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Crypto Market Update: How Galaxy Fox and Other Newcomers Are Shaping the Future of Online Gaming

RoundHouse Media

The world of online gaming has seen a lot of surprises this year with the launch of the play-to-earn concept. One can easily find plenty of cryptocurrencies that are playing an important role in this transformation. Galaxy Fox is one such crypto coin that has completely changed the way gamers look at online gaming. Let’s find out more detail on why these are the top crypto coins to invest in 2024 and get handsome returns while enjoying the game. The Rise of Cryptocurrency in Online Gaming We all know that cryptocurrencies have been around for many years now but online gaming has been exponentially growing after the covid era. It has become a game-changer as many find it interesting to spend their time at online gaming and get rewards for the same.Cryptocurrencies offer a range of benefits for online gaming that includes guaranteed rewards and faster transactions. One major advantage is the decentralization of transactions. Traditional payment methods involve intermediaries that slow down transactions and increase costs. Cryptocurrencies eliminate these middlemen so that gamers can make instant payments with minimal fees. Another significant benefit is the level of security. Cryptocurrencies use blockchain technology, which is renowned for its security features. This ensures that transactions are secure and transparent, reducing the risk of fraud. Introducing Galaxy Fox Galaxy Fox is making a significant mark in the world of digital currencies and online gaming. As a full-utility meme coin, it stands out not just for its fun and engaging branding but also for its practical applications and robust ecosystem. Launched on May 11, Galaxy Fox introduces a Play-to-Earn (P2E) game that allows players to earn $GFOX tokens by excelling in gameplay. All you have to do is play the web3 runner game and beat your competitors. You will be getting the $GFOX tokens as a reward which can be later encashed for real money. There will be regular competitions where monthly winners will be given additional prizes for their continuous gaming efforts. What makes Galaxy Fox the best cryptocurrency to buy now is its deflationary nature. As tokens are used, a certain number of tokens are permanently removed from the market. This helps to increase the value of the coins over time and make the supply limited. Galaxy Fox treasury plays a very important role in supporting the project’s growth and development. It funds various initiatives, including community rewards and ongoing development efforts. Galaxy Fox also has more than 3000 unique NFTs with its exclusive collection and marketplace. The NFTs carry unique characters from the Galaxy Fox universe. These can be minted and traded to add more value for users. You can also find Galaxy Fox merchandise to buy unique items from their marketplace. Overall, it is one of the best altcoins to invest in the online gaming industry. >>BUY $GFOX TOKENS<< Other Prominent Newcomers Galaxy Fox is not alone in the path to revolutionize online gaming. Many other new cryptocurrencies are also making significant impacts. Here are a few notable mentions: Axie Infinity (AXS): This cryptocurrency powers the popular game Axie Infinity. Players earn AXS by participating in the game, which can then be traded or used for in-game purchases. This play-to-earn model is gaining popularity, as it offers gamers a way to monetize their hobby. Enjin Coin (ENJ): Enjin Coin is designed for the gaming community. It allows developers to create and manage virtual goods on the blockchain. This means gamers can buy, sell, and trade virtual items with real value. Enjin Coin also supports a marketplace for these transactions to make the gaming experience better. Conclusion The integration of cryptocurrencies like Galaxy Fox into online gaming is just the beginning. As technology advances, we can expect even more innovations. DAOs are organizations governed by smart contracts on the blockchain. In Galaxy Fox, DAOs could allow players to have a say in game development and governance. So, if you are looking for a top crypto coin in the online gaming space, consider adding Galaxy Fox to your portfolio. Learn more about $GFOX here: Visit Galaxy Fox Presale | Join the Community Contact Details Roundhouse Media

June 13, 2024 04:00 PM Eastern Daylight Time

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Metis Introduces Governance Proposal for Liquid Staking Tokens (LST)


