News Hub | News Direct

All Industries


Article thumbnail News Release

3 Cryptos Bringing Financial Freedom To The Masses

Cutoshi

There is widespread speculation of decreasing regulatory pressure and increased adoption of cryptocurrencies in 2025, indicating a remarkable bull wave is approaching. Let’s explore Bitcoin (BTC), Ethereum (ETH) and Cutoshi (CUTO), which are the top three tokens poised to grow tremendously in the coming months as they shape the decentralized economy and capture the DeFi market. Bitcoin Reaches Crucial Trendline After Double-Bottom After a multi-year cup-and-handle pattern, Bitcoin had a massive rally recently. The Bitcoin price surged over 50% during this rally, reaching the ATH at $108,268. However, it encountered a crucial resistance trendline that joined the price peaks of 2017 and 2021 in this region and lost momentum due to decreased demand. Due to this, the price reversed, and Bitcoin has created a double-bottom pattern over the last month. It trades at $104,187.89 after a 1.02% rise in the previous 24 hours and is taking support from the vertex of the double-bottom at $102,233. Bitcoin is only 3.19% below its ATH but has faced significant bearish pressure at the $105,358 price level for three days. The MACD oscillator is rising fast due to the increasing bullish sentiment, and the Relative Strength Index (RSI) is also increasing, currently at 65. Bitcoin may reach a new ATH soon if the price continues to climb, and it can also break the trendline if bulls induce sufficient demand. Ethereum (ETH) Consolidates Due To Uncertainty Ethereum traded in a triangular pattern for over three months but surged by over 70% within a month when it broke past the consolidation. The rally slowed gradually, and Ethereum faced considerable resistance from the $4,091 price. Due to the slow price action, it entered a downtrend and has corrected significantly. Ethereum trades at $3,294 at press time, taking support at $3,232. Over the last few days, the price has been trading between this support and the $3,500 resistance level, alternating between bullish and bearish candlesticks due to indecisiveness. The price is surfing just above the 100-day SMA but is below the 50-day SMA. If Ethereum falls further from the current support, another significant support level is at $3,120, but if it rises from here, then $3,548 and $3,746 are a few solid resistance levels. Cutoshi (CUTO): Latest Utility Meme Coin On Ethereum Cutoshi is an ERC-20 token inspired by Satoshi Nakamoto’s teachings and resonates with his vision for a decentralized economy where users can enjoy complete privacy, security, and monetary freedom. The project promotes this and spreads the word with the power of memes. Moreover, it has built a fun meme coin ecosystem based on the Chinese Lucky Cat that has the power to bless its owners with good fortune. Cutoshi wants to spread good luck and prosperity worldwide and thus offers everyone the chance to harness this lucky cat’s powers using its native token, CUTO. At the heart of its ecosystem, Cutoshi has placed its multi-chain DEX (Decentralized Exchange), which enables users to swap their digital assets peer-to-peer with other platform users. The DEX is cross-chain interoperable and offers lightning-fast asset transfers across blockchains at a tiny 0.25% fee. Furthermore, Cutoshi offers community members the opportunity to earn CUTO through its farming mechanism. Members complete the daily fun challenges designed to help the community grow and receive CUTO points for their efforts. The collected points can be converted to CUTO tokens after the presale. The Cutoshi presale has raised over $1,600,000 and offers CUTO at $0.031 in stage four. Early members have already made over 100% returns, with the price surging after every round, but it is not too late, as new investors can get similar gains with the presale progressing faster. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshicommunity Cutoshi is a revolutionary meme coin inspired by the Chinese Lucky Cat and Satoshi Nakamoto’s teachings. It’s based on decentralization, privacy, and monetary freedom, embodying the blockchain's original purpose and ethos. And Cutoshi has a vision - to introduce more people to cryptocurrencies and bring financial freedom to all who want it. Contact Details Camila Perez Support@cutoshi.com Company Website https://cutoshi.com/

January 22, 2025 05:23 AM Eastern Standard Time

Image
Article thumbnail News Release

Crypto AI Price Prediction: Where Will Pepe Coin (PEPE) And Elluminex (ELX) Be In 6 Months?

