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Businesswire Paladin Pandas Launch $BAMB After US$4 Million Fundraise HONG KONG--(BUSINESS WIRE)-- OHDAT -affiliated NFT game Paladin Pandas launched $BAMB (ERC-20 token) on April 6th.
--(BUSINESS WIRE)--FRMO Corp.
Bae Joins Dorsey’s New York Office NEW YORK--(BUSINESS WIRE)--Dorsey & Whitney continues to grow its Merger & Acquisition Practice with the addition of corporate attorney, Margaret C.
com New England-Canada Business Council hosts Finance/Economic/Investment Forum April 27 BOSTON & TORONTO--(BUSINESS WIRE)--TD Bank Group Chief Economist Beata Caranci, Boston Globe Associate Editor and columnist Shirley Leung, and the CEOs of John Hancock Insurance, State Street Canada, and the Canadian Venture Capital and Private Equity Association (CVCA) are among confirmed speakers for the New England-Canada Business Council’s 2022 U.
0042 Upshot Deepens Data and Machine Learning Bench, Hires Head of Data & ML The blockchain-based, machine learning-powered NFT appraisal platform raised a $22M Series A2 round last month to fund R&D at the intersection of NFTs & DeFi NEW YORK--(BUSINESS WIRE)--Upshot, a blockchain-based protocol providing industry-leading non-fungible token (NFT) appraisals, today announced the hiring of Orestis Tsinalis as Head of Data & Machine Learning.

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Businesswire Paladin Pandas Launch $BAMB After US$4 Million Fundraise HONG KONG--(BUSINESS WIRE)-- OHDAT -affiliated NFT game Paladin Pandas launched $BAMB (ERC-20 token) on April 6th. Paladin Pandas is one of the earlier play-to-earn NFT game projects that has completed the launch of their game and token. A hand-drawn 10K NFT collection launched on Opensea September 28th 2021, Paladin Pandas sold out in 32 minutes. It was ranked No. 6 on the daily volume leaderboard, No.13 on the weekly volume leaderboard and featured on the OpenSea homepage. This led to recognition from established VC’s and OHDAT raised funding totalling US$4M from Future Capital, Hashkey Capital, Innoangel, Y2Z Capital, Vincent Niu, founder of Sky9 Capital and Mandy Wang, founder of Odaily, for launching new projects and implementing the Open World social simulation game and MMORPG game, highlighted on their Roadmap 2.0. The Paladin Pandas Journey so far On January 25th, Paladin Pandas launched ‘PvE game Space Expedition’, where players strategically put Pandas into teams of 3 to retrieve the lost $BAMB (Bamboonium) through battles and mini-games. On March 9th, PvP: ‘Panda v. Panda’ open demo was officially released, a One-versus-One 3D combat game for true gamers. Players pay $BAMB to enter the arena and loot more $BAMB from other players (with 48 weapons and 7 basic moves in 21 stages). Mandatory to use a Paladin Panda for game entry, so as to extend the user-base to more NFT-gamers, non-holders can also rent Pandas by paying $BAMB. The rental limit for each Panda is 2-times for PvE and 3-times for PvP. Besides being an in-game currency, $BAMB has several utilities including staking, Power Raffle, whitelist marketplace, store merchandise, in-game marketplace boosts, and more. To celebrate the $BAMB launch, the OHDAT team will incentivize Panda owners with 2 airdrops. Firstly, 60 Rent Tickets will be dropped to 30,000 new addresses for mining the game, for their first run. Secondly, 1.5% of the overall supply, totaling 7.5M $BAMB will be airdropped to all Panda holders. Prioritizing the fun in gaming, Paladin Pandas aims for $BAMB to be a "blue chip token" in the NFT market over the long term. Paladin Pandas Links Opensea: https://opensea.io/collection/paladin-pandas Twitter: https://twitter.com/Paladin_Pandas Discord: http://discord.gg/paladin-pandas Website: https://paladinpandas.com Tokenomics: https://paladin-pandas.gitbook.io/usdbamb-tokenomics/ Contact: paladin_pandas@ohdat.io Contacts Media: Cecilia Wong cecilia@yourprstrategist.com +65-91826605 pr@yourPRstrategist.com FRMO Corp. Announces Fiscal 2022 Third Quarter Results and Conference Call WHITE PLAINS, N.Y.--(BUSINESS WIRE)--FRMO Corp. (the “Company” or “FRMO”) (OTC Pink: FRMO) today reported its financial results for the 2022 third quarter ended February 28, 2022. Financial Highlights FRMO’s book value as of February 28, 2022 was $268.8 million ($6.11 per share on a fully diluted basis), including $101.8 million of non-controlling interests. This compares with book value at the prior fiscal year ended May 31, 2021 of $298.9 million ($6.79 per share), including $121.0 million of non-controlling interests. Current assets, comprised primarily of cash and equivalents and equity securities, amounted to $182.5 million as of February 28, 2022, and $208.9 million as of May 31, 2021. Total liabilities were $24.2 million as of February 28, 2022, and $29.9 million as of May 31, 2021, comprised primarily of securities sold, not yet purchased and deferred taxes. FRMO’s net (loss) income attributable to the Company for the three months ended February 28, 2022 was $(12,008,314), or $(0.27) per share, compared to $34,336,936, or $0.78 per share, a year earlier. For the nine months ended February 28, 2022, the net (loss) income attributable to the Company was $(11,397,920) ($(0.26) per diluted share) compared to $46,190,543 ($1.05 per diluted share) in 2021. FRMO’s net income attributable to the Company excluding the effect of unrealized (loss) gain from equity securities net of taxes for the three months ended February 28, 2022 was $(9,850,344) ($(0.22) per diluted share) compared to $20,859,722 ($0.47 per diluted share) for the three months ended February 28, 2021. For the nine months ended February 28, 2022, the figure was $(5,635,550) ($(0.13) per diluted share) compared to $30,884,839 ($0.70 per diluted share) for the nine months ended February 28, 2021. Net income attributable to the Company excluding the effect of unrealized loss from equity securities net of taxes is a measure not based on GAAP and is defined and reconciled to the most directly comparable GAAP measures in “Information Regarding Non-GAAP Measures” at the end of this release. Valuation of securities and cryptocurrencies are subject to change after February 28, 2022. The market value of several securities and cryptocurrencies might have changed substantially since that date. We look forward to finding new ways to expand our cryptocurrency mining operations. As of February 28, 2022 and May 31, 2021, the Company held a 21.91% and 22.02% equity interest in Horizon Kinetics Hard Assets LLC (“HKHA”), a company formed by Horizon Kinetics LLC and certain officers, principal stockholders, and directors of FRMO Corp. (“the Company”). Due to the common control and ownership between HKHA and the Company’s principal stockholders and directors, HKHA has been consolidated within the Company’s financial statements. The noncontrolling interest of 78.09% and 77.98% in HKHA has been eliminated from results of operations for the periods ended February 28, 2022 and May 31, 2021. Further details are available in the Company’s Consolidated Financial Statements for the quarter ended February 28, 2022. These statements have been filed on the OTC Markets Group Disclosure and News Services, which may be accessed at www.otcmarkets.com/stock/FRMO/filings . These documents are also available on the FRMO website at www.frmocorp.com . Conference Call Murray Stahl, Chairman and CEO, and Steven Bregman, President and CFO, will host a conference call on Tuesday, April 19, 2022 at 4:15 p.m. ET. Only questions submitted to info@frmocorp.com before 1:00 p.m. on the day of the call will be considered. The call can be accessed by dialing 877-502-9276 (domestic toll free), or +1 313-209-4906 (international toll) and entering the following Confirmation Code: 8410731. A replay will be available from 7:15 P.M. on the day of the teleconference until Thursday, May 19, 2022. To listen to the archived call, dial 888-203-1112 (domestic toll free) or +1 719-457-0820 (international toll), and enter the Replay Passcode: 8410731. Condensed Consolidated Balance Sheets (in thousands) February 28, May 31, 2022 2021 (Unaudited) Assets Current Assets: Cash and cash equivalents $ 33,754 $ 34,971 Equity securities, at fair value 146,938 171,733 Other current assets 1,778 2,148 Total Current Assets 182,470 208,852 Investment in limited partnerships and other equity investments, at fair value 78,777 86,854 Investments in securities exchanges 4,815 4,815 Other assets 2,444 1,698 Investment in Horizon Kinetics LLC 14,274 16,366 Participation in Horizon Kinetics LLC revenue stream 10,200 10,200 Total Assets $ 292,980 $ 328,785 Liabilities and Stockholders' Equity Current Liabilities: Securities sold, not yet purchased $ 3,730 $ 6,118 Other current liabilities 2,187 2,249 Total Current Liabilities 5,917 8,367 Deferred Tax Liability 17,553 20,774 Mortgage payable 707 730 Total Liabilities 24,177 29,871 Stockholders' Equity: Stockholders' Equity Attributable to the Company 166,972 177,905 Noncontrolling interests 101,830 121,009 Total Stockholders' Equity 268,802 298,914 Total Liabilities and Stockholders' Equity $ 292,980 $ 328,785 (Components may not sum to totals due to rounding) Condensed Consolidated Statements of Income (Loss) (amounts in thousands, except share data) Three Months Ended Nine Months Ended February 28, February 28, February 28, February 28, 2022 2021 2022 2021 (Unaudited) (Unaudited) Revenue: Fees $ 1,496 $ 1,409 $ 3,805 $ 2,369 Equity earnings from limited partnerships and limited liability companies 945 1,789 29 2,294 Unrealized (losses) gains from investments (13,430 ) 28,995 (9,078 ) 42,334 Other 245 944 677 (760 ) Total revenue before unrealized (losses) gains from equity securities (10,744 ) 33,137 (4,567 ) 46,237 Unrealized (losses) gains from equity securities (5,019 ) 56,344 (27,197 ) 62,022 Total Revenue (15,763 ) 89,481 (31,764 ) 108,259 Total Expenses 431 328 1,131 1,052 (Loss) income from Operations before Provision for Income Taxes (16,195 ) 89,153 (32,895 ) 107,207 (Benefit from) Provision for Income Taxes (2,914 ) 12,799 (1,031 ) 16,892 Net (Loss) Income (13,281 ) 76,354 (31,864 ) 90,315 Less net (loss) income attributable to noncontrolling interests (1,273 ) 42,017 (20,466 ) 44,125 Net (Loss) Income Attributable to FRMO Corporation $ (12,008 ) $ 34,337 $ (11,398 ) $ 46,190 Diluted Net Income (Loss) per Common Share $ (0.27 ) $ 0.78 $ (0.26 ) $ 1.05 Weighted Average Common Shares Outstanding Basic 44,017,781 44,032,781 44,015,418 44,022,744 Diluted 44,017,781 44,055,150 44,015,418 44,038,347 (Components may not sum to totals due to rounding) About FRMO Corp. FRMO Corp. invests in and receives revenues based upon consulting and advisory fee interests in the asset management sector. FRMO had 44,017,781 shares of common stock outstanding as of February 28, 2022. For more information, visit our website at www.frmocorp.com . Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 – With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. Words like “believe,” “expect” and “anticipate” mean that these are our best estimates as of this writing, but that there can be no assurances that expected or anticipated results or events will actually take place, so our actual future results could differ significantly from those statements. Factors that could cause or contribute to such differences include, but are not limited to: our ability to maintain our competitive advantages, the general economics of the financial industry, our ability to finance growth, our ability to identify and close acquisitions on terms favorable to the Company, and a sustainable market. Further information on our risk factors is contained in our quarterly and annual reports as filed on our website www.frmocorp.com and on www.otcmarkets.com/stock/FRMO/filings . Information Regarding Non-GAAP Measures Net income attributable to the Company excluding the effect of unrealized loss from equity securities is net income attributable to the Company exclusive of unrealized losses from equity securities, net of tax. Net income attributable to the Company is the GAAP measure most closely comparable to net income attributable to the Company excluding the effect of unrealized loss from equity securities. Management uses net income attributable to the Company excluding the effect of unrealized loss from equity securities, along with other measures, to gauge the Company’s performance and evaluate results, which can be skewed when including unrealized loss from equity securities, which may vary significantly between periods. Net income attributable to the Company excluding the effect of unrealized loss from equity securities is provided as supplemental information, and is not a substitute for net income attributable to the Company and does not reflect the Company’s overall profitability. The following table reconciles the net income attributable to the Company excluding the effect of unrealized loss from equity securities to net income attributable to the Company for the periods indicated: Three Months Ended Three Months Ended Nine Months Ended Nine Months Ended February 28, 2022 February 28, 2021 February 28, 2022 February 28, 2021 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Amount Diluted earnings per common share Amount Diluted earnings per common share Amount Diluted earnings per common share Amount Diluted earnings per common share (000’s except per common share amounts and percentages) Net (Loss) Income Attributable to the Company Excluding the Effect of Unrealized (Loss) Gain from Equity Securities and Diluted Earnings per Common Share Reconciliation: Net (loss) income attributable to the Company $ (12,008 ) $ (0.27 ) $ 34,337 $ 0.78 $ (11,398 ) $ (0.26 ) $ 46,190 $ 1.05 Unrealized (loss) gain from equity securities (5,019 ) 56,344 (27,197 ) 62,022 Unrealized (loss) gain from equity securities attributable to noncontrolling interests (1,502 ) 41,235 (21,145 ) 43,884 Unrealized (loss) gain from equity securities attributable to the Company (3,517 ) 15,109 (6,052 ) 18,138 Tax benefit (expense) on unrealized (loss) gain from equity securities attributable to the company 1,359 (1,632 ) 289 (2,833 ) Unrealized (loss) gain from equity securities attributable to the Company, net of taxes (2,158 ) $ (0.05 ) 13,477 $ 0.31 (5,763 ) $ (0.13 ) 15,305 $ 0.35 Net (loss) income attributable to the Company excluding the effect of unrealized (loss) gain from equity securities $ (9,850 ) $ (0.22 ) $ 20,860 $ 0.47 $ (5,635 ) $ (0.13 ) $ 30,885 $ 0.70 Weighted average diluted shares outstanding 44,017,781 44,055,150 44,015,418 44,038,347 (Earnings per share components may not sum to totals due to rounding) Contacts Thérèse Byars Corporate Secretary Email: tbyars@frmocorp.com Telephone: 646-495-7337 www.frmocorp.com Corporate Attorney Margaret C. Bae Joins Dorsey’s New York Office NEW YORK--(BUSINESS WIRE)--Dorsey & Whitney continues to grow its Merger & Acquisition Practice with the addition of corporate attorney, Margaret C. Bae, in the Firm’s New York office. Margaret has joined as a Partner and she brings significant corporate experience, including mergers and acquisitions, joint ventures, corporate finance, private equity, corporate governance, and general corporate representation. Margaret’s corporate practice focuses on helping companies grow their businesses through mergers and acquisitions, financings and capital raises. Her significant corporate experience includes public and private mergers and acquisitions, joint ventures, corporate finance, venture capital, private equity, corporate governance, and general corporate representation. Her transactional capabilities include structuring and negotiations for acquisitions of companies and assets as well as joint ventures, partnerships, and consortiums for various projects with strategic and financial partners. With extensive experience in financings, Margaret helps companies negotiate letters of credit, working capital lines, and other lines of credit with lenders. Margaret also has project finance experience, specifically in the energy sector, representing sponsors in negotiations with governments, development finance institutions, and international and regional commercial banks. Margaret has successfully raised capital for both startups and more established companies, including through blockchain technology offerings, as well as representing investors and funds in the deployment of their capital. Margaret also regularly advises private fund sponsors and investment advisors on a wide range of matters, including regulatory and compliance issues, portfolio company representation, and exit transactions. Prior to joining Dorsey, Margaret was a partner with Olshan Frome Wolosky LLP in their New York office. She also served as Senior Vice President and General Counsel at SoEnergy International, Inc., Executive Vice President and General Counsel at ContourGlobal L.P., and an attorney at Cravath, Swaine & Moore LLP. Margaret earned her J.D. from Cornell Law School where she was a member of the Cornell Law Review and a recipient of both the John M. Olin Student Scholarship for Law & Economics and the CALI Excellence for the Future Award in IPOs & Deal Structure Alternatives. She earned an M.B.A. from the Samuel Curtis Johnson School of Management at Cornell and a B.A. from Cornell University, College of Arts & Sciences, where she was a Meinig Family Cornell National Scholar. “Margaret brings a wealth of mergers and acquisitions expertise and experience, and adds additional depth and new dimensions to our New York office corporate group,” noted Bill Stoeri, Managing Partner of Dorsey & Whitney. “Dorsey has made a concerted effort to grow strategically in its New York office over the last two years. We continue to seek strategic opportunities to expand our presence in New York.” About Dorsey & Whitney LLP Clients have relied on Dorsey since 1912 as a valued business partner. With locations across the United States and in Canada, Europe and the Asia-Pacific region, Dorsey provides an integrated, proactive approach to its clients' legal and business needs. Dorsey represents a number of the world's most successful companies from a wide range of industries, including leaders in banking & financial institutions, development & infrastructure, energy & natural resources, food, beverage & agribusiness, healthcare and technology, as well as major non-profit and government entities. Contacts Jeri Longtin-Kloss +1.612.492.5315 longtin.kloss.jeri@dorsey.com New England-Canada Business Council hosts Finance/Economic/Investment Forum April 27 BOSTON & TORONTO--(BUSINESS WIRE)--TD Bank Group Chief Economist Beata Caranci, Boston Globe Associate Editor and columnist Shirley Leung, and the CEOs of John Hancock Insurance, State Street Canada, and the Canadian Venture Capital and Private Equity Association (CVCA) are among confirmed speakers for the New England-Canada Business Council’s 2022 U.S.-Canada Financial, Economic, and Investment Executive Forum on Wednesday, April 27. The half-day virtual forum , to be held online from 1-5:30 p.m., convenes Canadian and American financial services industry leaders, entrepreneurs, investors, and international trade and political experts for insights and perspectives on major developments and trends affecting the strategic financial, economic, and investment relationship between the U.S. and Canada – the largest bilateral trade and investment relationship in the world. Registration and sponsorship information are available at https://necbc.org/events/event_list.asp TD Bank and PwC are Platinum Sponsors, and the Canadian Consulate in Boston is a Gold Sponsor. Premier Sponsors include John Hancock, JPMorgan Chase, the Québec Government Office in Boston, State Street Canada, and TMX Group. Along with Caranci, Leung, John Hancock Insurance CEO Brooks Tingle, State Street Canada CEO Robert Baille, and CVCA CEO Kim Furlong, speakers include: Canada’s Consul General in Boston, Rodger T. Cuzner Québec Delegate to New England Marie-Claude Francoeur Rasky Partners SVP/Washington D.C. Office John Bivona Canada’s former Deputy Permanent UN Representative Louise Blais BlackRock Inc. Product Strategist Megatrends Platform Kyle R. Chapman J.P. Morgan Wealth Management Managing Director Jamie Fagan Osler, Hoskin & Harcourt LLP National Co-Chair Shahir Guindi TMX Group Director of Global Business Development Dani Lipkin Nutter Corporate and Transactions Department Partner John Loughnane Boston Blockchain Association Chair Lynne Marlor TD Bank Regional President, Northern New England Sheryl McQuade UNH Carsey School of Public Policy Adjunct Professor Mike Nikitas, media advisor/communications coach, Nikitas Communications Prospectus Associates Principal William J. Pristanski Marcum LLP Partner Daniel Roach TD Bank Regional President, Southern New England Steve Webb ABOUT THE NEW ENGLAND-CANADA BUSINESS COUNCIL The mission of the New England-Canada Business Council is to advance business, political, and cultural relationships between Canada and the United States and to help members grow their cross-border professional networks. Founded in 1981, the NECBC is one of the leading non-profit organizations working to sustain and expand the strong and mutually valuable connections between New England and Canada. Contacts Media: Peter J. Howe, NECBC/ Denterlein strategic communications, 617.482.0042 Upshot Deepens Data and Machine Learning Bench, Hires Head of Data & ML The blockchain-based, machine learning-powered NFT appraisal platform raised a $22M Series A2 round last month to fund R&D at the intersection of NFTs & DeFi NEW YORK--(BUSINESS WIRE)--Upshot, a blockchain-based protocol providing industry-leading non-fungible token (NFT) appraisals, today announced the hiring of Orestis Tsinalis as Head of Data & Machine Learning. Tsinalis will report directly to CEO Nick Emmons and will be responsible for leading Upshot’s growing data and machine learning teams, as well as improving the company’s ML models to deliver real-time NFT appraisals for the market. Prior to joining Upshot, Tsinalis served as Head of Quantitative Research and as a Quantitative Trader at GHCO - one of the fastest-growing liquidity providers specializing in ETFs. While at GHCO, Tsinalis built and scaled pricing models for the company’s global ETF book, developed new strategies for trading crypto ETPs, coins and futures, and built the ML infrastructure for backtesting high-frequency trading strategies. Tsinalis also served as the Principal Data Scientist at abrdn, a top-five UK asset manager with over $600b in AUM. There, he led the company’s central Data Science team, successfully built out natural language processing-based signals, ML models for accounting fraud detection and company fundamentals prediction, and NLP-based searches for news, transcripts and reports. He received his Ph.D. and MSc in computer science from Imperial College London. "It’s incredibly exciting to be joining Upshot at this stage of their rapid growth as the reality of bringing high-quality NFT appraisals and analytics to our community edges closer,” said Tsinalis. “NFTs are financial instruments with immense potential to transform our economy, and Upshot is uniquely positioned to become the backbone of this new wave of NFT-based DeFi applications.” Last month, Upshot, announced a $22 million Series A2 funding round led by Polychain Capital. The round is being used to fund R&D for Upshot’s pricing models, finance its novel decentralized finance (DeFi) x NFT primitives, and create additional developer tools to allow others to build novel DeFi x NFT primitives leveraging Upshot’s price feeds. The company also recently introduced Upshot Analytics Beta - the dashboard for NFT data, live appraisals and analytics. “We’re beyond excited to have Orestis on board as we move towards this next stage of growth. He is one of the most accomplished individuals in his field and has a unique combination of quantitative research experience at both large-scale crypto operations as well as some of the largest asset management firms in the world,” said Upshot CEO Nick Emmons. “The rate at which our pricing models will gain further sophistication under Orestis’s leadership - both in terms of breadth, number of NFT collections appraised, and depth, how accurate our pricing models are - will be unprecedented.” About Upshot Upshot is a blockchain-based protocol providing industry-leading non-fungible token (NFT) appraisals. By delivering accurate and trusted expert appraisals, Upshot enables the creation of solutions at the intersection of decentralized finance (DeFi) and NFTs - for the industry and themselves. Upshot Analytics is currently available in private Beta and will open to the general public soon. The Upshot API is currently available and being used by teams to inform their projects. You can learn more about Upshot, its capabilities and sign up for the Beta at https://app.upshot.xyz/ . Contacts Christopher Kingsley ck@upshot.io Former Wyre CTO Chris Chen Becomes CTO at Sila PORTLAND, Ore.