News Hub | News Direct

All Industries


Article thumbnail News Release

New Scientific Studies Reveal Drastically Low Numbers of Giant Sequoia Seedlings in Some Areas Burned by Mega-Fires

Save the Redwoods League

In two comprehensive giant sequoia regeneration studies, announced today by the Giant Sequoia Lands Coalition, researchers with the U.S. Geological Survey’s Western Ecological Research Center found that some areas affected by recent mega-fires may not have enough seedlings to grow the next generation of millennia-aged trees. Extreme wildfires have killed up to 20% of the world’s mature giant sequoias since 2015, a majority of which perished from three wildfires in 2020 and 2021. The recent mega-fires burned at a size and severity far more extreme than the historic norm, and the new studies show that without intervention, some giant sequoia groves may experience a long-term or permanent loss of acreage as seed trees have died, and the number of new seedlings is exceptionally low. “What we used to call high-severity fire does not compare to the unprecedented scale and severity of the wildfires we’ve experienced in recent years in the Sierra Nevada,” said one of the paper’s lead authors, Nathan Stephenson, Ph.D., scientist emeritus at the U.S. Geological Survey’s Western Ecological Research Center and one of the foremost experts on sequoias. “Giant sequoias are the largest trees in the world. They’re fire-adapted and rely on fire to reproduce. But recent fires have killed thousands of mature trees and, in some cases, their seeds too.” The U.S. Geological Survey has provided scientific expertise and data-driven models to the Giant Sequoia Lands Coalition to inform land management and restoration decisions. Researchers also noted that the seedlings that germinated after the 2020 and 2021 wildfires are growing under new climate conditions, including higher average temperatures and the most severe drought conditions of the 121-year historical record. These conditions will almost certainly reduce the survival of giant sequoia seedlings. In areas where the mature seed trees have died, chances of natural recovery will almost certainly be greatly diminished. “Sequoia regeneration has varied widely across the range since the recent mega-fires,” said lead author David Soderberg, Ph.D., ecologist at the U.S. Geological Survey’s Western Ecological Research Center. “Some areas are doing well, but in other sites where the seeds and seed trees burned, or where young seedlings have died from high heat and drought, natural long-term recovery appears to be unlikely. Our data suggest that sequoia grove areas that were severely impacted by the fires may not have enough reproduction to replace the sequoias lost.” Giant sequoias are the world’s largest trees and among the oldest. As climate allies, the old-growth sequoia groves are second only to old-growth coast redwood forests in storing massive amounts of carbon per area. They capture the imagination of people who come from all over the world to visit the protected groves. Scientific research guides restoration work on the ground “These are important findings that identify the density of seedlings—the number per area—that is enough for the tiny, young trees to survive and become majestic sequoia adults,” said Joanna Nelson, Ph.D., director of science and conservation planning for Save the Redwoods League and a lead scientist with the Giant Sequoia Lands Coalition. Nelson says this new research could help land managers determine how to best care for the giant sequoia groves, especially in emergency-response windows post fire. “Working from the best science available, we can better understand when and where sequoia reproduction may be too low for future success—and be equipped to take action. At the same time, we continue to prioritize fuels reduction treatments that favorably change fire behavior and reduce the severity of potential future wildfires.” Ongoing research and monitoring are supported by the Giant Sequoia Lands Coalition to continue providing a scientific basis for restoration programs across the sequoia range. To date, GSLC has completed wildfire resilience work across half of California’s giant sequoia acres; planted more than 500,000 native seedlings in severely burned areas where reproduction has been insufficient; and conducted scientific research to support evidence-based restoration techniques. Read more in the GSLC’s recently published Progress Report for Saving the Sequoias. About the new research: Post-fire reference densities for giant sequoia seedlings in a new era of high-severity wildfires, published in the June 2024 issue of Forest Ecology and Management. Dr. Stephenson and co-authors developed conservative estimates of the natural amount of sequoia seedlings per area that would be considered adequate for forest regeneration and the number of seedlings per area that would be needed to expect sufficient tree survival to adulthood. Study data will serve as a reference that land managers can use to interpret the effects of wildfires on sequoia reproduction and assess, on a case-by-case basis, whether they need to replant sequoias to maintain current populations and groves. Consistent with past studies, this research also documented an initial post-fire burst of giant sequoia seedlings followed by a significant decline due to high seedling mortality rates, low subsequent germination and low establishment of new seedlings in subsequent years. For giant sequoias, seedling establishment is generally limited to the first two summers following a fire. The results are based on post-fire records from Sequoia & Kings Canyon National Parks, spanning 48 years (1969–2016) in 42 sites in eight giant sequoia groves that burned in 26 different fires. The authors then quantified the difference between the climate that prevailed between 1969 and2016 and the climate that prevailed after the 2020 and 2021 wildfires. Assessing giant sequoia mortality and regeneration following high-severity wildfire, published in the March 2024 issue of Ecosphere. This study assessed the likelihood of natural recovery of giant sequoias in areas affected by the 2020 and 2021 mega-fires. Dr. Soderberg and co-authors reviewed evidence that recent wildfire severity in the Sierra Nevada has been far more extreme than the historic norm and that if no interventions are taken, we might see a long-term or permanent loss of sequoia grove area. This is especially true in areas where mature seed trees were killed, where cones were burned out of the trees’ crowns and where the amounts of new seedlings are well below historic norms in the years since the wildfires. The results of this study are based on extensive surveys of four groves in Sequoia & Kings Canyon National Parks that were severely impacted by the 2020 SQF Complex Fire and 2021 KNP Complex Fire. T o provide conservative comparisons of the effects of the recent mega-fires to historically normal fire effects, the researchers contrasted second-year reference densities presented in the Stephenson et al. paper described above with giant sequoia seedling densities in the four groves that burned in 2020 and 2021. They found that in some areas, seedling amounts were well below historic norms and could not be expected to maintain or recover the groves to their pre-fire structure. Seedling density also depended on the proximity to nearby sequoia crowns that were either alive and green or scorched (brown from fire’s heat) but not torched (blackened and consumed by fire). The study also provides a statistical tool to inform restoration and management decisions following large, severe wildfires in the timeframe when managers need answers and to make management decisions following wildfires. About Giant Sequoia Lands Coalition The Giant Sequoia Lands Coalition (GSLC) is a landscape-scale, multi-partner collaboration dedicated to the conservation and stewardship of giant sequoia grove ecosystems. Our coalition is composed of all federal, tribal, state, and local agencies and organizations that manage giant sequoia groves in public, tribal, or private nonprofit ownership. Our affiliate partners include federal and state conservation agencies, non-governmental organization conservation groups, and academic research partners with a shared commitment to protect and steward giant sequoias and their ecosystems from emerging threats associated with climate change and the extended absence of natural wildfire processes on the landscape. For more information, visit giantsequoias.org. Contact Details Save the Redwoods League Robin Carr +1 415-766-0927 redwoods@landispr.com Company Website https://www.savetheredwoods.org/

