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XKL and Scatter Creek Partner to Deliver Advanced Broadband Services to Rural Communities

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Scatter Creek Deploys XKL’s Flexible Plug and Play Networking Solution and Achieves 40% OPEX Reduction

REDMOND, Wash., June 7, 2024 /PRNewswire/ — XKL, a solutions-based optical networking provider, is proud to announce the successful deployment of a high-capacity DWDM solution benefiting rural communities by Washington-based ISP Scatter Creek Infonet. Leveraging XKL’s right-sized strategy, advanced optical networking solutions and high-touch customer service, Scatter Creek’s newly enhanced network delivers operational simplicity and cost efficiencies while supporting end users and subscribers with reliable, rich connectivity.

Scatter Creek, after experiencing a significant increase in demand and exceeding the bandwidth of its existing equipment, needed an advanced, cost-efficient solution to expand capabilities while eliminating outage and downtime issues. Seeking a local team of accessible experts, Scatter Creek found XKL, who crafted a tailor-made proposal for a FOADM (Fixed Optical Add Drop Multiplexer) solution that offered previously untapped opportunities. Scatter Creek simplified network management while significantly reducing expenses through their greenfield DWDM network investment.

Scatter Creek now leverages a DWDM network solution complete with 100G/400G transport capabilities. XKL’s advanced network solutions technologically pave the way for reliable connectivity across surrounding rural communities, delivering flexibility for capacity expansion while offering optimized performance and reliability.

“As a smaller, rural ISP, we found that many commonly offered network solutions just didn’t suit our architecture. XKL really took the time to listen to our goals and draw on their expertise to show us a different way of proceeding,” notes Brian Van Mondfrans, IT Manager at Scatter Creek. “The end result of our collaboration with XKL is that we don’t need to pay for additional software or GUIs with unneeded features and associated subscription fees, and we weren’t pushed to add more ports or interface cards than we needed. This DWDM solution is ideally sized for our use case, has a simple management interface that supports SNMP, was delivered with a seamless plug-and-play approach and offers superior technical results. We couldn’t have asked for a better outcome.”

Particularly for providers of this size, balancing cost-efficiency and technical excellence is a priority, making tailored network solutions highly advantageous. This is why XKL prioritizes hands-on support to explain, build and deploy network solutions that offer exactly what a customer requires — no more, no less. By eliminating unnecessary or extraneous network capabilities, XKL ensures customers get the best DWDM results on time and on budget with no licensing fees ever. In this case, provisioning a streamlined, user-friendly network allowed Scatter Creek to manage its own backhaul, creating further financial and operational efficiencies.

“This all comes down to delivering digital opportunities to our rural customers, and with XKL’s network expertise, we were able to cut our operational costs by 40%. By reducing operational complexity and averting huge network expenses, we’re more agile and flexible for our customers’ futures and have the capacity to support other regional ISPs and partners as we build this connectivity fabric,” states Rick Vitzthum, CFO of Scatter Creek. “With other network providers, we struggled to find the size of solution we needed, and some would have made us pay tens of thousands annually for just a graphic user interface. XKL’s creative networking and customer-first approach has worked wonders for both us and our subscribers.”

For partners like Scatter Creek, XKL’s consultative approach is the key to achieving truly excellent network deployments and expansions. To learn more about this process, click here.

To learn more about Scatter Creek, visit www.scattercreek.com

About XKL

XKL helps businesses of all sizes expand and reimagine their networks in innovative ways with built-to-order, cost-effective and easy-to-manage DWDM solutions. Backed by our proven customer-centric, consultative approach and 30+ years of experience, XKL’s Layer 1 optical networking solutions deliver the capabilities and reliability required to meet even the most challenging network demands. To learn more about XKL, visit www.xkl.com.

About Scatter Creek

Scatter Creek Infonet is an Internet Service Provider that serves rural customers in Washington State.

For media inquiries, please contact:
Katie Carson
jsa_xkl@jsa.net 

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SOURCE XKL, LLC

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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/.

 

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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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