Category Archives: Cryptocurrency

Cryptocurrency fundraising surpassed $30 billion in the first half of 2021, reported by Cointelegraph quoting crypto analytics firm Messari and Dove Metrics.

As per the report, the overall amount of money raised in the first six months already exceeds the $30.2 billion that was raised in 1313 rounds throughout the entire year of 2021.

The centralised finance (CeFi) industry received $10.2 billion in funding, accounting for more than one-third of the total capital raised. High investment levels were also seen in the NFT sector and infrastructure. Decentralised finance (DeFi) investments, on the other hand, seem to have lagged behind with only $1.8 billion in funding over that time.

Crypto exchanges received the majority of the investment in CeFi, which raised a total of $3.2 billion in finance. Market makers, savings/banking account businesses, and payment services were nearly tied for second position.

Gaming-related NFTs took home the lions share of investment in the Web3.0 and NFT industry, which raised $8.6 billion in funding during the first half of the year, raising more than four times as much as any other NFT vertical.

In June, PWC released its most recent hedge fund study, which found that 38% of hedge funds now invest in digital assets, up from 21% in 2021.

(With inputs from Cointelegraph)

Also Read: Block shares slip after cryptocurrency winter dampens quarterly results

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Cryptocurrency fundraising surpasses $30 billion in the first half of 2021 - The Financial Express

Web3 adoption seem inevitable, but so does the increase in security issues and hacks. What are the main factors causing this? The high rate of innovation in the crypto world and the frequent software upgrades of the multi-chain world look like they will inevitably introduce more vulnerabilities. We need to have real-time monitoring infrastructure in place to prevent and quickly react to exploits.Effective monitoring infrastructure in the hands of the community acts as a powerful deterrent to bad actors, Nikos Andrikogiannopoulos, CEO of Metrika, told The Armchair Trader recently. Similar to fire and weather alerts, which get communities mobilized, evacuate threatened areas, and activate volunteer rescue teams, blockchain communities need processes and tools to deal with emergency situations.Disruptive technologies are volatile and, with that, bring significant risk and great rewards. Most of the developers in the blockchain space are learning on the fly, as they come from conventional technology stacks and are retrofitting their skills. Education will become a driving force for better and more secure programming.

Full story : Nomad and Solana hacks: what are the lessons for cryptocurrency investors?

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Nomad and Solana hacks: what are the lessons for cryptocurrency investors? - OODA Loop

Over the past 24 hours, NEAR Protocol's NEAR/USD price has risen 12.88% to $5.05. This continues its positive trend over the past week where it has experienced a 18.0% gain, moving from $4.34 to its current price. As it stands right now, the coin's all-time high is $20.44.

The chart below compares the price movement and volatility for NEAR Protocol over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

NEAR Protocol's trading volume has climbed 37.0% over the past week along with the circulating supply of the coin, which has increased 1.03%. This brings the circulating supply to 752.41 million, which makes up an estimated 75.24% of its max supply of 1.00 billion. According to our data, the current market cap ranking for NEAR is #25 at $3.78 billion.

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Cryptocurrency NEAR Protocol Up More Than 12% In 24 hours - Benzinga

Over the past 24 hours, Solana's SOL/USD price has risen 3.57% to $39.85. This is contrary to its negative trend over the past week where it has experienced a 5.0% loss, moving from $41.96 to its current price. As it stands right now, the coin's all-time high is $259.96.

The chart below compares the price movement and volatility for Solana over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has fallen 35.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 0.15%. This brings the circulating supply to 346.34 million. According to our data, the current market cap ranking for SOL is #9 at $13.83 billion.

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Cryptocurrency Solana's Price Increased More Than 3% Within 24 hours - Benzinga

Aug 02, 2022

Nearly 75 percent of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years, according to Deloittes Merchants Getting Ready For Crypto study.

The survey of 2,000 U.S. retail executives was taken in the first two weeks of December 2021, just before valuations on digital currencies collapsed.