July 15, 2024 09:00 AM Pacific Daylight Time

Image
Article thumbnail News Release

Intrepid Metals Corp Reports Final Drill Results from Corral Copper Property

Intrepid Metals Corp

Intrepid Metals Corp CEO Ken Brophy joined Steve Darling from Proactive to share the final results from its initial drill program at the Company's Corral Copper Property in Cochise County, Arizona. The final three holes contain the highest-grade intercepts from the initial drill program, all located within the Ringo Zone, along the southern margin of the 3.5-kilometer-long trend of near-surface copper-gold-silver-zinc mineralization. Brophy reported that the drilling intercepted extensive and locally high-grade copper-gold-silver-zinc mineralization across a 3.5-kilometer metal endowed trend containing the Holliday, Earp, and Ringo zones at Corral Copper. Significant results included 112.95 meters of 1.50% Copper, 0.53 grams per ton Gold, and 8.22 grams per ton Silver in Hole CC24_023. The new geological data will be leveraged to target porphyry copper-gold root sources to the mineralization and to build out and extend the high-grade replacement style polymetallic domains. The drill results indicate that the mineralized footprint is more extensive than previously appreciated. This is due to robust copper-gold-silver-zinc mineralization now detected beyond the favorable Abrigo Formation host rocks in structural corridors and traps, porphyry intrusions, reactive diabase dikes, and newly recognized hydrothermal breccias. Brophy expressed optimism about these findings, emphasizing the potential for significant expansion and further exploration at the Corral Copper Property. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 15, 2024 10:32 AM Eastern Daylight Time

Video
Article thumbnail News Release

Local Entrepreneurs Bring Activate Games, the Fastest Growing Entertainment Concept, Home to Cambridge, ON.

