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vChain Inc, the Immutable Data Specialist, Announces New Equity Financing | 2020-09-15 | Press Releases

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HOUSTON, Sept. 15, 2020 /PRNewswire/ — vChain Inc (www.vchain.us), the leading Open Source company for tamperproof ledger solutions, today announces the closing of a USD 4 million equity round, bringing the total raised in the last six months to over USD 11 million. New and existing investors have participated in this over-subscribed capital increase.

vChain’s immutable and tamper-evident database solution restores trust and integrity in today’s digital applications by giving developers an easy and secure way to store data secure from changes or tampering.

“The need for tamperproof transaction ledgers is an overriding requirement for any modern business,” said Moshe Bar, CEO and co-founder. “Being able to prove irrefutably, and with cryptographic verification, who, when, and how executed a digital transaction is a top priority for any CIO. We created CodeNotary Ledger Compliance® because traditional data stores and ledger solutions are not able to give IT organizations the peace of mind about the safety of their data.”

With CodeNotary Ledger Compliance®, organizations can track changes to sensitive data in their core applications, such as bank or credit card transactions, and then record those changes permanently, in an immutable, auditable, and secure database, guaranteed by the same cryptographic verification of traditional distributed ledger solutions. “CodeNotary Ledger Compliance® is today able to indelibly record millions of transactions a second, and therefore keep up with our most demanding core enterprise transactional environments. We run it on-premise, and in our cloud.” said a top 10 US Bank IT executive.

The core engine of CodeNotary Ledger Compliance® is immudb (www.immudb.io), an innovative, immutable ledger database, which was released earlier this year to the public under the Apache version 2.0 license. Lightweight, and extremely fast, the immudb database for systems and applications is the first Open Source offering of this kind today. The Open Source community at large, as well as customers and partners, have received immudb with great enthusiasm, making it one of the top 10 trending projects on GitHub daily and weekly.

vChain will use the new funds to further expand sales operations in the U.S. and Europe, and to continue further development on its CodeNotary Ledger Compliance® solution, along with continued development for the Open Source immudb database.

About vChain

The company was founded in late 2018 by Moshe Bar, and CTO Dennis Zimmer. Moshe Bar was previously a founder of Qumranet (acquired by Red Hat) which created the industry standard KVM hypervisor, and of XenSource, the makers of the Xen hypervisor (acquired by Citrix).

vChain employs a team with deep expertise in trust and integrity technology, cryptography, distributed ledger technologies, immutable databases, and certificate management. vChain is headquartered in Houston, TX, USA, with a team distributed in over 10 different countries.

Contact: amelie@vchain.us for press inquiries or job openings.

Cision View original content:http://www.prnewswire.com/news-releases/vchain-inc-the-immutable-data-specialist-announces-new-equity-financing-301129660.html

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U.S. Home Shopping Boom Buoys Shipping Lines Half a World Away

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Michael Holston Stresses New Animal Education

Miami, Florida, Sept. 22, 2020 (GLOBE NEWSWIRE) — Educational videos, regardless of topic, have always been pretty dull in the past. It is tough to get people to feel fully engaged without exciting content. These videos tend to fail at inspiring a new generation to learn about a topic. Animals can be some of the most interesting topics in the world, but only if they are covered the right way. Michael Holston, a man many people know online as The Real Tarzann, is looking to do just that. His journey, as well as his way of providing educational information, is unconventional, but he is gaining a massive following along the way. He now has focused his platform on inspiring a new generation and educating in a way that might work in the long term. Hands-on learning It all started with Michael Holston as a kid with a passion for animals. He took what few opportunities came his way to volunteer his time and work with different organizations to get his foot in the door. Whether it is working with domesticated animals or some of the deadliest in the world, Holston put together videos that can capture the attention of millions. However, dig deeper beyond the shock value and viral shots, and Holston is providing interesting animal education for all ages. While videos and photographs are not going to replace true education, it can inspire those who have the same passion to go to the next step. It is a major reason why Holston is now using his platform to educate and inspire. He also is hoping to raise money for non-profit organizations and schools in need of help. Formal animal education Certain topics are underfunded around the globe, with animal education being one of them. Holston is working to build schools to provide better animal education so that more people can be comfortable around animals. With such a broad audience, he knows that plenty of people have this desire to be smarter, and a smarter world around animals can help preserve living spaces for them as well. It’s a win-win situation for all, which is why he is so passionate about building schools in different locations around the world. This also means finding the right teachers for those schools, and hiring locally makes the most sense. These are the people who know animals around the area better than anyone, and they can share that same type of passion to drive others every single day. Non-profit organizations From education to fighting against animal abuse, there are numerous non-profit organizations that Michael Holston directly worked with. He believes that many of these organizations have great ideas, but the funding is not there to make the change they would like. There is still a lot of animal abuse going on in different parts of the world, and Holston is hoping that with his reach, he can make an impact on changing things little by little. A lot of the non-profits Michael Holston works with started with a visit in person. After getting a better idea of the grassroots campaign, he became invested in helping them turn the corner and get to a new level. Even if just a fraction of his followers take the time to research and invest what they are about, it is a considerable change. Local cleanups Holston calls south Florida home, and that part of the world is also home to many unique types of wildlife. What seems like a pretty basic concept is something a lot of people overlook so often. Part of proper animal education is just knowing how to make a positive impact around a local setting. Cleaning up the environment and doing little things to make a positive impact can start to add up if all of Holston‘s followers pitch in. Cleaning up benefits humans as well, and it seems like a true no-brainer for many. Now that he has kickstarted a few local cleanups in South Florida, he is hoping to expand to other parts of the world as well. CONTACT: contact@therealtarzann.com

