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DMG Blockchain Technologies TSX.V:DMGI

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  • rick
    replied
    DMG BLOCKCHAIN EXPANDS CRYPTOCURRENCY FORENSICS & ANALYTICS SERVICES TO INTERNATIONAL CUSTOMERS

    DMG Blockchain Solutions Inc.'s blockchain forensics and analytics group is expanding internationally with contracts from several new international auditing and consulting firms.

    DMG's blockchain forensics and analytics group uses sophisticated artificial intelligence (AI) and machine learning (ML) technology to help customers monitor cryptocurrency exchanges and payment platforms, and to examine the flow of cryptocurrency through the blockchain in order to establish the provenance and destination of cryptowallet funds. DMG provides analytics support for the bitcoin and Ethereum blockchains (including ERC20 tokens and initial coin offerings), and over the course of the next year DMG plans to support analytics for Litecoin, Bitcoin Cash, Ripple and Stellar as well.

    "We are currently working in China, Panama, Japan and other international markets assisting clients with potentially non-compliant transactions. DMG is also consulting directly with regulators on [know your client] and [anti-money laundering] standards and detection," said Simon Padgett, director of forensic services at DMG Blockchain Solutions. "This is a very time-sensitive business and we have the tools for real-time analytics. For example, we were recently appointed by MNP, a major auditing firm, to assist with an urgent blockchain audit verification requirement on a very tight deadline."

    As part of its forensic work, DMG also develops international training sessions to sensitize executives, auditors and compliance employees at banking, accounting and auditing firms about fraud and non-compliance risk in cryptocurrency exchanges as well as how to audit blockchain systems and their transactions.

    "Our blockchain forensics and analytics group is already trusted by major law enforcement and U.S. federal government agencies. Now, our technology and services are being recognized by top international auditing firms," said Dan Reitzik, chief executive officer of DMG Blockchain Solutions. "We believe deeply in the economic value of blockchain technology, and we are proud to be bringing a new level of trust and risk management to help the ecosystem mature."

    About DMG Blockchain Solutions Inc.

    DMG Blockchain Solutions is a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG intends to be the global leader in bitcoin mine hosting -- mining as a service (MaaS), bitcoin mining, blockchain forensics/analytics and blockchain platform development.

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  • rick
    replied
    Bank of Canada, TMX say blockchain feasible for securities settlement

    https://www.reuters.com/article/us-c...-idUSKBN1IC18G

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  • rick
    replied
    When it first started to trade I said it was expensive wait it should correct to a better price. I was thinking .50 but jeez it's getting hammered. No idea why.

    rick

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  • icebreaka
    replied
    I wonder if that's helping drive down the price. It's been on a real slide for the past couple weeks. To jump in with some more shares now or is this one tanking?

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  • rick
    replied
    Unbelieveable...

    Bitcoin Nearly as Bad as ‘Trading Harvested Baby Brains’, Says Berkshire VC Munger

    https://www.ccn.com/bitcoin-nearly-a...ire-vc-munger/

    Hard to call a multi billionaire a fool but this is over the top.

    rick

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  • icebreaka
    replied
    This stock has been sliding lately despite strong interest in crypto currencies. I've been a bit surprised. This is another good press release from these guys so I'm tempted to buy more while it's lower.

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  • rick
    replied
    DMG BLOCKCHAIN SOLUTIONS LAUNCHES BITSCORE AML RISK API FOR CRYPTO EXCHANGES AND PAYMENT PLATFORMS

    DMG Blockchain Solutions Inc. has officially launched its BitScore cryptocurrency deposit and withdrawal risk-scoring Web API for anti-money laundering (AML) and anti-fraud compliance.

    The BitScore cloud-based API risk-scoring technology is used by crypto exchanges and enterprise payment platforms to quantify and manage their risk of legal non-compliance. The API, which was engineered by DMG's Blockseer development team, is powered by sophisticated artificial intelligence (AI) and machine learning models that examine the flow of cryptocurrency through the blockchain in order to establish the provenance of funds in any crypto wallet.

