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Mercado Bitcoin Launches MBRL Stablecoin on the TRON Blockchain, Pegged to the Brazilian Real

Mercado Bitcoin

São Paulo, November 18, 2024 - Mercado Bitcoin (MB), the largest digital asset platform in Latin America, announces the launch of MBRL stablecoin on the TRON blockchain. The MBRL stablecoin presents an innovative means of payment that combines the trust and stability of Brazilian fiat currency with the utility and ease of tokenization. The MBRL stablecoin is an MB project that uses the TRON network through integration with the blockchain. This integration aims to create a fast, accessible and scalable smart contract platform. MBRL is designed to act as a reliable store of value with liquidity for withdrawals around the clock, including weekends and public holidays. Additionally, MBRL can be easily integrated into blockchain wallets, DeFi platforms, and dApps, making it incredibly versatile and easy to use. Lucca Benedetti, Product Analyst at MB, commented, "The introduction of MBRL is a significant milestone for both MB and the growing crypto community in Brazil. The TRON blockchain has already seen widespread adoption in the region. We are further solidifying our presence within the TRON ecosystem through the launch of MBRL. I'm looking forward to seeing the positive effects MBRL will bring”. Sam Elfarra, Community Spokesperson at TRON DAO commented, "We are thrilled to see MRBL launch in the TRON ecosystem. The launch is a significant step forward in our mission to provide accessible, efficient, and scalable blockchain solutions globally, showcasing the versatility and robustness of the TRON network. I believe MRBL will play a key role in accelerating the adoption of blockchain technology across the region". TRON network, the trusted network for developers, institutions, and individuals worldwide, is a layer-1 open-source blockchain protocol with over 271 million user accounts. With a total transfer volume exceeding $14 trillion, TRON stands out for its ability to efficiently handle both large and small transactions. Its speed and cost-effectiveness make it especially popular among retail users for fast, frequent, low-value transactions like remittances, micropayments, and peer-to-peer transfers. Leveraging the TRON network will enable MB to offer users faster, more reliable asset transfers with lower fees, enhancing the overall efficiency and accessibility of transactions. Customers in supported jurisdictions can now buy MBRL on Mercado Bitcoin's offer book or issue it directly with a deposit of BRL. They then receive MBRL stablecoins, which can be easily transacted in just a few seconds. Management and custody of the assets are carried out by MB Pay, Mercado Bitcoin's payment institution. About Mercado Bitcoin With 4 million customers in 11 years of operation, Mercado Bitcoin is the leading digital asset investment platform in Latin America and a benchmark in blockchain and the tokenized economy, operating with the highest standards of transparency and financial integrity. It is Brazil's first crypto unicorn and has been audited since 2018, and since 2022 by EY - one of the world's largest auditing firms. Mercado Bitcoin - Agência Pub Treicy Keller: treicy.keller@agencia.pub | +55 11. 98990-2218 Patrícia Martins: patricia.martins@agencia.pub | +55 24. 99942-3041 Anne Fadul: anne.fadul@agencia.pub | +55 11. 99335-4527 Chico Marcelino: chico.marcelino@agencia.pub | +33. 76945-0275 About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the integration of BitTorrent, a pioneer in decentralized Web3 services, boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of November 2024, it has over 271 million total user accounts on the blockchain, more than 8.9 billion total transactions, and over $18 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Patrícia Martins patricia.martins@agencia.pub

November 18, 2024 12:58 PM Eastern Standard Time

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Henson Group Named Managed Services Provider of the Year at the 2024 Ingram Micro ONE Innovation Summit

