Digital Currencies

Ether Capital Celebrates Ethereum’s Long-Awaited Transition to Proof of Stake

Ether Capital Corporation (“Ether Capital” or the “Company”) (NEO: ETHC) is proud to report a successful Ethereum Merge — a pivotal upgrade that has resulted in a 99.95% more energy-efficient, secure and scalable blockchain. Since Ether Capital’s inception, its core thesis has been that Ethereum is, and will continue to be, one of the most important assets of our generation. The Company has always believed that the transition to Proof of Stake would further cement adoption of Ethereum as the platform of choice for the next generation of the Internet, or Web3.

This upgrade has been a fundamental part of the protocol’s roadmap from day one and when we launched Ether Capital in 2018, we had conviction that the Merge would act as a main catalyst and driver for future adoption. This sets the stage for a more powerful and scalable blockchain that can handle trillions of dollars’ worth of activity.

The Merge took effect on September 15, which resulted in Ethereum overhauling the way it approves transactions. The protocol switched from Proof of Work (mining) to a more eco-friendly form of validation called Proof of Stake. As a result, Ether holders can validate and secure the network by staking (locking up) their assets and generating yield in the form of new Ether.

This transition reinforces Ether Capital’s decision to allocate a large portion of its 44,000+ ETH balance to staking while continuing to be a net accumulator of Ether. The Company was also the first public entity in the world to stake a substantial amount of Ether (20,000+ ETH) and generate more than CAD$1.4 million in Staking Rewards for the first half of 2022.

“This is a major achievement for the Ethereum community and the entire crypto industry,” said Brian Mosoff, CEO of Ether Capital. “The transition to Proof of Stake allows Ethereum to act as a secure base-layer for future activity related to finance, identity and ownership. As a result of the Merge, developers have democratized the validation process and it no longer comes at the expense of the environment; something that attracts new investors and will ultimately benefit Ether Capital shareholders.”

Ether Capital also believes the competitive landscape has shifted as a result of Ethereum’s switch to Proof of Stake. “Competing Layer-1 blockchains can no longer use Proof of Stake as a selling feature over Ethereum, so we’ll begin to see their value propositions erode,” said Mr. Mosoff. “It makes it more difficult for these protocols to attract users who place their trust in Ethereum because of its sound infrastructure.”

This is the first time we have witnessed a blockchain transition from Proof of Work to Proof of Stake, something that Ether Capital’s CTO Shayan Eskandari considers to be one of the most technically complex upgrades in software history.

“There is currently more than US$300 billion worth of combined value between the native protocol and the activity it’s securing, so a technical misstep was not an option,” said Mr. Eskandari. “Years of testing and research have gone into this upgrade that took place in a matter of seconds. The Merge is a defining moment for the industry and allows our Company to focus on supporting Ethereum at the protocol level. With a successful Merge under our belt, we are one step closer to seeing the platform’s full potential as a global coordination network that can evolve to meet the needs of future generations.”

Ethereum developers have indicated they will focus on scalability, improving the blockchain’s throughput and lowering transaction costs in the coming months. Ether Capital is closely monitoring activity on Ethereum post-Merge and will update the market in due course on business decisions as it relates to Proof of Stake and other upgrades.

About Ether Capital Corporation

​​Ether Capital (NEO: ETHC) is a public technology company with a long-term objective to become a central business and investment hub for the Ethereum ecosystem. The company has invested the majority of its balance sheet in Ethereum’s native utility token “Ether” as a core strategic asset and yield-generating instrument. The company is focused on building institutional-grade financial infrastructure that supports the Ethereum blockchain and delivers corporate value. Ether Capital’s management team and Board of Directors are comprised of crypto natives, leading venture capitalists and capital markets experts, which uniquely positions the company to identify and capitalize on opportunities in the digital asset ecosystem. For more information, visit http://ethcap.co.

The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained on this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement, or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information contained in this document is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice and neither Ether Capital Corporation, nor any of its affiliates, will be held liable for inaccuracies in the information presented.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements in regard to the Ethereum ecosystem. The Company cautions the reader not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Generally, but not always, forward-looking information 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,” “on pace,” “anticipates,” or “does not anticipate,” “believes,” and similar expressions or state that certain actions, events or results “may,” “could,” “would,” “should,” “might,” or “will” be taken, occur or be achieved.

