MARKETHIVE: One Company That is Bucking the Trends

MarkethiveMarkethive

Centralized Social Media platforms, like Facebook, Google, and LinkedIn to name a few, have been paramount and prevalent in our lives for nearly 2 decades, so many people are unaware of the technology that is available to us now. The upcoming platforms classed as Market Networks are a sovereign way to develop online communities, giving the power back to the people. With the onset of Blockchain along with Cryptocurrency, this absolutely levels the playing field. What this means is complete privacy, autonomy, and freedom of speech, as well as the ability to earn an income. There are a handful of new Blogging Community Platforms that have already risen using crypto by way of their own tokens as an incentive to use the platforms.

The Social Media platforms we have today are ultimately accountable to their shareholders and staff, and as an enormous amount of users utilize these platforms predominantly for free, forthcoming profit will not come from user engagement or user growth. It comes by other means which has been and is detrimental to the community at large. Centralization has also created tension within the communities due to algorithmic partisanship, rules that keep changing, banning, and deleting of accounts wiping out all the effort and results entrepreneurs have implemented to establish an online presence.

A New Era is Here

There are now new systems and platforms being built that have much better outcomes for humankind in every aspect, including economic benefits and privacy. Now everyone can enjoy all the benefits of a social media environment along with all the marketing and blogging tools and portals. Below are the vertical platforms we have now, all centralized. One organization, in particular, has incorporated all the different types of social media and eCommerce, all on one interface:

  • Social networking (Facebook, Google+, Webtalk).
  • Microblogging (Twitter, Tumblr).
  • Photo sharing (Instagram, Snapchat, Pinterest).
  • Video sharing (YouTube, Facebook Live, Periscope, Vimeo).
  • Networking Business & Employment (LinkedIn)
  • eCommerce (Freelancers, Coin Exchange)
  • Content & Blogging (Medium, Quora, Steemit )

Markethive is recognized as the next phase that has evolved from Social Networks. Having commenced over 20 years ago as an Inbound Marketing platform via Veretekk, it now has the technology that is capable to combine the scalable network effects of Facebook or LinkedIn with the lucrative revenue models of Saas and marketplace hubs like eBay and Amazon. It has vertical platforms like freelancers and coin exchange, and a collaboration niche for commercial artists, writers, voice & video services. It is 20 years of proven technology, merging with the blockchain. It’s built on a higher generation blockchain to make it possible to handle large social groups.

Thomas Prendergast, Markethive’s CEO, stated:

“Markethive was built on the foundation of 20 years of proprietary technology and has been running live with 1000s of subscribers in beta for nearly 4 years. Markethive’s mission is to create a universal income for entrepreneurs, using our multiple platforms built for the entrepreneurial markets. Markethive has a working product, starting out 20 years ago as Veretekk, then segwayed into what is now Markethive which is launching on the blockchain.”

To find out more, I spoke to some of the members who are in long-standing: 

David Ogden, Markethive Entrepreneur, said:

“Markethive is no flash in the pan marketing system, it was born out of Veretekk, developed by Tom Prendergast, who is a master in marketing. I joined Veretekk around 2000, The system produced endless quality leads and an email system to communicate with them. The system was free and could be used to build any business. The rise of the Blockchain offers more security with a distributed network.”

Dennis Roeder shared:

“I first became acquainted with Thomas Prendergast back in 1988. There was always open communication and direction on what was in the development stages and what to expect. Mr. Prendergast had a divine vision to produce a system that would be entirely free for members to use the marketing tools. Veretekk slowly evolved into a company named Markethive which was designed to be a Free to members platform. Then along came the Blockchain and Bitcoin, and that gave a reason for Markethive to be the ‘go-to’ Market Network for entrepreneurs. Members will have free access to the tools plus as they use the system they can be paid using a new term called Universal Income.”

What is Underpinning Markethive to Ensure Its Viability?

Markethive’s innovation is producing Mining Hives that create massive surplus electricity built on total 100% green energy. Along with Hemp/Medicinal Cannabis cultivation, it’s sure to be a winner in the blockchain space and crypto industry. With its own coin exchange, ease of liquidity and underpinned by a plethora of Inbound Marketing products for its End Users, it’s a complete Ecosystem for Entrepreneurs, Bloggers, and Commercial Artists. This is a platform to keep an eye on as it comes up through the ranks. This is going to disrupt Social Media and all forms of marketing as we know it.

Mr. Prendergast said:

“We produce the coin to give as an incentive to sign up in Markethive as PayPal did. We are not using the coin to raise money. It’s not speculative but has the ability and potential to become very valuable due to many products and services that are in high demand. So pump and dumps won’t affect the company or its revenue. It’s not dependent upon speculation of their coin. We are dependent upon delivering services and products people want whether the coin is up or down, which in turn will increase the value of the coin despite the markets.”

