Global Blockchain (BLKCF) Announces 2-for-1 Stock Split

VANCOUVER, British Columbia, Feb. 22, 2018 (GLOBE NEWSWIRE) — Global Blockchain Technologies Corp. (the “Company” or “GBT”) is pleased to announce that its Board of Directors has approved a stock split whereby each issued and outstanding common share will effectively be split into two (2) common shares. On March 7, 2018 (the “Mailing Date”), the distribution of the additional common shares as a result of the split will take place. One (1) additional common share will be issued for every one (1) existing common share held by shareholders as at the close of business on the record date of March 1, 2018 (the “Record Date”). The Company’s common shares are expected to begin trading on a split-adjusted basis on March 1, 2018 and on a post-split basis on March 5, 2018 (the “Effective Date”). In accordance with the Company’s Articles, shareholder approval was not required for the stock split.

The Company will not be changing its name, Cusip or its current trading symbol in connection with the stock split. The number of authorized shares of common stock and the par value per share will remain unchanged.

Management of the Company believes that the stock split will make the stock more attractive to a larger portion of the investing community.

On behalf of:

GLOBAL BLOCKCHAIN TECHNOLOGIES CORP.

“Theo van der Linde”

Theo van der Linde, director & CFO
Phone: 604-687-2038

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s goal of streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies. The Company has no assets and its business plan is purely conceptual in nature and there is no assurance that it will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made, including but not limited to: statements and expectations regarding the ability of the Company to (i) successfully engage senior management with appropriate industry experience and expertise, (ii) gain access to and acquire a basket of cryptocurrency assets and pre-ICO and ICO financings on favourable terms or at all, (iii) successfully create its own tokens and ICO’s, and (iv) execute on future M&A opportunities in the cryptocurrency space; receipt of required regulatory approvals; the availability of necessary financing; permitting and such other assumptions and factors as set out herein. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies and ICO’s; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company’s business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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Coin Stocks Cryptocurrency Newsletter – February 22, 2018

The Best Way To Invest In Bitcoin?

Blockchain technology, bitcoin, ethereum; they’re all in the news right now and there’s no end in sight. Some thought of this as a fad but now actual governments are staking claim to their own piece of the cryptocurrency pie. New ICO’s are popping up left and right. “Crypto Fever” is upon us and now it’s time to take full advantage

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Have Crypto Miners Found The Holy Grail?

Blockchain technology, bitcoin, ethereum, litecoin, ripple; these are words that are constantly being reported on. What was once thought of as a fad has now started to grab the ear of some of Wall Street’s biggest investors. A small investment of $100 less than 10 years ago is now worth tens of millions of dollars today!

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Steven Seagal Makes A Triumphant Entry Into The Crypto World

Steven Seagal is the latest Hollywood star to make a triumphant entry into the cryptocurrency scene. The star known for starring in ‘Under Siege’ and ‘Hard’ to kill has shocked a lot of people with his most recent move. What is causing much of the speculation is the fact that he is quite rich but some believe he knows pretty little about the sector. They don’t believe that he is doing it for the money.

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You Can Now Use the Payment Protocol-Compatible BRD (Bread) Wallet for Error-Free Payments to BitPay Merchants

Two months ago, we started requiring Payment Protocol wallets for BitPay invoice payments. It only took a couple of weeks to achieve our goal of nearly eliminating underpayments, overpayments, and late payments for BitPay merchants and their customers.

In the meantime, we’ve been working to help more wallets in the bitcoin ecosystem become fully compatible with Payment Protocol. Our developers recently created a simplified JSON Payment Protocol interface to make it more straightforward for wallets to adopt Payment Protocol. We’ve also been able to welcome the Payment Protocol-compatible Bitcoin.com wallet to the list of compatible wallets for BitPay payments.

Now, we’re excited to announce that BRD Wallet is the newest wallet to become fully compatible for scanning Payment Protocol QR codes. BRD (Bread) is a wallet for Bitcoin, Bitcoin Cash, and Ethereum. BRD has long been one of our most highly recommended true bitcoin wallets, alongside the BitPay and Copay wallets.

With its own new, improved implementation of Payment Protocol, the BRD wallet is perfect for paying any BitPay merchant without risk of underpayments, overpayments, and refunds.

Read our original blog post on why we are adopting a Payment Protocol requirement for BitPay payments.

Wallet developer? Check out BitPay’s new JSON interface for a simpler Payment Protocol implementation.

View all of the wallets which are compatible with BitPay invoices and Payment Protocol.

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Continued Decentralization & the XRP Ledger Consensus Protocol

In May of 2017, Ripple announced its preliminary strategy to increase decentralization and ensure that no single entity has operational control of the XRP Ledger.

