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The Leading Cryptocurrencies: Bitcoin Alternatives

Bitcoin was the cryptocurrency that started it all, and it is also by far the most popular digital currency to date, holding its title...

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IamUkraine studio Launches NFT collection to pave the way towards an iconic artform to aid Ukraine

IamUkraine studio Launches NFT collection to pave the way towards an iconic artform to aid Ukraine
The IamUkraine studio has announced the release of its NFT collection, which will pave the way for an iconic creative form to benefit Ukraine. The collection, which is aimed at improving the domestic humanitarian environment, is likely to help the struggling populace. With the debut of the Zelenskyy NFT collection, IamUkraine is elated to announce […]

Bugsnax: Isle of Bigsnax Supersizes Everything I Love About Bugsnax

Bugsnax's Isle of Bigsnax expansion offers a surprising amount of depth, and we got to check out a bit of its funny, unexpected inclusions.

Review Paper Examines Cannabis as a Treatment for Multiple Sclerosis

A team of US-based researchers published a review paper that analyzes the results of studies that have focused on cannabis as a treatment for multiple sclerosis over the past 15 years.

The post Review Paper Examines Cannabis as a Treatment for Multiple Sclerosis appeared first on High Times.

PUBG Developer Krafton Partners with Solana to Develop Blockchain & NFT Games

Crypto Hack PUBG

Korea-based gaming developer and publisher Krafton announced its new collaboration with blockchain platform in a concerted effort to develop Play-to-Earn blockchain and NFT games. Krafton is the name behind popular game titles such as PUBG: Battlegrounds, Thunder Tier One, Elyon, and many more. According to the announcement on March 23, Krafton and Solana Labs signed [...]

The post PUBG Developer Krafton Partners with Solana to Develop Blockchain & NFT Games appeared first on Blockonomi.

VR RPG Ruinsmagus Finds A Publisher, Coming To Quest & PC This Spring

VR JRPG Ruinsmagus has a new publisher and is back on track for a spring release. More details here.

Deloitte Blockchain Survey: Crypto’s continued development

Pre-COVID, cryptocurrency was nonetheless a comparatively unknown commodity in mainstream circles and to common shoppers. Two years into the pandemic (or post-pandemic, can we are saying???), that has modified completely.   Deloitte’s 2021 international blockchain survey highlights the extent of crypto’s emergence – and this survey was carried out just one 12 months into the pandemic, […]

The post Deloitte Blockchain Survey: Crypto’s continued development appeared first on Bitcoin Upload.

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This Algorithm Designs Proteins From Scratch to Accelerate Drug Discovery

protein binders
The proteins that control our lives are like rolling tumbleweeds. Each has a tangled, unique shape, with spiky side-branches dotting its surface. Hidden in the nooks and crannies are the locks to battle our most notorious foes—cancer, diabetes, infections, or even aging—if we can find the right key. We just got a universal key maker. […]

Nanophotonic patterns make scintillators shine brighter

Large increase in light output could lead to better medical imaging

The post Nanophotonic patterns make scintillators shine brighter appeared first on Physics World.

vEmpire DDAO Launches “The Plebeian Council” NFT Series and Native Staking

LONDON –– March 24, 2022 –– vEmpire DDAO (https://v-empire.io/), the largest decentralized Metaverse, GameFi and NFT investment organization, has announced their second NFT series with all new NFT staking, that enables holders to earn passive income launching on March 24th. 

The NFT series will have a total of over 3.7 million unique trait possibilities, but only 4,500 of these will ever be minted. Staked NFTs earn a share of 25% percent of the total game fees earned from “vEmpire: The Beginning” - vEmpire's debut play-to-earn game - paid in $VEMP. NFT holders will further have the opportunity to compound the rewards by staking $VEMP into the DDAO - vEmpire's Democratic Decentralized Autonomous Organization - enabling them to also receive fractional exposure to some of the Metaverse's most promising investment opportunities.