Activate

Activate Games Inc., the trailblazing force behind the world’s first active gaming experience, is excited to announce the grand opening of its Cambridge location, the 5th in Ontario, on July 14, 2024. This milestone highlights Activate's rapid growth and reaffirms its status as the fastest-growing entertainment concept worldwide. Activate seamlessly blends physical activity with gaming, creating a unique experience that has captivated thrill-seekers and families alike. The company has expanded to 14 locations in Canada and 12 in the United States, with plans to enter the UK, Ireland, and Dubai in the near future. This rapid growth is a testament to the widespread appeal of Activate’s unique offering and the company's commitment to redefining entertainment. The Cambridge location holds special significance for co-founders Adam and Megan Schmidt, marking a poignant return to the community where their dream of entrepreneurship first took shape. "Expanding into Cambridge is a strategic milestone for Activate Games, reflecting our commitment to growth and innovation in the entertainment industry," said Adam Schmidt, CEO of Activate Games Inc. "This expansion allows us to reach more communities, create new jobs, and further solidify our presence as a leader in active gaming. We are excited to bring our unique, engaging experiences to even more people and continue driving the future of entertainment." "Having Activate in the Waterloo Region is a dream come true for us." said Megan Schmidt, Co-Founder of Activate Games Inc. "This opening is more than just an expansion; it's a heartfelt return to our hometown, giving us the ability to allow our family and friends the opportunity to experience Activate” Activate Games continues to set new benchmarks in the entertainment industry, offering a unique, exhilarating experience that fosters physical activity and community engagement. As Activate expands, it remains dedicated to providing unforgettable experiences for players of all ages, encouraging them to explore, compete, and thrive in an active gaming world. Information on Activate Cambridge 11,258 Square Feet Full of Fun Where: 42 Pinebush Rd Cambridge, ON N1R 8K5 - right off the ON-401, Take exit 282 Hespeler Rd/Waterloo Regional Rd 24 in Cambridge. Each game lasts 1-3 minutes, 11 different game rooms to conquer; with the full gaming experience lasting 75 minutes. Complete the waiver required for you to play in advance. Wear activewear and indoor runners. Age requirements: 4 and older. Hours: Mon-Thurs: 9:30AM - 10:00PM, Fri: 9:30AM - 11:00PM, Sat: 8:00AM - 11:00PM, Sun: 8:00AM - 10:00PM Book in advance to save time and ensure your preferred time is available. For a sneak peek into Activate’s dynamic gaming experience, and to keep tabs on the Activate Cambridge grand opening, click here. Join the Inner Circle to be the first to hear about new locations, behind-the-scenes information, deals, and more. Please find imagery assets here. ### ABOUT ACTIVATE Activate is the world’s first active gaming experience where players #EnterTheGame. Activate offers a unique blend of physical activity and gaming that promotes a healthy lifestyle. Each Activate location provides fun and interactive rooms for players to compete, earn stars and track achievements. With the global headquarters located in Winnipeg, Canada, Activate has grown to 40 locations across Canada, and the U.S. To join the active gaming movement, visit Activate and follow on social media: Facebook: Activate Instagram: @activategames TikTok: @activategames Press Contact: Jive PR + Digital Jalila Singerff jalila@jiveprdigital.com (613) 614-6777 www.jiveprdigital.com Activate is the world’s first active gaming experience where players #EnterTheGame. Activate offers a unique blend of physical activity and gaming that promotes a healthy lifestyle. Each Activate location provides fun and interactive rooms for players to compete, earn stars and track achievements. With the global headquarters located in Winnipeg, Canada, Activate has grown to 30 locations across Canada, the U.S. and now the world! To join the active gaming movement, visit playactivate.com. Follow Activate on social media: Facebook: Activate Instagram: @activategames TikTok: @activategames Contact Details Jalila Singerff +1 613-614-6777 jalila@jiveprdigital.com Company Website https://playactivate.com

July 15, 2024 09:00 AM Eastern Daylight Time

Article thumbnail News Release

BATTERY MINERAL RESOURCES ANNOUNCES FIRST SHIPMENTS OF COPPER CONCENTRATES TO ANGLO-AMERICAN PLC FOR SMELTING

Battery Mineral Resources Corp.

