Latest News
LBank Exchange Will List LTradex (LTEX) on February 25, 2022
![](https://thefintechbuzz.com/wp-content/uploads/2022/02/lbank-exchange-will-list-ltradex-ltex-on-february-25-2022.jpg)
Internet City, Dubai–(Newsfile Corp. – February 24, 2022) – LBank Exchange, a global digital asset trading platform, will list LTradex (LTEX) on February 25, 2022. For all users of LBank Exchange, the LTEX/USDT trading pair will be officially available for trading at 23:00 (UTC+8) on February 25, 2022.
Figure 1: LBank Exchange Will List LTradex (LTEX) on February 25, 2022
The era of crypto has arrived, and numerous cryptocurrencies have been created since the beginning of this era. To distinguish itself from other ones, LTEX token is establishing its own exchange, which is LTradex, rewards its holders through redistribution, and uses burning mechanisms to maintain deflationary. It provides privacy, security, power, and autonomy to its users, and offers an innovative, user-friendly one-stop shop with features including wallet, staking, bridge and many more. LTEX token will be listed on LBank Exchange at 23:00 (UTC+8) on February 25, 2022, to further expand its global reach and help it achieve its vision.
Introducing LTradex
LTradex (LTEX) is the first token in the world that proves its existence officially, publicly and legally by announcing its intentions of opening representing offices all over the globe. Its mission is to take the token to new heights by offering an innovative, user-friendly one-stop shop to let users find everything they need, and to give every person in the world an equal chance to manage their financial security.
With features such as exchange, wallet, reward system, staking, bridge and burning mechanism, LTradex lowers the barrier for entry to this financial ecosystem. The exchange platform it is establishing is also called LTradex, users will be able to register all fair tokens and exchange them on it. Additionally, LTradex has its own wallet, which is fast, and highly focused on enabling users to manage their coins and interact with the ecosystem. Users can hold or swap tokens, and donate or vote for the organization by using LTEX wallet. The bridge LTEX created allows users to swap BEP-20 and ERC-20 based tokens. It’s a unique cross-chain solution without the involvement of 3rd party.
Staking is fully supported for LTEX token as a practice of gaining passive income by merely storing or locking funds in a wallet. Moreover, LTEX intends to execute a long-term burn strategy which reduces the supply and makes the LTEX token scarcer.
LTEX is operated as a community-focused and community-driven digital assets that is fully decentralized, it envisions a world where wealth-building strategies that were once only accessible to affluent individuals become available to everyone.
About LTEX Token
As an advanced cryptocurrency based on BEP-20, LTEX token is easy to use, and provides users with transparency, immutability, and lower fees compared to debit, credit cards transactions, as well as wire transfers, and BACS payments. It’s open for global participants.
The total supply of LTEX token is 50 trillion (i.e. 50,000,000,000,000), 42.1% of it is provided for sale, 22.5% is provided for holders, and the rest 35.4% will be burned. It collects 6.5% taxes on each transaction, 4.5% of it will be redistributed to holders, and the rest 2% will be burned.
LTEX will be listed on LBank Exchange at 23:00 (UTC+8) on February 25, 2022, investors who are interested in LTradex investment can easily buy and sell LTEX on LBank Exchange by then. The listing of LTEX on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about LTEX Token:
Official Website: https://ltradex.io/
Telegram: https://t.me/LTEXCommunityWorldwide
Twitter: https://twitter.com/LtexToken
Facebook: https://www.facebook.com/ltex.trade
Instagram: https://www.instagram.com/ltex_community
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world.
Start Trading Now: lbank.info
Community & Social Media:
l Telegram
l Twitter
l Facebook
l Linkedin
Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
PR Contact:
ZEXPRWIRE
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114605
Powered by WPeMatico
Latest News
Gunvor and Quercus announce landmark solar development partnership in Italy
The partnership aims to develop up to 3GW of solar capacity and marks Gunvor’s expansion into the solar sector alongside renewable energy specialist Quercus
LONDON, July 1, 2024 /PRNewswire/ — Gunvor Group (“Gunvor”), a leading global energy commodities trading company, together with Quercus Real Assets Limited (“Quercus”), the London-based renewable specialist focused on international investments within the Energy Transition, proudly announce a landmark solar development partnership that targets the development of up to 3 gigawatts (GW) of solar photovoltaic (PV) capacity in Italy.
Under the terms of the deal, Quercus will draw on its established track record of developing renewable projects—from permitting to “ready to build” status—and combine that with Gunvor’s ability to fund, manage, and optimize assets through power purchasing agreements (“PPAs”). The solar sites will be strategically located across all regions in Italy, granting Gunvor the option to acquire and enter into PPAs with the assets.
