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Fireblocks Launches “Asset Transfer Network” with 55+ Institutional Members

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Fireblocks (www.fireblocks.com) announced today the launch of an open and secure digital “Asset Transfer Network” for institutions. With the Fireblocks Network, users are able to find and connect with some of the largest financial institutions and exchanges – in order to safely and securely transfer assets on-chain and without taking counterparty risk to Fireblocks. Over 55 institutions and 26 exchanges are already active on the Network, including liquidity providers, exchanges, lending desks, brokers, market makers, clearinghouses, and custodians.

The Fireblocks Network is designed to solve one of the core impediments to the adoption of digital assets by financial institutions: the lack of security and speed of transfers. This new platform introduces a secure, open, and on-chain network where financial institutions can securely find and connect with their peers while streamlining settlement and post-trade operations. By doing so, the Fireblocks Network increases both liquidity and operational efficiency, opening the door for traditional financial institutions to join the digital asset space.

Outside of the Fireblocks Network, transfers can be spoofed or impacted by human error and social engineering, resulting in the theft of individual and institutional digital assets. Existing methods such as test transfers and whitelisting have been ineffective and time-consuming while remaining vulnerable to fraud. But with the Fireblocks Network, settling with a counterparty is significantly more efficient and secure, reducing a cumbersome, manual process that previously took hours or days for most institutions to one that takes just a few seconds. For institutions, utilizing the Fireblocks Network eliminates inefficient and insecure elements from the settlement process, such as deposit addresses, test transfers, and whitelisting.

“The launch of the Fireblocks Network makes it possible for users to store and transfer assets across the entire institutional ecosystem and removes the need for any middle-men,” said Michael Shaulov, CEO and Co-Founder of Fireblocks. “We’re redefining on-chain settlement processes by adding an unprecedented layer of security and efficiency, preserving the decentralized nature of blockchain and allowing it to operate at the institutional level.”

Currently, the Fireblocks platform transfers $9.2B digital assets per month, with $30B+ transferred to date. At launch, users of the Fireblocks Network are able to transfer assets across 55+ counterparties at 25+ exchanges, with support for more than 200 tokens.

“When we onboard new counterparties and go through KYC processes, we’re always excited if we see that they’re already on the Fireblocks Network,” said Todd Morakis, Co-Founder of JST Capital. “We know the security and speed are there when it comes to operations and transferring assets with that counterparty.”

The Fireblocks team is continually expanding the Network’s connectivity by adding new partners, tokens, and exchanges, as well as developing options for participants to settle with non-members.

 

SOURCE Fireblocks

EZ Blockchain launches a new business line EZ Energy, devoted to stranded, trapped and renewable energy

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EZ Blockchain – Chicago-based blockchain technology service company has reorganized its business into two companies with two distinct but equally innovative purposes. As a result of a spin-off, a new power generation business will be called EZ Energy Technologies, Inc., or EZ Energy. The transition separates their work in power generation and flare mitigation from the blockchain mining business. One of the primary objectives in branching EZ Energy off is to diversify the applications of the company’s affordable energy sourcing maximizing technologies in sectors outside of cryptocurrency. Following the separation, Vlad Rodinoff, founder of EZ Blockchain will take the position of CEO at EZ Energy, and Sergii Gerasymovych will assume the position of CEO at EZ Blockchain.

EZ Blockchain, LLC and its executive team will remain the largest controlling shareholder of the EZ Energy business. The company anticipates the deployment of 9 MWs of its own power generating units, called SmartGrids, through the end of 2020.

Sergii Gerasymovych said, “There are other applications to use gas-generated power right on-site on the oil pad. None of that energy has to be wasted anymore with our combined technology. This energy could be used on-lease as prime power for oil and gas producers in addition to powering our mobile data centers.”

EZ Blockchain originally became known for its services and products designed for cryptocurrency mining, primarily manufacturing mobile data centers known as “Bitcoin mining containers” along with the management of crypto mining facilities. Since the installation of EZ Blockchain’s first mining mobile data Smartbox in 2018, designed and built exclusively by and for the company, EZ Blockchain has funneled much effort into an initiative aimed at harnessing wasted energy by reducing gas flaring.

The energy project started with a partnership with KTS Engineering, the official distributor of Jenbacher electric gas generators to give oil fields a viable and scalable option to turn excess natural gas into usable energy which otherwise goes into flares and wasted.

In two years since the installation of the first mobile data center in Indiana, EZ Blockchain’s energy project has grown in scope. The mobile data centers have been designed to be oil field ready and to meet additional requirements of efficiency and remote operation. The new “EZ Smartboxes,” coupled with EZ Blockchain’s hugely positive footprint around the Midwest mobile data center locations, spurred the final decision to branch this energy effort into its own business line.

EZ Blockchain started in 2017 and is based out of Chicago, IL. The company is a full-service crypto mining facility management company that builds and operates physical infrastructures for blockchain-based mining, which has positioned the group to develop sustainable energy alternatives from a unique vantage point. Read more about EZ Blockchain and their projects and investments on their website www.ezblockchain.net.

