Stock Markets
UAE Authors Release Book ‘Lessons Learned’ on Crypto Winners and Losers
Dubai, United Arab Emirates,, October 23rd, 2024, Chainwire
UAE-based Bill Qian, Seyed Mohammed Alizadeh Fard (Bijan) (Phoenix Group), and Stefan Piech, (Cypher Capital), have announced the launch of their first book, titled “Lessons Learned (The Story of Crypto Winners and Losers).”
“Lessons Learned” takes an in-depth look at the dramatic rise and fall of fortunes in the crypto space. More than just a compilation of advice and observations, it delves into the human stories behind the technology, offering insights into the decisions, risks, and opportunities that have shaped this revolutionary field.
Lessons Learned uncovers key lessons from the crypto realm including:
● The critical role of regulatory environments
● The impact of continuous technological innovation
● The importance of security and risk management
● The promise of financial inclusion
“Now that we have successfully navigated through the period of the crypto cowboys the true potential of Web3 technology is making itself evident to both regulators and financial service firms around the world. Qian, Alizadeh, and Piech document this journey in terms that everyone can understand. This book is a must-read if you want to understand the potential of Web3 on the world’s economics” said Kevin O’Leary.
“This book is about understanding the real-world experiences of those who have navigated the wild west of cryptocurrency,” said co-author Bill Qian. “It’s a valuable guide for anyone who wants to understand how innovation, failure, and success intersect in this constantly evolving industry.”
Whether you’re an emerging investor, a curious technologist, or simply someone interested in the digital economy, “Lessons Learned” provides key takeaways for anyone looking to understand the crypto landscape and gain valuable insights into its future potential.
For more information and to purchase the book, visit here
About the Authors
Mr. Seyed Mohammad Alizadehfard (Bijan)
Co-founder and Group CEO of Phoenix Group
Mr. Seyed Mohammad Alizadehfard (Bijan), serves as Board Member, Co-founder and Group CEO of Phoenix Group, a publicly listed tech conglomerate that ranks among the world’s largest mining operators. Bijan is a leader within the blockchain ecosystem and has a longstanding track record of spearheading blockchain adoption in the MENA region and globally.
Bijan also founded and established Cypher Capital, a leading early-strategy venture firm investing in crypto, blockchain and other digital asset projects. Cypher Capital is widely regarded as a pre-eminent Web3-focused venture capital firm in the MENA region and is notably recognised globally with its highly successful track record of investments.
Bijan believes in working with visionary innovators, outstanding talent and other venture capital partners to create a holistic Web3 and blockchain community, whereby the ecosystem can benefit and grow for a more decentralized future for all. Bijan is also focused on promoting technological innovation throughout the UAE.
Bill Qian
Managing Director and Chief Investment Officer (CIO) at Phoenix Group
Bill is the Managing Director and Chief Investment Officer (CIO) at Phoenix Group. He is responsible for overseeing investments for Phoenix Group and Cypher Capital. Prior to joining Phoenix Group, Bill worked as the Global Head of Fundraising, Mergers and Acquisitions for Binance Labs, the world’s largest cryptocurrency platform, responsible for 55% of the global market share and with transactions worth $34 trillion in 2021.
Before joining Binance, Bill was the Head of Investment for Fintech/Tech at JD (NASDAQ:).COM, a major Asian internet company with over $400 billion in annual e-commerce transactions. He has also worked with Trustbridge Partners, a private equity fund with over $15 billion in assets under management, and has managed more than $20 billion across Web 1.0, Web 2.0, and Web 3.0 projects throughout his career. Bill sees himself as a “web-native investor”, looking for phenomenal founders in the Web 3.0 industry.
Stefan Piech
Founder of Amagi
Stefan Piech, is the founder of Amagi, a Web3 research and advisory firm. He is a Venture Partner at Cypher Capital and author of the book “Tokenomics – Mastering the Art of Token Design”. He previously worked for the Binance Research team. Prior to joining Cypher, he worked as Equity Portfolio Manager at Cape Capital, a Swiss Family Office, and for BlackRock’s European and UK Hedge Fund.
