The OLB Group, Inc. (NASDAQ:OLB) a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, issued the following open letter to shareholders today from Ronny Yakov, Chairman and CEO. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220505005251/en/ (Graphic: Business Wire) Dear Fellow Shareholders: We are pleased to provide you with an […]

OLB Group’s Chairman and CEO Issues Open Letter to Shareholders Providing a Status Update on eCommerce Fintech Services and Cryptocurrency Plans
– We are on track as the company eCommerce Revenue Run Rate Increased from $10 Million to Over $36 Million with the recent Acquisition – First Revenue Contribution from Bitcoin Mining Operations to be Recognized in the First Quarter as we started mining at the end of 2021 NEW YORK, May 05, 2022 –( BUSINESS […]

Online retail ETF tanks as ecommerce giants Wayfair, Etsy, and eBay sell-off
izzetugutmen/iStock via Getty Images The ProShares Online Retail ETF (NYSEARCA: ONLN ) has been crushed in early Thursday trading; the exchange traded fund is down 7.5% as many ecommerce giants that construct the fund are down more than 15%. ONLN has a total of 40 holdings but three names specifically eBay (NASDAQ: EBAY ), Etsy […]

OLB Group’s Chairman and CEO Issues Open Letter to Shareholders Providing a Status Update on eCommerce Fintech Services and Cryptocurrency Plans
– We are on track as the company eCommerce Revenue Run Rate Increased from $10 Million to Over $36 Million with the recent Acquisition – First Revenue Contribution from Bitcoin Mining Operations to be Recognized in the First Quarter as we started mining at the end of 2021 NEW YORK, May 05, 2022 –( BUSINESS […]

USD 44.61 Bn growth in Cross-border E-commerce Logistics Market | Driven by increasing penetration of mobile computing devices | Technavio
NEW YORK, May 4, 2022 /PRNewswire/ — The global cross-border e-commerce logistics market size is expected to increase by USD 44.61 billion between 2020 and 2025, expanding at a CAGR of 11% during the forecast period. The report identifies APAC as the largest market. The presence of a large consumer base for e-commerce product suppliers […]

Sluggish Sales Prompt Alibaba to Go After Thrifty Shoppers
Chinese technology firm Alibaba Group is trying to regroup and regain its financial footing by focusing its eCommerce efforts on its Taobao Deals app, which reaches an estimated 930 million people in third-tier cities, the Financial Times reported on Wednesday (May 4). Alibaba launched the Taobao Deals app in March 2020 to target bargain hunters, […]

nFLARE Technology Shines a Spotlight on a Unique Model of NFT Marketplaces
We are at a point in time where “NFT” is a household term. According to DappRadar, NFT market capitalization has passed $22 billion, a 22,000% growth compared to the same period a year ago. So as digital asset ownership seems to be reaching a peak, the question now is – what’s the next big thing […]

How Are Brands Investing in the Virtual Economy?
PHOTO: Adobe Stock If you participate in online gaming, either on a game console, mobile device or PC, it’s very likely you’ve already invested in the virtual economy. The virtual economy is an emergent economy that exists in a digital virtual world , where virtual goods are bought, sold and exchanged using virtual currency, typically […]

How Are Brands Investing in the Virtual Economy?
PHOTO: Adobe Stock If you participate in online gaming, either on a game console, mobile device or PC, it’s very likely you’ve already invested in the virtual economy. The virtual economy is an emergent economy that exists in a digital virtual world , where virtual goods are bought, sold and exchanged using virtual currency, typically […]

Flipkart launches Flipkart Labs to enhance ecommerce through AR, NFT, more
Flipkart Labs will be housed in the Product Strategy and Deployment (PSD) arm of the Flipkart Group, and will be based out of its Bengaluru headquarters. Flipkart announced the launch of Flipkart Labs to build and create technology-based solutions for redefining ecommerce and enhancing the shopping experience for millions of customers. Based out of its […]