PrimeXBT: A Comprehensive Review of the Multi-Asset Trading Platform



News Publisher
Jul 20, 2024 12:54

PrimeXBT is a 2018-founded platform offering trading services for cryptocurrencies, forex, commodities, and stock indices. It offers high leverage options, advanced charting tools, and copy trading functionality. Despite competitive fees, 24/7 customer support, and a mobile app, it lacks regulatory oversight and has limited fiat currency options for deposits and withdrawals. It caters to both novice and experienced traders.





Introduction

In the rapidly evolving landscape of online trading platforms, PrimeXBT has emerged as a notable player, offering a comprehensive suite of trading services across multiple asset classes. This review aims to provide an in-depth analysis of PrimeXBT, examining its features, user experience, security measures, and overall performance in the competitive world of digital trading.

Founded in 2018, PrimeXBT has quickly gained traction in the market, boasting over 1 million active users worldwide. The platform’s primary appeal lies in its ability to offer trading services for a diverse range of financial instruments, including cryptocurrencies, forex, commodities, and stock indices, all within a single, unified interface.

Visit PrimeXBT

 

PrimeXBT homepage, Source: PrimeXBT 

 

Platform Overview

 

PrimeXBT positions itself as an all-in-one trading solution, catering to both novice and experienced traders. The platform’s core offerings include:

 

1. Cryptocurrency Trading: CFDs and futures contracts for major cryptocurrencies

2. Forex Trading: Access to major, minor, and exotic currency pairs

3. Commodities: Trading in gold, silver, oil, and other popular commodities

4. Stock Indices: CFDs on major global stock indices

 

CFD Trading, Source: PrimeXBT 

 

One of PrimeXBT’s distinguishing features is its high leverage offerings, with up to 200x leverage available on certain cryptocurrency pairs and up to 1000x on some forex pairs. While this presents opportunities for significant gains, it also comes with heightened risk, especially for inexperienced traders.

 

 

User Interface and Experience

 

PrimeXBT’s user interface is designed with both functionality and aesthetics in mind. The platform adopts a dark mode theme, which is often preferred by traders for reduced eye strain during extended trading sessions. The main dashboard provides a comprehensive overview of market data, open positions, and account balances.

 

Key components of the user interface include:

 

1. Customizable Charts: Powered by TradingView, the charting tools offer a wide range of technical indicators and drawing tools for in-depth market analysis.

 

2. Order Book: Real-time order book data provides insight into market depth and liquidity.

 

3. Position Management: Easy-to-use tools for managing open positions, including the ability to set stop-loss and take-profit orders.

 

4. Asset Selection: A well-organized menu for quick navigation between different asset classes and trading pairs.

 

5. Account Overview: Clear presentation of account balances, margin levels, and open positions across different account types (e.g., CFD trading, crypto futures, copy-trading).

 

PrimeXBT futures trading dashboard, Source: PrimeXBT 

 

The platform’s layout is intuitive, allowing for easy navigation between different sections such as trading, account management, and educational resources. New users may find the wealth of information and options initially overwhelming, but the logical organization of features helps mitigate this potential issue.

Visit PrimeXBT

image.png

Trading Features and Tools

 

PrimeXBT offers a robust set of trading features designed to cater to various trading styles and strategies:

 

1. Advanced Order Types: Besides standard market and limit orders, PrimeXBT supports stop orders, OCO (One-Cancels-the-Other) orders, and trailing stop orders.

 

2. Leverage Trading: As mentioned earlier, high leverage options are available, allowing traders to amplify their market exposure. However, this also increases the risk of significant losses.

 

3. Short Selling: The ability to short-sell assets provides opportunities to profit from downward price movements.

 

4. Copy Trading: This feature allows users to automatically replicate the trades of successful traders on the platform. The copy trading interface displays detailed performance metrics, including total return, number of active days, and a visual representation of the strategy’s performance over time.

 

PrimeXBT copy trading dashboard, Source: PrimeXBT

 

5. Trading Contests: Regular competitions add an engaging element for active traders, potentially offering rewards and incentives.

 

6. Demo Account: A practice account with virtual funds allows new users to familiarize themselves with the platform without risking real capital.

 

7. Mobile Trading: A mobile app is available for both iOS and Android devices, enabling trading on the go.

 

Asset Coverage

 

PrimeXBT’s multi-asset approach is one of its key strengths. The platform offers trading in:

 

1. Cryptocurrencies: Major coins like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as well as various altcoins.

 

2. Forex: Over 50 currency pairs, including majors, minors, and exotics.

 

3. Commodities: Gold, silver, oil, natural gas, and other popular commodities.

 

4. Stock Indices: Major global indices such as S&P 500, NASDAQ, FTSE 100, and Nikkei 225.

 

This diverse asset coverage allows traders to implement various strategies and potentially benefit from movements across different markets.

 

Fees and Commissions

 

PrimeXBT employs a competitive fee structure:

 

1. Trading Fees: The platform charges a flat fee of 0.05% for cryptocurrency trades, which is relatively competitive in the market. Forex and commodities trades incur lower fees, typically around 0.001%.

 

2. Deposit Fees: No fees are charged for depositing funds into the platform.

 

3. Withdrawal Fees: A small fee is applied to withdrawals, varying depending on the cryptocurrency being withdrawn.

 

4. Overnight Financing: For positions held open overnight, a financing fee is charged, which varies based on the asset and current market conditions.

 

5. Inactivity Fee: There is no inactivity fee, which is a positive aspect compared to some competitors.

 

It’s worth noting that the fee structure is transparent and easily accessible on the platform, allowing traders to factor these costs into their strategies.

 

Security Measures

 

Security is a critical concern for any online trading platform, and PrimeXBT implements several measures to protect user funds and data:

 

1. Cold Storage: The majority of user funds are stored in offline, cold wallets to mitigate the risk of hacking.

 

2. Two-Factor Authentication (2FA): Users can enable 2FA for an additional layer of account security.

 

3. Address Whitelisting: Withdrawal addresses must be whitelisted, adding an extra safeguard against unauthorized withdrawals.

 

4. SSL Encryption: The platform uses industry-standard SSL encryption to protect data transmission.

 

5. Cloudflare Protection: Implementation of Cloudflare services helps protect against DDoS attacks.

 

While these security measures are commendable, it’s important to note that no system is completely immune to risks. Users should always practice good security hygiene, such as using strong, unique passwords and enabling all available security features.

 

Regulatory Compliance

 

One area of potential concern is PrimeXBT’s regulatory status. The platform is not regulated by major financial authorities, which may be a drawback for some users who prefer the additional protections offered by regulated entities. The company is registered in the Seychelles, which has less stringent regulatory requirements compared to some other jurisdictions.

 

This lack of regulation means that users do not benefit from certain protections, such as investor compensation schemes, that might be available on regulated platforms. However, it’s worth noting that many cryptocurrency exchanges operate in similar regulatory environments due to the evolving nature of cryptocurrency regulations globally.

 

Customer Support and Resources

 

PrimeXBT offers several channels for customer support:

 

1. 24/7 Live Chat: Real-time assistance is available through the platform’s live chat feature.

 

2. Email Support: For more complex queries, users can reach out via email.

 

3. Help Center: A comprehensive FAQ section and knowledge base are available for self-service support.

 

4. Blog and Educational Resources: The platform provides articles, guides, and market analysis to help users enhance their trading knowledge.

 

The responsiveness and quality of customer support can significantly impact user experience, especially for newcomers to trading. While individual experiences may vary, the availability of 24/7 support is a positive feature.

 

Copy Trading Feature

 

PrimeXBT’s copy trading functionality deserves special mention as it’s one of the platform’s standout features. This system allows less experienced traders to automatically replicate the trades of successful investors on the platform. Key aspects of this feature include:

 

1. Performance Metrics: Detailed statistics on each strategy’s performance, including total return, daily performance, and number of active days.

 

2. Risk Management: Users can set maximum drawdown levels and allocate specific amounts to each strategy they follow.

 

3. Strategy Diversity: A wide range of strategies are available, catering to different risk appetites and trading styles.

 

4. Transparency: Clear display of a strategy’s trading history and current positions.

 

This feature can be particularly appealing for newcomers to trading or those looking to diversify their trading approach. However, it’s crucial to remember that past performance doesn’t guarantee future results, and copied trades carry the same risks as direct trading.

 

Mobile Trading App

 

PrimeXBT offers a mobile app for both iOS and Android devices, allowing users to trade on the go. The app replicates most features of the web platform, including:

 

1. Real-time market data and charts

2. Order placement and management

3. Account overview and fund management

4. Copy trading functionality

5. Price alerts and notifications

 

PrimeXBT fund dashboard, Source: PrimeXBT

 

The mobile app’s user interface is consistent with the web version, maintaining the dark theme and intuitive layout. This consistency helps users transition seamlessly between desktop and mobile trading.

Visit PrimeXBT

 

Deposit and Withdrawal Options

 

PrimeXBT supports various methods for funding accounts and withdrawing profits:

 

1. Cryptocurrency Deposits: Users can deposit Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and Covesting (COV) directly from their personal wallets.

 

2. Fiat Currency Options: Through third-party providers, users can purchase cryptocurrencies using bank cards or bank transfers in USD, EUR, and GBP.

