BLACKSTAR ENTERPRISE GRP - BEGI STOCK NEWS

BlackStar Enterprise Group, Inc. has received a 'Notice of Allowance' from the USPTO for a patent application titled 'System and Method for Matching Orders and Immutable Blockchain Ledger for all Customer Trading Activity with Settlement into the Broker Dealer Ecosystem.' The patent will give BlackStar a 20-year monopoly on digital equity trading of securities on a blockchain. This could revolutionize blockchain trading of digital assets that are securities.

BlackStar Enterprise Group plans to enable trading of its common shares on a blockchain with their software called BlackStar Digital Trading Platform (BDTP). They believe that securing a contract to host their platform in the next three to six months will be well-timed in the industry. Once the platform is live, they intend to license it to other publicly traded companies as a subscription service called Blockchain Equity Trading (B.E.T.), which would provide access to a customizable trading platform for common stock without markup or markdown. The platform also offers features such as indication of interest and corporate governance. Increased transparency is expected to mitigate risks and restore investor confidence in trading OTC-listed stocks.

BlackStar Enterprise Group (OTC PINK:BEGI) announced that its latest amendment to the Form S-1 registration statement has received limited comments from the SEC, which the company plans to address soon. This registration allows common shares held by certain stockholders under convertible promissory notes to be registered. BlackStar aims to pursue a relationship with alternative trading systems and broker-dealers to trade its shares on a blockchain platform. However, they caution that regulatory approvals may not be timely or guaranteed, and the BDTP platform remains non-functional and may never become operational.

BlackStar Enterprise Group (OTC PINK:BEGI) announced the unfortunate passing of CEO John Noble Harris on December 15, 2022. Following his departure, Joe Kurczodyna has been appointed as acting CEO. The company is focused on achieving SEC registration for its unique blockchain trading platform, BDTP^TM, which aims to enhance trading security and visibility while addressing fraud in financial markets. The management feels optimistic about the ongoing developments and the potential impact of blockchain technology in transforming financial services.

BlackStar Enterprise Group, Inc. (OTC Pinks: BEGI) has amended its registration statement with the SEC to register 46 million shares of common stock, aimed at paying debt. The shares, underlying convertible notes, are for resale by noteholders and not publicly offered. CFO Joseph E. Kurczodyna noted delays in registration effectiveness due to the complexity of their blockchain-based trading platform. The platform aims to enhance transparency for OTC-traded stocks. The SEC is still reviewing the registration, which has not yet been deemed effective.

BlackStar Enterprise Group (OTCQB:BEGI) introduced a registration form on its website for public companies to express interest in a customized trading platform based on its proprietary BlackStar Digital Trading Platform™ (BDTP™). This initiative reinforces the company's efforts to expedite subscription service launches once BDTP™ is operational. BlackStar is finalizing the platform's user interface and is pursuing strategic partnerships with broker-dealers. The BDTP™ aims to facilitate digital trading of BEGI shares, integrating with established regulatory frameworks.

BlackStar Enterprise Group (OTCQB: BEGI) announced the addition of a registration form on their website for public companies interested in a customized trading platform. The platform, based on the proprietary BlackStar Digital Trading Platform™, is nearing completion, with the final phase focused on quality assurance and building strategic partnerships. BlackStar aims to address regulatory challenges using Amazon's Quantum Ledger Database Blockchain for digital trading of BEGI shares and plans to offer a subscription service, Blockchain Equity Trading™ (B.E.T.™), for tailored market solutions.

BlackStar Enterprise Group (OTCQB:BEGI) has completed its production-ready user interface for the BlackStar Digital Trading Platform (BDTP). The platform aims to facilitate the trading of registered BEGI shares using Amazon's Quantum Ledger Database Blockchain and is currently in the final quality assurance phase. The company plans to form strategic partnerships with broker dealers to commence trading activities. Key features of BDTP include real-time transparency, avoidance of dark pools, and a Blockchain First approach, aiming to enhance market integrity and efficiency.