EU Mulls Regulations for The Initial Coin Offerings Space – Over the last two years, there have been reports of Initial Coin Offering exit scams that have gone dark with total investments in the region of $96.8 million. According to Diar, a blockchain intelligence firm, the Initial Coin Offerings space has become very lucrative as wealthy investors rush to snap up deals. However, scammers have discovered the possibility of cheating out fortunes in the space, a phenomenon which the European Union seeks to remedy. As reported by Coindesk, a Member of the European Parliament “wrote a draft report on proposed regulations for Europe’s crowdfunding platform…” This framework provides an opportunity for the relevant authorities in Europe to regulate token sales. Read more: https://marketexclusive.com/eu-mulls-regulations-for-the-initial-coin-offerings-space/2018/08/
Another Caribbean Central Bank Partners with Blockchain Startup to Explore Central Bank-Backed Crypto – Bitt Inc, a blockchain startup, has signed a Memorandum of Understanding with two central banks from Sint Maarten and Curaçao – Centrale Bank van Curaçao en Sint Maarten (CBCS). According to the MoU, the two entities will jointly explore the best ways of issuing digital currency ‘Curaçao and Sint Maarten guilder’. The new currency is expected to replace ‘Netherlands Antillean guilder’ which also enjoys the support of the CBCS. The move is geared at allowing payment using cryptocurrencies in the two countries. According to the announcement, the two parties will work towards having a central bank-backed cryptocurrency to serve the two countries. The two countries are looking at ways of reducing the use of money in the monetary union. Additionally, the agreement is meant to ensure secure and anti-money Laundering ways of making transactions. Read more: https://marketexclusive.com/another...o-explore-central-bank-backed-crypto/2018/08/
End of August approaching: https://motherboard.vice.com/en_us/...ding-their-own-electricity-infrastructure-dmg "“At the end of August we’ll go through a commissioning process where the utility will test everything as a completed substation and make sure that the town doesn’t blow up when we flip the switch,” Eliscu told me over the phone." "The goal: to plug it into the local grid and have it power DMG’s expanded mining operations by September."
Samsung SDS Seeks to Ease Bank-To-Bank Customer Transactions – Samsung has unveiled a blockchain-based platform that will allow people to easily make transactions at different banks. The conglomerate developed the solution through Samsung SDS Co., a subsidiary of Samsung. According to Samsung SDS, the platform is a partnership effort with several banks under Korea Federation of Banks. The blockchain solution aims at pioneering a system of “mobile payment between banking entities and users.” According to the statement released by Samsung SDS, the technology is not yet fully developed. However, there is already a wave of excitement in the technology and financial market. Read more: https://marketexclusive.com/samsung-sds-seeks-to-ease-bank-to-bank-customer-transactions/2018/08/
TRAXION Seeks to Connect Producers and Consumers in Mindanao with Blockchain – Blockchain may be coming to the Philippines thanks to TraXion. According to Davaotoday.com, a local news outlet in Mindanao, the company seeks to implement the technology by connecting large companies to micro-entrepreneurs. TraXion is a transaction management company that specialises in blockchain technology. The company hopes to enable the people of the island of Mindanao to receive their salary securely using electronic wallets. Ann Cuisia, TraXion CEO, believes the project will help lift the livelihood of residents to a new level.
California State Passes Law to Form a Blockchain Working Group – A bill that seeks to allow the formation of a blockchain working group has been debated by the California legislature. The California bill 2658 which was introduced earlier this year has since been passed by the State’s two houses. However, it awaits the approval of Governor Jerry Brown before it becomes law. He has 30 days to either approve the bill or veto it. According to the bill, blockchain is defined as “a mathematically secured, chronological, and decentralized ledger or database.” Although the definition is only temporary and will be used until January 2022 upon when it will expire.
This is from their recent Quarterly Report. Subsequent to June 30, 2018: 2,096,000 stock options were granted to employees and consultants of the Company with exercise prices ranging from $0.40 to $0.80 per common share. The Company successfully negotiated a secured line of credit of $2.7 million from a financial institution. The Company secured lease financing to finance part of the data center mining equipment.
