Block One Capital Inc. (OTCQB: BKPPF) (TSX-V: BLOK.V) - Breaking News

September 20, 2018

Finzat Block and Thomas Ho Company Ltd (THC) announce launch of first blockchain powered loan transaction network.


Vancouver, BC - September 20, 2018  - Block One Capital Inc. (OTCQB: BKPFF) (TSX-V: BLOK.V) (the “Company” or “Block One”), an investment company focused on early stage and high growth opportunities in the blockchain sector, is pleased to provide the following corporate update.

Finzat Block LLC (“Finzat”), a Block One Capital fin-tech portfolio company, has formed a strategic partnership with Thomas Ho Company Ltd. (“THC”), to provide the first-ever loan transaction capabilities built on blockchain technologies. THC is a New York based nationally recognized leader in asset-liability management and whole loan trading.

Finzat and THC’s network, driven by Smart Contract technologies and blockchain applications, is designed to streamline the participants’ operation, strengthen security protocols, shorten transaction time and ultimately increase profitability. Community banks and credit unions lacking scale to fully access these benefits on their own can now have the opportunity to do so through this network.

“Dr. Ho is a proven expert in whole loan trading and balance sheet analysis. We believe that the synergies created between Dr. Ho, when combined with Finzat’s own strengths in blockchain technology, are substantial. This new partnership has significant possibilities to create a meaningful blockchain network effect”, said Dr. Gnanesh Coomaraswamy, Finzat CEO.

Adding recently named senior advisor Alex J. Pollock’s expertise in mortgage markets and strategic advice to Dr. Thomas Ho’s long and successful track record in financial risk management and loan trading, gives Finzat distinct advantages as it looks to offer much needed competition in the approximate $10 trillion US residential mortgage market. As President of the Federal Home Loan Bank of Chicago, Mr. Pollock created the highly successful MPF mortgage acquisition program. Finzat executives Michael Moore and Dr. Gnanesh Coomaraswamy were also part of the MPF senior team. The Federal Home Loan Bank mortgage acquisition programs total well over $55 Billion today.

“THC is delighted to partner with Finzat, whose management team has a track record of outstanding achievement in the mortgage market and has acquired utility blockchain technologies. We expect that Finzat will complement THC’s network of asset-liability management analytical and transactional technologies, which, in turn, will be greatly beneficial to our clients,” said Dr. Thomas Ho, president of THC.

About Block One Capital Inc.

Block One Capital. is an investment company focused on early stage and high growth opportunities in the blockchain sector. Block One Capital is a listed investment issuer on the TSX Venture Exchange: BLOK. Block One Capital seeks to invest in early stage blockchain technologies at attractive valuations. Block One Capital seeks to access attractive pre-token issuance blockchain equity investments for its investors. Block One Capital seeks to acquire a significant minority stake when possible. Utilizing our accomplished management, director, and advisory team, Block One Capital seeks to provide investors with a diversified basket of blockchain exposure.

For more information on Block One Capital, please visit the Company's website at www.blockonecap.com.

"Sothi Thillairajah"
Chief Executive Officer

Forward-Looking Statements

This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to Block One Capital's investment focus, the Company's expectations and estimates regarding the profitability of Bitcoin mining, including expected global hashrate and Bitcoin prices, and the Company's plans to exit the Bitcoin mining business. Although Block One Capital believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, including the general acceptability of blockchain, risks associated with regulatory changes and the retail sector generally, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks and receipt of necessary TSX Venture Exchange approvals. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 604-398-4485; email: info@blockonecap.com

Source:  Block One Capital Inc.

Former FHLB Chicago President and CEO, Alex J. Pollock, named Finzat Block Senior Advisor


Vancouver, BC - September 13, 2018  - Block One Capital Inc. (OTCQB: BKPFF) (TSX-V: BLOK.V) (the “Company” or “Block One”), an investment company focused on early stage and high growth opportunities in the blockchain sector, is pleased to provide the following corporate update.

