News Hub | News Direct

All Industries


Article thumbnail News Release

Chakana Copper set to begin fully-funded 3,000 metre drill program in April

Chakana Copper Corp

Chakana Copper CEO - David Kelley joined Steve Darling from Proactive to unveil the finalized plans for an upcoming 3,000-meter drill program scheduled to commence by April 1, 2024, at the Soledad project located in the Ancash province of Peru, situated within the prolific Miocene mineral belt. In his discussion with Proactive, Kelley expressed confidence in the company's fully-funded status, emphasizing that the forthcoming drill program represents a pivotal step in Chakana Copper's exploration efforts. The focus will primarily be on the south half of the Soledad project, where an expanded drill permit was secured in 2023. Kelley elaborated on the strategic objectives of the drill program, highlighting the priority targets identified within this region. Chief among these is the Mega-Gold porphyry target, characterized by a substantial 2.5 km2 soil gold anomaly, accompanied by pervasive phyllic alteration and notable induced polarization chargeability responses. Chakana Copper believes that the Mega-Gold target is situated around a mineralized intrusion linked to tourmaline breccia pipes and high-sulfidation epithermal (HSE) alteration, forming a comprehensive 12 km2 zoned mineral system. The company intends to allocate the majority of its drilling efforts towards this compelling target. Furthermore, additional drilling will be conducted at the La Joya HSE zone and the Estremadoyro tourmaline breccia pipe, further diversifying and strengthening the exploration focus. Kelley emphasized that these three principal target areas have been meticulously chosen to maximize the potential for discovering both gold and base metal mineralization. As the anticipation builds for the commencement of the drill program, Chakana Copper is poised to embark on a comprehensive exploration campaign aimed at unlocking the mineral wealth concealed within the Soledad project. With a strategic focus on high-potential target areas and a robust funding position, the company is well-positioned to advance its exploration objectives and deliver value to its stakeholders in the dynamic mining landscape of Peru. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 22, 2024 11:30 AM Eastern Daylight Time

Video
Article thumbnail News Release

Demystifying Data Privacy: FiscalNote (NYSE: NOTE) Provides Expert Insights For Navigating Regulations

Benzinga

By Faith Ashmore, Benzinga As the world increasingly becomes increasingly more digitalized, laws around privacy are taking center stage. Governments and their people are starting to ask the complex question of what the standard of privacy is in our digital world. Data privacy regulations, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA), are examples of recent policy measures that aim to protect individuals' data rights and enforce control measures on businesses that handle personal data. The GDPR, which came into effect in 2018, applies to all companies processing the personal data of European Union (EU) citizens, irrespective of the company's location. It establishes rules for data collection, processing and storage, and gives individuals the right to access, rectify or erase their personal data. The GDPR also imposes hefty fines for non-compliance, emphasizing the need for businesses to prioritize data privacy. Similarly, the CCPA, enacted in 2020, focuses on protecting the privacy rights of California residents. It grants consumers greater control over their personal information, allowing them to request access to their data, opt out of its sale and demand its deletion. The CCPA applies to businesses that exceed certain thresholds related to revenue or the amount of consumer data processed. Non-compliance with the CCPA can result in substantial financial penalties, making it crucial for businesses operating within California to implement adequate data privacy measures. While these are two examples of laws that have recently come to fruition, governments are constantly looking at new bills and laws to regulate the digital world. Whether you’re working for a corporation, running a business or non-profit or are just a concerned citizen, being in the know about how lawmakers are shaping the future of privacy is an important part of both civic engagement and business management. That’s where companies like FiscalNote (NYSE: NOTE) come into play. FiscalNote is a premier information services company focused on global policy and market intelligence. Combining AI-driven intelligence and peer insight, the company has a suite of products that helps lawmakers, companies and other organizations alike tackle the world of digitalization. The company prides itself on providing its customers with a full, unbiased story and it does not source its information from vendors. FiscalNote data and AI extract value and insights by accessing billions of datasets. Users can automate policy and track issues at federal, state and local levels to help make more informed decisions. 25 of the top Fortune 50 companies rely on FiscalNote’s AI-driven policy monitoring solutions, as well as 100% of U.S. federal agencies. The company has found that, on average, companies that use FiscalNote save 3+ hours a week that would otherwise be dedicated to policy and stakeholder research. FiscalNote is also well-established in the EU with its team of experts on the ground in Brussels. The evolution of data privacy regulations such as GDPR and CCPA reflects the growing concern for individual rights in a digital era. As businesses navigate these regulations, they must continue to adapt their policies, processes and technologies. This will help to ensure compliance, prioritize data protection and build trust with their customers. FiscalNote can effectively help companies be on top of the latest news to ensure they stay compliant with new regulations and are prepared for impending laws that will impact businesses. 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 22, 2024 09:15 AM Eastern Daylight Time

