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Bluesky Digital Assets Corp., Releases its Q1, 2021 Financial Results

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Toronto, Ontario–(Newsfile Corp. – June 11, 2021) – Bluesky Digital Assets Corp., (CSE: BTC) (CSE: BTC.PR.A) (OTCQB: BTCWF) (“Bluesky” or the “Corporation”) released today a summary of its Unaudited Q1, 2021 Interim Financial Statements for the three months ended March 31, 2021. Key highlights include:

– Total Gross Revenues from the Corporation’s Digital Assets Mining operations increased to $743,267 CDN in Q1, 2021 from $101,611 CDN in Q1, 2020 representing a significant increase of 631%.

– Total Gross Revenue from the Corporation’s Digital Assets Mining operations increased to $743,267 CDN in Q1, 2021 from $182,054 CDN in Q4, 2020, representing a quarter over quarter significant increase of 308%.

– Total Gross Revenue from the Corporation’s Digital Assets Mining operations amounted to $665,533 CDN for all of fiscal 2020 representing a monthly average of $55,369 CDN per month in Gross Revenue being generated from the Corporation’s Digital Assets Mining operations. The monthly Gross Revenue generated from the Corporation’s Digital Assets Mining operations average was $247,755 CDN per month for the first three months of 2021, representing a significant monthly average increase of 347% vs. fiscal 2020’s monthly average of $55,369 CDN per month.

– Total available cash increased to $1,785,077 CDN in Q1, 2021 from $636,127 CDN in Q1, 2020 representing an increase of 181%.

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– Digital Asset Mining operating costs amounted to $173,903 CDN in Q1, 2021.

– Total losses increased to -$1,263,233 in Q1, 2021, from -$371,735 in Q1, 2020 representing an increase of 240%. It should be noted that regarding the Q1, 2021 quarterly loss, the majority of the total operating expenses for Q1 of 2021 were due to a one-time issuance of Stock Options that were issued to consultants in connection to the completion of the Corporation’s Q4, 2020 and Q1, 2021 equity financings. The valuation of the Stock Options was recorded as $1,709,000 CDN. The Corporation expects that these Stock Options will be exercised resulting in cash proceeds coming into the treasury. Furthermore, Depreciation on equipment amounted to $118,770 CDN for the quarter. It is important to note that with the removal of the Stock Options and the equipment Depreciation the Corporation would have actually realized a profit of $564,537 CDN for the quarter.

– Fully Diluted EPS remained as -$0.04 for Q1, 2021 vs. -$0.02 in Q1, 2020.

– The Corporation exited a legacy business segment in Q1, 2021. The initial investment in this legacy business segment amounted to $50,000 CDN and therefore the Corporation realized a significant gain of $269,149 CDN from the exit. With the proceeds from the legacy business exit and combined with the revenue from the Corporation’s active digital crypto mining operations, the Corporation brought in a combined $1,012,416 CDN in gross proceeds from its business operations for the quarter which represents an all-time high and a corporate record for a quarterly result.

About Bluesky Digital Assets Corp.

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Bluesky Digital Assets Corp, is building a high value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as proprietary technology solutions. Offering a complete ecosystem of value-creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary Artificial Intelligence (“AI”) based technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging Blockchain industry. The Corporation is poised to capture value in successive phases as this industry continues to scale.

For more information please visit Bluesky at: https://www.blueskydigitalassets.com

For further information please contact:

Mr. Ben Gelfand
CEO & Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
E: [email protected]

Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
E: [email protected]

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Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.

– 30 –

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87307

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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.

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PFM Disrupts Wealth Management in 2025: Earn Digital Assets Risk-Free with Zero Fees

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Alpha Sigma Capital Research Publishes New Report on Bittensor (TAO), Decentralized “Neural Internet” Model

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Blocks & Headlines: Today in Blockchain – April 29, 2025

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blocks-&-headlines:-today-in-blockchain-–-april-29,-2025

 

Blockchain and cryptocurrency continue to evolve at breakneck speed, with price surges, geopolitical alliances, regulatory battlegrounds, ethical debates, and landmark legal rulings all unfolding within days of one another. In today’s roundup, we examine five pivotal developments:

  1. Bitcoin Nears Six Figures – Santiment predicts BTC could hit $100,000 in the next fortnight.

  2. Pakistan’s Crypto Push – Trump-backed World Liberty Financial inks a landmark MoU with the Pakistan Crypto Council.

  3. U.S. Anti-Scam Legislation – Bipartisan GUARD Act would arm law enforcement with blockchain tracing tools against “pig butchering” fraud.

  4. Ethics Under the Microscope – A deep dive into privacy, transparency, and security trade-offs in modern blockchain systems.

  5. Regulatory Clarity Down Under – Australia’s Full Federal Court rules that Block Earner’s fixed-yield product isn’t a “financial product,” overturning ASIC.

Together, these stories illustrate four key trends shaping Web3 today:

  • Market Psychology Meets On-Chain Data: Investor sentiment, as tracked on-chain, now drives price forecasts as much as macroeconomic indicators.

