Image Credit: Tara Winstead (Pexels)

How AI is Shaping the Cybersecurity Arms Race

 

The average business receives 10,000 alerts every day from the various software tools it uses to monitor for intruders, malware and other threats. Cybersecurity staff often find themselves inundated with data they need to sort through to manage their cyber defenses.

The stakes are high. Cyberattacks are increasing and affect thousands of organizations and millions of people in the U.S. alone.

These challenges underscore the need for better ways to stem the tide of cyber-breaches. Artificial intelligence is particularly well suited to finding patterns in huge amounts of data. As a researcher who studies AI and cybersecurity, I find that AI is emerging as a much-needed tool in the cybersecurity toolkit.

 

This article was republished with permission from  The Conversation, a news site dedicated to sharing ideas from academic experts. It represents the research-based findings and thoughts of  Sagar Samtani, Assistant Professor of Operations and Decision Technologies, Indiana University.

 

Helping Humans

There are two main ways AI is bolstering cybersecurity. First, AI can help automate many tasks that a human analyst would often handle manually. These include automatically detecting unknown workstations, servers, code repositories and other hardware and software on a network. It can also determine how best to allocate security defenses. These are data-intensive tasks, and AI has the potential to sift through terabytes of data much more efficiently and effectively than a human could ever do.

Second, AI can help detect patterns within large quantities of data that human analysts can’t see. For example, AI could detect the key linguistic patterns of hackers posting emerging threats in the dark web and alert analysts.

More specifically, AI-enabled analytics can help discern the jargon and code words hackers develop to refer to their new tools, techniques and procedures. One example is using the name Mirai to mean botnet. Hackers developed the term to hide the botnet topic from law enforcement and cyberthreat intelligence professionals.

AI has already seen some early successes in cybersecurity. Increasingly, companies such as FireEye, Microsoft and Google are developing innovative AI approaches to detect malware, stymie phishing campaigns and monitor the spread of disinformation. One notable success is Microsoft’s Cyber Signals program that uses AI to analyze 24 trillion security signals, 40 nation-state groups and 140 hacker groups to produce cyberthreat intelligence for C-level executives.

Federal funding agencies such as the Department of Defense and the National Science Foundation recognize the potential of AI for cybersecurity and have invested tens of millions of dollars to develop advanced AI tools for extracting insights from data generated from the dark web and open-source software platforms such as GitHub, a global software development code repository where hackers, too, can share code.

 

Downsides of AI

Despite the significant benefits of AI for cybersecurity, cybersecurity professionals have questions and concerns about AI’s role. Companies might be thinking about replacing their human analysts with AI systems, but might be worried about how much they can trust automated systems. It’s also not clear whether and how the well-documented AI problems of bias, fairness, transparency and ethics will emerge in AI-based cybersecurity systems.

Also, AI is useful not only for cybersecurity professionals trying to turn the tide against cyberattacks, but also for malicious hackers. Attackers are using methods like reinforcement learning and generative adversarial networks, which generate new content or software based on limited examples, to produce new types of cyberattacks that can evade cyber defenses.

Just as AI can generate realistic-looking fake faces from photos of real people, the software can be used to create new forms of malware based on existing code.

Researchers and cybersecurity professionals are still learning all the ways malicious hackers are using AI.

 

The Road Ahead

Looking forward, there is significant room for growth for AI in cybersecurity. In particular, the predictions AI systems make based on the patterns they identify will help analysts respond to emerging threats. AI is an intriguing tool that could help stem the tide of cyberattacks and, with careful cultivation, could become a required tool for the next generation of cybersecurity professionals.

The current pace of innovation in AI, however, indicates that fully automated cyber battles between AI attackers and AI defenders is likely years away.

 

Suggested Reading

Zero-Trust Security: Assume Everyone and Everything on the Internet is Out to Get You

Edge Computing Importance to AI Applications

Robotics and AI Are Being Tapped by Cannabis Growers

The Various Ways to Allocate into “War Investments”

 

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Wednesday, February 16, 2022

Voyager Digital (VYGVF)(VOYG:CA)
Record 2Q22, But Headwinds Likely To Temper 3Q22

Voyager Digital Ltd through its subsidiary, operates as a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The company offers investors execution, data, wallet and custody services through its institutional-grade open architecture platform.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

2Q22 Results. Voyager reported $164.8 million of revenue for 2Q22, in-line with the $165 million guidance. Merchant services added nearly $16 million of overall revenue and staking revenue was $20.7 million. We had projected revenue of $141 million. Voyager reported net income of $2.6 million for the quarter, or $0.01 per share, in-line with consensus, but below our $0.06 estimate.