Spark Metro

Henson Group, a leading provider of cloud solutions and managed services, is proud to announce it has been awarded the Ingram Micro Managed Services Provider of the Year. Ingram Micro is a leading technology company for the global information technology ecosystem with the ability to reach nearly 90% of the world’s population. The award was presented as part of the 2024 INGRAM MICRO ONE INNOVATION SUMMIT, held from November 6-8 in Maryland. The Ingram Micro Partner Awards program honors the success of top-performing channel partners who have measurably exhibited an elite ability to drive business growth and positively impact the IT ecosystem with the support of Ingram Micro. This year’s honorees have displayed extraordinary levels of innovation, advocacy, performance, and sales success in 2024. Ingram Micro’s Managed Services Provider of the Year award recognizes Henson Group for consistently demonstrating exceptional expertise and innovation across multiple solution areas. Their dedication to innovation and unwavering commitment to customer satisfaction have made them an industry leader. Henson Group is celebrated for providing comprehensive cloud solutions, including Azure Spend Management, Azure Environment Monitoring & Tuning, Azure Optimization, and end-to-end Microsoft cloud managed services. The company’s unique approach combines cost savings and value, with a focus on enhancing security and providing industry-leading customer experiences. The Henson Group serves various industries including financial services, retail, manufacturing, healthcare, and technology. David Fuess, CEO of Henson Group, said, "This award reflects our relentless pursuit of excellence and our commitment to helping our clients achieve their digital transformation goals. We are proud of our team's hard work and the strong partnerships we have built with our clients and Ingram Micro." "We are incredibly honored to receive this prestigious award from Ingram Micro," said Alex Larsson, Chief Revenue Officer at Henson Group. "This recognition is a testament to our team's dedication to delivering cloud solutions and services that drive significant value for our clients." “We are proud to recognize Henson Group’s growing success and strategic engagement with Ingram Micro,” said Jennifer Anaya, Senior Vice President, Global Marketing, Ingram Micro. “This year’s honorees are among the best in the business and continue to lead by example, evolving their services and solutions to best support the needs of their customers now and in the future. Congratulations to all our winners and thank you for playing such an important and growing role in the success of today’s global, regional, and local B2B and B2C markets.” Henson Group is a six-time Microsoft Partner of the Year and holds multiple Microsoft-certified competencies, including the exclusive Azure Expert MSP certification. This extensive experience and expertise enable Henson Group to provide tailored solutions that precisely align with customer requirements, ensuring utmost satisfaction. Henson Group has helped over 1,000 companies across various industries, including financial services, retail/CPG, manufacturing, healthcare, and technology, media & entertainment. Discover how Henson Group's cloud solutions can transform your business. Visit HensonGroup.com to learn more about the company’s comprehensive suite of services designed to optimize your IT operations and drive innovation. About the Henson Group The Henson Group is not only the industry's Generative AI expert and Microsoft's top Azure/M365 and Managed Services Provider but also a distinguished Azure Expert MSP that has achieved all of Microsoft Azure Solution Designations. Our customer-centric approach extends beyond traditional managed services, offering comprehensive solutions for your complete cloud and machine learning journey. With expertise in Azure Infrastructure and Database Migrations, Cloud Security, and more, we leverage the full spectrum of Microsoft Solutions to drive innovation and maximize your technology infrastructure's efficiency and effectiveness. For more information, please contact: Bobby Lynch Chief Marketing Officer Henson Group Bobby@HensonGroup.com (212) 220-6711 Contact Details Henson Group Bobby Lynch +1 302-597-6768 Bobby@HensonGroup.com Company Website https://hensongroup.com/

November 18, 2024 11:49 AM Eastern Standard Time

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Cboe Is Helping Lead The Retail Trading Revolution With A New Robinhood Collaboration

Benzinga

By Johnny Rice, Benzinga Henry Schwartz, Global Head of Client Engagement, Data and Access Solutions for Cboe Global Markets Inc. (Cboe: CBOE), was interviewed by Benzinga at the HOOD Summit, presented by Robinhood (NASDAQ: HOOD). Cboe Global Markets is the world’s leading derivatives and securities exchange network – operating in 27 markets globally – and facilitates trading in options, futures, equities, FX and more for all investors. The company has long been an innovator in financial products. Mr. Schwartz discussed the revolutionary growth of the retail market and how Cboe is helping drive that growth. He also spoke of the exciting collaboration with Robinhood. Watch the full interview here: Featured photo by Jason Briscoe on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 18, 2024 08:55 AM Eastern Standard Time