  • Public-Private Alliances: From Islamabad to Washington, partnerships are expanding blockchain’s reach into national agendas.

  • Ethics & Governance: As blockchain pervades finance and society, debates over privacy versus transparency demand new frameworks.

  • Legal & Regulatory Evolution: Court precedents and legislation are rapidly defining what constitutes regulated financial activity on-chain.

Below, we unpack each story in detail—providing concise summaries, opinion-driven insights, and context on why these developments matter for DeFi architects, NFT entrepreneurs, compliance officers, and everyday crypto users alike.

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1. Bitcoin on the Cusp of $100,000? Santiment’s Bullish Outlook

Summary
Blockchain analytics firm Santiment has flagged a steep uptick in on-chain and social metrics suggesting Bitcoin could surpass $100,000 within one to two weeks. Key observations include:

  • Greed Index Surge: Social media sentiment shows a 2.1:1 ratio of bullish to bearish Bitcoin commentary, the highest since early 2021.

  • Whale Accumulation: Large-scale addresses have increased their holdings, poised to absorb any retail-driven sell pressure around $95,000.

  • Equities Decoupling: A weakening correlation with S&P 500 movements could free BTC price action to run independently.

As of April 28, BTC traded near $94,500—up 1.5% over 24 hours—setting the stage for a potential six-figure breakout. Source: Bitcoinist

Analysis & Opinion
Santiment’s data-driven approach underscores how Web3 metrics have migrated from niche analytic platforms to core inputs for institutional strategy desks. The high “greed” level signals FOMO—a double-edged sword that can accelerate rallies but also precipitate sharp corrections if profit-taking intensifies. Notably, whale accumulation suggests a medium-term bullish bias, yet history warns that significant profit-booking around round numbers (e.g., $100K) can trigger retracements.

For DeFi protocols and crypto funds, this moment demands calibrated risk management: locking in gains via hedging products, ensuring liquidity buffers, and avoiding emotional trading. Meanwhile, retail platforms should brace for surges in trading volume and account sign-ups, reinforcing the importance of robust blockchain security and user-education initiatives.


2. Pakistan Crypto Council Partners with World Liberty Financial

Summary
On April 26, the Pakistan Crypto Council (PCC) signed a landmark Letter of Intent with World Liberty Financial (WLF)—a U.S.-based DeFi platform backed by former President Donald Trump—to accelerate blockchain innovation and stablecoin usage in Pakistan. Highlights:

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  • Regulatory Sandboxes: Frameworks for testing DeFi products and tokenized assets (real estate, commodities).

  • Stablecoin Remittances: Pilot programs for cross-border money transfers targeting Pakistan’s $300 billion annual crypto corridor.

  • Strategic Advisory: WLF to guide government on global compliance trends and infrastructure.

The MoU was endorsed by Pakistan’s Finance Minister, SECP Chairman, and State Bank Governor, signaling imminent comprehensive crypto legislation. Source: Dawn

Analysis & Opinion
This partnership blends geopolitical outreach with economic stimulus: Pakistan’s youthful demographic (64% under 30) and high mobile penetration make it fertile ground for Web3 adoption. By embedding regulatory sandboxes, the PCC balances innovation with consumer safeguards—an approach that many emerging markets view as best practice.

However, tying DeFi initiatives to high-profile political backers can be a double-edged sword. While it draws global attention and investment, it also raises concerns about long-term policy stability and brand risk should political fortunes shift. For blockchain projects eyeing expansion in South Asia, the PCC-WLF model offers a blueprint: engage regulators early, co-design pilot programs, and anchor projects in clear governance.


3. Bipartisan GUARD Act to Leverage Blockchain Against Fraud Scams

Summary
On April 21, a bipartisan group of U.S. Representatives introduced the Guarding Unprotected Aging Retirees from Deception (GUARD) Act, empowering federal grants for state and local law enforcement to use blockchain tracing tools against finance scams—especially “pig butchering,” which accounted for over 33% of crypto scam revenue in 2024. Key provisions:

  • Grant Funding: Eligible law enforcement agencies may apply for federal funds to deploy blockchain analytic platforms.

  • Interagency Cooperation: The FTC, DOJ, and FBI can assist local authorities in on-chain investigations.

  • Public Awareness: AARP partnership to educate seniors on recognizing and reporting scams.

The bill is co-sponsored by Reps. Zach Nunn (R-IA), Scott Fitzgerald (R-WI), and Josh Gottheimer (D-NJ). Source: CoinGeek

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Analysis & Opinion
The GUARD Act represents a maturation in the regulatory embrace of blockchain—shifting from finger-wagging skepticism to proactive toolset integration. By equipping local agencies with on-chain forensics, the bill acknowledges blockchain’s unique transparency advantage in tracing illicit flows. Yet, success hinges on standardized training curricula and privacy-preserving protocols to prevent overreach.

