Connect with us

Ventureburn

2020 Has been a breakthrough year for crypto

To say that the past month has been one of the most important in crypto’s history would be an understatement, this according to founder of Revix, Sanders….

Published

on

We’ve been wondering what would take to catapult crypto into mainstream adoption and over the last few months, we seem to have found the answers.

Sean Sanders, the founder of the investment platform Revix, which is backed by JSE-listed Sabvest, explains “To say that the past month has been one of the most important in crypto’s history would be an understatement.”

At the time of writing, Bitcoin, the largest crypto asset, is trading at a three-year high above $16,000 and is within spitting distance of its all-time high daily close of $19,397, which occurred in December 2017.

These moves see Bitcoin up 40% in the past month, and more than 120% on a year-to-date basis, and that’s after its 91% return in 2019.

The Revix Top 10 Bundle, which equally weights the 10 largest cryptocurrencies, and Revix’s two crypto theme-based Bundles – which provide exposure to niche crypto themes of payment and smart contract focused cryptocurrencies are up also well up in 2020.

This price boom pushes crypto’s returns ahead of traditional assets like gold (up 24%) and the S&P 500 (up 12%).

Prices, however, are just part of the story. Developments over the past month have been equally exciting.

A few highlights:

  • PayPal—one of the world’s largest digital payment firms —announced that it would offer all 200+ million U.S. users the ability to buy and sell 5 of the largest cryptocurrencies (including bitcoin, ethereum, Litecoin, and bitcoin cash) by the end of the year. This has the potential to more than double the number of global crypto investors overnight which is estimated by the University of Cambridge to be around 100 million. The payment giant said that it would enable crypto payments at 26 million U.S. merchants in Q1 2021 which is a big first step for mainstream adoption.
  • Square—the payments platform headed by famous Twitter CEO Jack Dorsey— announced that they had invested 1% of their total assets in Bitcoin. This sizable investment of around $50 million, about 4,709 Bitcoins. The investment, which mirrors that of NASDAQ listed Microstrategy, was made due to the state of the global economy, interest in arguably the most discussed innovation in the financial sector this century, the maturation in the crypto ecosystem, and many other factors.
  • J.P. Morgan, whose CEO called bitcoin a fraud just three years ago, published an in-depth feature in its flagship research series comparing bitcoin to gold, and saying its price could double or triple if current trends continue. Earlier this year, J.P. Morgan also agreed to provide banking services to crypto pioneer Coinbase and has been getting involved in additional ways.
  • Institutional participation in crypto hit an all-time high, measured by the number of large institutions – such as pension funds, endowments, family offices, and hedge funds – holding significant positions in CME bitcoin futures—up 20% in a single month.
  • Revix had its own record-breaking month with thousands of new sign-ups. Record inflows from high net worth individuals and everyday investors looking to get started in the crypto space have started to accelerate.

    Sanders elaborates: “Despite the news breaking headlines of positive crypto developments—a complete U-turn from just 12-months ago—for those of us working full time in crypto for several years, much of what has transpired this last month felt inevitable. We always believed that large institutions like PayPal would help normalise crypto for everyday use and institutional investors would come around to this new asset class and become bullish on the asset class and would invest in meaningful ways.”

    He continues “What’s remarkable is that it all seems to be happening at the same time, and this is becoming a reinforcing cycle, where positive adoption news – like that of Paypal entering the crypto space or JP Morgan becoming bullish on crypto – puts pressure on other big-name payment institutions and financial firms to do the same. This becomes an accelerated cycle of adoption, which is what we’re seeing today and it’s resulting in an avalanche of developments that are bringing crypto from the shadows to the mainstream.

    For investors looking to gain crypto exposure, Revix has brought low-cost diversified crypto-index investing to everyday investors through their ready-made crypto Bundles, making crypto investing as easy as buying the JSE Top 40. Revix is accessible as investors can get started with as little as R500 investment and what’s great is that you can sell out and withdraw your funds at any time after purchase. There are no lock-up periods like with other investment funds.

    Revix charges no monthly subscription fees, but rather a simple 1% transaction fee for both buys and sells and a 0.17% per month rebalancing fee (which amounts to 2.04% a year) on the total Bundle value held.

    Revix’s Top 10 Bundle aims to deliver on one promise: To make sure that customers own the ten largest, and by default the ten biggest success stories, in the crypto space, whatever they may be.

    Revix also offers two theme-based crypto Bundles. The first is the Payment Bundle that provides exposure to the top five payment-focused cryptocurrencies looking to make digital payments cheaper, faster, and more global.