Elluminex

Crypto markets have seen a substantial rally in the past few months. Among them, Pepe was one of the strongest performers. Moreover, a new token, Elluminex, is going viral on X. We asked GrokAI to predict where these tokens will be in six months. Here’s what Grok answered, based on the latest market trends, fundamentals, and other data. Pepe Coin Could Rise As Much As 300%. Pepe Coin (PEPE) has seen strong growth this cycle. Broader market trends, major exchange listings, and memorable moments all contributed to market hype. Currently trading at $0.00001605, Pepe holds significant potential, according to Grok. Grok explains that, six months from now, the overall crypto market could be in different stages of the cycle. Broader trends that could influence Pepe’s price include the Bitcoin halving and various ETF news that will likely come in that period. For that reason, Grok is bullish for Pepe. The AI model puts Pepe’s likely high for the next six months between $0.000040 and $0.000050. This price would represent a 300% increase from its current levels. Because Pepe depends on community sentiment, engagement by its community could drive it to these highs. Grok also predicts that average levels for the next six months will range between $0.000020 and $0.000030, Source: Grok Still, like all meme coins without real utility, Pepe will likely experience volatility. For that reason, Pepe could potentially fall to the lows between $0.000010 and $0.000015 in that period. Grok also cautions against leveraged trades. Because of its inherent volatility, leveraged trading of Pepe in any direction exposes traders to the risk of total loss. Elluminex Has Potential For Good Gains Another token that is currently trending is Elluminex (ELX). This upcoming DeFi platform is attracting attention due to its potential role in the rapidly growing TON ecosystem. Like with Pepe, Grok sees significant bullish potential for Elluminex. Grok explains that Elluminex is a DeFi hub for TON, with promising features like cross-chain bridging, an AI portfolio tracker, staking, an educational platform, and more. If the platform delivers on these promises, Grok sees significant potential. In the next six months, Grok suggests that Elluminex could reach a high between $0.05 to $0.10. This would mean a potential fair gain from its presale price of $0.01. The average price in the next six months could be between $0.02 to $0.5, while lows could be near its presale price. Source: Grok The AI model suggests that Elluminex’s performance will depend both on the platform’s ability to deliver on its promises, as well as broader trends. If the market continues to move in a bullish direction, Elluminex will benefit. Likewise, if TON’s ecosystem continues its strong growth, Elluminex is positioned for significant gains too. Still, according to Grok, overall trends suggest a favorable scenario for Elluminex. For one, TON continues to expand and has recently announced major plans for expansion into the US market. At the same time, the US regulatory environment for crypto is also moving in a favorable direction for the industry. For these reasons, Elluminex has significant potential. For more information about Elluminex (ELX) visit the links below: Website: https://elluminex.com Twitter/X: https://x.com/elluminex Telegram: https://t.me/Elluminex Elluminex is a next-generation DeFi platform built on the TON Blockchain and Ethereum, offering a seamless decentralized finance experience with innovative features. Users can engage in staking, farming, and enjoy AI-powered portfolio tools, all while participating in a cross-chain ecosystem. Elluminex is unique in that it is bringing DeFi to the TON Network/Blockchain which at the moment is very limited in this sense with very few options available to its users. Despite this the TON Network is still the fastest growing blockchain in the world and many view it as a future powerhouse to rival Bitcoin, Ethereum and Solana. By bringing DeFi to the TON Network, Elluminex would immediately transform the chain and take its capabilities and vast reach to the next level. Much like Uniswap did with Ethereum, Pancakeswap did with Binance Chain and Jupiter did with Solana. Cryptocurrency may be unregulated in your jurisdiction. The value of cryptocurrencies fluctuates and it is important that you thoroughly understand the risks associated with acquiring cryptocurrencies, as outlined in the Disclaimer. You confirm that you are not a citizen or resident of the United States, United Kingdom, or any prohibited jurisdiction, or any other location where the purchase of Elluminex and $ELX token may be legally restricted. Please note that our list of restricted countries and terms of service may undergo updates, and it is your responsibility to stay informed about the latest version.By proceeding to continue to use Elluminex.com, you acknowledge and agree to our Terms of Use and Privacy Policy. Contact Details Andy Green press@elluminex.com Company Website https://elluminex.com/

January 22, 2025 05:13 AM Eastern Standard Time

Image
Article thumbnail News Release

Energy Select Sector SPDR Fund (XLE): A Gateway to the U.S. Energy Sector

Select Sector SPDR

In an evolving global marketplace where energy continues to be a critical driver of economic activities, the Energy Select Sector SPDR Fund ( XLE ) stands out as a useful tool for investors seeking exposure to the U.S. energy sector. Designed to mirror the Energy Select Sector Index, XLE offers an opportunity to engage with this pivotal industry without the need for direct stock selection. XLE encompasses a diverse array of companies in oil, gas, consumable fuels, and energy equipment and services. Investors may benefit from a broad exposure to the top U.S. energy firms while mitigating the risks typically associated with investing in individual stocks. Key Features of the Energy Select Sector SPDR Fund (XLE): Portfolio: XLE provides investors with access to a wide range of companies, capturing the breadth of the energy sector. Passive Management Strategy: XLE tracks the Energy Select Sector Index, offering a straightforward and efficient investment in the Energy components of the S&P 500. Low Expense Ratio: With a total expense ratio of just 0.09%*, XLE remains a cost-effective choice for those interested in the energy market. Top Holdings** of XLE Include: Exxon Mobil (23.15%) Chevron (15.37%) ConocoPhillips (8.14%) Williams Companies (4.60%) EOG Resources (4.53%) ONEOK (4.34%) Schlumberger (4.00%) Kinder Morgan (3.92%) Phillips 66 (3.48%) Marathon Petroleum (3.32%) These holdings collectively represent a wide range of companies, offering a broad perspective on the energy sector. XLE’s investment strategy aligns with the broader trends impacting the energy sector. By offering a portfolio of energy companies, it caters to investors interested in gaining insight into the dynamics shaping the future of energy, without the complexities of managing a portfolio of individual stocks. This approach is particularly pertinent in a sector known for its rapid technological advancements and geopolitical influences. With more than $33 billion in assets under management, XLE remains a substantial presence in the investment community. It provides a lens through which to view the U.S. energy sector's pivotal roles and challenges, all while maintaining accessibility for a broad range of investors. For more information about the Energy Select Sector SPDR Fund (XLE), please visit Select Sector SPDR. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Ordinary brokerage fees apply **Holdings, Weightings & Assets as of 12/31/24 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL008138 EXP 3/31/25 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

