ark-investment-management-hires-global-finance-veteran-jana-haines-as-chief-strategy-officer

ARK Investment Management Hires Global Finance Veteran Jana Haines As Chief Strategy Officer

 

ARK Investment Management LLC (“ARK” or “ARK Invest”), a New York-based investment adviser focused solely on thematic investing in disruptive innovation, announced today that Jana Haines joined the team as Chief Strategy Officer on March 1, 2021.

Jana joins ARK after more than 14 years at MSCI, a leading provider of portfolio construction and risk management tools for global investors. Most recently, Jana served as a Managing Director and Head of Index Products, Americas & EMEA and Global Head of Fixed Income Indexes. She was a member of the Index Risk and Regulatory Committee and Investment Committee for MSCI’s US Retirement Plan. In her prior role, Jana served as Managing Director and head of MSCI’s Chicago office, where she built and led a team of top performing institutional sales specialists and consultants. Prior to MSCI, Jana garnered extensive global finance experience in diverse roles, among them Global Head of Equity and Equity Index Derivatives Market Making at HypoVereinsbank in Munich and Convertible Bond Arbitrage Portfolio Manager at Richie Capital, a Chicago-based hedge fund. She also co-founded the Private Equity Group in Prague and held several roles at Chicago Research and Trading Group (CRT). Jana holds an MBA from the University of Chicago Booth School of Business.

“We are truly excited that Jana Haines has agreed to join the ARK family,” stated ARK’s Founder, Chief Executive Officer, and Chief Investment Officer, Catherine Wood. “Jana is a highly respected finance veteran with deep connections across the financial services industry and a proven track record of executive leadership and experience. As Chief Strategy Officer, she will complement our existing leadership team as we evaluate future growth opportunities and scale ARK’s business.”

“I am thrilled to join ARK,” stated Haines. “I look forward to working closely with Cathie and the talented ARK team to capture, drive, and scale strategic business opportunities.”

astri-hosts-smart-city-forum-with-thought-leaders-and-distinguished-speakers

ASTRI hosts Smart City Forum with thought leaders and distinguished speakers

 

The Hong Kong Applied Science and Technology Research Institute (ASTRI) has hosted a Smart City Forum in which government, business and thought leaders shared their views on the essential collaboration for a smart city and what a “tech-backed” sustainable future looks like for Hong Kong as the territory is moving full steam ahead on its journey to become a world famed Smart City.

The event was opened by the Honourable Secretary for Innovation and Technology, Mr Alfred Sit Wing-hang, following the welcome remarks from ASTRI Chairman Ir Sunny Lee Wai-kwong.

“Developing Hong Kong into a smart city is undoubtedly an important commitment of the Government. However, the full participation of the private sector, academia and research institutes is also of paramount importance to help us move towards this goal. I am glad to learn that many of the technologies developed by ASTRI could play a part in our smart city development in various aspects,” said Mr Alfred Sit.

Ir Sunny Lee said, “ASTRI is fully aligned to our Government’s clear commitment to Hong Kong’s technological development. Smart City stands alongside FinTech, Intelligent Manufacturing, Health Tech and Application Specific Integrated Circuits, as one of ASTRI’s core areas of expertise and focus. We understand a Smart City needs Smart People and therefore our numerous talent development initiatives are focused on ensuring the next generation is able to keep up with the pace of innovation.”

On the first panel titled ‘The Essential Collaboration for a Smart City,’ panelists discussed how we could achieve our best results by not only working together, but also finding the balance between healthy and stimulating competition and cross-sector collaboration. On the second panel titled ‘What Does a Tech-backed Sustainable Future Look Like?’, speakers discussed various aspects of a smart city from talent development, gerontech and healthtech to fintech, blockchain, artificial intelligence and how these technological applications will impact Hong Kong as a smart economy in particular on small and medium sized businesses.

ASTRI’s Acting Co-CEO cum Chief Operating Officer Dr Martin Szeto, who featured on the second panel and delivered the event’s closing remarks, said, “The HKSAR Government has made innovation and technology a key pillar of its framework to ensure Hong Kong develops into a world famed Smart City characterised by a strong economy and high quality of living. We believe ASTRI, with our award-winning innovations and talented researchers, is uniquely positioned to support the government and deliver against this vision.”

Dr Lucas Hui, Acting Co-CEO cum Chief Technology Officer at ASTRI, provided an overview of ASTRI during the event, said, “ASTRI is committed to contributing to Hong Kong’s future as a Smart City, whether that is through our technological innovations in the various initiatives under the six smart areas, or leveraging on our thought leadership position in promoting and exploring how innovation and technology can bring a positive impact to our society and build a sustainable and efficient future for Hong Kong.”