According to Barrons, Bitcoin, the dominant token, continues to trade at around one-third of its November 2021 all-time high, with the market capitalization of the overall crypto space also tumbling.

Deloittes study, done in collaboration with PayPal, found retailers bullish on the digital assets potential:

Survey participants saw the top barriers to adoption to be security of the payment platforms, cited by 43 percent; followed by the changing regulatory landscape, 37 percent; and the instability of the digital currency market, 36 percent.

Cryptos crash has been dramatized by the meltdowns of stablecoin Terra, crypto hedge fund Three Arrows Capital and numerous crypto lending platforms, although risky assets overall, including tech stocks, have been battered inside the broader bear market.

Gucci, Balenciaga and Tag Heuer are among those this year joining Whole Foods, Nordstrom, PacSun and Crate & Barrel in accepting cryptocurrencies. American Eagle Outfitters drew attention for deciding not to accept crypto payments while recently launching an NFT apparel shop. Craig Brommers, American Eagles chief marketing officer, said at CommericeNext 2022, When we thought about our 15- to 25-year-old customer, the reality is they were not ready for cryptocurrency.

DISCUSSION QUESTIONS: Have you become any more or less confident about the value of cryptocurrencies as a form of retail payment since the start of the year? Have the barriers to adoption changed?

"Accepting cryptocurrency is a great business plan as long as you treat it as you would any foreign currency."

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Should the cryptocurrency crash scare retailers? RetailWire - RetailWire

EXCLUSIVE: Cryptocurrency pioneer Jeff Garzik has launched NextCypher Productions (NxC), a new independent entertainment company that will focus on using the emerging technology of Web3 (NFTs, crypto, blockchain applications) to empower the sci-fi community to turn fantasyinto reality.

NxC is more than just a mere production company. It is a passionate community, defined by the people and projects that it interacts with, said Garzik, who is best known as one of the pioneers of cryptocurrency, having worked on the Bitcoin Core project the first blockchain node as well as Bitcoin mining projects and the Linux operating system. One of our core principles is to enable sci-fi and fantasy fans to do more than simply consume content from the worlds we construct, but to allow them to truly participate in beloved properties in ways they never thought possible. Above all, NxC pledges to always put the needs of the audience first as we create consistently great entertainment.

As part of the launch, Garzik is announcing the companys first two television projects. The first is a one-hour action-drama series calledDeathlands thats based on the bestselling book series. Its being developed for television by showrunner/executive producer Mark A. Altman (Pandora, The Librarians, Agent X) and executive producer Thomas P. Vitale (57 Seconds, Slasher, Pandora).

Deathlands isMad Max: Fury RoadmeetsYellowjacketsin an epic post-apocalyptic sci-fi adventure, said Garzik.Deathlandstells the story of a world ravaged by violence, destruction, and death. Now, only the most smart, cunning, and capable survive as they attempt to navigate the new normal of a world turned upside in the hopes of building a new, more just society for the future.

The other project in the works is Looking Glass thats based on an original concept from Garzik. He describes it as an exciting and thought-provoking new sci-fi action/adventure series in which a young woman whose memory was erased goes on a quest to discover her true identity as agridrunnerwho must save the outcasts of society from a deadly conspiracy that threatens to destroy the future.

Looking Glassmade its premiere as a graphic novel through the NxC subsidiaryNext Cypher Words + Art. The new comic book publisher announced the first issue of theLooking Glassgraphic novel at San Diego Comic-Con last week.

NxC will be announcing its next projects soon with production on Deathlands anticipated to begin in early 2023 in Bulgaria and Looking Glass later in the year.

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Cryptocurrency Pioneer Jeff Garzik Launches NextCypher Productions; Focus On Emerging Technology of Web3 - Deadline

Recently, cryptocurrencies have proven as viable option for financial investments, and is understandably becoming more and more popular. Surveys by PEW Research Center show that a staggering sixteen percent of Americans admit to having invested in cryptocurrency, with that number being even higher all around the world.

