All Industries

No Need To Sell Bitcoin: Get A Crypto-Backed Loan Instead

Ledn

By Austin DeNoce, Benzinga Many investors trade crypto as a way to make short-term profits. However, what about those who purchase cryptocurrencies such as Bitcoin and Ether with the intention of holding them as long-term investments, anticipating future appreciation? Most people assume that these assets need to be sold to unlock their financial value. However, there is another way to access liquidity without selling valuable currencies like Bitcoin and Ether – crypto-backed loans. Through the process of crypto-backed loans, crypto holders can use their digital assets as collateral to secure USD (or other currency) loans. This innovative approach allows individuals to maintain ownership of their cryptocurrencies while accessing liquid funds in the form of fiat or stablecoins. Accessing Liquidity Through Crypto Loans Crypto loans offer crypto holders a strategic avenue for liquidity without divesting their digital holdings. By using cryptocurrencies as collateral, crypto holders can secure loans that provide immediate liquidity. This liquidity can be used to further diversify investment portfolios, cover personal expenses or even support business ventures. Importantly, accessing funds in this way does not constitute a sale of the crypto assets, meaning you aren’t realizing any gains or potentially creating a taxable event. You are still allowing the crypto to potentially appreciate in value. Such financial flexibility can amplify your ability to navigate and capitalize on market opportunities without sacrificing your long-term crypto investments. Why Choose Ledn? Ledn stands out as a leading platform for managing and growing digital assets. It emphasizes simplicity and transparency, crucial for building trust. Ledn offers a reliable environment for crypto lending as it is backed by notable investors like Coinbase and 10T Holdings and Ledn Cayman SEZC Inc. holds regulatory approval from the Cayman Islands Monetary Authority. For those needing liquidity, Ledn provides crypto-backed loans, which are typically available within 24 hours after approval. These loans are flexible, with no penalties for early repayment, no mandatory monthly payments and 50% loan-to-value. They support only the most liquid cryptocurrencies as collateral (e.g. BTC, ETH) and maintain high security standards. Clients can choose between their Standard and Custodied loan options depending on their risk tolerance. Risk Management And Transparency Ledn sets itself apart in the digital asset industry by prioritizing risk management and transparency. Ledn was the first crypto lender to introduce biannual Proof-of-Reserves attestations that allow users to verify their assets are accurately accounted for. The decision mirrors the ‘verify don’t trust’ ethos of Bitcoin to create a new standard of accountability in digital asset management. Ledn also offers a monthly open book report to break down its asset utilization and interest generation to help users understand what drives Ledn’s rates. This commitment to transparency is unparalleled by competitive platforms and ensures that clients are well-informed. In an industry that has suffered from the Celsius and BlockFi collapses, client trust must be earned. Ledn says it is the only lending platform that provides its users with all the essential information to independently confirm the status of their crypto holdings. A New Era Of Crypto Financing If you're in need of liquidity but don’t want to sell your assets and potentially create a taxable event, Ledn can help you through a secure and transparent lending service. It is a robust solution for anyone looking to maximize the potential of their digital assets in the evolving crypto economy. Featured photo by Jievani Weerasinghe on Unsplash. Ledn builds innovative financial products with a mission to make generational wealth more accessible through digital assets. The company issued Canada’s first bitcoin-backed loan in 2018 and has issued nearly $5B loans since. Ledn is proud to help clients in over 130 countries access credit and savings products to grow their digital wealth. For more information, visit ledn.io. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing or tax advice. Contact Details Adam Reeds adam@ledn.io Company Website https://ledn.io/

April 26, 2024 08:15 AM Eastern Daylight Time

Image

Beeline's Miguel Vega: "The Dream of Owning a Piece of America is a Dominant Theme in the Latino Community"

