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PR Newswire

Propzy Raises $25M Fund from Gaw Capital and Softbank Ventures Asia

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HO CHI MINH CITY, Vietnam, June 10, 2020 /PRNewswire/ — Propzy, a full-stack real estate platform based in Vietnam, has raised $25 million in a Series A round of funding led by Gaw Capital and Softbank Ventures, along with new and existing investors, Next Billion Ventures, RHL Ventures Breeze, FEBE Ventures, RSquare, and Insignia. 

Propzy
Propzy

With the investment, Propzy commits to simplifying real estate transactions, from beginning to end, and managing the assets or logistics to streamline the entire real estate lifecycle, such as leasing and purchasing of landed houses and high-rise condos.

The company will also continue its expansion into leasing services by leveraging the online to offline capabilities of its platform, which has recorded 50% month-over-month growth.

 As the only “firetech” (financial, insurance and real estate technology) company in Vietnam, the company pioneered the hybrid online to offline model that offers a full-stack real estate platform.

“Propzy is an example of the many macroeconomic successes in Vietnam. With its innovative breakthrough in real estate’s offline to online business models, we see the immense potential of Propzy to skyrocket,” said Gaw Capital’s Managing Partner, Humbert Pang.

Vietnam has emerged as a thriving real estate market in Southeast Asia. Despite the global crisis and coronavirus pandemic, Vietnam has reached its target of over 5% GDP growth in 2020. 

Despite this, however, the real estate industry still lags in terms of its adoption of new technology. 

“Sellers see uncovering buyers needs as a headache that slows the buying process. Therefore, we invited a group of world-class investors to provide an advanced solution. With the largest number of estate agents in Vietnam – around 400 sales staff operating in 30 locations – we have facilitated over $1 billion in property transactions since inception and anticipate another record-setting year of growth, as we continue to expand,” said Founder and CEO of Propzy, John Le.

Vietnam’s robust economy is one of the fastest-growing in Southeast Asia. Research by the World Bank found that 70% of Vietnam’s population is considered economically secure. Propzy is now well-positioned to scale its market leadership to 70 centers and 1,300 advisors nationwide over the next 18 months.

“The security that the Vietnamese economy offers to property investors and homebuyers is ideal for Propzy to thrive. We are excited to support the company in its mission to enable a 10X consumer experience in real estate,” said Daniel Kang, Senior Partner of SoftBank Ventures Asia.

About Propzy

Founded in 2016 by Mr. John Le, Propzy is a full-stack real estate platform and integrated marketplace offering open house, closing-settlement services, and turn-key mortgage financing. The founder is a multiple exit serial entrepreneur behind numerous leading fintech companies, including LoanTrader and Portellus, with blue-chip investment from Goldman Sachs, CitiGroup, GE Capital, Zurich, FBR Capital and IAC.

About SoftBank Ventures Asia

Founded in 2000, SoftBank Ventures Asia is the early-stage venture arm of SoftBank Group. Their expertise lies in ICT investments including AI, IoT, and smart robotics. They look for early to growth-stage startups that have strong business potential in the global market and assist them to be plugged into the SoftBank ecosystem by facilitating side-by-side growth.

About Gaw Capital Partners

Gaw Capital Partners is private equity fund management company that focusing on real estate markets in greater China and other high barrier-to-entry markets globally. Specializing in adding strategic value to under-utilized real estate, the firm’s investments span the entire spectrum of real estate sectors, including residential development, offices, retail malls, hospitality and logistics warehouses.

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PR Newswire

Mercurity Fintech Holding Inc. Announced Appointment of Independent Director

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BEIJING, June 9, 2020 /PRNewswire/ — Mercurity Fintech Holding Inc. (the “Company” or “MFH”) (Nasdaq: MFH) today announced that Mr. Paul L. Gillis has been appointed as independent director to the Company’s board of directors (the “Board”), effective June 8, 2020. Mr. Paul L. Gillis will serve as the chairperson of the Board’s audit committee and audit committee financial expert.

