Proactiveinvestors USA & Canada Metaverse Capital Corp https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada Metaverse Capital Corp RSS feed en Wed, 17 Jul 2019 04:32:12 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - Metaverse Capital sees potential in Facebook's new currency Libra ]]> https://ca.proactiveinvestors.com/companies/stocktube/13956/metaverse-capital-sees-potential-in-facebook-s-new-currency-libra-13956.html Tue, 02 Jul 2019 11:39:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/13956/metaverse-capital-sees-potential-in-facebook-s-new-currency-libra-13956.html <![CDATA[News - Metaverse-backed NUVO tokens to be the subject of a trading competition on South Korean cyptocurrency exchange ]]> https://ca.proactiveinvestors.com/companies/news/222771/metaverse-backed-nuvo-tokens-to-be-the-subject-of-a-trading-competition-on-south-korean-cyptocurrency-exchange-222771.html Metaverse Capital Corp (CSE:FORK) (OTCMKTS:GBCHF), which facilitated the launch of the NUVO token, announced Tuesday that the cryptocurrency would undergo a trading competition this week.

The trading competition will last until Thursday and award prizes to the ten users who trade the most tokens. To encourage movement, participants will be incentivized to trade NUVO tokens in pairs with Tether, a crypto tied to the US dollar, or won, the currency of South Korea.

On Monday, the NUVO token was officially listed on the South Korean crypto exchange Probit, following an Initial Exchange Offering overseen by Metaverse. 

The company's stock was flat at C$0.02 on the CSE and increased 2.7% to US$0.02 on OTC Markets.

READ: Metaverse-developed NUVO tokens to list on South Korean cryptocurrency exchange

In December, the Vancouver-based company was commissioned to help develop the Nuvo blockchain network and oversee sales of the token by UK-based Nuvo Cash Ltd.

"The crypto markets have been enjoying some rapid, consistent growth, and we are happy to be working with Nuvo Cash in bringing the NUVO token to market among these favourable conditions,” CEO Shidan Gouran said. “Overall crypto market capitalization is now at more than USD $325 billion, which is what it was at the beginning of December of 2017, during crypto's first major upswing.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Tue, 25 Jun 2019 08:05:00 -0400 https://ca.proactiveinvestors.com/companies/news/222771/metaverse-backed-nuvo-tokens-to-be-the-subject-of-a-trading-competition-on-south-korean-cyptocurrency-exchange-222771.html
<![CDATA[News - Metaverse Capital set to play leading role in Elixxir's payment and communications network ]]> https://ca.proactiveinvestors.com/companies/news/222677/metaverse-capital-set-to-play-leading-role-in-elixxir-s-payment-and-communications-network-222677.html Metaverse Capital Corp (CSE:FORK) (OTCMKTS:GBCH) continues to burnish its credentials in the blockchain space as it revealed it has been selected as a node operator for the BetaNet for Elixxir.

Elixxir allows users to make high-speed payments and communications and can facilitate hundreds of thousands of transactions per second.

READ: Metaverse Capital offers strong 2Q update in wake of surging cryptocurrency markets

In fairly simple terms, a node on a blockchain network carries out a variety of tasks and allows it to survive. Each cryptocurrency has its own nodes.

"We are very pleased to be adding a leading role in Elixxir's network to our portfolio of network stakes, as Elixxir is positioned to make important developments in the mainstream usage of blockchain technology," said FORK CEO Shidan Gouran. "We are honored to have been chosen to be at the forefront of Elixxir's BetaNet in its exclusive Blue Group, and we are excited to partake in this pivotal moment in the evolution of distributed ledger technology."

Elixxir, founded by David Chaum, the creator of eCash, has selected 600 parties to operate nodes and FORK was selected in the Blue Group -- the highest-ranking subset of node operators, consisting of just 150 nodes.

Set to launch in Fall

The Elixxir BetaNet is set to launch in fall of 2019.

"The notion of non-trackable payments was first proposed by David Chaum back in 1983," noted FORK Director Steven Nerayoff in Monday's statement.

"Elixxir was developed at the intersection of the demand for such capabilities and the recent developments in blockchain technology. Elixxir can give the general public the privacy they deserve, without the scalability limitations that other blockchains have faced.

"Together with CasperLabs and Aglorand, Elixxir is at the forefront of the third generation of blockchain technologies which will provide global scalability of the Internet and inherent utility for applications which would not have been possible before."

Shares in Canada rocketed up over 33% to $0.020.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Mon, 24 Jun 2019 08:02:00 -0400 https://ca.proactiveinvestors.com/companies/news/222677/metaverse-capital-set-to-play-leading-role-in-elixxir-s-payment-and-communications-network-222677.html
<![CDATA[News - Metaverse-developed NUVO tokens to list on South Korean cryptocurrency exchange ]]> https://ca.proactiveinvestors.com/companies/news/222595/metaverse-developed-nuvo-tokens-to-list-on-south-korean-cryptocurrency-exchange-222595.html Metaverse Capital Corp (CSE:FORK) (OTCMKTS:GBCHF) announced Friday that its cryptocurrency NUVO token will be listed to the public starting on June 24.

NUVO tokens, the digital asset of the Nuvo blockchain network, will be available on the South Korean crypto exchange Probit. The listing follows a two-stage Initial Exchange Offering in April and May.

In December, the Vancouver-based company was commissioned to help develop the blockchain network and oversee sales of the token by UK-based Nuvo Cash Ltd.

The purpose of the coin is to determine users’ commitment to the Nuvo blockchain network. Members can earn tokens by posting, sharing and commenting on content. Deposits for the token are being accepted as of today.

READ: New cannabis-focused social network launches on Metaverse's Nuvo blockchain platform

"Ever since we partnered with Nuvo Cash, we have always known that blockchain and crypto can do great things for social media networks,” CEO Shidan Gouran said. “Now that Facebook has officially announced its Libra cryptocurrency, this validates that notion in a very significant way; though social communities on the Nuvo blockchain will deliver much greater value to users.”

Separately, the company reached an agreement to send all its NUVO tokens to Cannadex Labs Inc in exchange for a 25% stake in its equity. Cannadex played a role in creating the Nuvo network and is developing a version 2.0.

On May 6, Cannadex and Metaverse announced plans to develop the Cannadex Exchange, a commodities exchange expected to launch in the fourth quarter of 2019.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Fri, 21 Jun 2019 08:55:00 -0400 https://ca.proactiveinvestors.com/companies/news/222595/metaverse-developed-nuvo-tokens-to-list-on-south-korean-cryptocurrency-exchange-222595.html
<![CDATA[News - Metaverse Capital offers strong 2Q update in wake of surging cryptocurrency markets ]]> https://ca.proactiveinvestors.com/companies/news/222335/metaverse-capital-offers-strong-2q-update-in-wake-of-surging-cryptocurrency-markets-222335.html Metaverse Capital Corp (CSE:FORK) (OTCMKTS:GBCHF) is riding on the wings of a surging cryptocurrency sector, issuing an update to shareholders Tuesday morning in light of market conditions.

Over the past year, the market capitalization for cryptocurrencies has more than doubled to US$286 bill from $125 billion. Bitcoin, which crossed the $9,000 threshold over the weekend, is trading nearly 2.5 times higher year over year, and Ethereum has nearly doubled over the same span.

Even Facebook (NASDAQ:FB) is getting in on the game with the annoucement of its Libra cryptocurrency coming in 2020. 

For Metaverse, the crypto craze has delivered similarly strong performances. The company facilitated the crowdsale of AMR, the digital asset of Ammbr’s decentralized internet network. FORK managed to sell 80% of the total allocation during the crowdsale period, and exchanged its own AMR tokens for a 25% stake in the company’s equity.

The company's shares were flat at C$0.02 on the CSE and up 1.7% to US$0.02 on OTC Markets. 

READ: New cannabis-focused social network launches on Metaverse's Nuvo blockchain platform

The Vancouver-based company oversaw the initial exchange offering for the NUVO token, the crypto belonging to its Nuvo blockchain network, and is facilitating a similar IEO for MVU, a crypto for sports betting site meVu.bet.

During the 2018 FIFA World Cup, meVU had more than 89,000 new signups.

A blockchain authority

The blockchain bonanza has led lots of companies to bring in Metaverse for advice. In May, the company was asked to advise on a $50 million crypto offering for Spend Group, which produces Visa-branded payment cards.

Similarly, FORK was approached by Hyperion, a security token exchange, to advise on an equity offering from Ocean Falls Blockchain Corp.

FORK was also brought in to create a blockchain payment and administration platform for Bravio Technologies Limited using the Lightning network, a means by which Bitcoin users can quickly conduct unlimited transactions between one another.

"We are pleased to have such an extensive and diverse portfolio of assets and projects that use or relate to cryptocurrency,” CEO Shidan Gouran said. “This macro-level growth bodes very well for us and our shareholders, especially with many of our projects being built for newly-strengthened areas of growth such as sports betting. We look forward to a productive 2019 for both us and our partners, as crypto and blockchain begin to play a greater role in mainstream commerce."

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Tue, 18 Jun 2019 08:20:00 -0400 https://ca.proactiveinvestors.com/companies/news/222335/metaverse-capital-offers-strong-2q-update-in-wake-of-surging-cryptocurrency-markets-222335.html
<![CDATA[News - New cannabis-focused social network launches on Metaverse's Nuvo blockchain platform ]]> https://ca.proactiveinvestors.com/companies/news/221978/new-cannabis-focused-social-network-launches-on-metaverse-s-nuvo-blockchain-platform-221978.html Metaverse Capital Corp (CSE:FORK) (OTCMKTS:GBCHF) announced Wednesday that its partner Cannadex Labs Inc is launching Highmiles, a new social community on the company’s Nuvo blockchain network.

Highmiles is a social community geared towards the lifestyles of cannabis users where users can rate pot products, review new businesses and discuss various topics related to marijuana.

Vancouver-based Metaverse, formerly Global Blockchain, partnered with Cannadex in May 2019 in an agreement that sees Metaverse transferring all work products and assets of the Laser inter-blockchain protocol to Cannadex in exchange for 25% equity.

READ: Metaverse Capital says first round of its MVU sports betting token offering set to begin on Monday

Cannadex’s founder Steven Dryall was instrumental in helping to develop the Nuvo blockchain network. The company plans to use Laser’s technology stack in a new iteration of Nuvo that will serve as a platform for a commodities spot market, anticipated to launch in 4Q 2019.

"After the federal legalization of cannabis in Canada in 2018, we have seen an incredible growth of interest on the subject across the country, but a lack of corresponding support from the major media channels -- including social media networks,” said Cannadex’s Dryall in a statement. “Highmiles will nicely complement the Cannadex Exchange, which we are still on track to launch before the end of 2019."

Highmiles users will be paid in NUVO tokens, according to Metaverse. The Nuvo network boasts over 45,000 active accounts from around the globe.