Battery Mineral Resources Corp. ( TSXV: BMR ) ( OTCQB: BTRMF ) (“ Battery ” or “ BMR ” or the “ Company ”) is pleased to announce first shipments of copper concentrates related to the Offtake Agreement (or the “Agreement”) with Anglo American Sur. S.A. (“ Anglo ” or “ Anglo American ”) a division of Anglo-American PLC. The Company has supplied 503.74 dry metric tonnes (“DMT”) of copper concentrates to Anglo’s Chagres smelter in Catemu, Chile. The copper concentrates were produced from copper smelting by-products (slags) supplied to BMR by Anglo. The copper concentrates were produced at BMR’s Punitaqui copper flotation plant and contained 25.98 percent copper, for approximately 288,500 pounds of copper in concentrate. The Company will continue to increase production results with a goal of producing approximately 1,400 DMT per month in the near term and reaching up to 2,800 DMT of copper concentrate production per month by year-end. Martin Kostuik, Chief Executive Officer, stated, " This initial copper concentrate shipment marks a significant stride towards positive cash flow, in line with Battery's goal of building a mid-tier copper producer. As we generate cash flow from copper sales, including leveraging thirty-party sources of mill feed such as those from Anglo, we will also continue to ramp up mine-sourced mill feed from our Cinabrio, San Andres, and Dalmacia mines to achieve full production. " The Company recently initiated copper concentrate production on May 13 th, 2024 after the successful commissioning of the recently refurbished and upgraded mineral processing facility at Punitaqui. Mining activities to establish access to the mineralized zones in both Cinabrio and San Andres continue to ramp up and provide and increasing amount of stockpiles containing fresh mill feed. Cinabrio is the original mine that supplied feed for the first 10 years of prior operations, primarily operated by Glencore plc. About Battery Mineral Resources Corp. Battery Mineral Resources’ mission is to build a mid-tier copper producer and it has recently initiated mine and mill operations at the Punitaqui Mining Complex, a historic copper-gold-silver producer, in the Coquimbo region of Chile. Battery Mineral Resources is unique because it leverages the inherent value from its 100% owned subsidiary, ESI Energy Services Inc., a renewable energy equipment rental and sales company. The Company’s portfolio also consists of two cobalt assets and one graphite asset located in North America, South America and South Korea. The Company is focused on providing shareholders accretive exposure to copper and the global mega-trend of electrification while being focused on growth through cash-flow, exploration, and acquisitions in favorable mining jurisdictions. For more information about Battery Minerals, please visit our website at https://bmrcorp.com/, or email us at info@bmrcorp.com. Twitter: @BMRcorp_ Facebook: Battery Mineral Resources Corp. | Facebook LinkedIn: Battery Mineral Resources Corp.: My Company | LinkedIn Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release. Forward Looking Statements This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections of the Company on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to obtain sufficient financing to complete exploration and development activities, risks related to share price and market conditions, the inherent risks involved in the mining, exploration and development of mineral properties, the ability of the Company to meet its anticipated development schedule, government regulation and fluctuating metal prices. Accordingly, readers should not place undue reliance on forward-looking statements. Battery undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein, whether as a result of new information or future events or otherwise, except as may be required by law. Contact Details Battery Mineral Resources Corp. Martin Kostuik, CEO +1 604-229-3830 info@bmrcorp.com Company Website https://bmrcorp.com/