Our last update, in October, laid out the details of our two phase plan.

The first phase is well underway: Ripple has migrated to using validator manifests, improved validator security, and published a recommended Unique Node List (UNL) using the new Dynamic UNL infrastructure.

Phase II will see independent validators added to the recommended UNL. During that time, for every two independent validators that are added in the recommended UNL, one Ripple-operated validator will be removed.

The end state will be a network with a varied set of validators, operated by multiple entities from different locations, all sharing one common goal: the long term health and stability of the XRP Ledger.

Beyond our work on decentralization, we have also focused on refining and improving the XRP Ledger Consensus Protocol, the algorithm underlying the XRP Ledger.

Today, members of the research and development teams at Ripple released two new academic research papers on the XRP Ledger Consensus Protocol that we will be submitting for peer review:

The first is a review of the XRP Ledger Consensus Protocol, which refines our previous algorithm analysis, and formally proves that the algorithm ensures safety (no forks) and liveness (does not stall) in the currently planned phases of decentralization.

The second paper introduces Cobalt, a novel, asynchronous consensus algorithm that will improve the existing XRP Ledger Consensus Protocol by allowing for the flexibility to create more diverse UNLs.

Maintaining our momentum towards further decentralization is critical for XRP Ledger to reach its full potential. We’re proud of how far we’ve come, being the only public blockchain that has experienced no reversed transactions, no censorship and no major operational issues for over five years. We look for that  track record to continue as the XRP community takes on more and more responsibilities.

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Ethereum Price Technical Analysis – ETH/USD Nosedives Below $900

Key Highlights

  • ETH price failed to gain pace above $940 and declined sharply against the US Dollar.
  • There was a break below a major bullish trend line with support at $925 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair is now trading below the $900 level and it seems like the price may struggle to correct higher.

Ethereum price declined sharply against the US Dollar and Bitcoin. ETH/USD may correct a few points from the current levels, but upsides remain capped.

Ethereum Price Resistance

There was no upside break in ETH price above the $940 resistance level against the US Dollar. It resulted in a downside reaction and the price declined sharply below $900. It even moved below the $880 support and settled below the 100 hourly simple moving average. There are many bearish signs visible on the charts below the $900 level. The recent low formed was $848 from where the price started an upside correction.

During the downside move, there was a break below a major bullish trend line with support at $925 on the hourly chart of ETH/USD. The pair traded above the 23.6% Fib retracement level of the last decline from the $948 high to $848 low. However, the upside move seems to be limited as the price is facing sellers near $895. On the upside, the 50% Fib retracement level of the last decline from the $948 high to $848 low is likely to act as a resistance. Moreover, there is also a bearish trend line on the same chart with resistance at $900.

Ethereum Price Technical Analysis ETH USD

Therefore, it seems like the price may struggle to correct further above $890-900. On the downside, the $840-850 area is a major support in the short term.

Hourly MACD – The MACD is placed strongly in the bearish zone.

Hourly RSI – The RSI is attempting a small recovery from the oversold levels.

Major Support Level – $850

Major Resistance Level – $900

 

Charts courtesy – SimpleFX

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Cryptocurrency News & Top Stories – February 20, 2018

One Bitcoin Miner’s Strategy Is Turning The Industry On Its Head

Investors are witnessing the dawn of a new era. One of the most mysterious investments and now started to become one of the largest builders of wealth in the last half century.Blockchain technology, bitcoin, ethereum, litecoin, ripple; these are words that are constantly being reported on.

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Bitcoin Price & Blockchain Technology Have Investors Hungry For Opportunity

Blockchain technology, bitcoin, ethereum, litecoin, ripple; these are words that are constantly being reported on. What was once thought of as a fad has now started to grab the ear of some of Wall Street’s biggest investors. A small investment of $100 less than 10 years ago is now worth tens of millions of dollars today!

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Is the ICO Cryptocurrency Craze Over?

The cryptocurrency world has been quite crazy over the course of the past year or so with many individuals getting in solely to make a quick profit. One of the best ways to do this has been through the use of initial coin offerings or ICOs. For those who don’t know, an ICO is when a company offers a coin for investors to purchase as opposed to a traditional stock in an IPO.

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Smoke Network Rewards Cannabis Users With Cryptocurrency

Smoke Network has developed a DPoS blockchain system to enhance its growth and efficiency to enable the self-funded rewards to be facilitated through a completely centralized, user-owned application that promotes network’s growth. The platform is intended to reward members with SMOKE coins for posting and curating the cannabis content on the platform. The interactions allowed include posting images, content, and product reviews on the marijuana strains and available dispensary facilities.