The era representing the rise of the entrepreneur has arrived, while other organizations, inbound marketing providers, blockchain implementers, and cryptocurrencies are still frozen in time.

With Blockchain, cryptocurrency, inbound marketing, and decentralized database technologies, Markethive has constructed a social market network that provides a “Universal Income.” Markethive’s culture is one of innovation, and the ECO-SYSTEM is part of the New Revolution. It is 27 years of proven technology, merging with the blockchain. This will result in a flotilla of money machines driving the basic platforms while creating an eco-center for entrepreneurs, where they can create and maintain a livable income while turning their ideas and concepts into reality.

Markethive Entrepreneur, Richard Mathiason, said:

“I have been with Thomas Prendergast since Veretekk. I enjoyed being a Trainer at that time and using Veretekk to gather Leads. Thomas has always been ahead of the times in regards to marketing. The free marketing tools that he has developed over time have been amazing.”

Richard went on to say:

“Technology has finally caught up with Thomas’s Grand Vision. We are now able to correct some problems that all social networks have. We are moving the Network to a Blockchain to showcase our Privacy Policy, decentralize the platform to make it harder to hack, adding 4 levels of Security and creating a Wallet that will only allow you to have control of your network.

“The best part is that Thomas is a good friend and he will drop everything to help someone out. Thank You for being my friend and for Markethive, the best social/market out there.”

Conclusion

It’s just a matter of time until nearly all independent professionals and their clients will conduct business through the development of tight-knit collaborative Market Networks within specific industries.

Starting NOW, there will be many more forward-thinking entrepreneurs stepping forward, with their sights set upon creating increasingly innovative, highly synchronized business models and solutions to doing business in the 21st century and beyond. Those who will be most successful will not only keep up with the speed at which technology continues to change, but they will align themselves ahead of the curve at all times.

Market Networks will have a massive positive impact on how millions of people work and live, and how hundreds of millions of people buy and sell better services.

===================================================================

ABOUT MARKETHIVE

Markethive is the next generation Social Market Network on Blockchain bringing privacy, autonomy, and free speech to the people. Integrated into the system is an entire Inbound Marketing Suite, Ad Agency. eCommerce portals, Digital Media, Exchange, and e-wallet forging a sustainable ecosystem for entrepreneurs of every caliber.

WEBSITE: https://markethive.com/

TWITTER: twitter.com/Markethive

TELEGRAM: t.me/Markethive

LINKEDIN: https://linkedin.com/company/Markethive

FACEBOOK: https://facebook.com/MarketHive

YOUTUBE: https://youtube.com/Markethive

This article was originally published on Steemit.

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BitMEX: US Regulator Launches Investigation into Client Trades

BitMEXBitMEX

The month of July has not been a particularly good one for cryptocurrencies, and if recent reports regarding BitMEX are to be believed, then the upcoming weekend might not be a great one either.

Report Details

In a sensational report from Bloomberg, it has been revealed that popular crypto exchange BitMEX is apparently being investigated by the Commodity Futures Trading Commission for allegedly allowing US residents to trade on the platform. Although US residents can trade in cryptocurrencies, the situation with BitMEX is a bit different. US residents are categorically excluded from using the platform since it is registered in Seychelles.

It is the same with any other crypto platform registered in that country. It has now emerged that some user might have used tools like VPN to get around those regulations and traded anyway. In such a situation, it is the responsibility of the platform in question to bar such users from the platform. It should be noted that no official confirmation has yet been made about the investigation by either BitMEX or the CFTC. The development came to light on social media through Bloomberg reporter Tim Culpan, who seems to have been briefed about the events.

>> Litecoin (LTC) Eyes Fresh Gains Above $100: All Eyes on Halving Event

Once the news broke on social media, selling pressure was experienced in many cryptocurrencies, including Bitcoin. The news brought immense pressure on Bitcoin, and soon enough, the token gave up as much as $500, bringing it close to $10,000. The recent report has also brought into focus the relentless attacks that both BitMEX and its Chief Executive Officer Arthur Hayes received from noted economist Nouriel Roubini over the course of the month so far. After a debate between the two in Taipei, the economist has been relentless in his attack, and on Wednesday he had even published an essay in which he stated that he has evidence that criminal activities are going on in the BitMEX platform.

What do you think of the whole debacle?

Featured image: DepositPhotos © AlphaBaby

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Litecoin (LTC) Eyes Fresh Gains Above $100: All Eyes on Halving Event

LitecoinLitecoin

Litecoin (LTC) is leading a recovery even as the broader cryptocurrency sector turned bearish in recent trading sessions. A spike past the $100 mark has come on huge trading volume, affirming renewed trader interest in the coin.

