Crypto – Virtual Vers https://virtualvers.com Fri, 11 Oct 2024 12:29:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://virtualvers.com/wp-content/uploads/2024/06/android-chrome-512x512-1-150x150.png Crypto – Virtual Vers https://virtualvers.com 32 32 CCCC Reveals Star Speakers for First Event https://virtualvers.com/crypto/cccc-reveals-star-speakers-for-first-event/?utm_source=rss&utm_medium=rss&utm_campaign=cccc-reveals-star-speakers-for-first-event Fri, 11 Oct 2024 12:29:36 +0000 https://virtualvers.com/?p=9042 Crypto Content Creator Campus (CCCC) Unveils Star-Studded Speaker Lineup for Inaugural Event

DUBAI, UAE, Oct. 11, 2024 /PRNewswire/ — The Crypto Content Creator Campus (CCCC), the premier annual gathering for the crypto community, is thrilled to unveil its impressive lineup of confirmed speakers for the inaugural event taking place from November 8th to 10th in Dubai.

This powerhouse roster brings together leading figures in social media, marketing, finance, and the blockchain space, offering attendees unparalleled access to expert insights and invaluable industry connections.

Influencer Powerhouse Speakers:

Randi Zuckerberg, Founder & CEO, Zuckerberg Media and HUG: A pioneer in leveraging technology for social impact, Randi Zuckerberg will share her expertise on building a successful online presence and fostering meaningful connections in the crypto community.

Zach King, Top Global YouTuber: Renowned for his mind-bending illusions and captivating content, Zach King will offer creators unique strategies to capture attention, cultivate engagement, and stand out in the fast-paced digital landscape.

Humphrey Yang, TikTok Finance Influencer: A master of breaking down complex financial concepts into digestible, engaging content, Humphrey Yang will empower creators to navigate the world of crypto finance education with clarity and effectiveness.

Industry Leader Insights:

Kudzi Chikumbu, Ex-Global Head of Creator Marketing at TikTok: Kudzi Chikumbu brings a wealth of knowledge from the leading social media platform and as a successful creator himself. He will offer creators valuable insights into content strategies that resonate on TikTok and leverage its vast global reach.

Jon Youshaei, YouTube & Instagram Insider: With 8 years of experience at YouTube and Instagram, Jon provides a unique perspective on what it actually takes to grow your audience and income through social media. He’ll delve into creator best practices from his experience working at the world’s top social platforms and interviewing some of today’s biggest stars on his show, which has become a go-to source for creator education.

Venke Sharma, Global Head Product Strategy at Sprinklr: Leading product strategist Venke Sharma will shed light on emerging trends in content creation tools and technologies, equipping creators with the knowledge to stay ahead of the curve.

Stephanie Hind, Head of Top Creator Partnerships at Patreon and Ex-Head of Lifestyle and Education at TikTok: Stephanie Hind brings firsthand experience in shaping content trends on a massive platform. She’ll provide creators with actionable strategies for crafting content that resonates with specific audiences within the crypto community.

Quotes from Speakers:

Randi Zuckerberg: “I’m excited to join CCCC and share my insights on building a strong online voice and fostering impactful connections within the dynamic world of crypto.”

Zach King: “I’m looking forward to encouraging creators to break new ground, stretch their creativity, and captivate audiences with their unique content.”

Humphrey Yang: “Demystifying complex financial concepts for a new generation is crucial. I’m excited to share my experience and empower creators to educate audiences about the crypto space in a clear and engaging way.”

Registration for the Crypto Content Creator Campus is now open.  Visit the official website to secure your spot at this groundbreaking event.

About Crypto Content Creator Campus (CCCC)

We are a team of industry experts and visionaries committed to shaping the future of content creation within the Web3 and crypto sphere. Driven by a shared passion for creating a high-value community, we’ve curated a campus that promises an experience unlike any other.

For more details about CCCC, please visit: https://www.cccc.buzz/
For inquiries, please contact: hello@cccc.buzz

https://prnmedia.prnewswire.com/news-releases/crypto-content-creator-campus-cccc-unveils-star-studded-speaker-lineup-for-inaugural-event-302273983.html

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NAGA Unveils ‘Everything Money’ Site for Trading, Investing, Crypto https://virtualvers.com/crypto/naga-unveils-everything-money-site-for-trading-investing-crypto/?utm_source=rss&utm_medium=rss&utm_campaign=naga-unveils-everything-money-site-for-trading-investing-crypto Sat, 05 Oct 2024 11:57:21 +0000 https://virtualvers.com/?p=8389 NAGA Launches New ‘Everything Money’ Website Experience, Unifying Trading, Investing, Crypto, and Payments

HAMBURG, Germany, Oct. 3, 2024 /PRNewswire/ — NAGA has launched a unified website, combining trading, investing, cryptocurrencies*, and payments into a streamlined ‘Everything Money’ hub. This marks a major step in NAGA’s mission to make finance more available, intuitive, and social for all users.

By consolidating its core services into a single, user-friendly website, NAGA allows users to effortlessly manage their finances in one place.  The updated design strikes the perfect balance between providing information and maintaining a friendly, approachable tone ensuring an intuitive experience for both seasoned traders and beginners.

