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Lottery.com Inc. Changes Corporate Name to Sports Entertainment Gaming Global Corporation
Globenewswire· 2026-01-27 17:19
Core Viewpoint - The company, formerly known as Lottery.com Inc., is rebranding to Sports Entertainment Gaming Global Corporation to reflect its strategic shift from a lottery-focused business to a diversified enterprise in sports, entertainment, and gaming sectors [1][2]. Group 1: Name Change and Strategic Shift - The name change has been approved by the Company's Board of Directors and will take effect upon acceptance by the Delaware Secretary of State [1][2]. - This transformation aims to advance a diversified portfolio of assets across various verticals, including sports and entertainment [2]. Group 2: Business Operations and Leadership - The company is focusing on increasing revenue and enhancing the value of its domain name assets, which include Sports.com, Concerts.com, TicketStub.com, and Lottery.com [3]. - The current leadership team has undergone significant changes since mid-2022, ensuring compliance with SEC regulations and distancing itself from past executive conduct [5]. Group 3: SEC Complaint and Company Response - A civil complaint has been filed by the SEC against former executives related to conduct from 2020 to mid-2022, but the current management was not involved in these actions [4][5]. - The company has cooperated fully with the SEC's investigation and is engaged in discussions regarding a potential settlement, believing the claims lack merit [5]. Group 4: Shareholder Engagement - The company has seen a significant increase in shareholder engagement, gaining over 3,600 new shareholders in the last 30 days, representing a 68% increase [6]. Group 5: Company Overview - SEGG Media is positioned as a global sports, entertainment, and gaming group that integrates traditional assets with blockchain innovation, focusing on immersive fan engagement and ethical gaming [7].
Ripple Expands in Middle East with Riyad Bank Partnership
Yahoo Finance· 2026-01-26 13:40
Core Insights - Ripple Labs Inc. has secured a significant partnership with Riyad Bank in Saudi Arabia, aimed at enhancing the country's financial future through blockchain technology [1] - The collaboration will focus on exploring advanced blockchain applications via Jeel, a subsidiary of Riyad Bank, to strengthen financial services in the region [2] Group 1: Partnership and Strategic Goals - The partnership with Jeel aims to develop a secure and transparent digital infrastructure to support financial services across Saudi Arabia, aligning with the country's vision for financial innovation [2] - This collaboration is seen as a key opportunity for the Gulf region's remittance and trade corridors, emphasizing the importance of crypto custody and tokenization as foundational components for future financial markets [3] Group 2: Institutional Demand and Market Developments - The deal reflects a growing institutional demand for crypto assets, indicating a broader trend within the crypto space [4] - Ripple has also made strides by listing its USD-pegged stablecoin RLUSD on Binance, which is expected to increase liquidity within the Ripple ecosystem [5] - Additionally, Ripple has extended its collaboration with Garanti BBVA in Turkey, utilizing its custody technology for securing major crypto assets, showcasing confidence in Ripple's offerings [6]
Lottery.com Inc. Announces Closing of Registered Direct Public Offering
Globenewswire· 2026-01-20 21:32
Core Viewpoint - SEGG Media Corporation has completed a registered direct offering of 2,449,857 shares of common stock, raising approximately $1,700,000 before fees and expenses, with the offering closing on January 20, 2026 [1] Group 1: Offering Details - The offering price was based on the average closing price for the five trading days prior to January 16, 2026 [1] - The net proceeds from the offering will primarily be used for general working capital and to advance previously announced acquisitions of profitable businesses [2] - Dawson James Securities, Inc. acted as the sole placement agent for the offering [2] Group 2: Financing Arrangements - The company has withdrawn from two previously disclosed financing arrangements, which is not expected to materially impact its liquidity or operations [6] - SEGG Media has agreed in principle to terminate a note and securities purchase agreement with Evergreen Capital Markets LLC, which included a $500,000 advance received in December [7] - The company has also terminated a $150 million loan agreement with United Capital Investments London Limited, which was amended in August 2023, with no significant equity issuances expected as a result [8] Group 3: Strategic Focus - The company remains focused on acquiring cash-generative businesses, including Veloce Media Group and Nook Holdings Ltd., while also developing revenue from existing assets like Sports.com and Lottery.com [9] - SEGG Media does not anticipate undertaking large financing transactions that would dilute existing shareholders or pursue acquisitions requiring significant ongoing cash [9] Group 4: Company Overview - SEGG Media Corporation is a global sports, entertainment, and gaming group that integrates traditional assets with blockchain innovation [10] - The company aims to build immersive fan engagement and ethical gaming through its portfolio of digital assets [10]
Algorand Foundation returns to U.S. amid friendlier crypto regulation under Trump
Yahoo Finance· 2026-01-14 14:00
The Algorand Foundation said it will re-establish its headquarters in the United States, returning to Delaware from Singapore as part of a broader restructuring that includes the appointment of a new board of directors, the organization said in a press release Wednesday. The nonprofit, which supports development of the Algorand blockchain, said the move reflects a renewed emphasis on U.S. operations as it expands work on areas such as payments infrastructure, asset tokenization and other blockchain-based ...