“Enabling our community to not only stake their $VEMP, but also their NFTs is something that we believe is groundbreaking. It opens up a completely new use case for Non-fungible Token technology which will expand vEmpire's ecosystem of investment instruments, once again contributing to lowering the barrier to entry for investment in the Metaverse,” said Dominic Ryder, Founder & CEO of vEmpire. “Investors can now own virtually-tangible assets that provide passive income possibilities, enabling them to receive $VEMP, essentially for free, that they can later compound by staking in the DDAO, while also receiving other incentivised benefits like exposure to the Metaverse's most attractive and lucrative investment opportunities. This changes everything.”

The Plebeian Council'' consists of 4,500 unique and generative Roman-themed NFTs that are hosted on the BNB Chain (formerly known as the Binance Smart Chain). They are the principal assembly of the common people of vEmpire's Metaverse adaptation of ancient Rome, and they will act as their holder's identities and provide unique benefits for their holders within vEmpire's expanding Roman ecosystem. Each NFT will consist of eleven specific traits, which will be randomized to make generative artwork. Traits include background, skin, nose, facial hair, weapons, hands, headware, eyes, mouth, outfit and accessory, and will be minted at 0.5 BNB  for xVEMP Holders (those who have staked VEMP on vEmpire's platform), 0.75 BNB for Whitelisters, and 1 BNB for the public.

For more information please visit www.v-empire.io or @vempireDDAO on Twitter. 

About vEmpire:
vEmpire DDAO is the largest decentralized Metaversal investment organization. They are the world's first application that enables investors to earn interest on their Metaverse cryptocurrency holdings, paying yields in both VEMP (vEmpire's native token) and the original token staked. Alongside this, vEmpire are also currently the largest decentralized virtual real estate owner and developer. vEmpire also operates in the GameFi and NFT sectors and incubates new Metaverse and GameFi projects, as well as hosts virtual events at their world class virtual real estate developments in some of the Metaverse's largest platforms. 

Website || Discord II Twitter II Medium

###

Media Contact:

Press Contact, Transform Group: vempire@transformgroup.com 

vEmpire DDAO Founder, Dominic Ryder: romulus@v-empire.digital

VCREDIT Announces a Final Dividend of HK15 cents

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HONG KONG, Mar 24, 2022 - (ACN Newswire) - VCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer finance provider in China, is pleased to announce its audited consolidated results for the year ended 31 December 2021 (the "Year").

During the Year, the Group's total income increased significantly by 34.4% year-on-year to RMB3,458 million (2020: RMB2,573 million). The Group successfully achieved a turnaround, with net profit of RMB1,179 million (2020: net loss of RMB870 million). The Group is committed to creating sustainable investment returns for its shareholders, sharing the fruits of success in its operations. Therefore, following the declaration of dividend for the first time during its interim results, the Board has recommended a final dividend of HK15 cents per share for the Year. Together with the interim dividend and special dividend totalling HK20 cents per share already paid out, the full year dividend was HK35 per share.

Although the COVID-19 pandemic and evolving macro-economic environment brought challenges and uncertainties, VCREDIT delivered an outstanding operating performance and promising financial results during the Year driven by its technology-focused risk management and dynamic operational strategies. As a result of the recovery of the macro economy in China, the loan origination volume achieved significant growth, coupled with the Group's strategies in migrating to a higher-quality borrower and borrower acquisition model, the Group successfully improved its overall asset quality, leading to a significant increase in loan facilitation service fees by 115.9% to RMB1,540 million. The interest income amounted to RMB1,972 million, remained at a stable level as compared to the previous year.

The Group primarily offers two credit products through its pure online loan origination processes, including credit cards balance transfer products and consumption credit products, both of which are installment-based. For the Year, the total number of transactions was 3.4 million. The average term of the Group's credit products was approximately 9.4 months and the average loan size was approximately RMB11,965. The Group constantly adjusted its risk management and credit policies to maintain a prudent risk approach and efficiency of operations, so as to deliver outstanding business growth and a controllable credit risk performance.

