SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

Financial Firms Provide Additional Investment Services Related to Cryptocurrency
[March 14, 2018]

Financial Firms Provide Additional Investment Services Related to Cryptocurrency


NEW YORK, March 14, 2018 /PRNewswire/ -- According to data CoinMarketCap, the total market capitalization of 1558 cryptocurrencies were value at about $369 billion on Tuesday. The price of Bitcoin, the largest cryptocurrency by market cap, was little changed on Tuesday, trading at about $9,280. Interest in investing in digital currencies continues to grow as financial firms provide more investment products that are related to cryptocurrency. Last week, digital currency investment firm Grayscale Investments, LLC announced the launch of four new crypto funds:  Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust and XRP Investment Trust. Netcoins Holdings Corp. (CSE: NETC), Longfin Corp. (NASDAQ: LFIN), Eastman Kodak Company (NYSE: KODK), Pareteum Corporation (NYSE: TEUM), Bitcoin Investment Trust (OTC: GBTC)

Grayscale, which had $2.1 billion in assets under management, is the creator of the bitcoin investment trust. Michael Sonnenshein, Managing Director at Grayscale, said in a statement: "We are thrilled to expand Grayscale's offerings to meet rising investor demand, Our team is committed to bridging the gap between the global investment community and the digital currency asset class. We remain focused on product creation and will continue to launch more single-asset and diversified products to provide exposure where investors are looking for it."

Netcoins Holdings Corp. (CSE: NETC) earlier today announced that the, "Company's common shares will resume trading on the CSE on March 14, 2018 under the symbol "NETC".  The Company intends to obtain shareholder approval to change its name to "Netcoins Holdings Corp." at its next annual general meeting, and until such time, intends to register in Ontario to do business as "Netcoins".

New Directors and Officers - In connection with the closing of the acquisition, the Company announces that its previous directors and officers have resigned.  The Company announces that the board of directors now consists of Mark Binns, Michael Vogel, Gary Boddington and Desmond Balakrishnan.  Management now consists of Mark Binns (CEO), Kevin Ma (CFO and Corporate Secretary) and Michael Vogel (VP, Technology). The following are brief descriptions of the new directors and officers of the Resulting Issuer:

Mark Binns – President, CEO, and Director: - Mr. Binns has over 20 years of experience building customer-driven sales and marketing strategies. Mr. Binns has founded, built, and sold two consulting companies that provided strategic advice on customer acquisition and revenue growth to Fortune 1000 technology companies including RIM, Cisco and Rogers. Mr. Binns has also scaled two SAAS based software businesses in the B2C and B2B spaces into leaders in their respective markets.  Mr. Binns is an Honors graduate of the Ivey MBA program and Graduate of the Computer Science Honors program at Acadia University. Mr. Binns has led his companies to PROFIT HOT 50 and PROFIT HOT 100 awards, and was nominated by the Dean of the Richard Ivey School of Business for the prestigious business award of Canada's "Top 40 Under 40".

Michael Vogel – VP, Technology and Director -  Mr. Vogel is the co-founder and creator of Netcoins, a disruptive "Virtual Bitcoin ATM" software application, which is currently installed in locations throughout Canada as well as International markets.  Prior to creating Netcoins, Mr. Vogel worked as an Electronics Engineering Manager at Rotomaster and Electronics Engineer at NYCE Networks.  Mr. Vogel holds a Bachelor of Applied Sciences in Engineering, Electronics Engineering (Systems) Degree from Simon Fraser University.

Gary Boddington – Director - Mr. Boddington is currently the Founder and President of Silver Lining Ventures and has co-founded and successfully exited many technology start-ups.  As a creative and entrepreneurial CEO, Mr. Boddington has built teams that have grown direct and indirect license revenue channels on a global basis. Mr. Boddington is an accomplished business executive that has cultivated key stakeholder relationships, worked with boards of directors, shareholders and founders.  Mr. Boddington has strategic & operational fluency in organic SaaS and M&A growth environments and is committed to excellence, the highest ethical standards, and a constant pursuit of personal self-development and improvement.  Mr. Boddington was formerly Chief Commercialization Officer of BTL Group and former Executive in Residence for BCTIA.  Mr. Boddington holds a Diploma in Business Management from the University of Durban Westville and Bachelor of Social Science, Industrial Psychology Degree from the University of KwaZulu-Natal

Desmond Balakrisnan – Director - Mr. Balakrishnan is a Vancouver lawyer and has practiced law as a partner at McMillan LLP since February 2002.  Mr. Balakrishnan is now, or has been in the last five years, a director or officer of 15 public companies or reporting issuers.  Mr. Balakrishnan received his Law Degree from the University of Alberta in June 1997 and was called to the British Columbia Bar in May 1997.  He received his Bachelor of Arts from Simon Fraser University in June 1994.