"We are thrilled to see the Nuvo blockchain network continue to grow; both in terms of its user base and having a third community launched on it,” said Metaverse’s CEO Shidan Gouran.

“Between these communities, and the Cannadex Exchange operating on the Nuvo blockchain network, these developments reflect very well on the Nuvo blockchain as a technology.”

READ: Global Blockchain Mining to change name to Metaverse Capital

According to Gouran, the Nuvo blockchain network will likely see additional applications and communities on it later in 2019.

Metaverse also said that the second round of the initial exchange offering for NUVO blockchain currency concluded on May 22. The NUVO token will be listed on the Probit exchange once a listing date is confirmed with Probit, according to Metaverse.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Wed, 12 Jun 2019 08:25:00 -0400 https://ca.proactiveinvestors.com/companies/news/221978/new-cannabis-focused-social-network-launches-on-metaverse-s-nuvo-blockchain-platform-221978.html
<![CDATA[News - Metaverse Capital says first round of its MVU sports betting token offering set to begin on Monday ]]> https://ca.proactiveinvestors.com/companies/news/221727/metaverse-capital-says-first-round-of-its-mvu-sports-betting-token-offering-set-to-begin-on-monday-221727.html Metaverse Capital Corp (CSE:FORK) (OTCMKTS:GBCHF), formerly Global Blockchain Mining Corp, revealed that the first round of its previously announced initial exchange offering (IEO) for blockchain group MeVu Inc is set to begin on June 10.

MeVu operates a blockchain-based sports betting platform built on Ethereum, using smart contracts to establish and resolve bets.

READ: Metaverse to administer crowdsale for Canadian Bitcoin miner on Hyperion Exchange

The offering of the MVU digital tokens will be carried out in four rounds. Below are the details.

First round: 7 million MVU at US$0.09 (with a hard cap of US$630,000) Second round: 8 million MVU at US$0.10 (Hard cap of US$800,000) Third round: 20 million MVU at US$0.11 (Hard cap of US$2.2 million Fourth round: 20 million MVU at US$0.12 (Hard cap of US$2.4 million)

Participants of the first round can benefit from purchase bonuses of up to 40%, FORK noted.

"Now that legalized sports betting is widely available in the United States, the demand for it has become more and more prominent," said FORK CEO Shidan Gouran.

"The trouble is that bettors don't want to keep paying the high vigorish charged by traditional bookmakers, which is why a peer-to-peer betting model makes a lot more sense. MeVu has found a way to make that happen in a secure, low-cost manner with virtually no compromise when compared to the experience of betting with a bookmaker. We are very much looking forward to the opening of the IEO for MVU on Monday, as we help meVu into their next chapter as a disruptive sports betting platform, and a dynamic use case of blockchain technology."

For its involvement, FORK is due to receive base compensation of 222,223 MVU (or 0.212% of the total MVU supply) and up to 3 million MVU (or 2.86% of the total MVU supply) based on  the offering's performance.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Fri, 07 Jun 2019 07:35:00 -0400 https://ca.proactiveinvestors.com/companies/news/221727/metaverse-capital-says-first-round-of-its-mvu-sports-betting-token-offering-set-to-begin-on-monday-221727.html
<![CDATA[News - Metaverse to administer crowdsale for Canadian Bitcoin miner on Hyperion Exchange ]]> https://ca.proactiveinvestors.com/companies/news/221226/metaverse-to-administer-crowdsale-for-canadian-bitcoin-miner-on-hyperion-exchange-221226.html Metaverse Capital Corp (CSE:FORK)(OTCMKTS:GBCHF) announced Thursday it will administer a crowdsale for a Bitcoin miner on the Hyperion Exchange.

Hyperion Crypto Exchange Inc tapped Metaverse to oversee the equity offering for Ocean Falls Blockchain of Ocean Falls, British Columbia. The equity offering will be made in the form of a regulated security token, according to a statement. 

Under its agreement with Hyperion, Metaverse also will perform compliance checks for the offering as a security token, preparation of media materials, marketing and promotion, as well as interacting with participants to address questions and concerns.

READ: Global Blockchain Mining changes name to Metaverse Capital and outlines plans for 2019

Metaverse said Ocean Falls leverages an inexpensive supply of electricity, and is engaged in the development of advanced mining technologies including heat capture and transfer to maximize efficiency and minimize environmental impact. Ocean Falls' operations are slated to expand both in Ocean Falls and at other locations along the central coast of British Columbia.

The Toronto-based Hyperion Exchange is an alternative trading system that acts as a blockchain-based trading platform for security tokens, which are also called non-bearer tokenized securities. It’s registered with the US Securities and Exchange Commission.

“Traditional stock markets have become less and less appealing for equity offerings, between the fixed costs of listing, and the ongoing costs and hassle related to compliance,” said Metaverse CEO Shidan Gouran. “As a security token marketplace, the Hyperion Exchange overcomes much of this, giving companies and investors alike access to a more robust and dynamic range of securities without the drawbacks of traditional exchanges.”

In other company news, Metaverse also announced that it has sold its masternode stakes in the Dash and Loki blockchain networks at a profit. Despite the company’s decision to sell these stakes, it continues to operate its masternode pooling platform for clients as a key part of its operations.

Metaverse, based in Vancouver, British Columbia, changed its name from Global Blockchain Mining Corp last week.

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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Thu, 30 May 2019 08:33:00 -0400 https://ca.proactiveinvestors.com/companies/news/221226/metaverse-to-administer-crowdsale-for-canadian-bitcoin-miner-on-hyperion-exchange-221226.html
<![CDATA[News - Global Blockchain Mining to change name to Metaverse Capital ]]> https://ca.proactiveinvestors.com/companies/news/220726/global-blockchain-mining-to-change-name-to-metaverse-capital-220726.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) announced Tuesday that it has changed its name to Metaverse Capital Corp, and expects to start trading under its new name on May 24, 2019. 

The company's common shares will continue to trade under the ticker FORK on the Canadian Securities Exchange.

Originally founded with a focus on crypto-mining, the Vancouver company has diversified its offerings by developing and administering launches of tokens and digital assets. It is also now using its computing power to provide the operation of masternodes and servicenodes.

READ: Global Blockchain Mining to conduct C$50 million private-equity security-token offering for Spend Group token

According to the firm, the CSE will publish a bulletin announcing the date of the name change. It is anticipated that the common shares will begin trading under the new name on or about Friday, May 24, 2019.

The firm noted no action is required to be taken by shareholders with respect to the name change, as outstanding share and warrant certificates are not affected by the name change. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Tue, 21 May 2019 16:27:00 -0400 https://ca.proactiveinvestors.com/companies/news/220726/global-blockchain-mining-to-change-name-to-metaverse-capital-220726.html
<![CDATA[News - Global Blockchain Mining to conduct C$50 million private-equity security-token offering for Spend Group token ]]> https://ca.proactiveinvestors.com/companies/news/220703/global-blockchain-mining-to-conduct-c50-million-private-equity-security-token-offering-for-spend-group-token-220703.html Global Blockchain Mining Corp (CSE:FORK) announced Tuesday it has been engaged by Spend Group to conduct a C$50 million private-equity sale in the form of a security token offering for the Spend equity token.

The Spend product is built around a multi-currency digital wallet with support for 27 fiat currencies and more than 16 cryptocurrencies, according to a Global Blockchain statement.

Balances of cryptocurrencies can be converted to fiat currencies in real-time, enabling them to be spent at retailers through Spend's three Visa-branded payment cards using its proprietary conversion technology, currently available in the US and Canada. The cards are secured by EMV chip technology and compatible with Apple Pay and Google Pay, the company said.

READ: Global Blockchain Mining announces pricing details for MeVu token offering

Pending the necessary approvals, Vancouver, British Columbia-based Global Blockchain said it's planning a public offering of Spend's equity token as a security token on the Hyperion Exchange -- making Spend Group's equity token one of the first publicly-traded security tokens in the world.

“We are confident that FORK can put Spend in front of the right investors, which will bring us the capital we are seeking to fund our growth,” said Bryan Woods, president of Spend Group.

Addressing cryptocurrency usability at retail level

Spend, based in Toronto, addresses the issue of cryptocurrency usability at the retail level, the greatest struggle that the crypto ecosystem has faced since its post-boom decline in 2018.

Several major Internet brands and merchants had accepted cryptocurrencies such as Bitcoin for payment. However, as regulatory and value-stability concerns mounted, this acceptance was discontinued by several retailers.

Spend overcomes this challenge by having no requirements for retailers to make accommodations for the use of cryptocurrencies beyond regular acceptance of Visa cards, Global Blockchain noted.

“Spend provides an answer to what everyone has been wondering about from the beginning of crypto's popularity; how can it be spent?,” said Global Blockchain CEO Shidan Gouran. “While most assets and applications in crypto are built to work around the traditional financial services infrastructure, Spend has found a way to align crypto assets with this infrastructure by leveraging the Visa payment network.”

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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Tue, 21 May 2019 08:59:00 -0400 https://ca.proactiveinvestors.com/companies/news/220703/global-blockchain-mining-to-conduct-c50-million-private-equity-security-token-offering-for-spend-group-token-220703.html
<![CDATA[Media files - Global Blockchain Technologies sign deal with Bravio to enter lottery world ]]> https://ca.proactiveinvestors.com/companies/stocktube/13406/global-blockchain-technologies-sign-deal-with-bravio-to-enter-lottery-world-13406.html Fri, 17 May 2019 11:46:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/13406/global-blockchain-technologies-sign-deal-with-bravio-to-enter-lottery-world-13406.html <![CDATA[News - Global Blockchain Mining announces lottery tie-up, its second stake in the digital betting world ]]> https://ca.proactiveinvestors.com/companies/news/220225/global-blockchain-mining-announces-lottery-tie-up-its-second-stake-in-the-digital-betting-world-220225.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) has struck a deal with Toronto-based Bravio Technologies Ltd to develop a blockchain-based platform so players can take part in global lotteries.

With blockchain and cryptocurrencies being ideal for use in the digital betting sector, this deal represents the firm's second stake in this vertical, said FORK, following the announcement last week that it will carry out an initial exchange offering (IEO) with sports betting platform MeVu for MeVu's crypto asset MVU.

Today, the group revealed it had inked an exclusive letter of intent with Bravio, in which it will develop a state-of-the-art, blockchain-disciplined cryptocurrency payment and asset administration platform.

READ: Global Blockchain Mining set to carry out token offering for MeVu, which has platform for peer-to-peer online betting

The platform  will perform payment processing and administrative functions for Bravio's end-to-end foreign lotteries program, in which players from anywhere in the world can participate in lotteries that are deemed to be attractive based on jackpot size.

Provisionally, the platform's functions may include sales, ticketing, deposits, payments, and rewards as part of Bravio's existing lottery programs.

