Jax.Network has surpassed BSV hashrate

DUBAI, United Arab Emirates, Sept. 16, 2022 (GLOBE NEWSWIRE) — Jax.Network, a blockchain merge-mined with Bitcoin, has gained around 1,200 Phash/s, which is two times higher than the average hashrate per day of Bitcoin SV (BSV), which has 568.87 Phash/s at the moment of writing. The project is right on track to outcompete Bitcoin Cash (BCH) with its 1.43 Ehash/s.

Jax.Network utilizes a merge-mining algorithm that allows miners to dedicate their computational resources to finding a proof-of-work not only in its own network but also in the Bitcoin network. Thus, by reusing the hashrate of the Bitcoin network, the Jax.Network blockchain leverages enhanced security and puts a check on potential inflation compared to a standalone network.

Such a technical solution offers increased incentives for miners. Apart from extra block rewards and transaction fees, miners, who decide to join JaxPool, an official pool by Jax.Network, can benefit from negative pool fees on BTC mining and up to a 1% bonus on BTC mining activities. It could be fair to assume that this offer helped to attract a lot of attention to the network, resulting in 1,200 Phash/s of combined hashrate in less than two months. At the moment, that’s nearly twice more than the BSV network.

“Once miners test our network and understand how much more profitable it can be, we may see a rapid increase in hashrate. I would even assume that we might capture 100% of hashrate of the Bitcoin network,” Vinod Manoharan, Founder of Jax.Network, commented.

About JaxPool

JaxPool is a BTC mining subpool under a top-5 mining pool. Its goal is to merge-mine Bitcoin with the Jax.Network blockchain and provide miners with increased profitability.

About Jax.Network

Jax.Network provides the technological infrastructure for a decentralized energy-standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. Jax.Network aims at making these coins a universal standard for the quantification of economic value. Established in 2018, the company united professionals from all over the world to build a blockchain network based on the Proof-of-Work consensus mechanism and pure state sharding as a scaling solution.

CONTACT Viktoriya Nechyporuk, Marketing Communications Lead   
COMPANY Jax.Network
PHONE +380 67 657 0029
EMAIL viktoriya@jax.net
WEB https://jax.network

Swakop Uranium Launches Sustainable Development Report Highlighting Milestone Achievements on Multi-dimensional Practice

WINDHOEK, Namibia, Sept. 16, 2022 /PRNewswire/ — Swakop Uranium (the “Company”), a subsidiary of China General Nuclear Power Corporation(CGN), recently released its 2021 sustainability report in the Namibian capital, Windhoek. The report detailed the company’s performance and practices in Namibia, while also highlighting official statistics and social responsibility undertakings.

Ms. Kornelia Shilunga, Deputy Minister of Mines and Energy for Namibia, commended the publishing of the 2021 Swakop Uranium Sustainability Report and lauded the Company for demonstrating a commitment to good corporate governance and transparency. The Husab Mine is an important contributor to the country’s economy and is the largest employer in the Namibian mining industry with over 1,700 permanent employees and 1,000 contractors.

Swakop Uranium Board member and Chairperson of the Swakop Uranium Sustainability Development Committee, Ms. Inge Zaamwani-Kamwi, said “The 2021 report highlights the positive sustainable development impacts of the Company in Namibia, particularly in the Erongo Region. Through this report, we can see the Company is committed to fully supporting national development imperatives and the United Nations Sustainable Development Goals. Continuous business development is an integral part of  Swakop Uranium’s business strategy, with goals to build a world-class company that Namibia can be proud of.”

Economic and Commercial Counselor at the Chinese Embassy in Namibia, Mr. Liu Mingzhe, thanked all stakeholders for their long-term support and assistance with the Swakop Uranium. Through CGN, China has made its largest project investment in Africa in the form of the Swakop Uranium Husab Mine, with an investment of more than US$ 5 billion which contributed 3.2 billion NAD to the local economy in 2021. The localization of the workforce is also an important goal for the Company, striving to employ a workforce comprising 96% of local talent through various training programs put in place to ensure a competent and dedicated workforce. CGN is also actively sourcing renewable energy, and recently built a 12-megawatt solar power station at the mine.

