Cryptocurrency – Global Business Magazine https://thegbm.com Business news, opinion, reviews, interviews Fri, 27 Sep 2024 09:16:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://thegbm.com/wp-content/uploads/2021/07/Bizmag-logo.png Cryptocurrency – Global Business Magazine https://thegbm.com 32 32 195744517 SEC’s Gensler Won’t Reveal His View on Trump’s Bitcoin Reserve, Reiterates Bitcoin Isn’t a Security https://thegbm.com/secs-gensler-wont-reveal-his-view-on-trumps-bitcoin-reserve-reiterates-bitcoin-isnt-a-security/ Fri, 27 Sep 2024 09:16:09 +0000 https://thegbm.com/secs-gensler-wont-reveal-his-view-on-trumps-bitcoin-reserve-reiterates-bitcoin-isnt-a-security

Gensler was responding to CNBC’s question on whether the SEC chair was “warming up to top-tier crypto?”

U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his stance that bitcoin (BTC) is “not a security” but doubled down on his stated position that regulatory clarity exists for the crypto space in an interview with CNBC on Thursday.

“As it relates to bitcoin, my predecessor and I have said, that’s not a security,” Gensler said. “You now have a way that you can actually express that view — buy into that through exchange-traded products.” Such products were approved by the SEC in January, marking a monumental shift in the agency’s approach to the crypto space.

Gensler was responding to CNBC’s Joe Kernen asking whether the SEC chair was “warming up to top-tier crypto?”

“Where are you on what’s called altcoins, there’s 15 or 20 thousand of them. Where are you Joe?” Gensler asked.

Gensler refused to reveal a position on what he thought about Donald Trump’s idea “to keep the current government holdings “as the core of the strategic national bitcoin stockpile.”

“I have a view but given my role and also we are in election season so for the listening public I will stick to my chalk lines which are securities markets and chairman Powell and others can speak to that.”

Apart from bitcoin, Gensler has maintained that the vast majority of other tokens fit the legal definition of securities that are rightfully under the SEC’s jurisdiction. This position remains despite industry push back, lawsuits against the SEC and a recent hammering the SEC got for two hours during a congressional hearing titled “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Asset.”

Asked by CNBC if the SEC had been regulating by litigation, Gensler once again argued that current laws give his agency the power to oversee the crypto space.

“Not liking the rules is not the same as that there aren’t rules.”

Gensler also said that he didn’t know where bitcoin will be in 20 years but that that he felt “the field is going to have a challenge building trust” which it is “already” when “there’s so many fraudsters, scammers.”

“Look at the leading lights in this field, in the crypto field just two years ago. A number of them are in jail right now, and I’m not just talking about SBF… there’s been tens of billions of dollars of losses and bankruptcies and so forth,” Gensler said on Thursday. “What innovative field in America survives without having building trust in that field and protecting investors or consumers?”

Binance founder Chang Peng “CZ” Zhao, who is currently serving a four-month prison sentence, will be a free man by the end of this week.

Source: Crypto Insider

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Crypto Inspired by ‘Moo Deng’ Zooms to $100M as Hippo Meme Takes Over Internet https://thegbm.com/crypto-inspired-by-moo-deng-zooms-to-100m-as-hippo-meme-takes-over-internet/ Thu, 26 Sep 2024 09:30:14 +0000 https://thegbm.com/crypto-inspired-by-moo-deng-zooms-to-100m-as-hippo-meme-takes-over-internet

Holder count has zoomed to 12,400 unique wallets with over $48.5 million in volume traded over the last 24 hours, a fan page for the token said Wednesday.

Moo Deng, a newborn Thai hippo at the Khao Kheow Open Zoo in Bangkok, has captured the hearts of many online through her cute antics. Now, she’s the star of a $100 million memecoin.

The Solana token crossed the milestone capitalization earlier Thursday, becoming one of the few to reach that level from zero in recent months, CoinMarketCap data shows.