It isnt just the adult population that has embraced cryptocurrency. Statistics, according to 2022 Investopedia Financial Literacy Study, show that Gen Z is far more likely to be curious about, and invest in cryptocurrency. It isnt just Gen Z that are becoming curious about crypto. A quarter of millennial millionaires have been shown to have a huge portion of their wealth invested in cryptocurrency, with many of them also owning non-fungible tokens.

While bitcoin is undisputedly the most prominent, and high-priced cryptocurrency, there are so many more options to choose from. The number of cryptocurrencies on the current crypto market number in the thousands, with some estimating the number has reached ten thousand different cryptocurrencies. With so many different choices to pick from, how is a new investor to know where to begin? In this article we will offer a few tips for how to pick an option best suited to your needs.

Crypto Trading Site Support

One of the things that will help you pick the best option, is to look into the many crypto trading sites and the different cryptocurrencies those sites support. Most trading sites, like https://tradingplatforms.com/au/ for example, support a wide range of cryptocurrencies, with Bitcoin, Ethereum, Ripple, Litecoin, etc. being the most prominent.

Not only that, number of other benefits are also offered by these sites to the new investors.. For one, they are easy to access and use. All you need to create a profile on one of these sites is a username, password, and email. Many of the sites offer beginners an investment tutorial, and to make investment even easier, they incorporate artificial intelligence technology, the purpose of which is to read the fluctuation rates of bitcoin prices and predict future values.

Investigate the Price History

Many new investors make the mistake of seeing a trending cryptocurrency, and quickly invest in it while it is highly priced. This is the easiest decision and most common mistake to make.. It stems from stuff like fear of missing out, or a lack of patience. The problem with this approach is that it forgets to take into account the high rates of fluctuations that permeate the crypto market. A cryptocurrency that suddenly gained prominence one day, might plummet in value the other.

Rather than jumping in, let a cool head prevail, wait a few days, and most importantly investigate the price history of the cryptocurrency. Lets take Bitcoin as an example. If we look at Bitcoins price history, we can see times when it has plummeted in value, however, for the most part it has stayed highly profitable. Same is true for many of the other famous cryptocurrencies, like Ethereum.

Investigate the Best Options

As stated above, there are currently thousands of cryptocurrencies on the market. This can confuse people and overwhelm a lot of young investors. But as stated above, it is best to retain a cool head, and do some research on the best, historically proven cryptocurrencies on the current market. Let us take a look at some of the best, most trusted cryptocurrency right now.

The most popular cryptocurrency has consistently been Bitcoin. However, since there are other cryptocurrencies that are being introduced into the market, it is imperative to investigate the best option for your investment. This will influence the direction your investments will take, in a huge manner.

Look at Your Options

The success of Bitcoin led to the creation and distribution of quite a few other cryptocurrencies on the market today. So, take a look at all of them and consider your options. A few notable options are the following:

Tether is a stablecoin. This means that its value is tied to a given FIAT currency. In the case of Tether, it is the U.S. Dollar. Which means that, as long as the dollar remains stable, Tethers value will remain at US$1. Ethereum might be the second most popular blockchain today, and the Ether coin is among the most valuable. In fact, its price is exceeded only by Bitcoin. Dogecoin started out as a joke. A parody of the crypto craze. However, it soon grew into its own thing and became a hugely popular asset. Today, it ranks among the top ten most popular and recognizable cryptocurrencies in the world.

Also make sure youve explored the numerous, successful Bitcoin hard forks that have occurred over the years. Among them, the ones to keep an eye out on are Bitcoin Gold and Bitcoin Cash. They are definitely the two most popular hard forks on the market today.

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.

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Choosing the Right Cryptocurrency to Invest in - Kalkine Media

Bitcoin maximalists believe that Bitcoin, the world's most popular cryptocurrency, is the only digital asset that will be needed in the future.