In his foreword in the report, the CEO of Swakop Uranium, Mr. Qiu Bin, thanked shareholders, key stakeholders, and employees for building positive and constructive relationships that have enabled Swakop Uranium to be successful and create a long-lasting and positive legacy in Namibia.

For more information, please visit Swakop Uranium or download the report from https://we.tl/t-278qvPaO0d.

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Global Times: Xi’s key visit to C.Asia shows China’s strategic vision, charms SCO summit with ‘hopes, opportunities and certainty’

BEIJING, Sept. 16, 2022 /PRNewswire/ — Chinese President Xi Jinping is now paying his first foreign visit since the COVID-19 pandemic to Central Asia, and to attend the Shanghai Cooperation Organization (SCO) Summit. This major diplomatic activity has drawn attention around the globe and charmed the key multilateral event in Samarkand with frequent bilateral meetings with the leaders of other SCO members and key partners across the Eurasia continent. 

By Thursday, heads of state and leaders of other countries Xi has already met in his ongoing trip include Russian President Vladimir Putin, Kazakh President Kassym-Jomart Tokayev, Uzbek President Shavkat Mirziyoyev, Kyrgyz President Sadyr Zhaparov, Tajik President Emomali Rahmon, Turkmen President Serdar Berdimuhamedov, Mongolian President Ukhnaa Khurelsukh, Belarusian President Alexander Lukashenko and Azerbaijani President Ilham Aliyev. The regional partners and key members of the SCO expressed support to China-proposed initiatives on global development and security, and reaffirmed support to the one-China principle.

Experts said the reason why China chose Central Asia as the destination of the first foreign visit by its top leader since the onset of the COVID-19 pandemic is that China has attached greater importance on or even prioritizes relations with neighbors, developing countries and the multilateral or international organizations like the SCO.

China is paying great efforts via the head-of-state diplomacy to better form a stable and certain international environment to serve not only its own development but also the shared peace and prosperity of the region and the majority of international community, said analysts.

Popularity and charm

During the meeting with Putin, Xi said China is ready to work with Russia in extending strong support to each other on issues concerning their respective core interests. China is also willing to deepen pragmatic cooperation in such areas as trade, agriculture and connectivity, Xi added.

Thursday’s face-to-face in-depth communication between the top leaders of China and Russia – two neighboring major powers and key SCO members with global influence – is not only important to the stable development of the bilateral relations, but also of great benefits to regional peace and stability, experts said.

In 2013, Xi firstly initiated the Silk Road Economic Belt, a part of the Belt and Road Initiative (BRI), during his visit to Kazakhstan. The initiative has already benefited many countries’ development around the globe in the past 10 years. This time, Xi’s key diplomatic activity to Central Asia will also bring new significant long-standing influence to not only the region but also the world, experts said.

Deng Hao, secretary-general of the China Center for SCO Studies, told the Global Times on Thursday that China and Central Asian countries are friendly neighbors and close partners, and the situation of the region will directly affect the stability and development of China’s western territory, adding it’s also significant to China’s energy security and the construction of the Belt and Road. So China choosing this region for the first head-of-state foreign visit since 2020 proves that China attaches great importance to the ties with regional partners, said Deng.

Since the Russia-Ukraine conflict and Kazakhstan’s political turmoil earlier this year, regional peace and stability are under threat, and the conflicts between Azerbaijan and Armenia in recent years also increase the risks and concerns to the region, it’s important for China, as a major power with notable national strength and economic capability, to play a greater role in promoting cooperation and boosting interconnectivity to better link East Asia, Central Asia, Europe, the Middle East and South Asia, experts said.

“This is why the Chinese president is so popular among the region and countries from other regions with great interests to seek membership or partnership with the SCO, as the frequent bilateral and multilateral meetings showed the great charm of China’s head-of-state diplomacy,” Deng noted.

