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Accel leads $20m round in Sprinto as it helps businesses build trust through its compliance and risk platform

Sprinto

Businesses are facing mounting pressure to prioritize security risks and ensure compliance with leading security and privacy standards. Non-adherence can result in loss of business, hefty regulatory fines, and damage to reputation. However, despite the critical importance of these activities, they struggle to build a robust, responsive risk and compliance program due to the amount of manual work involved and the limited availability of resources. Helping businesses to address these challenges, leading automated risk and compliance platform Sprinto is today announcing a $20m funding round. Accel led the series B funding round with participation from existing investors Elevation Capital and Blume Ventures. Including this round, Sprinto has raised $31.8 million to date. Sprinto will use the fresh funds for R&D, with a sharp focus on intelligent automation and AI, and expanding into new markets. To empower businesses in navigating risk and compliance with clarity and confidence, Sprinto has pioneered technology rooted in intelligent automation that eliminates barriers to establishing trust. The platform plugs into a company's processes to create intelligent workflows using AI. By doing so, Sprinto tears down silos and produces a connected view of assets, risks, controls, and compliance. This structured approach enhances security programs, fostering seamless operations and tangible results. Founded in 2020 by Girish Redekar and Raghuveer Kancherla, Sprinto marks their second entrepreneurial endeavor. The company has amassed thousands of customers and extended its reach to more than 75 countries. The co-founders observed first-hand the challenges of dealing with compliance with their first venture Recruiterbox (acquired in 2018). They found it to be tedious, manual, confusing, and costly. Sprinto was born out of this frustration, designed and engineered to help other companies eliminate busywork through intelligent automation, liberating themselves from compliance drudgery and reclaiming time to do business. Girish Redekar, co-founder and CEO of Sprinto, said: “Companies are increasingly dependent on third and fourth parties to provide mission-critical services – from payroll processing to managed web hosting. It’s inevitable that this will expose them to vulnerabilities. They are doing their best to follow best practices for cybersecurity, but less than a quarter of execs believe they are meeting the bar ( Bain & Company ). Compliance serves as a way of seeding good security behaviors that help maintain security while ensuring high operating standards, high service levels, and risks under control. I’ve seen how CEOs are now increasingly engaged in risk and compliance-related projects, transitioning from viewing it solely as a monitoring and reporting mechanism for regulators to recognizing its potential as a driver of growth. Trust is the currency of any business transaction. Removing barriers to establishing trust can hyper-accelerate the GDP growth of B2B commerce. We are committed to building the technology that enables this mission.” Sprinto customer Alessio Panni, Partner and Head of Cloud & Platforms practice at Prometeia commented: "As a leading company in the field of consulting services and software solutions for the financial sector, we firmly believe security and compliance lie at the very heart of our SaaS Cloud offering for risk management and wealth management. Sprinto is our trusted security and compliance platform, enabling us from the early days to enhance protection for our client's assets and to accelerate the path towards secure growth and compliance goals. The Governance, Risk, and Compliance (GRC) market is undergoing unprecedented changes. Total spending reached $54.61 billion in 2023, and it’s expected to climb to $134.86 billion in 2030 (source: Grandview Research ). With its automation-first, intelligent, and adaptive risk and compliance platform, Sprinto is primed to succeed. The founding team and core leadership bring together decades of collective SaaS experience, drawing from diverse backgrounds as former founders, investors, and senior management professionals at companies like IBM, McKinsey, LinkedIn, Tata Consultancy Services, and BrowserStack. Shekhar Kirani, Partner at Accel, commented: “With the proliferation of data across digital platforms, the secular shift to the cloud, and the growing adoption of SaaS tools, information security is gaining central importance in the enterprise. Every company - whether tech-enabled or traditional, large or mid-sized - is increasingly required to comply with standard frameworks and protocols. Sprinto is doing an incredible job of helping companies focus on their core business by making compliance low-touch, automated, and efficient. With a deep understanding of the product and a sharp focus on execution, Sprinto has been on a rare growth trajectory. We are thrilled to partner with Girish, Raghuveer, and their team at Sprinto in their mission to ensure that compliance becomes a driver of growth for businesses,” Ravi Adusumalli, Co-managing Partner, Elevation Capital added: "We are thrilled to deepen our partnership with Sprinto as they continue to disrupt cloud security and compliance. Girish, Raghu, and the team have created a superior and comprehensive product, enabling hundreds of customers to achieve their compliance necessities. Sprinto's reviews and customer feedback are a testament to the product quality, which has enabled the company to grow over twenty times in a highly capital-efficient way since we led their Series A fundraising in 2021." About Sprinto Thousands of ambitious businesses trust Sprinto to streamline and automate their risk and compliance. Sprinto supports all major standard security frameworks, including SOC 2, ISO 27001, GDPR, HIPAA, and PCI-DSS, as well as custom frameworks tailored to your needs. With flexible and intelligent features, including adaptive automation, Sprinto equips businesses with a comprehensive toolkit to navigate cyber risk and regulatory requirements seamlessly, ensuring that compliance and audits never hinder growth. About Accel Accel is a leading global venture capital firm that aims to be the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Accel has been operating in India since 2008, and its investments include companies like BookMyShow, BrowserStack, Flipkart, Freshworks, Cure.fit, Musigma, Mensa Brands, Myntra, Swiggy, Urban Company, Zetwerk, and Zenoti, among many others. We help ambitious entrepreneurs build iconic global businesses. For more information, visit www.accel.com About Elevation Capital Elevation Capital is a leading venture capital firm that provides seed and early-stage capital for emerging companies in India. Having invested in India since 2002, Elevation has deployed over $2 billion of capital in over 150 companies. The firm announced its eighth pool of capital of $670 million in April 2022. Co-led by Managing Partners Ravi Adusumalli and Mukul Arora, along with Partners Mridul Arora and Mayank Khanduja, the firm has invested across Consumer Internet, SaaS, Fintech, Consumer Brands, Edtech, Healthtech, Gaming, and Deeptech. Elevation Capital has offices in Bengaluru and Gurgaon. For more information, visit elevationcapital.com About Blume Ventures Blume is an early stage venture fund that backs startups with both funding as well as active mentoring. We typically invest in tech-led startups, led by founders who are obsessed with solving hard problems, uniquely Indian in nature, and impacting large markets. Our vision is to be the leading platform that sources, funds, nurtures, and creates value for India's brightest young startups – helping them blume. For more information, visit blume.vc Contact Details Sprinto Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://sprinto.com/

