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Bitcoin ETF Approval Looms, Bitcoin Minetrix Raises $7.5m as FOMO Builds

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NEW YORK, Jan. 5, 2024 /PRNewswire/ — The Bitcoin price is hovering around the $44,000 mark in readiness for a breakout to $50,000 if and when a Bitcoin ETF is approved, possibly as early as today, while tokenized cloud-mining innovator Bitcoin Minetrix ($BTCMTX) has raised more than $7.5 million from contributors.

 

 

The fundraising for Bitcoin Minetrix is speeding up, with $2.5 million of the total so far raised in the past four weeks alone.

Currently priced at $0.0126 in Stage 17 of its ICO, Bitcoin Minetrix is pioneering tokenized cloud mining.  

With less than 24 hours to go before the presale price of the $BTCMTX token rises to $0.0127, there is no time to lose to lock in the lowest available price.

https://x.com/bitcoinminetrix/status/1732444958475341926

SEC lawyers met with top US exchanges – finishing touches for spot bitcoin ETF approval?

Volatility in the bitcoin price is heating up as speculation and rumor abound regarding the expected approval of the first bitcoin ETF in the US draws ever closer.

Fox Business reported yesterday that SEC lawyers held meetings with the US exchanges on which the ETFs will be trading – the New York Stock Exchange, Nasdaq, and the Chicago Board Options Exchange.

This was taken as yet another positive sign that the SEC will approve the spot Bitcoin ETF. It follows a client note two days ago from Singapore-based Matrixport that said it expected the SEC to reject the applications before it, with approval more likely to come in the second quarter. 

The report sent the bitcoin price into a tailspin, but it has since made up more than half of the losses that saw it trading as low as $40,813 after a 10% drop.

Bitcoin Minetrix provides a clever way to play this volatile early-stage bull market

This week’s dramatic moves in the bitcoin price speak to the relative immaturity of the market, but also the binary nature of the narrative, at least in part, underpinning the bitcoin bull story going into 2024.

But for investors looking to get exposure to the bitcoin price upside that will flow from the spot ETF approval and the four-yearly halving of bitcoin block rewards sometime in April, Bitcoin Minetrix provides a less risky way to play this market.

If Bloomberg Intelligence analysts are right, there is still a 90% chance of approval coming in January, but even if it is Q2 2024, an investment in Bitcoin Minetrix today provides a way to enter the market that avoids exposure to the extreme volatility seen in recent days.

On Wednesday, when bitcoin lost 10% of its value in minutes, it led to hundreds of millions of dollars in forced liquidations of long positions held by traders, often on leverage.

Jacob Joseph, research analyst at CCData (formerly CryptoCompare), told Bloomberg, “While it still seems likely that a spot Bitcoin ETF will be approved in the coming days, any delay contrary to the market consensus is likely to result in a larger drawdown for digital assets.”

Across the derivatives exchanges, as much as $500 million was erased from trader accounts. Meanwhile, data compiled by Coinglass for 3 January showed $120 million in liquidation of long positions.

Bitcoin Minetrix makes cloud mining more secure

Bitcoin Minetrix’s advantages over buying mining rigs and trying to set up a business by yourself are obvious in terms of the far lower upfront capital outlay involved in cloud mining.

There’s also no need to worry about getting to grips with the complicated intricacies of the bitcoin protocol.

Running on Ethereum, Bitcoin Minetrix rewards stakers of its native $BTCMTX token with cloud-mining credits. By doing so, it opens up a passive income stream offering a percentage of the mining revenue based on the share of cloud-mining credits. The cloud-mining credits are exchangeable for cloud-mining power.

The pay-as-you-go approach of the cloud mining model is attractive, but it has its downsides – that is until Bitcoin Minetrix appeared on the scene to offer a different approach.

Cloud mining unfortunately has developed a bad reputation fraud. A quick Google and it won’t take long before coming across a story about victims handing over hard cash for a cloud mining contract, only for no mining rewards ever to be earned and distributed by the service purveyor.

Bitcoin Minetrix is fraud-resistant because everything is on-chain. The system’s stake-to-mine smart contract handles all of the cloud credits and allocation to mining and the time period over which mining is to take place, all set by the user via their own bespoke dashboard.