Metis, the first Ethereum Layer 2 to decentralize its sequencer, has finalized a governance proposal intended to accelerate the growth of Liquid Staking Tokens (LST) and LST-focused products on Metis, leveraging the $4.6M Metis Ecosystem Development Fund. The proposal, approved today through Community Ecosystem Governance, enables Metis to continue pushing the boundaries of the Ethereum Layer 2 ecosystem. By further decentralizing the network, Metis is fostering community-driven growth while ensuring robust governance and economic security. The term “LST” comes from the tokens’ inherent liquidity, which allows users to stake their assets and receive a receipt token that can be used on other protocols. Users are able to maintain capital flexibility while they earn rewards on their staked assets. Anyone can navigate the Metis DeFi landscape with LSTs to find additional yield while their tokens are staked accruing value. With the approved LST Governance Proposal, Metis establishes a process for pairing node operators with LST protocols, opening the door for all users to stake their tokens. A limited number of LST applicants will win the right to be paired with a decentralized sequencer node, which allows liquid staking to a pool of 20,000 to 100,000 METIS tokens per node. Onboarding will occur in progressive stages. Phase 1, the Alpha launch of the Decentralized Sequencer, was completed in March when Metis opened 4 sequencer nodes to ensure smooth transitions and network stability for Metis LST protocols. Phase 2, completed in April, introduced multiple transactions within a block to enhance Metis' network throughput, private transaction pool for the sequencer nodes to facilitate a fixed confirmation time of 2 seconds, and sequencer mining, which allows Metis to properly align incentives across all network participants. In addition, Artemis Finance and Enki Protocol became the first two LST protocols for the Alpha Phase. Phase 3, the Main launch, will be completed this month, during which Metis Foundation will facilitate the opening of additional sequencer nodes to be paired with LST protocols. A community governance process will occur whereby the passed proposals that receive the most METIS votes and quorum will have the opportunity to be paired with the sequencer node. In Stage 1 of this process, all potential LST protocols will submit their proposals on a Metis Governance Forum to be voted on by the community. Next, in Stage 2, the sequencer node provider will choose a qualified LST protocol that passed the voting and submit a Metis Governance Forum announcement to explain their decision to the community. The next phase will consider subsequent LST protocol applications should the sequencer nodes onboarding community choose to open external access to newly added nodes, in which case the steps in Stage 2 mentioned above will be repeated at the time of onboarding. The LST protocol will be proposed using the Metis Governance Forum. Voting will take place on Snapshot using the LST Protocol Proposal suffix, and only the top vote-getting LST protocols will be eligible for pairing with a sequencer node. There’s a quorum requirement of 20,000 METIS tokens and 500 or more wallet addresses participating. Eighty percent or more approval is required for passage. About Metis Metis is an EVM-Equivalent Ethereum Layer-2 network focused on bridging the gap between Web2 and Web3. Metis provides users with a decentralized and scalable easy-to-use network secured by Ethereum. Metis became the first Ethereum rollup to decentralize its sequencer with the launch of Decentralized Sequencer, which enhances network security, provides network ownership to node operators and allows more revenue earning opportunities for users. | YouTube | Twitter | Reddit | Telegram | Telegram Announcement | Discord | Contact Details Colin Landers Company Website

June 13, 2024 03:00 PM Eastern Daylight Time

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News Direct Digest of Content Published on AffiliateAvenue June 1 -12

News Direct

The following content was published on AffiliateAvenue from June 1 – 12: Here's how much Americans have saved up in their retirement accounts by age — are you ahead or way behind? (Moneywise) Can You Guess How many Americans Successfully Retire with $1 Million Saved? The Percentage May Shock You. (Benzinga) The Best Bird Houses of 2024 (Amobeez) The Best Face Moisturizer with SPF of 2024 (Amobeez) The Best Lion's Mane Mushrooms of 2024 (Amobeez) 7 Best Plug-in Air Fresheners of 2024 (Amobeez) Best Hydration Mist Face Sprays of 2024 (Amobeez) Best Mini Blenders of 2024 (Amobeez) About Affiliate Avenue Affiliate Avenue is the newswire industry’s first and only affiliate marketing product that leverages the significant domain authority and traffic volume enjoyed by to enable content marketing professionals and agencies to monetize content from in-demand market segments and categories. About News Direct News Direct is a technology-driven content distribution and amplification platform for PR, IR, corporate communications and marketing professionals. Our automated platform delivers a completely reimagined, modernized user experience for newswire users that has reshaped the industry landscape. Additionally, the company has expanded its offerings to include an array of technology-enhanced message amplification tools ranging from sponsored content to podcasting products, all from a single online destination. Contact Details News Direct Sales at News Direct +1 917-698-4131 Company Website

