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From crisis currency to consumer adoption: What next for crypto?

Cryptocurrencies have won credit for their role in Ukraine’s war, showing utility that will drive them beyond the battlefield, says Amber Group’s Michael Wu.

Coinbase Facing Lawsuit Over Unlicensed Crypto Asset Sales

U.S. crypto exchange giant Coinbase has found itself in another legal battle, this time over the sales of cryptocurrencies that may be deemed as securities.

Bitcoin Cash Analysis: Chances of Fresh Increase above $300

Bitcoin cash price started a fresh decline from the $320 resistance against the US Dollar. The price is now trading near the $300 zone and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $290 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase)....

The post Bitcoin Cash Analysis: Chances of Fresh Increase above $300 appeared first on Live Bitcoin News.

Weibo launches NFT marketplace, allowing users to mint posts

Weibo, a social media platform known as the Chinese equivalent of Twitter with 249 million daily active users, launched its non-fungible token (NFT) marketplace TopHolder on Thursday, allowing users to mint their original posts into NFTs and sell them. See related article: Zuckerberg confirms NFTs coming to Instagram Fast facts Users will need to pass […]

Switchyard Brewery Says “Yes” to Crypto Payments

Switchyard Brewing Co. has become the latest establishment to accept bitcoin as a method of payment. Switchyard Brewing Is Excited About Crypto Located in Indiana, Switchyard is the first brewery in the area to make the transition to crypto. The primary executive of the company, Kurtis Cummings, doesn’t expect all his patrons to immediately flock...

The post Switchyard Brewery Says “Yes” to Crypto Payments appeared first on Live Bitcoin News.

Hololoot to Launch Soon! AR Viewing Will Now be Open for Public Testing

Hololoot aims to bring 3D metaverse assets into reality via a proprietary AR tech stack, benefiting gamers, developers, advertisers, designers, and everyday users. The platform's technology will offer an innovative ecosystem whereby users can create quick and easy AR NFTs without coding knowledge. 

Hololoot AR Viewer's and NFTs Integration

The Hololoot project is creating a comprehensive AR NFT ecosystem for the world. It combines an in-app marketplace, AR NFT launchpad, AR NFT Generator, and an AR metaverse to allow users to build and interact with assets. To truly see AR and NFTs become mainstream, developers and users need to make their apps easier. Hence, Hololoot gives anyone the freedom to explore the full potential of AR and NFTs.

Hololoot is a cloud-based app that allows users to browse and inspect 3D models of AR NFTs on the fly and even mint new ones. Unlike other AR apps that require a backend admin, it is entirely self-service.

The app is the first to enable users to create AR assets and mint NFTs without any platform support. Its ability to provide this functionality positions it as the leading contender in the AR market. Notably, creators, artists, brands, gamers, and marketers benefit from the AR NFT ecosystem.

Unlike VR metaverses, the Hololoot AR metaverse doesn't require you to create a space from nothing. Instead, it lets users scan their homes and customize various features in this metaverse. More features will eventually be added, which will allow users to share their own metaverse experiences. Users will share layouts, open the door, among other things.

AR NFT Viewer

Via Hololoot's AR NFT Viewer, users can quickly and easily integrate AR objects into their real-world environment view and manipulate them in real-time. 

Hololoot also has a wallet connection and metaverse as a service(MaaS) for NFTs. As an AR NFT owner, you can view them on the NFT viewer. In addition, if you have a regular 2D NFT that has a MaaS link, you can still view it in the AR NFT viewer.

These solutions are accessible for a price to projects, companies, and people alike, creating a project revenue stream that they expect to increase in the future. The team acquired collaborations with renowned metaverse games to help jumpstart the MaaS service, and is continually looking for more. They may begin to develop a linked experience across these metaverses by importing current NFT assets from these metaverses into AR.

The platform will give users the best possible experience of their content by using technologies like ARkit, AR Foundation, and glTF files. Depth cameras and LIDAR are used to create high-precision scans of rooms and recognize parameters and objects within them. Also, they will be able to go hands-free with the new generation of AR glasses currently hitting the market.

Hololoot AR NFT Generator

The Hololoot AR NFT Generator allows anyone to easily create and manage 3D assets. They need to upload a 3D model, modify the parameters, and convert it into an NFT.

Hololoot's cloud-based AR NFT Generator is the heart of its ecosystem, mainly because it connects AR Viewer with the marketplace and the metaverse. In addition, it facilitates Hololoot Match, an artificial intelligence recommendation algorithm for finding incredible 3D assets based on a user's specific preferences.

Hololoot's AR NFT Generator is a secure cloud storage and access management solution that enables businesses to manage their content and operations more effectively. It features self-service admin dashboards that allow users to organize and secure their content quickly.

Hololoot Tokens

Hololoot is powered by two tokens that are linked but have their own unique functions. The main token $HOL is used to make purchases and also to farm the rewards token $PIXEL. The goal of the token is to create a long-term ecosystem for AR NFTs. It generates power and sustains the platform.

$PIXEL is the platform's internal rewards token, and it can be used to participate in INOs and purchase unique NFT drops. $PIXEL is farmed by staking $HOL tokens, providing $HOL investors with a motivation to keep their tokens for the long term.