NAGA’s focus on collaboration is a key differentiator, with its Social Trading earning it the nickname “the Facebook of investing.” The platform allows users to follow Lead Traders, interact with them, and even Autocopy their trades in real time, fostering a connected and engaging experience. Collaborative tools are embedded across all of NAGA’s verticals, allowing users to share insights, discuss strategies, and learn from both experienced traders and peers. By breaking down traditional financial barriers, NAGA empowers users to engage with the markets in a more community-driven way.

Beyond its social trading capabilities, NAGA has also reimagined how traders can learn, offering a blend of modern, digestible resources. Users can now access video snippets alongside learning materials like e-books and webinars. This flexible, on-demand approach caters to traders looking to sharpen their skills at their own pace.

This unified website is just the latest in a series of transformative steps from NAGA. The company recently launched its “Everything Trading” app within Telegram, making it the first of its kind to allow users to trade directly inside the messaging platform. This innovation brings finance closer to everyday conversations, making trading more accessible. In addition, NAGA’s sponsorship deal with football giant Borussia Dortmund (BVB) further solidifies its reputation as a leading name in fintech.

All Services Under One Roof

NAGA’s brand refresh not only introduces a sleek new look but also reinforces its mission to simplify finance and make it accessible to everyone. Users can now access all the tools they need for their financial journey—whether it’s trading, investing, or managing cryptocurrencies* —through one consolidated experience.

Discover how NAGA’s ‘Everything Money’ hub can revolutionise your financial journey, connecting you with the markets like never before.  Explore the new site at naga.com today.

*Cryptocurrencies are offered via NAGA X Ltd.

https://prnmedia.prnewswire.com/news-releases/naga-launches-new-everything-money-website-experience-unifying-trading-investing-crypto-and-payments-302267076.html

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Bit Digital Releases September 2024 Production Update https://virtualvers.com/crypto/bit-digital-releases-september-2024-production-update/?utm_source=rss&utm_medium=rss&utm_campaign=bit-digital-releases-september-2024-production-update Sat, 05 Oct 2024 11:43:47 +0000 https://virtualvers.com/?p=8377 Bit Digital, Inc. Announces Monthly Production Update for September 2024

NEW YORK, Oct. 4, 2024 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York, announced its unaudited digital asset production, HPC services revenue, and corporate updates for the month of September 2024.

Corporate Highlights for September 2024

  • The Company had 256 servers actively generating revenue from its initial Bit Digital AI contract, as of September 30, 2024. The Company earned approximately $4.2 million of unaudited revenue from this contract during the month of September 2024.
  • In September 2024, the Company produced 51.5 BTC, a 3.6% decrease compared to the prior month.
  • The Company’s active hash rate was approximately 2.43 EH/s as of September 30, 2024.
  • Treasury holdings of BTC and ETH were 731.3 and 27,388.9 with a fair market value of approximately $46.3 million and $71.3 million, respectively, on September 30, 2024.
  • The BTC equivalent[1] of our digital asset holdings as of September 30, 2024, was approximately 1,863.0 or approximately $118.0 million.
  • The Company had cash and cash equivalents of $104.0 million and total liquidity (defined as cash and cash equivalents, USDC, and the fair market value of digital assets) of approximately $222.0 million, as of September 30, 2024.

Proof-of-Stake Highlights

  • The Company had approximately 21,568 ETH actively staked in native staking protocols as of September 30, 2024.
  • Bit Digital earned a blended APY of approximately 3.3% on its staked ETH position for the month of September 2024.
  • The Company earned aggregate staking rewards of approximately 57.9 ETH during September 2024.

Upcoming Events

  • AIM Summit Dubai Conference, Dubai, United Arab Emirates on October 21-22

About Bit Digital

Bit Digital, Inc. is a sustainable platform for digital assets and artificial intelligence (“AI”) infrastructure headquartered in New York City. Our bitcoin mining operations are located in the US, Canada, and Iceland. The Company has established a business line, Bit Digital AI, that offers specialized cloud-infrastructure services for artificial intelligence applications. For additional information, please contact ir@bit-digital.com or visit our website at www.bit-digital.com.

Investor Notice

Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 3.D of our most recent Annual Report on Form 20-F for the fiscal year ended December 31, 2023. If any material risk was to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or bitcoin hash rate may also materially affect the future performance of Bit Digital’s production of bitcoin. Actual operating results will vary depending on many factors including network difficulty rate, total hash rate of the network, the operations of our facilities, the status of our miners, and other factors.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of Bit Digital, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

[1] “BTC equivalent” is a hypothetical illustration of the value of our digital asset treasury holdings in bitcoin terms. BTC equivalent is defined as if all non-BTC digital assets, comprised of ETH, and USDC, were converted into BTC as of September 30, 2024, and added to our existing BTC balance. Conversion values are found using the closing price on coinmarketcap.com. Our digital asset portfolio excludes digital assets invested in a third-party managed fund.

