Exfunds.com – asset management platform which offers you incredible ROI 6059

Exfunds.com

We would like to introduce you to the exfunds.com Asset Management platform which offers you incredible ROI in 2 investment plans. Exfunds.com have 2 investment plans to choose from: EX START (investment range $10 – $9999.99) and EX PRO (investment range $10000 – $250000).

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It is a professionally prepared platform, artistry design working on the popular GC script, fully adding a lot of functionality and readability to it. You can see a professional base of web-developers and graphic designers, but above all a professional approach to the money entrusted by investors. There is no fear that someone will run away with your money for a deposit of 30k or 60k USD … or more. Such professional teams just never do it, as can be seen from the payout scale after a few days of operation. Summing up, we see everything that is done as it should be by a professional legend: unique design, unique programming solutions, efficient cryptocurrency deposit wallets (remaining at the sole disposal of the company, without the participation of third parties), we can see the content of the page that was written, not copied from others. You can also see professional hosting on a dedicated server, with one of the best protection against DDOS attacks and other attacks, secure SSL encryption, a unique masked IP address.

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ZK International’s Subsidiary, xSigma Corporation, Completes its Smart Contract on the Heels of Bitcoin Hitting a High of $26,700 7887

ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN”, “ZK International” or the “Company”), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, is pleased to announce that xSigma Corporation, a wholly owned subsidiary of the Company, has completed the smart contract development of xSigma’s DeFi platform. This marks an important milestone for xSigma as it systematically builds out the ecosystem of the xSigma DeFi protocol.

xSigma’s smart contract has been completed and is undergoing a technology software audit, which is the last step for xSigma before it releases the project. The technology audit of the software is being conducted as good practice to ensure the safety of funds and the system in general. xSigma will offer enhanced rewards for early liquidity providers, who join in the first weeks after the launch. (Learn more about xSigma DeFi project on: https://xsigma.fi and Telegram: https://t.me/xsigma_global)

This is just the beginning of xSigma creating a new future, and it is a crucial step in building the xSigma ecosystem. The xSigma team is working on finalizing the white paper and all the technical details are to be released in the near future. As Bitcoin and other cryptocurrencies continue to gain momentum and hit all-time highs, which currently has a total market cap of $688.3 billion, xSigma management team believes that the top team of xSigma, support from a NASDAQ listed company, and a DeFi protocol which aims to be first in class, are significant characteristics which should elevate and differentiate xSigma from the other DeFi platforms.

The xSigma DeFi protocol has received a significant initial interest, in a short period as it has already gathered over 5,000 members in its communities and has collected thousands of subscriptions on its waitlist. In addition, xSigma has secured commitments from individuals and institutional liquidity providers which is important for a successful launch.

Mr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International, stated, “as Bitcoin and other cryptocurrencies continue to gain momentum, so does xSigma. xSigma continues to build its ecosystem, and it continues to gain a positive response from the blockchain community for its DeFi protocol. Currently, over $9 billion is locked in just five Defi projects according to DeFi Pulse and the aim of xSigma Protocol is to reach the top 5 by the value locked list in 2021. Having former Google, Amazon, 1inch and Ripple engineers on the team, xSigma is well positioned to join the list of the biggest blockchain projects in the future.”

Bloccelerate VC Closes Fund I 7835

Bloccelerate VC, a Seattle-based VC firm focused on early-stage investments in blockchain technology startups, closed a $12M Fund I to support the enterprise and institutional adoption of blockchain. The Bloccelerate VC fund is actively investing in blockchain-powered applications that enable trustless automation of business processes within trillion-dollar industries — such as trade finance, financial services, and supply chain. The fund has already deployed capital into 5 companies, including Blockapps, Symbiont, MakerDAO.

Over the next 2-3 years, Bloccelerate will deploy capital into 10-15 emerging winners in the blockchain space. Bloccelerate invests in Seed, Series A, and Series B stage companies through its main fund, along with a co-investment vehicle. The average investment amount ranges from $500K-$2M.