About Hololoot

Hololoot is the first AR NFT generator and marketplace. It simplifies the creation process and brings virtual worlds to life with minimal effort. Its robust features make it ideal for gamers, collectors, and anyone interested in immersing themselves in the world of augmented reality. With Hololoot's marketplace, trading AR NFTs is easy, and the utility-rich token $HOL provides buyers with extra value throughout the application. For more information, visit;

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What’s Happening in the Cosmos Ecosystem? An Early 2022 Review

Cryptocurrency markets got hit hard in January 2022, appearing to some to be at the beginning of a bear market. Downmarket or not, the Cosmos ecosystem and its $ATOM token…

The post What’s Happening in the Cosmos Ecosystem? An Early 2022 Review appeared first on CoinCentral.

Enterprise Applications of Crypto Liquidity

Crypto continues to move towards mainstream adoption, with more enterprise blockchain applications leveraging cryptocurrencies and other digital assets for operational and transactional purposes. To fully realize this shift, both financial institutions and businesses will have to more wholly embrace the technology by first gaining a better understanding of crypto utility.

The post Enterprise Applications of Crypto Liquidity appeared first on Finovate.

dWeb Foundation to Build Sub-Level Domain Naming System on Flare

[PRESS RELEASE – Singapore, SG, 16th March 2022] The dWeb Foundation has partnered with Flare Network as the next step in their journey towards building a fully-decentralized, permissionless internet built on blockchain infrastructure. The internet has become an integral part of people’s lives, an extensive web of digital data connecting people and organizations across the […]

Bexplus Offers 100x Leverage Crypto Trading & Doubles Your Deposit

To help traders earn more cryptocurrency, leading crypto derivatives exchange Bexplus has launched a 100% deposit bonus promotion to all traders. If you deposit 1 BTC, 2 BTC will be credited to your account. Every user can get up to 10 BTC for each deposit. Bitcoin‘s high volatility has made a comeback and currently presents...

The post Bexplus Offers 100x Leverage Crypto Trading & Doubles Your Deposit appeared first on Live Bitcoin News.

Sisram Medical Ltd Announces 2021 Record Annual Results

HONG KONG, Mar 17, 2022 - (ACN Newswire) - Sisram Medical Ltd (the "Company" or "Sisram", stock code: 1696.HK; together with its subsidiaries referred as the "Group"), a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more, today announced its audited consolidated annual results for the year ended December 31, 2021 (the "Reporting Period").

FINANCIAL HIGHLIGHTS
-- Revenue for the year ended December 31, 2021 was US$294.3 million, increased by 81.6% as compared to the revenue for the previous year.
-- Profit for the year ended December 31, 2021 was US$32.5 million, increased by 121.5% as compared to that for the previous year.
-- Net cash flows from operating activities for the year ended December 31, 2021 was US$32.4 million, increased by 25.8% as compared to that for the previous year.
-- Significant growth in all regions, mainly in North America and APAC. Revenue in North America for the year ended December 31, 2021 was US$112.0 million, increased by 105.8% as compared to that for the previous year. Revenue in APAC for the year ended December 31, 2021 was US$85.2 million, increased by 95.3% as compared to that for the previous year.

BUSINESS HIGHLIGHTS
-- R&D investments increased by 42.3% YoY to US$15.6 million with 2 new products launched: "Alma Duo" and "Alma PrimeX".
-- Continued the development of two new business lines - (i) Copulla - a new, innovative digital dentistry service; (ii) LMNT, a personal care brand, now launching a light-based skin rejuvenation home use device.
-- The Group entered into a sub-license agreement with Fosun Industrial for the commercialization of "RT002" Injectable, the new generation of neurotoxins for medical aesthetics use. The Group's existing injectables distribution operation, registered a revenue growth of 50.1% year over year.
-- The Group entered into an investment agreement at the amount of RMB 2.6 million for the establishment of Tianjin Xingsiyi, a research & development, technical services and supply operation for silk fibroin-sodium injectables and facial implant thread products.
-- The Group has acquired the entire share capital of Shanghai Foshion Medical System to further enhance its dental business line.
-- The Group purchased the remaining 40% equity interest in its Israeli distributor, Nova Medical. Upon completion, Nova Medical is a wholly-owned subsidiary of the Company, rebranded as Alma Israel.

FINAL DIVIDEND
-- The Board has resolved to declare a final dividend of HK$0.157 (inclusive of tax) per Share for the year ended December 31, 2021.

Business Growth Projection for 2022
Based on an increase in the demand for the Company's products and the backlog of orders as of December 31, 2021, barring any unforeseen circumstances or material change in market conditions, the Group expects to record a significant growth in revenue of over 35.0% in the first half of 2022 as compared to the revenue recorded in the corresponding period in 2021.

Record results, strong subsidiaries performance, overall geographic performance uptake, continued investments in R&D and strong business development momentum In 2021, Sisram's established global sales and distribution network recorded a total revenue of US$294.3 million for the Reporting Period, representing an increase of 81.6% when compared to 2020. All regions revenue increased substantially during the Reporting Period with North America demonstrating an increase of 105.8%, Asia Pacific with an increase of 95.3%, Latin America with an increase of 76.3%, Europe with an increase of 49.7% and Middle East & Africa with an increase of 45.2%.

