gblc stock

Graph Blockchain Reports 2021 Year End

Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT5A) ("the Company or Graph ") is pleased to report its financial statements ("FS") and management discussion and analysis ("MD&A") for the year ending April 30, 2021 ("YE 2021"). All currency is in Canadian dollars unless otherwise stated.

The Company's Consolidated FS and MD&A thereon for year ended April 30, 2021, will be accessible on SEDAR at www.sedar.com under Graph's profile

YE 2021 Financial Summary

  • The Company reported revenue of $$433,215 in YE 2021 compared to NIL in YE 2020.

  • The Company also significantly improved its cash balance, $8,802,843, compared to $105,252 in cash in YE 2020.

  • The Company also significantly improved its total assets, $11,751,841, compared to $137,834 in assets in YE 2020.

Path to Profitability: The Company made strong progress throughout the year transforming the Company by identifying revenue opportunities with various sectors of Decentralized Finance ("DeFi"). According to Alex Tapscott of the Financial Post, in the last year the DeFi industry's market capitalization has ballooned 30 times to US$73 billion, while the total value of user deposits (total value locked or TVL) has surged 100 times to nearly US 100 billion.

Paul Haber, CEO of Graph Blockchain, stated, "Despite the challenges of the global pandemic, fiscal 2021 was a year of transition and marked numerous milestones for Graph in building the team, raising funds, and adding global companies to enable us to execute our strategic plan. We see evidence of crypto and blockchain technologies moving significantly closer to mass acceptance. Our product lineup especially, POS mining, non-fungible tokens business, have positioned us to enable a company transformation across global markets."

Fiscal highlights of YE and subsequent events:

  • The Company started its transformation in September 2020 with announcement of new management.

  • In January 2021, the Company undertook to review M&A opportunities in the crypto currency and blockchain sector.

  • In January 2021, the Company announced it entered into a definitive share exchange agreement with Babbage Mining Corp.

  • In February 2021, the Company announced that it has closed the previously announced non-brokered private placement financing raising aggregate gross proceeds of $2,316,000.

  • In February 2021, the Company announced the completion of the Babbage Mining acquisition, and 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.

  • In March 2021, the Company announced the first two altcoins purchasing and staking acquiring Cardano ("ADA Token") and Polkadot ("DOT Token") and became the first publicly tradable altcoin Proof of Stake ("POS") miner, generating revenue while providing exposure to several top digital assets by market capitalization.

  • In March 2021, the Company announced the closing of CAD$10 million brokered private placement.

  • In April 2021, the Company announced a $1,500,000 of its staking capital with $1,000,000 into the Polkadot ("DOT Token") and $500,000 into the Cardano ("ADA Token").

  • In May 2021, the Company announced acquisition of Beyond the Moon Inc. a Crypto Launchpads service provider.

  • In June 2021, the Company announced listing on the Frankfurt Stock Exchange, the world's thirteenth largest organized exchange trading market by market capitalization, revenue, profitability, and the largest stock exchange in Germany.

  • In July 2021, the Company announced acquisition of New World Inc., an augmented reality art-focused non-fungible tokens (NFT) company that allows creators, musicians, and celebrities to create and sell digital art.

  • In July 2021, the Company announced that New World Inc., signed several celebrities to its platform including musician Karl Wolf, designer Gianpiero D'Alessandro, and international recording artist Mia Martina to create exclusive non-fungible tokens ("NFTs") on New World Inc. platform.

  • In August, the Company announced that New World Inc., has successfully tested 1 million simultaneous users within the app platform.

  • On August 25, the Company completed the acquisition of Optimum Coin Analyser.

To recap, in the last couple of quarters Graph's business model accelerated with the successful onboarding of Babbage Mining Corp., a Proof of Stake ("POS") miner, Beyond the Moon Inc. an IDO focused company and New World Inc. with its NFT Platform and hitting many milestones for the company and setting up Graph for the future in Decentralized Finance.

Outlook

The Company remains focused on the expansion of its POS Mining and NFTs businesses in 2021, with the Company expecting to see growth in second half of 2021 with the POS of new altcoins and the signing onto the New World Inc. with its NFT Platform of new creators, musicians, and celebrities.

NFTs have exploded in popularity in 2021, soaring to an impressive $2.5 billion in sales volume in the first half of 2021. While NFTs are undoubtedly experiencing exponential growth, NFTs are still very early on in acceptance and is yet to break into the mainstream with collectors.

The future of Altcoins is bright with the sky-high price of Bitcoin, Altcoins have become a viable investment option. With the scalability in Altcoins or cryptocurrencies is one of the most important features because the more scalability in these cryptocurrencies, the higher the growth rate of that cryptocurrency.

About Graph Blockchain Inc.

Graph Blockchain provides shareholders with exposure to various areas of Decentralized Finance. Focusing on altcoins through its wholly owned subsidiaries Babbage Mining Corp., a Proof of Stake ("POS") miner, and Beyond the Moon Inc., Graph gives investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains altcoins represent. Additional information on the Company is available at www.graphblockchain.com and www.babbagemining.com.

For further information, please contact:

Investor Relations
Jamie Hyland
Phone: 604.442.2425
Email: jamie@graphblockchain.com

Media Relations
Joshua Greenwald/Rich DiGregorio
Phone: 646.379.7971/856.889.7351
Email: gblc@kcsa.com

Neither the Canadian Securities Exchange (the "CSE") nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward- looking statements contained herein include, but are not limited to, statements regarding: the continued growth of the blockchain market. Forward-looking information in this news release are based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the potential inability of New World to continue as a going concern; the risks associated with the blockchain industry in general; increased competition in the blockchain market; the potential future unviability of the blockchain in general. Readers are cautioned that the foregoing list is not exhaustive. Readers are further 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 placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

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.