The company will allow the users to benefit from the platform through sharing the cannabis content with friends as well as learn from other users the accurate information about other crucial information from the experienced users and farmers’ insights. According to the new system, 50% of all the SMOKE tokens would be airdropped on the company’s subscribers so as to help them create a more sustainable model for the firm through an airdrop event that would run from 15th February 2018 up to 1st July 2018.

According to the Smoke Network, the cannabis social network platform is inspired by the thrilling cannabis community around the world and the company’s wide experience in managing the social media presence of more than a million users on its network. The platform also announced recently the launch of the ICO campaign that would allow its investors to buy SMOKE tokens from 20th April to 25th May 2018.

The startup company is focusing on the cannabis community with the aim of developing a better social network for its users. The team creating the platform is convinced that the issues facing cannabis users such as censorship of legal cannabis pages and monopolistic practices of social media companies like Facebook highlight the need for a decentralized platform powered by the blockchain technology that cannot be altered by any outside influences.

Some giant sites such as Facebook and Instagram have been shutting down the cannabis-related pages without issuing any warning thus hurting its clients. The company previously had built the 420smokers.us to bring together the cannabis community from the Facebook fans and other social media whose social pages have been pulled down.

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Lenovo Seeks To Acquire Blockchain Validation Patent

The latest blockchain patent filing reveals that the Chinese technology PC giant Lenovo could be seeking for avenues to use blockchain for verifying the validity of its physical documents. In its application released recently by the US Patent and Trademark Office (USPTO), Lenovo describes a set-up that would use the digital signatures encoded in the physical documents that are processed by the computers to verify the authenticity of the documents. The application was submitted in August 2016.

The processing system works by decoding the signature and translating them into the digital map of the physical document which looks similar to the physical copy at hand. According to the application, the digital signature symbolizes a security blockchain that has a series of the digital signatures representing various blocks in the security chain.

Lenovo also stated that its security blockchain focuses on the distributed database, which maintains the constantly growing list of data records secured from being tampered with or revised. Furthermore, each block has the information about the physical document at various points in time.

Lenovo clarified in its application that with the security blockchain, any party can have the authentic physical document even when there are multiple copies that exist and various people have made similar entries in the chain of modification. In case there are any forgeries, they will show up as the orphaned blocks in the system. To validate the physical copy, the user of the electronic device would take the picture of the printed code.

The company revealed that the system allows all the interested parties to hold copies of a given document and ensure that they are each viewing an authentic copy at any given time, thus eliminating the possibility of the document being altered after the pen-signature was applied on it.

Lenovo’s use of the blockchain is not the first experiment. Last year, IBM commenced working with the company on the blockchain-based invoice system. The report of that time suggested that the arrangement was intended to make the billing and operational data processes more transparent and easily traceable.

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CITI Group Buys Stakes In Blockchain Startup SETL

SETL announced recently that the financial services group CITI group has acquired a stake in the startup company. The move, which was announced recently, comes after the Credit Agricole from France was made a minority shareholder in the company. Other investors in SETL include Deloitte, Computershare, and S2iEM bank.

SETL, which has its headquarters in the UK focuses on the institutional payment and settlement infrastructure services that use the blockchain technology. In addition to the number of shareholders, the company has also appointed the Group CEO of Computershare who will join the board of directors for the company.

SETL was launched in 2015 as a multi-currency institutional payment and settlement facility that utilizes blockchain technology. The company’s system allows the participants to transfer cash and other currency assets between one another, thus facilitating the instant and final settlement of transactions on the market. The system is an authorized distributed ledger of ownership and transaction records that simplifies the process of matching, settling, registration, and reporting of transactions.

David Walker SETL’s chairman welcomed Mr. Stuart Irving the group CEO of ComputerShare to the board who brings a span of experience in the IT, financial, and regulatory spheres. Irving’s contribution to the company is significant especially to the management team, shareholders as well as stakeholders.

According to Irving, the future of the building systems that enhance ownership depends on the SETL system that has become a significant competitive differentiator. Peter Randall CEO of SETL commented that the new appointments will strengthen the company’s shareholder register for both the existing and incoming partners to expand the revenue generating projects.

SETL has successfully deployed a wide range of environments that are capable of processing more than 80,000 transactions per second across the world, and global distribution networks of more than 100 million concurrent accounts. The recent addition of shareholders shows how the technological capability of SETL is already receiving positive indications of interest in the system.

The company has also continued to develop the market infrastructures such as IZNES that has over 20 greatest European Fund managers and could soon become the largest global blockchain in the region and worldwide.

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