DMG Provides Flagship Mining Facility Update By GlobeNewswire, September 27, 2018 https://www.nasdaq.com/press-release/dmg-provides-flagship-mining-facility-update-20180927-00747 Key Highlights: - DMG completes construction of DMG-owned substation - One of North America's largest industrial mining facilities ready for energization in mid-to-late October - DMG exercises option to purchase land and building
The new mining facility will be ready to go mid to end October. DMG Provides Flagship Mining Facility Update Key Highlights: DMG completes construction of DMG-owned substation One of North America’s largest industrial mining facilities ready for energization in mid-to-late October DMG exercises option to purchase land and building VANCOUVER, British Columbia, September 27, 2018 — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF:OTC US) (FRANKFURT:6AX) (“DMG”or the“Company”), a diversified blockchain and cryptocurrency company, provides an update of its new flagship mining facility in eastern British Columbia. DMG has completed construction of all essential components of its 85-megawatt substation. DMG began the process to commission its substation in mid-September. The commissioning is being orchestrated by DMG to meet the requirements of the regional utilities and power authorities. This process is expected to be completed mid-to-late October. As DMG’s COO, Sheldon Bennett, commented, “As soon as the commissioning process is completed, DMG is ready to energize.” DMG is now actively in discussions with existing and prospective industrial mining customers for its Mining-as-a-Service (MaaS) offering. At this new facility, DMG can host in excess of 30,000 units of industry-standard bitcoin miners. https://dmgblockchain.com/dmg-provides-flagship-mining-facility-update/
DMG Blockchain to Develop Blockchain Solutions for Global Supply Chain Management By GlobeNewswire, October 04, 2018, 02:21:00 PM EDT VANCOUVER, British Columbia, Oct. 04, 2018 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF:OTC US) (FRANKFURT:6AX) ("DMG" or the "Company"), a diversified blockchain and cryptocurrency company, announced today that it has entered into an agreement (the "Agreement") with IBM Canada Ltd. ("IBM") and selected IBM technology and services to jointly develop and deploy blockchain-based, global supply chain management solutions. These solutions will enable complete provenance, regulatory compliance, inventory management and on-time payment of products along the entire supply chain for regulated products such as pharmaceuticals. https://www.nasdaq.com/press-releas...global-supply-chain-management-20181004-00907
DMG Partners With IBM To Explore Blockchain For Managing Global Supply Chain Jesus Dawal Jr October 7, 2018 Big Blue signs a partnership through its Canadian arm, one day after the USPTO awarded another patent to it. https://news.ibinex.com/2018/10/07/...-blockchain-for-managing-global-supply-chain/
DMG Blockchain Announces Global Supply Chain Management Platform for Cannabis October 16, 2018 08:49 ET | Source: DMG Blockchain Solutions Inc. https://globenewswire.com/news-rele...y-Chain-Management-Platform-for-Cannabis.html
DMG Blockchain’s 85-Megawatt Crypto Mining Facility Now Operational November 08, 2018 08:15 ET | Source: DMG Blockchain Solutions Inc. The Facility - One of North America’s Largest - Runs on Clean Hydroelectric Power Highlights: DMG today energized its substation in Western Canada, an area with abundant hydroelectric power DMG’s substation will bring reliable, low cost energy to its operations and its third party hosted customers through Mining as a Service (MaaS) DMG’s engineering, construction and commissioning was one of the lowest cost and fastest builds executed in the power industry The flagship facility will start with 60 megawatts, expandable to 85 megawatts, making it one of North America’s largest Bitcoin & Crypto Mining Facilities VANCOUVER, British Columbia, Nov. 08, 2018 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (“DMG”or the“Company”), a diversified blockchain and cryptocurrency company, announced that it has successfully energized up to 60 megawatts of its 85 megawatt crypto mine. DMG’s 27,000 square foot crypto mining-as-a-service (MaaS) operation sits on 34 acres in British Columbia, Canada and is one of the largest such operations in North America. The facility is currently using clean hydroelectric power, and will not have any impact on the power needs of the local community. “In Boundary Electric’s 71 years of business, we have never seen a demand in the electrical manufacturing industry quite like what is being generated from the crypto space. The opportunity to collaborate with DMG on projects has brought to the forefront their commitment to creative solutions facing their industry. DMG’s approach to the design process highlights a partnership strategy focusing on cost effective solutions without compromising quality,” said Dave Evdokimoff, CEO of Boundary Electric. DMG’s green-powered crypto mine took nearly a year to complete and included building its own road, installing its own power substation, and creating many jobs. Jason Wolfe, Director of Energy Solutions at FortisBC added, “FortisBC is excited to be working with DMG on this project. Not only is DMG one of the largest electric customers we have ever connected, but it’s an emerging industry that’s providing new opportunity for rural communities.” The power that DMG is bringing to its new facility is enough to power a city of 50,000 homes, but is independent from the local community grid. “DMG now proudly owns one of the largest, most cost-efficient, bitcoin mining facilities in North America--and we’re doing it in a responsible way with the local community,” said Dan Reitzik, CEO of DMG Blockchain Solutions. "It was an audacious undertaking, but DMG's executive team has been in the mining space for years, and we have the know-how and connections with the utilities and government agencies to pull it off.” DMG Blockchain also announces that Simon Padgett has stepped down as a Director of the Company. https://globenewswire.com/news-rele...t-Crypto-Mining-Facility-Now-Operational.html
