Blockchain
Vancouver-Based CFO Joins Ambitious Bitcoin Venture Launched by UK Entrepreneur
Vancouver, British Columbia–(Newsfile Corp. – October 7, 2021) – Mine One Blockchain Inc. announces an exciting new Bitcoin venture launched by a UK entrepreneur has appointed an experienced financier to drive forward its ambitious growth plans.
A Canadian-based company launched by UK-based businessman Alex Lineton, has ambitions of floating a Bitcoin business on the Toronto Stock Exchange after investing $500,000 in a Canadian mining venture.
Mine One Blockchain has already been successful in raising capital despite its infancy – and now hopes the appointment of Vancouver-based Mat Lee as its new CFO will ramp up their plans.
Vancouver-based Mat Lee has been appointed CFO of Mine One Blockchain Inc, a Bitcoin venture launched by UK entrepreneur Alex Lineton.
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Mr. Lee is a chartered accountant with more than 13 years’ experience in audit, finance, public company financial reporting and operations management.
“I’m extremely excited to be involved,” said Mr. Lee. “The management team Alex is putting together is quite talented.”
“I like the fact we’ve already had some initial success in raising capital and we have a good line of clean energy.”
“It seems everyone is set on doing things correctly and by the book, which for me is very important.”
Before setting up his own CFO services, specialising in the mining and technology sectors, Mr. Lee previously held the position of financial controller at a private real estate investment firm that operates two funds with combined assets under management of $140m in Canada and the US.
Prior to that, he was operations manager for Canada’s largest independent investment dealer, Raymond James, also based in Vancouver, with revenues in excess of $300m and assets under administration in excess of $33 billion.
Mine One Blockchain CEO Alex Lineton said: “The reason we wanted Mat on board is because he has a fantastic reputation in the region.”
“We’re trying to build this company properly from the ground up. We’re not trying to skim on anything.”
“So to get Mat on board is a massive feather in our cap and speaks volumes about the potential of the venture, and the confidence he has in what we’re building.”
“He was someone we targeted from the start. Sets a precedent and a standard of what we’re trying to do.”
Bitcoin mining, which is growing hugely in the US, is performed by high-powered computers that solve complex computational math problems, with miners using increasingly complex machinery to speed up mining operations and ‘mint’ Bitcoins.
But there’s a worldwide shortage of Bitcoin miners after China shut down mining operations earlier this year.
Canada – which is the world’s fourth-highest producer of hydro power – currently has 8% spare hydro energy capacity.
And with Bitcoin mining demanding huge amounts of energy, Mr. Lineton has acquired spare, carbon neutral hydro capacity in Canada to run a sophisticated Bitcoin mining operation.
Mr. Lee said: “There are some companies operating across the border in Washington to gain access to cheap energy. Having said that, I don’t think there are many using clean energy in this way, which is why I’m excited to be involved.”
“Bitcoin can be polarising. There are some demographics who don’t quite get it. But there are many who do and love it. It promotes decentralised finance. There’s still a lot of education surrounding cryptocurrency, but that education should be straight forward when the time comes.”
“Bitcoin will continue to grow as more businesses, customers and vendors accept it as a formal currency.”
“The market price can be fairly volatile, but the general day-to-day use of Bitcoin will continue its trend for the foreseeable future.”
“The structure and the low cost of operations of Mine One Blockchain will speak well to the market. I’m happy to be involved with the company and I’m looking forward to working with the team.”
With two recent increases in its value jumping from the level of $29,000 on July 20 to a high of over $54,000 in October, Mr. Lineton says the combination of Canada’s spare power capacity together with the growing price of Bitcoin convinced him to target Vancouver.
Contact:
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Blockchain
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
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.
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.
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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Blockchain
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