13.2 C
New York

Tag: Stellar

JPMorgan Backs Bitcoin to Rise 28%, Saying Cryptos are Preferred Alternative Asset

U.S.-based global investment bank JPMorgan disclosed on a note on Wednesday that the fair price of Bitcoin is 28% higher than its current level, implying "significant...

Top News

Vetter Announces the Release of Its dApp Tool – A New Way to Research New Crypto

NEW YORK, NY, Apr 26, 2022 - (ACN Newswire) - The crowdsourcing DAO Vetter.ai is proud to announce the release of its dApp...

Microsoft, Databricks and 10+ leading giants unleashed their Data Analytics solutions at BYTES 2022

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Singapore, Apr 22, 2022 - (ACN Newswire) - Amidst skyscraping digitization drives in Southeast Asia, its digital economy is projected to hit $1 trillion by 2030. With colossal volumes of data being generated every second, the region is breeding a multi-billion-dollar Big Data Analytics industry.

Taking cue from the above developments, all the while trying to support the Big Data Analytics organizations in the region, Tradepass hosted BYTES for the first time in ASEAN, virtually on 12 - 13 April 2022.

"While explaining the massive growth in data, Karthikeyan Rajasekharan (Senior Director, Data and AI Solution, Sales - APAC, Microsoft APAC) mentioned, "As we went through that journey, we recognized that we needed a modern data estate and we have moved from our value licensing days which had the smallest transaction between $400+ dollars to a place in the cloud where the smallest transaction is anywhere between $3 to $4, which means there has been sheer amount of growth in the data and now we need to think about how we have to modernize ourselves."

The 2-day virtual summit hosted 1000+ Big Data Analytics professionals from the leading public and private organizations across ASEAN which included the CDOs, CXOs, CIOs, CTOs, CMOs, Heads of IT, Data Scientists and many other senior profiles.

Chris D'Agostino, Global Field CTO, Databricks, spoke in great detail on transforming organizations by enabling data and AI at scale. During his presentation, he expressed, "When we did a survey in partnership with MIT Technology Review, we studied 351 companies around the globe, a third of which were here in APJ, and the number one regret that most data leaders had was that they didn't standardize using open standards. Instead, they chose proprietary capabilities and felt locked into a particular vendor or solution."

Microsoft, Databricks, Dataiku, Cloudera, Tech Data, BMC, Aerospike, H2O.ai, Vertica, Domo, Denodo, Snowflake and Fivetran were literally the face of the summit as they had their own exclusive virtual exhibition booth to showcase their cutting-edge solutions. Some of them even gave insightful sessions during the conference on the most pressing topics which included 'Data Stewardship', 'How To Formulate and Implement a Winning AI Strategy', 'Hybrid Data Cloud', "From AI Experimentation to AI Monetization', 'Accelerating Data-Driven Outcomes with DataOps & Cloud' and many more.

While enlightening the delegates on Hybrid Data Cloud, Carlos Zorzin (Senior Partner Sales Engineer, Cloudera) commented, "89% of IT-decision makers believe a hybrid cloud environment is the optimal choice to easily and securely store and move data as well as manage workloads. In order to achieve that, companies need a data platform that lets them easily move data and workloads from private clouds, to public clouds, and even to the edge - with scale. That's Hybrid Data Cloud."

When asked about the response from the delegates, Sudhir Jena, the organizer and CEO of Tradepass said, "Bytes 2022 - ASEAN delighted the 1000+ delegates with the top-line of solution providers and experts from the public & private domain and the delegates had very insightful interactions including Q&As with the experts. The delegates also got a chance to explore the latest solutions from the stellar organizations at the summit and collaborate with them to leapfrog their competitors."

About Tradepass

Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.

As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.

For more information about the summit, log on to: https://asean.bytessummit.com/

Media contact:
Shrinkhal Sharad
PR & Communication Executive
shrinkhals@tradepassglobal.com
+ (91) 80 6166 4401
Tradepass

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAmidst skyscraping digitization drives in Southeast Asia, its digital economy is projected to hit $1 trillion by 2030. With colossal volumes of data being generated every second, the region is breeding a multi-billion-dollar Big Data Analytics industry.

Electronics Manufacturing Solutions Provider Cnergenz Berhad Enlists UOB Kay Hian Securities as Underwriter for Its Listing Exercise

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

KUALA LUMPUR, Apr 4, 2022 - (ACN Newswire) - Cnergenz Berhad (CNERGENZ), an electronics manufacturing solutions provider based in Penang, specialising in surface mount technology (SMT) catering to the electronics and semiconductor industries (E&S Industries), is pleased to announce that the Company has entered into an underwriting agreement with UOB Kay Hian Securities (M) Sdn Bhd (UOB Kay Hian) today for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Securities).