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News Release

OYO enters commitment with Deutsche for a loan facility

Oravel Stays Limited

Oravel Stays Limited, which operates the global travel technology brand OYO has entered into a commitment letter with Deutsche Bank AG New York Branch (“DBNY”) and Deutsche Bank Securities Inc. As a part of the arrangement, DBNY has provided the Company with a commitment for a new term loan facility to finance OYO’s recently announced acquisition of G6 Hospitality (G6). OYO recently announced its acquisition of G6 Hospitality, the leading economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone. Earlier in this year OYO reported its first-ever profit after tax (PAT) of ~₹17 million, according to the company's annual report. The company also reported eight consecutive quarters of positive Adjusted EBITDA. OYO's Adjusted EBITDA grew by 215% to reach ~$105 million in FY 23-24, up from ~$33 million in FY 22-23. The company had also concluded an equity funding round of $175 million was led by the company's founder Ritesh Agarwal and included participation from various Indian family offices and private investors including InCred Wealth, J&A Partners, renowned investor Ashish Kacholia the family office of Mankind Pharma promoters and ASK Financial Holdings. Original article published in Tech Observer by Mohd Ujaley. Click to read in detail https://techobserver.in/news/startups/oyo-secures-deutsche-bank-loan-commitment-to-fund-g6-hospitality-acquisition-288914/ About Tech Observer Tech Observer is a premium monthly technology news magazine published from New Delhi that brings a critical perspective and analysis from a wide spectrum of government technology, enterprise IT, startups, telecom and consumer electronics. The magazine focuses on all aspects of technology usage in government organizations, public sector and enterprises, with special emphasis on the role of influencers such as senior government officials, CIOs, CTOs, CISOs and IT heads. Contact Details Tech Observer Md Ujaley, Editor, Tech Observer +1 931-358-3248 editor@techobserver.in Company Website https://www.techobserver.in

November 18, 2024 08:45 AM Eastern Standard Time

Presenting Encouraging Data, Acquiring Licenses, Issuing Patents And More – BioRestorative's Inroads Bringing Its Stem Cell Therapies To Market