June 13, 2024 01:45 PM Eastern Daylight Time

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Coniagas Battery Metals Expands Exploration at Graal Project with Promising Results

Coniagas Battery Metals

Coniagas Battery Metals CEO Frank Basa joined Steve Darling from Proactive to announce that the company is actively applying for permits to expand the near-surface mineral resources at the Graal project in Quebec. This expansion aims to further delineate the resource potential and enhance the project's economic viability. The Graal project has confirmed an open-pit deposit model along a 6 km strike length, featuring high-grade nickel and copper with cobalt, platinum, and palladium byproducts. The company plans to conduct additional drilling in the near term, leading to the production of a NI 43-101 resource report. Basa shared that the company is building on the excellent drilling results reported from the MHY and Gravi zones, which confirm shallow, near-surface mineralization. Significant drill intercepts include 28.90 meters of 2.28% CuEq, including 0.73% Nickel, 0.41% Copper, 0.09% Cobalt, 0.04 g/t Platinum and 0.05 g/t Palladium These results reinforce the significant potential of the Graal property to host valuable nickel, copper, and cobalt mineralization. The ongoing and planned exploration activities aim to enhance the resource base and support the project's economic feasibility, positioning Coniagas Battery Metals for future growth and development. Contact Details Proactive North America +1 604-688-8158

June 13, 2024 01:20 PM Eastern Daylight Time

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Blockmate Ventures' Subsidiary Hivello announces partnerships to aid August Token Launch

Blockmate Ventures Inc

Blockmate Ventures CEO Justin Rosenberg joined Steve Darling from Proactive to announce the upcoming launch of a native token for Hivello's platform. This launch, set for August 30, 2024, will be supported by three new commercial partners and will provide essential utility within the Hivello DePIN platform. Rosenberg detailed the platform's development, highlighting the Hivello Windows app, which entered private beta in May. The app has already garnered significant interest, with over 20,000 users subscribing to the waitlist. The platform aims to simplify Web3 mining for novices, enabling them to utilize unused computing power to generate passive income. To ensure the successful promotion and launch of the token, Hivello has partnered with several renowned agencies. Luna PR, known for its expertise in Web3 and emerging technologies, will lead the promotional efforts. Technical growth will be supported by Winn.Solutions, while Forgd, an innovative agency, will contribute to the launch preparations. These strategic partnerships are poised to enhance the platform's reach and effectiveness as it approaches the highly anticipated token launch. With this strategic approach and strong support from leading agencies, Blockmate Ventures and Hivello Holdings are set to make a significant impact in the Web3 space, offering users a simplified and efficient way to engage in mining activities and generate passive income. Contact Details Proactive North America +1 604-688-8158

June 13, 2024 12:28 PM Eastern Daylight Time

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Diamond Lake Minerals and Horizon Fintex Announce $3.75 Million Share Exchange Agreement

Diamond Lake Minerals Inc

Diamond Lake Minerals CEO Brian J. Esposito and Horizon Fintex CEO Brian Collins joined Steve Darling from Proactive to share news of a significant $3.75 million share exchange agreement between Diamond Lake Minerals and Horizon Fintex, involving Horizon Fintex's regulated tokenized-securities exchange, Upstream. Under the terms of the agreement, Horizon Fintex issued 1,250 common shares, valued at $3,000 per share, in exchange for 1,000,000 newly issued common shares in Diamond Lake Minerals. This partnership is designed for mutual benefit, aiming to attract new issuers to list on Upstream, thereby increasing Upstream's trading liquidity and providing economic advantages to the shareholders of both companies. Upstream is the only market seeking to offer investors direct exchange access to primary and dual listed equities from all over the world right from their smartphones. Alongside the share exchange partnership, Diamond Lake Minerals also signed a Cooperation, Marketing, and Referral Agreement with a Horizon Fintex subsidiary. This agreement designates Diamond Lake Minerals as a commercial advisor, responsible for introducing and referring issuers who are seeking to list on Upstream. One of the unique aspects of Upstream is that investors are directly connected to the exchange via the Upstream trading app, eliminating the need for stockbroker middlemen. Investors can trade in real-time, 20 hours a day, five days a week. The platform offers streamlined onboarding, transparent order books where all participants can see level-2 bids and offers, and is designed to prevent market manipulation techniques such as short selling, stock lending, wash trades, and payment for order flow. This is achieved through Horizon Fintex's advanced Ethereum smart-contract technologies. Contact Details Proactive Canada +1 604-688-8158

