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Blair Institute Urges Labour to Embrace FinTech for Economic Growth

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The Tony Blair Institute for Global Change is urging the Labour Party to harness the potential of the FinTech sector to drive economic growth, opportunity, and inclusivity across the UK if it secures victory in the upcoming UK general election.

In collaboration with the Startup Coalition, led by former Prime Minister Tony Blair, the Institute has released a report highlighting the capacity of FinTech firms to fuel economic expansion, provided they operate within a conducive environment, as reported by Finextra.

This necessitates optimizing incentives such as R&D tax credits and share option schemes, fostering FinTech export opportunities, and ensuring regulatory clarity.

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With Labour maintaining a significant lead in the polls, there is widespread anticipation that Keir Starmer’s Party will return to power after 14 years in opposition. Blair is urging them to articulate a progressive vision for FinTech.

Labour has already committed to developing an open finance roadmap, aligning with recent government initiatives such as the establishment of a task force. However, the Blair report emphasizes the swift establishment of an Open Finance framework within the first 100 days of taking office.

Furthermore, the report advocates for the implementation of a comprehensive national financial inclusion strategy, prioritizing innovation.

It also recommends introducing regulations for Buy Now Pay Later lending within the same timeframe, along with mandating financial education in primary schools by 2025.

Jeegar Kakkad, Director of Government Innovation at the Tony Blair Institute for Global Change, stated, “FinTech startups have a crucial role to play in breaking down barriers to financial opportunity across the UK. By developing a national financial inclusion strategy with FinTech at its core and delivering innovations like Open Finance, we can enhance choice and competition in financial services. This will empower individuals and communities to take control of their financial well-being like never before.”

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Source: fintech.global

The post Blair Institute Urges Labour to Embrace FinTech for Economic Growth appeared first on HIPTHER Alerts.

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JanOne’s Subsidiary, Alt5, Reports 91% year over year increase in Transaction Volume to US $289 million for April and May 2024

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LAS VEGAS, June 13, 2024 /PRNewswire/ — JanOne Inc. (Nasdaq: JAN), a multidisciplinary organization with a focus on healthcare and fintech, released today its wholly-owned subsidiary, ALT5 Sigma, transaction volume for April and May 2024.

According to the Company, ALT5 Sigma transaction volume reached US$289 million for the months of April and May 2024 combined, compared to US$151 million in transaction volume for the months of April and May 2023 combined, representing a year-over-year increase of 91%.

“Since inception, we have relied solely on word-of-mouth and client referrals to grow our business and have managed a steady growth year-over-year, and now we begin to roll out our global marketing strategies,” said Andre Beauchesne, President of Alt5 Sigma. “The adoption of cryptocurrencies in many industries is accelerating and our B2B solutions can be easily integrated into all business processes from checkout to payouts,” further added Mr. Beauchesne.

About ALT5 Sigma Inc.

Launched in 2018, ALT5 is a fintech company that provides next generation blockchain-powered technologies to enable a migration to a new global financial paradigm. ALT5, through its subsidiaries, offers two main platforms to its customers: “ALT5 Pay” and “ALT5 Prime”. The Company processed over US$1.2 billion in cryptocurrency transactions in 2023.

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ALT5 Pay is a crypto-currency payment gateway that enables registered and approved global merchants to accept and make crypto-currency payments or to integrate the ALT5 Pay payment platform into their application or operations using the plugin with WooCommerce and or ALT5 Pay’s checkout widgets and APIs. Merchants have the option to convert to fiat currency (s) automatically or to receive their payment in digital assets.

ALT5 Prime is an electronic over-the-counter trading platform that enables registered and approved customers to buy and sell digital assets. Customers can purchase digital assets with fiat and, equally, can sell digital assets and receive fiat. ALT5 Prime is available through a browser-based access mobile phone application named “ALT5 Pro” that can be downloaded from the Apple App Store, from Google Play, through ALT5 Prime’s FIX API, as well as through Broadridge Financial Solutions’ NYFIX gateway for approved customers.

About JanOne

JanOne is a unique Nasdaq-listed multidisciplinary organization with a focus on healthcare and fintech. JanOne is one of the constituents of the Russell Microcap Index, starting June 28, 2024. Through its biotech activities, JanOne is developing innovative, actionable solutions intended to help end the opioid crisis. JanOne is dedicated to funding resources toward innovation, technology, and education to find a key resolution to the national opioid epidemic, which is one of the deadliest and most widespread in the nation’s history. Its drugs in the clinical trial pipeline have shown promise for their innovative targeting of the causes of pain as a strategic option for physicians averse to exposing patients to addictive opioids.

JanOne’s ALT5 subsidiary is a global fintech that provides next generation blockchain powered technologies for the trading, clearing, settlement, payment, and custodianship of digital instruments.

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Please visit www.janone.com for additional information.

