LTC

OKX's 16th Consecutive Proof of Reserves Report: USD17.7 Billion in Primary Assets

Retrieved on: 
Monday, February 26, 2024

DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, today announced the release of its 16th consecutive Proof of Reserves (PoR) report, highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets.

Key Points: 
  • DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, today announced the release of its 16th consecutive Proof of Reserves (PoR) report, highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets.
  • OKX included Bitcoin Cash (BCH) in its PoR report for the first time in January 2024.
  • Reiterating the consistency of previous reports, OKX's 16th consecutive monthly PoR report reveals reserve ratios of over 100% for all of these assets, thereby ensuring that user funds are backed on a 1:1 basis.
  • Since the inception of the program, OKX has integrated various updates and improvements to its PoR based on user feedback.

OKX's 16th Consecutive Proof of Reserves Report: USD17.7 Billion in Primary Assets

Retrieved on: 
Monday, February 26, 2024

DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, today announced the release of its 16th consecutive Proof of Reserves (PoR) report, highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets.

Key Points: 
  • DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- OKX , a leading global Web3 technology company and crypto exchange, today announced the release of its 16th consecutive Proof of Reserves (PoR) report, highlighting a total of USD17.7 billion and an average reserve ratio of 104% in primary assets.
  • OKX included Bitcoin Cash (BCH) in its PoR report for the first time in January 2024.
  • Reiterating the consistency of previous reports, OKX's 16th consecutive monthly PoR report reveals reserve ratios of over 100% for all of these assets, thereby ensuring that user funds are backed on a 1:1 basis.
  • Since the inception of the program, OKX has integrated various updates and improvements to its PoR based on user feedback.

BIT Mining Limited Announces Unaudited Financial Results for the Fourth Quarter and Full Year ended December 31, 2023

Retrieved on: 
Friday, February 23, 2024

AKRON, Ohio, Feb. 23, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • AKRON, Ohio, Feb. 23, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the fourth quarter ended December 31, 2023.
  • Net loss attributable to BIT Mining was US$0.8 million for the fourth quarter of 2023, compared with net loss attributable to BIT Mining of US$40.0 million for the fourth quarter of 2022, and net loss attributable to BIT Mining of US$4.7 million for the third quarter of 2023.
  • Non-GAAP net loss1 attributable to BIT Mining was US$0.9 million for the fourth quarter of 2023, compared with non-GAAP net loss attributable to BIT Mining of US$15.1 million for the fourth quarter of 2022, and non-GAAP net loss attributable to BIT Mining of US$3.9 million for the third quarter of 2023.
  • Net loss attributable to BIT Mining was US$4.2 million for the fourth quarter of 2023, compared with net loss attributable to BIT Mining of US$109.2 million for the fourth quarter of 2022, and net loss attributable to BIT Mining of US$4.4 million for the third quarter of 2023.

LTC Reports 2023 Fourth Quarter Results and Discusses Recent Activities

Retrieved on: 
Thursday, February 15, 2024

Five of these properties are expected to be sold for $1.6 million under an agreement signed subsequent to the end of 2023.

Key Points: 
  • Five of these properties are expected to be sold for $1.6 million under an agreement signed subsequent to the end of 2023.
  • One of the properties located in Texas was closed during 2023, and another is expected to be closed.
  • Two of the properties located in Georgia and South Carolina were transitioned to an operator new to LTC subsequent to December 31, 2023.
  • LTC received all 2023 contractual interest of $19.5 million due from Prestige after applying $3.4 million of its security.

Griffin Distribution Partners Names Eric Rubin Head of Business Development

Retrieved on: 
Tuesday, February 13, 2024

RALEIGH, N.C., Feb. 13, 2024 /PRNewswire/ -- Griffin Distribution Partners, a relationship-driven Brokerage General Agency (BGA), announces the appointment of Eric Rubin as Head of Business Development. In his new role, Rubin will lead business development initiatives focusing on advisor engagement and strategic partnerships, driving growth for the firm and affiliated advisors, agencies, and partners. As a seasoned insurance executive, Rubin brings more than 40 years of relevant industry experience to the firm, having previously served as an executive with both Ash Brokerage and New York Life.

Key Points: 
  • Rubin to spearhead efforts to establish and strengthen relationships with fee-based and fee-only Registered Investment Advisors, Firms and Family Offices
    RALEIGH, N.C., Feb. 13, 2024 /PRNewswire/ -- Griffin Distribution Partners, a relationship-driven Brokerage General Agency (BGA), announces the appointment of Eric Rubin as Head of Business Development.
  • In his new role, Rubin will lead business development initiatives focusing on advisor engagement and strategic partnerships, driving growth for the firm and affiliated advisors, agencies, and partners.
  • "Eric's appointment represents a significant milestone for Griffin Distribution Partners," said Sean Shea, LUTCF®, CLTC®, president and founding partner of Griffin Distribution Partners.
  • Eric Rubin expressed his enthusiasm for joining Griffin Distribution Partners, stating, "I am thrilled to be a part of this innovative team and am eager to help them expand their reach."

