Blockchain
Hut 8 Provides AGM Update and Advances its Commitment to Board Diversity, with Appointment of Alexia Hefti to the Board of Directors
Hut 8 Mining Corp. (TSX: HUT) (“Hut 8” or the “Company”) announces that its annual general and special meeting of shareholders (the “Meeting”) will be held on June 23, 2021. Further details of the Meeting, which will be held virtually via live video webcast, will be included in a management information circular expected to be mailed the week of May 24.
Following the announcement of its intention to seek a NASDAQ listing, the Board of Directors of Hut 8 (the “Board”) has reaffirmed its commitment to diversity and inclusion with the appointment of Alexia Hefti, Esq. to the Company’s Board.
Ms. Hefti, CEO of eGovern.com, is a Canadian-Swiss entrepreneur and lawyer qualified to practice law in New York. An early leader in the global blockchain and crypto industry, Alexia co-founded Deloitte’s blockchain tax practice in Canada and Dubai and has significant experience advising national governments, regulators and multilateral finance development institutions in the Middle East, Caribbean and the United Nations. Currently, her work focuses on advising national governments on how to prepare for, design and implement blockchain-enabled government services to increase citizen engagement and democratic governance, essential counsel to the future of the industry.
“The Board and Executive team are delighted to welcome Alexia to Hut 8. A driving force in this industry in Canada, she is a young leader that stands out for her skill, professionalism, and experience,” said Jaime Leverton CEO of Hut 8. “Together our Company and the Board have expressed a long-term commitment to advancing diversity and our ESG aligned priorities. Alexia’s experience and appointment will enable us to continue to advance our objectives of strengthening diverse perspectives and leadership across our Board.”
The Board has also accepted the resignations of Mr. Sanjiv Samant and Mr. Chris Eldredge as directors of the Company. The Company thanks Mr. Samant and Mr. Eldredge for their service to the Board.
With the appointment of Ms. Hefti, the Company’s Board is comprised of a majority of independent directors consisting of Mr. Joseph Flinn, Mr. Bill Tai (Chairman), and Ms. Hefti. Mr. Jeremy Sewell will continue to serve as BitFury Holdings’ nominee pursuant to the existing Investor Rights Agreement, and Hut 8’s CEO, Jaime Leverton will continue in her role on the Board.
At the Meeting, Mr. Flinn, Mr. Tai, Ms. Hefti, Mr. Sewell and Ms. Leverton will be put forward as nominees for election to the Board by the shareholders to serve as directors of Hut 8 following the Meeting.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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