The event was held in the Asia Society Hong Kong and live-streamed to an audience online.

smartmedia-technologies-unveils-the-next-evolution-of-nfts-to-create-unprecedented-advertising-outcomes-for-brands

SmartMedia Technologies Unveils The Next Evolution Of NFTs To Create Unprecedented Advertising Outcomes For Brands

 

In a push to revolutionize brand-to-consumer engagement, SmartMedia Technologies is launching The SmartMedia Lab: a self-service platform that allows agencies and brands to create immersive mobile advertising campaigns using its proprietary non-fungible tokens (NFTs), known as SmartMedia Objects (SMOs). The SMOs can be distributed and attributed programmatically across display, social, search and CTV to drive deeper brand engagement and produce better business outcomes. With the release of SmartMedia Objects, SMT cements the notion that NFT technology is here to stay, and expands its application across the sales and marketing funnel.

The innovative campaigns that the SmartMedia Lab can produce are only made possible by leveraging the tenants inherent to blockchain and NFTs. As a company who has been at the forefront of NFT technology since 2018, the recent buzz surrounding NFTs comes as no surprise to digital pioneer and CEO/CTO of SmartMedia Technologies Tyler Moebius.

“It’s extremely exciting to see others finally realizing the potential of NFTs that our team has always believed in,” says Moebius. “While many industries scramble to jump on the bandwagon now, SMT has been building and perfecting our SMOs for years, delivering secure and intelligent NFT campaigns for some of the largest brands in the world.”

Following the initial NFT blueprint, the trademarked SMOs evolve and expand upon the original concept. Unlike a standard NFT, SMOs are highly programmable, AR/VR enabled, network aware, and have the ability to run autonomous long-running code, making them artificially intelligent. They look like an App, feel like an App, and can be acquired, picked up or dropped using any HTML browser, all without download. Users can buy, sell and trade them just like a cryptocurrency on any of the NFT exchanges. Additionally, SMOs can be programmatically distributed and attributed back to a user or paid media channel without the use of cookies.

Having delivered SMO campaigns for top brands like MillerLite, Fjallraven and Ben & Jerry’s, SMT continues to help brands drive retail sales through innovative and interactive campaigns. In a campaign for Avocados of Mexico for Super Bowl LIV, SMT developed a consumer engagement reward system in which users were given the opportunity to acquire or win a SMO, the golden Avocado, worth $10,000.

“We are helping brands innovate and rethink what is possible when it comes to audience activation and engagement,” says Moebius. “We’ve seen the most widely used application of SMOs by our brands thus far in the form of giveaways to acquire new customers. However, the campaign possibilities are endless.”

SmartMedia Objects are the future of NFTs in the advertising space, acting as a valuable tool by allowing brands to engage directly with their consumers and ultimately decentralizing advertising all together. With the frontier of a cookieless digital world nearing, SMT delivers advanced solutions by providing autonomy over creative detail in digital engagement and secure first-party consumer data to brands.

final-tranche-of-private-placement-closed-–-total-closings-of-$1.6-million

Final Tranche of Private Placement Closed – Total Closings of $1.6 million

 

LUXXFOLIO Holdings Inc. (the “Company”) (CSE: LUXX) is pleased to announce that on March 19, 2021, the Company completed the final tranche of its non-brokered private placement that was previously announced on February 10, 2021 (the “Offering”).

The final tranche consisted of 904,914 common shares for gross proceeds of $316,720 for a total closing of 4,572,060 common shares at $0.35 per share equal to $1,600,221. The shares are subject to a four-month and one day hold period under securities laws.

An insider of the Company subscribed for 44,200 common shares in the final tranche of the Offering and such subscription is a “related party transaction” under Multilateral Instrument 61-101 (“MI 61-101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the insider, exceeds 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the transaction because the Company had not received and accepted a subscription from the insider at that time.

okexchain-welcomes-cosmostation-validator-node-operator-among-six-other-partners-to-its-rapidly-expanding-ecosystem

OKExChain welcomes Cosmostation validator node operator among six other partners to its rapidly expanding ecosystem

 

OKEx (www.okex.com), a world-leading cryptocurrency spot and derivatives exchange, is pleased to announce that the team behind the open-source public OKExChain has partnered with Cosmostation, an enterprise-level validator provider and end-user application developer. This collaboration marks the latest in a series of important partnerships — covering wallet providers, smart contract auditors, blockchain security specialists, and DeFi DApp developers — all serving to expand its rapidly growing ecosystem.