SOURCE Bit Digital, Inc.

https://prnmedia.prnewswire.com/news-releases/bit-digital-inc-announces-monthly-production-update-for-september-2024-302267917.html

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BCrypt Conference: Top Blockchain and Web3 Experts Gather in Delhi https://virtualvers.com/crypto/top-blockchain-and-web3-experts-gather-in-delhi/?utm_source=rss&utm_medium=rss&utm_campaign=top-blockchain-and-web3-experts-gather-in-delhi Sat, 05 Oct 2024 11:40:02 +0000 https://virtualvers.com/?p=8373 BCrypt Conference: Bringing the Brightest Minds in Blockchain and Web3 to Delhi

NEW YORK, Oct. 4, 2024 /PRNewswire/ — Get ready for one of the most influential Web3 events of the year— BCrypt Conference 2024! Hosted by CSharpCorner, this groundbreaking event promises to shape the future of blockchain, Web3, and AI. Taking place from October 16-18, the conference will bring over 50,000 participants from across the globe virtually and in person to the Radisson Blu Kaushambi, Delhi. This year’s event is set to be a defining moment for decentralized technologies, with visionary leaders ready to ignite conversations that will drive the industry forward.

About BCrypt 2024

Presented by The Sharp Economy, BCrypt is India’s premier event for exploring the cutting edge of blockchain and Web3, BCrypt will bring together industry leaders, visionaries, and technology enthusiasts for keynotes, panels and sessions such as:

  • Nikil Viswanathan , Co-Founder of Alchemy : As the driving force behind one of the leading blockchain developer platforms, Nikil will share his insights into the future of blockchain infrastructure and how Alchemy is shaping the Web3 ecosystem.
  • Miko Matsumura , Managing Partner at gumi Cryptos Capital : A visionary in the blockchain investment space, Miko Matsumura will deliver a keynote address on emerging trends in cryptocurrency and decentralized finance, drawing from his extensive experience as a venture capitalist and thought leader in the industry.
  • Phillip Shoemaker , CEO/Executive Director of Identity.com : With a wealth of experience in digital identity and blockchain, Phillip Shoemaker will discuss the role of decentralized identity solutions in empowering secure and privacy-focused online interactions.

Top industry players from Ava LabsSolanaU, and Capgemini will also lead discussions on topics like the role of AI in decentralized systems, Web3 development, tokenomics, Web3 security, crypto regulations, and the virtual economy of the metaverse.

BCrypt + The Sharp Economy: Shaping the Future of Web3 Talent

The Sharp Economy is building the next generation of Web3 talent. Powered by the The Sharp Token (SHARP), this ecosystem allows developers to learn, earn, and grow. Unlike traditional platforms like GitHub or Stack Overflow, The Sharp Economy rewards contributions with real, redeemable tokens—not just badges. This creates a vibrant community where learning translates directly into opportunities and resources, making it the go-to platform for developers to advance their careers.

About CSharpCorner

With over three million members, CSharpCorner is the world’s leading online community for developers, offering unparalleled resources to keep them at the forefront of the ever-evolving tech landscape.

SOURCE CSharp Inc

https://prnmedia.prnewswire.com/news-releases/bcrypt-conference-bringing-the-brightest-minds-in-blockchain-and-web3-to-delhi-302267854.html

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EBSWARE Debuts EBS xTrader for Crypto, Forex, and Global Equity https://virtualvers.com/crypto/ebsware-debuts-ebs-xtrader-for-crypto-forex-and-global-equity/?utm_source=rss&utm_medium=rss&utm_campaign=ebsware-debuts-ebs-xtrader-for-crypto-forex-and-global-equity Sat, 05 Oct 2024 11:36:40 +0000 https://virtualvers.com/?p=8370 EBSWARE Launches Multi-Asset Online Trading Platform EBS xTrader for Crypto Currencies, Forex, and Global Equity

KUALA LUMPUR, Malaysia, Oct. 4, 2024 /PRNewswire/ — EBSWARE, a leading financial technology firm is excited to announce the official launch of its innovative multi-asset online trading platform – EBSWARE xTrader. The platform offers traders and investors the ability to engage in a wide range of financial markets, including crypto currencies, Forex, and global equity.

As the demand for diversified investment portfolios grows, xTrader is designed to cater to both beginner and advanced traders who seek seamless access to multiple asset classes in one user-friendly interface.

Key Features of EBSWARE’s xTrader:

  1. Multi-Asset Trading Capabilities: EBS xTrader supports a broad spectrum of tradable assets, including Crypto Currencies, Forex and Global Equity.
  2. Advanced Security Measures: EBSWARE prioritizes the security of its users with cutting-edge encryption technology and multi-factor authentication to ensure that trading activities remain safe from cyber threats.
  3. Real-Time Data and Analytics: Users benefit from real-time market data, advanced charting tools, and personalized analytics, allowing them to make informed trading decisions.
  4. 24/7 Customer Support: The platform features around-the-clock support to assist traders with any questions or concerns, always ensuring a smooth trading experience.

xTrader comes at a time when global markets are becoming increasingly interconnected, and investors are seeking easy access to diverse markets and asset classes.

“The financial markets are evolving rapidly, and we want to offer our clients a sophisticated platform that meets the demands of today’s dynamic trading environment,” said William Douglas, CEO of EBSWARE. “With xTrader, users can now easily diversify their portfolios by trading Crypto Currencies, Forex, and Equity from a single account.”

EBSWARE leverages state-of-the-art technology to deliver a secure, efficient, and high-performing trading platform. The firm has invested heavily in cloud infrastructure to ensure the platform’s stability and speed, even during periods of high market volatility.

