A major company in the iGaming industry that provides blockchain technology to regulated operators, BlockChain Innovations Corp, has signed a letter of intent with Capricorn Business Acquisition for a qualifying transaction as a first step of going public in 2018's third quarter.
This transaction will make BlockChain Innovations the first blockchain-wagering public company to supply solutions to regulated gaming markets in US, Europe, UK and elsewhere around the globe. BCI will utilize the exclusive financial advisor services provided by FMI Capital Advisory who will also be the financial agent completing the capital raise. The operator will be targeting strategic and institutional investors and profits will be used to invest in development of products and technology as well as brand awareness.
As Glob News Wire states, the company will exchange all its issued and outstanding common shared for common shares in the capital of Capricorn and become a wholly-owned subsidiary of Capricorn.
CEO, Matt Stafford commented: “With the US sports betting market opening and the go-public transaction set for the third quarter, BCI can bring it’s gaming-by-design blockchain technology to several regulated gaming markets. I want to extend a sincere thank all our investors for making this milestone in BCI’s history possible.”
BlockChain Innovations develops market-ready blockchain technology for real-money wagering and peer-to-peer gambling operators across the globe. Their blockchain technology has yielded a “fully functional crypto-currency wallet, a tipbot - PebbleGo for easily sending and receiving smart contracts.”
Source:
“Capricorn Business Acquisitions Announces Letter of Intent with Blockchain Innovations”, globenewswire.com, June 21, 2018.
Mojo Jojo 5 years ago
You know whats the most ridiculous amount of fee for a transaction was? €20 worth of Bitcoin, that's outragous high. This is why I would never play or use Bitcoin to pay something. Crypto currencies are unstable and I don't think it would ever be stable. Naw, Bitcoin was an interesting currency but greed ruined it all....
You know whats the most ridiculous amount of fee for a transaction was? €20 worth of Bitcoin, that's outragous high. This is why I would never play or use Bitcoin to pay something. Crypto currencies are unstable and I don't think it would ever be stable. Naw, Bitcoin was an interesting currency but greed ruined it all. I already crossed Bitcoin in my list and I'd stay with the solid currency, cash.
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fredos386 5 years ago
Hopefully the transaction fees will stabilize to a decent level and will stop going in all directions. Paying 21 cent for transactions and then 2 hours later have to pay 4.81$ is complete nonsense and for people having low quantities of bitcoins and such their cryptos become hostage of the high fees.
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jdpennyd 5 years ago
this is very interesting. once the ruling of the SCOTUS is fully put into action all the sports bettors will have many places to play. I hope that other types of gambling follows quickly on this verdicts coat tails. Once the figure out how to tax it it should all fall in line. It sure has been a long time coming.
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