Latest news with #BABY
Yahoo
4 days ago
- Business
- Yahoo
Babylon Introduces Trustless Bitcoin Vaults for BTC Staking Protocol
Bitcoin (BTC) project Babylon took another step toward offering a decentralized finance (DeFi) experience on its $5 billion staking protocol akin to that seen elsewhere in the crypto world. The latest development is the introduction of trustless vaults, designed to allow BTC holders to deposit their tokens without relying on a centralized entity, as outlined in a new white paper shared with CoinDesk on Wednesday. In DeFi ecosystems, trustless vaults are a form of digital asset storage or management that removes the need for users to trust a central authority or intermediary. Instead, the systems use smart contracts to ensure security and enforce the rules of the vault. Babylon says its vaults will allow bitcoin to be used as collateral in DeFi applications such as lending and stablecoin issuance, as well as the staking that its protocol provides. Users can also earn yield on their BTC holdings by staking it to support the operation of proof-of-stake networks. They then receive rewards paid in BABY, Babylon's native token. The development forms part of the broader movement to utilize the enormous value held in bitcoin to power DeFi activity across other blockchains. Accounting for over 60% of the total cryptocurrency market cap, bitcoin is worth comfortably more than every other digital asset combined and could prove a far more potent source of blockchain-based fuel than any other crypto in existence. Existing bridges that allow bitcoin to be deployed on external blockchains rely on centralized third parties. Furthermore, Bitcoin's scripting language does not allow for covenants — mechanisms that allows specific conditions on how the funds can be spent in the future — although not for a lack of trying from developers. The absence makes it harder to build trustless bridges. Babylon proposes solving this by providing on-chain vaults, with the stored BTC tied to a specific smart contract protocol on an external chain. This harnesses BitVM3, the latest evolution of BitVM, a framework for enabling smart contracts on Bitcoin. BitVM3 is designed to improve the efficiency of its predecessor by moving the bulk of computational work off-chain using "garbled circuits," to make fraud proofs more compact on-chain. The trustless bitcoin vaults are "programmable, and withdrawals are permitted only when a zero-knowledge proof of a specific smart contract state is verified on the Bitcoin chain," Babylon said in the abstract of the paper. "Together with an appropriate Bitcoin scripting design of the vault, this eliminates the need for mutual trust among parties."
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Micro Cap Surges on Major Retail Breakthrough
Landing a product in Walmart is considered the holy grail for many small and medium-sized companies, as it can significantly boost sales and elevate brand recognition. Today, a micro-cap stock is surging on news of just that. Shares of Else Nutrition Holdings Inc. (TSX: BABY) (OTCQX: BABYF) are trending higher today after the company—a leader in plant-based nutrition for both early life and adult health—announced an expanded footprint in the U.S. retail market. The company has launched its Ready-to-Drink (RTD) products in a major grocery retail chain. While Else did not explicitly name the retailer, a prominently featured image of a Walmart (NYSE:WMT) store left little doubt. As of May 2025, Else's clean-label Kids RTD products are available in 1,000 locations nationwide. Originally launched in 2024, Else's RTD kids' shakes have rapidly gained popularity among parents seeking nutritious, dairy-free, and soy-free alternatives for their children. "We are thrilled to see our RTD line gain a prominent spot on the shelves of this retail giant," said Hamutal Yitzhak , CEO & Co-Founder of Else Nutrition. "This milestone demonstrates the strength of the Kids RTD category and the increasing consumer demand for clean-label, plant-based options. Kids don't need another ultra-processed drink, and our minimally processed ingredients-based shakes are the only whole-food-based option that both parents and kids love." Shares of BABY were last trading up 50% at $0.015 while U.S. listed BABYF was up 26.32% at $0.012 in mid-morning trading. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Globe and Mail
14-05-2025
- Business
- Globe and Mail
ELSE NUTRITION PROVIDES BI-WEEKLY DEFAULT STATUS REPORT