 

3. Withdrawals: Currently, withdrawals are processed in cryptocurrencies only. This may be a limitation for users who prefer direct fiat currency withdrawals.

 

The lack of direct fiat currency deposit and withdrawal options might be a drawback for some users, especially those new to cryptocurrencies. However, this is not uncommon among crypto-focused trading platforms.

 

Platform Performance and Reliability

 

The performance of a trading platform in terms of speed and reliability is crucial, especially for high-frequency traders or those using leveraged positions. PrimeXBT claims to offer:

 

1. High Liquidity: By aggregating liquidity from multiple sources, the platform aims to provide competitive spreads and minimize slippage.

 

2. Fast Execution: The platform boasts of low-latency trade execution, which is essential for taking advantage of short-term market movements.

 

3. Stable Infrastructure: Built on a proprietary trading engine, PrimeXBT aims to provide a stable trading environment even during periods of high market volatility.

 

While these claims are promising, individual experiences may vary based on factors such as internet connection, market conditions, and the specific assets being traded.

 

Pros and Cons

 

Pros:

1. Wide range of tradable assets across multiple markets

2. High leverage options for experienced traders

3. User-friendly interface with advanced charting tools

4. Innovative copy trading feature

5. No KYC requirements for basic account creation

6. Competitive fee structure

7. 24/7 customer support

 

Cons:

1. Lack of regulation by major financial authorities

2. High leverage can lead to significant losses for inexperienced traders

3. Limited fiat currency options for deposits and withdrawals

4. Not available in certain jurisdictions, including the United States

5. No options for direct ownership of cryptocurrencies (only CFDs and futures)

 

PrimeXBT Brand, Source: PrimeXBT 

 

Conclusion

 

PrimeXBT presents itself as a comprehensive trading platform, offering a wide range of features and assets that cater to both novice and experienced traders. Its strengths lie in its user-friendly interface, diverse asset offerings, innovative copy trading feature, and competitive fee structure.

 

The platform’s high leverage options and multi-asset approach provide flexibility for traders looking to implement various strategies. The addition of copy trading functionality opens up opportunities for less experienced users to learn from and potentially profit alongside successful traders.

 

However, potential users should be aware of the risks associated with leveraged trading and the platform’s regulatory status. The lack of regulation by major financial authorities may be a concern for some, particularly those who prioritize the additional protections offered by regulated entities.

 

PrimeXBT’s focus on cryptocurrency-based transactions for deposits and withdrawals aligns with its crypto-centric approach but may present a barrier for traders more comfortable with traditional fiat currency operations.

 

Overall, PrimeXBT offers a robust set of tools and features that can appeal to a wide range of traders, particularly those interested in cryptocurrency and multi-asset trading. As with any trading platform, potential users should carefully consider their own trading goals, risk tolerance, and regulatory requirements before committing to use the service.

 

In the fast-paced world of online trading, PrimeXBT has carved out a niche by offering a blend of cryptocurrency and traditional market access, coupled with advanced features like copy trading. Its continued growth and substantial user base suggest that it has successfully met the needs of a significant segment of the trading community. However, as always, traders should approach with caution, conduct thorough research, and never risk more than they can afford to lose.

Visit PrimeXBT

Image source: Shutterstock


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Trudy Ederle: American swimmer who became the first woman to swim the English Channel

Actress Daisy Ridley talks to Sky Sports News’ Sam Boggon about playing Trudy Ederle in ‘Young Woman and the Sea’, Ederle was the first woman to swim across the English Channel almost 100 years ago; Ridley also talks about equality in women’s sport

Last Updated: 17/07/24 5:05pm


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Daisy Ridley chats to Sky Sports about ‘Young Woman and the Sea’, a film that tells the incredible story of Trudy Ederle, the first woman to swim the English Channel

Daisy Ridley chats to Sky Sports about ‘Young Woman and the Sea’, a film that tells the incredible story of Trudy Ederle, the first woman to swim the English Channel

On August 6, 1926, American swimmer Gertrude ‘Trudy’ Ederle took on an unthinkable challenge that would change the landscape of women’s sport forever.

Trudy started swimming competitively as a teenager becoming the youngest world record holder in the freestyle event before rising through the US ranks to qualify for the 1924 Olympics in Paris.

She won three medals at the Games including gold in the 4x100m freestyle relay before attempting to make history and become the first woman to swim the English Channel.

Gertrude 'Trudy' Ederle pictured before her attempt at swimming the English Channel

Gertrude ‘Trudy’ Ederle pictured before her attempt at swimming the English Channel

After being pulled out of the water during her first attempt, Trudy changed her coach and trained with Englishman Bill Burgess, one of five men to successfully swim the Channel at the time.

Trudy made sporting history a year later on her second attempt completing the swim in a time of 14 hours and 31 minutes, breaking the men’s record by almost two hours in a groundbreaking sporting moment.

New York City honoured her achievement in August 1926 with their first ticker-tape parade for a woman. It was the biggest parade for an athlete in New York as over two million people came out to cheer her success.

Now her story is being brought back to life in ‘Young Woman and the Sea’, produced by Jerry Bruckheimer with actress Daisy Ridley playing the role of Trudy in a powerful film that showcases overcoming challenges and prejudice to achieve something remarkable.

“A lot of women have been lost to history so being able to play one of those women is wonderful,” Ridley told Sky Sports News, as the Star Wars actress described how much she enjoyed the role of revealing Trudy’s story to the world.

“There is a wonderful message in there because we are honouring someone who is real and did something that she was told she couldn’t do.”

'Young Woman and the Sea' tells the extraordinary story of Gertrude 'Trudy' Ederle, the first ever woman to swim the English Channel available now on Disney+

‘Young Woman and the Sea’ tells the extraordinary story of Gertrude ‘Trudy’ Ederle, the first ever woman to swim the English Channel available now on Disney+

Ridley herself only became aware of the story behind the film when the script was introduced to her based on Glenn Stout’s book and with the film now available to watch on Disney+, she told Sky Sports News of her disbelief that she and her colleagues had not heard of her before.

“People don’t know about her now and it was only 100 years ago which seems just bonkers.

“What she did was so monumental and at the time that she did it in, she probably changed women’s sport in a way that she could never have imagined.”

Daisy Ridley stars as Trudy Ederle in Disney's 'Young Woman and the Sea'

Daisy Ridley stars as Trudy Ederle in Disney’s ‘Young Woman and the Sea’

Ridley hopes that Trudy’s inspirational sporting story can positively impact society again and be a force of good for young people from any background to overcome adversity and follow their dreams.

“She did something women were fundamentally told they couldn’t do and the psychological barriers she broke when she did it allowed other people to think that it was possible,” Ridley said.

“Hopefully this film inspires everyone. If you’ve been told you can’t do it, if you’ve been told no, if you feel like your dream is unattainable but you want to try, just try.”

Gertrude Ederle enters the water with body greased and wearing goggles for the start of her record-breaking swim across the English Channel

Gertrude Ederle enters the water with body greased and wearing goggles for the start of her record-breaking swim across the English Channel

With the Paris Olympics later this month, we will see a 50-50 split in male and female athletes for the first time in Olympic history which Ridley believes is a sign that we are moving in the right direction with gender equality in sport.

“We still have a long way to go in terms of equity in sport but we are getting there and with the Lionesses’ success in the past couple of years that’s started such a big conversation,” she said.

“The Olympics having 50-50 split is amazing and the fact is people love sport full stop so there should be room for everybody in that.”

Gertrude 'Trudy' Ederle during her attempt to become the first woman to swim the Channel

Gertrude ‘Trudy’ Ederle during her attempt to become the first woman to swim the Channel

When Trudy faced struggles during her swimming career, she relied on the support of her sister Margaret [Meg] who initially got her into the sport and encouraged her to try longer distances before the Channel swim.

Ridley draws on this family bond as one of the most important themes in the story, allowing her to believe that she could achieve her dreams when women were seen as not physically capable of competing in male-dominated sports.

“When Tilda – who plays Meg – decides to get in the sea and race Trudy to keep up her spirits, there are such beautiful individual moments that people respond to,” she said.

“There was just such a support system around her and it is important to honour the people who helped her do it.”

Trudy showed perseverance and broke barriers after being told she was not strong enough to swim the Channel as she faced obstacles ahead of her second attempt, with the public perception that no woman could succeed where many men had failed.

Ridley believes this is a testament to Trudy’s resilience and spirit as she would not be discouraged despite everyone saying she couldn’t do it.

“When she attempts the swim for the second time she knew she was able to do it and that was what she wanted to do,” Ridley said.

“There were still going to be hurdles to overcome but that was her goal and she was going to reach it or die trying.”

Gertrude 'Trudy' Ederle became known by the press as 'Queen of the Waves' following her successful English Channel swim

Gertrude ‘Trudy’ Ederle became known by the press as ‘Queen of the Waves’ following her successful English Channel swim

After her historic swim, Trudy went on to star in movies and perform in vaudeville theatre shows before seriously injuring her back forcing her to retire from competitive swimming.

She suffered permanent hearing damage from her Channel swim but continued to inspire as she started teaching deaf children how to swim in New York City and shared her love of the sport with others who faced similar difficulties.

