investing

KSL Capital Partners & Soneva Resorts A Cautionary Tale of Due Diligence

KSL Capital Partners, a prominent private equity firm boasting over 165 companies in its portfolio and managing a staggering $21 billion in assets, is known for its keen eye for exceptional businesses. With a focus on operational expertise and collaborative partnerships, one might wonder how such a powerhouse could find itself entangled in the web of controversy surrounding Soneva Resorts and its CEO, Sonu Shivdasani. Soneva, formerly Soneva Resorts and Residences, stands as a testament to luxury hospitality, with its roots tracing back to its founding in the Maldives in

SMC Signs Partnership Agreement with PCG Advisory Inc. and Investment Agreement with ProActive Capital Partners, LP.

BOCA RATON, FL – July 5, 2024 / SMC Entertainment, Inc. ("SMC" or the "Company") (OTC:SMCE), a versatile incubator company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies, is pleased to announce the execution of a Partnership Agreement (“Partnership Agreement”) with NY-based PCG Advisory, Inc. (“PCG Advisory”) and an investment agreement (“Investment Agreement”) with NY-based ProActive Capital Partners, LP (“ProActive Capital”). Both PCG Advisory and ProActive Capital are owned and controlled by Mr. Jeff Ramson, a career veteran in capital markets. Mr. Ramson has

SMC Completes Asset Purchase of UK-registered ChainTrade Ltd.’s AI-powered Trading Platform

Boca Raton, FL – June 21, 2024 - SMC Entertainment, Inc. ("SMC" or the "Company") (OTC: SMCE), a versatile incubator company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies, is pleased to announce the closing of the acquisition of ChainTrade Ltd’s AI-powered Trading Platform (the “Platform”). ChainTrade, a UK-registered Fintech company, is a joint Venture between Plato Data Intelligence and Redmatter.Capital. ChainTrade has developed its Platform to allow users to trade Equities, ETFs, Commodities, and Indices with the support of a personalized AI-powered trading

The Hashgraph Association and Inacta Ventures launch $50 million Sustainability Venture Studio under The Green Block Initiative

Zurich, June 12th, 2024 – The Hashgraph Association, a Swiss-based association and leader at the forefront of digital enablement on the Hedera network, today announces the launch of a groundbreaking Sustainability Venture Studio for Enterprises, in collaboration with Inacta Ventures, a renowned Swiss and UAE Web3 venture builder. Under The Green Block Initiative, a global think tank and launchpad for sustainability projects launched during COP28 in UAE, the joint Sustainability Venture Studio aims at empowering sustainable projects around the globe, leveraging the Hedera Guardian as the balance sheet of the

SMC Enters into Acquisition Agreement to Purchase 100% of the Assets of ChainTrade Ltd. Launches AI-Powered Research Platform.

Boca Raton, FL - June 7, 2024 - SMC Entertainment, Inc. ("SMC" or the "Company") (OTC: SMCE), a versatile incubator company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies, is excited to announce the launch of the Chaintrade AI powered research platform and that the Company has entered into an Acquisition Agreement to acquire 100% of the assets of ChainTrade Ltd.’s AI-powered Trading Platform (the “Platform”). The closing of the Acquisition is pending the completion of customary due diligence, which is expected to be

SMC Announces LOI to Acquire Chaintrade LTD.

  Boca Raton, Florida – May 8, 2024 – SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC: SMCE), an incubator company focused on acquisition and support of commercialized financial services and technology (Fintech) companies, is excited to announce they have signed an LOI to acquire Chaintrade LTD, an AI Fintech company. Chaintrade has developed an AI Powered Asset Trading Platform that allows users to trade any Equity, ETF, Commodity, and Index with the support of a personalized AI Powered trading assistant SMC has agreed to acquire the platform and looks

StakingFarm Introduces a Strategic Blueprint for Crypto Staking Success Amid Market Volatility

  London, England – In an era defined by the digital revolution and the emergence of cryptocurrency as a formidable asset class, StakingFarm is proud to announce its advanced approach to crypto staking, designed to navigate the tumultuous waters of market volatility. This strategic blueprint is not merely a response to the fluctuations inherent in the crypto market; it is a comprehensive guide for investors seeking to maximize their earnings through staking crypto, transforming volatility from a challenge into an opportunity. "Volatility in the crypto market is not a barrier;

Alvara Protocol Raises $2.4M in Lightning Public Round

  Alvara Protocol is looking set to play a substantial role in redefining how the world invests. Their groundbreaking infrastructure, that is set to be an industry first, leverages the ERC-7621 (BTS or Basket Token Standard) to facilitate the creation of fully decentralized tokenized cryptocurrency investment funds. Now, anyone can now become a fund manager with ease. The responsibility for managing funds is something that has long been gatekept. Reserved for institutions or those already financially established. This is no longer the case. Alvara are poised to empower the next

GDA Capital Acquires Omni3, Expands into Singapore with New Gaming Lead

  [Singapore, March 12] — GDA Capital, a global leader in digital asset and blockchain technology investments and capital markets advisory, is excited to announce the acquisition of Omni3, a digital asset and disruptive technology advisory firm based in Singapore. This strategic move marks a significant milestone for GDA Capital as it extends its global footprint into the vibrant Asian market, with a dedicated commitment to establishing a full-time presence in Singapore. Nicholas Seah, the esteemed founder of Omni3, will be joining the GDA Capital team as the Gaming Lead,

Life DeFi Partners with Alvara Protocol to Integrate ERC 7621 Basket Token Standard

[Seychelles] — In a significant stride towards enhancing DeFi accessibility and functionality, Life DeFi is thrilled to announce a partnership with Alvara Protocol. This collaboration marks the integration of the innovative ERC 7621 standard into Life DeFi’s mobile and Chrome extension wallets, setting a new standard in the DeFi ecosystem. Alvara Protocol introduces a novel approach to managing and investing in digital assets. By allowing users to create, manage, and trade baskets of tokens, it simplifies the investment process, offering a diversified approach directly within Life DeFi’s platforms. Streamlining DeFi

Simplifying and Elevating GraphQL to New Heights: Grafbase’s Strategic Leap in Enterprise Adoption

~ Grafbase is leading the GraphQL revolution by providing a modern developer experience for building and deploying high-performance APIs. ~ With the advent of Federated Graphs, Grafbase allows composing multiple, independently deployed GraphQL APIs into a single endpoint. ~ The platform sets new standards in the GraphQL ecosystem with TypeScript SDK, Edge Caching, advanced security, real-time analytics, and more. March 2024: According to a report by Gartner, the adoption of GraphQL has been on an increasing trend, from less than 10% in 2021 to over 50% by 2025. Demand for

Key trends and innovations in iGaming in 2024

In 2024, the gambling industry is entering a new era, keeping pace with technological advancements and consumers' changing tastes. This industry is constantly changing, and the latest trends and innovations play an important role in predicting its future. In this article, we will look at the main trends and innovative changes in the gambling industry in 2024. Toto site recommendation ranking Use of artificial intelligence and machine learning The use of artificial intelligence (AI) and machine learning in the gambling industry has made remarkable progress. These technologies play a key