casino slot 2024
( MENAFN - GetNews) In today's fast-evolving blockchain landscape, TON (The Open Network) has emerged as a key player in the global ecosystem. With its high-performance technical architecture, extensive use cases, and close integration with global messaging giant Telegram, TON is reshaping the Web3 narrative and delivering a new decentralized revolution to users worldwide. TON Ecosystem: Technical Innovations and Advantages The TON ecosystem's rapid rise stems from its unique and innovative technical foundation: Sharding Architecture: TON employs a three-layer sharding structure (Masterchain, Workchain, Shardchain), delivering high scalability and ultra-fast transaction speeds, capable of processing millions of transactions per second to meet future growth. Infinite Network Expansion: With independent Workchains and dynamic sharding, TON supports unlimited applications and users, addressing the scalability challenges seen in other blockchains. Low Transaction Costs: TON eliminates the pain of high gas fees, offering extremely low-cost transactions ideal for day-to-day payments and microtransactions. Seamless Telegram Integration: Telegram, with over 800 million monthly active users, provides TON with a built-in user base and massive natural traffic, ensuring TON's rapid adoption and user acquisition. Core Applications of the TON Ecosystem Payments and Financial Services: TON provides efficient crypto payment solutions through Toncoin, addressing global needs, particularly in emerging markets like Africa and South Asia, where traditional financial systems are lacking. GameFi and SocialFi: TON's high performance supports blockchain gaming and social applications. Popular projects like Notcoin and Dogs leverage user-friendly,“click-to-earn” models to attract millions of participants, driving a surge of traffic within the TON ecosystem. Decentralized Applications (DApps): Developers can easily build and deploy decentralized applications, including DeFi platforms, NFT marketplaces, and DAO solutions, within the TON ecosystem. Data Storage and Communication: Beyond financial use cases, TON enables decentralized storage and communication systems, ensuring user privacy and data security in the Web3 world. The First Exchange: Empowering the TON Ecosystem As a strategic partner of the TON ecosystem, The First Exchange plays a vital role in driving adoption and offering users a comprehensive platform to explore TON's opportunities: Dedicated TON Ecosystem Zone: The First hosts a specialized TON ecosystem zone, featuring high-potential projects and assets for user investment. Innovative Wealth Challenge Events: Users can join the TON Wealth Challenge, completing simple tasks to win generous Toncoin rewards, introducing a fresh Play-to-Earn model to boost engagement. Real-Time Insights: The First delivers up-to-date news, analysis, and insights into the TON ecosystem, empowering users to stay ahead of market opportunities. Collaborative Partnerships: By partnering with the TON Foundation, The First facilitates ecosystem growth, supporting project launches, promotions, and user onboarding. Leveraging Telegram's Social Power TON's unique integration with Telegram unlocks unprecedented social opportunities within blockchain: Massive User Base: With over 800 million monthly users, Telegram serves as a gateway to TON, offering a vast and ready user pool. Social Finance Integration: TON combines social interactions with economic incentives, enabling seamless peer-to-peer transfers, in-chat payments, and microtransactions via the TON wallet integrated into Telegram. DApp Accessibility: TON DApps can be directly embedded into the Telegram platform, reducing entry barriers and delivering seamless Web3 services to end users. Future Potential of the TON Ecosystem As Web3 adoption accelerates globally, TON's future development will focus on several key areas: Global Expansion: TON aims to extend its footprint into Latin America, Africa, and other emerging markets, making blockchain technology accessible worldwide. Financial Applications: TON's financial ecosystem, including DeFi tools and blockchain-based payments, will attract more capital and users, unlocking explosive growth. Technological Optimization: Continued innovation in TON's sharding mechanism, security protocols, and scalability will ensure a robust, sustainable ecosystem. Strategic Ecosystem Partnerships: By fostering deeper collaborations with developers, exchanges, and partners, the TON Foundation will drive user adoption and strengthen the TON ecosystem. Conclusion TON represents the perfect synergy of blockchain technology, market opportunity, and social scalability through Telegram. As TON continues to redefine decentralized finance, communication, and application development, The First Exchange stands as a core strategic partner, offering users an entry point to the TON ecosystem. Through dedicated activities, real-time insights, and innovative engagement opportunities, The First empowers global users to unlock the true potential of the TON revolution and achieve wealth growth in the Web3 era. Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. MENAFN18122024003238003268ID1109009590 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Freiburg survives late onslaught to beat Wolfsburg in Bundesliga thriller2025 BMW 2 Series Gran Coupe Might Be Enough To Atone For The Sins Of Its Predecessor
