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Bitcoin can be a game-changer within e-commerce sector

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If cryptocurrencies are to gain in adoption, popular coins like Bitcoin may soon need to start solving problems that are currently taken care of by traditional forms of finance. While it is unlikely that one coin will solve and cater to all of the world’s problems, recent developments among the altcoins have shown that the market is more than will to deploy divide the challenges and tackle them one at a time.

Bitcoin advocate – Andreas Antonopoulos in a recent interaction spoke about how cryptocurrencies like Bitcoin can be a relevant game-changer within the e-commerce industry and can help more users migrate to decentralized forms of payments that offer greater security. He noted that for companies that are planning to use crypto for payments can benefit immensely from solutions like extended public keys, he noted,

“If you want to give a fresh address to everybody who visits your website you’ll need something like BDC pay server…these systems do not store your private keys online. In fact, they don’t even need your private keys at all. Instead, what you give these programs is what is called an extended public key or xPUB.”

While it is possible to keep using the same Bitcoin address multiple times, there are privacy concerns involved according to Antonopoulos. Hower the use of extended public keys solves this problem without compromising the safety aspect of one’s funds especially in comparison to the usage of hot-wallets that can pose serious security threats to a business. He noted,

“The only thing on the website is an extended public key. And that’s how we can do e-commerce without using a hot wallet on a server, which is extremely vulnerable, whether you’re doing invoices and just copying a single Bitcoin address you do not have to risk your private keys with a hot wallet.”

Interestingly the crypto market has expanded significantly as more corporate users in the banking, financial services, and insurance [BFSI] sector get on board. A report that was published earlier in the year suggested that blockchain devices such as hardware wallets saw increased demand and is likely to increase in the coming years, as more business transition to crypto. It noted,

“As per the report, in 2019, the global blockchain devices market generated a revenue of $300 million and is projected to reach $23.5 billion by 2030, advancing at a 48.7% CAGR during the forecast period (2020-2030).”

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Source: https://eng.ambcrypto.com/bitcoin-may-be-a-safer-alternative-for-e-commerce-sector

Energy

Dorian LPG Ltd Provides Update for the Second Quarter 2021 and Announces Second Quarter 2021 Earnings and Conference Call Date

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STAMFORD, Conn., Oct. 22, 2020 /PRNewswire/ — Dorian LPG Ltd. (NYSE: LPG) (the “Company” or “Dorian LPG”), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), announced today that it had completed the repurchase of the Captain John NP from Japanese interests effective October 13, 2020. The debt balance paid off was approximately $18.3 million, and the transaction will not result in any gain or loss.

Separately the Company is providing the following preliminary data for the quarter ended September 30, 2020. The following unaudited financial data for the quarter ended September 30, 2020 is preliminary and based on information available to the Company at this time. The financial data has been prepared by and is the responsibility of the Company’s management and does not present all information necessary for an understanding of the Company’s financial condition as of September 30, 2020 and its results of operations for the three months ended September 30, 2020. The Company has not finalized its financial statement closing process for the quarter ended September 30, 2020. During the course of that process, the Company may identify items that would require it to make adjustments, which may be material to the information provided below. As a result, the information below constitutes forward-looking statements and is subject to risks and uncertainties, including possible adjustments to the preliminary results disclosed below. The Company is providing this information on a one-time basis only and does not intend to update this information prior to the final release for the quarter ending September 30, 2020. Except as otherwise provided herein, capitalized terms used herein but not otherwise defined herein shall have the meanings set forth in the Company’s Annual Report on Form 10-K. Based on information available to the Company at this time, the Company expects that for the quarter ending September 30, 2020:

Time Charter Equivalent (1) revenues
to be between


$53,000,000  —  $55,000,000




Total Vessel operating expenses
(including drydock-related expenses)
to be between


$21,000,000  —  $22,000,000




Calendar Days 


2,024

Available Days 


2,126

Operating Days


2,070

Utilization Rate


97.4%


(1)

Time Charter Equivalent (“TCE”) is a non-U.S. GAAP measure. Refer to the reconciliation of
revenues to TCE revenues included in this press release below.