In 2017, a year when every single altcoin was either dead or dying and everyone had lost their minds over ICOs (initial coin offerings) a new kind of fundraising mechanism for cryptocurrencies like Ethereum, Cardano, Stellar Lumens, etc. the word "maximalism" came into vogue as an insult against those who were trying to build up blockchain-based projects on top of existing blockchains.

It wasn't long before some people started using it to describe any project built upon another one, especially if they wanted to have more control over how things work. This might explain why many call Libra, Facebooks upcoming stablecoin, the first real Maximalist Project. But what does this mean exactly, and why has there been such a backlash towards it? What makes something become a maximalist project?

Maximalism can be defined both as a philosophy and a method of building software systems. It usually involves breaking down large tasks into smaller ones while keeping everything else consistent with each other. For example, instead of creating your own payment system, you could use PayPal, Venmo, AliPay, etc., all of them being different forks of Paypal but still compatible with it. If you're running a website, you don't need to write the code yourself, just buy hosting space somewhere. You can choose between multiple providers, but make sure they keep compatibility with each other. In general, anything thats not broken should stay broken. That said, maximalism isn't about doing nothing at all. Some people advocate the idea of starting small and growing big later on, perhaps by incorporating more users gradually. Others simply want to do whatever they feel like without worrying too much about other peoples opinions, even if it means sacrificing functionality. The latter group often refers to themselves as Bitcoiners since they hold strong beliefs in decentralization and freedom of choice. They also tend to think that others shouldn't be able to dictate rules of the game unless theyre willing to pay a price for it.

This attitude is best exemplified by Andreas M. Antonopoulos, better known as Mr. Money Mustache, who runs his own blog where he shares stories of personal finance triumphs along with advice on how to live frugally and save money. He once wrote an essay called Why I am a Bitcoiner, outlining the reasons behind his support for decentralized currencies. One reason stood out because it reflected the mentality of Bitcoin maximalists:

I'm a maximalist because no matter what happens, bitcoin is here forever... And I'll tell you why: Because nobody knows how it works. No government agency controls it. No powerful programmer sits around making decisions on what goes on in its core protocol. Nobody gets rich off the back-end fees. There is no central authority that says we've got to change our designs now 'cause someone wants us to.' Bitcoin doesn't care about any of that. That's very important.

So far, the term "bitcoin maximalism" seems synonymous with libertarian ideals. However, according to the Merriam-Webster dictionary, it actually comes from Satoshi Nakamoto, creator of Bitcoin, who used it to refer to himself. Also be sure to signup for free bitcoin cashback rewards.

So is Mr. Money Mustache really a bitcoiner then? Not quite. Although he believes that Bitcoin needs to remain true to itself and never compromise, he thinks it would serve society well if governments eventually get involved in regulating the industry. In fact, he writes three times on his blog that he supports the regulation of crypto trading platforms. Moreover, he acknowledges that many people consider him a traitor because of this position. Nevertheless, he stands firm that Bitcoin should be free, private, open source, and permissionless. He may not agree with certain regulations, but he feels strongly enough about these principles that he calls himself a realistic idealist.

Bitcoiners generally disagree with this sentiment, believing that a multitude of assets beyond bitcoins exist today. While this may sound strange coming from libertarians, it's worth noting that many economists subscribe to Austrian School economics, which promotes market efficiency through competition among competing firms. Therefore, they argue that although commodities like gold exist, fiat currency is the only truly valuable thing in the economy.

One prominent proponent of this school of thought is Nouriel Roubini, professor emeritus at New York University Stern School of Business, former senior advisor to U.S. Treasury Secretary Steven Mnuchin, author of books Crisis Economics and Global Financial Meltdown, founder of Roubini Macro Associates LLC, and host of CNBC show Street Smart. On Twitter, he describes himself as a realistic optimist. When asked whether Bitcoin will die soon, he replies: No, but it wont survive long.

To understand why he holds such views, lets take a look at a few tweets from his timeline.