BERWYN, Pa. , Nov. 26, 2024 /PRNewswire/ -- Envestnet, Inc. (the " Company "), yesterday announced that, pursuant to that certain Agreement and Plan of Merger, dated as of July 11, 2024 , by and among the Company, BCPE Pequod Buyer, Inc. (" Parent "), a Delaware corporation, and BCPE Pequod Merger Sub, Inc. (" Merger Sub "), a Delaware corporation and a wholly owned subsidiary of Parent (the "Merger Agreement"), Merger Sub merged with and into the Company (the " Merger "), with the Company continuing as the surviving corporation. At the effective time of the Merger, each share of common stock, par value $0.005 per share, of the Company (the " Common Shares ") (other than any Common Shares (i) owned by Parent (or any of its affiliates), Merger Sub or the Company or any direct or indirect wholly owned subsidiaries of Parent (or any of its affiliates), Merger Sub or the Company, (ii) that are Rollover Shares (as defined in the Merger Agreement), (iii) held in treasury of the Company, and (iv) as to which appraisal rights have been properly exercised in accordance with Delaware law) was automatically cancelled, extinguished and converted into the right to receive $63.15 in cash per one Common Share. As a result, a Share Exchange Event and a Make-Whole Fundamental Change occurred under each of the Indenture, dated as of August 20, 2020 , among the Company, the guarantor party thereto and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee (the " Trustee "), which governs the Company's 0.75% Convertible Notes due 2025 (the " 2025 Notes ") (such indenture, the " 2025 Indenture ") and the Indenture, dated of November 17, 2022 , among the Company, the guarantor party thereto and the Trustee, which governs the Company's 2.625% Convertible Notes due 2027 (the " 2027 Notes ", and together with the 2025 Notes, collectively and individually, the " Notes ") (such indenture, the " 2027 Indenture ", and together with the 2025 Indenture, collectively, the " Indentures ", and each, an " Indenture ", as applicable), triggering the adjustments to the conversion rights as described below. The effective date of the Share Exchange Event and Make-Whole Fundamental Change was November 25, 2024 (the " Effective Date "). Capitalized terms used and not defined herein have the meanings ascribed to them in the applicable Indenture. The Company announced that, pursuant to the terms of the respective Indenture, in connection with the consummation of the Merger which constitutes a Share Exchange Event under each Indenture, the Company and the Trustee entered into supplemental indentures to each Indenture providing that, following the effective date of the Merger, the right to convert each $1,000 principal amount of Notes into shares of common stock of the Company at the then applicable conversion rate shall be changed into a right to convert such principal amount of Notes solely into a number of units of Reference Property in an aggregate amount equal to the applicable conversion rate in effect on the conversion date (as may be increased by any Additional Shares), multiplied by $63.15 , the price paid per share of Common Stock in the Merger. Because the Merger constituted a Make-Whole Fundamental Change, the Notes are convertible, at the option of the Holder, at any time from the Effective Date until 5:00 p.m. , New York City time, on the business day immediately preceding the Fundamental Change Purchase Date to be determined by the Company and separately announced to the Holders in accordance with the terms of the Indentures as a result of the Merger (the " Conversion Period "). Also because the Merger constituted a Make-Whole Fundamental Change, the conversion rate for the 2027 Notes will be temporarily increased during the Conversion Period. Such conversion rate per $1,000 principal amount of the 2027 Notes increased by 3.2973 units of Reference Property from 13.6304 units of Reference Property to 16.9277 units of Reference Property. The Company's conversion obligation with respect to Notes that are converted prior to the end of the Conversion Period will be fixed at an amount in cash equal to $591.602 per $1,000 principal amount of the 2025 Notes validly surrendered for conversion, and $1,068.984 per $1,000 principal amount of the 2027 Notes validly surrendered for conversion. The right of the Holders to convert their Notes is separate from the right, at the Holder's option, to submit their Notes for purchase upon a Fundamental Change. If a Holder submits a Fundamental Change Purchase Notice, such Holder may not surrender such Notes for conversion unless the Holder validly withdraws such Fundamental Change Purchase Notice prior to the Fundamental Change Expiration Time. Holders should review the applicable Indenture carefully and should consult with their own financial and tax advisors. None of the Company, Merger Sub, Parent or any of their respective affiliates, or any of its or their respective boards of directors, employees, advisors or representatives or U.S. Bank Trust Company, National Association, in its capacity as trustee, paying agent or conversion agent with respect to the Notes, is