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SFOX Receives Approval to Become a Wyoming Trust

Prime Broker’s Trust Charter Will be First-Ever Cryptocurrency Platform to Provide Clients with Full Range of Investment, Trade Execution, and Custodian Services SAN FRANCISCO–(BUSINESS WIRE)–SFOX, a digital asset prime dealer that unites liquidity from 30+ global exchanges and OTC desks in one platform to power trading at scale, announced today the state of Wyoming has […]

The post SFOX Receives Approval to Become a Wyoming Trust appeared first on Fintech News.

Three Ways to Defeat Ransomware

Ransomware is very difficult to stop, mostly because the attackers are adept at locking up a network long before anybody in an organization even sees a ransom note.  In many attacks, the malware combines an encryption payload with automated propagation. 

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What hyperautomation means for the future of lending

The banking industry is currently in the midst of a transformative migration heavily weighted towards digitization. To make this enormous shift possible, financial institutions are increasingly turning to hyperautomation. According to a KPMG report, 59% of executives say that the pandemic has accelerated their organizations’ interest in driving digital transformation. Many people have traditional views […]

Ethereum Hits Major Milestone: 1 Million Unique NFT Buyers

Ethereum

Ethereum, the second-largest blockchain, officially reached the 1 million unique NFT buyers mark on Sunday, seven years since the first NFT was minted on Ethereum blockchain. As rival ecosystems have seen formidable growth, threatening Ethereum’s dominance, the announcement shows that Vitalik’s offspring still lead the NFT game for the time being. According to the most [...]

The post Ethereum Hits Major Milestone: 1 Million Unique NFT Buyers appeared first on Blockonomi.

Funnel Leasing lands $36.5M Series B round for renter-first technology

Funnel Leasing offers a customer relationship management solution for property managers and deems itself a "renter-centric" leasing platform. It closed on $36.5 million.

Data-Driven Strategies to Help Prevent ACH Fraud

There is no question that advances in data technology have led to some major changes in the financial industry. A growing number of banks, insurance companies, investment management firms and other financial institutions are finding creative ways to leverage big data technology. The market size for financial analytics services is currently worth over $25 billion. […]

The post Data-Driven Strategies to Help Prevent ACH Fraud appeared first on SmartData Collective.

[SPONSORED] How to Eliminate Crypto Onboarding Delays & SIM Swap Fraud

3 ways top crypto companies are leveraging Prove’s technology to onboard new users in 10 seconds while also mitigating SIM swap fraud and other identity fraud.

The post How to Eliminate Crypto Onboarding Delays & SIM Swap Fraud appeared first on The Block.

Legacy Block Partners with Power of One Foundation to End Hunger

SANTA MONICA, CA, Feb 28, 2022 - (ACN Newswire) - Power of One Foundation ("POOF") has entered into a partnership with Legacy Block (BLCK:Pancakeswap). BLCK is an operating division of Peerless Exponential Partners, LLC (PXP). By way of the partnership POOF will use Legacy Block's BLCK governance token as the governance token for a series of new blockchain based projects targeted at ending hunger in the United States. These projects will materially increase POOF's reach and efficiency in addressing its goal that aligns with the United Nations Sustainable Development Goal (SDG) - Zero Hunger.

Santa Ana Mayor Vicente Sarmiento giving Andre Roberson CEO Power of One the Key to the City

Legacy Block ("BLCK") is the governance token of several protocols seeking to address some of the world's greatest challenges. "We believe we can use our token to solve some of the world's pressing challenges," says Joel Plasco, Co-Founder of Legacy Block. "When we set out to do this in Nigeria we were met with pessimism, what we now know is people will invest their time in what we call Personal Natural Resources ("PNR") to help themselves and their community. Blockchain and tokens are a very helpful tool for documenting and rewarding people for their participation."

Through the partnership POOF will work with Legacy Block to create new food security solutions leveraging the power of Blockchain. POOF's expertise and capabilities have been tested and honed over the duration of the Covid Pandemic. In 2020, as the effects of Covid halted the economy and devastated the income for tens of millions of Americans, POOF stepped up to feed over 3 million people in California and distributed over 10 million lbs of food earning it 2020 California Nonprofit of the Year.

"We learned during the height of the pandemic that new blockchain based tools could have possibly helped us increase the number of people we fed and could have helped people in need get other vital services. We believe we can use PNR to convert time and other intangible assets into tokenized monetizable assets," says Andre Roberson, CEO of Power of One Foundation.