July 15, 2024 05:30 AM Pacific Daylight Time

Article thumbnail News Release

EcoAI Coin: Leading The Charge Towards Sustainable Cryptocurrency Practices

Benzinga

By Gerelyn Terzo, Benzinga Cryptocurrencies are renowned for disrupting the financial system, starting with payments. And while there’s no denying the impact the blockchain space has had across sectors of the economy, it has also commanded a great deal of reflection and action regarding its environmental impact from activities like mining. Bitcoin mining, where equations are solved to secure the blockchain and more bitcoins are created, requires a massive amount of computing power. The University of Cambridge likens Bitcoin’s annual energy consumption of 147.7 TWh per year to that of entire nations such as Ukraine, Malaysia or Poland. Elon Musk thrust the sustainability issue into the spotlight in 2021, when he declared Tesla (NASDAQ: TSLA) would stop supporting Bitcoin until it became more environmentally friendly. One project that has been leading on sustainability since its inception is EcoAI Coin. The EcoAI Coin’s mission is to leverage the power of blockchain and artificial intelligence (AI) to encourage a positive impact on the environment. Fortunately, the wider blockchain space is also starting to value sustainability. Bitcoin and Ethereum are part of key trends that are helping to shape the future of a more sustainable blockchain space. Ethereum’s Proof-Of-Stake Example Ethereum, which is behind the industry’s second-biggest cryptocurrency, ether, is one of the most high-profile projects to focus on the environment. But it didn’t happen overnight. When it was founded in 2013, Ethereum started with the energy-intensive PoW system, similar to Bitcoin, as it was the only viable option at the time. However, from the onset, Ethereum co-founder, Vitalik Buterin, had his sights set on a more sustainable model. By 2022, the Ethereum project overhauled its consensus algorithm from PoW to the more environmentally friendly proof-of-stake (PoS) model. Bitcoin’s PoW consensus algorithm has an annual electricity consumption of 112.06 TWh compared with Ethereum’s PoS electricity consumption of 0.01 TWh, according to Bitwave. Instead of relying on computing power, PoS harnesses participants’ token holdings to secure the blockchain through an activity called staking. Ethereum stakeholders earn rewards (more ether) in exchange for helping to secure the blockchain network. If there’s any malicious activity suspected, stakers run the risk of losing their ether holdings. Not to be outdone, other popular blockchains that have similarly pursued the PoS model include Cardano, Polkadot and Solana, among many others. Renewable Energy Push The Bitcoin network runs around the clock, making it an ideal candidate for renewable energy sources like wind power and solar. The Bitcoin ESG Forecast, which looks at Bitcoin through the lens of an ESG asset, demonstrates this trend. In 2023, the use of renewable energy sources in Bitcoin mining soared to a fresh all-time high of nearly 55%, a 3.6% year-over-year increase. One example is Bitfarms (NASDAQ: BITF), a Toronto, Canada-based Bitcoin mining company. Bitfarms is setting an example by relying on Paraguay’s cheap and sustainable hydroelectric power to create a more efficient Bitcoin mining operation. Other projects are catching the green energy wave too, including Dogecoin. The Dogecoin project is often compared to Bitcoin and similarly relies on the PoW consensus algorithm to secure its blockchain. Dogecoin urges its miners to use renewable energy to the extent possible, saying, “It’s the responsible thing to do for the environment.” Carbon Offsetting Innovation A United Nations study suggests it would require the planting of 3.9 billion trees to offset the CO2 emissions from cryptocurrency mining operations in the 2021-2022 period. Carbon offsetting is a way in which individuals and organizations can potentially contribute to reversing greenhouse emissions by supporting positive environmental behaviors. It also represents yet another way in which some cryptocurrency projects are proving their commitment to the environment. Blockchain projects are taking unique approaches to participating in the carbon offsetting market. Among them, the Terrapass Coin gives token holders, including individuals and businesses, the opportunity to offset carbon emissions produced through activities such as cryptocurrency mining, including projects that rely on renewable energy for their electricity. Every individual Bitcoin mined can be offset with two Terrapass carbon credit offsets. Another example is Terawulf, which mines Bitcoins using hydro and nuclear power and takes a zero-carbon approach to its activities. Rather than offset any carbon emissions, Terawulf leaves a zero-carbon footprint from the onset. EcoAI Coin Leads The Way On Sustainability One cryptocurrency project whose technological roots are embedded in both innovation and sustainability is EcoAI Coin. The EcoAI Coin uses both the power of the Ethereum blockchain and cutting-edge AI technology for good. Users earn rewards in the form of EcoAI Coins for their contributions toward saving the planet. As evidence of its commitment to sustainability, EcoAI Coin has adopted what’s called the proof-of-environmental work mechanism. It’s a model that rewards participants for their mining activities and sustainable behavior, including recycling and aligning mining and transaction validation processes with environmental goals. Miners are rewarded with EcoAI Coins commensurate with their “sustainable actions and contributions to environmental preservation,” according to the project’s whitepaper. EcoAI Coin is building a flourishing community of token holders and miners who are committed to the project’s vision, which is three-pronged: supporting transparency in energy consumption, promoting the use of renewable energy sources and engaging in education to increase awareness of eco-sustainability in the blockchain space. Featured image by Skitterphoto at Pixabay Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

