Latest news with #AMSTERDAM
Globe and Mail
an hour ago
- Business
- Globe and Mail
Hivello's HVLO Token Now Available in Binance Mobile App
LONDON and AMSTERDAM, July 18, 2025 (GLOBE NEWSWIRE) -- Hivello, a DePIN aggregator that enables users to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), announces a significant expansion of its ecosystem. The $HVLO token is now fully integrated with the Binance Wallet application, enabling users to seamlessly swap and stake $HVLO directly from the familiar Binance mobile application UI. This integration marks a pivotal moment for the $HVLO community, offering unprecedented accessibility and utility. Binance Wallet, a self-custody Web3 wallet built into the Binance App, provides a secure and user-friendly gateway to the decentralized world. Key Highlights of the Integration: Effortless Swaps: Users can now perform instant swaps of HVLO tokens with other supported cryptocurrencies directly within the Binance Wallet interface Direct Staking: HVLO holders can now stake their tokens directly from the Binance Wallet application to earn rewards. This streamlined staking process makes it easier than ever for users to participate in the Hivello ecosystem's growth and benefit from its long-term vision. Enhanced Accessibility: HVLO dramatically expands its reach to millions of Binance users worldwide. This integration empowers a broader audience to engage with the Hivello network, contributing to its decentralization and adoption. Seamless User Experience: The integration provides a consistent and intuitive experience for users already familiar with the Binance mobile application, reducing friction and enhancing overall usability. The Hivello project aims to simplify participation in DePINs, allowing users to monetize their idle computing resources with ease. This integration with Binance Wallet further solidifies Hivello's position as a leader in making Web3 more user-friendly and inclusive. Users can access these new functionalities by ensuring they have the latest version of the Binance mobile application and activating their Binance Wallet. "We are incredibly excited to bring $HVLO to the vast and engaged community within the Binance ecosystem," said Domenic Carosa, Co-Founder & Chairman of Hivello. "This integration with Binance Wallet significantly lowers the barrier to entry for users looking to engage with DePINs and earn passive income through $HVLO. It's a testament to our commitment to making decentralized technologies accessible and beneficial for everyone." About Hivello: Hivello is a DePIN aggregator that radically simplifies and opens up DePIN mining to everyone. By aggregating various DePIN networks into a hyper-intelligent, user-friendly node application, Hivello eliminates technical barriers, enabling anyone to participate and earn from decentralized infrastructure by monetizing their idle computing resources. Hivello's mission is to onboard the next wave of Web2 users into Web3, making passive income accessible with just a few clicks. About Binance Wallet: Binance Wallet is a self-custody Web3 wallet built directly into the Binance App. It provides users with full control over their digital assets through advanced multi-party computation (MPC) technology, eliminating the need for a traditional seed phrase while maintaining robust security. Binance Wallet simplifies interaction with various blockchain applications, including cross-chain token exchanges, DeFi protocols, and DApps, offering a seamless and secure entry point into the Web3 world.
Yahoo
11 hours ago
- Business
- Yahoo
AM Best Upgrades Credit Ratings of SIAT-Società Italiana Assicurazioni e Riassicurazioni p.A.
AMSTERDAM, July 17, 2025--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to "a" (Excellent) from "a-" (Excellent) of SIAT-Società Italiana Assicurazioni e Riassicurazioni p.A. (SIAT) (Italy), a subsidiary of Unipol Assicurazioni S.p.A. (Unipol). The outlook of these Credit Ratings (ratings) is stable. The upgrades follow the improvement in the financial strength of SIAT's ultimate parent, Unipol, which was assigned an FSR of A (Excellent) and a Long-Term ICR of "a" (Excellent) on 17 July 2025. The ratings reflect SIAT's balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). The ratings factor in SIAT's importance to, and integration into the operations of Unipol, as well as AM Best's expectation that Unipol would provide prompt and sufficient financial support to its subsidiary, should it be needed. SIAT's Best's Capital Adequacy Ratio (BCAR) assessment was at the very strong level at year-end 2024, and AM Best expects it to be maintained, at least, at that very strong level over the medium term. SIAT maintains a strong liquidity profile, with liquid investments accounting for approximately 151% of net technical liabilities at year-end 2024. Partially offsetting factors to the balance sheet strength include the company's investment concentration in Italian government bonds and its dependence on reinsurance to write high-value risks. SIAT has a track record of adequate operating performance, supported by good underwriting profitability, with volatility contained by the company's effective reinsurance programme. In 2024, pre-tax profits amounted to EUR 11.1 million (adjusted by AM Best for extraordinary income and expenses), with the combined ratio standing at 84.4% (as calculated by AM Best). SIAT's five-year average combined ratio stood at 87.9% (2020-2024) (as calculated by AM Best). AM Best expects SIAT to continue to report adequate performance, supported by selective underwriting. SIAT has an established reputation as a niche insurer in the marine hull and cargo segments, in which it ranks among the leading players in Italy. In addition, the company's business profile benefits from its reciprocal outsourcing agreements with Unipol. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Andrea PortaSenior Financial Analyst +31 20 808 1700 Jose Berenguer Associate Director, Analytics +31 20 808 2276 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 hours ago
- Business
- Yahoo
AM Best Assigns Credit Ratings to Unipol Assicurazioni S.p.A.