Founded in 2018, Bloccelerate VC is led by General Partners Kate Mitselmakher and Sam Yilmaz. Having personally experienced the volatility of the emerging market economies, both Mitselmakher and Yilmaz have developed an appreciation for the disruptive potential of blockchain in the financial world.

Professionally, Mitselmakher brings a decade-long expertise in the enterprise technology space, having worked for a global publicly traded technology market research firm, Gartner (NYSE: IT). Yilmaz brings operational know-how and entrepreneurial expertise, having started and exited an AI company, prior to co-founding the Decentralized Application Fund in 2014. The DApps Fund divested all of its assets in 2017 — at the peak of the blockchain hype cycle.

While the recent adoption of digital assets by institutional investors has been great for the blockchain industry as a whole, Mitselmakher and Yilmaz firmly believe that many still misinterpret blockchain by deeming it primarily restricted to payments, or “money-as-a-service” use cases. In reality, blockchain has numerous other applications.

In fact, by 2030, Gartner estimates that the business value added by blockchain will surge to exceed over $3.1 trillion, with the vast majority of value created in use cases outside of “digital gold” (Source). Large Fortune 500 companies — like Walmart, Bayer, Vanguard, Anheuser Busch, and others — all announced successful blockchain implementations. Mitselmakher believes that “the era of futile experimentation is behind us, as a larger number of POCs are successfully going to production.”

Bloccelerate’s investment thesis specifically focuses on revenue-generating use cases that enable trustless “consensus over the wire” for multiple stakeholders who do not necessarily know or trust each other. Examples from Bloccelerate portfolio include BlockApps’s solution tracking multiple billions of dollars worth of highest-value stewarded products for Bayer Crop Sciences (Source), and Symbiont’s solution successfully managing $1.3+ trillion worth of passive index data for Vanguard (Source). Bloccelerate VC believes that, ultimately, blockchain solves the “single source of truth” problem – permeating virtually every sector and every geography.

TAAL Reports Third Quarter and Nine-Month 2020 Financial Results & Announces Chris Naprawa as Interim CFO 8028

TAAL Distributed Information Technologies Inc. (CSE: TAAL) (FWB: 9SQ1) (OTC: TAALF) (“TAAL” or the “Company”) a blockchain infrastructure and service provider, today announced its financial results for the three and nine months ended September 30, 2020 (“Q3-2020”). The Q3-2020 unaudited interim financial statements and related management discussion and analysis (“MD&A”)  are available for review on the Company’s SEDAR profile at www.sedar.com. TAAL reports all amounts in Canadian dollars, unless otherwise stated.

Q3-2020 Highlights

  • Company had $12,993,341 million in working capital at the end of September, 2020.
  • Completed the acquisition of WhatsOnChain Limited (“WhatsOnChain”), accelerating TAAL’s strategy of becoming a leading provider of enterprise blockchain infrastructure services.
  • The establishment of a European office in Zug, Switzerland, a leading technology hub in Europe.
  • Filed second patent for L0 token technology to enable smart contracts to be built on Bitcoin SV which will facilitate an expansion of the fee market available to TAAL.
  • Increased liquidity to U.S. investors with upgrade to OTCQX.
  • Entered agreement to establish 175 PH of custom computing capacity in a trusted North American environment to power Bitcoin Satoshi Vision (“BSV”) transaction solutions for global enterprise clients, subsequent to the quarter end.
  • Completed management and senior executive appointments; Stefan Matthews as Executive Chairman and CEO, Chris Naprawa as President and Interim CFO following the departure of Satoshi Kitahama, and Jerry Chan as CPO, subsequent to the quarter end.
  • David Allen, a seasoned finance executive with Fortune 250 Canadian companies and former VP, Corporate Controller at Canada Goose Inc. retained as financial consult

