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Newly-Minted Unicorn Outreach Looks to Next Phase of Growth with the Addition of Three Key Executives

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Outreach, the leading sales engagement platform, is adding to its leadership ranks as three new executives join the fast-growing Seattle startup. Margaret Arakawa has joined as Chief Marketing Officer, Amritansh Raghav now serves as the Executive Vice President of Product and Engineering, and Abhi Abhishekserves as the company’s Vice President of Voice engineering for the platform.

“Outreach has already experienced incredible growth, but we’ve been looking to add leaders who will help get us to that next phase,” said Manny Medina, Chief Executive Officer of Outreach. “Finding leaders who are the right fit for our culture and have the right experience is key. Margaret, Amritansh, and Abhi are already proven leaders in their respective fields and their experience will be instrumental in shaping the growth of the platform. Under their leadership, we are continuing to scale our marketing efforts and further our technological capabilities in artificial intelligence as we deliver a complete system of action through a single pane of glass for all customer-facing teams.”

Arakawa brings significant experience in building brands and delivering revenue growth. She joins Outreach from Microsoft where she spent almost 20 years in positions of increasing responsibility in the global Windows, Security, and Cloud & Enterprise business groups. Most recently, she was responsible for leading the multi-billion dollar U.S. Windows and Surface businesses. At Outreach, Arakawa oversees all aspects of marketing including brand, communications, demand generation, and product marketing. Arakawa earned a Bachelor of Science degree from The Wharton School and a Master of Business Administration degree from the Kellogg School of Management. She and her husband are passionate fundraisers for the Leukemia & Lymphoma Society’s Firefighter Stairclimb, which raises money to combat blood cancers – the most common cancer impacting children. Arakawa lives in the Seattle area with her husband and 11-year-old son.

Raghav is well-versed in both the large enterprise and startup world. He spent significant time at Microsoft, including overseeing Skype as the Corporate Vice President of Product and Engineering. He was also in a leadership role at Fuze as the Senior Vice President of Engineering and Product, and at Google as the Engineering Director of the Google Compute Engine. At Outreach, Raghav is responsible for overseeing the Product, Engineering and Design organizations. He has a Bachelor’s degree in electronics and communication Engineering from IIT Varanasi in India and a Master’s degree in electrical engineering from Binghamton University. Raghav currently lives in Palo Alto, CA with his family, including his two sons, ages 11 and 7.

Abhishek has led product engineering organizations for more than 15 years. Most recently, he served as head of engineering and applied science for the Ambient Intelligence solution area in the Business Artificial Intelligence organization at Microsoft. Throughout his career at Microsoft, he is most proud of his work on Skype Translator, a groundbreaking technology that transcended boundaries of real-time human-computer interaction. At Outreach, Abhishek’s knowledge of voice infrastructure and applied AI will help Outreach deliver a best-in-class intelligent voice offering to help Outreach in leading the development and application of AI for customer-facing team.

 

SOURCE Outreach

Blockchain

Riot Blockchain Announces September 30, 2019 Quarterly Results

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Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot” or the “Company”) announced the filing of its September 30, 2019 Quarterly Report on Form 10-Q, which can be viewed on the Company’s website or at SEC.gov.

Riot today announced financial results for its period ended September 30, 2019. The Company posted quarterly revenue of $1.7 million and raised a total of $23.6 million through its at-the-market offering (“ATM”) during the nine months ending September 30, 2019.

Q3 Highlights:

  • Generated approximately $1.7 million in revenue on the production of 157.2 bitcoin, and 400.2 litecoin for the quarter. This compares to Q3/18 revenues of $2.3 million on the production of 319.3 bitcoin, and 1,182.2 litecoin. The industry faced continuing increases in the bitcoin difficulty index, increasing 61% during the latest quarter, which negatively affected BTC production and reported revenues.
  • The average price of bitcoin for the latest quarter was $10,382, compared to $8,297 in Q2/19 and $6,856 in Q3/18.
  • Cash and digital currencies as of September 30, 2019 totaled approximately $18.3 million.
  • The Company received gross proceeds from the sale of shares of its common stock under its ATM of approximately $23.6 million at a weighted average sales price of $3.10 per share during the nine months ended September 30, 2019.
  • The Company’s financial position improved across the three and nine months ended September 30, 2019, with the Company reporting working capital of $16.5 million at September 30, 2019 as compared to a working capital deficit of $(4.3) million at December 31, 2018. Total stockholders’ equity also improved to $28.2 million at period end, an increase of $23.7 million over the December 31, 2018 balance.
  • Gross margin percent, computed as mining revenues in excess of cost of revenues (exclusive of depreciation and amortization), improved to 14% from 13% in the three-month periods ended September 30, 2019 and 2018, respectively. Gross margin percent was 18% and 35% in the nine-month periods ended September 30, 2019 and 2018, respectively.
  • Reduction in the Company’s selling, general, and administrative expenses (“SG&A Expenses”) to $1,762,000 in Q3/19, from $5,970,000 in Q3/18, a 70.5% decrease arising from ongoing expense reductions. SG&A Expenses reduced to $7,140,000 from $16,314,000 in the nine-month periods ended September 30, 2019 and 2018, respectively.
  • Net loss in the three-month periods ended September 30, 2019 and 2018, respectively, totaled approximately $(1.8) million and $(6.2) million, or $(0.08) and $(0.46) /share. Net loss in the nine-month periods ended September 30, 2019 and 2018, respectively, totaled approximately $(16.6) million and $(46.6) million, or $(0.93) and $(3.56) /share.

