Visit us at https://is.gd/RilhGc
Tag: subsidiary
Visit us at https://is.gd/jArvAK
Visit us at https://is.gd/HmMa64
Visit us at https://is.gd/pKJ5tI
PARIS, April 13, 2021 /PRNewswire/ — The French car manufacturer Hopium continues to imagine the future of mobility by integrating blockchain technology at the source of the development of its hydrogen vehicle, a first in the automotive industry.
Through UNA, its Californian subsidiary based in Silicon Beach, Hopium intends to harness emerging technologies to service both mankind and nature. The manufacturer aims to contribute to the decarbonization of the blockchain while serving the automotive sector through an encrypted ultra-secure and decentralized data system.
The philosophy of UNA Blockchain is to improve the balance between people, machines and the environment.
A team of developers and experts is currently working on the first phase of the technology which will integrate precise data about the ecological impact of vehicles, a personalized digital passport, ownership records to guarantee optimal security, and traceability throughout the supply chain.
While UNA will primarily be at the service of Hopium, its goal is to strengthen the blockchain ecosystem as a whole, provide appropriate answers to the great challenges of the sector, and help define automotive standards of tomorrow.
About UNA
UNA is a blockchain company founded in 2021 by the hydrogen car manufacturer Hopium.
Based in Venice Beach, California, UNA embodies the next era of automotive and is poised to take a leadership position within the industry.
With an emphasis on ethics and transparency, UNA, along with key partners such as IBM Hyperledger, is leveraging next generation technologies to build a blockchain ecosystem capable of exceeding expectations.
www.unablockchain.io
About Hopium
Founded by Olivier Lombard, the youngest winner of the 24 Hours of Le Mans, Hopium is the result of his experience as a professional racing driver.
Olivier Lombard, who carries in his blood an automobile legacy, has been driving hydrogen powered racing cars for 7 years, making him the world’s most experienced racer in this field.
The race was like an open-air laboratory which made it possible for Olivier Lombard and his team to reflect on new mobility solutions to meet contemporary environmental challenges. While the transport sector alone is responsible for 20% of greenhouse gas emissions, the company is positioning itself as a player in climate change.
Hopium brings together a team of leading partners and experts at the forefront of innovation in the hydrogen fuel cell, blockchain technology and automotive engineering sectors.
www.hopium.com
Photo – https://mma.prnewswire.com/media/1484604/Hopium_UNA_Blockchain.jpg
Logo – https://mma.prnewswire.com/media/1432668/Hopium_Logo.jpg
Contact :
Hopium
contact@hopium.com
SOURCE Hopium
Lambda 256, a subsidiary of Dunamu blockchain, announced on the 15th that it has attracted an investment of 10 billion won. The name of the company that made the investment is private. Lambda 256 achieved a cumulative investment of 17 billion won.
Lambda 256 is the operator of the blockchain service platform’Luniverse’, which was spun off from Dunamu in March 2019. Luniverse provides a cloud-based blockchain service platform to support the development and operation difficulties faced by companies that want to use blockchain.
Lambda 256 also launched the commercialization of Looneyverse, the development of a distributed identification (DID) service, and a point mileage integration service, despite the aftermath of the novel coronavirus infection (Corona 19) last year. As a result, it is showing rapid growth, securing 1,600 customers at present.
Lambda 256 plans to focus on expanding overseas, securing manpower, and developing additional services based on the accumulated investment. The company proposed a goal of speeding up the entry into the blockchain industry in Southeast Asia, including Indonesia and Thailand, starting with Singapore within this year.
In addition, the company plans to introduce a blockchain-based fintech service that can support the virtual asset business of e-commerce companies and financial sectors as interest in cryptocurrency transaction services in the recent market increases.
Park Jae-hyun, CEO of Lambda 256 said, “Based on this investment, we have laid the foundation for growth to a level that can compete with global service-type blockchain (BaaS) companies in terms of blockchain technology as well as scale. As a runner, we expect to be able to actively collaborate with various companies to make special changes to build the BaaS ecosystem.”
News1 It is written with contents provided through <�News Connect>.
TORONTO, Jan. 08, 2021 (GLOBE NEWSWIRE) — Routemaster Capital Inc. (the “Company” or “Routemaster”) (TSXV: RM, GR: RMJR) is pleased to announce it has set up an investment and trading subsidiary in Bermuda, DeFi Holdings (Bermuda) Ltd. It will immediately commence initial investments into a weighted portfolio of leading decentralized finance (“DeFi”) protocols for staking and trading purposes. The Company has also entered into an agreement with Neversink River Capital, LLC an innovative cryptocurrency manager led by asset management and technology veterans of Deutsche Bank and MIO Partners to advise and actively manage its portfolio.