Financial Highlights for the Three and Nine Months Ending September 30, 2020

  • Gross revenue from operations generated $245,629 for the three-months ended September 30, 2020, as compared to $7,380,758 for the same period in 2019, which decrease reflects the suspension of digital asset hashing operations in May 2020 in advance of the halving. This resulted in gross revenue of $7,854,585 for the nine months ended September 30, 2020, as compared to $11,685,385 for the same period in 2019, which decrease reflects the suspension of hashing operations in 2020 partially offset by fleet management revenue.
  • Operating expenses totaled $4,965,786 for the three months ended September 30, 2020, as compared to $1,446,645 for the same period in 2019. The increase in expenses is largely attributable to one-time impairment charge related to blockchain computing equipment of $2,444,857 recognized in the quarter, as well as management fees, salaries and wages of $1,455,820, office and administration of $331,631, and share-based payments of $255,955 compared to $322,388$143,643, and $230,605, respectively, for the same period 2019. The increased expenses reflect the continuing investment in the team to deliver the new business line, including the transition to transaction processing, and the delivery of other value-added services for enterprise clients. For further information regarding the impairment charge, see the Company’s interim financial statements for the period ended September 30, 2020.
  • Net loss of $5,928,027 for the three months ended September 30, 2020, as compared to a net loss of $756,603 for the same period in 2019. Net loss of $9,120,930 for the nine months ended September 30, 2020, as compared to a net loss of $1,928,212 for the same period in 2019.
  • Working capital of $12,993,341 as of September 30, 2020, providing liquidity for at least the next 12 months.

Management Commentary

“In Q3-2020 the Company maintained a strong working capital position, allowing us to service clients and develop our infrastructure in North America and Europe, including closing the acquisition of WhatsOnChain in the UK, opening a TAAL EU office in Zug, Switzerland and subsequent to the quarter, strengthening our leadership team in Canada with the appointment of Chris Naprawa as President. Chris also takes on the role of Interim CFO with the departure of Satoshi Kitahama. These are important achievements which further our capacity as a first-mover in providing trusted blockchain infrastructure services to a growing global enterprise market,” comments Stefan Matthews, TAAL CEO and Executive Chairman.

Management Appointments Subsequent to the Quarter

The Company made various appointments and/or changes to its senior management and executive team subsequent to the quarter, which the Company believes have strengthened its financial, capital markets, product development and global commercial capabilities:

–  Stefan Matthews to Executive Chairman and Chief Executive Officer
–  Chris Naprawa to President, and Interim Chief Financial Officer
–  David Allen to Senior Financial Consultant

Mr. Naprawa, with the assistance of Mr. Allen, has also assumed the function of Interim CFO following the departure of former CFO Mr. Kitahama, who left the Company as of November 24, 2020.

About TAAL Distributed Information Technologies Inc.

TAAL Distributed Information Technologies Inc. delivers value-added blockchain services, providing professional-grade, highly scalable blockchain infrastructure and transactional platforms to support businesses building solutions and applications upon the BSV platform, and developing, operating, and managing distributed computing systems for enterprise users. The Company is led by an experienced management team, Board and Advisory Board members that include entrepreneur and BSV advocate Calvin Ayre, and renowned computer scientist and visionary Craig Wright.

Visit TAAL online at www.taal.com

This press release has been reviewed and financial content approved by the Company’s Audit Committee of the Board of Directors.

The CSE, nor its Regulation Services Provider, accepts no responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain statements included in this news release constitute “forward-looking information” as defined under applicable Canadian securities legislation. The words “will”, “intends”, “expects” and similar expressions are intended to identify forward-looking information, although not all forward-looking information will contain these identifying words. Specific forward-looking information contained in this news release includes, but is not limited to statements regarding: TAAL’s strategy and vision; the expansion of the free market available to TAAL; TAAL’s future business success; and TAAL’s ability to provide trusted blockchain infrastructure services globally. These statements are based on factors and assumptions related to historical trends, current conditions and expected future developments. Since forward-looking information relates to future events and conditions, by its very nature it requires making assumptions and involves inherent risks and uncertainties. TAAL cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from expectations. Material risk factors include, but are not limited to: global pandemics, including the affects of COVID-19; the future acceptance of BSV and other digital assets and risks related to information processing using those platforms; TAAL’s ability to leverage its intellectual property into viable income streams; and other risks set out in Item 20 – Risk Factors of TAAL’s Form 2A – Listing Statement dated July 31, 2018 and elsewhere in TAAL’s continuous disclosure filings available on SEDAR at www.sedar.com. Given these risks, undue reliance should not be placed on the forward-looking information contained herein. Other than as required by law, TAAL undertakes no obligation to update any forward-looking information to reflect new information, subsequent or otherwise.

