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Wellfield Technologies Inc. Announces Potential Delay in Annual Filings and Application for Management Cease Trade Order
Newsfile· 2025-07-17 21:05
Core Viewpoint - Wellfield Technologies Inc. has announced a potential delay in its annual filings for the financial year ended March 31, 2025, and is applying for a temporary management cease trade order (MCTO) to manage the situation [1][2][3]. Group 1: Annual Filings Delay - The company anticipates it may not complete its annual filings, which include audited financial statements and management's discussion and analysis, by the July 29, 2025 deadline [2]. - The delay is attributed to several factors, including the ongoing spin-off of Tradewind Markets Inc., geopolitical events affecting staffing, misalignment with the auditor, and the recent appointment of a new Chief Financial Officer [3]. Group 2: Management Cease Trade Order (MCTO) - The company is applying for an MCTO, which, if granted, will restrict trading in its securities by certain insiders but will not affect other parties [1][3]. - The company aims to remedy any filing default and return to compliance by completing the annual filings on or before August 31, 2025 [4]. Group 3: Company Overview - Wellfield Technologies, Inc. is a fintech company specializing in blockchain technology solutions, with its platform Coinmama serving over 3.5 million registered users across 180 countries [6]. - The company also operates the Tradewind Markets platform, which digitizes and trades real-world assets, including VaultChain™ Gold and VaultChain™ Silver products [6].
Webull Corporation to Consolidate Crypto Entities
Prnewswire· 2025-07-17 13:00
Core Viewpoint - Webull Corporation is reintroducing crypto trading on its platform in the United States, following a successful launch in Brazil, as part of its strategy to consolidate Webull Pay LLC back into the Webull group [1][2]. Group 1: Company Developments - Webull Corporation will integrate Webull Pay LLC back into its operations, enhancing its ability to meet customer needs and advance its crypto trading offerings [1][2]. - The business combination will result in Webull Pay Inc. becoming a subsidiary of Webull Corporation, with approval from both the board and shareholders [2]. - The reintroduction of crypto trading is expected to occur in the third quarter of 2025, expanding Webull's services to its global customer base [1][3]. Group 2: Market Expansion - Crypto trading is currently available in Brazil, with plans for further market rollouts in the coming months, including the United States [1][3]. - The decision to reintroduce crypto trading is supported by improving clarity in cryptocurrency regulations both domestically and internationally [2]. Group 3: Company Overview - Webull Corporation operates a digital investment platform that serves over 24 million registered users globally, providing access to various investment services across 14 markets [4]. - The platform allows users to trade global stocks, ETFs, options, futures, fractional shares, and digital assets, integrating market data and educational resources [4].
Wellfield Announces the Appointment of New CFO
Newsfile· 2025-07-16 21:05
Company Announcement - Wellfield Technologies Inc. has appointed John Parker as Chief Financial Officer, effective July 11, 2025, succeeding Levy Cohen who served as interim CFO since January 2025 [1][3] Leadership Experience - John Parker brings over 25 years of leadership experience, having held roles as a business owner, CFO, General Manager, and Director. He has developed financial reporting processes and key performance indicators to drive profitable growth [2] Company Overview - Wellfield Technologies, Inc. is a fintech company specializing in blockchain technology solutions. Its platform Coinmama provides access to the cryptocurrency market for over 3.5 million registered users across 180 countries. The company also operates Tradewind Markets to digitize and trade real-world assets, including VaultChain™ Gold and VaultChain™ Silver products [4]
BTC Digital Ltd. Announces Closing of $6.0 Million Registered Direct Offering
Prnewswire· 2025-07-16 16:59
