Connect with us

News

BitOoda Launches Hashpower Contract

gbafNews28

BitOoda Digital, LLC (BitOoda) today announced it successfully executed the first BitOoda Hash„¢ contract. The initial contract was between Coinmint LLC (Coinmint), operator of the largest digital currency data center in North America, and an undisclosed buyer. The contract is a standardized agreement for the purchase and sale of large blocks of physically-delivered Bitcoin hashpower “ computing power utilized to run the Bitcoin mining algorithm “ from industrial cryptocurrency mining operations. Tagomi Trading, LLC (Tagomi) will act as the calculation and settlement agent for the buyer, handling the delivery, custody, and conversion of the BTC mined with the purchased hashpower.

Sam Doctor, Chief Strategist at BitOoda, said: Institutional market participants demand professional products and solutions. This contract, built with an emphasis on transparency and accountability, is a critical step forward in the evolution of hash as a fungible commodity and the development of a robust hashpower market. Buyers accept price and difficulty risk in exchange for the opportunity to own Bitcoin at a discount to spot, while selling miners lock in their profits and receive an alternate source of capital to fund growth.

This first-of-its-kind product optimizes the settlement and delivery process, and enables seamless transacting of hashpower in the over-the-counter markets. BitOoda aims to scale the operation with its partners Coinmint and Tagomi and establish a frictionless end-to-end solution for global hashpower merchants.

“We’re excited to be working with BitOoda and top industry participants in facilitating more advanced products, and acting as the trade execution and settlement layer for them,” said Marc Bhargava, Co-founder and President of Tagomi.

Ashton Soniat, CEO of Coinmint, said: At Coinmint, we pride ourselves on being at the cutting edge of the mining space. This contract represents the next step in creating a transparent and liquid hashpower market in North America.

BitOoda plans to introduce the product worldwide alongside its proprietary suite of mining services, which also includes the previously released BitOoda Difficulty„¢ swap. To learn more about BitOodas offerings, please email [email protected].

About BitOoda

BitOoda Holdings, LLC is a global financial services platform based in Jersey City, NJ. Its mission is to accelerate the global adoption of transformational technologies by promoting transparent and efficient marketplaces, through innovative and professional capital markets solutions. BitOoda Holdings, LLCs subsidiaries include Ooda Commodities LLC, a CFTC/NFA-registered Introducing Broker; BitOoda Technologies LLC, an SEC/FINRA-registered Broker-Dealer; and BitOoda Digital LLC, which has applied for a NY DFS BitLicense. BitOoda Hash and BitOoda Difficulty are trademarks of BitOoda Holdings, LLC. For more information please visit www.bitooda.io.

Timothy Kelly

[email protected]

+1 (646) 484-1073

News

German Electric Vehicle (EV) manufacturer, e.GO Mobile, successfully closes Series B funding round

gbafNews28

–  Start of Production for the e.GO Life scheduled for June 2021

–  Focus on its disruptive Internet of Production to drive decentralized international growth

AACHEN, Germany, Feb. 25, 2021 /PRNewswire/ — nd Industrial Investments B.V., part of international private equity company nd Group B.V. and majority shareholder of Next.e.GO Mobile SE, has successfully closed a Series B equity funding round of more than EUR 30 Million for Next.e.GO Mobile SE, enabling start of production in its German factory and supporting Company's growth agenda.

The limited edition e.GO Life NEXT

 

The round attracted renowned international investors from all around the globe, including Moore Strategic Ventures (MSV), the privately held investment company for Louis M. Bacon, founder & CEO of Moore Capital Management, LP; John Snow, Previous U.S. Secretary of Treasury; Alejandro Agag, the founder and Chairman of Formula E and a pioneer in EV racing as well as Edward Norton – a three-time Academy award nominated actor, writer, director and co-founder of multiple technology companies such as CrowdRise and EDO.

