New applications of Blockchain: Future of Big Tech still bright in Web 3.0

The current web architecture, Web 2.0, may well be user-friendly and familiar, but there is plenty of indication that this formula is starting to break down, giving way to a new internet. The greatest concern about Web 2.0 has been the centralised control over data: at the moment, ‘Big Tech’ companies like Google and Facebook act as central databases for a vast amount of user information.

The advent of new technologies is allowing for decentralisation, bringing about marked disruption. In 2018, we saw the start of scrutiny over the way tech companies deal with user data. In Europe, the implementation of the General Data Protection Regulation (GDPR) in the wake of the Cambridge Analytica scandal shows that the public and authorities are sitting up and paying attention. The need for a new internet structure has never been more pressing, so on the horizon now is an environment in which users keep control over their own information: Web 3.0

Technology experts say that Web 3.0 will be powered by blockchain, as the technology is decentralised, therefore user-centric. While users are optimistic about the future of the internet, the Big Tech companies are faced with the challenge of re-inventing themselves to embrace the latest developments and focus on delivering high value and security to their users. Equipped with considerable capital and some of the finest minds in the tech workforce, these companies are uniquely positioned to make the most of the next phase of the blockchain revolution.

Infographic credit to https://101blockchains.com/

In light of this shift, many technology and payment companies are working with projects to develop more sophisticated applications of blockchain. Digital identity systems and smart contracts are among the concepts being intensely explored.

A digital identity is a digital and unique representation of legal identity. As connectivity becomes wider, paper-based identities become inconvenient, inefficient and potentially unsafe. This is one of the most promising areas for blockchain application and can provide a very high use-case value.

The World Economic Forum has already highlighted the need to create a global, borderless and efficient system incorporating all factors that make up an individual’s identity in a single tool: “Today, most identity systems exist in isolation. Different public and private solutions record and maintain identical identity data potentially hundreds of times over, and are not interoperable, creating a significant amount of redundant identity information. This is a waste of resources for the network in question, is difficult to scale and is buried in error- prone and paper-heavy processes.”

Furthermore, digital identities are a far more secure alternative than the current structure. With the ending of a centralised database, breaches and cyber attacks become less frequent and less damaging. Due to the proliferation of data breaches, reliance on weak or leaked login credentials accounted for 81% of data breaches. As digital identities become more mainstream, security measures like passwords and single-factor authentication become outdated.

A blockchain-based system is needed to secure more privacy and security for individuals and corporations over sensitive data. For the next year, the GDPR compliance market will grow by 75%, leaving a huge opportunity for solution makers among the technology companies. Digital identity authentication and validation measures are critical to ensuring web and network infrastructure security in the public and private sectors.

Earlier in May, Microsoft presented a new and an even more concrete concept of digital identities: a DID network built on top of the bitcoin blockchain. Named the Identity Overlay Network (ION), the infrastructure has been reportedly developed to accommodate tens of thousands of operations per second. The system lets users obtain control over their own data via the management of their Public Key Infrastructure (PKI).

Daniel Buchner, senior program manager at Microsoft Identity Division, explained: “Today, the most common digital identifiers we use are email addresses and usernames, provided to us by apps, services, and organizations. This puts identity providers in a place of control, between us and every digital interaction in our lives. Our goal is to create a decentralized identity ecosystem where millions of organizations, billions of people, and countless devices can securely interact over an interoperable system built on standards and open source components.”

Following Microsoft, MasterCard and Samsung announced a partnership to develop secure digital identity beyond passwords. Mastercard said that consumers soon will be able to use a digital identity method for their devices that works for both physical and digital interactions. This method would be used for everything from accessing email to opening a bank account, shopping online or streaming video.

In addition to allowing the emergence of digital identities, blockchain and decentralised technologies are the keys to enabling more efficient ways of managing and integrating global supply chains, especially in the realm of smart contracts. Amazon is reportedly investing heavily in its ‘Managed Blockchain’ service, which was created to help companies set up their own blockchain networks that are scalable and easy to create and manage.