Cosmostation was designed to slot into the infrastructure of various proof-of-stake networks, with a particular focus on those built using Tendermint Engine and Cosmos SDK, such as OKExChain. Acting as a validator node on the network, the integration of Cosmostation will allow users on the OKExChain to easily and safely stake their tokens to earn rewards. To date, close to $3 billion in assets are already being staked using Cosmostation infrastructure.

In addition to efficient node operation, Cosmostation provides secure, user-friendly tools — such as noncustodial mobile and web wallets, as well as the Mintscan Block Explorer — and will be supporting OKExChain users across its product range. Its Mintscan Block Explorer is currently being used as the official Cosmos ecosystem explorer by the majority of exchanges and has been developed to meet the high specifications of Cosmos SDK-based networks.

Six other major partners have also joined the OKExChain ecosystem this quarter, including blockchain security experts, smart contract auditors and cybersecurity experts: Chains GuardBeosinCertikPeckShieldKnownSec and Chaitin. Each of these reputable security-oriented providers are helping to shore up OKExChain’s infrastructure for massive wider adoption, making it scalable and resistant to hackers and coding errors.

OKEx CEO Jay Hao commented on the latest partnerships:

“We’re extremely impressed with the work the OKExChain team has done so far in building out its ecosystem to make it as robust and user-friendly as possible. We’ve seen several major partnerships already this quarter and are thrilled to welcome Cosmostation as a trusted node operator on OKExChain. With its dedicated focus on trading, OKExChain is cementing its role as a serious contender in the DeFi economy.”

OKExChain has been following a phased launch since December 2020 and is preparing to switch on its EVM-compatible feature in the fourth, and final, stage. This means that developers on the Ethereum blockchain currently challenged by high network congestion and fees will be able to easily migrate their applications to a secure, decentralized chain with high throughput, low transaction fees and the support of some of the most respected names in the industry.

bitcoin-ira:-clients-invested-over-$100-million-dollars-into-interest-earning-program-in-just-30-days

Bitcoin IRA™: Clients Invested Over $100 Million Dollars Into Interest Earning Program In Just 30 Days

 

Bitcoin IRA, the world’s first, largest, and most secure digital asset IRA technology platform that allows users to buy, sell and swap cryptocurrencies for their retirement accounts, announces over one hundred million dollars have been invested into IRA Earn™. The new interest-earning program offers interest rates up to 6% annually on cash and crypto holdings. This news follows Bitcoin IRA COO Chris Kline’s appearance on CoinDesk TV, where he discussed the rapid growth of the Bitcoin IRA platform, the company’s mission to help Americans retire, and the wildly popular interest-earning program called IRA Earn.

Investors can create an account today, deposit funds into a self-directed retirement account, and then enroll in Bitcoin IRA Earn. Unlike traditional banks where the average savings rate is only 0.05%, the IRA Earn program offers rates approximately 100x higher, up to 6% annually, based on the blockchain’s unique ability to remove the middleman.

Retirement account owners can use Bitcoin IRA’s interest-earning program to increase the yearly return of their Traditional and Roth IRAs, and/or 401(K)s. For example, at the current rate, someone with $100,000 in cash could earn $30,000 via IRA Earn in just 5 years. This means clients taking advantage of this program can potentially earn faster and retire sooner with more money in their Bitcoin IRAs and/or 401(K)s.

Some of the highlights of the program include:

  • High-Interest Rates: Earn 6% APY on cash, 2.7% on Ethereum, and 2% on Bitcoin.
  • Low Minimums: Start earning interest with as little as $10,000.
  • Monthly Payouts: Accrue interest daily and receive payouts monthly.
  • No Lockup Period: Having open terms means users can earn substantial interest without long-term commitments.

The new IRA Earn program is available today to all account holders. Individuals interested in participating in the program should go to bitcoinira.com/earn or call 866-333-4307 to sign up.

center-prime-wallet-sdk-now-supports-quarkchain-–-qkc,-qrc20-payment-available

Center Prime Wallet SDK now supports QuarkChain – QKC, QRC20 payment available

 

CenterPrime has signed an agreement with QuarkChain, a blockchain platform based on sharding, for a project which connects the real economy with the DeFi ecosystem. Through this agreement, QuarkChain will be supported through CenterPrime’s Oracle Perceptron Wallet SDK (Software Development Kit). Therefore, QuarkChain will be able to provide real-world and real economy services such as transportation cards, gift certificates, local currency, and overseas remittance fees. When this became known, QuarkChain’s token value rose 55.5% compared to the previous day (as of March 17th).