April 09, 2024 09:00 AM Eastern Daylight Time

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From AI To Foodtech, OurCrowd Brings More Opportunities To Investors With Three New Funds

OurCrowd

By Meg Flippin, Benzinga When it comes to transformative, revolutionary technology, AI is high on the list. After all, it impacts everything from how we craft research papers and emails to what we eat. It is also driving unprecedented deal-making with investment dollars pouring into AI and generative AI at a fast clip, with those investments also naturally spilling over into other impacted sectors like foodtech. OurCrowd, the leading global digital investment firm, captures all of those opportunities and more with three popular investment funds: The OurCrowd AI Fund, The OurCrowd FoodTech Fund and OC50 VIII. Through these funds, investors get access to the startups OurCrowd is making bets on in fast-growing markets like AI, foodtech and software-as-a-service, to name a few. Declared Israel’s “most active investor” for the past 10 years by PitchBook, OurCrowd has recorded 63 exits from 440 portfolio companies since its inception in 2013 and is invested in 410 additional companies via partner funds. It has more than 230,000 registered investors from 195 countries among its members. Through the OurCrowd platform, accredited investors can participate in a wide range of deals from individual startups to highly diversified funds, private equity, venture debt and other hard-to-access private market opportunities. OurCrowd gives investors access to multiple funds based on sector, stage, geography or investment thesis. Generative AI Transforming The World The OurCrowd AI Fund is one example of the types of opportunities OurCrowd offers. The $50 million fund seeks appreciation by investing in 20 to 25 AI startups on the OurCrowd platform using AI, generative AI and machine learning to positively impact multiple industries and sectors. The fund is focused on companies developing generative AI across several sectors, including medtech, mobility, agtech, cybersecurity, foodtech, climatech, legaltech and fintech. The fund will also invest in companies that provide AI solutions to support key business categories across technology sectors, including customer operations, marketing and sales, software engineering and R&D. OurCrowd sees a big opportunity for the startups operating in the generative AI space, pointing to ChatGPT to underscore the potential. “Since the release of OpenAI’s ChatGPT in November 2022 the interest in artificial intelligence (AI) and particularly in generative AI has surged. The remarkable success of ChatGPT is a testament to the power of product/market fit,” OurCrowd wrote in its investment prospectus for the fund. “Launched on November 30, 2022, it gained over 1 million users in just 5 days and reached 100M users in just 2 months. This level of mass adoption for a technology product is unprecedented, way outpacing previous tech innovative waves such as the PC (it took Apple 14 years and Microsoft 10 years to attain 100M users), Internet (Amazon – 12 years, Facebook 5 years and Google raised the bar to 1 year), Mobile (Instagram – 30 months and TikTok – 9 months).” To learn more about the OurCrowd AI Fund and to invest, click here. Technology Changing The Way We Eat Foodtech is another area OurCrowd is bullish about and so it has launched the OurCrowd FoodTech Fund. The fund is raising $30 million to invest in 15 to 20 food technology companies offered on the OurCrowd platform. OurCrowd says the foodtech market is booming, with a few areas of the market dominating, including bioengineering alternative proteins, supply-chain optimization, AI-driven smart home cooking products and delivery apps. The OurCrowd FoodTech Fund invests in a wide range of technology companies seeking to tackle the challenge of feeding the world’s fast-growing population while decarbonizing the global economy. Companies in the fund will also address new trends in culinary preferences, as well as lifestyle pressures and sustainability demands among Millennials and Generation Z. OurCrowd knows a thing or two about