Search results for "SG"
01:34

GameStop Q1 Financial Report: Net Profit of $44.8 million, Recently Purchased 4,710 Bitcoins

Gate News bot, GameStop Corp. (NYSE: GME) released financial results for the first quarter ended May 3, 2025, and the company's condensed and consolidated financial statements, including GAAP and non-GAAP results, are as follows: net sales for the quarter were $732.4 million, compared to $881.8 million in the year-ago quarter; Selling, general and administrative expenses (SG&A) were $228.1 million in the quarter, compared to $295.1 million in the year-ago quarter. Operating loss for the quarter was $10.8 million, compared to $50.6 million in the year-ago quarter; Operating loss for the quarter included an impairment charge of $35.5 million related to an international restructuring; Adjusted operating profit for the quarter, net of impairment charges and other items, was $27.5 million, compared to an adjusted operating loss of $55.0 million in the year-ago quarter. Net income for the quarter was $44.8 million, compared to a net loss of $32.3 million in the year-ago quarter. Adjusted net income for the quarter, net of impairment charges and other items, was $83.1 million, compared to an adjusted net loss of $36.7 million in the year-ago quarter. Cash, cash equivalents and marketable securities totaled $6.4 billion at the end of the first quarter, compared to $1.0 billion in the year-ago quarter.
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07:39

Société Générale will launch a USD stablecoin, expected to start trading in July.

Gate News bot reported that Société Générale (SOGN.PA) will launch a USD stablecoin through its cryptocurrency subsidiary SG-FORGE, becoming the first major European bank to introduce such a stablecoin. SG-FORGE stated in a statement on Tuesday that the cryptocurrency, named "USD CoinVertible," will be issued on the Ethereum and Solana blockchains and is expected to begin public trading in July.
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15:10

SG Forge, a subsidiary of Société Générale, plans to issue a US dollar stablecoin on Ethereum.

According to Gate News bot, as reported by Cryptobriefing, SG Forge, a crypto subsidiary of Société Générale, is preparing to issue a US dollar stablecoin on the Ethereum network, specifically serving institutional clients. This marks the world's first US dollar stablecoin issued by a major bank on a public blockchain. It is worth noting that SG Forge has successfully launched the euro stablecoin EURCV and has obtained an EU electronic money license. The company plans to expand its new stablecoin business to other blockchain networks such as Solana in the future. Source: Cryptobriefing
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12:29

French Financial Institution SG Forge obtains stablecoin issuance qualification under the MiCA bill