“Crypto Currencies are increasingly becoming an integral part of global finance,” said Thomas Lee, Chief Technology Officer of EBSWARE. “Our platform recognizes this trend and provides traders with the flexibility to access both traditional assets and cryptocurrencies, making it easier for them to navigate and capitalize on this evolving market.”

About EBSWARE

EBSWARE is a leading financial technology and service provider in Fintech industry. Specializes in building and growing Stock/FX brokerages and Cryptocurrency Exchanges.

For more information about EBSWARE and to sign up for the new trading platform, please visit trader.ebsware.com.

Media Contact:
Vivian Wong
1-680-888-3690
384211@email4pr.com 

SOURCE EBSWARE Software Inc

https://prnmedia.prnewswire.com/news-releases/ebsware-launches-multi-asset-online-trading-platform-ebs-xtrader-for-crypto-currencies-forex-and-global-equity-302267801.html

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CleanSpark Releases September 2024 Bitcoin Mining Update https://virtualvers.com/crypto/cleanspark-releases-september-2024-bitcoin-mining-update/?utm_source=rss&utm_medium=rss&utm_campaign=cleanspark-releases-september-2024-bitcoin-mining-update Sat, 05 Oct 2024 11:33:55 +0000 https://virtualvers.com/?p=8366 Company finishes FY2024 with over 8,000 bitcoin in treasury, reaching 27.6 EH/s in hashrate and 552 MW of operational capacity at wholly-owned sites, increases of 258%, 187% and 132% from FY2023 respectively

Despite the halving, CleanSpark exceeds FY2023 production

LAS VEGAS, Oct. 3, 2024 /PRNewswire/ — CleanSpark Inc. (Nasdaq: CLSK), America’s Bitcoin Miner® (the “Company”), today released its unaudited bitcoin mining and operations update for the month ending September 30, 2024.

“I would like to thank the communities where we operate for their continued support following Hurricane Helene. Power has been restored to all sites with the exception of approximately 45 MW, which we expect to be restored in the coming days. As we reflect on the fiscal year ending September 30, 2024, we believe CleanSpark performed exceptionally well. During the past year, we grew our hashrate from 9.6 EH/s to 27.6 EH/s, or 187%, with 5 EH/s coming online just during the month of September. The Company executed its plan to strategically diversify its portfolio across three new states and completed multiple expansions at existing data centers,” said Zach Bradford, CEO. “During this same period of rapid growth, our share price increased approximately 145% compared to September 30, 2023. These results came from successfully navigating the halving, closing multiple acquisitions, delivering significant organic growth, and even riding out a hurricane to close out the year. We have successfully worked our way through each opportunity and obstacle and look forward to fiscal year 2025 with a goal of delivering even greater results. Our strategic approach pre- and post-halving has allowed us to not only showcase our operational excellence but also strengthen our treasury, which now exceeds 8,000 self-mined bitcoin.”

“Our expansion efforts have not slowed down, and we are actively racking miners at newly acquired sites and at our existing facilities as part of our fleet upgrade plan. Through these efforts, we expect to reach 30 EH/s during October 2024. Looking ahead to fiscal year 2025, we are positioned to rapidly achieve our forecasted growth to 50 EH/s and beyond. We look forward to providing further updates on 2025 in the coming weeks.”

September Bitcoin Mining Update (unaudited)

  • Bitcoin mined in September: 493
  • CY2024 bitcoin mined: 5,079
  • FY2024 (October 1, 2023 to September 30, 2024) bitcoin mined: 7,098
  • Total bitcoin holdings as of September 30: 8,049
  • Total bitcoin sold in September: 2.5
  • Deployed fleet: 188,520
  • Fleet efficiency: 21.94 J/Th
  • Month-end operating hashrate: 27.6 EH/s

The Company sold 2.5 bitcoin in September 2024 at an average price of approximately $58,287 per bitcoin. Peak hashrate reached 27.6 EH/s. Hurricane Helene impacted the Company’s operations at the end of September, leading to an average hashrate of 23.4 EH/s for the month, resulting in an average of 16.43 bitcoin mined daily and a single day high of 19.52 bitcoin mined.  

Additional Updates

Hurricane Helene. A statement was issued on behalf of CEO Zach Bradford regarding Hurricane Helene. The Company experienced no material damage to any site infrastructure and is not aware of any material losses related to its mining servers. As of October 2, 2024, all but 45 MW of power has been restored to the Company’s sites and the remaining 45 MW are expected to be restored in the coming days.

Dalton, Georgia: During September, the Company energized its 15 MW expansion in Dalton.

Sandersville, Georgia: The Company energized the 50 MW final phase of its 150 MW expansion in Sandersville.

Tennessee. The Company agreed to acquire seven bitcoin mining facilities and certain associated parcels of land in the Knoxville area, totaling 85 MW of bitcoin mining capacity at closing. As of September 30, 2024, five of the sites, which will support 65MW, had closed. The final two sites, which will support 20 MW, are expected to close in the coming days. The combined sites are expected to support a total of 5 EH/s once all the latest generation S21 pro miners are fully installed.

The company anticipates the completion of the acquisition of GRIID Infrastructure Inc. will occur before month’s end.

Cheyenne, Wyoming: The Company closed on its second site and preparations are underway for the construction of the first data center.