Benzinga

By Meg Flippin, Benzinga From alleviating lower back pain to treating obesity, stem cells can play a central role in healing some of the world’s most prevalent conditions. For good reason: stem cells are regenerative and can turbocharge the body's natural healing process. BioRestorative Therapies, Inc. (NASDAQ: BRTX), a regenerative medicine company focused on stem cell-based therapies and products, has been inkling deals and securing patents to treat back pain and obesity as well as other hard-to-cure ailments and diseases. Take BRTX-100 for example. It’s BioRestorative’s autologous stem cell product for chronic lower back pain. It uses a patient’s stem cells, which are harvested, cultured and then injected directly into the affected disc to start the repair process. BRTX-100 is designed to treat the 25 million people in the U.S. who suffer from chronic lower back pain each year, half of whom have or will be diagnosed with disc degeneration, reports the company, and current treatments on the market are less than ideal. Opioid pain relievers, steroid injections and physical therapy help manage pain but don’t cure it. Surgery is another option, but clinical outcomes can be limited. Phase 2 Trial Results Coming The company is currently engaged in a phase 2 clinical trial using BRTX-100 to treat persistent lower back pain caused by painful degenerative discs. This week (Nov. 10-14), BioRestorative presented new preliminary 26–52-week blinded data from the ongoing phase 2 clinical trial at the Orthopaedic Research Society (ORS) Philadelphia Spine Research Society (PSRS) 7th International Spine Research Symposium in Skytop, Pennsylvania. BioRestorative will also make the data available through a public announcement. “In February 2024, we were strongly encouraged that the Visual Analog Scale, Oswestry Disability Index, Roland Morris Disability Questionnaire, and Functional Rating Index collected at 26 and 52 weeks after injection indicated a positive trend compared to the baseline with the first four patients enrolled in the study,” said BioRestorative’s CEO Lance Alstodt. “Now, at ORS PSRS 2024, we have revealed data on 10 patients. Blinded preliminary clinical data of safety and efficacy endpoints are very encouraging, with patient reported pain and function outcomes demonstrating a positive trend,” said Mr. Alstodt. “Most importantly, at 26 weeks, 70% of the patients are reporting a significantly greater than 30% increase in function and a more than 30% decrease in pain. If data continues with this trend, we are confident that we will hit our efficacy end points for the phase 2 trial,” he continued Fighting Obesity With Stem Cells With A Focus On Growing IP Portfolio Then there is BioRestorative’s ThermoStem, which uses brown adipose-derived (brown fat) stem cells to generate new brown fat tissue to target obesity and metabolic disorders. This type of fat is known to burn rather than store energy. Elevated levels of brown fat have been shown to increase metabolism and facilitate weight loss, reports BioRestorative. It’s a big market for BioRestorative to go after. After all, 40% of Americans are obese; 30% have type 2 diabetes or pre-diabetes and half of Americans have at least one major risk factor for heart disease, according to data compiled by the company. ThermoStem is also making news with BioRestorative recently announcing that the Israel Patent Office has issued the company a Notice of Allowance for a new patent application (Israeli Patent Appl. No. 287557) covering several fundamental aspects of its allogeneic, off-the-shelf ThermoStem platform. It's the 14th international patent and covers non-naturally occurring three-dimensional brown adipose-derived stem cell (BADSC) aggregates, encapsulation, a method for making them and a method for treating a patient with a disorder. “We believe that our ThermoStem-based BADSCs hold tremendous promise to deliver a superior efficacy and tolerability profile over GLP-1 drugs,” said Alstodt. “This latest patent issuance demonstrates our strong commitment to protecting the innovation of our ThermoStem program and the significant potential commercial opportunity that it represents for ourselves and any current and/or future potential licensing partners. And, given Israel’s global prominence in stem cell research, we are particularly excited by this latest patent issuance.” Expanding Via Licensing In addition to securing patents and gearing up to present clinical data, BioRestorative recently obtained a license from the New York State Department of Health (NYSDOH) to process, isolate, expand and preserve allogeneic (non-autologous) donor tissue, including stem cells, for medical research. In New York, companies are required to have a license to engage in tissue and stem cell activities. Previously BioRestorative was licensed by the NYSDOH to act as a tissue bank for the processing of mesenchymal stem cells derived from autologous donors only. BioRestorative says the expanded license enables it to leverage its state-of-the-art cGMP manufacturing to process, bank and distribute clinical-grade allogeneic (off-the-shelf) biologics. “It will significantly enhance our ability to develop an unrivaled clinical pipeline of off-the-shelf cell-based biologic products,” says Alstodt. Stem cells play an important role in treating several prevalent diseases. The remedies of today aren’t cutting it. BioRestorative aims to change that with BRTX-100 and ThermoStem – and it’s working hard to get the licenses and patents to make that happen. Other companies competing in the cell-based biologics or chronic pain treatment space include Mesoblast ( NASDAQ: MESO), Brainstorm Cell Therapeutic (NASDAQ: BCLI) and Longeveron (NASDAQ: LGVN). To learn more about BioRestorative’s stem cell therapies, click here. Featured photo by Sasun Bughdaryan on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 18, 2024 08:45 AM Eastern Standard Time

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The Crossroads Summit 2024 Is Just Days Away – Get Your Tickets Now To Gain Insights About A Changing World From Renowned Minds