"Pairing the use of FORK's Platform built on ultra-reliable blockchain technology, and allowing a decentralized system of payment such as cryptocurrencies allows Bravio to potentially engage a whole new style and demographic of lottery player," said Bravio CEO Paul Carroll.

"Our aim is to offer global participants the option to use cryptocurrency to purchase original lottery tickets in most of the world's best-known lotteries."

Bravio's existing lottery programs enable users in key operating markets the option to participate in multiple foreign lottery draws, including "mega" jackpots such as the PowerBall in the USA and Lotto 6/49 in Canada.

With a strong presence in the markets of North America, Europe, India, Nepal, Asia Pacific and Australia, Bravio's ecosystem  can access to more than 260 million mobile phone subscribers via partnerships with cellular network operators.

Lottery jackpots, particularly in the US, have gained considerable worldwide attention in recent years.

The drawings for the US MegaMillions lottery last year were widely covered by media outlets as the jackpot accumulated to more than US$1.5 billion in total value.

Currently, FORK expects to retain around 40% of transaction fees collected by the proposed lottery ticketing Platform in connection with Bravio's lottery program offering.

Lightning network

Notably, the platform will allow Bravio to accept payments made through Bitcoin's Lightning network, which will allow for inexpensive transaction fees, and low processing times compared to traditional Bitcoin transactions.

Global Blockchain Mining added that recently confidence in Bitcoin appeared to have improved.

With the crypto-currency having started the month of May at under US$5,400, the price has steadily risen, staying consistently above US$6,000 on Thursday, May 9 and consistently above US$7,000 on Monday (May 13)even surpassing USD$7,800 at one point, it noted.

Shares zoomed up in Toronto over 33% to stand at $0.02 each.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Tue, 14 May 2019 08:21:00 -0400 https://ca.proactiveinvestors.com/companies/news/220225/global-blockchain-mining-announces-lottery-tie-up-its-second-stake-in-the-digital-betting-world-220225.html
<![CDATA[News - Global Blockchain Mining announces pricing details for MeVu token offering ]]> https://ca.proactiveinvestors.com/companies/news/220141/global-blockchain-mining-announces-pricing-details-for-mevu-token-offering-220141.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) has posted details of the previously announced initial exchange offering (IEO), which it is carrying out, for Toronto-based blockchain group MeVu Inc.

MeVu operates a blockchain-based sports betting platform built on Ethereum, using smart contracts to establish and resolve bets.

The IEO will be conducted in four rounds with 55 million MVU being made available.

READ: Global Blockchain Mining set to carry out token offering for MeVu, which has platform for peer-to-peer online betting

The first round is set to begin in the next 30 calendar days, FORK said today. The details are below:

First round: 7 million MVU at US$0.09 (with a hard cap of US$630,000) Second round: 8 million MVU at US$0.10 (Hard cap of US$800,000) Third round: 20 million MVU at US$0.11 (Hard cap of US$2.2 million Fourth round: 20 million MVU at US$0.12 (Hard cap of US$2.4 million)

As disclosed last week, from previous sale efforts for MVU, MeVu has been able to raise more than US$350,000 for less than 5% of MVU's total supply of 105 million MVU.

"Our strategy with the IEO for MVU is to reach as wide of a range of participants as possible, by having four rounds on four different exchanges," said FORK president and CEO Shidan Gouran.

"As sports betting has become more popular, particularly on non-traditional forms of sport such as esports, we are emphasizing MeVu's novel approach to sports wagering as a primary value proposition for MVU as a crypto asset. We are confident that we will connect with IEO participants globally through our promotional efforts and capitalize on the existing momentum already built by MeVu in the ever-growing ecosystem of sports betting."

A beta version of MeVu's betting platform is currently live, which allows wagers on sports to include hockey, basketball, baseball, MMA, and esports.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Mon, 13 May 2019 08:33:00 -0400 https://ca.proactiveinvestors.com/companies/news/220141/global-blockchain-mining-announces-pricing-details-for-mevu-token-offering-220141.html
<![CDATA[News - Global Blockchain Mining set to carry out token offering for MeVu, which has platform for peer-to-peer online betting ]]> https://ca.proactiveinvestors.com/companies/news/219884/global-blockchain-mining-set-to-carry-out-token-offering-for-mevu-which-has-platform-for-peer-to-peer-online-betting-219884.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) is to carry out an initial exchange offering (IEO) for Toronto-based blockchain group MeVu Inc using its MVU digital tokens.

"Administering token offerings has proven to be a great business focus for us, because we get to work with real innovators of crypto and blockchain, to bring their visions to the public marketplace," said FORK CEO Shidan Gouran in a statement on Wednesday.

MeVu has developed an Ethereum-based platform for peer-to-peer online betting, which uses MVU as its official currency.

READ: Global Blockchain Mining inks agreement to complete development of Nuvo 2.0 network

The platform matches counterparties for a given wager based on set odds, enabling each bettor to bet against one another (peer-to-peer) instead of betting against a central bookmaker (pari-mutuel).

"After the U.S. Supreme Court ruled in favour of legalized sports betting last year, there has been considerable interest from new entrants who want to get into this space," noted MeVu project leader and co-founder, Kelvin Coelho.

"The trouble is, when sports betting is being offered in a venue like a casino, their operating overhead comes out of each bettor's winnings in the form of a higher vigorish, which nobody wants to give up if they don't have to.

"By combining the power of blockchain technology with a sustained demand for sports wagering, MeVu is addressing a real and persisting need in this growing ecosystem with a 'lean' approach that ultimately benefits the actual participants, and not the middlemen."

Multiple stages

The IEO will be conducted in multiple stages, each on different exchanges, up to a maximum of 55 million MVU out of the total supply of 105 million MVU.

From previous MVU sale efforts by MeVu, more than US$350,000 was raised for 5 million VU (between US$0.07 and US$0.08 per MVU).

For its involvement in the offering, Fork is due to receive compensation of up to 3 million MVU, which will be paid according to a set schedule in which up to 1.5 million MVU will be paid out with each US$100,000 raised.

FORK will be paid 50% of all MVU tokens sold at each threshold, to a maximum of 1.5 million and a lump sum of 1.5 million MVU will be paid out upon a cumulative total of US$1 million being raised in the IEO.

Global Blockchain will also be paid a 10% bonus on all sales from private investors introduced by FORK.

"Aside from being in a very in-demand category with a ready-to-go minimum viable product, MeVu has already seen success to date with its MVU token sales of more than US$350,000 for less than 5% of its token supply. We are very pleased to have reached this agreement with MeVu, and we look forward to a productive next few months as we carry out the IEO for them," added CEO Gouran.

Originally founded with a focus on crypto-mining, FORK has recently diversified also into professional services such as developing and administering launches of tokens and digital assets.

Shares in FORK in Canada surged over 33% to stand at C$0.020 on the day.  In the US, the stock shed 2.7% to $0.01 each.

--Updates for share price rise--

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Wed, 08 May 2019 07:22:00 -0400 https://ca.proactiveinvestors.com/companies/news/219884/global-blockchain-mining-set-to-carry-out-token-offering-for-mevu-which-has-platform-for-peer-to-peer-online-betting-219884.html
<![CDATA[News - Global Blockchain Mining inks agreement to complete development of Nuvo 2.0 network ]]> https://ca.proactiveinvestors.com/companies/news/219717/global-blockchain-mining-inks-agreement-to-complete-development-of-nuvo-20-network-219717.html Global Blockchain Mining Corp (CSE:FORK (OTCMKTS:GBCHF) has entered into an agreement with a partner to complete development of the company’s Nuvo 2.0 blockchain network.

In a new agreement with Cannadex Labs Inc announced Monday, Global Blockchain will transfer the intellectual property and assets associated with the Laser blockchain interoperability solution in exchange for 25% equity in Cannadex.

Cannadex has agreed to complete the remainder of the development of the second iteration of the Nuvo blockchain network, Nuvo 2.0, which will incorporate parts of the Laser technology stack.

READ: Global Blockchain Mining client Nuvo Corp launches new gaming community

The product generated by Monday’s agreement will be available to Nuvo’s user community under an open-source license. Cannadex will use Nuvo 2.0 to build a blockchain-based spot market exchange for tokenized commodities, with a focus on cannabis assets.

Global Blockchain will retain a perpetual, closed-source flexible license to use the full Laser technology stack.

"Cannadex is the perfect company to take Laser and incorporate parts of it into Nuvo 2.0, which will not only benefit them for purposes of their Spot Market, but it will also benefit the Nuvo blockchain ecosystem and holders of NUVO tokens by allowing for interoperability with other blockchains,” said Global Blockchain’s president and CEO Shidan Gouran in a statement.

“This deal positions FORK advantageously, as we will hold 25% of Cannadex's equity, as well as 5% of the genesis block of NUVO tokens, which will see a dramatically widened use case with the changes introduced as part of Nuvo 2.0,” he said.

Vancouver-based Global Blockchain will retain its rights to 5%, or 200 million Nuvo tokens that comprise the genesis block.

Nuvo 2.0

The Nuvo blockchain network’s first iteration was built as a collaboration between Global Blockchain, its client Nuvo Cash Ltd and a community of grassroots developers including Cannadex’s founder Steven Dryall.

The network now has 45,000 users between its social media communities Jamaa and GameKarma, an increase of 30,000 in the past week, according to Global Blockchain.

Originally founded with a focus on crypto-mining, the company has diversified its offerings by developing and administering launches of tokens and digital assets.

Shares of Global Blockchain rose 33% on Friday to close at C$0.02 on the Canadian Securities Exchange, and were up 7.2% to US$0.01 at close Friday on OTC markets in the US.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Mon, 06 May 2019 08:33:00 -0400 https://ca.proactiveinvestors.com/companies/news/219717/global-blockchain-mining-inks-agreement-to-complete-development-of-nuvo-20-network-219717.html
<![CDATA[News - Global Blockchain Mining client Nuvo Corp launches new gaming community ]]> https://ca.proactiveinvestors.com/companies/news/218984/global-blockchain-mining-client-nuvo-corp-launches-new-gaming-community-218984.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) announced Tuesday that its client, Nuvo Cash Ltd, is launching GameKarma, a new social media community on the Nuvo network.

GameKarma is the second such community on Nuvo’s blockchain network.

According to a press release from Nuvo, GameKarma will be an interest-based community that focuses on video gamers.

READ: Global Blockchain Mining client Nuvo Cash to launch new messaging platform 'Nuvo Chat'

Global Blockchain first announced its partnership with Nuvo Cash in December 2018. As part of the partnership, the company will assist Nuvo Cash to develop the Nuvo blockchain network.

Nuvo’s network will act as a foundation for decentralized applications and social media communities that are immune to censorship and government interference, according to a statement from Global Blockchain.

Last December, Nuvo and Global Blockchain launched the first social media community, Jamaa, to address social media neutrality issues in African countries. The community has since built a network of more than 15,000 users across Africa and internationally.