Article thumbnail News Release

BYND Cannasoft Enterprises Inc. Announces 1-for-190 Reverse Stock Split Implemented

BYND Cannasoft Enterprises

ASHKELON, Israel and VANCOUVER, British Columbia – TheNewswire – March 22, 2024 - BYND Cannasoft Enterprises Inc. (Nasdaq:BCAN) (“BYND Cannasoft” or the “Company”) an Israeli-based integrated software and cannabis company, today announced that the previously announced 1-for-190 reverse stock split of its outstanding shares of common stock has been made effective today, March 22, 2024. This reverse split replaces the one approved at the meeting of the shareholders of the Company held on February 27, 2024. The Company’s common stock will begin trading on a reverse stock split-adjusted basis at the opening of the market on March 22, 2024. Following the reverse stock split, the Company’s common shares will continue to trade on The Nasdaq Capital Market under the symbol “BCAN” with the new CUSIP number 05608P208. The reverse stock split is part of the Company’s plan to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. At the effective time of the reverse split, every 190 of the Company’s common shares will automatically be combined into one issued and outstanding common share without any change in the par value per share. Fractional shares have not been issued in connection with the reverse stock split. All fractional shares were rounded up to the next whole share. The reverse stock split affected all stockholders uniformly and did not alter any stockholder’s relative interest in the Company’s equity securities, except for any adjustments for fractional shares. In addition, proportionate adjustments have been made to the number of shares underlying, and the exercise or conversion prices of, the Company’s outstanding common share purchase warrants, and to the number of shares of common stock issuable under the Company’s equity incentive plans. The reverse stock split reduced the number of issued and outstanding shares of the Company’s common stock from 147,737,748 to approximately 777,641.    About BYND Cannasoft Enterprises Inc. BYND Cannasoft Enterprises is an Israeli-based integrated software and cannabis company. BYND Cannasoft owns and markets "Benefit CRM," a proprietary customer relationship management (CRM) software product enabling small and medium‐sized businesses to optimize their day‐to‐day business activities such as sales management, personnel management, marketing, call center activities, and asset management. Building on our 20 years of experience in CRM software, BYND Cannasoft is developing an innovative new CRM platform to serve the needs of the medical cannabis industry by making it a more organized, accessible, and price-transparent market. The Cannabis CRM System will include a Job Management (BENEFIT) and a module system (CANNASOFT) for managing farms and greenhouses with varied crops.  BYND Cannasoft owns the patent-pending intellectual property for the EZ-G device. This therapeutic device uses proprietary software to regulate the flow of low concentrations of CBD oil, hemp seed oil, and other natural oils into the soft tissues of the female reproductive system to potentially treat a wide variety of women's health issues. The EZ-G device includes technological advancements as a sex toy with a more realistic experience and the prototype utilizes sensors to determine what enhances the users' pleasure. The user can control the device through a Bluetooth app installed on a smartphone or other portable device. The data will be transmitted and received from the device to and from the secure cloud using artificial intelligence (AI). The data is combined with other antonymic user preferences to improve its operation by increasing sexual satisfaction. Commercialization of the EZ-G device is subject to receipt of regulatory approvals. For further information please refer to information available on the Company’s website: www.cannasoft-crm.com, and on SEDAR+: www.sedarplus.ca. Gabi Kabazo Chief Financial Officer Tel: (604) 833-6820 e‐mail:  ir@cannasoft-crm.com Cautionary Note Regarding Forward-Looking Statements This press release includes certain statements that may be deemed “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended and under Canadian securities laws. When used in this press release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward‐looking statements. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual events or developments may differ materially from those in forward-looking statements. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made, including future financial performance, unanticipated regulatory requests and delays, final patents approval, and those factors discussed in filings made by the company with the Canadian securities regulatory authorities, including (without limitation) in the company's management's discussion and analysis for the year ended December 31, 2022 and annual information form dated March 31, 2023, which are available under the company's profile at www.sedar.com, and in the Company’s Annual Report on Form 20-F for the year then ended that was filed with the U.S. Securities and Exchange Commission on April 27, 2023. Should one or more of these factors occur, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward‐looking statements, except as required by law. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. Shareholders are cautioned not to put undue reliance on such forward‐looking statements.

