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KT SAT Signs MoU with Rivada for Next Generation Data Network

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Rivada’s Outernet secure business backbone in space offers new opportunities for network providers

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Rivada to launch a constellation of 600 ultra-secure, networked low-earth orbit satellitesDeployment starts in 2025 with global coverage by 2026 and full deployment expected by mid-2028Unique network combines satellite and terrestrial capabilities for ultra-low latency, high speed, unparalleled security, and true global coverageTelecom, Enterprise, Maritime, Energy and Government Services sectors

SINGAPORE, May 27, 2024 /PRNewswire/ — KT SAT, Korea’s national satellite communications services provider, and Rivada Space Networks have signed an MoU to provide next-generation connectivity for Enterprise and Government customers, enabling expansion in Asia Pacific and beyond.

KT SAT will deploy Rivada’s outernet, a unique space-based network in low earth orbit, to provide ultra-secure connectivity to Enterprise, Government and Maritime companies looking for scalable and resilient solutions for their expanding networks. And with Asia’s subsea cables, which carry much of the world’s data, increasingly becoming a focal point of geopolitical tensions, the region now, more than ever, needs resilient infrastructure, which is fast, secure, and reliable.

For Enterprise and Government customers, the key attributes of the outernet are ideal for a variety of applications, for example, to give banks and global companies secured networks with distributed offices, provide significantly more bandwidth for oil & gas exploration than is available today, enable seamless connectivity for shipping & fleet management, or provide 5G satellite backhaul connectivity network expansion for cellular operators. KT SAT can offer a competitive advantage in existing network services markets by expanding these markets, enabling new opportunities through multi-gigabit bi-directional performance, combined with worldwide reach.

As the first unified global communications network, Rivada’s outernet is transformative. A global low-latency point-to-point network of 600 low earth orbit (LEO) satellites, it is a unique next-generation constellation combining inter-satellite laser links with advanced onboard processing and routing to create a ubiquitous optical mesh network in space. This “orbital network,” in which data stays in space from origin to destination, creates an ultra-secure, private satellite network with pole-to-pole coverage, offering end-to-end latencies much lower than terrestrial fiber over long distances. And by routing traffic on a physically separated network, it provides a layer of defense for any enterprise or government organization that needs to securely share data across Asia and beyond.

Declan Ganley, CEO of Rivada Space Networks, said: “We are delighted to be partnering with KT SAT with their long history and expertise in serving the telecoms sector in Asia Pacific. The outernet will provide secure connectivity and expanded coverage, enabling KT SAT to tap into new markets. Our unique infrastructure is what data communications has been waiting for – a game-changing constellation which re-defines connectivity in terms of security, latency, capacity, efficiency, and coverage. As a completely new type of LEO constellation, the outernet can provide the Asia Pacific region with a next-generation infrastructure for secure, resilient communications and network expansion.”

Rivada will be at the Satellite Industry Forum and AsiaTechX from 28-31 May, exploring the opportunities for NGSO networks in Asia Pacific:

How the potential of LEO can be unlocked for data networks and services and the opportunities for new business models and end-user servicesAn ultra-secure network is the ambition for global enterprise and government communications and the dynamic powers of laser communications are keyPartnering with LEO enables Asia Pacific satellite and telecom operators in search of growth to complement and expand services that cannot be supported by GEO alone

To find out more, meet us at stand 5A1-3 at AsiaTechX from 29-31 May.

About the outernet:
The outernet is the first unified global communications network. Rivada’s global low-latency point-to-point network of 600 low earth orbit (LEO) satellites is a unique next-generation constellation combining inter-satellite laser links with advanced onboard processing and routing to create a ubiquitous optical mesh network in space. This “orbital network,” in which data stays in space from origin to destination, creates an ultra-secure satellite network with pole-to-pole coverage, offering end-to-end latencies much lower than terrestrial fiber over long distances. And by routing traffic on a physically separated network, it provides a layer of defense for any organization that needs to securely share data between widely distributed sites. The first satellite launch is set for 2025, with global service available in 2026. 

Follow Rivada Space Networks on:
LinkedIn: https://www.linkedin.com/company/rivada-space/
Twitter: @rivadaspace 

Media Contacts
Melanie Dickie, Chief Marketing & Communications Officer
Rivada Space Networks GmbH
Tel: +31 6 14 22 97 62
Email: mdickie@rivadaspace.com

Brian Carney, SVP Corporate Communications
Rivada Networks, Inc
Tel: +1 (207) 256-0386
Email: bcarney@rivada.com

About the KT SAT:
Since the establishment of Kumsan Satellite Service Center in 1970, KT SAT (wholly owned by KT) has been leading Korea’s broadcasting and telecommunication industry for over 50 years in Asia. KT SAT deploys a total of four satellites to provide user-customized services and global satellite coverage over Asia, the Middle East and Africa. KOREASAT reaches the majority of regions where customers need high performance connectivity, covering from Asia to Africa with C-band Hemi Beam and providing very high-powered Ku-Band Regional Beam in Southeast Asia and Sub-Saharan Africa. Leveraging the abundant experience and expertise of a global satellite operator, KT SAT recently started a space data business focusing on satellite imagery and analysis. Besides that, as a part of the strategy aiming to be a multi-orbit satellite provider, KT SAT also invested in U.S.-based startup Mangata Networks in 2022. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/kt-sat-signs-mou-with-rivada-for-next-generation-data-network-302156096.html

SOURCE Rivada Space Networks

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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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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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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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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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