By working with POOF, Legacy Block believes in the acquisition and utility of cryptographic assets available to everyone on the planet. Legacy Block has signed up 100,000 members in Africa who have pledged more than 5 million hours of their time to help social innovators who solve real world problems. These members are using PNR to eliminate extreme poverty. Legacy Block has agreed as part of this partnership to provide training and start-up capital to 50,000 POOF members which will allow those members to use PNR to reduce food insecurity.

"Applying PNR to food securities issues in the USA is the next step in creating a global PNR ecosystem capable of reducing financial inequalities," says Master Node Holder Lou Zant.

"We are excited to work with Legacy Block to help 50,000 of our community members activate their Personal Natural Resources ("PNR") to achieve permanent food security and to have access to the Legacy Block BLCK governance token and the great minds gathering to solve real life problems using blockchain," says Andre Roberson.

About Legacy Block

Legacy Block is an operating subsidiary of Peerless Exponential Partners, LLC, a company headquartered in the USA. Its purpose is to provide a framework for governance and coordinate the Legacy Block Initiative. This will foster transformative social impact through decentralized technologies in support of financial inclusion. The goal is the elimination of extreme poverty to ensure universal basic opportunities exist for every citizen on the planet.

For more information visit https://blckcoin.org

Contact: [email protected].


Forward-Looking Statements
This press release may contain "forward-looking statements." Forward-looking statements reflect the current view about future events. When used in this presentation, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this presentation relating to the view of management of any company mentioned in this press release. (the "Company") concerning its business strategy, future operating results, and liquidity and capital resources outlook. Forward-looking statements are based on the Company's current expectations and assumptions regarding its business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. The Company's actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and the Company can't predict all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comPower of One Foundation ("POOF") has entered into a partnership with Legacy Block (BLCK:Pancakeswap). BLCK is an operating division of Peerless Exponential Partners, LLC (PXP).

MAPFRE launches new global call for InsurTech start-ups

Insur_space by MAPFRE launches new fast-track-to-market program, its fourth to-date, to attract initiatives from around the world that want to grow in the insurance market (insurtech). The call will remain open until March 31 and is aimed at early-stage or growth companies that already have a product in the insurance market and want to scale […]

The post MAPFRE launches new global call for InsurTech start-ups appeared first on Fintech News.

Online Brokerage Tiger Brokers Kicks off Green Sustainability Efforts Through WWF-SINGAPORE Partnership

SINGAPORE, Feb 28, 2022 - (ACN Newswire) - Tiger Brokers (Singapore) Pte. Ltd. ("Tiger Brokers Singapore") today announced a partnership with World Wide Fund for Nature Singapore (WWF-Singapore) to promote green sustainability efforts in Singapore. Tiger Brokers, as the lead sponsor with WWF-Singapore, will be launching the first AR-mazing Tiger Trail at Gardens by the Bay on 26 February, to kickstart the company's sustainability agenda in 2022.

WWF-Singapore's AR-mazing Tiger Trail will feature a 3-part island-wide trail that focuses on tiger conservation and other key environmental causes impacting the planet today, using art as a vehicle to educate, spark discussion and action. Today, there are approximately 3,900 tigers left in the wild. According to WWF-Singapore, the overall tiger populations are declining and many are still at risk. In some areas of Southeast Asia such as Cambodia, Lao PDR and Vietnam within the last 25 years, tigers have completely disappeared.

Eng Thiam Choon, Chief Executive Officer, Tiger Brokers (Singapore), shared "Together with WWF-Singapore, we aim to raise global awareness of the importance of tiger conservation efforts globally and across Asia. Celebrating Tiger Brokers' 8th anniversary this year, the year of the tiger and this initiative relates well with our brand identity and Tiger Mascot. More importantly, it kickstarts our journey as a force for good for the environment, society, and community at large.

As an innovative FinTech company, there is more we can do beyond just finance. Being one of the leading online brokerage companies, our focus lies in creating a better shared future for everyone. Since our inception seven years ago, we have been actively seeking ways to support people's global investing strategies through cutting-edge technologies. Similarly, our collaboration with WWF-Singapore leverages technology to raise awareness and engagement on the importance of maintaining biodiversity and a balanced ecosystem.

We hope that the WWF-Singapore's AR-mazing Tiger Trail campaign, featuring exceptional art pieces, will inspire individuals to do the right thing and raise awareness to protect our ecosystem. Together, we can do more to reverse the decline of wildlife than we can alone. Let's immerse ourselves in the fascinating art world and empower more people to get involved in WWF-Singapore's conservation work."