AsiaStrategy shareholding update results in Sora Ventures' Jason Fang becoming the largest shareholder
Globenewswire· 2025-11-10 11:30
Core Insights - AsiaStrategy has undergone a significant change in its shareholding structure, with Jason Fang, CEO of Sora Ventures, becoming the largest shareholder [1][2] - The previous major shareholder, Pride River Limited, has seen its ownership restructured, with Mr. Ngai Kwan holding 49%, Sora Vision Limited at 30%, and Sora Ventures II Master Fund at 21% [2] - The management team, operations, and strategic direction of AsiaStrategy remain unchanged, focusing on cross-border institutional strategy and digital innovation [3] Company Overview - AsiaStrategy, listed on Nasdaq as SORA, is a leader in institutional digital asset strategy in Asia, particularly in Bitcoin treasury strategies [4] - Founded in 2001, the company initially specialized in luxury watch trading and distribution before rebranding in May 2025 to focus on digital assets and blockchain innovation [4] - The company has also initiated a program to reward VIP watch customers with Bitcoin gift cards, exploring synergies between its luxury watch and Bitcoin businesses [3]
Man Who Once Let Ohio Pay Taxes in Crypto Just Lost $1.2 Million on Bitcoin Options
Yahoo Finance· 2025-11-09 21:59
Core Insights - Former Ohio State Treasurer Josh Mandel reported a personal loss exceeding $1.2 million on call options linked to BlackRock's iShares Bitcoin Trust (IBIT) after his prediction of Bitcoin reaching $444,000 by November 8 did not materialize [1][2][3] Group 1: Mandel's Investment and Loss - Mandel disclosed his "all in" strategy on IBIT call options, which ultimately expired worthless [2] - His previous investment strategies included a mix of long and short positions, with an initial bullish outlook on Bitcoin reaching $84,000 [3] - The significant loss highlights the risks associated with options trading in the volatile Bitcoin market [9] Group 2: Background on Bitcoin Advocacy - Mandel was an early advocate for Bitcoin, launching OhioCrypto.com in 2018, allowing businesses to pay state taxes in Bitcoin [5][6] - His initiative aimed to position Ohio as a leader in blockchain innovation and modernize state finances [6] - The program faced regulatory challenges and was suspended in 2019, with limited adoption by businesses [7] Group 3: Market Context - Interest in Bitcoin ETF options has surged since their launch in late 2024, with increased trading volumes and a preference for bullish positions among traders [8] - Recent performance of Bitcoin ETFs has been lackluster, with significant outflows reaching levels not seen since May, although a recent inflow was recorded after a $2.9 billion outflow streak [9] - Mandel's speculative long-term bets are seen as outliers, emphasizing the inherent risks in the options market and Bitcoin's price volatility [9]
Universal Digital Announces Strategic Partnership with Crypto.com
Newsfile· 2025-11-05 11:00
Core Insights - Universal Digital Inc. has entered into a strategic partnership with Crypto.com to enhance its digital asset management capabilities [1][2][3] - The partnership will leverage Crypto.com's institutional-grade custody infrastructure and OTC services to support Universal Digital's portfolio [2][3] - This collaboration aims to strengthen asset security and improve liquidity management, aligning with Universal Digital's long-term vision for shareholder value [3][4] Company Overview - Universal Digital Inc. is a Canadian investment company focused on digital assets and high-growth industries, particularly in blockchain and cryptocurrencies [5] - The company aims to provide long-term capital growth through a diversified investment approach and participate in the transformation of global finance [5] Crypto.com Overview - Crypto.com is recognized as an industry leader in security standards, regulatory compliance, and innovative financial products [3][6] - Founded in 2016, Crypto.com aims to accelerate cryptocurrency adoption through innovation and is trusted by millions of users worldwide [6]
