Blockchain-based database

Western Alliance Bank Partners with Tassat to Deliver Blockchain-Based Payments Network to Business Clients

Thursday, December 2, 2021 - 11:56pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20211202006025/en/
    This platform will enable Western Alliance Bank clients to make instant payments 24 hours a day, 365 days a year to other Western Alliance Bank customers enrolled in TassatPay.
  • Western Alliance believes there will be growing demand for instantaneous digital payments among our clients and others as this technology continues to mature, said Kenneth A. Vecchione, President and CEO, Western Alliance Bank.
  • Were pleased that Western Alliance Bank is giving its clients access to the TassatPay platform, said Ron Totaro, CEO of Tassat.
  • Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking brands and has offices in key markets nationwide.

Tassat Announces Executive Leadership Changes to Accelerate Growth of Digital Payments Platform

Tuesday, November 30, 2021 - 2:25pm

Tassat Group Inc. , the leading blockchain technology provider of digital payment systems for banks B2B clients, today announced three major appointments to its executive leadership team.

Key Points: 
  • Tassat Group Inc. , the leading blockchain technology provider of digital payment systems for banks B2B clients, today announced three major appointments to its executive leadership team.
  • The leadership selections come in response to growing interest in the TassatPay platform, which enables banks to issue cash-backed stablecoins, facilitating real-time payments for their B2B clients.
  • Kevin Lupowitz joined Tassat in 2018 and has led the companys strategic research and development initiatives.
  • Tassat is the digital payments platform that positions banks for the future of commercial banking, said Totaro.

Kevin Lupowitz Joins Extraordinary Re as Investor and Advisor

Tuesday, November 30, 2021 - 8:00am

At CLEAR, Lupowitz lead the effort to build a highly secure and scalable public cloud-based solution that received Department of Homeland Security SAFETY Act certification as a qualified anti-terrorist solution.

Key Points: 
  • At CLEAR, Lupowitz lead the effort to build a highly secure and scalable public cloud-based solution that received Department of Homeland Security SAFETY Act certification as a qualified anti-terrorist solution.
  • Lupowitz was CIO at FXall, one of the largest institutional foreign exchange marketplaces, which was subsequently acquired by Thomson Reuters.
  • Lupowitz is also a named inventor on 13 U.S. patents covering electronic securities, trade execution, and tokenless biometric security screening.
  • At !Re, Lupowitz joins experts in trading systems and insurance who have confidence in the company's mission and leadership.

Kevin Lupowitz Joins Extraordinary Re as Investor and Advisor

Tuesday, November 30, 2021 - 8:00am

Lupowitz was CIO at FXall, one of the largest institutional foreign exchange marketplaces, which was subsequently acquired by Thomson Reuters.

Key Points: 
  • Lupowitz was CIO at FXall, one of the largest institutional foreign exchange marketplaces, which was subsequently acquired by Thomson Reuters.
  • Lupowitz started his career as a software engineer for the first electronic order management system for institutional trading of equity and money market instruments.
  • Lupowitz is also a named inventor on 13 U.S. patents covering electronic securities, trade execution, and tokenless biometric security screening.
  • At !Re, Lupowitz joins experts in trading systems and insurance who have confidence in the company's mission and leadership.

Voice Street Platform's Offerings Are Music to Gamers' Ears

Thursday, November 25, 2021 - 6:26pm

Voice Street is undoubtedly one of the NFT projects which has been gaining traction since October.

Key Points: 
  • Voice Street is undoubtedly one of the NFT projects which has been gaining traction since October.
  • Voice Street hopes that NFT technology will not only securitize an important music intangible asset, but also provide liquidity to the already traditionally solidified and stagnant copyright sector.
  • Voice Street's copyright securitization products will be available through an IMO (initial music offering) in early December.
  • By this point, all music products released on the Voice Street platform will be useable as in-game NFT applications.

Tassat Reports Record Interest in Its Blockchain-Based B2B Payments for Banks and Stablecoin Offering

Wednesday, November 17, 2021 - 4:15pm

Tassat Group Inc. , the leading blockchain-based B2B payments platform provider to U.S. banks, reports it has received a record number of inquiries from banks for its TassatPay platform, which enables banks to issue cash-backed stablecoins, facilitating real-time payments for their B2B clients.