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Building Real-Time Language Translation with AssemblyAI and DeepL in JavaScript



Ted Hisokawa
Jul 14, 2024 05:20

Learn how to create a real-time language translation service using AssemblyAI and DeepL in JavaScript. Step-by-step guide for developers.





In a comprehensive tutorial, AssemblyAI offers insights into creating a real-time language translation service using JavaScript. The tutorial leverages AssemblyAI for real-time speech-to-text transcription and DeepL for translating the transcribed text into various languages.

Introduction to Real-Time Translation

Translations play a critical role in communication and accessibility across different languages. For instance, a tourist in a foreign country may struggle to communicate if they don’t understand the local language. AssemblyAI’s Streaming Speech-to-Text service can transcribe speech in real-time, which can then be translated using DeepL, making communication seamless.

Setting Up the Project

The tutorial begins with setting up a Node.js project. Essential dependencies are installed, including Express.js for creating a simple server, dotenv for managing environment variables, and the official libraries for AssemblyAI and DeepL.

mkdir real-time-translation
cd real-time-translation
npm init -y
npm install express dotenv assemblyai deepl-node

API keys for AssemblyAI and DeepL are stored in a .env file to keep them secure and avoid exposing them in the frontend.

Creating the Backend

The backend is designed to keep API keys secure and generate temporary tokens for secure communication with the AssemblyAI and DeepL APIs. Routes are defined to serve the frontend and handle token generation and text translation.

const express = require("express");
const deepl = require("deepl-node");
const { AssemblyAI } = require("assemblyai");
require("dotenv").config();

const app = express();
const port = 3000;

app.use(express.static("public"));
app.use(express.json());

app.get("https://blockchain.news/", (req, res) => {
  res.sendFile(__dirname + "/public/index.html");
});

app.get("/token", async (req, res) => {
  const token = await client.realtime.createTemporaryToken({ expires_in: 300 });
  res.json({ token });
});

app.post("/translate", async (req, res) => {
  const { text, target_lang } = req.body;
  const translation = await translator.translateText(text, "en", target_lang);
  res.json({ translation });
});

app.listen(port, () => {
  console.log(`Listening on port ${port}`);
});

Frontend Development

The frontend consists of an HTML page with text areas for displaying the transcription and translation, and a button to start and stop recording. The AssemblyAI SDK and RecordRTC library are utilized for real-time audio recording and transcription.

<!DOCTYPE html>
<html lang="en">
  <head>
    <meta charset="UTF-8" />
    <meta name="viewport" content="width=device-width, initial-scale=1.0" />
    <title>Voice Recorder with Transcription</title>
    <script src="https://cdn.tailwindcss.com"></script>
  </head>
  <body>
    <div class="min-h-screen flex flex-col items-center justify-center bg-gray-100 p-4">
      <div class="w-full max-w-6xl bg-white shadow-md rounded-lg p-4 flex flex-col md:flex-row space-y-4 md:space-y-0 md:space-x-4">
        <div class="flex-1">
          <label for="transcript" class="block text-sm font-medium text-gray-700">Transcript</label>
          <textarea id="transcript" rows="20" class="mt-1 block w-full p-2 border border-gray-300 rounded-md shadow-sm"></textarea>
        </div>
        <div class="flex-1">
          <label for="translation" class="block text-sm font-medium text-gray-700">Translation</label>
          <select id="translation-language" class="mt-1 block w-full p-2 border border-gray-300 rounded-md shadow-sm">
            <option value="es">Spanish</option>
            <option value="fr">French</option>
            <option value="de">German</option>
            <option value="zh">Chinese</option>
          </select>
          <textarea id="translation" rows="18" class="mt-1 block w-full p-2 border border-gray-300 rounded-md shadow-sm"></textarea>
        </div>
      </div>
      <button id="record-button" class="mt-4 px-6 py-2 bg-blue-500 text-white rounded-md shadow">Record</button>
    </div>
    <script src="https://www.unpkg.com/assemblyai@latest/dist/assemblyai.umd.min.js"></script>
    <script src="https://www.WebRTC-Experiment.com/RecordRTC.js"></script>
    <script src="main.js"></script>
  </body>
</html>

Real-Time Transcription and Translation

The main.js file handles the audio recording, transcription, and translation. The AssemblyAI real-time transcription service processes the audio, and the DeepL API translates the final transcriptions into the selected language.

const recordBtn = document.getElementById("record-button");
const transcript = document.getElementById("transcript");
const translationLanguage = document.getElementById("translation-language");
const translation = document.getElementById("translation");

let isRecording = false;
let recorder;
let rt;

const run = async () => {
  if (isRecording) {
    if (rt) {
      await rt.close(false);
      rt = null;
    }
    if (recorder) {
      recorder.stopRecording();
      recorder = null;
    }
    recordBtn.innerText = "Record";
    transcript.innerText = "";
    translation.innerText = "";
  } else {
    recordBtn.innerText = "Loading...";
    const response = await fetch("/token");
    const data = await response.json();
    rt = new assemblyai.RealtimeService({ token: data.token });
    const texts = {};
    let translatedText = "";
    rt.on("transcript", async (message) => {
      let msg = "";
      texts[message.audio_start] = message.text;
      const keys = Object.keys(texts);
      keys.sort((a, b) => a - b);
      for (const key of keys) {
        if (texts[key]) {
          msg += ` ${texts[key]}`;
        }
      }
      transcript.innerText = msg;
      if (message.message_type === "FinalTranscript") {
        const response = await fetch("/translate", {
          method: "POST",
          headers: {
            "Content-Type": "application/json",
          },
          body: JSON.stringify({
            text: message.text,
            target_lang: translationLanguage.value,
          }),
        });
        const data = await response.json();
        translatedText += ` ${data.translation.text}`;
        translation.innerText = translatedText;
      }
    });
    rt.on("error", async (error) => {
      console.error(error);
      await rt.close();
    });
    rt.on("close", (event) => {
      console.log(event);
      rt = null;
    });
    await rt.connect();
    navigator.mediaDevices
      .getUserMedia({ audio: true })
      .then((stream) => {
        recorder = new RecordRTC(stream, {
          type: "audio",
          mimeType: "audio/webm;codecs=pcm",
          recorderType: StereoAudioRecorder,
          timeSlice: 250,
          desiredSampRate: 16000,
          numberOfAudioChannels: 1,
          bufferSize: 16384,
          audioBitsPerSecond: 128000,
          ondataavailable: async (blob) => {
            if (rt) {
              rt.sendAudio(await blob.arrayBuffer());
            }
          },
        });
        recorder.startRecording();
        recordBtn.innerText = "Stop Recording";
      })
      .catch((err) => console.error(err));
  }
  isRecording = !isRecording;
};
recordBtn.addEventListener("click", () => {
  run();
});

Conclusion

This tutorial demonstrates how to build a real-time language translation service using AssemblyAI and DeepL in JavaScript. Such a tool can significantly enhance communication and accessibility for users in different linguistic contexts. For more detailed instructions, visit the original AssemblyAI tutorial.

Image source: Shutterstock


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NVIDIA Holoscan and RTI Connext Pave the Way for AI-Enabled Medical Devices






The demand for real-time insights and autonomous decision-making is growing across industries, and healthcare and medical devices are no exception. Leveraging real-time edge AI, the next generation of healthcare promises to deliver more precise treatments, improve patient outcomes, and increase operational efficiencies.

Operating rooms of the future will increasingly incorporate AI-enabled and interconnected devices, providing real-time access to holistic patient data, operative insights, decisions, and actions. In such a future, software as a medical device (SaMD) must handle large-scale data with stringent performance and latency constraints while deployed in distributed healthcare systems. This requires interoperability to ensure efficient, reliable, and secure data connectivity between various sensors, displays, controls, and applications without compromising performance or latency.

This post demonstrates how to integrate NVIDIA Holoscan and RTI Connext to create AI-powered medical device applications with high interoperability, low latency, and distributed connectivity. This integration achieves these benefits with minimal overhead and reduced implementation effort and complexity.

NVIDIA Holoscan for Real-Time AI Sensor Processing

NVIDIA Holoscan provides developers with a production-ready framework for building an end-to-end real-time AI sensor processing pipeline, from sensor data ingress to accelerated computing and AI inferencing, real-time visualization, actuation, and data stream egress. This comprehensive solution effectively addresses the multitude of edge AI development challenges, ensuring optimal application performance while abstracting away development complexities, reducing time to market, and offering the convenience of coding in Python and C++.

nvidia-holoscan-application-framework.png
Figure 1. NVIDIA Holoscan enables real-time AI for medical devices and much more

RTI Connext for Real-Time Data-Centric Connectivity

RTI Connext, based on the Data Distribution Service (DDS) standard, streamlines connectivity across complex and scalable systems with a distributed and real-time software communication framework. With Connext, Holoscan applications can integrate with distributed data sources and applications with little overhead while minimizing the implementation effort and complexity of achieving the performance, reliability, and security required by healthcare systems.