Key Metrics.  Total verified users grew to 3.2 million as of December 31st, up from 2.15 million on September 30th, while total funded accounts rose to 1.074 million from 860,000 over the same period. Total funded to total verified fell to .336 from .400. We expect a portion of this reflects the hugely successful Mavericks promotion. Net new deposits in the fiscal second quarter totaled $1.04 …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Wednesday, February 16, 2022

Voyager Digital (VYGVF)(VOYG:CA)
Record 2Q22, But Headwinds Likely To Temper 3Q22

Voyager Digital Ltd through its subsidiary, operates as a crypto asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. The company offers investors execution, data, wallet and custody services through its institutional-grade open architecture platform.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

2Q22 Results. Voyager reported $164.8 million of revenue for 2Q22, in-line with the $165 million guidance. Merchant services added nearly $16 million of overall revenue and staking revenue was $20.7 million. We had projected revenue of $141 million. Voyager reported net income of $2.6 million for the quarter, or $0.01 per share, in-line with consensus, but below our $0.06 estimate.


Key Metrics.  Total verified users grew to 3.2 million as of December 31st, up from 2.15 million on September 30th, while total funded accounts rose to 1.074 million from 860,000 over the same period. Total funded to total verified fell to .336 from .400. We expect a portion of this reflects the hugely successful Mavericks promotion. Net new deposits in the fiscal second quarter totaled $1.04 …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

 

Voyager Digital Reports Revenue of US$164.8 Million for the Quarter Ended December 31, 2021

Research, News, and Market Data on Voyager Digital

 

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced revenue and user metrics for the Fiscal 2022 Second Quarter ended December 31, 2021.

“I am excited to report our best quarter ever, doubling our revenue from the previous quarter, and highlighting Voyager’s positioning and revenue opportunity in active markets,” said Steve Ehrlich, CEO and Co-founder of Voyager.  Ehrlich continued, “More importantly, we delivered significant revenue growth and supported a marked increase in customer activity without any material system issues during the quarter, highlighting the steps we’ve taken to build out the scale and security of the Voyager platform in 2021, as we position Voyager for a series of product roll outs in calendar 2022.

“We are a product delivery organization and are taking the necessary steps to continue our revenue diversification strategy,” continued Mr. Ehrlich. “The launch of our Voyager Debit Card, which allows for payroll direct deposits, is the next step in revenue diversification.  We recently added engineering resources to our team which allowed us to add more tokens to the trading platform, and tokens available for staking. By the end of the March quarter, we expect our desktop platform and dark mode will be added to our product offering.  We are also building towards adding equities to the platform, expanding the platform to Europe and Canada, and offering an NFT product and wallet. All of these are significant opportunities for the Company; and with our NFT platform we intend to make the viewing, acquiring and custody of NFTs easy for consumers.”

The Company is pleased to announce the following Fiscal 2022 Second Quarter ended December 31, 2021 Financial and Operational Key Metrics:

•  Revenue for the quarter is $164.8 million with $149.0 million for the historical business and $15.8 million from the Coinify merchant business. The $164.8 million in revenue is up over 4400% compared to $3.5 million for the quarter ended December 31, 2020.
• Revenue for the calendar year ended December 31, 2021 is $415.8 million vs $6.6 million for the calendar year ended December 31, 2020.
• Adjusted EBITDA is $17.4 million for the quarter vs $2.8 million for the quarter ended December 31, 2020.
• Operating Income is $3.2 million for the quarter vs a loss of $2.9 million for the quarter ended December 31, 2020.
• Total verified users on the platform stand at more than 3.2 million, up 49% from 2.15 million at the quarter ended September 30, 2021.
• Total funded accounts exceed 1,074,000 as of December 31, 2021, up 25% from 860,000 at the quarter ended September 30, 2021.
• Total Assets on Platform grew to $5.9 billion from $4.3 billion at September 30, 2021.
• Our headcount increased to 250 as of December 31, 2021, from 231 at September 30, 2021.

