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Blockchain Foundry Inc. (BLFDF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.1315-0.0018 (-1.35%)
At close: 9:38AM EDT
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Previous Close0.1333
Open0.1315
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.1315 - 0.1315
52 Week Range0.0200 - 0.5779
Volume13,000
Avg. Volume11,731
Market Cap9.611M
Beta (5Y Monthly)4.30
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Blockchain Foundry Announces Renewal of Blockchain Development Agreement with the LODE Community

    THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR RELEASE, PUBLICATION OR DISSEMINATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. TORONTO, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, has renewed its blockchain development agreement (the “Agreement”) with the LODE Community (“LODE”). The Agreement commenced on August 3, 2020 and is valued at approximately C$90,000.The Company’s initial agreement with LODE was announced in February 2019 and more information can be found in the Company’s news release dated February 14, 2019.   About Blockchain Foundry Inc.          Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses.Blockchain Foundry Contact Information:Chris Marsh President cmarsh@blockchainfoundry.co (647) 330-4572Forward-Looking InformationCertain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements,” which may not be based on historical fact. Wherever possible, words such as “will,” “plans,” “expects,” “targets,” “continues,” “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or “might,” and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.

  • GlobeNewswire

    Blockchain Foundry and Matic Network Establish Partnership to Research Blockchain Interoperability

    THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR RELEASE, PUBLICATION OR DISSEMINATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. TORONTO, July 29, 2020 (GLOBE NEWSWIRE) -- Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, is pleased to announce that it is partnering with Matic Network (“Matic”) to explore interoperability between the Syscoin and Matic networks.Matic and BCF’s Syscoin Ethereum bridge both provide scalability for the Ethereum network but approach it in different ways; Matic via sidechains and BCF via the trustless Syscoin Ethereum bridge which allows for scalable transactions. The two projects are complementary, and as partners, Blockchain Foundry and Matic will collaborate on research initiatives, joint ventures, and marketing and business development focused initiatives.“Scalability solutions each have their own approaches and advantages; collaboration is the key to the long-term success of the blockchain industry. By combining the scalability advantages of Matic Network and Syscoin, together we will be able to usher in a new era of true scalability for Ethereum-based DApps. We at Matic Network look forward to working with Syscoin to provide the infrastructure to enable the global Ethereum ecosystem to flourish and thrive,” said Sandeep Nailwal, COO of Matic Network.“With this partnership, we are tackling blockchain scalability through two complementary strategies. Matic Network provides a solution to the increasing congestion on the Ethereum mainchain. With our recently launched trustless Syscoin bridge to Ethereum, ERC20 tokens can hop over to Syscoin and benefit from its already scalable network for payments. The combination of all three networks (Syscoin, Ethereum & Matic) provides a powerhouse blockchain solution that developers can trust to fully scale their project,” said Dan Wasyluk, CEO of BCF.About Blockchain Foundry Inc.Blockchain Foundry Inc. (CSE:BCFN) is a global blockchain consulting and development firm. The company specializes in blockchain solutions and smart contracts for enterprise clients. Blockchain Foundry also develops and commercializes decentralized ledger technology like Syscoin.About MaticMatic Network Pte. Ltd. is a decentralized scalability platform solution using an adapted version of the Plasma framework that empowers Ethereum-based DApps with the high-speed and extremely low-cost transactions required to achieve mass adoption. With 60+ DApps building on their network already, Matic Network is one of the most widely adopted DApp platforms in the industry.The Matic Network blockchain achieves finality using PoS checkpoints which are pushed to the Ethereum mainchain. This enables a single Matic sidechain to theoretically achieve 65,535 transactions per block, and possibly millions of transactions on multiple chains in the future.Blockchain Foundry Contact Information:Chris Marsh President cmarsh@blockchainfoundry.co (647) 330-4572Forward-Looking InformationCertain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.