Oracle Perceptron is a platform that connects the DeFi industry and traditional finance by cross-chaining various networks such as Bitcoin, Ethereum, Binance Smart Chain, Tron, and Quark Chain, and by blockchaining the open banking API of traditional finance. Services provided by Oracle Perceptron include Neuron Assets, operators, wallets (enterprise and personal), Explorer, and Payment Gateway. Among these services, there is Oracle Perceptron Wallet, which is a technology that connect various assets with the real economy and resolves the UX/UI problems that hinder the expansion of the DeFi industry. A public key-based structure that integrates public keys used for encryption and private keys used for decryption by integrating and managing digital certificates of PKI is drawing attention as a technology that solves the problems of the DeFi industry. The Oracle Perceptron wallet is available in two categories: personal and enterprise.

With the support of QuarkChain in Oracle Perceptron Wallet’s SDK (a technology that is attracting attention from a multitude of people) many developers and users can easily and conveniently develop and use the core functions of the wallet. In addition, users can safely and conveniently manage and store public and private keys while utilizing various real economy services. An official from CenterPrime said, “As QuarkChain, a stable blockchain platform based on sharding, participates in the Oracle DeFi ecosystem, the expansion of the Oracle DeFi ecosystem that connects various services in the real economy to the DeFi industry is expected to accelerate. We look forward to the Oracle Perceptron as a window to a new world for users of the multitude of QuarkChain platforms.” For more information about CenterPrime, please visit the website (https://centerprime.technology/).

SOURCE CenterPrime

1exchange-welcomes-listing-of-jocom,-malaysia’s-fastest-growing-mobile-groceries-and-shopping-platform

1exchange Welcomes Listing of JOCOM, Malaysia’s Fastest Growing Mobile Groceries and Shopping Platform

 

1exchange (“1X”), Singapore’s first regulated private securities exchange and a member of leading integrated private market ecosystem CapBridge Financial, today announced the direct listing of Jocom International Holdings SDN. BHD. (“JOCOM”), operator of leading Malaysia-based M-commerce platform JOCOM. The JOCOM mobile app connects over 500 vendors providing over 15,000 products with about 3 million customers across the whole of Malaysia.

About 26.7% of JOCOM total shares outstanding were listed on 1X at an aggregate value of S$5.6m. The 1X listing process was conducted entirely online and facilitated by the CapBridge platform.

Mr Joshua Sew, CEO of JOCOM, said, “In the past year, the demand for our integrated M-commerce solution has grown exponentially across both consumers as well as merchants and vendors.

JOCOM has enabled traditional businesses to tap on the power of digital technology to engage existing and new customers, connecting many rural farmers and traders with affluent consumers seeking quality products in a convenient way. With this listing on Singapore’s 1Exchange, we look forward to going further to serve our shareholders, customers, and partners with even more innovative mobile commerce solutions.

Mr Choo Haiping, CEO of 1X, said, “We are pleased to welcome JOCOM, Malaysia’s fastest growing mobile commerce platform. For many customers, JOCOM’s specialist mobile app has been a reliable, convenient, and efficient one-stop shop for their groceries and lifestyle needs. JOCOM has also contributed greatly to the digital transformation of many traditional businesses in Malaysia, through its accessible mobile commerce solutions. JOCOM can count on the 1X platform as it continues on its growth journey.”

Based in the global financial hub of Singapore, 1X is the first regulated private securities exchange with a Recognised Market Operator licence granted by the Monetary Authority of Singapore (“MAS”). 1X is part of CapBridge Financial, backed by Singapore Exchange (“SGX”), SGInnovate, South Korea’s Hanwha Investment and Securities Co, Hong Kong’s Cyberport Macro Fund, and AMTD Digital[1].

Mr Mohamed Nasser Ismail, Senior Vice President and Global Head Equity Capital Markets, SGX, witnessed the listing and added, “As a strategic partner and shareholder of 1X, SGX is pleased to witness the continued interest by many growth companies to seek a listing on the private exchange. I am heartened at the listing of JOCOM, which adds to the vibrancy of the broader capital markets and provides shareholders and other interested investors a market for tradeable private equities. We look forward to supporting JOCOM and other such companies to prepare for an eventual public listing when they are ready.