March 22, 2024 08:31 AM Eastern Daylight Time

Article thumbnail News Release

Reward Pool Doubling! HTX Liquid Restaking to Add $50M Staking Quota on March 25

HTX

On March 25, HTX will be adding another $50 million staking quota for the Liquid Restaking event, thereby doubling the current reward pool. According to reports, the event attracted over 10,000 participants within just 10 minutes of its debut, with participants eagerly securing their share of the initial $50 million staking quota. HTX Increases Prize Pool Amid Ongoing Restaking Fever With the completion of the Dencun Upgrade, Ethereum and its associated ecosystem are showing robust performance. The narrative of liquid restaking (LRT) has garnered substantial market attention with the surge of EigenLayer projects. As the first crypto exchange to support Restaking, HTX pioneered the Liquid Restaking event, allowing users to share on-chain rewards in an easy, risk-free way. Since its debut, the HTX Liquid Restaking event has been met with enthusiasm from users. Currently, the event boasts over 20 million followers and 58,000 participants, with a total participation amount exceeding $100 million. By enrolling now, participants will not only receive daily on-chain rewards generated by the platform's $50 million staking quota but also stand a chance to double their rewards as the platform adds another $50 million staking quota on March 25. Meanwhile, participants will be able to enjoy a 150% boost on their rewards as the platform prepares to roll out the following features soon. 1. Join by Teaming Up with Friends: Participants can team up with their friends to get enrolled in Liquid Restaking and consequently enhance their reward sharing. 2. Enjoy Boost Based on Contributions to the Platform: Participants' daily trading fees and HTX holdings (in spot and Earn accounts) can help raise their share of rewards. 3. More Accounts Available: Participants' assets in futures accounts will also be snapshotted, besides spot accounts, to boost their share of rewards. Platform users can invite friends to share the prize pool! Simply by clicking "Enable All" on the event page, they'll be able to participate in Liquid Restaking with multiple cryptocurrencies and through multiple accounts. Join the HTX Liquid Restaking to Earn Initial Airdrops from Trending Projects HTX provides easy access to the Liquidity Restaking event. Visit the Liquid Restaking event page on the platform, and users can easily enroll in the event with just one click. Remember to fund your HTX account by making deposits, trades, etc., to hold at least $1 worth of BTC, ETH, USDT, HTX, TRX, or other designated assets. Rewards you can expect to receive: ● EigenLayer's initial airdrop (A trending Ethereum restaking project with TVL of over $7 billion) ● Puffer's initial airdrop (A trending Ethereum restaking project with TVL of over $1 billion) ● Merlin Chain's initial airdrop (A Bitcoin Layer 2 solution with TVL of over $1.5 billion) ● BounceBit's initial airdrop (A Bitcoin staking chain with TVL of over $0.45 billion) ● Crypto rewards, such as ETH, USDT, HTX, and TRX Event rewards will be distributed in various LRS points. You can redeem these points for corresponding cryptocurrencies after the designated projects distribute airdrops. The distribution timing of the rewards depends on the projects' initial airdrop schedule, which may commence after April. Rest assured that your assets on the HTX exchange will always be safeguarded regardless of any risks that may occur on the blockchain during the event, and the earnings will be distributed in the form of rewards. HTX will fully bear any potential losses that may occur, providing you with a worry-free participation experience. The HTX Liquid Restaking event, boasting features such as high value, free claims, greater flexibility, and zero risk, provides CEX users with an excellent opportunity to share on-chain rewards in an easy, risk-free way. Given participants' enthusiasm in grabbing the initial $50 million staking quota, it's advisable to stay informed about the upcoming second round, which will add an extra $50 million staking quota. Join early to maximize your rewards and points. Don't miss the opportunity to reap on-chain rewards offered by the HTX Liquid Restaking event. 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 Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

