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Blockchain

iMining Completes Acquisition of CanETH

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Vancouver, British Columbia–(Newsfile Corp. – March 22, 2021) – Further to its press releases of February 3, February 12 and March 9, 2021, iMining Blockchain and Cryptocurrency Inc. (TSXV: IMIN) (the “Company” or “iMining“) is pleased to announce that the TSX Venture Exchange (“TSXV) has confirmed the Company has met the required filing requirements for the proposed acquisition of CanETH Staking Services Inc. (“CanETH“), (the “Acquisition“). The Company has now closed the Acquisition and the accompanying private placement of $2.155 million (the “Financing“). 

Effective on March 22, 2021 (“Closing”), the Company issued 28,000,000 common shares in the capital of the Company (“Shares“) to the shareholders of CanETH, in exchange for acquiring all of the outstanding shares of CanETH, such that CanETH became a wholly owned subsidiary of iMining. No new control block was created as a result of the Acquisition. Shareholders of CanETH that held a minimum of 5% of the outstanding CanETH shares prior to the Acquisition, along with certain directors of the Company, have entered into voluntary lock-up agreements pursuant to which they will not sell, transfer or pledge 50% of their Shares prior to July 5, 2021, which affects approximately 8,870,000 Shares.

On Closing, the Company’s previously issued 17,240,000 subscription receipts (“Receipts“), which grossed the Company $2,155,000, automatically converted into an equivalent number of units (the “Units”) each Unit comprised of one common share (a “Share”) and one-half of one common share purchase warrant (a “Warrant”), with each whole Warrant entitling the holder to purchase one Share at $0.245 for a period of two years following the closing date, provided that, if after four months and one day, the closing price of iMining’s Shares is equal to or greater than $0.45 per Share for 20 consecutive trading days, the Company may, by notice to the Warrant holders (which notice may be by way of general news release), reduce the remaining exercise period of the Warrants to not less than 30 days following the date of such notice. All securities issued in connection with the Receipts are subject to a hold period, expiring on July 5, 2021.

Aggregate compensations of $135,187.50 and 1,081,500 finders’ warrants (having the same general terms as the Warrants forming part of the Units) were paid by the Company to Canaccord Genuity Corp., and First Republic Capital Corporation and their selling groups as finders’ fees and commissions for that portion of the Financing attributable to their efforts. The finders’ warrants are subject to a hold period, expiring on July 23, 2021.

As one of the conditions of the Acquisition, upon Closing, Saleem Moosa will be appointed a director of the Company. Mr. Moosa is Chief Financial Officer of CanETH with over 12 years of international experience in the finance sector. Saleem started at a Middle East investment bank where he was involved in cross-border mergers and acquisition transactions, restructuring mandates and equity raising projects.

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As a result of the Acquisition, CanETH has become the first publicly listed Ethereum 2.0 Staking Service in North America.

Daren Tung, CEO of CanETH says, “This is a significant step for blockchain technology and we’re excited to be leading the way for the growth of Ethereum 2.0 staking services. CanETH aims to become one of the world’s largest Ethereum staking companies, and we’re grateful to become a part of the iMining team to grow together for the benefit of our clients, investors, shareholders and the overall blockchain community.”

CanETH will be focusing its resources toward future growth, and expects to support existing and new validators with the release of their client portal in Q2, 2021. A focus on team growth will also ensure CanETH’s crypto, blockchain technology and investment knowledge will continue to be built to educate and support investors, to make ETH 2.0 staking easier for all.

Daren Tung adds, “As a result of our intensive R&D, our validators have maintained greater than 99% efficiency and 0 slashing, but our focus now will be on the continuous advancements in IP to ensure our clients can look to CanETH for further innovative investment solutions and greater value on their ETH investments.”