June 13, 2024 12:24 PM Eastern Daylight Time

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Silver Range Resources Announces Encouraging Results from Cambridge and Sniper Properties in Nevada

Silver Range Resources Ltd

Silver Range Resources CEO Mike Power joined Steve Darling from Proactive to share encouraging exploration results from short exploration programs conducted at the Cambridge Property in Lyon County and the Sniper Property in Esmeralda County, Nevada. At the Cambridge Property, Power reported that reconnaissance underground investigations revealed that exposed stopes in the area of recent excavator trenching were partially backfilled by spoil during excavation. It appears that the upper portions of the mine might be accessible with limited underground rehabilitation. Additionally, mineralization was discovered in a subordinate footwall vein splay, oblique to the main Cambridge Vein. Grab samples from a 15 cm exposure of this vein returned impressive results of 7.61 g/t Au and 52.1 g/t Au. Meanwhile, at the Sniper Property, a short Packsack diamond drill hole in the north wall of a small pit returned 2.30 meters at 2.10 g/t Au and 55.3 g/t Ag from the surface, with mineralization open at depth. The Sniper Property is located on the north flank of Gold Mountain. The area is characterized by ribbon-banded quartz veins containing pyrite, galena, tetrahedrite, and secondary chrysocolla and wulfenite, present in the carapace of a Jurassic intrusion just below the contact with overlying Precambrian Wyman formation metasediments. Initial sampling by Silver Range at the Sniper Property showed high gold and silver grades. Out of 14 samples, seven returned assays greater than 5 g/t Au, and five samples returned assays greater than 20 g/t Au, with a peak value of 121 g/t Au. Silver assays ranged from 0.2 to 1,375 g/t Ag, with three samples assaying greater than 100 g/t Ag. The property appears to have been initially explored with small adits and shafts before the 1980s. Between 1978 and 1983, these were partially covered or obliterated by bulldozer during exploration and high-grading. The Sniper Property is one of many small mines and prospects in the Tokop Mining District, which have produced sporadically or intermittently since 1866. These exploration results underscore the potential for significant mineralization at both the Cambridge and Sniper properties, enhancing Silver Range Resources' prospects for future development and production. Contact Details Proactive North America +1 604-688-8158

June 13, 2024 11:46 AM Eastern Daylight Time

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West Red Lake Gold Mines Pours First Gold Bar and Reports High-Grade Gold Results