Critically, the legislation sets a precedent for leveraging public ledgers as law-enforcement assets, raising broader questions about data sovereignty and civil liberties. Future discussions will need to address how to anonymize sensitive data while retaining investigative efficacy—an area ripe for innovation in zero-knowledge proofs and selective disclosure technologies.


4. The Ethics of Blockchain: Privacy vs. Transparency vs. Security

Summary
In a comprehensive overview, The Shib Daily explores the enduring tension at the heart of blockchain ethics: balancing privacy, transparency, and security. Core takeaways:

  • Privacy Paradox: Pseudonymity shields user data yet can facilitate money-laundering via mixers like Tornado Cash. Emerging solutions include zk-SNARKs and selective disclosure.

  • Transparency Dilemma: Public ledgers bolster trust and accountability (e.g., DAOs), but can inadvertently expose individual transaction patterns. Graduated transparency models seek a middle ground.

  • Security Imperative: Open-source code invites scrutiny and innovation but also widens the attack surface—as the 2016 DAO hack famously illustrated. Robust governance frameworks are essential for rapid response.

  • Looking Ahead: Trends such as decentralized identity, AI-powered compliance, and values-based protocol design will shape the next wave of ethical blockchain systems. Source: The Shib Daily

Analysis & Opinion
As blockchain integrates with DeFi, NFT marketplaces, and Web3 social platforms, the ethics conversation is no longer academic—it’s a business imperative. Protocol designers must bake in privacy-enhancing features without sacrificing auditability. Regulators, in turn, should foster self-regulatory organizations (SROs) that can iterate faster than one-size-fits-all statutes.

Moreover, embedding human rights by design and inclusive governance will become key differentiators for projects seeking mainstream legitimacy. In practice, this means multi-stakeholder governance councils, transparent upgrade processes, and clear redress mechanisms for users harmed by security breaches or governance missteps.

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5. Australia’s Full Court Clarifies Yield-Generation Is Not a “Financial Product”

Summary
On April 28, the Australian Federal Court’s Full Bench overturned a 2024 ruling against Block Earner (Web3 Ventures Pty Ltd), finding that its fixed-yield “Earner” product does not constitute a regulated financial product. Highlights:

  • AFSL Exemption: Block Earner was not required to hold an Australian Financial Services Licence (AFSL) for its fixed-yield offering.

  • Regulatory Scope Narrowed: The decision distinguishes a product’s legal structure from its economic function when assessing licensing requirements.

  • Industry Impact: ASIC must cover legal costs, and DeFi projects can reconsider paused yield offerings.

Fintech and blockchain lead John Bassilios commented that this judgment “provides more clarity and may encourage businesses to revisit product offerings previously paused due to regulatory risk.” Source: Australasian Lawyer

Analysis & Opinion
This ruling marks a watershed moment for DeFi platforms operating in regulated jurisdictions. By focusing on the legal characterization of products rather than their yield-generation mechanics, the Full Court offers a template for structuring future offerings—potentially reducing compliance costs and accelerating innovation.

However, projects must proceed with caution: the decision may not extend to variable-yield or tokenized asset schemes without clear legal wrappers. Legal teams will need to collaborate closely with compliance officers to craft modular product architectures that can adapt swiftly as regulators elsewhere (e.g., the EU’s MiCA framework) set new standards.


Conclusion: Synthesizing Today’s Takeaways
Today’s blockchain headlines underscore a multifaceted reality:

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  1. Market Rhythms & On-Chain Signals: Data-driven tools like Santiment are now indispensable for anticipating volatile price moves.

  2. Global Adoption Models: Public-private partnerships—from Pakistan’s innovation hub to U.S. law enforcement—demonstrate blockchain’s versatility across contexts.

  3. Ethical Imperatives: Balancing privacy, transparency, and security remains a moving target, requiring continuous protocol refinement and inclusive governance.

  4. Regulatory Clarity Fuels Innovation: Court decisions in Australia and proposed U.S. legislation illustrate how legal frameworks can both enable and constrain DeFi growth.

For blockchain builders, investors, and policymakers, these developments offer clear action items:

  • Embrace Data-Driven Decision-Making: Integrate on-chain analytics into trading, risk, and compliance workflows.

  • Forge Strategic Alliances: Collaborate with governmental bodies and standards organizations to pilot responsible Web3 initiatives.

  • Prioritize Ethical Design: Embed privacy-enhancing and security-first features from the ground up, with mechanisms for community oversight.

  • Stay Legally Agile: Monitor evolving case law and legislation, and structure products to fit within—and adapt to—regulatory boundaries.

As blockchain continues its journey from fringe experiment to foundational infrastructure, today’s stories remind us that technology, policy, and ethics must advance hand in hand. Whether you’re fine-tuning a yield-farm, drafting a compliance roadmap, or debating zk-SNARK implementations, the imperative is clear: build responsibly, innovate boldly, and shape a Web3 ecosystem that’s as secure and inclusive as it is transformative.


The post Blocks & Headlines: Today in Blockchain – April 29, 2025 appeared first on News, Events, Advertising Options.

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