News Hub | News Direct

All Industries


Article thumbnail News Release

A Call to Action: Revitalizing U.S. Maritime Security for Global Stability and Prosperity

MAR LLC

Rarely is there a day without international shipping in the news. From Yemen's Houthi militants attacking shipping in the Red Sea, maritime food blockades around Ukraine, rising hostilities in the South China Sea, drought reducing traffic through the Panama Canal by almost 50%, global shipping is receiving more attention than ever before. And yet barely four years after the COVID-19 pandemic, supply chain crunch, blockade of the Suez Canal by the containership Ever Given, the vulnerabilities of the maritime transportation system remain and more needs to be done to protect American interests. ZERO POINT FOUR sheds light on the industry in a way that has never been done before. Bold new solutions are called for and revealed from this cutting analysis after years of working on the front lines of the shipping crisis. If you want to get a strong understanding of why the U.S. remains vulnerable to supply chain risks and a shortage of military sealift support, then this book is required reading. After years of extensive research, The Maritime Accelerator for Resilience (MAR) released the findings of its landmark study in a book entitled ZERO POINT FOUR, spearheaded by Rear Admiral James Watson (USCG Ret.) and an esteemed panel of maritime, security, ocean and supply chain experts. This critical analysis delves into the challenges and strategic imperatives facing U.S. maritime security, emphasizing its indispensable role in global commerce, national defense, and international peacekeeping and offering near, medium and long term leadership opportunities to mitigate America’s vulnerabilities. In an era marked by complex global challenges, the U.S. maritime sector's decline to a mere 0.4% of the global oceangoing commercial fleet signifies not just a loss of commercial prominence but also a critical vulnerability in national security and global economic stability. ZERO POINT FOUR offers a stark examination of the consequences of diminished U.S. influence on the seas, from eroding economic competitiveness to heightened risks in global supply chains, energy dependence, and environmental sustainability. The book highlights five key principles around security—national, economic, energy and food, climate, and workforce-- and outlines a visionary framework for action, advocating for strategic investments in maritime infrastructure, technological innovation, and a revitalized maritime workforce. These initiatives aim to restore the U.S. as a global maritime leader, ensuring the safety, efficiency, and sustainability of international shipping lanes crucial for the flow of trade, energy, and resources worldwide. Furthermore, ZERO POINT FOUR calls for enhanced international maritime cooperation to tackle piracy, illegal fishing, and environmental hazards, reinforcing the U.S. commitment to upholding the rule of law on the high seas and fostering a climate of global peace and cooperation. The impetus for the book came from the author’s recognition of the US’s vulnerability in maritime security, and its impact on all aspects of American life. From the post-World War II period when 50% of all oceangoing commercial vessels were under the US flag to today’s 0.4%, an unsustainable shift of power and influence has occurred which needs to be remedied. In addition to Rear Admiral Watson, authors include maritime mavens Carleen Lyden Walker and Captain Anuj Chopra, technology and sustainability economist Nishan Degnarain, cyber security, physical security, and enterprise resilience veteran Rich Mason, and global supply chain specialist Jonothan Kempe. The Maritime Accelerator for Resilience urges all stakeholders — government officials, industry leaders, and the public — to unite behind these proposals. By doing so, the U.S. can secure a future where its maritime domain not only thrives but also serves as a cornerstone for global trade, environmental stewardship, and international peace. ZERO POINT FOUR is available for purchase on Amazon using this LINK. The Maritime Accelerator for Resilience (MAR LLC) is a U.S.-based maritime organization operating as a maritime policy accelerator and is dedicated to propelling the U.S. maritime industry into a new era of innovation, security, and global leadership. Collaborating with influential figures in shipping, ocean policy and innovation, MAR aims to advance policy, technology, and operational strategies that enhance maritime resilience and competitiveness. Our vision is to motivate the U.S. maritime industry to global competitiveness, navigating challenges and embracing opportunities in the next decade. For more details, visit: www.maritimeresilience.org Contact Details MAR LLC Carleen Lyden Walker +1 203-260-0480 carleen.lw@maritimeresilience.org