July 15, 2024 08:30 AM Eastern Daylight Time

Image
Article thumbnail News Release

Haruko expands into Southeast Asia with $6m funding round to eliminate inefficiencies in digital asset management

Haruko

Helping institutional investors engage with digital assets in a secure and regulated environment, digital asset investment management platform Haruko is today announcing a $6m funding round as it expands into Southeast Asia and further consolidate its global presence. This follows heightened interest in the region of its industry-leading portfolio and risk management solutions for digital asset investment professionals. The series A funding round was co-led by White Star Capital’s Digital Asset Fund and MMC Ventures. Haruko has now raised $16m in venture capital funding. Founded in 2021, Haruko has quickly scaled across North America and Europe with a client base of over 50 investment management institutions and has offices in London and Singapore. Haruko has gained significant traction across all market participants including hedge funds, family offices, market makers, treasury teams and prime brokerages. It also has notably high adoption among large-scale trading firms owing to its unparalleled depth of functionality, comprehensive exchange (CeFi), on-chain (DeFi) and over-the-counter (OTC) venue coverage and multi-product support. “Haruko is laser-focused on building institutional-grade solutions for the future of the investment industry and providing a white-glove service to exceed our clients’ expectations consistently” said Shamyl Malik, co-founder and CEO of Haruko. “Despite having had several opportunities for growth through acquisition, we instead prioritised our seamless user experience, stayed true to our day one goal and built our market-leading solution entirely in-house. We never deviate from our mission of creating best-in-class technology, simplifying complexity for our clients and supporting their goal of revenue generation, be it through pure alpha creation or franchise building.” “We’re looking forward to continuing our global expansion, investing in exceptionally talented team members to support us in our goal of building out an industry-leading, end-to-end solution for digital assets and the future of the finance industry. We will continue to invest singularly in this mission, ensuring the quality of our products and services is at the forefront of all our activity.” added Malik. This round underpins Haruko’s impressive growth over the last two years and signals continued confidence in its ability to deliver best-in-class solutions for digital asset investors. Sep Alavi, General Partner at White Star Capital added: “We invest in game-changing innovators and as the digital asset space continues to mature, Haruko is leading the way in ensuring institutions are equipped to embrace these new opportunities. We’re delighted to continue our partnership with Haruko and its experienced founders as they embark on the next phase of their strategic growth journey.” Oliver Richards, General Partner of MMC Ventures commented: “MMC is a research-led fund and we have been actively looking at the blockchain and digital assets space for more than five years. Over that time our conviction that institutional ownership of digital assets will increase, and with it, the need for sophisticated infrastructure has grown. It is clear that the post-trade part of the digital asset landscape which Haruko focuses on has been poorly served to date and we believe that Shamyl and team have the deep domain knowledge required to solve this problem.” Haruko is setting a new standard for fintech solutions in digital assets, earning accolades such as HFM’s Most Innovative Technology Firm and HedgeWeek’s Best New Solution Provider in 2023, and offering solutions used by the entire digital asset ecosystem. Haruko’s client base consists of institutions including hedge funds, market makers, OTC providers, prime brokers, exchanges, DeFi chains and protocols, custodians and other financial service providers. About Haruko Haruko provides the most comprehensive digital asset technology solution for institutions deploying capital across the digital asset ecosystem. Seamless consolidation of positions across exchanges, on-chain and OTC activity with access to real-time and historical pricing, risk and P&L reporting provides the transparency needed for effective treasury management, compliance, investor reporting and financial controllership functions. Haruko has an experienced team of TradFi and digital industry veterans located across Europe and Asia supporting more than 50 institutional clients globally using the award-winning Haruko platform to optimise their front-, middle- and back-office workflows and operational controls. For more information on Haruko, please visit https://www.haruko.com/ About White Star Capital White Star Capital is a global multi-stage technology investment firm that backs exceptional entrepreneurs building ambitious, international businesses. Operating across North America, Europe, the Middle East, and Asia, our global presence, perspective, and people enable us to partner closely with our founders to help them scale internationally. About MMC Ventures MMC is a leading European venture capital firm with a focus on early-stage AI and data science companies across sectors including cloud & data infrastructure, enterprise AI, fintech and data-driven health. Examples of fintech companies MMC has backed include Interactive Investor, Copper, YuLife, Safeguard Global and TreasurySpring. Contact Details Haruko Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.haruko.com/

July 15, 2024 08:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Benchmark International Successfully Facilitated the Transaction Between DBox, Inc. and CBS Property Management Inc.

