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

Technology

ECOVACS launches DEEBOT X12 OmniCyclone and WINBOT mini 2: This Diwali is about your guests, not your cleaning

Published

on

By

MUMBAI, India, Oct. 19, 2026 /PRNewswire/ — ECOVACS Robotics today announced the launch of its flagship DEEBOT X12 OmniCyclone robot vacuum and the WINBOT mini 2 window-cleaning robot, built to take floor and window cleaning off your list during the festive season.

Diwali is when homes fill with family and friends. Between the sweets, rangoli, late-night gatherings and constant footfall, floors and windows take a beating, and cleaning up should not take away from the celebration. ECOVACS lets hosts stay present while their home looks after itself.

DEEBOT X12 OmniCyclone: Host the Party, Skip the Clean-Up

Stubborn festive stains, gone. Sticky sweets, spilled chai and dried-on cooking splatters are pre-softened by FocusJet Stain Pre-dissolving Technology, then lifted by a continuously freshwater-rinsed OZMO ROLLER 3.0, leaving floors streak-free.Spotless to the edges. TruEdge 3.0 cleans right along walls, cabinets and corners where crumbs gather, while BLAST suction clears dust, debris and hair, and ZeroTangle 4.0 prevents brush tangles.Hands-free, always ready. The OmniCyclone station takes care of the robot too. PureCyclone 2.0 Auto-empty Technology clears dust automatically with no replacement bags to buy, and automated station maintenance keeps your robot vacuum clean and ready for action, with minimal upkeep from you.Power through the busiest days. PowerBoost Charging Plus restores 13% battery in just 3 minutes, supporting uninterrupted cleaning across spaces of over 1,000 m² in adaptive charging mode.

“Festive seasons such as Diwali are when homes are at their fullest and floors work the hardest. With the DEEBOT X12 OmniCyclone, we want families to enjoy every moment with their guests while their home stays effortlessly clean,” said Chua Han Xiong, ECOVACS Robotics’ Head of Sales, South-east Asia and South Asia.

WINBOT mini 2: The Diwali Gift That Keeps Giving

Looking for something more thoughtful than sweets and dry fruits? The WINBOT mini 2 is an affordable, practical gift that makes everyday home care easier long after the festival ends.

Sparkling windows, no climbing. No stools, no stretching, no streaks, so windows are ready for festive lights and family photos. Ultrasonic Atomization Spray softens built-up stains for a thorough clean.Made for tricky spaces. Its ultra-slim 55mm body fits narrow windows, and upgraded four-corner brushes clean as close as 1mm from the frame.Smart and safe. WIN-SLAM 4.0 plans an efficient cleaning path, while 8,000Pa suction and a Ten-Tier Safety System keep operation secure.More than windows. It also cleans full-length mirrors, glass dividers and tiled bathroom walls, so one gift works across the whole home.

Set Up in Minutes, Supported Across India

ECOVACS offers free installation and demonstration after purchase, so customers never have to worry about setting up, backed by a service network spanning 200+ cities across India.

Make This Diwali Effortless

The DEEBOT X12 OmniCyclone and WINBOT mini 2 are available now at the ECOVACS official website, Amazon India and authorised retailers.

About ECOVACS ROBOTICS:

Founded in 2006, ECOVACS ROBOTICS is a global leader in home service robotics with a diverse portfolio of products encompassing robotic vacuum cleaners and robotic window cleaners. With its expansion into robotic lawn mowers, commercial cleaning robots, robotic pool cleaners and robotic pet companion, ECOVACS solidified its position as a multi-category leader in home service robotics.

Guided by the mission “Robotics for All,” ECOVACS continues to advance technology and enhance the user experience to make life smarter and more stylish for consumers worldwide. With sales subsidiaries in Germany, the United States, Japan, and Singapore, ECOVACS products reach nearly 180 major markets and serve over 38 million households globally.

A testament to this market leadership, ECOVACS ROBOTICS has ranked first in China’s robotic vacuum cleaner market by share for ten consecutive years (2015-2024), and in India for four (2023-2026).