Forward-looking statements are based on information available to management at the time they are made, management’s current plans, estimates, assumptions, judgments and expectations. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties; market volatility of Ether, uncertainties in regard to the development and acceptance of blockchain technology (including Proof of Stake and Ethereum 2.0), and the Ethereum platform and anticipated timing and impact of the Ethereum network upgrade, timing and terms of proposed transactions related to non-core asset dispositions, assumptions and judgements related to fair value estimates, and the other risk factors discussed in the Company’s Annual Information Form dated March 23, 2022, the Risk Factors section in its most recently filed management’s discussion and analysis, the Risk Factors section in its Supplement and Base Shelf Prospectus and its other filings available online at www.sedar.com. Although the forward-looking information contained in this press release is based on assumptions that the Company believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. In addition, the Company cautions the reader that information provided in this press release is provided to give context to the nature of some of the Company’s future plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws.

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iMining Arranges Private Placement

iMining Technologies Inc. (TSXV: IMIN) (the “Company” or “iMining”) announces that it has arranged a non-brokered private placement of up to $1,000,000 (the “Financing”) through the issuance of up to 11,764,705 units (the “Units”) at a price of $0.085 per Unit. Each Unit will be comprised of one common share and one common share purchase warrant (“Warrant”), with each Warrant entitling the holder to purchase one common share of iMining at a price of $0.21 per share for a period of 2 years, provided that in the event the closing price of the Company’s Shares is equal to or greater than $0.40 per share for 20 consecutive trading days, the Company may, by notice to the Warrant holders (which notice may be by way of general news release), reduce the remaining exercise period of the Warrants to not less than 30 days following the date of such notice.

Interested parties may contact the Company at investor@imining.com.

The proceeds of the private placement will be budgeted as follows:

Execution of mining infrastructure powered by Natural Gas$750,000
Marketing and other related activities$100,000  
Financing costs, filing and legal fees, commissions and G&A$150,000 
Total$1,000,000 

There is no material fact or material change about the Company that has not been generally disclosed.

Finders’ fees may be payable on this financing.

All securities issued pursuant to the Private Placement are subject to a hold period of four months plus one day from the date of issuance and the resale rules of applicable securities legislation. The closing of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory, including the approval of the TSX Venture Exchange

About iMining Technologies Inc.

iMining is a publicly listed Web3.0 technology company developing technology for Crypto Mining, Decentralized Finance (“DeFi”) and Non-Fungible Tokens (“NFT”). iMining also owns BitBit Financial Inc., an ATM Network and crypto OTC Trading Platform for individual and institutions.

iMining investments are directly linked to the Bitcoin Mining, Crypto Trading, Decentralized Finance (“DeFI”) and Metaverse Non-Fungible Tokens (“NFTs”). With diverse blockchain investment and infrastructure solutions, iMining looks to be a leader in accelerating the growth of Web3.0 for the enterprise market. The Company’s operations include secure and sustainable cryptocurrency payments, staking, mining and digital asset investment designed for the scale and compliance requirements of institutional clients. iMining is committed to building strong global blockchain ecosystems and supporting inclusive access to digital tools and technologies.

ON BEHALF OF THE BOARD

Signed “Khurram Shroff“
Khurram Shroff, President & CEO

FOR FURTHER INFORMATION, please contact:
iMining Corporate Offices:
Saleem Moosa, Director
Email: investor@imining.com
Telephone: +1 (844) IMININC (464-6462)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management’s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

MONI Launches BitGift® with Instant ACH Settlement Powered by Sardine, Streambird, Magic, and Stytch

Moon Equity Holdings Corp. (OTC symbol MONI) The long-anticipated launch of BitGift® has now taken place; the first phase of our platform is now available to users in the United States with the temporary exceptions of New York and Hawaii. BitGift® was designed with an industry-brand-new ability to choose, store, send, and receive cryptocurrencies as a gift. BitGift® currently offers the following cryptocurrencies to be sent as gifts: BTC (Bitcoin), SOL (Solana), and certain Ethereum-compatible coins such as ETH (Ethereum), AVAX (Avalanche), MATIC (Polygon), and more. BitGift® offers its own hot wallet which supports storage for all aforementioned coins, and more coming soon. BitGift® is in the process of creating an enhanced hot wallet which will accommodate over 2,000 additional coins that will be coded for use in accordance with anticipated demand from our customers. BitGift® is currently working on integrating additional Ethereum, Bitcoin, and Solana groups of coins for use in the hot wallet which will be available shortly. Our programmers are also in the process of developing a BitGift® mobile application which will soon be made available for iOS and Android users. Gifting crypto on our website and mobile app will be a seamless experience for all users. Social media and marketing efforts have already been underway to build the BitGift® brand and to expand its user base. BitGift® is currently seeking additional partners and has plans for global expansion within North America, as well as expanding to South America, Europe & Asia. Visit our website to send a BitGift® now to your friends and family:

https://theBitGiftcard.com/

In April 2022, MONI contracted with Blue Monkfish, a web design and digital product photography agency, to design, build, and manage the BitGift® website. The CEO of Blue Monkfish, Danny Sing, has been instrumental in forming several alliances for BitGift®. As a result, the BitGift® platform is now powered by and leveraged through Sardine, Streambird, Magic, and Stytch. The encryption security protocols for BitGift® are all controlled and implemented through Sardine, Streambird, Magic, and Stytch.