--(BUSINESS WIRE)-- #AnewFinancialWorld --Sila Inc., a fintech software platform that provides payment infrastructure as a service, today announced that Chris Chen has joined the firm as its CTO. Chris joins from Wyre, a global crypto onramp and banking-as-a-service company, that was acquired by Bolt Financial Inc. He will be leading Sila’s engineering and product teams and drive strategic initiatives to deepen and expand Sila’s products and services. Chris brings a wealth of knowledge in fintech, media and entertainment, crypto, security, and infrastructure to Sila. While at Microsoft, he helped to service some of Microsoft's largest clients and built partnerships. Chris has gone from being the first employee at several startups to leading teams of 500 people. His work in fintech has spanned payments, cryptocurrency, lending, staking, savings, billing, automated processing, collections, and exception handling. Chris is a product-focused CTO whose work has won global awards, including an Emmy® Award for transforming entertainment. He holds a master’s degree in computer science and bachelor’s degree in computer science and electrical engineering, both from UCLA. “We are thrilled to have Chris join our team,” said Shamir Karkal, CEO and co-founder, Sila Inc. “Chris brings a wealth of experience in fintech, crypto, and in scaling startups like Sila to large companies. Most importantly he is a team player who is focused on growing and mentoring the team as we scale.” “I am very excited to join Sila at this point in its journey,” added Chris Chen, CTO, Sila Inc. “Fintech is going to grow exponentially over the next decade and Sila, as a crypto-friendly payment infrastructure provider, is exceptionally well positioned to drive that growth and benefit from it.” About Sila Sila is a fintech software platform that provides payment infrastructure as a service, a business-critical element for all companies that need to integrate with the US banking system and blockchain quickly, securely, and in compliance with applicable US regulation. Sila offers Banking, Digital Wallet & ACH Payments APIs for Software Teams. The firm was recognized as a ‘2021 best place to work in financial technology’. Sila is headquartered in Portland, Oregon. For more information go to www.silamoney.com Contacts Sila Ty Beckmann ty.beckmann@silamoney.com Tel 971 245 2949 LIFE Picture Collection to Release NFT Collection on KnownOrigin from Iconic Photo Archive In partnership with KnownOrigin, the first of the series will debut in April 2022. NEW YORK--(BUSINESS WIRE)--The LIFE Picture Collection announced today that it is launching a non-fungible token (NFT) collection of its legendary photography. NFTs are one-of-a-kind digital items with blockchain-managed ownership. LIFE will collaborate with the NFT marketplace KnownOrigin and distribute exclusive drops of their iconic photographs, beginning with the first on April 14. Founded in 1936, LIFE, the first photography publication in the United States, developed the catalog of 20th-century imagery. With work from trailblazing photographer Margaret Bourke-White, the launch offers the opportunity for serious collectors to own selected authentic, important pieces of photography as NFTs. LIFE joins other major collections like the Associated Press and the British Museum to mint NFTs. “LIFE always seeks to share its incredible photography with new communities,” said Tom Rowland, President of the LIFE Picture Collection. “There is a growing number of photography enthusiasts on Web3, and we see this as a way to engage with new audiences around photojournalism and art.” KnownOrigin is an art NFT marketplace on the Ethereum blockchain. An early Web3 pioneer in the NFT space, founded in April 2018 and based in Manchester, UK, KnownOrigin is a single platform to create and collect NFTs using the most exciting creative tools and services. David Moore, one of KnownOrigin co-founders, commented, “We are delighted that LIFE has partnered with KnownOrigin to launch their journey into NFTs. LIFE is an iconic and historically important brand with compelling and instantly recognizable imagery, including famous LIFE magazine covers. Photography and NFT photography are fantastic use cases for blockchain tech and NFTs. We have recently seen photography grow in importance and collectability within the NFT community. The LIFE Picture Collection is unrivaled in its breadth and variety of awe-inspiring content. It’s an honor to have LIFE on our platform.” The drop will include an auction with a reserve, rare editions, and other pieces with a larger limited run and items will be priced according to their rarity. It will also be accompanied by Twitter Spaces and a new LIFE Discord channel to connect audiences with the brand. LIFE and KnownOrigin will feature a virtual gallery in Decentraland on KnownOrigin’s plot of land. As a continuation of LIFE’s cutting-edge philosophy, the gallery will form an immersive world celebrating LIFE’s stories. The LIFE gallery platform will display NFTS and additional LIFE photography and assets. LIFE will offset any emissions generated from the NFT minting process from sales. A portion of the proceeds from the NFT sales will also be donated to charities chosen by the LIFE team, with the first drop benefitting the Malala Fund . ABOUT THE LIFE PICTURE COLLECTION The LIFE Picture Collection is the visual chronicle of the 20th century and the most prestigious private photographic archive in the U.S. From 1936 to 2000, LIFE commissioned more than 10 million photographs across 120,000 stories. At its height, LIFE magazine’s incomparable images and essays reached 1 of 3 American readers. The original pictures and articles remain in Dotdash Meredith’s LIFE Picture Collection, an unprecedented cultural asset with millions of untold stories and unseen images. The LIFE Picture Collection offers research, gallery, licensing and merchandising opportunities. -- # # # -- Contacts Media Dotdash Meredith: Kara Kelly, kara.kelly@meredith.com KnownOrigin: Brendan Kemp, brendan@knownorigin.io Uniswap Labs Launches Swap Widget to Bring Web3 Mainstream Widget enables users of OpenSea and other web3-based applications to seamlessly exchange value NEW YORK--(BUSINESS WIRE)--Uniswap Labs, a developer of web3-based infrastructure and applications, today debuted a new digital asset swapping experience. The Swap Widget is an embeddable swapping feature which can be easily integrated into any website. The Swap Widget allows users to easily pay for an NFT, join a community, use a web3-based platform, and more without navigating away from the native site to go to an exchange. Uniswap Labs is thrilled to launch the Swap Widget with launch partners OpenSea , Friends with Benefits , and Oasis.app . Uniswap Labs envisions a world in which financial markets are transparent, fair, and accessible to everyone. Uniswap Labs is building a suite of tools and infrastructure to bring this vision to life - including new open source financial primitives, and tools and interfaces to easily access these primitives. The launch of the Swap Widget, which allows easy access to the native Uniswap app’s seamless swapping experience accessible to everyone across the internet, brings Uniswap Labs’ vision one step closer to reality. “ At Uniswap Labs we are working to give anyone with an Internet connection access to fair, open, and transparent markets,” said Uniswap Labs Chief Executive Officer Hayden Adams. “ The launch of the Swap Widget brings this vision one step closer to reality by making seamless swapping possible anywhere across the Internet.” On OpenSea, NFT collectors can swap other tokens they hold for wrapped ether (WETH) to purchase NFTs without leaving the site. “ We are pleased to partner with OpenSea, Friends with Benefits and Oasis, each of which has built a leading web3-based application and whose users will benefit from the Swap Widget. We look forward to building on our suite of infrastructure and tools to make user experiences simpler and more secure,” Adams said. “ We’re excited to partner with Uniswap Labs to allow people on OpenSea to seamlessly convert tokens to WETH to purchase NFTs without ever leaving the platform,” said Ryan Foutty, VP of Business Development at OpenSea. “ We share Uniswap's ambition to build better experiences for crypto-native audiences while welcoming new users into web3, and can’t wait to see how the widget improves the buyer experience on OpenSea.” On FWB, approved community members can easily purchase the FWB tokens they need on the FWB homepage. On Oasis.app, investors can deploy their crypto into DeFi. To learn more about the Swap Widget, visit the Uniswap blog https://uniswap.org/blog . About Uniswap Labs Uniswap Labs is a developer of foundational web3-based infrastructure and a core contributor to the Uniswap Protocol. The Uniswap Protocol is the largest decentralized exchange and automated market making protocol on Ethereum. To learn more about Uniswap Labs, please visit https://uniswap.org/ . Contacts Media Contact: Brett Philbin/Nicole Hakimi Uniswap@edelman.com Prescriptive Data and JPMorgan Chase Optimize the Firm’s Energy Use and Sustainable Operations with Nantum OS Technology Nantum OS will bring real-time artificial intelligence and machine learning to help JPMorgan Chase operate its real estate more efficiently NEW YORK--(BUSINESS WIRE)--Today, Prescriptive Data announced that JPMorgan Chase has started to use its Nantum OS software to help the global financial services firm optimize its energy use and reduce its carbon footprint. The Nantum OS software will be embedded in JPMorgan Chase’s building management systems at its larger commercial real estate properties across the globe to help each building run more efficiently by using artificial intelligence and sensor technology to track and improve the firm’s energy use. The software analyzes historical and real-time data from occupancy monitoring devices, indoor air quality sensors, thermostats and building meters. The data then links directly to the buildings’ HVAC systems to ensure that the least amount of energy is being used without sacrificing the comfort level and indoor air quality for occupants. Using Nantum OS software as the platform, JPMorgan Chase has designed a converged technology approach to meet its carbon emission reduction goals, that involves the fusion of the Internet of Things (IoT), Artificial Intelligence (AI), and Distributed Ledger Technology (DLT, more commonly known as blockchain). “ We’ve been working with the amazing building operations and sustainability teams at JPMorgan Chase since 2018, and we are excited to help the organization reach its operational carbon emission reduction goals,” said Sonu Panda, CEO of Prescriptive Data. “ Over the next few years, artificial intelligence and machine learning will be at the forefront of climate technologies, and JPMorgan Chase continues to be a market leader and pioneer in this space.” “ We’re committed to using state-of-the art technology, including artificial intelligence and blockchain technology, to better manage decarbonization of our energy footprint across our global real estate portfolio,” said Hal Corin, Vice President of Sustainability for JPMorgan Chase's Global Real Estate Group. JPMorgan Chase achieved carbon neutrality in its operations in 2020, and has set additional targets to drive progress on operational sustainability, including a commitment