Forward Looking Statements

This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the statements that JAN 101 will treat PAD, that JAN 123 will treat CRPS, the timing of the commencement of clinical trials, that the FDA will permit approval through a 505(b)(2) pathway for JAN 123, that upon approval JAN 101 will immediately disrupt the PAD market, and other statements, including words such as “continue”, “expect”, “intend”, “will”, “hope” “should”, “would”, “may”, “potential”, and other similar expressions. This press release also contains statements and links relating to the profitability and prospective growth of ALT5’s platforms and business, including, but not limited to international currency risks, third-party or customer credit risks, liability claims stemming from Alt5’s services, and technology challenges for future growth or expansion. Such statements reflect JanOne’s current view with respect to future events, are subject to risks and uncertainties, and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by JanOne, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.

Many factors could cause JanOne’s actual results, performance or achievements to be materially different from any future results, performance or achievements described in this press release. Such factors could include, among others, those detailed in the Company’s periodic reports filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in JanOne’s filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and JanOne does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. JanOne cannot assure that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Media Contact Investor Relations
[email protected]
1-800-400-2247

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KuCoin Research Report Highlights Crypto Market Surge in May with AUM for BTC ETF Rebounded to $60 Bn Mark

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VICTORIA, Seychelles, June 13, 2024 /PRNewswire/ — According to the latest monthly report by KuCoin Research, the crypto market experienced a significant uptick in activity and positive developments throughout May 2024. A major highlight was the unexpected regulatory approval of a Spot Ethereum ETF, which has significantly bolstered market confidence. The total assets under management (AUM) for Bitcoin spot ETFs rebounded to the $60 billion mark, reflecting renewed investor interest. Meanwhile,the stablecoin sector is showing mixed performance, with USDC and FDUSD seeing declines, while USDe achieving a new issuance peak.

Distinct trends were observed in public chains and Layer2 solutions, with platforms such as Base and Linea continuing to attract net inflows, standing out in a market shifting away from once-dominant narratives of high-performance public chains and low-cost on-chain fees. Despite a slight decrease in the number of disclosed crypto investment projects and funding amounts month-over-month, the year-over-year growth suggests sustained capital interest and developmental potential in the industry.

The KuCoin Monthly Research Report provides valuable insights and data analysis that helps industry participants make informed decisions and stay updated on the latest advancements. This commitment to knowledge dissemination reflects KuCoin’s dedication to supporting the growth and maturation of the cryptocurrency ecosystem.

Read the full report here.

About KuCoin Research

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KuCoin Research is a leading provider of research and analysis in the cryptocurrency industry. With a team of experienced analysts and researchers, KuCoin Research aims to deliver high-quality insights and reports to empower investors and industry professionals.

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Bitrue Launches Aethir $ATH 3-Week Trading Marathon Featuring 1,180,000 ATH Prize Pool

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VICTORIA, Seychelles, June 13, 2024 /PRNewswire/ — Bitrue, a leading cryptocurrency exchange, is excited to announce the launch of the 3-week ATH Trading Marathon, featuring a staggering 1,180,000 ATH Prize Pool. This event comes hot on the heels of Aethir (ATH) being listed on Bitrue on June 12, 2024. The trading marathon will take place from June 13, 2024, until July 4, 2024.

The ATH Trading Marathon is just one of the many exciting campaigns Bitrue has planned for users during their Aethir Launch Week campaign. The week-long celebration includes various activities and events designed to engage and reward the Bitrue community. Below is a rundown of the Aethir Week events:

  • June 12: Aethir ($ATH) Listing – A momentous occasion as Aethir joins the Bitrue platform, providing users with more opportunities to trade and invest in this promising cryptocurrency.
  • June 12: Bitrue x Aethir AMA with Co-Founder and COO, Mark Rydon – An exclusive Ask Me Anything session where users tuned into insights surrounding Aethir’s vision, future plans, recent developments, and their partnership with Bitrue.
  • June 13 – July 4: Trading Marathon – The highlight of Aethir Week, this thrilling trading competition offers participants a chance to win from the impressive 1,180,000 ATH Prize Pool. Traders will showcase their skills and compete for the top spots on the leaderboard. The greater an individual’s trading volume, the more of the prize pool they stand to win.
  • June 18: $ATH/$BTR Staking Campaign – Bitrue users can stake their Aethir (ATH) and Bitrue Token (BTR) to earn attractive rewards and maximize their return on investment.

Aethir ATH is a DePIN (Decentralized Physical Infrastructure Network) project that provides on-demand access to GPU infrastructure for the purposes of gaming, AI research, and development. This decentralized model allows large companies to spin up and scale computationally-intensive projects rapidly without requiring significant time or capital investment, while also providing enterprise-level equipment to hobby-level gamers who would otherwise have no means of access.

Bitrue is committed to providing its users with a secure and user-friendly trading experience. With the ATH Trading Marathon, Bitrue aims to foster a vibrant trading community and reward participants for their active involvement. Traders can seize this opportunity to showcase their trading prowess and potentially earn substantial rewards.

About Bitrue

Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans, and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. It has offices in Asia and Europe and continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available on Bitrue’s website.

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