Xi has received warm welcomes and hospitality with highest respects in both Kazakhstan and Uzbekistan. On Wednesday afternoon, Xi received the Order of the Golden Eagle, or “Altyn Qyran” Order, awarded by Kazakh President Tokayev at the Ak Orda Presidential Palace in Nur-Sultan, Xinhua reported. The Order of the Golden Eagle is the highest order Kazakhstan awards individuals in recognition of their significant contribution to Kazakhstan’s national development and friendly external relations.

Tokayev delivered remarks before awarding the order. He noted that Xi’s visit is a tremendous honor to Kazakhstan, according to Xinhua.

Xi put forward the great initiatives including Belt and Road cooperation and the building of a community with a shared future for mankind, and has made outstanding contribution to building a new type of international relations, Tokayev said, adding that the Global Development Initiative and the Global Security Initiative put forward by Xi are of particular strategic significance in resolving risks and challenges faced by today’s world.

On Thursday, Xi received the highest friendship award – Friendship Order – from Uzbek President Mirziyoyev. This is the first time that the order has been awarded since it was set up in March 2020, according to China Central Television.

Mirziyoyev held a grand welcoming ceremony for Xi at the airport on Wednesday evening. Nearly a hundred national flags of China and Uzbekistan were waving in the breeze. The hundred-meter-long carpet was flanked by valiant honor guards, Xinhua reported.

Head-of-state diplomacy

The SCO Summit is an important multilateral international event for the Chinese top leader to attend ahead of the 20th National Congress of the Communist Party of China (CPC) in October and the G20 Summit later this year.

Wang Yiwei, director of the Institute of International Affairs at the Renmin University of China, told the Global Times on Thursday that the SCO is a new type of an international organization that upholds new ideas and views on security, development and international relations.

The SCO is playing a key role for member states to solve border issues, to jointly counter terrorism, separatism and religious extremism, also known as “three evils,” and to boost economic cooperation and interconnectivity, so it’s a great public good for the international community that China and other founding members contributed to, Wang said.

“At the moment, the world is still facing the threat of the old ideas like the Cold War mentality, the bloc-to-bloc confrontation, and decoupling between major economies, so the SCO is offering a significant alternative to the future international order and the ties between major powers,” Wang said, noting that this is also a key reason why the Chinese top leader has chosen the timing of the SCO Summit to conduct his first foreign visit since 2020.

The face-to-face summit allows leaders of member states to have more direct conversations and a full exchange of views, which is of great significance for the members to reach consensus and take joint actions on major international and regional issues in the context of the current unstable international situation, Deng said.

“Popularity of the Chinese head of state during the trip also proves that many countries have great confidence in China’s development, and they hope China could play a greater role to guide the future of the regional development,” Deng noted.

Empowered by GWM L.E.M.O.N. DHT, the New Energy Model HAVAL H6 HEV Makes its Debut at Rugby World Cup Sevens 2022

BAODING, China, Sept. 16, 2022 /PRNewswire/ — On September 9, HAVAL H6 HEV, equipped with GWM L.E.M.O.N. DHT, showed up at the Rugby World Cup Sevens 2022, which is the first new energy model that GWM debuted in the South African market.

Empowered by GWM L.E.M.O.N. DHT, the New Energy Model HAVAL H6 HEV Makes its Debut at Rugby World Cup Sevens 2022

Outside the Cape Town Stadium, HAVAL H6 HEV attracted a lot of audiences attention. Some of them said that they like the exterior of the model and inquired about the configuration and the launch date.

“We hope to tap in the new energy market of South Africa with it, bringing our consumers a brand-new driving experience of new energy vehicles. Soon, HAVAL H6 HEV will be available in South Africa,” said Conrad Groenewald, HAVAL South Africa Chief Operations Officer.

The model is equipped with GWM L.E.M.O.N. DHT, matched with a powertrain of a 1.5T engine and dual motors.

With intelligent switching of the control system, the model can reach a balance between power performance and fuel consumption in various scenarios. When driving on urban roads at a low speed, the vehicle can be driven in the EV or series mode to achieve a quick start and reduce fuel consumption.