Finzat Block LLC., a Block One Capital portfolio company, announced that Alex J. Pollock has become a Senior Advisor to the firm. Mr. Pollock, former President and CEO of the Federal Home Loan Bank of Chicago, will provide Finzat with guidance regarding business strategy, product innovation, and executive leadership.

“Blockchain is emerging as a potential paradigm-shifting technology in mortgage finance. I look forward to working with Finzat Block on using blockchain to restructure the technological underpinnings of mortgage market transactions,” Mr. Pollock said.

Mr. Pollock is currently a distinguished senior fellow at the R Street Institute in Washington, DC. Previously, he was a resident fellow at the American Enterprise Institute. As President and CEO of the Federal Home Loan Bank of Chicago from 1991 to 2004, Mr. Pollock was the creator of the MPF mortgage origination program that was the first to provide community financial institutions a way to share credit risk and provide a meaningful alternative to selling mortgages to Freddie Mac and Fannie Mae.

Mr. Pollock currently serves as a director of the CME Group (Chicago Mercantile Exchange), Great Lakes Higher Education Corporation and the Great Books Foundation, and is a member of the Advisory Board of the Heller College of Business at Roosevelt University. He was also the past-President of the International Union for Housing Finance.

Mr. Pollock has written extensively on economic cycles, risk and uncertainty, mortgage markets, central banking and the politics of finance. His new book, "Finance and Philosophy", is expected to be published by Paul Dry Books in October of this year.

Mr. Pollock is a graduate of Williams College. He completed his MA at the University of Chicago and MPA in international affairs at Princeton University.

“We are fortunate to have Alex’s considerable experience and mortgage market knowledge on the team as Finzat strives to bring the benefits of blockchain into the mortgage mainstream”, said Gnanesh Coomaraswamy, Finzat founder and CEO

About Block One Capital Inc.
Block One Capital. is an investment company focused on early stage and high growth opportunities in the blockchain sector. Block One Capital is a listed investment issuer on the TSX Venture Exchange: BLOK. Block One Capital seeks to invest in early stage blockchain technologies at attractive valuations. Block One Capital seeks to access attractive pre-token issuance blockchain equity investments for its investors. Block One Capital seeks to acquire a significant minority stake when possible. Utilizing our accomplished management, director, and advisory team, Block One Capital seeks to provide investors with a diversified basket of blockchain exposure.

For more information on Block One Capital, please visit the Company's website at www.blockonecap.com.

"Sothi Thillairajah"
Chief Executive Officer

Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to Block One Capital's investment focus, the Company's expectations and estimates regarding the profitability of Bitcoin mining, including expected global hashrate and Bitcoin prices, and the Company's plans to exit the Bitcoin mining business. Although Block One Capital believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, including the general acceptability of blockchain, risks associated with regulatory changes and the retail sector generally, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks and receipt of necessary TSX Venture Exchange approvals. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 604-398-4485; email: info@blockonecap.com
Source:  Block One Capital Inc.

Block One Capital Provides Update on the Bitcoin Mining Sector


Vancouver, BC - September 6, 2018  - Block One Capital Inc. (OTCQB: BKPFF) (TSX-V: BLOK.V) (the “Company” or “Block One”), an investment company focused on high growth opportunities in the blockchain sector, is pleased to announce that its Chief Technology Officer, Dr. Pratheev Sreetharan (PhD Harvard University), and Director of Research, Dr. Sivakumar Arumugam (PhD Columbia University), have published a revealing analysis of the bitcoin mining sector utilizing publicly available global hash rate information.

Their research paper highlights the following realities of Bitcoin mining (The research paper can be found on Block One Capital’s website at www.blockonecap.com ):

1) As more and more new Bitcoin miners come on line, the rapid rise in global hash rate rates is leading to a rapid fall in the number of expected Bitcoins to mined by mining hardware.
2) Profitability of mining machines is falling quickly over time.
3) At an exchange rate of $10,000 per Bitcoin, a miner operating with an average cost structure will be unable to achieve profitably within a few months.
4) Mining hardware is most profitable in its first days of operations.
5) Delays in the deployment of mining equipment has a huge impact on revenue generation.
6) Investing in new mining equipment currently will likely not produce very good future returns.

