Fintech News https://www.fintechnews.org/ And Techs news of your sector Mon, 29 May 2023 01:05:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.3 How I preserve my wealth with Bitcoin https://www.fintechnews.org/how-i-preserve-my-wealth-with-bitcoin/ https://www.fintechnews.org/how-i-preserve-my-wealth-with-bitcoin/#respond Mon, 29 May 2023 05:05:44 +0000 https://www.fintechnews.org/?p=30006 “I will explain why I allocate a share of my wealth to bitcoin and how I see it as ideal for preserving the value of my net worth.” By Konstantin Rabin   Good ol’ bitcoin, the granddaddy of cryptocurrency, is increasingly being used as a reliable store of value for those looking to move away […]

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“I will explain why I allocate a share of my wealth to bitcoin and how I see it as ideal for preserving the value of my net worth.”

Good ol’ bitcoin, the granddaddy of cryptocurrency, is increasingly being used as a reliable store of value for those looking to move away from the more established asset classes as it is continually proving itself as a solid hedge against inflation.
In fact, this is something I have been doing for some time now and, in this article, I will explain why I allocate a share of my wealth to bitcoin and how I see it as ideal for preserving the value of my net worth.

Why Allocate A Share Of Your Wealth To Bitcoin?

Despite the volatility and fear-mongering that is prevalently posterized when talking about bitcoin as a revolutionary investment vehicle, there is plenty to be said about why it is a valid contender in this market. It should be noted that no investor worth their salt would tell you to put your life savings into crypto, but there is plenty of upside potential for those looking to make long-term returns or preserve a portion of their wealth this way.
Let me just mention a few of these advantages that make this investment in bitcoin worth looking more deeply into:
  • Alternative store of value: Bitcoin is as good as it gets when looking for a store of value outside of third-party manipulation. Being decentralized means that it circumvents many of the red-tape aspects and fees that come with leaving your money in the hands of financial institutions. As a result, it is not subject to the same inflationary pressures that are so prevalent with companies operating in the government-controlled fiat currency system.
  • Potential for long-term growth: There is no doubt that bitcoin’s value is extremely volatile in the short term, but its long-term trend has historically been a fairly bullish affair. The idea of HODLing comes into play here, as you will really only be able to see the true value of your investment when ignoring the spikes and holding on for dear life.
  • Diversification: As I said before, investing in bitcoin does not mean that you dump all of your hard-earned eggs into the chaotic basket that is crypto, but you can provide some much-needed, future-oriented diversification for your investment portfolio. As bitcoin’s price is increasingly uncorrelated to those of traditional assets, such as stocks and bonds, adding some of these digital coins to your portfolio can help spread out the overall risks that your investments might face from the old guard. In fact, what we have seen over the past few years is that bitcoin has become a new sort of semi-safe-haven asset class which many investors flock to the moment that old-school investment vehicles and fiat currencies come under pressure.
  • Accessibility: This goes down two lanes. On the one side, investing in bitcoin is becoming easier to do, with many platforms and exchanges now offering a simple and secure way to buy and hold your BTC; while at the same time, it has never been easier to liquidate this asset and get fiat cash in hand when the need arises. This scores a massive point over the stock, bond or real estate markets, which are forever plagued by liquidity issues; especially in times of large-scale financial instability.
In the long run, spending a share of your income on BTC is unlikely to make you poor. On the flip side, not allocating anything to BTC might ruin your prosperity, especially in these uncertain times when banks can go bust without warning, inflation seems to be ever on the rise and several countries witness their fiat currencies turn into toilet paper.

Why I Don’t Buy Or Mine BTC

In the pursuit of acquiring bitcoin, there are always the obvious channels of hitting up some form of cryptocurrency exchange or peer-to-peer marketplace and just exchanging fiat for BTC. While there is nothing wrong with this approach, and it might be the easiest and perhaps the only option for many people out there, it is, in my humble opinion, not the best way to get your coins for wealth preservation.
You could instead go the route of the miner and spend a large fortune on buying all the equipment needed to try and get some BTC that way, but in this day and age with the average mining cost per coin being over $30,000 in many countries, it is more likely that you will end up with zilch long before you ever mine your first coin.
So, what would I suggest? Earn it.
Sure, not everyone can convince their boss to pay them in bitcoin, but these days, many people have a side hustle that can easily be employed in generating some digital dosh. Five years ago, offering your clients the ability to pay in crypto for your services was a nonexistent concept, but today, it is a no-brainer. Right now, a large number of my clients, especially those operating in the online world, are really into paying for services via crypto. While most of them like to use stablecoins such as USDT, you can easily flip these over to BTC and keep padding your Bitcoin wallet.
One more notable online activity that I partake in to stack some BTC is for the over-18-year-olds only. No, I don’t mean OnlyFans. I do some work in and around the gambling industry and also enjoy a bit of a gamble myself from time to time, but I solely gamble for BTC.
Bitcoin betting sites have been gaining traction lately, thanks to their ability to protect privacy, offer deals (e.g., bonuses, commissions, etc.) and general improvements over the annoying bureaucracy inherent in fiat betting sites. Obviously, I don’t recommend gambling to anyone, but this is something I enjoy occasionally, such as when my favorite UFC fighter jumps into the octagon, as it adds a bit of excitement while watching the fights, and obviously, the winnings are added to my wealth-preservation BTC fund.

My BTC Wealth Preservation Strategy

You might be wondering why I am hammering on bitcoin and not paying much heed to the rest of the crypto pack. Frankly, as most of the top tokens are following the bitcoin price like a donkey chasing a carrot, I don’t typically diversify things or allocate a share of my crypto investments into other major coins and tokens. Don’t get me wrong, I believe that some of the cryptocurrencies out there are useful, but, as bitcoin is what determines the value of many of the top dogs on the list, sticking with BTC as my investment coin just makes sense. (For those keen on diversifying into other crypto projects, I do have one bit of advice; stay away from meme and shitcoins.)
Now, let’s get down to business. Here is my advice for preserving wealth via bitcoin based on my own strategy:
  • Plan: Whether you are investing with fiat currencies that you get from working a day job or getting paid directly in crypto via your own projects, make sure to have a well-defined goal. Set certain annual or even quarterly amounts that you would like to reach and try your best to make it happen.
  • Don’t panic: Always work on increasing your BTC holdings and be ready to HODL until kingdom comes. Don’t pay much attention to the fiat value and don’t panic sell just because you see some of those crazy price swings that bitcoin is so famous for. It is all good and well to compare exchanges and cryptocurrencies, but do not sit there stressing about where the price of BTC is sitting. Short-term dips are bound to come and go, but if you believe in BTC as much as I do, then you can rest assured that your wealth is being preserved. Keep in mind that there are only 21M BTC available, ever. As this is a finite supply and the world’s population is close to eight billion, with more people being added every day, the value of this asset is sure to increase over time as more governments and people take hold of this new shift in finance. If and when fiat finally goes completely bust and bitcoin takes over as the major currency, an average BTC per capita in the world is going to be around 0.0025, and you most certainly want to be in the top 5% of those holding it.
  • Keep it secure: Bitcoin is digital, and hackers are always on the lookout for those who are not keeping a watchful eye on their money. So, to preserve my wealth safely, I keep all of my bitcoin holdings in hardware wallets stashed in a safe place. There are plenty of good exchanges and hot wallets to choose from, but if you are serious about preserving your wealth, keep it cold, keep it offline.

Why You Shouldn’t Wait To Diversify

Allocating a portion of your wealth to bitcoin can be an effective way to preserve it, and even grow it, but as the saying goes, “the best time to start is yesterday, the second best time is now.”
Don’t wait for BTC to hit $50,000 before you suddenly wake up and start buying in. Set up a plan today and start diversifying your portfolio in this future-proof asset class, so you know your wealth is safe, no matter how bad your government might be.

