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Charles Hoskinson Says No More Interviews If Called ETH Co-Founder

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Charles Hoskinson says that he won’t be giving any more interviews if he gets called the Ethereum co-founder. In the latest Cardano news today, we take a closer look at his statement.

Charles Hoskinson says that people should know him as the co-founder of IOHK (Input Output Hong Kong) and not to get him associated with Ethereum. In a recent Twitter post, he said that the doesn’t want people to refer to him as the co-founder of Ethereum. Hoskinson was on the team that worked on Ethereum and was still there once it became the second-largest blockchain-based platform. However, he stated that he doesn’t want to be referred to as the ETH co-founder.

IOHK is a company that started with Jeremy Wood back in 2015 and it aims to create peer-to-peer innovations that provide decentralized services. While IOHK is doing a lot of research on the tools that are needed to improve the architecture of the cryptocurrencies, the two projects that are the most popular in the organization are Cardano and Ethereum Classic. He also argued that he spent half of the year working on Ethereum while most of his efforts have been spent on IOHK:

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 “I started IOHK back in 2015. We have over 240 employees in more than 40 countries, government contracts, grants from the EU, built several cryptocurrencies, have the largest CC research group in the world with more than 60 papers. Beats six months at Ethereum.”

Taking it a step further, Hoskinson changed his Reddit username and now goes under the name IOGCharles. He even provided cryptographic proof from his PGP email key. Some members of the community blamed him that he uses his titles selectively. They asserted that he was referring to himself as the CEO of IOHK, founder of Cardano and Ethereum, altogether.

IOHK

IOHK established a new Cardano research center at the University of Wyoming after receiving a donation of $500,000 in the ADA cryptocurrency. The center will feature the new Plutus development facility which provides the blockchain developers with a new laboratory for writing code in Cardano’s smart contract language along with new tools and resources that will experiment with new solutions. Wyoming is a very attractive destination for the US-based crypto companies that want to take the crypto-friendly legislation of the state that formally recognized digital assets and provides financial services to companies.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/cardano-news/charles-hoskinson-says-no-more-interviews-if-called-eth-co-founder/

Esports

Haksal retires from professional Overwatch

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The New York Excelsior announced today that DPS Kim “Haksal” Hyo-jong would be retiring from professional Overwatch, surprising many longtime fans of the illustrious Genji player. His future plans beyond the Overwatch League have not been announced. 

Haksal began his professional journey  as a part of RunAway, one of the most successful teams in Overwatch Contenders Korea. He quickly built up a reputation for being one of the most flex DPS players in the region, constantly scoring multiple kills on his signature hero, Genji. 

He joined the Overwatch League as a part of the Vancouver Titans in 2019 when the organization picked up the RunAway roster. Across multiple metas, Haksal excelled on both DPS heroes and support hero Brigitte, coming in clutch on an off role when his team needed him the most. Because of these accolades, he was given the league’s first Rookie of the Year award for the 2019 season.   

After the Vancouver Titans organization dropped the team’s all-Korean roster in early 2020, Haksal was quickly picked up by the New York Excelsior. During the 2020 season, Haksal got to bring out his signature Genji as well as other heroes within his repertoire. The New York Excelsior narrowly missed a chance to go to the 2020 Grand Finals after losing to the Seoul Dynasty in the lower bracket finals. 

Other than wishing him the best on his “next adventure,” the NYXL did not comment on Haksal’s reasons for retirement or his future plans. This is the first player release or acquisition for the Excelsior during the 2020 offseason.  

Source: https://dotesports.com/overwatch/news/haksal-retires-from-professional-overwatch

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Energy

CO.R.D.A.R Valsesia adopt innovative Israeli wastewater data solution to reduce water degradation in the Italian Alps

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The pioneering deal was coordinated by Kando’s local commercial and operational partners, B.M Tecnologie, entirely remotely during the COVID-19 pandemic.

CO.R.D.A.R Valsesia provides water services to around 40,000 residents, with its Vintebbio wastewater treatment plant (WWTP) discharging around 17,000m3 of wastewater to the Sesia River each day – the local drinking water source.

The consolidation of local wastewater services in 2017 saw an increased number of industrial sites integrated into CO.R.D.A.R Valsesia’s service area. Since then, the utility has experienced an uptick in heavy metal and organic loads at its central Vintebbio WWTP.

Kando’s solution will simultaneously enable CO.R.D.A.R Valsesia to minimize pollution events and mitigate their affects. Real-time network condition data will be transmitted live to Kando’s cloud-based analytics engine. There, the firm’s proprietary algorithms will generate actionable insights. With increased knowledge of when pollution events are happening and from where they are coming, the utility can adapt its treatment processes to meet real-world needs and reduce future pollution events.

Ari Goldfarb, CEO of Kando, comments: We’re delighted to be working with CO.R.D.A.R Valsesia: a utility committed to maximizing efficiency and building environmental sustainability into their working practices, all while delivering the best possible service to their customers.

