Blockchain
Firstrade Donates Pallets Of Bottled Water To Support Hurricane Ian Relief Efforts
Orlando, Florida–(Newsfile Corp. – October 26, 2022) – Hurricane Ian made landfall west of Fort Myers, Florida on September 28 as a Category-4 storm, causing many fatalities and catastrophic damage to cities in its path. In the aftermath, many Florida residents experienced displacement, flooding, power outages and damage to their homes.
Firstrade send pallets of water to Fort Myers community members
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8342/141986_1d68959ab496a96a_001full.jpg.
Firstrade worked closely with the area’s main bottled water distributor, Blue Triton, and the largest church in Fort Myers (First Assembly of God – an official relief distribution center) to reach distressed communities in the Fort Myers area and supply them with 23 pallets of drinkable water.
“The West Coast cities such as Fort Myers were devastated. In the first three days of the aftermath, we were unable to reach any agency, hospital, news media, or even local first responders to learn how we could help. We saw on the news that there was no supply of bottled water for miles around Fort Myers and urgent requests for donations were going unmet-so we took matters into our own hands.”
“Working directly with the local community enabled us to cut through the red tape and normal delays that occur in a crisis to get the relief to the affected communities sooner,” said Jeff Huang, CIO of Firstrade.
The staff at Blue Triton were so moved that they worked around the clock to locate supplies for Firstrade. On the day of delivery, a total of 23 pallets were delivered instead of 11 pallets that were expected.
The cleanup and restoration process is expected to take some weeks, however Firstrade will continue to support the Florida community during these testing times. The new Orlando FL branch and aforementioned support to the Floridian community is the start of continued initiatives in the state, to help the community get back on its feet after the devastation brought by Ian.
About Firstrade Securities
Firstrade is a leading online brokerage offering commission-free trading on stocks, ETFs, options, mutual funds and fixed income through its mobile apps and web platform. It offers a full line of investment products, no-fee IRA retirement services, advanced tools to help self-directed investors take control of their financial future and has the lowest cost among other brokerages. Since 1985, Firstrade has been a member of the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). For more information, visit https://www.firstrade.com/.
Firstrade began an expansion into Florida, and opened the first FL branch in Orlando in April of this year. Firstrade FL branch was opened after launching cryptocurrencies on its brokerage platform, allowing customers to trade cryptocurrencies while having access to stocks, ETFs, mutual funds, and options – all under one roof.
Cryptocurrency trading is offered by Apex Crypto LLC. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Firstrade Crypto LLC. Please understand the risks before trading: apexcrypto.com/legal.
Angela Huang
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/141986
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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