foodtech, which is what it says makes its fund attractive to accredited investors. The VC firm has invested more than $102 million across 20 foodtech companies worldwide, including Beyond Meat Inc. (NASDAQ: BYND), which had a successful IPO in 2019. Of its investments, nine are in Israel, which is a global leader in the number of alternative protein startups and amount invested, second only to the U.S. OurCrowd says it’s well positioned to leverage Israel’s cutting-edge leadership in the space via its network of entrepreneurs, scientists, third-party funds and dedicated in-house food and agtech incubators in Israel and New Zealand. Moreover, since 2021, OurCrowd has been among the ten most active VCs globally in foodtech, according to PitchBook data. To learn more about the OC FoodTech fund and how to invest click here. VC Access Through OurCrowd’s OC50 VIII Fund With so many startups in AI, foodtech and other areas of technology, it's not surprising that a lot of deal-making is going on. OurCrowd is giving investors access to that via its hyperdiversified OC50 VIII fund. Through the fund, investors get unprecedented broad exposure to the venture capital asset class across technology sectors where OurCrowd professionals have developed particular expertise, geographies where OurCrowd has developed networks of investors and global partners and across all development stages of startup companies from early-stage to pre-IPO. The investments cover several areas of tech including software-as-a-service (SaaS), fintech, medtech and digital health, mobility, cybersecurity and consumer and enterprise hardware. OurCrowd is leveling the playing field with the fund, giving investors access to venture deals long reserved only for institutional investors and elite VCs – offering instant diversification, rapid deployment of funds, earlier distributions and preferential access to the OurCrowd platform’s top deals. To invest in the OC50 VIII fund and learn more about its strategy click here. Beyond AI And Tech OurCrowd isn’t only focusing on AI and food tech, it's also adapting to geopolitical unrest, recently launching the $50 million Israel Resilience Fund. The fund is focused on startups that are directly affected by the Israeli/Hamas conflict or are developing solutions to address the environmental impact, emergency medicine, food security, cybersecurity, media monitoring, reconstruction and other verticals. That fund closed its first round 40 days after announcing, with $13 million in capital commitments. It's one of the fastest-closing venture funds to go from conception to closure and eight actual investments, according to OurCrowd. The fund plans to invest in about 40 companies and has so far helped to unlock more than $100 million in matching funds from other investors and government bodies. For an opportunity to get in early on the Israeli companies making a difference despite the Israeli/Hamas conflict click here. Change is happening at a dizzying pace driven by AI, generative AI and machine learning. Through these funds from OurCrowd, investors get early access to up-and-coming startups that have the potential to be the leaders of tomorrow. Click here to begin investing with OurCrowd. Featured photo by Steve Johnson on Unsplash. OurCrowd was started in 2013, driven by the idea that the business of building startups grows bigger and better when the global ‘crowd’ gains access to VC-level investment opportunities.Today, OurCrowd is a global venture and alternative investing platform that empowers institutions and individuals to invest and engage in emerging companies. OurCrowd vets and selects companies, invests its capital, and provides its global network with unparalleled access to co-invest and contribute connections, talent and deal flow. OurCrowd builds value for its portfolio companies throughout their lifecycles, providing mentorship, recruiting industry advisors, navigating follow-on rounds and creating growth opportunities through its network of multinational partnerships. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Lisa Graston lisa.graston@ourcrowd.com Company Website http://www.ourcrowd.com