 

Link: https://bitcoinmagazine.com/culture/how-i-preserve-my-wealth-with-bitcoin

Source: https://bitcoinmagazine.com

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500 Global and Sanabil Investments announce Batch 5 of the Sanabil 500 MENA Seed Accelerator Program https://www.fintechnews.org/500-global-and-sanabil-investments-announce-batch-5-of-the-sanabil-500-mena-seed-accelerator-program/ Mon, 29 May 2023 01:05:51 +0000 https://www.fintechnews.org/500-global-and-sanabil-investments-announce-batch-5-of-the-sanabil-500-mena-seed-accelerator-program/ 14 companies will present live at Demo Day on June 14th, 2023 at The Four Seasons Hotel in Riyadh RIYADH, Saudi Arabia–(BUSINESS WIRE)–500 Global, a leading multi-stage venture capital firm, and Sanabil Investments, a financial investment company focused on global private investments in venture capital, growth, and small buyouts, today unveiled the 14 startups in […]

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14 companies will present live at Demo Day on June 14th, 2023 at The Four Seasons Hotel in Riyadh

RIYADH, Saudi Arabia–(BUSINESS WIRE)–500 Global, a leading multi-stage venture capital firm, and Sanabil Investments, a financial investment company focused on global private investments in venture capital, growth, and small buyouts, today unveiled the 14 startups in Batch 5 of the Sanabil 500 MENA Seed Accelerator Program 2023.

The final set of companies that have been chosen are focused on developing solutions within a diverse range of sectors, including Fintech, Foodtech, SaaS, ML & Software, E-Commerce, and Proptech. Applicants come from the Middle East & North Africa, with Saudi Arabia, UAE, and Egypt as the top three countries. The 14 companies chosen were selected out of more than 610 applicants from MENA – making it one of the most competitive Batches since the inception of the Program.

The Sanabil 500 MENA Seed Accelerator Program provides pre-seed and seed-stage startups across the Middle East and North Africa with the foundation they need to validate and scale their business regionally and globally. More than 50 companies have already graduated from the program.

“We have been closely working with Batch 5 founders since March 2023 to help them pave their way to success. They join the 54 companies that have already graduated from the Sanabil 500 MENA Seed Accelerator Program since our launch back in early 2021. Despite global economic headwinds, we continue to strongly believe in the potential of the Saudi and MENA startup ecosystem,” said Amal Dokhan, General Partner at 500 Global MENA.

“We continue to see growing interest in the Sanabil 500 MENA Seed Accelerator Program as a new generation of entrepreneurs looks to develop their ideas and scale their businesses for success here and abroad. We’re attracting and enabling the brightest minds and best technologies that are improving the lives of people around the world, fortifying the economy and making the world a better place for all. We can’t wait to show the region and the world this next wave of innovators, thinkers, and builders,” said a Sanabil spokesperson.

The 12-week program offers founders one-on-one mentorship with a focus on business strategy development, fundraising and growth. It culminates on June 14, 2023 with Demo Day at The Four Seasons Hotel in Riyadh, in front of a live audience of key stakeholders, including accredited investors, corporates, and industry professionals. The event will also be livestreamed to a general audience on YouTube.

The following is the list of Batch 5 companies that have made it through to the final round:

Barakah (Saudi Arabia): Online marketplace for food retailers to sell their surplus products and meals.

Blassa (Tunisia): Optimizes the collection of user delivery information to help eCommerce players eliminate delivery failures and increase conversion rates.

byanat (Oman): Offers a SaaS analytics platform for telcos and utilities to scale and maintain their connected infrastructure.

CADO (UAE): Marketing tool for corporates to send custom gifts to their employees and clients, while being able to measure ROI.

Dillx (Egypt): Automates investment due diligence to mitigate risk and maximize returns.

Fintesa (Jordan): SaaS platform that allows any business to compliantly collect payments in over 200 countries for their products and services in just 10 minutes.

Konn (Jordan): SaaS platform that enables real estate developers to build fully customized homes.

LISAN (Saudi Arabia): AI-writing assistant that detects errors, understands and generates high quality content in Arabic.

LivLyt (UAE): Tech subscriptions platform that helps businesses to select and manage devices and software for their teams.

LNKO (Morocco): D2C eyewear offering affordably priced trendy eyewear by digitizing the optical value chain.

NoBueno (UAE): A talent matching platform that perfectly pairs the right companies with the right candidates.

Qardy (Egypt): A lending marketplace in MENA for Financial Institutions to fund Micro, Small & Medium Enterprises.

Sadq (Saudi Arabia): Enables individuals and businesses to execute and verify documents online to make them legally binding in seconds.

Taskheer (Saudi Arabia): An online platform that facilitates ROSCA deals and guarantees timely payments.

About 500 Global

500 Global is a multi-stage venture capital firm with $2.7B in assets under management that invests in founders building fast-growing technology companies. We focus on markets where technology, innovation, and capital can unlock long-term value and drive economic growth. We work closely with key stakeholders and advise governments on how best to support entrepreneurial ecosystems so startups can thrive. 500 Global has backed over 5,000 founders representing more than 2,800 companies operating in 80+ countries. We have invested in more than 50 companies valued at over $1 billion and 150+ companies valued at over $100 million (including private, public, and exited companies). Our 190+ team members are located in 28 countries and bring experience as entrepreneurs, investors, and operators from some of the world’s leading technology companies.

About Sanabil Investments

Sanabil is a financial investment company that commits approximately $2 billion in capital per annum into private investments that include venture capital, growth, and small buyouts. Since our 2009 inception with $8 billion in paid-up capital, we have seen firsthand how bold ideas can disrupt traditional business models; ideas that enable new and improved ways of producing, consuming, and experiencing things. We choose to partner with the architects of these ideas. We are a dynamic, nimble, and highly experienced team of investment professionals that provides partners with patient capital, the ability to invest across multiple funding rounds, and access to the GCC investment ecosystem. At Sanabil, we identify, invest in, and transform groundbreaking ideas into tangible realities.

Contacts

Media contact
Media Inquiries

press@500.co

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Phenom Named Strategic Leader in Fosway’s 9-Grid™ for Talent Acquisition 2023 for Third Consecutive Year https://www.fintechnews.org/phenom-named-strategic-leader-in-fosways-9-grid-for-talent-acquisition-2023-for-third-consecutive-year/ Mon, 29 May 2023 01:04:46 +0000 https://www.fintechnews.org/phenom-named-strategic-leader-in-fosways-9-grid-for-talent-acquisition-2023-for-third-consecutive-year/ Reaffirms Phenom and its Intelligent Talent Experience platform’s consistent ability to serve EMEA’s largest companies’ complex talent demands LONDON–(BUSINESS WIRE)–#HRTech—Phenom has been named a Strategic Leader in the 2023 Fosway 9-GridTM for Talent Acquisition for the third consecutive year, proving its ability to deliver higher levels of innovation, customer impact and advocacy compared to alternatives […]

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Reaffirms Phenom and its Intelligent Talent Experience platform’s consistent ability to serve EMEA’s largest companies’ complex talent demands


LONDON–(BUSINESS WIRE)–#HRTechPhenom has been named a Strategic Leader in the 2023 Fosway 9-GridTM for Talent Acquisition for the third consecutive year, proving its ability to deliver higher levels of innovation, customer impact and advocacy compared to alternatives in the market. Fosway identifies Strategic Leaders as companies that provide a rich suite of capability across a broad scope of features and have the sophistication to consistently meet the needs of complex enterprise-scale customers.

Job vacancy rates recently reached record highs and the competitive talent market remains a priority on the European Union’s policy agenda, according to a European Labour Authority report. To better connect with candidates and quickly fill open roles in a scalable, sustainable way, CHROs and CEOs from today’s leading enterprises are choosing holistic solutions that leverage intelligence, automation and experience to reduce repetitive tasks, increase recruiter efficiency and hyper-personalize every part of the talent journey.

“Artificial intelligence (AI) is accelerating disruption in the TA market,” said David Wilson, CEO, Fosway Group. “Phenom’s position as a Strategic Leader on the 2023 Fosway 9-Grid™ for Talent Acquisition reflects the company’s continued innovation in AI and the candidate and talent experience. Recent acquisitions continue to give the company even greater traction in the European market.”

More than 500 global, diverse enterprises use Phenom’s vast network of data, contextual industry models and deep learning to achieve measurable, defensible results. Case studies of customers using the Intelligent Talent Experience platform document their ability to:

  • Generate 11X more internal and external applications and achieved a 50% reduction in time to apply
  • Drive a 176% increase in applications and 165% increase in hires YOY
  • Deliver 8X more candidates and 20% faster hires
  • Save up to 78% of recruiters’ time with automated screening and scheduling
  • Decrease time to schedule an interview 98% (from 5 minutes to 5 seconds) with automation
  • Increase recruiter productivity 567% and reduce agency spend
  • Cut 65 days off time to hire

“Phenom continues to deliver innovation, scale technology and elevate customer support to solve the most complex talent demands of the largest enterprises across Europe,” said Mahe Bayireddi, CEO and co-founder of Phenom. “We are fully invested in the success of our customers’ teams, their outcomes and the incredible impact they’re able to drive for talent acquisition and management — and the business as a whole.”

