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 (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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