Trade-weighted US dollar index

Paxos Receives In Principle Approvals from the Financial Services Regulatory Authority to Issue Stablecoins and Conduct Digital Asset Services from the Abu Dhabi Global Market

Retrieved on:

Wednesday, November 29, 2023

United States dollar, Monetary Authority of Singapore, FSRA, Money, Trade-weighted US dollar index, Commerce, KYC, Abu Dhabi Global Market, Freedom, AML, Prudential, Cryptocurrency, Paxos

Upon receiving full approval, Paxos will continue to expand the global footprint of their regulated USD-backed stablecoins.

Key Points:

Upon receiving full approval, Paxos will continue to expand the global footprint of their regulated USD-backed stablecoins.
The company's commitment to transparency, accountability and integrity is exemplified by its adherence to regulatory compliance and proactively seeking oversight.
Stablecoins issued with prudential oversight from established and reputable regulators represent a significant step towards democratizing access to commerce and financial services.
Paxos consistently pursues growth in global markets within regulated frameworks and engages with regulators to help inform digital asset rules.

Paxos Receives In Principle Approval from MAS for New Entity that Will Issue USD-Backed Stablecoin in Singapore

Retrieved on:

Thursday, November 16, 2023

United States dollar, Monetary Authority of Singapore, Payment, Money, Trade-weighted US dollar index, Commerce, Paxos, Payment Services Act 2019, IPA, MAS, KYC, AML, Cryptocurrency

SINGAPORE, Nov. 15, 2023 /PRNewswire/ -- Paxos, the leading regulated blockchain & tokenization infrastructure platform, secured in principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its new Singapore entity, Paxos Digital Singapore Pte. Ltd. to offer digital payment token services. Paxos Digital Singapore will issue a new US dollar stablecoin that MAS has acknowledged to be substantively compliant with MAS' proposed stablecoin regulatory framework, in advance of the legislative framework coming into force. Upon receiving full approval, Paxos will be able to partner with enterprise clients to issue the USD-backed stablecoin in Singapore.

Key Points:

First expansion into Asia of a US dollar stablecoin platform, substantively compliant with MAS' upcoming stablecoin framework
SINGAPORE, Nov. 15, 2023 /PRNewswire/ -- Paxos, the leading regulated blockchain & tokenization infrastructure platform, secured in principle approval (IPA) from the Monetary Authority of Singapore (MAS) for its new Singapore entity, Paxos Digital Singapore Pte.
Paxos Digital Singapore will issue a new US dollar stablecoin that MAS has acknowledged to be substantively compliant with MAS' proposed stablecoin regulatory framework, in advance of the legislative framework coming into force.
Upon receiving full approval, Paxos will be able to partner with enterprise clients to issue the USD-backed stablecoin in Singapore.
Paxos is at the forefront of ushering in a new era of stablecoin utility and mainstream adoption.

Startek Reports Third Quarter 2023 Financial Results

Retrieved on:

Thursday, November 9, 2023

EBITDA, United States dollar, Security (finance), Trade-weighted US dollar index, EPS, Calendar, GAAP, CSP, Bank, Cryptocurrency, Video game, Pharmaceutical industry

DENVER , Nov. 9, 2023 /PRNewswire/ -- Startek, Inc. (NYSE:SRT) ("Startek" or the "Company"), a global customer experience (CX) solutions provider, is reporting financial results for the third quarter ended September 30, 2023. As a result of current and planned divestitures, the Company has classified Middle East and Argentina operations as 'Held for Sale and Discontinued Operations'. Accordingly net revenue, gross profit, gross margin, SG&A expenses and adjusted EBITDA are reported for the continuing operations and net income, EPS, adjusted net income/(loss) and adjusted EPS are reported after consolidating continuing and discontinued operations.

Key Points:

Net revenue in the third quarter was $93.63 million compared to $94.88 million in the year-ago quarter.
Gross profit in the third quarter was $12.49 million compared to $14.57 million in the year-ago quarter.
Adjusted EBITDA* in the third quarter was $8.94 million compared to $9.54 million in the year-ago quarter.
As a result of the definitive agreement and upcoming plans to become a private company, Startek management will not be hosting a conference call to discuss the third quarter results.

Strike Motor Opens Purchase of Blockchain Motorcycle

Retrieved on:

Thursday, November 9, 2023

Climate, Trade-weighted US dollar index, Climate change, US, Motorcycle, VIN, GOOD, Edition, Cryptocurrency, Solana, GUSD

CHICAGO, Nov. 9, 2023 /PRNewswire/ -- Strike Motor, a Chicago, Illinois based electric vehicle company, today announced that it is now taking deposits for the purchase of the Founder's Edition model of its electric motorcycle.

Key Points:

CHICAGO, Nov. 9, 2023 /PRNewswire/ -- Strike Motor, a Chicago, Illinois based electric vehicle company, today announced that it is now taking deposits for the purchase of the Founder's Edition model of its electric motorcycle.
Not only do the motorcycles come with traditional Vehicle Identification Numbers (VIN) but they also come with cryptographically secure ownership tokens that are registered on the Solana blockchain.
This has several benefits including the ability to track motorbikes globally, theft prevention, and blockchain transfer of motorbike ownership.
"At Strike Motor, we are not afraid to take on hard problems and we are not afraid to tackle them in a radical way.