“As more and more people are coming to resist traditional social media networks that are anything but neutral, the model of decentralized social media makes more and more sense,” Global Blockchain’s CEO Shidan Gouran said in a statement.

“We are very happy with the results our client has received so far with Jamaa, and we expect the initial stages of GameKarma and Nuvo Chat to see similar success.”

READ: Global Blockchain Mining changes name to Metaverse Capital and outlines plans for 2019

The company also added that with more use of the Nuvo blockchain network comes more use of the NUVO token, creating value for both companies and its shareholders.

The NUVO token is the blockchain network’s proprietary cryptocurrency. The sale of NUVO tokens being administered by FORK on behalf of Nuvo Cash remains live on the Korean exchange ProBit.

Nuvo Cash also announced that the Nuvo-based decentralized communications application Nuvo Chat was deployed to the blockchain on April 19. The company expects that Nuvo Chat's user interface will be finalized by May 3.

Additionally, Nuvo Cash is planning to launch an interactive online gaming platform built on HTML5 as an additional dimension of the GameKarma brand. The beta version of the platform will be launched for single-player use by April 25, and the multi-player version will launch by July 1.

The platform will include integration on the Nuvo blockchain network, allowing players to engage in peer-to-peer competitions in which they can earn NUVO tokens.

Global Blockchain recently announced that it is changing its name to Metaverse Capital Corp in the near future. Shares of Global Blockchain were trading at C$0.03 in Canada and US$0.02 in the US on Tuesday.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Tue, 23 Apr 2019 15:31:00 -0400 https://ca.proactiveinvestors.com/companies/news/218984/global-blockchain-mining-client-nuvo-corp-launches-new-gaming-community-218984.html
<![CDATA[News - Global Blockchain Mining client Nuvo Cash to launch new messaging platform 'Nuvo Chat' ]]> https://ca.proactiveinvestors.com/companies/news/218598/global-blockchain-mining-client-nuvo-cash-to-launch-new-messaging-platform--nuvo-chat--218598.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) told investors Monday that its client Nuvo Cash, the UK social media company, will be launching a messaging platform called Nuvo Chat on April 19.

Nuvo Chat will be a decentralized platform for text and media messaging, as well as VoIP and video calling.

The user experience for Nuvo Chat will be built primarily around group discussions, similar to platforms such as Slack, Discord and Telegram. But it will operate on the Nuvo blockchain network, giving Nuvo Chat users the same protections as Nuvo-based social media communities, which focus on user privacy and immunity to censorship.

READ: Global Blockchain Mining enters deal with AmmbrTech to deploy wireless mesh network technology in northern Canada

The debut of Nuvo Chat creates value for Global Blockchain ( which is changing its name to Metaverse Capital Corp) since by operating a layer two decentralized network for both messaging and social media ( such as Nuvo) on a layer-one decentralized infrastructure network such as its partner Ammbr, a fully decentralized communications and media distribution network will be created.

“The creation of such a network stands to create substantial social benefits on a global scale by creating new opportunities, and introducing previously unknown freedoms to many regions,” according to Global Blockchain’s press release.

Global Blockchain has been working with Nuvo Cash since the end of 2018 to assist in developing the Nuvo blockchain network, which acts as the foundation for a number of blockchain-based social media networks that are resistant to censorship, and enable the users to be paid in NUVO tokens (the network's own cryptocurrency) in exchange for sharing content and voting on postings.

READ: Global Blockchain Mining concludes crowdsale for provider of 'last mile' internet access to remote regions

Global Blockchain is also administering the NUVO token sale on behalf of Nuvo Cash. The sale began on April 12 on the Korean digital asset exchange ProBit and participants in the sale can currently benefit from a purchase bonus of as much as 10%.

To date, there is one social media community on Nuvo called Jamaa, which is geared towards users in Africa, and currently has more than 15,000 users.

Just last week, Global Blockchain announced that it is changing its name to Metaverse Capital Corp. When the name change is made formal, a statement will be issued.

Global Blockchain shares closed at US$0.18 in over-the-counter trading on Friday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Mon, 15 Apr 2019 08:43:00 -0400 https://ca.proactiveinvestors.com/companies/news/218598/global-blockchain-mining-client-nuvo-cash-to-launch-new-messaging-platform--nuvo-chat--218598.html
<![CDATA[News - Global Blockchain Mining changes name to Metaverse Capital and outlines plans for 2019 ]]> https://ca.proactiveinvestors.com/companies/news/218323/global-blockchain-mining-changes-name-to-metaverse-capital-and-outlines-plans-for-2019-218323.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) announced Wednesday that it is changing its name to Metaverse Capital Corp.

The word Metaverse refers to the digital universe, which is what the blockchain ecosystem is becoming, according to the Vancouver company. When the name change is made formal, a statement will be issued.

In other news,  the blockchain company said operations of its "pooling" platform for pooled masternode funding and blockchain network staking are now underway with capital contributed from customers. On top of this, the company is currently operating nodes on the Dash and Loki blockchain networks and plans to participate on several other networks as well.

READ: Global Blockchain Mining enters deal with AmmbrTech to deploy wireless mesh network technology in northern Canada

This new diversified approach comes in response to improved conditions of the crypto asset markets, underscored by the reduced dominance of Bitcoin.

"The crypto asset markets have improved very favourably in 2019, and this foreshadows a good future for FORK and its shareholders" said CEO Shidan Gouran in a statement. "While our focus was once on Bitcoin, we were able to use our market intel to determine what are the most productive blockchain networks to focus on, which led us to our revised model in which we are currently seeing results."

As of this week, the crypto asset market had total capitalization of about US$180 billion, with 24-hour trading volume of about US$53 billion. These figures compare favorably to the start of the year when total capitalization came in at about US$126 billion, with 24-hour trading volume of about US$13 billion.

Thanks to such statistics which appear to favor crypto assets besides Bitcoin, the company is pursuing a direction that focuses on the Dash and Loki blockchain networks.

And its pooling platform consists of stakes in 2 Dash Masternodes (required operating collateral: 1,000 DASH coins) and 8 Loki Service Nodes (operating collateral of 27,000 LOKI coins).

READ: Global Blockchain Mining concludes crowdsale for provider of 'last mile' internet access to remote regions

Going forward, in addition to Dash and Loki, the company is also operating or plans to run on Stellar, a payments network and decentralized exchange, as well as KODAKOne, a blockchain-based image rights management platform developed by WENN Digital with guidance from the photography company Eastman Kodak that uses KODAKCoin as its digital currency.

In other advances, the company sees strong potential in running nodes on the Bitcoin Lightning network, which expedites and scales Bitcoin transactions. 

Other networks in its sights include Ammbr, a wireless mesh network management platform which acts as a decentralized internet service provider as well as Elixxir, a decentralized and private communications network led by David Chaum, who is considered one of the fathers of cryptocurrencies.acts as a decentralized Internet service provider (ISP).

The Elixxir networks remains in development and the company aims to be one of the first service node operators on the network when it launches.

Also on the company’s agenda are Nuvo, a blockchain for social media networks, and Stratus, which was first developed as a standalone blockchain network for automated buying and selling of computing resources. The network is being modified to act as a layer-two marketplace that will operate on top of the Filecoin, Storj and Sia blockchain networks.

Originally founded with a focus on crypto-mining, the Vancouver company has diversified its offerings by developing and administering launches of tokens and digital assets. It’s also now using its computing power to provide the operation of masternodes and servicenodes.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Wed, 10 Apr 2019 06:11:00 -0400 https://ca.proactiveinvestors.com/companies/news/218323/global-blockchain-mining-changes-name-to-metaverse-capital-and-outlines-plans-for-2019-218323.html
<![CDATA[Media files - Global Blockchain spins out company and provides update on Ammbr partnership ]]> https://ca.proactiveinvestors.com/companies/stocktube/12900/global-blockchain-spins-out-company-and-provides-update-on-ammbr-partnership-12900.html Fri, 05 Apr 2019 17:28:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/12900/global-blockchain-spins-out-company-and-provides-update-on-ammbr-partnership-12900.html <![CDATA[News - Global Blockchain Mining enters deal with AmmbrTech to deploy wireless mesh network technology in northern Canada ]]> https://ca.proactiveinvestors.com/companies/news/217977/global-blockchain-mining-enters-deal-with-ammbrtech-to-deploy-wireless-mesh-network-technology-in-northern-canada-217977.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) says it has struck a deal with US-based AmmbrTech, which will bring internet connectivity to parts of northern Canada that currently do not have reliable access.

It comes following the crowdsale for the AMR crypto asset and sees the formation of subsidiary Ammbr Telecom, in which Global Blockchain Mining (FORK) te regions

will invest its holdings of AMR tokens and shall receive a 25% stake of its shares.

READ: Global Blockchain Mining concludes crowdsale for provider of 'last mile' internet access to remo

The Ammbr network is a blockchain platform, which manages a wireless mesh network, which acts as a decentralized Internet service provider (ISP).
Individuals with internet connections are able to "sell" their bandwidth through the network, and individuals who seek to use the internet may do so using Ammbr Network connections within range.

Ammbr network transactions are settled using the AMR cryptocurrency token, which is capable of processing near-instant micropayments.

The main business focus of today's agreement is on servicing the natural resource industry, but Ammbr Telecom will also be working with disadvantaged and low-income communities, said FORK.

"According to the World Bank, more than 91 percent of Canada's population uses the Internet; though that means close to nine percent does not, which is more than 3.3 million people, many of whom are up north," said Shidan Gouran, President and CEO of FORK.

Government grants

"There are many government grants available for the rollout of networks like the Ammbr network, and we believe that we have made a very good investment into Ammbr Telecom enabling this to happen."

Meanwhile, Simon Ditner, the chief technologist of Global Blockchain Mining will be joining Ammbr Telecom as its Chief Technologist to provide oversight of its technologies and technical matters.

Ammbr Foundation (with which FORK partnered in October last year) management members Derick Smith and Rakesh Rajagopal will also take part in the management team of Ammbr Telecom.

AmmbrTech CEO Derick Smith said: "In 2019, there will be two major, large-scale use cases of the Ammbr Network on opposite sides of the globe, between our rollout in northern Canada, and our rollout in India. As we will be servicing companies as well as disadvantaged communities, this fulfills our visions for Ammbr, including the social impact of bringing Internet connectivity to those who need it the most."

Contact Giles at giles@proactiveinvestors.com

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Thu, 04 Apr 2019 08:48:00 -0400 https://ca.proactiveinvestors.com/companies/news/217977/global-blockchain-mining-enters-deal-with-ammbrtech-to-deploy-wireless-mesh-network-technology-in-northern-canada-217977.html
<![CDATA[News - Global Blockchain Mining concludes crowdsale for provider of 'last mile' internet access to remote regions ]]> https://ca.proactiveinvestors.com/companies/news/217038/global-blockchain-mining-concludes-crowdsale-for-provider-of---last-mile--internet-access-to-remote-regions-217038.html Global Blockchain Mining Corp (CSE:FORK) advanced its push into professional services when it said Friday that the AMR crowdsale it conducted on behalf of a Singapore client concluded with 80% of the allocation purchased.

