NEW YORK, August 14, 2018 /PRNewswire/ --
According to a report published by Global Market Insights, the blockchain market size is expected to exceed USD 16 Billion by 2024. The market saw approximately USD 1 Billion investment in
blockchain technology in 2017. A major factor that drives the growth of the market is the increased spending by the venture
capitalists. Additionally, it is also driven by the growing adoption of blockchain technology in the financial industry. The
technology helps improve business operations in financial institutions as it enhances the efficiency of trade finance,
cross-border payments, documentation or KYC, digital identity management, and collateral management. Victory Square Technologies
Inc. (OTC: VSQTF), ChinaNet-Online Holdings Inc. (NASDAQ: CNET), Seven Stars Cloud (NASDAQ: SSC), GAIN Capital Holdings Inc.
(NYSE: GCAP), HIVE Blockchain Technologies Ltd. (OTC: HVBTF)
The benefits of blockchain are encouraging more financial institutions to adopt the technology. Recently, the World Bank has
mandated Commonwealth Bank of Australia for the world's first Blockchain bond. The bond will be
created, allocated, transferred and managed using the distributed ledger technology. James Wall,
Executive General Manager of International, CBA said in a statement: "We take a collaborative approach to innovating and have a
track record of partnering with other leading financial institutions, government bodies and corporates to innovate through
blockchain. We believe that this transaction will be groundbreaking as a demonstration of how blockchain technology can act as a
facilitating platform for different participants."
Victory Square Technologies Inc. (OTC: VSQTF) also listed on the Canadian Securities Exchange under the ticker (CSE:
VST). Just earlier today, the company announced breaking news that, "they have partnered with the VR/AR Association ("VRARA)" to
host the 2018 VR/AR Global Summit ("Global Summit") on September 21 & 22 at the newly launched
Parq Vancouver, a casino and entertainment complex in Vancouver Canada.
The Global Summit is the premier marketplace and conference for industry leaders in immersive technology content, knowledge
and creation. The event will feature dynamic keynotes, collaborative conversations, workshops, creative hubs, demos, exhibits,
breakouts and amazing VIP events. It will showcase the best, and most interesting projects, that the industry has to offer. Last
year's Summit attracted 5000 people over three days, including 750 of the world's top VR, AR and MR professionals during the
Industry Day.
It boasts an incredible list of speakers from companies such as Amazon, NASA, IBM Watson, The Vatican, HTC Vive, Adobe Systems
and more, who will be offering their insight of how immersive technology is being used as a vital tool in the world's most
progressive companies today.
During the Global Summit, Victory Square will host the first ever "Pitchfest". On Friday, September
21st, eight startup finalists will present their innovative technology and/or products to an audience of accredited global
VR/AR investors dedicated to investing in game-changing entrepreneurs. After each finalist gives a 3 minute presentation, one
startup will be selected to receive a prize of $15,000 USD.
"The VR/AR Global Summit provides VST a platform to bolster our deepening pool of incubation prospects while connecting our
reach and influence into the network of elite industry giants," said Victory Square CEO Shafin Diamond
Tejani. "Victory Square's immersive technologies and gaming division has generated over 300% year-over-year growth in
revenues building customized games, AR/VR and immersive experiences for large global brands such as Chrysler, Intel, SONY,
Paramount and TED."
"Our expectation is to continue seeing a significant growth trajectory in revenues in this segment of our portfolio since the
demand for global augmented and virtual reality is expected to reach north of 200 billion U.S.
dollars by the year 2022," continued Shafin Diamond Tejani. "It is because of this we see
an incredible opportunity to not only scale our existing portfolio investments but to continue to build our pipeline of some of
the best AR and VR solutions in the market today."
Victory Square is very pleased with the progress of its immersive portfolio, including companies such as: Shape Immersive,
Immersive Tech, V2 Games and FloVR, as they continue to reach milestones and build out profitable businesses to attack
significant market opportunities. Strong growth from this segment comes from the ingenuity behind products such as FloVR's
Virtual Reality Test Drive Simulator for Chrysler Canada, Immersive Tech's customized immersive pop-up experiences built for
Intel and the world's first and most spatially accurate multi-player MR experience, created by Shape Immersive and presented at
TED 2018.
"Having the support from Victory Square Technology as a Presenting Sponsor of the VR/AR Global Summit is truly an honor, and
is helping to bring together a global community of some of the brightest minds in the VR and AR industry, as well as some of the
leading brands utilizing VR and AR technologies," said Nathan Pettyjohn, President of the VR/AR
Association.
About Victory Square Technologies Inc. - Victory Square Technologies is an emerging technology accelerator. Victory Square
portfolio companies are disrupting every sector of the global economy including Blockchain, Artificial Intelligence, VR/AR/MR,
Gaming and Payments. Victory Square has a proven process for identifying game-changing entrepreneurs and providing them with the
partners, mentorship and support necessary to accelerate their growth and help them scale globally. For more information, please
visit http://www.victorysquare.com.
