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Quantstamp Wins First Place at Smart Dubai Global Blockchain Challenge

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Quantstamp, a Y Combinator-backed blockchain security company, won first place at the Smart Dubai Global Blockchain Challenge 2019. Organized by Smart Dubai and Dubai Future Accelerators, the Smart Dubai Global Blockchain Challenge is part of the government’s Blockchain Strategy 2020, where blockchain will be used to enhance the quality of life of its citizens.

Smart Dubai is a government office running seven key initiatives in order to make Dubai “…the happiest city on earth through technology innovation.” One of these initiatives is the Dubai Blockchain Strategy, which aims to cement Dubai’sreputation as a global leader in technology innovation and the smart economy. The Dubai Blockchain Strategy also aims to make Dubai the first blockchain-powered city by 2020 and the global capital of blockchain technology.

The core goals of the Dubai Blockchain Strategy include:

  • Increasing government efficiency by using blockchain in 100% of applicable government services,
  • Creating an active and enabling blockchain ecosystem for startups and businesses, and
  • Leading the strategic thinking on the global progress of blockchain technology.

The United Arab Emirates, the national government, also has an aggressive blockchain strategy. By 2021, the UAE aims to record over 50% of government transactions using blockchain technology.

“The United Arab Emirates and the city of Dubai are pioneering the use of blockchain technology to make concrete improvements in the lives of their citizens,” said Richard Ma, CEO of Quantstamp. “Now that Quantstamp has won the Smart Dubai Blockchain Challenge, we will actively engage with our new network in the UAE in an effort to ensure that Quantstamp plays an active role in the implementation and security of their blockchain strategy.”

As one of 20 shortlisted startups, Quantstamp flew to Dubai to pitch its blockchain solutions at the Future Blockchain Summit. In the process, Quantstamp met with investors, networked with government officials, and connected with potential customers.

In his presentation, Quantstamp Head of Business Don Ho discussed why Quantstamp is essential for the mainstream adoption of smart contracts and blockchain technology. Smart contracts act as the back end code of blockchain technology that power most blockchain applications.

Don Ho explained that, although smart contracts experienced exponential growth over the last two years, smart contract security still needs to be addressed. Over the same two year time period, over $350 million USD worth of cryptocurrency was either lost or stolen due to security vulnerabilities in smart contracts. If blockchain security is not addressed, economies will be unable to realize the potential growth enabled by blockchain technology.

Don Ho then described how Quantstamp aims to facilitate the proliferation of blockchain technology by developing tools and services that protect smart contracts throughout their entire lifecycle. Before smart contracts are published, Quantstamp offers full service white glove audits. Leading crypto-native companies like OmiseGO, Chainlink and Sharespost trust Quantstamp to address their security needs.

Quantstamp also offers tools and services that enhance smart contract security post-deployment. Quantstamp’s monitoring tools detect irregular activity and malicious attacks on live smart contracts. Quantstamp is also developing the Assurance Protocol that allows security experts to assure the correct behavior of live smart contracts.

 

SOURCE Quantstamp

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SEC Small Business Advocate to Host Virtual Coffee Breaks Discussing Small Business Capital Raising

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Washington, D.C.–(Newsfile Corp. – March 31, 2020) – The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation is hosting a series of virtual coffee breaks to engage with the public to discuss updates, trends, and perspectives on how COVID-19 is impacting raising capital.

“Recognizing the increased focus on digital engagement as we take COVID-19 precautions, our office looks forward to using technology tools to reach thought leaders across the country to continue our mission of amplifying the voices of small businesses and their investors, from start-up to small cap and from coast-to-coast,” said Director Martha Miller.

Each virtual coffee break will spotlight what’s happening in a particular area of the market, incorporating feedback from entrepreneurs, investors, and other market participants. The office will host its first virtual coffee break on April 3 at 11 a.m. ET to discuss updates in online investment capital raising, a timely topic as many businesses and investors are considering new strategies to bridge networks.

Instructions on how to participate in these virtual events are available on the office’s virtual coffee breaks event page.  Businesses and investors are also encouraged to reach out to the office online at www.sec.gov/oasb, via email at smallbusiness@sec.gov, or by phone at 202-551-5407 for support with their capital raising needs.

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Cypherpunk Holdings Inc. Announces Resignation of CEO Due to Family Illness

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Toronto, Ontario–(Newsfile Corp. – March 31, 2020) – Cypherpunk Holdings Inc. (CSE: HODL) (“Cypherpunk” or the “Company“) announces that CEO Dominic Frisby is resigning from the company due to family illness.

“It is with great regret that I have to stand down from Cypherpunk Holdings, so early in our company’s evolution. I see such enormous potential both with the company and privacy technology more generally. However, some extremely difficult circumstances have arisen at home that have forced my hand, and I am unable to carry on. I have enjoyed my time as director and CEO enormously, and I would like to thank the board for having given me this opportunity. I am sorry my departure is so sudden.”