March 11, 2024 01:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Lithium Australia strikes key partnership with Korean battery recycler

LITHIUM AUSTRALIA LIMITED

Lithium Australia (ASX:LIT) CEO and Managing Director Simon Linge sits down with Proactive’s Elisha Newell to discuss a new deal with Korean partner SungEel HiTech Co. to facilitate mixed metal dust (MMD) sales overseas. A recently inked memorandum of understanding seeks to formalise the relationship between the two entities, paving the way for SungEel to offtake ‘black powder’ — a material-rich recycling byproduct that can be brought back into the battery production chain. Linge says offtake agreements are key to LIT’s recycling mission, with scope for a relationship like this to evolve into a joint development agreement with SungEel down the line. Linge told investors on Thursday: “Signing MMD offtake agreements is critical to Lithium Australia’s strategic roadmap, as it demonstrates the company’s ability to secure additional MMD customers as the collection volumes of LIBs continues to scale.” "The MoU signed with SungEel is very exciting for the growth of the company’s recycling operations. “SungEel is a global leading battery recycler with hydrometallurgical capabilities, which requires MMD as an input material for the extraction of high-purity battery materials,” he concluded. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

March 08, 2024 02:50 PM Eastern Standard Time

Video
Article thumbnail News Release

Magmatic Resources brings Fortescue into the fold at Myall copper-gold play

MAGMATIC RESOURCES LIMITED

Magmatic Resources Ltd (ASX:MAG) managing director Adam McKinnon joins the Proactive studio after the junior explorer secured mining giant Fortescue Ltd (ASX:FMG) as a cornerstone investor. The Andrew Forrest-backed miner snapped up 76 million MAG shares at a 10% premium to net a near-20% interest in the precious and base metal player. In addition to the investment, a Fortescue subsidiary has committed $14 million over the next six years to earn a 75% stake in MAG’s Myall copper-gold project. With a mineral resource already boasting 293,000 tonnes of copper, 237,000 ounces of gold and 2.8 million ounces of silver, McKinnon says Myall has all the hallmarks of a tier-one deposit. “We are excited to joint venture and partner with Fortescue to advance our exploration efforts across the Myall Project area,” Magmatic executive chair David Richardson told shareholders on Friday. “Myall has many of the signatures of a Tier 1 copper-gold deposit and Magmatic has recognised the need to partner with a major to further advance the project following the maiden resource. “Fortescue’s cornerstone investment in MAG will allow the Company to simultaneously advance our other two projects at Wellington North and Parkes which are strategically located near Alkane Resources Boda-Kaiser deposits and Tomingley Gold Operations respectively.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