The gross profit increased from US$90.3 million in 2020 to US$166.9 million in 2021, representing an increase of US$76.6 million. The gross profit margin in 2021 amounted to 56.7%, representing an increase of 1% compared to 55.7% in 2020. The establishment of direct operation offices in chosen territories has enabled the Company to shorten the supply chain, increase the average selling price, gain a higher brand visibility and ensure consistency among the communications with the target clientele. During 2021, revenue derived from direct sales has surpassed revenue derived from distributors with 62.0% attributed to the former and 38.0% to the latter.

For the Reporting Period, the Group recorded an adjusted net profit of US$40.3 million representing an increase of 100.0% when compared with the corresponding period of 2020. The adjusted net profit margin for the Reporting Period was 13.7%. The net cash flow from operating activities amounted to US$32.4 million, representing an increase of 25.8% when compared to 2020.

In 2021, Sisram continued its substantial R&D efforts, with 13% of corporate employees being R&D specialists. During the Reporting Period, R&D expense increased by 42.3% to US$15.6 million from US$11.0 million for the corresponding period in 2020. During the Reporting Period, the Group launched 2 new products, "Alma Duo" and "Alma PrimeX", as well as expanded two business lines, "Copulla" - a new, innovative digital dentistry service, and "LMNT", a personal care brand, now launching a light-based skin rejuvenation home use device.

Continued Investments in Digital Transformation and Production Ramp-up
In 2021, Sisram continued the development of its digital core architecture with vast investments in Information Systems and Digitalization, encompassing traditional ERP and CRM modules, IoT solutions for professional capital equipment, marketing automation and consumer access. Over the past 3 years (2019-2021), Sisram invested more than US$6.5 million in information systems, upgrading its ERP and CRM infrastructure, migrating to cloud-based systems to serve the entire growing and diverse eco-system and implementing new digital tools for Internal organization management, external engagement mechanisms between the organization and the market and cyber security.

On the operational front, Sisram focused on addressing the pandemic effect by investing in production ramp-up to accommodate the growing global demand and improve quality performances KPI's such as FPY (First Pass Yield) and new platforms critical failure.

A Never-before-seen Synergistic Ecosystem Composed of 4 Pillars
Sisram's Wellness Group is a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more.

As of 2021 Sisram is operating 4 business lines. The Medical Aesthetics business line, led by Alma, registered a revenue increase of 73.4%. The Injectables business line registered a revenue increase of 50.1% year over year. In 2021, Sisram integrated the activity of Shanghai Foshion Medical System into Sisram, while developing Copulla's digital dentistry service. The Personal Care business line, LMNT by Sisram Medical, is a home-use brand, immersing the essence of wellness into consumers' daily routine.

Looking forward, Mr. Liu Yi, Chairman and Executive Director of Sisram, said: "As a core member of Fosun Pharma's medical device sector, as well as the core platform of Fosun's ecosystem, we have always insisted on customer-centric philosophy and focused on technology and innovation, to continuously improve our product power and competitiveness to respond to the rapid development of the industry. In 2022, based on our charted strategy, we will continue to promote Sisram's ecosystem, and steadily expand the product portfolio and ecological interoperability between Sisram's ecosystem, Fosun Pharma's medical device sector, and even Fosun's greater ecosystem, so as to provide customers with advanced technologies and products through the enhancement of technological applications. We will also promote the sustainable and sound development of the industry by improving clinical applications. In addition, we shall meet the market demand of the aesthetic industry through our diversified product portfolio and market strategy."

Mr. Lior Dayan, CEO of Sisram and Alma, said: "The Group's efforts during 2022 will strategically focus on expanding direct operation in strategic markets to secure market access for both professional and consumer clientele, improve digital infrastructure and tools, drive awareness and preference to our global consumer brand and leverage it to globally introduce new products and services."

About Sisram Medical Ltd
Sisram Medical Ltd (1696.HK) is a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding, ranging from medical aesthetics capital equipment, via injectables therapy, aesthetic dentistry, personal care and more. The company is majority held by Fosun Pharma, a leading healthcare group in China. Sisram Medical successfully went public on September 19, 2017, as the first Israeli company listed on the Hong Kong Exchange Main Board.

Sisram Medical - Enhancing Quality of Life
http://www.sisram-medical.com


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comSisram Medical Ltd (the "Company" or "Sisram", stock code: 1696.HK; together with its subsidiaries referred as the "Group"), a global consumer wellness group, featuring a never-before-seen synergistic ecosystem of business building blocks and consumer-focused branding

When is the Coinbase NFT Marketplace Launching?

The world’s leading cryptocurrency exchange Coinbase has announced its entry into the NFT space with the upcoming launch of an NFT marketplace, promising to bring more surprise to the sector. The initial post made by Coinbase NFT, the official Twitter account of the incoming NFT marketplace, revealed that the team behind this new platform was [...]

The post When is the Coinbase NFT Marketplace Launching? appeared first on Blockonomi.

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