    The second is their Smart Contract Bundle, which consists of cryptocurrencies such as Ethereum that enable developers to build applications on top of their blockchains, much like how developers build mobile apps on top of the Apple mobile iOS operating system.

    Revix is offering customers a remarkable November promotion.

    New customers who sign-up to the platform at www.revix.com with the promo-code CRYPTO and who deposit and invest between R2 000 and R5 000 in any one of their three crypto Bundles before the end of December will receive 10 days of crypto investing completely free of loss.

    That’s up to 10 days of fully covered investing where the worst you can do is break-even. You’ll keep all your profits and Revix will cover any downside.

    Click here to get started with a fully covered 10 days with Revix

    It’s easy:

  • Read Revix’s Fully Covered promotional Terms and Conditions,
  • Head over to www.revix.com and sign-up for a free account,
  • Make sure to enter the Revix promo code – CRYPTO – when signing-up in the referral code textbox,
  • Deposit between R2,000 to R5,000 before the 5th of December to qualify for a Fully Covered 10-day period,
  • Make sure that you receive an email confirming that your account is Fully Covered within 12-hours of signing up,
  • Use the full amount that you deposited to buy any one of Revix’s crypto Bundles, and
  • You’ll be on your way with Revix’s Fully Covered November promotion.
  • If crypto investor ‘Joe’ signs-up for a Revix account using the promo code “CRYPTO”, he will receive an email letting him know that his 10-days Fully Covered promotional period has started.

    Joe will then need to verify his account and invest between R2,000 to R5,000 into one of Revix’s 3 crypto Bundles.

    In the case where Joe’s investment has increased in value, he will be entitled to keep all of his gains and either keep his Revix Bundle investment open or withdraw his funds. No strings attached.

    In the case where Joe’s investment has gone down in value, Revix will deposit ZAR into Joe’s Revix account which will return him to the exact same amount that he deposited. Joe can then either keep his Revix investment open or withdraw his funds. Again, no strings attached.

    In either case, Joe has his initial investment amount guaranteed for 10-days and can keep all his returns.

    Don’t wait, sign-up now so you don’t miss out on this truly Fully Covered investment opportunity.

    Revix brings simplicity, trust, and great customer service to investing. Its easy-to-use online platform enables anyone to securely own the world’s top investments in just a few clicks.

    Revix guides new clients through the sign-up process, to their first deposit and first investment. Once set up, most customers manage their own portfolio, but can access support from the Revix team at any time.

    For more information, visit Revix.

    This article is intended for informational purposes only. The views expressed are not and should not be construed as investment advice or recommendations. This article is not an offer, nor the solicitation of an offer, to buy or sell any of the assets or securities mentioned herein. You should not invest more than you can afford to lose, and before investing please take into consideration your level of experience and investment objectives, and seek independent financial advice if necessary.

    Featured image: Supplied

    Company Office is a subscription-based press office service.

    Revix

    Source: https://ventureburn.com/2020/11/2020-has-been-a-breakthrough-year-for-crypto/

    [ALT0]

    Ventureburn

    Local emotional intelligence app users significantly grow

    It’sOk, an innovative tech startup that aims to promote emotional intelligence among students has experienced exponential growth.

    Published

    on

    Based in Johannesburg, It’sOk, an innovative tech startup that aims to promote emotional intelligence among students has experienced exponential growth in the number of the users of its unique and cutting-edge platform.

    ItsOk experiences massive growth in users in SA

    With its hard launch only taking place a mere few months ago in March with users from a single school, King David Victory Park, the app has grown tremendously since then.

    In an interview with Ventureburn Cody Gordon, co-founder, and CEO of It’sOk explains;

    “It’sOk had its hard launch this March with 50 students in King David Victory Park. Since then, we have experienced a huge amount of growth both on our product side and our school client base. In 2022 we will have 10 000+ users on our app. These users are a combination of parents, teachers and students.”

    According to reports from the tech startup, it will be present in the follow institutions in 2022; the Crawford International group, St Peter’s Boys and Girls, Centennial Schools, King David Victory Park, Uplands College and a few Curro schools.

    Not only is the app being utilised by in-person teaching but also through online schools.

    “We’ve also seen our app making a huge positive impact in schools of all backgrounds for example, The Tomorrow Trust students, which comprises of orphaned and vulnerable children all have access to It’sOk,” adds Gordon.

    With innovation and emotional intelligence growth for students at the forefront of the startup focuses, Gordon explains that the app has been upgraded to meet the needs of the schools and their students.