January 22, 2025 05:00 AM Eastern Standard Time

Article thumbnail News Release

Salignostics Advances Saliva-Based HIV Testing with Successful Clinical Trial in Ethiopia

Salignostics

Salignostics, a leader in saliva-based diagnostic innovation, proudly announces the successful completion of a clinical trial in Ethiopia for its groundbreaking saliva-based HIV rapid test. This major milestone brings Salignostics closer to providing a transformative solution for HIV testing, particularly in areas with limited access to healthcare infrastructure. The trial, conducted in November 2024, evaluated 50 saliva samples from individuals diagnosed with HIV alongside 50 samples from healthy participants. The results demonstrated exceptional accuracy, with sensitivity exceeding 90% and specificity surpassing 98%. These findings underscore the reliability of saliva as a diagnostic medium and highlight its potential to address critical healthcare challenges worldwide. Accurate, accessible HIV testing is vital for early detection and treatment, especially in underserved regions. Salignostics’ saliva-based test eliminates the need for blood draws and specialized equipment, offering a cost-effective and non-invasive alternative that can be deployed in homes, clinics, or community health settings. This innovation not only reduces barriers to testing but also empowers individuals to take control of their health with privacy and convenience. “This successful trial highlights the value of saliva as a diagnostic medium,” said Dr. Guy Krief, Co-founder and Deputy CEO of Salignostics. “By leveraging our technology, we aim to complement existing HIV testing methods and provide a reliable, accessible solution that meets the needs of diverse communities worldwide.” The global HIV diagnostics market is rapidly expanding, driven by increasing demand for decentralized and user-friendly solutions. The market is projected to reach $3.88 billion by 2021, with forecasts of further growth to over $7 billion by 2034 at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2034. Building on its success with saliva-based diagnostics, Salignostics continues to expand its portfolio. The company has a proven track record, including CE, UKCA, and TGA certifications for its Salistick pregnancy test, which has achieved over 500,000 units sold and ordered across markets such as the UK and Israel. Salignostics’ development pipeline also includes applications for oral cancer, respiratory conditions, and sexually transmitted infections, further demonstrating the versatility of saliva as a diagnostic tool. For Salignostics, the successful Ethiopian trial is a significant step forward in transforming global healthcare. By providing accurate and accessible HIV testing, the company is addressing critical gaps in public health while reinforcing its commitment to innovation and quality in diagnostics. About Salignostics Founded in 2017 in Jerusalem, Salignostics is a global leader in saliva-based diagnostics. The company’s proprietary technology has been successfully commercialized, with its Salistick pregnancy test achieving over 500,000 units sold and ordered in markets such as the UK and Israel. Now approved by CE, UKCA, and TGA, Salignostics is actively expanding its portfolio of innovative, user-friendly diagnostic solutions. For more information about Salignostics and its groundbreaking saliva-based diagnostics, visit www.salignostics.com Founded in 2017 in Jerusalem, Salignostics is a global leader in saliva-based diagnostics. The company's proprietary technology has been successfully commercialized, with its Salistick pregnancy test achieving over 500,000 units sold and ordered in markets such as the UK and Israel. Now approved by CE, UKCA, and TGA, Salignostics is actively expanding its portfolio of innovative, user-friendly diagnostic solutions. For more information about Salignostics and its groundbreaking saliva-based diagnostics, visit www.salignostics.com Contact Details Salignostics Guy Krief | Co-founder and Deputy CEO, Salignostics guykrief@salignostics.com Company Website https://www.salignostics.com/

January 21, 2025 05:15 PM Eastern Standard Time

Article thumbnail News Release

Elluminex (ELX) Catching Attention Of The Toncoin Community As New Token Is Set To Revolutionize TON