Media Contact

Jenny Gelman – Head of Communications, Kando

[email protected]

About Kando:
More on www.kando.eco 

About CO.R.D.A.R Valsesia:
Please visit www.cordarvalsesia.it 

SOURCE Kando

Related Links

https://www.kando.eco/

Source: https://www.prnewswire.com:443/news-releases/cordar-valsesia-adopt-innovative-israeli-wastewater-data-solution-to-reduce-water-degradation-in-the-italian-alps-301156432.html

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Energy

Commencement of Cash Tender Offer for Ascent Resources Utica Holdings, LLC’s and ARU Finance Corporation’s 9.00% Senior Notes due 2027

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OKLAHOMA CITY, Oct. 20, 2020 /PRNewswire/ — Certain affiliates of The Energy & Minerals Group (“EMG”), First Reserve Management, L.P. (“First Reserve”) and Riverstone Holdings LLC (“Riverstone”), and certain other entities (collectively, the “Offerors”) today announced the commencement of a modified “Dutch Auction” tender offer (the “Offer”) for a portion of Ascent Resources Utica Holdings, LLC’s and ARU Finance Corporation’s outstanding 9.00% Senior Notes due 2027 (the “Notes”).

Title of Security

CUSIP Number

Principal Amount
Outstanding(1)

Tender Cap

Early Tender
Payment (2)

Total Consideration
Acceptable Range (2) (3)

9.000% Senior Notes
due 2027

04364VAK9,
U04354AD5,
04364VAM5

$348,261,000

$60,000,000

$50.00

$800.00 to $850.00


(1)    Aggregate principal amount outstanding as of October 19, 2020.

(2)    Per $1,000 principal amount of Notes accepted for purchase.

(3)    Includes the Early Tender Payment.

The Offerors are offering to purchase, for cash, an aggregate principal amount of Notes that would result in a maximum aggregate payment amount of up to $60.0 million (inclusive of Accrued Interest (as defined below)) (the “Tender Cap”), in accordance with the modified “Dutch Auction” procedures described below and upon the terms and subject to the conditions set forth in the Offer to Purchase, dated October 20, 2020 (as it may be amended or supplemented from time to time, the “Offer to Purchase”).

Holders must validly tender and not validly withdraw their Notes at or prior to 5:00 p.m., New York City time, on November 2, 2020, unless extended by the Offerors in their sole discretion (such date and time, as the same may be extended, the “Early Tender Date”), in order to be eligible to receive the Total Consideration for their Notes. The “Total Consideration” payable in cash for each $1,000 principal amount of Notes validly tendered (and not validly withdrawn) and accepted for purchase by the Offerors pursuant to the Offer (subject to proration) will be equal to the Clearing Price (as defined below) determined on or prior to the Early Acceptance Date (as defined below). The Total Consideration will include an amount (the “Early Tender Payment”) equal to $50.00 in cash per $1,000 principal amount of Notes tendered and accepted for purchase. The “Tender Offer Consideration” for each $1,000 principal amount of Notes validly tendered (and not validly withdrawn) pursuant to the Offer after the Early Tender Date and at or prior to the Expiration Date and accepted for purchase by the Offerors pursuant to the Offer (subject to proration) will consist of the Total Consideration (which will be equal to the Clearing Price) less the Early Tender Payment.

In addition, holders validly tendering their Notes (and not validly withdrawing their Notes) will be paid all accrued and unpaid interest on those Notes from the date of issuance of such Notes to, but not including, the applicable settlement date, as the case may be (“Accrued Interest”). However, the sum of the aggregate Total Consideration or the Tender Offer Consideration, as applicable, and the aggregate Accrued Interest will not exceed the Tender Cap.

The Offerors will pay the same price (subject to adjustment, as described below) for all Notes validly tendered at or below the Clearing Price and accepted for purchase by the Offerors in the Offer, except the price paid for Notes validly tendered after the Early Tender Date but at or prior to the Expiration Date (and not validly withdrawn) and accepted for purchase by the Offerors (if any) will be reduced by the Early Tender Payment set forth above.

The Offer will expire at 11:59 P.M., New York City time, on November 17, 2020, unless extended or earlier terminated by the Offerors in their sole discretion (such date and time, as the same may be extended, the “Expiration Date”). Notes tendered may be validly withdrawn at any time at or prior to 5:00 p.m., New York City time, on November 2, 2020, unless extended by the Offerors in their sole discretion (such date and time, as the same may be extended, the “Withdrawal Date”), but not thereafter, except in the limited circumstances discussed in the Offer to Purchase. The Offerors reserve the right to amend, extend or terminate the Offer at any time. The Offer is subject to the satisfaction of certain conditions as described in the Offer to Purchase.

The Offer is being conducted as a modified “Dutch Auction.” Holders who elect to participate may specify the price they would be willing to receive in exchange for each $1,000 principal amount of Notes they tender in the Offer. The price that holders specify for each $1,000 principal amount of Notes must be in increments of $2.50, and must be within a range of $800.00 (the “Minimum Offer Price”) to $850.00 (the “Maximum Offer Price”) per $1,000 principal amount of Notes. Holders who do not specify a price will be deemed to have specified a price equal to the Minimum Offer Price in respect of Notes tendered and to accept the Clearing Price determined by the Offerors. Tenders of Notes for which a price is specified below the Minimum Offer Price will be deemed to have specified the Minimum Offer Price. Tenders of Notes for which a price is specified in excess of the Maximum Offer Price will not be accepted and will not be used for the purpose of determining the Clearing Price. Tenders of Notes for which a price is specified other than in whole increments of $2.50 will be rounded down to the nearest $2.50 increment.