Reconciliation to Non-GAAP Financial Information

Time Charter Equivalent Revenues

TCE revenues are a shipping industry non-U.S. GAAP measure of the revenue performance of a vessel used primarily to compare period–to–period changes in a shipping company’s performance despite changes in the mix of charter types (such as time charters, voyage charters) under which the vessels may be employed between the periods. The Company’s method of calculating TCE revenues is to subtract voyage expenses from shipping revenues for the relevant time period, which may not be calculated the same by other companies.

TCE revenues are  not a recognized measure under U.S. GAAP and should not be regarded as a substitute for revenues. The Company’s presentation of TCE revenues does not imply, and should not be construed as an inference, that its future results will be unaffected by unusual or non-recurring items and should not be considered in isolation or as a substitute for a measure of performance prepared in accordance with U.S. GAAP.

The following table sets forth a reconciliation of revenues to TCE revenues (unaudited) for the period presented:



(in U.S. dollars)



Three months ended




      September 30, 2020 (2)


Revenues


$

55,000,000


Voyage expenses



(1,000,000)


TCE revenues


$

54,000,000


(2) Based on the midpoint of the preliminary projection for the second quarter ended September 30, 2020 included herein.

The Company will also issue a news release on Monday, November 2, 2020 prior to the market open, announcing its financial results for the second quarter ended September 30, 2020.

A conference call to discuss the results will be held the same day at 10:00 a.m. ET. The conference call can be accessed live by dialing 1-877-407-9716, or for international callers, 1-201-493-6779, and requesting to be joined into the Dorian LPG call.

A replay will be available at 1:00 p.m. ET the same day and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 13712107. The replay will be available until November 9, 2020, at 11:59 p.m. ET.

A live webcast of the conference call will also be available under the investors section at www.dorianlpg.com.

About Dorian LPG Ltd.

Dorian LPG is a liquefied petroleum gas shipping company and a leading owner and operator of modern VLGCs. Dorian LPG’s fleet currently consists of 24 modern VLGCs. Dorian LPG has offices in Stamford, Connecticut, USA; London, United Kingdom; Copenhagen, Denmark; and Athens, Greece.

Visit our website at www.dorianlpg.com

For further information:

Dorian LPG Ltd.
Ted Young
Chief Financial Officer
(203) 674-9900
[email protected]

Source: Dorian LPG Ltd.

SOURCE Dorian LPG Ltd.

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https://www.dorianlpg.com

Source: https://www.prnewswire.com:443/news-releases/dorian-lpg-ltd-provides-update-for-the-second-quarter-2021-and-announces-second-quarter-2021-earnings-and-conference-call-date-301157597.html

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Energy

SK Innovation Declares Ambition to ‘Lead the Efforts for Battery Safety, Charging Speed and Driving Range’ at InterBattery 2020

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The company has prepared for the exhibition with the pursuit of a strategy toward developing a model for win-win growth by contributing to building an ecosystem for battery-related industries, including E-mobility, not simply being a battery manufacturer. 

To showcase its status as a battery supplier equipped with the most cutting-edge technology in the industry, the company is determined to show its competitive advantages in three most crucial factors in batteries: fire safety of batteries, high-speed charging and batteries for long-range driving.

SK Innovation added that it will highlight in the exhibition its batteries can contribute to earning customer and market trust and developing industries using batteries such as E-mobility and electricity storage, including ESS. By doing so, the company said the highlight will be in line with the “SK Inside” strategy it unveiled in CES 2020 in Las Vegas which shows its commitment to making its batteries the battery of choice to consumers.