Mr. Paul L. Gillis has served as a professor of accounting at Peking University Guanghua School of Management since 2007 and served as a co-director of International MBA program from 2011 to 2019. Since 2012, he has also served as a current affairs commentator at China Global Television Network, an international English-language news channel, and China Radio International, an international radio broadcaster. Mr. Paul L. Gillis is widely recognized by magazines such as The Accountant and International Financial Law Review as a leading expert in financial accounting, and has amassed substantial experience in the accounting industry. In 2004, he retired as a partner of PricewaterhouseCoopers following a 28-year career in the United States, Singapore and China. From 2011 to 2013, Mr. Paul L. Gillis served as member of Standing Advisory Group of the Public Company Accounting Oversight Board. From 2009 to 2012, he also served as an independent director and chairman of audit committee at Pansoft Company Limited (Nasdaq: PSOF). Mr. Paul L. Gillis received his bachelor’s degree in accounting from Western Colorado University in 1975, his master’s degree in accounting from Colorado State University in 1976, his master’s degree in intercultural studies from Fuller Theological Seminary in 2007 and his Ph.D. degree in accounting from Macquarie Graduate School of Management in 2011.

Ms. Hua Zhou, Chairperson of the Board and Chief Executive Officer, commented, “We are pleased to welcome Mr. Gillis to join the Board. His senior management and board level background, coupled with his extensive experience in accounting and finance, will be invaluable to us as we continue with our efforts to increase our customer base in the fintech sector as well as to further enhance our board independence, internal control and the quality of our financial reporting. We are fortunate to be able to call on the talent and experience of Mr. Gillis.”

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend, ” “ought to, ” “plan, ” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact:

Xingyan Gao
Mercurity Fintech Holding Inc.
ir@mercurity.com
Tel: +86 (10) 5360 6428

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Source: Mercurity Fintech Holding Inc.

PR Newswire

TradeUP offers users free level 2 market data powered by NYSE ArcaBook

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NEW YORK, June 5, 2020 /PRNewswire/ — Zero-commission investing platform TradeUP announced today that it is offering Level 2 market data powered by NYSE ArcaBook for free. Users who open an account with TradeUP will receive free access to NYSE ArcaBook for 3 months. Users can get free access to NYSE ArcaBook for an additional 9 months if they can get 5 likes on their social media post.

Unlike Level 1 data, which shows the best bid and ask, Level 2 data provides a broader range of buy and sell orders for a given security on a real-time basis. NYSE ArcaBook provides the 40 best bid and ask prices as well as their order sizes for more than 8,000 U.S.-listed securities. The continuous feed of quotes gives users detailed insights into the price action, which can help them better determine the current buying and selling interest for a particular stock, as well as the likely future direction of the stock’s price. For easier comprehension, TradeUP also includes a depth chart to visualize the order book so that users can identify supply and demand at a glance.

“With NYSE ArcaBook, TradeUP’s users are able to gain a clearer view of market activity,” said Ryan Song, director of TradeUP. “By displaying multiple bids and asks in real-time, Level 2 screens allow investors, especially active traders, to gauge trade signals with intraday pricing and volume. For instance, investors can have a better sense of market liquidity by looking at how quickly buy and sell orders replenish. “

Song added, “Level 2 market data is often offered as a premium subscription service by other ‘zero-commission’ trading platforms, which means users still have to pay for access. TradeUP, on the other hand, makes this free to average U.S. retail investors. At TradeUP, zero-commission does not mean fewer product or service offerings. Instead, our goal is to utterly remove the last remaining barriers to investing for everyone.”

Launched in January 2020, TradeUP is a fintech-powered investing platform that quickly drew the attention of young investors due to its intuitive and sleek design. According to Song, TradeUP also plans to upgrade its data provision to provide extra depth to users. Users may access additional, in-depth information and features available on TradeUP from the Discover module such as the economic calendar, most active stocks, and customizable alerts.