All figures are preliminary and unaudited and subject to final adjustment. All amounts are in U.S. dollars, unless otherwise indicated.
 
“I am truly excited about where we are and where we are going. Voyager’s business continues to grow every day and the company is well positioned as a pioneer in the digital asset space,” Ehrlich added.
 
Conference Call Details
Voyager will discuss its Fiscal 2022 Second Quarter results today, February 15, 2022, via a conference call at 8:00 a.m. Eastern Time. To access the webcast, please register by clicking here. A live webcast and a replay will be available on the Investor Relations section of the Company’s website at https://www.investvoyager.com/investorrelations/overview.  
 
 
About Voyager Digital Ltd.
Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 85 different cryptocurrency assets using its easy-to-use mobile application and earn rewards up to 12% annually on more than 35 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides cryptocurrency payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
 
The TSX has not approved or disapproved of the information contained herein.
 
Forward Looking Statements
Certain information in this press release, including, but not limited to, statements regarding future growth and performance of the business, momentum in the businesses, future adoption of digital assets, and the Company‘s anticipated results may constitute forward looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” (or the negatives) or other similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Voyager’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Forward looking statements are subject to the risk that the global economy, industry, or the Company’s businesses and investments do not perform as anticipated, that revenue or expenses estimates may not be met or may be materially less or more than those anticipated, that trading momentum does not continue or the demand for trading solutions declines, customer acquisition does not increase as planned, product and international expansion do not occur as planned, risks of compliance with laws and regulations that currently apply or become applicable to the business or the interpretation or application of laws and regulations by regulatory authorities, and those other risks contained in the Company’s public filings, including in its Management Discussion and Analysis and its Annual Information Form (AIF). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; changes in laws or approaches to regulation, regulatory investigations, enforcement actions or other regulatory action or sanction, the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; changes in the volatility of crypto currency, changes in demand for Bitcoin and Ethereum, changes in the status or classification of cryptocurrency assets, cybersecurity breaches, a delay or failure in developing infrastructure for the trading businesses or achieving mandates and gaining traction; failure to grow assets under management, an adverse development with respect to an issuer or party to the transaction or failure to obtain a required regulatory approval. In connection with the forward-looking statements contained in this press release, the Company has made assumptions that no significant events occur outside of the Company’s normal course of business and that current trends in respect of digital assets continue. Readers are cautioned that the key metrics disclosed in this press release, including, without limitation,  Assets Under Management and trading volumes fluctuate and may increase and decrease from time to time and that such fluctuations are beyond the Company’s control. Forward-looking statements, past and present performance and trends are not guarantees of future performance, accordingly, you should not put undue reliance on forward-looking statements, current or past performance, or current or past trends. Information identifying assumptions, risks, and uncertainties relating to the Company are contained in its filings with the Canadian securities regulators available at www.sedar.com. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. The Company assumes no obligation to provide operational updates, except as required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law. Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not put undue reliance on past performance and current trends.  Refer to definition of certain Non-IFRS terms in Management’s Discussion and Analysis including Assets On Platform, Adjusted EBITDA and Adjusted Working Capital.  All figures are in U.S. dollars unless otherwise noted.
 
SOURCE Voyager Digital, Ltd.

Press Contacts
 
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

 

 

Voyager Digital Reports Revenue of US$164.8 Million for the Quarter Ended December 31, 2021

Research, News, and Market Data on Voyager Digital

 

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced revenue and user metrics for the Fiscal 2022 Second Quarter ended December 31, 2021.

“I am excited to report our best quarter ever, doubling our revenue from the previous quarter, and highlighting Voyager’s positioning and revenue opportunity in active markets,” said Steve Ehrlich, CEO and Co-founder of Voyager.  Ehrlich continued, “More importantly, we delivered significant revenue growth and supported a marked increase in customer activity without any material system issues during the quarter, highlighting the steps we’ve taken to build out the scale and security of the Voyager platform in 2021, as we position Voyager for a series of product roll outs in calendar 2022.