It’s also the first Thai-themed token to hit that market cap, though it’s not a Thai project per se, according to Udomsak Rakwongwan, a professor at Kasetsart University and co-founder of decentralized exchange FWX.Finance.

“There used to be other memes in Thailand, but they were not so successful because they began in Thailand,” he said. “There was a token about ex-junta prime minister. It went quite viral, but the price and market caps didn’t go anywhere.”

“Moodeng is a little different,” because the hippo has been on major global media and appeals to a global audience rather than a token about a politician that only Thais would know.

Holder count has zoomed to 12,400 unique wallets, with over $48.5 million in volume traded over the last 24 hours, a fan page for the token said Wednesday.

One trader made millions from the hippo heartthrob, with on-chain data from Lookonchain showing a wallet that turned $1,331 into $3.4 million by correctly timing the market.

Moo Deng – which means bouncy pork in Thai – was born in July and became a popular Internet meme earlier this month after images of her went viral online. She has two siblings, brother Moo Toon (stewed pork) and sister Moo Waan (sweet pork). They also birthed tokens on Solana and other networks, but failed to catch the traction that Moo Deng did.

Companies including Dreamworks and UFC are using Moo Deng’s popularity to produce memes based on the hippo, a shift away from the usual cats or dogs.

The Bangkok zoo is reportedly working on copyrighting and trademarking “Moo Deng the hippo” for fundraising purposes. So far, it hasn’t acknowledged the memecoin or any crypto-related Moo Deng imagery.

Meanwhile, some see the token as a fresh, engaging memecoin with genuine appeal due to its cute and interesting theme.

“I believe Moodeng is EXACTLY what meme coins should be like,” X user and crypto trader @0xuberM said. “Something genuinely cute/interesting with crazy normie appeal that will capture enough attention over a sustained period of time to guarantee PVE expansion where everyone eats.”

Source: Crypto Insider

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CRWD FINAL DEADLINE: ROSEN, A LEADING LAW FIRM, Encourages CrowdStrike Holdings, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important September 30 Deadline in Securities Class Action – CRWD https://thegbm.com/crwd-final-deadline-rosen-a-leading-law-firm-encourages-crowdstrike-holdings-inc-investors-with-losses-in-excess-of-100k-to-secure-counsel-before-important-september-30-deadline-in-securities-c/ Wed, 25 Sep 2024 18:22:00 +0000 https://thegbm.com/crwd-final-deadline-rosen-a-leading-law-firm-encourages-crowdstrike-holdings-inc-investors-with-losses-in-excess-of-100k-to-secure-counsel-before-important-september-30-deadline-in-securities-c NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A common stock of CrowdStrike Holdings, Inc. (NASDAQ: CRWD) between November 29, 2023 and July 29, 2024, both dates inclusive (the “Class Period”), of the important September 30, 2024 lead plaintiff deadline.

SO WHAT: If you purchased CrowdStrike Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the CrowdStrike class action, go to https://rosenlegal.com/submit-form/?case_id=27534 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 30, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit,  throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) CrowdStrike had instituted deficient controls in its procedures for updating its Falcon software platform, and was not properly testing updates to Falcon before rolling them out to customers; (2) this inadequate software testing created a substantial risk that an update to Falcon could cause major outages for a significant number of the CrowdStrike’s customers; and (3) such outages could pose, and in fact ultimately created, substantial reputational harm and legal risk to CrowdStrike. As a result of these materially false and misleading statements and omissions, CrowdStrike stock traded at artificially high prices during the Class Period. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the CrowdStrike class action, go to https://rosenlegal.com/submit-form/?case_id=27534 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        case@rosenlegal.com
        www.rosenlegal.com

Source: Crypto Insider

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Bitcoin Needs to Top $65.2K to Break Downtrend: Bitfinex https://thegbm.com/bitcoin-needs-to-top-65-2k-to-break-downtrend-bitfinex/ Tue, 24 Sep 2024 09:04:15 +0000 https://thegbm.com/bitcoin-needs-to-top-65-2k-to-break-downtrend-bitfinex

A move above the August high of $65,200 will invalidate the bearish lower highs pattern, analyst at Bitfinex said.

