Fintech PR
Bitcoin ETF Approval Looms, Bitcoin Minetrix Raises $7.5m as FOMO Builds
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
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.
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’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.
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.
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).
Media contact – Gary McFarlane, gary.mcfarlane@clickoutmedia.com
Photo – https://mma.prnewswire.com/media/2311931/Bitcoin_Minetrix.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bitcoin-etf-approval-looms-bitcoin-minetrix-raises-7-5m-as-fomo-builds-302027345.html
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
The following files are available for download:
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Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
|
|
https://news.cision.com/eqt/i/eqt-ab-group,c3285895 |
EQT AB Group |
View original content:https://www.prnewswire.co.uk/news-releases/invitation-to-presentation-of-eqt-abs-q1-announcement-2024-302109147.html
- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
Photo – https://mma.prnewswire.com/media/2380039/Photo_1__2024_CEO_Investor_Day.jpg
PDF – https://mma.prnewswire.com/media/2380040/Press_Release__2024_Kia_CEO_Investor_Day_240405.pdf
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/kia-presents-roadmap-to-lead-global-electrification-era-through-evs-hevs-and-pbvs-302109142.html
VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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View original content:https://www.prnewswire.co.uk/news-releases/biovaxys-technology-corp-provides-bi-weekly-mcto-status-update-302108920.html
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