Mobilum Technologies Announces Changes to its Board of Directors Welcoming Senior Financial Industry Veterans 1622

Mobilum Technologies Inc. (“Mobilum” or the “Company”) (CSE: MBLM) (OTC: MBLMF) (FRA: C0B), a technology-driven company making traditional finance accessible through digital payment infrastructure and digital asset management technologies, is pleased to welcome senior leaders in the fin-tech space, Kasha Piquette and Robert Niziol to its Board of Directors.

Kasha Piquette’s international leadership experiences in banking, investment management and capital markets with a special interest in ESG (Environment, Social and Governance) issues have fortified her ability to skillfully navigate complex financial matters in service of her teams and clients including the Province of Alberta. As the Director of Financial Services for Invest Alberta, her key responsibilities were directly related to increasing foreign direct investment into the Province’s financial sector. Invest Alberta is a new and innovative Crown Corporation whose goal is to work directly with domestic and international investors to attract high-value and high-impact investments to the Province.

With over 20 years of experience, Ms. Piquette is known for the pride she takes in supporting her clients to make informed investment decisions and achieving success. Prior roles with The National Bank, Barclays UK, Barclays Suisse SA, Barclays Dubai and Scotiabank garnered her ability to provide insightful advice and guidance, even amidst the most challenging of circumstances. Ms. Piquette’s work for Invest Alberta utilized her local and international business experience as she advises senior leadership regarding entrepreneurial minded strategies to attract, secure and retain global investors to the Province.

Ms. Piquette has a strong track record of building longstanding professional connections through meaningful networking founded in a shared interest in new technologies and its application (i.e., Blockchain, Deep Learning AI and FinTech). Ms. Piquette also brought unparalleled knowledge of local and international markets to Invest Alberta including FX, equities, fixed income including structured products, hedge funds, business development and ESG issues.

Robert Niziol has over 25 years of experience in capital markets, venture capital, private equity, management, and business consulting. Since 2005, he has been a Partner at Penton Partners, a private equity fund investing in lower middle-market private companies, in Poland.

Mr. Niziol is also a Founder of IGS Investment, an early-stage VC fund investing in innovative technologies, FinTech, and renewable energy, which has made 14 investments since its inception in 2018. He is also the Founder of several companies, including Pin4 Cardless Cash (branded as MasterCard Cash Pick Up in the USA), Invex Ionics, Innox, and Axen BioTech. He also previously held roles in the Credit Derivatives and Structured Credit Products Group at JPMorgan Chase in NYC.

Throughout his career, Mr. Niziol has advised many SMEs, large corporations, and governmental agencies on various business-related matters, including restructuring, turnarounds, business development, and capital structures and has spoken at numerous international conferences related to private equity and venture capital.

Mobilum Directors Peter Green, Michael Devine, and Aleem Nathwani have stepped down from the Board and remain strategic advisors to the new Board and management.

Mobilum Chief Executive Officer, Wojciech Kaszycki commented, “I am very excited to have Kasha and Robert join the Board. Their seasoned experience in crypto, blockchain, and the financial markets are a welcomed addition to the team, and I look forward to kicking off the new year continuing the momentum which we built throughout 2021. I want to thank Peter, Michael and Aleem for their efforts in helping me put the corporate structure in place and look forward to their continued advisory, as the Company looks to continue to thrive and bring on new partners and customers.”

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SOS Enters into a Purchase Agreement for 575 Cryptocurrency Mining Rigs 10218

SOS Limited (NYSE: SOS) (the “Company” or “SOS”) announced today that the company has entered into an agreement to purchase 575 cryptocurrency ETH mining rigs. Under the terms of the agreement, the Company is expected to obtain approximately 400 GH of ETH hash rate. The mining rigs are expected to be delivered on or about April 30, 2021.

This purchase is another step in implementing SOS’ cryptocurrency mining strategy. The Company is pleased it has been able to secure mining capacity during this global mining equipment shortage.

Mr. Yandai Wang, CEO of SOS, commented, “we are optimistic about the future of cryptocurrencies and Ethereum in particular. This is part of our overall strategy to develop blockchain-based environments and services and which will be a core part of our growth in 2021 and beyond”.

About SOS Limited

SOS is an emerging blockchain-based and big data-driven marketing and solution provider as well as cryptocurrency mining operator. The core infrastructure of SOS’ marketing data, technology and solutions to insurance and emergency rescue services is built on big data, blockchain-based technology, cloud computing, AI, satellite, and 5G network, etc. SOS has created a cloud “software as a service (SaaS)” platform for emergency rescue services, with three major product categories: basic cloud, cooperative cloud, and information cloud. This system provides innovative marketing solutions to clients such as insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers, and other service providers in the emergency rescue services industry.

