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TISE Reports Record-Breaking First Half Despite Covid-19 Crisis

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The International Stock Exchange (TISE) announced on Thursday that there were more new listings on TISE during the first six months of 2020 than in the same period of any other prior year since the business was established in 1998.

The announcement revealed that there were 390 securities admitted to the Official List of TISE during the first half of this year, despite the backdrop of the coronavirus global pandemic. This represents a rise of more than 60% on the same time in 2019.

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“Last year the uncertainty created largely by Brexit led to subdued levels of listing activity during the first half of 2019. This then gave way to a much stronger performance during the second half of last year which continued into the first quarter of 2020. What has been hugely pleasing is that the volumes of listing applications have continued to hold up unexpectedly well during the second quarter of this year, despite the continuing impact of COVID-19 on the broader economy,” Fiona Le Poidevin, CEO of The International Stock Exchange Group (TISEG), said.

Overall, at 30 June 2020, the total number of securities listed on TISE had grown to 3,030 and the total market value of those listed securities had risen to more than £400 billion.

Le Poidevin added that what TISE has seen during the second quarter is a pipeline of business particularly linked to completed private equity and real estate transactions. She added that this has been increasingly mixed with listings related to corporate refinancing, whether opportunistic or essential, as well as greater proportions of securitisations and high yield bonds.

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Covid-19 impact

“What remains to be seen is whether any delayed impacts from Covid-19 or any resurgent uncertainty surrounding the future UK-EU relationship result in a slowdown in listing activity during the second half of the year,” Le Poidevin said. “What has been hugely pleasing is that the volumes of listing applications have continued to hold up unexpectedly well during the second quarter of this year”

Le Poidevin is set to leave TISE on 27 July, after more than five and a half years at the helm, to take up a portfolio of non-executive directorships.

She took up the role as TISEG CEO in January 2015. Shortly thereafter, the company opened its office in Jersey and in June 2016, the company listed on TISE. Since that time, the group has opened an office in the Isle of Man and rebranded to reflect both the geographical expansion and the international nature of the client base. The Exchange has launched market segments for trading companies headquartered in the Channel Islands and the Isle of Man, as well as a green market segment, TISE GREEN, to raise the visibility of investments aimed at financing the protection or enhancement of the environment.

During Le Poidevin’s tenure, TISE has grown its share of UK Real Estate Investment Trusts (REITs) to more than a third of the market and it has also become a European listing venue for high yield bonds. The total number of securities listed on TISE has grown from 2,274 at the end of December 2014 to 3,030 at the end of June 2020, with a total market value of more than £400 billion. In that period, there has also been approximately a 50% rise in the number of full-time employees across the business, according to TISE.

“I am proud of everything we have achieved as a team in the last few years and I know I am leaving the business in good shape and in good hands,” Le Poivedin concluded.

Source: https://www.financemagnates.com/institutional-forex/exchanges/tise-reports-record-breaking-first-half-despite-covid-19-crisis/

Blockchain

Venezuela May Soon Be Collecting Taxes in Crypto

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The Bolivarian Council of Mayors in Venezuela signed the so-called “National Tax Harmonization Agreement” for 305 municipalities in the country, including the Petro (PTR) as a means to collect payments of taxes and sanctions.

The cryptocurrency is becoming increasingly widely used as the result of a new campaign. 

According to the government, the vice president of Venezuela, Delcy Rodríguez, will be in charge of implementing a single registry of taxpayers through a digital consultation tool.

She will also be in charge of creating an information exchange and monitoring system for companies to record payments in the state cryptocurrency.

In Venezuela, there are 335 mayors, with 91% of them under the mandate of the United Socialist Party of Venezuela, PSUV. Only 30 mayors are led by opponents of the regime of Nicolás Maduro. 

The non-Maduro-supported municipal governments are continuing to collect tax payments in the Venezuelan fiat currency, Bolívar, as some do not have the appropriate technology to process Petro payments.

Vice President Rodríguez commented in the announcement:

“It is the simplification of procedures, making the State’s administrative activity at the service of the people more efficient, of the economic sectors that stimulate economic activity in the productive and commercial areas, framed in this week of flexibility that began on Monday.”

The Venezuelan government announced on June 11 that almost 15% of all fuel payments at petrol stations across the country were made using the Petro (PTR). This rise comes during the first week of the new state-backed plan to promote widespread use of the token.

According to reports from local media outlets, 40% of the PTR transactions passed through the foreign petrol stations.

