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OLB Group Inc. to Report Fourth Quarter and Full Year 2021 Results on Monday, March 28, 2022 at 4:15 p.m. Eastern Time

NEW YORK–(BUSINESS WIRE)–The OLB Group, Inc. (NASDAQ: OLB) (“OLB”, the “Company”), an emerging FinTech company leveraging proprietary omnicommerce and blockchain technology to build customized payment solutions, will release financial results for the fourth quarter and full year ended December 31, 2021 after market close on Monday March 28, 2022. Management will host a conference call […]

The post OLB Group Inc. to Report Fourth Quarter and Full Year 2021 Results on Monday, March 28, 2022 at 4:15 p.m. Eastern Time appeared first on Fintech News.

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Kingsoft Announces 2021 Annual and Fourth Quarter Results

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HONG KONG, Mar 23, 2022 - (ACN Newswire) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 3888), a leading Chinese software and Internet service company, has announced its 2021 annual results and fourth-quarter results for the period ended 31 December 2021.

For the year 2021, the revenue of Kingsoft increased 14% year-on-year to RMB6,371.4 million. Revenue from the office software and services and online games and others represented 51% and 49%, respectively, of the Company's total revenue for the year of 2021. Gross profit for the year 2021 increased 11% year-on-year to RMB 5,214.3 million, while operating profit amounted to RMB1,360.6 million.

For the fourth quarter of 2021, the Company's revenue increased 13% year-on-year and 21% quarter-on-quarter to RMB1,822.1 million. Revenue from the office software and services and online games and others represented 50% and 50%, respectively, of the Company's total revenue for the fourth quarter of 2021. Gross profit for the fourth quarter of 2021 increased 8% year-on-year and 17% quarter-on-quarter to RMB1,449.6 million, while operating profit amounted to RMB331.4 million.

Mr. Jun LEI, Chairman of Kingsoft, commented, "In 2021, we are poised to achieve a steady growth in our core businesses leveraging our continuous investment in technological innovation. Kingsoft Office Group understands user needs and has further enhanced its products and services. It has also continued to pursue the ecosystem strategy of "multi-screen, cloud, content, artificial intelligence ("AI") and collaboration" and achieved an excellent operation performance. Meanwhile, our online games business has launched several new mobile games during the year while continuing to focus on the development of premium games, long-term operation and enrichment of core game IPs."

Mr. Tao ZOU, Chief Executive Officer of Kingsoft, added, "The Group's business continued to achieve steady growth, with revenue reaching RMB6,371.4 million, increasing by 14% year-on-year. Our office software and services business maintained a solid growth momentum and its revenue increased 45% year-on-year."

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Office Software and Services

In 2021, revenue from office software and services business increased 45% year-on-year to RMB3,264.8 million. Revenue in the fourth quarter increased 19% year-on-year and 12% quarter-on-quarter to RMB903.9 million.

In 2021, Kingsoft Office Group continued to enhance its products and services for cloud office and collaboration office scenarios. With increasing user activeness and user stickiness in individual and enterprise users, cloud migration of both domestic individual and institutional subscriptions has accelerated. With the stable growth in the number of monthly active devices of its key products, Kingsoft Office Group has continued to optimize its user experience and products functions, promote cloud migration, increase usage of its value-added functions and further drove the growth in its number of paying users. In addition, the significant increase in the number of uploaded cloud documents and the increase in the proportion of long-term paying users have also laid a solid foundation for the development of the individual subscription business in the future.

Regarding the government and enterprise market, Kingsoft Office Group took advantage of the industry trend on the demands of government and enterprise users for data asset management and office efficiency improvement and has actively improved product systems, enhanced user experience and expanded eco-systems, to promote the cloud office migration of government and enterprise users. This has also set a solid foundation for its subsequent promotion of digital office platform solutions. As the cloud migration of government and enterprise users continues, Kingsoft Office Group is expected to increase its presence in the government and enterprise market.

In addition, Kingsoft Office Group has witnessed a strong demand growth from the government and enterprise users, as localization projects enter a booming stage with a fast-growing market leveraging the favourable policies. Moreover, Kingsoft Office Group also received substantial orders for its re-flowable and fixed-layout document format products which lead to the robust growth of its domestic institutional licensing business.

