Sudden Push for Improved Blockchain Technology Jumps to the Forefront - Seite 2

The Company believes that the net proceeds from the Offering, together with its existing cash on hand, revenues from investments and unrealized gains on investments, position it well to continue to expand its investment portfolio. To this end, the Company intends to use the net proceeds from the offering to fund its ongoing investment strategy with a focus in the blockchain space. Read this and more news for Block One Capital at:  http://www.marketnewsupdates.com/news/blok.html  

In other industry news and developments:

HashChain Technology Inc. (TSX-V: KASH.V) (OTCQB:HSSHF) announced this week that the Company has entered into a binding letter agreement (the "Binding Agreement") to acquire 100% of the outstanding shares of a company ("Target") in consideration for the issuance of 55 million HashChain shares at a deemed price of $0.35 per share (the "HashChain Shares") equivalent to $19.25 million. The Company expects the additional 5,000 rigs will be fully operational by the end of June 2018 . This will be added to the 4,870 rigs that HashChain has already purchased and committed pending its recent announcement of the acquisition of a company with 1,000 Rigs, bringing total rigs to 9,870, which is the equivalent of approximately 15 megawatts.

Global Blockchain Technologies Corp (CSE:BLOC.CN) (OTC:BLKCF) recently announced that it has added fintech pioneer, Richard Schaeffer, to its advisory board. As Chairman of NYMEX, Mr. Schaeffer was responsible for the company's transition to electronic trading. In doing so, he played a significant role in moving the financial industry online. It was during his tenure that NYMEX had its IPO and listing on the NYSE, which was the most successful public offering of its time. Previously he also served on the boards of Sacred Heart University and the University of Maryland's School of Business. Mr. Schaeffer currently serves as Chairman of the Board for the eco-friendly chain of food trucks in New York called Neapolitan Express Pizza, and he is an investor in several private companies in commodities and technology.

JGR Capital, an independent equity research firm, announced last week it has initiated coverage on Net Element, Inc. (NASDAQ: NETE), a global financial technology and value-added solutions group that supports electronic payments acceptance in a multi-channel environment spanning across point-of-sale (POS), e-commerce and mobile devices. Net Element enables merchants to accept payments in the retail, e-commerce, mobile and smart payments industry. The company's products and services include a multi-channel payment processing platform that provides consumers with a streamlined and integrated mobile commerce experience, cloud-based solutions, marketing solutions, business analytics, and more.