Amazon’s blockchain service is under further development and Microsoft’s digital ID is not yet fully available, but when it comes to companies like these, we can be sure that even more innovation is around the corner.

The Medicinal Cannabis opportunity

As the benefits of medicinal cannabis becomes more evident and more countries are legalising its use for medical purposes, the cannabis market gains more prominence. Cannabis can be alleviate symptoms and aid treatment of many conditions. At least 30 countries and 33 American states have legalised medicinal cannabis.

In the investment side, cannabis companies and licence-holders have become one of the most-watched sector in the market, the so-called 'pot stocks'. because legalisation happened in the UK only in November 2018, the market is still young, leaving room for more opportunities.

Cassiopeia compiled key information for you to start your research and be in the know about the developments in this promising sector.

Cassiopeia Investor Symposium Summer 2019

Cassiopeia Services is pleased to announce the next edition of our Investor Symposia, which will be held at the prestigious Mayfair Hotel, Central London on June 27th 2019 at 6.30pm. Selected companies that should be on every investors watch-list will present their ‘Investment Case’.

Whether you’re a shareholder, investor, investment or industry professional, our symposia are the place for you. Explore new investment opportunities, meet company Directors while taking a proactive approach towards your investments by getting directly involved sourcing information. We facilitate connections and ongoing dialogue between companies, shareholders and market opinion leaders.

Information is of course key to investment and trading.

The Cassiopeia Symposia series consists exclusive events for selected companies and investors to network in an informal and friendly atmosphere in the comfortable surroundings of the Mayfair Hotel.

All investors are welcome to attend the presentations in a relaxed environment where they can meet the company management teams and ask them questions face to face while networking with other existing shareholders and investors to discuss company strategy, plans, developments and value.

Opinion leaders and financial media representatives, market influencers and well-known City traders regularly attend our events.

Companies presenting

Union Jack Oil (UJO): One of the hottest stocks on the London AIM market is small-cap Union Jack Oil (LON:UJO), which should be on any oil & gas investor’s watch list. The company has recently released its encouraging 2018 annual results, which showed increases in the proven reserves, revenue up by 250%, currently standing with a cash balance in excess of £2.5million with high-impact interests in projects in onshore UK. These results have indeed set tongues wagging among investors, sending share prices up.

UJO’s status could soon be magnified by the upcoming results of the appraisal drilling at West Newton, which is considered one of the highest impact onshore projects in the UK. The well has over 70% probability of gas and oil outcome: success here could lead to the delivery of a major onshore gas development, with which the value of the company’s investment would effectively transform Union Jack’s future.

UJO team will be attending the symposium with. Chairman David Bramhill presenting the investment opportunity.

Zenith Energy (ZEN): Zenith Energy (ZEN) is an international oil & gas production company operating the largest onshore oilfield in Azerbaijan, as well as in nine natural gas assets in Italy. Listed on both the Canadian and London Standard Market, Zenith’s strategy is to acquire and develop assets with untapped reserves and existing production. By the end of 2019, Zenith plans on spudding a new well (ZEN-01) and is on production target: 3,000 barrels per day by the close of 2020 to be achieved.

ZEN team will be attending the symposium with CEO Andrea Cattaneo presenting the progress to-date and future upside.

Now is the time to research and invest in oil companies as analysts forecast a new oil price boom on the horizon. Start your research now!

More companies to be announced soon.

Don’t miss this unique chance to talk to the directors of the most-watched companies on the market.

The lucky investor

We like to look after our investors not only during the event but also by offering them the opportunity to participate in our prize draw. Investors attending the Cassiopeia Symposium could win a voucher for a delicious meal-for -two for one of the Mayfair exclusive restaurants.

Registrations via EventBrite on this link.

See you there!

Cassiopeia Investor Symposium Summer 2019

Cassiopeia Services is pleased to announce the next edition of our Investor Symposia, which will be held at the prestigious Mayfair Hotel, Central London on June 27th 2019 at 6.30pm. Selected companies that should be on every investors watch-list will present their ‘Investment Case’.