Source: https://cointelegraph.com/news/venezuela-may-soon-be-collecting-taxes-in-crypto

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Animoca Targets Non-Crypto Gamers by Developing Big Brand Games

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While investment is heating up in the blockchain gaming sector, a common criticism of crypto-powered games has been how to secure users from outside of the cryptocurrency space.

Blockchain gaming powerhouse, Animoca Brands, believes that acquiring mainstream games with loyal players and exposing them to the benefits of blockchain and distributed ledger technology (DLT) is the best way to attract new audiences into crypto.

Cointelegraph spoke to Yat Siu, the chief executive of Animoca Brands, to learn about his firm’s strategy for bridging the gap between the mainstream gaming and crypto worlds.

Animoca Brands has quickly emerged as a leading firm within the crypto gaming sector, securing a global licensing agreement with Formula 1 ahead of its F1 Delta Time release, and announcing a $3 million initial exchange offering (IEO) for its title The Sandbox on Binance’s launchpad last week.

Siu described The Sandbox as a prime example of how strategic acquisitions have allowed Animoca to capture non-crypto-native audiences and expose them to blockchain technologies.

“When we do acquisitions, we’re not buying companies that are necessarily blockchain-related,” Siu said. “When we acquired the company Excel, it was a traditional mobile game developer that had the Sandbox game that wasn’t yet fully on blockchain, although they had the vision to go there,” he continued.

“We’re not just acquiring a talented team that could make stuff on blockchain, but we are also acquiring customers that already play the game — and these are gamers that we can transfer over.“

A stake in a game’s success

Siu emphasized that Animoca’s seeks to acquire games that “already have a captive audience that is already generating revenue [and] already loving the product as it is.”

“By giving it the benefits of blockchain technology, those gamers will get an additional benefit that we think is very powerful,” he added.

Siu described blockchain as driving a disruption to the gaming industry akin to the emergence of online gaming, but with very different concepts around “ownership and value.”

“Ownership allows [gamers] to actually have a stake in the success of the game.”

Source: https://cointelegraph.com/news/animoca-targets-non-crypto-gamers-by-developing-big-brand-games

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Flipstarter Campaign Launched to Create Viral BCH Videos for Normies

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Bitcoin Cash (BCH) advocate and CEO of BitcoinBCH.com, Hayden Otto, has launched a fundraising campaign to create viral videos promoting BCH to mainstream audiences — after failing to win over crypto converts to the cause.

The last video produced by Otto garnered more than 100,000 views across various social platforms. He was also behind a controversial viral video last year showing a Bitcoin double spending exploit of the Binance-backed TravelbyBit payment network

The campaign aims to raise 650 BCH (nearly $180,000) and has garnered 192.52 BCH (roughly $53,000) in donations already in the first 48 hours.

The campaign is hosted on Flipstarter, a BCH-powered fundraising platform that has facilitated more than 2,900 BCH worth of contributions toward various initiatives in support of  Bitcoin Cash development.

The funds will be used to create videos with a budget of either $5,000 or $10,000 each to be posted to Youtube, Lbry.io, and Bitchute, alongside other “alternative streaming sites.” 

Fund marketing, not development

Otto told Cointelegraph he decided to start the campaign after noting several BCH supporters “saying that they would prefer to donate to Bitcoin Cash marketing rather than development.”

Otto has spearheaded numerous marketing initiatives for BCH over the past three years, including “producing video content for online audiences, […] running meetups, or putting up signs/billboards.”

Otto asserted that financial support from the community would allow him to “supercharge” his promotional efforts. 

BitcoinBCH.com’s fleet of promotional vehicles

BitcoinBCH.com’s fleet of promotional vehicles

Otto emphasized the importance of exposing non-crypto-native audiences to Bitcoin Cash, telling Cointelegraph: “One mistake Bitcoin Cash supporters have made is that they have attempted to convert people to Bitcoin Cash that are already involved in cryptocurrency and ingrained in their beliefs.”

“There has been some success with getting this type of person on board […], but the target audience is too small,” he said.

Otto added that many “people who are already involved in crypto […] are price speculators” who desire “to make a quick buck on hype and things that’ll never achieve any real-world adoption.”

“It is far more effective to target individuals and businesses who have not yet experienced cryptocurrency, which is like 99% of the people on the planet.”

The Bitcoin Cash community partnered with rapper Lil Windex to release a music video and single title Bitcoin Ca$h in 2018. The video has more than 1.5 million views on YouTube.

Source: https://cointelegraph.com/news/flipstarter-campaign-launched-to-create-viral-bch-videos-for-normies

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