Bitcoin (BTC), the leading cryptocurrency by market value, has rallied 16% since testing lows under $54,000 early this month. A bullish revival, however, is not yet confirmed, according to analysts at cryptocurrency exchange Bitfinex.

In a note shared with CoinDesk Tuesday, analysts said the cryptocurrency needs to smash the August high of $65,200 to confirm the end of a prolonged downtrend, characterized by lower price highs since March.

“BTC is now within touching distance of the Aug. 25 top of $65,200. The reason this level is important is because since the all-time high of $73,666 was reached on March 14th, BTC has still not managed to eclipse a single high before a local/new bottom was formed. This qualifies for the technical definition of a downtrend,” analysts said, explaining why $65,200 is the level to beat for the bulls.

The record high of over $73,000 reached on March 14, followed by the March 20 high of $60,780 and the subsequent lower highs and lower lows are represented by the falling trendline on the chart above.

“This implies that the August 25th local high at $65,200 before our September 6th local bottom holds a lot of significance from a higher time frame perspective,” analysts at Bitfinex noted.

In other words, a convincing move above the August high would confirm the end of the interim downtrend and a resumption of the broader uptrend from the October 2023 lows under $30,000.

The recent Fed rate cut, large stimulus announcement by China and the return of risk appetite to broader financial markets favor a move above $65,200.

One reason to be cautious is the flattening of the cumulative volume delta indicator since prices rose past $63,500 over the weekend, per data tracked by Coinalyze. It’s a sign of a slowdown in the spot market buying. The global cumulative volume delta indicator measures the difference between buying and selling volumes across centralized cryptocurrency exchanges over time.

“It is now entirely possible that the price could form a new range near current prices and consolidate for a period, as we have seen following similar previous price rallies which have been initially prompted by spot buying, but then is followed by perpetual and futures markets activity. Another cause for caution is that spot market buying has slowed. This is evident in the Figure below where we can see the spot cumulative volume delta indicator flattening out once the price moved past $63,500,” analysts told CoinDesk.

Source: Crypto Insider

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Jellystone Park Celebrates National Dog Week with New Pet Amenities, Activities and Accommodations https://thegbm.com/jellystone-park-celebrates-national-dog-week-with-new-pet-amenities-activities-and-accommodations/ Mon, 23 Sep 2024 18:17:00 +0000 https://thegbm.com/jellystone-park-celebrates-national-dog-week-with-new-pet-amenities-activities-and-accommodations SOUTHFIELD, Mich., Sept. 23, 2024 (GLOBE NEWSWIRE) — As Americans celebrate National Dog Week September 22-28, Yogi Bear’s Jellystone Park Camp-Resorts nationwide are making sure that furry family members get to enjoy the great outdoors too. All Jellystone Park locations welcome dogs with many adding new pet-oriented amenities, activities, and accommodation options.

Jellystone Park_Kids_Yogi_Dog

Jellystone Park locations are renowned for their attractions such as pools, water slides, mini golf, jumping pillows, non-stop family activities, up-close fun with the Yogi Bear characters, and glamping-style accommodations. With more than 75 franchised locations in the U.S. and Canada, Yogi Bear’s Jellystone Park Camp-Resorts operates in partnership with Warner Bros. Discovery Global Experiences.

“The decision on where to travel, whether for a weekend getaway or a longer vacation, increasingly is determined by a destination’s pet policies and amenities,” said Trent Hershenson, vice president of marketing. “Jellystone Park goes above and beyond to make sure families and their pets always have a fun, memorable stay.”

Compared to staying in a hotel room or a vacation home, a Jellystone Park visit provides non-stop entertainment opportunities for the entire family, four-footed ones included.

