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Cryptocurrency Weekly Gainers and Losers

In the wake of improving conditions, bulls within the market have been rallying certain cryptocurrencies like they had not been in several weeks. A number of crypto-names, therefore, come up, as winners, in terms of both their price gain and momentum. At the time of writing this issue, the following cryptocurrencies have delivered the largest gains throughout the week:

Top Weekly Gainers

Maya Preferred

Maya Preferred (MAYP) has been the star of this week after its sudden price bursts up from below $84,000 to nearly $555,000 in an almost instantaneous manner. The cryptocurrency has been seeing wide support in social media for its solid reputation of never having its currency diluted, with no insiders having sold a single MAYP since 2018, and the offer of a robust retirement plan for investors. Volume has remained stable at around $2 million throughout the week. The net gain by the end of the week stands at 644%.

3X Long Dogecoin Token

3X Long Dogecoin Token (DOGEBULL), as an associate of the infamous meme favorite, Dogecoin, has been performing spectacularly this week. The token rose from $0.019 to as high as $0.136 in only seven days, translating to a gain of 615%. The doge class of assets has been rising ever since Elon Musk’s closure of the Twitter acquisition deal. Given the billionaire’s open support for Doge, these asset prices act as a proxy for sentiment surrounding Musk.

DRAC Network

DRAC Network has also been a clear winner this week, after its persistent bullish climb from $0.0071 to its present price of $0.0459. The cryptocurrency has barely been a month in circulation and is seeing wide support after a number of milestone updates. Earlier this week DRAC tokens were listed on Swft bridge, resulting in a wave of interest in the market. Last night, BitMart also announced DRAC deposit and withdrawal on its platform. As a result, DRAC price undertook a 572% climb in hardly a seven-day window.

MarsDAO

MarsDAO (MDAO) undertook an epic climb during the week, rising from $0.11 to $0.39. This price trajectory amounts to a 254% rise, as MDAO more than tripled its price in just a week. MDAO stands as being highly popular among Russian crypto-traders, and this upward price drive seems to link to a pump among these market participants. Volume has surged from $300,000 to over $1.7 million, in the last 24 hours alone.

Melody

Melody (SGS) began trading in the market a week ago and has seen a steady and persistent price rise during this time. Its trade volume has been stable at the $1 million mark. SGS has almost tripled its price in the last seven days as it climbed from $1.50 to $4.42. The music-oriented project is garnering the attention of many in the market, given its innovative concept of a combined GameFi and SocialFi in a Web3 App. It also features NFT passports and in-game token earnings.

Top Weekly Losers

Although certain cryptocurrencies have taken on phenomenal climbs during the week, others have delivered considerable losses. This was primarily caused by market participants shifting their stakes and pulling out of weaker positions for stronger ones. At the time of writing this Stocks Telegraph article, the following names stand as the top losers for the week:

UniWSwap

UniWSwap (UNIW) underwent a painfully hard plummet earlier this week which saw its price drop from $199 to its present low of $1.15. This drop came abruptly when UNIW trading volume had made a jump from zero to $95 million, in an instantaneous manner. The cryptocurrency has been in circulation for barely two weeks, and hence this early correction has set a new price baseline for UNIW.

UvToken

UvToken (UVT) had started off the week successfully, climbing from $0.38 to over $0.46 in the first two days. After this, as volume surged to almost $6 million, everything began going wrong for UVT, as a mass selloff ensued, with its price being driven down to $0.0039. The signs of a fightback had been evident when volume peaked at over $12 million, and the cryptocurrency price was pushed up to $0.043, however, this could not be sustained. UVT climbed by 30% in the last 24 hours, however, its net movement for the last week still stands at a negative 98.5%.

Mancium

Mancium (MANC) also underwent a hard fall this week, which saw its price drop down from $5 to $1.15. The news comes as a major surprise, especially when considering the fact that just this week, the project announced a strategic partnership with GEM Digital Limited, which invested a sum of $50 million into it. Analysts point out that Mancium may have been heavily overbought prior to this, and the news triggered a price correction. Supporters however seem to call this a wonderful opportunity to buy the dip before its inevitable rise to the top.