Connext provides real-time information exchange between complex system components, enabling stringent reliability, cybersecurity, and performance requirements. Medical systems built on Connext are resilient, self-forming, and self-healing with no single point of failure. The wide range of quality of service tuning options helps meet the need for real-time video and correlated data in distributed, intelligent surgical systems. Built-in security based on the DDS Security standard provides the foundation for authentication and encryption, as well as security logging and granular access control, keeping critical systems safe from security breaches and meeting cybersecurity requirements enforced by regulatory agencies such as the FDA.

rti-connext-data-centric-framework.png
Figure 2. RTI Connext data-centric connectivity enables designing systems around data flow, the most important asset

Integrating NVIDIA Holoscan and RTI Connext

Today’s healthcare system is built on numerous installed legacy systems that weren’t originally designed with AI capabilities in mind and where NVIDIA Holoscan is not currently natively supported. The integration of Connext with Holoscan enables developers to transform existing legacy installations to AI-enabled and software-defined devices through integration of Holoscan as a sidecar (companion compute module) to those devices where Holoscan is not natively supported.

For example, many existing medical devices are currently Windows-based, particularly in the domain of medical imaging, where Holoscan is not natively supported. Holoscan as a sidecar could bring advanced AI capabilities into robotic surgery systems running real-time operating systems (RTOS) on non-NVIDIA systems. Additionally, low-end sensory medical devices such as patient monitoring could be augmented with powerful AI algorithms while the legacy system’s hardware or software would otherwise limit the addition of such new capabilities.

Holoscan DDS interoperability through RTI Connext DDS offers a solution to these scenarios, providing a scalable, AI-enabled Holoscan sidecar that seamlessly communicates with legacy systems in real time. Holoscan offers exceptional infrastructure for GPU-accelerated SaMD, enabling the innovation and deployment of AI-powered workflows within next-generation healthcare systems, which generally need to operate on large-scale data with very strict latency restrictions.

Using RTI Connext, Holoscan applications can integrate with distributed healthcare systems with little overhead while minimizing the implementation effort and complexity of achieving the performance, reliability, and security required by such systems. In cases where Connext is already being used, introducing new Holoscan-powered AI workflows may be possible without modifications to the existing system.

Example Holoscan Application with RTI Connext Integration

This section provides an example use case: a Holoscan application running on a dedicated system that acts as a sidecar. The application reads frames from a DDS databus using RTI Connext, processes the frame data within a Holoscan workflow, and then publishes the results back to the databus with Connext so the processed frame data can be read by another device for display.

This example enhances a common scenario in healthcare systems in which multiple sensors capture data that is then aggregated for display on a separate monitoring system. Adding AI-powered Holoscan workflows into the middle of this data flow can often be done with little modification to the existing components. Connext helps to bridge these gaps.

The core components of this example are the Holoscan DDS video streaming operators available through nvidia-holoscan/holohub on GitHub. These operators enable Holoscan applications to read and write video frames from a DDS databus in real time. With these operators, Holoscan applications can read video frames from the databus (to be used as the source for workflow processing) and write processed results back to the databus (for consumption by another component).

Combining these two applications demonstrates the sidecar dataflow using three processes:

  1. One dds_video process captures frames from the camera sensor and publishes them to DDS.
  2. A body_pose_estimation process receives the input sensor frames from DDS, processes the frames through the body pose estimation model, then outputs the frames with the inference results overlaid on top of the images to DDS.
  3. Another dds_video process receives the processed frames and renders them to the display.
data-flow-holoscan-sidecar-application.png
Data flow of an example application that uses Holoscan as a sidecar to process video frames that have been published to DDS

To run this example locally, start by reading the HoloHub DDS Operators documentation regarding the dependency requirements for setting up RTI Connext. To learn how to build and run the applications, see the DDS Support section of the Body Pose Estimation documentation.

Summary

Integrating NVIDIA Holoscan with RTI Connext offers Holoscan developers in the medical device industry numerous advantages in the transition to AI-enhanced systems and devices. These include seamless integration with distributed healthcare systems with minimal overhead, the enhancement of legacy systems with advanced AI algorithms, and more.

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Implementing Hotword Detection with AssemblyAI’s Streaming Speech-to-Text in Go






Hotword detection is a crucial feature for voice-activated systems like Siri or Alexa. In a recent tutorial by AssemblyAI, developers are guided on how to implement this functionality using AssemblyAI’s Streaming Speech-to-Text API with the Go programming language.

Introduction to Hotword Detection

Hotword detection enables an AI system to respond to specific trigger words or phrases. Popular AI systems like Alexa and Siri use predefined hotwords to activate their functionalities. This tutorial from AssemblyAI demonstrates how to create a similar system, named ‘Jarvis’ in homage to Iron Man, using Go and AssemblyAI’s API.

Setting Up the Environment

Before diving into the coding, developers need to set up their environment. This includes installing the Go bindings of PortAudio to capture raw audio data from the microphone and the AssemblyAI Go SDK for interfacing with the API. The following commands are used for setting up the project:

mkdir jarvis
cd jarvis
go mod init jarvis
go get github.com/gordonklaus/portaudio
go get github.com/AssemblyAI/assemblyai-go-sdk

Next, an AssemblyAI account is required to obtain an API key. Developers can sign up on the AssemblyAI website and configure their billing details to access the Streaming Speech-to-Text API.

Implementing the Recorder

The core functionality begins with recording raw audio data. The tutorial guides on creating a recorder.go file to define a recorder struct that captures audio data using PortAudio. This struct includes methods for starting, stopping, and reading from the audio stream.

package main

import (
    "bytes"
    "encoding/binary"

    "github.com/gordonklaus/portaudio"
)

type recorder struct {
    stream *portaudio.Stream
    in     []int16
}

func newRecorder(sampleRate int, framesPerBuffer int) (*recorder, error) {
    in := make([]int16, framesPerBuffer)

    stream, err := portaudio.OpenDefaultStream(1, 0, float64(sampleRate), framesPerBuffer, in)
    if err != nil {
        return nil, err
    }

    return &recorder{
        stream: stream,
        in:     in,
    }, nil
}

func (r *recorder) Read() ([]byte, error) {
    if err := r.stream.Read(); err != nil {
        return nil, err
    }

    buf := new(bytes.Buffer)

    if err := binary.Write(buf, binary.LittleEndian, r.in); err != nil {
        return nil, err
    }

    return buf.Bytes(), nil
}

func (r *recorder) Start() error {
    return r.stream.Start()
}

func (r *recorder) Stop() error {
    return r.stream.Stop()
}

func (r *recorder) Close() error {
    return r.stream.Close()
}

Creating the Real-Time Transcriber

AssemblyAI’s Real-Time Transcriber requires event handlers for different stages of the transcription process. These handlers are defined in a transcriber struct and include events such as OnSessionBegins, OnSessionTerminated, and OnPartialTranscript.

package main

import (
    "fmt"

    "github.com/AssemblyAI/assemblyai-go-sdk"
)

var transcriber = &assemblyai.RealTimeTranscriber{
    OnSessionBegins: func(event assemblyai.SessionBegins) {
        fmt.Println("session begins")
    },

    OnSessionTerminated: func(event assemblyai.SessionTerminated) {
        fmt.Println("session terminated")
    },

    OnPartialTranscript: func(event assemblyai.PartialTranscript) {
        fmt.Printf("%sr", event.Text)
    },

    OnFinalTranscript: func(event assemblyai.FinalTranscript) {
        fmt.Println(event.Text)
    },

    OnError: func(err error) {
        fmt.Println(err)
    },
}

Stitching Everything Together

The final step involves integrating all components in the main.go file. This includes setting up the API client, initializing the recorder, and handling the transcription events. The code also includes logic for detecting the hotword and responding appropriately.

package main

import (
    "context"
    "fmt"
    "log"
    "os"
    "os/signal"
    "strings"
    "syscall"

    "github.com/AssemblyAI/assemblyai-go-sdk"
    "github.com/gordonklaus/portaudio"
)

var hotword string

var transcriber = &assemblyai.RealTimeTranscriber{
    OnSessionBegins: func(event assemblyai.SessionBegins) {
        fmt.Println("session begins")
    },

    OnSessionTerminated: func(event assemblyai.SessionTerminated) {
        fmt.Println("session terminated")
    },

    OnPartialTranscript: func(event assemblyai.PartialTranscript) {
        fmt.Printf("%sr", event.Text)
    },

    OnFinalTranscript: func(event assemblyai.FinalTranscript) {
        fmt.Println(event.Text)
        hotwordDetected := strings.Contains(
            strings.ToLower(event.Text),
            strings.ToLower(hotword),
        )
        if hotwordDetected {
            fmt.Println("I am here!")
        }
    },

    OnError: func(err error) {
        fmt.Println(err)
    },
}

func main() {
    sigs := make(chan os.Signal, 1)
    signal.Notify(sigs, syscall.SIGINT, syscall.SIGTERM)

    logger := log.New(os.Stderr, "", log.Lshortfile)

    portaudio.Initialize()
    defer portaudio.Terminate()

    hotword = os.Args[1]

    device, err := portaudio.DefaultInputDevice()
    if err != nil {
        logger.Fatal(err)
    }

    var (
        apiKey = os.Getenv("ASSEMBLYAI_API_KEY")
        sampleRate = device.DefaultSampleRate
        framesPerBuffer = int(0.2 * sampleRate)
    )

    client := assemblyai.NewRealTimeClientWithOptions(
        assemblyai.WithRealTimeAPIKey(apiKey),
        assemblyai.WithRealTimeSampleRate(int(sampleRate)),
        assemblyai.WithRealTimeTranscriber(transcriber),
    )

    ctx := context.Background()

    if err := client.Connect(ctx); err != nil {
        logger.Fatal(err)
    }

    rec, err := newRecorder(int(sampleRate), framesPerBuffer)
    if err != nil {
        logger.Fatal(err)
    }

    if err := rec.Start(); err != nil {
        logger.Fatal(err)
    }

    for {
        select {
        case 

Running the Application

To run the application, developers need to set their AssemblyAI API key as an environment variable and execute the Go program with the desired hotword:

export ASSEMBLYAI_API_KEY='***'
go run . Jarvis

This command sets ‘Jarvis’ as the hotword, and the program will respond with ‘I am here!’ whenever the hotword is detected in the audio stream.