How Bitcoin Minetrix strengthens the bitcoin network

Transparency and efficiency combine to deliver an easy-to-use product that threatens to unleash revolutionary change in the cloud mining space.

A byproduct of this near-frictionless route into mining bitcoin is the way in which it can help to grow the hash power (computing resource) of the network, making it even more secure and decentralized.

At the beginning of Bitcoin’s journey to transform money, it was possible to mine the digital currency on a laptop, but those days are long gone. However, with Bitcoin Minetrix the door has been reopened for the little guy.

How Bitcoin Minetrix tokens will be allocated to fund the project

As you would expect, the largest allocation of the funds will go directly into the mining operations – 42.5% of the BTCMTX tokens.

Marketing efforts to ensure that the project gains traction will take up 35% of the token allocation, while 12.5% is for BTCMTX staking rewards which will be distributed in the period prior to the Bitcoin Minetrix cloud mining platform going live. 10% is allocated to community rewards for active participation in the project.

Activity

% Allocation

Token

Bitcoin Mining

42.50 %

1,700,000,000

Marketing

35 %

1,400,000,000

Staking

12.50 %

500,000,000

Community

10 %

400,000,000

The Bitcoin Minetrix team recently appointed ambassadors to start putting in place partnerships with cloud vendors, other businesses and stakeholders to effect a flawless launch.

Mohammad Sitaboha, Lutfi Khanfar and Ghazi Sitaboha will be leading from the front for the project.

Mohammad is a highly experienced marketing strategist while Lutfi brings a wealth of knowledge in finance and sustainability. Ghazi is focused on cementing the key financial and business partnerships essential to the project’s innovative approach to Bitcoin mining.

Keep up to date with all the Bitcoin Minetrix presale news and product developments on the Telegram channel, Discord server, and X (Twitter).

Buy Bitcoin Minetrix Here

Media contact – Gary McFarlane, gary.mcfarlane@clickoutmedia.com 

Photo – https://mma.prnewswire.com/media/2311931/Bitcoin_Minetrix.jpg

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J&T Express Sees Strong Growth in Lunar New Year, Showcasing Advantageous Southeast Asia Logistics Network

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HONG KONG, Feb. 23, 2024 /PRNewswire/ — J&T Express, a global logistics service operator, announced the company has achieved significant enhancements in parcel volume and delivery efficiency across several key markets in China and Southeast Asia during the recent Lunar New Year, attributing to the company’s continuous operational capacity improvements and early preparations for the holiday season.

Data of J&T Express reveals that over the Lunar New Year period, its average daily parcel delivery time in China improved by approximately 5% compared to the previous year, while the average daily delivery rate increased by approximately 17% year-on-year. In Singapore, there has been an 81% year-on-year increase in its parcel volume, alongside a 9% improvement in average delivery time efficiency. Similarly, in Malaysia, its parcel volume surged by approximately 54% year-on-year.

In addition to China, the Lunar New Year is celebrated as a public holiday in numerous Southeast Asian countries. With the global popularity of e-commerce, ensuring reliable logistics services during the holiday season has become increasingly critical for businesses and consumers alike. As the largest courier service provider in Southeast Asia, J&T Express plays a vital role in meeting this demand.

With the company’s extensive and comprehensive logistics network across multiple countries, coupled with its year-round collaboration with e-commerce platforms and expertise in operating during the Lunar New Year in the Chinese market, J&T Express has significantly bolstered its hardware and personnel and updated the delivery fleet in key markets to meet the challenges of delivering shipments during the holiday season.

For instance, J&T Express Vietnam added over 3,000 delivery personnel before the Lunar New Year, and upgraded more than 100 service points, expanding the operational area by over 7,000 square meters. Additionally, at the end of December 2023, J&T Express Vietnam officially received 140 new trucks from THACO AUTO.

According to a forecast by the Ho Chi Minh City’s Department of Industry and Trade, seasonal purchases are expected to grow by more than 11% in 2024, and the growth trend of social commerce will continue as well. Against the backdrop of a thriving online shopping landscape, the demand for delivery services presents both opportunities and challenges. Recognizing the potential, J&T Express Vietnam has strategically improved and enhanced its service quality to meet the evolving demands. The recent upgrade of the company’s truck fleet not only reflects the company’s clear goal of improving the quality of its transportation services but also helps the company meet the growing demand for deliveries during the holiday season, creating significant benefits for its customers with guaranteed service quality and capacity. With unwavering confidence in the market’s prosperity and a customer-centric approach, J&T Express is poised to seize growth opportunities in Vietnam and is actively accelerating its market capture. It will continue to expand its logistics network and transit centers to ensure optimal operational processes and improve user experience and service quality.