VANCOUVER, BC , May 13, 2025 /CNW/ - ELSE NUTRITION HOLDINGS INC. (TSX: BABY) (OTCQX: BABYF) (FSE: 0YL) (the " Company") is providing this bi-weekly default status report in accordance with National Policy 12-203 Management Cease Trade Orders (" NP 12-203"). On April 1, 2025 , the Company announced in a news release (the " MCTO Announcement") that it has been granted a voluntary cease trade order (" MCTO") by British Columbia Securities Commission in accordance with National Policy 12-203 due to time constraints in completing the audit procedures for the filing of its annual financial statements, management's discussion and analysis (" MD&A") and annual information form (" AIF")(collectively, the " Annual Filings") for the year ended December 31, 2024 on SEDAR within 90 days of its financial year-end. The MCTO prohibits the Chief Executive Officer and Chief Financial Officer from all trading in securities of the Company until such time as the Annual Filings have been filed by the Company and the MCTO has been lifted. The MCTO does not affect the ability of other shareholders of the Company to trade in securities of the Company. Pursuant to NP 12-203, the Company must file bi-weekly default status reports in the form of further news releases during the period of the MCTO. The Company confirms that since the date of the MCTO Announcement: (i) there has been no material change to the information contained as set out in the MCTO Announcement; (ii) there has been no failure to satisfy the provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been any other specified default subsequent by the Company under NP 12-203; and (iv) there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company reports that it is working diligently with its auditor to complete the audit of the financial statements for the year ended December 31, 2024 . The company expects to file its Annual Filings by May 27 , and in any event no later than May 30, 2025 , and will issue a news release once they have been filed. Until filing of the Annual Filings, the Company intends to satisfy the provisions of the alternative information guidelines as required by NP 12-203. About Else Nutrition Holdings Inc. Else Nutrition Holdings Inc. is a food and nutrition company in the international expansion stage focused on developing innovative, clean, and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy formula is a clean-ingredient alternative to dairy-based formulas. Since launching its Plant-Based Complete Nutrition for Toddlers, made of whole foods, almonds, buckwheat, and tapioca, the brand has received thousands of powerful testimonials and reviews from parents, gained national retailer support, and achieved rapid sales growth. Awards and Recognition: "2017 Best Health and Diet Solutions" award at Milan's Global Food Innovation Summit #1 Best Seller on Amazon in the Fall of 2020 in the New Baby & Toddler Formula Category "Best Dairy Alternative" Award 2021 at World Plant-Based Expo Nexty Award Finalist at Expo West 2022 in the Plant-Based lifestyle category During September 2022 , Else Super Cereal reached the #1 Best Seller in Baby Cereal across all brands on Amazon For more information, visit or @elsenutrition on Facebook and Instagram. Caution Regarding Forward-Looking Statements This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "will" or similar expressions. Forward-looking statements in this press release include but are not limited to, statements with respect to the Company filing its annual financial statements, MD&A and AIF. These forward-looking statements are made as of the date of this press release. Such forward-looking statements reflect current estimates, beliefs and assumptions, which are based on management's perception of current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, variations in market conditions; currency exchange rates; the Company's ability to obtain any necessary permits, consents or authorizations required for its activities; the Company's ability to access further funding, to continue its projected growth, or to be fully able to implement its business strategies. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results may differ from the estimates, beliefs and assumptions expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management's expectations only as of the date of this press release. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Scottish Sun
13-05-2025
- Entertainment
- Scottish Sun
Atomic Kitten star, 44, pregnant with first child after two decade long struggle to conceive
This star shared an sweet video to reveal her baby joy BABY KITTEN Atomic Kitten star, 44, pregnant with first child after two decade long struggle to conceive AN ATOMIC Kitten star, 44, has revealed she is pregnant with her first child after a two decade long struggle trying to conceive. Liz McClarnon is now getting ready to welcome a new kitten into the world, and she couldn't be happier. Advertisement 1 Liz McClarnon is having a baby Credit: Getty The singer, took to Instagram to share a sweet video, where she revealed she is pregnant. In the short clip she can be seen sitting on a bench before getting up to reveal her huge baby bump More on this story to follow...
