Welcome to our dedicated page for Sec First Intl news (Ticker: SCFR), a resource for investors and traders seeking the latest updates and insights on Sec First Intl stock.
Security First International Holdings, Inc. (OTC:SCFR) generates news across several technology and digital asset themes. Company press releases describe SCFR as a diversified holding company and technology incubator active in software, blockchain-based services, augmented reality, conversational AI, and innovative financial solutions tied to Bitcoin and digital assets.
News coverage for SCFR includes announcements about a joint venture with the BTCx Developer Team to create a shareholder-backed, non-custodial Bitcoin treasury reserve using the BTCx derivative token. These updates explain how the company aims to obtain Bitcoin price exposure through BTCx tokens backed by shareholder-controlled Bitcoin reserves, with an emphasis on decentralization and self-custody.
Other SCFR news items highlight product and platform launches. These include AuthuSign.io, an e-signature platform that uses cryptography and blockchain with a Commitment to a Document Hash approach; OptoBiz, a conversational AI service designed to support business operations; and a Virtual Blockchain Smartphone concept that registers smartphones on the blockchain for wallet services. Earlier releases describe the Global Positioned Content Network, which organizes content by GPS coordinates, and ViRiZ Go, a web-based augmented reality mobile game integrated with the Waze navigation app.
SCFR has also issued updates about its share structure and trading float, discussing its status as a non-DTC company and its review of potential naked short selling and failures to deliver in its stock. Investors and observers using this news page can follow these types of announcements, ranging from technology launches and blockchain initiatives to corporate communications about trading activity and strategic direction.
Security First International Holdings (OTC:SCFR) has announced a strategic joint venture with the BTCx Developer Team to implement an innovative Bitcoin treasury management system. The groundbreaking partnership introduces a unique "shareholder-backed derivative reserve" model where SCFR shareholders can voluntarily contribute Bitcoin to a secure MPC vault while maintaining custody of their private keys.
Participating shareholders will receive BTCx tokens at a 1:1 peg with their locked Bitcoin. SCFR's treasury will then acquire these BTCx tokens, gaining Bitcoin exposure while preserving decentralization principles. The system features enhanced security through multi-party computation vaults and decentralized proof-of-reserve protocols, managed by BTCx developers.
Security First International Holdings (OTC PINK:SCFR) has launched AuthuSign.io, a revolutionary e-signature platform that prioritizes security and privacy. The platform utilizes cutting-edge cryptography and blockchain technology to address vulnerabilities in traditional e-signature solutions. AuthuSign.io employs a unique approach called Commitment to a Document Hash (CDH), where users sign a cryptographic hash of the document rather than the entire content.
Key benefits include enhanced security through cryptography verification, unparalleled privacy as document content is not stored on the blockchain, global accessibility, and a simplified workflow. The platform is designed to cater to various industries, including real estate, finance, healthcare, and legal sectors.
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Security First International Holdings, Inc. announced on April 25, 2023, a comprehensive investigation into trading anomalies related to its stock. The company suspects instances of naked short selling and significant fails to deliver (FTD) by various brokerage firms. Naked shorting, which is illegal, involves short selling shares that have not been confirmed to exist. The company highlighted that many firms fail to hold adequate shares for their clients, potentially creating an imbalance in the market and resulting in the circulation of phantom shares. This situation could lead to an oversold market, undermining true market execution. Security First aims to keep its shareholders informed of its findings as the investigation progresses.
Security First International Holdings (OTC PINK:SCFR) has launched a Virtual Blockchain Smartphone (VBS) that allows users to register their smartphones for cryptocurrency transactions directly on the Blockchain. This innovative service is compatible with all 295 million connected smartphones in the U.S. and does not require prior registration. Users can easily activate the VBS through a straightforward three-step process involving their Mobile Phone Number and Device IMEI. Additionally, the company plans to AirDrop cryptocurrency to activated devices in the near future. The VBS is currently patent pending.
Security First International Holdings, Inc. (OTC PINK: SCFR) is set to undergo a name change to Incubar to better represent its focus on incubating augmented and virtual reality technologies. This rebranding reflects the company's commitment to supporting startups with consulting, resources, and education. An independent accounting firm is currently appraising its technology assets. Along with the name change, a refreshed logo and website will be introduced, pending FINRA approval. Importantly, the company's ownership structure remains unchanged.
Security First International Holdings (OTC PINK:SCFR) has launched the Global Positioned Content Network (GPCN), an innovative information system that utilizes GPS coordinates for content storage and retrieval. Users can access various media types through hubs located at specific geographic coordinates using compatible mobile devices. The company plans to offer GPS registration for verified business locations and is currently determining pricing structures. CEO Brian Fowler projects GPCN as a potential evolution of the World Wide Web.
Security First International Holdings (OTC PINK:SCFR) has launched ViRiZ Go, a location-based augmented reality mobile game, in partnership with the WAZE community. This web-based game allows users to find virtual 3D objects, specifically Virtual Easter Eggs this Easter Sunday, through the WAZE app. The global augmented reality gaming market is projected to grow from $4.7 billion in 2020 to $28.6 billion by 2026, indicating strong potential for ViRiZ Go as a leader in this space.
Security First International Holdings, Inc. (OTC PINK:SCFR) has launched ViRiZ Go, an augmented reality (AR) mobile game now accessible to the WAZE community. This web-based game uses GPS data to allow users to discover virtual 3D objects through the ViRiZ virtual camera. ViRiZ Go integrates with the WAZE navigation app, which boasts 143 million active users and 420,000 monthly volunteers. The global AR gaming market is projected to grow from US$ 4.7 billion in 2020 to US$ 28.60 billion by 2026, indicating a promising future for ViRiZ Go in this expanding sector.
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