J&T Express is a global logistics service provider. According to Frost & Sullivan, J&T Express was the No. 1 express delivery operator in Southeast Asia by parcel volume in 2022 and had the highest market share in China. The company adopts an innovative business model that combines unified standards with a high degree of regional autonomy. This model balances service quality and flexible decision-making, reduces costs, and enables localized and efficient development in each market. With its self-developed JMS system, J&T Express is able to integrate and manage the full lifecycle of shipments, from order placement and collection to settlement, ensuring efficient operations in each market.

J&T Express has further expanded its express delivery business to five countries in Latin America, the Middle East, and North Africa, building upon its successful operations in China and Southeast Asia. Currently, the company provides express delivery services in 13 countries worldwide.

Looking ahead, J&T Express is committed to enhancing its global logistics network while continuously improving service quality and operational efficiency. The company is eager to establish collaborative partnerships with new industry leaders to deliver high-quality logistics solutions for customers worldwide.

About J&T Express

J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing market in the world. Founded in 2015, J&T Express’ network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its “customer-oriented and efficiency-based” mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.

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United Imaging Showcases AI-Driven Innovations and Expands European Presence at ECR 2024

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VIENNA, Feb. 23, 2024 /PRNewswire/ — United Imaging, a global leader in medical technology, is showcasing its full portfolio of AI-empowered innovations at the European Society of Radiology (ECR) 2024 in Vienna, Austria.  The company highlights its significant EU growth since establishing its regional headquarters in Poland in 2019.

Dr. Al Zhang, Ph.D, Chairman & Co-CEO of United Imaging, stated, “The theme of this year’s ECR, ‘next-generation radiology,’ aligns seamlessly with our innovation philosophy. We’re not just thinking about today; we’re actively shaping the future. At United Imaging, all our innovations are AI-driven, enhancing clinical workflows and supporting diverse scenarios, solidifying our commitment to delivering value to the global medical community. Our future-ready innovation strategy has propelled us to significant global growth.”

Lukasz MIZERKA, vice president of United Imaging international business and general manager for Europe, added, “Last March, we held our first brand launch at ECR, officially introducing our passion for change to the European market. During the year, we achieved swift progress, extending our footprint to numerous European countries with our high-end equipment, serving as testament to the resonance of our mission of bringing ‘equal healthcare for all’. This year marks both our second ECR and fifth year in Europe, and we’re going to present our full portfolio of groundbreaking products and numerous world-first innovations to showcase our confidence and persistence in Europe. We eagerly await everyone to witness our changes and embrace the bright future ahead.”

In five years, United Imaging has introduced hundreds of systems and reached 16 European countries, offering efficient and professional service. Globally, United Imaging’s products have reached more than 12,000 institutions in over 60 countries, including the U.S., France, Italy, Japan, Korea, and the UAE. Also, the company’s top-tier technologies have led to collaborations with prestigious institutions such as Yale University, UC Davis, Washington University in St. Louis, and University of Texas.

Highlighting the growth at ECR 2024, United Imaging will feature the uMR Jupiter 5T (not CE marked in EU) at ECR 2024, a revolutionary whole-body 5T MRI system. The world’s first whole-body ultra-high field 5T MR, the uMR Jupiter 5T, is a revolutionary whole-body 5T MRI system. It transcends the traditional constraints of ultra-high-field MRI, previously confined to imaging of the brain and selected MSK joints. The potential applications of the uMR Jupiter 5T extend to encompass not only the brain and MSK, but also the abdomen, cardiac, pelvis and other additional anatomical regions. The uMR Jupiter 5T has the potential to eclipse the capabilities of standard 3T MRI machines in resolution and signal-to-noise ratio, delivering clarity that empowers radiologists to ‘see the unseen.’ The uMR Jupiter 5T is also designed to overcome the key hurdles of ultra-high field MRI: image uniformity and radio frequency safety. It fits into existing 3T MRI spaces, signaling a significant advancement in the industry.

