Posted by AGORACOM-JC
at 7:47 AM on Friday, January 22nd, 2021
Company has been selected by bdG Sports to provide its complete venue management platform to the Paiute Las Vegas Championship, a Korn Ferry Tour event, which will be played April 12-18, 2021 at the Las Vegas Paiute Golf Resort.
Korn Ferry Tour is the developmental tour for the U.S.-based PGA Tour and features professional golfers who have either not yet reached the PGA Tour, or who have done so but then failed to win enough FedEx Cup points to stay at that level
VANCOUVER, British Columbia, Jan. 22, 2021 — Loop Insights Inc. (MTRX:TSXV OTCQB:RACMF) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated venue tracing to the brick and mortar space, is pleased to announce the Company has been selected by bdG Sports to provide its complete venue management platform to the Paiute Las Vegas Championship, a Korn Ferry Tour event, which will be played April 12-18, 2021 at the Las Vegas Paiute Golf Resort.
KORN FERRY FEATURES OVER 20 TOURNAMENTS IN 2021 AS DEVELOPMENT TOUR FOR PGA TOUR
The Korn Ferry Tour is the developmental tour for the U.S.-based PGA Tour and features professional golfers who have either not yet reached the PGA Tour, or who have done so but then failed to win enough FedEx Cup points to stay at that level. Since the 2013 season, the Korn Ferry Tour has been the primary pathway for those seeking to earn their PGA Tour card.
The tournament will have a full field of 156 players who will compete for a $600,000 purse. More importantly, participants will be competing in a season-long points race with the Top 25 finishers of the regular season earning PGA TOUR cards for the 2021-22 season. Local members of the Tour include Harry Hall, David Lipsky, Taylor Montgomery, and John Oda.
The implementation of Loop’s venue management platform at the Paiute Las Vegas Championship is another significant vote of confidence from the professional sports world following the successful deployment of our venue management platform at multiple live events.
Posted by AGORACOM-JC
at 7:52 AM on Tuesday, January 19th, 2021
Loop Customers and Enterprise Clients Keep Pace With Fortune 500 Shift In Digital Currencies
Announced the final integration of major cryptocurrency payments into the Company’s contactless payment platform. Initial integration was prepared in 2018, with patents filed in 2019 and put on standby in anticipation of today’s global commerce and regulatory acceptance of cryptocurrency payments.
VANCOUVER, British Columbia, Jan. 19, 2021 — Loop Insights Inc. (MTRX:TSXV RACMF:OTCQB) (the “Company” or “Loop”), a provider of contactless solutions and artificial intelligence (“AI”) to drive real-time insights, enhanced customer engagement, and automated contact tracing to the brick and mortar space, is pleased to announce the final integration of major cryptocurrency payments into the Company’s contactless payment platform. Initial integration was prepared in 2018, with patents filed in 2019 and put on standby in anticipation of today’s global commerce and regulatory acceptance of cryptocurrency payments.
The methods described in the 2019 patent application provide a unique method of facilitating and verifying cryptocurrency payments, all performed with the fundamental Loop principle of not requiring POS integration to achieve these goals.
Loop Insights CEO Rob Anson stated: “Whereas many companies try to use cryptocurrencies as a buzz word, Loop has been way ahead of this global paradigm shift to the delight of our customers and partners who want be ahead of what we anticipate being a parabolic growth decade for cryptocurrency transactions and payments. Our Fobi device is already configured to accept leading cryptocurrencies including Bitcoin, Ethereum, and Litecoin, providing retailers with new long-term opportunities for growth and Enterprise partners with an even stronger value proposition that already includes our world-leading artificial intelligence-driven, real-time transaction technology.”
Tags: AI, Amazon, artificial intelligence, Big data, Bitcoin, covid19, Covid19 tracing, crypto, CSE, Ethereum, Fobi, litecoin, Passcreator Posted in Loop Insights Inc. | Comments Off on Loop Insights $MTRX $RACMF Integrates #Bitcoin, #Ethereum and #Litecoin Into Contactless Payments Platform For Retail Customers and Enterprise Partners, With Patent-Pending Technology Filed in 2019, As #Cryptocurrency Payments Undergo Global Paradigm Shift Toward Mass Acceptance In 2021 $AT.ca $QTRH.ca $SNSR $BSQR $PTS.ca
On Wednesday evening, the collective value of all cryptocurrencies crossed $1T (with a frickin “T”). And on Thursday, Bitcoin, the most prominent coin, hit $40k — 2x its price from just a month ago.