Benzinga

By Josh Enomoto, Benzinga While all eyes may be on the election of former President Donald Trump to a second non-consecutive term, that’s just one of the critical catalysts that stand poised to potentially forever change the investment landscape. That’s why there’s not a moment to miss, and concerned market participants may want to attend the upcoming Crossroads Summit 2024 to prepare for the future. Held in beautiful Miami, FL, Crossroads will bring together some of the brightest minds across finance, applied science and geopolitics. Between Nov. 21 and Nov. 22, renowned experts will share their blueprint for a global ecosystem undergoing radical transitions. Thanks to the rapid social integration of advanced technologies such as artificial intelligence and machine learning, the economy will likely separate investors into two categories: the prepared and everyone else. With only days left for the conference, prospective attendees should make their decision quickly. Following a breakfast and welcoming session by host Karl Sprague and keynote speaker John Bartleman of TradeStation – the title sponsor of the summit — the expert panel will jump right into the thick of things. Given the dynamic environment that’s likely to evolve rapidly, interested investors have little time to waste. Positioning America In A Shifting World Order Right off the bat, Crossroads Summit 2024 kicks off on day one with Peter Zeihan, one of the foremost figures in the field of geopolitical analysis. In his keynote address, “Navigating the End of the World: Geopolitics and the Future of America,” Zeihan offers timely and critical insight into how significant evolutions in global power structures are changing the landscape for U.S. investors. Most notably, Russia’s ongoing invasion of Ukraine represents one of the most dangerous flashpoints in world affairs. In addition, Americans must take note of brewing tensions in China and how these and other factors could impact markets both domestically and abroad. With his inimitable wit and dry humor, Zeihan will provide investors with nuanced context to help investors properly map their decisions. Bracing For Potentially Radical Change In Domestic Policy On the eve of the 2024 presidential election, Vice President Kamala Harris appeared to command the polling advantage. However, when the actual ballots were submitted, President-elect Trump successfully completed a surprising comeback. Subsequently, the opposing Democrats launched into a blame game, but a loss may have been inevitable. Globally, other incumbent political parties suffered defeats amid a populist backlash, as well. This backdrop presents rich grounds for the next panel of industry experts, including Michael Khouw from CNBC, Mike McGlone from Bloomberg, and Katheryn Rooney Vera from StoneX. Saif Ishoof will moderate the discussion, titled “Strategic Adaptation: Preparing for Turbulence in the U.S. Landscape,” which will shine a light on the uncertainties of domestic policy shifts under a second Trump term and how investors may navigate them. Preparing For A Possible Inflection Point With the stratospheric rise of both equities and cryptocurrencies in the post-pandemic cycle, it’s easy to get lulled into a sense of complacency. However, author Neil Howe – an expert on generational cycles – will argue in his discussion “The Fourth Turning: Navigating Crisis and Renewal” that investors need to be more vigilant about contemporary events. Essentially, the good times might not continue unabated. According to Howe’s theory, major historical events are tied to recurring cycles, with each ebb and flow potentially lasting decades. Therefore, while the present bullish framework in global capital markets may entice an acquisitive posture, it’s vital to consider past crises and periods of renewal to properly understand the current juncture. Potential blind spots may include the rise of China and the Biden administration’s subsequent crackdown on the nation’s tech industry. Following a lunch break, moderator Bryan Gorrita will guide a panel of distinguished figures: Mike Green from Simplify Asset Management, Susan Lindeque, founder and CEO of Avestix Group and Luke Gromen of Forest for the Trees. Together, the experts will discuss methods of profiting from the potential turbulence and volatility catapulted by the upcoming “Fourth Turning.” Battening Down The Hatches In one of the most anticipated keynote addresses, economist and author Alan Beaulieu will discuss the potential for a radical paradigm shift that may erupt in the 2030s decade. As co-author of Prosperity in the Age of Decline, Beaulieu adopts a futurist mentality, offering practical and insightful guidance on boosting profits irrespective of business cycle changes. However, because of the nature of contemporary global markets, the expert anticipates a sobering scenario over the next few years. His discussion, “Forecasting the Future: Economic Collapse in the 2030s,” offers a much-needed blueprint on the conditions that could lead to ruin – and most importantly, what investors can do right now to protect their wealth. If there were just one reason to attend the Crossroads Summit 2024, this talking point may very well be it. The Age Of The Machines Finally, conference attendees will gain greater appreciation and knowledge of perhaps the most transformative digital innovation since the rise of the internet: AI and its capacity to positively disrupt multiple sectors, including finance, healthcare and manufacturing. Driving this discussion will be Michael Jabbour, Chief Innovation Officer at Microsoft (NASDAQ: MSFT). Among the foremost leaders in integrating the broader digital transformation, Jabbour specializes in the acceleration and personalization of learning. In addition, his role at Microsoft enables him to empower both educators and students with knowledge about the transformative and ethical application of AI. Through his address, investors can learn firsthand how AI can improve efficiency and, therefore, the bottom line. With multiple enterprises aligned with the generative AI ecosystem racing toward a $4 trillion valuation, this is a discussion investors can’t afford to miss. The Must-Watch Event Of The Year Is Coming Soon With global instability, economic uncertainty and technological disruption defining the landscape of the new economy, Crossroads Summit 2024 kicks off with a key opportunity for investors to learn strategies to navigate uncertainty. From understanding the future of geopolitics to preparing for the next potential economic collapse, the insights shared at this event are more relevant than ever. Investors who attend will be equipped with the knowledge and strategies needed to navigate the complexities of the evolving paradigm. Don’t miss out on this chance to hear from industry leaders and innovators who are shaping the future. Right from the first day, Crossroads is set to offer the guidance and foresight that investors need to thrive in the years to come. Grab your tickets for the 2024 Crossroads Summit and learn how some of America’s most renowned thought leaders are making order out of chaos by clicking here! Featured photo by PIRO by Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 18, 2024 08:35 AM Eastern Standard Time