Benchmark International

Benchmark International is pleased to announce the successful sale of DBox, Inc. to CBS Property Management Inc. DBox, Inc. is a Commercial Maintenance and Property Products company located in North Texas. The company has been in business since 1996, employs a highly skilled and experienced staff, and offers a wide range of services to commercial property managers. On-site services are currently being utilized across the Dallas/Fort Worth metroplex. With an impressive 25 years of expertise in the property management industry, CBS Property Management Inc. is committed to delivering top-tier facilities management services at competitive prices. Their dedication to crafting innovative solutions tailored to diverse property needs ensures efficient maintenance of premises within financial means. Their primary objective is to provide outstanding service and value to clients while upholding the pristine condition of their properties. Dennis, Founder and President of DBox, Inc. stated, “Working with Haden and the Benchmark team was a good experience. Their knowledge, professionalism, guidance, and patience throughout the entire process were wonderful, and this greatly reduced the stress of selling my business. Choosing Benchmark was certainly the right decision for DBox.” Benchmark International provided value in finding a buyer with industry experience through its proprietary multi-medium marketing strategies. The market uncovered several interested parties, but the one who prevailed was the perfect buyer. Managing Director Amy Alonso commented, “This partnership marks an exciting next chapter for DBox and allows CBS Property Management to expand their presence in Texas. Senior Deal Associate Haden Buckman and his team quickly recognized the strong cultural fit between the parties and worked hard from start to finish to get the deal across the line. We are thrilled for our clients that their legacy continues and look forward to watching the company grow.” Americas: Sam Smoot at +1 (813) 898 2350/ Smoot@BenchmarkIntl.com Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

July 15, 2024 06:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Washington Brown Quantity Surveyors Highlight the Importance of Accurate Property Tax Depreciation

Rev Up Marketers

Washington Brown Quantity Surveyors, a firm specializing in property depreciation, emphasizes the critical need for precision in property tax returns as the Australian Taxation Office (ATO) intensifies its focus on rental property deductions, work expense claims, and undisclosed income. Washington Brown bolsters maximum returns through specialized depreciation schedules, enabling investors to depreciate property wear and tear legally, claim deductions on structural components, and navigate post-pandemic rule changes. With the ATO projecting 20 million tax returns this season and issuing warnings about common errors, the firm's expertise becomes indispensable. "Avoiding pitfalls in areas like rental property deductions and working-from-home expenses is crucial," said Tyron Hyde, CEO of Washington Brown Quantity Surveyors. Washington Brown employs meticulous techniques such as effective life calculation adjustments, joint ownership considerations, and settlement date-specific evaluations to maximize client deductions while ensuring compliance with ATO regulations. Whether their client is a seasoned investor, accountant, buyer's agent, developer, or property manager, Washington Brown Quantity Surveyors stands ready to navigate the complexities of property tax depreciation with precision and confidence. Their proven track record and commitment to client satisfaction make them the go-to choice for success in property investment. Additionally, they have a specialist commercial property depreciation team dedicated to servicing commercial property investors' needs. Their team has experience in various commercial properties across different categories, including hospitality, industrial warehouses, retail/shopping centers, and commercial office space. For more information about Washington Brown Quantity Surveyors and its services, please get in touch with them on Website | Instagram | LinkedIn | Facebook About Washington Brown Quantity Surveyors: Washington Brown is an Australian firm specializing in property depreciation. Established in 1978, it offers services like depreciation schedules, cost planning, and a calculator. As a member of the Australian Institute of Quantity Surveyors and with nearly 40 years of experience, Washington Brown is fully endorsed by the Australian Tax Practitioners Board to be a registered tax agent. Contact Details Washington Brown Quantity Surveyors Tyron Hyde info@washingtonbrown.com.au Company Website https://www.washingtonbrown.com.au/

July 15, 2024 04:37 AM Eastern Daylight Time

Image
Article thumbnail News Release

HTX Unveils "Earn with Pending Orders" #2 with Upsized Rewards: Post BTC/USDT in Spot Trades to Split 32.2B $HTX