    Customers can submit a cryptocurrency source or destination address to the BitScore API, and the algorithm returns a risk score evaluating the source of funds sent to that address, or if that address has sent funds to other high-risk parties such as known hacks, dark markets or money laundering services.

    The BitScore algorithm looks at several generations of transactions -- or hops -- in both directions, and then applies a weighting function that captures the proportion of questionable cryptocurrency flowing through the transactions. BitScore currently supports Bitcoin and will add support for Ethereum and ERC20 tokens this summer, and Litecoin and Bitcoin Cash in fall 2018.

    "Understanding the provenance of source and destination addresses is imperative for any exchange or payment platform sensitive to regulatory compliance," said Danny Yang, chief technology officer of DMG Blockchain Solutions. "Allowing an address that accepts deposits from, or makes payments or deposits to, disreputable networks is potentially abetting their activity, which creates legal liability for banks, exchanges and traders."

    The company also announces it has appointed Diana Mark as corporate secretary and has moved its registered and records office to its head office at 490, 1090 Homer St., Vancouver, B.C., V6B 2W9.

    About DMG Blockchain Solutions Inc.

    DMG Blockchain Solutions is a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG intends to be the global leader in bitcoin mine hosting -- mining as a service (MaaS), bitcoin mining, blockchain forensics/analytics and blockchain platform development.

    We seek Safe Harbor.

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  • rick
    replied
    BLACKCHAIN SOLUTIONS INC. SIGNS LOI WITH DMG BLOCKCHAIN SOLUTIONS INC. TO BRING P2P LENDING TO THE CRYPTOCURRENCY MARKET

    Blackchain Solutions Inc. has signed a letter of intent with DMG Blockchain Solutions Inc. to license DMG's Prometheus technology for deployment as part of Blackchain's P2P lending platform. Under the proposed licence, Blackchain will retain exclusive rights for use of the technology for P2P lending. DMG will be entitled to a royalty on commercial revenues generated by Blackchain using the technology. The parties intend to negotiate and finalize a definitive agreement by May 15, 2018.

    Prometheus is one of the first browser-based blockchain technologies developed by a Silicon Valley-based leader in blockchain and artificial intelligence - Blockseer. Blockseer, which has expertise from Harvard and Stanford, was recently acquired by DMG early in 2018.

    The platform allows users to seamlessly connect on the blockchain via a traditional web browser, such as Chrome and Firefox. This drastically reduces the barriers to entry for blockchain participation. Daniel Reitzik, CEO and Director of DMG commented that, "We are extremely pleased to be partnering with Blackchain on their first commercial venture. Prometheus represents the next generation in blockchain technology, whose simplified, browser-based platform is opening up whole new markets in the cryptocurrency space. We hope that this LOI will be just the beginning in a growing relationship between DMG and Blackchain."

    Integrated with Blackchain's P2P Lending Platform, Prometheus opens the door to cryptocurrency asset lending for individuals, without the need of traditional banks. This opens up both sides of the trillion USD credit debt market to individual users. Blackchain's P2P Crypto-Lending Platform also provides users with the opportunity to leverage their existing cryptocurrency holdings to turning a static, speculative holding into a yield-bearing investment.

    Zayn Kalyan, Blackchain's Chief Technology Officer commented on this agreement: "DMG and Blockseer have developed a truly next-generation blockchain platform with Prometheus. As the crypto space matures, evolutionary approaches to system design will be the foundation for growth. Prometheus will enable Blackchain to deliver a cutting-edge product in our P2P Lending Platform. We look forward to working with DMG on other projects in the future."

    About Blackchain Solutions Inc. (CSE: BIS) ( " Blackchain " )

    Blackchain Solutions Inc. is a financial analytics and risk management company that is leveraging blockchain technology to transform lending for the rapidly emerging cryptocurrency economy. Building on an industry-proven credit-risk database and software platform, Blackchain provides the tools and services to bring cryptocurrency lenders and borrowers together, with confidence.