  • All locations welcome pets; RV sites are always pet friendly and many Camp-Resorts offer pet-friendly cabins.
  • Jellystone Park locations have areas set aside for dogs; many offer fenced dog parks with obstacles and activities for pets and their owners. The Akron-Canton (Ohio) location just opened a new dog splash park.
  • Some locations feature cabins and RV sites with attached fenced “doggy dens.”
  • Dog-themed activities, such as Yappy Hours for pets and guests to meet up, and dog-themed weekends are offered at some locations.
  • Camp stores sell pet products with some stocking Yogi Bear squeaker toys. Even “barkcuterie boards” can be ordered just for pups at some locations. Depending upon the resort, “pup cups” and freshly baked dog treats are available at food service sites.

Many families will be celebrating Halloween at a Jellystone Park Camp-Resort with their pets. Costume contests for both kids and pets are among the typical weekend activities.

“Leaving pets behind is very stressful, especially for young children,” Hershenson said. “What’s more, boarding is a hassle and expensive. While hotels usually charge high fees for pets, most Jellystone Park locations welcome pets at little or no extra cost.”

Jellystone Park is all about creating lasting memories, which these days often include family members with paws. Visit www.jellystonepark.com to find the nearest Jellystone Park location and to make a reservation for a fall family camping, glamping or RV trip that include yours.

About Yogi Bear’s Jellystone Park™ Camp-Resorts
With more than 75 locations across the United States and Canada, Yogi Bear’s Jellystone Park Camp-Resorts feature fun attractions such as pools and water slides, non-stop family activities, up-close fun with Yogi Bear characters, and glamping-style accommodations. For more information please visit www.jellystonepark.com. For information on franchising opportunities, please visit www.jellystonefranchise.com.

About Warner Bros. Discovery Global Experiences
Warner Bros. Discovery Global Experiences (WBDGE) is a worldwide leader in the creation, development, licensing and operating of location-based entertainment based on the biggest franchises, stories, and characters from Warner Bros.’ world-renowned film, television, animation, and games studios, HBO, Discovery, Cartoon Network and more. WBDGE is home to the groundbreaking locations of The Wizarding World of Harry Potter at Universal theme parks around the world, award-winning Warner Bros. Studio Tour locations in London, Hollywood, and Tokyo, the iconic Harry Potter New York flagship store, Warner Bros. World Abu Dhabi, The WB Abu Dhabi, The FRIENDS Experience, The Game of Thrones Studio Tour and countless other experiences inspired by Harry Potter, DC, Looney Tunes, Scooby-Doo, Game of Thrones, FRIENDS and more. WBDGE is part of Warner Bros. Discovery’s Revenue & Strategy division.

YOGI BEAR and all related characters and elements © & ™ Hanna-Barbera (s24)

Contacts:
Yogi Bear’s Jellystone Park Camp-Resorts
Ritter Communications, Brad Ritter
BRitter@bradritter.com
740.815.1892

Warner Bros. Discovery Global Experiences
Lindsay Kiesel
Lindsay.Kiesel@wbd.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/66f4b0dd-1606-49d4-9c78-30f6352a3e6d

Source: Crypto Insider

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ROSEN, A TOP RANKED LAW FIRM, Encourages NANO Nuclear Energy, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – NNE https://thegbm.com/rosen-a-top-ranked-law-firm-encourages-nano-nuclear-energy-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-nne/ Sun, 22 Sep 2024 16:56:00 +0000 https://thegbm.com/rosen-a-top-ranked-law-firm-encourages-nano-nuclear-energy-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-nne NEW YORK, Sept. 22, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of NANO Nuclear Energy, Inc. (NASDAQ: NNE) between May 8, 2024 and July 18, 2024, both dates inclusive (the “Class Period”), of the important October 8, 2024 lead plaintiff deadline.

