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MoneyLion Appoints Veteran Pinterest And Google Leader Jon Kaplan As Chief Revenue Officer

Benzinga

By Austin DeNoce, Benzinga MoneyLion (NYSE: ML), a leader in the financial technology sector, recently made a significant addition to its executive team with the appointment of Jon Kaplan as its first Chief Revenue Officer (CRO). This strategic move hopes to catalyze MoneyLion's ongoing growth and innovation in the FinTech industry, sending the company and its suite of products to new heights. MoneyLion currently offers a comprehensive range of financial products via its marketplace ecosystem, tailored to meet a variety of consumer needs, including cash advances, personal loans, credit cards, student loan refinancing, and investment services. MoneyLion’s New CRO Jon Kaplan has extensive experience as a CRO. He previously served at Pinterest (NYSE: PINS) and Alphabet (NASDAQ: GOOG), where he helped drive tremendous growth. He is now headed to MoneyLion to do the same. In this role, Kaplan will lead MoneyLion’s go-to-market strategy, focusing on expanding the market share of its leading digital financial ecosystem. He will leverage MoneyLion’s data assets to deliver new revenue opportunities and drive success for both enterprise clients and retail customers. “Bringing on Jon Kaplan, a tech industry veteran, as our new Chief Revenue Officer was an obvious choice,” said Dee Choubey, Co-Founder and Chief Executive Officer of MoneyLion. Choubey expressed confidence in Kaplan's proven ability to drive significant growth and innovation from his time at Pinterest and Google. He added that Kaplan's expertise will be vital in helping MoneyLion empower its users to make more informed financial decisions while expanding its market presence. Choubey is optimistic that Kaplan will enhance MoneyLion's revenue and sales strategies as the company develops its digital consumer finance ecosystem. The Significance Of Jon Kaplan’s Addition Kaplan’s career is marked by several impressive achievements. Most recently, he served as CRO of Madhive, a streaming television technology company backed by Goldman Sachs (NYSE: GS). At Pinterest, Kaplan was instrumental in driving the company’s revenue growth from $100 million to over $2.5 billion over his six-year tenure. Prior to Pinterest, he spent over 12 years at Google, where he led the Financial Services national sales team and later managed all U.S. sales and operations for Google's advertising products. Kaplan helped drive billions in revenue through Google search, display, programmatic, video and mobile. Kaplan personally expressed excitement about joining MoneyLion, highlighting the company's innovative approach to financial services and the opportunity to work with a very talented team. He emphasized his confidence in MoneyLion’s unique ecosystem, which seamlessly integrates consumer capabilities with a feature-rich enterprise platform. He also underscored his eagerness to help drive the company’s market expansion and optimize sales strategies. A Turning Point For MoneyLion The appointment of Jon Kaplan as Chief Revenue Officer marks a pivotal moment for MoneyLion. With Kaplan’s extensive experience and proven track record, MoneyLion seems poised to significantly enhance its digital ecosystem and expand its market presence – a move that will likely empower its consumers with even more financial control and opportunities. As MoneyLion continues to innovate and grow, Kaplan’s leadership could be instrumental in driving the company’s future success, delivering value to both enterprise clients and retail customers. Featured photo by Hunters Race on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 27, 2024 08:50 AM Eastern Daylight Time

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Three Bitcoin Players You May Want To Watch In The Next Potential Bull Cycle