to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 40% by 2030. The firm continues to support the development of renewable energy by installing on-site renewable energy systems and executing long-term renewable energy procurement agreements, and has set a goal that these solutions will make up 70 percent or more of its renewable energy procurement by 2025. JPMorgan Chase is committed to helping facilitate the transition to a low-carbon world. The firm strives to promote a sustainable and inclusive economy by setting carbon reduction targets for the Oil & Gas, Electric Power and Auto Manufacturing sectors, and aiming to finance and facilitate $2.5 trillion in sustainable development through 2030. Later this year, Nantum OS will be announcing its Algo Marketplace, allowing other AI algorithm companies to plug directly into the Nantum OS platform. This will give real estate operators like JPMorgan Chase the ability to plug-and-play different automated energy conservation measures, creating a new age of smart building automation and sustainability. About Prescriptive Data’s Nantum OS: Nantum OS is an artificial intelligence and machine learning climate technology designed for commercial real estate operators and sustainability managers. Nantum OS allows real estate managers to visualize building HVAC systems, metering systems, people counting systems, IoT devices (air quality, lighting, shade, smart glass), distributed energy systems (battery storage, fuel cells, on-site generation equipment, solar), and third-party datasets in real time. Nantum OS uses real-time AI/ML algorithms to reduce building energy demand, suppress carbon emissions, and shrink utility costs. Each building on Nantum OS uses the least amount of energy and carbon emissions while delivering the maximum amount of health and comfort to occupied spaces. JPMorgan Chase: JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $3.7 trillion in assets and $297.1 billion in stockholders' equity as of December 31, 2021. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com . Contacts Elise Szwajkowski Marino PR eszwajkowski@marinopr.com Coinweb Registers With Canadian Regulator FINTRAC as a Money Services Business Coinweb expands its digital asset coverage in Canada through the acquisition of OnRamp Technologies Limited VANCOUVER, British Colombia--(BUSINESS WIRE)-- Coinweb , a layer-2 cross-computation platform, today announced that it has acquired FINTRAC-registered OnRamp Technologies Limited, a payment company with Money Services Business consents (MSB) providing users the access to fiat rails for projects being built on top of the Coinweb platform within the regulated Canadian crypto landscape. This allows Coinweb to provide its services to customers in Canada for the first time, enabling the platform’s launch into North America shortly following its granting of a European digital asset license. Canada’s Money Service Business permissions enable Coinweb to offer virtual currency exchange and virtual currency transfer services, paving the way for a full fiat rails-integrated wallet with cross-chain tokenization functionality. “The requirements to obtain digital assets licenses are subject to constant reviews and tightening of regulations across most jurisdictions,” said Coinweb CEO Toby Gilbert. “The race for delivering regulatory framework is on with many countries looking to position themselves as being ‘crypto friendly,’ and Coinweb’s stance is to pursue the second bounce of the ball and stay ahead of the curve. Acquiring Canada’s MSB marks the beginning of our entry into North America to better service our partners and customer base.” Coinweb continues to work towards the acquisition of licenses around the world, and has built an experienced in-house compliance team to future-proof the business within the digital landscape as new regulatory frameworks begin to be implemented. As Coinweb’s capabilities expand, these licenses will help to provide liquidity and enable the smooth on- and off-ramping of fiat with crypto assets. Twitter: https://twitter.com/CoinwebOfficial Facebook: https://www.facebook.com/Coinweb.io LinkedIn: https://www.linkedin.com/company/coinweb/ Telegram: https://t.me/coinweb Website: http://www.coinweb.io About Coinweb: Coinweb.io is a layer-2 cross-chain computation platform that began its journey in mid-2017. With an impressive line-up of team members and a board of advisors from the worlds of traditional technology, business and blockchain, Coinweb is solving some of the most critical problems that exist within Distributed Ledger Technology today. Contacts Sean Lansing coinweb@wachsman.com Socket Supply Co. Announces $3.5M Raise Led by Blockchain-Focused Investment Firm CoinFund and Galaxy Digital To Help Materialize Web3 Socket Supply Co Makes Web3 a Reality NEW YORK--(BUSINESS WIRE)-- Socket Supply Co , a developer tools company, advancing cloud computing beyond the data center, today announced a $3.5M in seed funding, led by blockchain-focused investment firm CoinFund and Galaxy Digital. The raise also saw participation from Castle Island Ventures, PeerVC, and 100 Acre Ventures. Cloud computing is still a complex field today. Decentralized computing is even more difficult and less understood. Socket Supply Co. is changing that, specifically for web developers. “Cloud computing allowed new companies to exist where they couldn’t before. It created a new market by offering infrastructure as a service” said Jake Brukhman, CEO and founder of CoinFund, who was once a technical product manager and engineer at Amazon. “There is now a massive wealth of new, very powerful hardware that lives outside the data center. Socket Supply is unlocking that new hardware as reliable infrastructure, and that is a massive step toward true decentralization.” Platforms like AWS aren’t just difficult. Their cost, inherent complexity, and incumbency represent significant risk. Although these platforms have their place and serve a purpose, there is now more hardware outside of data centers than within all data centers combined, presenting a significant opportunity. Socket Supply Co. is doing the hard work that makes it possible for web developers to deliver on Web3 by combining peer-to-peer and browser engine technology. Along with their cloud console product, they will help web developers to use platforms like AWS, and command a whole new class of infrastructure. Their cloud console product currently in alpha, Operator Tools, streamlines essential web developer workflows for Serverless Functions, NoSQL, and cloud storage like S3. The product’s real-time, p2p collaboration features are made possible by their framework, which allows them to build truly decentralized, native mobile and desktop apps, all with 100% web-based technology. Socket Supply plans to open source this framework, and is looking for technology partners to provide early feedback. “Cloud computing is hard for web developers. Decentralized computing is even harder. We founded Socket Supply Co. to fix that. We wanted to build a solution with real-time collaboration, faster, local-first user interfaces, and we wanted to build this without hosting a service, and without handling anyone’s data,” said Socket Supply’s CEO, Paolo Fragomeni. “We want to help developers build the same kind of highly distributed systems that we are, there are a ton of practical advantages.” Fragomeni’s co-founders are Dominic Tarr , CPO, and Jake Verbaten , CTO. Together with Paolo Fragomeni they plan to use the funds to support the growth of the team through strategic hires, particularly in the areas of protocol, open source, and product development. Their roadmap includes a phased approach to steadily introducing other protocols and cloud providers as well as an exciting development that resembles Kubernetes. To learn more about Socket Supply, please visit: https://socketsupply.co/ About Socket Supply Co. Socket Supply Co. is advancing cloud computing beyond the data-center. We provide a suite of applications that simplify web deployment, and the open source framework that we built them with. For more information, please visit https://socketsupply.co/ About CoinFund CoinFund is a blockchain-focused investment firm founded in 2015 with the goal of shaping the global transition to digital assets and decentralized finance. The firm invests in and supports venture and liquid opportunities within the blockchain sector with a focus on digital assets, decentralization technologies and key enabling infrastructure. The CoinFund team has studied and supported the development of the blockchain space from the inception of the first decentralized networks and brings together more than 30 years of experience in investing, engineering, law, decentralized protocols and the operation of blockchain network infrastructure. For more information, please visit www.coinfund.io . Contacts Sofia Coon coinfund@wachsman.com Farm to Plate Forms Strategic Global Partnership With Esearass to Encourage Greater Sustainability in Underwater Ecosystems Partnership will provide global consumers with greater food traceability and assured quality in seafood industry ATLANTA--(BUSINESS WIRE)-- Farm to Plate , a blockchain-based SaaS solution for the food industry, today announced their strategic partnership with Esearass, a leading provider of seafood, across the Indian market, to enable sustainable underwater ecosystems, financial emancipation and enhanced customer satisfaction using blockchain technology. By 2030, the world’s population will require 232 million metric tons (MT) of seafood, around 62 million MT more than the planet is expected to produce unless bold steps are taken, according to international research organization WorldFish Center . “Clear visibility of demand ensures that suppliers can know when and how much to procure, enabling a near real-time seafood supply chain and providing consumers with fresh stock when they need it. Throw in micro tipping into the mix and you get a nexus between consumers and fishermen like never before,” shares Saptarshi Choudhury, Director of Emerging Technology at Farm to Plate. “With immutable, end to end track and trace and secure financial payment integration on the blockchain we can enable a secure marketplace environment that eliminates the need for intermediaries,” Choudhury adds. “With Farm to Plate as our partner, we can provide a more secure marketplace for fish farmers to sell their produce at the best available price and gain direct remuneration through a QR code-driven payment interface. We hope to bring financial emancipation to fishermen and provide consumers the verifiable quality and trust they deserve,” Suvo Sircar, Co-founder, Esearass. Along with enabling sustainability in the producer ecosystem, the Farm to Plate platform offers: End to end track and trace from farmer to consumer Microtipping Modular design Single window for all stakeholders to view supply chain data Two-factor authentication and authorization Seamless onboarding Easy transfer of data Identity and Access Management for role allocation Publicly accessible URL through a QR code The partnership also seeks to establish a seafood stock exchange where local and foreign investors can invest capital for these farmers to build better facilities and produce higher quality seafood. The company is currently investigating AI-based options to track the freshness-index of seafood, so implementing blockchain technology is perhaps the logical step forward. “Esearass’s vision is in line with our corporate philosophy to build sustainable ecosystems while ensuring equitable benefits for all. The success of this partnership will enable consumers in the United States and other countries to gain access to exotic seafood supplies that are compliant with industry norms and give trusted traceability and assured quality, even for foods sourced from developing economies,” shares Pramod Sajja, CEO and President, Paramount Software Solutions. With plans to expand globally later this year (which will include growth across the US), Esearass is committed to being a contributor to improving the efficiency of food supply chains, food security and