Blockchain Intelligence Group is First Analytics and Monitoring Company to Support Syscoin, Future-Proof Payments, Tokens, NFT and Asset Transfers
BIGG Digital Assets Inc. subsidiary, Blockchain Intelligence Group, Supports Blockchain Interoperability and Provides a Crypto Intelligence and Compliance Ecosystem
VANCOUVER, British Columbia, Nov. 10, 2021 (GLOBE NEWSWIRE) — BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG, OTC: BBKCF, WKN: A2PS9W), owner of Blockchain Intelligence Group , a global cryptocurrency compliance and intelligence company, announces it is the first blockchain analytics service to fully integrate Syscoin – a third generation blockchain – into its ecosystem. Syscoin is developed by Blockchain Foundry Inc. (blockchainfoundry.com) (“BCF”) (CSE:BCFN).
Syscoin, a proof-of-work blockchain with a hashrate second only to Bitcoin, is a trustless computing platform combining both Ethereum and Bitcoin protocol into one ideal system that will power tomorrow’s innovative distributed applications. The Syscoin network can be thought of as a modular design compared to other smart chains that are monolithic in nature, as Syscoin takes advantage of zero-knowledge-proofs within a rollup-centric roadmap to help scale infinitely in a decentralized manner yet still retain the security of Bitcoin.
“By joining the BitRank Verified ecosystem, we are able to offer compliance and a regulatory framework to Syscoin customers for the first time on a public ledger that brings the same benefits as traditional financial services,” said Syscoin Foundation president and BCF Chief Technology Officer, Jagdeep Sidhu. “These benefits will integrate seamlessly for users all while they hold their tokens in their own digital wallets.”
Blockchain Intelligence Group’s BitRank Verified® solution gives banks and businesses confidence in risk-mitigation and regulatory compliance through real-time transaction monitoring and risk scoring to quickly clear low-risk transactions and investigate high-risk ones. BitRank Verified® enables Syscoin to deliver more interoperability advancements and extend these capabilities to any blockchain that utilizes Zero-Knowledge Proofs.
“Interoperability is the future of blockchain, and as more organizations seek out the benefits of crypto, our solutions are their north star for securing and legitimizing the future of finance,” said president at Blockchain Intelligence Group, Lance Morginn. “Integrating Syscoin is a proof point to the vision we share with our partners: building the future of cryptocurrency’s global adoption and utility.”
This announcement further solidifies Blockchain Intelligence Group’s position as a global leader in blockchain technology search, risk-scoring and data analytics solutions and highlights Blockchain Intelligence Group’s market growth, which included a partnership with XinFin’s XDC Network and Blockchain Foundry, Inc. in Q2 2021.
Learn more about Blockchain Intelligence Group and BitRank Verified® at www.blockchaingroup.io
On behalf of the Board
Mark Binns
CEO
[email protected]
Investor Relations
Victoria Rutherford
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T: 1 480 625 5772
For Press Requests
Matt Eckess
Red Lorry Yellow Lorry for Blockchain Intelligence Group
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T: +1 857 217 2925
About BIGG Digital Assets Inc.
BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG owns two operating companies: Netcoins (netcoins.ca) and Blockchain Intelligence Group (blockchaingroup.io).
Blockchain Intelligence Group builds technology to power compliance and intelligence for the crypto future. Banks and crypto companies depend on our technology to monitor risk from crypto transactions. Investigators and law enforcement quickly identify and track illicit activity. Blockchain Intelligence Group is trusted globally by banks, crypto companies, law enforcement, fintechs, regtechs and governments.
Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified® software at the heart of its platform and facilitates crypto trading via a self-serve crypto brokerage portal at Netcoins.app.
For more information and to register to BIGG’s mailing list, please visit our website at https://www.biggdigitalassets.com. Or visit SEDAR at www.sedar.com.
Forward-Looking Statements
Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or
similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIGG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIGG can give no assurance
that they will prove to be correct. Important factors that could cause actual results to differ materially from BIGG’s expectations include, consumer sentiment towards BIGG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIGG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIGG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
The CSE does not accept responsibility for the adequacy or accuracy of the content of this Press Release.
