Blockchain
3iQ Corp. and iMining Technologies Join Forces to Innovate and Grow the Blockchain and Digital Asset Space on a Global Scale
Vancouver, British Columbia–(Newsfile Corp. – November 2, 2022) – iMining Technologies Inc. (TSXV: IMIN) (FSE: P1A) (“iMining” or the “Company”), a publicly traded company that invests in energy infrastructure, blockchain technology and Web3.0 ecosystem, announces the appointment of Mr. Pascal St-Jean, President of 3iQ Corp. (“3iQ”), to undertake an advisory role as an innovation advisor to the President of iMining Technologies on energy, blockchain and metaverse technologies.
Based in Ottawa in Canada, Mr. St-Jean has focused on the transformation and disruption of industries via rapidly scaling businesses under his leadership. Having successfully created and grown multiple business ventures, Mr. St-Jean was recognized as one of the youngest recipients of Ottawa’s Forty Under 40 award.
Mr. St-Jean’s experience in open-source technologies and distributed systems led him to invest in cryptocurrency in 2016, and act as an educational resource on digital asset investments to several organizations. In addition, Mr. St-Jean has served as a strategic consultant to bitcoin mining companies and founded a private multi-strategy Bitcoin fund. He currently serves as the President of 3iQ Corp, Canada’s leading digital asset investment fund manager.
“My long-term vision is simple, yet ambitious – to advise and inspire iMining Technologies and its Management team so they can reach their full potential. I have done so over the past 20 years, largely by facilitating the understanding and development of the kind of strategic thinking, planning, and execution that helps businesses to succeed.” said Mr. Pascal St-Jean, “I am impressed with iMining’s ability to articulate a vision which utilizes sustainable energy assets across Alberta to power digital asset mining and data centers infrastructure,” Mr. St-Jean added.
iMining’s CEO, Mr. Khurram Shroff, notes, “Today’s announcement is another milestone event in the development of iMining’s future vision. Our Company is laser-focused on the development of clean, sustainable energy and processing solutions for stranded energy to empower digital infrastructure. We welcome Pascal to iMining Technologies and look forward to building value together. Pascal has a unique perspective as he understands both, the blockchain industry and the public markets in North America and we look forward to his advice on expanding our strategic partnership, developing the Web3.0 ecosystem together and look forward to his guidance on future financings. I remain convinced that with the appointment of Pascal as an advisor we will be able to transform our strategic ambitions into commercial viability.”
3iQ is pleased to announce the appointment of Mr. Khurram Shroff, President and CEO of iMining Technologies., to undertake a lead advisory role to advise on the expansion of 3iQ Corp globally.
Based in Calgary in Canada, Khurram has over 20 years of business experience and has advised his family’s office with investments across different sectors and geographies including finance and banking, real estate, food and beverage, book publishing, gold trading and technology. Khurram is an early adopter of the blockchain technology and has been mining bitcoin since 2010.
Currently, Khurram is the President and CEO of iMining Technologies, a Vancouver-based, publicly listed sustainable energy, blockchain infrastructure and Web3.0 investment company; iMining is listed on the TSXV under the symbol IMIN. Khurram has been appointed by the Canadian Armed Forces College as a civilian sponsor for the UAE and Saudi Arabia’s Armed Forces in Canada. In 2018, Khurram was nominated as the 100 most influential and powerful Muslims in the world and was awarded the Finance and Banking Excellence Award.
“I look forward to assisting 3iQ Corp towards successfully realizing the large value potential that has been created over the past few years with respect to its Canadian Fund Management operations and assets,” states Khurram Shroff. “With 3iQ’s highly Innovative investments of institutional Quality in Canada, I look forward to advising the President of 3iQ to better understand and navigate the global regulations and evolving digital asset space internationally. 3iQ Corp is well positioned to deliver exceptional fund value and educate a global audience, especially against a backdrop of the current macro-environment,” He added.
“We are fortunate to have Khurram join as an International Advisor,” said Pascal St-Jean, President of 3iQ Corp. “He brings a life-long passion for helping the blockchain ecosystem thrive globally, as well as recognized expertise in sustainable energy, blockchain infrastructure and Web 3.0. We welcome Khurram to 3iQ Corp and look forward to building global value together.”
About 3iQ Corp.
Founded in 2012, 3iQ Corp. (3iQ) is Canada’s leading digital asset investment fund manager with more than C$700 million in assets under management. 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund, and a public ether investment fund, The Ether Fund. More recently, 3iQ launched the 3iQ CoinShares Bitcoin ETF and the 3iQ CoinShares Ether ETF. 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets. To learn more about 3iQ’s digital asset offerings, visit www.3iQ.ca.