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Many small companies can borrow without Main Street

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WASHINGTON — Federal Reserve Chair Jerome Powell says that many mid-size U.S. businesses are now able to borrow from banks, suggesting that the need for a Fed lending program that was designed to serve struggling medium-size companies has waned.

In remarks prepared for delivery Tuesday to the House Financial Services Committee, Powell said there are 230 loans, accounting for a total of about $2 billion, that have been provided or are in the pipeline under the Fed’s Main Street Lending Program. Powell’s testimony was released Monday by the Fed.

Still, that sum is far short of the $600 billion that the Fed had initially set aside for the Main Street program. The Treasury Department and the Fed allocated $75 billion from congressionally approved taxpayer funds to support the Main Street program; any losses up to that amount would be covered by Treasury.

“Main Street loans may not be the right solution for some businesses, in part because…these loans cannot be forgiven,” Powell said. “The evidence suggests that most creditworthy small and medium-sized businesses can currently get loans from private-sector financial institutions.”

The Fed chair has said that Main Street was intended to help companies that were too large for the Paycheck Protection Program, which provided forgivable loans to small companies, and too small for the Fed’s corporate bond purchases, which are intended for businesses large enough to issue their own bonds.

The central bank has faced criticism for not making the Main Street program easier to use for banks, which evaluate and issue the loans. The Fed buys 95% of the loan from the banks, reducing their credit risk.

On Tuesday, Powell will testify to the House committee along with Treasury Secretary Steven Mnuchin in a hearing focused on the implementation by the Fed and Treasury of emergency programs that Congress established in its $2 trillion relief package approved in March.

Christopher Rugaber, The Associated Press

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Stocks sink as September gloom continues

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Stocks sank Monday, following global equities lower and setting the three major indices up to extend last week’s sharp declines. The extended drop came as concerns over stagnating coronavirus case improvement stoked fears of more lockdowns, and as political uncertainty nudged investors away from risk assets.

The Dow fell more than 700 points, or 2.7%, just after noon on Monday, adding to a cumulative more than 350-point slide in the index from Thursday to Friday last week. The S&P 500 dropped more than 2% after ending last week at its lowest level in six weeks last week. As of Friday’s closing level, the S&P 500 was down more than 7% from its recent record high from Sept. 2, and was on track to log a four-session losing streak, or its longest since February.

“So far, the market has over-shot our expectations for a 4% to 6% haircut from recent highs on near-term extended valuations, as well as economic and Covid-19 risks. That said, the declines through last Friday are not all that surprising,” John Stoltzfus, chief investment strategist for Oppenheimer Asset Management, said in a note Monday. “It is that September — traditionally but not always — can be tough month for stocks. The S&P 500 had delivered a massive rally rising 60% from the lows on March 23 through September 2. Markets tend to overshoot to the upside as well as to the downside.”

Other analysts pointed to developments – and in some cases, a lack of progress – in Washington, D.C. as contributors to the pullback.

“The root causes of the recent drawdown in US large caps are [first], recent weakness in real-time economic indicators, [second] the lack of movement on a fiscal stimulus package that could offset #1 and [third] the Fed’s lackluster forecasts in its Wednesday release of the Summary of Economic Projections,” Nicholas Colas, Co-founder of DataTrek Research, wrote in a note Monday morning.

Shares of major bank stocks including JPMorgan Chase (JPM), HSBC (HSBC) and Deutsche Bank (DB) slid following a report that they and other financial institutions for decades facilitated fund transactions used for allegedly criminal activities, and failed to report suspicious activity.

