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ASTL Investment Project Now Offering Investments in AI-Based Multi Mining

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Hong Kong, China, Oct. 17, 2022 (GLOBE NEWSWIRE) — The ASTL investment project now offers the investors of any level the opportunity to invest in AI-based multi-mining. It is perhaps the only startup of its kind that is doing so

With the fall of the cryptocurrency market and the possibility of a new “crypto winter”, new investment projects have emerged in the field of building data centers based on advanced technologies, such as the use of intelligent power management, improved stable intelligent maintenance of the mining pool, and processing requests of various blockchain protocols. Such unique projects become very attractive from the point of view of investment from the very moment of their foundation. If, in addition, the active use of the competitive advantages of eco-mining is implied, as in this case, then such projects are not only valuable, but also a guaranteed return on investment, and are highly valued by all market participants.

One of such advanced, in terms of using the latest technologies, is the ASTL investment project. This is an infrastructure project based on partner investments in the production of various cryptocurrencies in newly created specialized data centers. Currently, the project offers its users the opportunity to invest in AI-based multi-mining, while providing a very, very high level of ROI.

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The ASTL Token project from the investment company Astol Advanced Limited (Hong Kong) is an infrastructure project based on partner investments in the production of various cryptocurrencies, operating on the principles of AI management both in terms of servicing blockchain requests and in terms of distributing computing power, and with initially planned use only “green” energy sources for multi-mining and intelligent energy management.

The main goal of the project is to provide a simple and understandable quick access to the receipt by each investor of a constant fixed income from the extraction of new types of cryptocurrencies for investors of different levels of training, from beginners to professionals. At the same time, the startup promises to become very highly profitable – even with minimal investment, annual ROI is now 14%, and payments are made regularly and in a stable cryptocurrency – USDT. With large investments, ROI can reach up to 20% per annum.

By investing in the ASTL project, investors can expect that their investments will be directed both to the creation of new mining centers and to the expansion of the fleet of devices operating on completely unique principles of energy management and AI-driven data processing developed by ASTL project employees, and will bring absolutely stable and very high profits to both investors and the ASTL project as a whole. So, for example, at the moment a new data center is already being created on the basis of the Kalinin nuclear power plant (Tver, Russia), which will allow not only to minimize energy costs by ensuring its uninterrupted supply, but also to organize own mining pool based on modern ASIC devices.

Despite the fact that the project is still quite young, it is based on a very solid base that allows one to make payments to investors, including the founders of the project and its employees, starting from the very first hours of receiving investments. So, already now the ASTL project actually owns innovative technologies in the field of rational distribution and storage of energy, having invested part of the funds in the purchase of the ARNO (Art-Nano) project – the owner of unique know-how in the field of energy storage and distribution.

The basis of the project is both future own data centers and master nodes of various cryptocurrencies and a constantly replenished fleet of computing power for mining (for expansion of which additional investments are periodically required), using the capabilities of Artificial Intelligence and its own “green” energy. The ASTL token is the key product of the project and the link between professional equipment and the end user. Each token is backed by a portion of the computing power of the ASTL project’s device fleet. Thanks to this, the token provides its holders with quick access to a stable income. Thanks to power management and computing power managed by artificial intelligence, cryptocurrency mining becomes 25-30% more profitable than when investing comparable funds in comparable projects.

The ASTL Token project, unlike many others like it, does not provide anyone with the opportunity to allegedly purchase a piece of ASIC or GPU miner or its power. Astol Advanced Limited is not engaged in cloud mining. It does not promise payouts based on any “distributed” mining power or the total mining hashrate of a particular cryptocurrency. The uniqueness of the project lies in what the guys from Astol do for themselves and their users and what they see as the main task of ASTL – to give their users a unique opportunity to receive a stable passive income in USDT, depending only on users and their investments.

Despite the youth of the project, ASTL is confident that in the future, when the project passes the ICO / IEO stage and listing on large centralized exchanges, its cost, depending on the project capitalization, will be much higher than at the start.

Read the news about the ASTL project – the possibility of obtaining a stable passive income – on the project page https://astl.io/

Twitter channel: https://twitter.com/astol_ltd/

Telegram news channel: https://t.me/astl_token

Telegram chat: https://t.me/astl_eng

Disclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. This is not investment advice. Please do your own research.

Media Contact:

Contact Person: Penny Wang

Company: Astol Advanced Limited

Email: penny@astl.io

Location : Hong Kong

Website: https://astl.io/

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Exclusive: Canada’s biggest pension plan, CPPI, ends crypto investment pursuit

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TORONTO, Dec 7 (Reuters) – Canada’s biggest pension fund, CPP Investments, has ended its effort to study investment opportunities in the volatile crypto market, two people familiar with the matter told Reuters.