Clinton, Mississippi. The Company acquired two bitcoin mining sites and associated land near Clinton, which will be delivered to CleanSpark turnkey ready with an expected completion date of December 1, 2024. Upon completion and installation, the site will house S21 pro miners with an expected combined operating hashrate of approximately 1 EH/s.

Massena, New York. The Company made the strategic decision on October 1, 2024, not to renew its hosting agreement with Coinmint. The Company currently intends to focus all future efforts on its portfolio of wholly-owned and operated sites. The agreement with Coinmint is now set to expire on January 1, 2025.

About CleanSpark

CleanSpark (Nasdaq: CLSK) is America’s Bitcoin Miner®. We own and operate multiple data centers that primarily run on low-carbon power. Our infrastructure responsibly supports Bitcoin, the world’s most important digital commodity and an essential tool for financial independence and inclusion. We cultivate trust and transparency among our employees and the communities we operate in. Visit our website at www.cleanspark.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this press release, forward-looking statements include, but may not be limited to, statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: restoring power and operations to sites affected by Hurricane Helene; the build-out and energization of the two Clinton, Mississippi sites; the timing and closing of the Griid acquisition; the timing of and completion of construction and energization of the Wyoming data centers; anticipated additions and targets to CleanSpark’s hashrate and the timing thereof; the risk that the electrical power available to our facilities does not increase as expected; the success of its digital currency mining activities; the volatile and unpredictable cycles in the emerging and evolving industries in which we operate; increasing difficulty rates for bitcoin mining; bitcoin halving; new or additional governmental regulation; the anticipated delivery dates of new miners; the ability to successfully deploy new miners; the dependency on utility rate structures and government incentive programs; dependency on third-party power providers for expansion efforts; the expectations of future revenue growth may not be realized; and other risks described in the Company’s prior press releases and in its filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2023, and any subsequent filings with the SEC. Forward-looking statements contained herein are made only as to the date of this press release, and we assume no obligation to update or revise any forward-looking statements as a result of any new information, changed circumstances or future events or otherwise, except as required by applicable law.

Investor Relations Contact 
Brittany Moore
702-989-7693
ir@cleanspark.com 

Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com 

SOURCE CleanSpark, Inc.

https://prnmedia.prnewswire.com/news-releases/cleanspark-releases-september-2024-bitcoin-mining-update-302266617.html

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Tetra Trust Partners with Ledgible to Boost Data Services in Canada https://virtualvers.com/crypto/tetra-trust-partners-with-ledgible-to-boost-data-services/?utm_source=rss&utm_medium=rss&utm_campaign=tetra-trust-partners-with-ledgible-to-boost-data-services Sat, 05 Oct 2024 11:30:48 +0000 https://virtualvers.com/?p=8363 Tetra Trust, Canada’s Only Licensed Digital Asset Trust Company Chooses Ledgible to Enhance its Data Offerings

ATLANTA, Oct. 3, 2024 /PRNewswire/ — As the digital asset landscape continues to expand, the demand for reliable and efficient data solutions has never been more pressing. Recognizing this need, Tetra Trust, Canada’s first and only qualified custodian for digital assets, has turned to Ledgible, a leading digital asset tax and accounting platform, to further enhance their digital asset reconciliation processes.

Ledgible provides a comprehensive platform that enables institutions to integrate digital assets into their existing accounting systems seamlessly. With advanced capabilities such as transaction tracking, balance reconciliation, and staking reward management, Ledgible ensures that organizations maintain accurate and compliant financial records. “This makes Ledgible the preferred choice for enterprises looking to streamline their digital asset operations,” says Ledgible CEO, Kell Canty.

Tetra Trust: Securing Digital Assets

Tetra Trust, a pioneer in digital asset custody in Canada, provides secure and compliant custodial services tailored to institutional clients. With a strong focus on regulatory compliance and security, Tetra Trust has become a trusted name for institutions managing digital assets. To ensure the integrity of its custodial services, Tetra Trust continuously seeks innovative solutions to improve its internal operations.

Tetra Trust Adopts Ledgible to Enhance their Data Offerings

By working with Ledgible, Tetra Trust gains access to a powerful platform capable of addressing their complex reconciliation and data needs. This integration enables Tetra Trust to perform seamless balance reconciliation across its internal data, ensuring accurate cross-checking and confirmation of all digital asset transactions. In a space where trust and transparency are paramount, having accurate, SOC certified data on hand is essential for Tetra Trust to maintain its standing as a secure and reliable custodian.

Additionally, as the digital asset industry continues to adopt staking, Ledgible’s platform offers comprehensive tools for managing staking activities, including the ability to track and account for ETH staking rewards. This feature is particularly valuable to Tetra Trust, as it allows them to provide accurate, up-to-date reporting on staking rewards to clients and regulators, reducing the complexities associated with staking data management.

In addition to its core accounting and reconciliation features, Ledgible also integrates with Ledger Enterprise. This integration allows Tetra Trust to retrieve vital data directly from their Ledger Enterprise account through Ledgible’s API, enabling automated and reliable data reconciliation with their custody services. The efficiency gained through this integration minimizes manual processes, enhances data accuracy, and bolsters the overall security of Tetra Trust’s operations.

Driving the Future of Crypto Accounting

By leveraging Ledgible’s platform, Tetra Trust can enhance its efficiency and ability to manage and reconcile digital assets, strengthening its internal processes while ensuring that client accounts are both accurate and compliant with the highest industry standards.