Dr. Sivakumar Arumugam concluded, “The striking divergence between the global hash rate and Bitcoin prices suggests that mining is becoming increasingly unprofitable.”

The review of publicly available data reveals that the global hash rate has been increasing at a steady exponential rate in recent months. As adjustments to the hash rate may take several more months to work themselves out, Dr. Arumugam added that “Purchasing new equipment now is unlikely to give a positive rate of return.”

“I am grateful to have had the guidance of a strong research team in our decision-making process over the last couple of months,” said Sothi Thillairajah, CEO of Block One Capital. “The conclusions of the study support our early decision to exit the Bitcoin mining business.”

About Block One Capital Inc.
Block One Capital. is an investment company focused on early stage and high growth opportunities in the blockchain sector. Block One Capital is a listed investment issuer on the TSX Venture Exchange: BLOK. Block One Capital seeks to invest in early stage blockchain technologies at attractive valuations. Block One Capital seeks to access attractive pre-token issuance blockchain equity investments for its investors. Block One Capital seeks to acquire a significant minority stake when possible. Utilizing our accomplished management, director, and advisory team, Block One Capital seeks to provide investors with a diversified basket of blockchain exposure.

For more information on Block One Capital, please visit the Company's website at www.blockonecap.com.

"Sothi Thillairajah"
Chief Executive Officer

Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to Block One Capital's investment focus, the Company's expectations and estimates regarding the profitability of Bitcoin mining, including expected global hashrate and Bitcoin prices, and the Company's plans to exit the Bitcoin mining business. Although Block One Capital believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, including the general acceptability of blockchain, risks associated with regulatory changes and the retail sector generally, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks and receipt of necessary TSX Venture Exchange approvals. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 604-398-4485; email: info@blockonecap.com
Source: Block One Capital Inc.
 

Block One Capital Partners with Shopin to Lead Sponsor World Blockchain Forum London 2018


Vancouver, BC - August 23, 2018  - Block One Capital Inc. (OTCQB: BKPFF) (TSX-V: BLOK.V) (the “Company” or “Block One”), an investment company focused on early stage and high growth opportunities in the blockchain sector, provides the following corporate update.

Block One is pleased to announce that it is partnering with Shopin as lead sponsor for the World Blockchain Forum London 2018. “We are excited to be a part of World Blockchain Forum London 2018. We look forward to Shopin showcasing its progress and evaluating new opportunities,” said Block One CEO, Mr. Sothi Thillairajah. Block One is an early stage investor in Shopin, having participated the private presale portion of Shopin’s Token, Generation Event, which concluded in January.

Shopin CEO, Mr. Eran Eyal is presenting at World Blockchain Forum London 2018 on Tuesday, September 4th, 2018 at about 11:00 a.m. (local time), where he will discuss Shopin’s focus of reinvigorating the retail economy by streamlining the total shopping experience through blockchain technology, specifically, storing value, purchase, and profile data, and scaling to facilitate Visa™-level transactions per second with total GDPR-compliance that empower retailers on the open web to provide a decentralized Amazon-like experience with recommendations powered by A.I.

“Block One is a visionary organization in the blockchain investment arena. They were early in appreciating the transformational potential of the Shopin platform and we greatly appreciate having Block One as a strategic advisory partner as Shopin moves forward in its development,” said, Mr. Eyal.

About World Blockchain Forum London 2018
Blockchain leaders, economic pioneers and enterprising investors from around the world meet to discuss the future of this financial world at one of the biggest blockchain industry influencer events.