Having served as the UN Ambassador for Biodiversity for over 10 years and a long-time advocate for decarbonisation and environmental sustainability, Mr. Norton is one of the great brand ambassadors for e.GO in its mission to transform and reimagine the urban mobility.

With its four-seater passenger car, e.GO Life, and its disruptive production platform, Next.e.GO Mobile SE offers one of the most sustainable electric cars.

“We are very pleased with the success of the Series B funding and more so with the quality and impact of our great investors, who have joined the Next.e.GO journey in driving the transformation of carbon-free urban mobility and offering true life-cycle sustainability” says Ali Vezvaei, CEO of nd Group B.V. and Member of the Board of Directors at Next.e.GO Mobile SE.

The production of the e.GO Life at Plant 1 in Aachen, Germany, is scheduled for June 2021, making Next.e.GO one of the only Western independent BEV manufacturers that commences production this year. In parallel, the company is working closely with suppliers of electronics and plastic components to ensure timely progress on all fronts. Employees will be gradually brought out of short-time working. Production will initially focus on a special limited edition e.GO Life NEXT, celebrating this major milestone in the company's journey. Only available to the first 1,000 customers, the limited edition is priced at € 22.990 including VAT, after manufacturer's environmental bonus.

“We are very grateful for the continued enthusiasm, commitment and patience of our customers and fans and are equally happy to finally be able to accept their orders” says Professor Günther Schuh, founder and Chairman of the Administrative Board at Next.e.GO Mobile SE.

The special edition e.GO Life NEXT will be delivered to customers as early as July 2021 onwards.

Copyright ® – Next.e.GO Mobile SE

Next.e.GO Mobile SE

Next.e.GO Mobile SE, headquartered in Aachen, is a manufacturer of electric vehicles and sustainable mobility systems. On the RWTH Aachen Campus, 400 employees of Next.e.GO Mobile SE use the unique network of science and business with 420 technology companies as well as a comprehensive research infrastructure. Agile teams are working on various cost-effective and particularly durable electric vehicles for short-distance traffic.

ND Group B.V.

nd Group B.V. is a Private Equity and Holding company, headquartered in the Netherlands. Founded in 2008, the firm is primarily focused on EV, Alternative Energy, Fintech, HealthTech, Industrial assets and real estate.

Contact:

Next.e.GO Mobile SE

Public Relations
Campus-Boulevard 30
52074 Aachen       
T +49 241 47574-227  
[email protected]

ND Group B.V.

Public Relations
Flight Forum 880
5657 DV Eindhoven,
The Netherlands
Phone: +31 40 30 40 50 1
[email protected]

Photo: https://mma.prnewswire.com/media/1444706/e_GO_Life_Next.jpg

Continue Reading

News

Admitad acquires Tapfiliate, the Netherlands-based affiliate marketing SaaS-platform

gbafNews28

HEILBRONN, Germany, Feb. 25, 2021 /PRNewswire/ — Late January, Admitad acquired Tapfiliate, the Dutch subscription-based Saas-platform where advertisers can manage their affiliate programs on their own. The details of the deal are not disclosed, however it was announced that Tapfiliate will keep its brand and management.

Admitad CEO & Founder Alexander Bachmann, said, “By buying Tapfiliate, Admitad aims to increase its micro B2B penetration, as well as acquire another 1500 active clients for our core business, the Affiliate Network. What is more, thanks to such collaborations the entrance to affiliate marketing gets more available and open. We are glad to welcome Thomas and his team to Admitad and look forward to our fruitful cooperation.”

Tapfiliate was founded in 2014 as a SaaS-platform where brands could develop their affiliate campaigns on their own accord — choose their publishers, verify orders and make payments. This model has proved to be efficient and allowed the company to keep growing even under the COVID crisis, increasing its number of active customers by 33% in 2020. The company is HQ'd in Amsterdam, and relies heavily on the american market — almost half of the company's clients come from the US.