Litecoin Fresh Gains

Bulls have regained control, in recent trading sessions, after bears threatened to push the altcoin below the $70 mark. A spike past the $100 mark also comes 17 days away from the much-awaited halving event.

The halving is poised to result in a reduction in the amount of LTC that miners get rewarded, on the addition of a new block. The halving should result in the reduction of LTC coins in supply, something poised to strengthen the price even further given the forces of supply and demand.

The confirmation that the Litecoin Foundation has struck a strategic partnership with the Miami Dolphins is another catalyst fuelling the LTC bullish run. Under the terms of the agreement, the football club is to receive payments pegged on LTC for the 50/50 raffle. The partnership should result in increased LTC usage, a key to enhancing mainstream adoption of the coin.

Litecoin is likely to continue powering high as it is currently trading above the 50-Day Simple Moving Average and the $89 support level. The formation of an ascending trend line also looks set to continue supporting price rebounds above the $100–102 psychological mark. A breach of the $90 support level could trigger a pullback to the $76–78 support area.

>> Ethereum (ETH) Surges As 20,000 ETH Order Triggers Buying Spree

Emerging Tailwinds

Litecoin’s surge also comes amidst heightened pressure across the market. Regulatory pressures are slowly creeping up. The US government insists that cryptocurrencies pose a significant danger to national security, a sentiment that has gone on to rattle traders.

Sentiments by US Treasury Secretary Steven Mnuchin and President Donald Trump that cryptocurrencies are a tool for criminals also appear to have spooked traders. France has also piled pressure on the burgeoning sector by insisting that they cannot accept Facebook’s Libra without strict rules.

In contrast, former presidential candidate Ron Paulis is in support of the least amount of regulation on cryptocurrencies.

At the time of writing, Litecoin is trading at $98, up by 4%. LTC has recovered almost 25% from Wednesday’s low of $77.

Featured image: DepositPhotos © PromesaStudio

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Ethereum (ETH) Surges As 20,000 ETH Order Triggers Buying Spree

EthereumEthereum

Ethereum (ETH) has recovered after plunging below the $200 level on surging bearish pressure early in the week. A rebound past the $220 mark comes amidst reports of a buy order for 20,000 ETH on Binance exchange.

Ethereum Whale Order

Ethereum had initially slumped to the $190 level after a big trading group reportedly placed a sell order for 15,000 ETH. The sell order went on to rattle traders, triggering a massive sell-off in the broader cryptocurrency sector. Just like Ethereum, Bitcoin also attracted some selling pressure, consequently plunging below the $10,000 level.

But now a buy order is reversing that, coming in at 20,000 ETH, and reinvigorating investor confidence about crypto’s long-term prospects. The 20,000 ETH buy order, however, also arouses concerns of possible prop bids often used by whale traders to inflate trades. Such bids are often used to entice retail traders to buy into a given trend. A loading wall is the opposite of prop bid, used to scare retail investors into entering sell positions on a given trade.

Regulatory Pressures

Ethereum’s spike comes amidst soaring pressure from high-ranking policymakers pushing for increased regulation of cryptocurrency. France indicated that Facebook (NASDAQ:FB) will have to adhere to strict rules to operate its Libra crypto in the country, which affirms the emergence of stringent regulations that could affect the overall sector.

>> Bitcoin Recovers Quickly on Technical Bounce: What Comes Next

Stringent regulations by authorities around the world are one of the biggest headwinds standing in the way of cryptocurrencies going mainstream. While the likes of Facebook and JPMorgan (NYSE:JPM) have launched cryptocurrencies, regulators are remaining tough on fears that multinationals are encroaching on areas that are a preserve of governments.

France has already asked the European Central Bank to set up a task force, tasked with the responsibility of looking into cryptocurrencies and digital currencies. The sentiments come hot on the heels of China and India banning crypto altogether.

On the chart, Ethereum is looking neutral. Any further surge above the $228 mark could allow for more upside towards the $250 zone. On the downside, $195 holds key support. The potential for growth is still high, as cryptocurrencies have bounced back after a roller coaster 2018. A rally past the $300 mark should reaffirm the ETH bullish trend that began early in the year.

Featured image: DepositPhotos © sadsadang

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Bitcoin Recovers Quickly on Technical Bounce: What Comes Next

BitcoinBitcoin

Bitcoin may have had a superb year up until June, but the month of July, and especially the past week, has proven to be troublesome as the price of the cryptocurrency continued to crash down. The issues with relation to Facebook’s Libra and United States President Donald Trump’s comments about cryptocurrencies like Bitcoin caused a massive drop. The token fell below $10,000 after having climbed above $13,000 earlier.