Commissions Disclosure

Zero-fee or commission-free trading means $0 commission trading on self-directed individual cash or margin brokerage accounts that trade U.S. exchange-listed stocks and ETFs online. A $0.65 per contract fee applies to options trades. TradeUP also charges commission on Hong Kong stock trading. For more information, see our full pricing details: https://www.itradeup.com/pricing/commissions-us

Brokerage services in TradeUP are offered by Marsco Investment Corporation. Download TradeUP in the Apple App Store or Google Play for free. For more information, please visit TradeUP’s website: https://www.itradeup.com/

About Marsco Investment Corporation

Marsco Investment Corporation is a registered brokerage firm at SEC (CRD:18483; SEC: 8-36754), a member of FINRA/SIPC and a member of DTC/NSCC, regulated by the US Securities and Exchange Commission and Financial Industry Regulatory Authority.

Risk Disclosure:

All investments involve risk, including possible loss of principal. Past performance of a security, market, or financial product does not guarantee future results. Electronic trading poses unique risks to investors. System response and access times may vary due to market conditions, system performance, and other factors. Market volatility, volume, and system availability may delay account access and trade executions. The contents of this article shall not be considered a recommendation or solicitation for the purchase or sale of securities, futures or other investment products.

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PR Newswire

IBM Services Collaborates with Lotte Card to Adopt A Hybrid Cloud Strategy To Help Transform Core Financial Accounting Systems

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Lotte Card to Modernize Core Functions with IBM Cloud to Help Drive Innovative Services for Cardholders

ARMONK, New York, June 4, 2020 /PRNewswire/ — IBM (NYSE: IBM) announced today that the Korean credit card company, Lotte Card, which services a wide network of retailers including department stores, hypermarkets and cinemas, is collaborating with IBM Services to transition its entire enterprise system, including mission critical and core financial accounting systems, to a hybrid cloud environment. By using cloud native technology from IBM and Red Hat Openshift to migrate its core business applications to a managed private cloud, Lotte Card aims to achieve greater visibility, scalability, security and speed while reducing costs, risk and complexity to its IT infrastructure so it can deliver innovative services to its clients.

Lotte Card to Modernize Core Functions with IBM Cloud to Help Drive Innovative Services for Cardholders
Lotte Card to Modernize Core Functions with IBM Cloud to Help Drive Innovative Services for Cardholders

With several economic, demographic, regulatory and technological factors in play, the Cards & Payments industry is witnessing rapid innovation across the value chain. Additionally, today’s tech-savvy consumers are using various payment options like simple payment service. To meet the need for innovation with speed, as well as deliver applications and services with minimal cost and risk, Lotte Card plans to leverage open, hybrid cloud technologies from IBM and Red Hat to introduce a diverse set of new digital services for its Korean customer base.

With its hybrid cloud strategy, Lotte Card plans to deliver new technologies to support customer service, such as the expansion of the Lotte Card LIFE application that offers a super-personalized service and gives its mobile users a 360-degree purview of all the Group’s best benefits and services in one platform. The flexibility of using cloud technologies over a traditional IT infrastructure, can allow Lotte Card to respond with greater agility to rapidly changing market conditions and competition, to help serve their customers better in near real time.

Lotte Card previously migrated its mobile application to the cloud in order to build a scalable and flexible system foundation that can actively cope within an enterprise grade mobile environment. With this project, Lotte Card experienced very positive results throughout its business, such as improvement of customer satisfaction, and enhanced performance of its mobile apps as well as a reduction in total cost of ownership (TCO). Based on this initial success, Lotte Card decided to work with IBM to adopt a hybrid cloud strategy to migrate and manage its additional enterprise systems, including the account system.

“We look forward to bringing the power of IBM’s hybrid cloud capabilities and financial services industry experience to Lotte Card’s mission-critical infrastructure,” said Archana Vemulapalli, GM IS Offering Strategy, Management and Development, IBM Services. “IBM is intently focused on working with our financial services clients all over the world to help them address critical requirements and enable industry innovation so they can service the public, while addressing the industry standards for regulatory compliance, security and resiliency.”