Beeline

April 26, 2024 – TheNews w ire – Global Stocks News – Beeline – a fintech mortgage lender – just announced the May 1, 2024 launch of their Spanish-speaking home loan experience. The initiative, dubbed 'Colmena' (hive in English) is aimed at breaking down the barriers to homeownership for Latino communities. According to the U.S. Census Bureau, The U.S. Hispanic population has reached 62.1 million, accounting for 19% of all Americans. The custom machine learning models at Beeline will allow its AI GPT-powered mortgage chatbot to instantly respond to mortgage enquiries using a Spanish conversational interface. “Beeline recognizes the unique challenges faced by Latino families in accessing affordable housing and navigating a mortgage,” states the PR. “With 'Colmena', they aim to bridge this gap.” Spearheading the 'Colmena' initiative for Beeline is Miguel Vega, who has 25 years as a U.S. Hispanic market consultant and is a National Affordable Housing Advocate — Miguel is of Mexican-Texan heritage. “Serving the Latino community is a big opportunity for Beeline,” Vega told Guy Bennett, the CEO of Global Stocks News (GSN). “The largest segment of growth in homeownership is in the Hispanic market.” “Latinos tend to live with their parents in multi-generational family households,” Vega explained. “There’s an economic and cultural dimension to this. You need to understand both. The dream of owning a piece of America is a dominant theme in the Latino community.” Beeline is a young technology & finance company that has quickly found traction in the competitive mortgage landscape. Click Image To View Full Size “A lot of Latinos have difficulty qualifying for traditional mortgages,” Beeline CEO Nick Liuzza told GSN. “This is connected to their heavy participation in the gig economy.” “Half of all immigrants are engaged in independent work,” confirms the DC Journal, “Earning part-time or full-time income through consulting, delivery services, nursing, ride-sharing, dog-walking — you name it.” Without regular pay-stubs and long-term employment contracts, established, financially secure gig workers often find it difficult to qualify for a traditional mortgage. Legacy banks have underestimated the power and size of the gig economy, and the Hispanics that underpin it. The Bank of America (BOA) measures “gig-type income” through direct and debit card deposits. Freelancers are typically paid in cash, by cheque or e-transfer. “Is the peak of the gig economy now behind us?” asks The Bank of America (BOA)? The short answer is “No”. “The gig economy is expanding 3x faster than the total US workforce,” reports Team Stage. “Over 50% of the US workforce is likely to participate in the gig economy by 2027.” Beeline is filling in a gap in services left by legacy banks. Spanish speaking workers play a disproportionately large role in the gig economy. Click Image To View Full Size Source: https://www.zippia.com/advice/gig-economy-statistics/ “Gig workers are judged on old models of assessing risk,” stated Liuzza, “Colmena is going to introduce a wider spectrum of products than most lenders, allowing Latino borrowers a higher probability of success in landing a mortgage.” In addition to the usual conventional, FHA (Federal Housing Administration) and VA (Veteran Affairs) loans offered by many lenders, Beeline can provide Latino borrowers debt service coverage ratio (DSCR), bank statement, bridge and fix-n-flip loans that have already proved popular with other gig workers. “Spanish speakers will be automatically routed down a Spanish customer journey just for them and matched with a bilingual loan officer with certain loan documents in Spanish initially,” states Beeline. "Colmena will feature tailored mortgage products that are culturally aligned to addressing the specific needs and preferences of Latino homebuyers plus educational resources to promote homeownership and empower individuals and families to achieve their dreams of owning a home,” said Vega. Bob, Beeline's AI chatbot already speaks Spanish when prompted, but the next version will instantly detect the language based on the question, give faster, more accurate Spanish answers about products and offer educational content to help Spanish speakers prepare. "Often, Latino home buyers aren’t aware of their options," stated Vega, "It's a popular belief that you need 20% down and a FICO of 800 to be in the homeownership game. It's our job to educate Latinos that their dream is a lot closer than they think — which goes to the heart of what Beeline does." Beeline’s digitized, automated, on-line mortgage application platform is well-positioned to bridge the gap between Latinos and home ownership. “Hispanic Americans are heavier social media users overall compared to non-Hispanic Americans,” states Civic Science. “As of July 2023, 85% of Hispanic Americans say they use social media to some extent, compared to 80% of non-Hispanic Americans. The widest gap is observed in Instagram usage. Click Image To View Full Size Instagram @gomakeabeelineespanol “Instagram, Facebook and TikTok are good platforms to reach the Latino community,” confirmed Vega. “We will use social media to introduce the 65 million US-based Latinos to Beeline’s products and services.” “Over the last few years, I helped 2,500 Latino individuals and families get mortgages,” recalled Vega. “Many of them were 2 nd and 3 rd generation Latinos. Even though they are fluent in English, the majority of them still have deep roots in their culture.” "At Beeline, we believe that homeownership should be within reach for all Americans, regardless of background or ethnicity," said Liuzza. "With Colmena we will be able to interact with thousands of Latino customers simultaneously, 24/7 at an extremely low cost, with Spanish speaking human help never far away.” “Helping Latinos achieve home ownership is rewarding work,” concluded Vega. “From this group of 2,500 Spanish speaking home owners, the default rate was zero. A lot of the Latino borrowers paid off their mortgages early. With Beeline’s technology and knowledge of the Hispanic community, we have an important role to play.” For more information about 'Colmena' go to: Website: www.makeabeeline.com\espanol Instagram @gomakeabeelineespanol Facebook https://www.facebook.com/gomakeabeelineespanol Contact: guy.bennett@globalstocksnews.com Full Disclaimer

