Day: August 25, 2022

MAJURO, Marshall Islands, Aug. 25, 2022 /PRNewswire/ — Gate.io Group has announced the launch of its over-the-counter trading platform Gate OTC, which will provide fully-licensed OTC crypto trading services catered to institutions and high-net-worth individuals. Services are offered in various countries around the world, supporting several mainstream cryptocurrencies.

The launch of Gate OTC comes as Gate MENA DMCC acquired a license from the Dubai Multi Commodities Centre (DMCC) to engage in proprietary trading in crypto commodities. All services comply with United Arab Emirates regulations, including KYC, AML, and CFT regulatory standards.

Tom Yang, EVP at Gate.io Group, said, “We’ve seen an increase in demand for high-quality OTC services, especially from big players entering crypto from traditional finance. To meet our existing and future clients’ ever-growing needs, we’ve launched a dedicated and robust OTC platform with security, comprehensivity, and convenience at its core.”

Gate OTC will facilitate large block trades while retaining privacy and minimizing the impact on market price. OTC trading offers an alternative to executing large trades on the buy/sell market order book. Large order book trades can have heavy price impacts, long execution times, and increased risk. By transacting directly with the OTC platform, investors can better avoid such risks, as trades are based on quotes with locked-in pricing and executed independently of the order books.

The new platform features 24/7 one-on-one professional advisor support and on-demand customer service. Additionally, to bolster the platform’s security and regulatory compliance measures, Gate OTC partners with leading firms such as Cynopsis Solutions and Coinfirm.

To learn more or to apply for a Gate OTC account, users can email otc@gate.io

About Gate.io Group

Established in 2013, Gate.io Group is one of the pioneers in the crypto industry. It has established a comprehensive ecosystem, which includes a cryptocurrency exchange, public blockchain, decentralized finance, research and analysis, venture capital investing, wallet services, startup incubator labs and more.

Gate.io is a leading global cryptocurrency exchange under Gate.io Group. Gate.io offers services related to the trading of multiple leading digital assets, and it has grown to serve over 10 million users around the world. It has been consistently ranked as one of the top 10 cryptocurrency exchanges based on liquidity and trading volume on CoinGecko and has received a rating of 4.5 by Forbes Advisor, making it one of the Best Crypto Exchanges for 2021.

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An automated filter system can identify and filter out invasive Pacific salmon to prevent them from overwhelming and wiping out Norway’s wild Atlantic salmon.

OSLO, Norway, Aug. 25, 2022 /PRNewswire/ — Huawei and local partner Berlevåg Jeger-og Fiskerforening (BJFF) have successfully deployed an AI-powered filtering system in Norway’s Storelva River that allows Atlantic salmon to pass upstream and filters Pacific salmon – an invasive species – into a holding tank.

Pacific salmon – also known as humpback salmon – were introduced into Russia’s White Sea in the 1950s. Quickly making their way down Norway’s coast, they began wreaking havoc on the local ecosystem. Alongside introducing new diseases, the invader’s rapid reproduction cycle and aggressive competition for food threatens to overwhelm Atlantic salmon in hundreds of rivers along Norway’s coastline.

In June 2022 under Huawei’s TECH4ALL initiative, Huawei and BJFF  deployed the filtering system to prevent Pacific salmon from entering the upstream channel of Norway’s river system. A mechanical gate allows local Atlantic salmon and Arctic red-spotted salmon to continue upstream to complete their migratory spawning process. The invasive species is diverted to a holding tank for subsequent removal.

“This is a unique innovation, both in Norway and globally. With this high-tech solution, we have complete control of the river. Local river managers and local and central administrations along the coast have also shown great interest in the project,” said BJFF President Geir Kristiansen.

The demand for a solution was urgent, and one shared by the community, government departments, regulators, river owners, and the aquaculture industry – wild Atlantic salmon are an integral part of Norway’s identity, culture, and economy. In recent years, however, the number of Pacific salmon caught in Norway’s rivers by sports anglers has skyrocketed. In 2019, 13,900 were caught, jumping to a record-breaking 111,700 in 2021 – 57% of all salmon caught in Norway. While almost all were in Troms and Finnmark, Pacific salmon catches have been recorded in every county.

In contrast, numbers of the native wild salmon have declined by a quarter from peak levels. The invasive species is largely responsible, with escaped and less genetically diverse farmed salmon exacerbating the problem by weakening the Atlantic salmon’s genome after interbreeding.

“Norway’s wild salmon are threatened by other species, including humpback salmon and escaped farmed salmon. The monitoring system using AI is helping to stop this and enable future-proof river management,” said BJFF Administrator Tor Schulstad.

The data collected can also reveal accurate patterns of migratory behavior, monitor different types of fish populations, provide information for further research, and help develop measures to stop overfishing.

“Installing a diversion system in a turbulent river is an extremely challenging task. I was impressed with the efforts of our partners, BJFF, and the local community. Here, people aspire to prove the role that good management has in saving rivers from environmental disasters,” said Vegard Kjenner, Technical Director at Huawei Norway.

As a world first, the solution had to be designed from scratch. In early 2021, algorithms were designed based on Huawei’s machine vision technology to identify different fish species. Then in July 2021, Huawei and BJFF deployed a monitoring station equipped with an underwater camera in Storelva River. Providing a continuous video stream, the hardware coupled with the algorithm identifies Atlantic salmon with an accuracy of 91% and cuts manual labor requirements by 90%. Traditional methods are labor-intensive, relying on volunteers to stand in the river and identify Pacific salmon with the naked eye, mainly by the spots on their tails. This makes it hard to quantify the threat – many fish are missed and their sex is impossible to determine.