Conclusion

This tutorial by AssemblyAI provides a comprehensive guide for developers to implement hotword detection using their Streaming Speech-to-Text API and Go. The combination of PortAudio for capturing audio and AssemblyAI for transcription offers a powerful solution for creating voice-activated applications. For more details, visit the original tutorial.

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Bitcoin (BTC) Layer 2 Revolution: The Role of Ordinals in Sparking Innovation






The introduction of Ordinals has ignited a surge of innovation within Bitcoin’s ecosystem, particularly through various Layer 2 implementations. These include a variety of rollup-based Layer 2s, anchored-chains, sidechains, state channels, liquidity pools, and Proof of Stake L2s, all aimed at enhancing Bitcoin’s scalability and functionality. By enabling off-chain transaction processing, these solutions increase transaction throughput and reduce fees, maintaining Bitcoin’s security while supporting complex applications. This wave of innovation bridges the gap between Bitcoin’s conservative “sound money, store of value” approach and the experimental, versatile world of Ethereum’s DeFi and Web3, ultimately expanding Bitcoin’s utility while paving the way for DeFi on Bitcoin.

Ordinals Have Opened the Pandora’s Box of Layer 2 Experimentation

The introduction of Ordinals within the Bitcoin ecosystem has indirectly sparked a wave of innovation, particularly regarding Layer 2 (L2) implementations. This includes a diverse array of solutions such as rollups, anchored-chains, sidechains, drivechain, ecash, state channels, liquidity pools, spiderchains, and even Proof of Stake and staking L2s. These advancements bring new features and capabilities, bridging the gap between Bitcoin’s conservative “sound money, store of value” philosophy and the more experimental and versatile world of Ethereum’s DeFi and Web3 ecosystems.

Drivechains, for example, are a notable Layer 2 solution proposed to enhance Bitcoin’s functionality without altering its core protocol. They allow for the creation of sidechains where altcoins can operate on Bitcoin, facilitating permissionless experimentation, new features, and improved scalability. This model eliminates inter-token competition and integrates successful altcoin innovations into Bitcoin, potentially making altcoins obsolete.

Rollups represent another critical innovation within Bitcoin’s Layer 2 landscape. These off-chain scaling solutions process transactions outside the main blockchain and then post summarised data back to Bitcoin’s Layer 1. This method enhances transaction throughput and reduces fees, addressing scalability issues. There are several types of rollups being explored, including optimistic rollups, which assume transactions are valid by default but can be disputed, and Zero Knowledge (ZK) rollups, which use cryptographic proofs to ensure transaction validity without revealing underlying data.

The development of other Layer 2 solutions like state channels, anchored-chains, and liquidity pools introduces additional functionalities to Bitcoin like smart contract capabilities and full Ethereum Virtual Machine (EVM) compatibility. State channels enable instant and low-cost transactions by allowing multiple transactions off-chain before recording the final state on-chain. Anchored-chains provide a way to secure additional blockchains using Bitcoin’s Proof of Work (PoW) consensus, while liquidity pools facilitate Decentralised Finance (DeFi) applications on Bitcoin by enabling users to pool their assets for lending, borrowing, and trading.

The advent of Ordinals has catalysed a significant expansion in Bitcoin’s Layer 2 ecosystem, bringing a variety of innovative solutions that enhance its functionality and scalability. L2.watch, a site which tracks Bitcoin L2 projects, currently tracks 85 different projects in the space, which are currently working on expanding Bitcoin’s L2 capabilities in one way or another. These advancements bridge the traditional gap between Bitcoin’s conservative monetary approach and the experimental DeFi and Web3 features prevalent in Ethereum. By incorporating solutions like sidechains, rollups, state channels, and liquidity pools, Bitcoin is poised to offer a more versatile and comprehensive platform while maintaining its core principles of security and decentralisation.

Love Them or Hate Them the Impact of Ordinals is Undeniable

Ordinals and the Ordinals protocol were released as a novel way to inscribe individual Satoshis, the smallest units of Bitcoin, with unique metadata, thereby creating Non-Fungible Tokens (NFTs) directly on the Bitcoin blockchain. This innovative approach leveraged Bitcoin’s Taproot and Segwit upgrades to store data within transaction scripts, marking a significant departure from Bitcoin’s traditional financial transaction focus. The Ordinals protocol enabled the creation of Bitcoin-native digital artefacts, known as Inscriptions, which sparked considerable interest and debate within the Bitcoin community about the potential for additional non-financial uses of the blockchain.

Following the release of Ordinals, community-led experimentation rapidly expanded the possibilities for Bitcoin-based tokenisation and digital assets. This experimentation led to the development of Stamps, which embed data into the Bitcoin blockchain in a more permanent manner than Ordinals, and BRC-20 tokens, which utilised JSON inscriptions to create basic token contracts. Further advancements brought ORC-20 tokens, offering more flexibility with a variable supply and efficient use of block space. These innovations highlighted the demand for a broader range of digital assets and functionalities within the Bitcoin ecosystem, laying the groundwork for even more sophisticated tokenisation protocols.

The culmination of these efforts came with the launch of Runes, a new fungible token protocol designed to coincide with Bitcoin’s recent halving on April 20th, 2024. Runes were introduced as a user-friendly, UTXO-based alternative to existing tokenisation schemes, addressing inefficiencies and reducing blockchain bloat. By integrating seamlessly with Bitcoin’s architecture, Runes minimised the creation of unnecessary outputs and enhanced the overall usability of Bitcoin for tokenisation. This launch marked a significant milestone in Bitcoin’s evolution, as it embraced a more diverse range of digital assets and functionalities.

The wave of innovation sparked by Ordinals and subsequent protocols has led to a surge of interest in bringing NFTs, DeFi, and Web3 applications to Bitcoin via an expanding Layer 2 ecosystem. This vibrant ecosystem now includes a variety of projects focused on Decentralised Exchanges (DEXs), Decentralised Autonomous Organizations (DAOs), and advanced programmability. The explosion of new projects and approaches is transforming Bitcoin from a conservative “store of value” into a versatile platform capable of supporting complex financial instruments and DApps. This shift is enhancing Bitcoin’s utility, making it a formidable competitor in the rapidly evolving world of DeFi and Web3 technologies.

Some of the Bitcoin L2s Driving Innovation in the Bitcoin Ecosystem

Alpen Layer

Alpen Layer, developed by Alpen Labs, is a scaling solution designed to enhance Bitcoin’s utility and accessibility by leveraging zero-knowledge proofs (ZKPs). Founded on the principles of permissionless, programmable, and composable networks akin to the internet, Alpen Layer seeks to overcome Bitcoin’s fundamental obstacles of privacy, programmability, and scalability while preserving its simplicity and security. By utilising ZKPs, Alpen Layer enables private, verifiable computations and transactions, facilitating the creation of advanced financial systems directly on the Bitcoin blockchain. This includes flexible wallets, BTC-collateralized stablecoins, and DeFI applications, all secured by Bitcoin’s crypto-economic trust. Alpen Layer’s vision aligns with expanding global financial access and individual agency, providing a powerful, scalable, and private infrastructure for the next generation of Bitcoin-based financial systems.

Bitlayer

Bitlayer is a cutting-edge Layer 2 solution for Bitcoin that integrates 100% EVM compatibility, allowing applications and developers from the Ethereum ecosystem to migrate seamlessly to Bitcoin without significant changes. Utilising Bitcoin’s security through BitVM, it ensures a trustless two-way peg combining Discreet Log Contracts (DLC) and BitVM, surpassing traditional multisig models. Bitlayer’s roadmap outlines progressive enhancements, from a PoS sidechain with multisig in its first mainnet version, evolving to a rollup-equivalent model, and finally achieving full Layer 1 verification with BitVM by mid-2025. This compatibility extends to existing Bitcoin wallets, such as Metamask and Unisat, facilitating user interaction and enabling developers to deploy smart contracts and projects on the Bitlayer network effortlessly.

Build On Bitcoin (BOB)

Build On Bitcoin (BOB) is a hybrid Layer 2 solution that merges the security of Bitcoin with the versatility of Ethereum, enabling developers familiar with the EVM to build on Bitcoin seamlessly. By combining Bitcoin’s proof-of-work security with best-in-class EVM tooling, BOB offers an efficient and secure environment for DApps. It connects to both Bitcoin and Ethereum ecosystems, leveraging dual liquidity to support DeFi mass adoption. The platform provides extensive developer resources, including a developer suite, SDK, and infrastructure tools, facilitating rapid development and deployment. BOB’s roadmap includes phases for enhancing its rollup model, aiming to integrate advanced technologies like BitVM and potential future ZK-Rollups.

