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Automotive AI Market Projected to Hit USD 1498.3 Million by 2030 at a CAGR of 30.1% – Report by Market Research Future (MRFR) – GlobeNewswire

August 19, 2022 | Author: admin

New York, US, Aug. 17, 2022 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), Automotive AI Market Analysis by Technology, by Process, by Application and by Regions - Global Forecast To 2030 valuation is poised to reachUSD1498.3 Million by 2030, registering 30.1% CAGR throughout the forecast period (20222030).

Automotive AI Market Overview

A developing business standard is growing in the modern-day digital world since artificial intelligence (AI) has become more ubiquitous. Artificial intelligence for the automotive industry is flourishing in the modern age, allowing companies to observe their operations better, offer a better results in the virtual environment, develop autonomous and semi-autonomous cars, enhance in-car customer experience, and increase business plans.

Automotive AI Market Report Scope:

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Artificial intelligence in the automotive industry has recorded massive growth in the last few years. The market's growth is primarily credited mainly to the growing automobile industry. Furthermore, the factors such as growing investments, the growing trend of autonomous vehicles, and industry-wide standards like navigation systems are also projected to catalyze the market demand over the coming years.

Automotive AI Market USP Covered

Automotive Artificial Intelligence Market Drivers

The global market for automotive artificial intelligence has registered massive growth in recent times. The market's growth is credited to the factors such as rising demands for better user encounters, increasing preference for a top-quality vehicle, rising concern over confidentiality and protection, and an increasing trend toward automated driving.

Automotive AI Market Restraints

On the other hand, the growing concerns regarding data security are likely to impede the market's growth.

Automotive Artificial Intelligence Market Segments

Among all the technologies, the deep learning segment is anticipated to account for the largest market share across the global market for automotive artificial intelligence over the assessment timeframe. The significant investments made by OEMs are the primary aspect causing an upsurge in the segment's growth. The growing research & development activities of self-driving cars using deep learning for sound recognition, data analysis, and image processing is another prime aspect boosting the segment's growth.

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https://www.marketresearchfuture.com/reports/automotive-artificial-intelligence-market-4258

Among all the processes, the data mining segment is anticipated to dominate the global market for automotive artificial intelligence over the coming years. Various types of sensors in automobiles are used to accumulate information which is further used to train the automobile to detect and identify obstacles and various barriers. The massive amount of data generated is the primary aspect causing an upsurge in the segment's growth.

Among all the end-users, the semi-autonomous segment is anticipated to dominate the global market for automotive artificial intelligence over the review timeframe. The growing implementation of gesture and voice recognization systems is the main reason causing an upsurge in the segment's growth.

Automotive AI Market Regional Analysis

The global market for automotive artificial intelligence is analyzed across five major regions: Latin America, the Middle East & Africa, Asia-Pacific, Europe, and North America.

According to the analysis reports by MRFR, the North American region is anticipated to dominate the global market for automotive artificial intelligence over the coming years. The primary reason causing an upsurge in the regional market's growth is the presence of significant manufacturers in this area. Moreover, in comparison with other areas, the region has substantially more access to advanced technology to build artificial intelligence systems, which is anticipated to boost the growth of the regional market over the assessment timeframe. Furthermore, the growing expectation of autonomous cars across the United States has significantly contributed to the nation's growth. In addition, favorable government regulations, coupled with the fact that the automotive sector's prominent leaders such as Fiat Chrysler Automotive, Ford Motor Company, and General Motors, are taking part in the development of artificial intelligence in automobiles by constantly improving their products, will have a better potential in the global market.

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COVID-19 Impact

The global COVID-19 pandemic has had an enormous impact on the majority of the market sectors across the globe. The rapid of the disease across the majority of the countries worldwide has led to the implementation of partial or complete lockdowns. The travel restrictions and social distancing norms imposed across the majority of the world caused significant disruptions in the supply chain networks for most industry areas. Some major sectors affected by the pandemic include hospitality, automobile, construction, etc. Like any other sector across the global market, the global market for automotive artificial intelligence has also faced a significant impact since the arrival of the pandemic. The global health crisis impacted public health and severely impacted the financial activities across several industry sectors. Recently, the adoption of artificial intelligence across various end-use applications belonging to various sectors has become the latest trend worldwide. During pandemic times, AI-based tools are being utilized widely worldwide. With the sudden fall in the global demand for automobiles, the global market for automotive artificial intelligence suffered significant losses in terms of labor and revenues.