With the Covid-19 crisis ongoing, the board has decided it would be inappropriate to appoint a new CEO at present. Instead the focus will be on reducing costs and preserving capital. For the time being, a committee comprised of several directors of the board will run the day-to-day business of the company until a new CEO is appointed.

Cypherpunk Holdings Inc. is a vehicle set up to invest in companies, technologies and protocols, which enhance or protect privacy. Its strategy is to make targeted investments in businesses and assets with strong privacy, often within the blockchain ecosystem, including select cryptocurrencies. Cypherpunk’s common shares trade on the Canadian Securities Exchange under the symbol “HODL”.

More details, and the latest company presentation, can be found at the company website: https://cypherpunkholdings.com/

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 making investments in the blockchain and other sectors and enhancing value. There is no assurance that the Company’s plans or objectives 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 and 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. 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 law. Investors are cautioned against attributing undue certainty to forward-looking statements.

Investor Relations Contact:
Marc Henderson
Director
Cypherpunk Holdings Inc.,
Office: 416.599.8547

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53997

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Bond Resources Closes Tranche 1 of Non-brokered Private Placement

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Vancouver, British Columbia–(Newsfile Corp. – March 31, 2020) – BOND RESOURCES INC. (CSE: BJB) (the “Company” or “Bond”) announces that, further to its news releases of November 15, 2019 and February 4, 2020, it has closed Tranche 1 of its non-brokered private placement (the “Financing”), raising $1,618,210 in gross proceeds through the issuance of 8,091,050 units (the “Units”) at a price of $0.20 per Unit. The Financing is being undertaken in conjunction with the Company’s proposed acquisition of an interest in the Mary K Property, in Idaho.

Each Unit is comprised of one common share and one-half of one common share purchase warrant (a “Warrant”), with each whole Warrant entitling the holder to purchase one common share (a “Share”) of the Company at a price of $0.40 per Share for a period of two years following the closing date, subject to an accelerated expiry if the closing price of the Shares is equal to or greater than $0.60 per Share for 20 consecutive trading days at any time following four months after the date of closing.

The structure of the transaction to acquire the Mary K Property has changed to reflect that new agreements with the property owners have been put in place. Bond will now be acquiring all of the shares of a private Canadian company, which wholly owns a US subsidiary, which in turn holds the contractual rights to acquire the Mary K Property. The overall cost to acquire the Mary K Property remains the same; however some of those costs have already been paid by the target company. As a result, the number of shares to be issued to acquire the target has increased to 66,000,000 shares.

The Company intends to use the proceeds from the Financing toward making initial payments to the underlying property owners ($507,600), initiating the recommended work program on the property ($850,000), and costs associated with closing the transaction.

Aggregate compensation of $85,128.00 and 212,820 finders’ warrants (having the same general terms as the Warrants) was paid by the Company to Mackie Research Capital Corporation as a finders’ fee for the portion of the Tranche 1 closing of the Financing attributable to their efforts.

All securities issued in connection with the Financing are subject to a hold period of four months and one day in accordance with the rules and policies of the Canadian Securities Exchange and applicable Canadian securities laws. The Company has 13,941,050 common shares issued and outstanding following the completion of the Financing.

The Company has received a technical report on the Mark K Property, which it has filed with the CSE as part of its application for approval of the proposed transaction. A copy will be posted on SEDAR upon closing.

Other

The Transaction was negotiated at arm’s length. The Transaction constitutes a fundamental transaction under the policies of the Canadian Securities Exchange (the “CSE”) including a change of control, and as such, it will require approval of the Exchange and a majority of the minority shareholders of Bond. It is expected trading of Bond’s common shares on the CSE will remain halted pending closing of the Transaction.

Further details will follow in subsequent news releases and the Listing Statement to be filed with the CSE.

ON BEHALF OF THE BOARD

Signed “Robert Eadie”
Robert Eadie, Lead Director

FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
Contact: Robert Eadie

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

This news release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the ability to close the Transaction; the terms and conditions of the proposed Transaction; the terms and conditions of the proposed Financing; future work to be carried on the Property; use of funds; and the business and operations of Bond after the proposed Transaction. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There is no assurance any of the forward-looking statements will be completed as described herein, or at all. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; operating and technical difficulties in connection with mineral exploration and development activities, lack of investor interest in the Financing; requirements for additional capital; future prices of gold and precious metals; changes in general economic conditions; accidents, delays or the failure to receive board, shareholder or regulatory approvals, including the required permits; results of current exploration and testing; changes in laws, regulations and policies affecting mining operations; and title disputes. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Bond Resources disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/53987

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