This new energy model currently has been launched in Australia, Thailand, and other regions.

CarExpert, a famous Australian automobile media, commented after the test drive, “The HAVAL H6 HEV is a good hybrid SUV. It shuffles smartly between petrol and electric power to deliver a blend of performance and economy, and a surprising turn of speed when you need it.”

As shown in the sales data released by the company, HAVAL H6 HEV has ranked top in Thailand’s Class C SUV market for a total of 10 months since it had been launched as of the end of July this year.

The L.E.M.O.N. DHT is independently designed and developed by GWM, which has the advantages of being highly integrated, high-intelligent and high adaptability. Through an intelligent control system, it can automatically switch the driving modes, such as EV, parallel-series connection, series connection and energy recovery, based on the current driving scenarios.

This allows the vehicle to provide users with fuel-efficient driving experiences in urban conditions and powerful driving experiences at a high speed. The system can be equipped in both HEV and PHEV power architectures.

In August this year, GWM HAVAL officially announced that it has started an all-around transformation to the new energy track. The company plans to raise its sales proportion of new energy models to 80% by 2025.

HAVAL, backed by the GWM L.E.M.O.N. DHT, will produce more new energy SUVs for worldwide users, which not only can adapt to their using habits about fuel vehicles, but also relieve the anxiety of driving range and safety of the new energy vehicles.

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‫تجسد العلامة التجارية الجديدة والهوية المرئية التزام الشركة طويل الأمد تجاه المستثمرين الدوليين وتسليط الضوء على تفاني فريق الاستثمار وتركيزه على إنشاء حلول استثمارية مبتكرة منذ عام 1999. 

نيويورك، 16 سبتمبر 2022 / PRNewswire / — أعلنت شركة  InterVest Capital Partners ، المعروفة سابقًا باسم  Wafra Capital Partners ، وهي شركة رائدة في إدارة الاستثمار في قطاعات التمويل المهيكل ورائدة في المنتجات الاستثمارية المتوافقة مع الشريعة الإسلامية، عن تغيير علامتها التجارية الرئيسية اليوم.

InterVest logo with caption

بدأت  InterVest Capital Partners ، التي كانت سابقًا قسم التمويل المهيكل وتطوير الأعمال في شركة وفرة (“ WAFRA”) ، عملياتها في 1 يناير 2012، ككيان تشغيلي منفصل ومستشار استثمار مسجل في الولايات المتحدة تحت اسم  Wafra Capital Partners . تقدم العلامة التجارية هوية متباينة تختلف عن الشركة التابعة السابقة ( Wafra Inc .).

قال بوب تون، رئيس مجلس الادارة التنفيذي لشركة  InterVest Capital Partners : “تمثل علامتنا التجارية الجديدة فرصة لعرض نموذج الأعمال الفريد لشركة  InterVest Capital Partners  من حيث كيفية استثمار رأس مالنا الشخصي في الشركة وفي شركات محفظتنا”. “نريد دائمًا تعظيم التوافق بين جميع أصحاب المصلحة.”

وأضاف مايكل جونتار، الرئيس التنفيذي لشركة  InterVest Capital Partners : “تعد العلامة التجارية الجديدة علامة فارقة في رحلة شركتنا، وتجسد قيمنا الأساسية كمؤسسة”. “ InterVest Capital Partners  شريك ملتزم بكل ما في الكلمة من معنى. يأتي مستثمرينا دائمًا في المرتبة الأولى، وهو ما يتضح بوضوح من خلال سجلنا الحافل الذي يزيد عن 20 عامًا”.

ستواصل  InterVest Capital Partners  ادارة برنامج التأجير والتمويل الخاص بها، بعد أن أسست أكثر من 120 مركبة برأس مال ملتزم به يتجاوز ١٥ مليار دولار أمريكي منذ عام 1999. تم تكريم الفريق في مناسبات متعددة من قبل مجلة يوروموني كأفضل دار تأجير إسلامي.

