Blockchain Intelligence Group Provides Update, Expands Footprint with New Foreign Government Law Enforcement Agencies

Rhea-AI Summary

BIGG Digital Assets Inc. expands its product and QLUE user base through partnerships with State Bureau of Investigations and National Police Agency, generating approximately CAD$164K in combined revenue. The company aims to empower legal authorities to combat financial crimes involving cryptocurrencies and ensure the security and integrity of their financial systems.

VANCOUVER, British Columbia, Feb. 01, 2024 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (“BIGG'' or the “Company”) (CSE: BIGG, OTCQX: BBKCF, WKN: A2PS9W) a leading innovator in the digital assets space and owner of Blockchain Intelligence Group, Netcoins, and TerraZero, announces further expansion of its product and QLUE user base.

Blockchain Intelligence Group has partnered with a State Bureau of Investigations that will be using QLUE to enhance their digital forensic capabilities, which in turn will streamline investigations and resolve cryptocurrency-related cases quickly and affordably. This collaboration underscores the growing need for QLUE, as it enables legal authorities to combat financial crimes involving cryptocurrencies and to ensure the security and integrity of their financial systems.

Blockchain Intelligence Group is further pleased to announce it has secured a National Police Agency in an overseas country. This strategic partnership establishes QLUE as a critical instrument to effectively address cryptocurrency-related investigations in the region. This success sets the stage for future opportunities, with Blockchain Intelligence Group ready to provision additional seats as new sales develop and the partnership between the company and the law enforcement agency matures.

The combined revenue for these new relationships is approximately CAD$164K. Please note that government agencies do not allow us to name them in press releases.

Blockchain Intelligence Group continues to expand its global footprint and offer QLUE to a wider audience. The company remains dedicated to delivering innovative solutions that empower government agencies and law enforcement organizations to navigate the complexities of digital assets with confidence.

"With the rise in security challenges, fraudulent schemes, and various malevolent activities, there's a growing need for advanced tools and training in cryptocurrency investigations," remarked Lance Morginn, president of Blockchain Intelligence Group. "By providing investigators with robust tools and comprehensive education, we aim to bolster trust and encourage wider adoption of crypto and blockchain technologies. As the industry evolves, Blockchain Intelligence Group is committed to being at the forefront, offering resources and expertise. We are excited about the future developments and contributions we have in store."

Blockchain Intelligence Group added support for new blockchains in 2023, including Tron (TRX), Binance Smart Chain (BSC), and most recently, Polygon’s (MATIC).

Blockchain Intelligence Group has over 28 billion data points servicing both law enforcement, government agencies, and the financial services sector.

On behalf of the Board

Dan Reitzik
Interim CEO
ir@biggdigitalassets.com

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 has three portfolio companies: Netcoins (netcoins.com), Blockchain Intelligence Group (blockchaingroup.io), and TerraZero (terrazero.com).

Blockchain Intelligence Group is an industry-leading digital asset forensics, anti-money laundering detection, and cryptocurrency investigations company. At the heart of our operations is a deep-rooted expertise in visualizing digital assets and market-related activities. This expertise is leveraged to monitor transactional data with a constant eye to assist our customers with risk management, due diligence, and forensic services for digital assets. For more information please visit our website www.BlockchainGroup.com.

Netcoins offers safe and secure crypto trading in Canada and the USA, with a mission to make cryptocurrency easily accessible to the mass consumer and investor with a focus on fast, simple, and transparent trading. Netcoins has a robust product offering with Crypto Trading, Netcoins Pay Mastercard, and Netcoins Staking. Netcoins utilizes BitRank Verified® software at the heart of its platform and facilitates crypto trading via its cutting-edge Mobile and Web applications. For more information please visit our website www.Netcoins.com.

TerraZero Technologies Inc. is a vertically integrated Metaverse development group and leading Web3 technology company specializing in helping brands create immersive experiences. TerraZero’s Metaverse-agnostic vision is to develop and implement products and services with scalable commercial applications to flourish engagement across gamified experiences where enterprise-level businesses, metaverse platforms, and Web3 creators can seamlessly bridge and actionably grow their virtual world and the physical world endeavors together as one. TerraZero owns digital real estate for brands to establish a presence in existing virtual worlds and can also offer brands their own private worlds to provide offices and services to those interested in the metaverse. Furthermore, TerraZero acquires, designs, builds, and operates virtual assets and solutions to monetize the metaverse ecosystem. TerraZero’s businesses are segmented into five (5) divisions which include: (1) immersive experience creation in existing or private virtual worlds; (2) advertising; (3) data analytics; (4) events and marketing; and (5) development of the Intraverse. TerraZero aims to support the community, foster innovation, and drive adoption. For more information, please visit https://www.TerraZero.com/ or contact hello@terrazero.com.

For more information and to register for BIGG’s mailing list, please visit our website at https://www.BIGGdigitalassets.com. Or visit SEDAR+ at www.sedarplus.ca.

Future operating results could also be materially affected by the price of cryptocurrency and the demand (or lack thereof) for cryptocurrency. In addition, BIGG’s past financial performance may not be a reliable indicator of future performance.

Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which include the expected opportunities, outcomes, potential, and benefits of the Company’s products and services, the expected adoption and growth of cryptocurrency and the Company’s products and services (including QLUE), the development and completion of products and services, the expected growth and outcomes from these new QLUE customers, events, plans, courses of action, and the potential of the Company’s technology and operations 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, the ability to manage operating expenses, which may adversely affect the Company’s financial condition, the ability to remain competitive as other better financed competitors develop and release competitive products, volatility in the trading price of the common shares of the Company, the demand and pricing of cryptocurrency, the Company’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; 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. The securities of BIGG are considered highly speculative due to the nature of BIGG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s website and filings on www.sedarplus.ca. In addition, BIGG’s past performance may not be a reliable indicator of future performance.

Important factors that could cause actual results to differ materially from BIGG’s expectations include consumer sentiment towards BIGG’s products and Cryptocurrency, Blockchain and Metaverse technology generally, technology failures, the lack of demand for the Company’s products and services, fluctuations in the price of cryptocurrency, the ability to successfully define, design, and release new products in a timely manner that meet customers’ needs; the ability to attract, retain, and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; increase in costs and expenses; the ability to manage working capital; and the dependence on key personnel; competition; the demand and pricing of cryptocurrencies and NFTs (including digital assets); litigation; security threats, including a loss/theft of NFTs, cryptocurrencies, and other assets; 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.

FAQ

What is the latest expansion announced by BIGG Digital Assets Inc.?

BIGG Digital Assets Inc. has partnered with a State Bureau of Investigations and a National Police Agency to expand its product and QLUE user base.

How much revenue is generated from the new relationships?

The combined revenue for these new relationships is approximately CAD$164K.

What is the purpose of the partnership with the State Bureau of Investigations?

The partnership aims to enhance the digital forensic capabilities of the State Bureau of Investigations and streamline investigations and resolve cryptocurrency-related cases quickly and affordably.

Who is the president of Blockchain Intelligence Group?

Lance Morginn is the president of Blockchain Intelligence Group.

What is the goal of Blockchain Intelligence Group in providing investigators with tools and education?

The company aims to bolster trust and encourage wider adoption of crypto and blockchain technologies by providing investigators with robust tools and comprehensive education.