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption
UOB Kay Hian Securities Sdn. Bhd Chief Executive Officer Mr. David Lim; Cnergenz Berhad Chief Executive Officer Mr. Lye Yhin Choy [L-R]

The Company had obtained approval to list on the ACE Market of Bursa Securities and is targeting to launch its Prospectus in April 2022.

The IPO exercise involves the public issue of 100.0 million issue shares and an offer for sale of 50.0 million offer shares by way of private placement.

From the public issue, 25.0 million issue shares will be made available for application to the Malaysian public, 10.0 million shares will be allocated for application by eligible directors and employees as well as persons who have contributed to the success of Cnergenz Group ("Group") ("Eligible Persons"), 52.75 million shares will be reserved for private placement to identified investors and 12.25 million shares will be reserved for private placement to identified Bumiputera investors approved by the Ministry of International Trade and Industry ("MITI").

UOB Kay Hian will underwrite an aggregate of 35.0 million issue shares, comprising 25.0 million shares under the public issue and 10.0 million shares allocated to Eligible Persons as part of the underwriting agreement.

Chief Executive Officer of Cnergenz, Mr. Lye Yhin Choy, said, "This listing will enable us to strengthen our name as a leading electronics manufacturing solutions provider in Malaysia whilst deepening our presence in Thailand and Vietnam, countries which are benefitting from strong investment flows into the E&S Industries."

Chief Executive Officer of UOB Kay Hian, Mr. David Lim said, "UOB Kay Hian is pleased to be working with Cnergenz on its IPO exercise. The Company has a stellar track record and experience in the E&S Industries that dates back to 2004. We are happy to work with Cnergenz in achieving its listing goals."

Cnergenz collaborates closely with its network of over 50 suppliers to offer quality solutions for their customers, building a strong network and contributing to Cnergenz' business development and growth.

Cnergenz caters to domestic and international customers across Malaysia, Vietnam and Thailand. Cnergenz has a customer base of over 100 local and multinational companies operating within the E&S Industries, comprising integrated design manufacturers (IDMs), outsourced semiconductor assembly and test service providers (OSATs) and electronics manufacturing service providers (EMSs), some of which have been customers of Cnergenz for over 15 years.

Cnergenz Bhd: https://cnergenz.com
Cnergenz Bhd: [BURSA: CNERGENZ]

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comCNERGENZ Berhad is pleased to announce that the Company has entered into an underwriting agreement with UOB Kay Hian Securities (M) Sdn. Bhd. ("UOB Kay Hian") today for its upcoming initial public offering ("IPO") on the ACE Market of Bursa Malaysia Securities Berhad ("Bursa Securities").

The Place Holdings and Stellar Lifestyle to Collaborate on Various Digital Initiatives to Shape the Future of Digital Media and Tap New Opportunities in...

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Singapore, Mar 31, 2022 - (ACN Newswire) - SGX mainboard-listed company, The Place Holdings Limited ("The Place Holdings", the "Company" and together with its subsidiaries, the "Group"), is pleased to announce that it has entered into a non-binding Memorandum of Understanding ("MOU") with Stellar Lifestyle Pte. Ltd. ("Stellar Lifestyle"), a business arm of SMRT Corporation Ltd., to jointly collaborate to shape the future of digital media and tap new opportunities in the digital economy.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption
From left to right: Mr. Fan Xianyong, CEO of The Place Holdings, Mr Ji Zenghe, Executive Chairman of the Place Holdings, Mr. Seah Moon Ming, Chairman of SMRT Corporation Ltd, Mr. Tony Heng, President of Stellar Lifestyle

Creating vibrant transit destinations through continuous innovation and a desire to make our everyday touchpoints better, Stellar Lifestyle is the largest managing agent of retail and advertising spaces in Singapore's rail network.

Notably, both The Place Holdings and Stellar Lifestyle aim to build Singapore's first Sky Screen, a suspended video screen that will be an enhanced version of Beijing's iconic attraction, ("Shimao Tianjie Sky Screen").

As a high-tech visual extravaganza, the Sky Screen is envisaged as a new attraction in Singapore that will be integrated with smart digital technology system and immersive media, boosting new business vibrancy and creating new possibilities in digital media solutions.