“We are a product delivery organization and are taking the necessary steps to continue our revenue diversification strategy,” continued Mr. Ehrlich. “The launch of our Voyager Debit Card, which allows for payroll direct deposits, is the next step in revenue diversification.  We recently added engineering resources to our team which allowed us to add more tokens to the trading platform, and tokens available for staking. By the end of the March quarter, we expect our desktop platform and dark mode will be added to our product offering.  We are also building towards adding equities to the platform, expanding the platform to Europe and Canada, and offering an NFT product and wallet. All of these are significant opportunities for the Company; and with our NFT platform we intend to make the viewing, acquiring and custody of NFTs easy for consumers.”

The Company is pleased to announce the following Fiscal 2022 Second Quarter ended December 31, 2021 Financial and Operational Key Metrics:

•  Revenue for the quarter is $164.8 million with $149.0 million for the historical business and $15.8 million from the Coinify merchant business. The $164.8 million in revenue is up over 4400% compared to $3.5 million for the quarter ended December 31, 2020.
• Revenue for the calendar year ended December 31, 2021 is $415.8 million vs $6.6 million for the calendar year ended December 31, 2020.
• Adjusted EBITDA is $17.4 million for the quarter vs $2.8 million for the quarter ended December 31, 2020.
• Operating Income is $3.2 million for the quarter vs a loss of $2.9 million for the quarter ended December 31, 2020.
• Total verified users on the platform stand at more than 3.2 million, up 49% from 2.15 million at the quarter ended September 30, 2021.
• Total funded accounts exceed 1,074,000 as of December 31, 2021, up 25% from 860,000 at the quarter ended September 30, 2021.
• Total Assets on Platform grew to $5.9 billion from $4.3 billion at September 30, 2021.
• Our headcount increased to 250 as of December 31, 2021, from 231 at September 30, 2021.

All figures are preliminary and unaudited and subject to final adjustment. All amounts are in U.S. dollars, unless otherwise indicated.
 
“I am truly excited about where we are and where we are going. Voyager’s business continues to grow every day and the company is well positioned as a pioneer in the digital asset space,” Ehrlich added.
 
Conference Call Details
Voyager will discuss its Fiscal 2022 Second Quarter results today, February 15, 2022, via a conference call at 8:00 a.m. Eastern Time. To access the webcast, please register by clicking here. A live webcast and a replay will be available on the Investor Relations section of the Company’s website at https://www.investvoyager.com/investorrelations/overview.  
 
 
About Voyager Digital Ltd.
Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 85 different cryptocurrency assets using its easy-to-use mobile application and earn rewards up to 12% annually on more than 35 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides cryptocurrency payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
 
The TSX has not approved or disapproved of the information contained herein.
 
Forward Looking Statements
Certain information in this press release, including, but not limited to, statements regarding future growth and performance of the business, momentum in the businesses, future adoption of digital assets, and the Company‘s anticipated results may constitute forward looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” (or the negatives) or other similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Voyager’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Forward looking statements are subject to the risk that the global economy, industry, or the Company’s businesses and investments do not perform as anticipated, that revenue or expenses estimates may not be met or may be materially less or more than those anticipated, that trading momentum does not continue or the demand for trading solutions declines, customer acquisition does not increase as planned, product and international expansion do not occur as planned, risks of compliance with laws and regulations that currently apply or become applicable to the business or the interpretation or application of laws and regulations by regulatory authorities, and those other risks contained in the Company’s public filings, including in its Management Discussion and Analysis and its Annual Information Form (AIF). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; changes in laws or approaches to regulation, regulatory investigations, enforcement actions or other regulatory action or sanction, the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; changes in the volatility of crypto currency, changes in demand for Bitcoin and Ethereum, changes in the status or classification of cryptocurrency assets, cybersecurity breaches, a delay or failure in developing infrastructure for the trading businesses or achieving mandates and gaining traction; failure to grow assets under management, an adverse development with respect to an issuer or party to the transaction or failure to obtain a required regulatory approval. In connection with the forward-looking statements contained in this press release, the Company has made assumptions that no significant events occur outside of the Company’s normal course of business and that current trends in respect of digital assets continue. Readers are cautioned that the key metrics disclosed in this press release, including, without limitation,  Assets Under Management and trading volumes fluctuate and may increase and decrease from time to time and that such fluctuations are beyond the Company’s control. Forward-looking statements, past and present performance and trends are not guarantees of future performance, accordingly, you should not put undue reliance on forward-looking statements, current or past performance, or current or past trends. Information identifying assumptions, risks, and uncertainties relating to the Company are contained in its filings with the Canadian securities regulators available at www.sedar.com. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. The Company assumes no obligation to provide operational updates, except as required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law. Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not put undue reliance on past performance and current trends.  Refer to definition of certain Non-IFRS terms in Management’s Discussion and Analysis including Assets On Platform, Adjusted EBITDA and Adjusted Working Capital.  All figures are in U.S. dollars unless otherwise noted.
 
