The Crypto Company CEO Releases Statement Regarding Recent Events in Cryptocurrency Industry

Rhea-AI Summary

The Crypto Company (OTC: CRCW) emphasizes its independence from cryptocurrency volatility, highlighting its focus on blockchain education and consulting services. CEO Ron Levy stated that while blockchain technology underpins cryptocurrencies, it has broader applications that are unaffected by market fluctuations. TCC has divested its Bitcoin mining rigs and does not hold cryptocurrencies, positioning itself for growth regardless of the current FTX-related turmoil in the crypto market. The company remains dedicated to delivering educational services through its subsidiary, Blockchain Training Alliance.

Positive

• TCC does not hold cryptocurrencies, mitigating market risk.
• Focuses on education and consulting services in blockchain, which may experience increased demand.
• Positioned for growth regardless of the cryptocurrency market's volatility.

Negative

• None.

Summary:

• Blockchain is the underlying technology of cryptocurrencies but they are not synonymous
• The overall blockchain industry is not necessarily tied to Cryptocurrency volatility
• Development and investment in the blockchain industry remains strong
• News of what is happening with FTX exchange does not directly affect TCC as TCC does not hold cryptocurrencies

MALIBU, Calif., Nov. 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – The Crypto Company (OTC: CRCW) (“TCC” or the “Company”), an early mover in the blockchain and cryptocurrency space providing the educational foundation for the growth of the industry, released today a statement from its CEO Ron Levy regarding recent events in the cryptocurrency industry. The statement reads as follows:

Due to the recent events in the world of cryptocurrency, I thought it would be pertinent to make a couple of distinctions, specifically related to the volatility of cryptocurrency and their limited effect on the blockchain industry as a whole - an industry in which TCC operates.

First, I would like to reiterate that while blockchain is the underlying technology in which cryptocurrencies operate, the category of blockchain is much broader than just cryptocurrency and is not just based on cryptocurrencies, or the value of them. Blockchain has its own unique qualities (programmable trust) that offer use cases in many, many industries that in no way hedge or depend on the values of traded cryptocurrencies.

While the recent events of the crypto exchange FTX are creating much turbulence for cryptocurrencies, the Blockchain world continues to build and we believe that interest remains extremely strong. For instance, the demand for transparency, which blockchain represents, should increase given recent events.

Second, I want to clarify that the business of The Crypto Company is not based on the value of cryptocurrencies, but rather on the delivery of education and consulting services to support development of the Blockchain industry to individuals, government agencies and enterprise businesses.

As The Crypto Company recently announced, we have sold the majority of our Bitcoin mining rigs back to the parties that we originally purchased them from earlier this year. Our company does not hold any cryptocurrencies on the books, and our main line of business remains providing education and consulting through our 100% owned subsidiary, Blockchain Training Alliance.

Due to this positioning, we believe The Crypto Company’s growth trajectory and opportunities will further develop, no matter the outcome of the FTX situation. In fact, we are also paying attention to the possibility of new opportunities for The Crypto Company as the industry continues to change and adapt.

For more information on our company or to sign up to receive our updates, we encourage current and potential shareholders to visit our website or contact: info@thecryptocompany.com

Respectfully and optimistically,

Ron Levy

CEO and Cofounder of The Crypto Company

About The Crypto Company

The Crypto Company (TCC) was one of the first publicly traded technology companies in the digital currency and blockchain sectors. The Company’s wholly-owned subsidiary, Blockchain Training Alliance (BTA), is a global leader in training courses and consulting services focused on conveying the underlying technology of blockchain to individuals, institutions, and large-scale organizations. Having consulted with global institutions, organizations, corporations and individuals, BTA offers personalized training and educational services to thousands worldwide. TCC also has wholly owned Bitcoin mining assets. Beyond its currently operating assets, the portfolio continues to seek expansion opportunities in the blockchain space -- where it can leverage its early mover advantage and expertise in this growth industry.

Forward-Looking Statements:

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of The Crypto Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond The Crypto Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with The Crypto Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in The Crypto Company's periodic filings with the Security and Exchange Commission.

FAQ

How is The Crypto Company (CRCW) positioned in relation to cryptocurrency volatility?

The Crypto Company does not hold cryptocurrencies, positioning itself to remain unaffected by cryptocurrency market fluctuations, particularly in light of recent turbulence surrounding FTX.

What services does The Crypto Company (CRCW) provide?

The Crypto Company provides educational and consulting services focused on blockchain technology through its subsidiary, Blockchain Training Alliance.

What recent actions did The Crypto Company (CRCW) take regarding Bitcoin mining?

The Crypto Company sold the majority of its Bitcoin mining rigs, emphasizing its strategy to focus on education and consulting rather than cryptocurrency holdings.

What are the growth prospects for The Crypto Company (CRCW)?

The Crypto Company believes its growth opportunities will expand despite the current challenges in the cryptocurrency market, as demand for blockchain education continues to rise.