Being consistent with the commitment, the company’s exhibition slogan is “Safer than ever, Faster than ever, Longer than ever.” Under the slogan, SK Innovation introduces “Battery for Next Generation,” which the company pursues to develop. The company went on to explain the slogan represents its promise to the battery-related industries, including the EV industry as a battery supplier.

With its first order from a global customer in 2009, SK Innovation began supplying batteries in 2010. At this year’s exhibition, the company stresses any of its customers, including providers of ESS or electric vehicles using SK batteries, have never experienced a battery fire incident, positioning itself as a supplier that places safety as a top priority.

The long-cherished desire in the EV industry is high-speed charging. To fulfill the desire, SK Innovation has been developing batteries that only require charging twice for 10 minutes each time to provide enough power for an EV to run from Seoul to Busan in a round trip (260 miles). The battery supplier expects it can complete the development by as early as the end of this year or the first half of next year. Once such batteries with high usage are developed, they can play a significant role in the spread of EVs.

SK Innovation developed NCM9½½ for the first time in the industry following NCM622 and 811, which it also developed and mass-produced for the first time in the industry. Based on its technological capacity demonstrated by the development, the companied decided to concentrate its capacity on long-life batteries that enable long-range driving. SK Innovation also successfully conducted the industry’s first test-driving that went on 1,000 km under the most optimal driving conditions. The long-range driving is enabled and supported by the technology using high-density nickels as well as the company’s own technology that does not cause battery efficiency issues even after more than a thousand times of charging and discharging.   

To present the importance of the technologies in detail in the exhibition, SK Innovation will introduce six themes. These include the history and major achievements of the company’s EV battery business, global partnership, “Next Battery” and its battery technology differentiated from others, key achievements in its global business and manufacturing processes, a blue print for future energy-focused circular economy through BaaS (Battery as a Service) and social values associated with the battery business.

Since the development of its first lithium-ion batteries in 1996, SK Innovation has written a history of being the industry’s first in development, such as development of batteries on HEV, PHEV and BEV as well as in mass production of NCM622, NCM811 and NCM9½½. These examples of the company’s history and main achievements in its battery business will be also on display. SK Innovation will also exhibit global EVs with its batteries mounted on.

“SK Innovation has made a huge investment in R&D to become a total energy solution provider since 1982,” said Su-Kil Lim, SK Innovation Vice President of Public Relations. “We will unveil most notable examples of our capacity recognized by our global partners in the exhibition. By sharing the future of batteries with the market and customers, we will create an opportunity to grow together with a variety of ecosystems including EVs.”

SOURCE SK Innovation

Source: https://www.prnewswire.com:443/news-releases/sk-innovation-declares-ambition-to-lead-the-efforts-for-battery-safety-charging-speed-and-driving-range-at-interbattery-2020-301157794.html

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Energy

Canada Nickel Makes Third New Discovery at Crawford Nickel-Cobalt Sulphide Project

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“This is yet another exciting discovery on the Crawford Nickel-Cobalt Sulphide project with a geophysical footprint larger than the Main Zone,” said Mark Selby, Chair and CEO of Canada Nickel. “These drill holes intersected mineralization consistent with what we’ve seen in the Crawford Main Zone, and reinforces our geophysical understanding of Crawford’s mineralization.  I look forward to seeing these assay results and our continued exploration results as we continue to unlock the potential at Crawford.”

The Crawford Nickel-Cobalt Sulphide Project is located in the heart of the prolific TimminsCochrane mining camp in Ontario, Canada, and is adjacent to well-established, major infrastructure associated with over 100 years of regional mining activity.

West Zone Discovery

The four holes intersected mineralized dunite (three of four holes both collared and ended in dunite), consistent with mineralization seen in the Crawford Main Zone, across a width of 800 metres and strike length of 425 metres.  The final 21 metres in the fourth hole intersected disseminated mineralization with sulphide blebs (see Figure 1 for images from the 352.5 metre and 370 metre locations from this hole) approximately 850 metres along strike from the westernmost portion of the Main – Higher Grade Zone.  The 2.5 km by 400-800 metre wide gravity anomaly in the West Zone is larger in area that the 1.8 km by 100-300 metre gravity anomaly in the Main Zone and confirms the Company’s understanding of gravity anomalies as a guide to mineralization.  See Figure 1 and Table 1 and 2 for assays, and location and position of holes relative to gravity anomaly.