TitanSwap

Titan Swap (TITAN) has been on a downward path going back to mid-August, this year. During this time, the steepness of its fall has varied, with its sharpest drop being seen in the first half of October when it slipped from $1 to $0.43. The last week brought in a steady fall, dropping TITAN by a further 67%, bringing its price to $0.089. It is worth pointing out that TITAN is presently trading at an all-time low, since its market entry in September 2020. Its volume presently stands above $10 million, suggesting that the fall may continue its deep dive considerably.

Plato Farm

Plato Farm (PLATO) proved to be another losing cryptocurrency of the week, given its 66% descent from $0.00036 to $0.00013. The cryptocurrency has had a poor reputation in the market since its launch in late April this year and has been on a declining trend ever since. Back then, PLATO stood at a price of $0.043 and has continuously been digging deeper to new lows.

November 1, 2022
Top Cryptocurrency Stories This Week

The cryptocurrency market continues its precarious positioning into this week, in what many analysts are calling the calm before the storm. BTC prices in particular have been confined to a tight range above $19,000 for weeks now, with strong anticipation of this consolidation finally coming to a cease. The result could be a sharp price movement in either direction, which would ultimately bear implications on the sentiment of the wider cryptocurrency market as a whole.

Crypto-Highlights of the week

Israel’s only public stock exchange, the Tel Aviv Stock Exchange (TASE) recently announced its plans to initiate its entry into the crypto realm. The CEO stated recently that TASE will soon establish a digital asset platform, which is in line with its broader vision of technological innovation, and the applications of decentralized finance.

The Internal Revenue Service recently updated the cryptocurrency section in the 2022 draft of the tax form 1040. The draft now included both non-fungible tokens as well as virtual currencies in the description of digital assets. These asset classes’ placement in the tax bracket holds significant implications for the wider cryptocurrency market.

Hong Kong has been making strides in the development of a digital currency backed by its central bank known as Project Aurum. Authorities, earlier this week unveiled the much-awaited prototype which features both stablecoins and retail tokens. Project Aurum saw testing in cross-border trials in payments to banks in mainland China, Thailand, and the UAE.

In a recent statement issued, Bank of America analysts described a growing correlation between the prices of gold and BTC. The phenomenon points towards market sentiment and investor psyche, which is increasingly showing Bitcoin’s reputation as becoming a safe haven cryptocurrency, in the wake of wider, macroeconomic turmoil.

The Turkish government recently hosted a blockchain summit at the university of Istanbul, where it elaborated on its ambitions towards harnessing the power of blockchain. Senior government officials stated that the blockchain holds immense potential in a result-oriented and youth-driven nation such as Turkey, which goes far beyond cryptocurrencies.

October 25, 2022
Cryptocurrency News and Updates for the Week
The dry spell for cryptocurrencies seemingly appears to have subsided, as both Bitcoin and Ethereum had seen a rise throughout the prior week. The upward shift appears to hint at recovery for the cryptocurrency market following some of the worst days in over a year. Bitcoin in particular rose by 20% since its lowest point of last week and saw a push far away from the danger zone at its present price of almost $22,500. The prior week was pivotal for the cryptocurrency market at large, and through resilience and recovery, bulls once again felt confident about digital assets.