To power the program with Lotte Card, IBM has introduced DevOps-based agile methodology in order to speed up the development, testing, modification and release of new software or services in the cloud. IBM will also provide Lotte Card with automation tools designed for strong security and efficient system operation.

IBM has the capability and knowledge to provide end-to-end cloud services from cloud consulting, to building, migrating and managing cloud. It also has experience with regulation, security and open innovation provisions.

This agreement was signed during IBM’s Q1, 2020.

Media Contact:

Tricia Vuiton
 Communications, IBM
tavuiton@us.ibm.com 
+1 (914) 765-4980

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PR Newswire

FP Markets Celebrates Its 15 Year Anniversary

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– A milestone that confirms FP Markets as one of the most well-established Forex & CFD brokers in the world. 

SYDNEY, June 1, 2020 /PRNewswire/ — – FP Markets celebrates its 15th anniversary today and to coincide with this momentous milestone announces the launch of its new website with a variety of new look features and functionality.  Regulated since 2005 by the Australian Securities and Investment Commission (ASIC), FP Markets is a globally-renowned company in the industry and the winner of over 40 awards since it was founded.

FP MARKETS CELEBRATES ITS 15 YEAR ANNIVERSARY
FP MARKETS CELEBRATES ITS 15 YEAR ANNIVERSARY

FP Markets offers over 10,000 trading instruments offering traders access to CFDs across Forex, Indices, Commodities, Stocks and Cryptocurrencies, making it one of the largest offerings in the industry and offers 8 platforms including MT4, MT5 & Iress.

Over the past 15 years,  FP Markets has learnt that the combination of consistently tight spreads and fast execution, coupled with  cutting-edge platforms, a wide product range and first-rate customer support are the key ingredients that give serious traders the confidence to trade.

FP Markets was founded in May 2005 and pioneered the Direct Market Access (DMA) Contracts for Difference (CFD) model in Australia which promotes fair and transparent pricing and focuses on the optimum order execution for clients.  FP Markets is still committed to providing DMA pricing for products where a centralized exchange is present For products such as Forex where there is no centralized exchange, FP Markets provides tight Raw Spreads using ECN (Electronic Communication Network) pricing.

Matt Murphie, Managing Director of FP Markets commented: “We are extremely proud to celebrate this momentous milestone which we like to summarise as “15 years of continual innovation”.  We were one of the first companies in the world to offer DMA/ECN pricing and we have always ensured that we have stayed at the forefront of technology and innovation. We provide traders with a wide range of products with some of the tightest spreads available anywhere in the world which has led us to become the default choice for many serious traders.”

“I am delighted to be leading an extraordinarily talented team and look forward to the next chapter as we continue to expand globally.”

A new website reflecting 15 years of technological innovation and evolution

FP Markets’ strong identity, continuous innovations and investment in technology are reflected in the new-look website which complements the recently launched bespoke client portals.

The re-designed website features a clean design and improved functionalities which offer quick and easy access to information about the wide-range of products on offer. There are new sections on Partners plus the Traders Dashboard showing real-time trading sentiment as well as the new trading information resource – Traders Hub which is packed full of the latest data and analysis.

Craig Allison, Head of EMEA at FP Markets added “We are delighted with our new website which provides both functionality and content that informs and educates our traders worldwide. It signifies FP Markets as a forward-thinking company which is always thinking of fresh and innovative ways to look after its customers. Our research tells us that they are looking for fast ways to effectively trade within a premium and safe environment, and we believe that the refreshed website ticks those boxes as well as being a landmark to celebrate our 15th year.”