 واصف  InterVest Capital Partners

InterVest Capital Partners ® هو مستشار استثمار مسجل لدى  SEC  ومقره نيويورك، ويركز على التمويل والتأجير القائمة على الأصول وقطاعات التمويل المهيكلة الأخرى. قبل 1 يناير 2012، كان فريق استثمار  InterVest Capital Partners  جزءًا من قسم التمويل المهيكل وتطوير الأعمال في مجموعة وفرة للاستشارات الاستثمارية (“ WIAG “). غيرت  WIAG  اسمها لاحقًا إلى  Wafra Inc .

منذ عام 1999، أنشأ برنامج التأجير والتمويل التابع للشركة أكثر من 120 صندوقًا برأس مال ملتزم به يتجاوز ١٥ مليار دولار أمريكي. حتى الآن، قامت جميع صناديق التمويل المهيكلة والقائمة على الأصول بتوزيع عائدها الحالي المستهدف وحققت عوائدها المستهدفة على المستثمرين. منذ عام 2004، أدارت الشركة سبعة صناديق عقارية دولية، وصندوق للتمويل العقاري وصندوق عالمي للأوراق المالية العقارية، وشاركت في إدارة أكثر من 18 صفقة عقارية سكنية ومكاتب. لمزيد من المعلومات حول  InterVest Capital Partners ، يرجى زيارة  www.intervest.com .

للتواصل الإعلامي 

  InterVest Capital Partners
425 Park Avenue, 35th Floor 

New York, NY 10022

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Wafra Capital Partners Rebrands as InterVest Capital Partners® 

The new brand and visual identity exemplify the firm’s long-standing commitment to international investors and highlight the investment team’s dedication and focus on creating innovative investment solutions since 1999.

NEW YORK, Sept. 16, 2022 /PRNewswire/ — InterVest Capital Partners, formerly known as Wafra Capital Partners, a leading investment manager in structured finance verticals and a pioneer of Sharia-compliant investment products, announced a major rebrand today.

InterVest logo with caption

InterVest Capital Partners, previously the Structured Finance and Business Development Divisions of Wafra, Inc. (“WAFRA”), commenced operations on January 1, 2012, as a separate operating entity and U.S. registered investment adviser under the name Wafra Capital Partners. The rebrand brings forth a differentiated identity, distinct from its former affiliate (Wafra Inc.).

“Our new brand represents an opportunity to showcase InterVest Capital Partners’ unique business model in terms of how we invest personal capital into the firm and into our portfolio companies,” said Bob Toan, Executive Chairman of InterVest Capital Partners. “We always want to maximize alignment for all of our stakeholders.”

“The new brand is a major milestone in our firm’s journey, embodying our core values as an organization,” added Michael Gontar, CEO of InterVest Capital Partners. “InterVest Capital Partners is a committed partner in every sense of the word. Our investors always come first, which is clearly demonstrated by our 20+ year track record.”

InterVest Capital Partners will continue to serve its Leasing and Finance Program, having established over 120 vehicles with committed capital exceeding USD15 billion since 1999. The team has been recognized on multiple occasions by Euromoney Magazine as Best Islamic Leasing House.

InterVest Capital Partners Descriptor

InterVest Capital Partners®  is an SEC registered investment adviser based in New York, focused on asset-based lending, leasing and other structured finance verticals. Prior to January 1, 2012, the InterVest Capital Partners Investment Team was part of the Structured Finance and Business Development Division of Wafra Investment Advisory Group (“WIAG”). WIAG has subsequently changed its name to Wafra Inc.

Since 1999, the firm’s Leasing and Finance Program has established over 120 funds with committed capital exceeding USD15 billion. To date, all asset-based and structured finance funds have distributed their target current yield and have achieved their target returns to investors. Since 2004, the firm has managed seven international real estate funds, a real estate debt fund and a global real estate securities fund, and co-managed over 18 multi-family and office real estate transactions. For more information about InterVest Capital Partners, please visit www.intervest.com.

Media Contact
InterVest Capital Partners
425 Park Avenue, 35th Floor
New York, NY 10022

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