sudden-rush-in-the-poker-industry-in-india

Sudden rush in the Poker Industry in India

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The market for online versions of games such as Poker has grown tremendously during this period of lockdown as people battle boredom, stress, and loneliness amid continued physical distancing. It is one of the biggest winners in the online gaming industry. Poker, the refuge of the bored, lonely, and thrill-seeking Indian in lockdown.

India’s poker industry was already in a major growth phase in 2019, and now, after the lockdown, it seems to have burgeoned further. There are professional players, too, who make their entire living out of playing the game, like players of any other sport do. Poker is coming up with so many new innovative features such as 3D Poker & Live Poker.

3D Poker: It features 3D formats of personalized Avatars

Live Poker: It provides a real-world experience of playing and conversing with real players online

Benefits:

  • The users can invite their friends and family and play the game for real cash or virtual coins while sitting in their own space
  • Brought people during the times of pandemic
    • Real-world experience to its users like real-world dealer’s commentary exchange mocking gifs, club room ambiance, personalized 3D avatar
  • Advanced secured features, the payment gateway to maintain high-security standards for the userssil
grantit-announces-participation-in-hong-kong-fintech-week-2020

Grantit Announces Participation in Hong Kong Fintech Week 2020

 

Hong Kong based Fintech startup, Grantit will be exhibiting at the startup virtual exhibition at Hong Kong FinTech Week, one of the leading FinTech events in Asia which will be held on 2nd to 6th November 2020.

Grantit provides sensible, simple, smart and stress-free digital personal financing solutions. The Grantit mobile application covers every stage of the loan process, which opens access and simplifies the way for Hong Kong people to manage the micro-loan for everyday needs. Until Summer 2020, the company has achieved a total applied loan amount of HK$90 million.

The Grantit micro-loan app has recently evolved into Version 2.0, recognising the importance of being customer centric and data driven, we make it a priority to provide a professional service that truly benefits our customers on all levels, and strive to make strategic decisions based on data-driven knowledge and insights for better customer experience.

The Hong Kong FinTech Week is an Asia’s global financial technology event where entrepreneurs, investors, regulators and visionaries will participate. The event will take place virtually in Hong Kong from November 2 to 6.

This is the first time Grantit will be participating in an international Fintech event, and the team is ready and excited to connect with the tech industry giants and startups for growth opportunities and networking, overseeing the current fintech trends and redefining the future technology in the financial markets.

vibration-monitoring-market-to-reach-$217-billion,-globally,-by-2027-at-6.6%-cagr:-allied-market-research

Vibration Monitoring Market to Reach $2.17 Billion, Globally, by 2027 at 6.6% CAGR: Allied Market Research

Allied Market Research published a report, titled, “Vibration monitoring Market by Component (Hardware, Software, and Services), System Type (Embedded Systems, Vibration Analyzers, and Vibration Meters), Monitoring Process (Online and Portable), and End Use (Energy & Power, Metals & Mining, Oil & Gas, Automotive, Food & Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027” According to the report, the global Vibration monitoring industry generated $1.33 billion in 2019, and is expected to reach $.2.17 billion by 2027, witnessing a CAGR of 6.6% from 2020 to 2027.

Prime determinants of growth

Growth in awareness toward predictive maintenance, rise in concern related to products safety and functionality, and increase in trend of vibration monitoring through wireless system drive the growth of the global vibration monitoring market. However, high installation cost, lack of skilled workforce, and other technical resources for analyzing and prediction restrain the market growth. On the other hand, the R&D for integration of AI create new opportunities in the coming years.

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Covid-19 Scenario

  • Due to the outbreak of covid-19, the process of vibration monitoring system development has been delayed.
  • The slowdown in industrial growth, on the other hand, has further affected the market growth.

The embedded system segment to continue its leadership status during the forecast period

Based on system type, the embedded system segment accounted for the highest market share in 2019, contributing to more than half of the total share of the global vibration monitoring market, and is estimated to continue its leadership status throughout the forecast period.  In addition, the same segment is estimated to grow at the fastest CAGR of 7.3% from 2020 to 2027. Embedded system comprises of a complete package which provides the user with hardware, software and services provided by the market player and reduces the effort of the buyer. This factor drives the growth of the segment.

The automotive segment to maintain its highest share during the forecast period

Based on monitoring process, the online segment contributed to the largest market share, holding nearly three-fifths of the total share of the global vibration monitoring market in 2019, and is projected to maintain its highest share by 2027. Moreover, this segment is also projected to maintain the highest CAGR of 7.0% during the forecast period. Online monitoring process allows user to connect the devices with IIoT along with providing a real time view on asset for efficient predictive maintenance. This, in turn, proliferates the growth of the segment.

