altcoin news

Graph Blockchain Deploys $2M to Purchase Additional Altcoins

 Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) ("Graph" or the "Company") is pleased to announce that through its wholly owned cryptocurrency subsidiary, Babbage Mining Corp. ("Babbage"), the Company has deployed additional capital of CAD $2 million.

The Company has allocated $1,500,000 of its staking capital with $1,000,000 into the Polkadot ("DOT Token") and $500,000 into the Cardano ("ADA Token") on April 5, 2021 to increase its position. The Company will have a further announcement on the deployment of the additional $500,000 on notification that the order has been executed. The Company anticipates additional information will be provided as the projects develop and progress through buying phases.

Paul Haber, CEO of Graph Blockchain Inc. commented, "The Babbage team has been closely reviewing different tokens and we are excited to announce these acquisitions today to further deploy the Company's capital. As we expand the crypto portfolio, Graph's value add will include the ability going forward to leverage the crypto acquisitions into building a diversified crypto enterprise within a public company."

About Cardano

Cardano is a proof-of-stake blockchain platform created in 2017 by Charles Hoskinson, CEO of IOHK and a cofounder of Ethereum. Cardano has been built using peer-reviewed research and true scientific method to address scalability, interoperability, and sustainability. It is an open-source network that focuses on its background of academic research and positions itself as the first "third-generation" cryptocurrency, following after Bitcoin and Ethereum. As of today's date, the ADA Token is ranked 6th largest cryptocurrency by market capitalization and is one of the most promising smart contract platforms in the space.

About Polkadot

Created by Dr. Gavin Wood, the ex-CTO, and a cofounder of Ethereum, the DOT Token enables blockchain networks to work together by stacking other protocols on its base layer. It provides a secure solution that is self-governing, easily upgradable and scales well. Giving other protocols a ground work to build specialized solutions with a variety of functions, perhaps most importantly interoperability between blockchains, including Bitcoin and Ethereum. Through this bridge to Ethereum, it is widely believed the DOT Token is likely to have a serious impact on Ethereum's market share and as of today's date is ranked 5th largest cryptocurrency by market capitalization.

About Graph Blockchain Inc.

The Company is a blockchain development company that provides high performance blockchain solutions that include graphic data analysis and consulting services, implementation of data mining analysis through the use of graph databases and speed enhancements of blockchain control systems for businesses and government. This includes the Babbage Mining Corp. which will focus on altcoins, alternative cryptocurrencies to Bitcoin. Graph will be the first publicly tradable altcoin Proof of Stake ("POS") miner, which will generate revenue while providing exposure to several top digital assets by market capitalization.

By mining altcoins through Proof of Stake, Babbage can provide to its investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains that altcoins represent.

Additional Information on the Company is available at www.graphblockchain.com and www.babbagemining.com.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this release.

For further information, please contact:
Jamie Hyland
Phone :604.442.2425
Email: jamie@graphblockchain.com

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events, or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

###

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79481

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Graph Blockchain

Graph Blockchain

Exposure to Altcoin and other DeFi Opportunities

Bright lights form radiating patterns in a dark room, creating an illusion of endlessness.

Sid Powell on Maple Finance's Evolution and the Future of DeFi Lending

In the evolving world of decentralized finance (DeFi), institutional lending has emerged as a crucial frontier bridging traditional finance and blockchain innovation. Maple Finance, a DeFi lending platform managing over US$4 billion in assets, stands out as a leader. It takes a unique approach... Keep Reading...
Nasdaq building display promoting blockchain for safer, faster transactions.

XION and Fireblocks Partner to Accelerate Mass Market Blockchain Adoption

In a major step toward mainstream blockchain adoption, XION, a consumer-centric Layer-1 blockchain, has announced a strategic integration with Fireblocks, a digital asset infrastructure provider trusted by over 2,000 institutions, including BNY Mellon (NYSE:BK), Galaxy Digital (NASDAQ:GLXY) and... Keep Reading...
Bitcoin symbol overlaid on colorful financial graphs and candlestick charts.

2025 Crypto Market: Q3 Review and Forecast

The third quarter of the year was pivotal for the cryptocurrency market, which saw notable price movements, regulatory progress and growing institutional adoption. Bitcoin started the period near US$100,000 and periodically rose above US$120,000; it pulled back below US$110,000 in late September... Keep Reading...
Gold Bitcoin standing among other coins on a reflective surface.

Crypto Market Update: Bitcoin Price Hits New All-time High

Here's a quick recap of the crypto landscape for Monday (October 6) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I,... Keep Reading...
AEG Confirms Pre-Sale of 35% of Initial 8 MW UAE Capacity with Strong Revenue Outlook and Clear Expansion Path

AEG Confirms Pre-Sale of 35% of Initial 8 MW UAE Capacity with Strong Revenue Outlook and Clear Expansion Path

Active Energy Group plc (LSE: AEG | OTC: ATVGF), an alternative energy company focused on the deployment of renewable infrastructure and the integration of advanced digital technologies, is pleased to provide an update on its first UAE project site, where the Company has achieved a major... Keep Reading...
Hydrogen Utopia International PLC (LSE: HUI)

American AI Expert to Partner with HUI in Gulf States

Hydrogen Utopia International PLC (LSE: HUI), a company pioneering non-recyclable waste-to-hydrogen systems, is delighted to announce that it has entered into a Binding Outline Agreement with BPODash LLC ("BPOD"), a U.S.-based developer of advanced AI-powered monitoring and predictive analytics... Keep Reading...

Latest Press Releases

Related News