MONI, through BitGift®, has contracted with Sardine, which is a platform that provides risk-free ACH, with instant fund settlement. The payment system for BitGift® is powered by Sardine. As stated on Sardine’s website, “[Their] team built the fraud prevention and compliance infrastructure that scaled both Coinbase and Revolut,” “fought ghost-riding at Uber, and built fraud protection for Bolt and PayPal.” With Sardine’s technology, BitGift® users will never have to worry about fraud; additionally, users will be able to process “fund settlement[s] without the wait times [for] bank payments, international remittances, virtual cards, and crypto,” as well as benefit from more payment options. BitGift® takes on full liability for chargebacks and returns. There will be instant account funding and payments using bank ACH that is regulatory compliant with instant bank ACH to crypto purchase. This BitGift® payment system is built for the Fintech Industry. Based on information existing from fighting fraud at the world’s leading crypto and fintech companies, we have built a product that you can use with peace of mind. Sardine is licensed through BitLicense through the Department of Financial Services (DFS) and the Financial Action Task Force (FATF) Travel Rule.

https://www.sardine.ai/

BitGift® has also contracted with Streambird, which provides top-of-the-line infrastructure tools for developers. Streambird will supply BitGift® with the ability to create a seamless and secure experience for our users to interact with our product. BitGift® chose to integrate our hot wallet through Streambird so we can provide our users with flexibility. Users will have the ability to move their assets from the BitGift® platform into other personal wallets if they desire. Streambird provides BitGift® with “one API & SDK for passwordless auth[entication], wallet login, wallet creation, key management & KYC.” Streambird’s API is used to “streamline [developer’s] Web3 user onboarding using [their] unified future-proof identity infrastructure;” it also enables developers to utilize “an email, phone number, or social login” so that users can seamlessly create and access their BitGift® account. All of these enhanced features are what help make BitGift® one of the most seamless, safest, and highest-security encryption platforms for sending and receiving crypto.

https://streambird.io/

BitGift®, through Streambird, is powered by Magic, which is the “#1 user authentication and private key management solution for Web3 and Web2.” Magic provides “secure and seamless Web3 experiences”, such as simple onboarding, unified wallet UX, secure transaction and wallet management, and more. Further, Magic boasts compatibility with 30+ programming languages and 20+ blockchains. Additionally, they have amassed over 91 thousand developers who support over 9 million users. Through the use of passwordless authentication (also known as “magic links”), Magic provides “enterprise-grade security and compliance” to their end users which ensures “peace of mind without using passwords, seed phrases, solving crypto adoption key challenges,” and more, which further enforces account security.

https://magic.link/

“Magic encrypts all of its databases, snapshots, automated backups and replicas with the industry-standard AES-256 encryption algorithm. The encryption and decryption are done automatically when data is written and read from the data storage.” “Magic is regularly audited by NCC Group as well as internal and contract security professionals.”

https://magic.link/docs/home/security

“The NCC Group is an information assurance firm headquartered in Manchester, United Kingdom. Its service areas cover software escrow and verification, cyber security consulting and managed services. NCC Group claims over 15,000 clients worldwide.” The NCC Group has “a significant market presence in North America, the UK, continental Europe and a rapidly growing footprint in Asia Pacific.”

https://www.nccgroup.com/uk/
https://www.nccgroupplc.com/what-we-do/at-a-glance/

Finally, BitGift® will be contracting with Stych, which also “provides simple and secure passwordless authentication solutions.” “Stytch is compliant with a range of industry standards and frameworks,” and they “[maintain] a SOC 2 type II report attesting to the company’s compliance with the AICPA’s Trust Service Criteria.” “Stytch is compliant with the Health Insurance Portability and Accountability Act [HIPAA] as a business associate.” “Stytch is committed to complying with and helping its customers comply with the General Data Protection Regulation (EU 2016/679 GDPR) and California Consumer Privacy Act (2018 CCPA).”

https://stytch.com/
4 Ways to use Stytch’s Embeddable Magic Links
https://stytch.com/docs#security_compliance

Now anyone can “Give the Gift of Investment” through BitGift®, which converts hard currency into crypto by sending funds through a safe and efficient manner that is very secure and reliable. With BitGift®, users can utilize their gifted funds to invest in and accrue value on any cryptocurrencies of their choosing that are offered on the BitGift® platform. They will also have the ability to use their BitGift® digital hot wallet to make purchases anywhere that gift cards are accepted. BitGift® is Moon Equity Holdings Corp’s first revenue-generating product delivered through its newly created platform.

