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X @The Economist
The Economist· 2025-09-30 21:01
Everyone thought the metaverse would be the next big thing—it wasn't. But generative AI is plainly not the metaverse. While its full impact will only become clear with time, AI is already leaving its mark on the workplace https://t.co/O2CGkcDBas ...
BIGG Digital Assets Announces Extension of Netcoins Exemptive Relief to Operate a Crypto Trading Platform
Globenewswire· 2025-09-30 01:00
Core Viewpoint - BIGG Digital Assets Inc. announced that its subsidiary Netcoins has received a two-year extension for exemptive relief from the British Columbia Securities Commission, allowing it to continue operating a crypto trading platform in Canada [1][2]. Group 1: Company Developments - Netcoins has a growing customer base and consistent trading activity, maintaining a balance sheet that meets regulatory capital requirements [2]. - The extension of the exemptive relief positions Netcoins to apply for registration as an investment dealer and CIRO dealer member by June 1, 2026 [2][5]. - The CEO of Netcoins expressed excitement about the extension, emphasizing the company's commitment to compliance and transparency in the crypto trading space [3]. Group 2: Regulatory Compliance - Netcoins must comply with specific conditions outlined in the decision document, including achieving a positive risk-adjusted capital calculation by January 31, 2026, and submitting a complete CIRO membership application by June 1, 2026 [3][4]. - Failure to meet these milestones may result in operational restrictions, including a potential wind-down of operations in Ontario [3]. Group 3: Future Outlook - The company is committed to actively working towards submitting the CIRO membership application and believes that management will meet the required milestones [5].
BIGG Digital Assets Announces Extension of Netcoins Exemptive Relief to Operate a Crypto Trading Platform
Globenewswire· 2025-09-30 01:00
Core Viewpoint - BIGG Digital Assets Inc. announced that its subsidiary Netcoins has received a two-year extension for exemptive relief from the British Columbia Securities Commission, allowing it to continue operating a crypto trading platform in Canada [1][2]. Company Developments - Netcoins is experiencing consistent trading activity and has a balance sheet that meets regulatory capital requirements, positioning it to apply for registration as an investment dealer and CIRO dealer member by June 1, 2026 [2][5]. - The extension of the exemptive relief reinforces Netcoins' commitment to compliance and transparency, aiming to become one of Canada's leading regulated crypto trading platforms [3][5]. - Netcoins is required to meet specific milestones, including achieving a positive risk-adjusted capital calculation by January 31, 2026, and submitting a complete CIRO membership application by June 1, 2026 [3][4]. Regulatory Compliance - The exemptive relief allows Netcoins to operate under Canadian securities laws, with conditions that must be adhered to, including the delivery of an undertaking to the BCSC and OSC [3][4]. - Failure to meet the specified milestones could result in operational restrictions, including a potential wind-down of operations in Ontario [3][5]. Future Outlook - BIGG Digital Assets is confident in Netcoins' management to meet the required milestones and will provide updates to stakeholders [5].
Analyst On Meta Platforms (META) AI Investments: ‘This Might Look Like Metaverse Days’
Yahoo Finance· 2025-09-29 13:09
We recently published Analysts Are Talking About These 10 Stocks as AI Investments Continue to Grow. Meta Platforms Inc (NASDAQ:META) is one of the stocks analysts were recently talking about. Cleo Capital’s Sarah Kunst said in a program on CNBC last month that Meta Platforms Inc (NASDAQ:META) CEO Mark Zuckerberg’s huge investments to attract top AI talent might not result in significantly positive results for the company. The analyst said Zuckerberg’s investments might end up looking like “Metaverse days ...
X @The Economist
The Economist· 2025-09-28 17:00
Everyone thought the metaverse would be the next big thing—it wasn't. But generative AI is plainly not the metaverse. While its full impact will only become clear with time, AI is already leaving its mark on the workplace https://t.co/3p07ikoFQCIllustration: Paul Blow https://t.co/7dUr7xnU3w ...