SG Forge, a subsidiary of Societe Generale, has obtained the Stable Coin issuance qualification and updated the Smart Contract. The EURCV Stable Coin complies with the MiCA regulations and can provide legal services for digital asset custody, trading of legal tender coins and digital assets, and exchange between digital assets. The transfer of EURCV Stable Coin is no longer limited to Allowlist Address.
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04:03
Odaily Planet Daily News Modular Chain Abstraction L1 Particle Network Announces List of Cohort 1 Node Verifiers, including: InfStone, Encode Club, Cosmostation, Restake, Luganodes, Dora Factory, Frens Validator, Nocturnal Labs, Block Hunters, Provalidator, Bware Labs, Nodes.Guru, DAIC, King Super, SG-1, w3coins, SG-1, Imperator, Lavender.Five Nodes and other 20 professional institutions Node validators.
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15:39
According to official sources, the Decentralization computing network Flux has interpreted the 2024 roadmap, which points out that the Open Source dual-signature pair built based on the BIP48-MULTI SG design WalletSecret Key is already in public beta, and this year will be committed to taking the SSP out of beta and launching a general version candidate. In addition, Flux also announced that the beta testing of the Decentralization version of WordPress will be completed in the first quarter and more WordPress sites will be introduced. (Medium)
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14:19
Golden Finance reported that Tom Cat, a listed company, issued an announcement this evening, announcing that its wholly-owned subsidiary, Outfit7 Limited, has signed the "Agreement on investment into alternative investment fund SILICON GARDENS FUND III", that is, on the equity investment fund SILICON GARDENS FUND III (referred to as " SG Fund"), Outfit7 Limited, as an ordinary investor, invested in SG Fund with an amount of 1 million euros, and the investment area mainly includes investing in the equity of regional technology start-ups in neighboring countries such as Slovenia, Croatia, Serbia, etc., covering the software industry, SaaS, market, digitalization, AI/ML, big data, Web3 and other global trend industries.
14:41
AXA Investment Managers has completed its first real-time market transaction using a stablecoin issued by SG Forge, the digital asset arm of Société Générale, according to Golden Finance. In this transaction, AXA IM first purchased €5 million of the CoinVertible stablecoin (EURCV), a digital asset deployed on ETH Square's public blockchain and pegged to the euro. It is then used to invest in green bonds issued by Société Générale in the form of "security tokens" on the ETH Square public blockchain.
ETH-3.22%
22:13
Société Générale announced the issuance of the first €10 million ($10.8 million) digital green bond as a security token registered directly by SG-FORGE on the public blockchain in ETH, which has been privately placed by two top institutional investors, AXA Investment Managers and Generali Investments is fully subscribed, and the bank will use the net proceeds from bond sales to fund or refinance sustainable activities. Société Générale said the tokenized bonds would ensure "increased transparency and traceability, as well as increased liquidity and speed of transactions and settlements." ”
ETH-3.22%
18:17
Société Générale announced the issuance of the first €10 million ($10.8 million) digital green bond as a security token directly registered by SG-FORGE on the public blockchain in ETH, which has been privately placed by two top institutional investors, AXA Investment Managers and Generali, according to Golden Finance Investments is fully subscribed, and the bank will use the net proceeds from bond sales to fund or refinance sustainable activities.
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12:30
PANews reported on December 4 that Société Générale issued the first digital green bond as a security token directly registered by SG-FORGE on the ETH public blockchain, improving the transparency and traceability of ESG data. The security token has been fully subscribed by two top-tier institutional investors, AXA Investment Managers and Generali Investments, through a private placement.
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13:39
According to news on September 7, Grab, a Southeast Asian online car-hailing and food delivery platform, added a Web3 label to the financial service options on its Payment page, allowing users to connect to Web3 wallets to view encrypted assets. According to previous news, in December 2022, digital asset payment infrastructure StraitsX reached a cooperation with Grab Singapore, a Southeast Asian online ride-hailing and food delivery platform, to pilot the use of purpose-bound currency (PBM) as a commercial digital currency at the Singapore FinTech Festival (SG FinTech Festival).
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15:49
Odaily Planet Daily News Societe Generale's encryption subsidiary SG Forge took the lead in obtaining France's first cryptocurrency license last week. The move could signal a long-term strategy as European law MiCA is about to replace this license. It is reported that the license granted to SG Forge by the French financial market authority is optional and difficult to obtain. The license signals that SG Forge strengthens its IT security and liability insurance, and allows it to offer a wider range of encryption services and to advertise more easily. So far, SG Forge is the only company with this license. Another 88 companies operate under the AMF's mandatory registration, which requires lower standards and limits the services they can provide. However, this complex licensing regime will be abolished when the EU's new encryption rulebook comes into effect at the end of 2024. The benefit of SG Forge's new license this time is that France may offer a "fast-track" transition process from its national law to MiCA. “Many companies are currently considering obtaining approval in France because they recognize the similarities between the French approval and MiCA,” said Daniel Arroche, partner at the French blockchain law firm. Easy to implement." Some sources indicate that about a dozen companies are trying to obtain an AMF license. Experts expect more news in the coming months as more companies receive licenses. Circle announced in March that it was applying for a French license to "double down" on European expansion. (DL News) Prior to the news on July 19, SG Forge, the cryptocurrency division of Societe Generale Bank, has become the first company in France to be approved by the country's financial regulator AMF (French Financial Market Authority) to provide cryptocurrency services. According to the AMF’s website, SG Forge was approved to provide buying, selling, trading and custody services for digital assets from July 18.
09:39
According to news on July 19, SG Forge, the cryptocurrency division of Société Générale, has obtained a cryptocurrency license issued by the French financial regulator to provide services such as buying, selling, trading and custody of digital assets.
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