March 22, 2024 08:20 AM Eastern Daylight Time

Article thumbnail News Release

Red Lake Gold Inc. Announces Extension of Financings

Red Lake Gold Inc

Vancouver, British Columbia – TheNewswire - March 22, 2024 - Red Lake Gold Inc. (CSE: RGLD)(“ Red Lake Gold ” or the " Corporation ") reports that under market conditions it has extended the contemplated closing period of the non-brokered common share unit financing (the " HD Financing ") and the non-brokered flow-through unit financing (the " Flow-Through Financing ")(the HD Financing and Flow-Through Financing together, the “ Financings ”) previously announced by the Corporation (see news release, Red Lake Gold Inc. Announces Financing at Prevailing Market Price, dated February 7, 2024) by a period of approximately two weeks, such that if a closing, or tranche thereof, for either the HD Financing or the Flow-Through Financing were to occur, that such closing, as applicable, would now occur on April 4,, 2024 or earlier if so done by the Corporation. In addition to the foregoing, the Corporation intends to determine potential participation interest in the Financings by Insiders (as that term is defined by securities laws) after the filing of its audited financial statements (the “ Annual Financials ”) which are anticipated to be filed in ordinary course pursuant to regulatory timelines, being on or before April 1, 2024. On Behalf of the Board of Directors Ryan Kalt Chairman & Chief Executive Officer T: 604.687.2038 Email: info@redlakegold.ca   Forward-Looking Statements This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties, including but not limited to the number of Units issued, if any, under the HD Financing and the closing, if any, of the HD Financing, and the number of Flow-Through Units issued, if any, under the Flow-Through Financing, as the closing, if any, of the Flow-Through Financing, and the timing of the Annual Financials. Actual results may differ materially from those currently expected or forecast in such statements. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.

March 22, 2024 08:01 AM Eastern Daylight Time

Article thumbnail News Release

Bitget Unveils Proof of Reserves (POR) in March 2024: BTC & ETH Assets Surge by 20%

Bitget

Bitget, the world's leading cryptocurrency exchange and Web3 company, has introduced its latest monthly Proof of Reserves (PoR) report, showcasing its strong dedication to transparency. The report reveals an exceptional total reserve ratio of 173%, with the assets of BTC, ETH, and USDT increasing by over 20%. It emphasizes Bitget's unwavering commitment to ensuring user funds are consistently supported by substantial reserves. With these regular PoR disclosures, Bitget upholds its pledge to maintain 100% backing for user funds. Bitget reaffirms its unwavering commitment to sound financial practices and stability as evidenced by its latest PoR data. The impressive reserve figures underscore Bitget's utmost devotion to protecting user assets and maintaining a high level of transparency. As of March 22nd, Coinmarketcap reports that Bitget's total reserves exceed $2.5 billion, comprising prominent cryptocurrencies like BTC, ETH, USDT, and USDC. By conducting routine audits, Bitget ensures continuous visibility and upholds its responsibility to openness and accountability. Gracy Chen, Managing Director at Bitget said: " Bitget is committed to delivering the utmost security and transparency for its users, emphasizing financial stability and technical resilience to establish unwavering trust in the platform. We take great pride in upholding the strongest reserve ratio among prominent exchanges, cementing Bitget's position as a dependable and credible cryptocurrency exchange. This steadfast dedication to financial stability further bolsters the confidence of Bitget's users in the platform's reliability. " Bitget's dedication to transparency aligns with its focus on maximizing user protection. In addition to its robust reserves, Bitget has established a Protection Fund and publishes monthly valuations to further safeguard users from unforeseen threats. Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Contact Details Sylvia Huang +971 52 892 2724 media@bitget.com

March 22, 2024 06:10 AM Eastern Daylight Time

Article thumbnail News Release

Consumer Staples Sector ETF XLP: The Essential Goods Market can be a Strategic Investment

