Blockchain's Revolutionary Potential
Goes Well
Beyond Just
Bitcoin Cryptocurrency
MarketNewsUpdates.com News Commentary
Palm Beach, FL
(January 4, 2018) -- A growing number of publicly
traded companies are making big moves to join the
cryptocurrency
and
blockchain
technology
frenzy. A few companies are even putting current business
operations on the back burner while reorganizing to take advantage
of emerging opportunities in the most disruptive, hottest sector to
pop up in some time. This
rapidly growing phenomenon signals
opportunity and for some, a risk for capital seeking
exposure to blockchain's
volatile shift
into the mainstream across a growing list of industries. Technology
moves so rapidly that new approaches or ideas can emerge and fade
within short timescales. Blockchain
could disrupt
whole industries, by changing how trading is carried out and how
transactions are processed and cleared and is being hailed as one
of the most revolutionary and disruptive technological advances of
today. Active Companies in the markets this week
include: Mansfield-Martin Exploration
Mining, Inc. (OTC:
MCPI), Long Blockchain
Corp. (NASDAQ:
LTEA), Glance Technologies Inc.
(CSE:
GET) (OTC:
GLNNF), MGT Capital Investments, Inc.
(OTC:
MGTI), Overstock.com, Inc. (NASDAQ:
OSTK).
Mansfield-Martin Exploration Mining, Inc.
(OTC:
MCPI) announced today that it has expanded its preliminary
arrangement with Qu Ltd. Mansfield-Martin
previously agreed to provide up to 5 million oz. silver
dore
to
Qu, Ltd. to support the
Silverback ICO. Joint Venture owners in the Mine Run Program will
now have the option of taking returns in Silverbacks,
Qu
Ltd.'s
current ICO, as
well as dore or US currency.
The Silverback
is a cooperative decentralized crypto coin running on the
Ethereum
block
chain. Qu Ltd. will offer 5,000,000
coins, each backed by 1 oz. of .999
silver.
Pricing for Silverbacks will be exclusively in Ether, and set at a
sliding discount to spot silver pricing: 50% over the first 10
days; 25% over the second 10 days; 10 % over the third 10 days; and
5% over the fourth 10 days. The ICO has a term of 60 days;
thereafter, Silverbacks will be priced by traditional
auction/bid-ask methods. If less than 75% of the Silverbacks are
purchased, all funds will be returned to subscribers.
Read this and more news for
Mansfield-Martin Exploration at:
http://www.marketnewsupdates.com/news/mcpi.html
Mansfield-Martin's Mine Run
Program covers processing of approximately 165,000 tons of
previously mined and unprocessed materials on four historic mine
sites in the Tombstone Mining District. Preliminary estimates are
for upwards of $55 million in silver, gold and other metals to be
produced from these deposits. The company anticipates delivery of
its portion of the silver production to Qu, Ltd. in accordance with the
parties' streaming agreement, with a portion of the payment in
Silverbacks. The other parties in the joint venture can now elect
the same crypto-currency payment option.
In other industry developments
from around the markets:
Long Blockchain
Corp. (NASDAQ:
LTEA) yesterday announced the appointment of
Shamyl
Malik, Global Head of Trading at
Voltaire Capital, and Som Ghosh, a technology entrepreneur
with experience in blockchain
technology, to
its Board of Directors (the "Board"). These appointments are
nominees of the lender in the Company's recently announced
convertible debt facility and are consistent with the Company's
previously announced plan to shift its primary corporate focus
towards blockchain
technology. Both
Mr. Malik and Mr. Ghosh are deemed to be independent
directors under the Nasdaq listing rules. Philip Thomas,
Chief Executive Officer of the Company, commented, "We are thrilled
to have Shamyl and Som join the Board during this
exciting period of growth and evolution. They bring a wealth of
experience and knowledge in the financial technology sector, and we
are confident that they will help to shape the future of the
Company as it pivots into blockchain
technology."
Glance Technologies Inc. (CSE:
GET.CN) (OTCQB: GLNNF) has reached another milestone: Since
Glance launched the current version of its proprietary
fraud-prevention technology more than one year ago, its platform
has experienced zero fraud across all of its live locations and all
Glance Pay Anywhere remote payments. Glance intends to apply
elements of its fraud-prevention technology to its upcoming rewards
and loyalty-based cryptocurrency
platform. "We
firmly believe that both traditional and cryptocurrency
payments will
largely be done via mobile devices," said Glance chief executive
officer Desmond Griffin. "Payment fraud is a significant problem
for anyone accepting payments and we believe it is currently a
barrier to the adoption of cryptocurrencies.
Thus we believe that platforms which can reduce or eliminate fraud
will be best positioned to succeed in the long run."
UAHC Ventures,
LLC, a wholly-owned subsidiary of United American Healthcare
Corporation, executed a Settlement Agreement on December 7, 2017 by
and between UAHC Ventures and MGT Capital
Investments, Inc. (OTCQB:
MGTI) to resolve certain disputes that arose between UAHC
Ventures and MGTI related to that certain Secured Convertible
Promissory Note dated August 18, 2017 issued by MGTI to UAHC
Ventures in the original principal amount of $2,410,000.00 and that
certain Warrant to Purchase Shares of Common Stock purchased from
MGTI by UAHC Ventures pursuant to that certain Securities Purchase
Agreement dated August 18, 2017. Read the
entire announcement here. With facilities in WA state
and Sweden, MGT Capital Investments, Inc. ranks as one of the
largest global Bitcoin miners. Further, the Company
continues to exercise a disciplined expansion strategy to grow its
crypto assets materially.
Overstock.com, Inc. (NASDAQ:
OSTK) closed up over 10% on Wednesday trading over 4.4 Million
shares by the market close and was further up over 2% in afterhours
trading. Blockchain
leader
Bitt
recently launched
its new mMoney digital payment product in
Barbados. The Barbados Entrepreneurship Foundation (BEF) and
several of its strategic partners participated in the soft launch,
which marked the region's first "digital dollar only" event.
Overstock.com's
(OSTK)
blockchain
investment
vehicle Medici Ventures owns stock and options on 34.8 percent
of Bitt. Under the
mMoney
brand,
Bitt
is bringing to
market a blockchain-based mobile wallet that
allows users to participate in digital transactions on their
smartphones
from a secure
account. The accounts will be 100 percent backed by segregated
funds in appropriate currencies in Bitt's custody. "mMoney is mobile money.
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