April 09, 2024 08:45 AM Eastern Daylight Time

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National Comcast RISE Program Set to Give 100 Southeast Texas Small Businesses Grants, Tech-Makeovers, Marketing Support and More

Comcast Texas

Today, Comcast announced Houston would be one of five cities from which eligible small businesses can apply to its nationally recognized Comcast RISE program for the opportunity to receive business support grants. The program will provide a total of $500,000 in grants plus technology make-overs, marketing support, media schedules, coaching sessions and education support. “Small businesses are the backbone of our economy and are essential to building strong and thriving local communities,” said Loren Hudson, SVP and Chief Diversity Officer at Comcast. “Comcast RISE is proud to help strengthen and empower these businesses and entrepreneurs to expand and grow.” Beginning on May 1 through May 31, eligible businesses in Houston; Atlanta, GA; Southern Colorado; Jacksonville, FL and Richmond, VA can apply for a chance to receive a grant package at www.ComcastRISE.com. One hundred businesses per city, 500 in total, will be awarded business support grants that will include: COACHING SESSIONS - General business assessment and coaching that provides business owners with recommendations on how to grow their businesses. EDUCATION RESOURCES - 12-month access to online entrepreneurship courses, learning modules and resources for small business owners. MONETARY GRANT - $5,000 monetary grant. CREATIVE PRODUCTION & MEDIA - Turnkey production of a 30-second TV commercial, plus a media strategy consultation and 180-day media placement schedule. (Taxes and other fees may apply for production and media services.) COMCAST BUSINESS TECHNOLOGY MAKEOVER - Computer equipment, Internet, voice and cybersecurity services for 12 months. (Taxes and other fees may apply for tech makeover services.) Past Houston area Comcast RISE recipients include Mala Sichuan Bistro, LAMIK Beauty and 132 Design. “Comcast RISE came in with support at the perfect time. We didn't just expand our office and reach; we were instantly plugged into a community of support,” said Ashley Gomez, co-founder of 132 Design. “Being part of the Comcast RISE family truly opened the floodgates to new opportunities. Now we are helping to lift other businesses here in the city we love.” Comcast RISE is part of Project UP, the company’s comprehensive initiative to advance digital equity through programs and partnerships that connect people to the Internet, advance economic mobility and open doors for the next generation of innovators, entrepreneurs, storytellers and creators. Now in its fourth year, Comcast RISE has nationally awarded 13,500 small businesses over $125 million in monetary, marketing, and technology grants. More information and the applications to apply are available at www.ComcastRISE.com About Comcast Corporation: Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. About Comcast Business: Comcast Business offers a broad suite of technology solutions to keep businesses of all sizes ready for what’s next. With a range of offerings including connectivity, secure networking, advanced cybersecurity, and unified communications solutions, Comcast Business is partnering with business and technology leaders across industries and integrating Masergy, a leader in software defined networking, to help drive businesses forward. Backed by a next-generation network, Comcast Business has been recognized for its growth, innovation, and leadership in global secure networking. For more information, call 800-501-6000. Follow on X @ComcastBusiness and on other social media networks at http://business.comcast.com/social. Contact Details Comcast Texas ilona Carson +1 346-624-2074 Ilona_Carson@Comcast.com Company Website https://houston.comcast.com/