making any representation or recommendation to any Holder as to whether or not to surrender or convert that Holder's Notes. The Trustee, Paying Agent and Conversion Agent is: U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION Corporate Actions 111 Fillmore Avenue St. Paul, MN 55107-1402 Telephone: (800) 934-6802 Email: cts.specfinance@usbank.com Any questions or requests for assistance in connection with the conversion of the Notes may be directed to U.S. Bank Trust Company, National Association, in accordance with the contact information listed above, or the Company. About Envestnet Envestnet is helping to lead the growth of wealth managers and transforming the way financial advice is delivered through its ecosystem of connected technology, advanced insights, and comprehensive solutions – backed by industry-leading service and support. Serving the wealth management industry for 25 years with more than $6.5 trillion in platform assets—more than 111,000 advisors, 17 of the 20 largest U.S. banks, 48 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs -- thousands of companies, depend on Envestnet technology and services to help drive business growth and productivity, and better outcomes for their clients. Data as of 9/30/24. View original content to download multimedia: https://www.prnewswire.com/news-releases/envestnet-inc-announces-make-whole-fundamental-change-and-supplemental-indentures-under-its-0-75-convertible-notes-due-2025-and-2-625-convertible-notes-due-2027--302317032.html SOURCE Envestnet, Inc.
AP Business SummaryBrief at 7:36 a.m. ESTAs they get ready to take on the Miami Heat (7-7) on Wednesday, November 27 at Spectrum Center, with tip-off at 7:00 PM ET, the Charlotte Hornets (6-11) have six players currently listed on the injury report. The Heat’s injury report has two players on it. Watch the NBA, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. The Hornets are coming off of a 95-84 loss to the Magic in their most recent outing on Monday. LaMelo Ball scored a team-best 44 points for the Hornets in the loss. The Heat are coming off of a 123-118 OT win over the Mavericks in their most recent outing on Sunday. In the Heat’s win, Jimmy Butler led the team with 33 points (adding nine rebounds and six assists). Sign up for NBA League Pass to get live and on-demand access to NBA games. Get tickets for any NBA game this season at StubHub. Catch NBA action all season long on Fubo. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setupTrump-Musk bromance ‘attractive to young Aussie males’ lacking political role modelsBharat Sanchar Nigam Limited (BSNL), during its “Ask BSNL” campaign conducted on X (formerly Twitter) on December 20, shared several significant updates about the progress of its 4G network rollout and other upcoming services. Among the key announcements, the state-owned telecom company confirmed its plan to introduce eSIM services by March 2025. This development is particularly important for users of devices from manufacturers like Apple and Google, which typically feature a single physical SIM card slot alongside an eSIM option. BSNL also reiterated its commitment to completing the nationwide rollout of its 4G network by June 2025. As part of this expansion, the company plans to introduce supplementary services like Voice over LTE (VoLTE) and Voice over Wi-Fi (VoWiFi) in a gradual, phased approach. These enhancements aim to improve the user experience and provide seamless connectivity across the network. #AskBSNL BSNL is in the process of rolling out 4G services pan India, and the process is likely to be completed by June 2025. eSIM will be made available in next three months. VoWifi feature is being tested in BSNL Network. We expect to launch it all over India basis in near... https://t.co/fqH0PJQ51h — BSNL India (@BSNLCorporate) December 20, 2024 ALSO READ | Samsung Terminates Employees For Leaking Images Of Samsung Galaxy S25 Ultra: Report Will BSNL Increase Tariffs? Sandeep Govil, Director of Consumer Mobility on the BSNL board, addressed concerns about potential price changes. He assured users that BSNL currently has no intention of raising tariffs, providing a sense of relief to customers. This announcement comes at a time when all three major private telecom providers in India have recently implemented price hikes, making BSNL a more appealing alternative for those considering a switch. These updates highlight BSNL's efforts to enhance its service offerings while maintaining affordability for its subscribers. BSNL's 4G network rollout is set to be supported by the deployment of 22,000 towers across India as part of the ambitious 4G saturation project. The telecom company aims to establish a total of 100,000 towers nationwide, with plans to expand this infrastructure in subsequent phases based on future requirements. In addition to its 4G efforts, BSNL has been introducing various innovative services. Notably, the company serves as the exclusive provider of global satellite phone services in India. BSNL has also become the first telecom operator in the country to offer direct-to-device satellite connectivity. However, specific details regarding the subscription process for this cutting-edge service are yet to be disclosed, leaving customers eager for further information.