Pioneering the digital transformation of medical imaging, the booth will also feature AI platforms for the full portfolio of innovations. The uAIFI is an end-to-end technology platform that revolutionarily enhances MRI with AI-integrated hardware and software, significantly improving image quality and expediting diagnostic processes while enhancing user-friendliness. Pioneering with care, the uAIFI offers a holistic approach across the care continuum. Standout features include ACS, the AI-assisted MR acceleration technology designed to enhance both 2D and 3D imaging, and EasySense respiratory gating and monitoring, offering a unique, belt-free experience for patients while simultaneously streamlining the workflow for healthcare professionals, redefining the image quality standard. Evolving intelligently, this future-oriented, human-centered platform undoubtedly brings a new level of AI integration to uMR systems. In tandem with uMI scanners, uExcel is a multi-dimensional molecular imaging technology platform. It aims to meet the advanced demands for functionality, usability, safety, stability, and scientific research. Combined with uExcel UDP, the ultra-digital-platform detector, uExcel SCAN, the smart scanning toolset, uExcel CARE, the AI reconstruction engine, uExcel QA, the efficient quality control system and uExcel EXPLORE, the suite for scientific research, this platform empowers the exploration with ease and innovation both today and tomorrow, promising a more comfortable experience for patients, and a more effective workflow for doctors. Furthermore, the uVera Technology empowers the DSA system with intuitively bionic ability by intelligence-driven robotics, perception, and imaging. And the All-In-One Solution redefines radiotherapy workflow efficiency from CT simulation to treatment delivery.

Adhering to the “Born with AI” philosophy and aligning with the theme of this year’s ECR, “Next Generation Radiology,” United Imaging Intelligence (UII), an AI company within the United Imaging Group’s portfolio, will demonstrate how the fusion of AI is revolutionizing healthcare, highlighting the company’s comprehensive approach to innovation. At the company’s booth this year, UII is poised to showcase its latest medical AI technological breakthroughs, including groundbreaking AI applications of large medical image models and surgical planning, as well as a full spectrum of medical AI solutions across neurology, cardiology, thoracic care, and oncology.

In terms of novel AI applications, UII will unveil the uAI SAT, a smart annotation tool powered by the large medical image model, as well as the next generation of uAI Pioneer Portal, which is equipped with a goggle-less 3D monitor controlled by hand gestures. The audience will experience advancements in 3D surgical planning for thoracic, hepatobiliary, and urological surgeries. Additionally, with a wide array of clinical solutions, UII will also present its support throughout the entire clinical workflow from imaging and prevention to diagnosis, treatment, follow-up assessment, and research.

Aiming at propelling radiology into a new era of transformation, UII has deployed its innovative products in over 3,000 medical institutions worldwide and formed research and product collaborations in Europe, remaining steadfast in further expanding development and partnerships across the globe, thus universally enhancing medical AI accessibility.

(Notes: Products and features mentioned herein may not be commercially available in all countries. Their future availability cannot be guaranteed.)

Attendees of the ECR are welcome to explore the forefront of radiology at booth 401 – Expo X4, where United Imaging persists in connecting innovation with patient well-being through cutting-edge technologies.

View original content:https://www.prnewswire.co.uk/news-releases/united-imaging-showcases-ai-driven-innovations-and-expands-european-presence-at-ecr-2024-302068566.html

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Flash News: Native Integrates OKX Wallet for Seamless Access

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SINGAPORE, Feb. 22, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for February 23, 2024.

OKX Wallet’s browser extension is now integrated with Native, the invisible decentralized exchange (DEX) layer that allows each DEX to be owned by an individual project. By integrating OKX Wallet, Native users can now easily connect their wallets to access the DEX network’s deep liquidity pools directly from the Native interface.

The integration gives Native traders improved convenience by enabling decentralized trading without leaving Native. Users also maintain control of their private keys while trading on Native’s DEX layer, improving security.

OKX Wallet is a secure and user-friendly crypto wallet and gateway to decentralized apps. By integrating with Native, OKX Wallet gives its users access to Native’s broad DEX liquidity pools and trading capabilities. This creates a smooth, seamless trading experience for the Native community.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

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