better sustainability through its partnership with Farm to Plate. About Paramount Software Solutions Paramount Software Solutions is a top-notch provider of blockchain technology offering the most dependable, and state-of-the art solutions, serving various business use cases. A member of the Hyperledger project – an open-source collaborative effort from Linux Foundation – Paramount Software Solutions has curated specific use cases and translated concepts into PoCs and production deployments. About Esearass Esearass is a leading provider of seafood to the food sector across the Indian market, encompassing logistics, cost management and comprehensive delivery solutions up to the end consumer. Esearass has been in the business of Seafood and poultry since 2019. The firm deals with many varieties of seawater and freshwater fishes, poultry, mutton, and frozen food products and boasts over 10,000 customers. Esearass offers its products to customers through its network of stores, as well as online through its marketplace portal http://www.fishmongers.co.in/ Contacts Neha Rao Marketing & Communications Manager, Paramount Software Solutions neha@paramountsoft.net 770-456-5347 Blockdaemon Adds Notable Investors Citi Ventures, Salesforce Ventures, Telstra Ventures, and Invicta Growth NEW YORK--(BUSINESS WIRE)--Blockdaemon, the world’s largest institutional-grade blockchain infrastructure company for node management and staking, today announced that it has added four new notable investors Citi Ventures , Salesforce Ventures , Telstra Ventures , and Invicta Growth as it continues its high-velocity growth powering the blockchain economy . The company recently announced a Series C of $207 million at a post-money valuation of $3.25 billion. “Some of the most elite investors in the world have put their confidence in Blockdaemon, as we enable financial institutions around the world to engage in the cryptocurrency ecosystem through our stable and secure blockchain infrastructure. We are honored to now welcome Citi, Salesforce, Telstra, and Invicta to our world-class group of key backers,” said Konstantin Richter, CEO and Founder, Blockdaemon. Over the past year, Blockdaemon has been on a fast-track, increasing its valuation by 10x since the Series A in Q2 2021; its revenues by 12x over FY’21; and its headcount by 6x as it continued to scale a diverse global team that maintains a strong majority technical talent ratio. The company also added multiple investors including Goldman Sachs, JP Morgan Chase, SoftBank Vision Fund 2, and Tiger Global. Blockdaemon made two acquisitions during this period, crypto on-ramp company Gem and Anyblock Analytics , an infrastructure platform providing API, on-chain analytic tools, monitoring, and node hosting services across various blockchain networks. These acquisitions further strengthened Blockdaemon’s robust ‘node stack’ of blockchain technology, granting financial institutions seamless access to dozens of blockchains with one single integration. Blockdaemon has also contributed to the open-source crypto ecosystem, including a donation to the Ethereum Foundation of $900,000 worth of IBM Cloud Credits to aid their efforts in testing Ethereum’s merge. The company also became a founding member of the Flashbots Eth2 Working Group, an effort dedicated towards developing an open-source, rather than proprietary, MEV (Maximum Extractable Value) extraction Ethereum solution. Finally, Blockdaemon has strategically invested in Obol Labs, a trust minimized staking protocol for public blockchain networks based on Distributed Validator Technology (DVT). In addition, Blockdaemon launched more than 40,000 nodes; averaged more than $10 billion in monthly staked assets; and expanded its presence in global cloud regions and diversified data centers. Blockdaemon now supports over 50 blockchains, including over 25 proof-of-stake protocols and have added additional NFT API functionality to their robust Ubiquity API suite. They are actively developing the world’s first Ethereum liquid staking solution for institutions, built together with StakeWise. “As digital assets become more mainstream with financial institutions and retail investors, it’s critical that stability, reliability and security are top priorities,” said Luis Valdich of Citi Ventures. “Citi Ventures is proud to make Blockdaemon our first investment in blockchain infrastructure, the backbone that makes cryptocurrencies possible. Blockdaemon is an exciting company for Citi Ventures as we continue to add best-in-class crypto and blockchain companies to our portfolio.” “As adoption of blockchain technology continues to accelerate, Salesforce Ventures sees a large opportunity to build scaled businesses that provide the building blocks for enterprises to participate on the blockchain,” said Laura Rowson, Investor, Salesforce Ventures. “Blockdaemon is a category-defining company providing a fundamental piece of the blockchain technology stack.” “Telstra Ventures is incredibly excited to partner with Blockdaemon and help expand their footprint globally. After surveying the landscape we believe that Blockdaemon's technology is critical infrastructure for helping blockchain become the basis for Web3. Blockdaemon provides enterprise capabilities needed for this technology to be mainstream,” said Saad Siddiqui, General Partner at Telstra Ventures. “We met Konstantin in 2018 and have since watched as they have rapidly executed through crypto cycles on a number of bold early bets to become the de facto platform for the most sophisticated institutions to securely and reliably access crypto markets. Building an enterprise-grade product suite that meets the evolving demands of institutions, exchanges and developers alike, requires strong technical command and customer empathy,” said Burke Brown, Founder & Managing Partner at Invicta Growth. “Konstantin and the growing Blockdaemon team embody that rare talent combination of product-led DNA and tactical leadership of a generational business. We're thrilled to back Blockdaemon at this major inflection.” Galaxy Digital Partners LLC is serving as the exclusive financial advisor and Cooley LLP is acting as legal advisor to Blockdaemon. About Blockdaemon Blockdaemon is the leading blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. Supporting 50+ cutting edge blockchain networks in the cloud and on bare metal servers globally, Blockdaemon is used by exchanges, custodians, crypto platforms, financial institutions and developers to connect commercial stakeholders to blockchains. We power the blockchain economy by simplifying the process of deploying nodes and creating scalable enterprise blockchain solutions via APIs, high availability clusters, auto-decentralization and auto-healing of nodes. For more information, please visit https://blockdaemon.com/ . Contacts Cari Sommer RAISE Communications Group cari@raisecg.com press@blockdaemon.com Leading Online Broker FxPro Opens Representative Office in Dubai In line with its continued policy of global expansion, the prominent online financial broker has opened an office in the UAE LONDON--(BUSINESS WIRE)--FxPro, an internationally recognized online broker specializing in multiple asset classes, has opened a new office in Dubai. With the aim of better serving its clients and partners in the Middle East and North Africa (MENA) region, the new office is an important step in building new connections. “This is an exciting milestone in the company’s history,” FxPro CEO Charalambos Psimolophitis says. “The office helps us to meet the needs of our clients and partners in the region, who can attend meetings and stay up-to-date on all the latest trends and developments in the global financial markets.” Six Asset Classes, 24/7 Crypto Trading Founded in 2006, FxPro has made a name for itself on the international stage as one of the world’s top online brokers. “In the 16 years since its establishment, FxPro has gained the trust of hundreds of thousands of clients from across the globe,” Charalambos Psimolophitis asserts, “including many from the MENA region.” Specializing in six asset classes (forex, corporate shares, spot indices, futures, metals and energies), FxPro recently added CFDs on more than 2,000 leading company stocks, including such heavyweights as Virgin Galactic, Game Stop and AMD. Providing clients with access to top-tier liquidity and advanced trade execution, it also offers a platform for 24/7 cryptocurrency trading. FxPro partners also have access to a user-friendly online portal, where they can benefit from real-time analytics on lucrative trade opportunities. “Our partners have come to enjoy even more favourable conditions for attracting clients who actively trade, regardless of initial deposit sizes,” the CEO explains. An Expanding Global Presence Along with its new Dubai location, FxPro also has offices in London, Cyprus, Monaco and the Bahamas. Already serving retail and institutional clients in more than 170 countries worldwide, the company nevertheless has ambitious plans for further expansion. According to Psimolophitis, the new office in the UAE serves to confirm FxPro’s commitment to serving the MENA region. “Our team in Dubai remains on standby to provide our valued clients and partners with whatever support they need,” he says, “both online and off.” Contacts Elsy Rayess | e.rayess@fxpro.com | +971 (0) 507096206 Global Digital Remittance Market Forecast to 2027: Compound Annual Growth of 12.4.% Forecast with Market to Reach $38.81 Billion by 2027 - ResearchAndMarkets.com DUBLIN--(BUSINESS WIRE)--The "Digital Remittance Market Research Report by Remittance Channel, by Remittance Type, by End User, by Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering. The Global Digital Remittance Market size was estimated at USD 17.08 billion in 2020, is expected to reach USD 19.14 billion in 2021, and is projected to grow at a CAGR of 12.43% to reach USD 38.81 billion by 2027. This research report categorizes the Digital Remittance to forecast the revenues and analyze the trends in each of the following sub-markets: Based on Remittance Channel, the market was studied across Banks Digital Remittance and Digital Money Transfer Operators. Based on Remittance Type, the market was studied across Inward Digital Remittance and Outward Digital Remittance. Based on End User, the market was studied across Business and Personal. Based on Region, the market was studied across the Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The report provides insights on the following: Market Penetration: Provides comprehensive information on the market offered by the key players Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments The report answers questions such as: What is the market size and forecast of the Global Digital Remittance Market? What are the inhibiting factors and impact of COVID-19 shaping the Global Digital Remittance Market during the forecast period? Which are the products/segments/applications/areas to invest in over the forecast period in the Global Digital Remittance Market? What is the competitive strategic window for opportunities in the Global Digital Remittance Market? What are the technology trends and regulatory frameworks in the Global Digital Remittance Market? What is the market share of the leading vendors in the Global Digital Remittance Market? What modes and strategic moves are considered suitable for entering the Global Digital Remittance Market? Market Dynamics Drivers Rising digitization and penetration of smartphone Adoption of transparent and secure banking and financial services Increase in migrants remission Reduced remittance cost and transfer time Restraints Inadequate infrastructure and connectivity Cybersecurity concern Opportunities Technology innovation and technology penetration in developing economies Adoption of blockchain technology integrated platforms Challenges Lack of awareness and guidance Companies Mentioned Arcus Azimo Limited coins.ph Pte. Ltd. Digital Wallet Corporation Flywire InstaReM PTE limited MoneyGram International, Inc. OrbitRemit Global Money Transfer Limited PayPal Holdings, Inc. Pontual Money Transfer Remitly, Inc. Ria