Blockchain
iMining Technologies Supports Glenrose Rehabilitation Hospital Foundation Launch Its First Ever NFT Project at the Shining A Light Event and in the Metaverse
Vancouver, British Columbia–(Newsfile Corp. – June 16, 2022) – iMining Technologies Inc. (TSXV: IMIN) (the “Company” or “iMining”) is pleased to announce that its wholly-owned subsidiary, Metaverse Advisory Group (“MAG”) has worked alongside Glenrose Rehabilitation Hospital Foundation (“Glenrose Foundation”) to launch Glenrose Foundation’s first ever NFT project as part of the Shining A Light event. This one-of-a-kind event will feature art and light installations that highlight the many dimensions of rehabilitation and will be showcased on June 16th, 2022 to June 19th, 2022 in Edmonton, Alberta at the EPCOR Tower.
During this event, various artwork and light installations will be on display. One of the most unique pieces on display is called “Brain Storming”. Brain Storming is a beautiful art piece, created by Olivia, a 13-year-old patient at the Glenrose Hospital. Olivia created this art using the Brain Computer Interface (“BCI”) technology. BCI allows Olivia and other young patients at the Glenrose Hospital the opportunity to express themselves using only their minds.
BCI works by interpreting brain signals and turning them into actions. Pediatric patients who have limited mobility or communication challenges can use BCI to interact with their environments, including playing video games, driving a remote-controlled car or creating art.
Olivia and her family have generously gifted Brain Storming, an invaluable piece of art, to the Glenrose Foundation so it can be converted into a Non-Fungible-Token (“NFT”) by iMining. The artwork will be used for auction purposes to assist the Glenrose Foundation in raising the required funds so the foundation may continue to push boundaries and explore innovative ways to assist patients with mobility and communication challenges.
“We’re excited to demonstrate the potential of BCI and other technologies to help reimagine human ability. With iMining’s support, people around the world have the opportunity to view and purchase Olivia’s artwork,” says Mark Korthuis, President and CEO of the Glenrose Foundation.
Metaverse Advisory Group, a fully owned subsidiary of iMining, has been instrumental in strategizing on how the art work may be converted into an NFT. The NFT has been minted and is on showcase at the Glenrose Foundation’s NFT Gallery in the Decentraland Metaverse (parcel number -43, -97) and is also displayed on Opensea at the following address:
“Non-fungible tokens help to corroborate the ownership of a unique image through the deployment of information on the blockchain. At the same time, the NFT market offers some of the best conditions for the sale and purchase of digital art today. The loss of hope is a path to nowhere. It is a pleasure and an honour to support Glenrose in this one-of-a-kind NFT project, which has become for many patients the hope for a joyful future” said Mr. Shroff the Chairman and CEO of iMining.
iMining and Glenrose Foundation continue to work closely together to create innovative opportunities to raise funds, to promote artists of the future and to find innovative ways of how technology may be used to assist patients with mobility and communication challenges.
For any questions, please contact [email protected]
About the Glenrose Foundation
The Glenrose Foundation is the largest free-standing, comprehensive tertiary rehabilitation hospital in Canada, serving patients of all ages who require complex rehabilitation to enable them to participate in life to the fullest.
The Glenrose Foundation provides innovative equipment, programs and technology to help patients at the Glenrose Rehabilitation Hospital recover, relearn life skills and rediscover their full potential. They work with the Glenrose Rehabilitation Hospital to identify what patients and staff need to enhance the rehabilitation journey through equipment, technology and research priorities. With almost 80,000 patient visits each year, the Glenrose Rehabilitation Hospital is the largest tertiary rehabilitation hospital in Canada.
For more information on the Glenrose Foundation, visit www.glenrosefoundation.com
About Shining a Light event:
The Shining a Light event takes place June 16-19 at EPCOR Tower in downtown Edmonton. Featuring captivating art and light installations, the event focuses on the impact of technology on rehabilitation.
More information can be found at https://shiningalight.ca/
About Metaverse Advisory Group Inc.
Metaverse Advisory Group is a virtual NFT based real estate company that develops and manages a portfolio of Virtual properties in major blockchain-based Metaverses including Decentraland and The Sandbox. It operates unique services including virtual property development, property management, and assisting companies with future of work, virtual events and meetings, marketing and advertising in the Metaverse.
About iMining Technologies Inc.
iMining is a publicly listed Web3.0 technology company developing technology for Crypto Mining, Decentralized Finance (“DeFi”) and Non-Fungible Tokens (“NFT”). iMining also owns BitBit Financial Inc., an ATM Network and crypto OTC Trading Platform for individual and institutions.
iMining investments are directly linked to the Bitcoin Mining, Crypto Trading, Decentralized Finance (“DeFI”) and Metaverse Non-Fungible Tokens (“NFTs”). With diverse blockchain investment and infrastructure solutions, iMining looks to be a leader in accelerating the growth of Web3.0 for the enterprise market. The Company’s operations include secure and sustainable cryptocurrency payments, staking, mining and digital asset investment designed for the scale and compliance requirements of institutional clients. iMining is committed to building strong global blockchain ecosystems and supporting inclusive access to digital tools and technologies.
