Sign In  |  Register  |  About Pleasanton  |  Contact Us

Pleasanton, CA
September 01, 2020 1:32pm
7-Day Forecast | Traffic
  • Search Hotels in Pleasanton

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Coinbase Launches a ‘Wallet as a Service’ Business

Coinbase, the largest cryptocurrency exchange in the US, is launching a “wallet as a service” business that would allow companies to personalize blockchain wallets for their own consumers. The service might be used by gaming apps that include tokens or non-fungible tokens (NFT), or by organizations who wish to embed a wallet within an app and make it “virtually undetectable to the end user,” according to Patrick McGregor, Coinbase’s head of product for Web3 developer platforms. In addition to individuals who use the exchange, Coinbase Wallet, and institutional investors who utilize its trading and custody solutions, Coinbase (NASDAQ:COIN) is working to broaden its capabilities to blockchain developers. Meanwhile, The INX Digital Company, Inc. (NEO:INXD) (OTCQB:INXDF) has launched INX.One, the world’s first fully regulated platform, bringing together investment and trading in security tokens, cryptocurrencies, and capital raising offerings in one location. CME Group (NASDAQ:CME), Block Inc (NYSE:SQ), and PayPal Holdings, Inc (NASDAQ:PYPL) are other companies innovating in the crypto space.

The INX Digital Company, Inc. (NEO:INXD) (OTCQB:INXDF) is the first digital asset trading platform for both cryptocurrencies and security tokens that is regulated by the SEC. On March 23, the company announced that it will be facilitating the first-ever security token dividend distribution using blockchain technology on its platform.

Trucpal Token issuer HGC Info Tech will be leveraging INX’s SEC-registered Transfer Agent solution to distribute dividends in the form of USDC stablecoins. This dividend payment represents the next evolution of digital asset investing and is the first of its kind globally. HGC’s dividend payout with INX provides issuers with enhanced possibilities for reducing operational costs, deepening engagement with investors, and raising capital. For investors, it offers liquidity and an opportunity for more wealth creation that wasn’t previously available.

“Trucpal’s first dividend distribution to its investors is a full circle moment for the INX team, and implementation of the company’s vision to allow true democratization of finance,” said INX Digital’s deputy CEO and COO Itai Avneri. “We have supported HGC through its entire journey, starting with its first capital raise for the Trucpal Token, the first security token offering on INX.One, and now the next evolution of the token’s life cycle in the form of a dividend.”

“With the support of INX and Magic Circle, we are proud to issue the first dividend to Trucpal investors – more than 6 months ahead of schedule,” said HGC Founder Wendong Zhang. “Even more significant will be the launch of the Trucpal Token, exclusively on INX.One, which allows HGC to share the long-term benefits of the SaaS ecosystem with investors, shareholders, management team and users, rapidly scaling Trucpal’s business in a quantifiable flywheel effect.”

In December, INX Digital announced a strategic partnership with SICPA, a global leader in authentication, revenue realization, and secure traceability solutions, to help governments create digital assets that are both innovative and sovereign.

The Swiss-based joint venture integrates blockchain infrastructure and digital cash technologies to meet the core needs for Central Bank Digital Currencies, which include privacy, security, financial inclusion, resilience, and other factors. This paves the way for the development and deployment of a secure and scalable environment in which all central banks can use digital currencies.

INX‘s CBDC and blockchain experience will be combined with that of SICPA’s digital team to create CBDC solutions and the ecosystems that support them. These solutions will assist clients in strengthening monetary sovereignty and efficiently growing the country’s GDP. The merged team will set the bar for developing innovative approaches to meeting critical needs from central banks and their ecosystems, including compliance, scalability, cross-border transactions, and programmability. The CBDC ecosystem will make extensive use of SICPA’s complex and advanced security features.

In the third quarter of 2022, INX Digital had $25.8 million in cash and cash equivalents and $8.7 million in short-term and long-term assets. The vast majority of short- and long-term investments are in investment-grade corporate bonds and Treasury securities issued by the US government.

Throughout the quarter, INX took significant steps to establish cutting-edge technology that would aid in the creation of a new and responsible digital economy. It also formed new, strategic international relationships and launched a slew of new projects to broaden the Company’s services and reach, promote brand recognition, and increase sales in the future.