NON-IFRS FINANCIAL MEASURES

The terms “EBITDA” (net income or loss excluding net finance income or expense, income tax or recovery, depreciation, and amortization) and “Adjusted EBITDA” (which is calculated by the Company by adjusting EBITDA to exclude share-based payments, fair value loss or gain on re-measurement of Digital Assets, gain (loss) on foreign exchange, and costs associated with one-time transactions) are not recognized measures nor do they have standardized meanings under International Financial Reporting Standards (“IFRS”). There is no standardized measure of “EBITDA” or “Adjusted EBITDA” under IFRS and consequently, TAAL’s method of calculating this measure may differ from methods used by other companies and therefore may not be comparable to similar measures presented by other companies. A reconciliation of “Adjusted EBITDA” to Net Loss can be found in the MD&A.

Sogou Ranks First in Facial Landmark Localization Challenge at ICPR 2020 9311

Sogou Inc., an innovator in search and a leader in China’s internet industry, ranks first in the Grand Challenge of 106-Point Facial Landmark Localization at the 25th International Conference on Pattern Recognition (ICPR 2020), a premier global conference on pattern recognition hosted by the International Association for Pattern Recognition (IADR). This demonstrates Sogou’s industry leading technological strengths and innovative breakthroughs, particularly in the computer vision space.

As facial landmark localization is crucial for numerous face related applications, such as face alignment for recognition, facial pose estimation, face image synthesis, etc., it has become a subject undergoing intense research by both academia and industrial practitioners.

The Grand Challenge of 106-Point Facial Landmark Localization sets high standards for the accuracy and robustness of algorithm’s generalization ability. Its dataset contains images with larger variations in identity, pose, expression and occlusion, as well as a stricter limit of model weights employed for computational efficiency. Sogou’s AI Interaction Division took top spots in both the validation phase and final evaluation, leading a number of top teams from enterprises and research institutes, such as OPPO, Meituan and Xi’an Jiaotong University. Leveraging breakthrough technologies such as enhanced HRNet-based structure and group convolution network, the Sogou team guaranteed the algorithm’s accuracy and efficiently reduced the complexity of the facial landmark localization model. In addition, the team also adopted Pose-based Data Balancing (PDB) strategy to better leverage predicted position of the corresponding landmark and solve unbalanced data under various positions.

Sogou has long maintained a strong momentum in research and development of computer vision technologies. It has achieved leading results at multiple international challenges, including the first prize in the CVPR 2018 Workshop on Autonomous Driving Challenge, and top scoring in the MegaFace Million-Scale Face Recognition Challenge with an accuracy rate of 99.939%.

Sogou believes that the exploration of cutting-edge AI technologies in facial recognition, voice recognition and natural language processing will fully empower its products and services in the future, providing the best user experience possible.

Technology and Insurance Giants are Among the Newest Members of MOBI 10240

The largest and most progressive companies in mobility continue to join MOBI, the Mobility Open Blockchain Initiative. The new community members join major automakers, smart city leaders, tech companies, startups, and other mobility stakeholders working together to accelerate the development and adoption of blockchain-based standards for the mobility ecosystem. These standards will be the foundation for a protocol-agnostic permissioned network that will enable all stakeholders to exchange, share, and monetize mobility and transit data.

“We are thrilled that AWS, Hitachi America, Ltd., Reply, USAA, and other mobility thought leaders see value in this technology, this community, and this vision,” said MOBI Co-founder and COO Tram Vo. “MOBI’s rapid growth is a testament to both the level of industry interest in blockchain technology and the recognition that companies of any size can benefit by collaborating to accelerate adoption.”

Companies seek to use blockchain and distributed ledger technology (DLT) to improve efficiencies and facilitate new services for valued clients and customers across the globe.

