4investors | Börsen-News | Adhoc- und Unternehmensnews |

DGAP-News: BIG Blockchain Intelligence Group provides update on acquisition of Netcoins Operations

10.07.2019, 00:06:52 (www.4investors.de - in Kooperation mit DGAP - EQS Group):

DGAP-News: Big Blockchain Intelligence Group Inc. / Key word(s): Miscellaneous

BIG Blockchain Intelligence Group provides update on acquisition of Netcoins Operations
10.07.2019 / 00:06

The issuer is solely responsible for the content of this announcement.

Vancouver, British Columbia--(Newsfile Corp. - July 9, 2019) - BIG Blockchain Intelligence Group Inc. (CSE: BIGG) (OTC Pink: BBKCF) (WKN: A2JSKG) ("BIG" or the "Company") wishes to provide an update on its proposed acquisition of the Netcoins operations. On May 27, 2019, the Company announced that it had entered into a definitive share purchase agreement (the "Agreement") with Netcoins Holdings Inc. (CSE: NETC) (the "NETC") whereby BIG will acquire all of the issued and outstanding shares of its three subsidiary companies - Netcoins Inc., NTC Holdings Corp., and NTC Holdings USA Corp. (collectively, "Netcoins") by issuing 37,500,000 common shares (the "Payment Shares") to NETC at a deemed price of $0.08 per Payment Share (the "Transaction"). The business of BIG and Netcoins are highly complementary, and the Transaction is expected to create value for shareholders in both the near and long-term. It offers BIG an opportunity to step into the world of cryptocurrency trading, in an immediately operational capacity. Netcoins has over 171,000 retail locations globally, a self-serve crypto purchase portal and an institutional over-the-counter (OTC) trading desk. Natural synergies include the integration of BIG's sophisticated compliance and analytics services into Netcoin's offerings, which should serve to propel its retail and institutional trading platforms in particular. As a ground-floor entrant into the cryptocurrency space, BIG's aggregated knowledge and experience accumulated over several turbulent years has led to the determination that the time is right for consolidation within the cryptocurrency market, and the belief that additional opportunities will open up for a larger, stronger and more diversified combined company. BIG's focus will continue to be on capturing and building out a strong position in the vast market opportunity offered by the emerging cryptocurrency sector. With wider adoption of cryptocurrency underway, the groundswell movement to introduce and implement regulation and controls to safeguard investors will continue to grow - spurred on by the entry of global corporations into the sector. Recent news of Facebook partnering with other industry giants to launch Libra, a digital coin intended to simplify online payments and purchases, and of banking behemoth JP Morgan's impending release of the JPM coin, will likely have the effect of driving forward regulation while simultaneously adding legitimacy to the sector.As it looks to fulfill its mandate of bringing cryptocurrency mainstream through it's "compliance first" approach, BIG will seek to reduce transactional risk across a broader base - one that includes regulators, compliance experts, law enforcement, institutional traders, and the public at large.The cryptocurrency market is evolving quickly, with Bitcoin continuing to lead the way. After the highs of late 2017 and depths of the 2018 crypto winter, BIG anticipates this next phase will see a more mature Bitcoin that has stronger fundamentals with growth attributable to the entry of financial institutions into the sector. BIG has long believed in the enduring nature of Bitcoin. Prior to the most recent price escalation, the Company added to its BTC holdings, more than doubling its investment. It now holds 56.59 BTC at an average cost of USD$5,070 (CAD$6,819) per coin. At today's BTC price of roughly USD$12,500 (CAD$16,500), its BTC holdings are valued at USD$707,000 (CAD$933,700), with unrealized gains of approximately USD$420,000 (CAD$548,000).Completion of the Transaction remains subject to certain closing conditions and obtaining all necessary approvals, including the approval of the Canadian Securities Exchange (the "CSE") and the approval of NETC shareholders and other conditions which are customary for transactions of this nature.Closing of the proposed Transaction is now expected to be on or about July 31, 2019.On behalf of the Board,Shone AnsteyExecutive ChairmanAbout NetcoinsNetcoins is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services. About BIG Blockchain Intelligence Group Inc.BIG Blockchain Intelligence Group Inc. (BIG) brings security and accountability to the new era of cryptocurrency. BIG has developed from the ground up a Blockchain-agnostic search and analytics engine, QLUETM, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank Verified®, offers a "risk score" for cryptocurrency, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements. Our Forensic Services Division brings our team of investigative experts into action for cryptocurrency investigations that require in-depth expertise and experience, either in conjunction with or supplemental to our user-friendly search, risk-scoring and data analytics tools. Based on industry demand, we created our Cryptocurrency Training Academy (www.CryptoInvestigatorTraining.com) to help Law Enforcement, the Financial Sector and Regulators learn how to bring security and accountability to cryptocurrency; our Cryptocurrency Investigator Certification Course is a one-stop solution to understanding the world of cryptocurrency, how to reduce associated risk, and investigate cryptocurrency crime.About BitRank Verified®BIG developed BitRank Verified® to be the industry gold standard in ranking and verifying cryptocurrency transactions. BitRank Verified® offers the financial world a simple risk score, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank Verified® and its API are custom tailored to provide the RegTech sector with a reliable tool for meeting their regulatory requirements while mitigating the risk of money laundering or other criminal activities. About QLUETMQLUE? (Qualitative Law Enforcement Unified Edge) enables Law Enforcement, RegTech, Regulators and Government Agencies to literally "follow the virtual money". QLUE? incorporates advanced techniques and unique search algorithms to detect suspicious activity within cryptocurrency transactions (Bitcoin, Ethereum), enabling investigators to quickly and visually trace, track and monitor transactions in their fight against terrorist financing, human trafficking, drug trafficking, weapons trafficking, child pornography, corruption, bribery, money laundering, and other cyber crimes.About the Crypto Fusion CenterBIG created the Crypto Fusion Center (CFC) to serve as a community resource dedicated to fighting the criminal use of cryptocurrencies. The CFC's mission is to maintain and promote the legitimacy of cryptocurrencies while protecting the market as a whole by identifying and isolating criminal events as they occur. The CFC enables entities in all sectors to notify major participating exchanges, financial institutions, and law enforcement agencies in a timely manner when cryptocurrency thefts occur. The CFC is a direct result of BIG's greater mission of bringing cryptocurrencies mainstream through social responsibility. Entities interested in learning more about the Crypto Fusion Center or considering participating in the community can visit the CFC here: https://cryptofusioncenter.com/About Our Expert Training We offer custom on-site and 24/7 online training, enabling Law Enforcement, the Financial Sector and Regulators to understand cryptocurrency risk and successfully investigate suspicious activity. Our in-person, on-site training solutions are designed to fit our clients' scheduling, location and learning needs. Through our online Cryptocurrency Training Academy (www.CryptoInvestigatorTraining.com), clients can take our Cryptocurrency Investigator Certification Course to earn their Certified Cryptocurrency Investigator credential from BIG to validate their new knowledge.About Our Forensic Services DivisionOur Forensic Services Division provides Law Enforcement, Financial institutions and Regulators with expert support to help trace, track and monitor illicit activity involving cryptocurrencies. Our services range from quick and simple due diligence case reviews, to providing in-depth forensic support for ongoing investigations, and providing expert witness testimony from unbiased third-party investigators. BIG Investor RelationsAnthony ZelenD: +1-778-819-8705email: anthony@blockchaingroup.ioFor more information and to register to BIG's mailing list, please visit our website at https://www.blockchaingroup.io/. Follow @blocksearch on Twitter. Or visit SEDAR at www.sedar.com.Forward-Looking Statements:Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIG's expectations include, consumer sentiment towards BIG's products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46174