The Offerors, if they accept Notes in the Offer, will accept Notes validly tendered (and not validly withdrawn) on or prior to the Early Tender Date in the order of the lowest to the highest tender prices specified by tendering holders (in increments of $2.50), and promptly following the Early Tender Date (the “Early Acceptance Date”) will select the single lowest price (the “Clearing Price”) per $1,000 principal amount of Notes to enable the Offerors to purchase the principal amount of Notes that would result in an aggregate payment amount equal to the Tender Cap (or, if the aggregate payment amount would be less than the Tender Cap, all Notes so tendered).

If at the Early Tender Date the aggregate principal amount of the Notes validly tendered at or below the Clearing Price (and not validly withdrawn) would result in an aggregate payment amount that exceeds the Tender Cap and the Offerors elect to accept any Notes validly tendered (and not validly withdrawn) on or prior to the Early Tender Date, then on the Early Acceptance Date, subject to the terms and conditions of the Offer, the Offerors will accept for purchase, first, Notes validly tendered (and not validly withdrawn) at prices (in increments of $2.50) below the Clearing Price and, thereafter, Notes validly tendered (and not validly withdrawn) at the Clearing Price on a prorated basis according to the principal amount of such Notes and all Notes accepted for purchase will be purchased at the Clearing Price.

All Notes not accepted on the Early Acceptance Date as a result of proration and all Notes tendered at prices in excess of the Clearing Price will be rejected from the Offer and will be returned to tendering holders at the Offerors’ expense promptly following the earlier of the Expiration Date or the date on which the Offer is terminated.

If the Offer is not fully subscribed as of the Early Tender Date, all Notes validly tendered at or prior to the Early Tender Date may be accepted without proration, provided the conditions to the Offer are satisfied or waived by the Offerors. Any Notes validly tendered after the Early Tender Date and at or prior to the Expiration Date may be accepted subject to proration in accordance with the terms of the Offer in the event that the aggregate principal amount of all Notes tendered as of the Expiration Date would result in an aggregate payment amount that exceeds the Tender Cap.

If the Offerors exercise their right to elect following the Early Tender Date and prior to the Expiration Date to accept any Notes validly tendered (and not validly withdrawn) on the Early Acceptance Date, then the settlement of the Offer is expected to occur on November 4, 2020. If the Notes validly tendered (and not validly withdrawn) are accepted after the Expiration Date, then the settlement of the Offer is expected to occur on November 19, 2020.

The terms and conditions of the Offer are described in the Offer to Purchase. Questions regarding the Offer may be directed to J.P. Morgan Securities LLC at (866) 834-4666 (U.S. toll-free) and (212) 834-2045 (collect). Copies of the Offer to Purchase may be obtained from the Tender and Information Agent for the Offer, D.F. King & Co., Inc. at (877) 732-3614 (U.S. toll-free) and (212) 269-5550 (banks and brokers call).

This press release is for informational purposes only. This announcement does not constitute an offer to purchase or a solicitation of any offer to sell Notes or any other securities or a notice of redemption. The Offer is being made solely by the Offer to Purchase, dated October 20, 2020.

The Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Offer to be made by a licensed broker or dealer, the Offers will be deemed to be made on behalf of the Offerors, as the case may be, by the dealer manager, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

About The Energy & Minerals Group

EMG has approximately $10 billion of regulatory assets under management and approximately $12 billion in commitments have been allocated across the energy sector since inception.

About First Reserve Management, L.P.

First Reserve has raised over $32 billion of aggregate capital since inception and completed approximately 700 transactions (including platform and add-on acquisitions). Its portfolio companies have operated on six continents spanning the energy spectrum from upstream natural gas and oil to midstream and downstream, including resources, equipment and services and associated infrastructure.

About Riverstone Holdings LLC

Riverstone is an energy and power-focused private investment firm with $41 billion of capital raised to date and the firm has committed over $41 billion to more than 195 investments in North America, South America, Europe, Africa, Asia and Australia.

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Forward-looking statements in this press release include, but are not limited to, statements regarding the anticipated pricing and timing of the Offer. These statements are not guarantees of future performance and are subject to known and unknown risks and uncertainties. Actual results may vary materially from those expressed or implied in this press release. These statements are made as of the date of this press release and the Offerors undertake no duty or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact 

Matthew R. Pacey, P.C. 
Kirkland & Ellis LLP
(713) 836-3600
[email protected]

SOURCE Ascent Resources, LLC

Related Links

http://www.ascentresources.com

Source: https://www.prnewswire.com:443/news-releases/commencement-of-cash-tender-offer-for-ascent-resources-utica-holdings-llcs-and-aru-finance-corporations-9-00-senior-notes-due-2027–301156414.html

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