Kevin Ma – Chief Financial Officer and Corporate Secretary - Mr. Ma, is a principal and the founder of Skanderbeg Financial Advisory Inc., specializing in corporate finance, mergers & acquisitions, and senior executive and management advisory.  Selected clients include First Cobalt Corp. (FCC:TSX-V), Chakana Copper Corp (PERU: TSX-V), Kenadyr Mining (Holdings) Corp. (KEN:TSX-V).  Mr. Ma is currently acting CFO for First Cobalt Corp. where the company recently completed a 3-way merger valued at over $150 million, creating the signal largest cobalt exploration company by market capitalization.  Mr. Ma has been involved win over $200 million in corporate finance transactions.  Mr. Ma was the Director of Finance for Alexco Resource Corp. at the time it developed and subsequently operated a silver mine in the Yukon, Canada.  From 2005 to 2008 Mr. Ma was the Audit Manager for Deloitte & Touche, LLP.  Mr. Ma is a Chartered Accountant certified by the Chartered Professional Accountants of British Columbia, and holds a Diploma in Accounting and a Bachelor of Arts degree from the University of British Columbia.

About the Company - The Company is in the business of developing software to better facilitate the purchase and sale of bitcoin for end-users. Netcoins enables the sale of bitcoin through its software at retail outlets, through individual agents and directly to clients purchasing in large quantities.


Longfin Corp. (NASDAQ: LFIN) in January announced that its Ziddu Smart Contracts are commercially available on the Ethereum blockchain. Ziddu.com is an ERC 20 Ethereum-Blockchain-empowered Smart Contract provider, and it is currently the only marketplace for decentralized smart contracts. The Ziddu Ethereum ERC20 Blockchain Token implements a technology stack in which Smart Contracts run in distributed virtual machines, running on a Consensus Settlement Algorithm (CSA). There is public availability for the view of the open ledger, decentralized verification, transparent execution, and the result of contract execution. Ziddu Smart Contracts are currently available for Trade Finance and FX markets, and Longfin is preparing to launch Smart Contracts for bullion financing within the second quarter of 2018. There are subsequent plans to make the Contracts available for peer-to-peer lending, warehouse financing, structured products, and FX/OTC derivative segments.

Eastman Kodak Company (NYSE: KODK) last month announced the launch of the KODAKOne image rights management platform and KODAKCoin, a photo-centric cryptocurrency to empower photographers and agencies to take greater control in image rights management. Utilizing blockchain technology, the KODAKOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. With KODAKCoin, participating photographers are invited to take part in a new economy for photography, receive payment for licensing their work immediately upon sale, and for both professional and amateur photographers, sell their work confidently on a secure blockchain platform.

Pareteum Corporation (NYSE: TEUM) and its subsidiaries provide a complete mobility cloud platform, utilizing messaging and security capabilities for the global Mobile, MVNO, Enterprise, Software-as-a-Service and IoT markets. On December 26, 2017, the company announced that it has completed development enabling it to add support of Blockchain technology to its billing and settlement services. This newest service capability enables Pareteum customers to participate in the transformational "Digital Economy Monetization to the Cloud" and now accept and process Bitcoin, Ethereum, Litecoin, Airtokens and other forms of cryptocurrencies. The new feature being offered to all Pareteum's Global Mobility Cloud customers will allow them to not only accept the crypto-currencies but also to perform payment processing and settlements with their partners in any currency.

Bitcoin Investment Trust (OTCQX: GBTC) is a publicly-quoted security that is solely invested in and originating value from the price of bitcoin. The BIT exposes the value and price movement of bitcoin to investors through a traditional investment vehicle, without requiring the purchase, storing and safekeeping of bitcoins. The Bitcoin Investment Trust tracks the bitcoin market price, fees and expenses.

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com 

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For netcoins holdings corp. financial news dissemination and PR services, FinancialBuzz.com expects to be compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.

For further information:

Media Contact: info@financialbuzz.com , +1-877-601-1879

Url: www.FinancialBuzz.com

 

Cision View original content:http://www.prnewswire.com/news-releases/financial-firms-provide-additional-investment-services-related-to-cryptocurrency-300613972.html

SOURCE FinancialBuzz.com


[ Back To TMCnet.com's Homepage ]







Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy