Digital Cash Management

Bakkt Announces Reverse Stock Split

Retrieved on: 
Tuesday, April 23, 2024
Blockchain, Cryptocurrency, Finance, Asset Management, Banking, Professional Services, Technology, Digital Cash Management, Digital Assets, Common, Parity, New York Stock Exchange, Reverse stock split, Bakkt, Common stock, CUSIP, Security (finance)

Bakkt Holdings, Inc. (NYSE: BKKT) today announced that, following approval by the Company's stockholders and its Board of Directors, the Company will effect a reverse stock split (the “Reverse Stock Split”) of Bakkt’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”), and Class V common stock, par value $0.0001 per share (“Class V Common Stock” and collectively with the Class A Common Stock, the “Common Stock”), at a ratio of 1-for-25 (the “Reverse Stock Split Ratio”), effective as of the close of the trading day on The New York Stock Exchange (the “NYSE”) on April 26, 2024 (the “Effective Time”).

Key Points: 
  • Bakkt Holdings, Inc. (NYSE: BKKT) today announced that, following approval by the Company's stockholders and its Board of Directors, the Company will effect a reverse stock split (the “Reverse Stock Split”) of Bakkt’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”), and Class V common stock, par value $0.0001 per share (“Class V Common Stock” and collectively with the Class A Common Stock, the “Common Stock”), at a ratio of 1-for-25 (the “Reverse Stock Split Ratio”), effective as of the close of the trading day on The New York Stock Exchange (the “NYSE”) on April 26, 2024 (the “Effective Time”).
  • Following the Reverse Stock Split, the Company’s Class A Common Stock will have a new CUSIP number (05759B 305).
  • In connection with the Reverse Stock Split, the Company will effect a corresponding and proportional adjustment to its authorized shares of Common Stock, such that the 1,000,000,000 authorized shares of Common Stock, consisting of 750,000,000 shares of Class A Common Stock and 250,000,000 shares of Class V Common Stock will be reduced proportionately pursuant to 40,000,000 authorized shares of Common Stock, consisting of 30,000,000 shares of Class A Common Stock and 10,000,000 shares of Class V Common Stock.
  • Stockholders who would otherwise hold fractional shares because the number of shares of Class A Common Stock they hold before the Reverse Stock Split is not evenly divisible by the Reverse Stock Split Ratio will be entitled to receive cash (without interest, and subject to any required tax withholding applicable to a holder) in lieu of such fractional shares.

Ouro Partners with Bnext as Strategic Issuer for European Expansion Plans

Retrieved on: 
Tuesday, April 23, 2024
Retail, Security, Consumer Electronics, Technology, Fintech, Banking, Apps, Applications, Professional Services, Online Retail, Other Retail, Electronic Commerce, Digital Cash Management, Digital Assets, Telecommunications, Payments, Software, Mobile, Wireless, Mastercard, Partnership, Correos, Bank, Multimedia, ATM, Growth, Cryptocurrency

Ouro, a global consumer financial services and technology innovator, and Bnext, a pioneering Spanish fintech, today announced a strategic partnership designating Bnext as Ouro’s strategic issuer in Europe for Ouro’s portfolio of consumer financial brands and products.

Key Points: 
  • Ouro, a global consumer financial services and technology innovator, and Bnext, a pioneering Spanish fintech, today announced a strategic partnership designating Bnext as Ouro’s strategic issuer in Europe for Ouro’s portfolio of consumer financial brands and products.
  • “The Bnext team has a proven track record of innovation and understanding of the customer needs of a growing European market for next generation payment products and services,” said Ouro Co-founder and CEO Roy Sosa.
  • The partnership supports Ouro’s strategic focus on innovation, growth, and expansion to global markets.
  • Bnext holds an electronic money issuer license issued by the Bank of Spain and passports to the 27 member states in the EU and Norway.

Visa Fiscal Second Quarter 2024 Financial Results

Retrieved on: 
Tuesday, April 23, 2024
Professional Services, Payments, Technology, Finance, Banking, Digital Cash Management, Digital Assets, Webcast

Visa will host a live audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results.

Key Points: 
  • Visa will host a live audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results.
  • The webcast and all related materials can also be accessed through Visa’s Investor Relations website at investor.visa.com .
  • Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories.
  • We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.

Entrust Fights Deepfakes, Phishing, and Account Takeover Attacks with AI-Powered Identity-Centric Security Solution

Retrieved on: 
Tuesday, April 23, 2024
Banking, Software, Networks, Professional Services, Internet, Hardware, Data Management, Technology, Digital Cash Management, Digital Assets, Artificial Intelligence, Security, Other Professional Services, Other Technology, News, AI, RSA Conference, IDV, Onfido, Conference, Digital, Zero trust security model, IAM, As a service, Deepfake, Access management, RSAC, ID, Organization, Digital security, Gartner, Fraud, Cryptocurrency

Entrust , a global leader in trusted payments, identities, and data security, today announced a single-vendor enhanced authentication solution that integrates identity verification (IDV) and identity and access management (IAM) to fight deepfakes, phishing, account takeover (ATO) attacks and other threats.

Key Points: 
  • Entrust , a global leader in trusted payments, identities, and data security, today announced a single-vendor enhanced authentication solution that integrates identity verification (IDV) and identity and access management (IAM) to fight deepfakes, phishing, account takeover (ATO) attacks and other threats.
  • This equips the IDaaS platform with a new layer of hardened security that resists identity fraud and phishing, secures digital interactions, and safeguards sensitive information.
  • Entrust was recognized in the 2023 Gartner Magic Quadrant for Access Management .
  • This data and more will be released in a new special edition of the Fraud Report for RSAC.

HashKey Global Partners with Solidus Labs to Elevate Real-Time Trade Surveillance

Retrieved on: 
Wednesday, April 24, 2024
Professional Services, Technology, Blockchain, Cryptocurrency, Finance, Digital Cash Management, Digital Assets, Partnership

HashKey Global, one of the flagship global digital asset exchanges under HashKey Group, announced today its partnership with Solidus Labs , a pioneer in crypto-native compliance and security solutions.

Key Points: 
  • HashKey Global, one of the flagship global digital asset exchanges under HashKey Group, announced today its partnership with Solidus Labs , a pioneer in crypto-native compliance and security solutions.
  • By leveraging Solidus' technology, HashKey Global was able to swiftly establish comprehensive surveillance capabilities across both spot and soon-to-be-launched derivatives markets on HashKey Global , its newly launched Bermuda-licensed exchange.
  • The partnership between HashKey Global and Solidus Labs will focus on trade surveillance for both spot and derivatives markets on the exchange.
  • "Solidus Labs emerged as the ideal partner for us due to their expertise in trade surveillance and deep understanding of the cryptocurrency landscape," said Ben El-Baz, Managing Director of HashKey Global.

ICE Environmental Contracts Traded the Equivalent of $1 Trillion in Notional Value for the Third Consecutive Year

Retrieved on: 
Monday, April 22, 2024
Banking, Professional Services, Fintech, Environmental Health, Alternative Energy, Energy, Technology, Digital Cash Management, Digital Assets, Asset Management, Environment, Finance, Environmental, Social and Governance (ESG), Carbon, RGA, Risk, Heart, ICE, Intercontinental Exchange, LCFS, LNG, Intercontinental, Renewable energy

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that 2023 marked the third consecutive year where ICE carbon allowance volumes traded the equivalent to $1 trillion in notional value.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that 2023 marked the third consecutive year where ICE carbon allowance volumes traded the equivalent to $1 trillion in notional value.
  • Trading activity in ICE’s global environmental markets is up over 30% year-over-year (y/y) with open interest up 20% y/y.
  • In 2024 year-to-date, over 1.6 million contracts have traded across North American environmental markets, up over 40% versus this period last year.
  • The notional value of physically settled futures contracts in the North American portfolio was $10.8 billion in 2023, breaking the last record set in 2021.

Backbase ENGAGE 2024: The Big Shift in Banking in the Americas

Retrieved on: 
Monday, April 22, 2024
Professional Services, Technology, Software, Finance, Fintech, Banking, Digital Cash Management, Digital Assets, Shift, Diamond, Ecosystem, Investment, Certification, Credit union, Fontainebleau Miami Beach, CPO, Wealth management, Navy Federal Credit Union, LATAM, Partnership, Navy, Ent Credit Union, School, EverBank

Backbase , the creator of the Engagement Banking Platform, is thrilled to announce the inaugural ENGAGE Americas 2024 conference , at the Fontainebleau Hotel in Miami, on April 23, 2024.

Key Points: 
  • Backbase , the creator of the Engagement Banking Platform, is thrilled to announce the inaugural ENGAGE Americas 2024 conference , at the Fontainebleau Hotel in Miami, on April 23, 2024.
  • At ENGAGE Americas 2024, we continue to bring together the ecosystem of digital leaders and change makers who are driving the progressive modernization of their institutions.
  • ENGAGE Americas is not like any other banking event; it brings together the most senior leadership driving digital change in the banking industry in the Americas.
  • In addition, Backbase's CEO, CPO, and CTO will delve into "The Big Shift," offering their unique insights on the future of banking.

PENN Entertainment Names Aaron LaBerge Chief Technology Officer

Retrieved on: 
Monday, April 22, 2024
Software, Entertainment, Sports, Mobile Entertainment, General Sports, Apps, Applications, Technology, Digital Cash Management, Digital Assets, Other Sports, General Entertainment, Other Technology, Casino, Gaming, ESPN, Penn Entertainment, University, Walt Disney, Sport, Commerce, Growth, Engineering, Interactivity, Multimedia, Senior, Video game

PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) announced today that Aaron LaBerge has been named Chief Technology Officer (“CTO”) effective July 1, 2024, subject to customary regulatory approvals.

Key Points: 
  • PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) announced today that Aaron LaBerge has been named Chief Technology Officer (“CTO”) effective July 1, 2024, subject to customary regulatory approvals.
  • View the full release here: https://www.businesswire.com/news/home/20240422272916/en/
    Aaron LaBerge - Chief Technology Officer, PENN Entertainment (Photo: Business Wire)
    In his new role, Mr. LaBerge will be responsible for driving the technology strategy and execution for PENN, while leading the multinational team of technologists and serving as the key business leader for the company’s Interactive division.
  • Mr. LaBerge spent more than 20 years at The Walt Disney Company, in two stints separated by five and a half years as a technology entrepreneur.
  • He was most recently President & Chief Technology Officer for Disney Entertainment and ESPN where he was responsible for driving all technology and product development in support of The Walt Disney Company’s two media divisions.

Unlock 25% College Tuition Savings with Streetbeat’s Innovative Tuition Rewards Program

Retrieved on: 
Monday, April 22, 2024
Collegiate, Blockchain, Teens, Parenting, Artificial Intelligence, Venture Capital, Family, Finance, Consulting, Consumer, Professional Services, Digital Cash Management, Digital Assets, Technology, Personal Finance, Cryptocurrency, Other Education, University, Education, Design, Parent, San Diego University, Art, Multimedia, Tutoring

This pioneering initiative offers families the unique opportunity to significantly reduce college tuition costs through smart investing via Streetbeat.

Key Points: 
  • This pioneering initiative offers families the unique opportunity to significantly reduce college tuition costs through smart investing via Streetbeat.
  • The Streetbeat Tuition Rewards Program transforms how families approach financing higher education.
  • A program like Streetbeat's Tuition Rewards Program would have been life-changing.
  • To explore more about how Streetbeat’s Tuition Rewards Program can make college more affordable for your family, please visit https://get.streetbeat.com/tuitionrewards .

DigitalBridge Announces Exchanges and Redemption of 2025 Exchangeable Senior Notes

Retrieved on: 
Monday, April 22, 2024
Professional Services, Data Management, Technology, Telecommunications, Asset Management, Digital Cash Management, Digital Assets, Debt-to-GDP ratio, Senior, Security (finance), Note

DigitalBridge Group, Inc .

Key Points: 
  • DigitalBridge Group, Inc .
  • (NYSE: DBRG) (“DigitalBridge” or the “Company”) today announced the exchanges and redemption of the remaining $78 million balance of its 5.75% Exchangeable Senior Notes due 2025 (“2025 Senior Notes”).
  • The transactions resulted in the issuance of 8.2 million additional Class A common shares to exchanging noteholders, which have previously been included in the Company’s calculation of its fully diluted share count, and a cash payment of $5 million to redeem the remaining outstanding principal balance of the 2025 Senior Notes following the exchanges.
  • The Company has filed a prospectus supplement and a current report on Form 8-K with the Securities and Exchange Commission in connection with the registration of common shares issued to certain holders in exchange for their 2025 Senior Notes.