Meanwhile, heavily weighted big tech stocks extended the past several weeks’ worth of declines, with Apple (AAPL), Facebook (FB), Amazon (AMZN) and Microsoft (MSFT) shares each lower in intraday trading. Oracle (ORCL) was the exception among tech names, after the company announced Friday that it was chosen to become TikTok’s “secure cloud technology provider,” and in doing so take a 12.5% stake in the social media service. Shares rose more than 1%.

So-called “reopening stocks” also renewed their declines, as fears over coronavirus cases both in the US and abroad led to jitters over a second wave of the pandemic and more business re-closures. Covid-related deaths in the US neared 200,000, and new cases have risen significantly in Arkansas, Colorado, Idaho, Montana, Nebraska and North Dakota over the past week. Former FDA Commissioner Scott Gottlieb told CBS’s “Face the Nation” on Sunday that he thinks “we have at least one more cycle with this virus heading into the fall and winter.” In Europe, countries including France and Germany have been grappling with marches higher in daily cases, and the World Health Organization warned last week of a “very serious situation unfolding” in Europe over the virus.

Cruise stock Royal Caribbean Group (RCL) fell more than 7% in intraday trading, and airlines including United Airlines (UAL), Southwest (LUV) and Delta (DAL) were each down at least 6%.

12:04 p.m. ET: US household net worth rose by a record $7.6 trillion in Q2 after stimulus boost

The Federal Reserve said Monday that US household net worth surged by a record $7.6 trillion in the second quarter this year, following an influx of coronavirus-related government stimulus payments and run-up in the stock market. The increase brought household wealth to $118.9 trillion by the end of quarter ended in June.

10:26 a.m. ET: Stocks extend declines, Dow drops 700+ points

The three major indices extended declines Monday morning, adding to the last three weeks’ worth of drops. The Dow sank further, dropping more than 750 points, or 2.7%, to well below 27,000.

The S&P 500 also slid more than 2%, with the energy, materials and industrials sectors leading the declines.

Overseas equities also slumped. Germany’s DAX (^GDAXI) index slid 4.5% for its biggest drop since March.

9:33 a.m. ET: Stocks open sharply lower, Dow sheds 400+ points

Here were the main moves in markets as of 9:33 a.m. ET:

  • S&P 500 (^GSPC): -51.81 points (-1.56%) to 3,267.66

  • Dow (^DJI): -502.67 points (-1.82%) to 27,154.75

  • Nasdaq (^IXIC): -153.07 points (-1.37%) to 10,638.94

  • Crude (CL=F): -$0.97 (-2.36%) to $40.14 a barrel

  • Gold (GC=F): -$42.70 (-2.18%) to $1,919.40 per ounce

  • 10-year Treasury (^TNX): -3.3 bps to yield 0.661%

7:45 a.m. ET: Nikola shares plummet after founder Trevor Milton resigns as executive chairman

Shares of newly public electric truck-maker Nikola (NKLA) slumped in early trading after its executive chairman and founder Trevor Milton unexpectedly announced his resignation, after a short-seller released a scathing report alleging Milton had for years deceived investors about the company.

“I asked the Board of Directors to let me step aside from my roles as Executive Chairman and a member of Nikola Board of Directors. The focus should be on the Company and its world-changing mission, not me. I intend to defend myself against false allegations leveled against me by outside detractors,” Milton wrote in a statement posted on his Twitter account at 2:21 a.m. ET Monday morning. 

Nikola’s stock, which had risen to as high as $50.05 per share after announcing a partnership with General Motors (GM) earlier this month, saw shares slide to below $24 per share in early trading. GM shares were off 3.8% in pre-market trading.

7:36 a.m. ET Monday: Stock futures sell off in early trading

Here were the main moves in equity markets, as of 7:36 a.m. ET Monday:

  • S&P 500 futures (ES=F): 3,257.25, down 59 points or 1.78%

  • Dow futures (YM=F): 27,041.00, down 561 points or 2.03%

  • Nasdaq futures (NQ=F): 10,729.00, down 198 points, or 1.81%

  • Crude (CL=F): $40.32 per barrel, -$0.79 (-1.92%)

  • Gold (GC=F): $1,936.90, -$25.20 (-1.28%)

  • 10-year Treasury (^TNX): yielding 0.663%, or down 3.1 bps

NEW YORK, NEW YORK – MARCH 20: Traders work on the floor of the New York Stock Exchange (NYSE) on March 20, 2020 in New York City. Trading on the floor will temporarily become fully electronic starting on Monday to protect employees from spreading the coronavirus. The Dow fell over 500 points on Friday as investors continue to show concerns over COVID-19. (Photo by Spencer Platt/Getty Images)

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