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Trustless Bitcoin Staking Protocol Babylon Launches on Mainnet

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The Babylon Bitcoin Staking Mainnet Phase-1 launch represents a major milestone in the integration of Bitcoin‘s security into the proof-of-stake (PoS) ecosystem.

TORTOLA, British Virgin Islands, Aug. 19, 2024 /PRNewswire-PRWeb/ — Babylon, the self-custodial Bitcoin Staking Protocol that aims to build a Bitcoin-secured decentralized world, will launch Phase-1 mainnet on August 22, 2024. Following its $70M raise, led by Paradigm, the Babylon Bitcoin Staking Mainnet launch represents a major milestone in the integration of Bitcoin‘s security into the proof-of-stake (PoS) ecosystem. Babylon Bitcoin Staking Protocol allows Proof-of-Stake (“PoS”) systems such as PoS chains, L2s, Data Availability (DA) layers, oracles, etc. to gain staking from Bitcoin, the largest, decentralized crypto asset in the world.

“This launch leads to the third native use-case of bitcoin the asset beside value storage and simple payment: stake to secure networks and earn.”

Babylon Bitcoin Staking Mainnet will be launched in phases. The upcoming Phase-1 will address the supply side of the two-sided market by allowing Bitcoin holders to lock their bitcoins with the self-custodial Bitcoin staking script on the Bitcoin chain. Future phases of the Bitcoin protocol will let PoS networks launch with the crypto-economic security of staked bitcoins.

To maximize system security, the Bitcoin staking system will have an initial cap of 1,000 bitcoins. The Babylon Bitcoin Staking Mainnet is supported by over 200 finality providers, which are similar to PoS validators in that they receive voting power delegations from BTC stakers and can earn commission from the staking rewards. The mainnet integrates finality providers, including industry leaders, such as Allnodes, Figment, Galaxy Digital, Luganodes, P2P, Stakefish, and more.

Leading wallets, including Binance Web3 Wallet, Bitget Wallet, Imtoken, Keystone, OKX Web3 Wallet, OneKey Wallet, and TomoWallet, have integrated with the Babylon Bitcoin staking ecosystem, enhancing accessibility and user experience. Additionally, the mainnet integrates Liquid Staking Token protocols (LST’s), such as Acorn, Babypie, Bedrock, Chakra, Kinza, Lombard, Lorenzo, Nomic, pSTAKE, PumpBTC, Solv, demonstrating a commitment to fostering a diverse and resilient Bitcoin staking ecosystem.

David Tse, Co-founder of the Babylon project, said, “We are thrilled to announce the launch of the mainnet, a major step in our mission to make the largest crypto asset the security backbone of PoS systems. Our team is dedicated to advancing the utility of Bitcoin beyond its traditional roles.”

Fisher Yu, Co-founder of the Babylon project, said, “This launch leads to the third native use-case of Bitcoin the asset beside value storage and simple payment: stake to secure networks and earn. We expect this to enhance the crypto-economic security of PoS chains and other decentralized applications, offering them a more secure and reliable infrastructure, while at the same time unlocking the value from the idle, unencumbered $1 trillion Bitcoin ecosystem.

Binance Web3 Wallet representative said, “Binance Web3 Wallet is thrilled to be among the first to support Babylon’s mainnet launch. Our goal has always been to provide users with seamless access to on-chain explorations while supporting top-tier projects in their early growth stages.”

Jason Lau, OKX Chief Innovation Officer, said, “For over 10 years, we’ve been at the forefront of supporting Bitcoin innovation and growth, focusing on expanding access to and increasing the usage of Bitcoin. With the launch of the Babylon Bitcoin Staking Protocol, OKX Wallet’s web extension users will now have seamless access to a new use-case for their self-custodied Bitcoin. We can’t wait to see how the community builds on this new primitive.”

Alex Esin, Chief Executive Officer, P2P said, “We are incredibly excited about the opportunity to support and actively participate in the development of Babylon. From the first testnet to the mainnet. It opens up incredible opportunities for BTC holders and contributes to a significant transformation of the BTC-based DeFi landscape. A historic moment!”