Disseminated on behalf of West Red Lake Gold Mines Ltd Elevated gold prices could also have a significant impact on gold miners, particularly near-term producers like West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) West Red Lake Gold Mines is strategically moving forward to a restart and a targeted timeline for gold production in 2025 at its high-grade Madsen Mine in Ontario's Red Lake District, a region that hosts some of the world's richest gold deposits producing 30 million ounces of gold to date. 1 The fully permitted Madsen Mine boasts a high-grade gold resource of 1.65 million ounces at 7.4 grams per ton (g/t) across 6.9 million tonnes (Indicated), and an additional 366,000 ounces at 6.3 g/t (Inferred). The property also includes significant infrastructure including an expandable 800 tonne per day processing mill, underground development and a water treatment plant. West Red Lake Gold Mines Pours First Gold Bar from Madsen Mill Recovery Program West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) just announced that it has poured its first gold bar from the gold recovered through the Madsen Mine mill cleanup and recovery program. The gold recovery program, which was initiated in late 2023 after the company noticed significant gold-bearing material accumulated in parts of the mill, had already yielded 415 ounces of gold worth approximately $750,000 from the initial phase. In a second phase the company cleaned additional parts of the mill. The milled material was passed through a gravity circuit to separate out the coarse gold; the material is now being sent to a large-scale refinery to recover the gold fines. The company used the gold refinery at the Madsen mill to pour the recovered coarse gold into a gold bar on site, confirming that the equipment is operating smoothly after 18 months of inactivity. “Seeing the refinery in action was another check mark on our list of Operational Readiness requirements,” said West Red Lake Gold Mines CEO Shane Williams. “Starting or restarting a mine requires reliable operations from multiple facilities and systems. With over 100 employees at site, constant underground development and drilling, and multiple capital projects underway or in planning, we are establishing the systems that support smooth mine operations. From my experience building and commissioning mines, I know what a difference it makes to a new operation to have such systems in place prior to start up.” West Red Lake Gold Mines Reports High-Grade Drill Results West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) also recently announced noteworthy drill results from its 100%-owned Madsen Mine, including 16.69 grams per tonne gold over 8.0 meters and 7.48 grams per tonne gold over 12.0 meters at the South Austin Zone in the Madsen Mine. The high-grade South Austin Zone currently holds an Indicated mineral resource of 474,600 ounces (oz) of gold (Au) with a grade of 8.7 grams per tonne (g/t), and an additional Inferred resource of 31,800 oz grading 8.7 g/t Au. The drilling aimed to define resources within South Austin to build a high-confidence inventory for the planned restart of production at the Madsen mine. In May, West Red Lake Gold Mines announced drill results at the North Austin Zone at the Madsen Mine, including 37.33 grams per tonne gold over 2.79 meters and 5.26 grams per tonne gold over 9.0 meters. The latest drill results at North Austin Zone indicate a new high-grade gold area extending the current Madsen resource to the northeast. The drilling program aims to expand this zone further down-plunge in that direction. The team is focusing on three main plunge lines (ore shoots) at North Austin. So far, the results have confirmed continuity of about 30 meters in at least one of these ore shoots, suggesting significant potential for further expansion. These results come at a time when gold is hovering below its recent high of $2,400 per ounce, a price surge that has been significantly influenced by record gold buying in China. Gwen Preston, VP Investors Relations with West Red Lake Gold, recently highlighted this revelation at the May Metals Investors Forum. 2 She explained that consumers and retail investors in China are reconsidering their financial strategies, as traditional avenues like real estate, the stock market and interest rates are no longer effective and deflation reaches its worst in 15 years. In April, China experienced robust wholesale gold demand, driven by a surge in investment despite weaknesses in the jewelry sector. Chinese gold ETFs had their strongest month on record​. 3 The other half to the equation is China’s central bank, which has continued its streak of consecutive purchases for 18 months despite high prices, adding 60,000 troy ounces of gold to its reserves in April. West Red Lake Gold Mines is well-positioned to meet its targeted restart timeline in the second half of 2025, and recently closed a public offering of shares and charity units. The company sold 31.9 million regular units and 11.2 million charity units at prices of C$0.72 and C$0.89 per unit, respectively. This raised about C$33 million for the company. Raymond James Ltd. led the offering. Each unit includes a share of the company and a warrant to buy more shares later at C$1.00 each. Click here for more information about West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF). Footnotes: [1] [2] [3] Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, West Red Lake Gold Mines Ltd.. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by West Red Lake Gold Mines Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by West Red Lake Gold Mines Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding West Red Lake Gold Mines Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to West Red Lake Gold Mines Ltd.’s industry; (b) market opportunity; (c) West Red Lake Gold Mines Ltd.’s business plans and strategies; (d) services that West Red Lake Gold Mines Ltd. intends to offer; (e) West Red Lake Gold Mines Ltd.’s milestone projections and targets; (f) West Red Lake Gold Mines Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) West Red Lake Gold Mines Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) West Red Lake Gold Mines Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute West Red Lake Gold Mines Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) West Red Lake Gold Mines Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) West Red Lake Gold Mines Ltd.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) West Red Lake Gold Mines Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of West Red Lake Gold Mines Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) West Red Lake Gold Mines Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact West Red Lake Gold Mines Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing West Red Lake Gold Mines Ltd.’s business operations (e) West Red Lake Gold Mines Ltd. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, West Red Lake Gold Mines Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does West Red Lake Gold Mines Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither West Red Lake Gold Mines Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of West Red Lake Gold Mines Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of West Red Lake Gold Mines Ltd. or such entities and are not necessarily indicative of future performance of West Red Lake Gold Mines Ltd. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 Company Website