March 08, 2024 02:45 PM Eastern Standard Time

Video
Article thumbnail News Release

Conflux Network introduces AxHKD, Hong Kong Dollar-Backed Stablecoin

Conflux

Conflux Network, the only regulatory compliant public blockchain in China, today announces its pivotal role in assisting the successful beta-testing of the Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. Built by local fintech company AnchorX, the stablecoin will be launched on Conflux Network initially, followed by Ethereum. Conflux will provide the underlying technology with its superior scalability, security, low latency and cost-effectiveness. With this launch, AnchorX envisions becoming the most trusted provider of digital currency solutions in Asia, empowering reliable and efficient global exchanges. AxHKD, will be launched initially on the Conflux public blockchain, and utilizes world-class distributed ledger technology and robust cybersecurity measures. It ensures a 1:1 peg to the HKD, backed by high-quality liquid asset reserves. These reserves are protected by a segregated trust arrangement and held by regulated financial institutions in Hong Kong. OKLink Trust, a strategic partner of AnchorX, provides the custodian services for the AxHKD issuance. AnchorX targets two primary applications for AxHKD. Firstly, as a catalyst for global payments, AxHKD enhances cross-border transactions between Hong Kong/mainland China and the global market. This is particularly beneficial for Belt and Road partners with less developed banking infrastructures. Secondly, AxHKD acts as a reliable fiat-on-chain instrument for virtual asset trading, paving the way for innovation in Real-World Assets and bridging the gap between traditional and digital assets in Hong Kong. The project is backed by Industry leaders from both the traditional finance and blockchain technology space including Hony Capital, a leading investment management firm in China overseeing over USD 16 billion in assets. The announcement follows the recent initiatives by Hong Kong authorities to propose a regulatory regime for stablecoin issuers. On December 27, 2023, the Financial Services and the Treasury Bureau, in conjunction with the Hong Kong Monetary Authority (“HKMA”), released a Consultation Paper to gather public comments on the proposed legislation to regulate stablecoin issuers. This paper builds on the Discussion Paper released by the HKMA in January 2022 and the subsequent Conclusion Paper in January 2023. Byron Wong, the Chief Compliance Officer at AnchorX, commented on the company’s unwavering commitment to meeting regulatory standards, “Hong Kong has adopted one of the most proactive approaches to stablecoin regulation globally. We want to ensure that AxHKD tightly aligns with the proposed stablecoin standards. We will also explore applying for participation in the upcoming regulatory sandbox and hope to contribute our first-hand practical insights to the formation of a successful stablecoin regulatory regime.” Fan Long, Founder of Conflux, commented “We’re thrilled to partner with AnchorX for the launch of AxHKD on Conflux Network. This collaboration represents a significant milestone in the fusion of traditional finance and the Web3 realm, enhancing the practicality of digital currencies for everyday transactions. AxHKD is poised to play a pivotal role in weaving the Hong Kong Dollar into the fabric of the Web3 ecosystem, driving innovation and financial inclusion.” About Conflux Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies across borders and protocols. It utilizes a hybrid PoW/PoS consensus mechanism to ensure a rapid, secure, and scalable blockchain environment. With Conflux, congestion is eliminated, fees remain low, and network security is enhanced. As the leading regulatory-compliant public blockchain in China, Conflux offers a distinct advantage for projects seeking to enter the Asian market. The platform collaborates with renowned global brands and government entities in the region, driving blockchain and metaverse initiatives. Notable partnerships include the city of Shanghai, China Telecom, Little Red Book (China’s “Instagram”), McDonald’s China, and Oreo. Learn more: https://confluxnetwork.org/ About AnchorX AnchorX is a Hong Kong-based fintech company with a vision to be the most trusted provider of digital solutions in Asia. Learn more: https://www.anchorx.org/ or https://twitter.com/AnchorX_Ltd Contact Details Conflux Melissa Tirey melissa@shift6studios.com

March 08, 2024 02:25 PM Eastern Standard Time

Article thumbnail News Release

Benchmark International Has Successfully Facilitated The Transaction Between EVOS Logistics And Blue Grace Logistics

Benchmark International

Benchmark International is pleased to announce the acquisition of EVOS Logistics, Inc. by Blue Grace Logistics. EVOS Logistics is a web-based software company focused on SaaS solutions that optimize transportation, management, sourcing, and routing for shippers, carriers, third-party logistics, and transportation consultants. EVOS SmartTools™ offerings fill the gap between the customer's needs and the provider's system capabilities. With a commitment to innovation and customer-centricity, EVOS Logistics continually evolves its software solutions to meet the transportation industry's evolving needs. By leveraging data analytics, machine learning, and automation, EVOS Logistics empowers its clients to make informed decisions, optimize their supply chain processes, and drive business growth. BlueGrace® is a superior supply chain management and best-in-class technology partner. They offer the most agile Third-Party Logistics (3PL) strategy and turnkey execution for shippers, allowing BlueGrace® to help solve companies' most significant challenges and improve businesses. "This was a great combination of two fantastic companies already having a longstanding relationship. The acquisition will allow BlueGrace® to remain a best-in-class option for supply management. We were grateful to be a part of the transaction and wish both parties the best of luck with their future endeavors." - Transaction Director Kevin Barrett, Benchmark International Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