Benzinga

By Austin DeNoce, Benzinga Following the Bitcoin halving in April, there's a renewed focus on the potential of Bitcoin miners amid the anticipated bull cycle. The halving event, which reduced Bitcoin's inflation rate from 1.8% to 0.9%, has historically acted as a catalyst for bull markets. This reduction emphasizes Bitcoin’s scarcity and can potentially rally investors around its long-term value proposition, especially amid a landscape of persistent fiat currency inflation. For many investors, this period potentially presents an exceptional opportunity – particularly if they choose the right Bitcoin miner to invest in. Below, we'll explore three major players in the Bitcoin mining industry: Marathon Digital Holdings (NASDAQ: MARA), Riot Platforms (NASDAQ: RIOT) and Bitdeer (NASDAQ: BTDR). Marathon: The Mining Goliath Marathon, with a market cap of about $5.5 billion, stands as the largest publicly-traded Bitcoin miner, with approximately 210,000 mining rigs and 29.9 exahashes per second (EH/s) globally. The company is focused on controlling or influencing each aspect of its operations, from mining pools to ASICs, partly through outside investments. Marathon also employs a long-term strategy of holding (HODLing) Bitcoin while reinvesting in its operations. The company’s operations are global, utilizing both self-hosting and outsourcing to deploy miners as efficiently as possible and diversify its geographic exposure. The company places a strong emphasis on sustainability, positioning its miners near renewable energy sources to both utilize excess energy and contribute to renewable projects. This commitment extends to its environmental, social and governance (ESG) principles, with goals like achieving carbon neutrality. It has invested significantly in technology to optimize operations, focusing on utilizing stranded energy resources and even selling excess heat back into various processes. However, Marathon has yet to deploy its own in-house mining technology, leaving it exposed to potential counterparty risk. Riot Platforms: Leading With Capacity Riot Platforms, which has a market cap of about $3 billion, owns North America’s largest Bitcoin mining facility by developed capacity. The company's operations are centered in Texas and Colorado, where it not only mines Bitcoin but also provides infrastructure for other institutional-scale mining entities. Like most miners, Riot is engaged in enhancing its capabilities to mine Bitcoin more efficiently while supporting the Bitcoin blockchain, but it differentiates itself by selling energy back to the Texas grid during peak demand to improve its cost efficiencies. Riot operates three business segments: Bitcoin Mining, Data Center Hosting and Engineering. Its mining segment boasts approximately 113,000 miners, achieving a hash rate capacity of 12.4 EH/s. Its hosting segment focuses on providing co-location services at its Rockdale Facility, which offers over 700 megawatts of total developed capacity. Meanwhile, its engineering segment designs and manufactures power distribution equipment and custom-engineered electrical products, further supporting its core mining operations. Bitdeer: The Under-The-Radar Innovator Bitdeer, with a comparatively smaller market cap of about $660 million, manages roughly 221,000 mining rigs and 21.2 EH/s. The company primarily stands out from its competitors due to its focus on becoming the first entirely vertically integrated miner, with a particular focus on semiconductor technology – potentially eventually eliminating counterparty risk altogether. The company has made significant strides in chip architecture with its custom SEAL01 Bitcoin mining chip, aiming for independence in a market dominated by a few manufacturers. Unlike its competitors, Bitdeer does not hold Bitcoin on its balance sheet, focusing instead on operational earnings. However, further insight is yielded when accounting for that difference. According to Bitdeer, it reported the highest industry-adjusted EBITDA in 2023 when excluding the mark-to-market Bitcoin adjustments exhibited by competitors like Marathon and Riot. Bitdeer operates across three main business lines: self-mining, hash rate sharing and comprehensive hosting solutions, broadening its impact within the Bitcoin mining market. The company has also expanded its infrastructure in Norway and Ohio and deployed an NVIDIA (NASDAQ: NVDA) DGX SuperPOD H100 system for AI model training – underscoring the breadth of its business. With 25% of its workforce dedicated to R&D, Bitdeer is committed to diversification and capturing new market opportunities as a competitive up-and-comer in the sector that is currently trading at a lower market cap than its larger competitors. The Potential Digital Golden Opportunity In Bitcoin Mining As the Bitcoin market evolves post-halving, the strategic positioning of companies like Marathon, Riot Platforms and Bitdeer suggests they are well-prepared to capitalize on the potentially upcoming bull cycle. Each company, with its unique strengths and strategic focus, offers different opportunities for investors looking to benefit from the next wave of Bitcoin's growth. While its rivals are larger, Bitdeer, with its innovative approach to technology and efficiency, may be one to watch, given the room for growth and relatively lower name recognition in the industry. Featured photo by Dmytro Demidko on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 27, 2024 08:45 AM Eastern Daylight Time

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From Sustainability To Reliability: How Laser Photonics' Ethical Approach To Engineering Sets It Apart From Rivals

