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Life Clips, Inc. (OTC Pink: LCLP) announced its subsidiary Belfrics Group will relaunch its cryptocurrency exchange in India, targeting over 1 million traders with plans to open 200 independent crypto centers in 6 months. The exchange will offer 25 coins, with an anticipated 30% of monthly volume from India. Belfrics aims for an initial client base of 100,000, expanding to 1 million in 6-12 months. India's crypto market has grown 600% in the past year, with only 7.3% of the population currently engaged in trading.
Life Clips (OTC Pink: LCLP) is optimistic about Apple's partnerships with UCLA and Biogen to analyze iPhone data for mental health insights, aligning with its own Cognitive Apps technology. CEO Dr. Gopishetty highlighted the potential for early intervention in mental health conditions using AI-driven voice biomarkers. Apple's studies involve 20,000 participants aiming to detect cognitive decline and stress-related issues in 3,000 participants. The company believes this trend in mental health monitoring presents a significant opportunity for its diagnostics platform.
Life Clips, Inc. (LCLP) announces its subsidiary, Belfrics International Limited, is fully operational, providing clients with access to crypto derivatives and leveraged forex instruments. This development follows the acquisition of a money broker license from the Labuan Financial Services Authority in Malaysia. Belfrics, recognized for its blockchain technology, operates in 8 countries with 10 offices, providing a regulated trading platform for digital assets and derivatives. The company aims to expand its market presence while leveraging its patented KYC verification system.
Life Clips, Inc. (LCLP) has announced that its subsidiary, Belfrics International Limited, will launch Leveraged Forex Instruments and Crypto Derivative Contracts starting October 2, 2021. This move comes as crypto derivative volumes surged by 54% to over $710 billion in August. Belfrics aims to capture significant market share and has plans to relaunch its cryptocurrency exchange in India while opening 22 centers there. With daily trading volumes exceeding $10 million across 15 crypto pairs, Belfrics seeks to leverage its platform to cater to both retail and institutional traders.
Life Clips (OTC Pink: LCLP) has announced the integration of its subsidiaries Belfrics and Cognitive Apps Software Solutions. Management teams from all entities recently convened in Dubai to strategize on post-merger collaboration. Belfrics, a major player in blockchain technology and cryptocurrency exchanges across multiple countries, is recognized by Gartner for its innovative solutions. Meanwhile, Cognitive Apps offers an AI-driven mental health analytics platform. The cooperation aims to enhance compliance and improve mental health technology, leveraging the strengths of both subsidiaries.
Life Clips, Inc. (LCLP) has successfully closed the acquisition of Belfrics Holdings Limited, enhancing its position in the blockchain and cryptocurrency sectors. Belfrics, founded in 2014, operates compliant cryptocurrency exchanges and blockchain services across Asia and Africa. The company, regulated by the Labuan Financial Services Authority, has ten offices in eight countries and is renowned for its KYC and AML compliance technology. With the integration of Belfrics, Life Clips aims to leverage new revenue streams and expand its market reach in the growing cryptocurrency landscape.
Life Clips, Inc. (OTC Pink: LCLP) has successfully completed its acquisition of Belfrics Group, a global blockchain technology firm specializing in cryptocurrency exchanges. The acquisition encompasses operations in several countries including Malaysia, Singapore, and Nigeria. Belfrics' CEO, Praveen Kumar, will continue leading the company under Life Clips. CEO Robert Grinberg highlighted the acquisition as a strategic move aimed at capitalizing on the growing blockchain and cryptocurrency markets, enhancing shareholder value.
Life Clips (LCLP) and Belfrics Group announced the launch of leveraged FOREX instruments and crypto derivative contracts starting September 2021. This initiative aims for over $2 billion in monthly trading volumes. The collaboration follows a reprimand against Binance by the Securities Commission Malaysia. Belfrics’ CEO highlighted the opportunity in the crypto derivative market, while pointing to a strategic partnership with Hybrid Solutions for an advanced trading platform.
Life Clips announced that Belfrics Tanzania successfully conducted a workshop with the Tanzanian government on blockchain technology, highlighting its Belrium blockchain's potential benefits.
CEO Robert Grinberg emphasized Tanzania's economic growth and strategic importance, while Praveen Kumar, Belfrics CEO, showcased the blockchain's applications in national projects. The company plans to close its acquisition of Belfrics Group by the end of Q3 2021, aiming to enhance blockchain utility in sectors like healthcare and certification.
Life Clips (LCLP) recently announced its agreement to acquire Belfrics Group, a blockchain technology firm. The acquisition aims to enhance Life Clips’ operations in the cryptocurrency market, with an expected completion by Q3 2021. Additionally, the company has filed for a 1-for-15 reverse stock split to manage its large share count, aiming for a Nasdaq listing. Life Clips has yet to sell shares from its Regulation A offering filed in April 2021, intending to support its growth initiatives. The firm also reported $2.43 million in convertible notes payable, demonstrating management's strategy to stabilize its financial position.
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