Highlights of the week
- In what US prosecutors describe as the first case of insider trading in cryptocurrencies, the brother of a former product manager at Coinbase Global Inc. pleaded guilty to a wire fraud conspiracy charge. 26-year-old Nikhil Wahi, between 2021 and April 2022 made at least 14 transactions, on the basis of confidential information, prior to official announcements.
- Uruguay’s executive authority proposed, earlier this week, a new cryptocurrency bill to the country’s parliament. The piece of legislation aims to draft out a legislative and regulatory framework under which cryptocurrency can operate within Uruguay, whilst ensuring the authority of the country’s central bank. The proposition brings forward amendments to the central bank’s organic charter that would allow for oversight over cryptocurrencies.
- A senior executive from the global investment management giant, State Street has commented that institutional investors remain confident in their exposure to digital currencies. This comes despite the heavy price drops seen in the prior month. The executive further emphasized that persistence in this class of asset comes from the underlying belief that cryptocurrencies are here to stay.
- The Canadian crypto-exchange, Coinberry, has sent out lawsuit notifications to at least 500 users who acquired Bitcoin from the exchange during a software glitch. The glitch allowed for the purchase of BTC without completion of e-transfer, which resulted in 120 coins acquired by 546 users. The exchange also states that it contacted Binance, requesting them to restrict the accounts of the individuals involved.
- Blockchain analytics firm, Chainalysis revealed last week that US regulatory officials had seized digital assets worth up to $30 million from a group of North Korean hackers. This is the first time that assets of a North Korean hacking group have been seized in this manner and set a new precedent in the cybercrime control domain against North Korean crypto-hackers.
September 13, 2022
A Quick Peak into the Cryptocurrency Market & Highlights of the Week

The global cryptocurrency market has not stopped treading in the red as economies around the world continue to suffer. With a further 75-basis-point hike by the Fed looming overhead, investors have dived deeper into their protective shells. Thus, the plunge in all cryptocurrency prices has pushed the global crypto market cap to $965.97 billion. The global market cap registered a decline of 5.25% in the past 24 hours.

However, despite the recent disruption, developments have continued as opportunities for growth in the market have upheld a flicker of hope. Let’s have a quick look at some of the top developments that occurred in the past week:

Bitcoin (BTC) is currently trading at a price of $21.1K after losing 3.48% in the past 24 hours. The king of the market registered a loss of 4.21% in the past seven days. Moreover, despite a huge sell-off of 75% of its Bitcoin (BTC) totaling $963 million, Tesla still owns $222 million worth of digital assets.

On the other hand, the queen of the market, Ethereum (ETH) is hovering around $1,425.14 with a drop of 6.33% in the past 24 hours. While Ethereum (ETH) has lost 7.17% in the past seven days, certain researchers are very optimistic regarding its upcoming transition to a proof-of-stake (PoS) system. They even see a chance for Ethereum to take over Bitcoin (BTC).

In the broader market, investors have entered into a frenzy over the upcoming Fed meeting. The upcoming two-day Federal Reserve meeting is expected to see a 75-basis-point rate hike. This increase in the benchmark interest rate would be the largest hike in almost three decades. Hence, it is only plausible for the plunge in cryptocurrencies.

Unhappy with Bloomberg Businessweek, Binance CEO CZ sues for defamation in Hong Kong. The case involves three defamatory statements that were published earlier in July.

Coinbase Global Inc. is facing a U.S. probe regarding improper digital assets trading. The U.S. SEC’s scrutiny over the matter has increased since the uptick in the number of tokens offered by Coinbase.

Barclays Plc is to buy a stake in Copper, a cryptocurrency company that claims to have Philip Hammond (former Chancellor) among its advisors.

Titanium Blockchain Infrastructure Services Inc. (TBIS)’s CEO pleaded guilty to a $21 million cryptocurrency fraud scheme. The said scheme involved TBIS’s initial coin offering (ICO) that lured investors to purchase its coin “BARs”.

To stronghold its foothold in the cutthroat global crypto market, DIFX has partnered with Crypto Oasis. DIFX, the blockchain-based cross-asset trading platform has joined hands with Crypto Oasis as an Ecosystem Partner.

Klaytn Lending Application (KLAP) which is the first-ever DeFi protocol on Klaytn (KLAY) blockchain, is launching its native crypto token.

In short, like always the crypto world if full of many ups and downs with the good and bad all combined making the market twist and turn.

July 27, 2022
What Next After The Crypto Market Crash 2021?

The recent crypto market crash had been brutal, to say the least. The $2.6 trillion market lost $1.3 trillion two weeks after the high of the market. Except for stablecoins whose values are pegged to fiat currencies, there wasn’t a single cryptocurrency in the top 100 by market capitalization which did not lose value.