April 26, 2024 08:05 AM Eastern Daylight Time

Image

KangaMoon Makes Waves in the Altcoin Space, While Solana and Toncoin Experience Market Shifts

Kangamoon

Established altcoins such as Solana (SOL) and Toncoin (TON) experience market swings. However, none have risen as rapidly as KangaMoon (KANG), a rising Stage 5 presale star. Early buyers of this altcoin have already obtained a 290% ROI. Many analysts hint that this crypto may become the next $1 altcoin in 2024. Let’s see why. Altcoin Sherpa Remains Bullish for the Solana Coin Recently, Solana (SOL) has been on an uptrend. According to CoinMarketCap data, the Solana price increased from $136 to $153 over the past week alone. Its market cap soared from $60.73B to $68.66B during that time. Crypto analyst Altcoin Sherpa claims that a price chop between the $115-$140 area could signal a bottom for SOL, which is very bullish. The technical analysis for the Solana crypto also shows bullish signs. For example, this altcoin trades above its 100 and 200-day EMAs while boasting 25 green technical indicators. As a result, experts in the crypto field have made a bullish Solana price prediction. They forecast a jump to $228.09 before Q2 of 2024 ends for Solana. Toncoin Price Analysis: Showing an Upward Trajectory Meanwhile, Toncoin (TON) is another altcoin that has been soaring. CoinMarketCap data shows that the Toncoin price jumped from $4.90 to $5.65 in the last 30 days. This altcoin’s market cap surged from $17.09B to $19.64B in that period. This bullish trend for the Toncoin crypto may continue as its technical analysis is bullish. Notably, there are now 15 technical indicators in the buy zone. Not only that, Toncoin is now trading above its 50—and 100-day EMAs. Market analysts note all these factors when making their Toncoin price predictions. Thus, they predict a rise to $3.34 within Q2 of 2024. KangaMoon (KANG): A Future Member of the Top 10 Altcoins During the market shifts of Solana and Toncoin, KangaMoon (KANG) emerged as a contender with great potential. This altcoin is gaining popularity, boasting over 20K community members and 5.8K KANG holders. Traders have been captivated by the project’s attention to the Play-to-Earn (P2E) industry, which is estimated to be worth $885M by 2028. KANG is unique in its use as an in-game currency for KangaMoon’s upcoming P2E game. This adds value because players can buy items in-game or even upgrade their characters. Additionally, KangaMoon will give KANG holders exclusive access to weekly, monthly, and quarterly challenges for extra tokens and in-game items. Moreover, its focus on giving back sets KangaMoon apart from others. So far, free KANG tokens have been distributed among the most active community members before launching officially. Consequently, this move has made countless individuals engage with KangaMoon’s social media posts by liking, sharing and retweeting them. KANG costs just $0.0196 as it is in Stage 5 of its presale—a 290% jump from its starting price. However, analysts still strongly believe in Kangamoon’s future growth potential. They foresee a rise to $1 once a Tier-1 CEX lists this altcoin in Q2 of 2024. With this prediction coming true, KANG may emerge as one of the best altcoins to buy. Can KangaMoon Outpace Solana and Toncoin? With a market cap of $19.6M, KangaMoon may outpace Solana and Toncoin since it needs fewer new funds to raise its price. Thanks to this advantage, KangaMoon has the potential to become one of the top 10 altcoins that you can now buy for a low price. If interested, sign up for its presale using the links below and obtain a 20% bonus on each purchase. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://Kangamoon.com/ Join Our Telegram Community: https://t.me/Kangamoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: 1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

