Connect with us

Technology

“Crypto For Dummies”: A Comprehensive Program for Crypto Entrepreneurs and Investors**

Published

on

This guide offers aspiring crypto entrepreneurs essential insights and actionable steps to successfully launch their own ventures. While many investors focus on chasing the next big cryptocurrency, “Crypto For Dummies” highlights that the real opportunity lies in building the infrastructure that supports these digital assets.

**FirstByt Introduces “Crypto For Dummies”: A Comprehensive Program for Crypto Entrepreneurs and Investors**

VILNIUS, Lithuania, Aug. 29, 2024 /PRNewswire-PRWeb/ — In an era where blockchain technology continues to revolutionize industries and create new avenues for growth, FirstByt is excited to announce the launch of its innovative program, “Crypto For Dummies” This all-encompassing program is designed to guide investors and entrepreneurs through every crucial stage of launching a cryptocurrency project, whether centralized or decentralized, on the blockchain.

“The real opportunity in the blockchain space might not lie in buying cryptocurrencies but in building the infrastructure that powers them.”

As the crypto space becomes increasingly competitive, the potential rewards are immense, but so are the risks. Many investors are driven by the fear of missing out on the next big opportunity, with hopes of finding the next Bitcoin or Ethereum. However, statistics show that success in this space is rare. For example, as of August 2024, out of 1.7 million memecoins on the platform pump.fun, only 41 reached a $1 million market cap for multiple weeks, and a mere 15 held a $10 million market cap. This highlights a success rate of less than 0.001%.

For those looking to seize the true opportunity within the blockchain space, building the infrastructure that powers cryptocurrency projects may be the key. With the right approach, entrepreneurs can launch a crypto business in just a few months. Here’s a step-by-step guide to turning a vision into a successful crypto venture:

1. Register a Legal Entity

Regulation is paramount in running a successful crypto business, yet it often leads to divided opinions. Some entrepreneurs overspend on licensing, while others neglect it entirely. FirstByt recommends a balanced approach:

– **Assess Startup Capital:** Limit licensing costs to no more than 10% of your budget. Start with a cost-effective option and upgrade as your business grows.

– **Consider Products:** Align your product offerings with the regulatory environment of your chosen jurisdiction. Different services, such as crypto spot trading or derivatives, may require different approaches.

– **Target Geographical Areas:** Choose a jurisdiction that aligns with your target market, as operating in regions like the EU, US, or Japan will require local licenses.

– **Know Your Client:** Tailor your regulatory approach based on whether you are targeting retail or institutional clients, as each group has distinct expectations and compliance needs.

2. Secure Startup Capital and Maintain a Buffer

One of the most common pitfalls in the crypto industry is underestimating financial requirements. FirstByt emphasizes the importance of securing sufficient capital from the outset and maintaining a financial cushion:

– **Raising Capital:** Adequate funding is essential for executing your vision effectively.

– **Financial Cushion:** Be prepared for unforeseen costs that may arise before and after launch.

– **Quality Team:** Attracting and retaining top talent is crucial, as the right team can navigate the complexities of the crypto industry.

3. IT and Infrastructure: The Backbone of Your Business

Investing in IT and infrastructure is critical, typically consuming around 50% of your budget. Without a solid product, raising capital or attracting clients will be challenging:

– **Quick Launch:** Focus on launching quickly to validate your idea and make necessary adjustments.

-**White Label Solutions:** Consider acquiring a pre-built platform to save time and money while you build your brand.

– **Legitimate Partnerships:** Partner with reputable companies in the fintech space to ensure the reliability and security of your platform.

– **Building Your Team:** Once your product is live, start building your in-house IT team to further develop and scale your platform.

4. Sales and Marketing: The Key to Growth

A strong sales and marketing strategy is essential for standing out in a crowded market. FirstByt advises allocating no more than 40% of your budget to this area:

– **Strategic Marketing Plan:** Develop a data-driven marketing strategy that covers online advertising, social media, content marketing, and public relations.

– **Budget Allocation:** Allocate sufficient resources to ensure your product reaches the right audience.

– **Sales Team Excellence:** Hire proactive and knowledgeable salespeople who can effectively communicate your product’s value.

– **Customer Education:** Provide clear, accessible information to educate potential customers about your product.

– **Community Building:** Foster an online community to build loyalty and gather insights into your customers’ needs.

5. Reporting and Accounting: Staying Compliant

Accurate reporting and accounting are critical for compliance and financial health in the crypto industry. FirstByt highlights the importance of:

– **Robust Reporting Systems:** Invest in a system that can handle the complexities of crypto transactions.

– **Tax Compliance:** Ensure your accounting practices align with international standards.