Company Overview - BTC Digital Ltd. is a blockchain technology company focused on creating value in the metaverse, blockchain, and cryptocurrency mining industry [5] - The company is committed to developing blockchain-related businesses in North America, including cryptocurrency mining, mining farm construction, mining pool and data center operation, and miner accessories [5] Offering Details - The company announced the closing of a registered direct offering with institutional investors, raising approximately $6.0 million by selling 2,000,000 Ordinary Shares at a price of $3.00 per share [1][2] - Aggregate gross proceeds from the offering were approximately $6.0 million before deducting fees and expenses [2] - The transaction closed on July 16, 2025, and the net proceeds will be used for the purchase of Ethereum [2] Legal and Regulatory Information - Aegis Capital Corp. acted as the exclusive placement agent for the offering, with various law firms providing counsel to the company [3] - The offering was made pursuant to an effective shelf registration statement on Form S-3 previously filed with the U.S. Securities and Exchange Commission (SEC) [3]
Bullet Blockchain Announces Partnership and Licensing Agreement
Globenewswire· 2025-07-16 12:35
Core Insights - Bullet Blockchain, Inc. has entered a strategic partnership and licensing agreement with Innovative Payment Solutions, Inc. to enhance Bitcoin ATM transactions across Mexico [1][2] - The partnership aims to secure and expand the cryptocurrency payment ecosystem in North America, with IPSI paying a royalty fee for each transaction through Bullet Blockchain's network [2][4] Licensing Agreement - IPSI will gain licensed access to Bullet Blockchain's intellectual property portfolio, which includes critical technologies for Bitcoin ATMs [2][5] - Bullet Blockchain is actively pursuing licensing agreements with Bitcoin ATM operators to foster a regulated infrastructure and avoid litigation [3][6] Consumer Protection - The partnership emphasizes consumer safety by addressing concerns related to unlicensed Bitcoin ATMs, which pose risks of fraud and illicit activities [4] - Bullet Blockchain and IPSI are committed to consumer protection and industry regulation through this licensing agreement [4] Intellectual Property - Bullet Blockchain owns two key patents related to Bitcoin ATM technology, which are essential for the operation and security of these machines [5] - The company continues to advance its licensing initiatives, offering various partnership models to operators and manufacturers [6] Company Overview - Bullet Blockchain is a diversified software development and blockchain technology company, publicly traded on the OTC Markets under the symbol BULT [7] - The company is focused on driving innovations in digital and blockchain-related platforms, aiming for rapid growth and increased shareholder value [7]
Crypto Legislation To Bring Regulatory Clarity: Steil
Bloomberg Television· 2025-07-15 17:25
Legislation & Regulation - The House is expected to pass three major pieces of legislation related to crypto, including the Genius Act which has already passed the Senate, aiming to further the dollar's dominance [2][3] - The legislation seeks to provide regulatory clarity for Web3, protect consumers, and enable the US to compete with other countries, especially China [3] - A key focus is preventing the development and imposition of a central bank digital currency on the American people [3] - The industry believes current regulation is poor and designed for a previous era, advocating for new regulation tailored for Web3 to encourage its development in the US [6][7] - The Genius Act aims to regulate stablecoins, adding transparency through audits and ensuring governance under US laws, which the industry believes will reduce financial risks [11] Market & Industry Dynamics - The US benefited from large tech companies being domiciled within its borders during the Web2 era [5] - The US aims to win the Web3 race through a regulatory framework that protects consumers and fosters leadership in the crypto space [3][14][15] - Concerns exist regarding potential conflicts of interest related to crypto investments among individuals in Washington [13] - Donald Trump's net worth has seen changes with licensing deals and crypto ventures adding at least $620 million to his fortune [16] - Stablecoins are already significant purchasers of U S Treasuries, and the regulatory framework aims to manage associated risks [9][11]
BTC Digital Ltd. Announces $6.0 Million Registered Direct Offering
Prnewswire· 2025-07-15 13:00