Tapfiliate CEO Thomas van der Kleij said, “I believe this acquisition is going to be great both for Tapfiliate users and Admitad. By accessing new publishers we will be able to increase clients' lifetime value,in addition to Admitad tracking opening new doors to the Enterprises and giving us an upper hand in the US market and other countries of Admitad presence. We also count on Admitad's marketing resources becoming a powerful boost for Tapfiliate.”

About Admitad

Admitad provides multiple services for driving sales and earning money online. It is now home to Admitad Affiliate Network and multiple tools for traffic monetization, as well as to Advertiser Marketplace, LetyShops cashback provider, GetUniq ad management system and many other business units.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/admitad-acquires-tapfiliate-the-netherlands-based-affiliate-marketing-saas-platform-301235331.html

SOURCE Admitad

Continue Reading

News

Ping An Announces the Closing of Global Mezzanine Fund

gbafNews28

HONG KONG and SHANGHAI, Feb. 25, 2021 /PRNewswire/ — Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEX: 2318; SSE: 601318) is pleased to announce that its main offshore investment and asset management platform, China Ping An Insurance Overseas (Holdings) Limited (PAOH), has closed the Ping An Global Mezzanine Fund.

The Ping An Global Mezzanine Fund raised USD307 million from clients' commitments and a credit facility provided by Goldman Sachs. Ping An Overseas Holdings is also an investor in the fund.

The Mezzanine Fund's investments will focus on private corporate debts such as mezzanine and unitranche loans in overseas markets. It provides its limited partners the opportunity to invest alongside Ping An in a strong institutional asset class. The fund's investment strategy builds on Ping An's more than 10 years of successful private debt investment in China and overseas.

Mr. Hoi Tung, Chairman & CEO of Ping An Overseas Holdings, said: “Despite the uncertainties in current global economic outlook, the closing of our new Mezzanine Fund is one more example of how PAOH strives to offer investment opportunities with compelling risk-adjusted returns to our investment partners. We are proud and grateful to our investors for their continuing trust in our Mezzanine Fund and we look forward to launching more products and services that meet global institutional investor demands.”

Mr. Bruce Pan, Managing Director and Head of Private Debt at Ping An Overseas Holdings, said: “The Mezzanine Fund provides investors with an investment opportunity in an asset class that is otherwise only accessible to large institutions. The interests of investors and Ping An are aligned as Ping An is also a significant investor in the Mezzanine Fund. By working with top tier private credit investment managers around the globe, we will find attractive opportunities to invest in companies that have strong cash flow and identified growth paths. The Mezzanine Fund aims to achieve solid returns and stable cash coupons for its investors.”

About Ping An Group

Ping An Insurance (Group) Company of China, Ltd. (“Ping An“) is a world-leading technology-powered retail financial services group. With over 218 million retail customers and 598 million Internet users, Ping An is one of the largest financial services companies in the world. Ping An focuses on two over-arching domains of activity, “pan financial assets” and “pan health care”, covering the provision of financial and health care services through our integrated financial services platform and our ecosystems; in financial services, health care, auto services and smart city services. Our “finance + technology” and “finance + ecosystem” transformation strategies aim to provide customers and internet users with innovative and simple products and services using technology. As China's first joint stock insurance company, Ping An is committed to upholding the highest standards of corporate reporting and corporate governance. The Group is listed on the stock exchanges in Hong Kong and Shanghai. In 2020, Ping An ranked 7th in the Forbes Global 2000 list and ranked 21st in the Fortune Global 500 list. Ping An also ranked 38th in the 2020 WPP Kantar Millward Brown BrandZTM Top 100 Most Valuable Global Brands list.

For more information, please visit www.group.pingan.com, and follow us on LinkedIn – PING AN.

