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Press Release

Big Red Racing Stable Acquires First Elite Asset: Beechers Brook A, A Royally Bred Champion, Under the Guidance of Travis Alexander

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2 months ago

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Big Red Racing Stable proudly announces the acquisition of its first major real-world asset in the harness racing industry: *Beechers Brook A*. This significant addition to the Big Red ecosystem marks a pivotal step in Big Red’s evolution, as the project transitions into a fully real-world asset (RWA) ecosystem powered by blockchain technology.

This acquisition, in partnership with renowned harness racing trainer Travis Alexander, is a monumental moment for Big Red, signifying the start of its journey toward building an empire in horse racing on Web3. With over 1,000 career wins and $19 million in earnings, Alexander will oversee the training and racing of *Beechers Brook A*, a horse with elite bloodlines and a strong track record.

About Beechers Brook A: A Champion by Bloodline

*Beechers Brook A* boasts an extraordinary pedigree, making him a prime addition to the Big Red Racing Stable. His father, *SomeBeachSomeWhere*, is a legend in the industry, earning nearly $4 million after just one race season and continuing to leave a lasting legacy through his successful offspring. On the maternal side, *Beechers Brook A* is the progeny of *Cyclone Betty*, whose offspring have collectively earned over $1 million on the track.

This well-bred racehorse is expected to be a consistent performer, with Alexander set to train and race him in the coming weeks. *Beechers Brook A* was immediately transported to Alexander’s farm following the acquisition, where preparations for his racing debut under the Big Red Racing Stable are already underway.

$TD Token and Monthly Buyback & Burn Mechanism: Boosting Token Value

In addition to its pioneering efforts in horse racing, Big Red is introducing a unique financial model that ties the success of the racing stables directly to the value of the $TD token. Fifteen percent (15%) of the monthly profits generated by the Big Red Racing Stable will be allocated to a *buyback and burn mechanism* for the $TD token. This means that every month, profits from the stables will be used to purchase $TD tokens from the open market, which will then be burned, reducing the overall supply of the token.

This deflationary approach directly benefits $TD holders, as each buyback increases demand for the token, while the burning process permanently decreases supply. As the stables continue to earn profits, this cycle will strengthen the value of $TD, creating a sustainable and consistent upward pressure on its price. The $TD token, therefore, becomes more valuable as the stables expand and earn greater revenues, directly aligning the success of the horse racing operations with the token’s performance.

Expansion of the Big Red Racing Stable

Big Red’s strategic plan includes significant stable expansion to further strengthen the ecosystem. Out of a total of 300 NFTs released to fund the acquisition of *Beechers Brook A*, the Big Red treasury has purchased 100 NFTs. The proceeds and rewards from these NFTs will be reinvested into the expansion of the stable, allowing Big Red to acquire additional racehorses. This commitment to growing the racing division ensures a steady influx of real-world profits, which not only benefits the stable’s operations but also enhances the overall value of the Big Red ecosystem.

As Big Red Racing Stable continues to acquire and race elite horses, the project will thrive in unprecedented ways within the Web3 space. The combination of a profitable real-world racing stable, a deflationary token model, and innovative NFT-backed ownership offers a fresh perspective on how Web3 projects can integrate RWAs to deliver passive income and long-term value to their community.

Big Red Racing NFTs: Exclusive Opportunity for Passive Income

Big Red Racing NFTs, a limited edition of only 300, represent a rare opportunity for investors and Web3 enthusiasts to own a piece of the harness racing industry through blockchain technology. Of the total supply, only 200 NFTs are available to the public, as 100 have been purchased by Big Red’s treasury to support the expansion of the stable. Initially priced at $600 each upon release, these NFTs sold out instantly, demonstrating high demand and excitement among the community.

While the current resale value of these NFTs has significantly increased, no NFT holder has chosen to sell, recognizing the potential for life-changing passive income as the Big Red ecosystem continues to grow. These NFTs offer a unique chance to earn substantial rewards tied to the success of the racing stable, making them not just digital collectibles but a valuable investment opportunity.