Notes to Editors

About FP Markets:

  • FP Markets is an Australian Regulated global CFD and Forex provider with more than 15 years of industry experience. 
  • The company’s vision has always been to deliver the ultimate trading destination for clients by combining the best trading conditions, technology, product range, pricing and client services available to those wanting to trade the markets.
  • FP Markets offers highly competitive interbank Forex spreads available from 0.0 pips and leverage up to 500:1.
  • Clients can also trade on-the-go from their mobile devices across several powerful online platforms like MetaTrader 4, MetaTrader 5, WebTrader and IRESS.
  • The company’s outstanding 24/5 multilingual service has been recognised by Investment Trends as home to some of the most content clients in the industry, having been awarded ‘The Highest Overall Client Satisfaction Award,’ five years running from Investment Trends.

For full details of our wide-ranging offering,  please visit  https://www.fpmarkets.com

First Prudential Markets Pty Ltd
Level 5, Exchange House 10 Bridge St Sydney NSW 2000 AUSTRALIA

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PR Newswire

Introducing Apiflex, Apigate’s Partner Bundling Platform for Customer Acquisition and Retention

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KUALA LUMPUR, Malaysia, May 28, 2020 /PRNewswire/ — Apigate, a trusted provider to Telco Operators and Digital Merchants for reach, acquisition and monetisation, today announced the launch of its new dynamic content bundling platform “Apiflex“.

Apigate’s Partner Bundling Platform for Customer Acquisition and Retention
Apigate’s Partner Bundling Platform for Customer Acquisition and Retention

Apiflex enables Digital Merchants and Telco Operators to co-create rich content and service offerings that, together, are more appealing and offer better value to end users and at the same time, tackle the rising cost of digital marketing and sales leaving them to focus on growing and retaining their respective customer base.

Recent analyst reports have shown that Customer Acquisition Cost (CAC) has rocketed nearly 50% over the past five years for both B2B and B2C companies. Notwithstanding other pressures already placed on businesses today, balancing the ever-rising CAC with the monetization of customers has become a key factor for business survival for Digital Merchants. This together with the Telco clients who operate in saturated markets need differentiation to Acquire & Retain their customers. This is where bundling plays a crucial role and Apiflex helps businesses take advantage of this.

Simply put, Apiflex effectively combines two separate offerings into a single offer, providing an attractive bundle to the end consumer. The Bundling Models through the platform offer new and attractive ways for co-marketing, which ultimately lowers the cost of reaching, acquiring and maintaining customers.

Raja Mansukhani, Apigate’s Senior Vice President of APAC, said, “At Apigate, our endeavor has always been to innovate and create products with a ‘Problem to Resolve‘ mindset. Apiflex is one more such offering which helps to create the perfect combination of reduced Cost of Acquisition with higher conversion rates for Digital Merchants and at the same time creates differentiation for our Telco clients to cater for the ever-increasing digital content demand by their end customers. We are excited with the introduction of this new product and hope this delivers significant value to our partners and clients and to their end consumers.”

For more information on Apiflex, please visit https://www.apigate.com/en/platforms/apiflex

About Apigate:

Apigate is a global digital content monetization & messaging ecosystem that enables faster reach for Digital Merchants to get connected to end consumers via Telcos, e-Wallets and other channels with one seamless integration.

Apigate has a reach of approximately 1 billion end consumers with more than 150 connected merchants. Visit our website at www.apigate.com for more details.

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PR Newswire

FinTech Alliance SaaS Solution Marks Change in Korean Finance Market

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SEOUL, South Korea, May 22, 2020 /PRNewswire/ — 12CM (One-two-cee-em), the smart stamp software platform provider and a member company of the Born2Global Centre, has recently inked a collaboration deal with Naver Business Platform (NBP). 12CM has been an active member of the Born2Global Centre since 2018.

FinTech Alliance SaaS Solution Marks Change in Korean Finance Market
FinTech Alliance SaaS Solution Marks Change in Korean Finance Market

NBP is a fully independent subsidiary company of Naver Corporation specializing in cloud IT infrastructure and services (Naver being Korea’s largest search engine as well as operating LINE, the chat service in Japan, Taiwan, and Thailand). The deal will see the Echoss Stamp developer’s Open API and Finance Microservice implemented in a FinTech SaaS solution aimed at financial institutions.