    “An example of this is that we have now developed and automatic flagging system for schools to identify at risk students. Strategic people in the schools arat-riskied of these students and this allows the school to help these students and develop specific interventions instantly,”

    ItsOk

    ItsOk is a tech startup that has created an innovative emotional intelligence app that is designed specifically for a school environment.

    The tech startup has combined the power of technology with a holistic approach to promoting emotional awareness and intelligence among young students in South Africa.

    With many institutions reaping the benefits of employing ItsOk’s platform with their students, Justin Attlee, St Peter’s Boys – Head of Pastoral Care highlights the impact that it has had on their learners.

    “The huge value our schools are seeing in our technology is that the students now have a dedicated time each day to develop their emotional intelligence through our app, students now have a safe place to express how they are feeling and receive assistance when they need it. The schools are now also able to be proactive in their mental wellness strategies in the school based on the It’sOk data. This allows the school to be proactive instead of reactive in dealing with student emotions, “Thanks so much for the weekly feedback. This is giving us great insight in how the boys are feeling and allowing us to be proactive in implementing interventions.”

    Read more: SA food tech startup partners with V&A Waterfront

    Featured image: (Left to right) Cody Gordon, CEO and Michale Dukes CTO of It’sOk (Supplied)

    In an interview with Ventureburn Cody Gordon, co-founder, and CEO of It’sOk explains;

    Source: https://ventureburn.com/2021/10/local-emotional-intelligence-app-sees-huge-growth/

    local-emotional-intelligence-app-users-significantly-grow

    Continue Reading

    Ventureburn

    SA fintech partners with rising global fintech to foster financial inclusion in SA –

    Ukheshe Technologies has partnered with Chipper to help in the global fintech’s rollout of digital payment services and products.

    Published

    on

    Innovative and ground-breaking local fintech Ukheshe Technologies has partnered with new-kid-on-the-block Chipper to help in the global fintech’s rollout and implementation of digital payment services and products.

    Ukheshe has partnered with Chipper

    The products which Chipper cahs aims to roll out include free and unlimited peer-to-peer payments across South Africa along with added benefits such as purchasing airtime, data and also the ability to legally purchase and sell cryptocurrency. Chipper’s service and digital payments aim to be a game-changer among the local community.

    Not only will the partnership yield new fintech services for locals but it also will enable effective and safe financial transactions across the continent. The partnership aims to work in harmony allowing existing customers of Chipper to use this function as it will incorporate Ukheshe’s Eclipse API framework.

    Clayton Hayward, CEO of Ukheshe comments on the partnership with Chipper.

    “Ukheshe’s Eclipse API provides access to payment technology, products and services – all from one convenient platform. The rapid shift towards innovative digital-first solutions is undeniable and we are thrilled to partner with Chipper, a company that shares our vision and enthusiasm for credible, seamless payment solutions that drive the payments revolution in Africa.”

    Chipper

    Founded a mere three years ago, the ‘rising start’ tech startup has been labelled as the continents ‘biggest and fastest-growing payment app.

    With Chipper users are able to easily conduct instant no-fee local and cross border money transfers and discounted airtime purchases.

    Since its official launch, Chipper claims to have over four million users in eight countries in Africa and the UK.

    With financial inclusion at the forefront of the aims of both of these startups, the partnership will build on fostering financial inclusion by creating accessible financial digital solutions for individuals in Africa

    “The relationship between Ukheshe and Chipper aims to spearhead digital-first fintech solutions made in Africa to broaden access and financial inclusion for those who need it most. Our digital payment solution supports wallet functionality and will offer much-needed simplified payment solutions that allow users to send and receive cross-border payments safely, quickly, and efficiently, ” concludes Hayward.

    Supplied

    Read more:

    Featured image: Clayton Hayward, CEO of Ukheshe (Supplied)

    Clayton Hayward, CEO of Ukheshe comments on the partnership with Chipper.

    Source: https://ventureburn.com/2021/09/sa-fintech-partners-with-rising-global-fintech-to-foster-financial-inclusion-in-sa/

    sa-fintech-partners-with-rising-global-fintech-to-foster-financial-inclusion-in-sa--

    Continue Reading

    Ventureburn

    Startup partners with Telkom to launch translation platform for SA languages

    Telkom has partnered with SA startup Enlabeler to launch an AI platform that translates speech into text and provides transcription services for local languages.

    Published

    on

    Telkom has partnered with South African startup Enlabeler to launch an AI platform that translates speech into text and provides transcription services for local languages.

    The platform, called izwe.ai, was unveiled at the AI Expo Africa 2021. It is described as “a multi-lingual technology platform that transforms your audio and video data to text, captions or subtitles in your local languages”.