On the other hand, with the pandemic fading across the globe, the global economy and industrial activities have been picking up pace in the last few months. The growing investments in research & development activities to launch innovative solutions will likely help the market get back on track over the assessment timeframe. In addition, with the rapid vaccination rates across the majority of the world, the global market is likely to experience favorable growth over the coming years.

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Automotive Artificial Intelligence Market Competitive Analysis

Dominant Key Players on Automotive AI Market Covered are:

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Automotive AI Market Projected to Hit USD 1498.3 Million by 2030 at a CAGR of 30.1% - Report by Market Research Future (MRFR) - GlobeNewswire

Factor Investing the road ahead – The Financial Express

August 19, 2022 | Author: admin

By Bijon Pani, Chief Investment Officer, NJ Asset Management Private Limited

Factor investing is a method of choosing stocks (or other asset classes) using a predefined set of rules or parameters. The science of how to choose these parameters is what determines how successful the factor is in future. When choosing a factor, one needs to make sure they are robustly constructed, should work across multiple countries, and have a sensible rationale on why it works.

Factors offer a way of segregating a diversified portfolio returns (such as those of a fund manager you might like) into its various factor components and what then remains unexplained is the contribution of the manager.

The first example of using factors to explain returns comes from the CAPM model which showed risk and return in terms of the market exposure. But the CAPM left a lot of the return unexplained. There were multiple influential academic papers which put forth other factors such as value and size to explain returns.

It was Fama and French in 1993 who conceived a simple framework to think about returns in terms of factors. They added two powerful factors: value and size to the existing market return factor. It was further enhanced by Carhart to include momentum.

The four factor model became the bedrock of performance and risk analysis of fund management for many decades. Over time as the computing power became faster and more accessible, the academic research into factors exploded as crunching data became easier. The latest innovation uses machine learning, natural language processing and alternative datasets. There are now hundreds of documented parameters, even though most of them fall into one of the four factor styles: value, quality, low volatility and momentum.

John Cochrane, a leading academician who studies factors, rightly calls this the factor zoo. The job of a practitioner has been made hard as newer parameters keep getting reported that promise better returns compared to the older ones. It is especially more nuanced and harder when it comes to factor investing in India. This is because India suffers from two big issues.

Firstly, liquidity is a big problem beyond a certain number of stocks and when one is constructing factors, you need a large enough universe to measure the factor premiums and construct portfolios. This job gets harder if the universe has illiquid stocks as one may end up including stocks in portfolios that cannot be easily invested in.

Secondly, factor construction requires long clean data and we often suffer from inadequate and patchy data. This requires the skills of an experienced professional who can craft the factors specific to the Indian markets without losing the essence of it. It is, after all, very easy to fall into the data-mining trap and construct parameters that have worked in the past but may not in the future.

Once factors became common in the developed world, they made the life of traditional fund managers even more challenging. It wasnt easy beating the market index, but now with added factors, the overwhelming majority (more than 90 per cent by some research) couldnt beat a portfolio constructed using factors.

Morningstar India research found that only 26 per cent large cap discretionary funds could beat the benchmark over the past 10 years. The average alpha was a mere 1.15 per cent. This alpha may have been negligible if we added other factors in the regression. The future of fund management in India will be very similar to that of the west, we will see active factor based funds giving a strong competition to discretionary fund managers in providing better risk adjusted returns. The charts shows the performance of various factors and an equal weight multifactor portfolio (constructed from the 4 factor indices published by NSE) compared to the market over the last 10 years. Readers will notice that the performance of various factors and the multifactor model was better than the index during this time. On a risk adjusted basis, the numbers are even better.

Our retail participation in mutual funds is very low, over the near future as more money flows into funds, quant funds will not just grow along with traditional funds but also increase their market share. A rule based approach allows the parameter to be backtested and see how it has performed over various business cycles. This provides an added confidence in the risk and return structure of the portfolio.