Group 1 - BTC Digital Ltd. has entered into definitive agreements for a registered direct offering with institutional investors, raising approximately $6.0 million by selling 2,000,000 Ordinary Shares at a price of $3.00 per share [1][2] - The gross proceeds from the offering are expected to be around $6.0 million before deducting fees and expenses, with the transaction anticipated to close on or about July 16, 2025 [2] - The net proceeds from the offering will be used, along with existing cash, for the purchase of Ethereum [2] Group 2 - Aegis Capital Corp. is acting as the exclusive placement agent for the offering, with various law firms providing legal counsel to the company and the placement agent [3] - The offering is made under an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission (SEC) [4] Group 3 - BTC Digital Ltd. is a blockchain technology company focused on creating value in the metaverse, blockchain, and cryptocurrency mining industry, with plans to develop blockchain-related businesses in North America [7]
Spectral Capital Corporation Signs Agreement to Acquire 42 Telecom Ltd., a Global Leader in Messaging Infrastructure
Prnewswire· 2025-07-15 11:03
Core Viewpoint - Spectral Capital Corporation has entered into a binding agreement to acquire 100% of the equity of 42 Telecom Ltd., a Maltese-based telecommunications infrastructure provider, marking a strategic expansion into high-growth areas such as enterprise messaging, AI-enhanced fraud prevention, and quantum-integrated blockchain technology [1][4]. Company Overview - Spectral Capital Corporation is a deep technology company focused on AI technology and Quantum Computing, with over 20 years of expertise in accelerating emerging technologies [7][8]. - 42 Telecom Ltd. is recognized as a leading provider of international messaging infrastructure, particularly known for its SMS traffic into Vietnam, delivering billions of messages annually [2][9]. Transaction Details - Under the acquisition agreement, Spectral will issue 8,000,000 shares of common stock to Heritage Ventures Ltd., the sole shareholder of 42 Telecom, with an additional 8,000,000 shares placed in escrow for earnout and valuation protection tied to 42 Telecom's financial performance in 2025 and 2026, guaranteeing revenues of $15 million in 2025 [3]. - The transaction is subject to customary closing conditions, including regulatory and board approvals, and upon closing, 42 Telecom will become a wholly owned subsidiary of Spectral [6]. Strategic Implications - The acquisition provides Spectral access to advanced messaging infrastructure and a unique position in Southeast Asian markets, enhancing its enterprise client base [4]. - The combined capabilities of Spectral's technologies in compression, fraud prevention, and data mining, along with 42 Telecom's messaging gateway and compliance tools, will target enterprise messaging use cases in sectors such as healthcare, finance, and government [4][5]. Intellectual Property and Innovation - The acquisition is expected to add numerous patentable inventions to Spectral's intellectual property portfolio, including next-generation fraud detection and blockchain-integrated messaging verification frameworks developed by 42 Telecom [5].
Remittix Confirms Native Solana Integration Ahead of RTX Wallet Launch in Q3 2025
GlobeNewswire News Room· 2025-07-11 17:00
Core Insights - Remittix is set to launch its RTX Wallet with native Solana integration in Q3 2025, allowing users to swap Solana and SPL stablecoins into local currencies instantly [2][8] - The integration aims to enhance transaction speed, reduce settlement fees, and improve usability for both consumers and merchants [3][4] - Remittix has raised over $16 million in presale commitments, with plans to reach an $18 million soft cap soon [4][8] Product Features - The RTX Wallet will support Bitcoin, Ethereum, and XRP alongside Solana, enabling quick conversions of digital assets into local cash [2][8] - It features a simplified user interface for easy cryptocurrency conversion and a dual-key security system for enhanced user control [5] - Built-in merchant features include automated tax savings and spare-change rounding to facilitate micro-savings [5] Upcoming Developments - The public Android beta is scheduled for launch in August 2025, with a freelancer plug-in for instant invoicing and settlement planned for October [7] - Licensing approvals are nearing completion in Brazil and Kenya, which are key markets for cross-border transfers [7][6]
X @CoinDesk
CoinDesk· 2025-07-09 14:32
Industry Outlook - Senator Tim Scott declares blockchain technology and digital assets are here to stay [1]