Whether you’re a shareholder, investor, investment or industry professional, our symposia are the place for you. Explore new investment opportunities, meet company Directors while taking a proactive approach towards your investments by getting directly involved sourcing information. We facilitate connections and ongoing dialogue between companies, shareholders and market opinion leaders.

Information is of course key to investment and trading.

The Cassiopeia Symposia series consists exclusive events for selected companies and investors to network in an informal and friendly atmosphere in the comfortable surroundings of the Mayfair Hotel.

All investors are welcome to attend the presentations in a relaxed environment where they can meet the company management teams and ask them questions face to face while networking with other existing shareholders and investors to discuss company strategy, plans, developments and value.

Opinion leaders and financial media representatives, market influencers and well-known City traders regularly attend our events.

Companies presenting

Union Jack Oil (UJO): One of the hottest stocks on the London AIM market is small-cap Union Jack Oil (LON:UJO), which should be on any oil & gas investor’s watch list. The company has recently released its encouraging 2018 annual results, which showed increases in the proven reserves, revenue up by 250%, currently standing with a cash balance in excess of £2.5million with high-impact interests in projects in onshore UK. These results have indeed set tongues wagging among investors, sending share prices up.

UJO’s status could soon be magnified by the upcoming results of the appraisal drilling at West Newton, which is considered one of the highest impact onshore projects in the UK. The well has over 70% probability of gas and oil outcome: success here could lead to the delivery of a major onshore gas development, with which the value of the company’s investment would effectively transform Union Jack’s future.

UJO team will be attending the symposium with. Chairman David Bramhill presenting the investment opportunity.

Zenith Energy (ZEN): Zenith Energy (ZEN) is an international oil & gas production company operating the largest onshore oilfield in Azerbaijan, as well as in nine natural gas assets in Italy. Listed on both the Canadian and London Standard Market, Zenith’s strategy is to acquire and develop assets with untapped reserves and existing production. By the end of 2019, Zenith plans on spudding a new well (ZEN-01) and is on production target: 3,000 barrels per day by the close of 2020 to be achieved.

ZEN team will be attending the symposium with CEO Andrea Cattaneo presenting the progress to-date and future upside.

Now is the time to research and invest in oil companies as analysts forecast a new oil price boom on the horizon. Start your research now!

More companies to be announced soon.

Don’t miss this unique chance to talk to the directors of the most-watched companies on the market.

The lucky investor

We like to look after our investors not only during the event but also by offering them the opportunity to participate in our prize draw. Investors attending the Cassiopeia Symposium could win a voucher for a delicious meal-for -two for one of the Mayfair exclusive restaurants.

Registrations via EventBrite on this link.

See you there!

Union Jack Oil eagerly awaits promising results from West Newton appraisal

The AIM-listed, small cap company Union Jack Oil (LON:UJO) released its 2018 financial results earlier this week, cheering up shareholders and showcasing promising prospects. In an exclusive interview with oil & gas PR guru Stefania Barbaglio, Union Jack Executive Chairman David Bramhill comments on UJO’s journey and its strategy to build a successful, sustainable, UK-focused onshore hydrocarbon production and development business.

He talked about UJO’s key projects and how they could dramatically change the future of the Company.

With the release of its results, Union Jack has established itself as one of the AIM-listed rising stars in the oil & gas sector. Beyond increasing the proven hydrocarbon reserves and prospective resources of its projects, UJO’s revenue has increased by 250%, standing currently with a cash balance in excess of £2.5million.

David is a very down-to-earth leader. Union Jack has a conservative, safe tried-and-tested approach to its strategy. In terms of financial results and funding for operations, David says: “We are prepared for new prospects.”

The Company is fully funded, debt-free and undertaking an exciting drilling campaign at West Newton 2 appraisal well in the licence PEDL183. PEDL183 is located onshore in the UK, and contains the West Newton A-1 gas discovery, operated by Rathlin Energy, where, according to a 2017 Deloitte CPR, there is in excess of 189 bcfe of 2C Contingent Resources within the Kirkham Abbey Shoal Gas formation, with considerable further potential prospective resource upside for oil within the deeper Cadeby Reef formation.

