Blockchain
HEYBIT, a Digital Asset Robo-advisor, announced their Launch of Global Service
HEYBIT, a digital asset robo-advisor platform founded in 2018 by “Uprise,” a Korean fintech startup, announced it will hold an opening event to commemorate the launch of their global service.
In commemoration of entering the global market, HEYBIT offers the stable coin of 10 USDT (Tether) worth $10 upon initial subscription. In addition, if a user subscribes through the invitation code generates investment returns, 10% of the HEYBIT fee will be paid to the recommender and the new subscriber.
HEYBIT is a digital asset robo-advisor service with the aim of providing easy, convenient, and stable returns in volatile digital asset market. HEYBIT, Binance’s official partner, uses a quant algorithm-based strategy that can reliably handle high-frequency transactions and control volatility in digital assets to generate long-term profits.
To date, the cumulative transaction volume through HEYBIT is over $20 billion, and the cumulative return from November 2020 to December 2021 reached a rate competitive with other similar services. During the same period, MDD (Max DrawDown) was -11.25%, showing an effective defense of the decline compared to merely holding coins. As such, minimizing losses as much as possible while steadily making profits are the key strength of HEYBIT’s ForeFront strategy.
In recognition of its technological prowess, HEYBIT has won the grand prize at the startup program organized by the Korea UP Creative Audition and the Korea Development Bank (KDB) held in the same year after its establishment in 2018. Furthermore, HEYBIT was certified as “Future Unicorn” and “Technology Innovation Innobiz” through a program by the Ministry of SMEs and Startups, a Korean government agency established for SME policy.
Moreover, its business value and technology were recognized by a number of institutions such as Hana Bank, one of the largest banks in Korea, by signing R&D cooperation for financial services with robo advisor solutions. Also, it received 12 billion won (about $10 million) in investment through seed and series B round investment by 2020 and succeeded in attracting an additional $20 million dollars through series C round in 2021, increasing the total amount of investment attraction to $30 million dollars.
Now, HEYBIT is planning to expand its market share by driving the momentum to enter the global market. Visit HEYBIT’s official website for details:
SOURCE HEYBIT
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This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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