered a security breach within its network. They initiated an investigation and found that on or after January 22, 2025, an unauthorized third party had accessed the company’s servers and copied patient data to an unknown external location.

The second incident involved Oracle Cloud servers. In this case, a hacker using the online alias rose87168 posted on a cybercrime forum, offering the data of 6 million Oracle Cloud customers. Although Oracle has denied this data breach, evidence suggests otherwise.

What type of information was stolen?

The personal information in the compromised files may have included:

Patient Information From Electronic Health Records

How can I protect my personal data?

If you receive a data breach notification concerning Oracle, you should take precautions to protect against potential misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for any suspicious or unauthorized activity.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for individuals whose sensitive personal data may have been compromised as a result of the Oracle data breach.

For more information, please contact:

Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 ext. 2
Email: medelson@edelson-law.com
Web: www.edelson-law.com 

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-breach-alert-edelson-lechtzin-llp-is-investigating-claims-on-behalf-of-oracle-health-customers-whose-data-may-have-been-compromised-302421202.html

SOURCE Edelson Lechtzin LLP

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DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of CDHA Management, LLC and Spark DSO, LLC d/b/a Chord Specialty Dental Partners Customers Whose Data May Have Been Compromised

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17 minutes ago

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April 4, 2025

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NEWTOWN, Pa., April 4, 2025 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating claims regarding data privacy violations at CDHA Management, LLC, and Spark DSO, LLC d/b/a Chord Specialty Dental Partners (collectively, “Chord”). Chord learned of suspicious activity on its network on or about September 11, 2024. To join this case, go HERE.

About CDHA Management, LLC and Spark DSO, LLC d/b/a Chord Specialty Dental Partners

Chord Specialty Dental Partners, based in Tennessee, is a network of dental practices with over 60 locations in six states. They focus on expanding access to dental services.

What happened?

On or around September 11, 2024, Chord was alerted to suspicious activity involving an employee’s email account on their network. They initiated an investigation and discovered that an unauthorized individual had accessed several accounts between August 19, 2024, and September 25, 2024. It is possible that certain personal information was obtained during this data breach.

What type of information was stolen?

The compromised files contained personal information, including:

NamesAddressesSocial Security NumbersDriver’s License NumbersBank Account InformationPayment Card InformationDates of BirthMedical InformationHealth Insurance Information

How can I protect my personal data?

If you receive a data breach notification concerning Chord, you should take precautions to protect against possible misuse of your personal information, including identity theft and fraud, by regularly reviewing your account statements and monitoring your credit reports for any suspicious or unauthorized activity.

Edelson Lechtzin LLP is investigating a class action lawsuit to seek legal remedies for individuals whose sensitive personal data may have been compromised by the Chord data breach.

For more information, please contact:
Marc H. Edelson, Esq.
EDELSON LECHTZIN LLP
411 S. State Street, Suite N-300
Newtown, PA 18940
Phone: 844-696-7492 ext. 2
Email: medelson@edelson-law.com
Web: www.edelson-law.com 

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to cases involving data breaches, our lawyers focus on class and collective litigation in cases alleging securities and investment fraud, violations of the federal antitrust laws, employee benefit plans under ERISA, wage theft and unpaid overtime, consumer fraud, and catastrophic injuries.

This press release may be considered Attorney Advertising in some jurisdictions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/data-breach-alert-edelson-lechtzin-llp-is-investigating-claims-on-behalf-of-cdha-management-llc-and-spark-dso-llc-dba-chord-specialty-dental-partners-customers-whose-data-may-have-been-compromised-302421205.html

SOURCE Edelson Lechtzin LLP

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RiskOpsAI™ Welcomes Chris Murray, Former PwC Partner, London to its Cyber Advisory Board

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17 minutes ago

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April 4, 2025

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RiskOpsAI™ welcomes Chris Murray, Former PwC Partner, London to its Cyber Advisory Board to support its AI-Native Next Generation Risk Management.

SAN DIEGO, April 4, 2025 /PRNewswire-PRWeb/ — RiskOpsAI™, a pioneer in AI-Native Next Generation Risk Management, is pleased to welcome Chris Murray, Former PwC Partner to its Cyber Advisory Board.

“We are excited to announce the addition of Chris Murray to our expanding CXO advisory board, bringing valuable insights to revolutionize the GRC market with AI-native continuous GRC solutions. Chris will help us to expand our EU footprint. Welcome aboard, Chris!” said AJ Sarkar, CEO RiskOpsAI™.

Strategic Addition to Strengthen RiskOpsAI™ Growth and Innovation.

With a career spanning software development to Chief Technology Officer (CTO), Chris Murray brings deep expertise in AI, technology strategy and digital transformation. His experience includes:

Building SaaS businesses and leading enterprise software development.Driving AI, technology and alliance strategies across PwC’s global service lines.Scaling PwC’s technology alliances, including the first partner-led Workday implementation in EMEA.Leading AI adoption initiatives, including PwC’s #TrustInAI campaign.

His appointment strengthens RiskOpsAI™ commitment to AI-Native Risk Modeling and Decision Intelligence.

RiskOpsAI™: AI-Native Next Generation Risk Management.

RiskOpsAI™ pioneers AI-Native Continuous GRC, empowering Fortune 2000 enterprises to:

Identify, prioritize and remedy cyber risks – all in one platformMaintain governance, risk and compliance – all in one platform

“We are excited to announce the addition of Chris Murray to our expanding CXO advisory board, bringing valuable insights to revolutionize the GRC market with AI-native continuous GRC solutions. Chris will help us to expand our EU footprint. Welcome aboard, Chris!” said AJ Sarkar, CEO RiskOpsAI™.

With its integrated SaaS platform, RiskOpsAI™ delivers patented Cyber Risk Quantification and Continuous Threat Exposure Management (CTEM), providing actionable insights into the true impact of cyber risk on your business. Our solutions, including Continuous Compliance Automation and Thirdparty Threat Exposure Management™, ensure businesses stay secure, compliant and resilient.

For more information, visit https://optimeyes.ai.

RiskOpsAI™

Media Contact

Mainak Majumdar, RiskOpsAI, 1 (858) 585-3101, mainakm@optimeyes.ai, www.riskops.ai

Twitter, LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/riskopsai-welcomes-chris-murray-former-pwc-partner-london-to-its-cyber-advisory-board-302420540.html

SOURCE RiskOpsAI

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