World Blockchain Forum events are generally considered the lynchpin between industry and enterprise in the blockchain space which help shape the future of blockchain. The forum provides participants the opportunity to hear from world-class experts as they share their insights into the perils, pitfalls and promise of blockchain as it continues to emerge onto the wider global stage. This year, the form focuses on the future of initial coin offerings (ICOs) and delves deeper into the emergence of security token offerings (STOs).

About Shopin
Shopin was the Winner of Best ICO at the North American Bitcoin Conference, and Best ICO at the CoinAgenda Bitcoin/Cryptocurrency investing conference and of Bitcoinference.

Shopin, a private company, is considered a pioneer in creating a blockchain solution that is working with global retailers to help their consumers own their own data. Shopin works with retailers to create a secure profile to help enable shoppers to build and own their complete product preference and purchase data profile. Shopin unites retailers and their customers through personalized data intelligence for an unprecedented shopping experience within the participating retailers' own sites, apps and stores and is expanding to publishing. Shopin’s goal is to create a more sustainable retail economy where retailers become stronger by working together with shoppers who get the most personalized experience and deals in every online and offline experience. Shoppers are rewarded by retailers through Shopin cryptocurrency based on the value of their data and for receiving ads, consuming and sharing content, engagement, and referring friends where they can spend the cryptocurrency along with FIAT (cash, credit cards) with the participating retailers.

About Block One Capital Inc.
Block One Capital Inc. is an investment company focused on early stage and high growth opportunities in the blockchain sector. Block One Capital Inc. is a listed investment issuer TSX-V: BLOK. Block One Capital seeks to invest in early stage blockchain technologies at attractive valuations. Block One Capital seeks to access attractive pre-token issuance Blockchain equity investments for its investors. Block One Capital seeks to acquire a significant minority stake when possible. Utilizing our accomplished management, director, and advisory team, Block One Capital seeks to provide investors with a diversified basket of blockchain exposure.

For more information on Block One please visit the Company’s website at: www.blockonecap.com.

“Sothi Thillairajah”
Chief Executive Officer

Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to the prospects of developing a formal agreement with a leading provider of risk management software and a residential whole loan exchange; the prospects of developing formal arrangements with additional housing GSEs, including those involved in the US residential mortgage market, and a European headquartered international financial management company; and Shopin's business plans and ability to expand awareness of its business. Although Block One believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, including the general acceptability of blockchain, risks associated with regulatory changes, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks and receipt of necessary TSX Venture Exchange approvals. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 604-398-4485; email: info@blockonecap.com
Source: Block One Capital Inc.

Block One Capital Names Artificial Intelligence and Machine Learning Specialist as Director of Research


Vancouver, BC - August 16, 2018  - Block One Capital Inc. (OTCQB: BKPFF) (TSX-V: BLOK.V) (the “Company” or “Block One”), an investment company focused on early stage and high growth opportunities in the blockchain sector, is pleased to provide the following corporate update.

Block One has named Mr. Sivakumar V. Arumugam as Director of Research.

Mr. Arumugam is currently an affiliate with the Department of Philosophy of Science at Cambridge University, researching the contemporary uses of data science in industry. He was previously a Mellon Postdoctoral Research Fellow at University of Chicago researching technologies underpinning the rise of data science, big data, and machine learning. Mr. Arumugam completed his PhD at Columbia University analyzing the use of technologies to regulate and optimize commercialized contemporary sports. He is active in the cryptocurrency space and as a market-maker in both the spot and futures markets. Mr. Arumugam began his career on the US Treasuries market-making desk at PaineWebber, now part of UBS, before pursuing a career in academia. He has published and presented numerous papers on the history and culture of probability, financial markets and scientific disciplines.

“With artificial intelligence and machine learning being critical elements of the next generation in blockchain architecture and application development, having Sivakumar on the Block One team helps us effectively evaluate investment opportunities in these areas,” said Mr. Sothi Thillairajah, CEO of Block One.

For more information on Block One please visit the Company’s website at: www.blockonecap.com.