Botanix Labs

Botanix Labs aims to transform Bitcoin into a fully programmable layer for the future of finance by developing the first decentralised EVM-equivalent Layer 2 on Bitcoin. Leveraging Bitcoin’s PoW for base settlement and decentralisation, Botanix integrates a PoS consensus model using the Spiderchain, a network of decentralised multisigs secured by a randomised subset of participants. This approach enables Bitcoin to maintain its unparalleled security while introducing the versatility of Ethereum’s EVM. Botanix Labs addresses Bitcoin’s current limitations in decentralised application development by creating a platform where developers can build decentralised exchanges, lending platforms, and more using Bitcoin as the native currency. The Spiderchain securely holds staked bitcoin in multisig wallets, ensuring the safety of funds through a system of checks and balances. Ultimately, Botanix envisions a hybrid system that combines the strengths of Bitcoin and Ethereum, fostering a robust ecosystem for DeFi, NFTs, and other decentralised applications on Bitcoin.

Lightec

Lightec is a group focused on advancing blockchain and web3 by incorporating zero-knowledge proof (ZKP) technology. Their goal is to develop a Layer 2 solution for Bitcoin, using ZKP to enhance privacy and data ownership for users, while promoting decentralised cooperation. They are currently working on two main projects: opZKP and zkBTC. The opZKP project seeks to add a new opcode (OP_CHECKZKP) to Bitcoin Script, allowing Bitcoin nodes to validate ZKP data as a condition for spending UTXO. This is akin to OP_CHECKSIG, but it verifies zero-knowledge proofs instead. This enhancement would enable the creation of smart contracts with off-chain computations that are verified on-chain. The zkBTC project aims to create a ZKP-based cross-chain bridge between Bitcoin and Ethereum, enabling users to utilise their Bitcoin in smart contracts on both networks without depending on centralised entities. This project will ensure secure and decentralised processes for minting and redeeming Bitcoin, thus broadening Bitcoin’s utility within the larger cryptocurrency ecosystem.

Mirror L2

Mirror L2 is a decentralised and secure Bitcoin staking protocol designed for Proof-of-Stake (POS) Layer 1 and Layer 2 projects. It employs an innovative Multi-Signature Group (MSG) mechanism that allows hundreds to thousands of nodes to collaboratively manage multi-signature wallets. Nodes are required to stake 1 mBTC and face penalties for any malicious behaviour, ensuring security and trustlessness. The protocol bridges staked BTC into mBTC at a 1:1 ratio, making it EVM-compatible and facilitating integration with EVM-based BTC L2s. This system allows mBTC to be used as native gas for POS L1/L2s, thus enhancing demand for BTC and promoting broader DApp development. Nodes are elected through a community voting process, which progressively increases node numbers to ensure robust decentralisation and security.

ZKBase

ZKBase is a project focused on enhancing both Bitcoin and Ethereum’s security and scalability through advanced Layer 2 solutions, utilising ZK protocols. Dedicated to improving the blockchain ecosystem, ZKBase offers a suite of products including ZKSwap, a decentralised Automated Market Maker (AMM) exchange, and ZKSpace, which encompasses ZKSwap, ZKSquare (a payment service), ZKSea (an NFT marketplace), and ZNS (a Layer 2 naming service). By employing ZK-Rollups technology, ZKBase aims to provide foundational support for various decentralised applications (dApps) and decentralised finance (DeFi) projects, facilitating cross-chain bridges and decentralised exchanges (DEXs) for enhanced connectivity between Bitcoin and Ethereum networks. The roadmap includes significant developments such as the introduction of a BTC ZKEVM solution, a decentralised BTC bridge, and extensive cross-chain functionality, positioning ZKBase as a pivotal player in the blockchain interoperability landscape.

SatoshiVM

SatoshiVM is a decentralised Bitcoin ZK Rollup Layer 2 solution that integrates the EVM ecosystem, allowing Bitcoin to issue assets and build applications using native BTC as gas. Designed with simplicity, SatoshiVM enables users and developers to interact and build on it just like Ethereum. Its architecture includes three layers: the Settlement Layer on Bitcoin for on-chain validation and verification, the Sequencing Layer for maintaining functionality and temporarily storing transactions and states, and the Proving Layer responsible for generating proofs and verifying transactions and states on Bitcoin. This setup leverages Bitcoin’s Taproot transactions to ensure the validity and security of SatoshiVM operations.

SatoshiSync

SatoshiSync is a chain-agnostic protocol designed to power Runes, Inscriptions, and Bitcoin Layer 2 solutions, facilitating seamless cross-chain interactions. It allows users to customise and deploy BRC20 tokens, bridge them to ERC20 or any EVM-compatible blockchain, and create markets with a single click through Uniswap. SatoshiSync offers a decentralised, no-code platform for creating open markets for Runes and Inscriptions, enabling users to track, discover, buy, and swap them easily. Its native token, SSNC, provides utilities like revenue capture from cross-chain fees, a deflationary supply mechanism, staking for rewards, and governance rights, empowering holders to participate in the platform’s development and earn rewards.

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Swift TV and the Rise of FAST Streaming: Transforming the OTT Landscape in India and Beyond : Bollywood News – Bollywood Hungama





The emergence of Free Ad-Supported Streaming TV (FAST) services has revolutionized the way we consume content, with significant differences between the Western and Indian markets. As the landscape of FAST-based OTT platforms gains traction in the APAC market, the upcoming launch of Swift TV by Germane Media aims to introduce this streaming format to the Indian audience. This analysis explores the impact of FAST streaming, compares trends in Western and Indian markets, and highlights how Swift TV by Germane Media plans to navigate the Connected TV (CTV) space in India, offering valuable insights for those interested in OTT platforms and digital content consumption.

Swift TV and the Rise of FAST Streaming: Transforming the OTT Landscape in India and Beyond

FAST Streaming Revolution: Redefining TV Viewing

In the realm of FAST-based OTT platforms, the Western market has been a pioneer. Services like Pluto TV, Xumo, and Tubi have garnered substantial user bases by offering diverse content libraries supported by advertisements. The success in the West can be attributed to high internet penetration, subscription fatigue, challenges in content discovery, and a lack of personalized content. According to a recent report, FAST services in the U.S. saw a 50% increase in viewership over the past year alone.

Conversely, the APAC region, including India, is gradually catching up. The region presents a unique opportunity due to its vast and diverse audience. With increasing internet access and growing familiarity with digital content, APAC markets are ripe for expansion. Swift TV by Germane Media’s upcoming launch in India aims to capitalize on this momentum, offering a localized approach to content creation and advertising.

The graph depicts the rise of FAST (Free Ad-Supported Streaming TV) services in the U.S. from September 2022 to June 2023. It highlights the viewing percentages for Pluto TV, Tubi, and Roku Channel, showing an overall increase, with Tubi leading in June 2023 at over 1% of total TV viewing.

Swift TV by Germane Media: India’s Game Changer

Swift TV by Germane Media is poised to become a pivotal player in the Indian FAST streaming landscape. As a new entrant, it aims to cater to the diverse and expansive Indian audience by leveraging localized content and advertisements targeted through first-party data. This strategic approach distinguishes Swift TV from other platforms that offer generic content. By focusing on regional languages and culturally relevant programming, Swift TV can address the unique preferences of the Indian market, providing a new distribution channel for Indian content creators.

The platform’s ad-supported model makes premium content accessible to a wider audience without the need for subscription fees, which could significantly increase viewership among cost-sensitive users. Additionally, Swift TV’s integration with CTV devices will enhance the user experience, providing seamless streaming across various screens. These strategies position Swift TV to potentially dominate the FAST-based OTT space in India, bringing the best of streaming technology to the country.

The CTV and OTT Synergy: Evolving Consumer Habits in APAC

Consumer habits in the APAC region are rapidly evolving, driven by increased internet penetration and the proliferation of smart devices. A recent survey indicates that over 60% of internet users in APAC regularly consume video content online. This shift is further amplified by the growing adoption of CTV devices, which offer a more immersive viewing experience compared to traditional methods.

Younger demographics, in particular, are gravitating towards digital platforms for their entertainment needs. This trend is supported by the availability of affordable data plans and smartphones, making streaming services more accessible. As a result, there is a rising demand for diverse and high-quality content tailored to local tastes. Swift TV aims to capitalize on these evolving habits by offering a robust library of region-specific programming across more than 15 genres. By understanding and catering to these changing preferences, Swift TV can effectively engage a highly dynamic audience, positioning itself as a leader in the APAC FAST-based OTT market.

The Importance of Ad-Supported Models

Ad-supported streaming services like Swift TV play a crucial role in the OTT ecosystem, especially in markets like India. The ad-supported model democratizes access to premium content by eliminating subscription fees, making it attractive to a broader audience. This is particularly important in price-sensitive regions where consumers may be reluctant to pay for multiple subscriptions.

From a business perspective, ad-supported services generate revenue through advertisements, creating a sustainable model that benefits both the platform and advertisers. According to industry data, ad spending on digital video is expected to grow significantly, with a projected annual increase of 20% in APAC over the next five years. This growth underscores the potential for ad-supported platforms to thrive.