Elluminex

Fragmented liquidity remains one of the biggest challenges facing the DeFi industry. This is because fragmented liquidity has led to limited access to early-stage opportunities and the inability to sell assets due to low demand on an isolated blockchain. Meanwhile, several top blockchain networks like Ethereum, Solana, and Binance have made conscious steps toward bridging the gap and enabling cross-chain interoperability. This allows investors to make transactions across different blockchains. However, the TON network which is one of the leading blockchains with over 950 million active users and over a billion transactions recorded so far, is yet to be a DeFi hub that enables cross-chain liquidity sharing. This shortcoming from the TON network has hindered other DeFi markets from accessing TON's vast liquidity and potential. That is why Elluminex (ELX) is on hand to set things right with its strong use cases. Top Features Of The Elluminex (ELX) Project On The TON Network Elluminex (ELX) is set to become the first DeFi hub on the TON blockchain to enable cross-chain interoperability, allowing access to over 40 other blockchains. With Elluminex, individuals on the TON network can now transfer assets between different blockchain networks at competitive rates. Also, crypto players can stake different crypto assets, especially the ELX native token. Individuals can also provide liquidity and earn rewards as they help Elluminex grow. The AI-powered portfolio tracker on the platform allows investors to track their portfolios seamlessly. Elluminex has integrated all these, including DEX exchange, yield farming infrastructure, pre-market access to high-potential tokens, and more. The project represents the next-generation DeFi hub for easy access and navigation of the DeFi ecosystem. Why Elluminex (ELX) Presale Leads As Top Investment Alternative Ahead Of 2025 Elluminex (ELX) is introducing a unique project on the TON network that provides real-world value to users. As such, the $ELX token will be the native utility powering the Elluminex ecosystem. Given the revolutionary project that Elluminex is bringing to the TON network and the over 950 million potential project users, the $ELX token could witness exponential growth in value. As such, investing now at its presale level is key to being part of the potential growth. There's only a limited supply of 350 million $ELX tokens, with 50% of the number allocated for presale. The presale provides a low entry advantage, positioning crypto players for the potential significant growth. Elluminex An Opportunity To Be Part Of A Revolutionary DeFi Project Early adopters of top DeFi projects like Elluminex have, on average, recorded the biggest ROI margins. While market participants can no longer be early partakers of projects like Ethereum or Solana, the Elluminex project presents a golden opportunity for market players to buy the presale of $ELX, hold, and accrue profits when the project launches. Trailers can also earn passive income from their presale $ELX token by staking them and providing liquidity to the projects on the TON network. Overall, Elluminex harbors the potential of exponentially increasing traders’ net worth when they invest. For more information about Elluminex (ELX) visit the links below: Website: https://elluminex.com/ Twitter/X: https://x.com/elluminex Telegram: https://t.me/Elluminex Elluminex is a next-generation DeFi platform built on the TON Blockchain and Ethereum, offering a seamless decentralized finance experience with innovative features. Users can engage in staking, farming, and enjoy AI-powered portfolio tools, all while participating in a cross-chain ecosystem. Elluminex is unique in that it is bringing DeFi to the TON Network/Blockchain which at the moment is very limited in this sense with very few options available to its users. Despite this the TON Network is still the fastest growing blockchain in the world and many view it as a future powerhouse to rival Bitcoin, Ethereum and Solana. By bringing DeFi to the TON Network, Elluminex would immediately transform the chain and take its capabilities and vast reach to the next level. Much like Uniswap did with Ethereum, Pancakeswap did with Binance Chain and Jupiter did with Solana. Cryptocurrency may be unregulated in your jurisdiction. The value of cryptocurrencies fluctuates and it is important that you thoroughly understand the risks associated with acquiring cryptocurrencies, as outlined in the Disclaimer. You confirm that you are not a citizen or resident of the United States, United Kingdom, or any prohibited jurisdiction, or any other location where the purchase of Elluminex and $ELX token may be legally restricted. Please note that our list of restricted countries and terms of service may undergo updates, and it is your responsibility to stay informed about the latest version.By proceeding to continue to use Elluminex.com, you acknowledge and agree to our Terms of Use and Privacy Policy. Contact Details Andy Green press@elluminex.com Company Website https://elluminex.com/

January 21, 2025 03:25 PM Eastern Standard Time

Image
Article thumbnail News Release

Elluminex’s Revolutionary Tech Could Transform Toncoin And The TON Blockchain Forever