SO WHAT: If you purchased NNE securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the NNE class action, go to https://rosenlegal.com/submit-form/?case_id=27880 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 8, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) NNE’s purported progress toward regulatory approval for the design of its planned micro reactors and fuel fabrication plant was nonexistent; (2) NNE’s timelines for commercialization were wildly optimistic, at best, and most likely impossible; (3) the foregoing issues were likely to have a material negative impact on NNE’s projected revenues and growth; (4) as a result, NNE’s financial position and/or prospects were overstated; and (5) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the NNE class action, go to https://rosenlegal.com/submit-form/?case_id=27880 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————-

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        case@rosenlegal.com
        www.rosenlegal.com

Source: Crypto Insider

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Bitcoin Nears $64K as BTC Futures Attract Billions; BoJ’s Hike Pause Bumps Risk Assets https://thegbm.com/bitcoin-nears-64k-as-btc-futures-attract-billions-bojs-hike-pause-bumps-risk-assets/ Fri, 20 Sep 2024 09:36:37 +0000 https://thegbm.com/bitcoin-nears-64k-as-btc-futures-attract-billions-bojs-hike-pause-bumps-risk-assets

The Bank of Japan won’t rush to repeat hikes of the yen, which triggered a market meltdown in July.

Bitcoin (BTC) extended one-week gains to 10% after a busy few days, including rate cuts by the U.S. Federal Reserve, a pause in cuts by the Bank of England, and a decision to hold rates by the Bank of Japan (BoJ) on Friday.

BTC briefly crossed $64,000 in Asian morning hours Friday, before paring gains, as BoJ kept policy unchanged in a move that avoided a repeat of July’s market meltdown which followed its decision to hike rates.

Traders said macroeconomic data suggests optimism for riskier bets, such as bitcoin, in the coming months. “The US 2Y/10Y treasury spread, an indicator of recession, has been inverted since July 2022 but has recently steepened to +8bps,” QCP Capital traders said in a market broadcast Friday. “This reflects market optimism and a shift towards risk-on assets.”

Short-term debt instruments with higher yields than long-term ones can be a warning sign for risk assets and the economy – as it indicates that monetary and fiscal policies are restrictive and that the economy may contract in the future.

Open interest data fromCoinGlass show a nearly $5 billion jump in bitcoin bets since Tuesday, a sign of new money rapidly entering the market in expectations of volatility ahead. Traders are biased toward longs – or bets on higher prices – a ratio tracking the active buying volume to active selling volume shows.

Crypto markets jumped higher in the past 24 hours, with memes and layer-1 tokens leading gains. Solana’s SOL and ether (ETH) zoomed as much as 7% to lead major gains, while Avalanche’s AVAX, Aptos’ APT, and Immutable’s IMX jumped as much as 12%.

Memecoins led by bonk (BONK) surged as much as 10%, CoinGecko data shows, showing a return of risk-on behavior.

The broad-based CoinDesk 20 (CD20), a liquid fund tracking the largest tokens by market capitalization, rose 3.5%.

Source: Crypto Insider

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Bright Green Corporation Provides an Update, Reinforces Commitment to Shareholders, and Focuses on Growth and Strategic Partnerships https://thegbm.com/bright-green-corporation-provides-an-update-reinforces-commitment-to-shareholders-and-focuses-on-growth-and-strategic-partnerships/ Thu, 19 Sep 2024 17:56:00 +0000 https://thegbm.com/bright-green-corporation-provides-an-update-reinforces-commitment-to-shareholders-and-focuses-on-growth-and-strategic-partnerships GRANTS, NEW MEXICO, Sept. 19, 2024 (GLOBE NEWSWIRE) — Bright Green Corporation (Nasdaq: BGXX) (“Bright Green” or the “Company”), today announced that trading of its shares have been suspended from the Nasdaq Stock Exchange (“Nasdaq”) after Nasdaq cancelled the scheduled September 26, 2024 delist appeal hearing. While this development represents a change in the Company’s public trading status, Bright Green remains committed to pursuing its strategic goals and delivering value to its shareholders.

