Welcome to our dedicated page for BULLET BLOCKCHAIN news (Ticker: BULT), a resource for investors and traders seeking the latest updates and insights on BULLET BLOCKCHAIN stock.
BULLET BLOCKCHAIN INC (BULT) is a pioneering software development and SaaS company leading in blockchain technologies and Web 3.0. The company has successfully deployed licensed Bitcoin ATMs, with plans for further expansion in Georgia and South Florida. Through its subsidiary, First Bitcoin Capital LLC, BULT holds two critical Bitcoin ATM patents, positioning itself as a key player in the cryptocurrency market. With a focus on accessibility and innovation, BULT is driving the future of digital assets and decentralized solutions.
Bullet Blockchain (OTC: BULT) has appointed Eric Noveshen as Executive Vice President and interim-Chief Financial Officer. Noveshen brings over 28 years of Wall Street experience and cryptocurrency expertise, having been involved in Bitcoin mining since 2013. His appointment follows BULT's recent Memorandum of Understanding with Sailo Technologies CY to provide cyber-security solutions for Bitcoin ATMs across the United States.
The company owns important Bitcoin ATM patents through its subsidiary First Bitcoin Capital , including US Patent Nos. US9135787B1 and US10332205B1, which are essential for Bitcoin ATM operations. Noveshen's primary focus will be expanding revenue streams, streamlining accounting processes, and enforcing Bullet's intellectual property rights.
Bullet Blockchain (OTC: BULT) has signed a Memorandum of Understanding with Sailo Technologies, making BULT the exclusive U.S. partner for implementing advanced cybersecurity solutions in Bitcoin ATMs. The partnership introduces crypto wallet insurance of up to $150,000 per wallet and real-time protection services.
This initiative addresses significant cybersecurity challenges in the crypto sector, where hackers stole $3.8 billion in crypto assets in 2022. According to FTC data, Bitcoin ATM scam losses increased tenfold since 2020, reaching over $110 million in 2023, with $65 million lost in the first half of 2024. The median loss was $10,000, with individuals over 60 being particularly vulnerable.
BULT owns two critical Bitcoin ATM patents through its subsidiary First Bitcoin Capital : US9135787B1 and US10332205B1, which are essential for Bitcoin ATM operations.
Bullet Blockchain, Inc. (