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BIGG Digital Assets Provides Corporate Update Highlighting Material CRA Reassessment, Netcoins Milestones, and Strategic Progress
Globenewswire· 2025-12-17 11:00
VANCOUVER, British Columbia, Dec. 17, 2025 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (“BIGG” or the “Company”) (TSXV: BIGG; OTCQB: BBKCF; WKN: A2PS9W), a leading innovator in the digital assets space and owner of Netcoins, Blockchain Intelligence Group, and TerraZero, is pleased to provide a comprehensive corporate update highlighting recent regulatory, operational and strategic milestones across the organization. Key Messages CRA issues materially reduced Notice of Reassessment for Netcoins’ 2018 GST/HS ...
EXCLUSIVE: IQSTEL Sets Date For First-Ever Stock Dividend
Yahoo Finance· 2025-12-15 13:45
Core Viewpoint - IQSTEL Inc. has announced its first-ever dividend distribution, which will be paid in common shares to shareholders of record as of December 15, 2025 [1][2]. Distribution Details - The dividend distribution will amount to $500,000, calculated based on the closing price of $6.62 on August 29, 2025, resulting in 75,529 shares to be distributed on or about December 30, 2025 [3]. - The distribution ratio is set at 0.0173, meaning shareholders can determine their allocation by multiplying their share count by this ratio, with all allocations rounded down to the nearest whole share [4]. Company Performance and Strategy - CEO Leandro Iglesias highlighted significant achievements, including uplisting to Nasdaq, reaching a $400 million revenue run rate ahead of schedule, and achieving a $2.7 million EBITDA run rate [5]. - Fintech now constitutes 20% of the company's revenue, and the addition of Cybersecurity has enhanced its high-margin portfolio [5]. - The company aims for a $15 million EBITDA run rate in 2026 and a $1 billion revenue run rate by 2027 [6]. Financial Results - In the third quarter, IQSTEL reported revenues of $102.8 million, a 90% increase year over year, exceeding estimates [7]. - Gross revenue reached $118.5 million, driven by strong subsidiary synergies, while adjusted EBITDA totaled $0.68 million, primarily from Telecom and supported by Fintech contributions [7]. Stock Performance - IQST stock closed at $3.93, reflecting a decrease of 3.44% on the previous Friday [8].
BIGG Digital Assets Inc. Reports Financial Results for Q3 2025
Globenewswire· 2025-11-28 11:00
Financial Performance - BIGG Digital Assets Inc. reported a gross operating revenue of CAD 3.29 million for Q3 2025, with CAD 2.73 million from Netcoins and CAD 0.56 million from Blockchain Intelligence Group, marking a year-over-year increase of 56% for Netcoins and 37% for BIG [6] - Netcoins generated CAD 2.73 million in revenue, up from CAD 1.74 million in 2024, with a transaction revenue of CAD 2.7 million, reflecting a 55% year-over-year increase [6] - BIG recorded a strong gross margin of 90% in Q3 2025, compared to 85% in 2024 [6] - The company reported a net income of CAD 1.42 million in Q3 2025, a significant turnaround from a net loss of CAD 12.1 million in Q3 2024 [6] - Operating expenses decreased to CAD 4.8 million from CAD 7.7 million in Q3 2024, contributing to a year-to-date net loss of CAD 2.32 million, down from CAD 14.43 million in 2024 [6] Netcoins Platform Metrics - As of September 30, 2025, Netcoins' Assets Under Custody (AUC) reached CAD 239.5 million, an increase of CAD 38.1 million or 19% year-over-year [6] - The AUC also increased by CAD 51.75 million or 28% from Q2 2025, indicating a notable trend reversal [6] - Active users on the Netcoins platform reached 9,378, reflecting a 17% year-over-year increase, although there was a seasonal decline of 10% from Q2 2025 [6] Regulatory Developments - Netcoins announced a two-year extension to its exemptive relief decision granted by the British Columbia Securities Commission, with plans to submit applications to become a registered investment dealer [12] Balance Sheet - As of September 30, 2025, BIGG held approximately CAD 21.5 million in cash and crypto assets, with no debt reported [13] TerraZero Developments - TerraZero is continuing the development of Intraverse, a gamified social platform that offers users customizable virtual environments for various activities, including monetization opportunities for artists and brands [7]
HWAL Inc., to Collaborate with International Music Industry Veterans on K-Pop Music Venture