"WWF-Singapore is thankful for the support from our esteemed partners such as Tiger Brokers, who have made the WWF-Singapore's AR-mazing Tiger Trail possible. We hope that individuals and businesses will learn from this artistic trail and be inspired to play a more active role in tackling the climate crisis and protecting our natural biodiversity," said Mr. R. Raghunathan, CEO of WWF-Singapore.

Putting on a Green Lens

Sustainability will continue to be a key agenda in Tiger Broker's long-term strategy. As a first step, Tiger Brokers Singapore, in line with MAS' Green FinTech agenda, will be applying a "Green Lens" on all its business operations.

Since its inception in 2014, the company has been focusing on reducing its carbon footprint and actively promoting green and sustainable development by using artificial intelligence to develop its internet platform and online financial applications, going paperless and using energy-saving infrastructure.

This has a significant impact given that Tiger Brokers as of the end of third quarter of 2021 has over 1.767 million account opening customers worldwide and over 612,000 deposit clients worldwide, all of which are conducted in a paperless way, eliminating the need for users to go to prepare physical documents and reducing carbon emissions because of not having to visit a physical office.

At the group level, Tiger Brokers will be expanding its Environmental, Social and Corporate Governance (ESG) research team, combining its own technology and business advantages around ESG, the company hopes to use its own strength to help support sustainable issues such as carbon neutrality transition.

Promoting Green Investment for the Future

Amidst growing awareness of ESG and understanding of the role investors play in supporting a shift towards sustainable development, Tiger Brokers aims to empower them to go beyond managing the ESG risks in their portfolios, to also create positive and measurable environmental impact from their investment activities.

Today, retail investors can easily access and invest in over 60 sustainable funds that are on Tiger Broker Singapore's platform. This includes widely traded funds such as United Smart Sustainable Singapore Bond Fund and Fidelity Sustainable Asia Equity Fund. The company also aims to increase the number of sustainable funds substantially by 2022 by working closely with its partners.

"Retail investors have increasingly been wanting to do their part for planet earth and make a positive difference by investing in companies with higher Environmental, Social and Governance (ESG) ratings and business practices," said Mr Eng.

Recent studies have shown that young investors (millennials and Gen X) are more likely to consider social responsibility alongside their other investment strategies. In a research conducted on ESG and Socially Responsible Investing (SRI), the majority of the financial advisors (69%) surveyed felt that SRI will play a larger role in their practices.

According to financial data provider Morningstar, investors globally poured $142.5 billion into sustainable funds in the fourth quarter of last year, 12 per cent up on the previous quarter. ESG assets may hit $53 trillion by 2025, a third of global AUM based on estimation from Bloomberg.

Tiger Brokers continues to support equity financing and serve the real economy. The company continues to support the development of green companies and help green companies raise funds and go public. In 2021, Tiger Brokers served as the underwriter for ATRenew Inc. and helped it get listed on the New York Stock Exchange. ATRenew Inc. became the "first ESG stock" in China, and its integrated low-carbon circular economy platform has been welcomed by many users in China.

"We are seeing a growing interest among investors investing in sustainable funds. Tiger Brokers Singapore will continue to evolve to become more lifestyle-centric, appealing to the young investors, and aligning with their interest in social responsibility and sustainability investing," added Mr Eng.

The Tiger Trade mobile application is available for download on the Apple App Store and Google Play Store.

For media enquiries, please contact:
PRecious Communications for Tiger Brokers (Singapore)
Email: [email protected]

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Any views shared with Prospective Clients ("Prospects") are suggestive in nature and on a sample basis only. This may also be predicated on assumptions that are made by Tiger Brokers (Singapore) Pte Ltd about the Prospects' investment objectives and risk profile. Our suggestive and sample views extended to Prospects are not to be considered as recommendations made by the Company. Suggestions provided are also based on information that may be shared by the Prospects, the accuracy and comprehensiveness of which Tiger Brokers in not in a position to verify.