The only word of caution we would like to add is that even though rule based investment strategies will grow rapidly in future, it would mostly be in the active approach where effort is invested in studying factors in the Indian context. Simply copying parameters from the developed market into India may not work very well, so rule based strategies need to be constructed keeping in mind the idiosyncrasies of Indian markets, not just replicating an index.

Factor. investing has moved from being a fundamental concept of academic finance to the next disruptor in fund management.

(Disclaimer: The views expressed above are the authors own views.)

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Factor Investing the road ahead - The Financial Express

Investors five-year losses continue as Hochschild Mining (LON:HOC) dips a further 12% this week, earnings continue to decline – Simply Wall St

August 19, 2022 | Author: admin

Long term investing works well, but it doesn't always work for each individual stock. It hits us in the gut when we see fellow investors suffer a loss. Anyone who held Hochschild Mining plc (LON:HOC) for five years would be nursing their metaphorical wounds since the share price dropped 73% in that time. And some of the more recent buyers are probably worried, too, with the stock falling 51% in the last year. Furthermore, it's down 31% in about a quarter. That's not much fun for holders. This could be related to the recent financial results - you can catch up on the most recent data by reading our company report.

Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.

Check out our latest analysis for Hochschild Mining

To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

During the five years over which the share price declined, Hochschild Mining's earnings per share (EPS) dropped by 1.1% each year. This reduction in EPS is less than the 23% annual reduction in the share price. So it seems the market was too confident about the business, in the past. The less favorable sentiment is reflected in its current P/E ratio of 11.46.

The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).

It is of course excellent to see how Hochschild Mining has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at Hochschild Mining's financial health with this free report on its balance sheet.

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. In the case of Hochschild Mining, it has a TSR of -70% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.

We regret to report that Hochschild Mining shareholders are down 49% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 3.6%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 11% over the last half decade. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. It's always interesting to track share price performance over the longer term. But to understand Hochschild Mining better, we need to consider many other factors. To that end, you should be aware of the 3 warning signs we've spotted with Hochschild Mining .

We will like Hochschild Mining better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on GB exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. Its FREE.

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Investors five-year losses continue as Hochschild Mining (LON:HOC) dips a further 12% this week, earnings continue to decline - Simply Wall St

NICE Announces Top Tier Microsoft Azure IP Co-Sell Status with the Full Power of NICE CXone Now Available Natively on Azure – StreetInsider.com

August 17, 2022 | Author: admin

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NICE secures Microsofts highest level partner designation with a co-sell partnership for CXone

HOBOKEN, N.J.--(BUSINESS WIRE)--NICE (Nasdaq: NICE) today announced the expansion of its partnership with Microsoft, delivering the full power of CXone on Azure to create frictionless, personalized digital customer experiences. NICE has received Top Tier status, Microsofts highest level partner designation, for Azure IP Co-sell driving deeper collaboration and a strong go-to-market momentum. This partnership leverages the power of CXone to help organizations globally to transform their customers experiences and build a digital first customer service operation.

With a joint global go-to-market co-selling strategy working together with key strategic accounts enabling rapid time to value, extreme agility and a faster path to the cloud, NICE and Microsoft will accelerate organizations adoption of CXone.

CXones advanced AI and full portfolio of voice and digital solutions and with its integrations with Teams, Dynamics, Nuance, ACS (Azure Communication Services), and Customer Insights, allows organizations of all sizes to create proactive, brand-differentiating interactions that exceed the expectations of the digital-first customer and goes beyond the boundaries of the contact center.

Paul Jarman, CEO, NICE CXone, said, Consumers today expect fast, convenient digital and self-service options. Through the expanded partnership with Microsoft and with CXone now available on Azure, and with our co-sell partnership, we are taking another step in the frictionless revolution allowing organizations to meet their customers wherever they choose to start their journey and create a cohesive digital experience. This better-together offering will foster customer experience interaction (CXi) modernization and provide a standard-setting choice for customers.