Table 1 – West Zone Nickel – Drilling Results, Crawford Nickel-Cobalt Sulphide Project, Ontario

DDH ID

From

To

Length

Estimated
True Width

Ni

Co

Pd

Pt

S

Fe


(m)

(m)

(m)

(m)

(%)

(%)

(g/t)

(g/t)

(%)

(%)












CR20-69

45.0

501.0

456.0

na

assays pending












CR20-70

46.2

541.0

494.8

na

assays pending












CR20-71

48.0

594.0

546.0

na

assays pending












CR20-72

46.5

342.0

295.5

na

assays pending

CR20-72

342.0

372.0

30.0

na

0.29

0.014

0.043

0.023

0.07

7.38

including

351.0

372.0

21.0

na

0.31

0.014

0.045

0.026

0.09

7.37

Note: All holes drilled at a 50 degree inclination.  The lengths reported are core lengths and not true widths. Canada Nickel has insufficient information to determine the attitude, either of the ultramafic body or of mineralized zones within it. True widths will be less than the core lengths by a number of factors.

Figure 1 – West Zone Discovery Holes CR20-69 through CR20-72 over top of gravity gradient
(Crawford Township airborne gravimetric survey completed in 2018)

Table 2 – Drill Hole Orientation, Crawford Nickel-Cobalt Sulphide Project, Ontario

DDH ID

Easting

Northing

Dip

Azimuth

Length


(mE)

(mN)

(°)

(°)

(m)

CR20-69

470960.0

5409690.0

-50

90

498.6

CR20-70

471420.0

5409815.0

-50

270

156.0

CR20-71

471418.9

5409821.7

-50

315.1

594.1

CR20-72*

471555.9

5409818.6

-50

90

372.1

Conference Call Details

Canada Nickel is hosting a live Q&A conference call on October 22 at 10:00 a.m. Eastern time (7:00 a.m. Pacific time).  Participants may join the call by dialing:

Local: Toronto: 416-764-8688

North American Toll Free: 888-390-0546

Webcast URL: https://produceredition.webcasts.com/starthere.jsp?ei=1389471&tp_key=79c1b4fb17

A playback version will be available for two weeks after the call at +1-416-764-8677 (local or international) or toll free at +1-888-390-0541 (passcode 442999).

Assays, Quality Assurance/Quality Control and Drilling and Assay Procedures

William E. MacRae, MSc, P.Geo., a “qualified person” as defined by NI 43-101, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The core is collected from the drill in sealed core trays and transported to the core logging facility. The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. Samples are bagged with QA/QC samples inserted in batches of 35 samples per lot. Samples are transported in secure bags directly from the Canada Nickel core shack to Actlabs Timmins, an ISO/IEC 17025 accredited lab. Analysis for precious metals (gold, platinum and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and 17 other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks are inserted at a rate of one QA/QC sample per 32 core samples making a batch of 35 samples that are submitted for analysis.

Qualified Person and Data Verification

Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a “qualified person” as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets.  Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions.  Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific TimminsCochrane mining camp.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill results relating to the Crawford Nickel-Cobalt Sulphide Project, the potential of the Crawford Nickel-Cobalt Sulphide Project, timing of economic studies and resource estimates, strategic plans, including future exploration and development results, and corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future  demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, timing of the updated resource estimate, risks of the mining industry, delays in obtaining governmental approvals, and failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Canada Nickel Company Inc.

Source: https://www.prnewswire.com:443/news-releases/canada-nickel-makes-third-new-discovery-at-crawford-nickel-cobalt-sulphide-project-301157508.html

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