SOS has obtained a national high-tech enterprise certification and the title of “Big Data Star Enterprise,” awarded by Gui’an New District Government. Staying on the forefront of digital technology innovation, the Company has registered 99 software copyrights and 2 patents. For more information, please visit: http://www.sosyun.com/ .

Big Plays in the Online Gambling Space 9723

Before COVID-19 transformed the world, many sectors were already moving toward digital adoption and adaption; the global pandemic has hastened that transition in many ways. The world revolves around smartphones, laptops, computer and digital devices as almost anything can be done online—from seeing a doctor to attending school. Even as hope for the pandemic ending surges, the trend to live life online is likely here to stay. The founders of Lottery.com (Profile), which recently entered a definitive merger agreement with Trident Acquisitions Corp. (NASDAQ: TDAC) to become a publicly listed company, recognized the shifting trend years ago and were pioneers in addressing the untapped online global lottery market. The company has found a way to combine blockchain with other cutting-edge technology to provide at-home lottery participation, with the end goal of being a leader in the huge lottery and sports betting markets. Now the company is timing its entrance into another hot public market: investor appetite for special purpose acquisition companies, or SPACs. The gambling space could see unprecedented growth as the pandemic eases and the economy recovers. Some of the big players in the space have online options and are looking to benefit from all things digital. Boyd Gaming Corporation (NYSE: BYD) offers B Connected Online, a robust, attractive online player community. Caesars Entertainment Inc. (NASDAQ: CZR) has Caesars Casino & Sportsbook where users can participate in world-class casino games and wager on sports. Wynn Resorts Limited’s (NASDAQ: WYNN) WynnBET is a premier casino and sports betting app that was just awarded an online sports betting permit in Virginia, and Las Vegas Sands Corp. (NASDAQ: LVS) is reportedly eyeing online betting opportunities.

  • Valued at $398 billion, the global lottery market tops out at more than the SaaS, video games and film industries combined.
  • Lottery.com has announced a definitive agreement to become a public company through a business combination with Special Purpose Acquisition Corporation (SPAC) Trident Acquisitions Corp.
  • The company has created a suite of high-margin lottery products, with operations in 12 U.S. states and plans for expansion.  
  • Future gross revenue forecasts estimate $71 million in 2021, $279 million in 2022 and $571 million in 2023.

Mind-Boggling Numbers

Multibillion-dollar markets are compelling opportunities, and that is certainly true of the $138 billion global video games or $158 billion Software-as-a-Service (SaaS) sectors. However, even more attractive is the $398 billion global lottery market — larger than the global video games and SaaS markets combined. Even more mind boggling are the projections that the global lottery market will reach $625 billion by 2025.

Despite the numbers, the opportunity is often unrecognized as long-held patterns of buying lottery tickets at a retail point of sale may seem hard to change. With less than 3% of global lottery sales made online, the challenge is evident, but the potential is vast: that’s only an estimated $12 billion market penetration into a nearly $400 billion industry. With an increase in online activity seemingly inevitable, the possibilities of growth and return seem appear significant.

The Biggest Video NFT Drop Event in Asia Ended With 103.5 ETH on Define Art 8744

DeFine Art has completed the biggest video NFT drop event in Asia with Bart Baker, the No. 1 American social media influencer in China. It is another milestone for NFTs in Asia after Korea’s first NFT art auction from Mari Kim. Bart Baker’s video NFT drop lasted 24 hours from 3 p.m. March 29 to 3 p.m. March 30 KST. The auction closed with a total auction sale of 103.5 ETH (~$190,000) in a successful effort from a top social media influencer in the Asia NFT market.

One of the eight NFTs called The Bart Baker Experience sold for 80ETH. The winner of that NFT would, for the first time in history, make a video with Bart, which would be distributed on his social media channels and minted into an NFT. The seven other NFTs were Bart’s most popular videos, including Journey to the West, Song to a Hero, and more.

Bart Baker is the No. 1 American influencer in China with over 40 million followers worldwide and over 25 million followers in China across Douyin, Kuaishou, and Weibo. In the United States, Bart also has over 16 million followers, with 10 million on his YouTube alone.

DeFine Art is the premier decentralized NFT Platform that supports Asia’s broader NFT ecosystem. The platform facilitates the fusion of real-world assets and blockchain technology in many aspects, with digital art, music & videos, gaming, collectibles, and decentralized financial assets being tokenized into digital assets. It is the gateway for top artists, musicians, influencers, and creative talent across Asia to enter into the NFT world. Additionally, it functions as a decentralized NFT marketplace with features including auctions, Initial NFT Offerings (INO), on-chain exhibition, and DeFi modules that enable NFT assets’ tokenization into more liquid financial assets.

