June 2022 - Page 7 of 11 - NetworkNewsWire

TuesdayJun 14, 2022 12:00 pm

Speculation of Bear Market Reinforced by Crypto Declines and Cutbacks

Bitcoin reached an all-time low of $22,725 since December 2020 Other cryptos are feeling the strain, many of which are facing value declines of more than 30% in just a week Many crypto-focused companies have begun issuing hiring freezes and layoffs as a result of the low-valued prices Crypto exchange Gemini is laying off at least 10% of its employees, citing a turbulent market and “crypto winter” Speculation of a bear market has become a reality. Bitcoin just reached an all-time low (since December 2020), with a value of $23,981. Other cryptocurrencies are feeling the effects of this bear market…

TuesdayJun 14, 2022 11:15 am

Odyssey Health, Inc. (ODYY) Moving to Fill Gaps in Treatment and Management of Concussion Among Military Service Members

Odyssey is a medical company developing PRV-002, a novel compound for the treatment of concussion Between 75-83% of all the cases of traumatic brain injury (“TBI”) among U.S. service members have been classified as mild (“mTBI”), commonly termed “concussion” Although concussion greatly impacts the military, there are significant gaps in the understanding of the optimal diagnostic, treatment, and management criteria Odyssey is looking to bridge this informational gap with its clinical trial and intends to start its U.S. Phase II trials at military training sites, subject to the FDA’s approval of the results of its Phase I study The Center…

TuesdayJun 14, 2022 10:30 am

SPYR Inc. (SPYR) Grows its Footprint and Product Offering with GeoTraq, Inc. Acquisition

SPYR just completed the acquisition of GeoTraq as part of its 2022 expansion plan GeoTraq is known for its mission to simplify businesses with mobile IoT by providing low-cost IoT with plug-and-play functionality GeoTraq becomes the second company acquired by SPYR, following Applied Magix’s acquisition in 2020 SPYR (OTCQB: SPYR) recently completed the acquisition of GeoTraq, a Nevada-based enterprise that develops and manufactures advanced Internet of Things (“IoT”) modules for location-based services, asset tracking, and sensor modules for remote monitoring. The acquisition is in line with SPYR 2022 expansion plans to strengthen the company’s balance sheet while also growing shareholder…

TuesdayJun 14, 2022 9:45 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Increases Node Count on Bitcoin Lightning Network as Network Shows 300%+ Growth

The Lightning Network has seen growth of more than 300% since mid-2021, despite the recent decline of Bitcoin LQwD’s nodes on the Lightning Network include global coverage in Canada, South Korea, Brazil, Hong Kong, South Africa, Bahrain, Japan, the US, Ireland, India, Germany, Singapore, Sweden, Indonesia, Italy, France, and England The global cryptocurrency market was valued at US $1.49 billion in 2020, and is projected to reach US $4.94 billion by 2030 The Bitcoin Lightning Network (“LN”) has experienced explosive growth recently, despite the volatility of the cryptocurrency. Recent reports have indicated that Bitcoin has experienced negative growth – by…

TuesdayJun 14, 2022 9:00 am

Aditxt Inc.’s (NASDAQ: ADTX) AditxtScore(TM) Platform Provides Consumers and Physicians with Data Needed to Make Informed Health Decisions on COVID-19

Aditxt is a biotech innovation company developing and commercializing technologies focused on monitoring and reprogramming the immune system. The company’s AditxtScore(TM) for COVID-19 generates an AditxtScore(TM), which offers a detailed profile of a person’s immune response for SARS-CoV-2, allowing consumers and their physicians to understand, manage, and monitor their level of immune response to the virus, thus allowing them to make informed health decisions Aditxt’s platform is initially focusing on SARS-CoV-2, the virus that causes COVID-19, in recognition of the importance of immune monitoring and profiling in determining the course of action related to the virus. Though the COVID-19 pandemic…

MondayJun 13, 2022 12:00 pm

FuelPositive Corp.’s (TSX.V: NHHH) (OTCQB: NHHHF) Green Ammonia Solution for Global Food Security

Ukraine has been regarded as the breadbasket for much of the world, growing enough food to feed over 400 million people With the ongoing Russia-Ukraine war, global food security has come under threat, brought about by interrupted supply chains, the overall cost of shipping, and rising oil prices FuelPositive seeks to remedy the situation through its decentralized model of ammonia production Through its technology, it looks to tap into a market that is projected to reach $81.42 billion by 2025 On February 24, 2022, Russia invaded Ukraine, initiating a humanitarian crisis with a ripple effect on a global scale, including…

MondayJun 13, 2022 11:15 am

Uncertainty Surrounds Bitcoin Mining in New York while Other States Begin Deep Dive on Benefits of Digital Currency Implementation

New York's bill to put a temporary ban on Bitcoin mining is in the hands of Governor Hochul - who plans to carefully review it before making a decision (it could be six months or more) The Biden Administration called on federal entities to begin researching the benefits of cryptocurrency implementation Pennsylvania and California have begun efforts to analyze the pros and cons of digital currency in their respective states The fate of Bitcoin mining currently resides in the hands of Governor Kathy Hochul. New York Senate passed a first-of-its-kind moratorium initially drafted by Ithaca Assembly member Anna Kelles in…

MondayJun 13, 2022 10:30 am

Correlate Infrastructure Partners Inc. (CIPI) Set to Benefit from Defense Production Act Invocation, and Solar Panel Tariff Exemption

President Biden recently invoked the Defense Production Act in a bid to accelerate domestic production of clean energy technologies and spur domestic manufacturing He also declared a 24-month tariff exemption for solar panels from Cambodia, Malaysia, Vietnam, and Thailand This presents a breakthrough opportunity for Correlate and other players in the industry to scale up their operations and execute large-scale solar power installations around the country In March 2022, the United States Department of Commerce opened an investigation into solar modules imported into the country from Southeast Asia. The affected nations included Cambodia, Thailand, Vietnam, and Malaysia, with the department…

MondayJun 13, 2022 9:45 am

Lexaria Bioscience Corp. (NASDAQ: LEXX) and the Budding Alternative Nicotine Market

The nicotine pouch market is projected to reach $21.84 billion in 2027, up from $2.33 billion in 2020, representing a CAGR of 30.7% The smokeless tobacco products sector is expected to post a CAGR of 7.2% over the forecast period (2018-2025) Lexaria, through its patented DehydraTECH technology, is tapping into this important alternative nicotine sector Its management is confident that its research and technology development investment will pay off and provide greater consumer satisfaction. In 2019, it was estimated that at least 1.1 billion people globally smoked cigarettes regularly. 780 million, representing 71% of the global smoking population, noted that…

MondayJun 13, 2022 9:00 am

EverGen Infrastructure Corp. (TSX.V: EVGN) (OTCQB: EVGIF) Developing RNG Infrastructure Platform Amid Increased Government Investment

Canadian and BC governments subsidizing RNG industry, commercial RNG options growing RNG demand expected to reach approximately 3.7 billion cubic feet by end of 2022 Canada-based EverGen acquires, develops, builds, and owns RNG portfolio, waste-to-energy, and related infrastructure projects, focused on North American market The Canadian government has commenced renewable natural gas (“RNG”) investment to enhance the country’s competitive advantage, create jobs, diversify market opportunities, and reach emission reduction targets (https://nnw.fm/WRs4T). EverGen Infrastructure (TSX.V: EVGN) (OTCQB: EVGIF), an independent renewable energy producer, is supporting the effort by developing an RNG infrastructure platform that includes acquiring, developing, building, owning, and operating…

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Month: June 2022