Moreover, targeted advertising on platforms like Swift TV enables brands to reach specific demographics with tailored messages, enhancing the effectiveness of ad campaigns. This synergy between content consumption and advertising ensures a win-win scenario for users, content providers, and advertisers alike.

Leveraging the FAST Platform for Market Dominance in India

Content Catering to Indian Audiences

Swift TV’s strategy to cater specifically to Indian audiences is a significant differentiator in the rapidly growing FAST-based OTT market. India is a culturally rich and diverse country with various languages, traditions, and entertainment preferences. Swift TV plans to offer a wide array of content, including regional programming, local films, and culturally relevant shows. This localized approach ensures that the platform can attract viewers from different parts of the country, from metropolitan cities to rural areas.

In addition to regional content, Swift TV is expected to feature popular Bollywood movies and Indian television dramas, sourcing content from individual creators, media houses, and live streaming. By providing content that resonates with local tastes, Swift TV can create a loyal user base. This focus on localization meets consumer demand and sets Swift TV apart from other generic, international streaming services, positioning it as a go-to platform for Indian audiences seeking relatable content.

Technology and Accessibility

Swift TV leverages machine learning to create a tailored feed for all its users, enhancing content discovery. Its proprietary cloud play out solution for channel assembly will optimize the delivery of video-on-demand content in the FAST format. Partnerships with tech giants such as Google and Amazon fuel Swift TV’s server-side ad insertion (SSAI) and other cloud-based requirements. The platform is designed to be compatible with various devices, including smartphones, tablets, and CTV units, which is crucial in a market where mobile-first consumption is prevalent. With over 500 million smartphone users in India, mobile access is a key factor for any streaming service’s success.

Swift TV’s user interface is optimized for ease of navigation, ensuring a seamless experience across devices. The platform employs adaptive streaming technology to deliver high-quality video content even on slower internet connections, making it accessible to users in areas with limited bandwidth.

By focusing on both technological robustness and user-friendly design, Swift TV aims to remove barriers to entry and provide an inclusive streaming experience. This approach not only broadens its potential user base but also enhances user satisfaction and engagement, setting Swift TV apart in the competitive FAST-based OTT landscape.

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Roy Kapur Films announce biopic on India’s first Chief Election Commissioner Sukumar Sen : Bollywood News – Bollywood Hungama





Siddharth Roy Kapur’s production house Roy Kapur Films (RKF) is known for backing unique and differentiated stories, and after the huge success of Rocket Boys, it plans to bring alive the untold story of another Indian hero. Roy Kapur Films along with Trickitainment Media, has acquired the rights to produce a biopic on the life of Sukumar Sen, India’s first Chief Election Commissioner and the architect behind the country’s first general elections in 1951-52, which cemented India’s status as a newly minted independent democracy.

Roy Kapur Films announce biopic on India’s first Chief Election Commissioner Sukumar Sen

A brilliant mathematician turned civil servant, Sukumar Sen played a crucial role in India’s transition from a British colony to a democratic republic, surpassing what anyone could have imagined at the dawn of independence and creating a lasting and exemplary electoral system. His biggest challenge in a young nation that had never experienced an election before, was to execute the entire process within just two years of the country becoming a republic on January 26th, 1950, resulting in ‘the biggest experiment in democracy in human history’, in his own words. No Indian official had ever before confronted a challenge of such magnitude.

Sukumar Sen’s job was mind-boggling in its complexity: to organize the largest democratic exercise in the world in a land of three million square kilometres; across varied terrains of mountains, deserts and forests; with an electorate of 175 million people, 85 per cent of whom were illiterate and dispersed across thousands of cities, towns and villages in 565 princely kingdoms and numerous newly formed states. At stake were as many as 4,500 seats – about 500 for Parliament and the rest for the provincial assemblies. In a poor country, only recently independent and just coming into its own, 224,000 polling booths were constructed and equipped with 2 million steel ballot boxes for which 8,200 tonnes of steel were consumed; 16,500 clerks were appointed on six-month contracts to type and collate the electoral rolls by constituency; 380,000 reams of paper were used for printing the rolls and 389,816 phials of ink were used; 56,000 presiding officers were chosen to supervise the voting, aided by another 280,000 helpers; and 224,000 policemen were put on duty to guard against violence and intimidation!

In remote hill villages, bridges had to be constructed to facilitate access to voters and for small islands in the Indian Ocean, naval vessels had to be used to transport electoral rolls to booths. Tribals from some forest districts came to the booths with their bows and arrows proudly achieving as much as 70 per cent turnout at one booth in the jungle, while a neighbouring booth was visited only by an elephant and two panthers! Dedicated citizens wanting to exercise their franchise reached booths after days of trekking through wild jungles, camping at night amid songs and dances around the fire.

After all the votes were counted, Sukumar Sen and his team’s herculean efforts had led to approximately 60 percent of registered voters exercising their right to vote for the very first time in their lives. Against all the odds, India’s first general election was a milestone in the history of democracy and the largest election the world had ever seen.

Announcing this inspiring biopic on the eve of the counting day of India’s 18th General Elections, the makers seek to remind audiences of the sheer ambition and audacity behind the country’s first and the world’s largest electoral process that we now take for granted, and for which Sukumar Sen laid the foundation.

Sharing his thoughts about the biopic, producer Siddharth Roy Kapur stated, “We are so honoured to bring to life the incredible story of one of our national heroes Sukumar Sen, who played a crucial role in shaping India’s democratic history. From the very system of identifying political parties by different symbols and colours in order to combat illiteracy to coming up with the idea of indelible ink on fingernails to avoid voter impersonation…so many of his innovations are in place even today! His contribution to laying the architecture for our democratic process deserves to be celebrated and we look forward to bringing audiences in India and around the world this thrilling story of our very first election and the amazing man behind it.”

“We firmly believe that Sukumar Sen’s legendary and historically significant story, filled with monumental and dramatic moments, will resonate with all Indian citizens who exercise the right to vote. Told after 73 years, it is a must-see for all generations across the nation,” said Romanchak Arora from Trickitainment Media

“One of India’s greatest successes as a nation has been its successful democracy. The foundation of all democracies is free and fair elections and the credit for laying the bedrock for this vibrant electoral process must go to Sukumar Sen, my grandfather and the 1st CEC of Independent India. I wish the producers all the success to portray the untold story of an unsung hero of this great nation.” said Sen’s grandson Sanjiv Sen.

“I congratulate the producers and wish them all success in their endeavour. This is a laudable effort to make the people of our country aware of a remarkable person and his achievements.” added his second grandson Debdatta Sen.

ALSO READ: Vidya Balan, Aditya Roy Kapur, Siddharth Roy Kapur and Kunaal Roy Kapur burn the dance floor on ‘Jumma Chumma De De’ at a wedding, watch

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Advocate Rizwan Merchant, producer Vishal Rana HIT back at allegations of cheating and forgery on Sunny Deol: “Sunny ji has contributed so much to Bollywood. These people, on the other hand, have done NOTHING for the film industry” : Bollywood News – Bollywood Hungama





The industry and media got a shock last week when Sorav Gupta alleged in a press conference that Sunny Deol took money from him multiple times in return for doing a film for his production house, Sundawn Entertainment Pvt Ltd. He further said that Sunny never ended up doing a movie for him. Many other shocking allegations were levelled against the Gadar 2 (2023) star in the press meet.

Advocate Rizwan Merchant, producer Vishal Rana HIT back at allegations of cheating and forgery on Sunny Deol: “Sunny ji has contributed so much to Bollywood. These people, on the other hand, have done NOTHING for the film industry”

Yesterday, on June 1, advocate Rizwan Merchant, representing Sunny Deol, addressed the media and denied the allegations made by Sorav Gupta. At the very onset, Rizwan Merchant said, “No case has been registered against Sunny Deol. An ordinary complaint has been issued, jo kisi ke bhi khilaaf ja sakti hai. The police will conduct an enquiry. As per the Supreme Court guidelines, the police are required to take down the version of not just the complainant but also non-applicant. I am specifically using the word non-applicant and not accused because there’s no FIR. Only after an FIR can you tag a person as accused.”

He added, “We have noted down the points raised in the complaint. And the contents of the complaint are such that forget FIR, it’s not even worthy of a non-cognizable offence.”

Rizwan Merchant then narrated, “In August 2016, Sorav Gupta approached Sunny Deol for a film. A contract was signed based on mutual agreement by both the parties. A few clauses rested on Sorav Gupta’s company that he was supposed to comply with, especially with regard to payment. He had promised that he’s paying a certain amount and the balance payment will be done on specified dates in the future.”

The advocate continued, “When the payment didn’t come as promised, Sunny Deol’s office sent a notice to the producer. Yet, the producer failed to make the payment. Another notice was sent, stating that non-payment amounts to breach of contract. It also said that Sunny Deol will terminate the contract. Sorav didn’t respond to it either. We then wrote to the producer that we are terminating the contract and forfeiting your amount. The forfeit clause is a part of the agreement. It was not our sole decision; it was consensual.”

Rizwan Merchant stated, “The party has issues with the amount being forfeited. They also alleged that Sunny Deol asked for the director and script to be changed. There’s no record; these are all oral allegations. This is an attempt to arm-twist and extort money.”