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North America to offer lucrative opportunities-

Based on region, North America contributed to the largest share of the global vibration monitoring market, accounting for nearly three-fifths of the total share in 2019, and will maintain its lead position throughout the forecast period. The region has large number of industries which demands higher deployment of vibration monitoring systems, thereby driving the growth of the market globally. Nevertheless, this Asia-Pacific region is expected to portray at the highest CAGR of 8.0% from 2020 to 2027. Asia-Pacific is one of the fastest growing region in terms of industrial economy, which is why it is anticipated to provide massive contribution to the growth of the global market.

Leading market players

  • National Instruments Corp.
  • Rockwell Automation Inc.
  • Honeywell International Inc.
  • Schaeffler Technologies AG & Co. KG
  • Bruel & Kiaer Sound & Vibration Measurement A/S
  • Analog Devices Inc.
  • SKF AB
  • Emerson Electric Co.
  • General Electric
  • Meggitt PLC

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coinshares-appoints-compass-financial-technologies-to-serve-as-independent-calculation-agent-for-xbt-provider-certificates

CoinShares appoints Compass Financial Technologies to serve as independent calculation agent for XBT Provider Certificates

 

CoinShares, Europe’s largest crypto asset management firm with over $1 billion in assets under management, has today announced that the official prices of the XBT Provider range of ETPs will be calculated and published by Compass Financial Technologies on Bloomberg and Reuters. Compass FT is a financial services company specialising in the design, calculation and publication of market benchmarks and financial indices and is registered as a benchmarks administrator under EU Benchmark Regulations.

The prices to be published on Bloomberg and Refinitiv fall under the following ticker symbols:

XBT Certificate

Bloomberg Code

Refinitiv Code

Bitcoin Tracker One

XBTPBTCS Index

.XBTPBTCS

Bitcoin Tracker Euro

XBTPBTCE Index

.XBTPBTCE

Ether Tracker One

XBTPETHS Index

.XBTPETHS

Ether Tracker Euro

XBTPETHE Index

.XBTPETHE

Litecoin Tracker One

XBTPLTCS Index

.XBTPLTCS

Litecoin Tracker Euro

XBTPLTCE Index

.XBTPLTCE

XRP Tracker One

XBTPXRPS Index

.XBTPXRPS

XRP Tracker Euro

XBTPXRPE Index

.XBTPXRPE

Townsend Lansing, head of product at CoinShares commented “Transparency and trust are important considerations when selecting investment products, and our investors expect and deserve the best support possible. We are pleased to appoint Compass Financial as our independent calculation agent for XBT Provider, which we believe will provide investors with greater certainty and transparency as to the pricing for XBT Certificates.”

The XBT Provider line of products offers investors exposure to cryptocurrency via simple access to financial instruments listed on traditional, regulated securities exchanges. This suite of exchange traded products was created in a structure familiar to investors, allowing them to be bought and sold during trading hours alongside traditional securities. The appointment of Compass Financial is the latest in a series of improvements made to the platform in recent months aimed at increasing transparency and providing a more streamlined user experience for investors.

In September, CoinShares announced that investors would be able to take advantage of Armanino LLP‘s Real Time Assurance application, which allows on-demand, real-time reports on collateral holdings that follow top industry standards backed by a top 25 independent public accounting firm.

In August, the company also announced that the digital assets held to physically back the XBT Provider range of products would be safeguarded by Komainu, the first hybrid custodian for institutional digital asset investors created by the Japanese investment bank, Nomura, digital asset manager, CoinShares and digital asset security company, Ledger.

csci-attends-the-2020-hong-kong-fintech-week,-unveiling-its-bond-credit-rating-and-trading-services-tailored-made-for-offshore-bond-market

CSCI attends the 2020 Hong Kong Fintech Week, unveiling its bond credit rating and trading services tailored made for offshore bond market

 

China Securities Credit Investment Co., Ltd. (hereinafter referred to as”China Securities Credit Investment”), a national comprehensive credit service organization, together with its subsidiaries that focus on overseas strategy and business development – China Securities Credit Investment Technology Co., Ltd. (hereinafter referred to as “China Securities Credit Technology”) and Pengyuan Credit Rating (Hong Kong) Co., Ltd. (hereinafter referred to as “Pengyuan International”) made its debut again at the global renown fintech event -2020 Hong Kong Fintech Week, presenting online fintech studio regarding overseas funds entry into Chinese bond markets. A series of innovative solutions such as DMI bond quotation and information services from China Securities Credit Technology and credit rating services from Pengyuan International were also released.