SOURCE Voyager Digital, Ltd.

Press Contacts
 
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

 

 

Voyager Digital Schedules FYQ2 2022 Results and Business Update Conference Call

Research, News, and Market Data on Voyager Digital

 

Conference call scheduled for February 15 at 8:00 a.m. ET

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced that it will host a live webcast and conference call at 8:00 a.m. Eastern Time on Tuesday, February 15 to discuss financial results for the fiscal second quarter 2022 ended December 31, 2021.
 
To access the webcast, please register by clicking here. A live webcast and a replay will be available on the Investor Relations section of the Company’s website at investvoyager.com/investorrelations/events.
 
About Voyager Digital Ltd.
Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 75 different cryptocurrency assets using its easy-to-use mobile application and earn rewards up to 12% annually on more than 35 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides cryptocurrency payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
 
The TSX has not approved or disapproved of the information contained herein.
 
SOURCE Voyager Digital, Ltd.

Press Contacts
 
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

 

Voyager Digital Schedules FYQ2 2022 Results and Business Update Conference Call

Research, News, and Market Data on Voyager Digital

 

Conference call scheduled for February 15 at 8:00 a.m. ET

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced that it will host a live webcast and conference call at 8:00 a.m. Eastern Time on Tuesday, February 15 to discuss financial results for the fiscal second quarter 2022 ended December 31, 2021.
 
To access the webcast, please register by clicking here. A live webcast and a replay will be available on the Investor Relations section of the Company’s website at investvoyager.com/investorrelations/events.
 
About Voyager Digital Ltd.
Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 75 different cryptocurrency assets using its easy-to-use mobile application and earn rewards up to 12% annually on more than 35 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides cryptocurrency payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
 
The TSX has not approved or disapproved of the information contained herein.
 
SOURCE Voyager Digital, Ltd.

Press Contacts
 
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Image Credit: Stock Folder (Flickr)	

Why Zuckerberg Won’t be Adding a Cryptocurrency to Meta’s Features

 

What do regulators distrust more, big tech or cryptocurrency? Facebook announced back in 2019 that it had plans to create a cryptocurrency and payment system. Regulators were immediately concerned, both in the U.S. and globally about the power, security, and reliability of the private network. This week the Meta-backed (Facebook) crypto affiliate sold its assets for $182 million and is winding down the initiative on regulators’ concerns.

The social media platforms’ stable currency and payment system project was originally called Libra. It changed the name to Diem over logo and copyright concerns. Diem was a permissioned blockchain-based stablecoin payment system. The vision also included a private currency which would have been a cryptocurrency. The launch was originally planned for 2020, but only basic experimental code had been released before this week’s sale.

U.S. Regulation

“The combination of a stablecoin issuer or wallet provider and a commercial firm could lead to an excessive concentration of economic power,” U.S. regulators said in a 2021 report. “These policy concerns are analogous to those traditionally associated with the mixing of banking and commerce, such as advantages in accessing credit or using data to market or restrict access to products,” the report said.

About the Seller and Buyer

The Diem Association was made up of partners from related businesses, including payment, technology, telecommunication, online marketplace, venture capital firms, and nonprofits. Among the original partners that dropped out under the intense scrutiny were Paypal (Nasdaq:PYPL) and Visa (NYSE:V). The currency and transactions would have been managed and cryptographically entrusted to Diem.