Accessnewswire· 2025-11-10 14:16
Core Insights - HWAL Inc., formerly known as Hollywall Entertainment, has announced a global collaboration in the K-Pop entertainment sector [1] - The partnership involves key players in banking, entertainment technology, K-Pop music, and the metaverse [1] - The collaboration is facilitated by investment advisory group MMF Fund, bringing together HWAL, Lunar Records, and Basis Asset Management [1] Company Overview - HWAL Inc. is engaging in a new K-Pop entertainment venture [1] - The company is collaborating with Lunar Records and Basis Asset Management, which is involved in projects with South Korean K-Pop label nCH Entertainment [1] Industry Context - The partnership signifies a growing trend of collaboration between entertainment and financial sectors, particularly in the K-Pop and metaverse spaces [1] - The involvement of major industry players indicates a strategic move to leverage the popularity of K-Pop and emerging technologies [1]
Netcoins Canada Provides Q3 2025 Financial Guidance
Globenewswire· 2025-11-10 11:00
VANCOUVER, British Columbia, Nov. 10, 2025 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (“BIGG” or the “Company”) (TSXV: BIGG; OTCQB: BBKCF; WKN: A2PS9W), a leading innovator in the digital assets space and owner of Netcoins, Blockchain Intelligence Group, and TerraZero, is pleased to announce Q3 2025 Financial Guidance Netcoins Trading and Staking Revenue is expected to be $2.5 million for the quarterNetcoins YTD Trading Volume has been over $917 million, with over $260 million during Q3 2025Net Income was ...
扎克伯格“火线换将”!Meta元宇宙大神临危受命
Sou Hu Cai Jing· 2025-10-28 07:45
Core Insights - Meta is undergoing a significant leadership change in its AI division, appointing Vishal Shah as the new VP of AI Products, following the recent layoff of 600 employees in the AI team [1][5][12] - The urgency of this change is highlighted by the poor performance of Meta's newly launched AI video application, Vibes, which struggled against OpenAI's Sora [1][7][10] - Shah's primary mission is to bridge the gap between technology and application, ensuring that Meta's AI capabilities translate into user value [1][4][10] Leadership Changes - Vishal Shah, a veteran with a decade of experience at Meta, previously led Instagram and was instrumental in its growth to over one billion users [3][4] - Shah will report directly to Nat Friedman, who oversees the AI product team, and will focus on product management and integration strategy [3][4] - The restructuring reflects a shift in Meta's strategy, emphasizing the need to become an AI company rather than just having an AI team [10][12] Product Focus - Shah's role will involve integrating Meta's AI technologies into various applications and hardware, including smart glasses, which are crucial to Meta's "super intelligence" strategy [4][10] - The AI team will focus on flagship products like Meta AI, while application teams for Instagram and WhatsApp will create their own AI experiences based on foundational models [4][10] - The rushed launch of Vibes was a response to competition from OpenAI's Sora, leading to a partnership with Midjourney to enhance Vibes' capabilities [7][8] Strategic Shift - Meta's recent internal turmoil and the shift in focus from the metaverse to AI indicate a strategic pivot in response to market challenges and technological hurdles [12][13] - Despite the shift, Meta's CTO emphasized that the metaverse remains a strategic priority for the company [12][13] - The overarching goal is to develop an AI model that surpasses human intelligence, providing personalized services to billions of users [13]
Metasphere Labs Announces Change of Chief Executive Officer
Thenewswire· 2025-09-16 23:30
Core Viewpoint - Metasphere Labs Inc. has appointed Mr. Daniel Xocoyotzin Ontiveros Delgado as the new CEO, effective September 15, 2025, following the resignation of Mrs. Natasha Ingram [1][2]. Company Overview - Metasphere Labs Inc. specializes in integrating blockchain technology into real-world applications, focusing on environmental sustainability and social impact [3]. Leadership Transition - Mr. Ontiveros Delgado brings global experience, fluency in multiple languages, deep tech and AI expertise, and a successful track record in the fintech industry [2]. - The company expresses gratitude to Mrs. Ingram for her contributions and wishes her success in future endeavors [3].