Online Games and others

Revenue from the online games and other businesses for 2021 was RMB3,106.6 million. Revenue for the fourth quarter of 2021 increased 8% year-on-year and 30% quarter-on-quarter to RMB 918.2million. The steady year-on-year growth in the fourth quarter was mainly due to the successful launch of several mobile games which diversified the Company's game portfolio. In the fourth quarter, revenue from the flagship JX Online III PC game and the classic JX 2D PC game grew steadily quarter-on-quarter. Moreover, we have also achieved breakthroughs in product development demonstrating the vitality of the core IP and our strong R&D and operational capabilities.

Following the successful release of the JX I Pocket mobile game in Vietnam in April 2021, JX I: Gui Lai, the domestic version of JX I Pocket mobile game was released in October. Upon its debut, JX I: Gui Lai was ranked third in the top free charts and first in the top-grossing role-playing game (RPG) charts for iOS. In November, Wu Lin Xian Xia, our self-developed mobile game, was released in China with the highest-ranking sixth in the top-grossing charts for iOS, demonstrating our successful strategic cooperation with Nuverse. In December, JX World III, the third generation of the JX World series mobile games, was launched. Upon its launch, JX World III ranked first in the top free charts and ninth in the top-grossing charts for iOS. In addition, the mobile game was also recommended on the front page of Apple Today and was recognized as a superstar product by the Mobile Hardcore Alliance.

Mr. Jun LEI concluded, "Looking forward, Kingsoft Office Group will ride on the trend of cloud and collaboration office and continue to invest in product research and development. It will also further explore the opportunities in the enterprise market and strive to empower the digital transformation of large-scale organizations. Regarding our online games business, we will maintain the development of our core IP while focusing on bringing new game genres and new IPs. Looking ahead, we will continue to invest in R&D, promote technological innovation and upgrades, and pursue social responsibility to ensure long-term sustainable growth of our business."

About Kingsoft Corporation Limited
Kingsoft is a leading software and Internet services company based in China listed on the stock exchange of Hong Kong. It has two subsidiaries including Kingsoft Office and Seasun. Following the implementation of its "mobile internet transformation" strategy, Kingsoft has completed the comprehensive transformation of its overall business and management models and formed a strategic platform with office software and interactive entertainment as the pillars and cloud services and AI as the new directions. The Company has more than 7,000 staff around the world and enjoys an important market share in China. For more information, please visit http://www.kingsoft.com.

Kingsoft Investor Relations:
Francie Lu Tel: (86) 10 6292 7777 Email: ir@kingsoft.com

For further queries, please contact Hill+Knowlton Strategies Asia:
Ovina Zhu Tel: (852) 2894 6315 Email: kingsoft@hkstrategies.com

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comKingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 3888), a leading Chinese software and Internet service company, has announced its 2021 annual results and fourth-quarter results for the period ended 31 December 2021.

Cronos Price Prediction 2022-2026-Will CRO Price Hit $0.8 by the end of 2022?