UJO’s encouraging results could eventually be magnified by the upcoming results of West Newton basin, one of the UK’s highest impact onshore projects. The well has more than a 70% probability of gas and oil outcome: success here could lead to the delivery of a major onshore gas development of which the value of the investment would be Company-changing and effectively transform Union Jack’s future.

“West Newton is a vast and recent discovery. Any results even smaller than the original projections can still be life-changing for Union Jack Oil and the shareholders. 189 bcf is a massive amount of gas,” highlights David Bramhill.

In addition to the West Newton well, UJO owns two other onshore assets in the UK: Wressle Discovery and Biscathorpe wells.

Operations on Wressle are on hold until the hearing for the company to obtain planning permission, which is set to take place later in the year. Commercial production at Wressle could transform UJO into a material cash-generating oil production company and provide net cash flows of circa US$3.5 million per annum in the current oil price environment.

Biscathorpe remains suspended for a potential future side-track once the Joint Venture Partners have received new sub-surface model integrating re-processed 3D seismic data.

Despite the disappointment on the first drilling attempt, Biscathorpe, in the opinion of Union Jack`s management, remains one of the UK’s largest onshore un-appraised conventional hydrocarbon prospects.

Commenting on Biscathorpe, David Bramhill comments: “Over a century ago, Henry Ward Beecher, the American social reformer and speaker quoted ‘One`s best success comes after one’s greatest disappointments’. Biscathorpe’s structure is more complicated than what we expected and this is the risk inherent with oil & gas operations.”

Now is the time to invest in oil companies:

Even though there has been a significant push towards clean energy to reduce carbon emissions, and sales of electric cars are increasing all over the world, giving the impression that fossil fuels are no longer a profitable market, market analysts believe that oil companies are a good bet for investors: they say it is too early to run away from oil and gas companies.

Oil analysts are confident that we may be close to another oil boom over the coming years. “Investors would be wiser to purchase oil assets at a discount in anticipation of a medium-term price boom,” said Bob McNally, president of consulting firm Rapidan Energy Group and a former energy advisor to President George W. Bush and to CNN Business.

While sales of electric cars are growing, electric vehicles still represent a small portion of total car sales; the majority of vehicles still run on fossil fuels. It is also important to note that fuel is not the only use for oil. Indeed, demand is up for petrochemicals used to create plastics, and the International Energy Agency estimates that petrochemicals will account for the biggest source of oil demand growth through to 2030.

As a result, because of underinvestment in those projects, oil supply may decrease, causing prices to go up and driving up oil stocks along the way.

“Energy investments now face unprecedented uncertainties, with shifts in markets, policies and technologies,” IEA Executive Director Fatih Birol said in a statement. “But the bottom line is that the world is not investing enough in traditional elements of supply to maintain today’s consumption patterns, nor is it investing enough in cleaner energy technologies to change course. Whichever way you look, we are storing up risks for the future.”

The tide seems to be changing, though: after three years of decline, investment in oil, gas and coal supplies went back up in 2018, signalling an interesting market move back towards fossil fuels.

Union Jack’s Chairman leaves his message to potential investors and those looking into Union Jack: “Investing is always risk. But if people choose to invest in Union Jack, they would be investing in quality projects. They would also be dealing with a very transparent company. We have a great technical team; I am very proud of my team.”

References:

Annual Report Year End 31 December 2018

UJO Investor Presentation

Come and talk to UJO chairman David Bramhill in person at an exclusive investor presentation. Union Jack Oil will be presenting at the next Cassiopeia Investor Symposium on June 27th in Central London. For more information, please email info@cassiopeia-ltd.com.

Union Jack Oil eagerly awaits promising results from West Newton appraisal

The AIM-listed, small cap company Union Jack Oil (LON:UJO) released its 2018 financial results earlier this week, cheering up shareholders and showcasing promising prospects. In an exclusive interview with oil & gas PR guru Stefania Barbaglio, Union Jack Executive Chairman David Bramhill comments on UJO’s journey and its strategy to build a successful, sustainable, UK-focused onshore hydrocarbon production and development business.