Rizwan Merchant also revealed, “We are co-operating with the police. Mr Deol is busy with his work. This is the first complaint that has ever come against him which is going to affect not only his career, image, name and reputation but also that of his family. He’ll go to any length to cooperate with the police to show that this is nothing but a false complaint. By no stretch of imagination, Mr Gupta should feel that by arm-twisting, Mr Deol is going to submit to his demand.”

Sorav Gupta even said that Sunny Deol changed the page in the contract and hiked his fees. On this, Rizwan Merchant replied, “This is an absolute false allegation. Mr Gupta, in fact, took the contract stating that he’ll get it signed from his wife. That contract copy has not been returned to us. The copy that we have is signed by Sunny Deol, not by him or his wife. Hence, there’s no question of changing the contract page.”

Advocate Rizwan Merchant, producer Vishal Rana HIT back at allegations of cheating and forgery on Sunny Deol: “Sunny ji has contributed so much to Bollywood. These people, on the other hand, have done NOTHING for the film industry”

Producer Vishal Rana was also present along with Rizwan Merchant. He said that he was present in the meeting between Sunny Deol and Sorav Gupta. He stated, “I have worked extensively with Sunny Deol. I made two films with him without any problem. He completed Blank (2019) in 32 days, our upcoming untitled film in just 36 days. He has never arrived late or asked for money, the way the complainants are claiming. There’s also a clause that Sunny Deol was okay with, and that is, if Sunny ji doesn’t shoot, he’ll return the money. But if the producer doesn’t start the shoot, then Sunny ji will not refund.”

Vishal remarked, “Sunny ji and Dharam ji have contributed so much to the industry. These people, on the other hand, have done nothing for the film industry. They are taking advantage of somebody’s celebrity status.”

He further said, “These are financiers and investors, not producers. Also, stories, genres and styles of filmmaking change frequently. If I claim that I narrated a story to an actor in 2016 and that he’ll work with me in 2020, toh mujhse bada bewakoof koi nahin hai. Times have changed. What worked in 2019 will not work in 2024. If I sign an actor without a script or director, I can’t force him to do any film. They kept getting scripts and directors but Sunny ji was not happy with it. I made Blank with him but I had a bound script ready and my director was also on board before signing him.”

Vishal Rana also responded to the allegations that he signed a film called Ram Janmabhoomi and never came for the shoot, citing an increase in fees after Gadar 2’s blockbuster verdict. He said, “Unko uss kahani se koi lena dena nahin hai. Sunny ji told me, ‘They don’t know how to produce. You should help him’. I agreed. They are financiers and Sunny ji gave them the story. If Sunny ji didn’t have the intention to work, why would he provide them with a script? They further said, ‘You are our idol. We grew up watching your films. We don’t want our money back’.”

Rizwan Merchant, meanwhile, was asked about Suneel Darshan’s allegation that Sunny never made full payment of the money generated by overseas distribution of their film Ajay (1996). He said, “It is sub-judice. I’d like to stay away from it.” When asked if Sunny Deol would file a defamation case, the advocate answered, “I can’t comment on it right now.”

Rizwan signed off by appealing to the press, “He (Sorav Gupta) approached the media just to extort money from Sunny Deol. Please don’t allow him.”

Also Read: SHOCKING! Sunny Deol accused of cheating and forgery by film producers Sorav Gupta and Suneel Darshan: Report

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EPP leads European polls while far right makes dramatic gains

An abrupt shift to the political right is likely to mean the next head of the European Commission will be a conservative — but the right-wing camp is affected by many political rifts, some, almost insurmountable, exclusive Euronews superpoll shows.

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Conservative forces are set to win the European elections, the latest Euronews Super Poll from the Euronews Polls Centre can exclusively reveal. 

Parties from the centre-right, ultraconservative and far-right are leading the polls in the main EU countries. 

Meanwhile, liberal-democrats are likely to face a painful defeat, as the centre-left settles into fragile stability with moderate losses and timid gains, depending on the country.

The main consequence of the election could be the appointment of a new conservative head of the European Commission. A harsh struggle between already established and new parliamentary groups and the alliances over who will run EU affairs over the next five years is also likely to ensue.

Digging deeper

The European People’s Party (EPP) is set to confirm its relative majority at the European Parliament. 

However, far-right and ultra-conservative forces are also set to win big, the Euronews poll suggests: in France, Identity and Democracy (ID) member Marine Le Pen and her National Rally (Rassemblement National, RN) party. In Italy, European Conservatives and Reformists (ECR) PM Giorgia Meloni and her Brothers of Italy (Fratelli d’Italia, FdI) party are on the road to victory. 

In the Netherlands, ID member Geert Wilder’s Party for Freedom (PVV) leads the polls, and in Romania, Adela Mirza and her Right Alternative (AD) are vyingg for the lead with government ruling party PNL (EPP) and PSD (S&D).

Some EPP affiliates have been leading the polls in Germany since March, with Friedriech Merz’s CDU-CSU, Poland’s Prime Minister Donald Tusk’s Civic Platform (PO), and Alberto Núñez Feijóo’s People’s Party (PP) in Spain. 

Both Germany’s CDU-CSU and Spain’s PP sit as opposition parties, while Tusk’s PO is the ruling party in Poland.

The Socialists and Democrats (S&D) group will likely contend for second place against the far right and national conservatives.

Two significant countries with left-leaning and labour-conscious prime ministers still in power are Olaf Scholz and Pedro Sánchez, from Germany and Spain, respectively.

Chancellor Scholz’s Social Democratic Party (SPD) is in third position, one seat behind the far-right Alternative for Germany (AfD).

According to the polls, liberal-democrats Renew are bound to suffer heavy voter losses across Europe. France, which used to be a stronghold for the party, will become a battleground. President Macron’s Renaissance party belongs to Renew.

Renew President Valérie Hayer will expel Dutch liberals from the People’s Party for Freedom and Democracy (VVD), the party of former Dutch Premier Mark Rutte, after they agreed to a four-way coalition with Wilders’ PVV in the Netherlands last week.

Far-right Italian Prime Minister Giorgia Meloni and her party FdI are among the largest members of the nationalist-conservative ECR, along with Poland’s Law and Justice (PiS) party and Spain’s Vox. 

The ECR was created in early 2009 when the British Conservatives left the EPP and joined other European political movements with similar political values. Anti-European federalism, conservative social policies and criticism of Franco-German EU leadership became its trademarks.

The British Conservatives left the ECR after Brexit.

ECR party members are stuck between preserving traditional conservative values and far-right stances. Far-right groups ECR and ID share strong anti-migration and populist rhetoric.

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After last week’s far-right gathering in Madrid, Meloni and Le Pen have hinted at some sort of reconciliation after years of competition. It could be an attempt to find common ground and collaborate in post-EU election talks.

With the results Meloni and Le Pen’s parties are expected to obtain, both leaders have the rare opportunity to critically influence EU policy making over the next five years. 

On Tuesday, the relationship between Le Pen and AfD became strained after the party’s head of the electoral list, Maximilian Krah, said in an interview with the Italian daily La Repubblica, “Never say that anyone who wore an SS uniform was automatically a criminal.”

Questions remain

The Conservative camp is highly divided. Many EPP members are either Federalists or strongly pro-European. However, this is not the case for the majority of ECR and ID members.

A centre-right plus right coalition could derail before it has even begun on the basis of different European principles or political strategies such as the EU droit de regard on the rule of law in every member state, the creation of enhanced EU Defence structures, and green economy investments.

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Voting figures suggest a conservative majority, which would mean conservative parties could have a say on the appointment of the president of the commission.

Nevertheless, national governments are legally mandated to decide who will run the EU Commission. France, Germany and Spain have liberal and social democratic governments. Thus, the appointment of an European Commission president based on the results of the EU elections and without the active participation of Emmanuel Macron would be unrealistic.

Similarly, a reboot of a grand coalition between the EPP, Renew and S&D would be at odds with the will of EU voters.

Even a coalition between the EPP, ECR, and Renew doesn’t seem achievable. French President Emmanuel Macron, Renew’s biggest sponsor, would have difficulty finding common ground with the ECR and vice versa.

What the polls say

“Emmanuel Macron will push for the traditional majority, EPP, S&D and Renew. It is still justified by the figures we see in our forecasts,” says Francesco Sismondini from the Euronews Polls Centre.

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Ultra-conservatives are trying to avoid this outcome by reestablishing good relations with each other, as seen in Madrid’s far-right Vox conference last week.

“Leaders of both ECR and far right groups like Giorgia Meloni and Marine Le Pen can try to find common ground,” explains Sismondini. “And in order to reach it they must take some difficult decisions, like breaking with the AfD for Marine Le Pen and becoming moderate on issues such as migration, social questions and supporting Ukraine.”

But the playing field is still wide open. It’s not only a matter of voting figures – politics still needs to have its say, says. Sismondini: “As soon as the negotiations start after the elections, we will see that the political groups at the EU parliament are not that attached [to each other]”.

However, the far-right victory in some important countries will inevitably influence the appointments of the EU’s top-level jobs, such as the head of the Commission, the European Council President, and the High Representative of the Union for Foreign Affairs and Security Policy.

“We can foresee an effort by the right and far-right political groups to get some support from the traditional far-right voters,” said Sismondini. “Some efforts are extremely clear. The Rassemblement National is very strong. Macron’s party in France comes second, but with a gap of 16% with the Rassemblement National.”

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