Canada signs $733 million bilateral agreement to help British Columbians age with dignity

Retrieved on: 
Monday, February 12, 2024

VANCOUVER, BC, Feb. 12, 2024 /CNW/ - Every senior in Canada deserves to age in dignity, safety, and comfort, regardless of where they live.

Key Points: 
  • VANCOUVER, BC, Feb. 12, 2024 /CNW/ - Every senior in Canada deserves to age in dignity, safety, and comfort, regardless of where they live.
  • Today, the Honourable Mark Holland, Canada's Minister of Health and the Honourable Adrian Dix, Minister of Health of British Columbia announced a bilateral agreement to invest $733 million over the next five years to help British Columbians age with dignity, closer to home, through improved access to home and community care and long-term care (LTC).
  • This funding builds on the $1.2 billion bilateral agreement that was announced with the province in October of 2023.
  • Progress on these initiatives and broader commitments will be measured against targets which British Columbia will publicly report on annually.

Alpha Cognition Provides Business Update

Retrieved on: 
Monday, February 12, 2024

Alpha Cognition Inc. (CSE: ACOG) (OTCQB: ACOGF), a biopharmaceutical company developing novel therapeutics for debilitating neurodegenerative disorders provides a business update on it’s ALPHA-1062 NDA filing for U.S. approval of mild-to-moderate Alzheimer’s disease, commercialization strategy, and a pipeline update.

Key Points: 
  • Alpha Cognition Inc. (CSE: ACOG) (OTCQB: ACOGF), a biopharmaceutical company developing novel therapeutics for debilitating neurodegenerative disorders provides a business update on it’s ALPHA-1062 NDA filing for U.S. approval of mild-to-moderate Alzheimer’s disease, commercialization strategy, and a pipeline update.
  • ALPHA-1062 has a Prescription Drug User Fee Act (“PDUFA”) date (drug approval date) in the U.S. for July 27, 2024.
  • Alpha Cognition’s commercialization strategy includes our initial commercial launch in LTC, followed by expansion to the Neurology segment once payer reimbursement has been established.
  • For other Alpha Cognition programs the Company will explore out-licensing our progranulin and Granulin Epithelin Motifs (“GEM”) programs.

New RSC Policy Briefing: "Repair and Recovery in Long-Term Care: Restoring Trust in the Aftermath of COVID-19 (2020-2023)"

Retrieved on: 
Tuesday, January 30, 2024

In charting the policy and legislative evolution since the 2020 report, “Repair and Recovery in Long-Term Care” makes eight recommendations for urgent action.

Key Points: 
  • In charting the policy and legislative evolution since the 2020 report, “Repair and Recovery in Long-Term Care” makes eight recommendations for urgent action.
  • Repair and recovery, while they may take near Herculean effort and a grit akin to dust-bowl determination, is possible.
  • It is going to take consequential action,” says Chair of the Working Group, Dr. Carole Estabrooks, FRSC, University of Alberta.
  • The Task Force established a series of Working Groups to rapidly develop Policy Briefings, with the objective of supporting policy makers with evidence to inform their decisions.

Digital Health Market Global Forecast to 2028, by Revenue Model, Technology, EHR, Healthcare Analytics, ePrescribing & Region

Retrieved on: 
Friday, February 2, 2024

The software segment expected to account for the largest market share of the global digital health market in 2022.

Key Points: 
  • The software segment expected to account for the largest market share of the global digital health market in 2022.
  • On the basis of technology, the digital health market is segmented into mhealth, telehealth, digital therapeutics, healthcare management systems technologies.
  • The global digital health market is segmented into four major regions, namely, North America, Europe, Asia Pacific, Latin America and MEA.
  • Well-developed healthcare infrastructure along with high awareness for digital health technologies such a digital therapeutics and telehealth has facilitated the regional growth.

OKX's 15th Consecutive Proof of Reserves Report: USD14.9 Billion in Primary Assets, Including Bitcoin Cash For First Time

Retrieved on: 
Wednesday, January 31, 2024

As with its previous reports, OKX's 15th consecutive monthly PoR reveals reserve ratios of over 100% for all of these assets.

Key Points: 
  • As with its previous reports, OKX's 15th consecutive monthly PoR reveals reserve ratios of over 100% for all of these assets.
  • The current reserve ratios for OKX's primary assets are as follows:
    OKX Global Chief Commercial Officer Lennix Lai said: "Our Proof of Reserves program stands as a symbol of transparency and trust in the industry.
  • We remain steadfast in our commitment to regularly publish monthly reports, incorporate user feedback and adopt industry best practices.
  • In October 2023, OKX marked the one-year anniversary of its PoR program with a video advocating for Proof of Reserves as an industry standard.