This drop has attracted extensive social media attention from the DeFine Art community, especially from the Korean market. It has become the first effort of top social media KOLs like Bart Baker to tokenize videos and successfully pushed NFT in the Asian crypto market.

Future FinTech Enters into Cooperation Relationship with Shenzhen SOSOB Technology to Provide Market Information 10057

Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as Future FinTech”, “FTFT” or “the Company”), a leading blockchain e-commerce company and a service provider for financial technology, today announced that on March 17, 2021 the Company signed a Strategic Cooperation Agreement (the “Agreement”) with major shareholders of Shenzhen SOSOB Technology Co., Ltd. (“Shenzhen SOSOB”) to form a joint venture titled FTFT Capital (Dubai) Limited (“FTFT Capital Dubai”), an entity formed to provide services and solutions in the global digital currency business.

Pursuant to the Agreement, the Company will make a cash contribution of $5.5 million for 55% ownership of FTFT Capital Dubai, and the shareholders of Shenzhen SOSOB will contribute 80% of their equity interest in Shenzhen SOSOB to FTFT Capital Dubai; Shenzhen SOSOB assets include intellectual property rights, an online platform that provides global digital currency market information and its members and online traffic, valued in aggregate at $4.5 million for 45% ownership of FTFT Capital Dubai. Under the planned structure, FTFT Capital Dubai will become a 55% owned subsidiary of the Company and Shenzhen SOSOB will become an 80% owned subsidiary of FTFT Capital Dubai. It is also planned that FTFT Capital Dubai will set up an investment fund for the investment and management of encrypted financial assets for institutional and high net worth investors. FTFT Capital Dubai will be based in Dubai, United Arab Emirates.

Mr. Shanchun Huang, Chief Executive Officer of Future FinTech, said, “We are excited to jointly create a new enterprise that will serve the digital currency markets. Our objective is to build a company of significant value by creating new content and capturing market share through the application of blockchain technology in financial service markets including digital wallet safety management, blockchain code auditing and operations, and maintenance services. We believe that SOSOB’s digital currency market data information service, analysis capabilities, diversified financial services and multilingual services will serve as a catalyst to introduce new advisory services for blockchain-based financial asset products.”

Mr. Xiong Li, Chairman of Shenzhen SOSOB Technology Co., Ltd., said, “SOSOB currently provides high value-add services to the digital currency markets by being the world’s largest digital currency market information and data service platform of real-time asset and price information for global users. Based on our blockchain aggregation service platform, it collects real-time, comprehensive and reliable blockchain asset and digital currency market information and price data to provide a one-stop market data service for global users. SOSOB now has more than 30 proprietary technologies. We collect data from more than 300 global digital currency trading platforms and cover more than 1,000 digital currencies. With our independently developed data analysis engine, we process more than 200 million datum per day. SOSOB currently has more than 560,000 registered members and over 520,000 members who have installed our mobile App so they can have access anywhere at any time. In addition, our mobile app daily activity number totals more than 84,000 members, our daily website page view (PV) totals more than 500,000 views, and our daily unique visitor (UV) number, which only counts the first visit with a unique IP address, and which does not record again in the same day, totals more than 160,000 visitors.”

Mr. Li continued, “We will continue to maintain and improve the strategic position of our global blockchain financial services and one-stop platform for data, market information and analytics service for digital currency markets. Through our cooperative relationship with Future FinTech, we intend to use blockchain technology to further expand the platform ecology of the digital currency market and to promote its expansion in cooperation with other industry parties to build a stable and sustainable digital currency service platform.”

The9 Appointed Cai ZhiFang as the CEO of NBTC Limited to Lead the Development of Blockchain and Cryptocurrency Business 9615

The9 Limited (Nasdaq: NCTY) (“The9”), an established Internet company, today announced the appointment of Cai Zhifang as the Chief Executive Officer of NBTC Limited (hereinafter referred to as “NBTC”), a wholly-owned subsidiary of The9, to lead the development of blockchain and cryptocurrency business in NBTC. Mr. Cai has been on board.

Mr. Cai is an early pioneer in the blockchain industry. In 2013, Mr. Cai co-founded YiBit Digital Technology Company Limited, one of the earliest integrated platforms in blockchain industry in China. In 2015, Mr. Cai served as the general manager of WeiTui Technology Limited Company, which self-operated Bitcoin mining by the purchase of AvalonMiners from Canaan. The peak hash rate managed by Mr. Cai at that time accounted for nearly 4% of the global hash rate of Bitcoin. Afterwards Mr. Cai established a strategic partnership with Canaan, responsible for assisting its customers in establishing, operating and maintaining AvalonMiners. At that time Mr. Cai managed and operated more than 300,000 AvalonMiners, with an accumulative hash rate exceeding 5,000 PH/S, accounted for nearly 5% of the global hash rate of Bitcoin at that time.