“Gunvor’s first material investment in the solar space fully aligns with Nyera’s commitment to the Energy Transition and our ambition to build up a renewable power portfolio.” said Fredrik Törnqvist, Managing Director of Nyera, Gunvor’s renewables investment vehicle.
The Italian solar market is among the most advanced in Europe, thanks to a well-developed regulatory framework and recent legislative changes that support the integration of solar infrastructure with agriculture.
“Given the essential role of agriculture in the Italian economy, it is crucial to align solar investments with agricultural preservation to ensure long-term sustainability,” said Diego Biasi, co-founder and CEO of Quercus. “At Quercus, we have consistently invested in renewables to enhance our surroundings. I am pleased to collaborate with a prominent partner like Gunvor, sharing our values and advancing our successful investment initiatives.”
Aldo Della Valle, Gunvor’s Head of Power & Natural Gas Trading, added: “This landmark solar venture will further complement Gunvor’s recently announced intention to acquire bp’s Spanish powerplant and is another step in our strategy of building up a portfolio in Europe composed of conventional flexibility and renewable power positions to enhance our power and gas trading activities.”
The deal remains subject to regulatory approval and other customary closing conditions.
Note to Editors
About Quercus Real Assets
Quercus Real Assets Limited is a renewable energy specialist focused on energy transition investments, with offices in London and Dubai.
Diego Biasi and Simone Borla founded Quercus by establishing a Luxembourg-based fund which successfully completed over €1bn in gross investments from inception in five different successful strategies. In January 2020, Diego Biasi started to steer Quercus’s business in response to the evolution of the energy sector into a more diversified strategic investment approach. Quercus has successfully completed over 40 deals up to date.
Since 2010 the strategy of the company has been founded on the belief that the creation of long-term environmental and social capital underpins and strengthens investors’ and shareholders’ returns. Quercus is committed to developing business opportunities and supporting responsible investments for sustainable income and capital returns while contributing to a carbon-neutral future.
For further information, please visit www.quercusrealassets.com
About Gunvor Group
Gunvor is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy from where it is sourced and stored to where it is demanded most. Gunvor has strategic investments in industrial infrastructure — refineries, pipelines, storage and terminals — that complement our core trading activity and generate sustainable value across the global supply chain for our customers. The company, which in 2023 generated US $127 billion in revenue on 177 million MT of volumes. For more information, visit GunvorGroup.com.
About Nyera
Nyera, a wholly-owned subsidiary of Gunvor Group, is dedicated to identifying Energy Transition investments, including new sustainable commodities and businesses. Nyera’s trading and investment activities are performed on a commercial basis, and the company is deliberate in entering areas of opportunity that will ensure a sustainable long-term model. Current areas of investment include solar, biofuel, biogas, green hydrogen, renewable natural gas, and zero-emission maritime transportation, among other renewables-focused projects. For more information, visit Nyera.com.
Logo – https://mma.prnewswire.com/media/2450934/Quercus_Real_Assets.jpg
Logo – https://mma.prnewswire.com/media/2450989/Gunvor.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/gunvor-and-quercus-announce-landmark-solar-development-partnership-in-italy-302185996.html
Latest News
Transforming Healthcare with AI: Yidu Tech’s Gong Rujing at Summer Davos
DALIAN, China, July 1, 2024 /PRNewswire/ — “AI in healthcare is extremely challenging. For companies, it requires not only solving scientific problems but also understanding AI technology and respecting the complexity of the healthcare industry.” At the 15th Annual Meeting of the New Champions, also known as Summer Davos, Ms. Gong Rujing (Yingying), Chairwoman and Founder of Yidu Tech, was invited as a distinguished representative of the healthcare technology sector. She shared her unique insights into the future of AI in healthcare during the thematic dialogue on “Healthcare Analytics, Not Moving Fast Enough.”
This year marks the 10th anniversary of Yidu Tech and Ms. Gong Rujing’s decade-long dedication to the healthcare industry. From the inception of her entrepreneurial journey 10 years ago, she has been driven by the mission to leverage the power of technology to deliver precise healthcare to every individual.
Ms. Gong described the past decade as a journey filled with miracles and achievements. During this period, Yidu Tech has progressively established close collaborations with key stakeholders in the healthcare industry, including government agencies, hospitals, pharmaceutical companies, insurance firms, experts, and clinicians. As of March 31, 2024, Yidu Tech’s “AI Medical Brain” YiduCore has been authorized to process and analyze over 5 billion medical records, covering more than 2,500 hospitals.
In AI-powered clinical research, Yidu Tech has supported researchers and clinicians in producing over 240 high-level papers, accelerating the application of research outcomes. Additionally, Yidu Tech provides clinical trial services to globally renowned pharmaceutical companies, helping them optimize trial processes, reduce costs, and bring new drugs to market more swiftly, ultimately benefiting patients. In healthcare management, Yidu Tech’s AI technology plays a crucial role by analyzing vast amounts of medical data to provide comprehensive decision support to healthcare administrators, helping them optimize resource allocation and improve service efficiency.
