Fintech PR
Can New Bitcoin BSC Repeat the Bitcoin Price Move from $1 to $30,000 And Mint More Millionaires?
NEW YORK, Sept. 15, 2023 /PRNewswire/ — If you had bought $100 of Bitcoin in 2011, it would have been worth $3m when BTC was trading at $30,000 earlier this year – could Bitcoin BSC ($BTCBSC – bitcoinbsc.io) repeat that feat?
Crypto investors certainly think so, which explains why the ‘Bitcoin on BNB Smart Chain’ staking crypto asset has raised more than $2 million in less than two weeks as its presale races toward the finish line of $3.96 million.
Currently priced at just $0.99 in presale – roughly the price Bitcoin was at in 2011 – Bitcoin BSC has a much better risk-reward profile for potential investors than Bitcoin, not to mention the staking yield that generates an income stream to buttress capital returns.
To be sure not to miss out on the presale alpha opportunities and the listing, which could be next week, follow the project’s X (formerly Twitter) account and join the Telegram group.
Behind the headlines about ‘crypto winter’ which followed failing crypto banks and exchanges, Bitcoin is actually looking in pretty good shape, and so are the Bitcoin derivative and clone coins that seek to provide a value differential over the original offering.
Bitcoin BSC, like Bitcoin, has a total supply of 21 million tokens. However, unlike Bitcoin, it runs on a proof-of-stake network, the BNB Smart Chain, which is a cheaper and more efficient blockchain.
The latest Bitcoin alternative coin has something else going for it that Bitcoin doesn’t – staking built in by design.
If you buy Bitcoin BSC today with BNB, you can start staking and earning yield. Token buyers have jumped at the chance to start locking in passive income. So over 1,000,000 $BTCBSC has been staked and is currently earning an annual percentage yield (APY) of 268%.
The current staked tokens amounts to almost half of the total number of sold $BTCBSC to date.
Often when you see an APY in triple figures, it can ring alarm bells given the huge spread it represents over the current interest rate levels in the advanced economies, which are in single figures.
Everything is transparent with Bitcoin BSC, which means you can keep tabs on how many token holders are staking by visiting the real-time Bitcoin BSC staking dashboard.
In addition, the project’s smart contracts are audited, and a guarantee of locked liquidity has been provided by the team for when it is listed on the Uniswap decentralized exchange (DEX).
With $BTCBSC, there is no impenetrable and opaque algorithm-based financial engineering built on rickety foundations like Terra Luna. Instead, Bitcoin BSC has allocated 69% of token supply to be paid out in rewards to stakers.
The pre-mined $BTCBSC tokens are emitted at a rate of 0.25 $BTCBSC per block in a block production schedule that mimics Bitcoin by rolling time back to 2011.
$BTCBSC rewards are paid out every 10 minutes in a similar fashion to the Bitcoin blockchain.
Bitcoin BSC is part of a new wave of derivative clone coins into the bitcoin space, drawing on the version 2.0 theme but, in this case, also leveraging the utility of staking.
These staking-based bitcoin clone coins come to market with the added security of buyers knowing that they come with a sizeable portion of the token-holding community already committed to the project through their deposits into its staking smart contract.
This means when the token launches on decentralized exchanges, there will be far less selling pressure due to the yield-bearing presence of staking at the heart of its tokenomics.
Staked coins have a seven-day withdrawal lock, after which tokens can be taken off stake at any time. Those who initiate stakes after $BTCBSC is listed will be able to stake their tokens regardless of whether they have bought with BNB or ETH. But if you wish to initiate staking while the presale is still in progress, then you must purchase with BNB.
Staking makes offerings like Bitcoin BSC far superior to the utility-light meme coin version 2 clones such as Pepe 2.0, Dogecoin 2.0, Shiba Inu 2.0, or even the likes of Bitcoin 2.0, whose only resemblance to bitcoin was in the name of the token.
Then there are coins such as HarryPotterObamaSonic10Inu (HPOS10I) that uses the ticker BITCOIN on DEXs – although most centralized exchanges refuse to allow it to use it. It does not have a 21 million supply and is really a meme coin take on Bitcoin with zero utility.