In an exciting collaboration, Big Red is proud to reveal that the artwork for these limited-edition NFTs is being crafted by none other than legendary comic book artist Mike Miller. Known for his exceptional work with Marvel Comics and DC Comics, including *Injustice: Gods Among Us*, Miller brings his renowned artistic talent to the world of Web3. The stunning artwork he has designed for the Big Red Racing NFTs captures the essence of both the power and grace of horse racing, making each NFT not only a financial asset but also a work of art.

A Game-Changing Moment for Big Red

The acquisition of *Beechers Brook A* marks a transformative moment for Big Red as it enters the harness racing industry. By blending traditional horse racing with blockchain technology, Big Red is set to establish itself as a first mover in this space. This move further solidifies the project’s position as a pioneering force on the Avalanche blockchain ($AVAX), where it will continue to build partnerships and open new doors with the support of the Avalanche Foundation.

“We’re thrilled to welcome *Beechers Brook A* to our racing stable and to see the ways this addition will benefit our entire ecosystem,” said Naim S., CEO of Big Red. “This is the first of many racehorses that will drive real-world success, providing our community with passive income and increasing the value of the $TD token. The future is incredibly bright for Big Red, and we’re just getting started.”

As Big Red grows into one of the largest and most innovative projects on $AVAX, the team looks forward to breaking new ground, expanding its stable, and setting new standards in the intersection of real-world assets and Web3.

About Big Red

Big Red is a leading Web3 project that bridges real-world assets and blockchain technology, providing unique opportunities for users to earn passive income. With a focus on harness racing, Big Red Racing Stable allows NFT holders to participate in the industry’s profits through fractional ownership of racehorses, supported by Avalanche’s secure and efficient blockchain.

Twitter: https://twitter.com/BigRed_TD

Telegram: https://t.me/thebigredtd

Racing Stable: http://www.bigredracingstable.com/

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Press Release

How Bitcoin’s price rise has increased the number of cryptocurrency payments 

Published

2 days ago

on

November 19, 2024

By

NOWPayments Announces Significant Gain in Crypto Payments

NOWPayments, a leading crypto payment gateway, is excited to announce the significaте Increase of Crypto Payments since the beginning of November. 

Why Bitcoin took a new ATH in November?

Starting in January 2024, Bitcoin’s price was around $48,717, marking a period of cautious optimism following a tumultuous 2023. Throughout the first half of the year, Bitcoin experienced significant fluctuations as market dynamics shifted, driven by regulatory developments and increased institutional interest. By November 2024, Bitcoin had reached a pivotal moment, hitting an all-time high (ATH) of $75,000 on November 8 and then surging to $89,000 shortly thereafter.

This remarkable growth didn’t go unnoticed by the business world. Companies across various industries quickly recognized the massive business opportunity Bitcoin presented. The ATH sent a clear message: Bitcoin was no longer just a speculative asset but a powerful tool for transactions, store of value, and an entry point into the broader crypto economy.

Businesses’ interest in Bitcoin grew for several reasons:

  • Increased Institutional Adoption: Major financial institutions rolled out Bitcoin-based services, providing legitimacy and opening doors for mainstream use.
  • Global Payment Integration: Bitcoin’s borderless nature appealed to businesses seeking efficient, low-cost cross-border transactions, particularly as inflation and currency instability impacted traditional fiat systems.
  • Hedge Against Inflation: As global economies faced ongoing inflationary pressures, Bitcoin became a preferred asset for protecting wealth, especially for businesses looking to diversify holdings.

Climbing to $75K

The journey to $75,000 began with a series of positive developments in the cryptocurrency market. Following the approval of Bitcoin Spot ETFs and increased institutional buying, Bitcoin’s price steadily climbed. On November 7, 2024, Bitcoin reached approximately $76,999 before closing at around $75,820. This surge was fueled by a bullish market sentiment as investors reacted positively to the election results and anticipated regulatory clarity under Trump’s administration.