Jacob Phillips, Co-Founder, Lombard said, “By enhancing the supply side into Babylon, Lombard will enable Bitcoin holders and institutions to earn yield by staking their BTC with the Babylon protocol, as well as also providing them with a DeFi-compatible liquid asset they can deploy across protocols. This dual benefit unlocks new possibilities for Bitcoin in the decentralized economy, potentially allowing billions in bitcoin into the Web3 ecosystem.”

Babylon’s journey has been marked by significant milestones, including the launch of the world’s first trustless Bitcoin staking testnet in February 2024. The testnet, which saw over 100,000 stakers within 48 hours, demonstrated the platform’s potential to evolve Bitcoin into the security backbone of PoS systems. This achievement not only showcases the Babylon protocol’s technical prowess but also its commitment to creating a secure, decentralized economy.

To track the countdown to mainnet launch, follow @babylonlabs_io on X. For more information about Babylon, please visit the website.

For media inquiries, please contact Dayana Aleksandrova at (310) 260-7901 or dayana(at)melrosepr(dot)com.

About Babylon
Babylon is a project that designs Bitcoin security sharing protocols with a vision of building a Bitcoin-secured decentralized world. Its latest development is the world’s first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling them to earn yield without the need for third-party custody, bridge solutions, or wrapping services. Babylon’s approach combines the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin‘s utility. Babylon was founded in 2022 by Stanford Professor David Tse and Dr. Fisher Yu. Professor Tse is a member of the U.S. Academy of Engineering and is renowned as the inventor of the legendary proportional-fair scheduling algorithm for wireless communications. Babylon is led by a team of consensus protocol researchers and experienced layer 1 engineers from around the world.

For more information about the Babylon project, please visit:
Website: http://www.babylonlabs.io    Twitter: https://twitter.com/babylonlabs_io

Media Contact

Dayana Aleksandrova, Babylon Labs, (310) 260-7901, dayana@melrosepr.com, https://babylonlabs.io/ 

View original content:https://www.prweb.com/releases/trustless-bitcoin-staking-protocol-babylon-launches-on-mainnet-302224971.html

SOURCE Babylon Labs

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Huawei Cloud in France: Building an AI-Native Cloud to Amplify Intelligence on the Tech Stage

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PARIS, Nov. 14, 2024 /PRNewswire/ — HUAWEI CONNECT 2024 PARIS commenced today, featuring the first Huawei Cloud Summit France. Huawei Cloud is building an AI-native cloud through systematic innovation and service reshaping. Moving forward, Huawei Cloud will continue to drive innovation in both the “AI for Cloud” and “Cloud for AI” directions, accelerating the intelligent transformation across industries in France.

Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, delivered a welcome speech in her digital presence built using Huawei Cloud MetaStudio. She stated, “Innovation is the heart of our success, our competitiveness, and our growth. That’s why we invest heavily in R&D to bring you the most secure and reliable cloud services possible, including cloud native, AI, and big data. In Europe, Huawei Cloud has collaborated with over 500 local partners to deliver a wide range of industry-specific solutions and proven expertise, enabling European businesses to expedite their cloud adoption, leverage global resources, and achieve leapfrog growth.”

In his keynote speech, William Dong, President of Huawei Cloud Marketing, highlighted the importance of AI in building economic moats. To this end, Huawei Cloud launches Pangu models to enable intelligent upgrades across industries, with over 400 use cases in 30 industries now benefiting from Huawei Cloud’s AI-native cloud infrastructure that extends cutting-edge technologies and premium experiences to European customers. On the tech stage, Huawei Cloud is set to amplify intelligence.

Huawei Cloud’s AI-native strategy has been a cornerstone of the company’s innovation. This strategy is twofold: AI for Cloud and Cloud for AI, marking significant advancements in Huawei Cloud’s capabilities. “AI for Cloud” means integrating Pangu models with cloud services for product R&D, data governance, security, and O&M to make them more intelligent and efficient.

With full-stack systemic innovations, “Cloud for AI” covers data centers, cloud platform architectures, and infrastructure services, enabling efficient and high-performance data preparation, training, inference, and application of foundation models. The distributed cloud database GaussDB features high performance, high intelligence, and easy migration. Huawei Cloud Stack 8.5 provides more than 120 locally deployed cloud services and 50 industry-specific solutions, building the optimal hybrid cloud for intelligent transformation.