This partnership reflects the growing need for trusted solutions in the digital asset space and highlights the importance of reliable accounting and reconciliation processes in building a strong digital asset ecosystem. As institutional interest in digital assets grows, solutions like Ledgible will continue to play a vital role in supporting custodians like Tetra Trust in navigating the complexities of crypto accounting and staking management.

About Ledgible

The Ledgible platform is built from the ground up to streamline digital asset tax information reporting and compliance. Ledgible ensures compliance for digital assets for some of the largest financial institutions in the world, including top 5 US banks, investment firms with $1B+ AUM, and top 10 crypto exchanges. As a SOC 1 & 2 Type 2 Certified platform, Ledgible is the trusted provider of choice for compliance and Form 1099 generation.

Contact:
Jan Jahosky
407-331-4699
384006@email4pr.com 

SOURCE Ledgible

https://prnmedia.prnewswire.com/news-releases/tetra-trust-canadas-only-licensed-digital-asset-trust-company-chooses-ledgible-to-enhance-its-data-offerings-302266283.html

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XRP Healthcare and Foventa Collaborate for Africa’s Premier Lab Expo https://virtualvers.com/crypto/xrp-healthcare-and-foventa-collaborate-for-africas-premier-lab-expo/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-healthcare-and-foventa-collaborate-for-africas-premier-lab-expo Sat, 05 Oct 2024 11:27:48 +0000 https://virtualvers.com/?p=8359 DUBAI, UAE, Oct. 3, 2024 /PRNewswire/ — XRP Healthcare is proud to announce its strategic partnership with Foventa for the All Things Lab and Testing Expo and Dialogue (ATLT), Africa’s foremost event dedicated to laboratory and testing services. Set to take place from October 3rd to 5th, 2024, at Nairobi’s Sarit Centre, ATLT will gather over 100 exhibitors and more than 10,000 delegates from over 20 countries, spanning industries such as healthcare, agriculture, engineering, and ICT. This collaboration marks a pivotal step in XRP Healthcare’s mission to revolutionize healthcare in Africa and beyond, with a focus on AI-driven healthcare solutions.

This partnership aligns with XRP Healthcare’s broader strategy to advance healthcare innovation, particularly in artificial intelligence (AI). The company recently established a dedicated AI team to pioneer advancements in healthcare AI, positioning itself at the forefront of AI integration in diagnostics, patient care, and medical research throughout Africa.

In conjunction with the event, XRP Healthcare is set to unveil the much-anticipated fourth edition of XRP Healthcare Magazine, which will be distributed to all ATLT attendees. This issue features none other than Elon Musk on the front cover, underscoring the magazine’s commitment to showcasing visionary leaders who are shaping the future of technology and healthcare.

The magazine also delves into the potential implications of a Donald Trump presidency on the rapidly evolving intersections of cryptocurrency and healthcare. In this issue, experts discuss how a return of Trump to the White House could create regulatory shifts that might either accelerate or challenge the growth of both the crypto and healthcare sectors. As these two industries become increasingly intertwined, the magazine provides in-depth insights into how blockchain and AI could reshape healthcare systems, making them more efficient and accessible.

“Our collaboration with Foventa is a significant milestone, as we aim to push the boundaries of healthcare in Africa. AI is rapidly transforming healthcare, and with our new AI team in place, we are poised to deliver cutting-edge solutions that will make healthcare more accessible and efficient. The ATLT expo will serve as a perfect platform to showcase our AI-driven initiatives to the African continent and beyond,” said Kain Roomes, CEO of XRP Healthcare.

With global projections showing that the healthcare AI market is expected to grow at a compound annual growth rate (CAGR) of 41.7% from 2021 to 2028, reaching a market value of $120.2 billion by 2028, XRP Healthcare is positioning itself at the forefront of this revolution. Africa, with its unique healthcare challenges, presents an enormous opportunity for AI solutions to enhance diagnostics and patient care, and XRP Healthcare is ready to lead the charge.

Whitney Lynn, Chairman of XRP Healthcare, highlighted the company’s strategic approach:

“We are focused on building a robust, forward-looking healthcare ecosystem, where AI plays a central role in enhancing patient care and operational efficiency. Partnering with organizations like Foventa, as well as our ongoing collaborations with other healthcare innovators, will further accelerate our progress. Our commitment to innovation, sustainability, and accessibility remains at the core of every decision we make.”

As the official media partner of the ATLT expo, XRP Healthcare Magazine will play a pivotal role in bringing the latest healthcare innovations to the forefront. The magazine will feature exclusive interviews, thought leadership pieces, and cutting-edge analysis, with physical copies distributed to all event attendees. This edition will also spotlight XRP Healthcare’s evolution towards AI-driven solutions and its role in the broader transformation of the healthcare sector. With contributions from some of the world’s most influential leaders, such as Elon Musk and commentary on Donald Trump’s potential influence on the future of crypto and healthcare, the magazine is expected to generate significant buzz.