Shimao Tianjie Sky Screen is located at No. 9 Guanghua Road, Chaoyang District, Beijing, the heart of Beijing's Central Business District (CBD) and it is one of the largest sky screens in Asia with 7,500 sqm of LED lights across a space of 250m long and 30m wide, offering a spectacular light show experience with high-resolution imagery and state-of-the-art, immersive sound systems as well as technological features that enable interactivity.

Pioneering new experiential marketing experiences, Shimao Tianjie Sky Screen has established a strong brand and continues to be a popular venue and platform for various events, advertisements and media.

The Group recently announced a separate MOU to undertake two acquisitions that includes the licensing of the Intellectual Property Rights for the use in the operation and management of Shimao Tianjie Sky Screen and the acquisition of certain assets and businesses relating to Shimao Tianjie Sky Screen. More information on Shimao Tianjie Sky Screen can be accessed at www.theplacebeijing.com.

Mr. Seah Moon Ming, Chairman of SMRT Corporation Ltd, said, "The Place Holdings has an impressive business track record of more than 30 years in developing market-leading media, tourism, and real estate businesses.

As a financial, aviation and technology hub, Singapore is one of the most connected countries in the world. It is a good springboard for The Place Holdings and Stellar Lifestyle to showcase the convergence of 5G, new technologies and media concepts to bring greater value to businesses and consumers.

This MOU signifies our desire to jointly develop experiential solutions through leading-edge technology for smart commuter-station connections. We are confident that this would pave the way for greater business success together."

Mr. Ji Zenghe, Executive Chairman of The Place Holdings, said, "Innovative visual experiences and new digital media technology continue to play a pivotal role in boosting mindshare among consumers as our physical and digital worlds come closer together.

As Singapore's largest managing agent of retail and advertising spaces in Singapore's rail network, Stellar Lifestyle has created a thriving ecosystem that includes F&B, shopping and digital solutions.

Through this strategic collaboration, we aim to combine our unique complementary strengths in enhancing smart commuting and creating innovative digital media solutions within this ecosystem.

This is an important milestone for the Group as we deepen our business roots in Singapore and create new value propositions with our capabilities in immersive media and digital technologies."

Mr. Ji added, "With the Sky Screen's visual extravaganza and technology features, we aim to contribute to the vibrancy and diversity of Singapore's retail and tourism landscape by creating unique and engaging experiences.

Together with Stellar Lifestyle's extensive touchpoints across Singapore, there are significant opportunities to continuously improve our service offerings and experience to targeted audiences and to redefine the future of digital media solutions."

This document is to be read in conjunction with The Place Holdings' exchange filings on 31 March 2022, which can be downloaded via www.sgx.com.

About The Place Holdings Limited
(SGX Code: E27)

Listed on the Mainboard of the Singapore Exchange, The Place Holdings Limited ("The Place Holdings", the "Company" and together with its subsidiaries, the "Group"), focuses on integrating traditional businesses with omni-channel strategies and digital solutions (such as "new-retail" solutions, last mile logistics, immersive virtual reality technology, enterprise intelligent connectivity) to harness new growth opportunities in the digital economy.

The Group has established a strong business platform to create new value propositions within its 3 core business pillars:

1. Property development and property management activities
2. Cultural tourism and related "new retail" businesses
3. Integrated media-related businesses with management & operation rights

The Group is backed by the key management team of The Place Investment Group, a multi-billion PRC conglomerate that has a strong track record for its extensive business portfolio in tourism, media, property management, biomedical technology investments and international trade.

Embolden with a new business approach and forward-looking corporate culture, The Place Holdings is expanding our business presence of profitable businesses with high growth potential in Singapore and China through organic and inorganic initiatives.

For additional information, please visit www.theplaceholdings.com

About Stellar Lifestyle

Transit Retail & Advertising Solutions

Stellar Lifestyle, a business arm of SMRT Corporation Limited, has expertise in property and retail management, media and digital advertising solutions. We create vibrant transit destinations and lifestyle experiences to make our everyday touchpoints better. Our growing portfolio includes mall management and outdoor media & digital engagement platforms. We are also the largest managing agent of retail and advertising spaces in Singapore's rail network.

Issued on behalf of The Place Holdings Limited and Stellar Lifestyle by 8PR Asia Pte Ltd.