Select Sector SPDR

The Consumer Staples Select Sector SPDR Fund (XLP) is pleased to provide an update on its portfolio composition, offering investors a unique opportunity to gain exposure to the consumer staples sector. The ETF offers an appealing option for investors looking to implement a sector rotation strategy or tilt their portfolio towards defensive assets. This sector includes companies involved in the development and production of essential consumer products such as food and drug retailing. Currently, XLP's top holdings* include a comprehensive list of well-known stocks from industry-leading companies: Procter & Gamble (14.76%) Costco Wholesale (12.97%) Coca-Cola (9.20%) PepsiCo (8.96%) Walmart (4.94%) Mondelez Int’l (4.36%) Philip Morris Int’l (4.18) Altria (3.28%) Colgate-Palmolive (3.23%) Target (3.20%) These companies represent a cross-section of the consumer staples sector, providing goods and services that consumers use on a daily basis. As such, these companies can offer stability during times of economic uncertainty, making XLP a potential strategic investment option. XLP has consistently provided precise exposure to companies from consumer staples distribution and retail, household products, food products, beverages, tobacco, and personal products sectors. With total net assets of over $15 billion, XLP continues to be a significant player in the ETF market. The XLP's strategy of investing in companies that produce essential consumer products has proven to be a consistent approach. Its holdings are composed of industry-leading companies that have a strong presence in the consumer staples sector. This makes XLP a potentially robust and resilient investment option, even during challenging economic conditions. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 2/29/24 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007375 EXP 4/30/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

March 22, 2024 05:00 AM Eastern Daylight Time

Article thumbnail News Release

Revolutionizing Cinema: SportsQuest and Huayi Cinemas Merger Sparks Excitement

SPQS

In the landscape of penny stocks, one company has recently caught the attention of investors with its ambitious merger plans and strategic partnership in the burgeoning Chinese AI cinema industry. SportsQuest, Inc. (OTC: SPQS) has set its sights on a transformative merger with a leading Chinese AI theatre company, Shenzhen Huayi Excellent Cinemas Co., Ltd. (Huayi), marking a significant move towards reshaping the entertainment sector. Merger Announcement and Strategic Partnership The journey began in February 2024 when SportsQuest announced its intention to merge with Huayi, a pioneering force in the Chinese cinema industry known for its advanced AI technology and innovative approach to cinema management. The merger announcement highlighted Huayi's impressive track record in cinema operations, boasting a capitalization of $100 million in China and a visionary leadership team with over two decades of experience in movies and cultural development projects. The merger process, outlined in a supplemental filing, emphasized the commitment of both parties to ensure a seamless transition, including compliance with merger laws. SportsQuest, Inc. expressed its dedication to supporting the merger process and outlined plans for corporate restructuring, including the appointment of new officers and directors and a corporate name change to better reflect its expanded activities. As part of the merger process, SportsQuest and Huayi launched a new investor relations website, https://huayicinemas.net/, providing shareholders and followers with comprehensive insights into the strategic partnership. The Huayi Cinemas Advantage Huayi Cinemas, headquartered in Futian District, Shenzhen, Guangdong Province, China, is a trailblazer in the cinema industry, leading the chain operation of movie theaters with its cutting-edge AI technology. Huayi's core competitive advantage lies in its digital intelligent system technology, which drives efficient cinema management through its "Thousands of Cities, Ten Thousands of Cinemas" large-scale model. By accurately managing resources and data traffic, Huayi achieves seamless operations, positioning itself as a visionary leader in the industry. With a commitment to innovation, Huayi offers a diverse range of products and services tailored to enhance the movie-watching experience. Its Huayi Cinema Chain is renowned for high-quality screenings, offering comfortable seating, advanced equipment, and high-quality services. Additionally, Huayi utilizes AI technology to provide personalized services, optimize marketing strategies, and enhance audience engagement. Huayi's innovation extends to its Huayi Cinema Robot, equipped with digital AI intelligent system technology, enabling automated theater operations and enhancing efficiency. Moreover, Huayi Scent Movie represents an innovative form of movie experience, allowing audiences to experience scents corresponding to on-screen scenes, enriching the viewing experience. Currently operating 12 theaters across major Chinese cities, Huayi is poised for further expansion, with plans to acquire 50 cinemas by the end of 2024 and reach 500 cinemas by 2028. With a dedicated workforce of 139 employees, Huayi is committed to advancing the film industry through innovation and technology, reshaping the future of cinema. Formalization of the Merger As the merger progresses, SportsQuest, Inc. (OTC: SPQS) announced the formalization of a Special Purpose Vehicle (SPV) to comply with China's regulatory requirements on March 21. The SPV, designed to isolate risk and facilitate non-dilutive investment, represents a crucial step towards realizing the full potential of the merger. With both parties committed to leveraging AI technologies to enhance the cinema experience, the merger promises to deliver innovative solutions and drive market growth. Future Prospects As SPQS prepares for its role as the parent company of Huayi Cinemas, the company is poised to capitalize on the burgeoning AI cinema market in China and beyond. SportsQuest and Huayi Cinemas are poised to reshape the future of cinema through technological innovation and strategic partnerships. The potential of SportsQuest, Inc. (OTC: SPQS) lies in its ambitious merger with Huayi Cinemas, a Chinese AI theatre company. With a shared vision for leveraging AI technologies to revolutionize the cinema experience, the merger represents a significant opportunity for growth and innovation in the entertainment sector. Investors keen on tapping into the evolving landscape of AI-driven entertainment may find SportsQuest, Inc. an intriguing prospect in the penny stock market. CapitalGainsReport (CGR) is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. CapitalGainsReport (CGR) is owned by RazorPitch Inc. and has been retained by a third party to assist in the production and distribution of content related to SPQS. 'CGR' is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by CapitalGainsReport/RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR/RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details CapitalGainsReport Mark McKelvie +1 585-301-7700 Markrmckelvie@gmail.com Company Website http://razorpitch.com