Laban Roomes, COO at XRP Healthcare, on the Exponential Growth of AI and Partnerships:

“The innovation and upward trajectory of AI technology are truly exponential, and XRP Healthcare is at the epicentre of this transformation. Our partnership with Foventa marks just the beginning of an era where AI will not only enhance but also reshape the healthcare landscape across Africa and beyond. The sheer number of opportunities now opening up for us as a company is extraordinary. We are forging partnerships that will drive both innovation and expansion, leveraging AI to unlock solutions that were previously unimaginable. These technologies can help bridge the gap between patients and care in ways that traditional models of healthcare simply cannot match. With the global healthcare AI market set to exceed $120 billion by 2028, we are in a unique position to harness this growth and bring transformative, life-saving solutions to millions.”

As XRP Healthcare continues to push the envelope in healthcare innovation, the company remains committed to forming new, groundbreaking partnerships in the AI space. The partnership with Foventa is just the beginning, with plans already in motion to explore further collaborations that can amplify the reach and impact of XRP Healthcare’s AI-powered solutions. XRP Healthcare is focused on ensuring that its innovations not only advance healthcare technology but also improve the accessibility and quality of care for millions across Africa and the globe.

About XRP Healthcare

XRP Healthcare is revolutionizing global healthcare with blockchain & AI.
As the first Pharma and Healthcare platform built on the XRP Ledger, our Prescription Savings Card in the USA enhances accessibility and affordability. Meanwhile, our mergers and acquisitions in Africa are broadening healthcare access across the continent.

About Foventa Limited

Foventa Limited is a leading event organizer in Nairobi, specializing in creating impactful conferences and exhibitions across various sectors. Their deep understanding of healthcare, technology, and agriculture makes them an ideal partner for XRP Healthcare in the All Things Lab and Testing Expo and Dialogue.

https://prnmedia.prnewswire.com/news-releases/xrp-healthcare-and-foventa-collaborate-for-africas-premier-lab-expo-302266032.html

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CryptoStar Corp. Provides Update on Operations https://virtualvers.com/crypto/cryptostar-corp-provides-update-on-operations/?utm_source=rss&utm_medium=rss&utm_campaign=cryptostar-corp-provides-update-on-operations Sat, 05 Oct 2024 09:26:14 +0000 https://virtualvers.com/?p=8355 TSXV: CSTR
OTCQB: CSTXF

TORONTO, Oct. 2, 2024 /CNW/ – CryptoStar Corp. (TSXV: CSTR) (OTCQB: CSTXF) (“CryptoStar” or the “Company“), a cryptocurrency mining and data centre operator, is pleased to provide an update on operations.

Self-Mining Operations

  • In September 2024, the Company’s ASIC miners located in Quebec, Canada were shut down, reducing its total Hashrate by 27.12 PH/s. This led to a monthly revenue decline of USD$36,630 but also generated cost savings of USD$58,603 per month on power and hosting fees. (Source: https://whattomine.com/ Mining metrics are calculated based on a BTC – USD exchange rate of 1 BTC = $61,452 updated at 2024-10-02 01:50:10 UTC).
  • As at October 2, 2024, the Company maintains a self-mining hashrate of 21.26 PH/s, from ASIC miners operating under the off-peak program in Utah, USA, contributing USD $28,711 in monthly revenue. (Source: https://whattomine.com/ Mining metrics are calculated based on a BTC – USD exchange rate of 1 BTC = $61,452 updated at 2024-10-02 01:50:10 UTC).
  • Older generation Bitcoin miners, GPU rigs and GPU cards located in Quebec, Canada are to be sold as expeditiously as possible depending upon prevailing market conditions.

Hosting Operations

  • As at October 2, 2024, the Company has spare aggregate Equipment Hosting capacity of approximately 12 MW located at its award-winning data centre facilities in Utah, USA. The Company plans to execute new Equipment Hosting Agreements for the available mining capacity as expeditiously as possible.

Alberta Operations

  • The natural gas power generation site of 611890 Alberta Inc. DBA Avila Energy (the “Alberta Partner“) remains shut down. Litigation against the Alberta Partner et al. is ongoing with respect to the non-compliance with terms of the power supply agreement for up to 30 MW and damages arising therefrom.

Future Growth

  • The Company plans to continue to further expand its self-mining inventory of mining hardware. Further orders for mining hardware may be placed using astute capital management strategies based upon prevailing market conditions.
  • The Company continues to consider and perform diligence on potential transactions and opportunities.

Financial Position

  • The Company is in a strong financial position and is well capitalized.
  • As at October 2, 2024, the Company held 7.6 BTC and USD$1.98 million (CAD$2.7 million) in cash.
  • The Company has made payments and deposits for buildings, infrastructure equipment and security deposit payments of USD$2.4 million (CAD$3.3 million).

About CryptoStar Corp.:

CryptoStar has cryptocurrency mining operations with data centres located in the U.S.A. and Canada. CryptoStar is currently dedicated to becoming one of the lowest cost cryptocurrency producers in North America and a major supplier of GPU and ASIC miners worldwide.