Committed to providing full credit value chain services driven by technology

In 2018, China Securities Credit Investment (CSCI) made its debut at the Hong Kong Fintech Week and aroused strong responses. This year marked the fifth anniversary of Hong Kong Fintech Week with a brand new online conference mode and CSCI was invited to participate again.

As the leading Chinese integrated credit-tech service provider, CSCI aims to build an infrastructure that serves the entire life cycle of credit assets (asset generation – asset trading and exchange – asset management) empowered by its technology. It provides integrated services that cover the entire credit value chain, from credit risk management, credit enhancement, to credit asset trading services and management. In response to the low market recognition and insufficient liquidity of RMB assets in overseas markets due to opaque information, CSCI aims to provide overseas markets with high-quality and valuable international credit ratings, data and information services through the Hong Kong business platform, in order to help foreign investors understand RMB assets more comprehensively, objectively and quickly as well as increase their recognition and participation in RMB assets.

As the world economy has entered the era of low interest rates, the income of Chinese assets has obvious advantages on a global scale. The Chinese government has opened up for foreign capital markets in order to bring more money flowing in and out of the country. However, data shows that foreign capital still has concerns about entry the Chinese financial market especially the bond market. The online fintech studio on “Is Wall Street Ready to Accept Chinese Assets?” organized by CSCI and its subsidiaries aims to analyze the current situation of foreign capital entry the Chinese credit market and explore future opportunities. This panel connected distinguished guests from ShanghaiHong Kong and Beijing, including Yang Yang, CEO of China Securities Credit Technology; Terry Zhang, Head of Global Strategy and Business Management of Pengyuan International; and Zhai Chenxi, Chairman of the Board of TF International Securities Group, Co-President of HengTai Securities and attracted approximately 25,000 attendees around the world.

Huge opportunities behind China’s credit bond market

China is one of the world’s largest bond markets with the second largest scale globally. At present, international investors only account for about 10% of our local interest bond market. It is expected that the proportion of international investors in China’s bond local currency market will increase to 20% in the near future,” Zhai Chenxi from TF International put it.

When it comes to the differences between China’s bond transactions and overseas’, Yang Yang from China Securities Credit Technology (CSCT) admitted that due to the lack of information about Chinese bonds on the overseas market platforms, foreign institutions do not know which direction to focus on when investing in Chinese bonds. In response to it, Yang Yang introduced the current status of the domestic credit bond market and the main trading methods, and stated,”In China, about 90% of Chinese bond issuers have not made their debut in the international market. Therefore, despite the great opportunities behind China’s credit bond market, foreign investors are not familiar with them.”

As a market innovator, CSCT has built a comprehensive bond information platform for global financial institutions. The DMI terminal (www.cscidmi.com) launched by CSCT made great efforts to eliminate the information asymmetry of the two markets. It determines to build a Chinese bond quotation and information platform for overseas investment institutions, and provide foreign investors with various analytical tools and first-hand news information. It helps them better understand the Chinese market, effectively reduce credit risk, and use technology to empower China’s credit bond market. This will be the gateway for foreign investors into the Chinese market.

Huge data value in China’s domestic ratings

Regarding the doubts of global investors about whether China’s domestic credit ratings are inflated, Terry Zhang from Pengyuan International stated that China’s domestic ratings are in parallel with global credit ratings and cannot be directly compared. The global investors must realize a few things, firstly these domestic ratings are just of a different scale than the one they used to; seccondly, the domestic rating does carry great data value although it has much room to improve, and lastly, they should never confuse domestic rating to the global ones when they make investment decision.

As an international credit rating agency, Pengyuan International understands the differences between global and domestic credit ratings and is committed to providing reliable rating services for the global capital market. It uses data to enable international investors to better understand market trends through rating agencies. In addition to the distribution of global ratings authorized by the issuer, Pengyuan International can also conduct ratings based on the needs of global investors, according to the global scale, and combined with local conditions, which can well support and improve the decision-making of global investors.

Chen Hao, Chief Data Officer of CSCI put it, “We are honored to participate in Hong Kong Fintech Week again. As China’s leading credit technology company, China Securities Credit Investment Group will rely on highly effective technology innovation and keen sense of the market demand, forge ahead and become a highly influential technology service provider in China’s offshore bond market.”

bos-welcomes-swedish-enquiry’s-rejection-of-atg’s-levy-appeal

BOS Welcomes Swedish Enquiry’s Rejection of ATG’s Levy Appeal

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Swedish trade association for online gambling Branschföreningen för Onlinespel (BOS) has welcomed the decision of Social Democrat MP Anna-Lena Sörenson to recommend against a mandatory levy for Swedish horseracing.

