Global Cryptocurrency Markets Improve in February as Bitcoin Rises Again - Seite 2

Finzat Block LLC: A Blockchain Solution for the US Mortgage Industry 

Block One has acquired 40% of Finzat Block LLC ("Finzat"), a New York based mortgage blockchain company aiming to streamline and digitize the US mortgage market using innovative blockchain applications to create a system which is Simple, Auditable, Fault-tolerant and Efficient (SAFE).

Finzat has named Michael W. Moore as the company's Chairman. Mr. Moore is a recognized leader in mortgage finance and investment and risk management. During his 15 years as the senior-most financial executive with the Chicago Federal Home Loan Bank, he was the co-developer of Mortgage Partnership Finance (MPF), a mortgage origination platform whereby Federal Home Loan Bank ("FHLB") members participate in a unique risk sharing arrangement with their respective FHLB optimizing benefits for both parties. Mr. Moore, in this new role as Executive Chairman, is spearheading Finzat's Government Sponsored Enterprise (GSE) product development dialogue, which is a natural progression in validating Finzat's token use case.

CUIPO: A Social Initiative for Rainforest Preservation 

Block One acquired up to 40% of OMAAT LTD. dba CUIPO, a London UK based technology business harnessing the power of blockchain to digitize and democratize the purchase and preservation of natural land assets. CUIPO specializes in developing technologies and infrastructure to save and protect endangered lands by the gamification of online conservation efforts, achieved by using a patented virtual grid system and tokenization method, one square meter at a time. CUIPO's revenue streams will be: product licensing, educational gift card products, global event and festival sponsorship opportunities and creation and management of (CSR) Corporate Social Responsibility services for medium to large enterprises.    

In other industry news and developments:

Global Blockchain Technologies Corp. (TSX-V: BLOC.V) (OTC: BLKCF) recently announced its $2 million investment in the private token offering of MEvU, a product of Decent Tech Inc. ("MEvU"). The sports betting market's magnitude is astonishing. By the American Gaming Association's estimation, approximately US $400 billion are wagered on sports bets every year. To put that figure into perspective, that is more than the entire 2017 national GDP of the United Arab Emirates, or more than a quarter of Australia's. One element that makes this area possibly unattractive to investors is the fact that 99% of this wagering volume is done illegally. With regulatory and accountability concerns, sports betting has long been off-limits for cautious investors. With its blockchain-based wagering platform, MEvU introduces a self-regulating way for users to place bets against other users; instead of a "house"-type opponent such as a casino or a bookmaker.