Robert Eadie, Chief Executive Officer and Director of iMining added, “CanETH’s proprietary secured, reliable, and scalable staking process is a major asset to iMining’s existing services, and will give our organization a significant edge in the crypto sector. We welcome Saleem Moosa, CFO of CanETH Staking Services, to the Board, as well as the entire team at CanETH.”

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Business of CanETH

CanETH Staking Services is a Canadian-based company offering a staking solution for Ethereum 2.0, providing clients with a simplified on-ramp to participate in the ETH 2.0 Proof of Stake movement. Incorporating a proprietary, best-in-class staking process CanETH ensures robust security, reliability and scalability; while removing the technical complexity of deploying and managing validators.

For more information on CanETH Staking Services please visit www.caneth.com or email at [email protected].

ON BEHALF OF THE BOARD

Signed “Robert Eadie

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Robert Eadie, Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact: Robert Eadie
Telephone: 1-604-602-4935 ♦ Facsimile: 1-604-602-4936
Email: [email protected]
Website: www.imining.com

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.

Forward-Looking Statements

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This news release contains certain forward-looking statements, which relate to future events or future performance (including, but not limited to, future business operations of CanETH, and the proposed use of available funds) and reflect management’s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of CanETH’s activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/78004

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users

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Humanity Protocol, a $1 billion decentralized, privacy-first digital identity blockchain project, is excited to announce its collaboration with OKX Wallet, which will serve as an identity validator for its testnet ecosystem. This collaboration introduces a seamless way for users to engage with decentralized identity while offering unique rewards for OKX Wallet participants.
Testnet users signing up with OKX Wallet will receive a 10% bonus in their airdrop allocation during the token launch. By connecting their OKX Wallet during the Humanity Protocol testnet registration process, participants will be issued a verifiable credential that confirms wallet ownership. This credential ensures fair distribution and protects user privacy, creating a seamless and secure onboarding experience.
Verifiable credentials form the foundation of Humanity Protocol’s decentralized identity system. These credentials validate wallets as unique OKX Wallet users, safeguarding the ecosystem from fraud, such as duplicate registrations and Sybil attacks. While operating behind the scenes, they play a critical role in maintaining transparency and fairness while enabling privacy-first participation in the network.
“We are thrilled to collaborate with OKX Wallet for our testnet,” said Terence Kwok, Founder of Humanity Protocol. “This collaboration strengthens our mission to create a secure, decentralized identity network. By combining Humanity Protocol’s privacy-preserving solutions with OKX Wallet’s trusted infrastructure, we’re not only simplifying user participation but also fostering trust and fairness across the ecosystem. Together, we aim to set a new standard for privacy and transparency in the blockchain space.”
OKX Wallet, known for its user-friendly design and robust security, plays a critical role in this collaboration by enabling secure wallet verification and streamlining user participation.
Humanity Protocol is dedicated to building a decentralized future rooted in privacy and security. By integrating OKX Wallet as an identity validator, the protocol ensures a trustworthy network that benefits both participants and the broader blockchain community.

The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.

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Blockchain

Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)

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blocks-&-headlines:-today-in-blockchain-(brics,-hungri-games,-nano-labs,-metahorse-unity)

 

Building Customer Trust in AI with Blockchain

Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.

Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.

Source: Harvard Business Review

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Blockchain at a Crossroads: Balancing Promise and Peril

As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.

The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.

Source: Cointelegraph


BRICS vs. USD: Blockchain’s Role in Economic Shifts

The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.

This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.

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Source: CoinGeek


Hungri Games Expands MetaHorse Unity to Base Blockchain

Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.

By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.

Source: CoinTrust


Nano Labs Purchases Trump Tokens to Celebrate Presidency

Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.

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The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.

Source: PRNewswire


Final Thoughts: Blockchain’s Expanding Horizons

This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.

While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.

 

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The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.

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Blockchain

CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo

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corenest-capital-announces-strategic-investments-in-spacex,-ctgt,-open-clinic,-asha-health,-collectwise,-curo,-hybrd,-and-study-dojo

OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara

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