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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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Immorta Bio to Present New Data on SenoVax™ and StemCell Revivify™ at Biotech Showcase 2025

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12 minutes ago

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January 10, 2025

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Senolytic Immunotherapy and Cellular Rejuvenation platforms are progressing toward clinical development

MIAMI, Jan. 10, 2025 /PRNewswire/ — Immorta Bio Inc., a leader in longevity-focused biotechnologies, announced today that it will present its latest developments at the upcoming Biotech Showcase in San Francisco, CA. The company’s presentation will provide insights into its groundbreaking research and technological advancements aimed at Treating Diseases of Aging and Treating Aging as Disease™.

Details of the presentation are as follows:

Event: Biotech Showcase 2025
Date: January 14, 2025
Time: 4 PM Pacific
Location: Franciscan C, Ballroom Level

Immorta Bio’s innovative platform SenoVax™, a dendritic cell-based vaccine designed to target and eliminate senescent cells. Preclinical studies have demonstrated its potential to transform the tumor microenvironment by clearing these cells, which are associated with aging and disease progression. Furthermore, in animal models of multiple solid tumor cancers (lung, breast, glioma, pancreatic), SenoVax™ induced significant tumor regression by enhancing immune responses, underscoring its promise as a therapeutic solution for both cancer treatment and longevity research.

The company’s StemCell Revivify™, a set of personalized young and immortal progenitor and mesenchymal stem cells have shown an ability to achieve dramatic recovery of failing organs in multiple animal models. Proprietary iPSC-based stem cell therapies have been developed to provide scalable, practical, and economical solutions.

“We are thrilled to showcase our recent progress and share our vision for tackling the diseases of aging as well as the aging itself,” said Dr. Thomas Ichim, President and Chief Scientific Officer of Immorta Bio. “At Immorta Bio, we believe that combining cutting-edge science with a deep understanding of the biology of aging can transform how we address major medical challenges. The Biotech Showcase offers an invaluable platform to engage with innovators, collaborators, and investors while we highlight how our breakthroughs in longevity science are paving the way for healthier, longer lives.”

To learn more about the event, please visit https://informaconnect.com/biotech-showcase/. To schedule a one-on-one with Dr. Thomas Ichim, President and Chief Scientific Officer of Immorta Bio, during the event, please email kbash@immortabio.com

About Immorta Bio
Immorta Bio Inc. is a scientific longevity company developing personalized cellular therapeutics focused on Treating Diseases of Aging and Treating Aging as a Disease™. We are advancing longevity medicine by harnessing patient-derived rejuvenated stem cells and enhanced immune cells, restoring the body’s natural ability to combat cancers and age-related diseases. Our mission is to address the root causes of aging and bring resilience and vitality back to you.

To learn more about Immorta Bio’s research initiatives, visit immortabio.com, LinkedIn and X.

Media Contact

David Schull  
Russo Partners
858-717-2310
388575@email4pr.com

Kate Bash
Chief Commercial Officer
Immorta Bio
388575@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/immorta-bio-to-present-new-data-on-senovax-and-stemcell-revivify-at-biotech-showcase-2025-302347953.html

SOURCE Immorta Bio Inc.

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Breaking Stereotypes: New 3Fun Survey Reveals Media’s Missteps in Polyamory Representation

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12 minutes ago

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January 10, 2025

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NEW YORK, Jan. 10, 2025 /PRNewswire/ — Despite growing visibility, only 11% of polyamorous individuals feel media portrayals align with their real-life experiences, according to a new survey by 3Fun, the leading dating app for open-minded singles and partners seeking like-minded connections. The survey, conducted among 1,312 3Fun users, highlights how media misrepresentation shapes public perceptions, reinforces stereotypes, and impacts user expectations on dating platforms like 3Fun.

Key Findings from the 3Fun Survey:

Limited Representation: Nearly 40% of respondents said they rarely see polyamorous relationships in mainstream media, while 17% reported never seeing them at all.Social Media Influence: Platforms like Instagram and TikTok are driving perceptions of polyamory for 40% of users, far surpassing traditional media like TV and film (10%).Accuracy Issues: Only 11% of respondents described media portrayals as “very accurate,” while 52% rated them as “rarely accurate” or “completely inaccurate.”Mixed Progress: While 39% believe portrayals have improved, 38% said they’ve noticed no change at all.Normalization vs. Stereotypes: Social media is a double-edged sword—40% think it normalizes polyamory, but 34% believe it reinforces harmful stereotypes.Global vs. Local Media: Over 21% noted global media tends to be more open-minded about polyamory than local outlets, which are often conservative or avoid the topic altogether.

