VANCOUVER, British Columbia, Sept. 01, 2022 (GLOBE NEWSWIRE) — BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG; OTC: BBKCF; WKN: A2PS9W), owner of Blockchain Intelligence Group (blockchaingroup .io), the crypto insights company, is pleased to share an update on second quarter milestones.
Blockchain Intelligence Group renewed its annual contract with a global crypto payment company for US $270K. The crypto payment company serves more than 100,000 merchants globally with real-time payments. It will continue to use tools in Blockchain Intelligence Group’s ecosystem for crypto insights: QLUE™ for research and BitRank Verified® for automated risk monitoring.
Blockchain Intelligence Group also launched partnerships with two South Korean firms for market entry. It aims to provide leading blockchain investigative support and automated risk monitoring to South Korean law enforcement and financial services. Blockchain Intelligence Group’s Director of APAC will lead training sessions for 100+ police officers in September.
Blockchain Intelligence Group has successfully tested interoperability with the Travel Rule provider 21 Analysis. TRP is an open, decentralized and collaborative travel rule protocol by the OpenVASP Association. TRP helps Compliance meet the FATF travel rule recommendations for virtual asset service providers.
“Blockchain Intelligence Group helps clients get maximum business value from digital assets and the blockchain,” said Lance Morginn, president, Blockchain Intelligence Group. “From a major contract renewal to market entry into S. Korea, our team continues to deliver on our global expansion plans.”
QLUE™ produces transaction-to-transaction crypto forensics analysis and threat intelligence for compliance, AML, fraud prevention and law enforcement. QLUE™ is used by Fortune 500 banks and dozens of law enforcement organizations globally.
BitRank Verified® automates crypto risk monitoring to meet compliance requirements for banks, payment providers, crypto exchanges, crypto ATMs and more. BitRank Verified® seamlessly integrates with existing compliance systems and reduces trading risk exposure associated with cryptocurrencies.
Pursuant to the Company’s stock option plan and subject to regulatory approval, it has also granted stock options to its directors, officers, employees and consultants to purchase an aggregate of 850,000 common shares of the Company’s capital at an exercise price of $0.45 per share. share for a period of five years. The share options will be subject to vesting requirements over a period of up to 24 months. The securities represented by this grant will be subject to a four-month holding period.
On behalf of the board
Mark Binns
CEO
[email protected]
Investor Relations
Victoria Rutherford
[email protected]
T: 1.480.625.5772
For media inquiries:
Nate Habermeyer, April
Blockchain Intelligence Group
[email protected]
T: + 1 416 871 6283
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant and regulated environment. BIGG invests in products and companies to support this vision. BIGG has four portfolio companies: Netcoins (netcoins.ca), Blockchain Intelligence Group (blockchaingroup.io), TerraZero (terrazero.com) and Luxxfolio (luxxfolio.com).
Blockchain Intelligence Group provides crypto risk intelligence, research and training. Banks, fintechs, crypto companies and law enforcement rely on its state-of-the-art digital asset solutions. By providing intuitive tools for risk management, intelligence, compliance and investigations, and best-in-class data analytics, we help organizations unlock the potential of blockchain.
Online coins develops brokerage and exchange software to make the buying and selling of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and security. Netcoins uses BitRank Verified® software at the heart of the platform and facilitates crypto trading via a self-service crypto broker portal at Netcoins.app.
TerraZero is a vertically integrated Metaverse development group and leading Web 3.0 technology company specializing in the Metaverse space. The company’s Metaverse agnostic vision is to develop, acquire and finance the Metaverse’s most promising companies, entrepreneurs and developers. TerraZero also owns digital real estate and offers offices and services to those interested in the Metaverse. BIGG owns ~30% of TerraZero.
Luxxfolio is a publicly traded, vertically integrated digital asset company based in Canada. It operates an industrial-scale cryptocurrency mining facility in the United States, primarily powered by renewable energy, with a focus on the blockchain ecosystem and digital asset generation. Luxxfolio provides a liquid alternative for exposure to digital assets for the broader capital markets. BIGG owns ~15% of Luxxfolio.
For more information and to sign up for BIGG’s mailing list, please visit our website at Or visit SEDAR at www.sedar.com.
Forward-looking statements:
Certain statements in this release are forward-looking statements, which include the completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including statements of beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking words 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 is no guarantee that the plans, intentions or expectations on which they are based will occur. By their nature, forward-looking statements involve a number of assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that 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 the capital markets in particular, and other factors, many of which are beyond BIGG’s control. Forward-looking statements in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on forward-looking information because BIGG cannot give any guarantee that it will prove to be correct. Important factors that could cause actual results to differ materially from BIGG’s expectations include consumer sentiment towards BIGG’s products and Blockchain technology in general, technology failure, competition and failure of counterparties to fulfill their contractual obligations.
The forward-looking statements in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, BIGG undertakes no obligation to comment on the expectations of, or statements from, third parties in relation to the matters discussed above.
CSE assumes no responsibility for the adequacy or accuracy of the content of this press release.