June 13, 2024 09:00 AM Eastern Daylight Time

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New Data from Golsan Scruggs Shows Insurance Carriers Becoming More Comfortable Offering Coverage to Financial Advisors for Digital Assets

Golsan Scruggs

Insurance companies are more willing to offer errors and omissions coverage to registered investment advisors (RIAs) who seek protection for claims arising from cryptocurrency investments, as noted by a steep drop in premium costs, according to proprietary data from Golsan Scruggs, the corporate insurance brokerage firm serving the financial services industry. Typically, the best barometer of how insurers view risk, premiums for E&O coverage related to digital asset insurance have dropped by roughly half in just a year. “About a year ago, advisors who wanted to add cryptocurrencies to their clients’ portfolios often had to do so without the protection of insurance, since premiums were often prohibitive, assuming they could even find coverage,” said Brian Francetich, shareholder and director of Golsan Scruggs. “The environment has changed dramatically, and now RIAs can better mitigate their own risks if they feel their clients could benefit from increased exposure to the asset class.” The drop in premium prices is driven by two primary factors. First, insurance companies believe that the regulatory environment is becoming clearer, with greater oversight from both the Securities and Exchange Commission and the Financial Industry Regulatory Authority, which regulate advisors’ use and communications around cryptocurrencies. Second, insurance companies are more comfortable with how these assets are custodied. A third factor is advisors themselves. “Most financial advisors have been cautious about adding cryptocurrencies, but it is clear that client demand has prompted the industry to do more diligence,” Francetich said. “Advisors are becoming more experienced in the asset class, and insurers have taken notice.” Price drops come with some caveats. Insurance companies are more likely to offer coverage for portfolios where direct digital assets represent less than 10% of total assets under management. Also, not all crypto assets are treated alike. While areas like bitcoin and ethereum exposure are covered, other digital assets are often excluded. Advisors seeking coverage should also demonstrate a strict compliance program surrounding these assets, including ADV disclosures, as well as presenting a general maximum allocation to digital assets for specific clients and not rolling it out to all clients regardless of risk tolerance. Advisors should also consider additional client disclosures where clients acknowledge the risk and volatility within the space. Advisors must be prepared for a continued evolution in insurers’ thinking around digital assets in general. “RIAs in particular should be talking with their insurance broker more frequently about the landscape around crypto, since it changes so quickly,” Francetich said. “What was true six months ago may not be true six months from now.” ABOUT GOLSAN SCRUGGS Golsan Scruggs is a corporate insurance brokerage firm serving the financial services industry. Our specialists operate throughout the United States and specialize in registered investment advisor (RIA), private equity/hedge fund, and mutual fund professional liability errors & omissions (E&O) insurance. As one of the largest insurers of RIA firms in the U.S., Golsan Scruggs employs a dedicated staff that understands the special risks of the financial services industry to achieve superior results, making the underwriting process painless. DISCLAIMER The material and information made available in this release or from our web site are for informational purposes only and not for the purpose of providing legal advice or insurance guidance. The application and impact of the issues can vary widely based on the specific facts involved. Given the changing nature of laws, rules and regulations, and the inherent hazards of the investment advisor’s fiduciary role, there may be omissions or inaccuracies in information contained within this report. While we have made every effort to ensure that the information contained within this report is reliable, Golsan Scruggs is not responsible for any errors or omissions, or for the results obtained from the analysis or use of this information. All information in this report is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. In no event will Golsan Scruggs, its related partnerships or corporations, or the partners, agents or employees thereof be liable to you or anyone else for any decision made or action taken in reliance on the information in this report, from our web site, or for any consequential, special or similar damages, even if advised of the possibility of such damages. It is incumbent upon the reader or user of the information to contact an attorney to obtain advice with respect to any particular question, issue or concern. Use of and access to this information or web site or any of the information contained within the site do not create a business relationship between the reader, user or browser. Contact Details Peter Page Company Website

June 13, 2024 09:00 AM Eastern Daylight Time

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