March 08, 2024 01:40 PM Eastern Standard Time

Image
Article thumbnail News Release

Stablecoin Studio on Sui, S3, to Give Sui Developers Compliant Payment Processing Stablecoin Applications

Sui

S3.MONEY (S3), a stablecoin studio developed on top of the Sui blockchain, was officially announced today by Cairo-based blockchain startup Pravica in collaboration with Sui. S3, which stands for “Stablecoin Studio on Sui,” is set to revolutionize the global payment processing landscape by introducing a versatile and user-friendly solution for building and utilizing stablecoins on the Sui blockchain. S3 offers a key utility designed for building customizable stablecoins directly on the Sui blockchain, which in its initial phase, enables issuers to create fiat-backed stablecoins without building the bespoke technological infrastructure typically required for smart contract development and currency management. S3 not only simplifies the process for existing stablecoin issuers, such as USDC and USDT, to integrate with Sui, but also facilitates the creation of bespoke stablecoin solutions tailored to meet specific regulatory requirements in various jurisdictions. S3 also establishes an entirely new process for stablecoin management, offering a streamlined one-stop-shop experience through a straightforward interface. Stablecoin Studio on Sui provides intuitive, capable administration with role-based controls, enabling effortless configuration and management of stablecoins. The platform enhances treasury command with built-in proof-of-reserve functionality and seamless integration with on-chain oracles. Integrated KYC/AML features prioritize compliance, strengthening due diligence with qualified identity verification services. Mohamed Abdou, Founder & CEO of Pravica, expressed his enthusiasm for S3 and Sui as a foundation for Pravica’s stablecoin creator. “Based on the adoption we are already seeing and our deep experience with international payment systems, we are convinced that stablecoins will revolutionize the global payments industry. We also believe that Sui offers the most capable platform for building robust and scalable decentralized utilities. Built on top of Sui, S3 poised to become a global utility for creating customized payment solutions utilized by millions,” he said. Beyond empowering builders to craft their own stablecoins, S3 also comes with a cutting-edge payments app, Walletify, which serves as a closed-loop payment solution. Walletify allows users to seamlessly transact using the stablecoins created through the S3 utility. Walletify’s closed-loop architecture, building on Sui’s unique Move-based design pattern, ensures a secure and efficient payment experience for both merchants and users. “The team at Pravica has done incredible work and built much needed financial tooling. Stablecoin Studio on Sui removes an immense hurdle for stablecoin issuers and is set to transform the world’s payment processing industry,” said Greg Siourounis, Managing Director of the Sui Foundation. “We are extremely gratified that they have chosen to build this revolutionary solution on Sui.” Contact Details Sui Sui Foundation media@sui.io

March 08, 2024 01:05 PM Eastern Standard Time

Article thumbnail News Release

Bitget Lists DEVVE, the Next-Generation ESG Blockchain

Bitget

Bitget, the world’s leading cryptocurrency exchange and Web3 company, is thrilled to announce the listing of DEVVE, a next-generation cryptocurrency set to revolutionize the digital asset landscape. With DEVVE, users gain access to a cutting-edge blockchain protocol that offers unparalleled scalability, security, and cost-effectiveness, while addressing critical challenges in environmental and social asset tracking. DEVVE’s innovative approach comes at a time when society faces significant challenges in managing data for environmental and societal issues. A lack of transparency and trust in tracking environmental assets, such as carbon credits and other ESG assets, has left stakeholders vulnerable to falsified records and greenwashing. Existing third-party providers attempt to track and verify these assets but often lack the necessary transparency, leading to inefficiencies and vulnerabilities in the system. DEVVE aims to address these challenges by providing a framework that tracks environmental and social assets with transparency and trust. Leveraging its advanced blockchain technology, DEVVE offers a solution that enables accurate identification, measurement, and tracking of ESG assets, reducing the risk of falsified records and ensuring integrity in the system. With DEVVE, users can participate in governance to become verification nodes on the DevvX blockchain, fund environmental and impact projects, and utilize DevvX shards for storing environmental or impact datasets. This circular utility of DevvE fosters transparency and trust in the ecosystem, empowering stakeholders to make informed decisions and drive positive change. Commenting on the listing, Gracy Chen, Managing Director of Bitget, stated, “We are excited to welcome DEVVE to our platform. DEVVE’s innovative approach to blockchain technology aligns with Bitget’s mission of empowering users through cutting-edge financial solutions. We believe that DEVVE has the potential to drive significant advancements in the digital asset space and are committed to supporting its growth and adoption.” With its groundbreaking technology and ambitious roadmap, DEVVE aims to cement itself as the world’s source of truth for ESG data and assets. As it continues to expand its ecosystem and utility, DEVVE is poised to redefine the future of decentralized finance and blockchain technology, ushering in a new era of transparency and trust in environmental and social asset tracking. Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in popular and valuable projects, Bitget’s spot market has seen significant growth. In 2023 alone, the platform added over 350 new listings, further diversifying investment options for users. Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function Bitget Swap enables cross-chain trading between nearly 30 mainnets. About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