The direct listing on 1X was marked by a virtual gong-striking ceremony this morning, attended by representatives from JOCOM, placement agent CapBridge Pte Ltd, trust administrator Equiom Singapore, as well as strategic partner and shareholder SGX.

On 1X, private companies and funds have the flexibility to list a portion of their shares in the form of tradeable private equities. A direct listing on 1X enables companies to simply convert their existing shares to tradeable shares, in a cost-effective and efficient manner. This regulated asset class traded on 1X provides investors additional portfolio diversification with higher-than-market returns potential, while giving shareholders options for exits.

comscore-reports-tv-viewing-engagement-for-week-ending-march-7,-2021

Comscore Reports TV Viewing Engagement for Week Ending March 7, 2021

 

Comscore (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating media across platforms, today announced the top broadcast and cable television programs for viewer engagement for the week ending March 7, 2021.

“Royalty-related programming reigned supreme this week,” said Paul Dergarabedian, Senior Media Analyst, Comscore. “CBS’s Primetime Special ‘Oprah with Meghan and Harry’ topped the broadcast chart, captivating the curious eyes and minds of viewers. On cable, Hallmark’s made-for-TV movies ‘Fit for a Prince’ and ‘Crown for Christmas’ grabbed the #1 and #17 spots, respectively, signaling viewers’ interest extends beyond real royals.”

TOP VIEWER ENGAGEMENT: BROADCAST TELECASTS (Week Ending March 7, 2021)

RANK

STICKINESS

INDEX

RATING

RANK

TELECAST

NETWORK

DAY

1

167

1

Oprah With Meghan and Harry: A CBS Primetime Special

CBS

3/7/2021

2

152

155

Enamorándonos

UNIMAS

3/2/2021

3

146

91

Dulce ambición

UNIV

3/1/2021

4

145

79

Vencer el desamor

UNIV

3/2/2021

5

144

11

Blue Bloods

CBS

3/5/2021

6

142

108

La hija del embajador

UNIV

3/5/2021

7

140

3

The Voice

NBC

3/1/2021

8

139

7

FBI

CBS

3/2/2021

9

138

4

NCIS

CBS

3/2/2021

10

136

139

Buscando a Frida

TELMUN

3/5/2021

11

135

33

9-1-1: Lone Star

FOX

3/1/2021

12

135

12

FBI: Most Wanted

CBS

3/2/2021

13

134

18

Magnum P.I.

CBS

3/5/2021

14

132

25

9-1-1

FOX

3/1/2021

15

130

123

Exatlón Estados Unidos

TELMUN

3/7/2021

16

129

101

¿Te acuerdas de mí?

UNIV

3/2/2021

17

129

134

La suerte de Loli

TELMUN

3/2/2021

18

128

162

Undisputed III: Redemption

UNIMAS

3/7/2021

19

125

60

The Resident

FOX

3/2/2021

20

125

13

American Idol

ABC

3/7/2021

[CBS is owned by ViacomCBS; NBC and Telemundo are owned by NBCUniversal; UniMas and Univision are owned by Univision Communications; FOX is owned by the Fox Corporation; ABC is owned by the Walt Disney Company.]

TOP VIEWER ENGAGEMENT: CABLE TELECASTS (Week Ending March 7, 2021)