    Telkom and Enlabeler collaborated to create the platform, with the aim of providing a way to bridge the language gap in a variety of industries.

    “With Enlabeler, we have built a solution that can offer a seamless transcription experience with highly localised and reliable outputs, which help us deliver as a strategic partner for our clients,” Telkom Executive of Data Science Stefan Steffen said in a statement.

    “Working with an agile startup like Enlabeler has helped us accelerate our long-term plans to unlock this market segment. ”

    Enlabeler

    Enlabeler is a data labelling and annotation solutions provider.

    Founded in 2019, the company describes itself as Africa’s first remote data labelling community. It employs people around the country to augment and train the AI solutions and services provided by the company.

    The company provides video and image annotation services, computer vision and object detection models, entity extraction from text datasets, as well as translation and transcription services.

    The izwe.ai translation platform

    According to Telkom, the izwe.ai platform has a unique ability to interpret South African accents. It also uses machine learning to constantly improve its translations.

    The aim of the platform is to provide transcription and translation across a range of industries. These include education, academia, legal services, and media production.

    “This technology can be a game-changer in business, as well as education, government, and healthcare delivery,” Telkom head of Innovation Dr Mmaki Jantjies said in a statement.

    Meanwhile, Telkom Foundation CEO Sarah Mthintso highlighted the education benefits of the service.

    “STEM subjects are the foundation for the careers of the future, but to truly drive digital transformation in South Africa, we need learners to be able to learn in their home language,” Mthintso said in a statement.

    “That’s where AI-driven speech services are so important.”

    Translation and transcription service launch

    The service will be launched in a phased approach. The first phase includes the launch of izwe.ai and the collection of information from potential clients via survey.

    The service is offering five hours of free machine transcription in exchange for the completion of the survey.

    The second phase will include the release of the machine transcription model.

    “In release 2 you will have access to a market-leading machine transcription model to transcribe your files with a click of a button,” the service says on its website.

    The third phase will include the implementation of human input into automatic transcription outputs. Finally, phase four will include the launch of additional services.

    You can find out more about the platform on the izwe.ai website.

    Feature image: Ventureburn

    Read more: Fairwork Project puts out call for Pledge supporters

    Read more: African global business services sector to grow to $19.8 billion by 2023 – research

    Source: https://ventureburn.com/2021/09/startup-partners-with-telkom-to-launch-translation-platform-for-sa-languages/

    startup-partners-with-telkom-to-launch-translation-platform-for-sa-languages

    Continue Reading

    Title

    CNBC1 day ago

    Earnings

    Corporate Company Earnings, Find Earnings Per Share and Earnings History Online

    ZDNET2 days ago

    Even computer experts think ending human oversight of AI is a very bad idea

    The UK government is thinking of scrapping the right to ask for a human to review decisions made entirely by...

    Crunchbase4 days ago

    The Briefing: Hailo Lands $136M Series C

    Crunchbase News' top picks of the news to stay current in the VC and startup world.

    Cointelegraph5 days ago

    Ethereum loses key support level as ETH price falls to two-month lows against Bitcoin

    Ethereum's value against Bitcoin dropped below its 200-day exponential moving average for the first time since March 2020, raising risks...

    Ventureburn7 days ago

    Local emotional intelligence app users significantly grow

    It’sOk, an innovative tech startup that aims to promote emotional intelligence among students has experienced exponential growth.

    Reuters1 week ago

    Facebook apologizes for second outage in a week, services back up

    Facebook Inc apologized to users for a two hour disruption to its services on Friday and blamed another faulty configuration...

    Bioengineer2 weeks ago

    Pioneering chemistry approach could lead to more robust soft electronics

    Credit: Udit Chakraborty, Cornell University RESEARCH TRIANGLE PARK, N.C. -- A new approach to studying conjugated polymers made it possible

    Ventureburn2 weeks ago

    SA fintech partners with rising global fintech to foster financial inclusion in SA –

    Ukheshe Technologies has partnered with Chipper to help in the global fintech's rollout of digital payment services and products.

    CNBC3 weeks ago

    Stitch Fix shares surge as online styling service reports surprise profit

    Stitch Fix shares jumped after the online shopping and styling service reported a surprise profit for its fiscal fourth quarter.

    Techcrunch1 month ago

    South Korean antitrust regulator fines Google $177M for abusing market dominance – TechCrunch

    The Korea Fair Trade Commission (KFTC) said on Tuesday it fined Google $177 million for abusing its market dominance in...

    Review

      Select language

      Trending