Benzinga

By Meg Flippin, Benzinga Ethical engineering may only receive lip service from some companies, but it's a guiding principle for Laser Photonics Corp (NASDAQ: LASE) (LPC). Sustainability and environmental and societal impacts must be part of the equation in research and development, engineering and manufacturing, the company believes. A business with ethical standards enhances safety, improves quality, builds public trust and promotes sustainability – these values define the company. It's a belief Laser Photonics has long subscribed to. The company, established in 1981, adheres to a stringent ethical code of conduct when developing industrial-strength laser systems for cleaning, cutting, marking and welding. That code includes a commitment to transparency, while meeting all applicable laws, regulations and industry standards – as well as taking responsibility for actions, decisions and results. Laser Photonics says it strives for excellence in all aspects of its business and is committed to sustainable and environmentally responsible practices. Laser Photonics Leads By Example Ethical leadership is a big part of achieving engineering excellence. After all, ethical leaders are the ones who embody positive behavior and foster cultures in which integrity, respect and sustainability are among the top tenets. That ethical prowess appears to be in abundance at Laser Photonics, thanks to a deep management bench and a world-class research and development (R&D) team led by CEO Wayne Tupuola, who has over 15 years of C-level management experience. Before joining Laser Photonics, Tupuola spent over 25 years in the fiber laser equipment, semiconductor and aerospace industries – honing his craft and cultivating a commitment to the principles of ethical engineering. A similar pedigree is also found in Laser Photonics’ R&D team, which holds several patents and is focused on creating reliable and cutting-edge solutions. The team’s commitment to continuous innovation nurtures customer loyalty and drives growth. It's why Laser Photonics counts more than 100 Fortune 1000 companies in the aerospace, defense, energy, automotive and maritime industries as customers, including General Electric Co. (NYSE: GE) and Caterpillar (NYSE: CAT). Ethics In Manufacturing The company’s focus on ethical business is also reflected in its approach to developing, manufacturing and commercializing laser systems. LPC says it prioritizes quality in every component and sub-assembly it designs to produce machines that are built to last, are easily mastered and require minimal upkeep. Laser systems such as its CleanTech products are also easily integrated into production lines and capable of handling specialized tasks. To protect its customers, Laser Photonics has built in an added level of security, including a manual reset, a key-locked laser power switch and a remote interlock connector, which all serve to prevent accidental exposure to laser radiation. Optional features include an exhaust outlet for fume extraction and a Class I operator safe viewing port for safe observation of the laser cleaning process and easier alignment. LPC says these features set it apart in the industry and showcase its commitment to providing safe and effective technology to its customers. Since Laser Photonics develops laser systems certified by the Food and Drug Administration’s(FDA) and Center for Devices and Radiological Health (CDRH), the company is positioned to meet rigorous standards for the safety of customers and employees. As a result, LPC says investors can be confident in its dedication to aligning with ESG principles and reaching sustainability goals. Societal Impact Beyond its approach to business, LPC is making a positive impact on society, underscoring its commitment to upholding strong ethics. For centuries, sand and abrasive blasting was the go-to way to remove contaminants from substrates, but this practice creates hazardous work environments and exposes workers to crystalline silica, which is one of the most common minerals found in stone, rock, brick, mortar and block. Exposure to airborne silica dust occurs when cutting, sawing, drilling and crushing stones and using sand products such as abrasive blasting tools. Inhaling silica dust was found to cause irreversible lung damage and even lung cancer. Laser Photonics is turning the old way of surface processing on its head with its CleanTech brand of lasers used to remove rust, mold and other residue. These state-of–the-art systems accurately and quickly remove contaminants from a wide range of surfaces without damaging the underlying substrate and while keeping the operator safe from harmful chemicals and substances. Ethical engineering is the foundation for growth, and that’s not lost on Laser Photonics. From its management team to its laser development processes, LPC has best practices, sustainability, safety and reliability at the forefront of its operations. The set of values the company brings to the table is the key component to its continuous expansion. Companies big and small, as well as government agencies, rely on Laser Photonics because of its quality, reputation and ethical approach to engineering. Featured photo by ThisisEngineering on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 27, 2024 08:35 AM Eastern Daylight Time