Bermuda has welcomed a number of leading cryptocurrency and blockchain companies, enabling a friendly jurisdiction which has sought to work with industry to develop clear guidance around regulation. Bermuda has also emerged as a pioneer in tech, especially as it relates to blockchain-based developments. The Bermuda entity will allow for the Company to invest its resources into the various decentralized finance opportunities that present itself within a jurisdiction that has always favoured innovation.
“We chose Bermuda as a destination because it has been a leader in building a regulatory environment that encourages blockchain innovation and investment. Decentralized finance is the next wave of innovation happening on the blockchain, having government support and regulatory flexibility for innovation will be key to Routemaster’s trajectory,” said Olivier Roussy Newton, co-founder of DeFi Holdings and an advisor to Routemaster Capital. “We are also excited to be partnering with Neversink in parallel to initiating our Bermuda trading operations. One of our primary objectives is to invest in the most promising DeFi protocols that offer the best risk-adjusted returns to our shareholders. Neversink will help us scale the DeFi opportunity to manage the inherent complexities and protect downside corrections utilizing their suite of algorithms.”
Neversink River Capital was founded in 2019 with the objective of allowing its investors to capture the immense upside potential of cryptocurrency assets while protecting against the significant downside risks that remain in this innovative economy — the company was founded by Benjamin Hao and David Yoon. Ben is a Ph.D. in computer science and was previously Head of Asia at Deutsche Bank Alternative Trading and Global Head of Equity Quantitative Trading at Dresdner Kleinwort. Dave was formerly a Portfolio Manager at MIO Partners and a strategy consultant at McKinsey & Co., as well as a tech entrepreneur.
“We are truly excited about the opportunity to work with Routemaster and the team at DeFi Holdings. The explosive potential of cryptocurrencies is often hampered by the volatility that naturally comes with any nascent technology, however promising. By partnering with DeFi Holdings, we can enable the next wave of blockchain innovation and investment by significantly reducing the risk that often keeps capital from acting on the promise,” said Dave Yoon, co-founder of Neversink River Capital. “We are also delighted to partner with Routemaster to expand its essential trading capabilities in such a supportive environment as Bermuda.”
About Neversink River Capital, LLC:
Neversink River Capital, LLC is a California investment company that leverages proprietary machine-learning technology to significantly outperform the digital asset market. The company works with institutional investors, family offices and foundations, offering participation in the explosive upside of digital assets while managing downside risk. Neversink’s algorithms are designed with 30 years of experience in quantitative trading in equities and commodities and enhanced for the digital asset class.
About Routemaster Inc.:
Routemaster Capital Inc. is a Canadian investment company that carries on business with the objective of enhancing shareholder value.
For further information, please contact:
Daniyal Baizak
President and Chief Executive Officer
Tel: +1 (416) 861-1685
Cautionary note regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the establishment of an investment and trading subsidiary in Bermuda; the partnership with Neversink River Capital; and the potential investment opportunities being pursued by Routemaster. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
OCC, a subsidiary of the US Treasury Department: Allows the Federal Bank to use stable currency for settlement and issuance of stable currency
On January 5, the Office of the Comptroller of the Currency (OCC) issued an explanatory letter stating that the Commonwealth Bank and the Federal Reserve Association can use public blockchains and stablecoins for settlement.
Note: OCC is affiliated to the U.S. Department of the Treasury and is one of the five main regulatory agencies of the U.S. federal government. It is mainly responsible for issuing licenses and supervising federal banks.
OCC pointed out that as long as it complies with laws and good banking practices, “the Federal Bank or the Federal Reserve Association can verify, store, and record payment transactions by acting as nodes on the Independent Node Verification Network (INVN). Similarly, banks can use stablecoins to facilitate Customers verify payment transactions on the network at independent nodes, including the issuance of stable coins and the exchange of stable coins for legal tender.
The regulatory agency cited as an example that one entity (payer) may want to remit U.S. dollar payments to another entity (payee). The payer does not use a centralized payment system, but converts U.S. dollars into stable coins and transfers the stable coins to the payee through INVN. The recipient then converts the stable currency back to U.S. dollars. In a common use case in reality, payments are cross-border remittances. “
Decrypt pointed out that the OCC letter clearly shows that as financial intermediaries, banks face competition in accelerating capital flows. In OCC’s view, INVN, such as blockchain and other distributed ledger technologies, is an effective and rapid way to transfer funds.
In this regard, the stablecoin USDC issuer Circle Joint Creation Jeremy Allaire tweeted, “This is a huge victory for cryptocurrencies and stablecoins. Because according to the letter of explanation, banks can treat public chains as similar to SWIFT and ACH. It has the same financial infrastructure as FedWire and treats stablecoins (such as USDC) as electronic storage of value. This importance cannot be underestimated.”