He talked about UJO’s key projects and how they could dramatically change the future of the Company.

With the release of its results, Union Jack has established itself as one of the AIM-listed rising stars in the oil & gas sector. Beyond increasing the proven hydrocarbon reserves and prospective resources of its projects, UJO’s revenue has increased by 250%, standing currently with a cash balance in excess of £2.5million.

David is a very down-to-earth leader. Union Jack has a conservative, safe tried-and-tested approach to its strategy. In terms of financial results and funding for operations, David says: “We are prepared for new prospects.”

The Company is fully funded, debt-free and undertaking an exciting drilling campaign at West Newton 2 appraisal well in the licence PEDL183. PEDL183 is located onshore in the UK, and contains the West Newton A-1 gas discovery, operated by Rathlin Energy, where, according to a 2017 Deloitte CPR, there is in excess of 189 bcfe of 2C Contingent Resources within the Kirkham Abbey Shoal Gas formation, with considerable further potential prospective resource upside for oil within the deeper Cadeby Reef formation.

UJO’s encouraging results could eventually be magnified by the upcoming results of West Newton basin, one of the UK’s highest impact onshore projects. The well has more than a 70% probability of gas and oil outcome: success here could lead to the delivery of a major onshore gas development of which the value of the investment would be Company-changing and effectively transform Union Jack’s future.

“West Newton is a vast and recent discovery. Any results even smaller than the original projections can still be life-changing for Union Jack Oil and the shareholders. 189 bcf is a massive amount of gas,” highlights David Bramhill.

In addition to the West Newton well, UJO owns two other onshore assets in the UK: Wressle Discovery and Biscathorpe wells.

Operations on Wressle are on hold until the hearing for the company to obtain planning permission, which is set to take place later in the year. Commercial production at Wressle could transform UJO into a material cash-generating oil production company and provide net cash flows of circa US$3.5 million per annum in the current oil price environment.

Biscathorpe remains suspended for a potential future side-track once the Joint Venture Partners have received new sub-surface model integrating re-processed 3D seismic data.

Despite the disappointment on the first drilling attempt, Biscathorpe, in the opinion of Union Jack`s management, remains one of the UK’s largest onshore un-appraised conventional hydrocarbon prospects.

Commenting on Biscathorpe, David Bramhill comments: “Over a century ago, Henry Ward Beecher, the American social reformer and speaker quoted ‘One`s best success comes after one’s greatest disappointments’. Biscathorpe’s structure is more complicated than what we expected and this is the risk inherent with oil & gas operations.”

Now is the time to invest in oil companies:

Even though there has been a significant push towards clean energy to reduce carbon emissions, and sales of electric cars are increasing all over the world, giving the impression that fossil fuels are no longer a profitable market, market analysts believe that oil companies are a good bet for investors: they say it is too early to run away from oil and gas companies.

Oil analysts are confident that we may be close to another oil boom over the coming years. “Investors would be wiser to purchase oil assets at a discount in anticipation of a medium-term price boom,” said Bob McNally, president of consulting firm Rapidan Energy Group and a former energy advisor to President George W. Bush and to CNN Business.

While sales of electric cars are growing, electric vehicles still represent a small portion of total car sales; the majority of vehicles still run on fossil fuels. It is also important to note that fuel is not the only use for oil. Indeed, demand is up for petrochemicals used to create plastics, and the International Energy Agency estimates that petrochemicals will account for the biggest source of oil demand growth through to 2030.

As a result, because of underinvestment in those projects, oil supply may decrease, causing prices to go up and driving up oil stocks along the way.

“Energy investments now face unprecedented uncertainties, with shifts in markets, policies and technologies,” IEA Executive Director Fatih Birol said in a statement. “But the bottom line is that the world is not investing enough in traditional elements of supply to maintain today’s consumption patterns, nor is it investing enough in cleaner energy technologies to change course. Whichever way you look, we are storing up risks for the future.”

The tide seems to be changing, though: after three years of decline, investment in oil, gas and coal supplies went back up in 2018, signalling an interesting market move back towards fossil fuels.