March 22, 2024 05:00 AM Eastern Daylight Time

Article thumbnail News Release

HTX Pioneers the Era of Negative Fee Rates for BTC Trading: Daily Rewards of 100,000 USDT

HTX

HTX’s “Trade to Earn” has attracted widespread attention in the market since its launch on March 15, with popularity and influence steadily rising. This innovative model has not only attracted many users to actively participate but also set a new benchmark in the industry. 3 Days Since Launch: Cumulative Trading Volume Exceeds 1 Billion USDT According to official sources, within three days of its launch, HTX’s “Trade to Earn” has generated a cumulative trading volume exceeding 1 billion USDT, and its trading depth has returned to the Top 3. The trading volume has surged by 179% compared to before the event started. The platform has distributed rewards totaling over 300,000 USDT and bought back and burnt $HTX worth 160,000 USDT. This performance not only demonstrates the strong appeal of the HTX platform but also reflects that users highly recognize the “Trade to Earn” model. At the same time, this initiative effectively reduces the supply of $HTX, thus enhancing its stability and value. The Trade to Earn event is a benefit for all trading users at the HTX exchange. After successful registration for this event, participants can earn $HTX as rewards by trading designated cryptocurrencies. Additionally, all daily trading fees generated will be fully utilized for $HTX buybacks to support stable appreciation. 100% of $HTX acquired through buybacks will be entirely burned. This event enhances the platform's liquidity through reduced trading costs and improved trading efficiency, offering users better trading experience. Meanwhile, the supply of $HTX will be decreased through the event to enhance its stability and value, which will help attract more investors and users to participate in ecosystem development. Most importantly, this burning method also grants more earning opportunities for HTX DAO users. Through participation in liquidity mining and staking, users can receive more rewards in tokens, thereby achieving wealth appreciation. Until April 14: Daily Distribution of Rewards Worth 100,000 USDT According to an official announcement from HTX, the “Trade to Earn” event will continue until 11:59:59 (UTC) on April 14, with daily distributions of $HTX worth 100,000 USDT to provide users with more opportunities for wealth appreciation. In this round of activity, BTC/USDT is the designated spot trading pair for "Trade to Earn. The Trade to Earn event is on a daily basis. A day is defined from 12:00 (UTC) on Day T to 11:59 (UTC) on Day T+1. Event rewards will be calculated and updated starting on Day T+2 at 04:00 (UTC). Please claim your $HTX in time. In addition, this event is open to all users, including market makers and API traders. Users must have a Rocket count of ≥300 and successfully register on the event page to be eligible for the event. It is also worth noting that HTX actively listened to the suggestions of the HTX DAO community. After 16:00:00 (UTC) on March 19, 2024, participants in the "Trade to Earn" event will receive a portion of their trading fees as a reward, which will no longer be allocated as commissions to their higher-level partners. Other trading pairs will remain unaffected. This initiative aims to further increase the daily buyback amount of $HTX to support stable $HTX appreciation. "Trade to Earn" serves as an innovative model for cryptocurrency trading and empowerment, provides users with broader opportunities to engage in trading and earn profits. HTX will continue to improve the “Trade to Earn” model, optimize user experience, and enhance platform value. At the same time, it will actively explore more innovative business models to provide users with more diversified and efficient digital asset trading services. 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 Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

March 22, 2024 02:42 AM Eastern Daylight Time

Image
1 ... 354355356357358 ... 3788