Netcoins Reinforces Leadership in Regulated Crypto with New SOC Trust Center
Globenewswire· 2025-08-19 12:30
Core Viewpoint - BIGG Digital Assets Inc. announced that its subsidiary Netcoins achieved SOC 2 Type 2 compliance, a significant milestone in information security, on August 1, 2025, coinciding with the launch of its Trust Center [1][8]. Group 1: Compliance and Security - The Netcoins Trust Center serves as a centralized hub for customers, partners, and regulators to access detailed information about the company's security, compliance, and privacy practices [2]. - The Trust Center enhances stakeholder confidence, streamlines due diligence for institutional partners, and solidifies Netcoins' leadership in regulated cryptocurrency trading in Canada [3]. - Netcoins has completed its SOC 2 Type 1 audit on September 24, 2024, and the SOC 2 Type 2 audit for the period from October 2024 to July 2025 [8]. Group 2: Company Commitment and Future Plans - The CEO of Netcoins emphasized the company's commitment to regulatory compliance and the advancement of its CIRO application process, which are crucial for future growth [4]. - The company plans to complete its SOC 1 Type 1 audit by the end of September 2025 and achieve SOC 1 Type 2 compliance in 2026 [8]. Group 3: Company Overview - BIGG Digital Assets Inc. operates and invests in crypto businesses that promote a compliant and secure digital asset ecosystem, with a portfolio that includes Netcoins, Blockchain Intelligence Group, and TerraZero [5][9]. - Netcoins provides secure, regulated access to a variety of digital assets, catering to both retail and institutional investors in Canada [6].
Netcoins Launches New Referral and Affiliate Program to Accelerate User Growth and Reward Engagement
Globenewswire· 2025-08-05 12:30
Core Viewpoint - BIGG Digital Assets Inc. has launched a dual-path Referral and Affiliate Program for its platform Netcoins, aimed at accelerating user growth and trading volume in a competitive market [1][3]. Group 1: Program Features - The dual-path program allows Netcoins users to invite others to trade, with both the referrer and the new user eligible for rewards upon meeting verification, funding, and trading criteria [2][7]. - The affiliate program offers tiered reward incentives for approved partners based on their monthly referral volumes, encouraging higher engagement [2][7]. - The program includes a flexible reward system powered by a random algorithm, allowing for special promotions with randomized higher payouts to enhance user experience [4][7]. Group 2: Company Overview - BIGG Digital Assets Inc. operates across three segments: a cryptocurrency trading platform (Netcoins), metaverse experiences (TerraZero), and blockchain technology solutions (Blockchain Intelligence Group) [5][8]. - Netcoins provides secure crypto trading in Canada and the USA, featuring over 60 assets for trading and staking, facilitated through mobile and web applications, API, and OTC trading [6][8]. - TerraZero focuses on creating immersive metaverse experiences and leveraging AI to connect brands with audiences, offering a full digital ecosystem for various applications [8].
BIGG Digital Assets provides Treasury and H1 2025 Update; Adds Jonathan Vlassopulos, former VP at Roblox and former CEO Napster, as Board Advisor
Globenewswire· 2025-07-29 12:30
Core Insights - BIGG Digital Assets Inc. is a leading innovator in the digital assets space, owning Netcoins, Blockchain Intelligence Group, and TerraZero, with a treasury of $24.9 million as of July 28, 2025, consisting of $6.3 million in cash and cash equivalents and $18.6 million in cryptocurrency, primarily Bitcoin [1][2][3] Group 1: Financial Performance and Outlook - Netcoins is projected to exceed $1 billion in total trading volume for 2025, with a target revenue of $12 million and expenses of $9 million [3][4] - The company has reported a trading volume of $556 million during the first half of 2025, indicating strong growth potential [2][3] - Blockchain Intelligence Group aims to achieve profitability in Q4 2025, having made significant progress in reducing operational costs and improving efficiencies [5] Group 2: Market Position and Strategy - BIGG/Netcoins will be the only publicly listed and audited Canadian crypto exchange following the acquisition of Wonderfi by Robinhood, presenting a significant opportunity to attract Canadian customers [4][16] - The company is launching a customer acquisition campaign to leverage its unique market position as a Canadian entity [4][16] Group 3: Technological Innovations and Developments - TerraZero has launched its Intraverse platform, targeting over 800 million young users familiar with platforms like Roblox and Fortnite, aiming to create immersive experiences [6][8] - The company is seeking major brand partners to enhance its commercial offerings, having previously collaborated with notable brands such as Bacardi and Estée Lauder [8][9] Group 4: Leadership and Advisory - Jonathan Vlassopulos, former Global Head of Music at Roblox, has joined as a Board Advisor to help scale the Intraverse platform, bringing extensive experience in immersive brand experiences [9][10][12]