“Sothi Thillairajah”
Chief Executive Officer

Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to the prospects of developing a formal agreement with a leading provider of risk management software and a residential whole loan exchange; the prospects of developing formal arrangements with additional housing GSEs, including those involved in the US residential mortgage market, and a European headquartered international financial management company; and Shopin's business plans and ability to expand awareness of its business. Although Block One believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, including the general acceptability of blockchain, risks associated with regulatory changes, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks and receipt of necessary TSX Venture Exchange approvals. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 604-398-4485; email: info@blockonecap.com
Source: Block One Capital Inc.

Block One Capital’s investee OMAAT plans US$2M raise at US$10M valuation with affiliate of Consensys

OMAAT joins ConsenSys Blockchain Social Impact for their planned ICO in Q4 18

Vancouver, BC - August 8, 2018  - Block One Capital Inc. (OTCQB: BKPFF) (TSX-V: BLOK.V) (the “Company” or “Block One”), an investment company focused on early stage and high growth opportunities in the blockchain sector, is pleased to provide the following corporate update.

OMAAT (One Meter at a Time)

The first half of 2018 showed tremendous progress in partnership deals and technology development for OMAAT. The Dance for One Meter (D41M) initiative is being received with enthusiasm in the live events industry on a global level. D41M has signed agreements with three large scale clubbing and event promoters in multiple territories (Ushuaia Ibiza-Europe, RPM Presents-New York, RMD Group- San Diego). D41M is expected to be operational on approximately 360 individual events this year.

In July 2018, OMAAT entered into an agreement with Token Foundry Securities LLC (an affiliate of ConsenSys) to undertake an equity offering of up to US$2,000,000 at an anticipated US$10,000,000 pre-money valuation. Block Capital plans to participate in this capital raise for an additional investment of US$300,000.

Block One believes its investment in OMAAT reflects strong value creation for its shareholders as the original USD$500,000 participation is now valued at close to USD $2,5000,000, reflecting a return of nearly 5 times on its original investment.

OMAAT has joined ConsenSys Blockchain Social Impact Coalition and was an invited participant in the Token Foundry European road show. OMMAT has also entered into an agreement to have Token Foundry develop, market and launch OMAAT’s ERC-721 non-fungible Rainforest Game Token.

OMAAT is specialized in developing technologies and infrastructure to help save and protect endangered lands by the gamification of online conservation efforts, achieved by using a patented virtual grid system and tokenization method, one square meter at a time. Revenue streams are generated by token sales, product licensing, global event and festival sponsorship opportunities and creation and management of corporate social responsibility services for medium to large enterprises. The technology can also be licensed to tokenize real estate and development projects.

For more information on Block One please visit the Company’s website at: www.blockonecap.com.

“Sothi Thillairajah”
Chief Executive Officer

Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to the prospects of developing a formal agreement with a leading provider of risk management software and a residential whole loan exchange; the prospects of developing formal arrangements with additional housing GSEs, including those involved in the US residential mortgage market, and a European headquartered international financial management company; and Shopin's business plans and ability to expand awareness of its business. Although Block One believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, including the general acceptability of blockchain, risks associated with regulatory changes, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks and receipt of necessary TSX Venture Exchange approvals. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 604-398-4485; email: info@blockonecap.com
Source: Block One Capital Inc.

Block One Capital Provides Update on Finzat & Shopin
 

Vancouver, BC - August 2, 2018  - Block One Capital Inc. (OTCQB: BKPFF) (TSX-V: BLOK.V) (the “Company” or “Block One”), an investment company focused on early stage and high growth opportunities in the blockchain sector, is pleased to provide an update on its investment portfolio.