– **Hiring Experts:** Consider hiring experienced crypto accountants to navigate the industry’s unique challenges.

The Future of Crypto: High Risk, High Reward

The crypto industry presents some of the most attractive opportunities for those willing to take the plunge. Many of the most successful venture capital projects in recent years have come from this space. FirstByt believes that now is the time to act if you’re considering starting a business in this fast-growing industry.

While launching a crypto business may seem daunting, following these steps—registering a legal entity, securing capital, building robust IT infrastructure, developing a strong marketing strategy, and maintaining accurate reporting—can position you for success.

For more information on how FirstByt can assist you in bringing your crypto business idea to life, visit www.firstbyt.com or contact us at dt@firstbyt.com

**About FirstByt:**

FirstByt is a leading innovator in the blockchain and cryptocurrency space, offering comprehensive programs and solutions for entrepreneurs and investors. With a focus on guiding projects from conception to launch, FirstByt empowers individuals and businesses to succeed in the fast-paced world of crypto.

Media Contact

Dimitre Tzonev, Firstbyt Technologies UAB, 370 884295888, dt@firstbyt.com, www.firtbyst.com

View original content to download multimedia:https://www.prweb.com/releases/crypto-for-dummies-a-comprehensive-program-for-crypto-entrepreneurs-and-investors-302231773.html

SOURCE Firstbyt Technologies UAB

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

AI-Powered Connectivity: APAC Charts a Path to a Smarter Digital Future

Published

on

By

Asia-Pacific’s first Broadband Development Summit brings regulators and operators to Bangkok to set the agenda

BANGKOK, July 19, 2026 /PRNewswire/ — Government officials, standards bodies and telecom operators gathered in Bangkok on 14 July for the inaugural Broadband Development Summit APAC 2026, convened by the World Broadband Association (WBBA) to build consensus on AI-era networks.

Participants included the ITU, Thailand’s National Board of the Digital Economy and Society, WBBA, IAB, FNCAP, WAA, NIDA and the IPv6 Council, alongside operators Telkomsel, XLSmart, Surge, Globe, AIS, CMI and HKT and Huawei.

Denny Deng, President of Huawei Asia Pacific Carrier Business, envisions a “faster, smarter, greener” Asia-Pacific.

VOICES FROM THE SUMMIT

“To seize the opportunities of the AI era, we call on the industry to accelerate broadband evolution, advance computing-network synergy, and strengthen the cross-border connectivity. Together, let us build faster, smarter, and greener digital infrastructure for Asia-Pacific.”
— Denny Deng, President of Asia Pacific Carrier Business, Huawei

“High-speed broadband is no longer just about ‘getting online’ — it is the vital infrastructure upon which the entire AI revolution is being built. We view AI not merely as a tool, but as a primary engine for national competitiveness and a catalyst for improving the quality of life for all.”
— Wetang Phuangsup, Ph.D., Secretary-General, the National Board of the Digital Economy and Society, Thailand

“Three initiatives define the road to 2030. We must close the quality divide so the value of broadband reaches everyone. We must build AI-ready networks — 10G access, 800GE cores, intelligence end to end. And we must do it together, through shared standards.”
— Martin Creaner, Director General of WBBA

“Moving towards next-generation networks, network architectures must continue to evolve to deliver broader connectivity, superior quality, enhanced security, and greater intelligence. This evolution is essential for Net5.5G, positioning the network not simply as infrastructure, but as the foundation that enables AI, strengthens resilience and efficiency, and supports digital transformation across industries.”
— Dhruv Dhody, Industry Standardization Expert at Huawei, Chair of the IAB, IETF

“Across Asia-Pacific, fibre is extending beyond homes and offices into rooms, devices, and machines. By working together, we can accelerate fibre innovation and adoption to build truly AI-ready infrastructure.”
— Ilham Nandana, Chair of the Market Intelligence Committee, Fiber Network Council APAC (FNCAP)

“We fixed it before you feel it!  AIS is redefining premium home broadband by combining ultra-fast connectivity with AI-driven network intelligence and smart home ecosystem — delivering proactive, invisible service excellence that transforms connectivity into differentiated customer value and sustainable ARPU growth.”
— Thanit Chaiyaboonthanit, Head of Technology Department, Broadband Business, AIS

“Connecting the Unconnected: Affordable Broadband at Scale. Create equal access to global information and empower Indonesia’s digital society.”
— Shannedy Ong, CTO of Surge Indonesia

“Beyond Connectivity: Telkomsel is transforming into a true value creator. By leveraging our FBB market-leading footprint, we power growth through service excellence, customer loyalty, and a next-generation home ecosystem.”
— Stanislaus Susatyo, Director of Sales, Telkomsel Indonesia