Caesarstone Reports Third Quarter 2023 Financial Results

Retrieved on:

Wednesday, November 8, 2023

Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its third quarter ended September 30, 2023.

Key Points:

Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its third quarter ended September 30, 2023.
Gross margin in the third quarter of 2023 was 19.1% compared to 23.0% in the prior year quarter.
Operating loss in the third quarter of 2023 was $2.0 million compared to operating income of $3.2 million in the prior year quarter.
Finance income in the third quarter of 2023 was $1.3 million compared to finance expenses of $4.3 million in the prior year quarter.

Bitt and the Government of the Republic of the Marshall Islands Sign MOU to Establish a National Digital Payments System

Retrieved on:

Monday, October 23, 2023

RMI, Republic, Marshall Islands, MOU, NDPS, Trade-weighted US dollar index, United States dollar, Partnership, SALT, Freedom, Cryptocurrency, Bitts

The NDPS is poised to revolutionize the financial landscape by addressing the economic challenges faced by marginalized entities within the Marshall Islands.

Key Points:

The NDPS is poised to revolutionize the financial landscape by addressing the economic challenges faced by marginalized entities within the Marshall Islands.
By harnessing blockchain technology and drawing upon Bitt's proficiency in digital asset management, the pilot program will explore the feasibility of digital alternatives in the Republic of the Marshall Islands' existing monetary framework.
Brian Popelka, CEO of Bitt, commented on the partnership: "We look forward to collaborating with the Marshall Islands.
Senator David Paul of the Republic of the Marshall Islands shared his enthusiasm about the collaboration, saying, "We are excited about our collaboration.

Bitt and the Government of the Republic of the Marshall Islands Sign MOU to Establish a National Digital Payments System

Retrieved on:

Monday, October 23, 2023

RMI, Republic, Marshall Islands, MOU, NDPS, Trade-weighted US dollar index, United States dollar, Partnership, SALT, Freedom, Cryptocurrency, Bitts

The NDPS is poised to revolutionize the financial landscape by addressing the economic challenges faced by marginalized entities within the Marshall Islands.

Key Points:

The NDPS is poised to revolutionize the financial landscape by addressing the economic challenges faced by marginalized entities within the Marshall Islands.
By harnessing blockchain technology and drawing upon Bitt's proficiency in digital asset management, the pilot program will explore the feasibility of digital alternatives in the Republic of the Marshall Islands' existing monetary framework.
Brian Popelka, CEO of Bitt, commented on the partnership: "We look forward to collaborating with the Marshall Islands.
Senator David Paul of the Republic of the Marshall Islands shared his enthusiasm about the collaboration, saying, "We are excited about our collaboration.

Gold Resource Corporation Announces Preliminary Third Quarter Results

Retrieved on:

Monday, October 16, 2023

Mining, Minerals, Natural Resources, Don, Sale, Silver, Gold, United States dollar, NYSE, Copper, Lead, Trade-weighted US dollar index, Zinc, Silver mining, Renewable energy

Gold Resource Corporation (NYSE American: GORO) (the “Company”) announces its preliminary third quarter results that includes the sale of 3,982 ounces of gold and 208,905 ounces of silver resulting in total gold equivalent (AuEq) ounces of 6,532.

Key Points:

Gold Resource Corporation (NYSE American: GORO) (the “Company”) announces its preliminary third quarter results that includes the sale of 3,982 ounces of gold and 208,905 ounces of silver resulting in total gold equivalent (AuEq) ounces of 6,532.
Additionally, the company sold 2,571 tonnes of zinc, 245 tonnes of copper, and 947 tonnes of lead.
During the nine months ending September 30, 2023, the company sold 24,306 AuEq ounces, 8,772 tonnes of zinc, 904 tonnes of copper, and 3,681 tonnes of lead.
Production during the quarter was on par with the last four quarters, however average grade decreased as was expected in our 2023 mine plan.

Caesarstone Reports Second Quarter 2023 Financial Results

Retrieved on:

Wednesday, August 9, 2023

Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its second quarter ended June 30, 2023.

Key Points:

Caesarstone Ltd. (NASDAQ: CSTE), a leading developer and manufacturer of high-quality engineered surfaces, today reported financial results for its second quarter ended June 30, 2023.
Gross margin in the second quarter of 2023 was 8.3% compared to 26.4% in the prior year quarter.
Operating loss in the second quarter of 2023 was $46.9 million compared to operating income of $6.4 million in the prior year quarter.
Upon dialing in, please request to join the Caesarstone Second Quarter 2023 Earnings Conference Call.

St Kitts and Nevis Citizenship by Investment Programme for South African HNWIs

Retrieved on:

Wednesday, June 14, 2023

The economic factors influencing South African HNWIs include rising inflation rates that impact the cost of living and business operations in South Africa.

Key Points:

The economic factors influencing South African HNWIs include rising inflation rates that impact the cost of living and business operations in South Africa.
The South African rand weakened against the US dollar has persuaded international investors to not see South Africa as a desirable destination.
St Kitts and Nevis Citizenship by Investment Programme is the oldest and most reputable programme in the investment migration industry.
This is a prime time for South African HNWIs to seek investment opportunities through St Kitts and Nevis' Sustainable Growth Fund, and in return explore the economic freedom the twin federation has to offer.