3Legs reverse takeover announced this morning with Jim Mellon now at the helm and in control. Placing at 0.355 compared to suspension price of 0.3 and Vela's investment at about 0.2 Great news ....
Blockchan Tech (BTL) in Canada moving again - up another 7% at 74 cents. Vela paid 50 cents recently for their 5% shareholding.
Blockchain Tech news last night BTL Accelerates Its Blockchain Strategy Acquiring Xapcash Technologies VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 16, 2016) - BTL GROUP LTD. (TSX VENTURE:BTL) ("BTL" or the "Corporation") is pleased to announce that it has entered into a binding letter of intent dated effective February 16, 2016 ("LOI") with Xapcash Technologies Inc. ("Xapcash") to complete a business combination, whereby BTL has agreed, subject to certain conditions, to acquire all of the issued and outstanding securities of Xapcash (the "Transaction"). BTL and Xapcash are working together on new blockchain based remittance products utilizing Xapcash's front-end remittance product and BTL's back-end remittance platform (Interbit) to transmit funds globally, efficiently and at significantly reduced costs to users. Of particular importance to the Transaction and the launch of BTL's blockchain remittance solution is the money service business (MSB) registration that Xapcash has obtained in Canada. "This year is of strategic importance to BTL as we aim to penetrate the global remittance market with our blockchain solutions and start building revenues and margin," commented Guy Halford-Thompson, CEO of BTL. "The addition of Xapcash, and its management and blockchain expertise advances this strategy." "This merger with BTL ensures a successful launch of a joint remittance solution and pave the way for more innovative Xapcash/BTL products in the future," said Jackson Warren, Xapcash founder and CEO. "Furthermore, the partnership significantly expands what is already considerable blockchain expertise among the management of BTL, and I am excited to become a shareholder of BTL." BTL will issue additional press releases related to the Transaction, its blockchain remittance solution and related sales and marketing objectives and other material information, as it becomes available. The Transaction The LOI is to be superseded by a definitive agreement ("Definitive Agreement") to be signed on or before March 4, 2016 (or such other date as is agreed by the parties). BTL proposes to acquire all of the issued and outstanding securities of Xapcash pursuant to the terms of the Definitive Agreement, in exchange for 220,000 common shares of BTL. Given that the last closing price of the common shares of BTL prior to the issuance of this press release was $0.67 per share, aggregate consideration payable pursuant to the Transaction is deemed to be $147,400. The Transaction is not a non-arm's length transaction for the purposes of the policies of the TSX Venture Exchange ("Exchange"). The Transaction is conditional upon, among other things: (i) the parties entering into a Definitive Agreement in respect to the Transaction and any collateral issues or matters on or before March 4, 2016; and (ii) the parties receiving all requisite regulatory approval, including the approval of the Exchange, and any third party approvals and authorizations.
Blockchain Tech (BTL) share price very strong in Canada this afternoon
An interview with founder and CEO of StreamTV hxxp://www.viodi.tv/2016/02/08/will-4k-glasses-free-finally-make-3dtv-ready-for-prime-time/
StreamTV Networks ... interesting interview www.bootcamp.com/report.jsp?reportId=4632
For BTL followers, worth going to the BTL website and register for their weekly newsletter to keep up to date on what is going on in blockchain hxxp://blockchaintechltd.com/
Thgis article from the Wall Street Journal on what is going on what looks like the same space as Vela's investment in blockchain ..... well a lot of big names seem to want to get involved it would seem Major Banks Complete ‘Modest’ Blockchain Test Eleven banks successfully tested a private blockchain, exchanging multiple tokens among offices in North America, Europe and Asia over five days, the R3CEV LLC consortium said Wednesday. “I see it as a significant but simple first step in what, hopefully, is many more and larger steps to come,†said Jeff Henderson, CIO of TD Bank Group, one of the 11 participating banks. The test, conducted Jan. 11 to Jan. 15, allowed the banks to connect to a private distributed ledger built on open-source blockchain technology from Ethereum and hosted on a Microsoft Corp.’s Azure cloud. The tokens, or software code representing a theoretical asset, passed between nodes set up by the banks and R3 with no problems, a spokesman for the consortium said in an email. The data about the tokens was intact and the validity of each transaction verified “instantaneously†by all nodes, he said. R3 is a consortium of 42 banks working to design and apply distributed ledger technologies to global financial markets. Part of the appeal of blockchain, the distributed ledger technology that underpins Bitcoin, is the ability to settle transactions in seconds or minutes automatically via computers. This is a faster, potentially more secure settlement process than is used today among financial institutions, where clearing houses and other third-parties validate accounts and identities over a few days. “The test was relatively modest,†Mr. Henderson said. “But it did prove that in a private, controlled environment, the banks can collaborate.