Nevertheless, as a meme coin that has achieved a level of virality, HPOS10I has attracted substantial interest, providing an example of the power of ‘bitcoin’ brand name recognition. From launch to peak, HPOS10I has returned 66,000% for early investors, provided they sold at the top.
But Bitcoin BSC is looking to play at the more serious end of the spectrum, where coins such as Bitcoin Cash and Bitcoin SV have attracted considerable attention as alternatives to Bitcoin.
However, these assets are forks from the original blockchain and carry all the baggage and complications that come with that, such as maintaining and developing the protocol.
Still, Bitcoin Cash was the earliest such fork if we exclude Litecoin, and although it is some way off its highs, it has nevertheless been able to outperform Bitcoin in recent weeks.
Then there’s BTC20 coin which launched a little over a month ago and also compares favorably to Bitcoin. While bitcoin has slid, at one stage slipping under $25,000 earlier this week, BTC20 has not only stayed in the green, it has been earning yield for its stakers.
While Bitcoin is down 7.3% in the past 30 days, BTC20 is up 14% on its list price of $1. Bitcoin Cash is up 4.5% in the past month, also outperforming Bitcoin.
We should also add that in the case of BTC20, shortly after listing, it reached an all-time high of $5.9 for a 6x return for presale investors.
Although some of the comparative returns cited above may not feel particularly spectacular by crypto volatility standards, savvy investors who have been around the block will be aware of the improving fundamentals for Bitcoin and how clone coins with better risk-reward potential, like Bitcoin BSC, are likely to benefit in an outsized way.
Joe Parys Crypto YouTube channel, with 300k-plus subscribers, is tipping $BTCBSC as one of five Bitcoin alternatives to see a price explosion.
Another crypto YouTube analyst has invested $840 into BTCBSC, attracted by the APY as well as the token price appreciation potential.
Bitcoin block rewards are due for their four-yearly halving in April 2024, and if past performance is a guide, the coin is on the cusp of yet another bull run. Each previous halving cycle bull run has seen bitcoin hit higher highs.
Aligning with that view, Pantera Capital predicts that the next cycle will be no different. The crypto asset manager reckons bitcoin will retrace back to $36,000 by the end of this year and surge to around $147k in the next halving cycle.
True to form, bitcoin derivative coins will be among the leading beneficiaries of the halving cycle bull run, likely to outpace many other altcoins.
Institutions and savvy investors have started accumulating Bitcoin in readiness for the next bull run.
Aside from the halving, the prospect of a spot Bitcoin ETF and the flood of new money – retail and institutional – that will flow into the Bitcoin and broader crypto market as a result, means the next altcoin season threatens to be the mother of all melt ups.
Do your own research, but it probably makes sense to get ready for the upturn by adding some low-cap sparkle to your portfolio.
A relatively modest allocation now to Bitcoin BSC could turn into 5x or even 100x gains very quickly, and in the near future, as we go into the halving cycle, life-changing profits could be on the table.
If you think digital currencies like Bitcoin are the future but missed out the first time around, then Bitcoin BSC provides a rare opportunity to grab a slice of the action before the bulls start rampaging.
You can buy $BTCBSC today with BNB, ETH or USDT. The minimum purchase amount is $10. Buy with BNB if you want to start staking straightaway before the presale ends. Those who choose to buy with ETH can start staking as soon as the presale ends.
Media contact: [email protected]
Website: bitcoinbsc.io
Social Channels: Twitter | Telegram Community
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Fintech PR
Ridgewood Infrastructure Announced $1.2 Billion Final Close for Fund II, Significantly Surpassing Its Target
NEW YORK, Jan. 15, 2025 /PRNewswire/ — Ridgewood Infrastructure (“Ridgewood”), a leading investor in essential infrastructure in the U.S. lower middle market, today announced the final close of its second fund, Ridgewood Water & Strategic Infrastructure Fund II LP (“Fund II”), with $1.2 billion in capital commitments, significantly surpassing its $1 billion target.
Fund II attracted a diverse mix of leading institutional investors, including returning and new public and corporate pensions, insurance companies, endowment funds, and asset managers from North America, Europe, Asia, and the Middle East.