“A lot of work went into the integration of Sardine, Streambird, Magic, and Stytch in union with the BitGift® platform. The platform has now been completed, and the company can now move forward with putting itself in position to generate significant revenues,” said Mr. Sing, CEO of Blue Monkfish. Sardine expects the use of credit cards to be available as an additional payment method in the coming weeks. Soon, BitGift® users will have the ability to cash out from their BitGift® hot wallet and transfer the funds to their debit/credit card in the near future, which will be powered by Sardine. BitGift® will be providing 24-hour email-based customer service to all users, and will offer as close to an immediate response as possible for our customers.

MONI will generate revenues from the standardized service fees that will be received every time somebody sends a gift through BitGift® or uses any one of its other featured products through the platform. Each service fee consists of a 50/50 split between Sardine and MONI that is estimated to range from a minimum of .50 to $1.50 per transaction for each company for each of the products and services provided. The company expects a high transaction rate of its products and services daily. The company expects to achieve its first milestone of selling 100,000 cards in short order. The second milestone will be to sell over 500,000 cards. The third milestone will be to sell over 1,000,000 cards annually and have over one million annual users. The company believes that it will have at least a 70% net profit margin from the revenues generated, because its operation is automated. A global marketing program is being put in place to make sure these milestones are achieved. The minimum amount of $50 and the maximum amount of $2,000 will be allowed for each BitGift® transaction to go into newly created wallets. Users will be allowed to do as many $2,000 transactions as they desire.

A large variety of additional products are on track to be released soon, now that the platform has been created. Currently, BitGift® allows users to utilize a hot wallet within their account which acts as liquid online storage. Additionally, BitGift® plans to implement another new feature that will allow users to turn in old, unused gift cards for crypto; this means that unused gift card balances will be provided to users for conversion into their choice of any cryptocurrency that is offered through the BitGift® platform. Finally, BitGift® has plans to roll out yet another new feature called MONI Pay™, which will enable users to pay personal bills through a correlated BitGift® account. These are just a few of many features that BitGift® has in store for the future as it works to create a diversified platform and seamless experience for its users.

BitGift® is the new way to gift crypto. Additional plans to introduce a rewards program, featuring BitRewards™, are underway. Soon, we will offer users an option to obtain their own cold wallet through our rewards program. This new program will make BitGift® available virtually everywhere. Once implemented, BitGift® users will be able to utilize Participating Partner’s BitRewards™ through the BitGift® platform; meaning, any rewards gained through vendors will be offered to the user for the option of conversion into cryptocurrency investments on our platform. Therefore, BitGift® will enable users to spend hard currency in exchange for tokens as a reward which can be converted into cryptocurrency investments on the BitGift® platform.

Our rewards program developers are currently seeking partnerships with a variety of vendors which can include but is not limited to: Hotels, Casinos, Cruise Lines, Retail Stores, Restaurants and many other merchants, which will offer BitRewards™ in return for the purchases of their goods and services. MONI is currently in the process of creating a token for the BitRewards™ program that will be backed by Ethereum at the value of $1.00 per token. The token will be available for purchase through BitGift® and will be obtainable through our BitRewards™ program. Additionally, a Visa debit card will be provided as an option to users as a physical replacement for their hot wallet, should they want a virtual and physical experience.

Many times, consumers wish to invest in crypto but don’t have the time or money. BitGift® will be the first of its kind in the global marketplace to simplify the crypto experience by offering digital tokens which transform vendor reward points into cryptocurrency investments. The BitGift® platform will be available for New York & Hawaii state residents sometime within this fourth quarter of 2022, but is currently available throughout the US in its entirety. Stay tuned for future updates through PRs, our websites, and social media sites below:

https://thebitgiftcard.com/
https://moonequityholdings.com/
https://www.instagram.com/thebitgiftcard/
https://twitter.com/moon45184976?lang=en

Safe Harbor Statement

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission.

Forward-Looking Statements

This press release may contain forward-looking statements, including information about management’s view of Moon Equity Holdings Corps. future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Moon Equity Holdings Corps subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on future results of Moon Equity Holdings Corp. The forward-looking statements included in this press release are made only as of the date hereof. Moon Equity Holdings Corp. cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Moon Equity Holdings Corp. undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Moon Equity Holdings Corp.

Contact us at:
Info@moonequityholdings.com