About Phoenix Group:
Phoenix Group, a multi-billion-dollar tech powerhouse headquartered in the UAE, leads the forefront of the blockchain, crypto, and tech revolution, driving innovation to new heights. In 2017, Bijan Alizadeh Fard and Munaf Ali laid the foundation for what would evolve into the Phoenix Group – a conglomerate comprising several thriving businesses. Beyond the web3 sphere, they offer comprehensive solutions, boast a 765MW mining operation, and fuel growth through strategic collaborations and innovation.
Phoenix Group operates multiple mining facilities in the US, Canada, CIS, and the UAE, with each unique company operating in one of four distinct verticals: Mining, Hosting, Trading, and Investments.
Phoenix Group PLC is the region’s first crypto and blockchain conglomerate to be listed on the Abu Dhabi Securities Exchange. It also runs the largest mining farm in the MENA region.
Social presence:
X (Formal Twitter): https://twitter.com/phoenixgroupuae
LinkedIn: https://www.linkedin.com/company/phoenixgroupuae/
Website: https://phoenixgroupuae.com/press/
ContactPhoenix Group PLCir@phoenixgroupuae.com
Macquarie has reaffirmed its expectation that the Federal Open Market Committee (FOMC) will implement a single 25 basis points rate cut following the latest U.S. consumer price index (CPI) data.
The headline CPI in December remained robust, increasing by 0.4% month-over-month, influenced by strong food and energy prices, continuing an accelerating trend that has been observed since mid-2024.
In contrast, the core CPI, which excludes volatile food and energy prices, showed a softer increase of 0.23% month-over-month, marking the lowest reading since July.
This was considered a positive development by Macquarie, especially since core PPI subcomponents released earlier in the week had indicated a potential for a higher inflation reading. The year-over-year core CPI inflation rate held steady at 2.9%.
Macquarie analysts anticipate that the core Personal Expenditures (PCE) price index, a preferred inflation measure by the Federal Reserve, will likely mirror the core CPI’s recent performance.
They also expect core CPI inflation to moderate in the first quarter of the year, aided by favorable base effects and monthly core readings similar to those of December. However, they caution that threatened tariffs could pose an upside risk to inflation beyond the current forecast horizon.
The investment bank maintains that the FOMC is likely to reduce interest rates by 25 basis points only once more, predicting that the most probable timing for this action would be in March or May.
Macquarie also notes that the risks are tilted towards a later date for the rate cut.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
HERNDON, Va. – Beacon (NASDAQ:BECN), a Fortune 500 distributor of specialty building products, has rejected an unsolicited acquisition proposal from QXO, Inc. (NASDAQ:QXO). The offer, dated November 11, 2024, to purchase all outstanding shares of Beacon for $124.25 per share in cash, was unanimously deemed insufficient by Beacon’s Board of Directors. According to InvestingPro data, QXO maintains a strong balance sheet with more cash than debt and a current ratio of 258.64, suggesting ample financial flexibility for potential acquisitions.
The Board, after thorough consultation with independent financial and legal advisors, concluded that the proposal significantly undervalues Beacon’s growth prospects and future value creation potential. Beacon’s Chair of the Board, Stuart Randle, stated that the offer fails to reflect the company’s strategic plan and its potential for growth, emphasizing that Beacon has produced a total shareholder return of over 200% in the past five years. This contrasts sharply with QXO’s market performance, which InvestingPro data shows has declined by nearly 85% over the past year, with particularly volatile stock movements.
Beacon has attempted to engage with QXO to discuss valuation, subject to a standard non-disclosure agreement (NDA), which QXO declined. The company also offered to limit confidentiality obligations and structured the NDA to allow QXO to participate in a proxy contest at the upcoming 2025 annual meeting of shareholders.
Julian Francis, President and CEO of Beacon, expressed confidence in the company’s growth trajectory and the execution of its Ambition 2025 strategy, which aims for above-market growth and operational excellence. While QXO shows promising revenue growth potential with InvestingPro forecasting 92.7% growth for the current year, analysts don’t expect profitability in the near term. Beacon anticipates revealing more about its long-term financial targets at an Investor Day scheduled for March 13, 2025. Get deeper insights into both companies’ valuations and growth metrics with an InvestingPro subscription, which offers exclusive financial health scores and detailed analysis.