Heres one from February 2018 titled How did Blockstream manage to destroy Bitcoin? And heres another from April 2019. Titled Crypto Mania Is Coming To An End, the tweet claims that Bitcoin will eventually crash due to various factors, including increased adoption rates, increased supply, speculative bubbles, and rising interest costs.

Many experts say that Roubini has good intentions to help educate the public about financial matters, but his extreme positions sometimes cause confusion. After all, many people find his statements hard to digest given his background as a respected economist. So what gives? Why does he seem so adamant about supporting Bitcoin despite numerous criticisms against it? There are several explanations. First of all, like anyone who builds products based on technology, Roubini recognizes that Bitcoins underlying design may fail someday. Instead of throwing away the baby with the bathwater, he prefers to fix problems early rather than wait until they grow worse. Second, he tries to avoid getting emotionally attached to specific technologies because human emotions aren't rational. Since Bitcoin is currently experiencing rapid growth, he must see its potential in order to justify investing time and resources in research. Lastly, he thinks that people should focus less on short-term gains and start focusing more on long-term value creation. With this mindset, regardless of how Bitcoin performs right now, he believes that it will continue gaining traction in years to come. Good recordkeeping and cryptocurrency accounting will also help you along the way.

As stated earlier, not everyone agrees with Roubinis viewpoint. Many claim that he takes overly pessimistic stances and fails to acknowledge promising advancements made in areas such as privacy, scalability, speed, security, and governance. Furthermore, proponents point out that unlike traditional currencies backed by physical commodity reserves, Bitcoin cannot easily be printed overnight via fractional reserve lending. Even though this practice allows banks to inflate liabilities, it ultimately leads to the devaluation of the currency. Thus, Bitcoin is infinitely scarce and cannot lose value quickly or dramatically. Finally, Bitcoiners assert that it took decades for legacy institutions to create systemic risk following the Great Depression and the 2008 global recession. Given that Bitcoin has existed for roughly 10 years already, it's unlikely that regulators will ever try to ban it.

While many view Roubini as a hero or a villain depending on whom you ask, theres no denying that he has helped shape mainstream conversations surrounding monetary policies and emerging technological trends. His predictions have proven accurate in some cases, e.g., during the last global financial crisis. At the same time, his arguments havent always resonated with people across ideological boundaries.

Perhaps one day, Bitcoiners will finally realize that Roubini is not infallible. Perhaps theyll embrace his message that we should treat cryptocurrencies rationally and cautiously, considering all possible outcomes. Or maybe Bitcoiners will decide that the way forward lies in abandoning radical ideologies altogether and embracing gradual progress with the rest of society. Whatever path Bitcoiners choose next, history tells us they wont go gently into that good night.

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.

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The Only Cryptocurrency: What is Maximalism in Bitcoin? - Bitrates

At its best, crypto taxes are easier said than done, especially as the ecosystem and use cases evolve. Four years ago, decentralized finance was barely a thing. Now, seasoned DeFi traders are moving their assets from Layer 1 to Layer 2 protocols, liquid staking, yield farming, moving assets between different blockchains, and more. The DeFi ecosystem has about $68 billion in total value locked.

Those who are holding and dollar cost averaging as they add to their portfolios during periods of volatility arent free from ridicule or non-fungible token collectorsespecially the latter. It is extremely difficult to price NFTs accurately.

Every single transaction has accounting and tax implications. Do you know how hard it is to track cost basis across hundreds, if not thousands, of daily transactions? And thats on the individual level. Ive seen organizations that make millions of transactions per month.

If we think about the current crypto winter in which we find ourselves, where prices can fluctuate 10% or more in a given day, well, lets just say that Im getting a headache typing out all the variables that must be accounted for during tax season. The good news is that with a little preparation and understanding of the basics, we can do better. Lets show our accountants a little love by making their lives easier next tax season.