Breaking Through $80K

Following its initial surge to $75K, Bitcoin quickly surpassed the $80,000 mark on November 10, 2024. The momentum continued as traders rushed to capitalize on the positive sentiment surrounding the cryptocurrency. By this point, BTC was trading at approximately $80,976, reflecting an increase of nearly 9.64% from the previous day.

Approaching a New BTC All Time High at $90K

As of November 12, 2024, Bitcoin’s price soared to around $89,000. This represents a staggering increase within just a few days following the election and highlights the cryptocurrency’s volatility and potential for rapid gains. The combination of strong demand from both retail and institutional investors has driven BTC prices higher as they anticipate further growth.

How has the new ATH for BTC led to an increase in crypto payments?

We decided to analyse how the rise in the price of the main cryptocurrency – BTC affected the number of payments. NOWPayments team took the number of payments before the U.S. election and compared it with the data after the Trump has won. The result exceeded all expectations. Thanks to the growth of BTC from $72,729.89 to $90,750.94, the number of payments increased by as much as 8%. This significant change indicates the increased interest in cryptocurrency and the correlation of BTC price and cryptocurrency usage.

  1. Correlation Between BTC Price and Crypto Payments:

The 8% increase in the number of payments demonstrates a clear correlation between Bitcoin’s price growth and the rising adoption of cryptocurrency for transactions. As BTC’s value surged, so did user engagement with crypto payments.

  1. Increased Interest in Cryptocurrency:

The significant rise in payments highlights growing public and business interest in cryptocurrencies as a viable payment method, especially during moments of market optimism fueled by events like the U.S. election.

  1. Market Events Drive Crypto Adoption:

The post-election Bitcoin rally, combined with its ATH, underscores how political and economic events can directly impact crypto adoption, encouraging more users to explore cryptocurrency as both an investment and a practical payment tool.

About NOWPayments
NOWPayments is a leading crypto payment gateway providing easy and secure payment solutions for businesses around the world. With support for over 300 cryptocurrencies and features like auto coin conversion, donation widgets, and e-commerce plugins, NOWPayments offers flexible and robust payment tools for businesses of all sizes.

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Press Release

Mizzle Partners with InFlux Technologies to Power DePIN Platform with Decentralized Cloud Infrastructure and Advanced Computing Resources 

Published

2 days ago

on

November 19, 2024

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  • Partnership to provide decentralized computing resources, enhancing platform scalability, security and high availability for distributed services


InFlux Technologies (Flux), a leading global decentralized technology company specializing in cloud infrastructure, artificial intelligence, and decentralized cloud computing services, today announced a partnership with Mizzle, a pioneering decentralized physical infrastructure network (DePIN) platform.

Under the partnership agreement, Flux will provide decentralized computing resources including CPU, GPU, storage and network capacity as required by Mizzle for its platform operations. This includes support for distributed applications and services, ensuring high availability, scalability and security. The agreement also includes monitoring and management of Mizzle’s infrastructure to ensure optimal performance along with maintenance and upgrades of the infrastructure as needed. Mizzle will work toward an estimated spend of $500,000-plus per year post-launch, with an estimated launch of January 2025.

“This partnership represents a key step in our commitment to delivering decentralized computing solutions at scale. By supplying Mizzle with essential resources, we are ensuring the platform’s ability to maintain high availability, scalability, and security. This agreement highlights the growing demand for decentralized infrastructure and demonstrates its practical applications in supporting distributed services,” said InFlux Technologies CEO and Co-founder, Daniel Keller.