Financial Services Ltd. Ripple The Currency Cloud Limited The Western Union Company TNG Limited Toastme Pte Limited TransferGo Ltd. TransferWise Ltd. Western Union Holdings, Inc. WorldRemit Ltd. For more information about this report visit https://www.researchandmarkets.com/r/gfmpzr About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Contacts ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 SPiCE VC Completes First Investor Payout The Tokenized Venture Capital Fund Makes History by Distributing its Inaugural Investor Payout and Finalizing a ‘Liquidity Event Buyout’ MIAMI & ZURICH & TEL AVIV, Israel--(BUSINESS WIRE)-- SPiCE VC , the leading venture capital (VC) fund in the Blockchain & Tokenization ecosystem, announced today the completion of the very first investor payout after exiting its position in one of its high-performing portfolio companies and distributing the resulting proceeds to investors. Not only is this a first for SPiCE, but it is also the first-ever investor payout completed by a fully tokenized VC firm. With strategic investments in more than 16 portfolio companies within the digital finance ecosystem, which includes digital securities, cryptocurrencies, lending, real estate, Blockchain infrastructure, and gaming infrastructure, its successful exit from OTOY marks the fund’s first investor payout, with more to come in 2022. “The success of the fund and the speed at which we have grown has enabled us to make strategic moves to liquidate some of our holdings and give those proceeds to the investors that believed in SPiCE from the very beginning,” said Tal Elyashiv, founder & managing partner of SPiCE VC. “This is a moment to be celebrated by our valued investors, digital ecosystem pioneers in their own right, as well as the entire blockchain and tokenization industry. The breadth and depth of possibilities for investing, wealth creation and innovation throughout the digital economy is immense. SPiCE VC is a success story that can and will be built upon.” Unlike traditional VC funds, SPiCE is a fully tokenized fund and is traded on two regulated digital securities exchanges. In accordance with its structure, proceeds from portfolio exits are not reinvested, but distributed to investors. To stabilize the value of SPiCE’s tokens after this initial payout (as will be the case also after every future payout), the fund finalized its first ‘liquidity event buyout’ – essentially buying back tokens from investors at a defined price and then removing them from circulation. “While the Blockchain & Tokenization ecosystem continues to grow at warp speed, it’s SPiCE VC’s unique approach to investing in that ecosystem that sets them apart, and what attracted me to them in the first place,” said Amit Biel, chairman and president of Euro Trade Investments and one of the first SPiCE investors. “While I was confident that my investment in SPiCE would grow over time, it’s been an overwhelming success. I am happy to have the opportunity to go along for the ride as SPiCE VC continues to redefine VC investing in the new digital economy.” SPiCE VC has experienced unprecedented growth since its inception. With a 350% increase in security token price in 2021, SPiCE was named the top performing fund in the tokenization and blockchain market by Security Token Market , the largest security token financial data and media firm. SPiCE has also experienced three portfolio companies successfully going public in 2021. INX Limited , became the first company to complete an SEC-registered token IPO, while Lottery.com and Bakkt have both gone public at healthy valuations. In addition, Securitize , which recently launched Securitize Markets, as well as Blockdaemon , which just successfully closed a massive Series C funding round at a valuation of $3.25 Billion, have also contributed to SPiCE’s early and ongoing success. To learn more about SPiCE VC, visit https://spicevc.com/ . ABOUT SPiCE VC: SPiCE VC is a Venture Capital fund providing investors exposure to the massive growth of the blockchain/tokenization ecosystem. SPiCE invests globally in platforms and ecosystem providers enabling access to capital markets, banking, real estate, and other industries enhanced through Blockchain technologies. The fund focuses on companies who stand to benefit the most from the massive growth of the industry. Combining institutional know-how, hands-on management, entrepreneurial innovation and professional investment experience SPiCE’s management team has been involved in hundreds of tech funding rounds totaling billions of dollars; as entrepreneurs, investors, and executives. SPiCE is located in the US, Switzerland, Singapore and Israel. To learn more about SPiCE VC visit www.spicevc.com or email Tal Elyashiv, Founder and Managing Partner, at tal@spicevc.com . Contacts Liz Whelan liz@lwprconsulting.com (312) 315-0160 Tapping into Deep Business Owner Expertise, Leading Pittsburgh Wealth Advisor, Ken Chapel, Joins Fast-Growing RIA Interchange Capital Partners ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Ahmie Baum, Founder and CEO of Interchange Capital Partners announced today that they are expanding the firm with the addition of leading wealth advisor Ken Chapel CFP ® , RICP ® . Interchange Capital Partners is a member of the Dynasty Financial Partners’ Network of independent advisory firms. Mr. Chapel joins as Senior Director from PNC Private Bank. He works with High Net Worth and Ultra High Net Worth individuals, families and business owners to navigate the challenges that wealth brings. “By partnering with Interchange Capital Partners, an independent registered advisor firm, I feel clients gain many benefits. I can now deliver a true open architecture experience; we can go anywhere to find the best solutions for the client. We are not confined to a specific product offering. At Interchange Capital Partners, clients have a wide array of investment options and greater access to private equity, private alternatives, and cryptocurrency,” commented Mr. Chapel. “Ken and I earned our CFP designation 17 years ago together. It was clear to me then, that he had a passion for planning and being a client advocate,” remarked Ahmie Baum, Founder and CEO of Interchange Capital Partners. “The past 17 years has given him tremendous knowledge and expertise. I look forward to working with him to help our clients increase their capabilities and outcomes.” With Ken’s help, Interchange Capital Partners is looking forward to expanding their family office services with a focus on liquidity events and generational wealth. BIO Ken Chapel Ken Chapel is a Senior Director at Interchange Capital Partners. In this role, Ken works closely with clients, families and advisors to provide advice, strategy and support to help clients capture their opportunities and reduce their dangers as they are navigating the interchange between the known and unknown. Prior to joining Interchange Capital Partners in March of 2022, Ken served as the primary advisor to PNC Private Bank clients. Ken worked closely with clients and their advisors to provide customized solutions designed to best meet clients’ goals and objectives, which include asset management, trust, estate planning and private banking services. Before joining PNC in 2012, Ken was employed by Mellon Bank (Bank of New York Mellon) since 1995 and served in multiple Wealth Management related capacities, including Credit Risk Analyst, Internal Business Director and Senior Wealth Analyst. During his tenure at BNY Mellon, Ken supported senior management and advisors to provide Family Office Services to ultra-high net worth individuals and families. Additionally, he managed the Product Strategy Committee, which oversaw all investment products’ due diligence, corporate compliance reporting and development within BNY Mellon Wealth Management. He is a member of the Pittsburgh Chapter of the Financial Planning Association and the Society of Financial Service Professionals. He currently volunteers his time to The Education Partnership and to the Alpha Chi Rho National Fraternity and a member of the finance committee of the Alpha Chi Rho Educational Foundation. Ken holds a Bachelor of Science degree in finance with a minor in quantitative business analysis from Robert Morris College and a Master of Science in finance from Robert Morris University. Ken Chapel maintains the requirements of the Certified Financial Planner Board of Standards, Inc. and has earned his CFP ® Certification. Ken, his wife, Julie, and two children reside in the South Hills of Pittsburgh. About Interchange Capital Partners Interchange Capital Partners is an independent registered investment advisor, offering collaborative and comprehensive planning and disciplined wealth management. Based in Pittsburgh, Pennsylvania with clients across the country including individuals, families, business owners and entrepreneurs, Interchange Capital Partners has a strong focus and deep experience with business owners looking to plan an exit strategy for their company. Learn more at https://interchangecp.com/ About Dynasty Financial Partners Dynasty Financial Partners is a provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth and ultra-high net worth clients. Dynasty provides access to a comprehensive platform of software and technology tools, business services and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies. Dynasty’s technology, tools and services provide advisory firms the supported independence to launch their business, scale their operations and grow their firms — both organically and inorganically — while also allowing them to be more focused on and better equipped to serve their clients. Dynasty’s platform and offering have won multiple awards in recent years. For more than a decade, Dynasty has championed the benefits of independent wealth management for high net worth and ultra-high net worth clients and has contributed to the movement of assets from traditional brokerage channels to the independent channels of wealth management. As Dynasty is becoming a recognized industry leader, Dynasty has differentiated itself by developing competitive strengths, including a deep understanding of and strong relationship with its clients, a comprehensive offering of services and technology-enabled solutions, the ability to leverage its size and breadth to invest, the flexibility and seamlessness enabled by a modular technology solution, the entrepreneurial culture and experienced and committed management team. Dynasty is committed to continually growing its business by facilitating existing advisory firm clients’ growth, onboarding new clients, increasing the clients’ use of its broader capabilities, launching additional solutions and carrying out complementary acquisitions. For more information, please visit www.dynastyfinancialpartners.com . Also visit Dynasty on social media: LinkedIn: https://www.linkedin.com/company/dynasty-financial-partners Twitter: @DynastyFP YouTube: http://bit.ly/1MKXhC8 Contacts Sally Cates sallycates@dynastyfinancialpartners.com 646-704-4500 HBAR Foundation Supports Micropayment Platform Dropp with New Grant to Promote Customer Acquisition Grant aims to grow audience for Dropp via monetary incentive NEW YORK--(BUSINESS WIRE)-- The HBAR Foundation and Dropp , the world's first cost-effective, digital micropayment transaction platform enabling payments both in FIAT ($USD) and cryptocurrency, today announced a grant that will help continue to establish Dropp as the go-to payments platform for small value transactions. The grant will immediately accelerate the adoption of affordable micro-payments, a significant unmet need in the digital economy. “Dropp is a revolutionary technology that solves the incredibly large business problem of hefty fees associated with low-cost payments,” said Shayne Higdon, Executive Director & CEO at the HBAR Foundation. “The metaverse, Web3, media, publishing, and entertainment, as well as the creator economy are just a few beneficiaries of its technology, which makes small monetary digital transactions a profitable endeavor. We are excited to support Dropp with our grant by helping them to grow their