Click on, or paste the following link into your web browser,to view
the associated documents


10.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Big Blockchain Intelligence Group Inc.

EQS News ID:

End of News
DGAP News Service

838845  10.07.2019 


Exklusiv-Berichte und Interviews aus der 4investors Redaktion:

VERIANOS-Vorstand Tobias Bodamer spricht im Interview mit der 4investors-Redaktion über Immobilien in Spanien und Deutschland, das Geschäftsmodell, Fonds und eine mögliche Anleihe-Emission.VERIANOS Real Estate: Immobilien mit überdurchschnittlich attraktiven Renditen


Exklusive Interviews und Analysen für Sie aus der 4investors-Redaktion!

Der Newsletter ist kostenlos. Sie können den Newsletter jederzeit wieder abbestellen. Wir speichern Ihre Mailadresse ausschließlich zum Versand des Newsletters und geben diese nicht weiter! Bitte beachten Sie unsere Datenschutzerklärung.

Weitere DGAP-News von

4investors-News zu

09.02.2020 - Disaggregation und Demateralisierung: Wie Bitcoin, Apple, Spotify & Co. die Welt verändern
12.12.2019 - Wenn Frau Lagarde mit dem Flammenwerfer durch einen trockenen Wald geht… - VP Bank Kolumne
02.12.2019 - _2019 - ein Jahr wie aus dem Drehbuch - Weberbank-Kolumne
25.11.2019 - Philion erweitert das Management
25.11.2019 - JDC Group: Anleihe-Platzierung mehrfach überzeichnet
11.11.2019 - MBH Corporation übernimmt KS Training
22.10.2019 - Palladiumpreis steigt von Rekord zu Rekord - Commerzbank Kolumne
11.10.2019 - Paion Aktie: Ist der Selloff vorbei?
26.09.2019 - DAX: Kurs auf 11.957 Punkte? - UBS-Kolumne
16.05.2019 - TUI Aktie: An dieser Aktienkurs-Marke scheint etwas zu passieren
15.05.2019 - ZEW-Lageindikator folgt der Produktion - Commerzbank Kolumne
15.02.2019 - Deutschland schrammt nur knapp an einer Rezession vorbei - Commerzbank Kolumne
07.02.2019 - Grenke steigert Gewinn - Dividende wird erhöht
07.02.2019 - Osram rauscht in die roten Zahlen - „zahlreiche Unwägbarkeiten”
29.01.2019 - Puma: Neues aus dem Vorstand
29.01.2019 - DAX: Folgen größere Gewinnmitnahmen? - UBS Kolumne
28.01.2019 - Wer die Digitalisierung als Anleger nutzen will, sollte sich umstellen - AXA IM Kolumne
28.01.2019 - Geely Aktie: Kippt der Trend nach der Aufholjagd?
21.01.2019 - China: Talsohle noch nicht erreicht! - Nord LB Kolumne
18.01.2019 - Softing Aktie: Deutliche Kaufsignale - Trendwende geschafft?