Fresh capital and talent injection to expand platform’s offerings for mobile game developers Led by renowned investors like Deribit, SevenX Ventures, Axia8, LD Capital, and Genblock Capital, Colizeum, the blockchain-based mobile gaming eSports ecosystem, has closed an $8.4 million round during its latest fundraising drive. Other prominent industry leaders, including TPS Capital, Momentum6 (Lumen Capital…

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Renewed signs of a “crypto desert” coupled with declining yields make Coinbase especially unattractive heading into the first half of this year, Mizuho Securities said in an analyst report published Tuesday, cutting its price target for the shares to $220 from $300. Mizuho forecasts the crypto exchange had trading volume of about $525 billion in…

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Play-to-earn fans are forming game-specific DAOs to decide the best way to grind the burgeoning crypto-powered entertainment industry.

The post Play-to-earn gamers form ‘subDAOs’ to maximize crypto profits appeared first on Protos.

Tallinn, Estonia, 26th January, 2022, Chainwire MyCointainer, a platform for easy yield staking, announced it has raised $6 million in a Seed Round. The event was led by Maple Block and co-led by Shima Capital & ByBit – one of the dominant cryptocurrency exchanges worldwide. Numerous high-profile angel investors also participated in the round. Among […]

BANGI, Malaysia, Jan 26, 2022 - (ACN Newswire) - Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their best financial quarter to date for their third quarter ended 31 December 2021 (Q3FY2022). The Company recorded a 2,350% growth on their quarter on quarter (QoQ) profit after tax (PAT) performance, with an increase of RM18.8 million for the said quarter to RM19.6 million, compared to RM0.80 million registered for the corresponding quarter (Q3FY2021) due to higher revenues and managed costs.

For the same quarter, Genetec's profit before tax (PBT) stood at RM21.0 million which is higher by 19.3% than the RM17.6 million posted in their second quarter (Q2FY2022), due to higher sales whilst costs remained stable. Revenue for the quarter stood at RM65.3 million, an increase of 98.5% QoQ, and a 10.1% increase over the preceding quarter Q2FY2022, bringing the annual total to RM164.9 million for the 9 months ending 31 December 2022 (9MFY2022). Earnings per share stood at 34.53 sen (fully diluted) in Q3FY2022 compared to EPS of 2.06 sen in Q3FY2021.

For the nine months of the financial year ended 31 March 2022 (9MFY2022), the Company recorded 2,656% higher PAT of RM44.1 million compared to the corresponding period of the previous financial year of RM1.6 million (9MFY2021). PBT for 9MFY2022 stood at RM47.5 million, which is 2,694% higher than the PBT of RM1.7 million while revenue is 96.3% higher at RM164.9 million compared to RM84.0 million of the corresponding period.

Genetec highlighted in their announcement, "We continue to progress with our plans. Earlier this month we concluded our Bonus Issue exercise announced on 25 October 2021 with the listing of the new issue of securities or 629,503,200 bonus shares (effective 11 January 2022) on the ACE Market of Bursa Malaysia Securities Berhad. In addition to rewarding our existing shareholders and improving share liquidity, we hope to encourage greater local retail participation.

Looking ahead, we continue to build on the electric vehicle (EV) and energy storage division and expect it to remain a significant and growing contributor to our overall performance. This growth will be driven by regional and worldwide demand as countries and businesses step up their efforts towards achieving the zero-emissions target set for 2050. Industries immediately impacting our business are those in transport and energy, both retail and industrial, as everything from day-to-day energy needs for both retail and commercial, heavy industry vehicles and machinery, public transport to e-scooters turn electric."

Genetec also cited The Economic Intelligence's 'Automotive in 2022' research report outlook for global sales of new vehicles that is expected to rise by 7.5% in 2022, surpassing 2019 levels. Prospects for the global sales of new EVs will continue to soar, rising by 51%, with Asia and North America leading the recovery. Whilst new emission rules will force transport vehicle makers and businesses to make far-reaching decisions about their energy sources and fossil-fuel models, this shift is also well supported by the growing number of policies to incentivise greater efforts towards renewable energy vehicles and generation. On a corresponding topic, Nasdaq expects energy storage to potentially emerge as the hottest market of 2022 as the trends advance over the course of the year.

Building on the momentum gained, Genetec's 11 January 2022 announcement of their Memorandum of Understanding (MoU) with Thailand-based Asia Precision Public Company Limited (APCS) signals the Company's efforts to diversify its client base and growth strategy through greater exposure to the Thai and ASEAN markets. Plans are in the works to collaborate and conduct a feasibility study in relation to the potential development of a factory automation facility for energy storage system (ESS) in Thailand. The study will include but will not be limited to the economic, financial, technical, and legal feasibility for the most appropriate structure and details of the project.