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Direxion Appoints Douglas Yones as Chief Executive Officer

Direxion

Direxion, a leading provider of leveraged, inverse, and non-traditional ETFs, today announced it has appointed Douglas Yones to the position of Chief Executive Officer. In this new role, Yones will lead and drive the strategic vision and growth plan of the firm. Mr. Yones most recently served as Head of Exchange Traded Products at the New York Stock Exchange, overseeing listings and operations for ETPs, Closed-End Funds, and SPACs. His team supported issuers in product development, regulatory compliance, and listing processes to drive growth, distribution, and market quality. “Doug’s history of delivering innovative ideas and valuable insights in the capital markets was a major reason for bringing him aboard, and Direxion is delighted to welcome him to the team,” said Michael Rafferty, CEO of Rafferty Holdings, Direxion’s parent company. “Douglas will help us build on the momentum we’ve created over the past two decades as we continue to provide the high-quality fund solutions our customers have come to expect from us.” Yones is well known and respected in the global ETF industry: Doug spent 17 years at The Vanguard Group, leading Domestic Equity Indexing/ETF Product Management and contributing to ETF development across the U.S., U.K., Canada, and Asia. He holds a ChFC and CETF, an M.B.A. from Villanova, a bachelor’s from Penn State, and is a registered Options and General Securities Principal with FINRA. “Direxion has always set the bar high for progressive ETF ideas—especially in the non-traditional, leveraged, and inverse space,” said Yones. “I couldn’t be more excited to join forces with such a talented team of people. Their dedication and creativity have been instrumental in driving success, and together, we’re ready to bring fresh ideas to life, ensuring that traders and investors continue to receive the unique opportunities they’ve come to expect from us." Yones will be based out of Direxion’s New York City office. About Direxion: Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. These solutions are available for a broad spectrum of investors, whether executing short-term tactical trades, or investing in thematic strategies. Direxion’s reputation is founded on developing products that precisely express market perspectives and allow investors to manage their risk exposure. Founded in 1997, the company has approximately $48.5 billion in assets under management as of September 30, 2024. For more information, please visit www.direxion.com. There is no guarantee that the Funds will achieve their investment objectives. For more information on all Direxion Shares ETFs, go to www.direxion.com, or call us at 866.301.9214. Leveraged and Inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments. An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a prospectus and summary prospectus call 866-476-7523 or visit our website at direxion.com. A Fund’s prospectus and summary prospectus should be read carefully before investing. ALPS Distributors, Inc. Contact Details Ditto Public Relations Danielle Black, AD direxion@dittopr.co Company Website https://www.direxion.com/

November 18, 2024 08:30 AM Eastern Standard Time

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Are Trust Deeds A More Secure Alternative To Real Estate Syndicates?