April 26, 2024 07:05 AM Central Daylight Time

Image

News Release

AbraSilver Announces Closing of C$20 Million Strategic Investments by Kinross Gold and Central Puerto

AbraSilver Resource Corp.

Toronto – TheNewswire - April 26, 2024 - AbraSilver Resource Corp. (TSXV:ABRA ); ( OTC:ABBRF) ("AbraSilver" or the “Company”) is pleased to announce the completion of its previously announced non-brokered private placement (the “Private Placement”). The Company issued 50,000,000 common shares (the “Common Shares”) at a price of $0.40 per share for aggregate gross proceeds of C$20 million. As a result, Kinross Gold Corporation (“Kinross”) (NYSE: KGC, TSX: K) and an affiliate of Central Puerto SA (“Central Puerto”) (NYSE: CEPU) each own approximately 4.0% of the outstanding Common Shares on an undiluted basis. All Common Shares issued in connection with the closing of the Private Placement are subject to a four-month-and one-day statutory hold period in accordance with applicable securities laws. The strategic investments by Kinross and Central Puerto call for the formation of a five-person Technical Advisory Committee comprised of two members from AbraSilver, two members from Kinross and one member from Central Puerto. The Technical Advisory Committee will provide advice and guidance on the upcoming Phase IV exploration campaign and the future development plans for the Company’s flagship Diablillos project in Salta Province, Argentina (“Diablillos”). Separately a Strategic & Operational Committee will be formed, comprised of two members from AbraSilver and two members from Central Puerto. The Strategic & Operational Committee will provide advice and guidance on strategic, operational, financial, tax, infrastructure, government and regulatory affairs, among others matters. Mr. John Miniotis, President and CEO of AbraSilver commented: “We are very pleased to welcome both Kinross and Central Puerto as key shareholders and strategic partners in AbraSilver. With a strong balance sheet consisting of approximately C$25 million in cash, the Company is now very well positioned to aggressively advance Diablillos and continue to unlock value for all shareholders. We now turn our focus to the upcoming drill program at Diablillos, which will be commencing over the coming weeks and additional details will be provided in the near future.” The Company will use the proceeds of the Private Placement for exploration and development of Diablillos and for working capital and general corporate purposes. In connection with the completion of the Private Placement, the Company will pay aggregate cash finders’ fees of C$900,000 to INFOR Financial Inc. and Southern Cone Partners. About AbraSilver AbraSilver is an advanced-stage exploration company focused on rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina. The current Proven and Probable Mineral Reserve estimate for Diablillos consists of 42.3 Mt grading 91 g/t Ag and 0.81 g/t Au, containing approximately 124 Moz silver and 1.1 Moz gold, with significant further exploration upside potential. In addition, the Company has entered into an earn-in option and joint venture agreement with Teck on the La Coipita project, whereby Teck can fund up to US$20 million in exploration expenditures and make certain other payments to earn up to an 80% interest. AbraSilver is listed on the TSX-V under the symbol “ABRA” and in the U.S. on the OTCQX under the symbol “ABBRF.” For further information please visit the AbraSilver Resource website at www.abrasilver.com, our LinkedIn page at AbraSilver Resource Corp., and follow us on Twitter at www.twitter.com/abrasilver. Alternatively please contact: John Miniotis, President and CEO info@abrasilver.com Tel: +1 416-306-8334 Cautionary Statements This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company’s disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR+ at www.sedarplus.ca. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