AMSTERDAM, July 17, 2025--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of "a" (Excellent) to Unipol Assicurazioni S.p.A. (Unipol) (Italy). The outlook assigned to these Credit Ratings (ratings) is stable. On 31 December 2024, Unipol incorporated UnipolSai Assicurazioni S.p.A., which was rated previously by AM Best as A- (Excellent) with a stable outlook. The ratings reflect Unipol's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. Unipol's balance sheet strength is underpinned by its strongest risk-adjusted capitalisation, as measured by Best's Capital Adequacy Ratio (BCAR). Furthermore, the company reported a solid Solvency II SCR ratio of 212% as of year-end 2024 (2023: 215%). Factors supporting the balance sheet strength assessment include the company's low reinsurance dependence, good internal capital generation and proven financial flexibility. A partially offsetting rating factor is the material, albeit reducing, concentration of Unipol's investment portfolio in Italian government bonds (30.3% of investments at year-end 2024), which exposes its risk-adjusted capitalisation to volatility. Furthermore, strategic investments in Italian banking affiliates add to overall asset risk. Unipol has a track record of strong and stable operating performance, driven by sound non-life and life segments. The company reported a net result of EUR 1.1 billion in 2024, which translates into a return on equity of 11.5% (as calculated by AM Best) (2023: 14.5%). Non-life technical performance in 2024 was underpinned by a combined ratio of 93.3% (as calculated by AM Best). Life business exhibits healthy margins between the average yield of segregated accounts and the minimum guarantee (2.45% at year-end 2024). Unipol is one of the largest players in the Italian non-life insurance market, with a particularly strong position in the motor segment. The company also benefits from a good competitive position in the local life market. Performance is supported by the company's access to data and sophisticated pricing capabilities, as well as its extensive use of telematics applied to the non-life segment. However, the concentration of its business portfolio in Italy exposes Unipol's operations to any potential adverse changes in the country's economic, political and regulatory environments. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Andrea Porta Senior Financial Analyst +31 20 808 1700 Jose Berenguer Associate Director, Analytics +31 20 808 2276 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
4 days ago
- Business
- Globe and Mail
Blockmate Ventures Inc. Investor Presentation Recording
LONDON and AMSTERDAM, July 14, 2025 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (' Blockmate ' or the ' Company ') presented at the AI & Technology Virtual Investor Conference on July 10, 2025, providing updates and upcoming growth initiatives for its investees Hivello and Blockmate Mining. The update was provided by Blockmate Co-Founder & Chairman, Domenic Carosa who detailed upcoming corporate and operational plans for Blockmate and its investees which included: Blockmate's venture builder model with non-dilutive growth Strong uptake of the Hivello platform with approximately 10,000 nodes now running to generate passive income for Hivello users Blockmate Mining: High-capacity, low-cost Bitcoin & AI mining Plans to launch a third venture and early Nasdaq interest in the mining arm Investors can view a recording of the presentation in full here: A copy of the presentation materials can also be viewed here: About Blockmate Ventures Inc. Blockmate Ventures (TSX.V: MATE) is a Blockchain & Web3 venture builder investing in and operating scalable blockchain, mining, and digital infrastructure companies. From decentralized computing with Hivello to Blockmate Mining, the Company's portfolio provides investors with diversified exposure to emerging sectors within Web3 and beyond. To learn more, visit Blockmate welcomes investors to join the Company's mailing list for the latest updates, webinars and industry research by subscribing at ON BEHALF OF THE BOARD OF DIRECTORS Justin Rosenberg, CEO Blockmate Ventures Inc justin@ (+1-580-262-6130) Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Information This news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.
Reuters
5 days ago
- Sport
- Reuters
Veteran coach Van Gaal says he is cured of cancer
AMSTERDAM, July 12 (Reuters) - Veteran coach Louis van Gaal says he has been cured of cancer and is keen for a return to the higher levels of the game. The 73-year-old announced three years ago that he was suffering from prostate cancer, but told a Dutch television talk show: "I'm no longer bothered by cancer." When he announced his illness, Van Gaal was the coach of the Dutch national team but he has not worked since the last World Cup in Qatar in 2022. "Two years ago, I had a few operations. It was all bad then. But it all worked out in the end. I have check-ups every few months, and that's going well. I'm getting fitter and fitter," he said. Van Gaal, whose career has taken in stints at Ajax Amsterdam, Barcelona, Bayern Munich and Manchester United, reiterated a lack of interest in returning to club management but said becoming the national coach of a top-tier country could tempt him back. He now serves as a special advisor to Ajax.