FINZAT
Finzat continues to make strong progress as it develops relationships among key participants in the US whole loan market. Finzat has agreed in principle to terms with the leading provider of risk management software and a residential whole loan exchange for more than 120 existing financial institution clients. In addition, this firm has operating agreements with several US Housing Government Sponsored Enterprises (GSEs) and is in active dialogue with over 10,000 prospective participants for its whole loan exchange. A final agreement is anticipated with a formal announcement on or about the end of the 3rd quarter. Also, recent discussions with a GSE active in the ten trillion-dollar US residential mortgage market have served to highlight opportunities for a synergistic partnership whereby Finzat would bring benefits of blockchain applications to mature, well- established business lines. A formal proposal defining the terms of this relationship is being negotiated. Finally, Finzat is scheduled to open discussions before year-end with a European headquartered international financial management concern servicing hundreds of institutional clients around the globe. Among the firm’s activities are those that involve the assembly and dissemination of sensitive personal data, offering business potential for Finzat and blockchain technology.

SHOPIN
At the end of April, Shopin completed the final part of its Token, Generation Event. In total, Shopin raised gross proceeds of $42,500,000. Block One participated in the private presale portion of Shopin’s Token, Generation Event which concluded at the end of January. The timing and size of Block One’s participation precipitated a 66% token bonus to Block One.

Shopin recently announced a partnership with QRYPTOS, a subsidiary of QUOINE, one of the largest exchanges in Asia (and one of the few licensed exchanges in Japan). Shopin has announced that it believes this is an opportunity for it to expand awareness of its innovative work and community as well as its upcoming Q4 launch. Shopin also announced the additional sale of additional tokens at $0.16.
Block One believes its investment in Shopin reflects strong value creation for its shareholders as the original USD$750,000 participation with 66% bonus tokens is now valued at close to USD $2,000,00, reflecting a return of nearly 2.5 times its original investment.

Shopin was the Winner of Best ICO at the North American Bitcoin Conference and the Winner Best ICO at the CoinAgenda Bitcoin/Cryptocurrency investing conference.

Shopin, a private company is a pioneer in creating a blockchain solution where consumers own their own data. Shopin works with retailers to create a secure profile that enables shoppers to build and own their complete product preference and purchase data profile. Shopin unites retailers and their customers through personalized data intelligence for an unprecedented shopping experience within the participating retailers’ own sites, apps and stores and is expanding to publishing. Creating a more sustainable retail economy where retailers become stronger by working together with shoppers who get the most personalized experience and deals in every online and offline experience. Shoppers are rewarded by retailers through Shopin cryptocurrency based on the value of their data and for receiving ads, consuming and sharing content, engagement, and referring friends where they can spend the cryptocurrency along with FIAT (cash, credit cards) with the participating retailers.

Recently Forbes listed blockchain based identity and privacy as a leading breakthrough that will disrupt the tech and retail world in 2019, and identified Shopin in this space.

Furthermore, Shopin recently announced that it added aspects of its core propriety technology infrastructure to Githib as part of a third-party audit commissioned by Quoine and performed by a representative of Novoa Media. The audit, though mostly internal, included aspects of Shopin’s artificial intelligence, personalization algorithms and back-end software for the purpose of showcasing the product development milestones Shopin is spearheading for the technology and crypto communities.

For more information on Block One please visit the Company’s website at: www.blockonecap.com.
“Sothi Thillairajah”
Chief Executive Officer

Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to the prospects of developing a formal agreement with a leading provider of risk management software and a residential whole loan exchange; the prospects of developing formal arrangements with additional housing GSEs, including those involved in the US residential mortgage market, and a European headquartered international financial management company; and Shopin's business plans and ability to expand awareness of its business. Although Block One believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, including the general acceptability of blockchain, risks associated with regulatory changes, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks and receipt of necessary TSX Venture Exchange approvals. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 604-398-4485; email: info@blockonecap.com
Source: Block One Capital Inc.
 