Please visit this link for more information on INX Digital Corporation (NEO:INXD).

Crypto Companies Report Revenue Growth

Despite massive system shocks, Coinbase Global (NASDAQ:COIN) and cryptocurrency proved to be rather durable in 2022. Revenue has been diversifying, with Q4 net revenues increasing 5% year-over-year, mostly due to subscription and services. While transaction revenue fell 12% year on year in Q4, subscription and services revenue increased 34% year on year to $283 million. Coinbase is aiming to improve full-year 2023 Adjusted EBITDA in absolute dollar terms against full-year 2022, and the Company believes its recent cost-cutting measures will help it get there. 

CME Group (NASDAQ:CME) has published its February 2023 market figures, averaging 28.2 million contracts on a daily basis. Interest Rate ADV grew 8% to second-highest monthly ADV ever. The company had record SOFR futures and options volume, and record Micro Copper futures volume. Bitcoin futures ADV increased by 22% while Ether futures ADV increased by 14%. CME Group will, assuming regulatory approval, begin offering options on its current US Dollar/Offshore Chinese Renminbi (USD/CNH) futures on April 3.

Block Inc (NYSE:SQ), a multinational technology firm with a concentration on financial services, is making its first social impact investment in the UK by contributing £2 million to ART Business Loans (ART), with matching funds from reputable ethical lender Unity Trust Bank. ART, a Community Development Financial Institution (CDFI) with headquarters in Birmingham, was established in 1997 with the goal of reducing poverty via entrepreneurship by facilitating loans for local companies. Businesses in underserved and underprivileged communities who are unable to receive their entire requirements from conventional Banks are given loans from ART ranging from £10,000 to £150,000.

In the fourth quarter of 2022, PayPal Holdings, Inc. (NASDAQ:PYPL) reported net revenues of $7.4 billion, up 7% and 9% on an FX-neutral basis (FXN). Total Payment Volume (TPV) was $357.4 billion, up 5% and 9%; GAAP EPS was $0.81 in Q4 2022 compared to $0.68 in Q4 2021, while non-GAAP EPS was $1.24 compared to $1.11 in the prior year quarter. Since introducing Buy Now Pay Later in FY’20, PayPal has provided loans to close to 30 million clients totaling over 200 million. The Company rolled out a new PayPal Rewards program to the digital wallet, giving users an easy way to purchase and earn rewards all in one spot. In keeping with Paypal’s continued commitment to provide new ways to spend, send, receive, and manage money with Venmo, Pay with Venmo ramped up to full availability for U.S. Amazon customers.

INX is led by an experienced and devoted team of business, financial, and technology experts that share the ambition of transforming capital markets using blockchain technology and an innovative regulatory approach.

Featured Image MegaPixl @ Grejak

Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.

2) The Article was issued on behalf of and sponsored by, E3 Lithium Ltd. Market Jar Media Inc. has or expects to receive from E3 Lithium Ltd’s Digital Marketing Agency of Record (Native Ads Inc.) one hundred ninety thousand CAD for 33 days (24 business days).

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com.

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.

6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding E3 Lithium Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to E3 Lithium Ltd.’s industry; (b) market opportunity; (c) E3 Lithium Ltd.’s business plans and strategies; (d) services that E3 Lithium Ltd. intends to offer; (e) E3 Lithium Ltd.’s milestone projections and targets; (f) E3 Lithium Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) E3 Lithium Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) E3 Lithium Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute E3 Lithium Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) E3 Lithium Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) E3 Lithium Ltd.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) E3 Lithium Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of E3 Lithium Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) E3 Lithium Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact E3 Lithium Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing E3 Lithium Ltd.’s business operations (e) E3 Lithium Ltd. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, E3 Lithium Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does E3 Lithium Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither E3 Lithium Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of E3 Lithium Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of E3 Lithium Ltd. or such entities and are not necessarily indicative of future performance of E3 Lithium Ltd. or such entities.

Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:

Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Photography by Christophe Tomatis
Copyright © 2010-2020 Pleasanton.com & California Media Partners, LLC. All rights reserved.