April 09, 2024 07:02 AM Central Daylight Time

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Analyst Wick Hints a Bitcoin Cash Comeback, KangaMoon Nears $4.5M, As Stacks Dips

Kangamoon

In a recent development, Crypto Analyst Wick sheds light on predictions for Bitcoin Cash during a compelling episode of the widely-followed Trading Alpha show. His analysis echoes sentiments expressed in previous discussions, prompting a closer examination of the current trend, particularly Bitcoin Cash's bullish stage 2 structure. Meanwhile, Stacks (STX) faces uncertainties as recent fluctuations spark concerns. On the horizon, KangaMoon (KANG) emerges as a top pick for the next bull run cycle, dazzling with a 290% surge and innovative features. As its community expands, analysts foresee a promising trajectory, solidifying KangaMoon's status as a crypto gem for 2024. KangaMoon (KANG): The Next Big Thing in April 2024? An upriser in the meme coin market, KangaMoon (KANG) has impressively risen above the majority of its peers. Among the multitude of new launches, KangaMoon stands out with its innovative features and remarkable performance during its ongoing presale phase. With over $4.2 million raised in presale funding, KangaMoon has captured the interest of investors seeking entry into its network. The surge in value of the KangaMoon token has been nothing short of remarkable. Within a few weeks of commencing its presale, the price of the KANG token has skyrocketed by an astounding 290%, climbing from an initial offering price of $0.005 to $0.0196 in the fifth stage. This rapid increase in value underscores the growing confidence in KangaMoon's vision and its potential to disrupt the meme coin space and the broader crypto market. With its unique blend of SocialFi and GameFi’s Play-to-Earn model, users can earn rewards in KANG tokens by participating in various battle contests and periodic social challenges. As KangaMoon's community continues to expand, boasting over 20K registered members, including over 6K token holders, it appears well-positioned for sustained growth. Meanwhile, analysts are optimistic about KangaMoon’s future, and predict it to surge at least 20X before the end of the year, thereby positioning it as a top crypto coin to watch in the coming months. Crypto Analyst Wick Suggests Predictions for Bitcoin Cash Price Crypto analyst Wick recently shared insights on Bitcoin Cash during a recent episode of the popular Trading Alpha show, echoing sentiments expressed in prior discussions. Now, the focus is on whether the current trend, marked by a bullish stage 2 structure, will hold. In the weekly price chart, Bitcoin Cash token reflected a little above 18% increase, trading from $557.3 to $699.9. Meanwhile, investors are eagerly watching for any shifts in market dynamics, ready to react accordingly. With significant potential movement ahead, all eyes are on Bitcoin Cash as it navigates this critical phase. With these projections, investors are closely monitoring whether Bitcoin Cash price will possibly cross the $700 price mark in the coming week. Stacks: Analysts Projection for the Road Ahead Stacks (STX) has been on quite a run lately, but there are concerns about its price movements. While Stacks price reflects over 9% gain in the past month, going from $2.25 to $3.8, recent movements tell a different story. Just in the last week, the native Stacks token took a nearly 5% hit, dropping from $3.45 to $3.27. Now, there are signs of a bearish pullback, which could put a damper on the current excitement. The trading volume for Stacks network is slowing down, indicating less action in the market. Still, there's a chance it could turn things around, especially considering its tie-in with Bitcoin as a layer 2 technology. Some analysts are hopeful that Stacks price could even hit $6 and rank as a top cryptocurrency in the second quarter. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://KangaMoon.com/ Join Our Telegram Community: https://t.me/KangaMoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

