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/
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