A continuation of Ridgewood’s established strategy, Fund II is focused on investments in essential infrastructure businesses and assets that provide critical services in sectors including water, energy, transportation, and utilities. Ridgewood’s operationally oriented, value creation approach emphasizes scaling, professionalizing, and enhancing the strategic positioning of its investments.
“We are grateful for the continued significant support from our existing partners and are excited to welcome several new LPs from across the globe,” said Ross Posner, Managing Partner of Ridgewood Infrastructure. “This is a meaningful milestone for our firm, and we are deeply appreciative of the trust our partners continue to place in our team and strategy.”
Michael Albrecht, Managing Partner, added: “We look forward to continuing to deliver value for our investors and the many communities in which our portfolio companies operate.”
Fund II has already made several notable investments, including the Prospect Lake Clean Water Center, the third-largest water public-private partnership in U.S. history, which will provide approximately 80% of Fort Lauderdale’s fresh water under a 30-year concession agreement.
Ridgewood has also had notable recent exits from its inaugural fund (“Fund I”). Last October, Fund I sold its controlling interest in the Vista Ridge Water Pipeline, America’s largest water public-private partnership, which supplies approximately 20% of San Antonio’s fresh water under a 30-year concession agreement. Earlier this month, Fund I also sold its controlling interest in SiEnergy, one of the fastest growing regulated utilities in America.
“Our achievements reflect the exceptional capabilities of our team and the strength of the Ridgewood platform,” said Matthew Swanson, Founding Partner of Ridgewood Infrastructure. “We look forward to building upon this strong foundation of success in the years to come.”
Eaton Partners, a Stifel company, acted as the placement agent, and Vinson & Elkins LLP served as legal counsel for the fund.
About Ridgewood Infrastructure
Ridgewood Infrastructure is a leading infrastructure investor in the U.S. lower middle market with sectors of focus including water, energy, transportation, and utilities. For more information, visit www.ridgewoodinfrastructure.com.
Contact Information: Ridgewood Infrastructure
527 Madison Avenue, 18th Floor
New York, NY 10022
Phone: (212) 867-0050
Email: [email protected]
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Fintech
Fintech Pulse: Your Daily Industry Brief (Plaid, Warner Bros., TransUnion, Monevo, FinVolution, CreditTech, Glenbrook Partners)
Op-Ed: The Dawn of a Fintech Spring
As the financial technology sector continues to navigate the complex post-pandemic landscape, recent developments suggest a revitalized period of growth and innovation. Key players are making bold moves, partnerships are forming, and underserved markets are gaining attention. In this briefing, we explore the latest headlines and what they reveal about the industry’s trajectory.
Plaid Reports Growth in Revenue and Usage Rates
Plaid, the connective tissue of the fintech ecosystem, has shown remarkable resilience and growth. The company’s CEO recently highlighted a surge in both revenue and usage rates, describing the current period as a “fintech spring.” This growth comes as consumer demand for seamless financial solutions remains high, despite macroeconomic challenges.
Plaid’s ability to maintain relevance is tied to its strategic partnerships and continuous innovation. By enabling applications like Venmo and Robinhood to thrive, Plaid underscores the importance of integration in fostering user trust and utility.
Source: Bloomberg
Warner Bros. Discovery Strengthens Board with Fintech Leadership
Warner Bros. Discovery is diversifying its board by bringing in SoFi CEO Anthony Noto and outgoing IAC Chief Executive Joseph Levin. This move signals the increasing influence of fintech expertise beyond traditional financial sectors. With Noto’s leadership in digital banking and Levin’s extensive background in technology-driven enterprises, Warner Bros. Discovery is positioning itself for a future that seamlessly blends media and financial technology.
This cross-industry synergy could lead to innovative offerings, bridging gaps between entertainment platforms and fintech applications, such as micro-investing and personalized financial recommendations for content consumers.
Source: Reuters
TransUnion to Acquire Monevo
Credit reporting agency TransUnion has announced its plans to acquire Monevo, a leading credit prequalification and distribution platform. This acquisition aims to enhance TransUnion’s capabilities in the credit technology space, allowing it to offer more personalized and accessible financial solutions to consumers.