Let’s delve deeper into what caused the market crash and what is the future of the crypto industry.

What was the 2021 bull run and what caused it?

The bull run is an extended period of time where cryptocurrencies are all soaring. The market sentiment is strongly bullish and positions are long. The 2021 bull run resulted in a lot of cryptocurrencies establishing new all-time highs with phenomenal growth levels. Bitcoin alone soared from a price level of $10,000 to around $60,000 – a staggering 500% increase.

Bitcoin is the original cryptocurrency. It is dubbed as the digital gold and has had a market dominance of nearly 50% for the better part of its lifetime. The king of the market holds enormous power over all cryptocurrencies. Altcoins – or alterative coins to Bitcoin – usually move in tandem with the king.

The bull runs up till now are correlated with Bitcoin block reward halving events. The first halving occurred in 2013 where Bitcoin rose from $15 to $512, followed by 2017 and finally 2020. The halving marks a drop in the hard capped supply of Bitcoin. So, it’s simple economic theory – the lesser the supply, the greater the demand and; hence, the price. In conclusion, Bitcoin halving leads to a spike in its price and Bitcoin’s hold on the whole market results in cryptocurrencies the following suit.

But what causes crypto market crash anyway?

Cryptocurrencies are highly speculative investment tools. Unlike stocks which derive value from the standing of the company, most cryptocurrencies are valued only because a major chunk of the investors believe so. However, that perspective is shifting but we will get to that later. Saying that cryptocurrencies are speculative assets do not mean that they do not possess any real value – at least the real cryptocurrencies do. The market has been flooded with cryptocurrencies especially in the bull run of 2021. With around 7000 altcoins, a good majority of those are nothing but scams.

Bitcoin halvings have historically resulted in bull runs. Bull runs cause the market to overheat with some cryptocurrencies even being overvalued and then market crash becomes imminent. As more and more people begin to panic amidst the greed in the market, sell positions surpass buy positions and the sentiment gradually turns bearish to a point that a market crash is caused.

What caused the 2021 crypto market crash?

It’s not that simple. There are a lot of factors that play a role in a market crash but investor or not everyone knows a market crash follows after a bull run.

The most evident culprit of the crash is Tesla CEO Elon Musk. Musk had been an ardent supporter of cryptocurrencies while his favorite is Dogecoin – only because it has dogs and memes while others don’t. Tesla had announced to accept Bitcoin as a mode of payment for its electric cars. Afterward, Musk had also held a poll asking whether or not to add Dogecoin as payment for Tesla. However, after all the build-up Elon Musk denounced the use of Bitcoin amidst environmental concerns – effectively causing the market to crash.

Elon Musk had been criticized greatly for the announcement as many experts pointed out the energy consumption of a proof of work mechanism is a hard fact. Moreover, a huge chunk of mining has moved to renewable sources – as believed otherwise.

The market crash was further intensified by news from China stating that the government has announced a renewal of the crackdown on Bitcoin mining in the country. The premier of the country called for tighter regulation of the crypto sphere in the country. And as China accounts for nearly 70% of the Bitcoin hashrate, any unfavorable news from the country is an immediate cause of panic.

What is the future of the cryptocurrency industry?

Is the market crash the end of the crypto industry? A big fat no! if anything, it has further brought the crypto industry under the spotlight. A report from a data analytics platform revealed that the social volume of Bitcoin has surpassed that of the 2017-2018 bull run – which is huge.

In four years, the next halving of Bitcoin can be expected which will, most probably, result in another bull-run. Yes, a market crash will follow but the five-year price projections of many cryptocurrencies place them at highs that are currently unfathomable. For example, Bitcoin is expected by Wallet Investor to have a price level of $182,164 which will become a possible price target after the next bull run.

The importance of the blockchain technology has also been realized by many. A lot of Wall Street giants and corporate behemoths that were skeptical of cryptocurrencies in the first bull run have accepted cryptocurrencies in some shape or form. Banking giants like JPMorgan & Chase, Goldman Sachs have included cryptocurrency offerings. PayPal and Mastercard have also added cryptocurrencies to their platform. Moreover, Bitcoin and other cryptocurrencies have become an integral part of corporate balance sheets with MicroStrategy, Tesla and the likes having sizeable holdings.

