Blockchain
Vinergy Capital Provides Corporate Update
Vancouver, British Columbia–(Newsfile Corp. – August 23, 2021) – Vinergy Cannabis Capital Inc. (CSE: VIN) (OTCQB: VNNYF) (FSE: 1V70) (“Vinergy” or the “Company”) is pleased to provide a corporate update to its shareholders.
Key highlights:
- Viinergy has made an investment in the crypto & blockchain space of $500,000 in Bitcoin Well Inc.(TSXV:BTCW) comprised of 2M Shares and 1M warrants
- Vinergy made a strategic investment of $482,400 in Nurosene Health Inc. (CSE: MEND) comprised of 536,000 common shares
- Vinergy has invested $275,000 in Rockshield Capital Corp. (CSE-RKS) comprised of 500,000 common shares
Interim CEO, Alnoor Nathoo, commented “. . . over the past few months we have been busy creating shareholder value with our new mandate focusing on opportunities primarily in the Crypto space, DeFi solutions as well as special opportunities. I am pleased with the progress we have made growing our portfolio. We look forward to continue to provide our shareholders access to unique investment opportunities in an effort to create additional value through our deep-rooted networks.”
Vinergy subscribed for 2,000,000 Units of Bitcoin Well Inc. for $500,000. Each Unit is comprised of one common share and one-half warrant. Each full warrant is exercisable at $0.375 until June 10, 2023. Vinergy subscribed for 536,000 common shares of Nurosene Health Inc pursuant to Nurosene Health Inc.’s Initial Public Offering at $0.90 per share for a total of $$482,400. Finally, Vinergy purchased 500,000 common shares of Rockshield Capital Corp.at $0.55 per share for $275,000.
More information on each of the investments can be found at respective websites of each of:
Bitcoin Well Inc. www.bitcoinwell.com
Nurosene Health Inc. www.nurosene.com
Rockshield Capital Corp. www.rockshield.ca
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Vinergy Capital Inc.
Arif Merali, Director
Email: [email protected]
Forward Looking Information and Additional Cautionary Statements
This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: fluctuations in the trading price of investee companies; economic changes impacting the investments generally or the blockchain industry and other targeted industry areas specifically; availability of capital for continued investment; rates of recovery for investments; prices at which the securities of an investee entity ultimately are sold; and operations of the third party investee entities. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. There can be no guarantee that the Company will be able to sell its investments for a profit or at all.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94051
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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