 

SOURCE EZ Blockchain

Thinking about buying stock in Laredo Petroleum, Moneygram International, Dynavax Technologies, Riot Blockchain, or Allied Esports Entertainment?

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InvestorsObserver issues critical PriceWatch Alerts for LPI, MGI, DVAX, RIOT, and AESE.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

SOURCE InvestorsObserver

Hydro66 Announces Additional Advance Under Convertible Loan

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Toronto, Ontario–(Newsfile Corp. – June 2, 2020) – Hydro66 Holdings Corp. (CSE: SIX) (the “Company” or “Hydro66“) announces that today it has requested and received additional advances of USD$172,000 and CDN$128,000 pursuant to a secured convertible loan agreement with certain shareholders and directors of the Company dated March 31, 2020 (the “Loan Agreement“).

In connection with the initial advances made pursuant to the Loan Agreement the Company issued secured convertible promissory notes in favour of each lender (the “Notes“). The maturity date of the principal amount, interest and any fees under the Notes is seven (7) years from the date of the initial advances and the rate of interest is 10% per annum. The interest for the initial two (2) years under the Notes shall not be payable until such time as the principal is repaid in full. For further details on the terms of the Notes please see the Company’s news release dated March 31, 2020.

The Company will use the proceeds from the advances for working capital purposes.

About Hydro66

Hydro66 owns and operates an award-winning colocation data centre in Sweden specializing in High Performance Computing (“HPC”) hosting. The Company hosts third party IT infrastructure, utilizing 100% green power, at amongst the EU’s lowest power prices and within an ISO27001 accredited facility.

Hydro66 is uniquely positioned to capitalize on opportunities in blockchain infrastructure as well as the traditional Enterprise colocation data centre market. The Company provides truly green power at a leading price, purpose-built space and cooling, telecoms, IT support services and 24/7 physical security in their facility in Boden, Sweden.

For more information please visit: www.hydro66.com

FOR MORE INFORMATION, PLEASE CONTACT:

Paul Morrison
Chief Commercial Officer of Hydro66 UK Limited
paul.morrison@hydro66.com

(+44) 7789 915 147

Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/57106

HIVE Announces Anticipated Cost Reductions and Higher Computing Efficiency from New Agreements for Iceland Operation

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HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (FSE: HBF) (the “Company” or “HIVE”) is pleased to announce that it has entered into new agreements, effective June 1, 2020, for hosting and management of its GPU-based high performance computing equipment in Iceland which are anticipated to significantly improve the profitability profile of operations in the country.

The agreements are anticipated to result in an approximately 50% reduction in monthly facilities and operations costs vs HIVE’s prior service provider agreement, an upgrade in colocation facilities, and improved efficiency and output of HIVE’s GPU operations.

“Our assumption of direct control of our operations in Iceland, and these new hosting and management agreements, are expected to significantly lower our cost to mine Ethereum or other digital currencies, and improve mining performance from our GPUs, thereby increasing our gross mining margins in Iceland,” explained Frank Holmes, Interim Executive Chairman of HIVE. “Further, we now have full control of our operations and destiny globally. This is an important step in our approximately 18-month process to increase transparency, accountability and profitability across our mining operations. We wish to thank Genesis Mining for their assistance in our transition processes in Iceland and in Sweden last fall, and we look forward to providing value to them as a HIVE shareholder along with our other shareholders.”

Under the first agreement, a subsidiary of HIVE has engaged Advania Data Centers ehf under an initial two-year agreement for hosting and related colocation services for its approximately 4,000 GPU-based mining rigs, including hosting, power usage, shelving, datacenter operations and maintenance, and security. The annual service, power and Internet access availability goal is 99.8%. Initial power provided will be for approximately 3.45 megawatts, though HIVE has the option to expand its operations by approximately 40%. The combination of competitively priced, 100% sustainable green energy, an optimized climate for data centers and Advania’s innovative data center design enables direct air cooling to mitigate power consumption for cooling.

Under the second agreement, HIVE has expanded its previously announced relationship with Blockbase Group DWC-LLC (“Blockbase”) to provide software services for and optimize effectiveness of its GPUs in Iceland. Blockbase is already providing similar services for HIVE’s flagship GPU-based high performance computing facility in Sweden.

The timing for the transition of software management of HIVE’s GPU-based miners from Genesis to Blockbase will depend on travel and related restrictions related to COVID-19.

KuCoin Doubles Down on Its Commitment to Compliance and Security with Chainalysis Partnership

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KuCoin, an IDG-backed crypto exchange, today announced that it has partnered with Chainalysis, the blockchain analysis company, further deepening its commitment to compliance and security and jointly promoting compliance-first business practices in the crypto industry. KuCoin will use Chainalysis KYT (Know-Your-Transaction) software to detect and prevent money laundering and illicit activity in real-time and Chainalysis Reactor to conduct further investigations into suspicious activity.

In addition to leveraging Chainalysis KYT for compliance, KuCoin has also built its own fraud monitoring system to identify early warnings of abnormal behavior to protect the security of users’ digital assets.