Traditionally, such financial services have required strict security measures making cloud-based service development difficult. The fact that cloud technology makes use of a wide variety of frameworks and open source code means that financial institutions have found adoption of these technologies less than ideal.

That being said, NBP is the first cloud operator in the S. Korean domestic market to receive top marks from the Financial Security Institute for infrastructure security. 12CM itself will be providing its service security level protocols, developed and tested over years of R&D and real-world applications, to this collaborative partnership.

Large financial institutions already offer a variety of remote services, such as mobile apps and over-the-phone consultation. However, moving these to the cloud will allow not only faster implementation of entirely new service channels (such as mobile web apps) but also alliance service channels enabling cooperation. The collaboration between 12CM and NBP is slotted to provide a home in the cloud to accommodate these innovative new services.

“Financial institution’s recent trend of ‘non face-to-face’ service is in a state of constant innovation and like financial institution’s websites, the demand for convenient financial service via diverse cooperation channels is always increasing. NBP and 12CM are planning to provide a secure SaaS solution that emphasizes security and flexibility in financial services to the market as soon as possible,” said Sang Young Han, director of NBP.

Jeong Gyoun Han, 12CM of CEO said, “For our initial loan service model, the whole process including security, identification, Open API integration, as well as certificate submission will be structured as a complete self-service. The SDK itself will also be provided in order for users to customize their own mobile web pages. For a smooth and successful launch, in addition to our alliance with NBP, we have also tapped UniFinTech Corp., a consulting company specialized in mobile commerce and IT.”

It is a fact that there is a global trend of more and more software companies moving onto the cloud, and while doing so adopting more SaaS or other “as a service” business models. This Fintech service alliance in the Korean domestic market marks the next step of mobile evolution in the finance IT industry, and we look forward to what it may mean for the future of Fintech.

For more detailed information on 12CM, visit https://www.12cm.co.kr/.

Media contact
Nicholas Davidson
Account Manager, 12CM
nick@12cmglobal.com

Jina Lee
PR Manager, Born2Global Centre
jlee@born2global.com 

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PR Newswire

UNL, Akoin and Venturerock Team Up to Launch Human Unlimited #tech4good Foundation

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SINGAPORE, May 21, 2020 /PRNewswire/ — Global tech companies UNL, Akoin and Venturerock have teamed up to launch Human Unlimited foundation to use #tech4good and fuel the fight against COVID-19, future pandemics and disasters.

UNL, Akoin and Venturerock Team Up to Launch Human Unlimited #tech4good Foundation
UNL, Akoin and Venturerock Team Up to Launch Human Unlimited #tech4good Foundation

The foundation supports and accelerates initiatives and ventures that leverage technology as a catalyst to transform and elevate human reality within developing regions, starting with Africa, India and Southeast Asia. “Our focus is set on accelerating long-term tech solutions for battling the first, second and third waves of the virus, to bring back balance post COVID-19 and being ready for a fast, universal response when future disasters strike,” says Xander van der Heijden, CEO of UNL.

The human and economic costs of COVID-19 are projected to be most devastating for developing countries which lack the infrastructure to contain the spread and provide health security. In the short term, Human Unlimited is launching the Human Care app and the Human Frequency music relief campaign to empower people in developing countries to protect themselves and their communities.

“People suffering from COVID-19 and other pandemics need an ongoing end-to-end system to aggressively fight these human battles,” said Akon. “We created HUMAN CARE to map those in need of support during these trying times. Our HUMAN FREQUENCY music and awareness platform was built to raise the necessary funds to bring real relief to those directly in need,” – Akon

An estimated 4 billion people globally are unaddressed, making vital services like emergency help inaccessible and patients hard to reach. Powered by UNL’s smart addressing infrastructure, Human Care gives universal addresses to people anywhere to enable access to essential services like emergency and health responses, and navigation to bring people in need to important hubs, such as hospitals and relief centers, faster. The application promotes social responsibility practices through tools for self-identifying and self-monitoring symptoms, and encourages collaboration between people and local governments, contributing to safer public environments.