By integrating Monevo’s platform, TransUnion is expected to provide lenders with advanced tools to better assess creditworthiness while empowering consumers with prequalified loan offers. This development is particularly timely as consumers increasingly seek transparency and efficiency in credit processes.
Source: TransUnion Press Release
FinVolution Highlights CreditTech Opportunities in Southeast Asia
Ming Gu, Senior Vice President of FinVolution, emphasized the transformative potential of CreditTech in Southeast Asia during his address at the Asian Financial Forum. With a significant portion of the region’s population still underserved by traditional financial institutions, CreditTech presents a unique opportunity to bridge the gap.
Gu pointed out that leveraging AI and data analytics can help tailor credit solutions for diverse needs, ultimately fostering financial inclusion and economic growth in these emerging markets. FinVolution’s insights reaffirm the critical role of fintech in empowering underserved communities.
Source: PR Newswire
Glenbrook Partners Launches On-Demand Learning Program
Payments consultancy Glenbrook Partners has introduced an on-demand learning platform designed to educate professionals in the payments industry. This initiative is expected to address the growing need for skilled talent as digital payment ecosystems expand globally.
The program offers modular content covering foundational and advanced topics, catering to professionals at various stages of their careers. By equipping individuals with in-depth knowledge, Glenbrook is contributing to the industry’s sustainability and growth.
Source: PR Newswire
Analysis and Takeaways
These stories collectively highlight a few key trends shaping the fintech landscape:
- Resilient Growth: Plaid’s trajectory reaffirms that consumer-centric innovations drive sector resilience even during economic uncertainties.
- Cross-Industry Integration: Warner Bros. Discovery’s board appointments underline fintech’s permeation into traditionally non-financial domains.
- Strategic Acquisitions: TransUnion’s acquisition of Monevo showcases how established players are leveraging fintech to enhance service offerings.
- Global Inclusivity: Efforts by FinVolution and others highlight the role of fintech in addressing global financial disparities.
- Education and Skill Development: Initiatives like Glenbrook’s program reflect a proactive approach to fostering a knowledgeable workforce.
The post Fintech Pulse: Your Daily Industry Brief (Plaid, Warner Bros., TransUnion, Monevo, FinVolution, CreditTech, Glenbrook Partners) appeared first on News, Events, Advertising Options.
NEW YORK, Jan. 15, 2025 /PRNewswire/ — J.F. Lehman & Company (“JFLCO”), a leading middle-market private investment firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce several promotions and team additions.
Promotions include Karina Perelmuter to Managing Director, Megan E. Kanefsky to Director, Bridget A. Harding to Vice President and Bailee D. Glass to Associate. “Our latest promotions highlight the exceptional contributions by these individuals as well as our established track record cultivating career progression,” said Louis N. Mintz, Partner. “Their dedication and impact across our own organization and our portfolio companies illustrates our commitment to excellence and fostering sustained success.”
The firm also recently welcomed several new investment professionals including Sandra Wong, Jack R. Chandler, Yosef W. Medhin, Jack R. Smith and Emily O. Strambi. JFLCO’s functional capabilities were augmented with the addition of Isabel R. Grabel and Jessica S. Godt in Investor Relations, Miguel Zhindon in Technology and Grace Xu in Finance & Accounting.
“We continue to attract outstanding new talent following the successful closing of our latest buyout fund,” said Glenn M. Shor, Partner. “These new team members further enhance the firm’s capacity and capabilities.”
Recent Promotions
Karina Perelmuter, Managing Director, Marketing & Investor Relations. Prior to joining the firm in 2019, Ms. Perelmuter served as a Vice President in Lazard’s Private Capital Advisory practice, a member of the Investor Relations team at Tiger Global and a Fund Accountant at Mount Kellett. She began her career in Assurance at Ernst & Young. Ms. Perelmuter graduated magna cum laude from American University, where she earned a B.S. in finance and accounting.
Megan E. Kanefsky, Director, Human Capital. Prior to joining the firm in 2021, Ms. Kanefsky spent 15 years in the Human Resources Group at Blackstone, where she focused on recruiting, benefits administration, performance evaluation and organizational development. Ms. Kanefsky earned a B.A. in psychology from the University of Maryland and an M.A. in industrial and organizational psychology from Baruch College.