Genetec concluded, "We continue to remain cautiously optimistic but vigilant as businesses and economies continue their fragile recovery after being battered down over the two-year pandemic. Adoption of technologies and automation across different industries are expected to continue as businesses seek greener solutions, to greater efficiencies and reliability in their production lines. The knock-on effect of technology adoption is the demand for storage, data, and intelligence, which will drive the potential of the global hard disk drive (HDD) market. Genetec expects growth for the segment to continue by 5.11% for the period of 2021 to 2026 due to data storage requirements, the booming laptop market and digitalisation."

Please contact the below for more information:
Hakim Juraimi
Tel: +60 12-318 5410
Email: [email protected]

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comTechnology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their best financial quarter to date for their third quarter ended 31 December 2021 (Q3FY2022).

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Bumble Inc. (“Bumble” or the “Company”) (NASDAQ: BMBL) investors concerning the Company’s possible violations of the federal securities laws. If you suffered a loss on your Bumble investments or […]

The post Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Bumble Inc. (BMBL) on Behalf of Investors appeared first on Fintech News.

SAN FRANCISCO–(BUSINESS WIRE)–Block, Inc. (NYSE: SQ) will release financial results for the fourth quarter and full year of 2021 on Thursday, February 24, 2022, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register […]

The post Block to Announce Fourth Quarter and Full Year 2021 Results appeared first on Fintech News.

If in doubt, don't give it out! (And don't forget that no reply is often a good reply.)

MicroStrategy Inc. plans to continue investing in bitcoin despite recent declines in the value of the cryptocurrency asset and a call by U.S. securities regulators to revise its disclosure in future filings. The Tysons Corner, Va.-based software company, is one of a handful of companies with bitcoin holdings, alongside Tesla and payment company Square, which […]

Read full post MicroStrategy will continue to buy more bitcoin despite the market tumble, CFO reveals. on Chaintimes.com.

HONG KONG, Jan 25, 2022 - (ACN Newswire) - Regina Miracle International (Holdings) Limited ("Regina Miracle" or the "Group") (Stock code: 2199) today announced a partnership agreement with Victoria's Secret & Co. ("Victoria's Secret") (NYSE: VSCO) related to the latter's existing company-owned business in China.

Regina Miracle and Victoria's Secret have formed a joint venture ("JV") to operate all Victoria's Secret stores and the related online business in the People's Republic of China ("PRC"). Under the terms of the agreement, Regina Miracle will own 49% of the equity interest in the JV with a consideration of US$45 million in cash while Victoria's Secret will own the remaining 51% interest. The JV shall carry out the PRC business comprising designing, developing, manufacturing, marketing and sale of certain lingerie, intimate apparel as well as marketing and sale of personal care and beauty products under the agreed trademarks of Victoria's Secret in the PRC through its subsidiaries.

YY Hung, Chairman, CEO & Executive Director of Regina Miracle, said, "We are honored and excited to be elevating our long-standing partnership with Victoria's Secret through the formation of this joint venture in the promising China market. We are confident that our highly complementary strengths - Regina Miracle's industry-leading innovation capabilities and market foresights as an Innovative Design Manufacturer, and Victoria's Secret's undisputed brand leadership, retailing and marketing expertise - will perfectly position this partnership in capturing the growth opportunities and creating value for consumers in China."

Victoria's Secret CEO Martin Waters commented, "I am delighted to announce this partnership with Regina Miracle, who has been a valued merchandise supplier partner for more than twenty years. Together with Regina Miracle, we aim to grow the China business through joint investment in product development, distribution, and marketing. We expect the partnership will positively impact the speed and agility of the business to benefit consumers and provide us with a platform for a strong future in this important market. This JV with Regina Miracle in China completes a multi-year repositioning of the International business of the Company and we believe establishes a platform for accelerated sales and earnings growth in the market over the next several years."

About Regina Miracle International (Holdings) Limited
Regina Miracle International (Holdings) Limited (stock code: 2199), a global leader in the intimate wear manufacturing industry with a unique innovative design manufacturer ("IDM") business model, is engaged in the innovation, design and manufacturing of a diverse range of products, including mainly intimate wear, sports bra and apparel, consumer electronics components, and footwear. Committed to product innovations through proprietary craftsmanship revolutions, patented product and production technological breakthroughs, the company has acquired a number of competitive industry edges that have spearheaded its developments over the years into being a global industry leader. Today, Regina Miracle has two strategic strongholds - its R&D and production base in China, and a major production base in Vietnam, with a combined workforce of more than 46,000.