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What's Trending Now - Summer Must-Haves

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

June 27, 2024 07:00 AM Eastern Daylight Time

Video

Chin Mounts Launches Revolutionary Helmet Mounts for Action Cameras

Rev Up Marketers

Chin Mounts is excited to introduce its latest line of helmet mounts for action cameras. These mounts offer motorcyclists and mountain bikers a secure and innovative way to capture their adventures. The new mounts feature a low-profile design that minimizes interference and ensures maximum stability. They are compatible with a wide range of helmets and action cameras, including GoPro and Insta360 models. Made from high-quality materials, these mounts are built to last and perform well in various weather conditions. A key feature of these mounts is their custom fit, designed to accommodate over 800 different helmet models from brands like AGV, Arai, Bell, Fox, HJC, and Shoei. This extensive compatibility ensures that users can find the perfect fit for their specific helmet, providing optimal camera positioning and reducing neck strain during long rides. Installation is simple, using high-strength 3M adhesive tape and stainless steel fasteners. There's no need for specialized tools, making the process accessible for all riders. Additionally, the mounts can be easily removed, allowing users to switch between different helmets or adjust the mount's position as needed. By offering a stable and secure way to mount action cameras, Chin Mounts enables riders to capture high-quality footage of their journeys, enhancing the overall riding experience. The lightweight design adds minimal extra weight to the helmet and reduces wind resistance, contributing to a comfortable and enjoyable ride. About Chin Mounts is committed to enhancing the riding experience for motorcyclists and mountain bikers. Based in Vancouver, BC, Canada, the company focuses on delivering high-quality, durable, and user-friendly products that meet the needs of adventure enthusiasts worldwide. Contact Details Chin Mounts Matthew Engelage info@chinmounts.com Company Website https://chinmounts.com/

June 27, 2024 06:27 AM Eastern Daylight Time

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AITX Reaches New Heights as Q1 FY 2025 Revenue Soars

RazorPitch AITX

The global security robots market, valued at USD 27.32 billion in 2021, is projected to grow at a compound annual growth rate (CAGR) of 17.65% during the forecast period. This robust growth is driven by a variety of factors, including escalating security concerns, the increasing adoption of advanced automation techniques worldwide, and more. Among the companies benefiting from this trend is Artificial Intelligence Technology Solutions (OTC:AITX ). AITX is a prominent player in the field of AI-driven security and productivity solutions and has recently announced a significant milestone, marking its first-ever quarter with over $1 million in total revenue. Market Context and Demand Drivers Several key factors contribute to the rising demand for security robots. Increasing geopolitical instabilities and the potential for substantial government investment in security advancements are creating favorable conditions for market growth. Security robots' advanced capabilities, such as operating in challenging terrains and hazardous environments, performing analytical-based surveillance, and other complex tasks, are driving their adoption across various countries. Improvements in sensor technology and high automation capabilities, coupled with advancements in neural technology that enhance functionality over time, are also positively impacting market growth. Artificial Intelligence Technology Solutions AITX is at the forefront of delivering AI-based solutions that empower organizations to gain new insights, address complex challenges, and foster new business ideas. Through its next-generation robotic product offerings—RAD-I, RAD-R, RAD-M, and RAD-G—the company helps organizations streamline operations, increase ROI, and enhance business efficiency. AITX's technology simplifies and reduces the cost of patrolling and guard services, allowing experienced personnel to focus on more critical tasks. The solutions are widely applicable across multiple industries, including enterprises, government, transportation, critical infrastructure, education, and healthcare. Recent Milestone: Q1 FY 2025 Revenue Surge On June 17, 2024, AITX announced a remarkable increase in its recurring monthly revenue (RMR) for the first quarter of fiscal year 2025, marking a 385% year-over-year growth. The company's unaudited operating revenue for Q1 FY 2025 stood at $1,098,975, up from $384,277 in the same quarter of the previous fiscal year. This significant milestone underscores the company's ongoing exponential growth. Steve Reinharz, CEO/CTO of AITX, expressed his satisfaction, stating, "Achieving continuous, exponential growth is what we forecasted and what we have delivered once again. Although we have smartly added some general expenses in sales, support, and development, we remain committed to operational profitability this fiscal year. It’s important that we position ourselves to be a dominant player in the solar security tower market, support the launch of AIR in our Gen4 solutions, and prepare for the upcoming relaunch of ROAMEROAMEO pleased to say we are on track." Strategic Moves and Future Potential The company highlighted that over $125,000 in RMR, representing $375,000 in quarterly recurring revenue, has yet to be deployed. Mark Folmer, President of Robotic Assistance Devices, Inc. (RAD), a wholly-owned subsidiary of AITX, mentioned, "The transition to our Gen4 solutions could be another driving force for RAD this year. But even without Gen4 fully launched, we continue to receive re-orders from both large and smaller clients." Troy McCanna, RAD’s Chief Security Officer & Senior Vice President of Revenue Operations, shared his enthusiasm: "We are absolutely thrilled that during one month of the first quarter, we saw a staggering 385% year-over-year increase in RMR. Our clients’ enthusiastic adoption of RAD’s technology is a clear indicator that we are on the right track. Going forward, several clients have verbally confirmed orders, and we are awaiting those contracts before making the related announcements." AITX 's recent achievements and the broader market dynamics highlight the potential for substantial growth in the security robots market. The company's focus on AI-driven solutions and recurring revenue models positions it well to capitalize on the increasing demand for advanced security technologies. As the company continues to innovate and expand its market presence, the future looks promising, making AITX a stock to watch. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Cambridge Consulting to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Inc Mark McKelvie +1 585-301-7700 mark@razorpitch.com Company Website http://razorpitch.com