Diem’s technology was purchased this week by Silvergate Capital Corporation (NYSE:SI). Silvergate is a payment services company. According to its website it serves “…750 of the most recognized and well-funded digital currency exchanges, institutional investors, and software developers in fintech. As part of the purchase, Silvergate received development, deployment, and operations infrastructure, as well as tools for running a blockchain-based payment network for payments as well as cross-border wire transfers.

Diem’s CEO Stuart Levey said in a statement that the initiative made progress, but “it nevertheless became clear from our dialogue with federal regulators that the project could not move ahead.” Levey said “…a senior regulator informed us that Diem was the best-designed stablecoin project the U.S. Government had seen.”  The CEO added, “Despite giving us positive substantive feedback on the design of the network, it nevertheless became clear from our dialogue with federal regulators that the project could not move ahead. As a result, the best path forward was to sell the Diem Group’s assets, as we have done today to Silvergate.”

Take-Away

The Diem sale is not in response to the recent weakness in cryptocurrency, it’s a response to a regulatory environment that has been critical of Libra the Diem since it originated.

While Facebook’s association with Diem has ended, Silvergate has spent almost $200 million to own the assets. Silvergate or another company could revive the project. It was the concerns over the breadth and power of Meta that prevented progress on the regulatory front. The Diem Association was considered more transparent and regulator-friendly than many existing stablecoins.

Paul Hoffman

Managing Editor, Channelchek

 

Suggested Reading

Expanded Blockchain Adoption and Adaptation in 2022

Walmart’s Metaverse, NFT, and Crypto Plans

Bombshells from Musk, Dorsey, and Wood at Bitcoin Conference

The Benefits of DeFi

 

Sources

https://www.diem.com/en-us/

https://techxplore.com/news/2022-02-facebook-crypto-diem-sold-pushback.html

https://www.engadget.com/facebook-backed-diem-association-sale-234147500.html

https://www.silvergate.com/solutions/digital-currency

 

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Voyager Digital Announces Participation in February Investor Events

Research, News, and Market Data on Voyager Digital

 

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) today announced the Company’s participation in the following investor events in February 2022:

February 15th – Canaccord Genuity Digital Assets Symposium

February 22nd – Bernstein Crypto and Digital Currencies Fireside Chat

February 24th – Singular Emerging Growth & Value Alpha Leaders

For more information about investor events that Voyager will be participating in, please visit www.investvoyager.com/investorrelations/events.  

About Voyager Digital Ltd.

Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 75 different cryptocurrency assets using its easy-to-use mobile application and earn rewards up to 12% annually on more than 35 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides cryptocurrency payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein.

SOURCE Voyager Digital, Ltd.

Press Contacts

Voyager Digital, Ltd.

Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

 

Voyager Digital Announces Participation in February Investor Events

Research, News, and Market Data on Voyager Digital

 

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) today announced the Company’s participation in the following investor events in February 2022:

February 15th – Canaccord Genuity Digital Assets Symposium

February 22nd – Bernstein Crypto and Digital Currencies Fireside Chat

February 24th – Singular Emerging Growth & Value Alpha Leaders

For more information about investor events that Voyager will be participating in, please visit www.investvoyager.com/investorrelations/events.  

About Voyager Digital Ltd.

Publicly traded Voyager Digital Ltd.’s (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) US subsidiary, Voyager Digital, LLC, is a fast-growing, cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 75 different cryptocurrency assets using its easy-to-use mobile application and earn rewards up to 12% annually on more than 35 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides cryptocurrency payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein.

SOURCE Voyager Digital, Ltd.

Press Contacts

Voyager Digital, Ltd.

Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Comtech Unveils Breakthrough Next Generation ELEVATE™ VSAT Platform

Research, News, and Market Data on Comtech Telecommunications

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jan. 31, 2022– 
January 31, 2022—
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today unveiled Comtech ELEVATE™, a breakthrough next generation Very Small Aperture Terminal (“VSAT”) technology solution. Designed to meet the evolving communications demands of a broad range of markets, Comtech ELEVATE™ is an all-inclusive highly intelligent, modular platform capable of supporting both small and large networks across any GEO, MEO or LEO satellite orbit.

