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DeFi Technologies Inc N.DEFI

Alternate Symbol(s):  DEFTF

DeFi Technologies Inc. is a financial technology company that pioneers the convergence of traditional capital markets with decentralized finance (DeFi). The Company is focused on Web3 technologies. Its business lines include Asset Management, Infrastructure, Ventures, DeFi Alpha, Research and Stillman Digital. In the asset management business, the Company, through its subsidiaries, Valour Inc. and Valour Digital Securities Limited, issues exchange traded products that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. In infrastructure business, it participates in decentralized blockchain networks by processing data transactions from nodes based in Europe and the Middle East. Its ventures business includes making early-stage investments in companies, banks and foundations in the digital asset space. Its DeFi Alpha business operates a specialized arbitrage trading desk based in Switzerland.


NEO:DEFI - Post by User

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Post by slavetostockson Jul 14, 2010 1:00pm
309 Views
Post# 17268768

booster cable: Detroit Free Press

booster cable: Detroit Free Press

Electric vehicles get a boost with Barack Obama's visit

14 de julio de 2010

Electric cars get a boost with Barack Obama'svisit, campaign: Administration to pump $2.4 billion into electricvehicles.

Electric vehicles get a boost with Barack Obama's visit

PresidentBarack Obama will use his trip to the site of a Michigan lithium ionbatteries plant Thursday as a centerpiece of a larger campaign promotingthe administration's $2.4-billion efforts to boost U.S.electric-vehicle production.

By Justin Hyde, Detroit Free Press

Besides the appearance at the groundbreaking for the Holland factory setto open in 2012, several cabinet members and administration officialswill visit other plants around the country this week, including aGeneral Motors factory in Baltimore, according to White House officials.

The U.S. Department of Energy is to release a report this week sayingthe push for U.S. production of electric and hybrid-vehicle lithium ionbatteries could sharply lower their costs, with four plants expected tobe running by the end of the year.

A political benefit

Talking about electric car batteries gives Obama a 2-for-1 politicalbenefit in an election year.

With growing worries that unemployment remains high in a lacklustereconomy, Obama can tout high-tech jobs created by government stimulus.

He also can highlight electric vehicles as clean-energy steps towardreducing U.S. oil demand after the BP spill in the Gulf of Mexico.

Last week, Obama made a similar stop at an electric-vehicle company inMissouri, saying the administration's spending on clean-energytechnologies would create 700,000 jobs.

A million electric vehicles charging?

He has called on the auto industry to sell 1 million electric or plug-inhybrid vehicles by 2015.

Part of the impetus for the splurge on battery plants has come fromworries that the U.S. would be left behind in a global technology race.

Nearly all batteries in hybrids today come from Asia.

Asian governments have also pledged large investments to their lithiumion batteries makers.

South Korean officials announced Sunday that they would set aside $12billion over the next 10 years for its local battery makers, includingLG Chem, which plans to build the cells for the Chevrolet Volt in SouthKorea this year.

For the Holland plant, which is expected to employ about 400 people by2013, $151 million of its $303-million cost was covered by governmentgrants.

The plant will be operated by LG Chem and its Troy-based subsidiary,Compact Power.

The Holland plant will make batteries for the Chevy Volt and the FordFocus Electric.

The report will say that thanks to the stimulus spending, the cost of abattery pack for a vehicle with a 100-mile range could fall by half to$16,000 by 2013, declining to $10,000 by 2015.

The act could also spur the installation of 20,000 electric-vehiclecharging stations by 2012.
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