April 09, 2024 05:07 AM Central Daylight Time

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Prometheum.Prodigy's Prodigy Flip to Offer Security with Decentralized Multi-Chain Exchange

Rev Up Marketers

Prodigy Flip, an AI Mobile Crypto Trading application, is eagerly anticipated for release this Summer by the Prometheum.Prodigy team. With its decentralized multi-chain exchange, traders will have access to a platform where their assets are protected within Prodigy Flip’s Defi wallet. Additionally, the app offers state-of-the-art AI analytic tools, enabling traders to make informed decisions. The inclusion of the Prodigy AI robotic algorithmic trading assistant bot further enhances the trading experience, providing users with valuable assistance and support. The platform has offered an array of cutting-edge features and functionalities and is poised to revolutionize the way cryptocurrency traders engage with the market. One of the standout features of Prodigy Flip is its state-of-the-art AI analytic tools. These tools empower traders to make well-informed decisions based on comprehensive market analysis and insights. By harnessing the power of artificial intelligence, users can navigate the complexities of the cryptocurrency market with confidence and precision. Prometheum.Prodigy is underpinned by a robust economic model, with a total supply of 1,000,000,000 tokens. A portion of returns is allocated to marketing, development, and funding, while liquidity is locked to ensure stability and security. Additionally, token holders receive reflections as part of the platform's rewards program. Moreover, Prodigy Flip introduces the Prodigy AI robotic algorithmic trading assistant bot, elevating the trading experience. This intelligent bot serves as a valuable companion, providing users with invaluable assistance and support as they navigate the dynamic world of crypto trading. With its advanced capabilities, the Prodigy AI bot helps users optimize their trading strategies and maximize their potential for success. With Prodigy Flip, traders can truly experience the future of crypto trading. By combining cutting-edge technology with user-centric design, this platform sets a new standard for excellence in the cryptocurrency trading space. For more information about Prometheum.Prodigy and its revolutionary blockchain platform, please contact them on the Website | Telegram | CoinMarketCap | Dextools | Coingecko | Twitter About Prometheum.Prodigy: Prometheum.Prodigy, an AI Layer 2 blockchain platform built atop the Ethereum network, is poised to revolutionize the blockchain ecosystem. With a focus on enhancing scalability, transaction speed, and security within Ethereum, Prometheum.Prodigy leverages Cybersecurity and Artificial Intelligence (AI) technologies to ensure network safety and optimize performance. Contact Details Prometheum.Prodigy Prodi Proto Prometheumprodigy@gmail.com Company Website https://prometheumprodigy.org/

April 08, 2024 02:11 PM Eastern Daylight Time

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Rezolve targets Nasdaq listing as it pioneers AI for commerce and engagement

Rezolve

Rezolve founder and CEO Dan Wagner joins Proactive's Stephen Gunnion with details of the platform specialising in commerce and engagement through innovative use of mobile and desktop technologies. The company has developed a novel way for merchants to connect with consumers, notably through AI-generated watermarks in audio streams that prompt user engagement, and geofencing that triggers location-based interactions. It has been focusing on conversational AI, enabling seamless transactions like booking flights through voice commands. Despite the complexity of interpreting product descriptions, Rezolve has addressed AI challenges like model drift and hallucinations, securing three patents in the process. Wagner highlighted Rezolve's unique position in the AI space, particularly in preventing AI from malfunctioning, a problem noted in technologies developed by giants like OpenAI and Google. Recently, the company has attracted significant investment from Saudi Arabia's sovereign wealth fund, supporting expansion into sectors beyond retail and commerce. Additionally, the company has partnered with Handlerbund in Germany, leveraging Europe's largest online trade association to further distribute its technology. Wagner explained that Rezolve's revenue model revolves around three main products: Brain Commerce, Brain Checkout, and Brain Assistant, each catering to different aspects of digital commerce and corporate knowledge management. A business combination with Armada Acquisition Corp is underway, aiming for a Nasdaq listing, underscoring Rezolve's global ambition and technological prowess. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

April 08, 2024 11:06 AM Eastern Daylight Time

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Hive Digital Technologies sees uptick in Bitcoin and HODL growth in March moving to 2,287 bitcoins

