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Bluesky Digital Assets Corp., Announces “Stablecoin” Research and Development Initiative
August 4th, 2020
Toronto, Ontario, August 4th, 2020 – Bluesky Digital Assets Corp., (CSE: BTC), (CSE: BTC.PR.A), (OTC Pink: BTCWF), (“Bluesky” or the “Corporation”) announced today the commencement of its “Stablecoin” program initiative.
Consistent with the company’s previously announced digital asset custody positioning and partnership with Brane Inc. on June 15th of this year; Bluesky has now commenced it’s early stage research and development into a potential diversified market position for Bluesky with a “Stablecoin” offering.
Stablecoins are fundamentally a unique digital currency that is positioned to significantly reduce the traditional volatility of value associated with main stream digital currencies. A Stablecoin can be tied in value and or pegged to standard acceptable backed assets like gold and other precious metals, fiat currency, and commodity based trading instruments.
Bluesky is targeting to have definitive market intelligence over the next quarter that should validate and justify Bluesky’s consideration for a significant investment in executing on a Stablecoin offering.
Bluesky’s CEO Ben Gelfand commented: “Our consistent approach to bring old-school proven business practices and methodology to a fundamentally technology driven vertical in the digital currency space keeps us investigating and moving forward on revenue based opportunities like this Stablecoin initiative. We hope this kind of diversified business approach better positions our stakeholders and shareholders for more stable returns on investment in a highly volatile marketplace.”
The Corporation will make further announcements via press release in regard to the progress of its Stablecoin program as material events occur.
About Bluesky Digital Assets Corp.
Bluesky Digital Assets Corp, is building a high value digital currency enterprise. Bluesky mines digital currencies, such as Bitcoin and Ether, and is developing value-added technology services for the digital currency market, such as digital mining proprietary software. Offering a complete ecosystem of value-creation, Bluesky is targeting reinvesting appropriate portions of its digital currency mining profits back into its operations. A percentage of the profit will be invested in the development of a proprietary Artificial Intelligence (“AI”) based technology. Overall, Bluesky takes an approach that enables the Corporation to scale, and respond to changing conditions, within the still-emerging digital currency industry. The Corporation is poised to capture value in successive phases as this industry continues to scale. For more information please visit www.blueskydigitalassets.com
For further information please contact:
Mr. Ben Gelfand
CEO & Director
Bluesky Digital Assets Corp.
T: (416) 363-3833
E: ben.gelfand@blueskydigitalassets.com
Mr. Frank Kordy
Secretary & Director
Bluesky Digital Assets Corp.
T: (647) 466-4037
E: frank.kordy@blueskydigitalassets.com
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.
press release archives
2020 Q3 PRESS RELEASES
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August 4th, 2020
Bluesky Digital Assets Corp., Announces “Stablecoin” Research and Development Initiative
2020 Q2 PRESS RELEASES
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June 15, 2020
Bluesky Digital Assets Corp., Announces Partnership with Canadian Digital Asset Custody Company Brane Inc.
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Bluesky Digital Assets Corp., Provides an Update on Share Consolidation
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Bluesky Digital Assets Corp., Announces Joint Venture
2020 Q1 PRESS RELEASES
March 02, 2020
Bluesky Digital Assets Corp., Announces Continuing Scale of its Active Mining Assets
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Bluesky Digital Assets Corp., Announces a $1,000,000.00 CDN Convertible Debenture Financing to Further Expand its Digital Mining Operations
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Bluesky Digital Assets Corp. Provides Update on the Continued Expansion of its Digital Mining
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December 02, 2019
Bluesky Digital Assets Corp., Assigned BTCWF As Its OTC Markets Trading Symbol
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Gunpowder Capital Corp., Announces Name Change to Bluesky Digital Assets Corp.
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Gunpowder Capital Corp., Closes Fourth Tranche of its Non-Brokered Private Placement of Units
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Gunpowder Capital Corp., Completes the sale of another London based property. Invests proceeds from the sale into the Corporation’s Digital Assets Division.
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Gunpowder Capital Corp., Completes the sale of two of its London based properties. Invests proceeds from the two sales into the Corporation’s Digital Assets Division.
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Gunpowder Capital Corp., Appoints Ms. Evelin Wong as CFO, Grants Stock Options
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Gunpowder Capital Corp., Provides Update on the Expansion of the Corporation’s Fully Owned Digital Assets Subsidiary
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2019 Q3 PRESS RELEASES
September 30, 2019
Gunpowder Capital Corp., Announces Resignations of Director and CFO
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September 13, 2019
Gunpowder Capital Corp., Announces Change of Auditor
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September 04, 2019
Gunpowder Capital Corp., Appoints Ben Gelfand as Chief Executive Officer
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August 29, 2019
Gunpowder Capital Corp., Closes Third Tranche of its Non-Brokered Private Placement of Units, Enters Into Loan Agreement, Settles Debt.
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July 11, 2019
Gunpowder Capital Corp., Expands Cryptocurrency Operations
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2019 Q2 PRESS RELEASES
May 30, 2019
Gunpowder Capital Corp., Completes the Sale of two of its Windsor based properties, Invests all proceeds from the sale into MethodeVerte Inc., the Corporation’s fully owned Cryptocurrency Subsidiary.
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May 27, 2019
Gunpowder Capital Corp., Appoints Anthony R. Pearlman as President and COO of Crypto Mining Subsidiary.
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May 22, 2019
Gunpowder Capital Corp., Forms Cryptocurrency Subsidiary and Commences Cryptocurrency Operations.
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May 13, 2019
Gunpowder Capital Corp., Closes $257,000.00 CDN Second Tranche of its Non-Brokered Private Placement of Units, Increases Size of Offering to $5,000,000.00 CDN.
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2019 Q1 PRESS RELEASES
March 22, 2019
Gunpowder Capital Corp., Signs an LOI to Commence a Joint Venture Commercial Hemp Production Farm With Grange Conservation LLC.
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March 13, 2019
Gunpowder Capital Corp., Invests $240,000.00 CDN into Franchise Holdings International Inc., (OTCQB: FNHI).
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March 11, 2019
Gunpowder Capital Corp., Loans $100,000.00 CDN To A Construction Services Company.
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March 04, 2019
Gunpowder Capital Corp., Announces a $1,500,000.00 CDN Non-Brokered Private Placement of Units.
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February 28, 2019
Gunpowder Capital Corp., Enters into a strategic relationship with Hemp Inc., (OTC PINK: HEMP) with the purpose of entering into the Industrial Hemp Industry in the United States.
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February 20, 2019
Gunpowder Capital Corp., Completes the Sale of its Fifth USA Home Rehabilitation Property.
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February 07, 2019
Eighteen Fifty Equity Inc., Engages Gunpowder Capital Corp.
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February 01, 2019
Gunpowder Capital Corp., Receives $102,750.00 CDN in Compensation, Makes Strategic Investment, Settles Debt.
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January 08, 2019
Gunpowder Capital Corp. Provides Update on Acquisition of Koch & Gsell AG.
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January 03, 2019
Gunpowder Capital Corp., Declares Quarterly Dividend.
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January 02, 2019
Gunpowder Capital Corp., Enters Letter of Intent to Acquire The Manufacture of The World’s First Tobacco-and-Hemp Cigarette, Koch & Gsell AG of Switzerland.
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