The reasons behind CPPI’s abandonment of crypto research were not immediately clear. CPPI declined to comment but said it has made no direct investments in crypto. It referred to previous comments on cryptocurrency by its CEO, John Graham, in which he sounded a note of caution.

CPPI’s Alpha Generation Lab, which examines emerging investment trends, had formed a three-member team in early 2021 to research crypto currencies and blockchain-related businesses, with a view to taking potential exposure, the people added.

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But CPPI abandoned the pursuit this year and redeployed the team to other areas, the sources said.

CPPI’s move also comes as two of Canada’s largest pension funds have written off their investments after the collapse of crypto exchange FTX and crypto lender Celsius this year.

Earlier this year CPPI CEO Graham said that the pension plan, which manages C$529 billion ($388 billion) for nearly 20 million Canadians, did not want to invest in crypto merely because of the fear of missing out.

“You want to really think about what the underlying intrinsic value is of some of these assets and build your portfolio accordingly,” Graham said in a June speech. “So I’d say crypto is something we continue to look at and try to understand, but we just haven’t really invested in it.”

It was unclear when CPPI dropped its plan. One of the sources said the team was actively assessing investment opportunities as late as July this year, but the second source said the team ended its work earlier than that.

The details of CPPI’s pursuit of cryptocurrency investment and its decision to end it have not been previously reported.

The sources declined to be identified because the information was not public.

Canadian pension funds’ exposure to crypto sector has come under scrutiny following the FTX debacle. While Canadian pension funds are not prohibited from buying cryptocurrencies, they are known for their risk-averse investing strategies to generate steady returns for pensioners.

While CPPI has avoided crypto investments, some of its peers have been caught up in the sector’s mayhem this year. The Ontario Teachers Pension Fund (OTPP), which oversees about C$242 billion in assets, has written off its investments worth C$95 million in FTX. OTPP said it was “disappointed” with its investment in FTX.

Earlier this year, Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), said it was writing off its investment of C$150 million in bankrupt crypto lending firm Celsius. CDPQ has initiated legal proceedings against Celsius in bankruptcy court.

The Ontario Municipal Employees Retirement System (OMERS), which manages C$121 billion, made three allocations to crypto-linked businesses through its OMERS Ventures business between 2012 and 2018 but exited all investments in 2020.

Another Canadian pension fund, OP Trust, told Reuters that it has investments in the digital asset fund space that is managed externally. The investment is in the underlying crypto technology, it said.

($1 = 1.3650 Canadian dollars)

Reporting by Divya Rajagopal in Toronto
Additional reporting by Maiya Keidan
Editing by Denny Thomas and Matthew Lewis

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Foreign investors to face additional scrutiny under proposed changes to investment act

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The federal government on Wednesday unveiled what officials bill as the biggest update to Canada’s foreign direct investment laws in over a decade, with new rules requiring approval for investments in “sensitive sectors” and broader efforts to share information on firms under review.

The pre-implementation requirement is one of several changes outlined in a bill seeking to modernize the Investment Canada Act in order to further protect Canada from malicious foreign actors.

“The reality is, geopolitics of the world today have vastly changed in the last few years,” Minister of Innovation, Science and Industry Francois-Philippe Champagne told reporters Wednesday evening in Ottawa.

“That’s why we must be prepared to face the challenges that could endanger our economic security, and I would say our national security.”

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The proposed amendments do not specify what sectors will require the new pre-implementation filing, which will require firms seeking to make foreign investments in those sensitive sectors to give advance notice of those proposed investments. The change is meant to give the government a chance to ensure foreign investors do not gain access to “sensitive assets, information, intellectual property or trade secrets” that would become available on the closing of a deal before a national security review can be done.

Champagne told reporters the list of sectors the changes seek to protect will include critical minerals — where lithium, graphite and cobalt are increasingly being used for electric vehicles and other goods — as well as sensitive technologies and those holding Canadians’ personal information.

“We’ve seen more and more in the digital economy, people want (to) access the data of Canadians,” Champagne said.

He also mentioned quantum and artificial intelligence as technologies in need of protection.

Failure to submit the filing will result in a fine of at least $500,000, according to the legislation.

Other changes in the proposed bill include a more streamlined process to initiate a national security review of any foreign investment and additional powers to the industry minister during such a review.

The legislation would also increase penalties for any non-compliance with the act to $25,000 per day, per infraction, with no limit.

 

Why reform the foreign investment law now?

The government says the proposed changes are meant to address “evolving national security concerns,” and are the latest move by Ottawa amid renewed scrutiny on its ability to counter foreign interference and influence in its domestic affairs.

The federal government last month unveiled a new Indo-Pacific strategy aimed at countering a “disruptive” China that includes military, domestic security and cybersecurity enhancements, and a new Investment Canada Act rule restricting the involvement of foreign state-owned firms in Canada’s critical mineral sectors was announced on Oct. 28.