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/ecovacs-launches-deebot-x12-omnicyclone-and-winbot-mini-2-this-diwali-is-about-your-guests-not-your-cleaning-302908758.html

Continue Reading

Technology

VTT Info: Finland lays the groundwork for large-scale underground hydrogen storage in crystalline bedrock

Published

on

By

ESPOO, Finland, Oct. 19, 2026 /PRNewswire/ — As Europe scales up renewable hydrogen production, large-scale hydrogen storage will be needed to balance production and consumption. A new Finnish study by VTT Technical Research Centre of Finland and Geological Survey of Finland GTK, together with companies operating in Finland’s hydrogen economy, shows that underground hydrogen storage can also be developed in crystalline bedrock – an important finding for countries and regions that cannot rely on salt caverns.

Underground hydrogen storage is needed to balance hydrogen production and use over days and weeks, not just hours. While hydrogen transmission pipelines can provide short-term flexibility, multi-day balancing requires large underground storage facilities. The findings are particularly relevant for Finland, which aims to become one of Europe’s leading hydrogen economies but lacks the underground salt caverns that are available for hydrogen storage in many other European countries.

“Developing underground hydrogen storage facilities is a lengthy and capital-intensive undertaking. The project estimated that constructing a 40,000 m³ storage facility would cost approximately EUR 30 million. Including planning and permitting phases, the overall project duration would be four to five years,” says Pasi Valkokari, Senior Scientist at VTT and project leader of the research initiative. 

In a joint research project funded by Business Finland, VTT and GTK have, for the first time, carried out a comprehensive assessment of the requirements for hydrogen storage under Finnish conditions. The HUG project also involved nearly twenty companies operating in Finland’s hydrogen economy. 

“The project has generated valuable knowledge on underground hydrogen storage alternatives and improved understanding of both the opportunities and the remaining uncertainties that need to be resolved. The results provide a strong foundation for developing large-scale hydrogen storage as an integral part of future hydrogen systems,” says Satu Sipola, Vice President, Hydrogen and Power-to-X, at Fortum Power and Heat. 

Storage cavern design and safety require further research

Existing underground salt caverns in Central Europe and the United Kingdom can be used for hydrogen storage as they provide naturally gas-tight conditions. Finland, however, lacks suitable salt formations, meaning that storage caverns must be excavated in crystalline bedrock and gas-tightness created with technical solutions. This makes Finland a relevant test case for other regions where salt cavern storage is not available.

“The geological site selection, site investigations, and material studies for a hard rock hydrogen storage facility are essential to ensure that the surrounding bedrock remains stable and that safety is not compromised if hydrogen were to react with other materials,” says Teemu Lindqvist, Geologist at GTK. 

The joint study examined the feasibility of locating large underground hydrogen storage caverns in Finnish bedrock. As an outcome, the project developed a high-level storage concept covering storage structure design, operating models, geological and safety requirements, technical and societal risks, investment needs, and ecosystem models. In addition to the findings, several important technical, commercial and regulatory questions remain and will require further investigation. 

“We are now preparing the next phase of the research with the industry consortium and aim to continue developing the research-based design requirements that will enable the development of a pilot facility and a replicable storage concept for wider deployment,” says Jutta Nyblom, who is responsible for industrial collaboration in the project and for preparing the initiative at VTT. 

Phased development of hydrogen economy

Finland’s hydrogen economy is expected to develop in stages. The first phase will see the emergence of regional hydrogen clusters. As hydrogen production and consumption volumes grow, dedicated storage facilities will become a critical enabler of commercially viable hydrogen value chains by helping to stabilise hydrogen prices and availability.

Initially, smaller storage solutions will suffice. However, the need for medium-scale underground hydrogen storage facilities with a volume of 10,000 to 40,000 cubic metres is expected to grow rapidly. 

“Public investment support is critical to accelerating green hydrogen investment and the development of Finland’s hydrogen economy, as well as ensuring that storage projects can move forward without delay.  Alongside public support, projects will require close collaboration across value chains, a stable and predictable regulatory environment, and firm offtake commitments to move forward,” says VTT’s Pasi Valkokari. 