About iMining Technologies Inc.
iMining is a publicly traded company that invests in energy infrastructure, blockchain technology and Web3.0 ecosystem. It is developing sustainable energy and technology solutions for Digital Asset Mining, Decentralized Finance (“DeFi”) and Non-Fungible Tokens (“NFT”). With diverse blockchain investment and infrastructure solutions, iMining looks to be a leader in accelerating the growth of Web3.0 for the enterprise market. iMining is committed to building strong global blockchain ecosystems and supporting inclusive access to digital tools and technologies. To learn more about iMining Technologies, visit www.imining.com.
ON BEHALF OF THE BOARD
Signed “Khurram Shroff“
Khurram Shroff, President & CEO
FOR FURTHER INFORMATION, please contact:
iMining Corporate Offices:
Saleem Moosa, Director
Email: [email protected]
Telephone: +1 (844) IMININC (464-6462)
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
This news release contains certain forward-looking statements, which relate to future events or future performance, 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 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/142734
Blockchain
BioSig Technologies, Inc. Signs Definitive Share Exchange Agreement with Streamex Exchange Corp. to Launch First-Mover Real-World Asset (RWA) Tokenization Company Bringing Commodity Markets On-Chain.
Blockchain
From Onboarding to Settlement in Minutes: TransFi Launches BizPay to Redefine Global Business Payments
TransFi
The blockchain universe never sleeps. From pioneering cross-border payment systems in Central America to city-wide crypto strategies in New York City, today’s headlines reveal an industry maturing at breakneck speed. In this edition of Blocks & Headlines, we explore five landmark developments:
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Guatemala’s Banco Industrial integrates blockchain for seamless cross-border remittances.
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NYC Mayor’s Office unveils a comprehensive crypto and blockchain roadmap.
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OSR Holdings, BCM Europe & Taekwondo Cooperative sign an MOU to launch the OSRH token.
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Bybit’s “Chicken Trader” livestream—crypto meets poultry in the world’s first poultry-powered trading showdown.
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FIFA taps Avalanche to build a dedicated blockchain for its NFT platform.
These stories underscore three key trends reshaping the ecosystem:
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Institutional Adoption & Regulation: From national banks to municipal governments, legacy institutions are embracing decentralized technologies.
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Tokenization & Community Engagement: Strategic partnerships are launching specialized tokens that bridge niche communities with global markets.
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Innovative Use Cases: Whether gaming, entertainment, or live-stream events, blockchain’s versatility spawns ever-more creative applications.
Join us as we unpack the implications, weigh the opportunities, and forecast where these trajectories might lead.
1. Guatemala’s Largest Bank Integrates Blockchain for Cross-Border Payments
What Happened
Guatemala’s Banco Industrial, the country’s biggest financial institution, announced the deployment of a private‐permissioned blockchain network to streamline remittances from the U.S. into Guatemala City and beyond. The solution reduces settlement times from days to minutes, cuts fees by up to 60 %, and offers real-time traceability for senders and receivers.
Source: Cointelegraph
Analysis & Commentary
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Financial Inclusion Boost: Remittances account for over 12 % of Guatemala’s GDP. By minimizing friction and cost, blockchain integration will extend financial services to remote communities reliant on diaspora funds.
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Risk & Compliance: Permissioned networks allow Banco Industrial to retain AML/KYC controls, mitigating concerns around illicit flows. This hybrid approach demonstrates that enterprise blockchain can balance decentralization with regulatory rigor.
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Regional Ripple Effects: Neighboring Central American banks are watching closely. Should Guatemala’s pilot succeed, we can expect a domino effect across El Salvador, Honduras, and Costa Rica—each seeking to capitalize on faster, cheaper cross-border rails.
Implications
Legacy banks worldwide should view this as a blueprint: private blockchains can coexist with existing compliance frameworks while delivering transformative user benefits. Early movers will capture remittance market share and cultivate fintech partnerships across the Latin American corridor.
2. NYC Mayor Unveils Ambitious Crypto & Blockchain Agenda
What Happened
New York City Mayor Eric Adams detailed his administration’s multi-pronged strategy to make NYC a global crypto hub. Key initiatives include:
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A regulatory sandbox for crypto startups to pilot DeFi, NFTs, and token-based fundraising under city supervision.
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Partnerships with CUNY and Columbia University for blockchain research and talent development.
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Deployment of a blockchain-based public record system for land titles and business registrations.
Source: GovTech
Analysis & Commentary
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Regulatory Harmony vs. Overreach: By offering a controlled sandbox rather than blanket deregulation, NYC signals a nuanced stance—encouraging innovation without sacrificing consumer protection.
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Talent Pipeline: Academic partnerships aim to remedy the talent shortage plaguing blockchain firms. Local graduates trained in distributed ledger technologies (DLT) will feed startups, financial institutions, and government agencies.
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Public Services on Chain: Land registries and business filings on blockchain promise greater transparency and fraud reduction. If scaled effectively, NYC could set a global standard for government-blockchain integration.