Here are five crypto tax best practices to have your accountant singing your praises:

Sorry folks, but you cant ignore recordkeeping on the blockchain. Many people think of the blockchain as this all-seeing, self-documenting technology. And in some respects, it is. But blockchains arent like bank statements that clearly record detailed information such as vendor and payee, or, in some cases, a short description of the sold item.

In practice, blockchains are essentially a permanent record of letters and numbers that can be examined through a block explorer like Etherscan, but the information isnt people-friendly.

Copying and pasting this information blindly into a spreadsheet and emailing it to your accountant is like asking them to solve a Da Vinci Code-style mystery.

Using multiple exchanges introduces unnecessary complications for your accountant come tax season. The more pricing sources youre pulling from, the bigger the headache for your accountant. This is for two reasons. First, every exchange outputs its data in a different format, which increases the likelihood of errors when your accountant combines CSVs. Second, this is an incredibly time-consuming, manual task that increases your billable hours. Its a lose-lose situation for everyone involved.

Good wallet hygiene is essential for sophisticated traders and regular folks alike because it helps accountants understand transactions from a workflow perspective as they process them.

Although it might seem that holding all your digital assets in one location is best, thats not necessarily true. Always keep transaction-specific walletssuch as investments, DeFi transactions, and revenueand use a consistent naming system. If you are a miner, keep a separate wallet to hold mining rewards. If you make NFTs, keep a separate wallet for secondary royalties, and so on.

With tracking activity between and across disparate exchanges, blockchains, and wallets, and then accurately reporting those activities to your accountant, accounting can turn complicated very quickly. Talking to your accountant early and often can help mitigate this and ensure you both are always aligned.

Were all familiar with the saying, The only certainties in life are death and taxes. But thats not really the case with crypto taxes until we finally get clarity from regulators.

My final piece of advice would be to eliminate as much uncertainty in this process as possible by using software to automate and streamline as many of these processes as you can. Fortunately, there are many solutions that integrate directly with digital wallets and accounting softwareyou just have to find the solution that works best for you.

This article does not necessarily reflect the opinion of The Bureau of National Affairs, Inc., the publisher of Bloomberg Law and Bloomberg Tax, or its owners.

Pat White is the CEO and co-founder of Bitwave, a software platform that provides cryptocurrency accounting, tax tracking, bookkeeping, DeFi ROI monitoring, and crypto AR/AP services for enterprise businesses.

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Five Cryptocurrency Tax Tips That Will Make Your Accountant Sing - Bloomberg Tax

LAS VEGAS, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (AABB or the Company) is pleased to announce that the Company has retained a cryptocurrency, blockchain and cybersecurity expert to enhance the architecture, functionality and management of the AABB Exchange to expedite the achievement of operational milestones. The extensive project management experience specific to blockchain platforms and networks now added to the Companys digital asset development group is expected to enhance the Exchange operations significantly. Several analysis and assessment reports have already been completed to facilitate the plan and execution of Exchange efficiencies and advancements.

We are elated with the progress that our Exchange group has realized already by the additional expertise and leadership now in place. Our Exchange operations are advancing rapidly to achieve our core objectives of a robust, efficient and user-focused Exchange with premier security for our users and token holders, asserted Chris Torres, AABB President and CEO.

In conjunction with the Exchange developments, the Company recently launched a preliminary advertisement campaign for the AABBG gold-backed token and the AABB Exchange at the Los Angeles Airport (LAX). The Company has plans to expand this marketing and advertising program as the Exchange enhancements roll-out.

Through the AABBG token and AABB Exchange, the Company embraces a pioneering philosophy with its truly unique Mine-to-Token vertical integration operational approach that strives toward complete independence from FIAT currency.

About Asia Broadband

Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.

Contact the Company at:

Forward-Looking Statementsare contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.s (the Company) expected current beliefs about the Companys business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.

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Asia Broadband Adds Cryptocurrency and Blockchain Expert to Development Team to Accelerate AABB Exchange Operations - GlobeNewswire