Key Points: 
  • Tassat Group Inc. , the leading blockchain-based B2B payments platform provider to U.S. banks, reports it has received a record number of inquiries from banks for its TassatPay platform, which enables banks to issue cash-backed stablecoins, facilitating real-time payments for their B2B clients.
  • With the Presidents Working Group on Financial Markets calling for stablecoins to be issued by banks, Tassat reports record interest from U.S. banks wanting to participate in the global blockchain-based payments market, specifically around bank-issued stablecoins.
  • B2B clients recognize that blockchain-enabled payments offer better fraud protection, faster settlement and reduced inefficiencies while lowering their costs.
  • Since launching in 2018, Tassat has processed more than $220 billion in real-time secure payments within the U.S. banking system.

SOS Ltd. Announces Pricing of Approximately $90.1 Million Registered Direct Offering

Wednesday, November 10, 2021 - 2:00pm

QINGDAO, China, Nov. 10, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS"), an emerging blockchain-basedand big data-driven marketing solution provider,announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $90.1 million worth of its American Depositary Shares ("ADS") in a registered direct offering.

Key Points: 
  • QINGDAO, China, Nov. 10, 2021 /PRNewswire/ -- SOS Limited (NYSE: SOS) (the "Company" or "SOS"), an emerging blockchain-basedand big data-driven marketing solution provider,announced today that it has entered into a securities purchase agreement with certain accredited investors to purchase approximately $90.1 million worth of its American Depositary Shares ("ADS") in a registered direct offering.
  • The gross proceeds to the Company from the registered direct offering are estimated to be $90.1 million before deducting the placement agent's fees and other estimated offering expenses.
  • The registered direct offering is expected to close on or about November 12, 2021, subject to the satisfaction of customary closing conditions.
  • SOS disclaims any obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

SOS Reports Progress on the Construction of Its North American Super-Computing and Hosting Center

Tuesday, November 9, 2021 - 2:30pm

QINGDAO, China, Nov. 9, 2021 /PRNewswire/ -- SOS Limited (NYSE:SOS) (the "Company" or "SOS") reported the status of Phase I construction of its supercomputing and hostingcenter in North America.

Key Points: 
  • QINGDAO, China, Nov. 9, 2021 /PRNewswire/ -- SOS Limited (NYSE:SOS) (the "Company" or "SOS") reported the status of Phase I construction of its supercomputing and hostingcenter in North America.
  • The total power at the Wisconsin center isexpected to be 50MW, fueled by renewable power and grid power.
  • The Wisconsin facility is projected to have a total BTC hash power of 1,000 PH once in full capacity of operation.
  • Phase I of the center is projected to use up to 20MW 17 units of mobile smart data center are equipped for this purpose.

SigmaLedger’s CuBE, a Universal Solution for Coupons and Rewards, Adopted by P&G and Walgreens

Wednesday, November 3, 2021 - 2:02pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20211103005493/en/
    P&G and Walgreens adopt SigmaLedgers CuBE as a universal solution for coupons and rewards.
  • It is a proactive solution, rejecting fraud at POS (point of sale) in real-time at the first occurrence.
  • SigmaLedgers blockchain-based CuBE solution transforms the retail coupon technology landscape by accelerating clearances, improving traceability and vastly reducing fraud.
  • Walgreens ( www.walgreens.com ) is included in the United States segment of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a global leader in retail pharmacy.

Tassat CEO Praises Federal Stablecoin Recommendations

Tuesday, November 2, 2021 - 7:25pm

Ron Totaro, CEO of Tassat Group Inc. , whose TassatPay blockchain-based B2B payment platform enables bank-issued stablecoins, offered comments on the recommendations on stablecoins by the Presidents Working Group on Financial Markets and federal financial regulators:

Key Points: 
  • Ron Totaro, CEO of Tassat Group Inc. , whose TassatPay blockchain-based B2B payment platform enables bank-issued stablecoins, offered comments on the recommendations on stablecoins by the Presidents Working Group on Financial Markets and federal financial regulators:
    We applaud the recommendations of the Presidents Working Group and regulators.
  • Bank-issued stablecoins can further de-risk the U.S. financial system because they are backed 1:1 by U.S. dollars in FDIC-insured demand deposit accounts.
  • It is critical to ensure that appropriate risk-management standards are met, while creating, promoting and adopting standards for interoperability with all necessary parties.
  • Tassat was recently honored with a 2021 Google Cloud Customer Award for innovation in financial services.