ON BEHALF OF THE BOARD
Signed “Khurram Shroff“
Khurram Shroff, President & CEO
FOR FURTHER INFORMATION, please contact:
iMining Corporate Offices:
Saleem Moosa, Director
Email: [email protected]
Telephone: +1 (844) IMININC (464-6462)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management’s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128095
Leading up to Friday’s Bitcoin (BTC) halving, investors opted to remain on the sidelines rather than increase their exposure to cryptocurrencies. CoinShares’ latest report on digital asset fund flows reveals that crypto funds experienced $206 million in outflows last week, while trading volumes for Exchange-Traded Products (ETPs) dropped to $18 billion.
James Butterfill, head of research at CoinShares, noted, “These volumes represent a lower percentage of total Bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago.” He attributed this decline in investor appetite to expectations that the Federal Reserve would maintain interest rates at elevated levels for a longer duration.
In terms of regional flows, the United States led the outflows with $244 million exiting incumbent ETFs by the week ending April 19. Butterfill highlighted that newly issued ETFs still received inflows, albeit at lower levels compared to previous weeks. Germany and Sweden saw outflows of $8.3 million and $6.7 million, respectively, while Canada experienced inflows of $29.9 million. Switzerland, Brazil, and Australia also witnessed inflows of $7.8 million, $5.5 million, and $2.2 million, respectively.
Butterfill observed that although Bitcoin saw outflows of $192 million, there were minimal flows into short-Bitcoin positions. Ethereum (ETH) experienced outflows of $34 million for the sixth consecutive week. However, multi-asset funds saw improved sentiment, attracting $8.6 million in inflows. Additionally, Litecoin (LTC) and Chainlink (LINK) received inflows of $3.2 million and $1.7 million, respectively.
The report highlighted that blockchain equities sustained their 11th consecutive week of outflows, totaling $9 million, as investors remained concerned about the halving’s impact on mining companies.
In a separate analysis of the post-halving crypto mining industry, CoinShares analysts suggested that many miners might transition to serving the artificial intelligence (AI) sector, which has become more lucrative. They anticipated a shift towards AI in energy-secure locations, potentially leading to Bitcoin mining operations relocating to stranded energy sites.
The analysts projected a 10% decline in the Bitcoin network’s hash rate after the halving as miners deactivate unprofitable ASICs. However, they expected the hash rate to reach 700 exahash (EH/s) by 2025. As of the current data, the Bitcoin hash rate stands at 596.22 EH/s.
The report also noted that substantial cost increases are anticipated due to the halving, with electricity and production costs nearly doubling. Mitigation strategies include optimizing energy costs, enhancing mining efficiency, and securing favorable hardware procurement terms. Miners are actively managing financial liabilities, with some utilizing excess cash to significantly reduce debt.
Source: kitco.com
The post Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI appeared first on HIPTHER Alerts.
According to reports, the New York Stock Exchange (NYSE) is exploring the possibility of introducing round-the-clock trading, a model akin to that of cryptocurrency markets. In a bid to gauge market sentiment, NYSE’s data analytics team has circulated a survey among market participants. The survey seeks feedback on whether there is support for 24/7 or extended weekday trading hours and, if so, what measures should be implemented to safeguard traders against overnight price fluctuations. As of now, NYSE, alongside Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday, spanning from 9:30 am to 4:00 pm Eastern Time.
In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and major stock index futures are already tradable 24/7. Certain brokerages, such as Robinhood and Interactive Brokers, provide access to U.S. stocks throughout the week via a “dark pool” trading venue, catering to international retail investors during their local trading hours.
However, recent reports indicated that Robinhood suspended its 24-hour trading services amidst heightened tensions between Israel and Iran, prompting concerns among investors regarding the sustainability of continuous trading.
Effectively managing liquidity in a 24/7 trading environment has proven challenging for trading platforms within the cryptocurrency industry.
According to cryptocurrency research firm Kaiko, there’s often a mismatch between the operating hours of traditional financial institutions and the needs of major crypto traders and market makers. Traders frequently find themselves losing sleep during periods of extreme market volatility.
While the results of NYSE’s survey haven’t been revealed, Tom Hearden, a senior trader at Skylands Capital, conducted his own poll among his 19,300 followers, asking if they would support NYSE transitioning to 24/7 trading hours. Interestingly, over 70% of the 1,459 respondents voted “No.”
NYSE’s survey coincides with the efforts of startup firm 24X National Exchange, which is seeking approval from the Securities and Exchange Commission (SEC) to launch the first exchange in the country operating round-the-clock.
The FT said, citing two persons familiar with the subject, that the SEC has “months” to study the proposed rule change, and other relevant issues, such who should shoulder expenses and the function of clearing houses, are already being considered by other stakeholders.
“How loud they will be playing in the middle of the night is unknown to me. However, the decision of whether something is commercially feasible or not actually shouldn’t be made by the SEC, James Angel, a Georgetown University finance professor, told FT.
“I support letting the market make the decision. We’re all better off if it succeeds, and the exchange’s stockholders lose out if it fails.
After the company withdrew an application in March 2023, alleging operational and technological concerns, it is the second attempt to receive SEC clearance.
Source: cointelegraph.com
The post NYSE gauges interest in 24/7 stock trading like crypto appeared first on HIPTHER Alerts.
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