In future releases, Human Care will be introducing an incentive mechanism to stimulate positive behavior and self-monitoring. Powered by Akon’s Akoin, the application will be rewarding users for contributing their data and insights about new and developing cases, starting with Africa. 

Through Human Care, individuals who have been affected by COVID-19 can self-identify in need, request relief in the form of food, medical supplies and other essentials and get it delivered even to the most remote locations in Africa, India and SEA.

Alongside the application, Human Unlimited is launching the Human Frequency campaign, a rolling series of at-home musical events to unite, invite and heal with the lyrics, beats and melodies of some of the world’s most-recognized musicians and new international artists, led by Akon. Funds raised during the Human Frequency series will go to COVID-19 relief for the ones identified in need via the Human Care app and to support the acceleration of new #tech4good solutions.

Human Unlimited is not doing this alone. The #tech4good foundation has already partnered with global companies, organizations and charities, including HERE Technologies, UN Blockchain Commission, PVBLIC Foundation, WeGiveToCare – Red Cross, Akoin Foundation and the People’s Prize.

About Human Unlimited

Human Unlimited is a #tech4good foundation supporting and accelerating initiatives and ventures that use technology as a catalyst to transform and elevate human reality within developing countries.

Learn more at www.humanunlimited.org

About UNL

UNL is a smart addressing platform that provides any location with a unique, universal location ID. Adding a programmable layer to real-life locations, UNL is building the Internet of Places, serving as an infrastructure for location-based economy. Powering services from ecommerce, delivery to smart city and autonomous solutions. Making any location a point of sale, delivery and payment.

Learn more at https://unl.global

About Akoin

Akoin is a blockchain ecosystem and cryptocurrency designed to fuel rising entrepreneurs in Africa and beyond. Akoin’s mission is to unlock the potential of the world’s largest growing economy by creating revenue-generating opportunities and stimulating innovation, entrepreneurship, economic stability, and growth across Africa and other lean economies.

Learn more at https://www.akoin.io

About Venturerock

Venturerock is a digital venture capital platform and ecosystem of founders, backers and venture builders. Venturerock has designed a new investment protocol – eliminating the middleman and delivering added value throughout the venture’s lifecycle.

Learn more at https://venturerock.com

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PR Newswire

Huobi Rebrands its Derivatives Exchange as Crypto Derivatives Surge in Popularity

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SINGAPORE, May 17, 2020 /PRNewswire/ — Huobi DM, the digital asset derivatives exchange of Huobi Group, was rebranded to Huobi Futures has amid a surge in demand for crypto derivative products, announced by Ciara Sun, the spokesperson and the Head of Huobi Global Business. The new name underscores the evolution of the crypto derivatives market from a nascent industry to one burgeoning with new interest from both institutional and retail investors. 

Driven in part by recent speculation around Bitcoin’s third halving, the current macroeconomic environment, and as more sophisticated investors enter a maturing market, Huobi Futures become one of the most lucrative business units of Huobi Group. According to the data released by TokenInsight, last quarter, total derivatives market trading volume on Huobi Futures reached $438 billion, accounting for 22% of the total market trading volume. While institutional traders were major contributors to the recent growth, there was also a substantial uptick in activity from retail traders. 

Huobi Futures has also gained significant traction for a relatively new derivative product, coin-margined perpetual contracts, which it only launched in late March—years behind the biggest competitor in the space. Despite the late entry into coin-margined swaps, Huobi Futures has already topped the market in cumulative trading volume. On May 12, the total 24h coin-margin perpetual trading volume on Huobi Futures exceeded $5.46 billion, outperforming its closest competitor. 