While these are huge milestones for the industry, it may not even be the most consequential ones of the week.
The Office of the Comptroller of the Currency (OCC) — a bank-regulating bureau within the Treasury Department — has issued guidance saying banks may adopt certain blockchain technologies.
By: Trung T. Phan
On Wednesday evening, the collective value of all cryptocurrencies crossed $1T (with a frickin “T”). And on Thursday, Bitcoin, the most prominent coin, hit $40k — 2x its price from just a month ago.
While these are huge milestones for the industry, it may not even be the most consequential ones of the week.
The Office of the Comptroller of the Currency (OCC) — a bank-regulating bureau within the Treasury Department — has issued guidance saying banks may adopt certain blockchain technologies.
Specifically, chartered banks can deploy stablecoins, which are more… er… stable than other crypto because they’re pegged to other assets.
The OCC has been very forward-looking on payments…
… since a former Coinbase executive, Brian Brooks, took over the bureau in May 2020.
Issued guidance allowing banks to custody cryptocurrencies
Created a special payment charter for fintech firms
One DC lawyer said the OCC was similarly ahead of the pack on internet banking, and the latest guidance (AKA an interpretative letter) will help make crypto more mainstream.
What does this really mean?
Jeremy Allaire, CEO of blockchain payments startup Circle, says the OCC’s move is important because it:
Allows banks to treat blockchain like other payments infrastructure (e.g., SWIFT, ACH)
Enables banks to use decentralized and faster settlement technology
Creates a path for the US to create its own digital currency (AKA a “USDC”)
Furtner, Forbes notes that there’s a huge opportunity to improve the speed of cross-border transactions if US banks deploy blockchain.
The changes are happening too fast for some
In November, 6 members of Congress criticized the OCC for moving “unilaterally” on crypto regulation.
The OCC itself acknowledges that banks must expand “compliance programs” to deal with any blockchain-related transactions.
Meanwhile, another US bureau with the Treasury Department, the Financial Crimes Enforcement Network (FinCEN), released more stringent rules on data collection for digital wallets.
Crypto is moving fast, but there are still some hurdles to clear until the next trillion (with a frickin’ “T”) in market value is created.
Posted by AGORACOM-JC
at 9:40 AM on Wednesday, January 6th, 2021
Company issued 3,555,556 Units at a price of $0.225 per Unit for gross proceeds of $800,000. Each Unit is comprised of one common share (each a “Common Share”) and one Common Share purchase warrant (a “Warrant”).
Each Warrant entitles the holder thereof to purchase one Common Share (each, a “Warrant Share”) at a price of $0.30 per Warrant Share for a period of 24 months following the closing of the Private Placement.
TORONTO, Jan. 06, 2021 — Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) of units (the “Units”) with a group of strategic investors. The Company issued 3,555,556 Units at a price of $0.225 per Unit for gross proceeds of $800,000. Each Unit is comprised of one common share (each a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share (each, a “Warrant Share”) at a price of $0.30 per Warrant Share for a period of 24 months following the closing of the Private Placement. In connection with the Private Placement, the Company will pay a finder’s fee equal to 7% of the gross proceeds of the Private Placement.
As at September 30, 2020, the Company had a cash position of $41,017. The Company subsequently completed private placements on October 6, 2020, November 10, 2020 and November 30, 2020 for aggregate gross proceeds of $450,000. Combined with the current Private Placement, the Company has substantially strengthened its balance sheet and improved its financial flexibility. The proceeds from the Private Placement will be used to accelerate the Company’s product strategy and hire development personnel.
Posted by AGORACOM-JC
at 9:24 AM on Monday, December 21st, 2020
Entered into the second phase of a blockchain development agreement with a client in the General Data Protection Regulation compliance space
This phase of the Agreement is valued at approximately $60,000 and will last for approximately seven weeks.
The prior, initial phase of the Agreement was valued at approximately $50,000 and has now been completed.
Client expects to undertake more product development beyond the MVP phase and BCF will have the opportunity to establish itself as the preferred vendor for future development initiatives.