June 27, 2024 06:00 AM Eastern Daylight Time

HTX Debuts "Earn with Pending Orders" Event: Join Now for a Share of 25.7B $HTX!

HTX

On June 26 (UTC), HTX introduced the "Earn with Pending Orders" event, offering non-stop rewards in 24/7 hours. By participating, users have the chance to share a prize pool of 25.7 billion $HTX. This event marks another significant initiative launched by HTX following the "Trade to Earn" event, aimed at innovating and enhancing the user experience. Through these innovative events, HTX hopes to offer users the combined enjoyment of trading and mining, while ensuring they experience secure and efficient trading services. "Earn with Pending Orders": A New Trading Experience HTX's "Earn with Pending Orders" evaluates the order book status within the platform's trading market. At regular intervals, snapshots of pending orders for the designated trading pair will be taken to determine whether the prices at which users place their orders fall within a valid range around the current market bid and ask prices. Subsequently, rewards will be calculated based on the order amount each user has placed. ● Random Minute-by-Minute Snapshots: Ensuring Transparency and Fairness The first phase of HTX's "Earn with Pending Orders" event will last from 10:00 (UTC) on June 26, 2024, to 10:00 (UTC) on July 3, 2024, featuring BTC/USDT as the designated spot trading pair. The platform will snapshot pending orders randomly once per minute to record their status. Pending orders must be limit orders with a minimum amount of 100 USDT at the time of the snapshot. Additionally, the price of pending orders should not deviate by more than 0.5% from the latest executed price (closing price) at the time of the snapshot. Here is an example. Let's assume the latest executed price (closing price) at the time of the snapshot for BTC/USDT is 60,000 USDT. The threshold range is ±0.5%. Therefore, the upper limit price for pending orders will be 60,300 USDT (calculated as 60,000 x 1.005), and the lower limit price will be 59,700 USDT (calculated as 60,000 x 0.995). Therefore, valid pending orders must have prices at the time of the snapshot between 59,700 USDT and 60,300 USDT (59,700 USDT < Pending order price < 60,300 USDT). ● Mega Prize: Enjoy Nonstop Rewards in 24/7 Hours The event boasts a total prize pool of 25,700,000,000 $HTX, with a daily prize pool of 3,675,569,713 $HTX, and a per-minute prize pool of 2,552,478 $HTX. During the event, users will share the per-minute prize pool proportionally based on the amounts of their valid pending orders. However, the hourly reward cap for each user in this event is 85,763,293 $HTX. A user will not receive rewards if either the reward limit for the participant or the prize pool limit is reached. Example: Let's assume that, in a specific minute, the total amount of all eligible pending orders is 1,000 USDT, and User A has a pending order amounting to 100 USDT. According to the provided reward calculation formula, User A's reward can be calculated as 2,552,478 $HTX * (100/1,000). Therefore, User A would receive a reward of 255,247.8 $HTX for that minute. Please note that users need to click "Register Now" in the announcement to participate in the event. Event Details: https://www.htx.com.jm/support/en-us/detail/74973710050124 Putting Users First: Meeting Diverse Demands HTX has always been committed to delivering users worldwide secure, diversified, and efficient trading services for digital assets. Since its establishment, HTX has always upheld a user-first philosophy, consistently innovating and improving user experiences to meet their diverse demands. HTX expressed its desire to drive the development of the cryptocurrency industry through innovative events and products such as "Earn with Pending Orders", seeking to grow together with users and foster value creation. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Miffy Chu glo-media@htx-inc.com Company Website https://www.htx.com/