About NICEWith NICE (Nasdaq: NICE), its never been easier for organizations of all sizes around the globe to create extraordinary customer experiences while meeting key business metrics. Featuring the worlds #1 cloud native customer experience platform, CXone, NICE is a worldwide leader in AI-powered self-service and agent-assisted CX software for the contact center and beyond. Over 25,000 organizations in more than 150 countries, including over 85 of the Fortune 100 companies, partner with NICE to transform - and elevate - every customer interaction. http://www.nice.com

Trademark Note: NICE and the NICE logo are trademarks or registered trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICEs marks, please see: http://www.nice.com/nice-trademarks.

Forward-Looking StatementsThis press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Jarman are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the Company). In some cases, such forward-looking statements can be identified by terms such as believe, expect, seek, may, will, intend, should, project, anticipate, plan, estimate, or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in economic and business conditions, including as a result of the COVID-19 pandemic; competition; successful execution of the Companys growth strategy; success and growth of the Companys cloud Software-as-a-Service business; changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Companys dependency on third-party cloud computing platform providers, hosting facilities and service partners;, cyber security attacks or other security breaches against the Company; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the SEC). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the SEC, including the Companys Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220817005366/en/

Corporate Media ContactChristopher Irwin-Dudek, +1 201 561 4442, ET[emailprotected]

InvestorsMarty Cohen, +1 551 256 5354, ET[emailprotected]

Omri Arens, +972 3 763 0127, CET[emailprotected]

Source: NICE

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NICE Announces Top Tier Microsoft Azure IP Co-Sell Status with the Full Power of NICE CXone Now Available Natively on Azure - StreetInsider.com

Fixing global payroll with cloud services – IT-Online

August 17, 2022 | Author: admin

Paying people is a demanding task. It requires financial planning, input from different parts of the organisation, complying with legislation, and of course paying a valuable workforce on time. Then there are the ongoing demands of accurate reporting, improving payroll processes and protecting all the related data.

All the these issues apply to payroll for a single region or jurisdiction. Once the activity extends across several countries, it is exponentially more challenging.

A number of issues become much more complex with global payroll, says Heinrich Swanepoel, head of sales at cloud payroll platform PaySpace. The four biggest ones we encounter are compliance, security, integration and support. These factors are important for any payroll environment, but they become particularly tough when you cover multiple regions.

Cloud-based payroll systems successfully counter such challenges, and companies recognise the advantage. According to the Chartered Institute of Payroll Professionals, by 2019, 38% of companies used cloud-based payroll software, 37% used on-premise solutions, and 25% opted for licensing hosted single-tenant products.

In other words, the cloud is already leading the payroll world. But why, and what should organisations know about the advantages? Global payroll demonstrates why cloud payroll services are so successful.

The problem with paying people

Global payroll amplifies the technical challenges and shortcomings of a payroll system. Compliance is the most obvious example. Local and global laws create a minefield for administrators. On the local level, they must comply with legislation that varies from country to country and is always subject to changes. Globally, they must keep an eye on legal demands such as financial reporting standards.

The big problem with legislation is that it can change, but you can miss something crucial and get hit with penalties if you dont have enough local exposure, says Swanepoel. Most of the time, youll only discover the problem when there is an employee complaint or an inspection.

Traditional payroll systems dont cover such nuances or do so at very high costs. Alternatively, a company would need to use internal or outsourced staff to make manual updates. In contrast, global cloud payroll systems continually update legislative rules for the regions they cover. Cloud systems update universally, so all the users benefit from changes. If you wake up on a Monday and there are new payroll laws, you can expect them to reflect on your system.

Integration is the second significant barrier that on-premise and single-tenant systems struggle to overcome. Managing payroll requires information from different parts of the business, such as HR databases and department invoices. Administrators must wait for data from these areas, which can be messy (spreadsheets) or exposed to security risks (emails). If youre sitting at HQ in Nairobi and waiting for local payment data from Dar es Salaam, such issues compound very quickly. Again, cloud platforms provide an alternative.

If you use an integrated payroll system, you receive data continuously and automatically, explains Sandra Crous, MD of PaySpace. That helps stop the habit of drop everything payroll windows. It can also radically improve reporting, payroll processes, and makes payroll transactions more secure. Integration between different regional banks and currency systems saves an enormous amount of time while providing significant transparency.

Every business essentially wants a centre of record for payroll one stop which provides the data needed to process payments or create reports. Cloud platforms are very good at creating that.