The Company filed its Proxy Statement and will proceed with its scheduled annual meeting on November 15, 2024, during which shareholders will discuss key issues, including the potential for a reverse stock split aimed at enhancing shareholder value and positioning the Company for future success.

In addition to these efforts, the Company is actively exploring various strategic alternatives to unlock long-term value. These initiatives reflect Bright Green’s commitment to strengthening its financial position and expanding its operational footprint in the market.

“As Chairwoman of the Board, I want to reaffirm our unwavering commitment to the future of Bright Green. We have provided a line of credit to ensure the Company has the necessary financial resources to support its ongoing operations and strategic initiatives and have agreed to provide $2.5 million in funding. This financing provides the Company with the flexibility to navigate the challenges ahead and continue to invest in opportunities that will drive long-term growth. The board and management team remain fully aligned in our efforts to create value for our shareholders as we explore potential strategic alternatives.”

“We remain confident in our vision and strategy for the future of Bright Green, including the success of our EB-5 capital raise program. The EB-5 capital raise program has been faced with challenges with the U.S. government immigration and border control complications and other government related delays in processing.” said Groovy Singh, Chief Executive Officer of the Company. “We continue to focus on achieving licensing approvals and on our vision of enhancing national security interests by growing and producing Schedule I and II plant-based medicines. We are evaluating all options available to us, including strategic partnerships and acquisitions, as we continue to build on our foundation and explore opportunities for sustainable financing and growth.”

Bright Green will provide further updates on these initiatives in due course. The Company encourages all shareholders to attend the upcoming annual meeting, where they will have the opportunity to participate in these important discussions.

ABOUT BRIGHT GREEN CORPORATION

Bright Green is one of the few companies authorized by the US government and the New Mexico Board of Pharmacy to grow, manufacture, and sell, legally under federal and state law, Schedule I and II plant-based drugs for research, pharmaceutical applications, and affiliated export. Bright Green’s approval from the U.S. Drug Enforcement Administration gives them the opportunity to advance their vision of improving quality of life through the opportunities presented by cannabis and other plant based derived therapies and more. To learn more, visit www.brightgreen.us

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management as of such date. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the Company’s control, including but not limited to, receipt of funds under the Company’s credit arrangements, the inability of the Company to raise funds under the Company’s EB-5 program, receipt of approvals related to our regional center, completion of all required EB-5 submissions by proposed EB-5 participants, receipt of funds by EB-5 participants the Company’s annual meeting of stockholders, outcomes related to the Company’s relationships with ACPG and CEADL, receipt of necessary Schedule I and II approvals from the DEA, the status of listing of the Company’s common stock on the Nasdaq. The Company’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in the Company’s most recent Annual Report on Form 10-K, and subsequent Quarterly Reports on Form 10-Q, as each may be amended and supplemented from time to time, as well as other documents that may be filed by the Company from time to time with the SEC. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its views to change. The Company undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release. Additional information regarding these and other factors that could affect the Company’s results is included in the Company’s SEC filings, which may be obtained by visiting the SEC’s website at www.sec.gov.

Media Inquiries & Investor Relations Contact
ir@brightgreen.us

Source: Crypto Insider

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Air Methods’ Mental Health Program Celebrates One Year of Service https://thegbm.com/air-methods-mental-health-program-celebrates-one-year-of-service/ Thu, 19 Sep 2024 17:55:00 +0000 https://thegbm.com/air-methods-mental-health-program-celebrates-one-year-of-service GREENWOOD VILLAGE, CO, Sept. 19, 2024 (GLOBE NEWSWIRE) — Air Methods’ first-ever peer-to-peer support group — the Stress Intervention & Recovery Employee Network (SIREN) — completed its first year of supporting teammates’ mental health and well-being, citing the effectiveness of the program with nearly 300 touchpoints. Launched in September 2023, SIREN was created to ensure all teammates have access to the mental health care they need, both in their professional and personal lives, to navigate the demands of working in critical and often high-pressure environments. 