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  • rick
    replied
    DMG BLOCKCHAIN WELCOMES LITECOIN CREATOR CHARLIE LEE TO ITS ADVISORY BOARD, AS THE COMPANY PREPARES TO ADD LITECOIN MINING TO ITS MAAS OFFERING

    Charlie Lee, inventor of Litecoin and former director of engineering at Coinbase, has joined DMG Blockchain Solutions Inc.'s advisory board as the company prepares to add Litecoin (LTC) mining as part of its mining-as-a-service (MaaS) operations, as well as apply the Lightning protocol for cross-chain atomic swaps between blockchains such as Bitcoin and Litecoin.

    Mr. Lee is a celebrity figure in the cryptocurrency world, having created Litecoin just two years after the first Bitcoin appeared. LTC has remained one of the top-valued cryptocurrencies. Mr. Lee's Litecoin hashing protocol uses a different algorithm from Bitcoin and was designed to reduce blockchain transaction time by almost 75 per cent, which potentially makes Litecoin better suited for higher-volume transaction applications like retail shopping and on-line payments. Mr. Lee graduated from MIT with a computer science degree and developed Litecoin while working at Google as a software engineer. He left Google in 2013 to become one of the first hires at Coinbase, and in 2017, Mr. Lee stepped down from his position at Coinbase to work full-time on LTC as managing director of the Litecoin Foundation.

    "Next to bitcoin, our global mining-as-a-service (MaaS) customers are requesting Litecoin mining services. Thus, as we prepare to expand our unique MaaS offering beyond Bitcoin, we are fortunate to have Charlie Lee as both a shareholder and an adviser," said Dan Reitzik, chief executive officer of DMG Blockchain Solutions. "As for Charlie, every employee in DMG Blockchain Solutions knows him by reputation, if not personally, and we are all excited to have his industry knowledge and his personal attention on DMG's strategy and development going forward."

    "I am delighted to see DMG's interest in supporting LTC," said Mr. Lee. "I'm looking forward to advising both DMG's industrial mining and engineering teams as the company expands into the LTC ecosystem."

    About DMG Blockchain Solutions Inc.

    DMG Blockchain Solutions is a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG, along with its Blockseer division located in Silicon Valley, intends to be the global leader in industrial scale crypto mine hosting -- mining as a service (MaaS), crypto mining, blockchain forensics/analytics and blockchain platform development.

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  • rick
    replied
    DMG BLOCKCHAIN SOLUTIONS CONTRIBUTES TO OPEN-SOURCE LIGHTNING PROTOCOL TO SPEED BLOCKCHAIN TRANSACTIONS

    DMG Blockchain Solutions Inc. is contributing core code to a protocol known as Lightning, which can increase blockchain transaction throughput and make the bitcoin network more scalable.

    The Lightning protocol is a cross-industry effort backed by technology industry innovators including Jack Dorsey of Twitter and Square, Charlie Lee of Litecoin, and academics at MIT (Massachusetts Institute of Technology). The core functionality that DMG is developing for Lightning is called atomic cross-chain swaps, which will allow bitcoin-related businesses to speed blockchain processes such as real-time payouts, payments in different currencies, faster and cheaper trading transactions, and diversification of coin holdings, as well as enable other efficiencies. DMG software developer and Lightning contributor Alex Bosworth is leading this effort. Mr. Bosworth tweeted: "Continuing my work with swapping on Lightning. A user-friendly visual swapping tool is in progress. Soon you will be able to swap or offer swaps with anyone." DMG's early embrace of Lightning provides further differentiation of its innovative approach to developing its blockchain platforms business. Danny Yang, DMG's chief technology officer, summarized the significance of this development: "DMG, along with others in the bitcoin community, is adding its technical resources and time to build the basis for a more scalable version of the bitcoin network. As both coin mining and blockchain technology have gained traction even among large businesses, we see more payments and commercial transactions happening over cryptocurrency networks. We all stand to gain by making bitcoin-based transactions more affordable and accessible."