Jared Birchall, Elon Musk’s money manager and the head of his family office, is listed as the chief executive officer. Jehn Balajadia, a longtime Musk aide who has worked at SpaceX and the Boring Co., is named as an official contact. Related Articles But they’re not connected to Musk’s new technology venture, or the political operation that’s endeared him to Donald Trump. Instead, they’re tied to the billionaire’s new Montessori school outside Bastrop, Texas, called Ad Astra, according to documents filed with state authorities and obtained via a Texas Public Information Act request. The world’s richest person oversees an overlapping empire of six companies — or seven, if you include his political action committee. Alongside rockets, electric cars, brain implants, social media and the next Trump administration, he is increasingly focused on education, spanning preschool to college. One part of his endeavor was revealed last year, when Bloomberg News reported that his foundation had set aside roughly $100 million to create a technology-focused primary and secondary school in Austin, with eventual plans for a university. An additional $137 million in cash and stock was allotted last year, according to the most recent tax filing for the Musk Foundation. Ad Astra is closer to fruition. The state documents show Texas authorities issued an initial permit last month, clearing the way for the center to operate with as many as 21 pupils. Ad Astra’s website says it’s “currently open to all children ages 3 to 9.” The school’s account on X includes job postings for an assistant teacher for preschool and kindergarten and an assistant teacher for students ages 6 to 9. To run the school, Ad Astra is partnering with a company that has experience with billionaires: Xplor Education, which developed Hala Kahiki Montessori school in Lanai, Hawaii, the island 98% owned by Oracle Corp. founder Larry Ellison. Ad Astra sits on a highway outside Bastrop, a bedroom community about 30 miles from Austin and part of a region that’s home to several of Musk’s businesses. On a visit during a recent weekday morning, there was a single Toyota Prius in the parking lot and no one answered the door at the white building with a gray metal roof. The school’s main entrance was blocked by a gate, and there was no sign of any children on the grounds. But what information there is about Ad Astra makes it sound like a fairly typical, if high-end, Montessori preschool. The proposed schedule includes “thematic, STEM-based activities and projects” as well as outdoor play and nap time. A sample snack calendar features carrots and hummus. While Birchall’s and Balajadia’s names appear in the application, it isn’t clear that they’ll have substantive roles at the school once it’s operational. Musk, Birchall and Balajadia didn’t respond to emailed questions. A phone call and email to the school went unanswered. Access to high quality, affordable childcare is a huge issue for working parents across the country, and tends to be an especially vexing problem in rural areas like Bastrop. Many families live in “childcare deserts” where there is either not a facility or there isn’t an available slot. Opening Ad Astra gives Musk a chance to showcase his vision for education, and his support for the hands-on learning and problem solving that are a hallmark of his industrial companies. His public comments about learning frequently overlap with cultural concerns popular among conservatives and the Make America Great Again crowd, often focusing on what he sees as young minds being indoctrinated by teachers spewing left-wing propaganda. He has railed against diversity, equity and inclusion efforts, and in August posted that “a lot of schools are teaching white boys to hate themselves.” Musk’s educational interests dovetail with his new role as Trump’s “first buddy.” The billionaire has pitched a role for himself that he — and now the incoming Trump administration — call “DOGE,” or the Department of Government Efficiency. Though it’s not an actual department, DOGE now posts on X, the social media platform that Musk owns. “The Department of Education spent over $1 billion promoting DEI in America’s schools,” the account posted Dec. 12. Back in Texas, Bastrop is quickly becoming a key Musk point of interest. The Boring Co., his tunneling venture, is based in an unincorporated area there. Across the road, SpaceX produces Starlink satellites at a 500,000-square-foot (46,000-square-meter) facility. Nearby, X is constructing a building for trust and safety workers. Musk employees, as well