About Victoria's Secret & Co.
Victoria's Secret & Co. (NYSE: VSCO) is the world's largest intimates specialty retailer offering a wide assortment of modern, fashion-inspired collections including signature bras, panties, lingerie, casual sleepwear, athleisure and swim, as well as award-winning prestige fragrances and body care. With nearly 1,400 retail stores worldwide and a predominately female workforce of more than 25,000, Victoria's Secret boasts the largest team of specialty trained bra fit experts worldwide. Victoria's Secret is committed to inspiring women around the world with products and experiences that uplift and champion them and their journey while creating lifelong relationships and advocating for positive change.


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comRegina Miracle International (Holdings) Limited ("Regina Miracle" or the "Group") (Stock code: 2199) today announced a partnership agreement with Victoria's Secret & Co. ("Victoria's Secret") (NYSE: VSCO) related to the latter's existing company-owned business in China.

The project has its token presale on January 27, 2022. Buyers interested in the presale tokens can do so through the Carola Morena DAPP. Notably, it will be available soon on the project's official website.  

Carola Morena is Refreshing the Entertainment Industry

Carola Morena believes that music should be based on reliable and secure software technology. To accomplish this, they created their BEP-20 token on Binance Smart Chain. The project will also reward holders who help in creating quality music and discover new artists.

Carola Morena reinvents the concept of leisure for concertgoers. It combines a versatile, exclusive space with an extraordinary gastronomic experience. The euphoria of the dance floor, the high-quality KV2 sound system, and the awe-inspiring lighting combine in the massive arena to redefine Madrid's nightlife.

The token's revenue will promote musical shows, DJ events, and promotions. In addition, other events at Madrid's iconic Principe Po train station. The massive complex in the heart of Madrid provides a multicultural space for music lovers. 

The renovated 3040 m2 space is inspired by New York and includes a Healthy Corner and exclusive VIP sections. The complex generates a one-of-a-kind environment, elevating Carola Morena to a reference establishment in the entertainment industry.

From the Carola Morena Academy to the World

The Carola Morena Academy is supported by the Carola Morena Music token, whereby artists can get into the program by selection. Artists will enter the program through a selection process, of which holders will be part. 

Each year, the project will choose different categories and styles. It will then provide 24 artists (individuals and groups) with a real-life opportunity. Selected performers are then assigned to one of two categories: Talent Cultivation or Talent Drive. Here, they will assist musicians by producing their first professionally released song. They may also expand their previously existing portfolio (or both).

In addition, 10% of ticket purchases for musical events will be converted to BUSD and sent to the liquidity pool. This approach should raise the native coin's price floor. Each year, the team expects that roughly $500K will come to liquidity for Music CMM. As a result, the token's market value will benefit.

Carola Morena distributes 40% of the earnings from signing and promoting artists to its artists. On PancakeSwap, some royalties help to boost liquidity. As a result, they can reduce price volatility and make token trading more frictionless.

About Carola Morena

Carola Morena reinvents the concepts of nightlife, gastronomic experience, artistic expression, musical production, and event organization. They aim to become the benchmark of the cultural panorama in Madrid.

It features sound and lighting systems exclusive to the hotel. There are also gastronomic presentations by the finest chefs and performance and musical arts. Music events and experiences in a multidisciplinary space will also come alive. 

To learn about the project and connect with the community, check out their social platforms below:

Website: https://www.carolamorena.com/

Twitter: https://twitter.com/_carolamorena

Telegram: https://t.me/CarolaMorena_EN 

Facebook: https://www.facebook.com/carolamorenamadrid

TikTok: https://www.tiktok.com/@carolamorena

Youtube: https://www.youtube.com/channel/UCJhpdlEXBm59_Zf9S7SwYRw

Instagram: https://www.instagram.com/carolamorenamadrid/

LinkedIn: https://www.linkedin.com/company/carola-morena

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, continues its investigation on behalf of Hollysys Automation Technologies Ltd. (“Hollysys” or the “Company”) (NASDAQ: HOLI) investors concerning the Company’s possible violations of the federal securities laws. If you suffered a loss on your Hollysys investments or would like to […]

The post Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Continues Investigation of Hollysys Automation Technologies Ltd. (HOLI) on Behalf of Investors appeared first on Fintech News.