Business Wire
12-05-2025
- Business
- Business Wire
Beyond, Inc. Expands Strategic Investment in Kirkland's Home
MURRAY, Utah--(BUSINESS WIRE)--Beyond, Inc. (NYSE:BYON) (the 'Company'), owner of Bed Bath & Beyond, Overstock, buybuy BABY, and a blockchain asset portfolio, announced the closing of a $5.2 million expansion of the existing credit facility with Kirkland's, Inc. (Nasdaq: KIRK). The upsized facility is intended to strengthen Kirkland's financial position, provide flexibility for general working capital purposes and support an updated store conversion strategy. Additionally, the companies have entered into an agreement for Beyond to acquire the rights of Kirkland's in the Kirkland's brand, expanding Beyond's portfolio of iconic brands. Marcus Lemonis, Beyond's Executive Chairman and Principal Executive Officer, commented, 'Our expanded investment in Kirkland's represents another step in our vision to create a family of trusted, iconic brands that serve customers where they are, both online and in local communities. We are excited to bring a much-desired omni experience to our valuable customers. We have broadened the brick-and-mortar store conversion strategy to include the Bed Bath & Beyond Home concept and buybuy BABY. We also see great value in enhancing our intellectual property portfolio to include Kirkland's Home within our family of brands alongside Bed Bath & Beyond, Overstock, and buybuy BABY, among others. We expect this to enhance Beyond's brand equity and unlock new revenue streams across retail formats.' In connection with the credit facility expansion noted above, the Company and Kirkland's have agreed to certain amendments and modifications to existing agreements previously entered into between the companies, including: Credit Facility Expansion: An Amended and Restated Term Loan Credit Agreement, whereby Beyond provided Kirkland's with additional financing in an aggregate principal amount of $5 million plus accrued interest under the prior facility with Kirkland's and outstanding collaboration fees under the prior collaboration agreement between the parties. Under this amended agreement, Beyond has the option to convert the outstanding debt into shares of Kirkland's common stock, subject to Nasdaq shareholder approval rules, if applicable. In connection with the expansion of the credit facility, both Beyond and lender Bank of America have provided waivers to Kirkland's with respect to the event of default for non-compliance with certain covenants disclosed in the Kirkland's Annual Report on Form 10-K for the year ended February 1, 2025, filed with the Securities and Exchange Commission on May 2, 2025. Brand Portfolio Expansion: The parties have entered into an Asset Purchase Agreement pursuant to which, subject to senior lender approvals, Beyond will acquire from Kirkland's all of its trademarks that contain 'Kirkland,' along with certain related assets, with the intent to license the trademarks back to Kirkland's for use in connection with their existing retail stores and associated e-commerce websites. Enhanced Collaboration Terms: The parties have also entered into an Amended and Restated Collaboration Agreement whereby the parties have agreed to increase the 'collaboration fee' it receives from 0.25% to 0.50% on all of Kirkland's brick-and-mortar retail revenue to capture expanded branding opportunity while eliminating Kirkland's prior 3% royalty obligations on net sales in Kirkland's-operated Bed Bath & Beyond and Overstock retail locations. Updated License and Store Strategy: The parties have amended their existing License Agreement to include a license to Kirkland's to open and operate Bed Bath & Beyond Home and buybuy BABY stores within the neighborhood format retail footprint. Strengthened Capital Structure Flexibility and Governance: The transaction further includes the removal of transfer and voting restrictions associated with the shares of Kirkland's stock that were previously issued under the Subscription Agreement, the removal of the standstill period previously in effect under the Investor Rights Agreement, and the addition of provisions under which Beyond may appoint one additional nominee to the Kirkland's Board of Directors. About Beyond Beyond, Inc. (NYSE:BYON), based in Murray, Utah, is an ecommerce-focused retailer with an affinity model that owns or has ownership interests in various retail brands, offering a comprehensive array of products and services that enable its customers to enhance everyday life through quality, style, and value. The Company currently owns Bed Bath & Beyond, Overstock, buybuy BABY, and other related brands and websites as well as a blockchain asset portfolio. The Company regularly posts information and updates on its Newsroom and Investor Relations pages on its website, Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include all statements other than statements of historical fact, including but not limited to statements regarding the anticipated benefits of the transactions for any party, licensing arrangements, Beyond's brand equity, future revenue streams, shareholder approval, and the timing of any of the foregoing. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the factors found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 25, 2025, Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the SEC on April 29, 2025, and in our subsequent filings with the SEC.