TORONTO, Dec. 21, 2020 – Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, has entered into the second phase of a blockchain development agreement (the “Agreement”) with a client (the “Client”) in the General Data Protection Regulation (“GDPR”) compliance space. This phase of the Agreement is valued at approximately $60,000 and will last for approximately seven weeks. The prior, initial phase of the Agreement was valued at approximately $50,000 and has now been completed. For more information on the initial engagement please refer to the Company’s press release dated October 5, 2020.
GDPR is a regulation in EU law concerning data protection and privacy. The market for GDPR compliance services in Europe is estimated to be worth approximately US$1.2 billion by 2023 1 .
Pursuant to the Agreement, BCF will work with the Client to complete the MVP of its GDPR compliance solution. The Client expects to undertake more product development beyond the MVP phase and BCF will have the opportunity to establish itself as the preferred vendor for future development initiatives.
About Blockchain Foundry Inc.
Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses.
Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.
Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.
Posted by AGORACOM-JC
at 8:35 AM on Thursday, December 3rd, 2020
We all remember the crash of “blockchain” smallcap stocks a couple of years back, which was actually a crash of blockchain pretenders who used the term to build stock promotions, as opposed to building actual blockchains.
Like the dot-com crash of 2000, which bankrupted “dot-com” companies but gave birth to the likes of Google, Amazon, Linkedin because they built actual utility and value, the same can be expected of the blockchain crash and its resurgence.
Blockchain Foundry is a “Blockchain 2.0” company that has survived and is thriving. More than just lip service, take a look at the following highlights:
Revenue for 9 months of 2020 (ending Sept 30) ~$1.1M
113% Year Over Year Growth
Net Income $140,000 = $610,000 Improvement
Completed development agreement with a large Canadian financial institution valued at approximately C$400,000;
Partnered with Binance, the largest digital asset trading platform in the world, to leverage the Syscoin platform.
5 Active Clients + Robust Pipeline
Conclusion – BCFN is a smallcap Blockchain company with Real Customers, Real Revenues and Real Income
Watch this interview with Dan Wasyluk, CEO of Blockchain Foundry
Stablecoin pioneer Uphold is claiming to have launched the first tradable retail carbon token.
The Universal Protocol Alliance, a coalition of blockchain companies led by Uphold and including Bittrex Global, Ledger, Certik and Infinigold, announced the Universal Carbon (UPCO2) token Tuesday.
By: Ian Allison
Each blockchain-based UPCO2 token represents a certified measure of carbon dioxide. They can be bought and held as an investment, or burned to offset a company or individual’s carbon footprint, the group said.
A rather overloaded term, “carbon credits” can refer to both government-issued credits traded on regulated markets, and voluntary carbon offsetting where credits can help remove emissions via projects that plant trees, for instance. Blockchain technology has been touted as a way to prevent the double counting (or double spending) of carbon credits in all areas and markets.
Uphold is starting out by tokenizing voluntary carbon credits, in particular REDD credits that are of high quality, easy to understand and make up about 58% of the voluntary carbon market, explained JP Thieriot, co-founder of the UP Alliance and CEO of Uphold. Each UPCO2 Token represents one year-ton of CO2 pollution averted by a certified REDD+ project preventing rainforest loss or degradation, he said.
Based on the Ethereum ERC-20 standard, the tokens are backed by a Voluntary Carbon Unit (VCU), a digital certificate issued by international standards agency Verra, which allows certified projects to turn their greenhouse gas (GHG) reductions into tradable carbon credits.
Today, the retail market for voluntary carbon credits – via sites like TerraPass or Cool Effect – allow access, but not holding or trading, which is the important distinction, said Thieriot.
“We are the first people in the world that are making these credits accessible to retail, and holdable,” he told CoinDesk in an interview. “So there’s lots of retail sites that allow you to offset the trip you just took to New Zealand or give somebody a clever Christmas present. But they don’t allow the buying and holding for investment or speculative purposes.”
When he began looking at voluntary credits as fungible assets, Thieriot expected the prevailing “NGO mindset” was probably going to be sceptical of a project to harness a younger generation’s speculative interest.
“Actually, every single conversation we had, people totally got it. They all understood that if we can pull that trick off, it could change the world,” Thieriot said.