There has also been a paradigm shift from cryptocurrencies being used as mere assets or store of values – like Bitcoin – to the increasing focus on their value offering. Smart contract technology of Ethereum which fuels decentralized finance and apps to decentralized oracles of Chainlink are becoming increasing relevant.

Market crash or not, cryptocurrencies are not going anywhere. The decentralized and trustless offering of the technology is attractive for many. And as the globe moves toward digitization, it may become the future.

July 28, 2021
Lion Group Holding Ltd. (LGHL) Stock on the Rise Following Launch of Meta World NFT Online Marketplace

Lion Group Holding Ltd. (LGHL) stock prices were up 2.48% shortly after market trading commenced on July 26^th, 2021, bringing the price per share up USD$2.11 early on in the trading day.

Launch of Meta World

July 23^rd, 2021 saw LGHL announce the launch of its subsidiary, Lion NFT Ltd.’s, non-fungible token market platform, known as Meta World. The NFT market platform will be available online before the end of July 2021. LGHL stock’s subsidiary is registered in the British Virgin Islands and conducts the bulk of its business via investments and innovations in digital assets. The parent company holds an MSB license through the U.S Treasury Department’s FinCEN., as well as an encrypted commodity operating license through the DMCC.

LGHL Stock’s Foray into NFTs

Leveraging these resources, Lion Group Holding Ltd. (LGHL) is poised to facilitate the provision of services such as digital asset exchange, NFT innovation, issuance, and trading on a global scale. LGHL stock’s platform is being designed to become the world’s top one-stop, cross-chain, high-expansion NFT marketplace. It will allow users to connect and trade with digital currency, as well as a digital wallet that will be linked the platform and will be accessible upon login.

Comprehensive NFT Solution

The new platform establishes a complete industry chain ranging from exploration and creation to pricing, buying, and selling. The platform will make use of blockchain technology to encrypt artwork such as photographs, videos, audios, and 3D pieces, while also generating relevant information that will facilitate the production of NFTs. Meta World will serve to create a foundation for an efficient digital world with the promotion of the value circulation of global resources.

Set to Revolutionize Markets

NFTs see illiquid digital works of art being made available to the public as valuable and investable digital collections. With the proliferation of additional NFT applications, LGHL stock’s platform will become a critical part of the digital transformation of various industries. With the global encryption economy developing rapidly, Lion Group Holding Ltd. (LGHL) is poised to capitalize on the burgeoning market with its NFT platform.

Future Outlook for LGHL Stock

Armed with its exciting foray into the massively expanding NFT market, LGHL stock is poised to capitalize on the added opportunities ahead of it. The company is striving to continue its trajectory of success with the efficient allocation of its resources, which investors hope will result in long-term increases in shareholder value.

July 26, 2021
Bit Brother Ltd. (BTB) Stock Plummets Following Pricing of Registered Direct Offering

Bit Brother Ltd. (BTB) stock prices plummeted by 47% shortly after market trading commenced on July 16^th, 2021, bringing the price per share down to USD$1.06 early on in the trading day.

Registered Direct Offering

July 16^th, 2021 saw the company announce having entered into a securities purchase agreement with various accredited investors. The agreement will see the company sell USD$22.5 million in ordinary shares and warrants in a registered direct offering. The offering will consist of the sale of 15 million ordinary shares and warrants that will facilitate the purchase of an additional 15 million shares.

Offered Warrants

The warrants will be exercisable immediately, with an expire date of five years from the date of issuance. A single unit consisting of one ordinary share and one corresponding warrant has been priced at USD$1.50, with the offering expected to generate USD$22.5 million before the deduction of expenses related to the offering.