The cryptocurrency company said 320 million AMR tokens were sold for Ammbr Foundation Pte Ltd in the public crowdsale on the Singularity Exchange as well as private sales to institutional clients. The AMR token is a crypto asset that was developed by Ammbr for the automated buying and selling of Internet bandwidth.

Ammbr is working to provide "last mile" internet access to regions and communities that otherwise have no means of access. A crowdsale is a type of project financing that is carried out by issuing cryptocurrency tokens.

READ: Global Blockchain Mining says Nuvo Cash crowdsale shifts to Singularity Exchange

The proceeds were collected in a range of cryptocurrencies including Bitcoin and Ethereum, according to Global Blockchain. The company announced its partnership with Singapore-based Ammbr in October.

Shares of Vancouver-based Global Blockchain Mining climbed C$0.005 to C$0.01 in Friday afternoon's Canadian trading.They were up US$0.001 to US$0.008 on the OTC Markets.

In January, Ammbr's US-based affiliate AmmbrTech Inc had secured an infrastructure deployment contract with the India-based internet service provider Smartware Technologies Pvt Ltd, with rollouts planned across 53 cities and more than 15,000 villages in India.

AmmbrTech is beginning production on the first volume production order of Ammbr network hardware for India, which will underpin full commercial deployment beginning in May, according to Global Blockchain.

As part of a move to serve the resources industry as well as providing internet connectivity for disadvantaged communities, Global Blockchain and AmmbrTech are exploring the launch of a wireless mesh network under a joint venture in northern Canada.

'Most pleased with the outcomes'

"We are most pleased with the outcomes of working with FORK so far,” Ammbr Managing Director Derick Smith said in a statement. “They have brought about great results in conducting sales of AMR, and cultivated new business opportunities, including a unique arrangement in which we can build wireless mesh networks on Ammbr for northern Canada.”

Global Blockchain President and CEO Shidan Gouran said “we congratulate Mr. Smith and his team for developing a scalable and dynamic wireless mesh networking solution using blockchain technology.”

Earlier this week, the company said the crowdsale it’s handling for Nuvo Cash Ltd was shifting to the Singularity Exchange to enable it to tap into a larger number of digital asset types.

–Updates share prices–

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Fri, 22 Mar 2019 09:04:00 -0400 https://ca.proactiveinvestors.com/companies/news/217038/global-blockchain-mining-concludes-crowdsale-for-provider-of---last-mile--internet-access-to-remote-regions-217038.html
<![CDATA[News - Global Blockchain Mining says Nuvo Cash crowdsale shifts to Singularity Exchange ]]> https://ca.proactiveinvestors.com/companies/news/216650/global-blockchain-mining-says-nuvo-cash-crowdsale-shifts-to-singularity-exchange-216650.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) said Monday that the crowdsale it is handling for Nuvo Cash Ltd, is shifting to the Singularity Exchange to enable it to tap into a larger number of digital asset types.

Singularity Exchange, according to Global Blockchain, supports Bitcoin and Ethereum, as well as 22 other crypto assets, including Loki. Ripple and Steem. The crowdsale was to begin at noon EDT today and remain live until 11:59 p.m. EDT on May 17. Those who participate in the first calendar week, up until noon March 25, will receive a 20% discount on the price of NUVO tokens.

Shares of Global Blockchain Mining advanced C$0.005 to C$0.01 in Monday's Canadian trading and fetched US$0.0058 on the OTC Markets.

READ: Global Blockchain Mining cites crypto-asset marketplace rebound after turbulent start to 2019

In December 2018, Global Blockchain Mining announced that it had been appointed to administer a crowdsale for NUVO, a proprietary crypto asset of UK-based Nuvo Cash, for use on blockchain-based social media networks that are underpinned by Nuvo Cash technology such as Jamaa.

Initially, the NUVO crowdsale was to be held on Paperstreet, a platform operated by San Francisco-based Paperstreet LLC, which participated in Techstars '19, working closely with Global Blockchain Mining President and CEO Shidan Gouran.

Nuvo Cash, according to Global Blockchain Mining, decided instead to use the Singularity Exchange because it supports more types of digital assets for payment. Paperstreet supports crowdsale payments made by Bitcoin and Ethereum only.

NUVO tokens will have a list price of US$0.0025 (one-quarter of one US cent or 400 NUVO tokens to US$1) in any supported currency.

'Very pleased'

"We are very pleased with everything that FORK has done for us to date, in bringing NUVO and its associated technologies to fruition,” Nuvo Cash Managing Director Irfan Hussain said in a statement.

Gouran said he agrees with its client’s decision, “given the initial feedback we have received from participants,” adding that Global Blockchain Mining plans to use Paperstreet in other clients' crowdsales.

He noted that there are more than 2,100 cryptocurrencies right now, with Bitcoin and Ethereum making up more than 61% of the market capitalization.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Mon, 18 Mar 2019 08:30:00 -0400 https://ca.proactiveinvestors.com/companies/news/216650/global-blockchain-mining-says-nuvo-cash-crowdsale-shifts-to-singularity-exchange-216650.html
<![CDATA[News - Global Blockchain Mining says Paperstreet will host NUVO token crowdsale ]]> https://ca.proactiveinvestors.com/companies/news/215617/global-blockchain-mining-says-paperstreet-will-host-nuvo-token-crowdsale-215617.html Global Blockchain Mining Corp (CSE:FORK) said Friday that Paperstreet LLC has been picked to host the crowdsale for the NUVO token crowd sale and that whitelisting will begin on March 4.

The NUVO tokens are digital assets being issued by UK-based Nuvo Cash Ltd and will be used on social media platforms hosted on Nuvo Cash’s blockchain network.

Vancouver-based Global Blockchain announced last December that it was commissioned by Nuvo Cash to administer the crowdsale.

READ: Global Blockchain Mining says Nuvo Cash Ltd blockchain network crowdsale set for March 1

Based in San Francisco, Paperstreet is an end-to-end token sale platform and has closed eight offerings to date. Custodianship of the raised proceeds in the NUVO token crowdsale will be arranged via the Singularity Exchange.

“We are confident in Paperstreet’s ability to host the NUVO crowdsale,” said Steven Nerayoff, chairman of the Global Blockchain Mining Corp, in a statement. “Singularity’s ability to provide institutional-grade custody for digital assets, and integrate that into third-party platforms and exchanges like Paperstreet will bring a lot of changes to crypto, with custody remaining a hurdle for many players.”

Set up with a focus on crypto-mining, Global Blockchain has moved into the development and administration of launches of tokens and digital assets.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Fri, 01 Mar 2019 07:52:00 -0500 https://ca.proactiveinvestors.com/companies/news/215617/global-blockchain-mining-says-paperstreet-will-host-nuvo-token-crowdsale-215617.html
<![CDATA[News - Global Blockchain Mining cites crypto-asset marketplace rebound after turbulent start to 2019 ]]> https://ca.proactiveinvestors.com/companies/news/215248/global-blockchain-mining-cites-crypto-asset-marketplace-rebound-after-turbulent-start-to-2019-215248.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) said the crypto-asset marketplace is enjoying a rebound after a turbulent start to 2019.

The market cap of cryptocurrencies climbed to US$143 billion on February 24 from USD $111 billion on February 8, according to Global Blockchain Mining, citing figures from Coinmarketcap.com.

In addition, the 24-hour trading of cryptocurrencies increased to US$39 billion on February 24 from about US$12 billion on January 1. Global Blockchain Mining said.

READ: Global Blockchain Mining says Nuvo Cash Ltd blockchain network crowdsale set for March 1

“These changes indicate a gradual improvement of the crypto asset space at large, which stand to reflect a positive outlook for FORK's investments and business endeavors,” Global Blockchain Mining said Monday in a statement.

Earlier this month, the company said the crowdsale for the Nuvo token will begin March 1. In January, Global Blockchain Mining said it had completed development of a proof-of-stake resource aggregation platform as part of providing consensus services on five blockchain networks.

Shares of Global Blockchain Mining flat in Monday’s OTC Markets trading and fetched a penny in Canada.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Mon, 25 Feb 2019 10:33:00 -0500 https://ca.proactiveinvestors.com/companies/news/215248/global-blockchain-mining-cites-crypto-asset-marketplace-rebound-after-turbulent-start-to-2019-215248.html
<![CDATA[News - Global Blockchain Mining says Nuvo Cash Ltd blockchain network crowdsale set for March 1 ]]> https://ca.proactiveinvestors.com/companies/news/214003/global-blockchain-mining-says-nuvo-cash-ltd-blockchain-network-crowdsale-set-for-march-1-214003.html Global Blockchain Mining Corp (CSE:FORK) said Tuesday that the crowdsale for the Nuvo token will begin March 1, with its bounty campaign starting February 18.

As announced in December, the cryptocurrency company was retained by UK-based Nuvo Cash Ltd to provide technical and advisory services for the development of the Nuvo Cash blockchain-based network. It will be the underlying network for social media communities including Nuvo Cash's flagship, Africa-focused network, Jamaa Online.

Global Blockchain said in a statement Tuesday that a memorandum of understanding provides for the administration and promotion of the Nuvo token crowdsale.

READ: Global Blockchain Mining cites significant interest in AMR crypto asset crowdsale

Under the Nuvo Cash blockchain, the order of postings in a user's news feed will be determined by a community-based voting process as opposed to an ad-based algorithm, according to Global Blockchain Mining. Users will be paid Nuvo tokens in exchange for their participation, which includes posting, sharing and voting or commenting on content.

Nuvo Cash is also developing networks for the Philippines, Southeast Asia and India, according to Global Blockchain Mining.

Global Blockchain Mining fetched C$0.005 in Monday’s Canadian trading.

Last month, the company said the AMR crypto asset crowdsale for Singapore-based Ammbr Foundation Pte Ltd had attracted significant interest.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Tue, 05 Feb 2019 08:15:00 -0500 https://ca.proactiveinvestors.com/companies/news/214003/global-blockchain-mining-says-nuvo-cash-ltd-blockchain-network-crowdsale-set-for-march-1-214003.html
<![CDATA[News - Global Blockchain partner Ammbr to support Illum Applied Technologies’ blockchain energy trading marketplace ]]> https://ca.proactiveinvestors.com/companies/news/213422/global-blockchain-partner-ammbr-to-support-illum-applied-technologies-blockchain-energy-trading-marketplace-213422.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) said Monday that its partner Ammbr Foundation Pvt Ltd has established a partnership with Texas-based Illum Applied Technologies which will see the Ammbr mesh network used to support a blockchain-based energy trading marketplace being developed by Illum.