For further information, please contact the following:

Mr. Zhang Wei
Chief Strategy Officer
The Place Holdings Limited
Tel: (65) 6781 8156
Fax: (65) 6781 8159
Email: zhangwei@theplaceholdings.com

SMRT Corporate Communications
Tel: (65) 9822 0902
Email: media@smrt.com.sg

Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe Place Holdings Limited, is pleased to announce that it has entered into a non-binding Memorandum of Understanding with Stellar Lifestyle Pte. Ltd., a business arm of SMRT Corporation Ltd., to jointly collaborate to shape the future of digital media and tap new opportunities in the digital economy.

Portsmouth Becomes Latest City To Adopt Cryptocurrency Payments But There’s A Catch

Portsmouth Becomes Latest City To Adopt Cryptocurrency Payments But There’s A Catch
Cryptocurrencies are enjoying the spotlight with more cities joining the train. The city of Portsmouth has seized the bull by the horn with the monumental announcement of allowing crypto payments for bills.

Portsmouth Becomes Latest City To Adopt Cryptocurrency Payments But There’s A Catch

Portsmouth Becomes Latest City To Adopt Cryptocurrency Payments But There’s A Catch
Cryptocurrencies are enjoying the spotlight with more cities joining the train. The city of Portsmouth has seized the bull by the horn with the monumental announcement of allowing crypto payments for bills.
Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Grayscale Launches Fund Consisting of Cardano (ADA), Solana (SOL), Polkadot (DOT) and Four Additional Altcoins

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Investment giant Grayscale is launching the Smart Contract Platform Ex-Ethereum Fund (GSCPxE) to give investors exposure to leading smart contract platforms. According to a new announcement, the new investment product tracks the CoinDesk Smart Contract Platform Select Ex ETH Index, measuring the market capitalization-weighted performance of all leading smart contract coins excluding Ethereum (ETH). The […]

The post Grayscale Launches Fund Consisting of Cardano (ADA), Solana (SOL), Polkadot (DOT) and Four Additional Altcoins appeared first on The Daily Hodl.

Society Pass (SoPa) Reports Full Year 2021 Financial Results, Sees 891% Year on Year Revenue Growth

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

SINGAPORE, Mar 24, 2022 - (ACN Newswire) - Society Pass Incorporated (SoPa) (Nasdaq: "SOPA"), a leading Southeast Asia loyalty and ecommerce ecosystem, reported its financial results for its fiscal year ending 31 December 2021.

The Company's total revenues increased over eight hundred and ninety percent year on year mainly as a result of the relaunch of its Leflair lifestyle e-commerce business in September 2021. "2021 has been a strong year for SoPa in spite of the impact from the Delta and Omicron variants. Despite only operating in only the last four months of 2021, Leflair recognized monthly double digit revenue growth in the fourth quarter. With the region rapidly pivoting to recovery, we expected to see robust eCommerce growth in both transaction volume and basket size. SoPa's healthy pipeline and strategy for acquiring rapidly growing eCommerce platforms will allow us to capture that exciting growth. We expect 2022 to be a stellar year for SoPa as we continue to build out our next generation loyalty platform and acquire more leading e-commerce companies in SEA", said Dennis Nguyen, Founder, Chairman and CEO of Society Pass.

Key Highlights:
- Total revenue grew by 891% primarily attributed to the acquisition of the Leflair lifestyle platform
- The Company is well capitalized to rollout its business plan with cash on hand growing over 4,400% to $23.2 million, primarily due to the completion of its Nasdaq listing IPO in November 2021 (SoPa also completed a $11.5 million (gross proceeds) follow-on public offering in February of 2022)
- Since its inception, Society Pass has acquired 4 eCommerce businesses in Southeast Asia namely; #HOTTAB, Leflair, and Handycart in Vietnam, as well as Pushkart in Philippines

In 2022, SoPa expects further growth as the SEA countries shift to focus on economic recovery. The Company also expects to launch of Society Points in Q2 2022, which it expects to increase profit margins and drive customer retention for merchants. In addition, SoPa plans to make additional acquisitions in 2022 that will generate additional revenue synergies and create cost efficiencies as part of the expanding SoPa ecosystem.

About Society Pass

Society Pass is a loyalty and data marketing ecosystem that operates multiple e-commerce and lifestyle platforms across its key markets. Its business model focuses on collecting user data through the expected circulation of its universal loyalty points. It seamlessly connects consumers and merchants across multiple product and service categories fostering organic loyalty. Since its inception, SoPa has amassed over 1.6 million registered consumers and over 5,500 registered merchants/brands on its platform. It has invested 2+ years building proprietary IT architecture with cutting edge components to effectively scale and support its Platform's consumers, merchants, and acquisitions.