April 26, 2024 07:30 AM Eastern Daylight Time

Family Tech Trends – Spring 2024

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

April 26, 2024 07:00 AM Eastern Daylight Time

Video

HTX Liquid Restaking: 112,816 MERL Airdrop Rewards for a Single User, and More Premium Projects Awaiting You

HTX

Recently, the MERL airdrop has caused a sensation in the volatile crypto market with remarkable returns on investment. Users participating in the Liquid Restaking event on the HTX platform have also received $MERL tokens in real-time— with a single user receiving 112,816 MERL airdrop rewards. This is just one of the many earning opportunities brought by HTX Liquid Restaking, and many star projects are waiting for users to stake and reap the rewards. One-Click Staking and One-Click Redemption: Claim MERL Airdrop Rewards Easily at HTX Liquid Restaking HTX Liquid Restaking has simple and easy-to-understand rules, with high returns, no threshold, no lock-up, and more flexibility. Any user holding crypto assets on HTX can participate. This recent MERL airdrop is just the beginning, with many more high-quality projects in the upcoming airdrop session. To share the dividends of the on-chain ecosystem, choose HTX Liquid Restaking to easily stake your crypto assets and receive airdrops from star projects in the future, without complicated processes or technical knowledge. HTX Liquid Restaking has simple and efficient processes and brings users substantial returns. According to HTX's official announcement, HTX follows the same on-chain distribution rules for MERL rewards. The initial 50% of MERL airdrops released in April were fully distributed by April 22. Calculated at the current MERL price, the airdrop rewards distributed through the HTX Liquid Restaking event are not significantly different from those obtained directly on-chain, with APRs of approximately 88.02% and 88.24%, respectively. With the one-click redemption feature, LRS points will be upgraded to corresponding project points, and redemption will be supported on the event page to facilitate users to claim subsequent rewards. Users can also conveniently convert airdrop rewards into other digital assets to maximize their profits. Explore New High-Yield Projects with HTX as Airdrop Session Nears In addition to the MERL airdrop, HTX Liquid Restaking has also selected many potentially high-yield on-chain restaking projects. These projects cover different ecosystems and provide users with diverse choices. Users can still participate in staking for these projects on HTX to earn points in one click and redeem airdrop rewards in the future. In addition to Merlin Chain, other projects expected to launch airdrops of tokens for the first time include the Ethereum restaking projects, EigenLayer and Puffer, and the Bitcoin staking chain, BounceBit. HTX users can register for Liquid Restaking with their spot and futures account balances snapshotted to earn rewards. In addition to the above airdrop rewards, they can also win crypto rewards such as ETH, USDT, HTX, and TRX. HTX provides easy access to the Liquidity Restaking event —— Visit the Liquid Restaking event page on the platform, and users can fund their HTX account by making deposits, trades, etc., to hold at least $1 worth of BTC, ETH, USDT, HTX, TRX, or other designated assets to enroll in the event with just one click and receive rewards. With these on-chain projects rolling out airdrops in the future, greater airdrops come with earlier participation! Users can stay tuned to the latest updates on the platform to gain lucrative returns. The MERL airdrop preludes the upcoming airdrop harvest season. HTX Liquid Restaking provides a simple and efficient way to participate in restaking. It brings users substantial returns while lowering the threshold for sharing this wave of on-chain dividends, offering infinite investment opportunities and possibilities for everyone. The HTX Liquid Restaking event is attracting more and more crypto investors seeking stable returns. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

April 26, 2024 04:17 AM Eastern Daylight Time

Raboo Crypto Presale Draws over $1 Million in Investment as Bittensor and Theta Network Slide