RANK

STICKINESS

INDEX

RATING

RANK

TELECAST

NETWORK

DAY

1

153

32

Fit for a Prince

HALL

3/6/2021

2

148

1

2021 NBA All-Star Game1

TNT

3/7/2021

3

147

100

The Walking Dead

AMC

3/7/2021

4

142

41

The Curse of Oak Island

HST

3/2/2021

5

140

48

When Calls the Heart

HALL

3/7/2021

6

140

120

Tyler Perry’s Sistas

BET

3/3/2021

7

139

196

Married at First Sight

LIFE

3/3/2021

8

138

85

90 Day Fiance

TLC

3/7/2021

9

138

864

La Rosa de Guadalupe

GALA

3/6/2021

10

137

71

WWE Monday Night Raw

USA

3/1/2021

11

136

138

Tyler Perry’s The Oval

BET

3/2/2021

12

134

327

Dangerous Medicine

LMN

3/5/2021

13

129

106

Gold Rush

DSC

3/5/2021

14

129

148

The Real Housewives of New Jersey

BRAVO

3/3/2021

15

127

406

Death Saved My Life

LMN

3/4/2021

16

127

156

The Real Housewives of Atlanta

BRAVO

3/7/2021

17

127

111

Crown for Christmas

HALL

3/5/2021

18

127

223

Married to Medicine

BRAVO

3/7/2021

19

126

410

Basketball Wives

VH1

3/2/2021

20

125

386

VH1 Family Reunion: Love & Hip Hop Edition

VH1

3/1/2021

1. From State Farm Arena in Atlanta.

[History Channel, Lifetime and Lifetime Movie are owned by A&E Networks; American Movie Classics is owned by AMC Networks; BET: Black Entertainment Television and VH1 are owned by ViacomCBS; Hallmark is owned by Crown Media Family Networks; Discovery Channel and TLC are owned by Discovery Communications, Inc.; Bravo and USA are owned by NBCUniversal; TNT: Turner Network Television is owned by WarnerMedia; Galavision is owned by Univision Communications.]

The Stickiness Index is powered by Comscore’s TV Essentials and excludes local programming and all premium non-ad-supported channels.

Comscore’s TV engagement rating, also known as the Stickiness Index, ranks primetime ad-supported cable and broadcast telecasts by level of viewer engagement, which is determined by comparing the average percentage viewed of each telecast to that of all primetime telecasts with the same duration. Telecasts with the most engaged viewers have a higher Stickiness Index, indicating that more of the audience is tuned in—or engaged—for the duration of the telecast.

With more than a decade of experience measuring television viewership from return path devices across tens of millions of households in all local markets, Comscore is a trusted source for television viewing data. Comscore is also a leader in advanced audiences, which allow the industry to go beyond age and gender to transact on consumer behaviors, interests and lifestyles. This enables TV stations, networks, advertisers, agencies and media companies at both the local and national levels to effectively find and reach their ideal audiences to maximize their revenues.

fintech-wirex-wins-court-ruling-in-favour-of-cryptoback-trade-mark

Fintech Wirex Wins Court Ruling in Favour of Cryptoback Trade Mark

 

Wirex, a leading digital payments platform, has succeeded in its High Court trade mark infringement claim regarding their UK registered trade mark for Cryptoback™, which is used in conjunction with Wirex’s popular crypto rewards scheme.

The victory is against Cryptocarbon Global Ltd, Cryptocarbon UK Ltd and Bee-One UK Ltd in respect of their unauthorised use of the Cryptoback™ trade mark. Mr. Subash Manuel, a director of these companies, was held jointly liable for the infringing activities of Cryptocarbon Global Ltd and Cryptocarbon UK Ltd.

Wirex is an innovative crypto payments platform, giving customers the ability to buy, hold, exchange and sell up to 20 traditional and cryptocurrencies from a centralised, intuitive app. Cryptoback™ is one of Wirex’s most popular features, and the company is proud to have been the world’s first to offer a cryptocurrency rewards scheme. The programme automatically rewards customers up to 2% back in WXT, Wirex’s native token, for using their crypto-enabled debit card in-store or online.

Wirex issued its claim for trade mark infringement in September 2019 after discovering that the defendants were using the Cryptoback™ name in conjunction with a cryptocurrency rewards scheme. After a High Court trial in January this year, His Honour Judge Hacon found that Wirex’s Cryptoback™ trade mark was valid and infringed by the defendants, and all of their counterclaims (including to invalidate the Cryptoback™ trade mark) were dismissed.

The news comes at a significant time for Wirex, as they release a product overhaul, including their X-tras rewards programme. Building on the success of the crypto-rewards scheme and rewarding loyal customers, it offers enhanced Cryptoback™ rewards and up to 12% annual Savings Bonus on users WXT balance*. Last week, the company also announced their brand new crypto-enabled and multicurrency Mastercard debit card in the UK and EEA regions, with real-time point-of-sale conversion, exclusive interbank and OTC exchange rates, free international ATM withdrawals, zero monthly fees and free fiat-to-fiat exchanges.

Dominique Simon, Global General Counsel at Wirex remarked, “We are delighted that the Court has found in our favour after a long and hard-fought battle against these infringers. We would like to thank our legal team, Andrew Norris QC (Hogarth Chambers) and Brown Rudnick LLP, for all of their fantastic work in helping to deliver this outcome. We look forward to developing and expanding our Cryptoback™ program in the UK and worldwide, along with other exciting innovations. ”

Read the full judgment here: https://www.bailii.org/ew/cases/EWHC/IPEC/2021/617.html

To find out more about the new X-tras scheme, visit: https://wirexapp.com/blog/post/a-new-era-wirex-x-tras-programme-0280

To find out more about how Cryptoback™ works, visit: https://www.youtube.com/watch?v=J8QWzMUglbU