Sudden Spike

However, it seems that Bitcoin is making a comeback yet again, and today, the cryptocurrency experienced a massive spike that saw it gaining as much as $1,000 in a matter of a few minutes on most exchanges. At the time of writing, Bitcoin is up over 8% at $10,535. In fact, BTC has recovered 16% from yesterday’s low of $9,050.

Due to that incredible spike in price, Bitcoin managed to cross the important hurdle of $10,000, and eventually, the price reached $10,300. Considering the sort of trying week it’s been, this tearing spike has caused a stir in the crypto sphere.

However, it is perhaps more important to consider what it all means going forward. One Bitcoin analysts took to Twitter and stated that a pattern of this nature started back in April this year when Bitcoin was still trading at $4,000. It was also at that point when the massive bull run started that eventually took the cryptocurrency to more than $13,000 earlier this month.

>> Huobi Moves to New ERC-20 Token: Partnership with Stable Universal & Paxos

That being said, it is perhaps more interesting to look at the possible reasons why the spike might have taken place, and in this regard, it is important to note that the reasons behind a spike of this nature if hard to figure out.

It should be noted that Representative Patric McHenry said yesterday that Bitcoin can never be wished away and it is here to stay. In addition to that, the head of the Federal Reserve, who had earlier been critical of Libra, stated that Bitcoin is a “store of value.” Such an encouraging statement could have been behind this incredible spike.

Featured image: DepositPhotos © sdecoret

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Huobi Moves to New ERC-20 Token: Partnership with Stable Universal & Paxos

HuobiHuobi

There are plenty of crypto exchanges in the world, and some of them operate in the stablecoin system. As per the stablecoin system, cryptocurrencies are traded in stablecoin pairs, and Huobi (HT) is such an exchange—or rather, it was, until its most recent announcement.

The company has now announced that its HUSD token will no longer be used in the form of a stablecoin system; instead, it is going to be turned into an ERC-20 token. The ERC-20 token is going to be built in partnership with Stable Universal Limited and Paxos Trust Company, two startups in the crypto space. The press release in relation to this particular development was published on July 17.

Huobi has pointed out that the ERC-20 HUSD Token is going to be backed by the United States Dollar, and the token will be held securely by Paxos. Paxos is a company that is regulated by the New York State Department of Financial Services and, because of this, is 100% secure.

Last but not least, it is important to note that the token will be listed for the first time on the Huobi platform. The change in the system inside the Huobi exchange will take place gradually over the upcoming days. Stable Network will also be involved with third parties and create smart contracts.

>> Altcoins Recovering: Ethereum (ETH) and Ripple (XRP) Lead Crypto Higher

Burning 14 Million Tokens

However, that is not all. Earlier on this week, Huobi (HT) had also announced that it was going to regulate the supply of Huobi Token by burning as many as 14,011,700 tokens. That being said, it is important to note that a burning event is a quarterly event that is performed by the company in order to keep the supply of the token stable.

At the time, when the burning was done, the total supply of Huobi Token stood at 310,318,300. The totality of the burned tokens, however, rose by as much as 116% from the previous quarter and the company attributed it to improvement in market conditions at this point.

Featured image: DepositPhotos © kentoh

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Altcoins Recovering: Ethereum (ETH) and Ripple (XRP) Lead Crypto Higher

altcoinsaltcoins

Cryptocurrencies are trying to bounce back after a steep pullback from one-year highs. Bitcoin (BTC) is trying to bounce back after coming under immense pressure after rallying to highs of $13,000. Altcoins Ethereum (ETH) and Ripple (XRP) are also showing signs of bottoming out.

Cryptocurrency Analysis

Despite rallying by 2.6%, Bitcoin finds itself below the $10,000 psychological level. Below the mark, the flagship crypto remains susceptible to further drops given the short-term bearish momentum. While there were expectations that Bitcoin would skyrocket during the American Independence day, that never happened.

Ether, on the other hand, is trying to register steady gains after falling by more than $200 in one hour on July 14, 2019. An 8.3% rally has seen the altcoin find support above the $200 mark. After seven days of declines, Ripple might as well have hit bottom and is due for a correction higher. A 9% rally represents one of the biggest gains among the major cryptocurrencies at a time of growing concerns in the sector.

Cryptocurrency Uncertainty

Cryptocurrencies have come under pressure in recent trading sessions amidst regulatory concerns. Analysts have raised the red flag that governments and regulators may as well be planning to kill cryptocurrencies.