HIVE Digital Technologies

Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to shared its unaudited production figures for Hive Digital Technologies for March 2024, along with updates on the company's Bitcoin holdings and mining operations. Holmes revealed that Hive Digital Technologies had approximately $160 million worth of Bitcoin on its balance sheet at the end of March 2024. The company increased its Bitcoin holdings by 10% during the month, with a HODL position of 2,287 Bitcoin on the balance sheet. In terms of mining capacity, Hive maintained over 4.5 Exahash ("EH/s") of Bitcoin mining capacity, on average, throughout March 2024. The company successfully mined 224 Bitcoin during the month using its state-of-the-art ASIC and GPU mining operations. Holmes highlighted that this achievement translates to an average of 49.7 Bitcoin per Exahash, showcasing the company's operational efficiency. The average hashrate remained consistent at 4.5 EH/s throughout the month, with an 11% increase in the monthly average hashrate compared to previous periods. On a daily basis, Hive averaged a production of 7.2 BTC per day, further demonstrating its robust mining capabilities. Additionally, Holmes emphasized that Hive Digital Technologies continues to lead the blockchain technology sector, focusing on enhancing mining efficiency and expanding its green energy-powered data center facilities across Canada, Sweden, and Iceland. With a strong emphasis on financial stability, growth, and innovation, Hive aims to navigate the volatile crypto market dynamics while ensuring balanced growth and value for its stakeholders. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 08, 2024 07:42 AM Eastern Daylight Time

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Vitalik Buterin Reveals Ethereum Update, Litecoin and KangaMoon Top Gainers This Week

Kangamoon

As Ethereum co-founder Vitalik Buterin announces network upgrades that are centered around simplification, security reinforcement, and operational efficiency for Ethereum network, investors are taking a position in Litecoin (LTC) and KangaMoon (KANG) at the start of the second quarter. In Particular, the Litecoin token is bouncing back from a recent downturn that suggests an imminent bullish reversal. On the other hand, KangaMoon has managed to raise substantial capital through its presale stage. Having crossed over the $4 million presale funding milestone, KangaMoon exhibits strong market presence and increasing adoption while offering huge potential in the meme coin and DeFi market. Vitalik Buterin Releases New Update For Ethereum (ETH) To Aid Seamless Usage Vitalik Buterin, co-founder of Ethereum, has just dropped updates and improvements to the Ethereum network. One important change is EIP-6780, which makes the network simpler and more secure by optimizing a certain code (SELFDESTRUCT). They also removed unnecessary code from the Ethereum network and used a method called "precompiles" to make certain tasks on Ethereum faster and more efficient. With Ethereum currently experiencing a declining momentum, these updates should help it regain some vigor due to how they’ll help Ethereum run smoother and safer now. Ethereum token is holding in a weekly price range of $3,315.21 and $3,664.36 despite declining by 8.52% this past week. KangaMoon (KANG) Completes Its Fourth Stage Presale As It Raises Over $4M in Revenue Pioneering the first GameFi and SocialFi platform in the meme coin space, KangaMoon (KANG) is burgeoning as the token has seen an impressive growth rate that is beyond expectations. Still in its presale phase, KangaMoon has just completed the fourth stage and is now entering the 5th stage presale with a new price of $0.0196 for each $KANG tokens. The recent rise in KangaMoon token to $0.0196 from its initial price of $0.005, marks a 290% ROI for early buyers of the token. Due to its monumental growth, investors are increasingly flocking to KangaMoon as its community of registered members now surpasses 20,000 with an average of 5,000 KANG holders recorded. As KangaMoon begins the 5th stage of its presale to set the pace for its Q2 plans, the token has amassed over $4M in presale funding with analysts predicting that it could break the $5M funding milestone before the end of April. Apart from its financial allure, KangaMoon is also attracting investors and traders from both the meme coin and DeFi market due to its social media community earning incentive. While in its presale, the social media earning incentive grants new and existing users KANG token in return for sharing posts and commenting on KangaMoon social media pages. This side attraction is only a tip of the iceberg, compared to the battle contests, gaming challenges which grants you opportunities to claim tokens prizes and rewards as well as NFTs in the main KangaMoon ecosystem. Litecoin (LTC) Recovers From A Brief Downturn in Price Despite mostly maintaining a bullish and positive momentum this past week, Litecoin token still fell to volatility as the token couldn’t avoid declining below its weekly highs, almost reaching its weekly support of $91.40, however, Litecoin quickly regained stance as it managed to total a 9.41% rise while it holds in a weekly price range of $88.40 and $110.85. In the past month, Litecoin has also been able to rise by 11.82%. With Litecoin futures currently listed on Coinbase and Bitcoin halving incoming, Litecoin holders can expect a potential price increase. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://KangaMoon.com/ Join Our Telegram Community: https://t.me/KangaMoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