Elluminex

Since the outcome of the United States general election, interest in crypto has skyrocketed rapidly, with many institutional players diversifying in cryptos. This growing interest has seen more platforms utilize crypto coins as a payment option, boosting decentralized finance adoption. Based on CoinMarketCap, the DeFi market cap is worth over $130B, with projections of it hitting $300B in 2025. This article looks at Elluminex (ELX), a unique crypto project that is bringing DeFi to the TON Network. Just as Ethereum has Uniswap, Elluminex is about to transform the TON blockchain while bringing the cross-chain and bridging solutions required for developers to access and utilize the vast liquidity in the TON ecosystem. What Is Elluminex? Elluminex (ELX) is a new member of the TON ecosystem that aims to bring DeFi to TON users. This means Elluminex will become the first DeFi hub to allow for cross-chain interoperability, allowing users access to over 40 blockchains. Although new, Elluminex is a unique project that comes with a lot of features. While the TON network has limited and few options available to users, with Elluminex, individuals on the TON network can transfer assets between different blockchain networks at competitive rates. With TON seen as one of the biggest blockchains, Elluminex is developing a next-generation DeFi hub that will provide advanced, user-centric features such as a DEX, multi-token swaps, staking, farming, liquidity management, and educational resources aimed at streamlining the DeFi experience while making it accessible to both new and experienced users. What Elluminex Brings To The DeFi Community The DeFi space is huge but still suffers from issues related to fragmented liquidity, complex interfaces, and high transaction fees. These recurring problems show that while the DeFi space has so much potential, it has yet to harness all opportunities. Elluminex seeks to address some of these problems and improve the DeFi landscape. One major feature Elluminex is developing is the DEX, which offers low slippage and high liquidity. With the decentralized exchange, users can trade different cryptos from their wallets, ensuring security and full control over their assets. Also, as a cross-chain bridge solution, Elluminex allows users to easily transfer assets via different blockchains. Users interested in rewards and incentives can use the stake and farming feature on Elluminex to grow their revenue by providing more liquidity in the ecosystem. Also, individuals and businesses can use the AI-powered Portfolio Tracker to monitor their transactions and stay updated about market trends. Using Over The Counter (OTC) platform, users can gain early access to new TON projects before their listing on exchanges. Elluminex Token: The Core Of The Elluminex Ecosystem All transactions on the Elluminex protocol are carried out using the $ELX token. It also serves as a reward mechanism and also for users who participate in governance. As a multi-chain token, users can transfer the token between both the Ethereum and TON blockchains. In terms of security and transparency, the Elluminex project's smart contract has been audited by a reliable third-party firm, ensuring the platform's security and reliability. This ensures that users' funds are protected while maintaining the integrity of the platform. Meanwhile, the ELX token has a limited 350M total supply, of which 50% is already allocated to presale. Given the low supply, speculators anticipate token scarcity in the coming months, which will drive the ELX price up. As such, traders who buy now might hit significant returns before the end of Q2 of 2025. Which Coin Has The Biggest Future Potential? With the rising adoption of DeFi in financial transactions, Elluminex crypto has the potential to dominate the DeFi market in the coming weeks. Adding to the fact that TON blockchain adoption is growing rapidly, the integration of Elluminex will skyrocket its adoption just as Uniswap did to Ethereum ecosystem. All these will potentially drive the ELX price up. For more information about Elluminex (ELX) visit the links below: Website: https://elluminex.com/ Twitter/X: https://x.com/elluminex Telegram: https://t.me/Elluminex Elluminex is a next-generation DeFi platform built on the TON Blockchain and Ethereum, offering a seamless decentralized finance experience with innovative features. Users can engage in staking, farming, and enjoy AI-powered portfolio tools, all while participating in a cross-chain ecosystem. Elluminex is unique in that it is bringing DeFi to the TON Network/Blockchain which at the moment is very limited in this sense with very few options available to its users. Despite this the TON Network is still the fastest growing blockchain in the world and many view it as a future powerhouse to rival Bitcoin, Ethereum and Solana. By bringing DeFi to the TON Network, Elluminex would immediately transform the chain and take its capabilities and vast reach to the next level. Much like Uniswap did with Ethereum, Pancakeswap did with Binance Chain and Jupiter did with Solana. Cryptocurrency may be unregulated in your jurisdiction. The value of cryptocurrencies fluctuates and it is important that you thoroughly understand the risks associated with acquiring cryptocurrencies, as outlined in the Disclaimer. You confirm that you are not a citizen or resident of the United States, United Kingdom, or any prohibited jurisdiction, or any other location where the purchase of Elluminex and $ELX token may be legally restricted. Please note that our list of restricted countries and terms of service may undergo updates, and it is your responsibility to stay informed about the latest version.By proceeding to continue to use Elluminex.com, you acknowledge and agree to our Terms of Use and Privacy Policy. Contact Details Andy Green press@elluminex.com Company Website https://elluminex.com/