Implications
Other major cities—London, Singapore, Dubai—will feel pressure to match NYC’s playbook. Municipal leaders should prioritize sandbox frameworks and academia-industry liaisons to nurture homegrown crypto ecosystems.
3. OSR Holdings, BCM Europe & Taekwondo Cooperative Launch OSRH Token
What Happened
OSR Holdings, BCM Europe, and the Taekwondo Cooperative signed a strategic Memorandum of Understanding to co-develop the OSRH token, a blockchain-based digital asset aimed at supporting global Taekwondo practitioners. Features include:
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Membership Rewards: Tokens earned through event participation, coaching certifications, and tournament wins.
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Decentralized Governance: Athletes vote on sponsorship allocations and rule-change proposals via on-chain ballots.
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Marketplace Integration: A dedicated NFT marketplace for Taekwondo memorabilia, from digital belts to highlight reels.
Source: PR Newswire
Analysis & Commentary
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Niche Tokenization: OSRH token exemplifies the power of community-focused tokens. By aligning incentives with passion points—training, competition, governance—stakeholders gain ownership and engagement.
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Governance Innovation: Athlete-driven decision-making on sponsorship and funding disrupts top-down federation models. This could democratize sports governance across disciplines.
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Commercial Ecosystem: The NFT marketplace offers monetization channels for athletes and federations alike. Strategic royalties on secondary sales ensure sustainable funding.
Implications
Other sports federations and niche communities should explore token models that blend rewards, governance, and commerce. Successful launches will hinge on clear utility, user education, and regulatory compliance in key jurisdictions.
4. Bybit Presents “Chicken Trader”: The World’s First Poultry-Powered Trading Showdown
What Happened
Cryptocurrency exchange Bybit debuted “Chicken Trader,” a live-streamed event where two contestants trade crypto pairs—and manage live chickens—to earn “Egg Points.” Viewers can stake on their favorite trader, earning NFTs and token rewards based on performance.
Source: PR Newswire
Analysis & Commentary
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Gamification Meets DeFi: Chicken Trader’s fusion of live-stream engagement, staking mechanics, and NFTs exemplifies Web3’s playful ethos—turning trading into interactive entertainment.
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User Acquisition Strategy: Bybit gamified acquisition funnels, leveraging viral social content to onboard nontraditional crypto audiences intrigued by the novelty factor.
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Regulatory Tightrope: Combining staking with competition and livestock raises jurisdictional questions around gambling, securities, and animal welfare. Bybit must navigate diverse regulations to scale globally.
Implications
Other exchanges will replicate gamified formats to differentiate UX and grow communities. Yet long-term viability demands balancing flashy live-events with rigorous compliance, sustainable tokenomics, and authentic value for participants.
5. FIFA Taps Avalanche to Power Its NFT Platform
What Happened
Global soccer body FIFA selected the Avalanche blockchain to launch its official NFT marketplace, featuring digital collectibles—from World Cup highlights to player-card packs. Avalanche’s high throughput and low fees were cited as decisive factors.
Source: TradingView (via Cointelegraph)
Analysis & Commentary
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Scalability & Sustainability: Avalanche’s consensus mechanism delivers sub-second finality and carbon-offset commitments, aligning with FIFA’s environmental pledges.
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Fan Engagement: Tokenized highlights and limited-edition digital memorabilia expand revenue streams beyond broadcast rights, offering fans verifiable ownership and collectible provenance.
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Interoperability: Avalanche’s growing DeFi ecosystem enables future integrations—staking fan tokens, launching prediction-market games, or embedding NFT rewards in FIFA’s mobile apps.
Implications
Major sports leagues and entertainment brands eyeing NFT forays will scrutinize Avalanche’s performance under FIFA’s global load. Blockchain platforms must prove they can handle spikes during marquee events—kickoff times, finals, transfer windows—while preserving UX and sustainability goals.
Conclusion
Today’s Blocks & Headlines illustrate blockchain’s multifaceted evolution:
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Legacy institutions like banks and city governments are unlocking new efficiencies and transparency through private and public DLT networks.
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Community-driven tokens are redefining governance and monetization in sports and niche domains.
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Innovative engagement—from poultry-fueled trading spectacles to global soccer NFTs—demonstrates blockchain’s capacity for gamification, fan loyalty, and novel revenue models.
Yet with opportunity comes responsibility: scalable architectures must coexist with robust compliance; token economies require thoughtful design to sustain value; and regulators, academia, and industry must collaborate to craft frameworks that balance innovation with consumer protection.
As blockchain weaves deeper into finance, governance, entertainment, and sports, stakeholders who embrace strategic partnerships, prioritize user education, and invest in resilient infrastructures will lead the charge into Web3’s next frontier.
The post Blocks & Headlines: Today in Blockchain – May 22, 2025 appeared first on News, Events, Advertising Options.
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