June 27, 2024 02:05 AM Eastern Daylight Time

TRON Founder Justin Sun Wins Landmark Case in the People's Court of China

TRON DAO

Geneva Switzerland, June 26, 2024 – TRON DAO welcomes an unprecedented victory by its founder Justin Sun in the People’s Court of China over a landmark defamation suit filed against the Chongqing Business Media Group (“ the Media ”). Per court order, the Media has removed all of its false contents and issued a formal statement of apology to Sun, who has long been a target of media misrepresentations. The Media acknowledged in the statement that it had published false and defaming contents without fact-check or evidence, severely damaging Sun's reputation. “The rumor-monger has finally published an apology on the People’s Court’s website,” Sun said on an X post. “Although it took two years, justice has arrived.” The apology came after a two-year legal battle. Following hundreds of hours of fact-finding and a thorough trial, the Chongqing Yubei District Court ruled in the first instance that the Media broke the law and defamed Sun by publishing entirely unverified media contents, including an article and a video. The court ordered the defendant to retract all false contents and issue a public apology to Sun in a national newspaper. Neither party appealed the decision within the stipulated time frame, making the ruling final judgment. For Sun, the victory serves as a strong rebuttal to numerous widespread rumors and restores his personal reputation. The court reviewed extensive evidence and documentation from both sides before arriving at the verdict. The verdict sends a strong signal to all media outlets: citing unverified sources and spreading unsubstantiated information is likely breaking the law and tarnishing their own reputations. The Buried Truth in a Storm of Media Hysteria The case dates back to March 11, 2022 when the Media published an article on its news platform eastmoney.com. The article stated that Sun "was involved in insider trading," "fled abroad to evade the ICO ban," "engaged in fraud and money laundering," and "was under investigations by the IRS and the FBI," among other claims. The baseless article quickly went viral, getting picked up by many other media outlets, and severely damaging the reputations of both Sun and the TRON ecosystem. These reports cited an opinion piece about Sun published by The Verge in March 2022. That piece included a series of “interviews” with anonymous sources who all vividly described Sun's alleged wrong-doings Hollywood-style. While the story was purposefully sensationalized, the author cleverly dropped a disclaimer at the end acknowledging that he could not obtain any comments from any relevant authorities to substantiate any claims in the article. In essence, the opinion piece presented unverified stories and acknowledged them as hearsay. Similar media peppered their audience with buzzwords like "money laundering," "insider trading,” "investigations," etc. In their rush to maximize exposure and clicks, these desperate media outlets quickly amplified the article in order to make it go viral in no time. Amid this frenzy, any disclaimers on lack of evidence or unsubstantiated claims were conspicuously and conveniently ignored by the media, either intentionally or inadvertently. Defendant Guilty After Lengthy Two-Year Legal Battle During the trial, the People's Court of China scrutinized every detail, from the original The Verge article, the Media ’s recreated contents, to the interpretations made by all other domestic media during reproduction. The court concluded that The Verge's article lacked concrete evidence entirely and the Media 's report was devoid of any factual basis, which materially violated Sun's reputation. The court underscored that the original article’s authenticity was only confirmed by the author, and it was acknowledged in the article that none of the aforementioned authorities had validated any information presented. In the final verdict, the People’s Court of China ruled that all claims of Sun's alleged involvement in insider trading, fraud, money laundering, or any other claimed investigations and other alleged wrong-doings, are entirely unsubstantiated. During this two-year battle, all false claims made by the Media failed to withstand scrutiny. This lengthy due process has brought the truth to light by using facts and legal measures to debunk misinformation and disinformation. This final judgment rectified the injustices Sun has long endured and presented a legal precedent for the broader blockchain community on how unfounded rumors should be handled and dispelled. Significance of the court ruling: The Internet is not a legal vacuum, and the doers are safeguarded by law The final ruling of the case does not hand victory over to Sun alone but also upholds the rights of individuals who are committed to their causes but fall victim to fabricated news coverage with ulterior motives. This ruling has raised the public's legal awareness, encouraging victims of untrue news reports to assert their own interests through legal avenues. On the other hand, this incident also alerts all content disseminators against deceptive and unreliable media sources, especially those tainted with a history of fake and biased contents. This practice runs completely against the professionalism, objectivity, and neutrality that the modern media strive to uphold. Early in 1988, the " Reply of the Supreme People's Court to the Defendant Status of Newspaper Publishers and the Application of Jurisdiction in Cases of Infringement of the Right to Reputation " already made it clear that news agencies have verification obligations for the news reports they publish, and both the author and the news agency shall be held legally accountable for a publication's infringement of other individuals' right to reputation, in which case they may be made the co-defendants. This legal document, among many others, indicates that infringement resulting from the edition and publication of unverified information and articles will incur legal liabilities. If the infringed party is willing to arm themselves with the law and provide concrete evidence in court, it's highly likely that the involved media will lose the case. Sun's landmark win is a moment of reckoning for the long-standing rumors floating around the internet. It is also a victory of the rule of law. The ruling has not only safeguarded the legitimate rights of Sun but also discouraged the spread of misinformation and disinformation. While pursuing newsworthy content is the common goal, journalism must adhere to professional ethics by ensuring facts are authentic and accurate. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2024, it has over 239.72 million total user accounts on the blockchain, more than 7.91 billion total transactions, and over $20.60 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network Contact Details Hayward Wong press@tron.network Company Website https://trondao.org/