January 21, 2025 02:16 PM Eastern Standard Time

Image
Article thumbnail News Release

ECOBANK FACES $68 MILLION LEGAL CLAIM IN CONNECTION WITH ALLEGATIONS OF DEFAMATION, ABUSIVE PROCEEDINGS, AND COERCION

SOOB

A $68 million legal claim in the UAE was filed against Jeremy Awori, CEO of Ecobank Transnational Inc (ETI); ETI Specialized Resolutions Company (ETISRC); Ecobank Nigeria (ENG); and Oladele Alabi, Managing Director of ETISRC, on allegations of defamation, abusive proceedings and coercion in Nigeria. The defendants are alleged to have attempted to coerce Wilben Trade and its CEO, Marcus Wade, into making substantial undue payments to ENG and ETISRC following a loss suffered in 2015. Over the last two years, accusations made by ETISRC, led by Oladele ‘Dele’ Alabi and ENG, have caused significant distress and reputational and financial harm to Wilben Trade. In 2015, ENG suffered losses exceeding $42 million from two transactions with its existing customer, Agrico Agbe Limited and its associate company, Little Rose Trading LLC. At Ecobank’s request, Wilben Trade was brought into the transactions solely to provide an intermediary service and discount Letter of Credit issued by Ecobank and had no other involvement. Following multiple failed attempts to recover losses from the original customers and those directly responsible, ETISRC turned its focus to Wilben Trade. Given the company's limited role in the transaction, legal counsel has labelled the defendant’s pursuit as ‘an extortion attempt’. In 2022, ETISRC escalated its actions, filing a report with the Nigeria Police Force through legal practitioners Wigwe & Co. The report alleged that Wilben Trade had improperly received $42,485,900 from EBN and had engaged in “Conspiracy and Fraudulent Conversion”. Wilben Trade contends that these allegations are baseless and were knowingly fabricated by Oladele Alabi, Managing Director of ETISRC, the ETI subsidiary responsible for the complaint, as a result of the ability of powerful private interests to instrumentalise public institutions and resources in Nigeria. This legal action underscores Wilben Trade and Marcus Wade’s commitment to protecting its reputation and seeking redress for the significant distress and damages inflicted by these unfounded allegations. Lateef Omoyemi Akangbe SAN, Partner, Sofunde Osakwe Ogundipe & Belgore Legal Practitioners, commented: “In addition to taking action in Nigeria, our client is pursuing international legal action to address Ecobank’s abusive tactics and repair the ongoing damage caused to our client by Ecobank’s improper use of public institutions to pursue its baseless complaints against our client. “Despite repeated appeals for constructive dialogue to address these issues and end the misconduct, Ecobank has refused to engage meaningfully.” -END- Contact Details Sofunde Osakwe Ogundipe & Belgore Legal Practitioners Lateef Omoyemi Akangbe SAN +234 1 630 7215 loakangbe@sooblaw.com

January 21, 2025 12:37 PM Eastern Standard Time

Article thumbnail News Release

LIVE TINTED Unveils Its First-Ever Commercial with “It Feels Good To Be Seen” Campaign