    About DMG Blockchain Solutions Inc.

    DMG Blockchain is a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG intends to be the global leader in bitcoin mining hosting -- mining as a service (MaaS), bitcoin mining, blockchain forensics/analytics and blockchain platform development.

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  • rick
    replied
    How Blockchain Technology is Changing the World

    http://www.thedailybell.com/news-ana...ing-the-world/

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  • rick
    replied
    DMG Blockchain Solutions and Primary Engineering Complete Phase 1 Crypto Power Study

    VANCOUVER, British Columbia, March 15, 2018 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-VMGI) (“DMG” or the “Company”), a diversified blockchain and cryptocurrency company and Primary Engineering and Construction (“Primary”), an Electrical Engineering and Construction firm, today announced their joint initiative to study and improve power quality for crypto mining.

    The goal of this collaboration is to analyze electrical characteristics and requirements for large scale crypto mining operations. Company COO Sheldon Bennett commented, “Recently we announced a best-in-class partnership with D-Link for switching and routing for our crypto mining operations and this week we announce a best-in-class partnership with Primary for infrastructure and power management. This Phase 1 report will translate into significant savings for DMG in power infrastructure costs, as our power providers will have a better understanding of our needs. Essentially, it will make it easier for the utilities’ industry to work with us which is yet another market leading initiative.”

    Phase 1 of the study has been completed

    The results of Phase 1 served as key inputs for the system impact study conducted by the local grid operator. Anthony Bowers, Specialist Engineer - Primary, commented, “As crypto mining facilities are new to utility companies, using regular industrial load assumptions can have significant implications; it’s great to see DMG has set out to ensure the right data was made available to ensure a smooth interconnection process.” DMG has agreed to allow Primary to use the results of the studies as the basis for Primary’s upcoming submission to the Institute of Electrical and Electronics Engineers (IEEE) for consideration at an upcoming conference.

    Phase 2 of the study is underway

    Phase 2 of the study will expand the sample size from the original test system to a larger production system. This allows greater focus on optimizing the actual power system design for crypto mining, including measuring the larger scale system (multi-megawatt) energy consumption, peak kilowatt demand, power factor and system harmonics. The effect of harmonics is relatively unknown in the crypto mining community. As such harmonics are of particular interest to DMG as they can interfere with the continuous operation of the crypto mining units.

    Sheldon Bennett, COO of DMG, commented, “This partnership with Primary and their ability to quickly understand our power needs would have been advantageous when I was building my first 58 megawatts in Alberta; however with Primary’s insight DMG’s current facility (designed for up to 85 megawatts) will benefit from this information as well as the upcoming plans for DMG’s next build-outs, which are in the 100s of megawatts.”

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  • rick
    replied
    Co-founder of HIVE...
    Genesis Mining Hit with Cease and Desist, U.S. Regulator Says Mining Contracts are Securities


    https://discover.coinsquare.io/gover...-cease-desist/

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  • rick
    replied
    I've never seen so much negativity coming from so many different places.

    Everyone, from gold sites to Bloomberg, seemingly has an axe to grind and the baby is getting thrown out with the bathwater.

    DMG is suffering but imo is the best deal out there for exposure. It'll settle in at some point and become a buy.

    rick

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  • felaxio
    replied
    Anything with blockchain or cryptocurrency is sure having a tough go of it these days. I'm reminded of the last resource boon when companies could find easy finance money and did so in groves. However it ended up undermining the whole sector. There were soooo many warrants and free trading shares that came to the market, many of them underwater from the hold period that the whole sector seemed stuck in a quagmire of endless shares for sale for seemingly years.

    This tech segment has done an awful lot of money placement the last year or less. Now these shares are all coming to the market and there doesn't seem to be an appetite for them at the moment. Fertile ground indeed for shorters. I had some shares and finally sold them. Couldn't gain any traction. Great stories. Will watch from the sidelines for a bit until the sentiment starts to turn.

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