NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Zug, Switzerland and Vancouver, Canada – HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (the “Company” or “HIVE”), the leading publicly listed blockchain infrastructure company, is pleased to announce that it has closed the first tranche (“First Tranche”) of its previously announced private placement of up to C$115 million (the “Offering”) co-led by GMP Securities L.P. and Eventus Capital Corp. and including Haywood Securities Inc. and PI Financial Corp. (collectively, the “Agents”). The First Tranche consisted of a total of 15,873,100 units (the “Units”) sold at a price of C$3.15 per Unit for gross proceeds raised of C$50,000,265.
Each Unit consists of one common share (a “Share”) and one Share purchase warrant (a “Warrant”), with each Warrant entitling the holder to purchase one Share at a price of $3.90 until November 14, 2019. The Shares and the Warrants issued under the First Tranche are subject to a hold period expiring April 19, 2018. The Company anticipates that the Warrants will be listed on the TSX Venture Exchange (the “Exchange”) shortly after the hold period expires, subject to meeting the conditions in Exchange approval. In connection with the First Tranche, the Agents received a cash commission equal to 6% of the gross proceeds raised in the First Tranche.
The final closing of the Offering of up to an additional of $65 million (the “Final Tranche”) is expected to be December 29, 2017. Closing of the Final Tranche is subject to certain conditions typical for a transaction of this nature and the receipt of all necessary regulatory approvals, including the approval of the Exchange.
The net proceeds of the Offering are expected to be used to fund the completion of the Sweden Bitcoin Data Centre and the Phase 3 Expansion at the Sweden GPU Data Centre (as described in the Company’s December 13, 2017 news release), and for general working capital purposes. http://www.HIVEblockchain.com
ABOUT HIVE BLOCKCHAIN TECHNOLOGIES LTD
HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE is strategically partnered with Genesis Mining Ltd. to build the next generation of blockchain infrastructure. HIVE owns state-of-the-art GPU-based digital currency mining facilities in Iceland, which produce newly minted virgin digital currency like Ethereum around the clock, and is in the midst of a major expansion of operations into Sweden.
For more information and to register to HIVE’s mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel. On Behalf Of HIVE Blockchain Technologies Ltd. – “Harry Pokrandt” – President, CEO and Director – For further information please contact: Harry Pokrandt – Tel: (604) 609-6110 http://www.HIVEblockchain.com
BLOCKCHAIN IS EATING WALL STREET
Alex Tapscott | TEDxSanFrancisco
UNDERSTAND THE BLOCKCHAIN IN TWO MINUTES
19 Industries The Blockchain Will Disrupt Banking, Cyber Security, Supply Chain Management, Forecasting, Networking Internet, Insurance, Private Transport ride sharing, Cloud Storage, Charity, voting, Government, Public Benefit Basic Income, Healthcare, Energy Management, Online Music, Retail, Real Estate, Crowd Funding, Your Industry – https://www.youtube.com/watch?v=G3psxs3gyf8
890,360 views – https://www.youtube.com/watch?v=r43LhSUUGTQ
MESSAGE VERIFICATION AND TRANSMISSION ERROR DETECTION BY BLOCK CHAINING
United States Patent 4074066 – April 26, 1976
Abstract: A message transmission system for the secure transmission of multi-block data messages from a sending station to a receiving station.
The sending station contains cryptographic apparatus operative in successive cycles of operation during each of which an input block of clear data bits is ciphered under control of an input set of cipher key bits to generate an output block of ciphered data bits for transmission to the receiving station. Included in the cryptographic apparatus of the sending station is means providing one of the inputs for each succeeding ciphering cycle of operation as a function of each preceding ciphering cycle of operation. As a result, each succeeding output block of ciphered data bits is effectively chained to all preceding cycles of operation of the cryptographic apparatus of the sending station and is a function of the corresponding input block of clear data bits, all preceding input blocks of clear data bits and the initial input set of cipher key bits.
Inventors: Ehrsam, William F. (Hurley, NY) Meyer, Carl H. W. (Kingston, NY) Smith, John L. (Woodstock, NY) Tuchman, Walter L. (Woodstock, NY) Filing Date: 04/26/1976
Assignee: International Business Machines Corporation (Armonk, NY) [IBM]
METHOD AND SYSTEM FOR TRANSFERRING TRUST ACROSS BLOCK CHAIN SEGMENTS
United States Patent Application 20170344580 – May 27, 2016
Abstract: A method for generating a segmented blockchain includes: storing a first blockchain, the blockchain being comprised of blocks including a recent block, the recent block including a corresponding block header and transaction values; generating a recent hash value via hashing the corresponding block header; writing a terminal block to the first blockchain, the terminal block including a terminal block header comprised of the recent hash value, an activated terminal flag, and a forward reference identifier; generating a terminal hash value via hashing the terminal block header; generating a second blockchain, the second blockchain being comprised of a starting block, the starting blocking including a starting block header comprised of the terminal hash value and an activated starting flag; and transmitting the terminal block and the second blockchain to one or more computing devices associated with the first blockchain.