“AWS is delighted to join MOBI to work with its partners, sponsors, and affiliate members to help establish industry standards for smart mobility blockchain adoption,” said Bill Foy, Director of Automotive at Amazon Web Services, Inc. “Many of our automotive customers are working to apply blockchain and distributed ledger technologies to address mobility, supply chain, finance, and electric vehicle to grid opportunities. By participating in MOBI, AWS can help customers apply these new standards to make transportation greener, more efficient, and more affordable through collaboration with the community.”

Verifiable vehicle journeys are critical to building a trusted, intelligent, and shared mobility ecosystem. MOBI members across the mobility value chain are working together to create interoperable, scalable solutions that reimagine the business models of the future.

“The mobility industry is experiencing significant changes as connected vehicles, autonomous cars, Industry 4.0, and IoT impact the landscape. By teaming up with MOBI, we believe that the deployment of this blockchain initiative will help to create mobility ecosystems for driving innovation and enhance our core technologies to contribute in social, environmental, and economic values for our customers,” said Dr. Harsha Badarinarayan, Vice President, R&D of Hitachi America, Ltd.

The convergence of multiple rapidly maturing technologies such as AI, IoT, 5G, and blockchain, permits anything to have a secure identity, be intelligent, and securely transact with other things. New sensors, chip sets, and electronics are being developed by the industry to facilitate connected vehicle communication with other vehicles and infrastructure (CV2X). Together, these capabilities will define the future of mobility in the Smart City.

“Blockchain technology is now mainstream alongside IoT, Cloud and AI in defining the future of our world,” said Reply CEO Tatiana Rizzante. “In MOBI we have seen the opportunity to work with forward thinking companies, governments, and NGOs in making mobility services more efficient, greener, safer and building a more transparent and trustworthy ecosystem for our customers and the entire automotive industry.”

DMALINK and WeOwn enter partnership to redefine decentralised finance 9844

DMALINK and WeOwn are pleased to announce a key strategic partnership in the institutional DeFi space. This ambitious partnership is set to be a game-changer for decentralised finance (DeFi) for digital assets. Initial plans revolve around combining low latency trade execution and real-time settlement and clearing via a decentralised multi custodian hybrid blockchain.

The objective is to develop a solution based on WeOwn’s and DMALINK’s existing technology stack, where client assets are held by custodians and tokenised onto the custodial blockchain ledger thereby integrating into the full lifecycle of a trade.

Manu Choudhary, CEO at DMALINK says: “The vast majority of DeFi projects are built on Ethereum (ETH). ETH, however, is not a stable and enterprise-friendly protocol and has shown itself to be incapable of scaling for institutional purposes and larger financial markets. Which is why we are so excited to work with WeOwn, who took the bold move to build their own stable and scalable protocol. Our goal is to develop a hybrid platform that is highly-scalable, performance-driven and focussed on transparency & decentralisation.”

Sascha Ragtschaa, CEO of WeOwn explains: “We are excited that this collaboration with DMALINK will ultimately result in the creation of the first European cross-asset decentralised exchange (DEX). With this novel structure, our ambition is to eliminate all counterparty, clearing and settlement risks and be able to execute and settle trades within milliseconds between multiple custodians. By removing intermediary costs, we can pass on those savings directly to our clients. This is a great initial use case and will bring major volume onto our platform and exchange from day one and greatly enhance our service offering for existing partners, clients and the SME market we are serving.”

DMALINK is a data-centric ECN for professional Foreign Exchange traders streaming anonymous and bilateral, proactively tailored and sustainable pricing with particular focus on Emerging Markets, Scandie crosses and CE3. We serve industry leaders, including Banks, Funds, Corporates, and Proprietary Trading Firms who have a particular demand for sustainable liquidity access across non-G-7 pairs.

WeOwn is a ground-breaking digital platform that helps SME’s to better manage their investors and stakeholder engagement. Far more than a ‘quick fix’ solution, WeOwn enables companies and investors to conduct their entire relationship – including voting – securely online. For businesses looking for funding, WeOwn provides access to peer-to-peer lending and equity financing. WeOwn offers SME’s the benefit of end-to-end digital capital solutions and a secondary marketplace for increased traction with investors.