“We teamed up with Chainalysis to create a safe and compliant trading environment. Through KuCoin’s efforts, the crypto world will combat illegal activities, such as laundering money and financing terrorism.” KuCoin Global CEO Johnny Lyu said. “Although KuCoin has already deployed in this aspect, we hope to further strengthen our technical expansion into compliance with our cooperation with Chainalysis. Not only does it provide infrastructure to the blockchain ecosystem, but it also meets regulatory compliance requirements across different countries and regions.”

“Chainalysis is thrilled to partner with exchanges like KuCoin that prioritize compliance and the safety of its users,” said Jason Bonds, Chief Revenue Officer, Chainalysis. “Our relationship with KuCoin is also an example of our continued commitment to working with leading exchanges in the Asia Pacific region, an important hub of cryptocurrency activity.”

Founded in September 2017, KuCoin has grown into one of the most popular crypto exchanges. Now, KuCoin offers financial services including fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, token launch and more to its 5 million users across 207 countries and regions around the world.

Chainalysis serves as a strategic partner to financial institutions, governments, and cryptocurrency businesses like KuCoin around the world, providing expertise on sophisticated cryptocurrency crime and money laundering tactics, techniques, and procedures. Chainalysis KYT (Know Your Transaction) enables compliance teams to monitor large volumes of cryptocurrency activity and identify high risk transactions on a continuous basis by applying global AML standards to each transaction across all users within an organization’s user base. Chainalysis Reactor, the company’s cryptocurrency investigation software, helps identify and stop bad actors using cryptocurrencies for illicit activities such as fraud, extortion, and money laundering.

PLMP Venture Capital to lead SME Growth Board opening Cambodian listed companies to direct US investment

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PLMP Venture Capital, the Cambodian investment arm of Singaporean PLMP Group of Companies, announced today the launch of the SME Growth Board, an initiative led by the fund management firm in partnership with local authorities such as the Securities and Exchange Commission of Cambodia (SECC) and the Cambodia Security Exchange (CEX). The newly formed committee aims at bringing a selection of 30 SMEs to public listing over a span of 3 years and link them directly to US investment.

“We have secured exclusive agent rights from the American OTC-QX and OTC-QB markets to open the purchase of Cambodian stocks to their investors”, says PLMP Venture Capital Chairman Peter Lim, the Singaporean entrepreneur who founded blockchain firm PLMP Fintech in 2017 and gradually expanded its ecosystem of services internationally and across different industries. “The COVID-19 pandemic forced businesses to restrategise and realign in order to survive”, adds Lim. “Cambodia’s booming economy and growing pool of successful SMEs that have yet to go public are an opportunity that cannot be missed”.

Launched with the full support of the Cambodian authorities, the SME Growth Board can also count on partners such as the Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC), financial advisory and investment bank Yuanta Securities and business networking platform CSME, a member of PLMP Group of Companies offering assistance to foreign entities and entrepreneurs as they establish their presence in the Kingdom.

The SME Growth Board is just one of the many initiatives carried out by the fund and asset management firm to promote local businesses, among which the first Cambodia SME Championship planned for 5th July in the Kingdom’s capital Phnom Penh. “Our goal is to create a platform for start-ups and established SMEs to connect with VCs and institutions”, explains Lim, whose PLMP Venture Capital will sponsor the US$1,000,000 business grant awarded to the winning company selected by the grand jury at the end of the event.

Source: PLMP Venture Capital

OK Group Launches OK Recruit, A Blockchain Talent Development Scheme

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OK Group, the world’s leading blockchain enterprise, announced the launch of the blockchain talent recruitment and training plan, called OK Recruit, which is expected to create hundreds of job opportunities in the blockchain industry, including positions on research, development and applications. OK Group will also train more than 1,000 blockchain elites within 3 years through partnerships with major universities and scientific research institutions in China.

As the COVID-19 epidemic continues to spread globally, many technology companies have been severely affected and even started to lay off employees. Given that, it’s unusual for companies to conduct such large-scale recruitment at this moment, which also implied a strong development momentum of the blockchain industry.

According to the announcement, OK Recruit consists of three parts, including recruitment, training and recommendation. In terms of talent recruitment, OK Group will offer hundreds of positions, among which, the main ones are in the blockchain research and application field, such as Blockchain Development Engineer, Senior Java Engineer (Blockchain), and Senior iOS Development Engineer. Others positions like marketing and operations are also open for applications as well.

In addition, OK Group will set up a special fund for blockchain personnel training, to encourage potential talent to join in blockchain industry. At the same time, OK Group will continue to strengthen cooperation with local universities and scientific research institutions to promote the construction of talent echelon.

As one of the earliest blockchain companies established in China, OK Group has been committed to promoting the research, development, and commercial adoption of blockchain technology, and is always standing at the forefront of talent development and training programs.

In recent years, OK Group has established a number of blockchain technology research institutions, among which, the Blockchain Business School has been promoting the spread of blockchain knowledge and talents through the development of courses and special lectures. Besides, OK Group also established a blockchain engineering institute focusing on the research and development of underlying technologies and public chains.

 

SOURCE OK Group

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