as the general public, can grab snacks at the Boring Bodega, a convenience store housed within Musk’s Hyperloop Plaza, which also contains a bar, candy shop and hair salon. Ad Astra is just a five-minute drive away. It seems to have been designed with the children of Musk’s employees — if not Musk’s own offspring — in mind. Musk has fathered at least 12 children, six of them in the last five years. “Ad Astra’s mission is to foster curiosity, creativity, and critical thinking in the next generation of problem solvers and builders,” reads the school’s website. A job posting on the website of the Montessori Institute of North Texas says “While their parents support the breakthroughs that expand the realm of human possibility, their children will grow into the next generation of innovators in a way that only authentic Montessori can provide.” The school has hired an executive director, according to documents Bloomberg obtained from Texas Health and Human Services. Ad Astra is located on 40 acres of land, according to the documents, which said a 4,000-square-foot house would be remodeled for the preschool. It isn’t uncommon for entrepreneurs to take an interest in education, according to Bill Gormley, a professor emeritus at the McCourt School of Public Policy at Georgetown University who studies early childhood education. Charles Butt, the chairman of the Texas-based H-E-B grocery chain, has made public education a focus of his philanthropy. Along with other business and community leaders, Butt founded “Raise Your Hand Texas,” which advocates on school funding, teacher workforce and retention issues and fully funding pre-kindergarten. “Musk is not the only entrepreneur to recognize the value of preschool for Texas workers,” Gormley said. “A lot of politicians and business people get enthusiastic about education in general — and preschool in particular — because they salivate at the prospect of a better workforce.” Musk spent much of October actively campaigning for Trump’s presidential effort, becoming the most prolific donor of the election cycle. He poured at least $274 million into political groups in 2024, including $238 million to America PAC, the political action committee he founded. While the vast majority of money raised by America PAC came from Musk himself, it also had support from other donors. Betsy DeVos, who served as education secretary in Trump’s first term, donated $250,000, federal filings show. The Department of Education is already in the new administration’s cross hairs. Trump campaigned on the idea of disbanding the department and dismantling diversity initiatives, and he has also taken aim at transgender rights. “Rather than indoctrinating young people with inappropriate racial, sexual, and political material, which is what we’re doing now, our schools must be totally refocused to prepare our children to succeed in the world of work,” Trump wrote in Agenda 47, his campaign platform. Musk has three children with the musician Grimes and three with Shivon Zilis, who in the past was actively involved at Neuralink, his brain machine interface company. All are under the age of five. Musk took X, his son with Grimes, with him on a recent trip to Capitol Hill. After his visit, he shared a graphic that showed the growth of administrators in America’s public schools since 2000. Musk is a fan of hands-on education. During a Tesla earnings call in 2018, he talked about the need for more electricians as the electric-car maker scaled up the energy side of its business. On the Joe Rogan podcast in 2020, Musk said that “too many smart people go into finance and law.” “I have a lot of respect for people who work with their hands and we need electricians and plumbers and carpenters,” Musk said while campaigning for Trump in Pennsylvania in October. “That’s a lot more important than having incremental political science majors.” Ad Astra’s website says the cost of tuition will be initially subsidized, but in future years “tuition will be in line with local private schools that include an extended day program.” “I do think we need significant reform in education,” Musk said at a separate Trump campaign event. “The priority should be to teach kids skills that they will find useful later in life, and to leave any sort of social propaganda out of the classroom.” ©2024 Bloomberg News. Visit at bloomberg.com. Distributed by Tribune Content Agency, LLC.Japanese researchers test pioneering drug to regrow teethSodium-ion batteries hit 458 Wh/kg: Breakthrough material closes gap with lithium
CES 2025 preview: What to expect