News Archives - Page 10 of 18

MondayJun 17, 2024 1:10 pm

Web3MediaBreaks – Upstream Article Talks T+2 to T+1 Settlement Cycle, Notes Introduction of T+0 Settlement

Upstream, a MERJ Exchange stock market and global trading app, is discussing the transition to a T+1 settlement cycle for securities trading by NASDAQ and other U.S. capital markets, which means that trades of stocks, exchange-traded funds (“ETFs”), corporate bonds and other securities now settle in one business day instead of two. The article noted that “T+1” stands for “trade-day-plus-one-business-day” with trade settlement defined as the exchange of cash and securities between a buyer and seller after a trade is executed. According to the most recent Upstream article, despite U.S. capital markets transitioning to T+1, global markets lack a standard settlement…

TuesdayJun 11, 2024 2:13 pm

Web3MediaBreaks – Proof of Talk 2024 Brings Thousands to Paris for Europe’s Largest Web3 Event

Proof of Talk, heralded as the Davos of Web3, has officially begun. According to the announcement, the event, which is organized by venture capital firm XVentures, kicked off yesterday at the historic Museum of Decorative Arts in the Louvre Palace. The event continues today and is bringing together more than 2,500 participants representing an array of traditional financial institutions as well as decentralization’s thought leaders, investors, CEOs, founders and exchanges. Europe’s largest Web3 event, Proof of Talk offers an agenda designed for impactful networking and thought-provoking discussions. Speakers and presenters include Dr. Saifedean Ammous, author and founder; Jenny Johnson, CEO of Franklin…

MondayJun 03, 2024 3:55 pm

Web3MediaBreaks – Upstream Now Accepting Ether, Bitcoin Applications for ETFs to List

Upstream, a MERJ Exchange stock market and global trading app, is accepting applications for both Ether and Bitcoin Exchange-Traded Funds (“ETFs”) to list. This move comes after the U.S. Securities and Exchange Commission (“SEC”) approved the first eight applications for spot Ether ETFs, marking a significant milestone in the crypto and greater blockchain community as well as recognizing growing demand for exposure to cryptocurrencies in mainstream financial markets. According to the article, the approval implies that Ether, like Bitcoin, is a commodity. The SEC approved the following ETFs: Blackrock’s iShares Ethereum Trust, VanEck Ethereum Trust, Fidelity Ethereum Fund, ARK 21Shares Ethereum ETF,…

WednesdayMay 29, 2024 2:56 pm

Web3MediaBreaks – Hello Group Inc. (NASDAQ: MOMO) Faces Revenue Decline but Stock Surges

Hello Group (NASDAQ: MOMO), a key player in China’s bustling online social networking scene, recently shared its financial performance for the first quarter of 2024. The company, known for its innovative platforms that connect millions across mainland China, faced a downturn in its revenue, reporting a 9.2% decrease year over year. This dip in net revenues, which totaled about 2.56 billion RMB (approximately $354.6 million), highlights the intense competition and challenges Hello Group is navigating in its sector. Despite the decline in revenue, MOMO’s stock experienced a notable uptick, surging by 10.85% to $5.365. This increase is significant, especially considering the stock’s performance over…

TuesdayMay 28, 2024 2:40 pm

Web3MediaBreaks – GivBux Inc. (GBUX) Releases Outline of Near-Term Goals, Objectives for Expansion and Super App Enhancements

GivBux (OTC: GBUX), a publicly traded Super App and charitable giving platform, is releasing a six-month outline of the company’s near-term goals and plans. Included on the list is to become fully compliant with SEC and OTC markets, to expand and enhance the usability features of the Super App for GivBux local merchants and charities, and to launch an extensive online marketing campaign. In addition, the company plans to release version 2.0 of the GivBux Super App, which will feature technological enhancements such as cloud biometrics, augmented reality, updated voice/video/chat features, enhanced social media capability, real-time crypto exchange and integration of the GBX…

MondayMay 20, 2024 12:20 pm

Web3MediaBreaks – Upstream Shares Insight on Attracting Retail Investors During and Beyond Dual Listing

Upstream, a MERJ Exchange market and trading app, recently published a blog article written by Fernanda De La Torre. On the heels of exploring the intricate process of dual listing on Upstream, the piece pivots focus to the crucial aspect of attracting retail investors during and beyond the dual listing process. “Recognizing the significance of engaging retail investors effectively, Upstream provides a suite of tools and resources to support issuers in their retail investor engagement efforts. Our comprehensive dual listing guide equips issuers with press release templates, social media content and email copy, amplifying the visibility surrounding their offering,” the…

MondayMay 20, 2024 11:54 am

Web3MediaBreaks – NextPlat Corp’s (NASDAQ: NXPL) GTC Begins Sales of SpaceX’s Starlink as Authorized Reseller

NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, today announced that its subsidiary, Global Telesat Communications Ltd (“GTC”), through a new joint venture agreement with Pivotel Solutions Inc. (dba “Pulsar”) is now a global authorized reseller of SpaceX’s Starlink satellite-based connectivity products. Under the agreement as as an approved reseller, GTC will immediately begin offering Starlink connectivity services in the U.K. and other international markets serving mobile and maritime-based customers. Pulsar will provide GTC back-end systems support services on behalf of its new Starlink customers. “We are pleased to collaborate with Pulsar to begin offering SpaceX’s revolutionary Starlink, LEO-satellite based…

WednesdayMay 15, 2024 1:37 pm

Web3MediaBreaks – NextPlat Corp (NASDAQ: NXPL) Announces Record Consolidated Q1 2024 Revenues, Improved Quarterly Margins

NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, today announced record financial results for the first fiscal quarter ended March 31, 2024, which includes the consolidation of the operations of its e-commerce business with the results of its healthcare operations, Progressive Care Inc. (OTCQB: RXMD). “First quarter results continued to demonstrate the fundamental strength of NextPlat’s focus on the large healthcare services and global e-commerce technology markets and further demonstrates our team execution against its global growth plans,” said Charles M. Fernandez, executive chairman and CEO of NextPlat Corp. “Throughout the remainder of 2024, we are committed to maximizing and…

MondayMay 13, 2024 12:45 pm

Web3MediaBreaks – DealFlow Event Names IBN as Official Media Partner for Upcoming Reg A and Crowdfunding Conference 2024

DealFlow Events is partnering with IBN, a cutting-edge corporate communications and content distribution company with more than 60 investor-facing brands, for its fifth annual Reg A and Crowdfunding Conference. According to the announcement, IBN has been selected as the official media partner for the evet. The conference is expected to be the world’s largest gathering of dealmakers and other online investment platforms that specialize in raising capital through the Regulation A and crowdfunding mechanisms; representatives from companies interested in raising capital using Regulation A, Regulation CF and crowdfunding investments will also be attending. The agenda for the event features sessions…

MondayMay 13, 2024 11:03 am

Web3MediaBreaks – Upstream Delves into Streamlined Process for Dual Listing

Upstream, a MERJ Exchange market and trading app, recently published a blog article written by Anastasia Samaras. The piece reiterates the cost-effective solution for issuers to maintain current exchange listing requirements on a primary exchange and dual listing on Upstream without additional regulatory filings. “We allow international shareholders to deposit their shares with ease and allow for international buyers to purchase your company shares directly from the Upstream trading app,” the blog article reads. “As we continue to kick off our 2024 dual listing program, U.S. issuers can dual list for just $10,000 and international issuers can dual list for…

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