The Vancouver-based blockchain-focused company has secured a deal to administer the crowd sale for Ammbr Foundation’s proprietary crypto token AMR on the Singularity Exchange.

The token is the crypto asset for a blockchain-based network, which was developed by Ammbr Foundation Pte Ltd (Ammbr), for the automated buying and selling of Internet bandwidth.

READ: Global Blockchain Mining Corp says hotly anticipated AMR token crowdsale to begin today

Illum's marketplace will enable homeowners who own residential energy storage batteries to engage in energy trading through an automated exchange platform powered by blockchain technology. Battery owners will have the opportunity to charge their batteries when power is cheapest (typically at night) and use the stored power either to reduce the load on the grid or sell power back into the grid.

Illum CEO Michael Beitler said his company was “proud” to be ushering in the “future of the electric grid” with its strategic collaboration partner, Ammbr.

“Our partnership, with the use of Ammbr modular mesh routers, will give Illum the ability to create a cryptographically secure, smart city mesh or fabric over the cities where Illum, through its subsidiary, Virtual Power Plant, LLC, can deploy homeowner-owned, decentralized battery based microgrid electric systems," said Beitler in a statement.

Blockchain-based energy trading

Aside from the “positive environmental effects,” battery owners on the Illum network will have the benefit of “profiting from energy trades,” an opportunity that everyday homeowners have never had, pointed out the company. The networked group of batteries will also give battery owners access to wholesale energy prices, enabling users to save on energy costs.

With Illum operating on Ammbr's wireless mesh network, the network will benefit by having a greater user base between participants using it for Internet access, energy trading, or both. As there are other parallel use cases for decentralized utilities management outside of Internet access and energy, this development foreshadows even greater usership on the Ammbr network.

"We have long speculated that telecommunication services and electrical power are utilities, that are conceptually distributed in the same way,” said Ammbr's CEO Derick Smith. “Therefore, the tools should integrate and provide users with a consistent experience, especially in terms of the economic aspects. The partnership with Illum is giving us the material opportunity to demonstrate that."

The crowd sale for AMR on the Singularity Exchange is now entering its third week, with participation levels rising, said the company.

“It is exciting to think about what the world will be like with Ammbr's network being able to bring Internet access to all corners of the world, but it is even more exciting to think about what impact it will have for utilities such as electricity to be distributed in a similar way," said Global Blockchain CEO Shidan Gouran.

Global Blockchain Mining Corp is engaged in mining blue chip cryptocurrencies through the deployment of hardware and associated infrastructure. Investors through their investment in Global Blockchain get exposure to cryptocurrencies.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Mon, 28 Jan 2019 08:01:00 -0500 https://ca.proactiveinvestors.com/companies/news/213422/global-blockchain-partner-ammbr-to-support-illum-applied-technologies-blockchain-energy-trading-marketplace-213422.html
<![CDATA[News - Global Blockchain Mining cites significant interest in AMR crypto asset crowdsale ]]> https://ca.proactiveinvestors.com/companies/news/213275/global-blockchain-mining-cites-significant-interest-in-amr-crypto-asset-crowdsale-213275.html Global Blockchain Mining Corp (OTCMKTS:GBCHF) said Thursday that the AMR crypto asset crowdsale has attracted significant interest.

The cryptocurrency miner said in a statement that many users have been whitelisted, referring to a list of entities approved for authorized access.

AMR is a crypto asset created by Singapore-based Ammbr Foundation Pte Ltd, which has developed a "wireless mesh" network based on blockchain. The network is designed to enable Internet access to be bought and sold on an autonomous marketplace, with the goal of bringing connectivity to regions lacking infrastructure.

Ammbr's affiliate company AmmbrTech Inc has developed a suite of router hardware to allow users to monetize their Internet connections, according to Global Blockchain Mining.

Accepted payment methods in the AMR crowdsale include bitcoin, dash, Ethereum,  ethereum classic, loki, monero, steem, stellar lumens, USD coin and any standard standard currency through wire transfer.

"We are thrilled about how many people have completed the whitelisting process to participate in the AMR crowdsale,” Global Blockchain Mining President and CEO Shidan Gouran said in the statement. Ammbr is a project that we have believed in since we first heard about it.”

Ammbr CEO Derick Smith added that "this is an immensely satisfying moment for all of us at Ammbr, now that we are starting to see this community of users come together.”

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Thu, 24 Jan 2019 09:18:00 -0500 https://ca.proactiveinvestors.com/companies/news/213275/global-blockchain-mining-cites-significant-interest-in-amr-crypto-asset-crowdsale-213275.html
<![CDATA[News - Global Blockchain Technologies says X2 Games is new business focus ]]> https://ca.proactiveinvestors.com/companies/news/212888/global-blockchain-technologies-says-x2-games-is-new-business-focus-212888.html Global Blockchain Technologies Corp (CNSX:BLOC.U) (OTCMKTS:BLKCF) said Friday that X2 Games will be the company’s new business focus.

The Vancouver-based company closed on the purchase of the blockchain-focused gaming company on December 17, acquiring all intellectual property rights to X2 Games’ current projects including digital interactive games for Amazon.com Inc (NASDAQ:AMZN) Alexa. One of these games, “St. Noire,” has a pre-release date set for early 2019, with three other Amazon Alexa games set to be launched this year.

READ: Global Blockchain Technologies Corp acquires X2 Games

The purchase of X2 Games tapped Nolan Bushnell, co-founder of Atari and Chuck E. Cheese’s, and Hollywood creative director and visual effects developer Zai Ortiz in key leadership roles as Global Blockchain pivots to gaming.

“This transition will help X2’s goal to revolutionize gaming and merge it with cinema and artificial intelligence in exciting ways,” Bushnell, chairman and CEO of X2 Games, said in a statement.

‘Well-positioned'

Ortiz, chief creative officer, co-founder and president of X2 Games, added that “X2 is well-positioned to take advantage of this rapidly growing industry.”

Shares of Global Blockchain climbed C$0.01 to C$0.04 in Thursday’s Canadian trading. They traded at US$0.03 on the OTC Markets.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

 

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Fri, 18 Jan 2019 08:36:00 -0500 https://ca.proactiveinvestors.com/companies/news/212888/global-blockchain-technologies-says-x2-games-is-new-business-focus-212888.html
<![CDATA[News - Global Blockchain Mining Corp says hotly anticipated AMR token crowdsale to begin today ]]> https://ca.proactiveinvestors.com/companies/news/212511/global-blockchain-mining-corp-says-hotly-anticipated-amr-token-crowdsale-to-begin-today-212511.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) revealed that the much-anticipated crowd sale for the AMR token will begin today at 9am EST (Eastern Standard Time) on the Singularity Exchange.

The token is the crypto asset for a blockchain-based network, which was developed by Ammbr Foundation Pte Ltd (Ammbr), for the automated buying and selling of Internet bandwidth.

READ: Global Blockchain Mining hails AmmbrTech partnership with Smartware for infrastructure deployment in India

The vision is to provide "last mile" internet access to regions and communities that otherwise have no means of access.

Global Blockchain Mining is overseeing some of Ammbr’s development and administering the AMR crowdsale.

In return, it receives an allotment of AMR tokens and a percentage of the crowdsale’s proceeds.

"The timing of this crowdsale is perfect, in light of last week's announcement of Ammbr's deal with India-based ISP Smartware, in which they will be deploying Ammbr hardware for internet access infrastructure across 53 cities and more than 15,000 villages," said Shidan Gouran, President and CEO of Global Blockchain Mining in a press release Monday.

"These routers will all use Ammbr's blockchain-based marketplace, which means they will all use AMR tokens, meaning that there is an actual use for this crypto asset right from the beginning."

He added: "We were thrilled to be working with Ammbr from the start, and we are very excited to see what happens in the next few months as the AMR crowdsale goes forward, and Ammbr's technology begins its first large-scale deployment in the real world."

Notably, Ammbr's AMR crowd sale is one of the only crowdsales so far, in which the product has already been built, and the crypto asset can actually be used for its intended purpose.

It is not just a fundraising exercise for product development.

READ: Global Blockchain Mining completes node platform development

Steven Nerayoff, chairman of Global Blockchain Mining, added: "Furthermore, not only can it immediately be used for its intended purpose upon completion of the crowdsale, the use of AMR will go hand-in-hand with the infrastructure deployments in India, which will begin to roll out over the course of 2019.

"Ammbr's technology represents a quantum leap in telecom; but more importantly, it demonstrates just how powerful and scalable blockchain is.

"Combined with fairer and more open wireless spectrum policies, Ammbr can close the gap in Internet access that still plagues much of the world, and contribute to building an overall faster and more reliable Internet around the globe."

Those interested in the tokens must first apply to be whitelisted on the Singularity Exchange, before being approved to participate in the AMR crowdsale.

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Mon, 14 Jan 2019 08:27:00 -0500 https://ca.proactiveinvestors.com/companies/news/212511/global-blockchain-mining-corp-says-hotly-anticipated-amr-token-crowdsale-to-begin-today-212511.html
<![CDATA[News - Global Blockchain Mining hails AmmbrTech partnership with Smartware for infrastructure deployment in India ]]> https://ca.proactiveinvestors.com/companies/news/212425/global-blockchain-mining-hails-ammbrtech-partnership-with-smartware-for-infrastructure-deployment-in-india-212425.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) hailed Friday the partnership of AmmbrTech Inc with Smartware Technologies Pvt Ltd for a project in India.

Vancouver-based Global Blockchain said in a press release that AmmbrTech and Smartware are working on the deployment of Ammbr routers and blockchain micropayment architecture to underpin a licensed franchise model for voice, data and content delivery.

READ: Global Blockchain Mining to oversee AMR bounty program

US-based AmmbrTech develops and manufactures a suite of blockchain-driven wireless mesh routers for Singapore-based Ammbr Foundation Pte. Ltd. Global Blockchain Mining announced in October a partnership with Ammbr to develop a blockchain-based network. Smartware is a licensed internet service provider based in Mumbai.

"This deal with Smartware is great for Ammbr,” Simon Ditner, the chief technologist at Global Blockchain Mining, said in a statement. “It will result in a level of network adoption that most wireless mesh networks haven't been able to attain to date. Our team is thrilled to have helped to bring it to fruition.”

Earlier this week, Global Blockchain Mining said it will oversee and provide periodic oversight for the AMR token bounty program.

The AMR crypto asset was created by Ammbr for use on its blockchain-based wireless mesh network management platform.