“We are moving on the path of implementing all major economic activities on the chain. It is great to see the forward thinking support provided by the largest national banking regulator in the United States.”
- According to SBI Holdings, this acquisition will help it provide better crypto-related services.
- Through acquiring TaoTao, SBI Holdings now owns two crypto exchanges.
- Before this acquisition, TaoTao exchange backed out of negotiations with Binance.
SBI Holdings, Japan’s leading online financial group has acquired TaoTao crypto exchange. The conglomerate unveiled this news on October 7 through an official announcement, noting that it had purchased all of TaoTao’s shares, making the exchange its wholly-owned subsidiary. Per the publication, SBI Holdings acquired TaoTao through its Tokyo-headquartered subsidiary derivatives and foreign exchange arm dubbed SBI Liquidity Market Co.
In the announcement, SBI noted that acquiring TaoTao will help contribute to its expertise in providing enhanced crypto-related services.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
The group added,
“In the future, we will make maximum use of the management resources such as know-how and knowledge of the SBI Group as a comprehensive financial group and the customer base and service know-how of the crypto assets that TaoTao has cultivated so far, and the latest, safe and secure crypto assets.”
SBI’s growing interest in crypto
By acquiring TaoTao, SBI now owns two licensed crypto trading platforms. At the moment, the group is offering crypto trading services through its venture capital arm dubbed SBI VC Trade, which has been operational since its acquisition in July 2019.
Prior to this acquisition, SBI’s 2019 financial report unveiled that its securities’ trading revenue had surged 19.2% in the past year. The group accredited this rise to its crypto investment wing, which turned a £ 5.3 million loss to a £ 23.35 million profit in a year. The report allegedly analyzed the results of six months and revealed that SBI VC Trade witnessed significant growth as SBI Holding’s general revenue declined.
TaoTao’s failed negotiations with Binance
This news comes after a report on October 5 unveiled that Binance’s negotiations with TaoTao failed. Per the publication, TaoTao decided to end negotiations with the exchange after nine months of discussions. Reportedly, Binance had been discussing a partnership that involved building a joint crypto exchange in Japan with the TaoTao and Z Corporation, the daughter company of Z Holdings since January 17 this year. Allegedly, Binance considered this collaboration a gateway into the Japanese crypto market.
TaoTao did not provide details for terminating the negotiations. However, the exchange’s spokesperson noted that after considering a variety of possibilities, they could not agree on a strategy with Binance.
- The Zimbabwe Stock Exchange’s CEO recently announced that the ZSE subsidiary might list cryptos.
- Many are skeptical of the idea, as the real decision lies with the SECZ, and not the exchange.
- SECZ did not declare its stance on crypto, there is still a possibility that it might happen.
It took them more than 11 years, but cryptocurrencies are finally coming to stock exchanges. Only days ago, Gibraltar Stock Exchange announced the addition of a Bitcoin Fund by 3iQ Corp. After that, Venezuela announced the creation of a ‘decentralized stock exchange’ that will offer crypto and fiat alike.
Now, the Zimbabwe Stock Exchange (ZSE) aims to have its licensed subsidiary list Bitcoin as well as other coins.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
Zimbabwe Stock Exchange’s subsidiary is willing to list crypto
According to a recent report, Zimbabwe Stock Exchange will not list crypto itself, but its CEO, Justin Bgoni, revealed that its subsidiary will. The subsidiary, known as the Victoria Falls Stock Exchange, is open to listing a number of cryptos, if the regulators allow it.
At this time, there are no known details of what requirements crypto projects need to meet in order to have their tokens listed on the exchange. On top of that, Zimbabwe’s own crypto community is skeptical of the news, as it came from the stock exchange’s CEO, instead of the regulators. Lastly, it is possible that the ZSE executive simply doesn’t understand decentralized coins, how they work, and why they might not be allowed on the platform.
However, the willingness of the ZSE to have its subsidiary list Bitcoin and other coins is important news, as it shows interest from regulated institutions to go crypto.
Zimbabwe’s regulators have yet to reveal their stance
Despite the skepticism, the plan does have its supporters, such as Prosper Mwedzi, a financial services lawyer, who is also a crypto and blockchain enthusiast. He is optimistic about the entire idea, noting that exchanges fall under the Securities and Exchange Commission of Zimbabwe’s jurisdiction.
The country’s central bank was against crypto in 2018, but since then, some of its statements have shown that the bank may have reconsidered dealing with the industry.
However, the SECZ did not express their views on the crypto industry, neither supporting it, nor condemning it. In other words, Zimbabwe has yet to make its official stance on the crypto matter known, so there is a possibility that the plan may come to a realization.
WWW.BLOCKCAST.CC 