“While working in the medical industry is very rewarding, it can also be extremely challenging and taxing on individuals, including our teammates,” said Senior Vice President of Clinical Services Dr. Stephanie Queen. “With SIREN, we are providing a space where our teammates and partners can decompress with a peer to lean on or even a shoulder to cry on because we know some days are just too hard and it’s okay to not be okay.”

All SIREN peer support specialists are current Air Methods teammates who have undergone extensive training in active listening and providing support for work-related situations or stressors. They’re also equipped to be able to identify and refer teammates to professional resources, as needed. 

“Following the transport of a sick and labor-intensive trauma patient, my clinical partner and I were going to keep pushing forward to get ready to respond to another call,” said Flight Paramedic Jason Dalal. “Because our pilot was a trained SIREN peer support specialist, he recognized that we were not ready to get back to service. He advised us that he was here as a member of SIREN if we needed to speak to him or that we could also talk to a SIREN member who was a clinician, who might have more of an understanding of what we were going through.”

SIREN support is available 24/7 to all Air Methods teammates and its partners by phone or text. Privacy is a top priority, and all conversations remain confidential unless there are safety concerns. Those calling or texting the SIREN Hotline are immediately connected to an on-call peer specialist who can provide immediate support or connect the requestor to other available resources. 

“I’ve leaned on SIREN twice. The first call, I was seeking guidance in my personal life and the second call was for work, where a neonatal patient coded,” said Clinical Base Lead and Flight Nurse Tara Trottier. “That was a tough call to endure. The ground ambulance team was just as shaken as our flight team. I called SIREN to help our partners, who don’t have these mental health resources readily available to them like Air Methods’ teammates do. SIREN was a blessing to have as a resource not only for our partners but also for me. Just having the hotline with someone on the other line to say ‘Your feelings are validated, and I have your back,’ is enough to know I’m okay, and it’s okay to not be okay.”

Since its inception, the peer support team has facilitated more than 260 touchpoints, including calls, emails, texts, and in-person check-ins. The support group began with 30 highly trained peer support specialists. Given its success and to broaden the impact of help, SIREN is increasing to 45 peer specialists this year. SIREN peer support specialists are available across every discipline in the company allowing for those leaning on SIREN to request a peer in their field. 

“SIREN has been an amazing addition to our company. I originally didn’t know what SIREN was capable of until I utilized them,” said Dalal. “I have encouraged other crew members to reach out to SIREN after certain calls, errors, and incidents as their compassion and support are not something I’ve experienced in any other company.”

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About Air Methods
Air Methods (airmethods.com) is the nation’s leading air medical service delivering lifesaving care to more than 100,000 people every year. With nearly 45 years of experience, Air Methods is the preferred partner for hospitals and one of the largest community-based providers of air medical services. Air Methods Ascend is the company’s clinical education program, allowing critical care nurses and paramedics best-in-class training opportunities using high-fidelity mannequins, virtual reality, and cadaver labs.

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Source: Crypto Insider

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Premier Diversified Holdings Inc. Announces Closing of Reverse Takeover Transaction https://thegbm.com/premier-diversified-holdings-inc-announces-closing-of-reverse-takeover-transaction/ Wed, 18 Sep 2024 17:55:00 +0000 https://thegbm.com/premier-diversified-holdings-inc-announces-closing-of-reverse-takeover-transaction Not for dissemination in the United States of America