About VR/AR Association (VRARA) - The VR/AR Association (VRARA) is an international organization designed to foster
collaboration between innovative companies and people in the VR and AR ecosystem that accelerates growth, fosters research and
education, helps develop industry standards, connects member organizations and promotes the services of member companies.
ChinaNet-Online Holdings Inc. (NASDAQ: CNET) is an integrated online advertising, precision marketing, and data
analysis and management platform company. Recently, the Company announced the formation of its closed loop Business Opportunity
Social Ecosystem (BOSE), a blockchain-powered marketing and advertising transaction system. BOSE is developed on the Company's
Business Opportunity Chain (BOC) as a network that integrates the Company's existing marketing and advertising infrastructures
with its blockchain-powered business opportunity transaction platforms such as BOH. The network is designed to address the
problems that occur in modern advertising and marketing activities such as the fair distribution and monetization of business
opportunities. The network will also improve the credibility of enterprises through the verification of sales leads and
transactions.
GAIN Capital Holdings Inc. (NYSE: GCAP) provides innovative trading technology and execution services to retail and
institutional investors worldwide, with multiple access points to OTC markets and global exchanges across a wide range of asset
classes, including foreign exchange, commodities, and global equities. Earlier this year, the Company announced the continued
rollout of the Company's cryptocurrency offering, with the recent launch of Ethereum, Litecoin, Ripple and Bitcoin Cash in the
U.K., Europe, Australia and Singapore on the Company's FOREX.com and City Index services. GAIN has also expanded its Bitcoin offering,
allowing customers to trade Bitcoin directly against the Euro (BTC/EUR), British pound (BTC/GBP) and Australian dollar (BTC/AUD),
in addition to the U.S. dollar. GAIN offers cryptocurrency trading either as an over-the-counter (OTC) derivative or as a future,
allowing traders to speculate on price movements without owning the underlying asset.
Seven Stars Cloud (NASDAQ: SSC) is a global technology company focused on digital asset production and distribution.
Seven Stars recently announced that it has successfully raised USD 12 Million from Advantech
Capital Investment II Limited and restructured its Private Placement from GT Dollar to USD 10
Million. The Company will use these investments to accelerate the adoption of its artificial intelligence and
blockchain-based technologies into various business verticals. Advantech Capital is a leading private equity fund focused
primarily on high-growth and innovation-driven industry sectors. Advantech has taken a strong interest in SSC and its strategy to
deliver leading AI and Blockchain solutions across industry verticals. As such, Advantech has subscribed to USD 12 Million via a Convertible Note with SSC. SSC will be working with Advantech to leverage their global
reach and strategic relationships with leading manufacturing companies in Asia, ultimately
driving value for SSC and creating synergies as part of SSC's Blockchain and AI driven strategy across industry verticals.
Commenting on the announcement, Bruno Wu, Chairman and Chief Executive Officer of SSC, said: "We
are very pleased to today announce a further strengthening of our financial position. These deals will help us continue to build
out our unique ecosystem of Blockchain and AI technology partners, while at the same time rapidly scale our business and execute
on our strategy."
HIVE Blockchain Technologies Ltd. (OTC: HVBTF) is a growth-oriented, TSX.V-listed company building a bridge from the
blockchain sector to traditional capital markets. HIVE recently announced its results for the fourth quarter and full year
ended March 31st, 2018. FY 2018 Highlights include: Generated revenues of USD 13,081,395, with a gross mining margin1 of USD 10,139,931, from mining of
digital currencies; Mined over 17,000 newly minted Ethereum and 54,000 Ethereum Classic coins during the year ended March 31st, 2018, including fourth quarter production of 9,800 Ethereum and 34,000 Ethereum Classic
coins representing an increase of 136% and 170%, respectively over third quarter production; Raised gross proceeds of
USD 160 Million (CAD 203 Million) of growth capital during the year
to finance rapid expansion and future growth opportunities and investments; Expanded operations with Genesis dedicated to
GPU-based digital currencies such as Ethereum and Ethereum Classic in Sweden and Iceland, with a total of 17.4 megawatts ("MW") in production at March
31st, 2018 and a further 6.8 MW commencing production after March
31st, 2018. The Company currently has 20.4 MW in Sweden (the "Sweden GPU Data
Centre") and 3.8 MW in Iceland, bringing the Company's digital currency mining footprint to a
total of 24.2 MW since its Change of Business in September 2017.
Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News,
Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company
Interviews. A pioneer in the financially driven digital space, video production and integration of social media,
FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination,
branding, marketing and advertising for third parties for corporate news and original content through our unique media platform
that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial
Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not
undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided
[exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into
media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials
for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the
information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting
high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com
does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along
with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our
unique financial newswire and media platform. For victory square technologies Inc. financial news dissemination and PR services,
FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either
a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof.
The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near
the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for
financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or
continue to post information about any companies the information contained herein is not intended to be used as the basis for
investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is
not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for
any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other
materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of
their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance,
and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound
by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com
constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment
strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is
solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives,
other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and
legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless
of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be
reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please
visit: http://www.financialbuzz.com.
For further information:
Media Contact:
info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com