Benzinga

By James Blacker, Benzinga For investors seeking a more secure and reliable alternative to real estate syndication, trust deeds may potentially offer a flexible and low-risk investment with the promise of high returns, but without the hassle of property management. A trust deed is an agreement between a borrower and a lender to have a private loan secured by real estate. Trust deed investors act as the bank, earning passive income through interest rate payments. This type of investment is facilitated by a mortgage broker and loan servicing agent, such as Ignite Funding. Benefits Of Trust Deed Investing Over Syndication Trust deeds are an often-overlooked investment opportunity, despite the many advantages they have over real estate syndicates. One of the key benefits is the higher level of security they offer. While syndication involves pooling funds to purchase and collectively manage properties, trust deed investors hold a secured interest in a specific property, which limits risk as they have the right to foreclose if the borrower defaults on the loan. Furthermore, in the case of “first” trust deeds, the deed holder is the first to get paid back in the event of a default, giving investors an added layer of security. There is also a greater degree of transparency when opting for trust deed investments over syndications, as investors are able to conduct thorough due diligence on the underlying property. This transparency, along with fixed interest rates and regular monthly payments, helps ensure a stable and reliable income stream, making it an attractive option for anyone looking to diversify their investment portfolio. Trust deed investors also have more control, as they can choose specific properties to invest in and therefore tailor their own real estate investment strategy. They also have more flexibility as they can choose the loan and terms that suit their objectives. This type of control and adaptability is not something you typically get with syndication. Additionally, by earning interest on the loan amount, trust deeds often yield higher returns, and can potentially be more profitable than traditional syndications and other passive investments. How To Maximize Returns With Trust Deeds To optimize returns, it is important to choose a reputable mortgage broker with a strong track record. Partnering with a reliable company such as Ignite Funding can boost your chances of reaping a high return on investment. They can help you carry out due diligence on both the property and borrower, which is a crucial step in trust deed investment. Prudent investors will also diversify their investments across multiple properties or loan types in order to mitigate risk. This can help protect their investments against market fluctuations and balance potential returns with effective risk management. If you're looking for an investment that combines security, transparency and flexibility with the potential for strong returns, trust deeds are an option worth exploring and may offer a compelling alternative to real estate syndications. Find out more about trust deed investing by visiting the Ignite Funding website or text the word "Benzinga" to 702-919-4281 for additional information. Ignite Funding, LLC | 6700 Via Austi Parkway, Suite 300, Las Vegas, NV 89119 | P 702.739.9053 | T 702.919.4281 | F 702.922.6700 | NVMBL #311 | AZ CMB-0932150 | | Money invested through a mortgage broker is not guaranteed to earn any interest and is not insured. Prior to investing, investors must be provided applicable disclosure documents. Featured photo by Oleksandr Pidvalnyi from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 18, 2024 08:30 AM Eastern Standard Time

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BitFuFu Posts Double-Digit Third Quarter Revenue Growth In A Challenging Market