VANCOUVER, British Columbia, Sept. 18, 2024 (GLOBE NEWSWIRE) — Premier Diversified Holdings Inc. (“PDH” or the “Company”) (TSXV:PDH) announces that, following receipt of requisite shareholder approval, it has completed the acquisitions (the “Transaction“) of AJA Health and Wellness Ltd. (“AJA Health“), AJA Therapeutics Inc. (“ATI“), and Assured Diagnosis Inc. (“ADI“). In connection with the Transaction (i) AJA Health amalgamated with a wholly-owned subsidiary of the Company, 2564858 Alberta Inc. (“Subco 1“), pursuant to the terms of an amalgamation agreement dated June 3, 2024, resulting in an amalgamated Alberta corporation (“Amalco 1“), which is a wholly-owned subsidiary of the Company; (ii) ADI amalgamated with a wholly-owned subsidiary of the Company, 2564891 Alberta Inc. (“Subco 2“), pursuant to the terms of an amalgamation agreement dated June 3, 2024, resulting in an amalgamated Alberta corporation (“Amalco 2“), which is a wholly-owned subsidiary of the Company; and (iii) the Company purchased 1,500,000 shares in the capital of ATI from James Viccars, Elizabeth Bryant Viccars and Deluxe Holdings Inc., pursuant to a share purchase agreement dated June 3, 2024, resulting in ATI being a subsidiary owned by the Company and Amalco 1. Following the completion of the Transaction, the Company anticipates continuing from British Columbia to Alberta under a new name, “AJA Health and Wellness Inc.”, as soon as practicable. The Transaction constitutes a reverse take-over of the Company pursuant to the polices of the TSX Venture Exchange (the “Exchange“). The Common Shares of the Company are expected to recommence trading on the Exchange at the opening of the markets on September 24, 2024 under the new ticker symbol “AJA”, subject to final acceptance of the transaction and the issuance of a bulletin by the Exchange.

Sanjeev Parsad, President, CEO and Director of the Company, commented: “I would like to thank the management and board of directors of PDH, AJA Health, ATI and ADI for their hard work since announcing the Transaction last year. It has been an enormous endeavor to finally move forward for these companies and begin to create long-term value for all shareholders. Additional thanks to Maria Nathanail and her team at McLeod Law LLP to ensure all moving parts were aligned and bring the transaction to completion. We will have more information for shareholders in October on the future of the Company.”

Transaction

Following completion of the Transaction, combined with the Company’s existing securities, the Company has 86,687,742 common shares issued and outstanding.

Board of Directors and Management

Following completion of the Transaction, the Board of Directors of the Company has been reconstituted to consist of G. Andrew Cooke, Alnesh Mohan, Sanjeev Parsad, Dr. Simon Sutcliffe, Eric Tsung, James Viccars, and Elizabeth Bryant Viccars. Management of the Company will consist of Sanjeev Parsad as President and Chief Executive Officer, Alnesh Mohan as Chief Financial Officer, and Maria Nathanail as Corporate Secretary.

Business

Following completion of the Transaction, the Company will be engaged in the current business of AJA Health, operating a telemedicine platform and full-service travel clinics, the current business of ADI, offering health insurance options and employee benefit packages, and the current business of ATI, offering natural skin care and pain relief products.

Information Circular

The Company has filed an Information Circular relating to the Transaction, dated August 14, 2024, on SEDAR+ at www.sedarplus.com on August 16, 2024 (the “Information Circular“). Readers are encouraged to review the Information Circular, which provides detailed information about the Transaction and the business of the Company. Trading in the common shares of the Company is currently halted pending completion of customary final filings with the Exchange in respect of the Transaction.

On behalf of the Board of Directors

“Sanjeev Parsad”

Sanjeev Parsad
President, CEO and Director

Neither 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.

Cautionary Note Regarding Forward Looking 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, and include, without limitation, statements regarding the anticipated date that the Company’s common shares will recommence trading on the Exchange and the final approval of the Exchange to the Transaction. 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 as the Company not obtaining final Exchange acceptance. 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.

For further information, contact:

Sanjeev Parsad, President and CEO
Phone: (604) 678.9115
Fax: (604) 678.9279
E-mail: sparsad@pdh-inc.com
Web: www.pdh-inc.com

Source: Crypto Insider

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