The decentralization aspect, which makes it impossible to track crypto transactions, is reportedly not going well with authorities. Banks are always in control of the circulation of money in the financial sector. However, with the increased use of cryptocurrencies, regulators will no longer be in control of how money moves in an economy.

>> Bitcoin Price Experiences Second Largest 24-Hour Drop of 2019

The fact that cryptocurrencies are poised to shape people’s livelihood and disrupt the status quo is something that is not boarding well with authorities. India and China have already cracked the whip on closing down all the channels for cryptocurrency and altcoin liquidity.

The US government has taken a keen interest in Libra, the newly launched Facebook (NASDAQ:FB) cryptocurrency. The move follows the creation of a task force to look into digital currency fraud, which the government insists is a threat to national security.

At the time of writing, Ethereum is trading higher by 7% at $211, and Ripple is up 6% at $0.319.

Featured image: DepositPhotos © sinenkiy

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Victory Square Provides Corporate Update on the Strong Performance of Select Portfolio Companies


  • Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits. 
  • VST companies are using artificial intelligence (AI), blockchain, and virtual and augmented reality (VR/AR) to disrupt sectors as diverse as fin-tech, insurance, health, and gaming. 

VANCOUVER, British Columbia, July 18, 2019 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE:VST)(FWB: 6F6)(OTC:VSQTF) today provided a corporate update on the strong performance of select portfolio companies: Immersive Technologies, V2 Games, Fansunite, Grow Tech Labs, CoPilot Advisor, Taloflow.ai, and Multapplied Networks.

During the first half of 2019, VST’s select portfolio companies achieved significant milestones in terms of revenue growth, product development, and customer acquisition. 

“Our portfolio represents a unique liquid and secure way for investors to double down on the latest cutting-edge technologies,” said Shafin Diamond Tejani, CEO of Victory Square Technologies. “With our focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides.”

Selected Portfolio Companies Update:

Immersive Tech:

Immersive Tech designs, programs, builds and installs immersive and engaging experiences for some of the world’s leading companies for a variety of purposes such as brand engagement, revenue generation, and corporate training. Through a blend of video game development, theme park engineering and the latest VR/AR/MR technologies, the company has amassed a portfolio of global brands.

Highlights:

  • Immersive Tech is on track to achieve 20% growth in revenue ($2.5 million)
  • Currently engaged in new projects with three large multinational corporations set to deploy in Q4 (Capital One, Bayer, BioMérieux)
  • Won the 2019 Startup Canada High-Growth Entrepreneurship category

V2 Games:

V2 Games is a video game ventures firm focusing on project investments in high-value e-gaming projects featuring globally-recognized intellectual properties. The company generates cash flow by streaming revenue share from world-class e-gaming projects.

Highlights:

  • Completed a $1.3 million financing
  • Provided funding for the “Men In Black” mobile game, their first tier 1 mobile game scheduled to launch on August 2019
  • A seed investor in esports companies: Pepper, PiiK and Cash. Live (Cash. Live recently received a $150,000 USD investment from Snapchat and was accepted into its in-house accelerator
  • Aiming for a direct listing by Q4 2019

FansUnite:

FansUnite provides a full suite of sports betting solutions including The FansUnite Protocol, a robust ecosystem of sports betting applications.

Highlights:

  • Entered into a strategic partnership with World Poker Tour®, the premier name in internationally televised gaming and entertainment leading innovation in the sport of poker
  • Focused on the development of the FansUnite B2C and B2B offerings. The B2C platform is currently in beta with full KYC, event data, odds feeds, live betting, resolution, and risk management
  • FansUnite will be launching their own B2C Sports Betting Application in Q4 2019 and licensing out the technology to other operators
  • Aiming for a direct listing by Q4 2019, which also includes an acquisition, closing upon listing

Grow Tech Labs:

Grow Tech Labs develops and accelerates companies from pre-legalization to post regulated market through education, consultation and investment.

Highlights:

  • Grow Tech Labs facilitated the initial discovery and preliminary infrastructure for what is set to be BC’s largest craft cannabis co-op
  • Launching an online education program to aid businesses in expanding their product models to include cannabis. Beginning with eight modules, Grow Academy will release another 3 modules, including navigating the edible market by the end of 2019
  • Opening multiple Noble Canna Park locations on licensed ALR land for micro cultivators and processors. The Noble Canna Park will offer growers upgraded lots with a vertically integrated cultivation, processing and lab onsite
  • Featured in major media, including Global TV, CTV, and Bloomberg

CoPilot Advisor:

CoPilot Advisor uses cutting edge A.I. technology to help sales teams automatically target qualified prospects on social media, initiate one-to-one conversations, and surface timely sales opportunities without requiring any “content marketing,” spam emails, or any advertising.

