Saturday, March 6, 2021
Vts-Block
No Result
View All Result
  • Home
  • Blockchain
  • Cryptocurrency
  • Bitcoin
  • Crypto vs Bitcoin
  • Dogecoin
  • Litecoin
  • Ethereum
  • Ripple
  • ICO
  • BTC
  • Home
  • Blockchain
  • Cryptocurrency
  • Bitcoin
  • Crypto vs Bitcoin
  • Dogecoin
  • Litecoin
  • Ethereum
  • Ripple
  • ICO
  • BTC
No Result
View All Result
Vts-Block
No Result
View All Result
Home Ethereum

Ether Capital Corporation Reports Third Quarter 2020 Financial Results

by admin
November 13, 2020
in Ethereum
0
Ether Capital Corporation Reports Third Quarter 2020 Financial Results
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


TORONTO–(BUSINESS WIRE)–Ether Capital Company (“Ether Capital” or the “Firm”) (NEO:ETHC) immediately reported its monetary outcomes as at and for the three and 9 months ended September 30, 2020.

As at September 30, 2020:

  • The whole worth of the Ether held by the Firm was $15.3 million
  • The whole belongings of the Firm have been $18.8 million
  • The Firm had an gathered deficit of $27.3 million, the vast majority of which represents a non-cash unrealized loss on the worth of Ether
  • The Firm recorded earnings of $0.24 per widespread share for the quarter ended September 30, 2020, the vast majority of which represents a internet achieve on the truthful worth remeasurement of Ether

As at November 12, 2020, the overall worth of the Ether held by the Firm was $19.4 million.

Brian Mosoff, Ether Capital’s CEO, mentioned: “The primary part of Ethereum’s community improve has begun with the discharge of the deposit contract for Ethereum’s ‘beacon chain’, which goals to carry proof of stake consensus to Ethereum. We anticipate that the beacon chain will launch earlier than the tip of the yr. Proof of stake permits holders of Ether to carry out Ethereum community validation companies with a view to earn an Ether-denominated return on such companies. Ether Capital might allocate a portion of its Ether holdings to community validation and start incomes a yield on such allocation. As we get nearer to the launch of the beacon chain, we are going to replace our shareholders sooner or later on our plans regarding proof of stake.”

“Ethereum has seen spectacular exercise up to now in 2020, with decentralized finance functions being a key focus,” continued Mr. Mosoff. “Based on information from Messari and CoinMetrics, Ethereum is on tempo to settle over US$1 trillion in transactions in 2020, reflecting an all-time excessive for the community which launched solely 5 years in the past.”

For condensed consolidated interim monetary statements for the quarter ended September 30, 2020, please seek advice from the Firm’s web site at http://ethcap.co/. The Firm additionally gives usually up to date disclosure of its investments within the buyers part of its web site.

The Firm’s condensed consolidated interim monetary statements, together with the accompanying administration’s dialogue and evaluation have been filed on the System for Digital Doc Evaluation and Retrieval (“SEDAR”) and could also be considered beneath the Firm’s profile at www.sedar.com.

About Ether Capital Company

Ether Capital is a Toronto-based know-how firm whose long run goal is to turn into the central enterprise and funding hub for the Ethereum and Net 3 ecosystem. Ether Capital has invested in Ethereum’s native utility token “Ether” as a strategic asset, and selectively invests in initiatives, protocols and companies that leverage the Ethereum ecosystem and Net 3 applied sciences. Based by a extremely skilled Board of Administrators and administration workforce, Ether Capital has the expertise and relationships to help companies and put money into industry-shifting disruptive applied sciences. For extra info, go to http://ethcap.co/.

This press launch is just not a suggestion of securities on the market in america, and the securities described on this press launch might not be supplied or offered in america absent registration or an exemption from registration. The securities haven’t been and won’t be registered beneath america Securities Act of 1933. The NEO Alternate doesn’t settle for duty for the adequacy or accuracy of this launch.

Ahead-Wanting Info

This press launch comprises “forward-looking info” inside the which means of relevant Canadian securities laws. Ahead-looking info consists of, however is just not restricted to, statements in regard to the Ethereum platform and protocol, the timing and implications of Ethereum’s proof of stake community improve (together with launch of the beacon chain), the Firm’s plans with respect to offering future updates on proof of stake developments, the potential for Ether Capital to earn a yield on a portion of its Ether holdings that it devotes to community validation and its plans in respect thereof, the marketplace for crypto-assets, the anticipated transaction settlement quantity over Ethereum in 2020, and the Firm’s enterprise, plans and technique. The Firm cautions the reader to not place undue reliance upon any such forward-looking statements, which converse solely as of the date they’re made. Usually, however not all the time, forward-looking info might be recognized by way of forward-looking terminology similar to “plans”, “expects” or “doesn’t count on”, “is predicted”, “funds”, “scheduled”, “estimates”, “forecasts”, “intends”, “on tempo”, “anticipates”, or “doesn’t anticipate”, “believes”, and related expressions or state that sure actions, occasions or outcomes “might”, “might”, “would”, “ought to”, “may”, or “will” be taken, happen or be achieved.