April 07, 2024 11:00 AM Central Daylight Time

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Avalanche's Surge Sparks Raboo's (RABT) 100x Crypto Revolution Against a Backdrop of Tether's Stability

Total Media

With the crypto market expected to climb higher in the coming weeks, investors are hunting for the next 100x crypto. The bullishness surrounding Avalanche and Tether's ever-present stability has spurred investors to investigate the Raboo presale, and many like what they see. Projected to offer 233% gains in presale and a potential 100x explosion once it hits exchanges, hype around Raboo is growing fast. Here's why. Avalanche edges higher thanks to meme coin boom Avalanche (AVAX) is highly regarded as one of the top cryptos, currently boasting a hefty market cap of over $17.8 billion and a top-10 ranking. The Avalanche ecosystem is thriving, recently hitting nearly 1.6 million monthly active users—just shy of its December 2023 record. The Avalanche Foundation has also been flirting with meme coins, or "community coins," with stars like Kimbo and Coq Inu driving a jaw-dropping 140% price surge in Avalanche's price, from a January low of $27.24 to a high of $65.39. Though Avalanche has cooled to around $47 now, its recent spike and meme coin focus have helped light a fire under Raboo's presale. Tether stacks another 8889 BTC Tether (USDT) stands tall as the market's go-to stablecoin, boasting a whopping market cap of around $104 billion—surpassing the combined might of XRP, Dogecoin, and Cardano! While it might not be splashed across headlines daily, Tether's role in crypto's overall stability can't be overstated. A recent nugget from CoinDesk reveals Tether's acquisition of around 8,889 Bitcoin, beefing up its treasure trove to 75,354 Bitcoins valued at a cool $5.2 billion. This strategic move fortifies it against potential market shocks. For the savvy trader or investor, this spells security and stability, knowing Tether is more than equipped to handle crypto's wild ride. Raboo's SocialFi ecosystem could be a game-changer Amid Avalanche's surge, its growing focus on meme coins, and Tether's stability, the crypto community is now buzzing about Raboo's (RABT) electrifying new presale. Analysts are already whispering about Raboo being the next 100x crypto meme coin in 2024. As part of the booming generative AI market, projected by Bloomberg to hit a staggering $1.3 trillion within the decade, Raboo is crafting a SocialFi ecosystem unlike anything else. Through regular, exhilarating meme-generating competitions, participants showcase their creativity and also stand a chance to bag huge prizes with real-world value. Plus, for those meme aficionados out there, Raboo's Post-to-Earn platform turns social media skills into potential profits. Following a recent nod of approval from SolidProof, the buzz is undeniable. Experts are eyeing the 233% presale gains as just the tip of the iceberg, predicting Raboo to be the top crypto to watch. As it gears up for exchange listings later this year, early presale backers could see their gains multiplied as Raboo becomes the next 100x crypto. Conclusion With Avalanche retracing slightly and Tether offering the ongoing stability investors crave, it's no wonder that attention is now shifting to the Raboo presale. With a spot in two of crypto's fastest-growing markets—meme coins and AI—100x crypto profits could be on the cards for early investors. But act fast; the presale could sell out in a matter of weeks! You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

April 07, 2024 11:00 AM Eastern Daylight Time

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