Cronos

CRO is the native token of the Cronos blockchain. It is used for staking activities on its cryptocurrency exchange Crypto.com. Before the launch of its blockchain, Cronos was an ERC-20 token launched on the Ethereum blockchain. Fees generated from transactions are used to reward the users who staked their CRO tokens at the end of the staking period. Stakers earn between 10% and 12% APY on their staked tokens. What is Cronos (CRO)? Cronos (CRO) was launched in the last quarter of 2018 as the cryptocurrency that will be used in Mobile payments on Crypto.com financial and cryptocurrency exchange. The Cronos chain is decentralized, open-sourced and allows the adoption of cryptocurrencies. Crypto.com exchanged was launched in June 2016 by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao. The exchange is one of the foremost exchanges that permits buying of cryptocurrencies with fiat currencies. Cronos payment platform with Crypto.com rewards users with 20% cashback for paying fees with CRO and 10% for peer-to-peer tradings on the fees generated. Now, let’s see the price analysis of Cronos for the coming years. Price Analysis of Cronos (CRO) Flashback: Fundamental Analysis of Cronos (CRO) The Crypto.com token (CRO) was rebranded to Cronos (CRO) after the launch of its blockchain in 2021. This is important so that users can different activities within the Cronos blockchain from the activities with the Crypto.com exchange. This same rebranding was recently done by Binance exchange when it changed the name of Binance Coin (BNB) to Build and Build (BNB). Every good rebranding always gets good course for the token since the impacts will be seen soon on the price of Cronos (CRO). Also, there is an increase in the annual percentage yield (APY) on staking with CRO. The reward has been increased to up to 52% from the previous 10% to 12% APY. This will encourage long-term investors on the project to stake CRO, so as to receive more of it by the end of the duration. Now, let’s see charts on Cronos price analysis. https://www.tradingview.com/x/x4Z2Moiu/ From the chart above, the price of CRO is getting to a critical point, since the green curve called the lips on the William Alligator indicator is approaching the same level with the recent candlesticks formed. This can trigger a bullish reversal. https://www.tradingview.com/x/DH4Dhz5y/ The relative strength index of Cronos (CRO) is 42.04 from the chart above. This means that the present trend is neutral and a bearish or bullish movement is possible depending on who takes over the CRO market. https://www.tradingview.com/x/t9Hz1Dfq/ From the chart above that represents the Keltner Channel Indicator for the 1Day CRO/USDT-we can observe that the price of Cronos (CRO) is consolidating, though it is still within the first half of the channel from the bottom. Let’s see the price predictions of Cronos (CRO) for the next five years. Cronos (CRO) Price Prediction 2022 The present return on investment on CRO for the past one year is 100% at the time of writing. If this is repeated this year, the price of Cronos might reach $0.38, $0.48, $0.65, and $0.8 by the end of the first quarter, second quarter, third quarter, and fourth quarter respectively. Cronos (CRO) Price Prediction 2023 Cronos might reach $1.08, $1.48, $2.65 and $3 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2023 respectively. Cronos (CRO) Price Prediction 2024 Cronos might reach $3.2, $3.35, $3.5, and $4 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2024 respectively. Cronos (CRO) Price Prediction 2025 Cronos might reach $4.2, $5.35, $5.2, and $6 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2025 respectively. Cronos (CRO) Price Prediction 2026 Cronos might reach $6.4, 46.9, $7.5, and $8 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2026 respectively. Cronos (CRO) Price Prediction: Market Sentiments Cronos (CRO) price predictions according to well-known media platforms are explained below: Wallet Investors According to Wallet Investors, the price of CRO will be $1.02 by February 2023 and $3.44 by February 2027. PricePredictions According to PricePredictions, the price of CRO will be $0.56 in 2022, $0.82 in 2023, and $11 by 2030. Digital Coin Price According to Digital Coin Price, the price of CRO will be $0.57 in 2022 and $1.95 by 2030. Our Cronos (CRO) Price Prediction Due to the increase in the number of cryptocurrency users and the quick option that funding with fiat currencies offers, together with the high rewards on CRO APY for those who stake CRO, the price of Cronos (CRO) might reach $8 by 2026. Conclusion From the fundamental analysis, charts, and market sentiments around Cronos, we can deduce that the price of CRO will be bullish in the future which … Continued

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Polygon Price Prediction 2022-2026-Will MATIC Price Hit $2.18 by the end of 2022?