Highlights:

  • CoPilot successfully signed over 400 customers including MassMutual, Merrill Lynch, UBS, and New York Life, and more
  • Revenue from new verticals (B2B, insurance and real estate) now accounts for more than 33% of the total revenue, significantly expanding beyond the financial services vertical.
  • Finalist for the 2019 Technology Impact Awards for Company of the Year – Startup Success
  • Generating more than $120k MRR and grew by 300% over the past 12 months

Taloflow.ai

Taloflow’s prediction engine reveals the cost of every cloud process in real-time, it’s an AI autopilot for cloud resource management that saves companies up to 40% on Amazon Web Services (“AWS”).

Highlights:

  • Taloflow met all of the advanced technical requirements to become an Amazon Partner Network (APN) Advanced Technology Partner
  • Added 12+ Beta customers with an average infrastructure spend of $1M/yr on AWS (including 1 unicorn and 1 Fortune 500)
  • Will be adding 2-3 new beta customers every month and ingesting 10s of millions of records from AWS for their customers

Multapplied Networks Inc. 

Multapplied Networks Inc. develops and sells a proprietary Software-Defined Wide Area Network (“SD-WAN”) platform that Cloud and Managed Service Providers white-label and run in their infrastructure to improve visibility and control over end-customer experiences of their hosted, managed applications and drive customer acquisition, retention and brand.

Highlights:

  • Multapplied Networks Inc. released v6.4 of their SD-WAN software
  • Signed three new channel partners, expanding their USA and Latin American partner coverage and has continued to onboard partners signed in the previous quarters
  • 30% year-over-year revenue growth in Q2 2019 compared to the same quarter in the prior year
  • Quarterly net income also grew strongly, up over 100% compared to the same quarter in 2018

“We remain committed to commercializing products that leverage emerging technologies to re-imagine industries, building a new breed of companies set to become the next generation’s technology giants,”

said Shafin Diamond Tejani, CEO of Victory Square Technologies.

Victory Square will continue to update shareholders on all significant advancements of portfolio companies through upcoming press releases and the company’s official website.Check out https://victorysquare.com/blog/victory-square-corporate-update and sign up to VST’s official newsletter at VictorySquare.com.

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

We’re not an accelerator. We’re not an incubator. We’re venture-builders

Victory Square Technologies Inc. (CSE:VST) (FWB: 6F6) (OTC:VSQTF) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits.

VST’s sweet spot is the cutting-edge tech that’s shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using blockchain, AR/VR, and AI to disrupt sectors as diverse as fin-tech, insurance, health, and gaming. 

What we do differently for startups

VST isn’t just another investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you’ll scale, monetize and be ready for public listing or private sale.

What we do differently for investors

VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSTQF). For investors, we offer early-stage access to the next unicorns before their unicorns.

Our portfolio represents a unique liquid and secure way for institutional investors to double down on the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides.  For more information, please visit www.victorysquare.com.

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to the completion of the acquisition of an interest in Limitless Blockchain and the timing, cost and terms thereof, the impact of the acquisition on the Company, the strategic direction of the Company, and its goal of broadening its portfolio of interests in innovative companies. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical fact contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

Please See Disclaimer

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Victory Square Provides Corporate Update on the Strong Performance of Select Portfolio Companies

  • Victory Square (VST) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits. 
  • VST companies are using artificial intelligence (AI), blockchain, and virtual and augmented reality (VR/AR) to disrupt sectors as diverse as fin-tech, insurance, health, and gaming. 

VANCOUVER, British Columbia, July 18, 2019 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE:VST)(FWB: 6F6)(OTC:VSQTF) today provided a corporate update on the strong performance of select portfolio companies: Immersive Technologies, V2 Games, Fansunite, Grow Tech Labs, CoPilot Advisor, Taloflow.ai, and Multapplied Networks.

During the first half of 2019, VST’s select portfolio companies achieved significant milestones in terms of revenue growth, product development, and customer acquisition. 

“Our portfolio represents a unique liquid and secure way for investors to double down on the latest cutting-edge technologies,” said Shafin Diamond Tejani, CEO of Victory Square Technologies. “With our focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides.”

Selected Portfolio Companies Update:

Immersive Tech:

Immersive Tech designs, programs, builds and installs immersive and engaging experiences for some of the world’s leading companies for a variety of purposes such as brand engagement, revenue generation, and corporate training. Through a blend of video game development, theme park engineering and the latest VR/AR/MR technologies, the company has amassed a portfolio of global brands.