Keep payroll safe and sound

Security and support are particularly crucial when working across multiple regions. Payroll data constitute among the most sensitive, critical and legally-protected information in a business. Sending payroll data manually across email and mobile messages is risky and could contravene data privacy laws.

On-premise payroll systems come from an era where such concerns barely registered. But the world has changed, and cloud payroll platforms have security in their DNA.

Good cloud platforms have to put security as a core part of their business, Swanepoel notes. We host customer data, so we must invest in good security and data practices. That means several things: using reputable cloud hosts that also invest a lot in security, employing internal security engineers, and getting the right certification. For example, we are certified ISO 27001, which is a rigorous standard ensuring we handle data correctly and securely.

Such characteristics are pillars of the best cloud hosting models and apply to every territory where the provider makes their services available. This philosophy also extends to support, says Swanepoel. You have to have local support for your customers, not just support for the software elements but also support for the business teams using the services.

Crous concludes: The impact of cloud technology on payroll systems is incredible. I have been in the payroll space for decades, yet Ive never seen this dramatic jump in what the software can do today. If youre still running payroll on older systems, especially across multiple countries, you need to look at what cloud payroll systems do differently.

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Fixing global payroll with cloud services - IT-Online

RECUR360 Ranks No. 1776 on the 2022 Inc. 5000 Annual List – GlobeNewswire

August 17, 2022 | Author: admin

CAVE CREEK, Ariz., Aug. 16, 2022 (GLOBE NEWSWIRE) -- Today, Inc. revealed thatRECUR360, with Three-Year Revenue Growth of 346.95 Percent, is No.1776 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segmentits independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144percent. Together, those companies added more than 68,394 jobs over the past three years.

"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."

"I am honored and humbled to have RECUR360 listed as '1776' on the Inc5000 list for 2022.We could not have achieved this without our wonderful customer base. The achievement is an attestation to the devotion and loyalty of our staff to generate such revenue growth through the pandemic and latest economy." - Andrew B Abrams - CEO - RECUR360 TECHNOLOGIES LLC

RECUR360 TECHNOLOGIES LLC, "RECUR360", is a SaaS based platform providing enterprise level invoice generation, payment processing, sales tax and late fee calculation, accounts receivable and collections automation for QuickBooks Desktop and Online users.The RECUR360 API enables SaaS platforms to connect into RECUR360 as a bridge to QuickBooks and automate subscription billings.The R360 Cloud Hosting division provides remote desktops for the hosting of QuickBooks Desktop and integrated applications.RECUR360 was recognized as one of the Top 10 new Apps for QuickBooks Online in the 2017 $100,000 Showdown; Top Rated 25 Apps for QuickBooks Online by Maverick Merchant 2021.

CONTACT:

Andrew B Abrams - CEO -accounting@recur360.com - (602) 388-8933

More about Inc. and the Inc. 5000

Methodology

Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independentnot subsidiaries or divisions of other companiesas of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always,Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine's September issue, available on August 23. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.

About Inc.

The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.

Related Images

Image 1: RECUR360

Recurring Invoices, Payments, Late Fees, and Collections for QuickBooks

This content was issued through the press release distribution service at Newswire.com.

Global Cryptocurrency Exchange bitcastle to Launch on August 17 with the Most Advanced Binary Options Platform and Mobile Apps – GlobeNewswire

August 17, 2022 | Author: admin

Kingstown, Saint Vincent and the Grenadines, Aug. 17, 2022 (GLOBE NEWSWIRE) -- Bear markets are for building is a common expression heard around the cryptocurrency ecosystem during times like these when a crypto winter has led to frosty market conditions and falling token prices.

One project that has been hard at work fine-tuning its development to make sure that it is ready for prime time is bitcastle, a no-fee cryptocurrency exchange that is preparing for its official release on August 17th.

In the midst of the crypto market turmoil of the past few months, developers for bitcastle have been arduously perfecting the exchanges code in beta mode and are now putting the final touches on this state-of-the-art trading platform.

Along with the full launch of the web-based bitcastle interface, the platform will also be releasing iOS and Android mobile apps that will ensure its users can access the markets any time, day or night, from anywhere with cell phone reception.