Polygon (MATIC) Technical Analysis

MATIC is the native token of Polygon that was formerly known as MATIC network. It only supports basechain on the Ethereum blockchain and is Layer 2 blockchain Unlike blockchains with scalability challenges, the Polygon blockchain completes 65,000 transactions per second in a chain, and confirms transaction within 2 seconds Prior to the migration of MATIC to its own blockchain, it was initially launched as an ERC-20 token on the Ethereum blockchain. Over 50 decentralized applications (Dapps) and decentralized finance (Defi) projects had been launched on the Polygon blockchain. What is Polygon (MATIC)? MATIC was launched on the Ethereum blockchain in 2017 before it was migrated to its own blockchain in 2019. It was cofounded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun The total supply of MATIC is 10 billion MATIC and in April 2019 launchpad, only 19% of MATIC’s total supply was sold at a rate of $0.00263 per token and $5 million was raised Let’s see the Polygon (MATIC) price analysis for the coming years. Price Analysis of Polygon (MATIC) Flashback: Fundamental Analysis of MATI With the very low fees that are used in Polygon blockchain for transaction, there has been an option for top platforms that host the buying and selling of non-fungible tokens to allow the option to use the Polygon network. For example, the OpenSea platform, allows it’s users to create and deploy for Sales NFTs with no fees. This is due to the high gas fees of the Ethereum network. Since the NFT market worth over $40 billion as at January 2022, the Polygon blockchain is attracting a host of projects in the NFT sector Though the price of MATIC plummet by over 50% from it’s all-time high value: analysts believe that once the blockchain continues to attain it’s Layer 2 goals, the price of MATIC will recover Now, let’s look at charts to see the price analysis of Polygon (MATIC). https://www.tradingview.com/x/O83wAzB3 The relative strength index for MATIC from the chart above is 39.44. This value means that the present trend of MATIC is weak since it lies between 30 and 50, though it is approaching the undervalued region of 30. https://www.tradingview.com/x/ou7S8c7L The 100-MA is above the 200-MA, which means that the price of MATIC might not give good returns to investors who want to hodl the token for only a few days. https://www.tradingview.com/x/mBJerIIy From the chart above, we can see that the jaw which is represented by the blue curve is above and not closer to the green curve called the lips. This means that the present price of MATIC might plummet further. Now, let’s see the price prediction of Polygon MATIC for the next five years. Polygon (MATIC) Price Prediction 2022 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2022, the price of MATIC will be at least $1.15, $1.6, $1.75, and $2.18 respectively. Polygon (MATIC) Price Prediction 2023 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2023, the price of MATIC will be at least $2.35, $2.6, $2.85, and $3.18 respectively. Polygon (MATIC) Price Prediction 2024 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2024, the price of MATIC will be at least $3.4, $3.65, $3.75, and $4.12 respectively. Polygon (MATIC) Price Prediction 2025 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2025, the price of MATIC will be at least $4.15, $4.6, $5.75, and $6 respectively. Polygon (MATIC) Price Prediction 2026 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2026, the price of MATIC will be at least $6.3, $6.6, $7.5, and $10 respectively. Polygon (MATIC) Price Prediction: Market Sentiment Let’s consider the price prediction of MATIC by well-known media platforms. Gov Capital According to Gov Capital, the price of MATIC will be $7.47 by next year and $60.7 by February 2027. Wallet Investor According to Wallet Investors, the price of Polygon (MATIC) will be $2.96 by March 2023 and $8.9 by March 2027. DigitalCoin According to DigitalCoins, the price of MATIC will be $1.96 by 2022, $2.18 by 2023, $2.95 by 2025, and $7 by 2031. Our Polygon (MATIC) Price Prediction With the concentration of the Polygon developers in achieving their Layer-2 goals and also the adoption of Polygon in the NFTs market, the price of MATIC will get to $10 by 2026. Conclusion From the fundamental analysis, charts, and market sentiments around Polygon, we can deduce that the price of MATIC will be bullish in the future which will reward long-term investors.

The post Polygon Price Prediction 2022-2026-Will MATIC Price Hit $2.18 by the end of 2022? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Ford CEO Farley Sees 2021 Compensation Nearly Double to $22.8 Million

Work hard and you’ll be rewarded probably means more to CEOs than any other person holding a job. Ford CEO Jim Farley saw his annual compensation jump 93% in 2021, his first full year at the helm of the automaker. Find out more at TheDetroitBureau.com.

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

Tag Template - News Hub PRO 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.

Biolase Reports Continued Growth For Fourth Quarter And Full Year 2021

BIOLASE, Inc., the global leader in dental lasers, announced its financial results for the fourth quarter and full year ended December 31, 2021.
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Polkadot Price Prediction 2022-2026-Will DOT Price Hit $30 by the end of 2022?