In addition to their existing talent acquisition technology — including Career Site, CMS, CRM, Video Assessments and AI Scheduling — Phenom recently announced Phenom X+, a new platform-wide generative AI capability that bolsters efficiencies by automating content creation, surfacing actionable intelligence, and eliminating time-consuming tasks. Phenom also unveiled 18 platform intelligence and automation innovations to further transform the way employers teams hire, develop and retain talent.

Platform innovation highlights include:

  • Generative AI for TA — providing sourcers, recruiters, talent marketers, and other talent acquisition professionals the ability to generate personalized content that delights candidates and dramatically speeds up the hiring process by eliminating time-consuming, manual work.
  • High-Volume Hiring — automating job discovery, application submission, and offering extension processes for frontline and hourly workers.
  • Automation Engine — giving organizations the backend interface and control needed to configure and iterate on hiring workflows – complete with intelligence for ongoing monitoring and qualitative analysis of performance, plus recommendations to optimize in real-time.
  • Interview Intelligence — eliminating the black box of the interview process by providing transcripts, key takeaways, and actionable guidance to the hiring team to move forward with decisions faster.
  • Workforce Intelligence — providing context and oversight to HR teams within their organization, including hiring trends, churn rate, retention risks and high performers, to improve talent onboarding, development and retention.
  • Candidate Hub – bringing transparency to candidates throughout the hiring process, making it easy to discover relevant roles, understand hiring status, prepare for interviews, and reschedule when conflicts arise.

Companies across EMEA are successfully adopting Phenom’s Intelligent Talent Experience platform to help candidates find and choose them faster, employees develop their skills and evolve, recruiters become wildly productive, managers build stronger-performing teams, HR align employee development with company goals and HRIS create a holistic tech infrastructure through seamless integrations.

To learn more about Phenom’s Strategic Leader position, read this blog.

To see the Phenom Intelligent Talent Experience platform in action, request a demo.

About the Fosway 9-Grid™

Fosway Group is Europe’s #1 HR industry analyst. The Fosway 9-Grid™ provides a unique assessment of the principal learning and talent supply options available to organizations in EMEA. The analysis is based on extensive independent research and insights from Fosway’s Corporate Research Network of over 250 organizations, including BP, HSBC, PwC, RBS, Sanofi, Shell, and Vodafone. Visit the Fosway website at www.fosway.com.

About Phenom

Phenom has a purpose of helping a billion people find the right job. Through AI-powered talent experiences, employers are using Phenom to hire employees faster, develop them to their full potential, and retain them longer. The Phenom Intelligent Talent Experience platform seamlessly connects candidates, employees, recruiters, hiring managers, HR and HRIS — empowering over 500 diverse and global enterprises with innovative products including Phenom Career Site, Chatbot, CMS, CRM, AI Scheduling, Video Assessments, Campaigns, University Recruiting, Talent Marketplace, Career Pathing, Gigs, Mentoring, and Referrals.

Phenom has earned accolades including: Inc. 5000’s fastest-growing companies (3 consecutive years), Deloitte Technology’s Fast 500 (4 consecutive years), five Brandon Hall ‘Excellence in Technology’ awards including Gold for ‘Best Advance in AI for Business Impact,’ Business Intelligence Group’s Artificial Intelligence Excellence Awards (3 consecutive years), and a regional Timmy Award for launching and optimizing HelpOneBillion.com (2020).

Headquartered in Greater Philadelphia, Phenom also has offices in India, Israel, the Netherlands, Germany and the United Kingdom.

For more information, please visit www.phenom.com. Connect with Phenom on LinkedIn, Twitter, Facebook, YouTube and Instagram.

Contacts

Media:

Jennifer Lyons

Director, Global Communications

267-379-5066

jennifer.lyons@phenompeople.com

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Brace for impact: the market could explode if China lifts its Crypto ban https://www.fintechnews.org/brace-for-impact-the-market-could-explode-if-china-lifts-its-crypto-ban/ https://www.fintechnews.org/brace-for-impact-the-market-could-explode-if-china-lifts-its-crypto-ban/#respond Sun, 28 May 2023 05:11:11 +0000 https://www.fintechnews.org/?p=30003 By Bary Rahma China’s historical relationship with cryptocurrencies is complex, marked by recurrent bans and their impact on the crypto market. Recent signs suggest a potential shift in China’s hardline stance on cryptos, a development attracting significant international attention. Lifting the ban on cryptos in China could have profound implications for the crypto market, potentially […]

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  • China’s historical relationship with cryptocurrencies is complex, marked by recurrent bans and their impact on the crypto market.

  • Recent signs suggest a potential shift in China’s hardline stance on cryptos, a development attracting significant international attention.

  • Lifting the ban on cryptos in China could have profound implications for the crypto market, potentially driving demand and boosting prices.

Beijing has issued a white paper titled “Web3 Innovation and Development White Paper (2023)”, advocating for web3 technology as a crucial component of future internet growth. The Beijing Municipal Science & Technology Commission, which released the document, aims to position Beijing as a global innovation hub for the digital economy. As part of this plan, the Chaoyang district will invest around $14 million annually until 2025. The white paper underscores Beijing’s commitment to bolster policy support and accelerate tech advancements to propel the web3 industry.

China’s History of Banning Crypto

China has a long history of imposing restrictions on cryptos, with the first attempt taking place in 2013 when the People’s Bank of China (PBC) issued rules that prohibited financial institutions from transacting in virtual currencies like Bitcoin.
However, this did not make it illegal for Chinese citizens to buy, store, or send cryptos. It simply made accessing cryptos from exchanges more challenging.
This first ban was aimed at slowing down Bitcoin trading, as it had become so widespread that many businesses, including the country’s largest search engine Baidu, began accepting it as payment.
Investment in Blockchain Industry After China Crypto Ban
Investment in Blockchain Industry in China. Source: Statista

In 2017, during the crypto bull market, Chinese officials imposed increased sanctions on crypto trading, focusing particularly on Initial Coin Offerings (ICOs). ICOs, digital tokens meant to represent an ownership stake in a new crypto project, have seen a significant increase in trading.

Nonetheless, many of these ICOs became scams due to the lack of regulation. To curb the ICO craze, China banned all platforms offering ICOs. If an exchange sold ICOs, they had to return the money to investors.

Number of Cryptos Worldwide
Number of Cryptos Worldwide. Source: Statista
In 2021, China took the most severe measures in its history against cryptos. As Bitcoin hovers around $55,000, China’s State Council announced a formal ban on crypto mining.
Shortly after, the hash rate on Bitcoin’s network dropped 50%, with Bitcoin’s price plunging to about $30,000 in the ensuing months.
Bitcoin US Dollar Price Reacts to China Ban on Crypto
Bitcoin US Dollar Price. Source: Statista
Along with the Bitcoin mining ban, China’s regulatory bodies outlawed all crypto trading and transactions. It is also illegal for residents to send crypto and for businesses and banks to accept coins like Bitcoin and Ethereum.
Despite the ban, there are no specific policies against holding digital assets, so Chinese residents who already have crypto in a wallet are not violating any current laws.

Why China Banned Cryptos

Several factors drove China’s decision to ban cryptos. These include:
  • Concerns about consumer protection due to the association of cryptos with scams and money laundering.
  • The unclear legal status of digital currencies.
  • The potential for capital flight.
  • The devaluation of the yuan.
  • Environmental concerns due to Bitcoin’s high energy requirements.
  • A desire to control Central Bank Digital Currencies (CBDCs) and metaverse projects.
Indeed, China is actively working on an official CBDC known as the “digital yuan,” and cities like Shanghai have pledged billions to develop national metaverse projects.
The ban had significant aftereffects on the global crypto industry. China’s Bitcoin mining ban caused a significant decrease in the hash power on the Bitcoin blockchain. Many of China’s Bitcoin miners fled to nations that were more friendly to the crypto industry.
However, Bitcoin’s total hash rate continued to increase in the months following the ban, and by January 2022, it was significantly higher than before China’s Bitcoin ban.
It was also observed that mining activity in China appeared on Bitcoin’s network in September 2021, suggesting that many Chinese mining pools still operate underground​​.

Is China Lifting the Crypto Ban?