Union Jack’s Chairman leaves his message to potential investors and those looking into Union Jack: “Investing is always risk. But if people choose to invest in Union Jack, they would be investing in quality projects. They would also be dealing with a very transparent company. We have a great technical team; I am very proud of my team.”

References:

Annual Report Year End 31 December 2018

UJO Investor Presentation

Come and talk to UJO chairman David Bramhill in person at an exclusive investor presentation. Union Jack Oil will be presenting at the next Cassiopeia Investor Symposium on June 27th in Central London. For more information, please email info@cassiopeia-ltd.com.

FinancialFox Mining: Ready for the next big uranium bull run

In this episode of Financial Fox, Stefania Barbaglio (Steffy) talks to Brandon Munro, a well-known international uranium market expert and CEO of Banneman resources, an Australian Listed uranium company operating the largest uranium deposit in Africa.

Uranium is one of the hottest tipped commodities in mining in recent times, due to the push for cleaner nuclear energy and lowering supply. Prices in uranium look promising in the medium to long term as more nuclear reactors start activities around the world and utilities demand more uranium.

"If an investor is looking for returns in less than 3 months, than it is better to be patient and wait. But if investor is looking for longer than 3 months returns I'd say start doing your research now," advised Brandon for those looking into the uranium space.

Uranium demand could double by 2040, believes Brandon. Although prices are still holding back, it is generally agreed that it holds strong potential to shake up the commodity market in the near future with a rapid upturn that can bring substantial returns for investors who bought at the bottom of the market.

Uranium should be on the watch-list of any investor.

FinancialFox Mining: Ready for the next big uranium bull run

In this episode of Financial Fox, Stefania Barbaglio (Steffy) talks to Brandon Munro, a well-known international uranium market expert and CEO of Banneman resources, an Australian Listed uranium company operating the largest uranium deposit in Africa.

Uranium is one of the hottest tipped commodities in mining in recent times, due to the push for cleaner nuclear energy and lowering supply. Prices in uranium look promising in the medium to long term as more nuclear reactors start activities around the world and utilities demand more uranium.

"If an investor is looking for returns in less than 3 months, than it is better to be patient and wait. But if investor is looking for longer than 3 months returns I'd say start doing your research now," advised Brandon for those looking into the uranium space.

Uranium demand could double by 2040, believes Brandon. Although prices are still holding back, it is generally agreed that it holds strong potential to shake up the commodity market in the near future with a rapid upturn that can bring substantial returns for investors who bought at the bottom of the market.

Uranium should be on the watch-list of any investor.

Online Blockchain OBC building the ‘Yahoo of Crypto’

In the latest episode of Financial Fox, crypto guru Stefania Barbaglio interviews Clem Chambers, CEO of London listed ADVFN and Online Blockchain about OBC latest product ‘FreeFaucet.io’

FreeFaucet is a revolutionary free application that allows users to distribute and access cryptocurrencies without mining. FreeFaucet was designed to address the technical difficulties faced by many people in entering the crypto world.

Access http://freefaucet.io/

“With crypto faucets, we take that technical difficulty away. People can get a little Bitcoin, a little Ethereum, a little Brazio ̶ they can just get it on the website. If they want to get more, they can subscribe.

This is the core of a crypto hub. OBC wants to be the Yahoo of crypto. This will be the place where people come for crypto stuff: coins, news, community, and more,” says Clem Chambers.

The faucet can be used by any cryptocurrency provider, meaning that any cryptocurrency — big or small, old or new — can now be easily exchanged for goods and services without users needing to mine the coin, which gives greater access to consumers and wider exposure for service providers.

FreeFaucet’s revenue comes from subscriptions and advertisements placed on the website. Cryptocurrency companies will purchase ad space on the FreeFaucet page to attract more coin holders. The same as ADVFN, which has been steadily growing since 1999 building a global platform for financial news and main hub for investors in equities.

This is a business model that benefits the consumer because the user gets value back in coins.