Sörenson had been tasked to lead a “gambling market enquiry” for evaluating whether the Riksdag should impose a mandatory levy on Swedish horseracing wagers.

The enquiry had been launched following appeals made by government sanctioned racetrack operator ATG that a levy should be imposed on licensed betting incumbents to support Sweden’s racing community.

Hasse Lord Skarplöth, Chief Executive of ATG, had urged the government to back a levy, as ATG had lost its racing exclusivity with increased competition joining the market.

Writing an open-editorial in a Swedish business newspaper, Sörenson rejected the levy propositions and ATG appeals. Sörenson explained that despite a higher number of bookmakers competing in the marketplace, ATG concerns were unfounded as the operator and its owning Svensk Travsport maintained a 98% share of Swedish racing.

In her assessment, Sörenson stated that ATG had expanded its market privileges as it was able to maintain its racing concession, whilst expanding its product portfolio offering its customers and new sportsbook and online casino service.

delving-into-defi’s-hidden-super-platform

Delving into DeFi’s Hidden Super Platform

 

Quietly up against strong competitors, DRK aims to fundamentally transform daily activities of crypto users (and DeFi users in particular) as it works towards its ambition to become an all-in-one super platform in the crypto space. Based on its native chain (DRK Chain), the underlying platform centers around a decentralized cross-chain exchange (DRK DEX) seamlessly integrated with its Dapp ecosystem consisted of DeFi services (DRK Crosschain Swap, DRKompound), games (DRKats, DRocKet, DTrade), a social network reserved specifically for all crypto users (DRKakao), and more.

In its final form, DRK will be where crypto users can earn money 24/7, have fun and connect with like-minded people. The need for such a platform has never been greater. Imagine Facebook, Medium, Telegram, Coinmarketcap and Trustwallet all rolled into one, DrKakao is already in development, designed to connect crypto users and provide useful social features such as regulated P2P trading, and live streaming for crypto KOLs.

As the centerpiece in the grand scheme, DRK DEX has achieved 5.48M monthly views and is supporting 6 coins and tokens (on 4 popular blockchain networks), and 6 trading pairs. Innovations in cross-chain compatibility behind DRK DEX and DRK Swap have solved the headache facing all Defi projects: how to guarantee utility as well as usability and security. Users only need to log in once by connecting with your Metamask wallet to access wallets on all popular blockchain networks (Bitcoin, Ethereum, Tron, and DRK Chain), and do not need to switch networks while trading. The keys of these wallets are generated from your logged-in wallet signature, stored on the client side, and cannot be accessed by any party including the DEX creators.

Seamlessly integrated with DRK DEX, DRK Swap combines the best features of Uniswap with a smart fee mechanism to help liquidity providers mitigate impermanent loss in case of high slippage. Likewise, DRKompound brings Compound enthusiasts a DEX-like and much easier to use interface. On the other hand, DRKats combines elements of DeFi and NFT, allowing users to stake DRK coins in order to receive DRKat NFTs, which can be crossbred and traded freely.

All these high-performance Dapps were and will be built on DRK Chain, which is no less powerful than other popular blockchains, achieving high throughput, smart contract functionality, and compatibility with the Ethereum Virtual Machine (EVM) with support for the rich universe of Ethereum tools and DApps. This makes it easy for developers to port their projects over from Ethereum, and for users to configure applications like MetaMask to work with DRK Chain.

DRK Chain achieves 2 second blocktime with a Proof-of-Stake consensus algorithm and many innovations. Firstly, DaRK privacy protocol uses cutting-edge zero-knowledge proofs to enable private transactions. Secondly, the anti-spam mechanism applies a loyalty point on each address based on the amount of gas that address has contributed to the network, so that the higher the loyalty point is, the less gas it needs to prioritize outbound transactions. Thirdly, the anti-slack mechanism allows any validator node which stops mining blocks to be reported by any address and penalized, keeping validator nodes healthy and the network sustainable.

DRK, the native coin on DRK Chain, has been consistently valued at $0.05  for 3 months with a market cap of $800M, and a daily trading volume of $3M. Currently, 96% of DRK coin supply has been permanently locked in staking, and all newly mined DRK will be staked to prevent inflation. To further popularize its Dapps, DRK Team is considering to list DRK on a major exchange. In the meantime, a few startups are asking to list their own tokens on DRK DEX by paying a fee in DRD, yet another highly demanded token on DRK Chain.

32red-to-exit-italian-market

32Red to Exit Italian Market

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Kindred Group has decided to withdraw its 32Red brand from the regulated Italian market.