Polkadot Launches Parachains, Expanding Scalability

DOT is the native token of the Polkadot network and it is used for staking for operations, bonding tokens to connect to flagships, and network governance. One of the aims of the Polkadot protocol is to provide the foundation for the creation of decentralized internet of blockchains known as web3. Polkadot provides the necessary tools for the creation of decentralized applications, services, and institutions controlled by the users. Polkadot (DOT) has four components which are relay chain, bridges, parachains, and parathreads. What is Polkadot (DOT)? SOL is the token used to carry out transactions within the Solana open-source blockchain. The blockchain can be used to build decentralized applications and also deploy smart contracts. It was launched in March 2020 with Anatoly Yakovenko as the main co-founder. Dot is used as the token for transactions on the Polkadot blockchain. Polkadot is a sharding chain in that it helps the transfer of data and assets from one blockchain to another to improve scalability. It was founded in 2016 by Gavin Wood, Peter Czaban, and Robert Havermeier. Now, let’s see Polkadot’s (DOT) price analysis for coming years. Polkadot (DOT) Price Analysis Flashback: Fundamental Analysis of Polkadot (DOT) A research report by Messari on-chain published that Polkadot (DOT) is the highest altcoin that is held by Venture Capital fund managing organizations in the fourth quarter of 2021. This shows that although, DOT is the 12th cryptocurrency with a market capitalization of about $17.32 billion. This news might push more investors to hodl the coin for the long term which will directly move the price higher. Nodle, a decentralized wireless network that provides secure and low-cost connectivity and data liquidity to connect billions of devices worldwide has won the Polkadot challenge for developers who registered for Parachains. With a large number of Nodle users and the over 2.48 million DOT used in the challenge, more users in the crypto community will be exposed to the Polkadot blockchain which will directly impact positively on the price of DOT. Now, let’s look at charts to see what it says about the price analysis of Polkadot (DOT). https://www.tradingview.com/x/mixTzdS4/ The Relative Strength Index (RSI) value of Polkadot (DOT) is 48.66 from the link above. This means that the present trend of DOT is neutral since it lies between 30 and 50. However, since it is approaching 50 which means a strong trend, the price of DOT might move higher since the present candlestick is bullish. https://www.tradingview.com/x/TfdKCOHA/ The long-term price of Polkadot (DOT) from the link above is bearish. This is because the 100-MA is above the 200-MA in the 1Day chart of DOT/USDT. https://www.tradingview.com/x/hzuBnu7g/ The link above represents the chart for the William Alligator indicator for DOT/USDT. Since the blue curve called the jaw is above, it means that the present downtrend of Polkadot might continue for a while before a reversal. The section below outlines the Polkadot price prediction for the next five years. Polkadot (DOT) Price Prediction 2022 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2022, the price of DOT will be at least $19, $22, $20, and $30 respectively. Polkadot (DOT) Price Prediction 2023 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2023, the price of DOT will be at least $40, $50, $55, and $80 respectively. Polkadot (DOT) Price Prediction 2024 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2024, the price of DOT will be at least $75, $90, $110, and $150 respectively. Polkadot (DOT) Price Prediction 2025 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2025, the price of DOT will be at least $160, $180, $170, and $250 respectively. Polkadot (DOT) Price Prediction 2026 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2026, the price of DOT will be at least $280, $300, $320, and $500 respectively. DOT Price Prediction: Market Sentiment DOT price prediction from well-known media houses is explained below: PricePredictions According to PricePredictions, the price of DOT will be $22.7 by 2022 and $455 by the end of 2030. DigitalCoins According to DigitalCoins, the price of Polkadot (DOT) will be around $23.3 in 2022 and $80 by the end of 2030. Wallet Investors According to Wallet Investors, the price of Polkadot (DOT) will be $32.5 by next year and $96 in five years. Our Polkadot Price Prediction With the adoption of Polkadot Parachains in mobile data usage by Nodle and a forecast that the mobile global data traffic will be 220.8 million terabytes per month by the year 2026, we can deduce that it is possible for DOT to reach $500 by 2026. Conclusion From the fundamental analysis and the market sentiment around … Continued

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Nearly 34 Ransomware Variants Observed in Hundreds of Cyberattacks in Q4 2021

As many as 722 ransomware attacks were observed during the fourth quarter of 2021, with LockBit 2.0, Conti, PYSA, Hive, and Grief emerging as the most prevalent strains, according to new research published by Intel 471. The attacks mark an increase of 110 and 129 attacks from the third and second quarters of 2021, respectively. In all, 34 different ransomware variants were detected during the

Veteran Trader Advises ‘Gen Zs’ To Set Aside Savings On Bitcoin And Hold

veteran-trader-advises-‘gen-zs’-to-set-aside-savings-on-bitcoin-and-hold

It’s time for the new and younger generation to invest in Bitcoin. At least, this is what veteran trader and popular commentator Peter Brandt recommends. Brandt suggests members of the “Gen Z” should get a degree in an area where they may quickly find a well-paying job while avoiding student debt, if possible. He referenced…

The post Veteran Trader Advises ‘Gen Zs’ To Set Aside Savings On Bitcoin And Hold appeared first on Bitcoin News Miner.

The Latest SPAC News and Rumors: March 11, 2022

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Byju’s founder in $800M funding round with BlackRock, Wag!

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Marlena Haddad

US hedge fund Fir Tree attempts to short tether: report

Fir Tree Capital Management is betting against tether, claiming the stablecoin issuer’s commercial paper holdings are bound to lose value.

The post US hedge fund Fir Tree attempts to short tether: report appeared first on The Block.

HeartBeam partners with Triple Ring for portable heart attack detector

The collaboration includes the design and development of a telehealth solution 3D vector ECG collection device.

The post HeartBeam partners with Triple Ring for portable heart attack detector appeared first on Medical Device Network.

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