Despite the stringent restrictions, China’s ban on cryptos has not completely halted activity in the sector. Underground crypto markets have sprouted up as crypto enthusiasts in the country continue to find ways around the restrictions.
More recently, however, signs have suggested a possible shift in China’s stance towards cryptos.
In the latest development, there are indications that China might be easing its hardline stance on cryptos. This news is substantial given that one of the most significant shocks to the crypto market in the past couple of years came in 2021 when China issued its most significant crackdown yet on digital assets.
This crackdown was part of a wider effort to regulate the financial technology sector. It was also in line with China’s ambition to introduce its own digital currency, the digital yuan.
The global crypto community is closely watching signs of a potential shift in China’s stance towards cryptos. However, the specifics of this shift are not yet clear, and how these developments will pan out remains to be seen.
It should be noted that even if China were to ease its restrictions, it would likely continue to exercise tight control over the sector to ensure consumer protection, prevent potential financial risks, and maintain control over its own digital currency initiatives.

What Will Happen If China Lifts Ban on Cypto?

If China were to lift its ban on cryptos, it would likely significantly impact the global crypto market.
As the world’s most populous country and one of the largest economies, China’s acceptance of cryptos could stimulate global demand, boost prices, and potentially lead to wider acceptance of digital currencies. It could also pave the way for the return of crypto mining activities to the country, which was once the world’s largest Bitcoin mining hub.
Binance CEO Changpeng Zhao maintains that lifting China’s crypto ban is a “big deal.” The fact that CCTV (China Central Television) recently broadcasted a news segment about crypto has sent waves in the Chinese-speaking communities.
Still, unbanning crypto could also pose challenges. For instance, it could lead to increased volatility in the crypto market. Additionally, it could bring about regulatory challenges as authorities grapple with consumer protection, money laundering, and financial stability issues.
The potential lifting of China’s ban on cryptos is a development with significant implications for the global crypto market. But until more concrete information becomes available, the true impact of this development remains to be seen.

 

Link: https://beincrypto.com/what-happens-if-china-lifts-crypto-ban/?utm_source=pocket_saves

Source: https://beincrypto.com

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How to access the most desirable Real Estate markets in the world with Blockchain technology https://www.fintechnews.org/how-to-access-the-most-desirable-real-estate-markets-in-the-world-with-blockchain-technology/ https://www.fintechnews.org/how-to-access-the-most-desirable-real-estate-markets-in-the-world-with-blockchain-technology/#respond Sun, 28 May 2023 04:55:00 +0000 https://www.fintechnews.org/?p=29976 Web3 real estate investing platform Parcl leverages blockchain to address the current bottlenecks facing property investing Real estate is one of the oldest, most regulated, and desired asset classes. However, the $320 trillion valued market is still one of the most inaccessible for everyday investors. Many potential investors are sidelined by high entry costs and significant downside […]

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Web3 real estate investing platform Parcl leverages blockchain to address the current bottlenecks facing property investing

Real estate is one of the oldest, most regulated, and desired asset classes. However, the $320 trillion valued market is still one of the most inaccessible for everyday investors. Many potential investors are sidelined by high entry costs and significant downside risks associated with poor investment decisions.
Investors require an improved way to get exposure to the immense benefits of real estate deals with relative ease and minimal risks. Web3 real estate investing platform Parcl leverages blockchain to address the current bottlenecks facing property investing. Parcl brings the world’s most desirable real-world asset (RWA) to the blockchain by offering a platform for users to get exposure to entire cities through an index.
An RWA index is one that measures the underlying price of a tangible asset that exists in the physical world that has been bridged to the blockchain. By investing in an RWA index, Parcl users allocate capital to an investment vehicle that tracks the price movements of a city’s residential real estate market.
What sets Parcl apart is its focus on high-demand markets such as New York and Los Angeles, which are notoriously challenging to invest in due to high prices and agent fees. Beyond tokenizing real estate on the blockchain, Parcl prioritizes these otherwise inaccessible markets, offering an innovative solution for DeFi traders seeking exposure to the global real estate landscape.

The Story of Parcl

Parcl’s story began at the depth of the COVID-19 pandemic, which arguably disrupted the real estate market for decades to come. Parcl’s experienced co-founder Trevor Bacon worked as a hedge fund manager at the technology and payments industry intersection. Bacon’s expertise revolved around identifying relative value trades where one sector was losing at the expense of another and capturing the price appreciation at the winning field.
The COVID-19 pandemic created numerous opportunities, especially in the United States real estate market. For instance, while real estate values in major New York cities like Manhattan crashed by up to over 30%, suburban counties saw a corresponding increase in demand, causing prices to skyrocket.
However, there was no viable solution for investors to capture this irresistible opportunity. The traditional investment approach required acquiring an exact house or building in the region, a process that was far from instant. Besides, Trevor Bacon had wondered,
“Why can’t [investors] trade the value of general areas like neighborhoods, zip codes, towns, or cities? Why couldn’t an investor be offered exposure to a city or neighborhood instead of having to choose an exact house or building?” Is there a way to avoid a hyper-specific investment that requires so much cash?.”
Parcl was born to make these previously impossible trades possible and level the barriers facing global real estate investing. As a case study, Parcl is already empowering international users and DeFi traders to gain exposure to the U.S. real estate market for the first time.
Parcl’s blockchain-based solution further democratizes access to the most lucrative real estate markets, allowing anyone to invest as little as a dollar into a traditionally barricaded asset class. Parcl makes it possible to invest in a single city’s residential real estate market, unlocking high-demand markets like New York, Los Angeles, and Miami.

How Parcl Is Different from Other Forms of Real Estate Investing

Parcl differs in several ways from other forms of real estate investing. The most notable is that Parcl’s DeFi protocol enables users to invest in neighborhoods and cities instead of specific buildings. Parcl indexes are the first ever real-world asset (RWA) Index that represents a city’s residential real estate market. Each Parcl index represents the median price per square foot in a given geographical location and is freely tradable within the platform’s liquidity pools.
Parcl’s radical approach to real estate investing unlocks numerous benefits. For one thing, it eliminates the particular risks of owning a real estate property within a distinctive region. It empowers investors to gain exposure to multiple RWAs through a single vehicle and thus extract value from the underlying neighborhood.
Parcl’s novel platform for DeFi traders is notable for bringing unparalleled liquidity to one of the world’s most illiquid assets. The current real estate investment landscape requires investors to engage several stakeholders, including agents, brokers, title companies, and local governments, before entering or exiting the market. In the United States, a house sits on the market for an average of 22 days, with a standard 30 to 45 days closure period also included. In the United Kingdom, it takes at least 57 days to go from listing a property to closing a sale.
(Source: HouseBuyers4U study)
Parcl’s solution drastically improves the timeline for real estate investors. Trading Parcl’s RWA indexes lower the entry and exit timeline to mere minutes and allow users to proactively manage their portfolios.
Additionally, the Parcl platform represents a significant improvement to Real Estate Investment trusts (REITs) and the idea of passive income from property investing. While REITs focus on investing in distinct buildings within diverse regions, such investments typically rely on various real-world factors beyond the average investor’s control.
For instance, investors expect the real estate management company to remain proficient and hope that architectural trends in the area do not render properties less attractive for tenants. Parcl narrows down these risk factors by focusing on geographical areas instead of property-oriented features that are more susceptible to constant changes. Investors can thus benefit from truly passive income while eliminating the rigors attached to actively managed properties and investment assets like stocks.
Lastly, Parcl unlocks unprecedented flexibility and access to the most lucrative cities around the world. Unlike fractionalized ownership applications that often provide access to less-desirable areas, Parcl focuses on entire neighborhoods inside the world’s best-performing cities, including New York, Miami, and Los Angeles, with international markets like Paris, London, and Singapore, to be available in the near future. Parcl users can invest in multiple cities at once, predicting market movement in a bullish or bearish direction.
The opportunity to go short on different regions is also a powerful tool for experienced DeFi traders. It provides a way to hedge against macro headwinds, such as rising interest rates, while protecting rental properties within these jurisdictions against a decline in value.