Acquiring Angelo’s Pizza

July 13^th, 2021 saw the company announce having entered into a non-binding letter of intent which will see it acquire a majority 51% stake in Angelo’s Pizza. The family-style boutique restaurant has been in business for 30 years, with a combined history of 120 years as it pivoted to a chain restaurant. Over this time, the company has garnered a strong brand name for itself, consolidated by excellent customer reviews. Following the completion of the acquisition, the chain restaurants will begin accepting cryptocurrency as a form of payment.

Global Expansion

Angelo’s Pizza intends to expand its market footprint across burgeoning international markets, such as Canada, Japan, South Korea, China, Singapore, Australia, and New Zealand. The overseas branches will allocate resources towards the provision of takeout and delivery services, given the limited dine-in capacity driven by the ongoing global coronavirus pandemic. The company expects to open up to 1000 branches around the world over the next five years. All of the branches, barring those in China, will be accepting Bitcoin in a big to tie its wagon to the cryptocurrency horse that is steadily increasing in momentum.

Future Outlook for BTB

Armed with the influx of capital from its registered direct offering and the acquisition of such an established restaurant chain, BTB is poised to capitalize on the opportunities afforded to it. The company is keen to push for the continued market proliferation of its chains, while investors are hopeful for significant and sustained increases in shareholder value over the long term.

July 16, 2021
Diginex Ltd. (EQOS) Stock Trends Lower Despite Recent Announcement of Collaboration with Intelligence Squared to Launch Series of Crypto Debates

Diginex Ltd. (EQOS) stock prices were down by 4.11% as of the market closing on July 7^th 2021, bringing the price per share down to USD$5.83. Subsequent premarket fluctuations saw the stock fall 2.06%, down to USD$5.71.

Collaboration with Intelligence Squared

July 8^th 2021 saw the company announce its collaboration with Intelligence Squared to launch a special series of debates titled “Intelligence Squared Crypto: Debates Within Cryptocurrency”. The series will seek to urgently address critical issues in the world of cryptocurrency. Several of the world’s best speakers will debate the issues and opportunities related the crypto industry. The series will begin with a debate on the merits of Bitcoin vs gold, the scarcity and anti-inflationary properties of which make them resilient stores of value.

About the Debates

The series aims to make the up and coming cryptocurrency sector more accessible to a wider audience, with a focus on Bitcoin, with the biggest names in crypto sharing their views on some of the most important issues. Audience members will have the facility to ask question and can vote on the motion set for the proceedings of each event. The environmental impact of crypto will also be debated, as will Bitcoin’s potential threat to the U.S dollar as a global reserve currency.

Launch of IS

The launch of Intelligence Squared Crypto was funded by EQOS by bitcoin, which is being held on the company’s balance sheet, having been stored securely by the company’s FCA registered digital asset custodian, Digivault. The events will be free to attend, with the audio from each event becoming episodes on Intelligence Squared’s podcast network.

Scope of Collaboration

Intelligence Squared is a globally leading platform for high-level debate and discussion, with a network of podcasts and a YouTube subscriber count of more than 430,000 users. The platform also has a digital subscription service for live events, called, Intelligence Squared+, which the company will use to facilitate in-person events in London in autumn. The raising of awareness will help bring crypto into the mainstream limelight with healthy debates about all aspects of its utility, sustainability credentials, and challenges. The partnership is expected to be a critical step in the increased adoption of the burgeoning industry.

Future Outlook for EQOS

Armed with its collaboration to increase the scope of cryptocurrency, EQOS is poised to capitalize on the opportunities afforded from the expansion of the crypto sphere. Investors are hopeful that management will continue to leverage the resources at their disposal to both facilitate the raising of awareness, as well as the networking of the company with the biggest names in the industry.

July 8, 2021
Phunware, Inc. (PHUN) Stock on the Rise Following Ten Million PhunToken Sweepstakes Announcement

Phunware, Inc. (PHUN) stock prices were up by a significant 7.1428% shortly after market trading commenced on June 29^th 2021, bringing the price up to USD$1.425 early on in the trading day.