Voluntary carbon offsetting is also of interest to companies like Amazon and Microsoft and Nike, said Thieriot, who are no longer interested in waiting around for governments to take the lead, and have set out to neutralize their current carbon footprint, or even their entire historical footprint, by their own initiative.
Meanwhile, demand for carbon credits is set to outstrip supply by a factor of four to one in 2020, according to the World Bank. And a change in the political climate in the U.S. looks likely, with President-elect Joe Biden announcing a climate administration.
The UPCO2 tokens are to undergo a “curing process,” which amounts to a primary issuance, said Thieriot, whereby they will be made available from today on the Uphold platform.
“Initially we are going to offer it on Uphold for about four to six weeks and then Bittrex Global will light it up,” Thieriot said. “And then we’d like every exchange in the world to pick them up.”
Posted by AGORACOM-JC
at 9:34 AM on Tuesday, December 1st, 2020
TORONTO, Dec. 01, 2020 – Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, is pleased to report its financial results for the three and nine months ended September 30, 2020. The Company’s full Financial Statements and Management Discussion & Analysis (“MD&A”) are available at www.sedar.com . All amounts are reported in Canadian dollars unless otherwise stated.
Financial Highlights
The following table summarizes revenue and net income (loss) for the three and nine months ended September 30, 2020 and September 30, 2019.
Three monthsended September30, 2020
Three months ended September 30, 2019
Change
Percentage Change
Revenue
227,410
214,744
12,666
6%
Net Income
74,334
38,935
35,399
91%
Ninemonthsended September30, 2020
Nine months ended September 30, 2019
Change
Percentage Change
Revenue
1,124,081
526,714
597,367
113%
Net Income (Loss)
141,974
(467,322)
609,296
not meaningful
“In Q3 2020, BCF achieved positive net income and an increase in revenue compared with Q3 2019. This outcome was a direct result of increased client development activity as well as growing market acceptance of blockchain technology. The Company has five active clients in various project stages, and our pipeline is robust. We have also taken the opportunity to capitalize the business over the last few months. We are well positioned to continue expanding our consulting business and begin to explore product opportunities that take advantage of our significant expertise in the blockchain space,” said Dan Wasyluk, CEO of Blockchain Foundry.
Outlook
The Company continues to develop its suite of blockchain infrastructure technology products and build its blockchain development and advisory business.
On the product side, BCF is building core technology to enable highly scalable, low cost, high speed blockchain transactions (Z-DAG), allow users to incorporate multiple blockchain systems within the same project (Syscoin-Ethereum bridge), and initialize custom blockchain tokens (Spark Wallet). BCF’s technology infrastructure is suitable for a variety of use cases where speed, scalability, fees and security are important factors, including stablecoin projects, loyalty applications, digital identities, and remittance services.
On the advisory side, BCF endeavours to work with clients who share the same priorities and vision for what blockchain technology can achieve for governments, businesses and consumers. To date, BCF has worked with clients across industries including digital identity, financial services and token wallet and development infrastructure.
Q32020BusinessHighlightsand Subsequent Events
Entered into a blockchain development agreement with NIX Platform. The agreement has a duration of approximately 6 months and a value of approximately $60,000. For more information please see the Company’s press release dated September 1, 2020.
Entered into a blockchain development agreement with a GDPR compliance solution provider. The initial phase of the agreement has a duration of approximately 4 weeks and a value of approximately $50,000. For more information please see the Company’s press release dated October 5, 2020.
Entered into an agreement for a drawdown equity financing facility of up to $4 million over a 24-month period with Alumina Partners (Ontario) Ltd., a subsidiary of Alumina Partners LLC, a New York-based private equity firm. Subsequently, the Company has drawn down three tranches under this agreement for total gross proceeds of $450,000. For more information please see the Company’s press releases dated October 6, 2020; November 10, 2020; and November 30, 2020.
About Blockchain Foundry Inc.
Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses.
Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.
Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.Although BCF has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. BCF disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Cryptocurrency is steadily winning grounds. You can use cryptocurrency as an investment or a means of payment. It’s a digital alternative to cash or credit cards to make everyday payments. In the past, the crypto business sounded scary. But many are now gaining trust and investing in the different types of cryptocurrencies available.
What is blockchain cryptocurrency?