Inventors: King, David J. (Guildford, GB) Filing Date: 05/27/2016
Assignee: MasterCard International Incorporated (Purchase, NY, US)
HOW DOES A BLOCKCHAIN WORK SIMPLY EXPLAINED
CENTRAL BANKS, WORLD ELITE USING AI TO TAKEOVER BITCOIN, BLOCKCHAIN & WORLD FINANCE. SCARY TRUTH
September 19, 2017 – The Central Bank’s scheme to takeover the entire future of world finance is through blockchain. Why is nobody talking about this? Bleeding Edge Digital looks at the future of cryptocurrency, social payment systems, and the Central Banks involvement.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE NEWS RELEASE
Forward-Looking Information Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes information about the expansion of the Company’s digital currency mining operations in Sweden (including into Bitcoin and Bitcoin Cash mining); the quantum and closing of the second tranche of the Offering; the business goals and objectives of the Company, and other forward-looking information includes but is not limited to information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.
Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the expansion of digital currency mining operations in Sweden (including construction of planned facilities) may not occur as currently planned, or at all; the second tranche of the Offering may not close on the terms and timing anticipated, or at all; the Exchange may not approve the transactions the Company has applied for; the quantum of computational power and electrical consumption expected by the Company in Sweden may not materialize as currently anticipated, or at all; the digital currency market; the Company’s ability to successfully mine digital currency; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; and other related risks as more fully set out in the Filing Statement of the Company dated September 13, 2017.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company’s ability to complete of its expansion of digital currency operations in Sweden; the Company’s ability to close the second tranche of the Offering, including obtaining Exchange approval; Genesis’ participation in the Offering; the Company’s ongoing partnership with Genesis; historical prices of digital currencies and the ability of the Company to mine digital currencies will be consistent with historical prices; and there will be no regulation or law that will prevent the Company from operating its business.
The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.
TOP CRYPTO MINING EXECUTIVE EXPLAINS WHY “WE’RE HOARDING THE COINS”
Mac Slavo – December 10, 2017 – SHTFplan.com – If the price action in crypto currencies over the last several months has proven anything, it’s that the blockchain has gone fully mainstream with global investors, major financial institutions and governments showing significant interest in the space. While a number of blockchain projects are moving onto the stage, the primary focus for investors has been Bitcoin, which has seen an increase of over 1,600% in 2017. And according to Frank Holmes, there is much more to come.
In an interview with SGT Report, Holmes, the Chairman of Hive Blockchain Technologies, the world’s only publicly traded blockchain mining company explains that, while roughly 78% of the available 21 million Bitcoins, or about 16.4 million, have been mined up to this point, there are probably only about 10 million coins in actual circulation around the world because somewhere on the order of 25% have been lost forever due to misplaced wallet access keys and other issues. Moreover, of those 10 million or so available coins, it has been widely reported that about 1000 “whales,” or high net worth investors, own some 40% of the coins, creating a scarcity in the market that has left millions of global investors chasing a limited supply of BTC.
“IT’S NOT A BUBBLE… IT’S A MASS ADOPTION” SAYS BLOCKCHAIN MINING CHAIRMAN
December 21, 2017 With cryptocurrencies like Bitcoin and Ethereum having seen exponential price increases throughout 2017 it’s easy to suggest the entire crypto space is in an epic bubble. And while in the short-term this may be true with wild price springs occurring on a regular basis, what 2017 has proven is that more and more individuals and institutions around the world are getting interested. In fact, so much so that Coinbase, one of the most popular crypto currency exchanges in the United States, saw more client accounts created in three years than brokerage firm Charles Schwab has seen in thirty.
This, according to Hive Blockchain Technologies [https://www.hiveblockchain.com/] Chairman Frank Holmes in a recent interview with Future Money Trends [https://www.hiveblockchain.com/news/hive-blockchain-closes-50-million-first-tranche-of-financing/] , is indicative not of a bubble, but rather, a mass adoption. Holmes notes that proof of this adoption comes from the fact that Genesis Mining, one of the largest global blockchain mining leasing firms, recently ran out of mining server space in their massive facility. As well, there is incredible demand as evidenced by Coinbase and other exchanges, especially now that millennials see blockchain as the future of the internet.