About Tiger Brokers (Singapore)

Tiger Brokers (Singapore) Pte Ltd (herein "Tiger Brokers") may, to the extent permitted by law, participate or invest in other transactions with the issuer of the products referred to herein, perform services or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereof. The information herein is for recipient's information only and not an offer to sell or a solicitation to buy. Any date or price information is indicative only and may be changed without prior notice. All opinions expressed and facts referred to herein are subject to change without notice. The information herein was obtained and derived from sources that we believe are reliable, but while reasonable care has been taken to ensure that stated facts are accurate and opinions are fair and reasonable, Tiger Brokers does not represent that it is accurate or complete and it should not be relied upon as such. The information expressed herein is current and does not constitute an offer, recommendation or solicitation, nor does it constitute any prediction of likely future stock performance. Investment involves risk. The price of investment instruments can and do fluctuate, and any individual instrument may experience upward or downward movements, and under certain circumstances may even become valueless. Past performance is not a guarantee of future results. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any person or affiliated companies. Before making an investment decision, you should speak to a financial adviser to consider whether this information is appropriate to your needs, objectives and circumstances. Tiger Brokers assumes no fiduciary responsibility or liability for any consequences financial or otherwise arising from trading in securities if opinions and information in this document may be relied upon.

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comTiger Brokers (Singapore) Pte. Ltd. ("Tiger Brokers Singapore") today announced a partnership with World Wide Fund for Nature Singapore (WWF-Singapore) to promote green sustainability efforts in Singapore. Tiger Brokers, as the lead sponsor with WWF-Singapore, will be launching the first AR-mazing Tiger Trail at Gardens by the Bay on 26 February, to kickstart the company's sustainability agenda in 2022.

LUNA Spikes: Is It A Good Time To Buy?

LUNA is a blockchain used for launching algorithmic stable coins and is now among the top DeFi platforms when it comes to total value locked up in circulation. LUNA has been trending higher over the last few days, but it gained even more momentum over the previous 48 hours. By closing 40% greater, LUNA was among this past week’s biggest gainers. Related Reading | Bitcoin Surges to $40,000 After Breaking Key Resistance The news that Luna Foundation Guard (LFG) created a Bitcoin-denominated reserve has caused markets to react positively. This will act as an extra layer of stability and security for Terra USD, which is currently struggling with sharp fluctuations in prices due to its low liquidity status on exchanges. LFG has announced that it will be investing $1 billion towards building up its Bitcoin reserves. The best part about this news? All of LFs’ coins are locked for 4-years, which means they won’t be able to trade until after those periods. This increases investor confidence across multiple platforms, including LUNA, with demand rising accordingly. Because investors look for safe-haven assets during these uncertain times. The recent move by the US Treasury to create a Bitcoin reserve is being met with rave reviews from analysts and experts. As a result, this new development should lower price fluctuations for UST. The Mechanism  UST is a stablecoin fixed to the US dollar via an algorithm. Unlike other centralized cryptocurrencies, it isn’t backed by anything but Luuna (the company behind them). If prices fall off their peg and go lower than $1 per token, UST can be swapped for LUNA (which is minted). And can be sold for $1, providing arbitrage gains for investors. The opposite happens when demand increases; burning more luna means higher prices because there’ll be less overall supply coming into circulation. Terra’s introduction of a Bitcoin reserve could be seen as the next important step in reducing volatility within its ecosystem. This is because it reduces the correlation between UST and bitcoin.  This means that if traders want to swap out their coins for different assets, they will have plenty available with this new addition. Is It Worth Buying LUNA Now? LUNA’s price has been on an upward trend recently, and it was trading at $74.34 on February 26th, 2022. The coin increased13% in 24 hours. Related Reading | Cryptocurrency Prices Soar On Possibility Of Russia-Ukraine Talks LUNA is currently trading just below the $77.17 weekly support level, with a strong uptrend since February 24th. So keep an eye on this one – it might be time to buy more shares before they climb higher in future updates. If you’re looking to invest in crypto, buying volumes increase, and Luuna is a good bet. The altcoin has been pushing through recent resistance levels with ease. In fact, it could test prices above $90 before the end of February. With LUNA currently trading in a strong uptrend, the crypto is not too late to turn bearish. If this happens, investors should look out below $65 as support, which could signal an upcoming downtrend may be near. Featured image from Flickr, Chart from TradingView.com

How Crypto Can Help with Remittance Payments in Africa

It looks like cryptocurrency could really help with remittance payments and boost worker salaries in Africa. Study in Africa Shows the Power of Crypto A study was conducted in Nairobi, the capital of Kenya. In this nation – and several other nations of Africa – a new industry referred to as microwork has emerged over...

The post How Crypto Can Help with Remittance Payments in Africa appeared first on Live Bitcoin News.

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