Society Pass provides merchants with #HOTTAB Biz - a convenient order management app for business partners on SoPa.asia, and #HOTTAB POS - a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user profile analytics, and convenient financial support packages for small and medium-sized enterprises.

In addition, SoPa operates Leflair.com, Vietnam's leading lifestyle e-commerce platform, Pushkart.ph, a popular grocery delivery company in Philippines, and Handycart.vn, a leading online restaurant delivery service based in Hanoi, Vietnam. For more information, please check out: http://thesocietypass.com/

Media contact
PRecious Communications for SoPa
sopa@preciouscomms.com

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comSociety Pass Incorporated (SoPa) (Nasdaq: "SOPA"), a leading Southeast Asia loyalty and ecommerce ecosystem, reported its financial results for its fiscal year ending 31 December 2021.

XLM Technical Analysis: Bullish Recovery Plans a 20% jump

XLM Technical Analysis: Retracement to Support Trendline Hints a Fallout

XLM coin price shows a rising trend momentum with the 50-day breakout, which may shortly reach the $0.070 mark with the 100-day EMA breakout. Key technical points: XLM coin price approaches the $0.050 mark. In addition, it breaks above the 50-day EMA. Finally, the 24-hour trading volume of Stellar is $83 Million, marking a 27.49% rise.  Past Performance of XLM The XLM coin price shows a phenomenal bullish recovery from the $0.035 mark resulting in the 50-day EMA. The recovery shows an increased bullish momentum evident by the jump in trading volume and the % long engulfing candle. Hence, the breakout of the long-coming dynamic resistance by the 50-day EMA marks a bullish milestone.  Source-Tradingview XLM Technical Analysis  XLM coin price jump comes after a short consolidation at the $0.035 mark which created a bottom for the upcoming reversal. The range breakout unleashes the trapped bullish momentum and projects an uptrend possibility to $0.070.  The crucial EMAs (50, 100, and 200) project a bearish alignment, but the 50-day EMA breakout results in a price jump closer to the 100-day EMA. Furthermore, the price may outperform the 100-day EMA as the buying pressure grows.  RSI Indicator: The RSI slope reverses the long-coming uptrend with the slope touching the overbought boundary. Furthermore, the 14-day SMA mimics the uptrend and crosses above 50%. MACD Indicator: The MACD and signal lines project an uptrend with minimum bullish spread as they approach the zero level. In a nutshell, the XLM technical analysis gives a solid bullish signal with the breakout possibility of the 100-day EMA. Upcoming Trend  The XLM coin price action projects a boom in buying pressure with the 50-day EMA that may shortly result in an upside rally if the prices close above the 100-day EMA. Hence, an upside potential of 20% if the buyers maintain trend control. However, a downside possibility is the 50-day EMA fallout resulting in the fall to the $0.040 mark. Support Levels: $0.045 and $0.040 Resistance Levels: $0.060 and $0.070

The post XLM Technical Analysis: Bullish Recovery Plans a 20% jump appeared first on Cryptoknowmics-Crypto News and Media Platform.

Ukraine CBDC Is Progressing During Wartime: Stellar CEO

Coinsmart. Europe's Best Bitcoin and Crypto Exchange. Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. FREE ACCESS. CryptoHawk. Altcoin Radar. Free Trial. Source: https://cryptobriefing.com/ukraine-cbdc-is-progressing-during-wartime-stellar-ceo/?utm_source=main_feed&utm_medium=rss

Invictus Margin Lending – Stable Returns in Turbulent Times

Over the past month, the price of commodities including oil, food and metals has skyrocketed. Knock-on effects of high commodity prices are well-known, including inflated manufacturing costs, and slowing economic growth. The unique phenomenon of inflated prices coupled with slowing economic growth is known as stagflation — and economists are sounding the warning bells.  Stagflation […]

Read full post Invictus Margin Lending – Stable Returns in Turbulent Times on Chaintimes.com.

Blockchain platform SIMBA Chain teams with Polygon to enhance Web3 biz dev

SIMBA Chain, a chain-agnostic API development platform, today has announced that it will integrate with Polygon, the popular platform for Ethereum scaling and infrastructure development, in efforts to further enhance Web3 adoption and development. To date, SIMBA Chain and Polygon have independently served as technology platforms enabling scalable blockchain connectivity among centralized and decentralized entities. […]

The post Blockchain platform SIMBA Chain teams with Polygon to enhance Web3 biz dev appeared first on CryptoNinjas.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Recent articles

spot_img