Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Latest News

iMining Technologies Launches Staking on Terra LUNA

Published

on

Reading Time: 3 minutes

CanETH Staking Services Inc., a wholly owned subsidiary of iMining Technologies Inc., enables Terra (“LUNA”) token staking. The staking operation will secure the Terra Blockchain while generating additional cryptocurrency.

Vancouver, British Columbia–(Newsfile Corp. – December 16, 2021) – iMining Technologies Inc. (TSXV: IMIN) (the “Company” or “iMining“) announced today that its wholly owned subsidiary, CanETH Staking Services Inc. (“CanETH”) has launched staking solutions for the native token of the Terra Blockchain, LUNA.

Recently, LUNA has outshined its peers, including Ethereum and Bitcoin, as it has been able to further develop its entire ecosystem. Like Ethereum, Terra is a programmable money for the internet. “Terra deploys a suite of algorithmic decentralized stable coins which are one of the key pillars in Decentralized Finance,” said Dwain Pereira, VP Staking Solutions. “Staking on Terra LUNA is rewarded by compute fees, stability fees and swap fees. Terra has become one of the fastest growing ecosystems in crypto with many projects across DEFI, Web3.0 and NFTs.”

Terra is a public blockchain protocol deploying a suite of algorithmic decentralized stable coins which underpin a thriving ecosystem that brings Decentralized Finance to the masses. The Terra blockchain is unique because it is able to host a multitude of algorithmic stable coins on its network. Terra LUNA is the 12th largest blockchain with a market cap of US$23.6 billion.

While many see the benefits of a price stable cryptocurrency that combines the best of both fiat and crypto, not many blockchains have a clear plan for the adoption of such a cryptocurrency. Since the value of a currency as a medium of exchange is mainly driven by its network effects, a successful digital currency needs to maximize adoption to become useful. Terra LUNA, which is both price stable and growth driven, achieves price stability via an elastic money supply, enabled by stable staking incentives. It also uses seigniorage created by its staking operations as transaction stimulus, thereby facilitating adoption.

“The price volatility of cryptocurrencies is a widespread challenge and I believe Terra LUNA has both price stability and growth. Terra LUNA is expected to have a significant impact as one of the best use cases across DEFI, Web3.0 and NFTs,” said Khurram Shroff, CEO of iMining.

About iMining Technologies Inc.

iMining is a publicly listed Web3.0 technology company developing technology for Proof of Stake (“POS”) infrastructure on Ethereum, Cardano, Avalanche and Solana Blockchains and investing in revenue-generating crypto and blockchain assets linked to Decentralized Finance (“DeFi”) and Non-Fungible Tokens (“NFT”). iMining also owns BitBit Financial, an ATM Network and crypto OTC Platform.

With diverse blockchain investment and infrastructure solutions, iMining will be a leader in accelerating the growth of Web3.0 for the enterprise market. The Company’s operations include secure and sustainable cryptocurrency payments, staking, mining and digital asset investment designed for the scale and compliance requirements of institutional clients. iMining is committed to building strong global blockchain ecosystems and supporting inclusive access to digital tools and technologies.

www.imining.com/

ON BEHALF OF THE BOARD

Signed “Khurram Shroff
Khurram Shroff, President & CEO

FOR FURTHER INFORMATION, please contact:
iMining Corporate Offices:
Saleem Moosa, Director
Email: [email protected]
Telephone: 1-604-602-4935
Toll Free: 1-866-602-4935

Evan Eadie, Corporate Development
Email: [email protected]
Telephone: (604) 602-4935 ext. 203
Toll Free: 1-866-602-4935

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management’s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/107793

Powered by WPeMatico

Latest News

Wagestream, a UK-based fintech company, secures £17.5 million in funding to extend its range of financial benefits.

Published

on

 

UK fintech Wagestream has secured a fresh £17.5 million investment to bolster its financial benefits platform tailored for low and middle-income earners.

The funding round includes contributions from existing investor Northzone, which also participated in Wagestream’s $175 million Series C funding in 2022, along with new investors Lombard Odier Investment Managers and British Business Bank subsidiary British Patient Capital.

Wagestream’s platform empowers employers to provide their workforce with access to an interactive payslip, enabling employees to select when they receive payment, save directly from their earnings, reduce expenses on bills, and access free debt advice.

Peter Briffett, co-founder and CEO of Wagestream, highlights the platform’s role in enhancing the work experience, improving quality of life outside of work, and driving business benefits for employers. Briffett emphasizes that healthy and financially secure teams are more loyal and productive.

Operational across 1,000 employers in the US, UK, and Spain – including notable names like Asda, Burger King, Bupa, Hilton, and the NHS – Wagestream serves approximately 3 million employees, primarily comprising shift and frontline workers.

With the latest funding infusion, Wagestream aims to expand its platform to offer a comprehensive suite of financial services. This expansion includes addressing the £430 premium that low and middle-income workers typically pay to access essential services.

Wagestream plans to introduce new services such as a credit-builder card for individuals with poor credit scores, shopping discounts to alleviate inflationary pressures, loans, and an AI-powered financial advisory tool, all slated for launch later this year.

The fintech company’s technological capabilities were reinforced by its acquisition of London-based credit card challenger Keebo in October last year.

Source: fintechfutures.com

The post Wagestream, a UK-based fintech company, secures £17.5 million in funding to extend its range of financial benefits. appeared first on HIPTHER Alerts.