The Parcl Platform

Built on the low-cost Solana blockchain, the Parcl DeFi platform is easily accessible with compatible wallets. Users can invest in their favorite places, with over 15 cities currently listed on the platform, users can build their dream real estate portfolio. Parcl provides cutting-edge data analytics to enable investors to make informed decisions, a liquidity pool for passive income earners, and the flexibility of entering and exiting positions.
Parcl’s protocol further improves the traditional leverage capabilities, which allow investors to own property with as little as a 3.5% down payment. Advanced traders can maximize their real estate portfolio on Parcl by leveraging their original investment up to 10x for greater returns. The platform also offers collar positions mode, permitting investors to minimize the risk of volatility in either market direction by simultaneously holding long and short positions.

Who Parcl Is For

Parcl is ideal for DeFi traders and medium to long-term real estate investors who have conviction in the trends of a particular area and want a relatively easy way to gain exposure to such favorable dynamics. Users can maintain their position in these geographical areas by holding related open positions and providing liquidity to earn passive income.
Short-term traders also benefit from Parcl’s flexible real estate trading platform. Parcl’s current investable markets have yielded an average six percent return in the past quarter, making the offering attractive for investors seeking short-term real estate gains without the long-term commitment of owning and maintaining properties.
Moreover, high-frequency and momentum traders can leverage Parcl’s platform to boost their real estate portfolio performance. Aside from the potential to profitably trade funding rates on listed assets, traders can tap into a superiorly quicker entry and exit route than traditional real estate.

Parcl Labs and the Future

The Parcl real estate investing platform utilizes powerful and granular insights delivered by Parcl Labs, the protocol’s lead maintainer. Parcl Labs’ core invention, the Parcl Labs Price Feed (PLPF), tracks real-time changes in the value of residential real estate across multiple geographies and property types.
Parcl Labs adopts an enterprise-level process to evaluate hundreds of millions of data points that form the basis for its innovative price per square-foot metric for tracked neighborhoods. Parcl Lab’s resourceful and granular data collection disrupts the largely-unchanged information ecosystem that has underpinned the real estate industry for several decades. Such high-end data will also pave the way for Parcl to expand into more markets like Paris, London, and Singapore over the coming months. The daily price feeds have already been trusted by top media outlets to provide daily updates of different real estate markets: CNBCCBS and Fortune.

Experience the power of simplified real estate investing with Parcl.

Parcl taps into the power of the blockchain to provide innovative ways for investors to capture the value of real estate price movement in diverse geographical areas. This previously impossible trade demonstrates blockchain’s potential to solve significant problems with RWAs and underlines Parcl’s commitment to addressing these challenges.
At its core,  Parcl levels the playing field for everyday investors by providing unparalleled liquidity, desirable locations, global access, and advanced features for leveraging price movement in multiple directions. Parcl’s core proposition of allowing investors to gain exposure to entire neighborhoods and cities without owning specific properties in the real world is a game-changer for the simplified real estate investing landscape.
Parcl Labs is poised to significantly drive mainstream investment into real estate by providing cutting-edge insights and trading solutions. The race to disrupt the multi-trillion dollar industry is well underway, and Parcl’s upcoming expansion into new territories will only pave the way for more investors to build truly global real estate portfolios!

 

Link: https://blockworks.co/news/accessing-desirable-real-estate-with-blockchain

Source: https://blockworks.co

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North America Critical Minerals & Energy Investment Conference and Exhibition (New York, United States – June 8-9, 2023) – ResearchAndMarkets.com https://www.fintechnews.org/north-america-critical-minerals-energy-investment-conference-and-exhibition-new-york-united-states-june-8-9-2023-researchandmarkets-com/ Sun, 28 May 2023 01:07:00 +0000 https://www.fintechnews.org/north-america-critical-minerals-energy-investment-conference-and-exhibition-new-york-united-states-june-8-9-2023-researchandmarkets-com/ DUBLIN–(BUSINESS WIRE)–The “Critical Minerals & Energy Investment North America Conference and Exhibition” conference has been added to ResearchAndMarkets.com’s offering. Explore North America’s Critical Minerals & Hydrogen Energy Opportunities Spurring Investment & Innovation As Well As Discover the Potential Of Critical Energy Resources For Mining, Renewable Energy, Automotive, Aerospace, Defence, Telecommunications, And Agritech Industries 250 Attendees […]

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DUBLIN–(BUSINESS WIRE)–The “Critical Minerals & Energy Investment North America Conference and Exhibition” conference has been added to ResearchAndMarkets.com’s offering.

Explore North America’s Critical Minerals & Hydrogen Energy Opportunities Spurring Investment & Innovation As Well As Discover the Potential Of Critical Energy Resources For Mining, Renewable Energy, Automotive, Aerospace, Defence, Telecommunications, And Agritech Industries

  • 250 Attendees
  • 45 Speakers
  • 25 Sponsors & Exhibitors
  • 1 Conference

Critical Raw Materials Resilience – Charting A Path Towards Greater Supply Chain Security & Sustainability

Critical Minerals & Energy Investment North America Conference and Exhibition is the only event in the Americas dedicated to the critical minerals sector discussing all aspects of exploration opportunities for traditional and emerging commodities, investment strategies, development of new technologies from mobile phones to fighter jets, critical infrastructure, transport, security & renewable energy and expansion of downstream processing to meet future global demand.

The Governments of Canada and the United States are developing National Critical Minerals Strategies that focus on supporting domestic critical mineral and material supply chains in order to reduce dependency on other countries including China, where 90% of rare earths and 60% of lithium are processed.

Supporting supply chain diversification and security of supply is of paramount importance. The event looks at key elements of responsible sourcing and processing, recycling, and green investment economy, as well as hydrogen which plays a crucial role in the global energy market’s transition to a low-carbon economy.

The host anticipates 250 senior-level executives, including over 35 mining companies ranging from explorers, and juniors to mid-tier producers, majors, and processors for two days of partnering, networking, and business matching.

MINERS MEET INVESTORS

Our investors come from private equity, asset & investment management companies, sovereign wealth funds, hedge funds, venture capital, family offices or are HNWIs and private investors.

They join us from all over Americas, Europe, Asia, the Middle East, and Australia to look out for the latest mining projects and investment opportunities.

KEY THEMES

  • Mining Investment Strategies & Trends
  • Bridging Mining, Energy, Automotive, Space & Defence Industries
  • Critical Materials Strategy, Supply & Trade
  • Resources Security, Sustainability & Hydrogen
  • Global
  • Commodity Trends
  • Battery Metals (Lithium, Vanadium, Cobalt, Nickel and Graphite) & Electric Vehicles
  • Platinum Group Metals Developments
  • Rare Earth Minerals
  • Emerging Metals
  • M&A, Capital Raising & Financing Environment
  • Risk, Government Regulations & Policy Developments
  • Junior Miners, New Exploration Projects & Discoveries
  • Renewable Energy Prospects
  • Mining Technology Advancements
  • IoT, Blockchain & Future of Mining

WHAT TO EXPECT?

TOP SPEAKERS

  • The industry leaders provide new perspectives, share cutting edge content and insights to understand the fast-changing global investment landscape.

EXHIBITION

  • Talk to miners & evaluate their resources projects and discover the very latest in technology and solution innovations to mining industry.

NETWORKING

  • From speed networking, lunches, 1-2-1 meetings to drinks reception across 2 days you’re assured to make the right connections.

Speakers

Megan Joyce

Head of Corporate Finance, WA

ANZ

Graeme Testar

Executive Director, Corporate Finance

Argonaut Securities

Sonia Scarselli

Vice President

BHP Xplor

Rob Wilson

Head of Western Australia & Resources

Clean Energy Finance Corporation (CEFC)