“We stopped treating AI as an add-on feature. Instead, our approach at Globe starts with architecture, embedding intelligence into the very core of how we build, how we sell, and how we operate.
AI continuously monitors network health, customer behavior and service quality. Rather than waiting for failures, the system predicts degradation and initiates corrective actions. By maintaining minute-level awareness of network health, our systems automatically resolve 30% of all Wi-Fi issues without any human intervention.”
— Danny Theseira, Head of Broadband Business Group at Globe Telecom

“Huawei is driving the Optics-AI Synergy to foster their collaborative growth. Through AI-ON, operators could build an AI-centric all-optical target network and establish 1-5-20ms latency circles across the Asia Pacific region. AI-ON also supports efficient computing access and usage while delivering an ultimate network experience through gigabit/ultra-gigabit home broadband, accelerating the widespread adoption of AI services.”
— Kim Jin, Vice President & Chief Marketing Officer Optical Business Product Line, Huawei

“Connectivity is not just about technology. It is a lifeline, a platform for opportunity, and a driver of sustainable development. I believe the intersection of connectivity and artificial intelligence will shape the future of smarter, more resilient networks.”
— Dr. Cosmas Zavazava, Director of the Telecommunication Development Bureau, ITU

“Performance and user experience are the essential path to the next-generation WLAN. Based on standards and AI-driven innovation, let’s jointly explore the path to the future autonomous WLAN with all the stakeholders.”
— Dr. Crane H. Yang, Secretary-General, World WLAN Application Alliance (WAA)

“At the summit, NIDA and WBBA signed an MOU to accelerate next-generation network evolution and establish pioneering smart city benchmarks through the co-development of industry standards, the harmonization of global regulations, and the sharing of vertical industry insights.
NIDA focuses on advancing network architecture standards, while WBBA drives global consensus on broadband evolution. This natural strategic complementarity creates vast opportunities for future collaboration.”
— Joey Deng, Secretary-General of NIDA

“ION-2030 develops the global standard for next generation optical networks in the AI era. It provides exceptional AI application and service experience. The WBBA and ITU will jointly accelerate its development, and this is a unique opportunity for Asia-Pacific stakeholders to actively influence the future of optical broadband networks.”
— Dr. Marcus Brunner, Chief Expert Standardization, WBBA WG1 Chair and Vice-Chair of ETSI ISG F5G

“The transition into the AI era demands a high-quality, deterministic digital foundation. By releasing Net5.5G policy guidelines, Malaysia is accelerating the evolution of next-generation network standards based on IPv6, establishing an innovative infrastructure to unleash AI’s value and drive a prosperous digital economy for 2030.”
— Prof. Sureswaran Ramadass, Chair of APAC at IPv6 Council, Industry Partner of WBBA

“The digital economy is thriving across the Asia-Pacific region, with AI emerging as a core catalyst for intelligent transformation. China Mobile International (CMI) is driving regional growth by integrating China’s advanced AI capabilities with comprehensive communications, computing, and AI services. Moving forward, CMI will collaborate closely with industry partners to foster a shared, AI-driven future for the region.”
— Paul Lin, Managing Director of Commercial and Technology, Asia Pacific, China Mobile International

“Next-generation network infrastructure is the oxygen of the intelligent economy. By integrating cutting-edge 800G connectivity with quantum-safe security, HKT is laying the essential foundations to keep Hong Kong’s enterprises highly competitive, secure, and ready for the computing paradigm shifts of tomorrow.”
— Wilson Cheung, Vice President, Broadband Design & Cyber Security, HKT

“The evolution toward Net5.5G AI WAN is an important step in strengthening XLSMART’s transport network for the future. By progressively adopting AI-assisted operations, SRv6, SDN, service differentiation, and higher-capacity transport infrastructure, we are enhancing network intelligence, operational efficiency, and service resilience while supporting long-term sustainability. This transformation is a continuous journey that aligns with the industry’s vision of AI-native broadband networks. Through collaboration with our technology partners and the broader ecosystem, we will continue to develop capabilities that deliver better network performance and support Indonesia’s growing digital connectivity needs.”
— Regie Ginanjar, Head of Transport Autonomy & Orchestration, Transport Network Transformation, XLSMART

“For the AI era, Huawei upgrades the IP bearer network via security resilience, multi-dimensional awareness, and network autonomy. This empowers carriers to guarantee service experience, accelerate monetization, and enhance efficiency, ushering in a new chapter of intelligent connectivity.”
— Arthur Wang, Vice President of Data Communication Product Line, Huawei

A CONVERGING VIEW

Speakers agreed AI is shifting networks from connectivity to intelligent connectivity, as broadband, IP, computing and cross-border infrastructure converge to support innovation and coordination.