customer base and extend the benefits of the technology to consumers globally.” Dropp’s platform is built on the Hedera Hashgraph network, the world’s fastest distributed ledger offering high-performance and security through its public distributed ledger and is designed for the new and evolving digital ecosystem. Dropp is revolutionizing micropayments as it is a multi-currency platform that facilitates payments in U.S. dollars; Hedera’s native — energy-efficient cryptocurrency HBAR; and soon USDC — a digital stable coin associated with the US dollar. Dropp is a micropayment platform built to offer a Pay-Per-Use pricing option to merchants. Dropp is bringing the concept of pay-per-use or usage-based pricing to the digital market. With Dropp, every digital merchant, large or small, can unbundle their services and offer them on a pay-per-use basis. There is a substantial unmet need in the market for affordable small-value transactions. In the last two years, the surge in digital services has made that need acute as digital merchants chase for more subscribers. With Dropp, consumers get a fair and convenient purchasing option, and merchants gain a new pricing method to acquire a new customer base with a low acquisition cost. “The grant from The HBAR Foundation allows us to incentivize new customers with a $5 credit toward their first purchase. We want consumers to have a first-hand experience making a digital purchase or making micro-donations or tips. Dropp offers new purchasing options to consumers and an extremely easy-to-use experience to make small-value purchases. We want consumers to try out Dropp. This grant is the catalyst that will help boost the adoption of small value purchases.” said Sushil Prabhu, CEO and Founder at Dropp. “Our team has been working hard behind the scenes, using our 25+ years of financial, payment, technology experience and user experience, to solve the pain points for merchants, & consumers.” The HBAR Foundation fuels growth of the Hedera ecosystem by providing grants and resources for technical assistance, marketing and business development to developers, startups and organizations building on the network. Hedera offers 10,000 transactions per second, near real-time settlement and low fees for bandwidth consumption. Since launching in 2018, the public network has processed over 1.75 billion transactions generated by real-world applications. About Dropp Dropp is a micropayment service for small transactions helping consumers to purchase small-value goods and services instantly without sharing personal details. Dropp maintains the privacy of purchases to the user, placing the consumer in complete control of their data. Dropp offers merchants a cost-effective platform to offer a pay-per-use option to their customers. Consumers can download Dropp on Google Play and the Apple Store; it is also available on Google Chrome, Safari, Microsoft Edge and Mozilla Firefox. To learn more about Dropp and its offerings, visit here . About The HBAR Foundation Working in parallel with entrepreneurs and the Hedera community, the HBAR Foundation acts as an integrated force multiplier to help builders and creators overcome the challenges of bringing their ideas to market. Get your project fully funded with HBAR through a simple and fast grant process and bring your project to market quickly. Related Links https://www.hbarfoundation.org/ Contacts Isabella Roy isabella@kitehillpr.com Apex Fintech Solutions’ Data Reveals Gen Z’s Increasing Shift from Growth to Value Investing in First Quarter 2022 High inflationary environment, rising rates, and war in Ukraine drives retail investors to buy value and sell growth and meme stocks Younger investors embraced energy stocks and high dividend paying companies; continued to buy crypto amid turbulent market conditions DALLAS--(BUSINESS WIRE)--Apex Fintech Solutions (“Apex”), the “fintech for fintechs” powering innovation and the future of digital wealth management, today released its Q1 2022 Apex Next Investor Outlook. The report, which analyzes proprietary data of US-based investors on the Apex Clearing platform, sheds light on the top 100 stocks held by younger investors, with a special focus on the rising Gen Z demographic. The report also examines which stocks fell in the rankings alongside behavior parallels and comparisons to older generations. Volatile market conditions in a rising interest rates environment coupled with the devastating war in Ukraine likely caused retail investors to shift their focus away from high growth and meme stocks to dividend paying companies and energy shares in the first quarter, as reflected in Apex’s Q1 2022 Next Investor Outlook data. Investments in energy stocks such as Chevron and Exxon Mobil soared in Q1 as crude oil prices hit multi-year highs. While stable, income-generating, dividend payers including Costco and AbbVie also gained popularity, interest in growth stocks such as Rivian and Roblox significantly decreased. Consistent with the third and fourth quarters of 2021, the stocks held within the Gen Z top 10 included Tesla, Apple, Amazon, and Microsoft. Looking ahead, throughout the first quarter, more than 460,000 new crypto-enabled accounts were created across Apex client’s platforms. Of the 8 million US-based accounts analyzed overall, nearly 4.5 million are crypto-enabled, reflecting the rapid rise in cryptocurrency adoption as investors across generations increasingly shifted towards a “buy” versus “sell” tendency. Moreover, younger investors with crypto-enabled trading accounts tended to diversify their portfolios with the inclusion of mainstream stocks and smaller, unique industry bets, including AMC, Disney and Genworth Financial. “ Over the next 25 years, nearly $70 trillion of wealth is expected to transfer from Baby Boomers to younger generations, including Millennials and Gen Z. This imminent generational wealth transfer has already begun fueling major implications for how, when, and why financial services are consumed today and in the future,” said Bill Capuzzi, Chief Executive Officer of Apex. “ As market dynamics continue to shift, Apex is proud to support the interests of retail investors as they further propel innovation in digital wealth management to new heights.” The Apex Next Investor Outlook includes an analysis of the top 100 stocks owned by millions of investors on the Apex platform. The Q1 2022 report analyzed more than 1.3 million Gen Z accounts, in addition to more than 6.7 million accounts held by Millennials, Gen X and Baby Boomers. Themes in the Q1 2022 Apex Next Investor Outlook include: Energy stocks heat up – Energy stocks soared in the Gen Z rankings in Q1 as the war in Europe propelled crude oil prices to multi-year highs. Chevron jumped 27 spots to #49 while Enterprise Products Partners and Energy Transfer joined the top 100 at #88 and #97, respectively. Exxon Mobil, which climbed 10 spots to #24, was one of several energy companies to raise spending on share repurchases, offering a further boost to sentiment surrounding the sector. Scooping up dividend stocks – Younger investors embraced dividend stocks, reflecting an inclination for safety amid turbulent market conditions by purchasing shares of stable, income-generating companies. 43 of the top 100 Gen Z holdings are dividend payers, and 30 of those dividend stocks, or 70%, climbed the rankings in Q1. Gen Z investors rewarded well-established businesses offering cash payments to shareholders, including Costco Wholesale (up 5 to #19), Coca-Cola (up 5 to #22), AbbVie (up 10 to #35) and PepsiCo (up 5 to #62). Growth stocks on shaky ground – High-flying growth companies slid in Q1 as Gen Z investors weighed concerns about how they will fare in an environment of rising interest rates. Electric vehicle manufacturers fell, including Lucid (down 6 to #16) and Rivian (down 11 to #55). Tech and online companies were also challenged, including cryptocurrency exchange Coinbase (down 9 to #37), video game developer Roblox (down 12 to #48), e-commerce player Shopify (down 19 to #50) and social media firm Snap (down 23 to #64). Cross generational interest in crypto – Broken down by generation, Millennials represented 54% of crypto-enabled accounts, with Gen Z and Gen X each accounting for 21%. Boomers held just 4% of crypto-enabled accounts. When looking at trade activity for single-name stocks held as a long position, all generations of crypto-enabled account holders exhibited a higher “buy” than “sell” tendency, ranging from 60% (Millennials) to 74% (Gen X). Crypto mixing with big-name players and unique underdogs – Crypto-enabled accounts across all generations also sought to diversify their portfolios with both mainstream and underdog accounts. Several big, well-known names landed within the top 20, including Tesla (#5), Apple (#6), Amazon (#7), Ford (#9), Disney (#15), Microsoft (#18) and Meta Platforms (#19). Flagship meme stock AMC Entertainment was widely owned, landing at #3, and electric vehicle companies NIO (#16) and Lucid (#17) also made the top 20. Other top holdings represented a variety smaller companies and unique industry bets, such as insurance provider Genworth Financial (#1), security firm ADT (#2), healthcare company Opko Health (#4), building materials firm Cemex (#8) and interactive entertainment provider Zynga (#10). To see the complete list of the Apex Top 100 stocks among Gen Z investors, click here . About Apex Fintech Solutions Apex Fintech Solutions LLC, the “fintech for fintechs,” is the parent company of Apex Clearing Corporation, a custody and clearing platform that’s powering innovation and the future of digital wealth management, and Apex Pro, a trusted clearing partner to broker-dealers, ATS’s, routing firms, professional trading firms, hedge funds, institutions and emerging managers. We offer cryptocurrency trading and custody services through Apex Crypto LLC, a wholly owned subsidiary of Apex Fintech Solutions. Collectively, our suite of solutions creates an environment where companies with the biggest ideas in fintech are empowered to change the world. If you’ve got the guts to dream, we’ve got the guts to help you realize those dreams. For more information, visit the Apex Fintech Solutions website: https://www.apexfintechsolutions.com . Contacts Media: Genevieve Pirrong/Sara Widmann Gasthalter & Co. (212) 257-4170 apexfintechsolutions@gasthalter.com Secret Network Partners with dYmension Blockchain to Improve Scalability dYmension to be the first rollup as a service on the Cosmos chain TEL AVIV, Israel--(BUSINESS WIRE)--Secret Network, the privacy-first blockchain, today announced its partnership with dYmension , which will run layer 2 rollups as a part of the Cosmos ecosystem. Secret Network has seen skyrocketing network activity, and partnered with dYmension to improve scalability on its blockchain. Rollups like those dYmension provides perform transactions outside the main blockchain and send the transaction data back to the main network, alleviating the pressure of heavy site traffic and enabling further user growth by reducing complexity on the layer 1. dYmension will provide tools and infrastructure to Secret Network to ensure easy building for users on the platform. “This partnership makes perfect sense,” said Yishay Harel, CEO of dYmension. “Secret and Cosmos are exploding in activity and looking to find innovative scaling solutions so they can continue growing – that’s our bread and butter.” Secret Network, the first blockchain with data privacy by default for smart contracts, allows users to build and use applications that are both permissionless and privacy-preserving. This unique functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3. “Secret Network’s user base has grown astronomically in the past few years, and the blockchain becomes more complex with that kind of growth,” said Guy Zyskind, CEO of SCRT Labs. “We want to continue to be the platform people use to build on Cosmos, and to do that, we must ensure our platform keeps operating flawlessly.” For further information, please visit scrt.network or dymension.xyz . ABOUT SECRET NETWORK Secret Network is the first blockchain with data privacy by