Sarah Sargent

Mineral Investment Specialist

Department of Mines, Industry Regulation and Safety

Hon. Bill Johnston MLA

Minister, Mines, Petroleum, Energy & Industrial Relations

Government of Western Australia

Stephen Gauld

Managing Director & CEO

Infinite Green Energy

Ron Mitchell

Chairman

London Metal Exchange Lithium Committee

Frank van Rooyen

Senior Director – Resources & WA

Northern Australia Infrastructure Facility

Peter Pham

Managing Director & Principal Fund Manager

Phoenix Capital Group

Henk Ludik

Executive Chairman

Suvo Strategic Minerals Limited

Daniel Hynes

Senior Commodity Strategist

ANZ Research

Dr Amanda Murphy

Senior Advisor, Critical Minerals

Austrade

Bart Kolodziejczyk

Associate Director – Hydrogen and Clean Technologies

Boston Consulting Group

Namali Mackay

Managing Director

Critical Minerals Association Australia

Andrew Spinks

Managing Director

EcoGraf

Luke Cox

Chief Executive Officer

Green Technology Metals

Phil Hearse

Executive Chairman

International Graphite Ltd

Kylah Morrison

General Manager – Western Australia & South Australia

METS Ignited Australia

George Bauk

Executive Director

PVW Resources

Sam Rodda

Managing Director & CEO

Podium Minerals

Peter Nicholson

Senior Advisor Australia and Asia

Appian Capital Advisory LLP

Sam McGahan

Marketing Manager

Australian Vanadium Limited

Dr Chris Golding

Manager, Semiconductors, Electrification and Europe Team

Critical Minerals Office

Behyad Jafari

CEO

Electric Vehicle Council

Michael Brady

Partner, Commercial Contracting, Energy & Resources,

HWL Ebsworth Lawyers

Colin Locke

Executive Chairman

Krakatoa Resources

Richard Beazley

Non-Executive Chairman

MetalsGrove Mining

Matt Fifield

Managing Partner

Pacific Road Capital

Robert Gray

Chief Commodities Strategist

Resource Capital Funds

Gavin Lockyer

Managing Director

Arafura Resources Limited

Adam Myers

Partner, Corporate Finance

BDO

David Tasker

Managing Director

Chapter One Advisors

Andrew Hutchinson

General Manager

Critical Minerals Office

Dan Smart

Director, Project & Structured Finance

Export Finance Australia

Peter Kasprzak

Director

Hydrogen Society of Australia

Kristie Young

Non-Executive Director

Lithium Australia Ltd – ChemX Materials Ltd – Tesoro Gold Ltd

Miranda Taylor

CEO

National Energy Resources Australia (NERA)

Peter Clifford

Director

Paradigm Fuels

Noel Ong

Managing Director

Samso Capital

For more information about this conference visit https://www.researchandmarkets.com/r/5j78zt

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./ CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

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Flatiron Health Announces Research to be Presented at American Society of Clinical Oncology 2023 Annual Meeting https://www.fintechnews.org/flatiron-health-announces-research-to-be-presented-at-american-society-of-clinical-oncology-2023-annual-meeting/ Sun, 28 May 2023 01:05:56 +0000 https://www.fintechnews.org/flatiron-health-announces-research-to-be-presented-at-american-society-of-clinical-oncology-2023-annual-meeting/ NEW YORK–(BUSINESS WIRE)–Flatiron Health today announced that the company and its collaborators will present a total of 12 abstracts accepted for poster discussion, presentation, and online publication at this year’s American Society of Clinical Oncology (ASCO) Annual meeting, to be held in Chicago this June. “As demonstrated by our presence at ASCO this year, Flatiron […]

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NEW YORK–(BUSINESS WIRE)–Flatiron Health today announced that the company and its collaborators will present a total of 12 abstracts accepted for poster discussion, presentation, and online publication at this year’s American Society of Clinical Oncology (ASCO) Annual meeting, to be held in Chicago this June.

“As demonstrated by our presence at ASCO this year, Flatiron is continuing to scale our ability to connect powerful data and novel technology to better design trials for diversity, accelerate clinical research timelines, reduce burden across teams and complete trials with more confidence,” shares Flatiron Health Chief Medical Officer Javier Jimenez. “Aligned with this year’s theme, Flatiron’s intimate knowledge of the oncology healthcare ecosystem and multi-faceted and deep understanding of EHR data positions us to continue developing technology and driving research to close the gap between care and research.”

Research highlights include:

  • A Poster Discussion Session highlighting the mediators of racial and ethnic inequities in clinical trial participation among US patients with cancer.
  • An Oral Abstract Session discussing a collaboration between Flatiron Health and Foundation Medicine to measure tumor mutational burden (TMB) from an FDA-approved assay and real-world overall survival (rwOS) on single-agent immune checkpoint inhibitors (ICI) in over 8,000 patients across 24 cancer types.
  • An Oral Abstract Session discussing research done by the Health Equity One-Roche Collaboration (Flatiron Health, West Clinic, OneOncology, Foundation Medicine, and Genentech) to understand practice- and provider-level inequities in next-generation sequencing (NGS) testing by race/ethnicity for patients with advanced non-small cell lung cancer (aNSCLC) treated in the community setting. This study was invited to submit a manuscript for simultaneous publication in the Journal of Clinical Oncology – Oncology Practice.

Learn more about our abstracts and events by visiting our website.

Follow Flatiron Health on Twitter and LinkedIn for more updates from #ASCO23 and visit us in person at Booth #23127.

Poster Discussions and Presentations

Mediators of racial/ethnic inequities in clinical trial participation among US patients with cancer, 2011-2022.
Poster Discussion Session

Jenny S. Guadamuz, Xiaoliang Wang, Ivy Altomare, Gregory S. Calip

Tumor mutational burden (TMB) measurement from an FDA-approved assay and real-world overall survival (rwOS) on single-agent immune checkpoint inhibitors (ICI) in over 8,000 patients across 24 cancer types
Oral Abstract Session

Partner: Foundation Medicine

David R. Gandara, Neeraj Agarwal, Shilpa Gupta, Samuel Klempner, Miles Andrews, Amit Mahipal, Vivek Subbiah, Ramez Eskander, David Carbone, Jeremy Snider, Lilia Bouzit, Cheryl Cho-Phan, Megan Price, Gerald Li, Julia C. F. Quintanilha, Richard S.P. Huang, Jeffrey S. Ross, David Fabrizio, Geoffrey R. Oxnard, Ryon P. Graf

Practice- and provider-level inequities in next-generation sequencing (NGS) testing by race/ethnicity for patients (pts) with advanced non-small cell lung cancer (aNSCLC) treated in the community setting.
Oral Abstract Session

Partner: Health Equity One-Roche Collaboration — Flatiron Health, West Clinic, OneOncology, Foundation Medicine, and Genentech

Gregory Vidal, Neha Jain, Aaron Fisher, Danny Sheinson, Katherine T. Lofgren, Esprit Ma, Elaine Yu, Leah Comment, Rebecca Miksad, Davey Daniel

Technology-enabled clinical trials: Intentional capture of source data (IDC) in the electronic-health record (EHR) and direct transfer to trial database (electronic data capture [EDC]) in a phase II multicenter trial.
Trevor J. Royce, Sam Falk, Forrest Xiao, Mariel Boyd, Lindsay Bramwell, Addison Shelley, Lauren Sutton, Ruth M Morgan, Patricia Mader, Teresa Taiclet, Abigail Alve

Trial eligibility criteria (EC) and diversity among patients with advanced non small cell lung cancer (advNSCLC).
Maneet Kaur, Filip Frahm, Mustafa Ascha, Jenny Guadamuz, Adam Gottesman, Barry Leybovich, Arjun Sondhi, Yihua Zhao, Neal J. Meropol, Trevor Royce

Metastatic patterns and outcomes by HER2 and hormone receptor (HR) status in patients (pts) with metastatic breast cancer (mBC).
Qianyu Yuan, Emily Castellanos, Erin Fidyk, Karen Schwed, Melissa Estevez, Sheila Nemeth, Robin Linzmayer, and Aaron Cohen

Real-world response endpoints in patients with mNSCLC treated with chemotherapy across real-world datasets.
Partner: Friends of Cancer Research (FoCR) — FDA, Flatiron Health, Syapse, Cota, ConcertAI, McKesson, Tempus

Xinran Ma, Friends of Cancer Research, ASCO, FDA, ConcertAI, COTA, Guardian Research Network, IQVIA, Ontada, Syapse, and Tempus

Effectiveness of PARP inhibitor maintenance therapy (mPARPi) in advanced ovarian cancer (OC) by BRCA1/2 and HRD signature in real-world practice.
Partner: Foundation Medicine

Debra Richardson, Julia Quintanilha, Ryon Graf, Natalie Danziger, Christina Washington, Lauren Dockery, Tamara Snow, Anosheh Afghahi, Anthony Frachioni, Julia Elvin, Kathleen Moore

Survival analysis of patients treated at oncology practices with more aggressive end-of-life practice patterns.
Partner: Yale University

Maureen Canavan*, Xiaoliang Wang*, Mustafa Ascha, Rebecca Miksad, Timothy N. Showalter, Gregory Calip , Cary P. Gross, Kerin Adelson

*These authors contributed equally to the work.