The next step is to deploy the solution in Norway’s salmon farms to reduce the environmental harm caused by escaped farmed fish.

About TECH4ALL
TECH4ALL is a long-term initiative and action plan that Huawei launched to promote digital inclusion. Its primary goal is to ensure that no one is left behind in the digital world. Huawei works with customers and partners to promote digital inclusion and sustainable development in four domains – education, environment, health, and development.

Read more about Huawei’s TECH4ALL Tech4Nature projects:
https://www.huawei.com/en/tech4all/environment

And follow us on: https://twitter.com/HUAWEI_TECH4ALL

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Company Aims to Bring Greater Interconnectivity, Safety and Security to Customers

SEOUL, South Korea, Aug. 25, 2022 /PRNewswire/ — LG Electronics (LG) has been named to the Board of Directors of the Home Connectivity Alliance (HCA), an organization dedicated to delivering better smart home experiences through open collaboration and innovation.

Founded in 2022 and comprising a number of smart home solution manufacturers, the alliance aims to provide a safe, secure and interoperable connected home ecosystem. In addition to LG, its membership includes about 13 global brands including Samsung, Arçelik, Electrolux, Haier, GE Appliances, and Trane Technologies. The alliance seeks to enable seamless compatibility of diverse devices and services from different brands through developing and implementing guidelines for Cloud-to-Cloud (C2C) interoperability.

As a board member of the alliance, LG will soon bring its customers the convenience of being able to control and monitor other alliance members’ smart home solutions from using the LG ThinQ app.

“We’re happy to have LG join our Board of the alliance. As the industry leader, LG understands that interoperability is essential to a truly seamless smart home experience and we are thrilled to have them join the alliance,” said Yoon Ho Choi, President of Home Connectivity Alliance. “Leveraging the collective insights and experiences of our global board members, we will continue to advance the evolution of the connected home and provide consumers with an easier, smarter way of living.”

“We are very pleased to join the board of the Home Connectivity Alliance and excited to work with like-minded companies,” said Lyu Jae-cheol, president of the LG Electronics Home Appliance & Air Solution Company. “The decision to join is consistent with LG’s commitment to open innovation and collaboration, and commitment to provide consumers with more choice and greater convenience in their daily lives and drive the future of the connected home experience.”

During IFA 2022 in September, LG and other alliance members exhibiting in Berlin will offer visitors a first look at the cross-brand interoperability of their latest smart home solutions.

About LG Electronics Home Appliance & Air Solution Company

The LG Home Appliance & Air Solution Company is a global leader in home appliances, smart home solutions, air solutions as well as visionary products featuring LG ThinQ AI. The company is creating various solutions with its industry leading core technologies and is committed to making life better and healthier for consumers by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and compelling health benefits. For more news on LG, visit www.LGnewsroom.com.

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CONTACT: LG Electronics, Inc. Léa Lee, +82 2 3777 3981, lea.lee@lge.com, www.LGnewsroom.com; LG Electronics, Inc., Jenny Shin, +82 2 3777 3692, jungin.shin@lge.com, www.LGnewsroom.com

JUPITER, Fla., Aug. 25, 2022 /PRNewswire/ — U.S. Immigration Fund, LLC (“USIF”) one of the largest EB-5 Regional Center operators in the United States with over 5,000 EB-5 investors and over $2.9 Billion in EB-5 capital, is thrilled to announce the notice of receipt (known as Form I-956F) from U.S. Citizenship and Immigration Services (“USCIS”) has been secured for its latest project, The Wave Spa. Project approval from USCIS verifies that USIF properly filed the Wave Spa’s application.

Under the new Reform and Integrity Act of 2022, now that USIF has received their receipt of I-956F, individual EB-5 investors can now immediately file their I-526E petitions for The Wave Spa with USCIS and the guidance of their immigration attorney.

• This project qualifies as a single census tract high unemployment area based on U.S. Census Data – requiring no aggregation of census tracts, thus qualifying for the 10% set-asides for high-unemployment areas.
• No visa waiting lists apply to investors from any country based on investments in high unemployment areas through September 2022.
• Investors lawfully living in the U.S. are eligible to file their I-526E visa petition with I-485 adjustment of status application – an opportunity for the investor to obtain a 2-year open work permit under adjustment of status in what could be as little as 120 days from filing.

Located on New Jersey’s Atlantic shoreline, the Wave Spa will build a new beachside hotel located near major areas including New York City and Philadelphia.

U.S. Immigration Fund- NJ, LLC (“USIF-NJ”), the authorized EB-5 Regional Center is sponsoring the Wave Spa Project to prospective EB-5 investors. The Wave Spa is being developed by a highly reputable and well-respected real estate developer with decades of successful experience. USIF-NJ successfully worked with the developers of the Wave Spa in a prior real estate development in which an affiliate of USIF-NJ raised and loaned $50 million for one of their previous EB-5 real estate projects – and successfully returned that investment capital ahead of schedule.

TALK TO ONE OF OUR EB-5 EXPERTS TO SEE IF YOU QUALIFY FOR THE EB-5 VISA PROGRAM

USIF has successfully raised large-scale funds and has been instrumental to the completion of some of the most recognizable global EB-5 investment projects. USIF became “the first” regional center to be recognized by 18 major financial institutions including J.P. Morgan, Goldman Sachs and Blackrock.

Within the EB-5 industry, USIF continues to set investment standards and best practices, and by pioneering the re-deployment process, USIF has set itself apart from competitors to help immigrant investors achieve their dreams of obtaining a U.S. green card.

CONTACT US: info@usifund.com

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