“The last few quarters have been particularly exciting for the crypto derivatives market, but I’m more excited that the increased activity we’re seeing today may be a catalyst for widespread crypto adoption,” said Ciara. “Rising demand for crypto derivatives from both institutional and retail user bases signifies growing acceptance of digital assets and a maturing market, so we’re positioning Huobi Futures to bridge the gap towards traditional financial markets.”

With the rebrand, Huobi aims to make its derivatives exchange more approachable for new traders entering the crypto derivatives market. By appealing to a wider audience, Huobi Futures plans to continue on its current growth trajectory as it develops innovative new derivative products and broadens its user base. 

The rebrand was first unveiled during a Consensus: Distributed session titled ‘Crypto Evolution In a BTC Halving Year,’ which was hosted by Huobi and joined by guest panelists from institutional blockchain firms like Pantera, Dragonfly, and Multicoin. Speaking during the session, Sun stated, “While a name change is nothing too monumental, for us it represents an acknowledgement of the changing times we have seen in the cryptocurrency trading space.” 

About Huobi Group

Consisting of numerous upstream and downstream enterprises, Huobi Group is a leading global blockchain company. Established by Leon Li in 2013, the company’s Huobi Global exchange accumulative turnover exceeds US $3 trillion. Huobi proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 170+ countries.

Contact: Hailan Jia, jiahailan@huobi.com  

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FP Markets Rated by Investment Trends as the Best for Quality of Trade Execution 2019

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SYDNEY, May 14, 2020 /PRNewswire/ — FP Markets has been rated as the forex & CFD broker with the “Best for Quality of Trade Execution 2019” in the recently published Investment Trends 2019 Australia Leverage Trading Report. 

FP Markets rated as Best for Quality of Trade Execution
FP Markets rated as Best for Quality of Trade Execution

The prestigious accolade came from the Investment Trends 2019 Australia Leverage Trading Report which was based on a broad survey of more than 10,000 investors and traders conducted in November and December 2019. The respondents came from the Investment Trends panel, media houses, online brokers and clients of leverage trading providers.

Investment Trends is a privately owned financial services industry research company based in Sydney, Australia that develops and delivers independent, deep insights research on the behaviours, buying preferences and future needs of investors and intermediaries for the financial services companies that serve them across Australia, Singapore, Hong Kong SAR, France, Germany, Spain, the UK and the USA.

As a well-renowned company in the industry and the winner of over 40 awards since it was founded in 2005, FP Markets has learnt that the combination of consistently tight spreads and fast execution, coupled with  cutting-edge platforms, a wide product range and first-rate customer support are the key ingredients that give serious traders the confidence to trade.

Matt Murphie, Managing Director of FP Markets commented: “We are delighted  to be rated as the Best for Quality of Trade Execution 2019 by Investment Trends.  The dedicated team at FP Markets work tirelessly to offer clients an unparalleled trading experience by providing consistently tighter spreads and the best in trade execution and it is pleasing to see the hard work recognised by industry experts.”

FP Markets offers over 10,000 trading instruments offering traders access to CFDs across across Forex, Indices, Commodities, Stocks and Cryptocurrencies, making it one of the largest offerings in the industry and the convenience of being able to trade CFDs from one account is why so many traders are opting to trade with FP Markets. 

Notes to Editors

About FP Markets:

  • FP Markets is an Australian Regulated global CFD and Forex provider with more than 15 years of industry experience.
  • The company’s vision has always been to deliver the ultimate trading destination for clients by combining the best trading conditions, technology, product range, pricing and client services available to those wanting to trade the markets.
  • FP Markets offers the tightest interbank Forex spreads available from 0.0 pips and leverage up to 500:1.
  • Clients can also trade on-the-go from their mobile devices across several powerful online platforms like MetaTrader 4, MetaTrader 5, WebTrader and IRESS.
  • The company’s outstanding 24/5 multilingual service has been recognised by Investment Trends as home to some of the most content clients in the industry, having been awarded ‘The Highest Overall Client Satisfaction Award,’ five years running.

For full details of our wide-ranging offering,  please visit  https://www.fpmarkets.com

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