After joining the NBTC team, Mr. Cai will be responsible for leading the expansion of NBTC blockchain and cryptocurrency business, making full use of his industry experience and resources to formulate and execute NBTC’s business strategy, and to implement the cooperation between NBTC and worldwide cryptocurrency ecosystem partners with the goal to accelerate the establishment of The9’s global leadership in the cryptocurrency industry.

In January this year, The9 announced the establishment of the wholly-owned subsidiary NBTC to engage in blockchain and cryptocurrency related businesses. Immediately within two months, Bitcoin and Filecoin mining machines had been acquired as the first step to build The9’s cryptocurrencies mining business.

About The9 Limited

The9 Limited (The9) is an Internet company based in China listed on Nasdaq in 2004. The9 aims to become a diversified high-tech Internet company.

Oracle Extends Database Leadership with Oracle Database 21c 11723

Oracle announced that Oracle Database 21c, the latest version of the world’s leading converged database, is available on Oracle Cloud, including the Always Free tier of Oracle Autonomous Database. Oracle Database 21c contains more than 200 new innovations, including immutable blockchain tables, In-Database JavaScript, native JSON binary data type, AutoML for in-database machine learning (ML), and persistent memory store, as well as enhancements for in-memory, graph processing performance, sharding, multitenant, and security. Unlike other vendors’ single-purpose databases in the cloud or on-premises, Oracle Database 21c provides support for multi-model, multi-workload, and multi-tenant requirements – all within a single, modern converged database engine. In addition, Oracle today announced the availability of Oracle APEX (Application Express) Application Development, a new low-code service for developing and deploying data-driven enterprise applications quickly and easily. The browser-based, low-code cloud service enables developers to create modern web apps for desktops and mobile devices using an intuitive graphical interface.

“Oracle Database 21c continues our strategy of delivering the world’s most powerful converged database engine,” said Andrew Mendelsohn, executive vice president, database server technologies, Oracle. “It provides leading JSON document processing performance. It provides breakthrough operational database performance with Intel® Optane™ Persistent Memory support. It provides industry-leading analytic database capabilities with new Self-Managing In-Memory Column Store, highest performance graph processing, and AutoML for simplest machine learning model development. It provides Immutable Blockchain Tables for tamperproof SQL tables. Competing vendors require separate JSON document, operational, analytic, graph, ML, and blockchain databases and services to support these capabilities. Oracle’s converged database approach makes developers far more productive when building new applications, and makes it easy to later evolve applications to meet new business requirements.”

What Analysts are Saying about Oracle Database

“With the launch of Database 21c, Oracle has elevated its flagship database to a new level of convergence with broad support for a wide variety of data types and workloads,” said Carl Olofson, Research Vice President, Data Management Software, IDC. “The 200 new built-in innovations, including immutable blockchain tables and AutoML for in-database machine learning, elevate Oracle Database 21c to a new level of functionality, eliminating the need for specialized, isolated cloud services and tools to do those jobs. Users can avoid the compounding of costs and operational complexity that comes with each additional cloud service that organizations ordinarily use. In this way, Oracle is effectively slicing away at this disjointed set of services with a simplified, more technically elegant, and integrated approach that is far better suited for the enterprise needs of 2021.”

“Oracle’s latest converged database—Database 21c—focuses on making life dramatically easier for both users and developers. It supports and integrates an expanded range of data models and workloads, and includes built-in machine learning to eliminate the need for separate tooling and services by enabling organizations to run inference directly on their database, right next to their data. This is a refreshing contrast for organizations that leverage the likes of AWS, which has more than a dozen different databases, each requiring customers to deal with different APIs, ETL approaches and data integration processes. Oracle Database 21c transcends the barriers of a multi, isolated, and intrinsically non-converged, database approach,” said Mark Peters, Principal Analyst & Practice Director, ESG.

What Customers are Saying about Oracle Database

Headquartered in London, Aon is a US$46B global professional services firm providing a broad range of risk, retirement and health solutions. “We’ve never been able to see all of our Oracle sales and marketing data in one, unified system. It’s a real milestone. Using Oracle Autonomous Data Warehouse and Oracle Analytics Cloud, we’ve seen performance boosted by 50X to 60X that makes response times to complex sales queries from 500 power users much faster and analytics costs are significantly lower than our on-premises business intelligence tools,” said Liesbeth Mulder, Global Reporting Lead, Aon.