Both quantity and quality of the customer base witnessed remarkable growth
As a result of its proactive management, enhanced communication channels, focused marketing and higher profile brand recognition, the Group successfully expanded its user base. The number of registered users of VCREDIT reached the level of "over 100 million" and increased to 112.5 million during the Year, which also led to a significant increase in its loan facilitation volume. Meanwhile, with the application of big data customer acquisition models driven by artificial intelligence, the Group improved its operational efficiency and enhanced the target customer identification and market penetration. In addition, the Group continued to refine its online APPs and system to enhance customer experience, which has improved the loyalty and retention rate of customers. Benefitting from this, the Group has successfully transitioned its customer base towards higher quality near-prime and prime borrowers, resulting in a significant improvement in its delinquency levels.

Optimising risk management to enhance asset quality
The Group places great emphasis on technology-focused risk management, iterating its credit risk models through the introduction of multi-dimension data sources, deep analytics of credit risk performance, and sophisticated testing. The Group also constantly adjusted its risk management and credit policies to maintain a prudent risk approach and efficiency of operations to deliver outstanding business growth and a controllable credit risk performance. In addition, the Group's credit risk management capability enables it to maintain its core competitiveness and well positions it to sustain healthy business growth and defend macroeconomic uncertainties. During the Year, through adjusting policy timely and optimising risk models, the Group managed to maintain its first payment delinquency ratio at an industry-wide low level of around 0.42%, which is conducive to improving the Group's asset quality.

Win-win collaboration and close partnership with funding partners
To support the rapid and sustainable development of its businesses, the Group worked closely with 69 external funding partners during the Year, including nationwide joint-stock commercial banks, consumer finance companies and trusts, that constituted a diverse and affluent funding pool. These long-term and stable collaborative relationships have allowed the Group to improve its funding costs. Furthermore, the Group's guarantee companies, third-party guarantee companies and asset management companies form an ecosystem that ensures the Group's funding flexibility and provides protection to its funding partners.

Outlook
Looking ahead, to create sustainable investment returns for its shareholders, the Group will seek to provide shareholders with regular dividends with a normal target payout ratio of between 20% to 30% of the Group's audited consolidated net profits each year, subject however to factors that the Board deems relevant namely the Group's financial results, available distributable reserves and cash position, etc.

At the same time, in order to contribute to further growth in its consumer finance business and fulfilling the financial needs of high-quality customers, the Group will strive to proactively hone its business strategies and upscale its technology, in order to better serve its customers to improve brand recognition. While enhancing risk management capability through ceaselessly evolving technology and artificial intelligence, the Group will strengthen regulated and long-term collaborations with licensed financial institutional partners and other business partners, in hopes of building a wide moat for business development. In addition to growing its existing consumer finance operation organically, the Group will also seek to expand and diversify its business through actively identifying suitable investment and acquisition targets, thus maintaining its competitiveness in an ever-changing macro environment.

About VCREDIT Holdings Limited (2003.HK)
VCREDIT Holdings Limited ("VCREDIT") is a leading player in China's consumer finance industry with over 10 years of track record. The Group caters to prime and near-prime borrowers underserved by traditional financial institutions by offering online consumption products. To match the funding needs for these products, the Group primarily engages institutional funding partners through three types of sustainable and scalable funding structures: trust lending, credit-enhanced loan facilitation and pure loan facilitation. Through such funding structures, VCREDIT provides institutional funding partners with solutions at varying levels of risk discretion and flexible profit-sharing arrangements.

Website: http://www.vcredit.com/


Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comVCREDIT Holdings Limited ("VCREDIT" or the "Group"; stock code: 2003.HK), a leading independent online consumer finance provider in China, is pleased to announce its audited consolidated results for the year ended 31 December 2021 (the "Year").

Cardano Finally Gaining Massive Traction As Upcoming Hydra Upgrade Proves To Be A Game-Changer For ADA

Australia Issues Caveat As 0.6 Million Citizens Lead Global Cardano Ownership
Despite a harsh couple of months, ADA is now going strong with a vigorous community, and with good reasons.

The top 3 coins to consider buying based on crypto trends in 2022

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The crypto industry is always on the move. There are new trends that come…

The post The top 3 coins to consider buying based on crypto trends in 2022 appeared first on Coin Journal.

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