Following a series of high-profile hacks and protocol exploits, the developers behind bitcastle have gone above and beyond to ensure that they have created a safe and easy way for crypto fans to acquire tokens, no matter their level of experience.

For traders of all levels, the 0% trading fees offered by bitcastle on all major trading pairs is sure to help ease the burden of soaring inflation and allow holders to acquire even more of the tokens they desire.

The large-cap tokens that will be available at the launch of the exchange include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and XRP, along with an additional 20+ smaller cap coins that are popular around the world. As time progresses, the exchange intends to add to its list of supported tokens as the need arises.

For more experienced traders who are not opposed to taking on extra risk, bitcastle also offers its own unique binary trading option known as HIGH&LOW. This proprietary technology designed by bitcastle will offer the worlds fastest options trading experience with the ability to make price predictions in as little as 5 seconds into the future.

The simplicity of bitcastles HIGH&LOW offering makes it so that even the most recent arrivals to the crypto trading scene will be able to partake in the action. All that is required is the ability to choose whether a given crypto will close higher or lower after a designated period of time that can stretch from seconds to hours.

For those looking for a longer time horizon, the High/Low mode allows them to work with a time frame that stretches from 15 minutes up to one day. For those with a shorter attention span, the Lightning mode allows them to operate in smaller increments that can clear in as little as five seconds.

Overall, bitcastle is designed to offer every crypto trader from novice to pro a top-notch trading experience that everyone can enjoy while paying as little in fees as possible. And in keeping with one of the most popular and long-running traditions in crypto, bitcastle also has plans to provide users with exclusive access to future airdrop campaigns and referral bonuses.

Those who are interested in getting started with the exchange can start their journey off on the right foot by signing up now and completing the identity verification process to earn $15 worth of Bitcoin. Dont miss this opportunity to get in early with the next up-and-coming crypto exchange and earn a little free crypto in the process.

For more information on this campaign, you can visit bitcastle's official website or Twitter page.

Mobile Apps: https://bitcastle.onelink.me/vSX0/b7fzb1n5Media Contacts: support@bitcastle.io

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Global Cryptocurrency Exchange bitcastle to Launch on August 17 with the Most Advanced Binary Options Platform and Mobile Apps - GlobeNewswire

Indicted in the US for cryptocurrency Ponzi scheme, BitConnect founder booked by Pune police – The Indian Express

August 17, 2022 | Author: admin

The Pune police have launched a probe into an alleged multi-crore cryptocurrency fraud and have booked Satish Kumbhani, the founder of cryptocurrency investment platform BitConnect, who was recently indicted in a US court on the charges of orchestrating an international Ponzi scheme worth over USD 2.4 billion.

A first information report in the case was registered at the Cyber Police station of Pune City Police on Tuesday night by a Pune-based lawyer who told the police that he lost close to 220 bitcoins equivalent to over Rs 42 crore as on Wednesday through multiple cryptocurrency investment platforms. In his FIR, the lawyer has named Kumbhani (36) and six others. Senior Inspector D S Hake from the Cyber Crime Police Station said a probe has been launched into the complaint.

The FIR states that the complainant was defrauded of his original investment of 54 bitcoins and the returns of 166 bitcoins, which he was allegedly made to reinvest into the platforms. The transactions between the complainant and the suspects took place between 2016 and June 2021. No arrests have been made in the case.

According to their preliminary inquiries, police said that Kumbhani, an Indian national and founder of BitConnect, was in February indicted of a 2.4 billion USD cryptocurrency scheme. Kumbhani and his accomplices allegedly misled investors about BitConnects schemes. They claimed to have created tech-based applications which could generate large profits on investors money in cryptocurrency markets. It is alleged that BitConnect operated as a Ponzi scheme of paying earlier investors with money from new investors. Officials said that the indictment alleges Kumbhani and his accomplices to have siphoned off 2.4 billion USD from their investors.

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Indicted in the US for cryptocurrency Ponzi scheme, BitConnect founder booked by Pune police - The Indian Express

Cryptocurrency Advocacy Group Says Regulators Overstepped Authority by Sanctioning Tornado Cash – The Daily Hodl

August 17, 2022 | Author: admin

Crypto advocacy group Coin Center is looking into challenging the U.S. Office of Foreign Assets Control (OFAC) over Tornado Cash sanctions in court.