Financial Outlook

This news release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the second half of 2021 and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed in this press release and assumptions with respect to market conditions, pricing, and demand. The actual results of the Company's operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading "Forward-Looking Statements", it should not be relied on as necessarily indicative of future results.

###

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/94906

News Provided by Newsfile via QuoteMedia

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Bitcoin and Ethereum price update

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Today's crypto news to know

Analysts confirm crypto bear market

Recent market analysis suggests the cryptocurrency market has been experiencing a bear market cycle. Bitcoin's price has been below its 200-day simple moving average (SMA) since March. The 200-day SMA is a key metric used to identify trends in Bitcoin’s price movements and potential market cycles.

“The 200DMA model on bitcoin does suggest that the token’s recent steep decline qualifies this as a bear market cycle starting in late March. But the same exercise performed on the COIN50 index (which includes the top 50 tokens by market capitalization) shows the asset class as a whole has been unequivocally trading in bear market territory since the end of February,” David Duong, global head of research at Coinbase Institutional, said in a note published Monday.

“All of these structural pressures stem from the uncertainty of the broader macro environment, where traditional risk assets have faced sustained headwinds from fiscal tightening and tariff policies, contributing to the paralysis in investment decision making."

The authors of the report urge cautious trading for the next month or so, after which the sentiment could change “rather quickly.” Duong said the market could rebound in the second half of 2025.

A market analysis by Bitcoin researcher Axel Adler Jr also points to potential for price recovery later in the year, noting the increasing dominance of US-regulated exchanges and a recurring bullish technical signal. Reduced supply, noted by analyst Borin Vest, could also contribute to upward price movement.

Janover increases Solana holdings

According to an April 15 announcement from real estate-focused financial technology firm Janover (NASDAQ:JNVR), the company’s Solana holdings have doubled to 163,651.7 after its latest purchase of 80,567 tokens for roughly US$10.5 million.

Janover’s total Solana holdings are now worth about US$21.2 million, including staking rewards.

Janover recently raised approximately US$42 million in a convertible note and warrants sale to bolster its digital asset treasury strategy. This funding round saw participation from investors including Pantera Capital, Kraken, Arrington Capital, Protagonist, The Norstar Group, Third Party Ventures, Trammell Venture Partners and 11 angel investors.

The company intends to utilize the newly acquired capital to enhance its digital asset treasury strategy, including immediate staking of recently purchased SOL to generate additional revenue.

Ripple Labs and SEC appeal paused amid settlement talks

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China faces a regulatory dilemma over seized crypto assets

China’s growing trove of seized cryptocurrencies — confiscated from fraud, money laundering and gambling cases — has become a legal and political hot potato as local governments debate how to convert illicit digital wealth into usable state revenue, Reuters reported.

With crypto trading banned and virtual assets not recognized as legal tender, authorities currently rely on loosely regulated private firms to offload seized tokens on offshore exchanges, raising concerns over transparency, corruption and inconsistent enforcement.

Legal experts, judges and financial authorities are now calling for new national guidelines, including proposals to centralize asset management, establish crypto disposal agencies or even hold confiscated Bitcoin as sovereign reserves — a potential pivot that could reshape China's crypto stance amid broader geopolitical and economic shifts.

OKX ramps up US presence with exchange launch, wallet rollout

OKX, one of the world’s top cryptocurrency exchanges, is making a calculated leap into the US market with a phased rollout of its centralized trading platform and a powerful self-custody Web3 wallet for retail and institutional users.

Spearheading this expansion is newly appointed US CEO Roshan Robert and a fresh San Jose headquarters, signaling the company’s strategic commitment to regulatory compliance and American market penetration.

The exchange offers deep liquidity, low fees and fast execution, while the new wallet — compatible with over 130 blockchains — lets users manage NFTs, tokens and dApps across multiple ecosystems.

OKX is also prioritizing transparency, publishing monthly proof-of-reserves reports verified by third-party auditors to reinforce user trust in its custodial holdings.

Semler Scientific doubles down on Bitcoin despite substantial unrealized loss

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Semler also disclosed a tentative US$30 million settlement with the Department of Justice related to a civil probe, signaling ongoing legal pressures even as it pushes into risky, non-core asset classes.

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Oklahoma pulls out of Bitcoin reserve race after narrow senate vote

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The proposed legislation would have allowed the State Treasurer to allocate up to 10 percent of public fund assets into Bitcoin and other large-cap digital assets, while also exploring staking mechanisms and crypto integration into retirement accounts.

Supporters argued the bill could hedge against inflation and government overreach, but critics raised concerns about volatility, fiduciary responsibility and the need for deeper regulatory safeguards.

With the bill's collapse, Oklahoma joins a growing list of states backing away from crypto investment, leaving Arizona, Texas and New Hampshire as the frontrunners in the race to make Bitcoin a strategic public asset.

Don't forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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Bitcoin and Ethereum price update

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Altcoin price update

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Kraken expands into stock and ETF trading

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During the Monday discussion, Mullin denied accusations of insider selling or “rug pulling,” saying the plunge occurred after exchanges closed positions without notice.

On-chain data revealed that around US$227 million worth of OM was deposited from 17 wallets, with two linked to strategic investor Laser Digital. Arkham data revealed those wallets moved millions of OM to OKX and Binance in the days leading up to the collapse.

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The buy was funded through its at-the-market equity offering as shares fluctuated from -11 percent to +25 percent, demonstrating the firm’s commitment to BTC accumulation even during periods of financial instability. Strategy’s Bitcoin holdings now total around US$45 billion, representing about 2.5 percent of the total BTC supply.

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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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