March 08, 2024 01:03 PM Eastern Standard Time

Article thumbnail News Release

Bitget Lists Scallop (SCA) today

Bitget

Bitget, the world’s leading cryptocurrency exchange and Web3 company, is thrilled to announce the listing of Scallop (SCA), the cutting-edge Next Generation peer-to-peer Money Market for the Sui ecosystem. As the first DeFi protocol to secure an official grant from the Sui Foundation, Scallop stands out for its commitment to institutional-grade quality, enhanced composability, and robust security. Scallop is on a mission to revolutionize the financial landscape by providing a dynamic money market that delivers high-interest lending, low-fee borrowing, Automated Market Making (AMM), and digital asset self-administration tools all in one unified platform. Furthermore, Scallop offers an SDK tailored to meet the needs of professional traders, ensuring accessibility and convenience for all users. With a strong emphasis on innovation and user experience, Scallop is set to redefine decentralized finance (DeFi) and usher in a new era of financial empowerment within the Sui ecosystem. As Bitget continues to expand its portfolio of supported assets, the addition of Scallop (SCA) reinforces its commitment to providing users with access to the most innovative and promising projects in the crypto space. “Bitget is committed to supporting innovative projects that have the potential to transform the digital asset landscape, and the listing of Scallop (SCA) is a testament to that commitment,” said Gracy Chen, Managing Director of Bitget. “Scallop’s pioneering approach to peer-to-peer lending, low-fee borrowing, and digital asset administration aligns perfectly with what we are excited about and look forward to.” Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in popular and valuable projects, Bitget’s spot market has seen significant growth. In 2023 alone, the platform added over 350 new listings, further diversifying investment options for users. Meanwhile, Bitget Wallet supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function Bitget Swap enables cross-chain trading between nearly 30 mainnets. About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Contact Details Bitget Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

March 08, 2024 01:01 PM Eastern Standard Time

Article thumbnail News Release

On international Women's Day, Diamond Lake Minerals talks about the importance of a key advisor

Diamond Lake Minerals Inc

Diamond Lake Minerals CEO Brian J. Esposito and Advisory Board Agnes Budzyn joined Steve Darling from Proactive on International Women's Day to discuss the company's commitment to equity and innovation. Esposito highlighted Budzyn's leadership in the security token and digital asset space, emphasizing her valuable expertise in guiding the company's strategic vision. Budzyn, a seasoned professional with experience in blockchain investing and Wall Street, expressed excitement about Diamond Lake Minerals' role in shaping the future of digitalization. She emphasized the importance of adaptability and experimentation in navigating industry trends. Esposito underscored the democratizing potential of technologies like security tokens, noting the increased opportunities for wealth creation irrespective of gender. The discussion reflected Diamond Lake Minerals' dedication to fostering a diverse and inclusive environment while driving forward-thinking initiatives in the digital asset landscape. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

March 08, 2024 12:04 PM Eastern Standard Time

Video
1 ... 423424425426427 ... 3821