Live Tinted

LIVE TINTED, the prestige beauty brand founded by industry changemaker Deepica Mutyala, announces today the launch of the brand’s “It Feels Good To Be Seen” campaign, debuting LIVE TINTED’s first-ever TV commercial, which emphasizes the brand’s role as an innovator and pioneer in inclusive makeup. LIVE TINTED celebrates the campaign launch in partnership with Ulta Beauty, featured in the commercial, as LIVE TINTED sets out to expand to all 1,400 Ulta Beauty stores by Spring 2025. In tandem with the campaign launch, the brand has also welcomed new products to their robust offerings with the launch of the Legacy collection. LIVE TINTED’s “ It Feels Good To Be Seen ” highlights the brand’s mission to bring change and representation to the $570B+ beauty industry. Inspired by Deepica’s own founding story, the 90’s-set commercial depicts two teenage girls of different skin tones experimenting with makeup. One girl, with darker skin, is disheartened when the foundation options are too light for her, reflecting the collective struggle of women of color to find inclusive makeup. The scene transitions to the present day, where the same young girl is now a mother, and she is able to find makeup to match her skin tone with confidence. Together, the mother and daughter explore LIVE TINTED's display of makeup available in inclusive shade ranges at Ulta Beauty, celebrating beauty for all. “The scene in the commercial is representative of moments myself and many other women of darker skin tones have experienced throughout life,” said LIVE TINTED Founder and CEO Deepica Mutyala. “Since I was a little girl playing with makeup in search of a product that matched my skin, I knew I wanted to create a beauty brand where women would feel seen and represented for who they are. Seeing this commercial come to life is monumental for the brand, especially since it airs near the 10-year anniversary of my viral YouTube video that catapulted the launch of LIVE TINTED to where we are today.” The campaign employs a comprehensive 360-degree strategy to maximize impact, featuring influencer and celebrity makeup artist collaborations and engaging in-store marketing assets at Ulta Beauty. Additional efforts include PR initiatives and social media strategies to drive brand engagement and widespread awareness. LIVE TINTED will continue to reinforce the campaign’s message throughout the year to sustain momentum and reach a broader audience. “As the first South Asian-owned makeup brand at Ulta Beauty, Live Tinted has deeply resonated with our diverse community of beauty enthusiasts, especially through its inclusive ethos and versatile products like the Huestick – which went viral on social and is now a tried-and-true staple in our guests’ beauty routines,” said Jessica Phillips, Vice President of Merchandising, Ulta Beauty. “With a shared mission to create new beautiful possibilities for beauty lovers of all generations, skin tones and types, we’re so proud to see Live Tinted’s incredible growth continue to shine and serve as an inspiring success story for up-and-coming beauty brands.” Ulta Beauty has been an integral player in the campaign and has contributed significantly to the brand’s growth since its launch in 2018. The brand first debuted exclusively in select stores in 2021 through the retailer’s Sparked initiative and then went on to be available at Ulta Beauty at Target locations. LIVE TINTED has become one of many fastest-growing prestige brands at Ulta Beauty, taking up six feet of retail space and will now be available to shop in all 1,400 stores across the U.S. by the spring. This will include the brand’s new Legacy collection which launched online and in stores on Thursday, January 9. Inspired by the legacy you dream of leaving on the world, the volumizing eye makeup trio features: Legacy Lash Volumizing & Lengthening Mascara ($26; $16 travel size): A serum-mascara delivering instant volume and long-term lash benefits with clean, weightless ingredients. Clinically proven to boost lash volume by +171% instantly and +113% over time. Legacy Liner Liquid Kajal ($22): Carbon-black-free and eye-safe, this liquid liner features 100% natural bamboo charcoal and a flexible felt tip for precise lines with a satin finish. Quick-drying and smudge-proof, it's been tested against water, tears, and life itself—this liner stays flawless all day. Legacy Eyelash Curler ($17): Wide, curved design for all eye shapes, featuring hypoallergenic silicone pads and a marigold orange tone for enhanced lash visibility. The launch of LIVE TINTED’s “ It Feels Good To Be Seen ” campaign coincides with the 10th anniversary of Deepica’s 2015 viral YouTube video (11M views) showing how to conceal dark under eye circles using red lipstick. The video catapulted Deepica’s influence in the beauty space and championed her as an advocate for inclusivity and representation. She has since been awarded TIME Magazine’s Next Generation Leader in 2022, co-created Mattel’s first South Asian CEO Barbie, and continues to use her platform and vision for the future of beauty to further establish LIVE TINTED as a premier clean, inclusive beauty brand. The “ It Feels Good To Be Seen ” commercial can be viewed on Warner Bros Discovery streaming platforms, @livetinted, and livetinted.com. LIVE TINTED products can be purchased at livetinted.com, Ulta Beauty, Ulta Beauty at Target Sephora, and Amazon. For more information, visit livetinted.com, follow on Instagram @livetinted @deepica, and on TikTok @livetinted @deepica. About LIVE TINTED: Providing universal shades with purposeful formulas, LIVE TINTED’s products are clean, vegan, and cruelty-free. From SPF-infused skincare to lip, cheek, face, and eye makeup, LIVE TINTED products are packed with skincare ingredients like Hyaluronic Acid, Vitamins C and E, and Squalane to hydrate and brighten your skin. Founded in 2019 by Deepica Mutyala, LIVE TINTED exists to provide makeup wearers of every skin tone and color products where they feel represented and seen. LIVE TINTED products can be purchased online at livetinted.com, Sephora, and ULTA. Learn more at livetinted.com and @livetinted. About Deepica Mutyala: Deepica Mutyala is the Founder & CEO of Live Tinted, renowned, South-Asian American beauty entrepreneur on a mission to champion multicultural beauty through brand/products, community, conversation, and awareness – working to create a beauty brand where everyone feels seen and changing the beauty industry to broaden what's considered beautiful with the power and voice of both her personal and Live Tinted platforms. Mutyala rose to the forefront of the beauty industry in 2015 when her YouTube video, depicting a beauty hack to cover dark undereye circles using red lipstick, went viral – now boasting over 10 million views. Since then, Mutyala has been recognized by some of today’s most prestigious publications for her achievements in the beauty space, including accolades such as her 2022 dedicated feature as a TIME Magazine Next Generation Leader. Today, Mutyala's brand is sold across channels including DTC, on LiveTinted.com, and at top beauty retailers Ulta Beauty nationwide– the first South-Asian brand in the prominent retailer—and in-store and online at Sephora Canada. Follow her journey to revolutionize beauty at @LiveTinted and @deepica. Contact Details Powers PR Alex Wollman livetinted@powers-pr.com Company Website https://www.livetinted.com/