“The data from this survey shows how far we still have to go in achieving authentic representation of polyamory in media and pop culture,” said Max Ma, Founder and CEO of 3Fun. “These portrayals don’t just shape public opinion—they directly influence how our users feel about their relationships and their ability to live openly. At 3Fun, we’re dedicated to creating a supportive community where everyone can explore their desires without fear of judgment.”

The Real Impact of Misrepresentation

Nearly half of respondents (47%) identified cultural and societal norms as the biggest barriers to societal acceptance of polyamory—more significant than concerns about media portrayal or visibility. However, respondents emphasized that better representation would lead to:

Easier conversations about polyamory (32%)Improved understanding within their social circles (21%)

Gigi Engle, certified sex and relationship psychotherapist and 3Fun’s resident intimacy expert, echoed this sentiment: “Representation matters. Media has the power to normalize relationships and dismantle stereotypes, but only when done thoughtfully. This survey shows a clear need for creators to approach polyamory with authenticity and care.”

Creating a World Where Love Knows No Limits

The findings highlight the role platforms like 3Fun play in bridging the gap between perception and reality. With over 10 million downloads and 3 million verified active users worldwide, 3Fun provides a safe, inclusive space for polyamorous individuals and couples to connect, explore, and thrive.

Join us in building a community where love is celebrated in all its forms. Download 3Fun today and discover a world where love knows no limits.

For more information, visit www.go3fun.co.

About 3Fun:

3Fun, with over 10 million downloads and 3 million verified active users worldwide, is the leading dating app for open-minded singles and partners to meet like-minded people. The platform provides a safe and inclusive space for users to explore ethical open relationships and polyamory lifestyles, fostering community and connection without judgment. Learn more at www.go3fun.co.

Media Contact:
Britni Ackrivo
backrivo@gregoryfca.com
484-504-9920

View original content:https://www.prnewswire.com/news-releases/breaking-stereotypes-new-3fun-survey-reveals-medias-missteps-in-polyamory-representation-302347759.html

SOURCE 3Fun

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Powerfleet to Present at the 27th Annual Needham Growth Conference

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12 minutes ago

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January 10, 2025

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WOODCLIFF LAKE, N.J., Jan. 10, 2025 /PRNewswire/ — Powerfleet, Inc. (Nasdaq: AIOT) today announced that management is scheduled to present at the 27th Annual Needham Growth Conference on Tuesday, January 14th at 4:30pmET and meet with investors to discuss how Powerfleet is enacting meaningful business change through effective data insights for its customers and underpinning their digital transformations.  

The link to the live webcast of the Company’s presentation will be available by visiting Powerfleets website at https://ir.powerfleet.com/events-presentations/events.

ABOUT POWERFLEET
Powerfleet (Nasdaq: AIOT; JSE: PWR) is a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry. With more than 30 years of experience, Powerfleet unifies business operations through the ingestion, harmonization, and integration of data, irrespective of source, and delivers actionable insights to help companies save lives, time, and money. Powerfleet’s ethos transcends our data ecosystem and commitment to innovation; our people-centric approach empowers our customers to realize impactful and sustained business improvement. The company is headquartered in New Jersey, United States, with offices around the globe. Explore more at www.powerfleet.com. Powerfleet has a primary listing on The Nasdaq Global Market and a secondary listing on the Main Board of the Johannesburg Stock Exchange (JSE).

Powerfleet Investor Contacts
Carolyn Capaccio and Jody Burfening
Alliance Advisors IR
AIOTIRTeam@allianceadvisors.com

Powerfleet Media Contact
Jonathan Bates
jonathan.bates@powerfleet.com
+44 7921 242 892

View original content to download multimedia:https://www.prnewswire.com/news-releases/powerfleet-to-present-at-the-27th-annual-needham-growth-conference-302347520.html

SOURCE Powerfleet

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