Blockchain cryptocurrency is a digital asset that works as a medium of exchange. It’s different from the common traditional currencies in that it works on digital channels with strong encryption to secure all online financial transactions. The encryption layers also control the creation of additional units and also verify the transfer of assets. There are various types of blockchain cryptocurrencies such as:
1. Bitcoin
Bitcoin is one of the commonly used currencies. It’s perceived to be an original cryptocurrency and was created in 2009. Bitcoin uses blockchain technology and enables users to make peer-to-peer transactions. The transactions are secured through an algorithm within the blockchain. You can view the transactions, but only the bitcoin owner can decrypt it using a private key.
Bitcoins are different from bank transactions in that there’s no central regulatory authority. The users manage and control the transactions, which allows for anonymous exchanges. You can use Bitcoin to pay bills using Bitcoin debit cards. You can also use Bitcoins in Bitcoin licensed casinos to pay for poker and slot games.
2. Litecoin
Litecoin is a Bitcoin alternative, which was launched in 2011. Like other cryptocurrencies, it’s an open-source and a global payment network. Is there a difference between Litecoin and bitcoin? Yes, some are listed below; Litecoin offers faster transaction times than bitcoin The coin limit for Litecoin is 84 million, while the limit for Bitcoin is 21 million. Both use different algorithms; Litecoin is a scrypt, while Bitcoin is SHA-256.
3. Bitcoin Cash
Bitcoin cash is a type of digital currency. It was designed to enhance some of the Bitcoin features and came with many gains. The cryptocurrency was launched in 2017 and enhanced the block sizes, enabling more and faster transactions. The launch of Bitcoin Cash was supported by some key Bitcoin investors, such as Roger ver, who was for the idea that Bitcoin’s block size limit inhibits its ability to scale or accrue value.
4. Stellar Lumen
Stellar Lumen operates as an intermediary currency and facilitates currency exchange. It’s borderless and allows for exchanges between different currencies from one owner to another. With Stellar, you can create, send, and trade in different digital forms of money, pesos, dollars, Bitcoin, and many more. It allows the world’s financial systems to operate on a single network.
5. Ethereum
Ethereum is an open-source platform and a type of blockchain technology lanced in 2015. Ethereum is accessible worldwide, and you can use it to write codes that control digital values and run as programmed.
It helps in the tracking of ownership of digital currency transactions. It also runs the programming code on decentralized applications allowing application developers to use the Ethereum network for paying the transaction fees and services.
Conclusion
Cryptocurrencies are now used as a payment mode, and you can use them to pay bills in places that allow such transitions. To trade in cryptocurrency, choose an exchange wisely. Besides, cryptocurrencies aren’t regulated by a centralized body.
When it comes to elections, Jim Rogers has always maintained a simple stance – the markets are not going to change that much!
Rogers affirms his positive stance on Gold & Silver, asks investors not to sell. He owns a few US Dollars too. “When the US$ gets overpriced in the next year or 2 or 3 then i will sell it. I hope I get my timing right”, says Jim Rogers.
Rogers identifies Blockchain as the next big disruptor to economies, industries and jobs
When it comes to elections, Jim Rogers has always maintained a simple stance – the markets are not going to change that much! He does note though that history shows that if the incumbent president wins then the stock market is likely to go up next year but if the challenger wins then the odds are lower. The challenger tends to have a ‘clean up’ attitude, according to Rogers. But he does add that regardless of who the boss of the White House will be, the Fed and Central Banks world over will continue printing money.
On the candidates and their expected policies, Rogers says economies never like taxes being raised which is something Joe Biden has indicated as his potential policy action. Raising taxes has rarely been good for the market, says Rogers. He further expects Democrats to curtail the big energy firms, break up the big tech companies.
His allegiance to Gold & Silver remains. Rogers continues to maintain his stance of an expected continued run-up in both precious metals and advises investors to not sell any of these. He continues to own a few US Dollars as well. “When the US$ gets overpriced in the next year or 2 or 3 then I will sell it. I hope I get my timing right,” says Rogers.
Rogers identifies BlockChain as the next big disruptor. “Blockchain is going to change everything we know,” says Rogers. He believes that some big financial firms could even disappear in the tech wave while some may manage to make the Banking-Fin Tech transition.