WBBA launched the AI-Net Certification, a global benchmark for national policy, industrial ecosystems and network intelligence. XLSmart was named first AI-Net Champion, and Indonesia was among the first with a certified operator, backed by its Net5.5G roadmap.

In another high-profile segment, WBBA Director General Martin Creaner presented the Gigacity Certification to KOMDIGI, SURGE, Telkomsel, AIS, TRUE, HKT and Globe, recognizing regional broadband pioneers.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ai-powered-connectivity-apac-charts-a-path-to-a-smarter-digital-future-302829032.html

SOURCE HUAWEI

Continue Reading

Technology

Laifen Expands U.S. Retail Footprint with Costco Launch of Best-Selling SE Hair Dryer

Published

on

By

Starting July 18, Costco Members Can Shop Laifen’s Award-Winning Hair Dryer in Select Warehouse Locations Across the U.S.

NEW YORK, July 18, 2026 /PRNewswire/ — Laifen, ranked the world’s No.1 high-speed hair dryer brand, today announced the launch of its best-selling SE High-Speed Hair Dryer at select Costco warehouse locations, marking the brand’s largest U.S. retail expansion to date and bringing its award-winning haircare technology to Costco members across select U.S. markets.

The launch brings Laifen’s award-winning haircare technology to Costco, making it easier for consumers to experience the brand through one of the nation’s leading membership retailers. Laifen joins Costco’s growing portfolio of premium beauty and personal care brands. The initial rollout includes select Costco warehouse locations across the United States, with a strong presence across the Western U.S., including California, the Pacific Northwest and the Southwest.

Costco’s reputation for quality and its highly selective merchandising approach make this partnership especially meaningful. The Costco launch reflects Laifen’s continued expansion beyond direct-to-consumer channels as the brand accelerates its U.S. omnichannel retail strategy. “Costco represents an important milestone in our U.S. retail strategy,” said Romeo, General Manager of International Business of Laifen. “As more consumers seek salon-quality performance at an accessible price, we’re excited to make Laifen available through one of America’s most trusted retailers.”

Engineered to deliver professional-level performance in a sleek, lightweight design, the Laifen SE is powered by the brand’s proprietary high-speed brushless motor, delivering fast drying, reduced heat damage and smoother styling. An intelligent temperature control system continuously monitors airflow to help minimize frizz while protecting hair from excessive heat.

The Costco launch represents the next phase of Laifen’s U.S. retail expansion as the brand continues to grow beyond its direct-to-consumer and online channels. By expanding into one of the nation’s most trusted retailers, Laifen aims to broaden access to its category-disrupting haircare solutions while advancing its mission to bring more thoughtful design and everyday excellence into more homes.

The Laifen SE High-Speed Hair Dryer in White will be available at select Costco locations, while Costco.com shoppers will have access to additional color options including Purple and Pink, alongside the White model.

For more information on Laifen, please visit LaifenTech.com.

About Laifen: 

Founded in 2019, Laifen is a global personal care technology brand combining high-performance engineering with modern design across hair care, oral care, and grooming categories. Ranked the world’s No. 1 high-speed hair dryer brand by Euromonitor International, Laifen first gained recognition for its self-developed 110,000 RPM high-speed brushless motor, the proprietary technology behind its award-winning hair dryers.

Building on this innovation, Laifen has expanded its portfolio to include electric toothbrushes and shavers, delivering premium technology and elevated everyday experiences to consumers worldwide. Today, Laifen products and accessories are used by over 22 million households across more than 60 countries, supported by more than 600 patents and recognized with over 50 international design and innovation awards. Driven by continuous technological breakthroughs, Laifen is committed to making cutting-edge personal care technology more accessible to consumers around the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/laifen-expands-us-retail-footprint-with-costco-launch-of-best-selling-se-hair-dryer-302828573.html

SOURCE Laifen

Continue Reading

Technology

Pillsbury Notice of Data Breach

Published

on

By

NEW YORK, July 18, 2026 /PRNewswire/ — Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”) was among many law firms targeted by sophisticated social engineering attempts in an incident last year. While the firm quickly detected and blocked the activity, an unauthorized actor was able to access some of the firm’s documents during a short window of time. Pillsbury notified any impacted clients last year and undertook a detailed process to review the accessed documents for personal information. Pillsbury then began notifying individuals whose personal information was affected. That process is now complete, and today, Pillsbury is publishing substitute notice as a final step.

For more information, please visit the substitute notice on our website at https://www.pillsburylaw.com/en/breach-notice.html

View original content to download multimedia:https://www.prnewswire.com/news-releases/pillsbury-notice-of-data-breach-302828892.html

SOURCE Pillsbury Winthrop Shaw Pittman LLP

Continue Reading

Trending