DMG Blockchain Signs 7-Megawatt Bitcoin Mining Contract DMG’s Industrial-Scale Mining Operation uses Efficient Power from its Wholly-Owned Substation to Successfully Onboard New Mining as a Service (MaaS) Customers even at Low Bitcoin Prices VANCOUVER, British Columbia, Dec. 05, 2018 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF:OTC US) (FRANKFURT:6AX) (“DMG” or the “Company”), a diversified blockchain and cryptocurrency company, announced that it has signed a Mining as a Service (MaaS) contract with a major blockchain industry company to host approximately 7 megawatts of bitcoin mining capacity. https://globenewswire.com/news-rele...Signs-7-Megawatt-Bitcoin-Mining-Contract.html
Hard Fork’s blockchain and cryptocurrency expectations for 2019 2019/01/04 Can Bitcoin go green in 2019? Bitcoin often gets a bad wrap for how much energy its mining process uses, this isn’t necessarily a problem, but where that electricity comes from is. Cryptocurrency miners naturally gravitate to cheap electricity to maximize profit and as energy from renewable sources becomes cheaper than fossil fuels, it stands to logic that miners will move to these sources. Mining is already big business in countries where renewable energy is favored, such as Sweden where over half the country’s energy needs are met by hydroelectric power. Cryptocurrency mining corporation, DMG Blockchain Solutions, recently announced the launch of its own 85 megawatt mining facility that is powered entirely by hydro-electric power. Recent reports have also estimated that renewable energy services three quarters of Bitcoin‘s energy demands. It might seem that 2019 might be the year Bitcoin goes green. https://thenextweb.com/hardfork/201...ain-and-cryptocurrency-expectations-for-2019/
DMG Provides Year in Review Update VANCOUVER, British Columbia, Jan. 10, 2019 (GLOBE NEWSWIRE) https://dmgblockchain.com/dmg-provides-year-in-review-update/ "DMG’s existing clients account for about 15 megawatts with approximately half of this having been recently added for a new Mining-as-a-Service (“MaaS”) client. A further 15 megawatts is planned for late February, with the remaining 30 megawatts to be energized shortly thereafter. The Company is in discussions with multiple parties to host their mining servers as part of our MaaS offering, and we will update the market if and when we enter into these agreements." "Wazabi, the result of more than two years of market research and industry discussion, is a blockchain-based platform to manage the cannabis supply chain and regulatory compliance on a global scale." "DMG is currently assembling a consortium of industry stakeholders, including licensed producers, retailers, testing facilities, and government, who will collaborate to ensure that Wazabi meets the needs of each specific participant in the entire supply chain. The intention is to build Wazabi so that the platform seamlessly integrates with existing ERP and other software systems already deployed and in use. By Spring 2019 the beta version will be released with additional functionality added to the platform over time. We are tremendously excited about being a founding partner in the Wazabi consortium, and the future revenue potential that should result from the deployment of this technology solution."
As a reminder: "...with the majority of this capacity dedicated to MaaS clients ($1.5M revenue per MW with 40% EBITDA margin)." https://www.cantechletter.com/2018/07/dmg-blockchain-named-a-top-pick-for-q3-at-paradigm-capital/ If the numbers in the newsletter are reasonably correct, everyone can do their own maths on the great potential of DMGI (even at the current price level). At a MaaS capacity of 30 MW (end of February) we should trade at minimum 50 cents in my opinion. At 60 MW MaaS capacity at a minimum of $1. This does not take into account the numerous other business opportunities of DMGI.
Finally, it looks like this stock will trade again soon... DMG Files Amended and Restated Filings https://www.globenewswire.com/news-...n/DMG-Files-Amended-and-Restated-Filings.html August 19, 2019 14:11 ET | Source: DMG Blockchain Solutions Inc. Highlights: Filing of amended financial statements and management’s discussion and analysis Revocation of cease trade order (“CTO”) expected shortly
DMG Announces Commercial Launch of Forensic Software Blockseer and Walletscore in Europe and Update on DMG’s Forensics Division August 20, 2019 09:28 ET | Source: DMG Blockchain Solutions Inc. https://www.globenewswire.com/news-...e-and-Update-on-DMG-s-Forensics-Division.html Highlights: DMG has launched its AML software, Walletscore, for financial institutions in Europe DMG’s forensics practice has been engaged by organizations to assist them in crypto related issues DMG’s forensics practice has generated in excess of $200,000 in consulting revenues Dan Reitzik, DMG’s CEO, added “DMG is working hard on all fronts. Our mining facility, which is one of the largest such facilities in Canada, is operating very well and the Company is hosting more than 10,000 individual miners currently, with near term capacity for an additional 30,000 miners (approx. 45MW). DMG’s Forensics Division has been engaged by one of the leading crypto audit firms and is currently assisting with technical expertise on multiple audits. The Forensics practice has generated more than $200,000 in consulting revenue alone in recent months, and we are excited to continue building this area of the business. Our Data Analytics software products have recently launched in Europe with new clients on-boarding weekly. We are also tremendously excited about the progress on Wazabi, the cognitive technology platform we are building in partnership with IBM, for the rapidly growing regulated products industry. Wazabi utilizes Blockchain, Artificial Intelligence and Big Data technologies to connect the global supply chain.”
Below is a link to a recent presentation and update from the CEO. Sounds very promising imo. Market Cap before trading got halted was 18 million CAD. Overall, I believe the company is on the right track, in particular with their IBM partnership and their Canabis Blockchain solution. Dan Reitzik - FTE Taormina Summit 2019