Evaluating Generalizability of Practice-Changing Randomized Clinical Trials in Non-Small Cell Lung Cancer using Machine Learning-Based In-Silico Trials.
Partner: University of Pennsylvania

Ravi Parikh, Xavier Orcutt, Arjun Sondhi, Aaron Cohen

Clinical pathways innovation: A lesson on the value of clinician based feedback and collaboration with Flatiron Health
Partner: University of Pennsylvania

Christopher D’Avella, Erin Bange, Aditi Singh, David Dougherty, Peter Gabriel, Rebecca Maniago, Jennifer Miao, Colin Harvey, Marcello Ricottone, Lawrence N. Shulman

About Flatiron Health

Flatiron Health is a healthtech company expanding the possibilities for point of care solutions in oncology and using data for good to power smarter care for every person with cancer. Through machine learning and AI, real-world evidence, and breakthroughs in clinical trials, we continue to transform patients’ real-life experiences into knowledge and create a more modern, connected oncology ecosystem. Flatiron Health is an independent affiliate of the Roche Group. Flatiron.com @FlatironHealth

Contacts

Flatiron Health
Nina Toor

communications@flatiron.com

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Impact Podcast with John Shegerian Features Jon Powell of Saleforce https://www.fintechnews.org/impact-podcast-with-john-shegerian-features-jon-powell-of-saleforce/ Sun, 28 May 2023 01:04:52 +0000 https://www.fintechnews.org/impact-podcast-with-john-shegerian-features-jon-powell-of-saleforce/ LOS ANGELES–(BUSINESS WIRE)–#esg–Jon Powell, PhD, Sustainability Practice Global Lead for Salesforce, is a featured guest this week on the Impact Podcast with John Shegerian. The show is hosted by Shegerian, Co-Founder and Chairman/CEO of ERI, the nation’s leading fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company. Salesforce empowers companies of […]

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LOS ANGELES–(BUSINESS WIRE)–#esg–Jon Powell, PhD, Sustainability Practice Global Lead for Salesforce, is a featured guest this week on the Impact Podcast with John Shegerian. The show is hosted by Shegerian, Co-Founder and Chairman/CEO of ERI, the nation’s leading fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company.

Salesforce empowers companies of every size and industry to connect with their customers in a whole new way through the power of AI + data + CRM. At Salesforce, Powell provides cross-industry sustainability expertise and trusted advisory to executives and leaders at dozens of the world’s largest companies, helping to accelerate their environmental, social, and governance journeys. Jon also works closely with Salesforce’s corporate Impact Team, Product Team, and Sales Teams to drive new product innovations and facilitate best-practice exchanges with internal and external stakeholders on pressing global ESG matters.

“It was an honor to have Jon, a truly impactful leader in the world of ESG and sustainability, on our show to share his story and tell our audience about the game-changing work that he and his colleagues at Salesforce are doing,” said Shegerian. “I’m sure our audience will be inspired by Jon’s message and work and how he and his colleagues at this iconic company endeavor daily to make our world a better place.”

“We are in a climate crisis, and there’s a wealth of opportunities out there to help meet the challenge that the crisis presents to the world,” said Powell. “My wide-ranging conversation with John Shegerian starting with my background but quickly transitioning to urgent and emerging topics like filling the global sustainability skills gap, the promise of AI-enabled tools like ChatGPT for driving sustainable outcomes, and how digital transformations work together to help solve some of the most intractable sustainability challenges, was a total delight. John’s a skilled and inquisitive conversationalist and I feel we just scratched the surface and am grateful he’s created such a wonderful platform that inspires so many.”

Impact Podcast guests are invited as thought leaders to share with listeners first-hand accounts of how they are able to help make the world a better place on a daily basis.

Recent guests have included leaders from Samsung, Best Buy, Amazon, Verizon, General Motors, Ford, Unilever, Procter & Gamble, Johnson & Johnson, JetBlue, Comerica Bank, Goodyear Tire, Virgin, Dell, GE, IBM, Qualcomm, Nestlé, BMW, The Home Depot, Texas Instruments, Adobe, Gap Inc., TIME, Kimberly-Clark, Timberland, Hearst, UPS, Hertz, The Hershey Company, FedEx, Intel, T-Mobile, NVIDIA, Lyft, HubSpot, T. Rowe Price, Ball Corporation, New York City, Beyond Meat, Panasonic, John Deere, Salesforce, Molson Coors, Seventh Generation, Amgen, Intuit, the NBA, the US Tennis Association, FICO, Waste Management, and a number of fascinating game-changers, including Martin Luther King III; best-selling author Ryan Holiday; Joanne Molinaro (The Korean Vegan); NFL legend Joe Theismann; Homeboy Industries founder Father Gregory Boyle; real estate powerhouse and television personality Ryan Serhant; writer/comedian/author Jeannie Gaffigan; ultra-endurance athlete Rich Roll; and hundreds more.

The Impact Podcast with John Shegerian is available for listening on ImpactPodcast.com, Apple’s iTunes, Amazon Music, Google Podcasts, Spotify, libsyn, and as part of iHeartRadio’s digital broadcast, reaching over 120 million users.

For more information, visit ImpactPodcast.com

Contacts

Paul Williams, 310/569-0023, paul.williams@eridirect.com

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Space Exploration Industry Leader Andrew Rush Joins Copernicus Space Corporation as President & CEO https://www.fintechnews.org/space-exploration-industry-leader-andrew-rush-joins-copernicus-space-corporation-as-president-ceo/ Sun, 28 May 2023 01:03:49 +0000 https://www.fintechnews.org/space-exploration-industry-leader-andrew-rush-joins-copernicus-space-corporation-as-president-ceo/ CAMBRIDGE, Mass.–(BUSINESS WIRE)–#ArtificialIntelligence—Copernicus Space Corporation (“Copernicus”) is a novel space exploration company leveraging deep knowledge of astrophysics, space systems engineering and synthetic biology to pioneer a unique space technology platform for distributed, intelligent in situ Swarm Exploration™. Copernicus develops and will deploy miniaturized, semi-autonomous space probes with in situ detection capabilities for Swarm Exploration, in […]

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CAMBRIDGE, Mass.–(BUSINESS WIRE)–#ArtificialIntelligenceCopernicus Space Corporation (“Copernicus”) is a novel space exploration company leveraging deep knowledge of astrophysics, space systems engineering and synthetic biology to pioneer a unique space technology platform for distributed, intelligent in situ Swarm Exploration™. Copernicus develops and will deploy miniaturized, semi-autonomous space probes with in situ detection capabilities for Swarm Exploration, in particular for the search for extant or extinct microbial life in our solar system, and later for exploring nearby exoplanets in our galaxy. Copernicus today is very pleased to announce the appointment of Andrew Rush as its President and Chief Executive Officer.


Expressing his excitement, Andrew commented: “I am honored to join the Copernicus team and grateful to the Copernicus board of directors for this incredible opportunity. Together, we will foster the growth of the second golden age of space exploration by establishing Copernicus as a different kind of industry leader, developing disruptive and innovative products and services. Our focus on in situ Swarm Exploration, powered by artificial intelligence, high-speed computing, robotics and eventually synthetic biology will enable swarm-based missions for space exploration, scientific discovery, security applications, and commercial activities.”

Andrew Rush is an experienced and successful aerospace executive, company builder and thought leader in the emerging space economy. Starting in 2015, Mr. Rush served as President & CEO of Made In Space, which he developed from its early stages into a profitable space technology company with 140 employees. Under Andrew’s leadership, Made In Space became the first firm to manufacture in space, sell a space-built product to a customer on Earth, and develop the first-ever satellite that will manufacture and assemble parts in orbit. In 2020, Andrew led the successful sale of Made In Space to Redwire Corporation, where he became President & COO. At Redwire, Mr. Rush oversaw the business portfolio, long-term planning, and strategic investments. Under his guidance, Redwire diversified its portfolio across civil, national security, and commercial organizations, including boosting the International Space Station’s power-generating capability with roll-out solar arrays, building more than 40 antennas for a national security customer, and providing state-of-the-art digital engineering solutions for commercial providers. During Andrew’s time as President, Redwire increased annual revenue to $160M with over 700 employees, acquired multiple space technology companies, and went public on the New York Stock Exchange.

Dr. Frank H. Laukien, Copernicus Co-Founder and board chair, stated: “We warmly welcome Andrew to the Copernicus team as our President and CEO. His exceptional expertise and proven track record of fostering growth in the space industry make him the ideal leader to drive Copernicus towards becoming a novel type of space industry leader. With his visionary leadership, track record of growth, and deep understanding of cutting-edge space technologies, Andrew will drive new opportunities for our disruptive and innovative Swarm Exploration platform, products and services.”