Ahead-looking statements are based mostly on info accessible to administration on the time they’re made, administration’s present plans, estimates, assumptions, judgments and expectations. Ahead-looking info is topic to recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Firm to be materially totally different from these expressed or implied by such forward-looking info. Such dangers and uncertainties embody, however will not be restricted to: common enterprise, financial, aggressive, geopolitical, technological and social uncertainties; uncertainties in regard to the event and acceptance of blockchain know-how (together with proof of stake and Ethereum 2.0), and the Ethereum platform and anticipated timing and affect of the Ethereum community improve, the affect of the outbreak of the COVID-19 coronavirus on the Firm, and the opposite threat components mentioned within the Firm’s Annual Info Kind dated March 25, 2020, the Danger Elements part in its most not too long ago filed administration’s dialogue and evaluation and its different filings accessible on-line at www.sedar.com. Though the forward-looking info contained on this press launch is predicated on assumptions that the Firm believes to be cheap on the date such statements are made, there might be no assurance that the forward-looking info will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such forward-looking info. As well as, the Firm cautions the reader that info supplied on this press launch is supplied with a view to give context to the character of a number of the Firm’s future plans and might not be acceptable for different functions. Accordingly, readers mustn’t place undue reliance on forward-looking info. The Firm doesn’t undertake to replace or revise any forward-looking info, besides in accordance with relevant securities legal guidelines.



Source link

  • Trending
  • Comments
  • Latest
Christie’s to auction Beeple NFT art and will accept ether as payment

Christie’s to auction Beeple NFT art and will accept ether as payment

February 19, 2021
(GBTC) – Silicon Valley Payments Company Ripple’s Cryptocurrency XRP Up 133% In A Week

(GBTC) – Silicon Valley Payments Company Ripple’s Cryptocurrency XRP Up 133% In A Week

November 24, 2020
Everything you need to know about Crypto Trading

Everything you need to know about Crypto Trading

October 19, 2020
Plant Milk Market(COVID-19 impact) Growth Report 2020 By Ripple Foods, Danone, WhiteWave Foods, Archer-Daniels-Midland – BCFocus

Plant Milk Market(COVID-19 impact) Growth Report 2020 By Ripple Foods, Danone, WhiteWave Foods, Archer-Daniels-Midland – BCFocus

November 9, 2020
Curious about Bitcoin? BBB outlines common cryptocurrency scams | Community Columns

Curious about Bitcoin? BBB outlines common cryptocurrency scams | Community Columns

0
Making a case for Bitcoin’s survival in the greater market

Making a case for Bitcoin’s survival in the greater market

0
XRP and blockchain adoption will explode in the next months

XRP and blockchain adoption will explode in the next months

0
Cybersecurity and Cryptocurrency Prodigy Helping Institutions With Eradication of Ransomware

Cybersecurity and Cryptocurrency Prodigy Helping Institutions With Eradication of Ransomware

0
Curious about Bitcoin? BBB outlines common cryptocurrency scams | Community Columns

Curious about Bitcoin? BBB outlines common cryptocurrency scams | Community Columns

March 6, 2021
Ripple Testing Private Version of XRP Ledger To Power Central Bank Digital Currencies

Ripple Testing Private Version of XRP Ledger To Power Central Bank Digital Currencies

March 6, 2021
Market Wrap: Bitcoin Stuck Below $50K, and Blockchain Data May Show Why

Market Wrap: Bitcoin Stuck Below $50K, and Blockchain Data May Show Why

March 6, 2021
John McAfee charged with securities fraud for ‘pump and dump’ cryptocurrency scheme

John McAfee charged with securities fraud for ‘pump and dump’ cryptocurrency scheme

March 6, 2021

Recent News

Curious about Bitcoin? BBB outlines common cryptocurrency scams | Community Columns

Curious about Bitcoin? BBB outlines common cryptocurrency scams | Community Columns

March 6, 2021
Ripple Testing Private Version of XRP Ledger To Power Central Bank Digital Currencies

Ripple Testing Private Version of XRP Ledger To Power Central Bank Digital Currencies

March 6, 2021

Live Price

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$49,041.00
4.20%
ethereum
Ethereum (ETH)
$1,597.06
9.43%
cardano
Cardano (ADA)
$1.15
2.06%
tether
Tether (USDT)
$1.00
0.40%
Binance Coin
Binance Coin (BNB)
$229.79
2.29%
Polkadot
Polkadot (DOT)
$34.11
3.39%
ripple
XRP (XRP)
$0.468260
2.99%
Uniswap
Uniswap (UNI)
$28.92
6.47%
litecoin
Litecoin (LTC)
$184.30
7.41%
chainlink
Chainlink (LINK)
$27.90
6.26%
  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

© 2020 Vts-Block

No Result
View All Result
  • Home
  • Blockchain
  • Cryptocurrency
  • Bitcoin
  • Crypto vs Bitcoin
  • Dogecoin
  • Litecoin
  • Ethereum
  • Ripple
  • ICO
  • BTC

© 2020 Vts-Block