Global Blockchain Mining is engaged in mining cryptocurrencies through the deployment of hardware and associated infrastructure.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Fri, 11 Jan 2019 10:13:00 -0500 https://ca.proactiveinvestors.com/companies/news/212425/global-blockchain-mining-hails-ammbrtech-partnership-with-smartware-for-infrastructure-deployment-in-india-212425.html
<![CDATA[News - Global Blockchain Mining to oversee AMR bounty program ]]> https://ca.proactiveinvestors.com/companies/news/212338/global-blockchain-mining-to-oversee-amr-bounty-program-212338.html Vancouver-based Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) said Thursday that it will oversee and provide periodic oversight for the AMR token bounty program.

The AMR crypto asset was created by Singapore-based wireless technologies company Ammbr Foundation Private Limited for use on its blockchain-based wireless mesh network management platform.

READ: Global Blockchain Mining completes node platform development

Global Blockchain has secured a deal to administer the crowdsale for Ammbr network's proprietary crypto token AMR. In exchange for its advisory services, Global Blockchain will receive an allotment of AMR tokens.

The AMR bounty program consists of rewards given in exchange for actions that promote, or bolster interest in the AMR crowdsale.

“In today's competitive crowdsale environment, having an aggressive bounty program is a must," said Ammbr CEO Derick Smith. "We are putting an emphasis on social sharing because we believe this will foster growth of the Ammbr platform itself, not just the AMR crypto asset.”

Smith also noted that building awareness about the Ammbr platform would also shine a light on the need for universal internet access. Half the world’s population is online, but lack of skills and investment are slowing growth.

“With awareness of the Ammbr platform comes awareness of the problem that it seeks to solve, with many parts of the world still lacking a reliable connection to the Internet,” said Smith.  

“We feel this will resonate with virtually everyone, making the bounty program a key part of our strategy to make Ammbr the best it can be," he added.

The company said all actions must be taken through the bounty administration platform Coinclaim ((http://www.coinclaim.io) in order to be eligible for payment.

It is possible to earn AMR token rewards by posting the crowdsale link on social media sites like Facebook, Twitter and joining the Telegram discussion group. AMR token reward amounts will be listed on Coinclaim's website.

The AMR crowdsale is scheduled to kick off at 9:00 am EST on January 14, 2019.

Global Blockchain Mining is engaged in mining blue-chip cryptocurrencies through the deployment of hardware and associated infrastructure. Investors through their investment in Global Blockchain get exposure to cryptocurrencies.

 

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Thu, 10 Jan 2019 08:55:00 -0500 https://ca.proactiveinvestors.com/companies/news/212338/global-blockchain-mining-to-oversee-amr-bounty-program-212338.html
<![CDATA[News - Global Blockchain Mining completes node platform development ]]> https://ca.proactiveinvestors.com/companies/news/212235/global-blockchain-mining-completes-node-platform-development-212235.html Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS:GBCHF) said Wednesday that it had completed development of a proof-of-stake resource aggregation platform for the operation of masternodes, servicenodes and witnesses as part of providing consensus services on five blockchain networks.

This will enable the company to use pooled funds from customers, giving them access to an asset class that has a relatively high barrier to entry through any other means.

READ: Global Blockchain Technologies plans January 8 official launch of Singularity Exchange

Providing consensus services profitably has a capital requirement that is prohibitive to most individuals, necessitating the commitment of large sums as collateral.

The Vancouver-based group said it will be able to “syndicate capital from a multitude of parties” to meet these capital requirements, and distribute the earnings proportionately to one's capital contributions.

"As most financially-savvy people and entrepreneurs know, your opportunities widen when you pool resources with others," said Global Blockchain CEO Shidan Gouran in a statement.

"Whether you're buying real estate, or you're running a pool of masternodes and servicenodes, you're going to get a better return on your money by teaming up with others to buy something Grade-A, as opposed to whatever you can afford on your own.

"Since consensus services require significant capital outlays, we believe our platform will benefit customers by giving them exposure to this profitable method of earning. As the platform will be able to support virtually any other new blockchain network that comes out as well, this has excellent long-term earning prospects for all types of customers," added Gouran.

At the outset, the platform will support consensus services on the blockchain networks of Dash, ZenCash, Loki, Steem, and Nuvocash. It has been developed to be able to easily provide support for consensus services on other blockchain networks, which can be onboarded based on market conditions at a given time.

READ: Global Blockchain to develop social network for UK-based Jamaa Online

Global Blockchain will oversee all aspects of the platform's operation, including selecting and maintaining hardware, allocating resources to a given category of consensus services, and performing market analytics to optimize returns.

FORK will retain 15% of all gross earnings derived from consensus services, and return the balance to customers who will have the option to allow their earnings to remain on the Platform, or cash out. The platform will be offered from February 15, 2019.

Private demonstrations of the platform were given this week to several attendees of the Consumer Electronics Show in Las Vegas, Nevada.

"With consensus services being the backbone of any blockchain network, there will always be a demand for them. In proof-of-stake models, which are becoming a lot more common, the average person cannot benefit from this demand, since it requires tens or hundreds of thousands of dollars to be committed as collateral,” said FORK Chairman Steven Nerayoff, while adding that FORK's platform would go a long way in “efficiently, fairly, and sustainably” helping the public access “the lucrative nature” of consensus services.

 

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Wed, 09 Jan 2019 07:40:00 -0500 https://ca.proactiveinvestors.com/companies/news/212235/global-blockchain-mining-completes-node-platform-development-212235.html
<![CDATA[News - Global Blockchain Technologies plans January 8 official launch of Singularity Exchange ]]> https://ca.proactiveinvestors.com/companies/news/211267/global-blockchain-technologies-plans-january-8-official-launch-of-singularity-exchange-211267.html Global Blockchain Technologies Corp (CSE:BLOC.U) (OTCMKTS:GBCHF) said Friday that it’s planning a January 8 launch for its Singularity Exchange, a decentralized crypto asset trading platform.

The Vancouver-based cryptocurrency company said in a press release that it will introduce at the same time a crowdsale platform for the sale of security tokens.

READ: Global Blockchain Technologies signs deal to buy Atari co-founder's gaming company X2 Games for $49.6M

The first crowdsale held on Singularity will be for the AMR token, the underlying crypto asset of Ammbr, a decentralized, blockchain-based wireless mesh network project with a tie to Global Blockchain’s sister company, Global Blockchain Mining Corp (CSE:FORK) (OTCMKTS: GBCHF).

"There may have been ups and downs in the crypto market, but it remains clear that there is a persisting interest in cryptocurrencies as a more advanced way of transacting value, as well as in blockchain networks as a decentralized form of governance,”  Shidan Gouran, CEO of the companies, said in a statement.

In addition, the Laser interoperability blockchain network has been adjusted to be better suited as the backbone network of Singularity's custody process, according to Global Blockchain Technologies.

Laser will still function as a second-layer network enabling interoperability between the blockchain networks of bitcoin, ethereum and others.

Shares of Global Blockchain slipped C$0.01 to C$0.05 in Friday’s Canadian trading.

 

Contact Dennis Fitzgerald at dennis@procativeinvestors.com

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Fri, 14 Dec 2018 14:06:00 -0500 https://ca.proactiveinvestors.com/companies/news/211267/global-blockchain-technologies-plans-january-8-official-launch-of-singularity-exchange-211267.html
<![CDATA[News - Global Blockchain to develop social network for UK-based Jamaa Online ]]> https://ca.proactiveinvestors.com/companies/news/211165/global-blockchain-to-develop-social-network-for-uk-based-jamaa-online-211165.html Global Blockchain Mining Corp (CNSX: BLOC.U)  said Thursday that it has signed a memorandum of understanding to develop a decentralized social network and communications platform for UK-based Jamaa Online Ltd.

The Vancouver-based crytocurrency investment firm said in a press release that the Jamaa network, known as Nuvocash, will be programmed in a way that users can earn tokens in exchange for posting original content, curating content from other places or  voting and commenting on content.

READ: Global Blockchain signs deal to buy Atari co-founder's gaming company X2 Games for $49.6M

In exchange for its development services, Global Blockchain Mining will be paid 5% of premined Nuvo tokens, which will serve as Jamaa's native cryptocurrency. In addition, Global Blockchain said it will provide services for Nuvo's crowdsale.

Through a proof-of-brain algorithm, tokens are issued to users in exchange for making contributions to the network, according to Global Blockchain.

"The blockchain technology that we are developing for Jamaa's blockchain, the Nuvocash network, will be a groundbreaking advancement in distributed ledger technology, which will be capable of scaling to the size of Facebook or YouTube, all while remaining decentralized,” Global Blockchain CEO Shidan Gouran said in a statement.

He added that the network’s proprietary crypto asset will be an ethereum ERC-20 token.

Shares of Global Blockchain traded at C$0.05 in Wednesday’s Canadian trading.

Earlier this month, Global Blockchain signed a definitive agreement to buy Atari co-founder Nolan Bushnell’s blockchain-focused gaming company X2 Games Corp for C$49.6 million.

 

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Thu, 13 Dec 2018 09:07:00 -0500 https://ca.proactiveinvestors.com/companies/news/211165/global-blockchain-to-develop-social-network-for-uk-based-jamaa-online-211165.html
<![CDATA[News - Global Blockchain Mining seeks to remove potentially fraudulent app from Apple store ]]> https://ca.proactiveinvestors.com/companies/news/210067/global-blockchain-mining-seeks-to-remove-potentially-fraudulent-app-from-apple-store-210067.html Global Blockchain Mining Corp. (CSE: FORK) (OTCMKTS:GBCHF) said it was seeking the removal of an app from Apple's (NASDAQ:AAPL) App Store, which, it says, is potentially fraudulent.

In a regulatory statement Tuesday, the Vancouver-based group said it was aware of an iOS smartphone application called Tether Wallet that was available, claiming that it had been developed by the company.

READ: Global Blockchain Mining says AMR crypto asset crowd sale website is now ready

"This application is not affiliated with [Global Blockchain Mining] in any way, and the company is presently in the process of pursuing this matter with Apple to seek removal from the App Store," it told investors.

Moreover, the group also advised the public to 'exercise caution' in verifying the integrity of any app or product that handles sensitive information such as financial details.

"Individuals who have been victimized by Tether Wallet should be sure to retain all records relating to their use of the application, and contact Apple and their local authorities to lodge a complaint," the firm added.

"We are appalled to discover that our company's name and goodwill has been misused for fraudulent purposes, and we are actively investigating this, with the immediate priority being the removal of this application from the App Store, to ensure no additional persons are defrauded," said Shidan Gouran, president and chief executive officer of Global Blockchain Mining.

He also noted: "It is worth noting that if Apple used blockchain technology for its App Store and WOT (Web of Trust) for authentication and identity management, this would curtail the growing issue of illegitimate applications on the platform. This is yet another case that proves how secure decentralized platforms are, as this misuse of the company's name would not have been possible on such a platform."

Shares in Global Blockchain Mining were unchanged at $0.015 each.