Highlights:

  • Immersive Tech is on track to achieve 20% growth in revenue ($2.5 million)
  • Currently engaged in new projects with three large multinational corporations set to deploy in Q4 (Capital One, Bayer, BioMérieux)
  • Won the 2019 Startup Canada High-Growth Entrepreneurship category

V2 Games:

V2 Games is a video game ventures firm focusing on project investments in high-value e-gaming projects featuring globally-recognized intellectual properties. The company generates cash flow by streaming revenue share from world-class e-gaming projects.

Highlights:

  • Completed a $1.3 million financing
  • Provided funding for the “Men In Black” mobile game, their first tier 1 mobile game scheduled to launch on August 2019
  • A seed investor in esports companies: Pepper, PiiK and Cash. Live (Cash. Live recently received a $150,000 USD investment from Snapchat and was accepted into its in-house accelerator
  • Aiming for a direct listing by Q4 2019

FansUnite:

FansUnite provides a full suite of sports betting solutions including The FansUnite Protocol, a robust ecosystem of sports betting applications.

Highlights:

  • Entered into a strategic partnership with World Poker Tour®, the premier name in internationally televised gaming and entertainment leading innovation in the sport of poker
  • Focused on the development of the FansUnite B2C and B2B offerings. The B2C platform is currently in beta with full KYC, event data, odds feeds, live betting, resolution, and risk management
  • FansUnite will be launching their own B2C Sports Betting Application in Q4 2019 and licensing out the technology to other operators
  • Aiming for a direct listing by Q4 2019, which also includes an acquisition, closing upon listing

Grow Tech Labs:

Grow Tech Labs develops and accelerates companies from pre-legalization to post regulated market through education, consultation and investment.

Highlights:

  • Grow Tech Labs facilitated the initial discovery and preliminary infrastructure for what is set to be BC’s largest craft cannabis co-op
  • Launching an online education program to aid businesses in expanding their product models to include cannabis. Beginning with eight modules, Grow Academy will release another 3 modules, including navigating the edible market by the end of 2019
  • Opening multiple Noble Canna Park locations on licensed ALR land for micro cultivators and processors. The Noble Canna Park will offer growers upgraded lots with a vertically integrated cultivation, processing and lab onsite
  • Featured in major media, including Global TV, CTV, and Bloomberg

CoPilot Advisor:

CoPilot Advisor uses cutting edge A.I. technology to help sales teams automatically target qualified prospects on social media, initiate one-to-one conversations, and surface timely sales opportunities without requiring any “content marketing,” spam emails, or any advertising.

Highlights:

  • CoPilot successfully signed over 400 customers including MassMutual, Merrill Lynch, UBS, and New York Life, and more
  • Revenue from new verticals (B2B, insurance and real estate) now accounts for more than 33% of the total revenue, significantly expanding beyond the financial services vertical.
  • Finalist for the 2019 Technology Impact Awards for Company of the Year – Startup Success
  • Generating more than $120k MRR and grew by 300% over the past 12 months

Taloflow.ai

Taloflow’s prediction engine reveals the cost of every cloud process in real-time, it’s an AI autopilot for cloud resource management that saves companies up to 40% on Amazon Web Services (“AWS”).

Highlights:

  • Taloflow met all of the advanced technical requirements to become an Amazon Partner Network (APN) Advanced Technology Partner
  • Added 12+ Beta customers with an average infrastructure spend of $1M/yr on AWS (including 1 unicorn and 1 Fortune 500)
  • Will be adding 2-3 new beta customers every month and ingesting 10s of millions of records from AWS for their customers

Multapplied Networks Inc. 

Multapplied Networks Inc. develops and sells a proprietary Software-Defined Wide Area Network (“SD-WAN”) platform that Cloud and Managed Service Providers white-label and run in their infrastructure to improve visibility and control over end-customer experiences of their hosted, managed applications and drive customer acquisition, retention and brand.

Highlights:

  • Multapplied Networks Inc. released v6.4 of their SD-WAN software
  • Signed three new channel partners, expanding their USA and Latin American partner coverage and has continued to onboard partners signed in the previous quarters
  • 30% year-over-year revenue growth in Q2 2019 compared to the same quarter in the prior year
  • Quarterly net income also grew strongly, up over 100% compared to the same quarter in 2018

“We remain committed to commercializing products that leverage emerging technologies to re-imagine industries, building a new breed of companies set to become the next generation’s technology giants,”

said Shafin Diamond Tejani, CEO of Victory Square Technologies.

Victory Square will continue to update shareholders on all significant advancements of portfolio companies through upcoming press releases and the company’s official website.Check out https://victorysquare.com/blog/victory-square-corporate-update and sign up to VST’s official newsletter at VictorySquare.com.

ABOUT VICTORY SQUARE TECHNOLOGIES INC.