Total Media

As the crypto world witnesses fluctuating fortunes, Raboo stands out in its presale phase, drawing over $1 million in investment. Positioned at the forefront of AI crypto advancements, Raboo is captivating the market with its promising RABT token, priced at just $0.0036. Meanwhile, established players like Bittensor and Theta Network are experiencing declines after stellar surges. With over 1,400 token holders and projections of a 100x price surge on launch day, let’s see why Raboo’s crypto presale has captured hearts and wallets alike. Raboo rockets to crypto stardom with over $1 million presale bonanza Raboo, a budding meme coin, has quickly captured the hearts and wallets of investors, gaining over a staggering $1 million in its presale phase. Raboo is a pioneering force in meme culture, powered by SocialFi and artificial intelligence. Raboo is powered by an AI designed to refine and perfect the art of meme-making. This AI, known as Rabooscan, uses advanced technology to evaluate and enhance memes it encounters on social platforms, ensuring only the best survive. With a well-planned tokenomics strategy, the RABT token is more than just a medium of exchange; it's a tool driving the $62 billion meme market. Investors can stake their RABT tokens to earn attractive rewards, solidifying their role in Raboo's long-term vision. Moreover, early investors gain exclusive access to Raboo's NFTs, with gateways to potential rewards and perks. Bittensor's stellar surge or flash in the pan? Bittensor has seen significant growth and dynamic developments in the crypto landscape. The highlight was Bittensor's debut on Binance, catapulting it into the spotlight with new trading pairs and enhancing Bittensor's liquidity and reach. This move significantly bolstered Bittensor's market presence, with a swift 15% price increase post-listing. Bittensor's embrace of AI-driven crypto has also paid off, with its market cap nearing a massive $10 billion after a 140% jump in TAO token value over the last months. However, at press time, TAO keeps sliding lower and lower – over 20% in the past month and a week, currently settling at approximately $455, significantly down from its ATH on the 7 th of March at $757. Theta Network sets the stage for AI revolution with EdgeCloud launch Theta Network is on the brink of a technological breakthrough with the upcoming launch of Theta EdgeCloud in spring 2024. This innovative platform from Theta Network aims to use decentralized GPU power to enhance AI and video processing tasks. Furthermore, Theta Network has recently completed scheduled maintenance to transition the Theta Video API to the new EdgeCloud system, underlining Theta Network's commitment to enhancing its infrastructure. These steps by Theta Network demonstrate its dedication to leveraging blockchain for cutting-edge video streaming and AI processing capabilities. With this exciting announcement, Theta is up 19% in the past week alone. Summary As the Raboo crypto presale surpasses $1 million, the opportunity to join is rapidly fading away. This exclusive AI crypto initiative has already attracted significant attention, making it a prime investment in a volatile market. Don't miss out—join the Raboo presale today! You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

April 25, 2024 05:06 PM Eastern Daylight Time

Image

Correcting and Replacing - American Outdoor Brands to Present at SHARE Series Event

American Outdoor Brands

COLUMBIA, Mo., April 25, 2024 – American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT), an industry leading provider of products and accessories for rugged outdoor enthusiasts, today announced that the company’s President and CEO, Brian Murphy, will participate in the SHARE Series (virtual event) on Tuesday, April 30, 2024, at 2:00 p.m. ET. This event is set in a fireside chat format and intended to provide access to retail investors. The live stream of this presentation will be webcast live on the SHARE platform. Interested attendees can register and attend at share-series.open-exchange.net or via the American Outdoor Brands website at ir.aob.com/events. An archived replay will be available on the SHARE Series website and the American Outdoor Brands website for approximately 90 days following the event. About American Outdoor Brands, Inc. American Outdoor Brands, Inc. (NASDAQ Global Select: AOUT) is an industry leading provider of outdoor products and accessories, including hunting, fishing, camping, shooting, outdoor cooking, and personal security and defense products, for rugged outdoor enthusiasts. The Company produces innovative, top quality products under its brands BOG®; BUBBA®; Caldwell®; Crimson Trace®; Frankford Arsenal®; Grilla Grills®; Hooyman®; Imperial®; LaserLyte®; Lockdown®; MEAT!; Old Timer®; Schrade®; Tipton®; Uncle Henry®; ust®; and Wheeler®. For more information about all the brands and products from American Outdoor Brands, Inc., visit www.aob.com. Contact Details Liz Sharp +1 573-303-4620 lsharp@aob.com Company Website https://www.aob.com/