Continue Reading

Latest News

AMN utilises SpaceX’s Starlink Constellation to Connect Rural Villages in Nigeria

Published

on

LONDON, April 18, 2024 /PRNewswire/ — AMN is pleased to announce that the first AMN base station is now live using LEO backhaul from SpaceX’s Starlink. In 2023, AMN announced a commercial agreement to use Starlink, SpaceX’s constellation of satellites in low Earth orbit, to connect AMN’s mobile network base stations with high-speed, low-latency broadband services.

By utilising Starlink terminals to provide low-latency satellite backhaul, we are able to deliver the full capability of AMN’s unique multi-carrier radio access node (the ARN) with 3G and 4G as well as 2G, with ever-increasing amounts of bandwidth and data volumes demanded by subscribers whilst remaining economically sustainable. The LEO backhaul also paves the way for AMN to deliver 5G services, targeted before the end of 2024.

AMN began rolling out rural base stations in Nigeria in 2018, and the company now owns and operates 1600 base stations across the country. Yebu was the first rural community to be connected using AMN’s ubiquitous solar powered base station. The village is located approximately 80km from Abuja, but can take four hours to reach due to road conditions. Yebu is predominantly an agricultural community, with a market offering local farmers the opportunity to sell their goods.

Since connecting the community in November 2018, AMN has processed more than 9 million voice minutes in Yebu, with significant growth in 2022 and 2023 following the BTS upgrade to AMN’s own radio node (ARN). AMN became an OEM for RAN equipment in 2020 following the acquisition of Range Networks, and now operates more than 1200 ARN across Africa and Latin America. The impact of this strategic move is clear in Yebu. In 2023, the site processed almost three times the amount of traffic than it did in 2020.

“Yebu community was left behind and blind but the coming of Africa Mobile Networks in 2018 has made us to achieve a lot of things like police division station, 24 hours solar light and steady communication all over the world. Before then there was nothing like those things listed.” – Salihu, on behalf of the Yebu community

AMN believes that all communities of any significant size should have access to telecommunication services to benefit the population educationally, economically and socially. AMN has deployed over 4000 base stations across Africa and Latin America. Installation of new sites continues throughout 2024 in Nigeria, DRC, Cameroon, Madagascar, Ivory Coast, Benin and Rwanda. At AMN, we appreciate that any solution to close the digital divide must be economically sustainable and offer a service of the same quality as in urban areas. From designing and manufacturing our own BTS, uniquely developed for the solar-powered rural site, to offering cutting-edge backhaul solutions, we are committed to bringing high quality connectivity to those living in rural and ultra-rural areas.

CONTACT: Jennifer Darcy, [email protected], +44 1908 394482

 

View original content:https://www.prnewswire.co.uk/news-releases/amn-utilises-spacexs-starlink-constellation-to-connect-rural-villages-in-nigeria-302121059.html

Continue Reading

Latest News

Canaan Shines at Blockchain Life 2024 in Dubai

Published

on

DUBAI, UAE, April 18, 2024 /PRNewswire/ — Canaan Inc. (Nasdaq: CAN), the creator of ASIC Bitcoin miners, captured the spotlight at the highly anticipated Blockchain Life 2024 event in Dubai, UAE, on April 15th-17th. As the world’s first blockchain company listed on Nasdaq, Canaan introduced its cutting-edge One-Stop Mining Solutions, flagship Avalon miners, and the eye-catching Avalon Nano 3. Canaan also emphasized strategies of Bitcoin green mining in the Middle East.

One-Stop Mining Solutions

Canaan is the creator of the ASIC Bitcoin mining chip and has been consistently upgrading new products and services to facilitate greener and easier mining experiences for the clients.

The transition towards sustainable stable and reliable Bitcoin mining investments has inspired Canaan to develop One-Stop Mining Solutions with high ROI to customers and adapting to various environment including high-temperature, dusty and sandy scenarios. Avalon Miners features leading PE performance, most cost-effectiveness. Avalon Boxes offer customized with air-cooling and immersion cooling Bitcoin miners, along with ready sites for swift deployment of mining rigs in seven countries worldwide.

Avalon Nano

Avalon Nano is the coolest handy miner in the world, designed to be portable and user-friendly. Resembling a mobile hard disk, it’s compact enough to fit in your pocket and comes in lively colors.

Avalon Nano aims to make mining more accessible to everyone, while creatively raising public awareness about Bitcoin mining. Easy to set up, this innovative product has garnered positive feedback from customers for its quiet operation and simplicity. Avalon Nano stands out with its dual functionality – it is not only capable of mining Bitcoin but can also provide warmth for your hands and feet during chilly winters.

Green Bitcoin Mining

The Middle East is at the forefront of green transition efforts, aligning perfectly with Canaan’s green mining strategy. Canaan’s green mining strategy focuses on enhancing the environmental friendliness of Avalon miners and Avalon Boxes. Canaan is dedicated to developing more efficient chip designs and air-cooling mining rigs, leading the global development of immersion cooling miners. Through collaborations with partners in Kazakhstan, Ethiopia, and the US, Canaan is actively promoting green mining practices by utilizing clean energies such as hydroelectricity.

Committed to advancing the prosperity and sustainability of the Bitcoin mining ecosystem, Canaan continues to set the standard as a prominent player in the Bitcoin mining industry. By providing cutting-edge technology and comprehensive services, Canaan keep empowering its partners and driving innovation across the mining industry.

Media Contact: [email protected]

View original content:https://www.prnewswire.co.uk/news-releases/canaan-shines-at-blockchain-life-2024-in-dubai-302121103.html

Continue Reading

Trending