The new legislation would give Champagne, as industry minister, the ability to extend a national security review into any foreign investment after consulting with the public safety minister. Currently, extensions require a Governor in Council order. The government says the change would streamline the process and give security and intelligence agencies more time to complete their reviews.

Champagne would also be able to impose conditions on an investment under national security review, including freezing the transfer of assets and intellectual property, and directly approve actions by investors that would mitigate a national security risk. The minister said this change brings Canada in line with the United States, which already has such rules in place.

He added that while the current version of the Investment Canada Act only allows the government to say “yes” or “no” to foreign investments being reviewed for national security concerns, the change would give Champagne the opportunity to say “maybe, but with conditions.”

The proposed changes would also allow Canada to share information about investors with foreign allies “to potentially address common national security threats.”

Government officials said in a technical briefing this is aimed at better examining investment proposals from firms that may be seeking sensitive technologies in multiple jurisdictions.

Currently, specific investor information is considered privileged and cannot be disclosed.

Champagne’s mandate letter instructed him to modernize the Investment Canada Act with goals to “promote economic security and combat foreign interference” by strengthening the national security review process.

The Indo-Pacific Strategy also stated that Canada will implement changes to the Investment Canada Act in an effort to “strengthen the defence of Canadian infrastructure, democracy and Canadian citizens against foreign interference” at the domestic level — protecting Canadian critical minerals supply chains, intellectual property and research and strengthening Canada’s cybersecurity systems.

Following the announcement, Champagne ordered three Chinese firms to divest from Canadian critical mineral companies on Nov. 2.

— with files from Global’s Heidi Lee and The Canadian Press

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Exclusive-Canada's biggest pension plan, CPPI, ends crypto investment pursuit -sources – SaltWire CB powered by Cape Breton Post

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By Divya Rajagopal

TORONTO (Reuters) – Canada’s biggest pension fund, CPP Investments, has ended its effort to study investment opportunities in the volatile crypto market, two people familiar with the matter told Reuters.

The reasons behind CPPI’s abandonment of crypto research were not immediately clear. CPPI declined to comment but said it has made no direct investments in crypto. It referred to previous comments on cryptocurrency by its CEO, John Graham, in which he sounded a note of caution.

Genius Dog 336 x 280 - Animated

CPPI’s Alpha Generation Lab, which examines emerging investment trends, had formed a three-member team in early 2021 to research crypto currencies and blockchain-related businesses, with a view to taking potential exposure, the people added.

But CPPI abandoned the pursuit this year and redeployed the team to other areas, the sources said.

CPPI’s move also comes as two of Canada’s largest pension funds have written off their investments after the collapse of crypto exchange FTX and crypto lender Celsius this year.

Earlier this year CPPI CEO Graham said that the pension plan, which manages C$529 billion ($388 billion) for nearly 20 million Canadians, did not want to invest in crypto merely because of the fear of missing out.

“You want to really think about what the underlying intrinsic value is of some of these assets and build your portfolio accordingly,” Graham said in a June speech. “So I’d say crypto is something we continue to look at and try to understand, but we just haven’t really invested in it.”

It was unclear when CPPI dropped its plan. One of the sources said the team was actively assessing investment opportunities as late as July this year, but the second source said the team ended its work earlier than that.

The details of CPPI’s pursuit of cryptocurrency investment and its decision to end it have not been previously reported.

The sources declined to be identified because the information was not public.

Canadian pension funds’ exposure to crypto sector has come under scrutiny following the FTX debacle. While Canadian pension funds are not prohibited from buying cryptocurrencies, they are known for their risk-averse investing strategies to generate steady returns for pensioners.

While CPPI has avoided crypto investments, some of its peers have been caught up in the sector’s mayhem this year. The Ontario Teachers Pension Fund (OTPP), which oversees about C$242 billion in assets, has written off its investments worth C$95 million in FTX. OTPP said it was “disappointed” with its investment in FTX.

Earlier this year, Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), said it was writing off its investment of C$150 million in bankrupt crypto lending firm Celsius. CDPQ has initiated legal proceedings against Celsius in bankruptcy court.

The Ontario Municipal Employees Retirement System (OMERS), which manages C$121 billion, made three allocations to crypto-linked businesses through its OMERS Ventures business between 2012 and 2018 but exited all investments in 2020.

Another Canadian pension fund, OP Trust, told Reuters that it has investments in the digital asset fund space that is managed externally. The investment is in the underlying crypto technology, it said.

($1 = 1.3650 Canadian dollars)

(Reporting by Divya Rajagopal in Toronto; Additional reporting by Maiya Keidan; Editing by Denny Thomas and Matthew Lewis)

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