Block One Capital Executes Definitive Agreement to Acquire 30% of Affirmation Technology
 

Vancouver, BC - June 15, 2018  - Block One Capital Inc. (OTCQB: BKPPF) (TSX-V: BLOK.V) (the “Company” or “Block One”), an investment company focused on high growth opportunities in the blockchain and cryptocurrency sector, is pleased to announce that it has entered into a definitive agreement (the “Agreement”) with Affirmation Technology Group LLC ("Affirmation Technology") to acquire 30% of the New York, USA based developer of decentralized anti-money laundering (“AML”), know your customer (“KYC”) and Accredited Investor solutions . Under the terms of the definitive agreement, the Company has acquired 30% of the blockchain technology company, with an option to acquire an additional 10%.

Affirmative Technology provides the technical infrastructure to power a suite of decentralized compliance solutions through the INTELid™ (www.intelid.com) platform. The business proposition is to bridge the gap between the growing want for decentralized, peer-to-peer financial markets, and the global need for compliance adherence as required by current market regulators and other governing bodies. Affirmation Technology was founded by Wall Street veteran and long-time technology strategist Scott Carotenuto.

“INTELid is where investors, traders and other would-be blockchain participants have actual ownership of their [verified] AML, KYC, and investor accreditation data. Compliance requirements surrounding new issue securities tokens, crypto trading, as well as counterparty-risk assessment for OTC and secondary markets are going to continue to evolve with advancements in use cases for blockchain and cryptography, and we intend to position INTELid as the benchmark for decentralized compliance solutions. INTELid user data ownership is coupled with the individual owner’s ability to also control the level of confidentiality or anonymity employed when conducting business”, said Mr. Scott Carotenuto.

“Affirmation Technology is not only a pioneer in blockchain AML/KYC architecture, it will also enable security token issuers be compliant while restoring power and privacy to the investor” said Mr. Sothi Thillairajah, CEO of Block One Capital Inc.

For more information on Block One please visit the Company’s website at: www.blockonecap.com.

“Sothi Thillairajah”
Chief Executive Officer

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 604-398-4485; email: info@blockonecap.com

Source: Block One Capital Inc.

Block One Announces Sale of Bitcoin Mining Operations to
HashChain Technology Inc. for $3,115,000 (8,900,000 HashChain Shares)
 

Block One to Receive 8.9 million HashChain Shares

Vancouver, BC - May 2, 2018  - Block One Capital Inc. (OTCQB: BKPPF) (TSX-V: BLOK.V) (the “Company” or “Block One”), an investment company focused on high growth opportunities in the blockchain sector, is pleased to announce that it has signed a definitive agreement (the “Agreement”) with HashChain Technology Inc. (TSX-V: KASH; OTCQB: HSSHF) (“HashChain”) for the sale to HashChain of its 90% interest in TG12 Ventures Inc. (“TG12”).

TG12 owns one-thousand S9 Antminer Rigs (“Rigs”) of which one-hundred are currently operational at a mining facility in Montana, USA, with the remaining nine-hundred expected to be operational by or about the end of the quarter. Pursuant to the Agreement, HashChain will acquire 100% of TG12 in exchange for 8.9 million shares of HashChain (“HashChain Shares”) at a deemed price of $0.35. Block One will receive all of the HashChain Shares issued pursuant to the Agreement.

Block One has agreed to voluntarily escrow its HashChain Shares, whereby 30% of its shares will be released 60 days following the closing date, and 30% will be released 90 days following the closing date. A total of 40% of Block One’s HashChain Shares will not be subject to any voluntary escrow. The transaction is subject to customary closing conditions, including the completion of satisfactory due diligence by HashChain and the receipt of TSX Venture Exchange approval. Closing is expected to occur as soon as possible after the closing conditions are satisfied.

“Based on the data points available to Block One, we drew the conclusion that the future will be dominated by large-scale mining operators who are able to achieve meaningful economies of scale. It became clear that it was unlikely that TG12 would be able to compete effectively in that rapidly approaching future. Therefore, this deal with HashChain allows Block One to receive 8.9 million HashChain Shares and gain exposure to HashChain’s greater anticipated operating scale which, following this transaction, will be a reported total of 4,870 Rigs, which is equivalent of approximately 7 megawatts” said Sothi Thillairajah, CEO of Block One.

