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iMining Launches Fractional Staking to Enable Retail Investors to Participate in Ethereum 2.0’s Proof-Of-Stake Mining

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Vancouver, British Columbia–(Newsfile Corp. – April 20, 2021) – iMining Blockchain and Cryptocurrency Inc. (TSXV: IMIN) (the “Company” or “iMining”) is excited to announce that its wholly-owned subsidiary, CanETH Staking Services Inc. (“CanETH”), has launched their Fractional Staking Pool product. “This is a huge win, allowing more people to earn returns from Ethereum, as investors can participate with as little as 1 ETH and earn returns from their investment,” said Robert Eadie, President and CEO of iMining.

This Fractional Staking Pool enables more retail investors to partake in Ethereum 2.0 staking, opening up the market to those looking to invest smaller amounts with CanETH’s proprietary Staking Services.

“CanETH’s Fractional Staking Pool allows us to assist more ‘everyday’ investors, particularly those who currently aren’t able to invest 32 ETH,” explains Daren Tung, CEO of CanETH. “As the price of Ethereum continues to increase, it is exciting to level out the playing field, and allow more users to stake with us and benefit from the growth in Ethereum 2.0.”

CanETH has simplified the Fractional Staking Pool process by taking control of the complex technical aspects of the setup and management for its users and ensuring maximum uptime and returns. Participants can join the pool with a minimum of 1 ETH and may earn a return of their investment in the form of staking rewards. To date, ETH 2.0 Staking rewards have been performing at 8% along with a 404% increase in ETH in the last 6 months.

To participate, investors can register at https://caneth.com/stake-with-us

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CanETH’s validators are maintaining 99% efficiency and a 0% slashing rate as a result of their best-in-class technology.

By adding infrastructure and developing the product suite, CanETH continues to give more users access, allowing them to benefit from the growth and returns in Ethereum 2.0. CanETH’s Platform 2.0 is due to be released in Q2, with more upcoming and exciting developments to make ETH staking easier for all investors.

ON BEHALF OF THE BOARD

iMining Blockchain and Cryptocurrency Inc.
Signed “Robert Eadie”

Robert Eadie, President & Chief Executive Officer

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FOR FURTHER INFORMATION, or to arrange an interview with any of our team, please contact:

CanETH Press:
Rinn Maximus, Publicist, CanETH Staking Services
Email: [email protected]

iMining Corporate Offices:
Robert Eadie, Chief Executive Officer and Director, iMining
Email: [email protected]
Telephone: 1-604-602-4935 ♦ Facsimile: 1-604-602-4936

CanETH Staking Services:
Daren Tung, CEO, CanETH Staking Services
Email: [email protected]

About iMining Blockchain and Cryptocurrency

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iMining is a growth oriented, TSXV listed company, focused on linking traditional capital markets with blockchain investment opportunities. Through its wholly owned subsidiary, the Company provides retail and institutional investors a safe and secure way to stake Ethereum 2.0 using proprietary and secure proof of stake methods. We are driven by our core values to operate with transparency, efficiency and sustainability as we work toward building long-term shareholder value.

About CanETH Staking Services Inc.

A subsidiary of iMining Blockchain and Cryptocurrency Inc., CanETH has become one of the first publicly listed Ethereum 2.0 Staking Service in North America. We offer a simplified staking solution for Ethereum 2.0, providing clients with the services to participate and retain a yield in the ETH 2.0 Proof-of-Stake movement with as little as 1 ETH and without actively validating.

By incorporating a proprietary, best-in-class staking process, CanETH ensures robust security, reliability and scalability; while removing the technical complexity of deploying and managing validators. Our validators have maintained 99% efficiency and 0% slashing as a result of our extensive R&D.

Please visit www.caneth.com or email at [email protected].

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80881

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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Blockchain

This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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