January 21, 2025 12:03 PM Eastern Standard Time

Article thumbnail News Release

3 Reasons Why You Should Invest In The New Transformative Token, Elluminex (ELX)

Elluminex

The world of Decentralized Finance (DeFi) is evolving at a lightning pace. Protocols like Uniswap, PancakeSwap, and Jupiter have their respective blockchain ecosystems and have driven tens of millions in revenue. Now, a new contender has arrived with the potential to reshape the landscape of the TON blockchain and the broader DeFi space as a whole — Elluminex. With its cutting-edge features, this revolutionary DeFi hub has the potential to not only elevate the TON ecosystem but also deliver massive returns for early buyers. Let's explore the three main reasons why Elluminex should become a staple in every 2025 portfolio. 1. The DeFi Trailblazer On The TON Blockchain The TON blockchain taps directly into Telegram’s vast network and its massive 950-million user base. The numbers don't lie, with over 100 million registered addresses, TON is one of the fastest-growing ecosystems in crypto. Despite this, the TON network still underperforms when it comes to DeFi. Elluminex will change this by introducing a comprehensive DeFi ecosystem. This platform will address the inefficiencies that have stunted the expansion of DeFi. These include fragmented liquidity and the lack of seamless cross-chain interoperability. By enabling users to trade, stake, and manage assets securely and efficiently, Elluminex has the potential to unlock a whole new realm of possibilities for the TON network. 2. Unparalleled Cross-Chain Interoperability And Liquidity One of the major pain points in DeFi today is the challenge posed by having liquidity across blockchains, which already face substantial difficulties when interfacing with one another. Elluminex solves this by leveraging a revolutionary cross-chain bridge, allowing users to easily trade and transfer assets between major blockchains, including Ethereum and Solana, with minimal slippage, low fees, and near-instant speeds. When Jupiter was first launched, it significantly boosted Solana's ecosystem activity and contributed almost single-handedly kickstarted Solana’s 2024 rally, which culminated with a new all-time high. Elluminex aims to mimic this success by boosting the TON ecosystem, positioning itself as the go-to platform for developers, and investors alike. Additionally, Elluminex introduces staking and farming features that reward long-term holders of $ELX, priming the token for sustainable growth. Combined with its AI-powered portfolio tracker with built-in analytic tools, Elluminex will provide a well-rounded investing experience that empowers users to always have the right information at hand. 3. Exclusive Access To Unlisted TON Projects Elluminex is set to introduce a game-changing feature that sets it apart from traditional DeFi protocols: early access to exclusive TON projects. This feature will allow users to invest in new token launches before they are released on the markets, allowing stakeholders to stay ahead of the curve and granting them the opportunity to secure an early allocation in next-gen projects. Moreover, as this feature is directly integrated into a decentralized ecosystem, Elluminex eliminates third parties, providing users with transparency and control over their investments. Why $ELX Is A Must-Have Token For 2025 The $ELX token powers the Elluminex ecosystem, as it plays a crucial role in the staking mechanism, governance, and cross-chain liquidity. The token is also designed to be deflationary, meaning that recurring token burns will continuously reduce the circulating supply, stabilizing the price in times of market-wide turbulence, while simultaneously ensuring sustainable growth. As the TON network continues to expand and DeFi adoption accelerates, the demand for $ELX is expected to soar as soon as the presale kicks off. Early buyers could have a bullish gem at hand, especially as Elluminex could claim a substantial cut of the DeFi market. Don’t miss the opportunity to invest in a project that could reshape DeFi on one of the world’s fastest-growing blockchains. Keep an eye on Elluminex’s socials and website because the presale of the $ELX will start very soon! For more information about Elluminex (ELX) visit the links below: Website: https://elluminex.com/ Twitter/X: https://x.com/elluminex Telegram: https://t.me/Elluminex Elluminex is a next-generation DeFi platform built on the TON Blockchain and Ethereum, offering a seamless decentralized finance experience with innovative features. Users can engage in staking, farming, and enjoy AI-powered portfolio tools, all while participating in a cross-chain ecosystem. Elluminex is unique in that it is bringing DeFi to the TON Network/Blockchain which at the moment is very limited in this sense with very few options available to its users. Despite this the TON Network is still the fastest growing blockchain in the world and many view it as a future powerhouse to rival Bitcoin, Ethereum and Solana. By bringing DeFi to the TON Network, Elluminex would immediately transform the chain and take its capabilities and vast reach to the next level. Much like Uniswap did with Ethereum, Pancakeswap did with Binance Chain and Jupiter did with Solana. Cryptocurrency may be unregulated in your jurisdiction. The value of cryptocurrencies fluctuates and it is important that you thoroughly understand the risks associated with acquiring cryptocurrencies, as outlined in the Disclaimer. You confirm that you are not a citizen or resident of the United States, United Kingdom, or any prohibited jurisdiction, or any other location where the purchase of Elluminex and $ELX token may be legally restricted. Please note that our list of restricted countries and terms of service may undergo updates, and it is your responsibility to stay informed about the latest version.By proceeding to continue to use Elluminex.com, you acknowledge and agree to our Terms of Use and Privacy Policy. Contact Details Andy Green press@elluminex.com Company Website https://elluminex.com/

January 21, 2025 11:58 AM Eastern Standard Time

Image
1 ... 1819202122 ... 3820