“It is not just about the money, it is about community and education, enabling people to enter the crypto world. FreeFaucet.io will help unlock the value of the crypto sector,” says Clem Chambers.

This is a revolutionary tool because it reverses the economic chain: money comes back to consumers rather than them paying the middlemen involved in purchasing a product or service.

Online Blockchain is focusing operations on building ‘the new generation of blockchain’, which according to Clem Chambers is all about services and applications built on top of cryptocurrencies. OBC is building an operating system, like Windows, powered by blockchain.

Visit FreeFaucet.io and @freefaucetio

Online Blockchain launches global free cryptocurrency hub- claim, send, receive and store a…

Online Blockchain launches global free cryptocurrency hub- claim, send, receive and store a variety of cryptocurrencies with FreeFaucet

Online Blockchain plc (LSE:OBC) announces the open beta of its FreeFaucet product, an innovative application that allows a variety of cryptocurrencies to be claimed, sent, received and stored.

Product Overview

In the crypto world, an online faucet ‘drips’ different coins and enables visitors to claim these cryptocurrencies. With FreeFaucet, users can obtain both renowned and emerging cryptocurrencies up to three times per day free of charge (20 times a day with membership), and access some of the highest-paying faucets on the net.

The product, which is in open beta, provides a simple way to claim, send, receive and store a diverse range of cryptocurrencies in one place. FreeFaucet offers many popular cryptocurrencies including: Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, Ravencoin, PlusOneCoin and Brazio. These claimed cryptocurrencies can then be securely stored on the FreeFaucet multicoin wallet (a cold storage solution).

FreeFaucet also boasts Geofaucet — a first-of-its-kind, location-specific faucet. Geofaucets are real-life, physical faucets in the form of a QR code. When these Geofaucet QR codes are scanned at a set location, the person scanning is rewarded with cryptocurrency. Additionally, anyone can create their own Geofaucet on the FreeFaucet site — and earn a passive income — by generating a unique QR code and placing it at a location of their choice. When a Freefaucet.io user scans this QR code, both the user and the Geofaucet owner receive cryptocurrency for free and will see their balance updated on Freefaucet.io. Any non-users scanning a Geofaucet QR code will be prompted to register on Freefaucet.io to have their claimed cryptocurrency added to their new account.

Users can claim from an unlimited number of Geofaucets per day and claim from any given Geofaucet once every 12 hours. Details of the Geofaucet locations and the simple steps for creating one can be found at: www.freefaucet.io/geofaucet

Another exciting feature of the FreeFaucet site is Bitferno, a powerful cryptocurrency miner of brand new cryptocurrencies. Approximately once a month, these cryptocurrencies will be distributed or ‘airdropped’ to all Freefaucet.io users. Distribution is scaled according to a user’s experience level: every single time a user interacts with the site e.g. logging in, claiming from a faucet or setting up a Geofaucet, they gain experience. Users with higher experience levels will be rewarded accordingly for their support and loyalty on the site. Bitferno is currently mining Bytecoin.

“There is unbridled interest in cryptocurrencies. Freefaucet offers a gateway to this market and enables established cryptocurrency enthusiasts and novices alike to earn free cryptocurrency with just a few clicks,” said Clem Chambers, CEO of Online Blockchain plc. “Freefaucet.io is now growing fast and our aim of making it a leading crypto community hub with many revenue streams has got off to a very exciting start.”

About Online Blockchain plc (LSE: OBC)

Online Blockchain (www.onlineblockchain.io) is a UK-based incubator and developer of businesses in internet and information-based technologies, including developers, administrators and custodians of blockchains and cryptocurrencies. The Company created ADVFN www.advfn.com and today still has a holding of 17.98% in ADVFN plc.

Online Blockchain plc continues to consider new related opportunities, particularly crypto currencies and blockchain-based opportunities including incubating cryptocurrency start-ups and developing technical innovation in the blockchain space. Led by a team with over two decades of pioneering in tech, Online Blockchain focuses on innovation in cryptocurrency and decentralised ecosystems via various applications of blockchain: incubating cryptocurrency start-ups and developing technical innovation in the blockchain space.