A statement on the website confirmed the news. It read: “We are sorry to inform you that starting from November 30th 32Red will no longer be operational.

“It was a difficult choice to make. We hope, however, that these years spent together have been fantastic for you, as they have been for us.”

The operator advised customers to withdraw funds by November 29 as they would be unable to access the site after this point.

Kindred will be focusing on promoting its other brand, Unibet.it, in the Italian market. The operator said Unibet would “guarantee 32Red.it players the warm welcome they deserve.”

greater-than’s-solution-enerfy-has-been-selected-for-microsoft’s-#buildfor2030-campaign

Greater Than’s solution Enerfy has been selected for Microsoft’s #BuildFor2030 Campaign

 

Greater Than, the insurtech provider of AI-based risk intelligence, has been selected by Microsoft to showcase Enerfy in their BuildFor2030 Campaign ­- featuring solutions that support the UN’s Sustainable Development Goals.

From late October until the beginning of December, Microsoft will be showcasing partners providing solutions and services supporting the UN’s SDG 13: Climate Action. Greater Than’s solution Enerfy, which prices driving risk and helps reduce CO2 emissions through personalized smart driving tips, is being featured as a top contributor to Climate Action.

“We are delighted to be featured in this campaign, as the topic is very close to our hearts and is at the core of everything we do. Being part of Microsoft’s initiative to showcase partners who provide solutions and services in alignment with the UN’s Sustainable Development Goal is truly a great honor.” – says Johanna Forseke, CBO at Greater Than.

Learn more about our solution in the Azure Marketplace.

What is #BuildFor2030?

With the aim of building an inclusive economy, Microsoft and their partner-led communities are coming together to launch #BuildFor2030. Starting October 30th through December 4th,

Microsoft will be showcasing partners who offer solutions that align with the UN’s various Sustainable Development Goals. The campaign was designed to promote technology that fosters an inclusive, equitable and sustainable economy.

wirex’s-‘rising-women-in-crypto-power-list’-announced

Wirex’s ‘Rising Women in Crypto Power List’ Announced

 

Leading payments company, Wirex, in partnership with The Fintech Times, has revealed its 2020 ‘Rising Women in Crypto Power List’. After receiving 367 entries, the esteemed judging panel have chosen the 10 most inspirational women at the forefront of the crypto industry.

The ‘Power List’ was created as part of Wirex’s inaugural ‘Women in Crypto’ campaign, endeavouring to showcase the achievements of women in the field and inspire others to get involved. After the longlist was published last month, the judges narrowed it down based on nominees’ achievements, potential, leadership skills, ambition, influence and innovation in the crypto field. The winners come from a variety of backgrounds and include women working in events, research and content creation.

Wirex and The Fintech Times’ 2020 ‘Rising Women in Crypto Power List’ is (in no particular order):

  • Noelle Acheson, Director of Research, CoinDesk
  • Professor Tonya M. Evans, Professor, Penn State Dickinson Law
  • Lucy Gazmararian, Associate Director, PWC Crypto & Fintech Advisory
  • Susan Crew, Content Creator, “Crypto Granny”
  • Simone Maini, Chief Executive Officer, Elliptic
  • Inbal Polak, Director of Fund for Digital Assets, YRD Capital
  • Elizabeth Kukka, Executive Director, Ethereum Classic Labs
  • Sofie Blakstad, CEO, hiveonline
  • Christina Lomazzo, Blockchain Lead, UNICEF
  • Lenka Hudáková, Events Manager, Maker Foundation

The announcement comes during the final phase of the campaign, with a ‘Women in Crypto’ takeover of the Wirex channels taking place from the 26th October until the 8th November. This will feature content from women working at Wirex, as well as female influencers in the crypto and fintech fields. Contributors include: Ashley Koh, COO at Spark Systems, about what she’s learnt as a woman in fintech; George Coxon, COO at the Nano Foundation, with three things you didn’t know about Nano; and Erica Stanford, Founder of the Crypto Curry Club, with top tips for surviving networking events.

Wirex CEO and Co-Founder – and ‘Power List’ judge – Pavel Matveev, said: “We’ve been overwhelmed by the positive response we’ve received so far, and we’re delighted to finally reveal the ‘Power List’ top 10.”

The platform’s aim has always been to empower everyone to have access to cryptocurrency, leading Matveev to explain that “with so many inspirational women nominated, it was a difficult decision. But I’m confident that those picked represent the incredible talent of females in this field and I hope they inspire other women to be a part of this rapidly developing sector.”

The ‘Women in Crypto’ takeover will continue until 8th November with content being housed on the ‘Women in Crypto’ hub, and more information about the shortlist winners can be found on this link.