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Tue, 27 Nov 2018 14:47:00 -0500 https://ca.proactiveinvestors.com/companies/news/210067/global-blockchain-mining-seeks-to-remove-potentially-fraudulent-app-from-apple-store-210067.html
<![CDATA[News - Global Blockchain Mining says AMR crypto asset crowd sale website is now ready ]]> https://ca.proactiveinvestors.com/companies/news/209955/global-blockchain-mining-says-amr-crypto-asset-crowd-sale-website-is-now-ready-209955.html Global Blockchain Mining Corp (CNSX: FORK) (OTCMKTS:GBCHF) said Monday that the website for the crowd sale of AMR is now available along with a white paper on the related technology.

The crowd sale of AMR, the crypto asset of Singapore-based Ammbr Foundation Pte Ltd, will be from January 8 to March 8.

READ: Global Blockchain Technologies to launch website for the crowd sale of AMR crypto asset

In the AMR crowd sale, there will be 400 million tokens, or 20% of the total issuance of 2 billion tokens. Each token will be priced at the equivalent of US$0.025 in the accepted currencies listed on the crowd sale's website.

“We are pleased to be working with Ammbr, and we look forward to leading a successful crowd sale for them," said Shidan Gouran, president and CEO of Global Blockchain Mining, which is based in Vancouver.

He added that Ammbr has received government endorsements from Guinea-Bissau, Uganda, Sierra Leone, Guinea, Burundi and the Congo.

In exchange for its sale administration and development services, Global Blockchain Mining will be paid 241.55 million AMR tokens, as well as 10% of all proceeds from the public crowd sale.

Ammbr was formed in 2017 with the goal of combining wireless mesh and blockchain technologies to broaden the availability of internet connectivity without having to rely on telecom companies or internet service providers to build the infrastructure.

A demonstration of Ammbr's technologies will be given at the 2019 Mobile World Congress in Barcelona, Spain, from Feb. 25 to Feb. 28.


Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

 

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Mon, 26 Nov 2018 10:17:00 -0500 https://ca.proactiveinvestors.com/companies/news/209955/global-blockchain-mining-says-amr-crypto-asset-crowd-sale-website-is-now-ready-209955.html
<![CDATA[News - Global Blockchain Technologies launches open forum to provide greater transparency on firm ]]> https://ca.proactiveinvestors.com/companies/news/209494/global-blockchain-technologies-launches-open-forum-to-provide-greater-transparency-on-firm-209494.html To give greater transparency and shareholders a voice, Global Blockchain Technologies Corp (CNSX:BLOC) says it has created an open forum to answer questions and help clarify its initiatives.

The company's new forum — called /r/ForkCSE on Reddit — can be found HERE.

"We care about what our shareholders have to say, and we believe that by offering an open public forum in which their questions can be answered, we will deliver even more value to them," said the Vancouver based group's president and CEO Shidan Gouran.

READ: Global Blockchain Technologies to launch website for the crowd sale of AMR crypto asset

"Our company has undergone a number of key changes over the past couple of months, and we know that there are many questions about these changes," Gouran continued. "For that reason, we have created an open forum on Reddit to clarify investor enquiries to the benefit of the whole community, and we look forward to answering questions about FORK as they come up."

FORK noted it had diversified its operations beyond simply the mining of cryptocurrencies.

The company will operate service nodes and master nodes on select blockchain networks, enabling it to earn transaction fees.

In addition, its computing facilities will provide witness services for consensus protocols and some of the management team's members are providing consulting and advisory services to select entities as clients.

Shares in Toronto were unchanged at $0.06 each.

 

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow Giles on Twitter @Gile74

 

 

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Mon, 19 Nov 2018 10:55:00 -0500 https://ca.proactiveinvestors.com/companies/news/209494/global-blockchain-technologies-launches-open-forum-to-provide-greater-transparency-on-firm-209494.html
<![CDATA[News - Global Blockchain Mining revises strategy for two-tier networks ]]> https://ca.proactiveinvestors.com/companies/news/209218/global-blockchain-mining-revises-strategy-for-two-tier-networks-209218.html Global Blockchain Mining Corp (CSE:FORK) said Wednesday that it will operate master nodes for two-tier blockchain networks that use service nodes to provide trust services for features such as expedited transactions.

The company added that it has been looking at running a data center to provide computing power for artificial intelligence applications.

READ: Buying Bitcoin: A beginner’s guide to dealing in cryptocurrency

"A defining value of FORK, as a business, is investing in infrastructure, as opposed to speculating on assets," CEO Shidan Gouran said in a statement.

A master node is a governing hub for some cryptocurrency networks, with a node being a computer running a network. To own a master node, operators are required to commit collateral, which can be confiscated in cases of fraud, according to Global Blockchain Mining.

A service node is a connecting point for data transmission.

 

Contact Dennis Fitzgerald at dennis@proaciveinvestors.com

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Wed, 14 Nov 2018 12:16:00 -0500 https://ca.proactiveinvestors.com/companies/news/209218/global-blockchain-mining-revises-strategy-for-two-tier-networks-209218.html
<![CDATA[News - Global Blockchain Mining teams up with Ammbr for AMR asset ]]> https://ca.proactiveinvestors.com/companies/news/207775/global-blockchain-mining-teams-up-with-ammbr-for-amr-asset-207775.html Global Blockchain Mining Corp (CSE:FORK) announced Tuesday it has partnered with Ammbr Foundation Pte. Ltd. to launch its AMR crypto asset, and conduct its public crowdsale on Singularity.

Ammbr has developed a network protocol which provides wireless mesh Internet access using a distributed network of routers, creating a democratized and trustless Internet service provider equivalent. It has also developed three different router products, including a portable router, an in-home router and a solar-powered outdoor router. 

The AMR crypto asset will be the Ammbr network's official currency, as a means of providing access to the network, as well as facilitating transactions on it.

"The versatility of wireless mesh networks like Ammbr's network is incredible," said Shidan Gouran, president and chief executive officer.

"It is widely used by the U.S. military, and even Google is incorporating it into its wireless home products. In the first world, we take for granted how readily available the Internet is. Wireless mesh networks will improve Internet accessibility in regions where this is not the case, which will translate to social, environmental and economic impact in developing regions. By using a blockchain network to manage Ammbr's network with its own cryptocurrency, this version of a mesh network will be scalable and sustainable, with easy set-up using Ammbr's plug-and-play network hardware."

The company said the public crowdsale for AMR, which is set to begin in December, follows its private sale, which has been completed.

Participants in the public crowdsale can purchase AMR using any asset that is traded on the Singularity Exchange, owned and operated by Global Blockchain Technologies Corp., Global Blockchain Mining's sister company.

The company said 400 million AMR tokens will be available in the public crowdsale, which will be priced at US$0.2.5 each. The total issuance of AMR tokens is two billion units.

In exchange for its advisory and crowdsale administration services, Global Blockchain Mining will receive 241.55 million AMR tokens, as well as 10% of all proceeds from the public crowdsale.

The company will also operate nodes on the Ammbr network, which are positioned to generate consistent revenue. The expected launch date of the Ammbr network will align with the 2019 Mobile World Congress (Feb. 25 to Feb. 28 in Barcelona).

"According to the World Bank, more than 76% of the U.S. population uses the Internet. However, if you compare that to regions such as sub-Saharan Africa at 19.84%, it is easy to see that much of the world is yet to benefit from the abilities of the Internet as a widely available resource. Since wireless mesh networks can spread Internet connectivity more evenly within a given region, Ammbr's network will be positioned to bring significant changes to many parts of the world," said Global Blockchain Mining chairman Steve Nerayoff.

"With blockchain technology at the network's foundation, it can be rapidly built, scaled and incentivized. Combining the abilities of our team and Ammbr's hardware development expertise, this partnership will make a large-scale wireless mesh network a near-term reality."

Shares of Global Blockchain Mining were at C$0.02 on Tuesday.

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Tue, 23 Oct 2018 15:45:00 -0400 https://ca.proactiveinvestors.com/companies/news/207775/global-blockchain-mining-teams-up-with-ammbr-for-amr-asset-207775.html
<![CDATA[News - Global Blockchain Mining up and running with 9,000 bitcoin miners online ]]> https://ca.proactiveinvestors.com/companies/news/204253/global-blockchain-mining-up-and-running-with-9000-bitcoin-miners-online-204253.html Global Blockchain Mining Corp (CNSX:FORK) said it is now operating in Quebec and New York State and had 9,000 bitcoin miners.

Both facilities have round the clock security, operations personnel, and customised racking and cooling engineering to ensure maximum efficiencies.

Capacity to expand

Notably, the firm and its hosting partners have secured expansion capacity to accommodate for future growth in the third quarter or early fourth quarter for of up to a further 10,000 machines.

The company expects that by the end of September 2018, it will have 11,666 machines online as well as 3,000 of two further types of machine for a total of 14,666 bitcoin miners online.

"We plan to continue looking for opportunities to acquire more rigs and increase our mining capacity, we believe that we represent true leverage to an increase in the price of bitcoin," said Shidan Gouran, the president and chief executive of FORK.

The company and its partners are exploring a number of software enhancements and algorithms that on trial over a prolonged period have expanded the hash rate by over 20%, it added.

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Wed, 05 Sep 2018 10:08:00 -0400 https://ca.proactiveinvestors.com/companies/news/204253/global-blockchain-mining-up-and-running-with-9000-bitcoin-miners-online-204253.html
<![CDATA[News - Global Blockchain Mining says website now on-line ]]> https://ca.proactiveinvestors.com/companies/news/202223/global-blockchain-mining-says-website-now-on-line-202223.html Global Blockchain Mining Corp (CNSX:FORK) told investors that its website was now online, featuring information about the company as well as an investor presentation deck.

"For advanced crypto investors who prefer the stability of mining, our mining operations could be an attractive stock long term", said Shidan Gouran, the president and chief executive.

Niche area

"There is a sizeable niche of investors who desire the relatively straightforward nature of cryptocurrency mining, and how it is similar to investing in utilities or resources.

"Now that FORK is listed on OTC and CSE, we're pleased to have the website and slide deck publicly available for everyone to become familiar with what FORK does."

The website address is at https://forkcse.com/

The tech firm also revealed it has applied for eligibility to The Depository Trust Company (DTC) for its shares on the OTC Market, where it now trades under the symbol 'GBCHF'.

"DTC eligibility will simplify the process of trading and is expected to enhance the liquidity of the company's common shares on the OTC marketplace," the company said in a brief release.

Blue-chip cryptos

The firm is focused on the mining of blue-chip cryptocurrencies through the deployment of hardware and associated infrastructure to mine these coins.

It says it provides investors with exposure to these cryptocurrencies without the lengthy, and complicated process that they must undergo in order to gain exposure to these cryptocurrencies.

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Fri, 03 Aug 2018 10:49:00 -0400 https://ca.proactiveinvestors.com/companies/news/202223/global-blockchain-mining-says-website-now-on-line-202223.html