default for smart contracts, allowing you to build and use applications that are both permissionless and privacy-preserving. This unique functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3. First launched on mainnet in February 2020, the network is supported by dozens of independent development companies (including the SCRT Labs core development team), world-class “secret node” operators, and thousands of Secret Agents around the world helping to advance the cause of data privacy for the decentralized web. Website: https://scrt.network Twitter: https://twitter.com/secretnetwork Discord: https://chat.scrt.network ABOUT SCRT LABS SCRT Labs is the driving force and the founding core development team behind Legendao. Their mission is to create products and systems that accelerate the adoption of privacy-first, decentralized technologies. Learn more at SCRTLabs.com. ABOUT DYMENSION dYmension's blockchain platform is the first settlement layer supporting enshrined rollups in the Cosmos ecosystem. An enshrined rollup is a scaling solution which is embedded in the protocol logic, resulting in dramatic improvements of scale and cost. dYmension’s vision to rollups is as Cosmos is to blockchains. The network will provide all the tools and infrastructure needed to easily build and launch a rollup, enabling a future where metaverse apps, games and other ultra-TPS services can reside on the blockchain. Website: https://dymension.xyz Twitter: https://twitter.com/dymensionXYZ Discord: https://discord.gg/mvnh3YVa2W Contacts Sofia Coon On Behalf of SCRT Labs scrt@wachsman.com Abra Hires Two Executives Amid Record Year of Growth MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Abra, a leading crypto wealth management platform, today announced the appointments of Ya Li and Constance Sng as chief risk officer and global head of investor relations and capital formation, respectively. Ms. Li and Ms. Sng will report to the chief financial officer of Abra, Justin McMahan. In this new role, Ms. Li will grow a team to further strengthen the firm’s risk infrastructure, including systems, methodologies, policies and procedures. Ms. Sng and her team will be responsible for growing and cultivating investors for Abra and its funds at Abra Capital Management. “ We are thrilled to welcome Ya and Constance to our growing team,” said Mr. Barhydt. “ Ya brings over a decade of experience managing and implementing risk models, policies, and procedures, and we are excited for her to bring her proven leadership to our risk team. Constance’s investment acumen, combined with her passion for investor and institutional relationships, has allowed her to dominate in the asset raising and product structuring arena. I know she will prove invaluable in cultivating strong relationships and partnerships with our global investors for both Abra itself and our funds at Abra Capital Management.” Ya Li spent the last 10 years of her career at ED & F Man, most recently as the CRO of the Swap Dealer and the director of risk management of the Broker Dealer and FCM. In these roles, Ms. Li managed and oversaw all aspects of risk, including but not limited to market, credit, liquidity, regulatory, capital, and operational functions, as well as supported profitable growth through the effective and efficient risk modeling of new businesses and products. Constance Sng is an entrepreneurial and solution-driven senior leader with a proven track record of more than 20 years of success in the financial services industry and a strong established global network of institutional clients and consultant relationships. Before joining Abra, Ms. Sng served as the chief of capital strategy at Hudson Cove Capital Management, helping transform the firm from a family office managing internal capital to an asset manager with global institutional investors and investment consultants. During her time at the firm, she developed strategies for the firm’s institutional investor acquisition and launched strategic initiatives to grow market share and revenues across the hedge fund and private credit portfolios. Before that, Ms. Sng held a variety of leadership and senior roles at Moore Capital Management, Satellite Asset Management, Citigroup Asset Management and Credit Suisse Asset Management in New York and Singapore. These additions follow the appointment of Justin McMahan as CFO in March and a year of tremendous growth for the firm. In early April, Abra launched its asset management strategy, Abra Capital Management (“ACM”). Through ACM, Abra’s clients can access actively managed, structured products and investment funds in addition to Abra’s best-in-class buying, trading, and borrowing services. About Abra Abra is a leading crypto wealth management platform. The company’s vision is to help create an open, global financial system that is easily accessible to everyone. Founded in 2014 by Bill Barhydt, Abra’s hundreds of thousands of users earn high yields on their crypto assets, trade over 100 different cryptocurrencies and borrow dollars against crypto holdings. Abra has processed over $1 billion in crypto-backed loans and has paid millions of dollars in interest payments to retail and institutional clients alike. Abra’s investors include American Express, Blockchain Capital, Ignia, Digital Currency Group, HCM Capital, and Pantera Capital, among others. For more information, please visit www.abra.com . Contacts Media Carissa Felger/Sam Cohen Gasthalter & Co. (212) 257-4170 abra@gasthalter.com Independent Global Survey Finds Metal Payment Cards Give Financial Institutions a Competitive Edge Millennials’ choice of bank influenced by the metal card form factor, according to survey of 18,000 consumers in 18 countries by Edgar, Dunn & Co. SOMERSET, N.J.--(BUSINESS WIRE)-- $CMPO #banking -- CompoSecure, Inc. (“CompoSecure”) (NASDAQ: CMPO), a leading provider of premium financial payment cards and cryptocurrency and digital asset storage and security solutions, today released a new report based on an independent global survey from Edgar, Dunn & Company and commissioned by CompoSecure. The results of the survey found a strong affinity towards physical and metal payment cards, especially with digital-native millennials. The majority of respondents (56%) preferred a physical payment card for in-person purchases versus a digital wallet or cash, underscoring consumer desire for physical cards while highlighting the branding opportunities for financial organizations. Millennial consumers were influenced by a payment card’s form factor, as 61% stated they have a greater inclination to leave their bank for one that offers a metal card. Consumers in many affluent and technology-forward countries preferred physical cards by an overwhelming majority versus digital wallets: U.S. (only 10% preferred digital wallets), France (only 7% preferred digital wallets), Canada (only 18% preferred digital wallets), Poland (only 10% preferred digital wallets), Italy (only 10% preferred digital wallets), and U.K. (only 11% preferred digital wallets). Metal Cards Strengthen Brands The survey found that metal payment cards are one of the best tools for financial institutions to bolster brand loyalty, attract new customers and establish positive brand interactions. Most consumers (70%) would select an offer that includes a metal payment card if all rewards and benefits were equal, which is up 4% from a prior Edgar, Dunn survey completed in 2019. This includes two-thirds (64%) of U.S. consumers, an 8% increase from 2019, and was significantly higher in India (91%), Mexico (88%), Brazil (88%), Turkey (82%), China (82%), and Indonesia (82%). The survey also points to metal cards as an important decision-making trigger for the consumer’s choice of financial institution in conjunction with a strong loyalty and rewards program. Key survey findings included: Customer Retention – Financial institutions offering metal payment cards are better able to keep their customers. Half of consumers surveyed (51%) took their desire for metal cards further by indicating they would leave their bank for another that offered a metal payment card, assuming the payment card benefits and rewards were equal. Millennials (61%) and wealthy (63%) consumers have a greater inclination to leave their bank for one that offers a metal card. This willingness to switch was most substantial in emerging markets such as Brazil (73%), India (72%), Indonesia (72%), Mexico (70%), and Turkey (65%). More than one-third (39%) of U.S. respondents would switch to a bank offering a metal card. Brand Loyalty – Metal cards are proven to build a positive brand image of the bank with customers. Most customers (58%) would feel more positive about their bank because they offered a metal card. This is particularly true for Latin American countries, with 73% of those surveyed in both Mexico and Brazil wanting their banks to offer a metal card. India and Indonesia had the highest lift in feeling positive about their bank offering a metal card, at nearly 9 in 10 respondents (89%). Customer Awareness – Awareness of metal cards also grew 7% from the prior survey. Globally, the majority (59%) of people were unaware of metal cards. The Asia Pacific (APAC) region was the most familiar with metal cards (India 24%, China 35%, Indonesia 41%, Singapore 51% and Japan 54%); however, many untapped regions have tremendous growth potential due to the lack of awareness of metal cards: Poland (74%), Canada (74%), Australia (70%), Germany (69%), Mexico (68%), Turkey (67%), U.K. (66%), Italy (65%), and Brazil (65%). Affluent Consumers – Financial institutions can better target wealthy customers by offering a premium metal payment card solution. Metal cards would be the card of choice (80%) for affluent consumers worldwide, if the benefits and rewards were equal to plastic options. The majority of wealthy customers (62%) also would be more willing to switch banks for one offering a metal card. Future Customers – Banks may be able to lower the age demographic of their customers by offering metal cards. The preference for metal cards spiked to 77% among millennials (ages 25-34) across all the regions, and particularly in Latin America and APAC with those surveyed in Brazil (89%), China (89%), India (88%), Mexico (88%), Indonesia (85%), and Hong Kong (81%) preferring a metal card. Recycled Metal – The report also indicated a global climate mindset, with an overwhelming majority (72%) of respondents saying they would choose a payment card made of eco-friendly materials if all rewards and benefits were the same. CompoSecure’s premium metal card products should be of particular interest since they contain 54% post-consumer recycled material, made from an average of 65% post-consumer recycled stainless steel. Metal Attraction – According to survey respondents, the top two reasons consumers are attracted to metal payment cards are their durability and innovative design. However, metal cards also are associated with exclusivity and luxury in many countries. This is especially true in India (49%), Indonesia (42%), and China (41%). To download the free metal card report, please visit: https://www.composecure.com/the-growth-of-premium-metal-cards Methodology The global survey of 18,000 people in 18 markets around the world was commissioned by CompoSecure and conducted by Edgar, Dunn & Company, an independent global strategy consulting firm specializing in payments and digital financial services. This latest 2021 study validates data from an initial study from 2018[9?], reinforcing the value and demand for metal payment cards and the risks of customer attrition for banks only offering plastic products. Edgar, Dunn & Company’s Metal Card Consumer Study encompasses documentation of the financial industry and consumer trends along with an original survey to gauge and validate consumer demand and card issuer interest in metal cards. Edgar, Dunn & Company surveyed 18 different markets (Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Mexico, Poland, Russia, Singapore, Turkey, U.S. and U.K.) to present a h
The Original Article can be found on Blockchain.News

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