J.P. Morgan is serving as Beacon’s financial advisor, with Sidley Austin LLP and Simpson Thacher and Bartlett LLP as legal advisors. Beacon, established in 1928, operates over 580 branches across the U.S. and Canada and is known for its private label brand TRI-BUILT® and the digital account management suite Beacon PRO+®.
The company advises shareholders that no action is needed at this time and plans to file relevant documents with the U.S. Securities and Exchange Commission (SEC) for the upcoming annual meeting.
This news is based on a press release statement from Beacon.
In other recent news, QXO, Inc. has been busy with noteworthy developments. The company’s stockholders approved a key executive compensation plan at the 2024 Annual Meeting, electing all the company’s nominees for director and ratifying the appointment of Marcum LLP as the independent registered public accounting firm for fiscal year 2024. In parallel, QXO has been actively seeking growth through acquisitions, as indicated by its proposal to acquire Beacon Roofing Supply (NASDAQ:), following a declined offer to take over Rexel (EPA:), a French electrical products distributor.
Additionally, QXO has announced the appointment of Ashwin Rao as the new chief artificial intelligence officer. Rao, with over three decades of experience in enterprise AI, is expected to lead QXO’s tech initiatives, including demand forecasting, inventory management, and e-commerce. This move aligns with QXO’s strategy to become a leading tech-forward entity in the building products distribution sector.
Goldman Sachs reiterated its Buy rating on QXO, further signaling confidence in the company’s growth prospects. However, it’s important to note that these plans involve inherent risks and uncertainties, and are not guarantees of future performance. These recent developments reflect QXO’s current plans and expectations, highlighting a period of strategic moves and appointments.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Michael Catelani, the President, Chief Operating Officer, and Chief Financial Officer of Anixa Biosciences Inc. (NASDAQ:), recently purchased 9,289 shares of the company’s common stock. The $71 million market cap company maintains a strong financial position, with InvestingPro data showing a healthy current ratio of 8.54 and minimal debt on its balance sheet. The shares were acquired at a price of $2.15 each, resulting in a total transaction value of $19,971. Following this acquisition, Catelani now directly owns 44,500 shares of Anixa Biosciences. This transaction was reported in a recent SEC filing. The purchase comes as the stock trades near its 52-week low of $2.07, with analyst price targets ranging from $7 to $10. InvestingPro subscribers can access 8 additional key insights about ANIX’s financial health and market position.
In other recent news, Anixa Biosciences has made significant strides in its cancer research efforts. The company has reported a net loss of $3.1 million for the second fiscal quarter of 2024, less than the projected loss of $3.5 million. Analysts from EF Hutton and H.C. Wainwright have initiated and maintained a Buy rating for the company, despite H.C. Wainwright reducing the 12-month price target to $7.00.
Anixa Biosciences also announced a strategic decision to acquire as part of its treasury reserve assets, aiming to diversify its treasury and leverage the anticipated long-term value of digital currencies. In addition to this, the company is continuing its stock buyback program, reinforcing its commitment to increasing shareholder value.
In its ongoing clinical trials, Anixa Biosciences has successfully dosed the first patient in the third cohort of their Phase 1 trial of CAR-T therapy for ovarian cancer. The company, in collaboration with Cleveland Clinic, has shown promising results in its Phase 1 breast cancer vaccine trial with over 70% of patients exhibiting immune responses.
Other recent developments include the announcement of a share repurchase program and the addition of Dr. Sanjay Juneja to the Cancer Business Advisory Board. Anixa Biosciences has also received a Japanese patent for its breast cancer vaccine technology. These are among the recent developments in Anixa Biosciences’ pursuit of advancing cancer treatment and prevention.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Forex2 years agoForex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
How is the Australian dollar doing today?
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex2 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency2 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Commodities2 years ago
Copper continues to fall in price on expectations of lower demand in China
- Forex2 years ago
The dollar is down again against major world currencies