CleanCore Solutions Welcomes Matt Swann as Chief Digital Officer of House of Doge
Globenewswire· 2025-10-16 20:05
Core Insights - CleanCore Solutions, Inc. has appointed Matt Swann as Chief Digital Officer of House of Doge Inc., aiming to enhance the real-world applications of Dogecoin payments and blockchain innovation [1][2][3] - Swann, a veteran technology leader with experience at Booking.com, Amazon, StubHub, and Citi, will lead the development of next-generation digital and payment infrastructure for Dogecoin [2][3] - The appointment is seen as a significant step towards transforming Dogecoin from a community currency into a widely accepted medium of exchange, with CleanCore aiming to secure up to 5% of Dogecoin's circulating supply [3] Company Overview - CleanCore Solutions, Inc. focuses on revolutionizing cleaning and disinfection practices through patented aqueous ozone technology, promoting sustainable solutions [4] - House of Doge, the corporate arm of the Dogecoin Foundation, is dedicated to advancing Dogecoin as a decentralized global currency by investing in necessary infrastructure for everyday commerce [5] - Initiatives include developing financial products, real-world asset tokenization, and establishing a Dogecoin treasury strategy to support long-term utility and growth [5]
Ripple Acquires Corporate Treasury Manager for $1 Billion
Yahoo Finance· 2025-10-16 15:40
Core Insights - Ripple has acquired GTreasury for $1 billion, marking its third significant acquisition in 2025, all focused on TradFi-related infrastructure [1][6] - The acquisition aims to enhance Ripple's capabilities in the corporate treasury market, a multi-trillion-dollar sector [4][6] - Ripple is positioning itself to innovate within traditional finance by integrating blockchain technology to improve payment systems [5][7] Company Strategy - Ripple is actively pursuing a banking license in the US and forming partnerships with major traditional finance banks [2][3] - The acquisition of GTreasury is expected to facilitate Ripple's entry into the corporate treasury market, which is essential for large corporations [4][6] - Previous acquisitions include Hidden Road for a broker-dealer license and a stablecoin payments processor, indicating a strategic focus on building a comprehensive financial infrastructure [6][7] Market Impact - The integration of GTreasury's capabilities with Ripple's blockchain technology is anticipated to address inefficiencies in traditional payment systems [5][7] - Ripple's efforts could unlock new growth opportunities for treasury and finance teams by enabling instant payment processing and better capital utilization [5][6]
SOL Strategies to Participate in Water Tower Research Fireside Chat on October 16
Newsfile· 2025-10-14 13:18
Core Insights - SOL Strategies Inc. is participating in a Water Tower Research Fireside Chat on October 16, 2025, with Interim CEO Michael Hubbard as a speaker [1][2] - The company is recognized as the first publicly traded entity to integrate a significant Solana treasury with a revenue-generating validator business [1] - SOL Strategies focuses on blockchain innovation, particularly within the Solana ecosystem, providing strategic investments and infrastructure solutions for decentralized applications [2] Event Details - The Fireside Chat will be hosted by Dr. John Roy, Managing Director of Technology Equity Research at Water Tower Research, covering various topics relevant to investors [2] - The event is open access for all investors, with registration available through Water Tower Research [2] Company Overview - SOL Strategies Inc. operates as a Canadian investment company at the forefront of blockchain innovation [2] - The company specializes in the Solana ecosystem, aiming to enable the next generation of decentralized applications through strategic investments and infrastructure solutions [2]