April 25, 2024 04:16 PM Eastern Daylight Time

News Release

Sernova Provides Organizational Update

Sernova Corp.

Dr. Philip Toleikis to retire as of April 30, 2024 Cost savings from restructuring and strategic transformation anticipated to extend runway Board rebuild underway LONDON, Ontario; BOSTON, Massachusetts – TheNewswire - April 25, 2024 – Sernova Corp. (TSX:SVA) (OTC:SEOVF) (FSE/XETRA:PSH), a clinical-stage biotechnology company focused on the development of regenerative medicine cell therapies for treatment of chronic diseases, today announced the retirement of Chief Technology Officer (CTO), Dr. Philip Toleikis along with progress on strategic transformation efforts including a restructuring of operations and a workforce reduction of approximately 35%. Commenting on his retirement, Dr. Toleikis said, “It has been a tremendous honor and privilege to serve Sernova since 2009, initially as the President, CEO and director, and more recently as its CTO. Significant progress has been made and there is exciting work ahead that I am confident will be realized by the team, under the guidance of our CEO, Ms. Pussinen.” Dr. Toleikis further states, “I am pleased to provide continued support to Sernova as a consultant. I am proud of the Company’s advancements towards redefining the way chronic diseases will be treated using a cell therapy-based approach while importantly contributing to improving the lives of those living with chronic diseases.” “Philip’s contributions to Sernova’s research and development, and fund-raising efforts have been foundational to the Company’s evolution into a next-generation regenerative medicine company,” said Brett Whalen, Chairman of the Sernova Board. “He will leave a company which is well-positioned to foster the next wave of innovations in stem cell therapies. On behalf of the Board of Directors and the entire company, I would like to thank Dr. Philip Toleikis for his contributions and unwavering dedication to the Company. We wish him all the best for his future.” As communicated in early April, following a review of the company’s therapeutic pipeline and emerging opportunities for its Cell Pouch system platform technologies, Sernova confirmed key priorities including its lighthouse program in insulin dependent Type 1 Diabetes plus its intention to advance an IND filing for its post-operative hypothyroidism program. “The pipeline and platform review and associated strategy refresh highlighted several ways by which to optimize financial resources, extending the Company’s cash runway. We continue to seek ways to raise additional capital to strengthen our financial foundation,” said Cynthia Pussinen, Chief Executive Officer of Sernova. “In connection with the strategic transformation, we will pause on any new investments into the conformal coating program to reallocate funds. In parallel, we continue to evaluate alternative approaches to obviate the need for immunosuppressive regimens for our allogeneic therapies.” Sernova has implemented a plan to fortify the balance sheet and cash position, including a workforce restructuring, representing a key step towards streamlining the organization while ensuring the ability to secure core competencies needed to drive further progress in key clinical and pre-clinical assets. “Decisions to scale back or to rebalance headcount are extremely difficult. I want to express my heartfelt appreciation and gratitude to those impacted for their invaluable contributions, dedication to helping patients and impact to furthering the Company’s vision of a future where chronic conditions are no longer insurmountable obstacles”, said Ms. Pussinen. The Company confirms the completion and closure of all internal investigation efforts, previously announced with respect to its former CFO and potentially a second employee of the Company. No new findings were revealed and there will be no further action on the matter. The investigation confirmed that there have been no securities violations and that findings bore no material impact to financial statements and operations. Lastly, Sernova Director Mr. Bertram von Plettenberg has retired from the Company’s Board, effective April 23rd. “The Board and Management sincerely thank Mr. von Plettenberg for his past year of service to the Company, and wish him well in future endeavors,” said Ms. Pussinen. “The evolution and composition of the Board will continue, as we look to enhance our life sciences industry specific strength, to better serve our patients and shareholders.” ABOUT