About Ping An Overseas Holdings

China Ping An Insurance Overseas (Holdings) Limited (“PAOH”) is a direct wholly-owned subsidiary of Ping An Insurance (Group) Company of China, Ltd. (“Ping An Group”) (2318.HK). PAOH, together with its subsidiaries, acts as the overseas investments and asset management platform of the Ping An Group. We have strong offshore investment research and portfolio management capabilities and are committed to providing clients with a wide range of overseas investment products, asset management and consulting services. We offer capital markets investment services including open-/closed-end funds, ETFs and mandates in equity, fixed income, funds of hedge funds, and AI and quantitative investments, and alternative investment services including funds, co-investments and direct investments in global (mainly US and Europe) private equity, private debt, infrastructure and real estate.

Cision View original content:http://www.prnewswire.com/news-releases/ping-an-announces-the-closing-of-global-mezzanine-fund-301235328.html

SOURCE Ping An Insurance (Group) Company of China, Ltd.

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call for Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Latest Posts

gbafNews28 gbafNews28
News31 mins ago

Paso Robles Propane Company Announces Online Bill Paying and Account Management

PASO ROBLES, Calif., Feb. 25, 2021 /PRNewswire-PRWeb/ — Wildhorse Propane and Appliances, the propane provider for Paso Robles and Central...

gbafNews28 gbafNews28
News31 mins ago

Pomerantz Law Firm Announces the Filing of a Class Action against FuboTV, Inc. and Certain Officers – FUBO

NEW YORK, Feb. 25, 2021 /PRNewswire/ — Pomerantz LLP announces that a class action lawsuit has been filed against FuboTV, Inc....

gbafNews28 gbafNews28
News31 mins ago

Credorax Awarded Human Resources Quality Mark by FHRD for Excellence in HR Practices

Prestigious award recognizes the professionalism, competence and contribution of Credorax's HR practices and operations VALLETTA, Malta, Feb. 25, 2021 /PRNewswire/...

gbafNews28 gbafNews28
News31 mins ago

Billhighway's Innovative Team Member Programs Gain National Attention

TROY, Mich., Feb. 25, 2021 /PRNewswire-PRWeb/ — Billhighway, a leader in financial solutions designed for component-based organizations, shines as one of...

gbafNews28 gbafNews28
News31 mins ago

Atascadero insurance agent launches 'Quotes for Good' benefitting ALF Food Pantry

ATASCADERO, Calif., Feb. 25, 2021 /PRNewswire-PRWeb/ — The John Donovan State Farm Insurance Agency in Atascadero is launching a “Quotes...

gbafNews28 gbafNews28
News31 mins ago

HashCash Consultants Gearing for a Digital Mining Venture

PALO ALTO, Calif., Feb. 25, 2021 /PRNewswire-PRWeb/ — US-based blockchain development company considers a digital mining venture. It intends to involve...

gbafNews28 gbafNews28
News31 mins ago

Announcing Krypt Ascend – Live Virtual Supply Chain & Global Trade Event, March 10-11, 2021

AMSTERDAM, Feb. 25, 2021 /PRNewswire/ — Krypt is proud to announce the second annual Krypt Ascend Europe event on 10-11...

gbafNews28 gbafNews28
News31 mins ago

Youdao Reports Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results

HANGZHOU, China, Feb. 25, 2021 /PRNewswire/ — Youdao, Inc. (“Youdao” or the “Company”) (NYSE: DAO), a leading intelligent learning company...

gbafNews28 gbafNews28
News31 mins ago

NetEase Reports Fourth Quarter and Fiscal Year 2020 Unaudited Financial Results

BEIJING, Feb. 25, 2021 /PRNewswire/ — NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, “NetEase” or the “Company”), one of China's...

gbafNews28 gbafNews28
News31 mins ago

UnionPay International continues to expand its acceptance network in Russia, starting cooperation with Credit Europe Bank (Russia)

MOSCOW, Feb. 25, 2021 /PRNewswire/ — UnionPay International (UPI) announces the beginning of cooperation with Credit Europe Bank. This step...