“Our new Comtech ELEVATE™ VSAT platform delivers unprecedented network flexibility and scalability to support a broad range of applications and markets, from broadcast and government to mobility and enterprise, using a single intelligent system,” said  Michael Porcelain, Chief Executive Officer and President of 
Comtech. “ELEVATE™ is the next step in Comtech’s long-term plan to exploit the growing business opportunities in the satellite ground station market. Alongside our high quality and field-proven HEIGHTS™ and UHP satellite networking platforms, 
Comtech can now offer customers a full-range of satellite networking products at a price and feature set that best meets their needs.”

Designed from the ground up, Comtech ELEVATE™ is a smart software-defined VSAT solution Designed to Make it Happen™. Bringing together the best of Comtech’s award-winning HEIGHTS™ Dynamic Network Access (“H-DNA”) and Comtech’s revolutionary and industry-leading UHP MF-TDMA waveform flexibility and efficiency, Comtech ELEVATE™ features a new D-RAM (“Dynamic Return Access Modes”) protocol with dynamic seamless switching between H-DNA and MF-TDMA waveforms using the same pool of bandwidth and industry-leading data throughput in both Forward and Return channels. The Comtech ELEVATE™ solution is designed to enable private or shared VSAT networks of any size and topology, has unlimited potential for future development and can be deployed for every application imaginable. Comtech’s ELEVATE™ features include:

• Ability to scale from very small networks to very large networks including supporting more than 500,000 remote sites,

• Actual Maximum Forward link capacity at 2.5 Gbps per service area,

• The Highest Return Link throughput in the industry at 200 Mbps per remote,

• Compact remote VSAT handling up to 200,000 packets per second,

• Highest processing density in Hubs or Remotes per watt of consumed prime power, and

• An advanced and highly efficient Network Management System that can support a rich variety of Operations Support System (“OSS”) and Business Support System (“BSS”) interfaces.

Because it features virtualized components and capabilities, sophisticated data protocols and cloud-based expansion, Comtech ELEVATE™ offers the best overall industry-wide performance for satellite cellular backhaul (including 4G and 5G cellular networks) and transmission of voice, video and data for the Internet of Things (“IoT”).

Comtech ELEVATE™ provides more power, speed, agility, and efficiencies that addresses a new level of requirements to meet the highest Quality of Experience (“QOE”) with market leading affordability, footprint and low power consumption. Service providers and mobile network operators will be able to deploy and manage a single platform to support small bandwidth applications, such as IoT applications in connected agriculture or ATM banking networks, while simultaneously enabling more megabit-hungry services, like cellular backhaul, gaming and video, over the same platform.

More information including a video presentation about Comtech ELEVATE™ can be found here: https://www.comtech.com/elevate.html

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com (and preview our new web site coming soon at www.comtech.com).

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

Media Contact:
Rosario Toxqui, Director Marketing for Comtech Satellite Networks
514-686-6103
rosario.toxqui@comtech.com

Source: 
Comtech Telecommunications Corp.

Comtech Unveils Breakthrough Next Generation ELEVATE™ VSAT Platform

Research, News, and Market Data on Comtech Telecommunications

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Jan. 31, 2022– 
January 31, 2022—
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, today unveiled Comtech ELEVATE™, a breakthrough next generation Very Small Aperture Terminal (“VSAT”) technology solution. Designed to meet the evolving communications demands of a broad range of markets, Comtech ELEVATE™ is an all-inclusive highly intelligent, modular platform capable of supporting both small and large networks across any GEO, MEO or LEO satellite orbit.

“Our new Comtech ELEVATE™ VSAT platform delivers unprecedented network flexibility and scalability to support a broad range of applications and markets, from broadcast and government to mobility and enterprise, using a single intelligent system,” said  Michael Porcelain, Chief Executive Officer and President of 
Comtech. “ELEVATE™ is the next step in Comtech’s long-term plan to exploit the growing business opportunities in the satellite ground station market. Alongside our high quality and field-proven HEIGHTS™ and UHP satellite networking platforms, 
Comtech can now offer customers a full-range of satellite networking products at a price and feature set that best meets their needs.”