“We are now entering a new era of AI technology.” The development of large language model technologies has opened up new possibilities across various industries. Yidu Tech has independently developed a large language model specific to the medical field and is advancing its application across the entire healthcare industry chain. The goal is to promote further progress and innovation through new AI technologies. However, Ms. Gong also emphasized that the healthcare industry is professional, complex, and sensitive, and the application of new technologies must address challenges such as data security, privacy protection, and ethics.
“Data security and privacy protection are fundamental to the development of AI technology and medical big data technology. We must ensure that all stakeholders are satisfied with compliance, security, accessibility, and privacy protection.”
“AI technology still has a long way to go.” She called on policymakers, healthcare institutions, and technology companies to work together to realize the immense potential of healthcare data. Ms. Gong highlighted that building trust is key, and enhancing data operability is essential to fully unleash the power of data. “It’s not just about better data quality; it’s about a better future for health.”
View original content:https://www.prnewswire.co.uk/news-releases/transforming-healthcare-with-ai-yidu-techs-gong-rujing-at-summer-davos-302186561.html
Latest News
Yidu Tech’s FY2024 results: existing business achieves first full-year profit on adjusted EBITDA
HONG KONG, July 1, 2024 /PRNewswire/ — On June 27, 2024, Yidu Tech Inc. (the ”Company” or ”Yidu Tech”) (2158.HK), a leader in China’s AI medical industry, announced its results for the 2024 fiscal year. During the reporting period, the Company recorded revenue of RMB 807.1 million. Gross profit margin in FY2024 increased to 42.1% from 34.1% in FY2023, representing an increase of 8 percentage points, hitting a record high. Adjusted net loss narrowed from RMB 448.7 million in FY2023 to RMB158.1 million, down 64.8% year-on-year. The management of Yidu Tech said at the annual results conference the next day that excluding strategic investments in proprietary large language model, non-cash items, and non-operating items, the adjusted EBITDA for our current business has achieved profit, moving from a RMB 327 million loss to a profit of RMB 31.1 million for the first time this fiscal year.
Management added that as of market close on June 27, the Company’s P/B ratio has decreased to 1.06. Not including the valuation of its domestic and international businesses, its market value is still lower than its fund reserves on hand. As such, management believes that the Company’s share price is still severely undervalued. Notably, renowned sovereign fund BIA has continually increased its shareholding of Yidu Tech by 21.50% over the past two months. The management is confident in the Company’s long-term growth potential and hopes to continually create innovative technologies and increase returns to its shareholders.
In FY2024, Yidu Tech focused on its core business, improving internal operating efficiency and earning quality. Among its earnings, revenue from its big data platform and solutions segment reached RMB 313.6 million, an increase of 41.4% year-on-year. Revenue from its life science solutions segment reached RMB 324.0 million, up 28.1% year-on-year and the gross margin increased by 14.6 percentage points to a historical high of 32.1%. Revenue from its health management platform and solutions segment reached RMB 169.5 million, and the gross profit margin of this segment was 58.1%, representing a year-on-year increase of 17.4 percentage points.
During the reporting period, the Company has continued the development and training of large language model in the medical vertical field based on 500 billion fine-trained Tokens, with model training for 6B, 13B, and 70B parameters completed.
View original content:https://www.prnewswire.co.uk/news-releases/yidu-techs-fy2024-results-existing-business-achieves-first-full-year-profit-on-adjusted-ebitda-302185986.html
-
Latest News4 days ago
BRI takes top spot in Indonesia and ranks 15th in the 2024 Fortune Southeast Asia 500, Further Cementing its Industry Prominence
-
Latest News7 days ago
Bank Midwest’s OnePlace.bank goes live with Finastra to deliver tailored financial services to the healthcare sector
-
Latest News7 days ago
HFM Secures Top Spot for ‘Best CFD Trading Conditions Global 2024’ by Global Business Review
-
Latest News7 days ago
Sustainability 2024 award winners are announced by World Finance
-
Latest News7 days ago
World Finance announces the winners of its 2024 Banking Awards
-
Latest News3 days ago
Network Security Market Set to Reach $58.42 Billion by 2031 Due to Emerging Threats | SkyQuest Technology
-
Latest News5 days ago
VeriPark and FICO Announce Strategic Partnership to Transform Financial Services
-
Latest News7 days ago
iSHANG and PSC Insurance Collaborate on Web3 “Proof of Coverage” Insurance Solution under Cyberport Web3 Proof-of-Concept Subsidy Scheme