At this summit, Huawei Cloud officially released the Flexus cloud services for small- and medium-sized enterprises (SMEs) in France. Flexus feature flexible specifications, AI-driven high speed, 6x burst speed, compute hot upgrade, and ultimate experience.

Presently, Huawei Cloud has more than 500 customers, partners, and developers in France. Song Wanying, President of Huawei Cloud France, shared insights on fostering business growth through cloud innovation and introduced new media & entertainment, e-commerce, and retail solutions for the French market, furthering intelligent initiatives.

Huawei Cloud has upgraded media services in a 3E approach: efficiency, experience, and evolution. For instance, AIGC for virtual humans can significantly reduce the time required for short video production from days to mere minutes. In terms of experience, Huawei Cloud leverages its self-developed RTP protocol to minimize latency to 500 ms and reduce frame freezing to 10%. For business model evolution, Huawei Cloud offers virtual human technology to facilitate efficient video production, leading to new business opportunities and growth.

In retail and e-commerce, Huawei Cloud has developed the B.R.A.N.D. model to assist retailers in driving innovation and growth. Through professional services, deterministic operations, security, reliability, and 16 sub-scenario solutions, B.R.A.N.D. enables retailers to build agile, efficient, and secure business systems.

In terms of ecosystem expansion, Huawei Cloud has partnered with Station F, the world’s largest startup incubator, to launch a sustainability-themed incubation program. This program aims to provide comprehensive support for startups, including cloud resources, investment opportunities, and dedicated office spaces. Additionally, Huawei Cloud and 20 ecosystem partners have unveiled the Industry Partner Innovation Program at the summit.

This two-day event features a packed agenda, including the partner forum and the Cloud Native Elite Club (CNEC) roundtable. At this year’s HUAWEI CONNECT Europe, CNEC returned to Europe and invited its first members to join this technical community built for European technology pioneers.

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View original content:https://www.prnewswire.co.uk/news-releases/huawei-cloud-in-france-building-an-ai-native-cloud-to-amplify-intelligence-on-the-tech-stage-302306351.html

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ALBERT GAHFI, NEWCO CAPITAL GROUP CEO, NOMINATED FOR THE U.S. FINTECH AWARDS’ INNOVATOR OF THE YEAR

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NEW YORK, Nov. 14, 2024 /PRNewswire/ — NewCo Capital Group is proud to announce that Albert Gahfi, CEO of NewCo Capital Group and Co-Founder and Director of Bizcap, has been nominated for the prestigious Innovator of the Year Award by the U.S. FinTech Awards. This recognition highlights Albert’s groundbreaking contributions to the FinTech sector and his dedication to founding companies that empower small businesses with forward-thinking capital solutions.

We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech

As a proven enterprise-building founder and CEO, Albert co-founded Kings Cash Group and oversaw its merger with a large FinTech consortium that included an SEC-registered fund. As the Co-Founder and CEO of NewCo Capital Group, Capytal.com, and NewCo Canada, as well as the co-founder of Melbourne-based BizCap, Albert’s global expansion strategy has led to the opening of offices in New Zealand, the United Kingdom, and a recently announced strategic initiative in Asia via Singapore.

The nomination for Innovator of the Year underscores NewCo’s commitment to reshaping how small-to-medium businesses and enterprise companies access financing. Since its founding, NewCo has remained at the forefront of Specialty Finance within the FinTech sector, continually creating custom capital solutions that leverage advanced technology, nuanced underwriting, and a deep understanding of client needs.

Bruce Gurvitsch, Chief Revenue Officer for NewCo Capital Group and Capytal.com, commended the nomination, stating, “Albert’s nomination for Innovator of the Year reflects his unwavering pursuit of excellence—a drive that defines our mission at NewCo. We’re committed to pushing the boundaries of what’s possible in FinTech, ensuring that SMBs have access to the capital they need for growth, job creation, and long-term success.”

NewCo and its affiliate companies have transformed traditional financing models, making it easier, faster, and more efficient for businesses to secure funding. With over $1.8 billion deployed across 40,000+ businesses globally, NewCo continues to lead the charge in specialized financing and working capital.

