news - The SiLLC Assembly

Lightning Networks Power Arcario’s LN Markets to Record Q1 2023 Trading Volume

crocon media, April 21, 2023 — [msch] LN Markets, a subsidiary of Arcario, has recorded a record-breaking performance in Q1 2023, according to a report by the company. LN Markets, which uses the Lightning Network to facilitate fast and secure trading of Bitcoin and other digital assets, has reported an all-time high trading volume of over $10 billion. The remarkable growth in trading volumes comes amid growing institutional and retail investor demand for digital assets and financial technology.

The Lightning Network is a payment protocol that enables fast and secure transactions on the Bitcoin network. LN Markets leverages this technology to offer a decentralized trading platform that provides users with a seamless trading experience. LN Markets’ success is testament to the growing acceptance of digital assets in mainstream finance, as more investors look for alternative investment opportunities in a low-interest-rate environment.

Arcario, the parent company of LN Markets, is a leading provider of digital asset trading and investment solutions. The company is committed to providing innovative solutions that enable clients to access the growing digital asset market. Arcario has recently announced plans to expand its offerings to include tokenization and staking services, which will enable clients to invest in a range of blockchain-based projects.

In conclusion, the remarkable performance of LN Markets in Q1 2023 is a testament to the growing demand for digital asset trading and investment solutions. As more investors embrace the opportunities offered by digital assets and financial technology, companies like Arcario are well-positioned to benefit from this trend.

Check out the full details here: https://www.linkedin.com/pulse/arcarios-ln-markets-hits-all-time-high-trading-volumes-remarkable/

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

Neptune Digital Assets Reports Positive Net Income in Q1 2023 and Increases Crypto Holdings

May 2, 2023 [crocon media – dgoldsmith] – Neptune Digital Assets Corp., a publicly traded blockchain company in Canada, has released its February 28, 2023 quarterly consolidated financial statements and management discussion and analysis, providing a snapshot of its performance during the first half of 2023.

The company’s financial highlights include ending the quarter with $37.7 million in assets and no debt, earning total revenues and other income of $1.9 million through Bitcoin mining, staking, DeFi and other income-generating activities during the six month period, mining $1,106,951 worth of Bitcoin up to February 28, 2023, and holding a total balance of 244 Bitcoin in cold storage and an additional 64 Bitcoin under chapter 11 claims with Genesis and Celsius.

The company’s two largest digital asset holdings are 244 BTC and 175,000 ATOM, and it also holds positions in ETH, FTM, wMemo, DASH, Lif3, Tomb, GRT, OCEAN and other tokens, as well as an investment in SpaceX valued at approximately $2 million USD.

While Neptune has had a number of difficult quarters, it finished the quarter with a positive net income and a healthy treasury balance for further growth as the markets improve.

Check out the full details here: https://neptunedigitalassets.com/neptune-digital-assets-announces-comprehensive-net-income-of-2-7-million-in-q2/

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Disclaimer
All transactions are carried out by The SiLLC Assembly, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to provide general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relate to The SiLLC Assembly International.

Kraft Heinz reports strong Q1 2023 financial results, raising 2023 EBITDA guidance

May 4, 2023 [crocon media – msteph] – Kraft Heinz has reported a solid financial performance for Q1 2023, with net sales of $6.5 billion, an increase of 7.3% compared to the same period last year. The organic net sales grew by 9.4%, driven by growth in Foodservice, Emerging Markets, and U.S. Retail GROW platforms. The company has reported a net income of $837 million, an increase of 7.1% YoY. The increase in net income was primarily driven by higher adjusted EBITDA and lapping non-cash impairment losses in the prior year period. The company’s adjusted EBITDA increased by 10.3% YoY to $1.5 billion. Diluted EPS was $0.68, up 7.9% compared to the prior year period.

Kraft Heinz has reaffirmed its 2023 Organic Net Sales growth expectation of 4% to 6% compared to 2022. The company has raised its 2023 Constant Currency Adjusted EBITDA guidance to growth of 4% to 6% compared to 2022. The company has also raised its 2023 Adjusted EPS guidance to be in the range of $2.83 to $2.91, which includes a negative impact of approximately $0.04 from expected unfavorable changes in non-cash pension and post-retirement benefits and a currency headwind of approximately $0.02 at current foreign exchange rates.

Kraft Heinz’s Board of Directors has declared a regular quarterly dividend of $0.40 per share of common stock payable on June 30, 2023, to stockholders of record as of June 6, 2023.

Overall, the company’s strong Q1 2023 results and raised guidance suggest that it is well positioned to deliver growth and create value for its shareholders.

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