SERNOVA’S ANNUAL GENERAL MEETING Sernova’s Annual General Meeting will be held on Tuesday April 30, 2024 starting at 1:00 PM ET. The meeting will be conducted virtually, via live webcast and accessible online at https://virtualmeetings.tsxtrust.com/1571. Please note that this site may not be fully accessible on all internet browsers, and it is advisable to use a browser other than Internet Explorer for optimal experience. If you are unable to join the meeting through your usual web browser, we suggest trying an alternate browser. For investors who wish to submit questions via the TSX Trust portal voting control numbers will be needed. For attendees who would simply like to listen to the meeting conduct, you can register as a guest. ABOUT SERNOVA AND ITS CELL POUCH SYSTEM PLATFORM FOR CELL THERAPY Sernova Corp. is a clinical-stage biotechnology company that is developing therapeutic cell technologies for chronic diseases, including insulin-dependent diabetes, thyroid disease, and blood disorders that include hemophilia A. Sernova is currently focused on developing a ‘functional cure’ for insulin-dependent diabetes with its lead technology, the Cell Pouch System, a novel implantable and scalable medical device with immune protected therapeutic cells. On implantation, The Cell Pouch forms a natural, vascularized tissue environment in the body allowing long-term survival and function of therapeutic cells that release essential factors that are absent or deficient in the bodies of patients with certain chronic diseases. Sernova’s Cell Pouch System has demonstrated its potential to be a ‘functional cure’ for people with T1D in an ongoing Phase 1/2 clinical study at the University of Chicago. Sernova partnered with Evotec to develop an implantable off-the-shelf iPSC (induced pluripotent stem cells) based islet replacement therapy. This partnership provides Sernova a potentially unlimited supply of insulin-producing cells to treat millions of patients with insulin-dependent diabetes (type 1 and type 2). Sernova’s development pipeline that uses its Cell Pouch System also includes: a cell therapy for hypothyroid disease resulting from thyroid gland removal and an ex vivo lentiviral Factor VIII gene therapy for hemophilia A. FOR FURTHER INFORMATION, PLEASE CONTACT: Christopher Barnes VP, Investor Relations Sernova Corp. Tel: +1 519-902-7923 Email: christopher.barnes@sernova.com Website: www.sernova.com FORWARD-LOOKING INFORMATION This release contains statements that, to the extent they are not recitations of historical facts, may constitute “forward-looking statements” that involve various risks, uncertainties, and assumptions, including, without limitation, statements regarding the prospects, plans, and objectives of the company. Wherever possible, but not always, words such as "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential for" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur are used to identify forward-looking statements. These statements reflect management’s beliefs with respect to future events and are based on information currently available to management on the date such statements were made. Many factors could cause Sernova’s actual results, performances or achievements to not be as anticipated, estimated or intended or to differ materially from those expressed or implied by the forward-looking statements contained in this news release. Such factors could include, but are not limited to, the company’s ability to secure additional financing and licensing arrangements on reasonable terms, or at all; ability to conduct all required preclinical and clinical studies for the company’s Cell Pouch System and or related technologies, including the timing and results of those trials; ability to obtain all necessary regulatory approvals, or on a timely basis; ability to in-license additional complementary technologies; ability to execute its business strategy and successfully compete in the market; and the inherent risks associated with the development of biotechnology combination products generally. Many of the factors are beyond our control, including those caused by, related to, or impacted by the novel coronavirus pandemic. Investors should consult the company’s quarterly and annual filings available on www.sedarplus.ca for additional information on risks and uncertainties relating to the forward-looking statements. Sernova expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

April 25, 2024 04:00 PM Eastern Daylight Time

1 ... 210 211 212 213 214 ... 3725

Back