June 26, 2024 05:58 PM Eastern Daylight Time

News Release

Dino Decking Ltd Sets New Standards in Composite Decking: Financial Growth and Sustainability Milestones

Rev Up Marketers

Dino Decking Ltd, a leading figure in the composite decking industry since its establishment in 2017, proudly announces significant milestones in financial growth and environmental commitment. Financial Growth and Strategy As of June 2023, Dino Decking reports total assets valued at £7.64 million, with net assets reaching £5.29 million. These figures underscore the company's robust financial health and strategic market positioning. Commitment to Sustainability Dino Decking reaffirms its dedication to sustainability by employing recycled materials in its product lines. This eco-friendly approach not only meets global environmental standards but also addresses increasing consumer demand for sustainable building solutions. Market Leadership Recognized for their durability and innovative design, Dino Decking’s products have solidified its leadership in the market. The company continues to set industry benchmarks through its commitment to quality and customer satisfaction. Industry Acknowledgment Recently featured in the esteemed International Business Times, Dino Decking celebrates this recognition of its financial prowess and sustainable practices. Dino Decking acknowledged this recognition, emphasizes the company’s ongoing commitment to innovation and excellence. Investment Potential With a strong financial foundation and a proactive sustainability agenda, Dino Decking presents a compelling investment opportunity in the burgeoning market for eco-friendly construction materials. Investors are invited to capitalize on Dino Decking’s growth trajectory and leadership in the composite decking sector. About Dino Decking Ltd Established in 2017, Dino Decking Ltd has rapidly ascended to a leading position in the composite decking industry. Known for its innovative and durable products, the company proudly announces significant milestones in financial growth and environmental commitment. Contact Details Dino decking Ltd Richard George +44 1942 355968 support@dinodecking.co.uk Company Website https://www.dino.co.uk/

June 26, 2024 02:48 PM Eastern Daylight Time

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