Mizzle is a hyper-efficient CI/CDwith no-code development operations which simplifies server management allowing teams to innovate and scale without operational hurdles. Its confidential computing experience carries unmatched security with TEEs, eBPF and decentralized cloud compute, keeping data and operations fully protected. Mizzle has advanced storage and benefits from decentralized cloud storage enhanced with zero knowledge proofs and fully homomorphic encryption. The company is quantum ready with edge computing, is IoT-ready and committed to green computing.

Flux ensures a minimum uptime of 99.99% of decentralized infrastructure services, barring any outages or maintenance windows and offers technical support to integrate and manage the compute resources. Flux offers data security and compliance and complies with all relevant data and security regulations, ensuring the infrastructure is designed to meet regulation standards.

“We are excited to partner with InFlux Technologies, taking a key step toward advancing decentralized cloud solutions. By combining Mizzle’s technology with Flux’s expertise, we will drive greater value for enterprises and governments worldwide. Together, we are shaping the future of decentralized applications and empowering innovation across the ecosystem.,” said Founder of Mizzle Arjun Mishra.

About Mizzle


Mizzle is a DePIN platform designed to empower developers with no-code DevOps. We enable atomic and horizontal scaling of compute and storage, ensuring unparalleled flexibility and performance. Our platform combines advanced AI-driven infrastructure management with trusted execution environments (TEEs), leveraging eBPF technology for real-time protection and monitoring. We also incorporate state-of-the-art cryptographic techniques, including Fully Homomorphic Encryption and Zero-Knowledge Proofs, to guarantee maximum data privacy and security. As we move into the quantum era, with a strong commitment to Green computing (ESG), Mizzle is your trusted partner for scalable, secure, and efficient decentralized infrastructure.

For more information, visit the company’s website at www.mizzle.io.

About InFlux Technologies

InFlux Technologies (Flux) is powering a decentralized Web3 cloud infrastructure composed of user-operated, scalable, and globally distributed computational nodes. Flux provides the critical, high-availability infrastructure for the New Internet. The Flux service offers a fully decentralized alternative to some of the world’s largest cloud infrastructure providers while offering competitive pricing. Flux is committed to developing disruptive solutions that empower individuals and businesses in the blockchain industry, emerging technologies like AI, and the broader technology space worldwide.

For more information, visit the company’s website at www.runonflux.com.

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Press Release

Digital Assets Underinsured: Report Identifies $19 Billion Coverage Deficit, Less Than 3% Secured

Published

3 days ago

on

November 18, 2024

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A recent report, Furthering Digital Assets 2024: Pioneering Insurance Solutions for the Web3 Era, highlights a substantial coverage gap in digital asset insurance, revealing that only 3% of digital assets are currently insured. This gap leaves billions at risk, with an estimated $19 billion in losses from fraud and security breaches since 2011.

The report emphasizes significant incidents that illustrate the vulnerability in the sector. These include a $650 million breach at Ronin in March 2022 and a $614 million loss from PolyNetwork in August 2021. As investments in digital assets increase, so does the call for comprehensive risk management solutions, particularly from institutional stakeholders.

With more than 90% of crypto hedge funds expressing a desire for mandatory insurance on exchange-based assets and around 40% of institutional investors now holding cryptocurrency, the demand for tailored insurance products is clear. Further Ventures, the report’s creator, points to a growing interest from institutions seeking ways to protect their digital assets through robust insurance policies.

The report also sheds light on recent regulatory responses. The Hong Kong Monetary Authority (HKMA), for example, has set mandates for digital asset custodians, requiring 50% insurance coverage on cold storage and 100% on hot wallets. Despite these initiatives, high premiums remain a challenge, with average rates around 0.5%-5% for custody insurance and 5-10% for slashing events and Directors & Officers (D&O) policies.

According to the report, addressing the insurance gap in the digital assets industry will likely require innovation in policy structure, more accessible premium rates, and a regulatory environment that supports the development of effective, comprehensive solutions. As the sector evolves, insurance options may play a critical role in fostering institutional confidence and broader adoption of digital assets.

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