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    BIGG   CA0898041086

BIGG DIGITAL ASSETS INC.

(BIGG)
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Blockchain Intelligence Group Is First Analytics and Monitoring Solution to Support Syscoin Network

11/10/2021 | 08:02am EST

TORONTO, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, and Blockchain Intelligence Group , (a subsidiary of BIGG Digital Assets Inc. (CSE: BIGG, OTC: BBKCF, WKN: A2PS9W)), a global cryptocurrency compliance and intelligence company, are pleased to announce the official launch of Syscoin support in BitRank Verified blockchain intelligence software.

As disclosed in its press release dated June 9, 2021, Blockchain Intelligence Group and the Company announced the anticipated BitRank Verified integration as the first phase of its risk scoring and blockchain forensic solution for the Syscoin network. The solutions will be integrated within BCF’s on-chain compliance and transaction monitoring tools, providing unique regulatory compliant technology.

“By joining Blockchain Intelligence Group’s ecosystem, we are able to offer compliance and a regulatory framework to Syscoin customers for the first time on a public ledger that brings the same benefits as traditional financial services,” said BCF Chief Technology Officer and Syscoin Lead Core Developer, Jag Sidhu. “These benefits will integrate seamlessly for users all while they hold their tokens in their own digital wallets.”

“Interoperability is the future of blockchain, and as more organizations seek out the benefits of crypto, our solutions are their north star for securing and legitimizing the future of finance,” said president at Blockchain Intelligence Group, Lance Morginn. “Integrating Syscoin is a proof point to the vision we share with our partners: building the future of cryptocurrency’s global adoption and utility.”

About Blockchain Foundry Inc.        

Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses.

Blockchain Foundry Contact Information:

Dan Wasyluk
Chief Executive Officer
(647) 794-0994
dwasyluk@blockchainfoundry.com

Forward-Looking Information

Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact, including, but not limited to, statements with respect to the business strategy and objectives of BCF, and the anticipated timelines for BCF’s future products. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.

Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF, are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies, including, but not limited to, capital expenditures, other costs, or implied future forecasts related to the new products, the ability of BCF to succeed in carrying out its business, or that it will be successful in developing, commercializing or profitably operating its future products in the manner described herein, changes to the proposed structure of the products that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval for the products. In addition, certain future products may require BCF to become registered or apply for an exemption for registration for which there can be no assurance that such applications will be successful or completed in a timely manner. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.

The forward-looking statements contained in this news release are made as of the date of this news release, and BCF does not undertake to update any forward-looking statements contained or referenced herein, except in accordance with applicable securities laws.

Forward-looking statements contained in this news release are expressly qualified by this cautionary note.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.


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Source: Blockchain Foundry Inc.

2021 GlobeNewswire, Inc., source Press Releases - Canada

Stocks mentioned in the article
ChangeLast1st jan.
BIGG DIGITAL ASSETS INC. 0.00% 0.96 Delayed Quote.-7.69%
BLOCKCHAIN FOUNDRY INC. -4.00% 0.24 Delayed Quote.0.00%
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Financials
Sales 2021 14,9 M 11,9 M 11,9 M
Net income 2021 -5,08 M -4,06 M -4,06 M
Net Debt 2021 - - -
P/E ratio 2021 -48,0x
Yield 2021 -
Capitalization 235 M 189 M 187 M
Capi. / Sales 2021 15,8x
Capi. / Sales 2022 8,68x
Nbr of Employees -
Free-Float -
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Number of Analysts 3
Last Close Price 0,96 CAD
Average target price 2,69 CAD
Spread / Average Target 180%
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Managers and Directors
Mark Binns Chief Executive Officer & Director
Lance Morginn President & Director
D. Kim Evans Chief Financial Officer & Director
Shone Anstey Executive Chairman
Thomas John Kennedy Independent Director
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