Recent business update and highlights:

Riot has conducted two in-person meetings with its newly established Advisory Board over the past ninety days to begin and advance a dialog covering the Company’s bitcoin mining operations, efficiencies and possible strategic next steps.  Riot previously announced establishment of an Advisory Board comprised of well-recognized creative leaders with a wealth of operational and strategic experience from across the blockchain space including: bitcoin software development, node projects, bitcoin education, start-up advisory, and venture capital/angel investing. The Advisory Board has been established to assist the Company in its strategic mission and enhance shareholder value through the advisors’ industry-leading insights and vast network of innovators and pacesetters.

The previously disclosed Securities and Exchange Commission investigation associated with the subpoena received by the Company in April 2018 is still ongoing, and the Company has been cooperating with the SEC in that investigation.

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Blockchain

Galaxy Digital Serves as Co-Manager of Silvergate’s Initial Public Offering

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Galaxy Digital Holdings Ltd. (TSXV: GLXY; Frankfurt: 7LX) (“Galaxy Digital” or the “Company”) today announced that Galaxy Digital Advisors LLC served as co-manager of Silvergate Capital Corporation’s initial public offering of 3,333,333 shares of its Class A common stock at a public offering price of $12.00 per share.  Silvergate’s common stock trades under the trading symbol “SI” on the New York Stock Exchange.

“Galaxy Digital Advisors is pleased to have served as co-manager of Silvergate’s initial public offering,” said Ian Taylor, Head of Advisory Services at Galaxy Digital.  “We are committed to building long-term relationships with leading companies in the digital asset and blockchain industry and leveraging  our expertise to complete additional offerings for an array of firms going forward.”

 

SOURCE Galaxy Digital Holdings Ltd

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eToroX Adds Dash, USDC, USDT and 5 New Stablecoins

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eToroX, the blockchain subsidiary of global investment platform eToro, has added five new fiat stablecoins, a new cryptoasset, two further established stablecoins and a crypto-commodity pair, signalling its rapid growth, having only launched only six months ago. There are now 26 tradable assets available on the exchange.

The new assets announced today are:

  • Turkish Lira (TRYX), Polish Zloty (PLNX), South African Rand (ZARX), Hong Kong Dollar (HKDX), and Singapore Dollar (SGDX)
  • Peer-to-peer cryptoasset, Dash
  • Circle’s USDC and Tether’s USDT stablecoins
  • GOLDX/BTC pairing

eToroX is committed to supporting the needs of algo traders seeking to diversify into cryptoassets on a secure and regulated platform. These new additions also demonstrate eToroX’s focus on Asian markets.

Doron Rosenblum, Managing Director of eToroX commented, “We see the addition of USDC and USDT as a way for eToroX to further meet the needs of professional and institutional algo traders, particularly in the Asian markets. Adding five new stablecoins, plus the addition of the Dash cryptoasset, demonstrates our ongoing commitment to bridge the gap between the world of blockchain and traditional financial markets.”

GoldX – the tokenized gold stablecoin – is now available as a base currency for a trading as a pair with Bitcoin (GOLDX/BTC). Increasingly, bitcoin is being compared with gold as a store of value. Gold is viewed as a safe haven asset, and bitcoin is increasingly being referred to as ‘digital gold’.

Rosenblum continued: “Our Gold/Bitcoin pair provides a means to trade between the old and the new stores of value, making Gold/BTC an extremely special and interesting combination.

With today’s new additions, eToroX has added a total of 96 trading pairs since its inception in April this year, and currently offers seventeen eToroX stablecoins in addition to USDC and USDT.

The pairs include: USDEX/ZARX, ZARX/JPYX, EURX/PLNX, USDEX/PLNXUSDEX/HKDXUSDEX/TRYXUSDEX/SGDXETH-USDTXRP-USDTLTC-USDTBCH-USDTXLM-USDTEOS-USDTTRX-USDTBTC-USDCETH-USDCXRP-USDCLTC-USDCBCH-USDCXLM-USDCEOS-USDC, and TRX-USDC.

As eToroX continues to open up the world of trading on the blockchain, more trading pairs will be announced. eToroX will also be adding additional cryptoassets and stablecoins to the exchange in the coming months.

 

SOURCE eToro

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