We’re not an accelerator. We’re not an incubator. We’re venture-builders

Victory Square Technologies Inc. (CSE:VST) (FWB: 6F6) (OTC:VSQTF) builds, acquires and invests in promising startups, then provides the senior leadership and resources needed to fast-track growth. The result: rapid scale-up and monetization, with a solid track record of public and private exits.

VST’s sweet spot is the cutting-edge tech that’s shaping the 4th Industrial Revolution. Our portfolio consists of 20 global companies using blockchain, AR/VR, and AI to disrupt sectors as diverse as fin-tech, insurance, health, and gaming. 

What we do differently for startups

VST isn’t just another investor. With real skin in the game, we’re committed to ensuring each company in our portfolio succeeds. Our secret sauce starts with selecting startups that have real solutions, not just ideas. We pair you with senior talent in product, engineering, customer acquisition and more. Then we let you do what you do best — build, innovate and disrupt. In 24-36 months, you’ll scale, monetize and be ready for public listing or private sale.

What we do differently for investors

VST is a publicly-traded company headquartered in Vancouver, Canada, and listed on the Canadian Securities Exchange (VST), Frankfurt Exchange (6F6) and the OTCQX (VSTQF). For investors, we offer early-stage access to the next unicorns before their unicorns.

Our portfolio represents a unique liquid and secure way for institutional investors to double down on the latest cutting-edge technologies. Because we focus on market-ready solutions that scale quickly, we’re able to provide strong and stable returns while also tapping into emerging global trends with big upsides.  For more information, please visit www.victorysquare.com.

ABOUT THE CANADIAN SECURITIES EXCHANGE (CSE)

The Canadian Securities Exchange, or CSE, is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.

FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the outlook of the business of Victory Square, including, without limitation, statements relating to the completion of the acquisition of an interest in Limitless Blockchain and the timing, cost and terms thereof, the impact of the acquisition on the Company, the strategic direction of the Company, and its goal of broadening its portfolio of interests in innovative companies. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans”, “continues”, “project”, “potential”, “possible”, “contemplate”, “seek”, “goal”, or similar expressions, or may employ such future or conditional verbs as “may”, “might”, “will”, “could”, “should” or “would”, or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical fact contained in this news release are forward-looking statements. Forward-looking information is based on certain key expectations and assumptions made by the management of Victory Square. Although Victory Square believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on them because Victory Square can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements contained in this news release are made as of the date of this news release. Victory Square disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

Please visit the company’s website at victorysquare.com. For a free report on Victory Square Technologies Inc. (CSE:VST) (FWB: 6F6) (OTC:VSQTF) visit microsmallcap.com

Please See Disclaimer

Bitcoin Price Experiences Second Largest 24-Hour Drop of 2019

Bitcoin priceBitcoin price

Bitcoin price has suffered its second-largest drop in a 24-hour period in 2019. Currently, the price is approximately $9,632 USD per coin, but across the day, its movement has been constant.

The world’s largest cryptocurrency by market value closed yesterday at $9,412.81 on Bitstamp; down 13.25% from its opening price of $10,848. This is the second-largest single-day drop for the coin in 2019. The first was a 13.67% drop that occurred on June 27th.

Bitcoin Price Drop

Speculation for why the drop has occurred is rife. Many are citing the growing calls for regulation of Facebook’s cryptocurrency Libra project along with cryptocurrencies in general as the biggest catalyst.

It’s been noted that Bitcoin has moved in tandem with news regarding Facebook’s Libra. For instance, after the tech giant unveiled its currency on June 18, Bitcoin price rallied from $9,000 to $13,880 USD in the week following.

It stands to reason, then, that the shift in sentiment is directly linked to a US hearing yesterday that attacked Facebook’s project. The hearing pulled no punches; senators called the company “delusional and untrustworthy” and questioned the social media giant on how it was planning to prevent money laundering.

Last week, President Donald Trump also attacked Libra when he took to Twitter to call for banking regulation for Bitcoin and Facebook’s coin. The following day, Bitcoin price began to decline, very possibly in reaction to the US President’s rant on Twitter.

>> DASH Losing Ground as Short Term Momentum Turns Bearish

Regulation

Because of Facebook’s global presence, the impact its Libra-currency might have on economies everywhere has caused concern. The project has amassed a mix of praise and scrutiny from leaders and financial institutions, amongst others.

But the Libra cryptocurrency has brought to the fore the issue or need for regulation and now, investors are worried that the project will end up fast-tracking regulations for the entire crypto market.

What are your thoughts on this? Do you expect Bitcoin price to decline further?

Featured Image: Deposit Photos © aa-w

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