Bridget A. Harding, Vice President. Prior to joining the firm in 2020, Ms. Harding began her career as an Investment Banking Analyst in Goldman Sachs’ Global Industrials Group. Ms. Harding graduated summa cum laude from Lehigh University, where she earned a B.S. in accounting and finance.
Bailee D. Glass, Associate. Prior to joining the firm in 2022, Ms. Glass began her career as an Alternative Investments Research Analyst in BlackRock’s hedge fund solutions group. Ms. Glass graduated from the University of Chicago, where she earned a B.A. in economics.
Investment Team Additions
Sandra Wong, Vice President, Credit. Prior to joining the firm, Ms. Wong served as Vice President on the U.S. Investment Team at Strategic Value Partners, where she focused on distressed and special situations opportunities. She began her career as an Investment Banking Analyst at Credit Suisse, where she later transitioned to the Private Equity Group. Ms. Wong earned a B.A. in business economics as well as a minor in accounting from UCLA and an M.B.A from the Wharton School at the University of Pennsylvania.
Jack R. Chandler, Associate. Prior to joining the firm, Mr. Chandler began his career as an Investment Banking Analyst at Grace Matthews. He graduated magna cum laude from the University of Notre Dame, where he earned a B.B.A. in finance and applied computational mathematics and statistics.
Yosef W. Medhin, Associate. Prior to joining the firm, Mr. Medhin was an Investment Banking Analyst in Citi’s Industrials Group and began his career as an Investment Banking Analyst at Deutsche Bank. He graduated from Washington and Lee University, where he earned a B.S. in business administration.
Jack R. Smith, Associate. Prior to joining the firm, Mr. Smith began his career at Morgan Stanley in the Private Equity Solutions group. He graduated summa cum laude from Drexel University, where he earned a B.S. in finance.
Emily O. Strambi, Analyst. Prior to joining the firm, Ms. Strambi began her career as an Equity Trading Analyst at the Royal Bank of Canada, where she covered the healthcare and consumer sectors. She graduated magna cum laude from the Wharton School at the University of Pennsylvania, where she earned a B.S. in economics with concentrations in finance and business analytics as well as a minor in legal studies and history.
Other Team Additions
Isabel R. Grabel, Marketing & Investor Relations. Prior to joining the firm as a Senior Associate, Ms. Grabel was a Senior Associate at Harvest Partners, where she focused on private equity investments in industrials, healthcare, business services and consumer products. She began her career as an Investment Banking Analyst at Jefferies. Ms. Grabel graduated from the Ross School of Business at the University of Michigan, where she earned a B.B.A. with a concentration in finance and financial management services.
Jessica S. Godt, Marketing & Investor Relations. Ms. Godt joined JFLCO in 2024 to support and consult on the firm’s marketing and fundraising efforts across private equity and credit strategies. Previously, Ms. Godt served as Vice President of Investor Relations at Warwick Investment Group and began her career in Lazard’s Private Capital Advisory practice. She earned a B.S. in commerce with concentrations in finance and management and a minor in business analytics from the University of Virginia.
Miguel Zhindon, Enterprise Technology. Prior to joining the firm as a Vice President, Mr. Zhindon served as a Senior Technology Consultant at iCorps Technologies, tailoring IT strategies, training and technical support for JFLCO and other clients. Previously, Mr. Zhindon held various roles in network administration and telecommunications. He began his career in the United States Marine Corps and graduated from Pace University, where he earned an M.S. in information systems and assurance.
Grace Xu, Finance & Accounting. Prior to joining the firm as an Assistant Controller, Ms. Xu served as a Business Unit Controller at Millennium Management. Previously, Ms. Xu worked as a Manager at PricewaterhouseCoopers in the financial services group. Ms. Xu earned a B.S. in accounting from Pennsylvania State University. Ms. Xu is a Certified Public Accountant.
About J.F. Lehman & Company, Inc.
Founded in 1992, J.F. Lehman & Company focuses exclusively on investing in the aerospace, defense, maritime, government and environmental industries. The firm has offices in New York and Washington, D.C.
http://www.jflpartners.com
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