There is no doubt that blockchain technologies will continue to move forward and revolutionize everything from digital payments systems to communications security. And though price movements of some crypto assets may look like a bubble, consider that only a small percentage of the global population has gotten involved from an investment standpoint. Some estimates suggest that the current $600 billion or so total market cap of all cryptocurrencies combined will soon be dwarfed by the trillions of dollars expected to move into the space. In this case, early adopters of successful blockchain technologies will continue to see exponential gains as the market expands.http://www.shtfplan.com/headline-news/its-not-a-bubble-its-a-mass-adoption-says-blockchain-mining-chairman_12212017
HIVE BLOCKCHAIN TECHNOLOGY
UNIVERSITIES MUST PREPARE ‘SMART ENGINEERS’ FOR TOMORROW’S SMART CITIES
Image: Wikipedia Commons – By: Louisa Kendal and Steven Sheer – December 25, 2017
There are two key thoughts here: 1) block chains will be centralized, not distributed and anonymous and 2) all central banks are involved. If central banks take this path, it spells the end of public crypto-currencies and the establishment of global Technocracy. ? TN Editor
The Bank of Israel is examining issuing digital currency as a means of creating a faster payments system as well as reducing the amount of cash in the economy, a central bank source said on Sunday, though he stressed no decision had yet been made. The source, who spoke on condition of anonymity, also said the government was ready to legislate or include the issue in its 2019 budget and economic package if the central bank gave the green light. The emergence of bitcoin and other so-called cryptocurrencies has led some economists to predict the technology could be used one day across entire economies, with digital currencies created by central banks.
HOW BLOCKCHAIN WILL PRODUCE SELF-AWARE AI
December 12, 2017 – https://www.youtube.com/watch?v=if51LaPk4TM
BLOCKCHAIN: THE DNA OF THE MARK OF THE BEAST, ARTIFICIAL INTELLIGENCE
Nov 6, 2017 – https://www.youtube.com/watch?v=hmvLI8KaGXo
BLOCKCHAIN EXPERT EXPLAINS ONE CONCEPT IN 5 LEVELS OF DIFFICULTY
November 8, 2017 Jackson Chen – Wired – https://www.youtube.com/watch?v=hYip_Vuv8J0
BLOCKCHAIN COULD BE BIGGER THAN THE INTERNET
It all started in October 2008 when an unknown person under the pseudonym Satoshi Nakamoto introduced to the world bitcoin, the first blockchain application. At that time, cryptocurrency was inexistent in the minds of investors, and bitcoin was basically priced at zero. Fast forward to 2017, bitcoin has become one of the hottest commodities for investors, with its BTUs price recently soaring past the US$6,000 mark and up by over 500% over the past year.
Bitcoin – “The Digital Gold” Ex-fund manager Michael Novogratz, who has made a fortune from bitcoin and ethereum, said in an interview on October 10 that he believes the value of a bitcoin will reach $10,000 in six to 10 months. He also plans to start a $500 million fund for cryptocurrencies, token sales and related startups. […] What Blockchains Can Do: Eliminate agents or dealers in transactions, saving costs; Manage contracts;Provide banking without the need to go to a bank; Validate and secure almost anything; Enhance cloud technology; Ensure transparency in transactions.What’s Ahead For Blockchains: Blockchains have already been adopted by large financial institutions like JPMorgan Chase & Co, with other banks expected to join in the act in the coming months.
Cryptographically secured currencies will become widely used. Nasdaq will launch blockchain-enabled digital ledger technology that will be used to expand and enhance its equity management capabilities.
APPLE IS GETTING EVERYONE PREPARED FOR IT…
[Satan pays well: Apple CEO Tim Cook Earned $102 Million in 2017December 27, 2017 PST by Juli Clover – In fiscal 2017, Apple CEO Tim Cook received a salary of $3.06 million plus $9.33 million in bonuses and stock worth $89.2 million for a total compensation package of approximately $102 million, reports Bloomberg. The data was shared today by Apple in a proxy statement filed with the United States Securities and Exchange Commission ahead of the company’s annual shareholders meeting, which will take place on February 13, 2018. https://www.macrumors.com/2017/12/27/apple-ceo-tim-cook-102-million/
THE BIBLE SAYS THIS IS EXACTLY HOW IT WOULD LOOK BEFORE THE END
(2017-2018) 386,940 views https://www.youtube.com/watch?v=hWe62uHpikY