Ten Million PhunToken Sweepstakes

June 28^th, 2021 saw PHUN announce its Ten Million PhunToken Sweepstakes, which will coincide with the release of PhunWallet on the Apple app store. The release will see PhunWallet penetrate both the Apple and Android markets, having already been launched on Google Play. The Sweepstakes will commence at the end of July and will provide participants with the opportunity to early daily entries by engaging with content inside of the PhunWallet app. As per the initiative, 10 winners will be selected to receive one million PhunTokens each.

PhunWallet

The company hopes to combine its PhunWallet and its dual token economy to provide an innovative new platform to brands and consumers. The platform will serve to give stakeholders more control over their data and compensates consumers fairly for their participation. PhunWallet is a cryptocurrency wallet and mobile application that works in conjunction with the company’s proprietary blockchain-enabled data exchange and mobile loyalty ecosystem. The data exchange and ecosystem are respectively powered by PhunCoin and PhunToken.

PHUN Cryptocurrency

Being a regulated store of value, PhunCoin serves to compensate users for their data, while PhunToken is designed to be a medium of exchange that encourages profitable behaviour by unlocking key features of the company’s MaaS platform that reward and measure engagement.PhunCoin issuances identified by the SDK for Apple and Android can be manage by PhunWallet, facilitating the rewarding of consumers for their data with PhunCoin by third-party mobile applications.

PhunWallet Services

Besides managing PhunToken purchases, PhunWallet allows user to manage PhunCoin purchases made in accordance with approved exemptions. PhunTokens can be earned by participating in activities that foster profitable behaviour, such as watching branded videos, completing surveys and visiting points of interest. The platform also facilitates the discovery of brands, deals, and opportunities that are tailored to users. Through PhunWallet, users can opt in or out of specific audience segments that are used by brands to personalize data-enriched media without compromising their PII.

Future Outlook for PHUN

With the company set to be acquired, PHUN is poised for the expanded facilities that will be made available to it to drive further growth. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

June 29, 2021
The OLB Group, Inc (OLB) Stock Surges Ahead of Announcement that SecurePay Will Support NFTs

The OLB Group, Inc (OLB) stock prices were up by an impressive 7.27% shortly after market trading commenced on June 23^rd, 2021, bringing the price per share up to USD$5.31 early on in the trading day.

SecurePay Supports NFTs

June 23^rd, 2021 saw the company announce that its SecurePay payment gateway would facilitate the transfer or sale of digits assets using non-fungible token (NFT) technology. The NFT technology is founded on the Ethereum platform, which is responsible for token generation and redemption, transfer of registered ownership, and associations with assets.

Fraud Prevention

The explosive proliferation of digital ticketing over the past year has emphasized the need to address secure ways to buy and sell these digital properties. Of crucial importance is that this be done without the risk of fraud that is associated with the replication of QR codes or barcodes, particularly on the sale of Peer-to-Peer transaction. The transfer of ownership when an NFT is associated with a digital ticket or asset is assured through a blockchain ledger. This prevents the same ticket from being sold multiple times, which, unfortunately, happens quite often.

Scope of SecurePay

The secure NFT process that has been put in place by OLB is designed to work seamlessly with a myriad of payment processing options of SecurePay. This gives both buyers and sellers unmatched flexibility in funding sources. SecurePay works with several major digital wallets including Apple Pay, Google Pay, crypto wallets, PayPal, and traditional credit cards. Smart contracts are used by NFT functions to facilitate the easy exchange of funds and appropriate management of terms and conditions of sale.

Utility of NFTs

While NFTs are most often associated with art and transactions of collectibles, the way they work is ideal for the sale or transfer of any digital asset, regardless of the dollar value. The company is dedicated to providing solutions that benefit all the parties involved in flexible and secure buying and selling. NFTs are the latest addition to the portfolio of service that the company believes will be effective in the fight against digital asset fraud.

Future Outlook for OLB

Armed with its foray into the burgeoning NFT market space, OLB is poised to continue its trajectory of success. The company is keen to expand its market footprint in the blockchain space, thereby ushering in unprecedented growth. Current and potential investors are hopeful that management will leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

June 23, 2021