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

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, “expects”, “is expected”, “anticipates”, “intends”, “believes”, or variations of such words and phrases or state that certain actions, events or results “may” or “will” be taken, occur or be achieved. Forward-looking statements include those relating to CryptoStar’s intention to sell older generation mining hardware, expected revenue generating capabilities of its ASIC and GPU miners, plans to execute new Equipment Hosting Agreements for available mining capacity in Utah, USA, , the assumption that damages will arise from its litigation with the Alberta Partner, CryptoStar’s plans to continue to expand its self-mining inventory of mining hardware, expand its data centre operations in North America, to partner with large cryptocurrency miners and CryptoStar’s plans of becoming one of the lowest cost cryptocurrency producers in North America and a major supplier of GPU and ASIC miners worldwide. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances. Actual results, performance or achievement could differ materially from that expressed in, or implied by, any forward-looking statements in this press release, and, accordingly, you should not place undue reliance on any such forward-looking statements and they are not guarantees of future results. Forward-looking statements involve significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements. Except as required by law, CryptoStar undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE CryptoStar Corp.

https://prnmedia.prnewswire.com/news-releases/cryptostar-corp-provides-update-on-operations-893730771.html

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Gleipnir Inc. Unveils Tokenization Strategy for Investment Access https://virtualvers.com/crypto/gleipnir-inc-unveils-tokenization-strategy-for-investment-access/?utm_source=rss&utm_medium=rss&utm_campaign=gleipnir-inc-unveils-tokenization-strategy-for-investment-access Tue, 10 Sep 2024 07:56:06 +0000 https://virtualvers.com/?p=7929 Gleipnir, Inc. Launches Tokenization Strategy to Improve Investment Accessibility

Gleipnir, Inc. Announces Innovative Tokenization Strategy, Pioneering Investment Accessibility on the Polygon Blockchain

GREENVILLE, Tenn., Sept. 9, 2024 /PRNewswire/ — Coinscribble by Coinbound / Gleipnir, Inc. is proud to announce a transformative advancement in the financial sector with the launch of a fully tokenized business structure on the Polygon blockchain. Steve Dick, the company’s visionary founder, articulated the significance of this initiative, stating, “Tokenization of corporate shares represents a major evolution in corporate structure, democratizing investment opportunities on a global scale. This innovative approach streamlines investment and ownership, making it accessible to a wider audience.”

Key Highlights of Gleipnir’s Tokenization Strategy:

  • Comprehensive Tokenization: Gleipnir is setting a new industry standard by adopting a fully tokenized approach from inception, foregoing traditional paper or book-entry shares.
  • Ownership Rights for Tokenholders: “Our tokens embody real ownership and rights,” asserts Dick, highlighting the protections outlined under Tennessee Code Title 48.
  • Advanced Smart-Contract Implementation: The Security Token Offering (STO) leverages smart contracts, promoting enhanced transparency and efficiency in the capital formation process.
  • Competitive Auction Mechanism: The STO utilizes a distinctive auction-style format akin to conventional market practices, allowing investors to determine their desired price.
  • Capital Formation via STO: All capital for the business will be sourced through this STO, reflecting Gleipnir’s dedication to enhancing accessibility to investment opportunities for everyone—not just institutions and affluent individuals.
  • Acceptance of Digital and Fiat Currencies: “Our STO is designed for inclusivity, catering to both seasoned crypto investors and traditional investors,” states Dick, emphasizing the acceptance of both digital assets and fiat currency.

Dick further elaborates, “Collectively, this capital formation structure is innovative and groundbreaking. If successful, we believe it will revolutionize corporate fundraising.”

Addressing Industry Challenges: Gleipnir is aware of the challenges surrounding blockchain and digital asset adoption. To address these, the company emphasizes the importance of familiar business structures, clear industry terminology, and user-friendly interfaces. Dick explains, “Our objective is to bridge the gap between traditional investing and digital assets, presenting digital assets in an easily understandable format. We aim to bring the future of investment to your doorstep in a form you can understand.”

Global Reach and Strategic Focus: Upon capitalization, Gleipnir plans to launch regulated investment advisory subsidiaries globally, focusing on portfolios that include digital asset indices.

STO Details:

  • Commencement: 03:00 NZST, 3 September 2024
  • Blockchain: Polygon-based smart contract
  • Minimum Price: $2.00 per tokenized share
  • Capitalization Goal: $15,500,000+ (uncapped offering)
  • Payment Options: USD, USDC, USDT
  • Offering Platform: DS Dashboard accessible at https://app.gleipnirinc.com/auth/login

Guaranteed Token Issuance: Gleipnir guarantees token issuance to the first 2,000 investors who contribute $2,500 or more. Further details are available in the Offering Circular.

Post-STO Trading: In compliance with SEC Regulation S, Gleipnir’s GLAP tokens will be tradable on a compliant decentralized exchange (DS Swap) 12 months following the STO. “Compliance is paramount for us, ensuring a secure and trustworthy investment environment. While the wait may be brief, the rewards will be substantial,” Dick reassures.

Act Promptly: Gleipnir is implementing rolling closings and encourages investors to act swiftly to seize this opportunity. “Opportunities like this are rare, and we invite visionary investors to join us in this exciting venture,” expresses Dick with optimism.

Important Note for U.S. Investors: Due to a delay from the SEC concerning the Regulation A offering for U.S. investors, Gleipnir has paused the Regulation A offering and will proceed exclusively with the Regulation S offering for non-U.S. investors. “While this is not our preferred outcome, it is not unexpected given the SEC’s position on blockchain,” states Dick.

Gleipnir, Inc. stands at the forefront of uniting traditional business structures with innovative blockchain technology, with the mission of simplifying digital asset investments for a diverse range of investors. To learn more, please visit gleipnirinc.com.

SOURCE Gleipnir & PR Newswire

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