Reflecting on the nomination, Gahfi remarked, ‘This recognition from the U.S. FinTech Awards validates our efforts and inspires us to continue delivering the most innovative solutions to the market.’ He emphasized NewCo’s long-term vision, adding, ‘We are focused on what’s next—continuing to build the tools and services that will drive the future of FinTech. Our mission has always been to empower small businesses globally.’

For more information about NewCo Capital Group, visit www.NewCoCapitalGroup.com or email Info@NewCoCapitalGroup.com.

About NewCo Capital Group & Capytal.com

Founded in 2020, NewCo Capital Group and its affiliate companies empower SMBs globally with fast, accessible financing and funding. The companies have successfully deployed $1.8 billion to over 40,000 SMBs while maintaining a 4.9/5 Trustpilot rating.

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SOURCE NewCo Capital Group

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Enrollsy Unveils Brand Refresh and New Website to Enhance Enrollment Experience for Schools, Camps, Nonprofits, and More

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LEHI, Utah, Nov. 14, 2024 /PRNewswire/ — Enrollsy, the platform dedicated to making enrollment simple and accessible for organizations of all sizes, is thrilled to announce its brand refresh and launch of a new website at www.enrollsy.com. With a renewed focus on simplifying enrollment processes and delivering unparalleled support, Enrollsy’s brand refresh reinforces its commitment to empowering non-technical professionals with a seamless, user-friendly experience.

Enrollsy is online enrollment software made easy.

The name “Enrollsy” reflects the platform’s mission: combining “enroll” and “easy” to describe a solution that effortlessly manages the enrollment process—from sign-up to payments and communications—without requiring technical expertise or IT support. Enrollsy’s customizable platform is designed to solve enrollment challenges and make life easier for administrators everywhere.

Empowering Purpose, Mission, Vision, and Values

Driven by a purpose to create an exceptional experience from the first interaction to ongoing support, Enrollsy ensures every aspect of its service is tailored to customer needs. Enrollsy’s mission—to provide an amazing enrollment experience to 10 million people in a single year—drives the platform to innovate, simplify, and perfect enrollment solutions for organizations managing data, payments, and communications.

Enrollsy envisions a world where education, enrichment, and connection drive better outcomes, helping organizations fulfill their missions. As a trusted partner, Enrollsy shares its values with customers by prioritizing consistency, honoring commitments, and maintaining clear, actionable communication.

Unmatched Customer Experiences

Enrollsy’s brand refresh also highlights its commitment to delivering value through real-life customer success stories. Elizabeth Fizer, owner of Fizer Fine Art, shares, “Enrollsy transformed our registration process from an absolute nightmare to easily manageable. Their unmatched customer service and ability to tailor the software to meet our specific needs allowed us to offer flexible schedules and simplified invoicing—enabling me to focus on my family during a busy registration period. Parents found it easy and intuitive, which only enhanced our customer experience.”

Similarly, Matthew Vinson from Common Ground on the Hill, a nonprofit, noted, “Enrollsy exceeded our expectations by listening to our unique needs and creating a system that integrates with our existing applications seamlessly. They understood our operations and provided features we needed, making the registration process efficient and stress-free.”

Visit the New Enrollsy Website

Enrollsy’s reimagined website offers a refreshed look at how the platform simplifies enrollment, billing, and communication for education, enrichment, and nonprofit organizations across the U.S., Australia, and Canada. Visitors are invited to explore www.enrollsy.com to discover how Enrollsy’s solutions are transforming the enrollment experience and simplifying administrative processes.

About Enrollsy Enrollsy provides a complete, easy-to-use solution for managing enrollments, payments, and participant communications. Designed for non-technical professionals, Enrollsy’s mission is to simplify enrollment for organizations while delivering unmatched support and flexibility. Visit www.enrollsy.com to learn more about how Enrollsy is shaping the future of enrollment.

View original content to download multimedia:https://www.prnewswire.com/news-releases/enrollsy-unveils-brand-refresh-and-new-website-to-enhance-enrollment-experience-for-schools-camps-nonprofits-and-more-302306358.html

SOURCE Enrollsy, Inc.

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