†R3 expects to test the blockchain among all 42 member banks this year, the spokesman said. Others participating in the initial test were Barclays BCS +1.34% PLC, BMO Financial Group BMO.T +2.67%, Credit Suisse Group AGCSGN.VX -2.69%, Commonwealth Bank of Australia Ltd.CBA.AU 0.00%, HSBC Holdings HSBA.LN +0.03% PLC, Natixis KN.FR +5.76%, Royal Bank of Scotland Group RBS.LN +2.47% PLC, UBS Group AG, UniCredit SpAUCG.MI -4.64% and Wells Fargo WFC +0.29% & Co. Although the test used technology from blockchain nonprofit Ethereum, “R3 is not necessarily aligning itself with Ethereum,†the spokesman said. “It will be testing multiple technologies in its lab experiments.†The potential for blockchain to make banking and other industries more efficient, and perhaps to upend existing business models, has triggered many partnerships between software vendors, banks and others. The LinuxFoundation announced in Decemberthat it is working with a number of technology and bank giants including International Business Machines Corp.IBM +0.86%, Cisco Systems Inc.CSCO 0.00%, the London Stock Exchange and 17 others–plus R3–to develop an open-source blockchain framework. Visa Inc.V +1.25%, Nasdaq Inc.NDAQ -0.92%, Citi Ventures C -0.84%, Capital One Financial Corp.COF +0.69%, Fiserve Inc. and Orange SAORA.FR +1.23%have invested $30 million in startup Chain Inc.
A great summary of the StreamTV Ultra-D product and what it does / can do Will Glasses-Free 3-D Technology Elevate The Digital Signage Experience? hxxp://www.crn.com/news/components-peripherals/video/300079438/will-glasses-free-3-d-technology-elevate-the-digital-signage-experience.htm The next big thing in digital signage might be a glasses-free 3-D screen, which was demonstrated to CRNtv at CES by digital signage service provider Inception Visual. Inception Visual’s solution, Ultra D, is a glasses-free 3-D format for screens. “It’s all of the things you love about 3-D but you don’t need to wear the glasses,†said Inception Visual CTO Craig Mattson. The technology, which is stunning in person, has the capability to elevate retail and information technology verticals. “We think in digital signage that it’s going to be a big year for glasses-free 3-D because it really makes people say, ‘Wow, what is that?’ And if you’re a retailer it really allows you to get your message across,†Mattson said. With that logic, Mattson hopes the use of Ultra D will lure window-shoppers into stores and create eye-catching experiences in public places where digital signage may serve as maps or advertisements. Ultra D is also available for consumer home televisions, and converts any normal television program into a 3-D experience.
BLOCKCHAIN ..... BTL group news just out BTL Announces Launch of Its Blockchain Remittance Platform (Interbit) at BC Tech Summit VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/18/16 -- BTL GROUP LTD. - (TSX VENTURE: BTL) ("BTL" or the "Corporation") is pleased to announce that it has been invited to showcase its blockchain technology at the BC Tech Summit, January 18th & 19th, 2016 in Vancouver, British Columbia. At the Summit, BTL will be launching Interbit, it's remittance platform, with a live demo showing real-time remittances and displaying the low transaction costs of those remittances. The live Interbit demo will demonstrate the ability of this platform to significantly reduce the cost of remitting funds from Canada to the Philippines and Mexico. In addition, BTL has accepted invitations to meet during the event with a number of companies seeking opportunities to innovate using blockchain technology. BTL seeks to build on its accomplishments by developing strategic business relationships and a client base for its innovative blockchain technologies. "Now that core development of the Interbit platform is completed, BTL will be working on the development of strategic business relationships to embed this platform into broad based remittance products, while expanding the number of countries to which customers will be able to remit money," said Guy Halford-Thompson, CEO of BTL. "Strategically leveraging blockchain technology into our Interbit platform should reduce the cost of remittances by over 80%." BTL has also started development on its second product offering, BTL Digital Asset Management ("DAM"), an immutable data store built on blockchain technology. By leveraging blockchain technology, DAM seeks to provide enterprise level customers secure data manipulation platforms that can be applied to numerous industries. DAM will have many applications, including to auditing, data security, biometric authentication and settlement. With the completion of core development on Interbit and its listing on the TSX Venture Exchange, BTL has achieved the material milestones that it set out for 2015. In 2016, BTL will continue to utilize blockchain technology to build innovative real world applications that will aim to solidify its role as a leader in the continually growing and evolving blockchain sector.