Industrial partners of the HUG project 
AFRY Finland Oy
BusinessOulu
Danfoss Drives Oy
DEKRA Industrial Oy
EDR Medeso Oy
Energiateollisuus ry
Fortum Power and Heat Oy
Gasgrid vetyverkot Oy
Geomachine Oy
Green North Energy Oy
Helen Oy
Lujabetoni Oy
Mincon Nordic Oy
Neste Oyj
St1 Oy
Sweco Finland Oy
Valmet Automation Oy
Vantaan Energia Oy

The project was primarily funded by Business Finland. Research activities were carried out by VTT Technical Research Centre of Finland and the Geological Survey of Finland GTK. 

CONTACT:

For additional information:

Read the full report here
Media material with pictures and infographic
HUG website

VTT
Pasi Valkokari, Senior Scientist
pasi.valkokari@vtt.fi
+358 40 827 8919

Jutta Nyblom, Senior Scientist for industry collaboration and HUG2 project preparation
jutta.nyblom@vtt.fi
+358 40 538 8430

Geological Survey of Finland GTK
Teemu Lindqvist, Project Manager
teemu.lindqvist@gtk.fi
+358 29 503 2171

Fortum
Fortum NewsDesk, newsdesk@fortum.com, +358 40 198 2843

Further information on VTT:

Satu Holm-Jumppanen
Manager, Communications
+358 50 305 4718, satu.holm-jumppanen@vtt.fi 
www.vtt.fi

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/vtt-info/r/finland-lays-the-groundwork-for-large-scale-underground-hydrogen-storage-in-crystalline-bedrock,c4409753

The following files are available for download:

https://mb.cision.com/Main/642/4409753/4323899.pdf

Finland lays the groundwork for large-scale underground hydrogen storage in crystalline bedrock

 

View original content:https://www.prnewswire.co.uk/news-releases/vtt-info-finland-lays-the-groundwork-for-large-scale-underground-hydrogen-storage-in-crystalline-bedrock-302912362.html

Continue Reading

Technology

Elbit Systems Awarded $235 Million Contract to Supply EXTRA-MR Rockets and PULS Launchers to a European Country

Published

on

By

HAIFA, Israel, Oct. 19, 2026 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that it was awarded a contract valued at approximately $235 million to supply EXTRA-MR (Medium Range) rockets and Precise & Universal Launching System (PULS™) rocket artillery systems to a European customer, under a government-to-government (G-to-G) agreement between the Israel Ministry of Defense and the customer country’s Ministry of Defense. The contract will be performed over a period of three years.

Under the contract, Elbit Systems will supply the medium-range variant of the Company’s EXTRA supersonic rocket system. The contract also includes the delivery of PULS launchers, additional rocket-artillery-related platforms, and integrated logistics support.

The EXTRA-MR (Medium-Range) is a precision-guided rocket munition designed for mid-range operational scenarios, enabling highly accurate engagement of high-value targets at ranges of up to 80 km. Fully compatible with Elbit Systems’ PULS and existing C4I architectures, the system provides a flexible and cost-effective capability across a broad range of mission profiles.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: “This contract award further strengthens Elbit Systems’ position as a global leader in rocket artillery systems and reflects the growing international demand for our advanced rocket and launcher capabilities. The PULS systems and precision rocket solutions are recognized among the leading systems in their category and have been selected by a growing number of customers worldwide, including European and NATO member states. We remain committed to delivering advanced operational capabilities that support our customers’ evolving defense requirements.”

About Elbit Systems

Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.

Driven by its agile, collaborative culture, and leveraging Israel’s technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.

Elbit Systems employs over 21,000 people in dozens of countries across five continents. The Company reported $2,287.1 million in revenues for the three months ended June 30, 2026 and an order backlog of $32.0 billion as of such date.

For additional information, visit: https://elbitsystems.com, follow us on X or visit our official Facebook, Youtube and LinkedIn Channels.

Company Contact: 
Dr. Yaacov (Kobi) Kagan, Executive VP – CFO
Tel:  +972-77-2946663
kobi.kagan@elbitsystems.com 

Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com

Dalia Bodinger, VP, Communications & Brand
Tel: 972-77-2947602+
dalia.bodinger@elbitsystems.com

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; including the duration and scope of the war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.’s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this press release.

Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this press release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/elbit-systems-awarded-235-million-contract-to-supply-extra-mr-rockets-and-puls-launchers-to-a-european-country-302912363.html

SOURCE Elbit Systems Ltd.

Continue Reading

Trending