Angelini Pharma is one of the largest pharmaceutical companies in Italy. “The Quinaryo XRing solution has been an important step ahead in our IoT strategy to experiment with a wearable device integrated with a data security tool based on a blockchain table solution,” said Pietro Berretoni, Digital & Innovation Head, Angelini Pharma. “With Oracle Blockchain Tables, the solution provides tamper-proof records that can easily integrate with other applications without requiring a complex new infrastructure. Oracle Database includes all the tools we know and new features like Oracle Blockchain Tables that we can leverage with XRing for sensible data collection.”

New Innovations in Oracle Database 21c

Oracle Database 21c is the database engine that powers Oracle database services in the cloud and on-premises, including Oracle Autonomous Database, Oracle Exadata Database Service, Oracle Exadata Database Cloud@Customer, and Oracle Exadata Database Machine. The latest release includes more than 200 new innovations, which extend database convergence to new use cases, optimize performance, and improve developer, analyst, and data scientist productivity. Key innovations include:

  • Immutable Blockchain Tables: Blockchain Tables bring the key security benefits of blockchain technology to enterprise applications. Part of Oracle’s Crypto-Secure Data Management, Blockchain Tables provide immutable insert-only tables whose rows are cryptographically chained together. By providing tamper detection and prevention capabilities directly in the Oracle Database, customers can protect against illicit changes by insiders or hackers impersonating administrators or users. Blockchain Tables are part of the converged database, accessed with standard SQL, and support full analytics and transactions – making it orders of magnitude easier to use, and more functional, than existing blockchain implementations. Blockchain Tables are a free feature in all Oracle Database editions.
  • Native JSON Data Type: Oracle has provided powerful SQL/JSON query and indexing support for many years. Database 21c adds a new JSON data type representation, enabling up to 10x faster scans and up to 4x faster update operations. Overall, these improvements make Oracle SQL/JSON 2x faster than MongoDB and AWS DocumentDB on the YCSB benchmark. As with previous releases, users can mix or join JSON and other data types; index any JSON element for fast OLTP; use declarative parallel SQL analytics across all formats; and run complex joins across multiple JSON documents and collections—all without any need for custom application code.
  • AutoML for In-Database Machine Learning: Automatically builds and compares machine-learning models at scale, and facilitates the use of machine learning by non-experts. A new AutoML user interface makes it easier for non-expert users to leverage in-database machine learning. Oracle also added new algorithms for anomaly detection, regression, and deep learning analysis to our extensive library of popular, in-database machine learning algorithms.
  • In-Database JavaScript: Enables developers to work efficiently in modern programming languages. The embedded Graal Multilingual Engine allows JavaScript data processing code to run inside the database – where the data resides – eliminating expensive network round-trips. In addition, users can easily execute SQL from within JavaScript code, and JavaScript data types are automatically mapped to Oracle Database data.
  • Persistent Memory Support: Stores database data and redo logs in local Persistent Memory (PMEM), which significantly improves the performance of IO-bound workloads. SQL runs directly on data stored in the direct-mapped Persistent Memory file system, eliminating the IO code path and the need for large buffer cache. In addition, new database algorithms prevent partial or inconsistent stores to Persistent Memory.
  • Higher Performance Graph Models: Allows modelling of data based on relationships, and enables exploration of connections and patterns in social networks, IoT, and more. Further improvements in memory optimization reduce the amount of memory required to analyze larger graphs, which enables existing applications to run faster with no changes. In addition, users can create or extend graph algorithms using Java syntax, which can execute as native algorithms since they are compiled with the same optimizations.
  • Database In-Memory Automation: Oracle supports both row and column formats in the same table to allow analytics and transactions to run simultaneously on the same table. Oracle Database 21c introduces a Self-Managing In-Memory Column Store that simplifies and improves efficiency by automatically managing the placement and removal of objects in the In-Memory Column Store, then tracks usage patterns and moves and evicts objects from the column store. In addition, columns are automatically compressed based on usage patterns. Oracle Database 21c also introduces new in-memory vector join algorithms to speed up complex queries.
  • Sharding AutomationNative Database Sharding delivers hyperscale performance and availability while enabling global enterprises to easily meet data sovereignty and data privacy regulations. Data shards share no hardware or software, and can reside on-premises or in the cloud. To simplify the design and use of sharding, Oracle Database 21c includes a Sharding Advisor Tool that assesses a database schema plus its workload characteristics and then provides a sharded database design optimized for performance, scalability, and availability. Backup and Recovery across shards is also automated.