Category Archive : Bancor

Heritage Southeast Bancorporation : Reports Third Quarter Earnings of $3.5 million, or $0.49 Per Share








JONESBORO, Ga., Oct. 21, 2021 (GLOBE NEWSWIRE) — Heritage Southeast Bancorporation, Inc. (“Company”) (OTCQX: HSBI) today announced quarterly net income of $3.5 million or $0.49 per diluted share for the third quarter ended September 30, 2021, compared to $2.9 million or $0.40 per diluted share for the prior quarter. Third quarter earnings included higher net interest income and lower operating expenses relative to the prior quarter, though expenses remain elevated from transaction costs associated with the pending acquisition by VyStar Credit Union.

Highlights of the Company’s results for the quarter ended September 30, 2021 and status of the VyStar Credit Union acquisition include the following:

  • All regulatory applications have been submitted and remain pending.
  • Pre-tax core earnings increased to $4.8 million for the third quarter ended September 30, 2021 from $4.6 million for the second quarter ended June 30, 2021. Net income excluding transaction costs was $4.4 million for the third quarter ended September 30, 2021 versus $4.1 million in the previous quarter.
  • Loans (excluding PPP) were up $45.8 million, or 4.6% from the previous quarter and $95.5 million, or…

Read more at www.marketscreener.com

BITW)Announces Reconstitution Of Its Bitwise Crypto Indexes – Facts About CBD

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Bitwise Asset Management’s indexing subsidiary Bitwise 10 Crypto Index Units Beneficiary Interest (OTCMKTS: BITW) has announced Bitwise Crypto indexes’ monthly reconstitution that happened on September 30, 2021.

Bitwise reports no change in Bitwise 10 Large Cap index reconstitution 

Following the September reconstitution, there was no constituents change in Bitwise 10 large Cap Crypto Index with Cosmos (ATOM) joining the index to replace Stellar (XLM).  Interestingly as of September 30, 2021, Bitwise 10 large Cap Crypto Index held various constituents including Bitcoin (61.39%), Ethereum (5.05%), Cardano (3.1%), Chainlink (0.8%), Litecoin (0.76%), Bitcoin Cash (0.7%), Uniswap (0.69%), Cosmos (0.58%), and Polygon (0.56%).

Equally following the reconstitution, the company didn’t have any changes in the Bitwise Decentralized Finance Crypto index s of September 30, 2021. Bitwise Decentralized Finance Crypto Index held Uniswap (40.78%), Aave (16.01%), Maker (9.99%), Compound (7.52%), Sushiswap (5.6%), Yearn.Finance (4.71%), Curve (4.34%), Ren (4.23%), Bancor (3.55%), and Ox (3.28%).

Bitwise Crypto Indexes reconstituted monthly 

The company reconstitutes the Bitwise Crypto Indexes monthly as per the…

Read more at factsaboutcbd.org

Webtel.mobi’s System and TUV Digital Currency – 21st Century Versions of Keynes’s International Clearing Union and Bancor


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WM’s independently reviewed system provides the fully-functional and globally operational structures and processes as proposed by John Maynard Keynes at the Bretton Woods Conference – and provide the key to reform the Global Financial System

ST PETER PORT, Guernsey and NEW YORK, Oct. 07, 2021 (GLOBE NEWSWIRE) — Global Telephony Company Webtel.mobi (“WM”) spent several years creating its first operational platform – Platform 1 – which was made live in 2009.

On completion, Platform 1 already had within it all of the components and processes of Keynes’s proposed International Clearing Union and Bancor – the proposed pillars of a post-WW2 new and stable Global Financial System.

However, to fully confirm and refine the system’s capacities, processes, and the thousands of requirements to ensure a safe, stable, legal, and fit-for-purpose Global Financial System in a regulatorily compliant environment – WM spent the next nine years until 2018 in fully operational global testing with limited user groups worldwide.

Thereafter, from 2018 to 2021, WM rebuilt its system in its entirety to incorporate…

Read more at www.streetinsider.com

Webtel.mobi’s System and TUV Digital Currency – 21st

ST PETER PORT, Guernsey and NEW YORK, Oct. 07, 2021 (GLOBE NEWSWIRE) — Global Telephony Company Webtel.mobi (“WM”) spent several years creating its first operational platform – Platform 1 – which was made live in 2009.

On completion, Platform 1 already had within it all of the components and processes of Keynes’s proposed International Clearing Union and Bancor – the proposed pillars of a post-WW2 new and stable Global Financial System.

However, to fully confirm and refine the system’s capacities, processes, and the thousands of requirements to ensure a safe, stable, legal, and fit-for-purpose Global Financial System in a regulatorily compliant environment – WM spent the next nine years until 2018 in fully operational global testing with limited user groups worldwide.

Thereafter, from 2018 to 2021, WM rebuilt its system in its entirety to incorporate into its new Platform 2 all the required refinements identified during the operational testing phase. WM’s Platform 2 was made fully operational for unrestricted global operations in Q3 2021.

The top-level characteristics of the WM System include the following:

  1. It is a fully 21st Century version of Keynes’s proposed International Clearing Union –…

Read more at www.globenewswire.com

Dot.Finance Releases DAO & Expecting the Boost in PINK Price

Dot.Finance, a DeFi aggregator dedicated to Polkadot, allows investors to vote on proposals for the first time. The platform released its DAO governance framework last week, giving PINK token-holders and stakers the ability to influence its future direction and product development.