Dr. Avi Loeb, Copernicus Co-Founder, Director and Chief Scientific Officer, highlighted the opportunities: “We are delighted to have Andrew lead Copernicus as CEO. His passion for space exploration and his commitment to pushing the boundaries align perfectly with our mission. Andrew will lead Copernicus to advance the frontiers of space technology and drive groundbreaking scientific discoveries and an extraordinary future of multiplex space exploration.”

Mr. Rush currently serves as a member of the NASA Advisory Council on Technology, Innovation & Engineering. Andrew is a member of the Physics Advisory Group at the University of North Florida (UNF), where he has been awarded the Young Alumni Achievement Award. Andrew earned a Bachelor of Science degree in physics from UNF, and a Juris Doctor degree from Stetson University, with focus on intellectual property (IP) law. From 2012-2015, Andrew was a partner at PCT Law Group, with extensive experience and work in space technology IP matters.

About Copernicus Space Corporation

Copernicus Space Corporation (“Copernicus”) is a novel space exploration company with astrophysics, space technology and synthetic biology founders, executives and scientific advisors. Copernicus advances a unique space technology platform strategy for scalable and distributed Swarm Exploration™, breaking away from the traditional paradigms of n=1 probes or rovers, crewed space exploration, or sample-return missions. In its solar systems exploration phase, Copernicus is developing semi-autonomous swarms and networks of hundreds or thousands of miniaturized, intelligent in situ probes in search of extant or extinct microbial life, of scientific discoveries and commercial opportunities on interesting planets, moons and asteroids in our solar system. For its future interstellar phase, Copernicus will deploy millions and eventually billions of hybrid nanotechnology and synthetic biology-based space nanoprobes for exploring and seeding our galaxy to prepare humankind and terrestrial life for a multi-planetary future.

Copernicus enables the next generation of space exploration and operations by pioneering ever-increasing capabilities in sensors, scientific detectors, artificial intelligence, computing, and robotics. Copernicus products and systems will provide scalable platforms for distributed space exploration, solar system positioning, navigation and timing, security applications, and commercial endeavors. Copernicus-enabled swarm architectures aim to alter the paradigm of space exploration to create more highly scalable, cost effective, redundant, in situ-capable, intelligent and resilient systems.

Copernicus leverages differentiated and disruptive concepts and proprietary, novel technology combinations for next-generation, semi-autonomous exploration strategies. This will lead to a rich IP estate of patents, proprietary code and know-how. Copernicus also fosters ultralong-range thinking in human-directed interstellar exploration, and eventual hybrid nano- and biotechnological seeding of our galaxy. Copernicus leverages AI/ML-driven nanorobots, bioengineering for sensing and replication, as well as biology-derived ‘panspermia’ long-range information transmission.

Contacts

For press inquiries and questions, please email: Info@Copernicus.Space

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Participation of Acticor Biotech in ESOC 2023, first European Forum for Stroke Research https://www.fintechnews.org/participation-of-acticor-biotech-in-esoc-2023-first-european-forum-for-stroke-research/ Sun, 28 May 2023 01:02:43 +0000 https://www.fintechnews.org/participation-of-acticor-biotech-in-esoc-2023-first-european-forum-for-stroke-research/ PARIS–(BUSINESS WIRE)–Regulatory News: ACTICOR BIOTECH (FR0014005OJ5 – ALACT), a clinical-stage biotechnology company focused on the development of innovative drugs for the treatment of cardiovascular emergencies, in particular stroke, announces today that it will participate in the European Stroke Organization Conference (ESOC) 2023 on May 24, 25 and 26, 2023 in Munich, Germany. ESOC is the […]

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PARIS–(BUSINESS WIRE)–Regulatory News:

ACTICOR BIOTECH (FR0014005OJ5 – ALACT), a clinical-stage biotechnology company focused on the development of innovative drugs for the treatment of cardiovascular emergencies, in particular stroke, announces today that it will participate in the European Stroke Organization Conference (ESOC) 2023 on May 24, 25 and 26, 2023 in Munich, Germany.

ESOC is the leading European forum for stroke research and the preferred platform for the publication of major clinical trial data.

At this conference, the Company presented three posters on the clinical development of glenzocimab:

1) Design of the ACTISAVE study (Abstract N°2314 – Poster n° P0511- session of May 25, 2023) Authors: Y. Pletan et al.

This poster presents the methodology of the ACTISAVE study and the mapping of its global launch.

2) Sub-analysis of the ACTIMIS study – Glenzocimab Tolerance in association with antithrombotics (Abstract N°2314 – Poster n° P0507 – session of May 25, 2023)

Authors: A. Peeters et al.

This poster presents the results of a subgroup analysis of the ACTIMIS study in patients who received antithrombotic therapy in addition to glenzocimab. This sub-analysis confirms the very good safety profile of glenzocimab in these patients.

3) Sub-analysis of the ACTIMIS study – Patients over 80 years old (Abstract N°618 – e-Poster n° P1018 – session of May 24, 2023)

Authors: S. Richard et al.

This poster presents results of a subgroup analysis of the ACTIMIS study in patients over 80 years of age who received the standard of care (thrombolysis + thrombectomy). These patients are frequently excluded from clinical trials because they are at higher risk. The results of ACTIMIS indicate that glenzocimab does not present safety issues in these patients and show a marked efficacy trend towards effectiveness in reducing disability and mortality.

Prior to this event, Acticor Biotech held a Scientific Committee meeting on Tuesday, May 23, 2023, to discuss the progress and prospects of the Phase 2/3 clinical trial, ACTISAVE, as well as the clinical study and registration plans for glenzocimab on the different continents. In addition, a round table for ACTISAVE investigators attending ESOC was held on Wednesday, May 24 to discuss the operational aspects of the trial. Professor Steve Watson (University of Birmingham) presented the history of the discovery of GPVI, the target of glenzocimab, and its antithrombotic properties without the risk of bleeding.

Sophie BINAY, Chief Operating Officer and Chief Scientific Officer, stated: “The posters presented at this key conference for stroke research and the holding of our Scientific Advisory Board and a round table discussion with the participation of numerous investigators and partners, underline the significant role played by Acticor Biotech in this ecosystem and the urgent need for new innovative treatments in stroke. We continue our efforts every day to develop our drug candidate glenzocimab to address the important medical challenge of stroke and cardiovascular emergencies in general.”

About ACTICOR BIOTECH

Acticor Biotech is a clinical stage biopharmaceutical company, a spin-off from INSERM (the French National Institute of Health and Medical Research), which is aiming to develop an innovative treatment for cardiovascular emergencies, including ischemic stroke.

In May 2022, Acticor Biotech presented positive results from its Phase 1b/2a study, ACTIMIS, at the ESOC, confirming the safety profile and showing a reduction in mortality and intracerebral hemorrhage in the glenzocimab-treated group in patients with stroke. The efficacy of glenzocimab is now being evaluated in an international Phase 2/3 study, ACTISAVE, which will include 1,000 patients. In July 2022, Acticor Biotech was granted “PRIME” status by the European Medicines Agency (EMA) for glenzocimab in the treatment of stroke. This designation will allow the company to strengthen its interactions and obtain early dialogues with regulatory authorities.

Acticor Biotech is supported by a panel of European and international investors (Mediolanum farmaceutici, Karista, Go Capital, Newton Biocapital, CMS Medical Venture Investment (HK) Limited, A&B (HK) Limited, Anaxago, and the Armesa foundation). Acticor Biotech is listed on Euronext Growth Paris since November 2021 (ISIN: FR0014005OJ5 – ALACT).

For more information, visit: www.acticor-biotech.com

Contacts

ACTICOR BIOTECH
Gilles AVENARD, MD

General Manager and founder

gilles.avenard@acticor-biotech.com
T. : +33 (0)6 76 23 38 13

Sophie BINAY, PhD

Chief Operating Officer and

Scientific Director

Sophie.binay@acticor-biotech.com
T. : +33 (0)6 76 23 38 13

NewCap
Mathilde BOHIN / Quentin MASSÉ

Investor Relations

acticor@newcap.eu
T. : +33 (0)1 44 71 94 95

NewCap
Arthur ROUILLÉ

Media Relations

acticor@newcap.eu
T. : +33 (0)1 44 71 00 15

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