HTX

HTX’s "Earn with Pending Orders" event has garnered widespread praise and active participation since its debut on 26 June. HTX, in response to user feedback, has adjusted the event rules and is now launching the 2nd phase of "Earn with Pending Orders". Users can participate by posting BTC/USDT in spot trades to share in a prize pool of 32.2 billion $HTX, with rewards distributed around the clock. New Feature: Enjoy Non-Stop Rewards with Minute-by-Minute Snapshots Following "Trade to Earn," HTX launches "Earn with Pending Orders," another innovative product aimed at enriching users' trading experiences. According to HTX's official announcement, the 2nd phase of "Earn with Pending Orders" event will last from 10:00 (UTC) on July 10, 2024, to 10:00 (UTC) on July 17, 2024, featuring BTC/USDT as the designated spot trading pair. During the event period, the platform will take random snapshots of pending orders for BTC/USDT spot trades every minute. Based on these snapshots, the platform will calculate rewards separately for qualifying buy and sell orders. These rewards can be accumulated throughout the event. Pending orders are considered valid if they meet two requirements: ● Minimum order amount: Pending orders must be limit orders with a minimum amount of 100 USDT at the time of the snapshot, defined as order price * order quantity ≥ 100 USDT. ● Order price: The price of pending orders should not deviate by more than 0.5% from the latest executed price (closing price) at the time of the snapshot. Here is an example. Let's assume the latest executed price (closing price) at the time of the snapshot for BTC/USDT is 60,000 USDT. The threshold range is ±0.5%. Therefore, the upper limit price for pending orders will be 60,300 USDT (calculated as 60,000 x 1.005), and the lower limit price will be 59,700 USDT (calculated as 60,000 x 0.995). Therefore, valid pending orders must have prices at the time of the snapshot between 59,700 USDT and 60,300 USDT (59,700 USDT < Pending order price < 60,300 USDT). Optimized Rules: Now Open to API Users and Offer Upsized Rewards In comparison to the initial phase of "Earn with Pending Orders", the second phase incorporates two major rule upgrades: API users are now eligible to participate in this event; and an extra prize pool has been included, boosting total rewards to 32.2 billion $HTX. Details are stated below: ● Reward 1: Post BTC Orders and Split 27.2 Billion $HTX The event boasts a total prize pool of 27,200,000,000 $HTX, with a daily prize pool of 3,885,714,285 $HTX, and a per-minute prize pool of 2,698,412 $HTX. All valid pending orders are eligible for this reward. Every minute, users will share the prize pool proportionally based on the order amounts of their pending orders. A user's reward per minute for pending orders = Reward pool per minute * (User's pending order amount / Total amount of all valid pending orders). For example: Let's assume that, in a specific minute, the total amount of all eligible pending orders is 1000 USDT, and User A has a pending order amounting to 100 USDT. According to the provided reward calculation formula, User A's reward can be calculated as 2,698,412 $HTX * (100/1000). Therefore, User A would receive a reward of 269,841.2 $HTX for that minute. ● Reward 2: Users with Pending Orders Falling within the ±0.1% Threshold Range to Share Extra 5 Billion $HTX Based on the aforementioned reward rules, during each snapshot, users with pending orders within the ±0.1% threshold range of the buy and sell prices will be eligible to share an extra prize pool. The extra prize pool totals 5,000,000,000 $HTX, with daily distributions of 714,285,714 $HTX and minute-by-minute allocations of 496,032 $HTX. The distribution of the prize pool remains consistent with the rules stated above. Please note that users need to click "Register Now" in the announcement to participate in the event. The hourly reward cap for each participant in this event is 90,909,090 $HTX. A participant will not receive any more rewards if either the hourly reward cap for the participant or the hourly prize pool limit is reached. Event Details: https://www.htx.com.cm/en-us/support/54974923246167 HTX, a leading global digital asset exchange, has always adhered to the principle of "Users First" and is dedicated to providing secure, diversified, and efficient trading services for users worldwide. Looking ahead, HTX will continue to upgrade "Earn with Pending Orders" as well as other innovative events and products, consistently enhancing user experiences to meet their diverse demands. 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 EE glo-media@htx-inc.com Company Website https://www.htx.com/

July 15, 2024 12:57 AM Eastern Daylight Time

1 ... 115116117118119 ... 3766