Coin Center communications director Neeraj K. Agrawal said on Monday that the groupbelievesOFAC has exceeded its statutory authority by sanctioning the Tornado Cash smart contract.

We believe OFAC has exceeded its statutory authority by sanctioning the Tornado Cash smart contract. Coin Center is exploring a court challenge.

In Coin Centers analysis of the case, the non-profit arguesTornado Cash has no control over its application.

Tornado Cash Entity does not have a property interest in the Tornado Cash Application. It has no legal right to control that Application, and, perhaps more importantly, it has no physical ability to control that application. Moreover, that application is not even property in any reasonable sense of the word.

The Application is non-proprietary software residing simultaneously on the computers of every person around the world running the Ethereum open source client. It is no more the property of the Tornado Cash Entity than the phillips-head screwdriver in every Americans home toolbox is the property of its inventor, Henry F. Phillips.

If the Tornado Cash Application is not property in which some foreign country or nation has an interest (50 U.S.C. 1702), then the Tornado Cash Application cannot properly be added to the SDN List or blocked under the specific powers granted by Congress to the President in IEEPA. Someonemore on whom latershould be able to challenge the designation as being made outside the bounds of the statute and therefore invalid.

Early last week, OFACsanctioned Tornado Cash and the U.S. Treasury Department banned US citizens from using the protocol as it was deemed a national security threat. Later in the week, the suspected developer of the crypto mixer was arrestedon money laundering charges in the Netherlands.

Featured Image: Shutterstock/Liu zishan/Satheesh Sankaran

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Cryptocurrency Advocacy Group Says Regulators Overstepped Authority by Sanctioning Tornado Cash - The Daily Hodl

Scaramucci Identifies Significant Reasons Why The Cryptocurrency Market Will Soon Revive – – The Coin Republic

August 17, 2022 | Author: admin

Anthony Scaramucci, Founder and managing partner of Skybridge Capital, has a positive perspective on the future of the crypto market, recommending investors to see the current situation and stay patient for the long term.

During the interview session with CNBC, the hedge fund manager highlighted his belief that several recent developments in the crypto space could spark a lot more commercial activities.

Scaramucci emphasized the two-layer payment system built on top of Bitcoin, the Lightning Networks continuous improvement, BlackRocks relationship with Coinbase, and their subsequent creation of a Bitcoin (BTC) private trust fund as promising developments for the future.

Finally, CEO Larry Fink is seeing institutional demand for digital assets. Otherwise, he wouldnt be setting up those products, and he wouldnt be teaming up with Coinbase. More, I just want to remind people that there are only 21 million Bitcoins out there, and youll have a demand shock with very little supply.

Scaramucci mentioned the impending Ethereum Merge that will likely take place on September 15, which will switch the networks consensus process to proof-of-stake (PoS) as an event that might affect the market price of the second largest cryptocurrency.

In his perspective, traders are purchasing bitcoin because of the mergers potential benefits, but he also cautions that they might sell just as quickly.

A lot of traders are probably buying that rumor; they will most likely sell on the announcement of that merger, he said, adding, I would advise people not to do that; these are wonderful long term investments.

Scaramucci highlighted a comeback of investor interest. With better-than-expected inflation statistics in July, he believes the global economy may return to its strong 2019 Fourth Quarter position within 6 to 12 months.

Scaramucci has a favorable prognosis for the crypto market but warns investors to avoid knee-jerk reactions to negative news and emotion-based trading.

According to Data of The Coin Market, While writing this article, Bitcoin is trading at $24,111, and Ethereum is trading at $1,894.

Many market analysts believe that the crypto market will likely follow trends upward after September 15, the official date of launching Ethereum Version 2.0.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing

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Scaramucci Identifies Significant Reasons Why The Cryptocurrency Market Will Soon Revive - - The Coin Republic

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Cryptocurrency Advocacy Group Says Regulators Overstepped Authority by Sanctioning Tornado Cash – The Daily Hodl

Scaramucci Identifies Significant Reasons Why The Cryptocurrency Market Will Soon Revive – – The Coin Republic

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