Benzinga

By Meg Flippin, Benzinga What sets BitFuFu apart from its peers – such as Riot Platforms Inc (NASDAQ: RIOT), BitDeer (NASDAQ: BTDR) and MARA Holdings Inc. (NASDAQ: MARA) – is its unique approach of collaborating with mining partners to boost revenue and drive efficiencies rather than keeping it all in-house. This strategy, combined with its smaller, more focused business model, has positioned BitFuFu as a leader in growth within the industry. For instance, in the second quarter, BitFuFu reported revenue of $129.4 million and net income of $1.3 million. In comparison. Riot Platforms generated $70 million in revenue but reported a net loss of $(0.32) per share, while MARA recorded revenue of $145 million, but suffered a loss of ($0.72) per share. Despite rising costs to mine Bitcoin, BitFuFu (NASDAQ: FUFU), the digital asset mining company based in Singapore, achieved double-digit growth in the third quarter. The company reported revenue of $90.3 million for the third quarter of 2024, a 47.5% increase year-over-year, and achieved adjusted EBITDA of $5.8 million. This quarter marked the first full quarter after the Bitcoin halving event in late April, which reduced the Bitcoin block subsidy from 6.25 to 3.125 Bitcoin per block. BitFuFu (FUFU.US) has also attracted investor interest, highlighted by H.C. Wainwright analyst Kevin Dede’s initiation of coverage with a ‘Buy’ rating and a $7 target price for the stock. “Despite the halving event BitFuFu had another successful quarter generating positive adjusted EBITDA,” said BitFuFu chairman and CEO Leo Lu during a conference call to discuss quarterly results. “I am proud to say that the third quarter of 2024 is the 11th consecutive quarter BitFuFu has generated positive adjusted EBITDA. This consistency demonstrates the profitability and resilience of our business model, regardless of whether the price of Bitcoin is in a bear market or bull market.” Compared to industry peers Riot Platforms (RIOT) and MARA Holdings (MARA), BitFuFU’s market capitalization remains relatively modest. However, BitFuFu stands out for its growth trajectory, even in a challenging market. Between the second quarter of 2023 and 2024, BitFuFu achieved a 69.7% increase in revenue and reported positive net income of $1.3 million. In contrast, MARA posted a net loss of $199 million, and Riot recorded a loss of $84 million over the same period. These results underscore BitFuFu’s growth momentum and demonstrate its ability to outperform key competitors in both profitability and revenue growth within the current market environment. Check out BitFuFu’s third-quarter conference call here! Revenue Growth Driven By Cloud Mining In the third quarter, BitFuFu reported that revenue growth was primarily driven by its cloud mining solutions, which generated $68.9 million in revenue, accounting for 75% of the company’s total quarterly revenue. According to CEO Leo Lu, this growth was fueled by both new customer acquisitions and strong retention among existing customers. Cloud-mining registered users increased by 75.3% to 455,764, up from 259,929 in the year-ago quarter. Revenue from BitFuFu’s self-mining business also rose to $20.5 million, marking a 40.4% year-over-year gain despite an increase in Bitcoin mining costs. During the quarter, the cost per mined Bitcoin rose to $59,452 due to increased blockchain difficulty and the impact of the April halving event. The cost includes electricity, hosting fees, the cost of hash rate purchased from suppliers and the cost of leased mining equipment, which comprises most of BitFuFu’s mining fleet. As a result, Lu noted that the $59,452 figure may not be directly comparable to some peers, as other companies may exclude depreciation of miner costs in their calculations. Expanding Mining Reach and Reducing Costs To offset rising costs and expand its operational footprint, BitFuFu undertook several strategic actions. During and shortly after the third quarter, the company reallocated its mining fleet, secured favorable long-term, lower-cost purchase agreements and leveraged new low-cost electricity sites to enhance operational efficiency. The company shifted both leased and self-owned mining machines from high-cost facilities to lower-cost facilities while retaining the U.S. as a key strategic base for its mining operations. By the end of the third quarter, BitFuFu’s hosting capacity had grown to 556 megawatts (MW) across 17 sites spanning three continents, compared to 339 MW across 16 sites on two continents in the same period last year. Of these sites, ten are in the U.S., six are in Ethiopia and one is in Paraguay. As a result, average hosting costs decreased to 6.8 cents per kilowatt hour, a 13% improvement from the second quarter. In October, BitFuFu further reduced hosting costs by an additional 5% to 6.5 cents per kilowatt hour. “Our ability to quickly adjust to changes in the market is a testament to the advantages of our asset-light strategy, particularly in the challenging period following Bitcoin halving events,” said Lu. Building Energy Platform by Acquiring Mining Infrastructure In October BitFuFu signed a definitive agreement to purchase a majority stake in an 80-megawatt mining site in Ethiopia, with an electricity cost of around 3.6 cents per kilowatt hour. The site, which can deploy 26,000 miners, is currently operating 8,000 AntMiner S19j Pro miners with a combined 0.8 Exa Hash. CEO Lu stated that in the coming quarter, the company plans to fill in the remaining capacity to reach a combined mining capacity of 2.5 EH/s. Longer term, BitFuFu believes the facility could reach 4.6 EH/s when running AntMiner S21 Series miners. The company’s total mining capacity under management increased 88.5% year-over-year in Q3 to 26.2 EH/s, compared to 13.9 EH/s in Q3 last year. “This acquisition not only increases the diversity of our mining portfolio but also aligns with our strategic goal to build a sustainable energy platform,” said Lu. He noted that BitFuFu is also evaluating a pipeline of potential M&A opportunities with over 100 MW in both traditional grid and off-grid options. BitFuFu is actively exploring additional regions with favorable energy rates to further reduce costs and enhance long-term operational stability. Lu stated, “As we continue our journey, we are looking at off-grid and low-cost energy solutions as potential avenues to further stabilize our cost structure and enhance profitability.” Lu continued, “We believe owning some data centers is essential to BitFuFu’s business. We are focusing on finding the optimal mix between a pure asset-light strategy and an asset-heavy strategy.” Looking ahead, Lu emphasized the company’s commitment to growth and shareholder. “With continued investment in stable energy sourcing and capacity growth, we are confident in our ability to deliver resilient performance in the face of a dynamic market environment,” he said. Featured photo by Erling Løken Andersen on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 18, 2024 08:25 AM Eastern Standard Time

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