As with DeFi’s many other decentralized autonomous organizations, the governance model confers voting power based on the number of tokens held or staked. Thus, those with the largest stake in Dot.Finance’s success will hold the most sway. Although 1 PINK equals 1 voting power, a minimum threshold – currently set at 2,500 PINK – determines one’s eligibility to participate.

According to Dot.Finance, whose executive team includes a swathe of ex-Bancor employees, the DAO will pave the way for ‘broader debate and clearer consensus around important decisions related to product development, growth directions, or features requested by users, fostering community involvement where our users have the freedom to participate in voicing their thoughts around the future of the Dot.Finance platform.’

Voters Set to Bolster Vault Rewards

The first proposal on the table addresses the question of whether to increase the rewards of the PINK/BNB vault…

Read more at www.cryptonewsz.com

Shiba Inu And This Minor Altcoin Are Buzzing More On Twitter Than Dogecoin And Bitcoin – Dogecoin – United States Dollar ($DOGE)

Shiba Inu (CRYPTO: SHIB) and Velas (CRYPTO: VLX) are seeing higher interest than major cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) on Twitter in the early hours of Tuesday, as per Cointrendz data.

What Happened: Velas is the most-mentioned cryptocurrency on the microblogging platform with 7,639 tweets, followed by Shiba Inu with 7,197 tweets over 24 hours leading to press time.

See Also: How To Buy Shiba Inu (SHIB)

Bitcoin and Dogecoin are the third and fifth-most discussed coins, respectively, as per Cointrendz.

Why It Matters: Velas is an artificial intuition (AI)-powered Delegated Proof-of-Stake (AIDPOS) blockchain and open-source platform.  

Velas said on Twitter Monday that its proposal is live to be listed on Bancor decentralized exchange and that over 40 projects are scheduled to be launched into the Velas ecosystem.

The team behind the token recently announced the launch of VelasPad – the first launchpad built specifically for the Velas blockchain.

Meanwhile, Shiba Inu, which calls itself the…

Read more at www.benzinga.com

Is China’s cryptocurrency ban a boon for decentralization?

Banks and payment gateways must also cease providing services to cryptocurrency exchanges in China. However, Beijing’s new regulations address only centralized exchanges (CEXs) – i.e., those platforms that are controlled by a single entity or company like Binance, Huobi or KuCoin. On the heels of China’s recent crackdown on cryptocurrency, traditional cryptocurrency exchanges are beginning a rapid pullout from one of their biggest markets.

 

Decentralized exchanges (DEXs), or those platforms without a single controlling entity, continue to trade.

For years crypto enthusiasts have touted the benefits of decentralization, especially censorship resistance, distributed governance and shared profits, all while leaving their holdings on CEXs.

Back in 2017, Bancor launched the first-ever ‘automated market maker,’ and with it outlined a vision for the future of decentralized trading and liquidity provision. Soon after that platform went live, analysts began to speculate that DEXs would soon overtake centralized exchanges in terms of trading volume.

However, the early years of decentralized trading were hindered by a lack of liquidity and high slippage on trades of even popular assets like Ethereum. This meant that the large…

Read more at www.bollyinside.com

Citizens Community Bancorp, Inc. Earnings Increase 53% to $4.7 Million, or $0.44 Per Share in 2Q21 from 2Q20; 2021 Record Six Month Earnings of $10.2 million, Increase of 80% from 2020; Annualized Gross Loan Growth of 12% and Asset Quality Continues to Improve; Board Approves 5% Stock Repurchase Program








EAU CLAIRE, Wis., July 26, 2021 (GLOBE NEWSWIRE) — Citizens Community Bancorp, Inc. (the “Company”) (Nasdaq: CZWI), the parent company of Citizens Community Federal N.A. (the “Bank” or “CCFBank”), today reported earnings of $4.7 million or $0.44 per diluted share for the quarter ended June 30, 2021 compared to $5.5 million, or $0.50 per diluted share for the quarter ended March 31, 2021, and $3.1 million, or $0.28 per…

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Next Earth Token proposal with 5k BNT co-investment goes

Budapest, Hungary, July 22, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) Next Earth, the upcoming metaverse, has successfully submitted a proposal for liquidity in Bancor. The proposal to whitelist Next Earth Token with a co-investment of 5,000 BNT will likely slide through the scrutiny as there are no known security and legitimacy concerns related to the project. The voting will take place when the Next Earth Token goes live.

A multitude of metaverse projects are going live these…

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Next Earth Token proposal with 5k BNT co-investment goes live on Bancor – Voting soon

NFT based, transparent digital land purchasing platform. Instantly buying selling land, directly from your wallet.

Budapest, Hungary, July 22, 2021 (GLOBE NEWSWIRE) — (via Blockchain Wire) Next Earth, the upcoming metaverse, has successfully submitted a proposal for liquidity in Bancor. The proposal to whitelist Next Earth Token with a co-investment of 5,000 BNT will likely slide through the scrutiny as there are no known security and legitimacy concerns related to the project. The voting…

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