As consideration for the minority shareholder’s interest in TG12, the shareholder will acquire 120 Canaan Avalon B21 Bitcoin Miners and certain related assets owned by TG12, which assignment is planned to take place immediately prior to closing of the Agreement, and Block One will settle an inter-company loan initially advanced to TG12 in connection with the acquisition of the miners.

About HashChain Technology Inc.

HashChain is a blockchain company, and the first publicly traded (TSXV: KASH; OTCQB: HSSHF) Canadian cryptocurrency mining company to file a final prospectus supporting highly scalable and flexible mining operations across all major cryptocurrencies. HashChain taps low-cost North American power, cool climate and high-speed Internet: the trifecta most critical to mining success, to create a competitive position for maximizing the number of mining 'wins.' Diversifying its business strategy beyond crypto mining, the Company acquired NODE40, a blockchain technology company that developed NODE40 Balance, a new SaaS product making cryptocurrency accounting and tax reporting simpler and more accurate. The solution allows cryptocurrency users and traders to accurately report their capital gains and losses. NODE40 is also one of the leading masternode server-hosting providers for the Dash network.

For more information on Block One please visit the Company’s website at www.blockonecap.com.

“Sothi Thillairajah”
Chief Executive Officer

Forward-Looking Statements

This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to the completion of the sale of the Company's interest of TG12 and the timing thereof and the Company's expectations regarding HashChain's operating scale. Although Block One believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, including the general acceptability of Bitcoin, cryptocurrency and blockchain, risks associated with regulatory changes, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks and receipt of necessary TSX Venture Exchange approvals. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 604-398-4485; email: info@blockonecap.com

Source: Block One Capital Inc.

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About Block One Capital Inc.:

At Block One Capital Inc., we believe blockchain technology will radically transform how business is conducted — delivering security, cost savings and efficiencies at unprecedented scale.

By investing capital and expertise, we accelerate the development and application of public and private blockchain technologies, including cryptocurrency, smart contracts, decentralized data management and cryptographic security.

How we invest

We look for early-stage opportunities in the blockchain and cryptocurrency fields.

We invest in talent, teams and technology:

Talent: Dedicated innovators with deep category expertise
Teams: Results-driven, hands-on management
Technology: Bold, real-world implementations of blockchain tech

WE INVEST

In the emerging and growing phase of blockchain and cryptocurrency company’s lifecycle. We are involved and instrumental in structuring the deal.

GOVERNANCE

An investment opportunity must have a committed and independent board of directors with the skills and experience needed to provide effective guidance and oversight.

WE PARTNER

Assist management in early stages. Leverage personal networks to recruit key operational personnel. Retain advisory positions.

MANAGEMENT

We look to partner with management teams that have a repeatable track record in generating shareholder value and have a full set of skills that are congruent with the business plan.

FINANCE

We look to partner with management teams that have invested meaningful amounts of their own capital in the company. Additionally, the financing contemplated must be appropriate given the business plan and the industry environment. Performance-based incentives for management must be reasonably sized and back-end loaded to ensure proper alignment of interests.
Block One’s offering

What is Block One?

We look for early-stage opportunities in the blockchain and cryptocurrency fields.

What is Blockchain?

Blockchain is the database technology that underpins cryptocurrencies. Unlike traditional databases, the blockchainis a distributed ledger with information replicated across a number of sources.

The distributed ledger has a higher trust value, since it is not prone to human error or fraud—information is replicated across many nodes of computers making it difficult to manipulate, forge or hack.

Transactions are verified on the leger by ”miners,” which are nodes of computers that validate and process transactions on the blockchain.
The miner that verifies the transaction first and puts together the chain is rewarded for their efforts by payment in the cryptocurrency. This is how the blockchainbecomes secured.

Systems are difficult to hack given the computing power needed to do so, and hacking would also likely cause the value of the currency to decline, thus making efforts counterproductive.

SOURCE: http://www.blockonecap.com/

Disclaimer