  • GlobeNewswire

    Blockchain Foundry and Binance Establish Partnership to Issue BUSD Stablecoin on the Syscoin Network

    THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR RELEASE, PUBLICATION OR DISSEMINATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. TORONTO, July 23, 2020 (GLOBE NEWSWIRE) -- Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, is pleased to announce that it is partnering with Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, to release BUSD, a stablecoin issued by Binance and Paxos, on the Syscoin network.BUSD is an ERC-20 token on the Ethereum network that is pegged 1:1 to the value of USD. BCF will use its Syscoin Ethereum bridge technology to create a Syscoin Platform Token (“SPT”) which will be fungible with BUSD and will allow BUSD users to take advantage of Syscoin’s fast, scalable and low-cost transactions while also preserving the ability to leverage Ethereum’s smart contract functionality.This collaboration will also explore the potential to bridge Syscoin, and other blockchains, to Binance Smart Chain (“BSC”) in support of BUSD and other Binance chain tokens. Additionally, BCF will explore a potential Bridge as a Service (“BaaS”) product which will further enhance the existing Decentralized Finance (“DeFi”) offering with near-instant cross-chain bridging and simplified SDKs for wider adoption.The outcome of these initiatives is to determine if and how Syscoin could be used by BUSD to provide improved security, scalability, and cost-efficiency benefits.“Stablecoins are increasing in popularity and, as one of the market leaders in this ecosystem, Binance is always looking for ways to scale BUSD and improve public adoption. Our collaboration with Blockchain Foundry will allow BUSD to be used on the Syscoin platform and the Syscoin Ethereum bridge,” said Samuel Lim, Binance’s Chief Compliance Officer.The third-party blockchain auditing firm, Whiteblock Inc., has tested the scalability of Syscoin’s Z-DAG scaling technology. The audit report shows that Syscoin’s network can provide a burst capacity of 60K TPS (transactions per second) and a peak of 140K TPS. For more information on Z-DAG and the Whiteblock audit please refer to BCF’s press releases dated May 8, 2019 and May 22, 2019.Blockchain Foundry recently launched the Syscoin Ethereum bridge, a DeFi application. The bridge enables ERC-20 tokens to move back and forth between the Syscoin and Ethereum blockchains. Powered by a series of Ethereum smart contracts and Simple Payment Verification (“SPV”), the bridge is trust-minimized, does not require the use of counterparties, and has no liquidity limitations. For more information on the Syscoin Ethereum bridge please refer to BCF’s press release dated January 29, 2020.“The Syscoin Ethereum bridge was designed specifically to help provide Syscoin’s benefits of fast, scalable, and low-cost transactions to tokens on other blockchain platforms. We’re excited to partner with Binance to demonstrate the platform benefits and cost savings this technology can bring to BUSD and other ERC-20 projects,” said Dan Wasyluk, CEO of Blockchain Foundry.Stablecoins are a growing source of network congestion on the Ethereum network today. This congestion creates expensive transaction fees and slow settlement times. By leveraging blockchain interoperability bridges, ERC-20 stablecoin projects can substantially reduce transaction costs and improve speed.In a cost comparison between Ethereum and Syscoin transaction fees, ERC-20 projects can save their users thousands of dollars by reducing costs with the Syscoin blockchain. Blockchain Foundry will work with Binance to explore ways of bringing Syscoin’s cost-savings and many more features to BUSD users.Syscoin, launched in 2014, is a merge-mined blockchain backed by Bitcoin’s security model and a large percentage of its hash rate. Syscoin features Blockchain Foundry's patent-pending technology ZDAG (Zero Confirmation Directed Acyclic Graph). Z-DAG provides settlement times in less than 10 seconds with low fees, even as blocks become full.About Blockchain Foundry Inc.Blockchain Foundry Inc. (CSE:BCFN) is a global blockchain consulting and development firm. The company specializes in blockchain solutions and smart contracts for enterprise clients. Blockchain Foundry also develops and commercializes decentralized ledger technology like Syscoin.About BinanceBinance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.comBlockchain Foundry Contact Information:Chris Marsh President cmarsh@blockchainfoundry.co (647) 330-4572Forward-Looking InformationCertain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.