Designed from the ground up, Comtech ELEVATE™ is a smart software-defined VSAT solution Designed to Make it Happen™. Bringing together the best of Comtech’s award-winning HEIGHTS™ Dynamic Network Access (“H-DNA”) and Comtech’s revolutionary and industry-leading UHP MF-TDMA waveform flexibility and efficiency, Comtech ELEVATE™ features a new D-RAM (“Dynamic Return Access Modes”) protocol with dynamic seamless switching between H-DNA and MF-TDMA waveforms using the same pool of bandwidth and industry-leading data throughput in both Forward and Return channels. The Comtech ELEVATE™ solution is designed to enable private or shared VSAT networks of any size and topology, has unlimited potential for future development and can be deployed for every application imaginable. Comtech’s ELEVATE™ features include:

• Ability to scale from very small networks to very large networks including supporting more than 500,000 remote sites,

• Actual Maximum Forward link capacity at 2.5 Gbps per service area,

• The Highest Return Link throughput in the industry at 200 Mbps per remote,

• Compact remote VSAT handling up to 200,000 packets per second,

• Highest processing density in Hubs or Remotes per watt of consumed prime power, and

• An advanced and highly efficient Network Management System that can support a rich variety of Operations Support System (“OSS”) and Business Support System (“BSS”) interfaces.

Because it features virtualized components and capabilities, sophisticated data protocols and cloud-based expansion, Comtech ELEVATE™ offers the best overall industry-wide performance for satellite cellular backhaul (including 4G and 5G cellular networks) and transmission of voice, video and data for the Internet of Things (“IoT”).

Comtech ELEVATE™ provides more power, speed, agility, and efficiencies that addresses a new level of requirements to meet the highest Quality of Experience (“QOE”) with market leading affordability, footprint and low power consumption. Service providers and mobile network operators will be able to deploy and manage a single platform to support small bandwidth applications, such as IoT applications in connected agriculture or ATM banking networks, while simultaneously enabling more megabit-hungry services, like cellular backhaul, gaming and video, over the same platform.

More information including a video presentation about Comtech ELEVATE™ can be found here: https://www.comtech.com/elevate.html

About Comtech

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com (and preview our new web site coming soon at www.comtech.com).

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

Media Contact:
Rosario Toxqui, Director Marketing for Comtech Satellite Networks
514-686-6103
rosario.toxqui@comtech.com

Source: 
Comtech Telecommunications Corp.

Thursday, January 27, 2022

Comtech (CMTL)
Rejects Acacia Offer

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides satellite earth station equipment and systems, over-the-horizon microwave systems, and forward error correction technology, which are used in various commercial and government applications, including backhaul of wireless and cellular traffic, broadcasting (including HDTV), IP-based communications traffic, long distance telephony, and secure defense applications. The Mobile Data Communications segment provides mobile satellite transceivers, and computers and satellite earth station network gateways and associated installation, training, and maintenance services; supplies and operates satellite packet data networks, including arranging and providing satellite capacity; and offers microsatellites and related components. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets satellite earth station traveling wave tube amplifiers (TWTA) and broadband amplifiers. Its amplifiers are used in broadcast and broadband satellite communication; defense applications, such as telecommunications systems and electronic warfare systems; and commercial applications comprising oncology treatment systems, as well as to amplify signals carrying voice, video, or data for air-to-satellite-to-ground communications. The company serves satellite systems integrators, wireless and other communication service providers, broadcasters, defense contractors, military, governments, and oil companies. Comtech markets its products through independent representatives and value-added resellers. The company was founded in 1967 and is headquartered in Melville, New York.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Rejects Acacia. Comtech’s Board has unanimously rejected Acacia Research Corporation’s October 29th offer to purchase Comtech for $30 per share. Comtech’s new Board, including a representative from Outerbridge, concluded Acacia’s offer “grossly undervalues the Company and is not in the best interest of Comtech’s shareholders.”


Not A Surprise.  We are not surprised by the rejection as, at the time of the offer announcement, we had noted that Outerbridge had originally valued Comtech in the $32-$41 range and subsequently had valued Comtech’s NG911 business alone as worth more than its previously stated range …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.