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Everything Blockchain Inc. (OTCMKTS: OBTX) has launched EB Control, an innovative, zero-trust data protection solution designed for consumers and small to midsize businesses. This patent-pending application employs military-grade encryption, allowing users full control over their data, regardless of its location. EB Control is available on Windows and Mac and will soon launch on mobile devices. With rising cyberattacks causing over $6.9 billion in losses to consumers, this solution aims to provide robust protection without requiring extensive costs or expertise.
Everything Blockchain Inc. (OTC: OBTX) has announced a strategic partnership with the Oikonomakis Christos Global Law Firm to expand its international reach and deliver innovative blockchain solutions. This collaboration aims to enhance operations in Europe and the MENA region, facilitating licensing agreements and strategic partnerships. Everything Blockchain is also developing a secure hardware network and patent-pending applications to improve blockchain accessibility. The partnership is expected to bolster economic results and provide better international trade knowledge.
Everything Blockchain Inc. (OTCMKTS: OBTX) has filed a patent application for the EBI Blockchain Drive (EB Drive), a leading blockchain-enabled ransomware solution. This innovative technology aims to provide businesses with enhanced protection against the rising threat of ransomware attacks, which saw a 13% increase from 2020 to 2021, according to the Verizon Data Breach Investigations Report. Additionally, Cybersecurity Ventures projects that ransomware costs could reach $265 billion annually by 2031. The EB Drive ensures data is backed up in an immutable blockchain ledger, safeguarding intellectual property.
Everything Blockchain Inc. (OTC: OBTX) announced a stock accumulation by its management team, signaling confidence in the company's strategic direction. The firm is set to launch its EB Control SaaS application this summer, targeting the growing data protection market. Recent acquisitions will bolster its portfolio of sub-brands, enhancing its blockchain offerings. The global blockchain market is projected to grow significantly, from $7.18 billion in 2022 to $163.83 billion by 2029, further supporting the company's optimistic outlook.
Everything Blockchain Inc. (OTC Markets: OBTX) has launched a new channel program through its subsidiary, Vengar Technologies, to offer EB Control, a data protection solution aimed at small and midsized businesses. This innovative software provides military-grade encryption and customizable controls, allowing companies to securely share sensitive information. The program aims to make data protection accessible and affordable, addressing the challenges of existing solutions. Partners in the program will benefit from opportunity registration, co-marketing support, and competitive pricing.
Everything Blockchain, Inc. (OTCMKTS: OBTX) reported significant growth in fiscal 2022, achieving $2.5 million in revenue, up from $0.1 million in fiscal 2021. Adjusted revenue soared to $11.9 million, quadrupling from $3.0 million in the previous year. The company shifted from a net loss of $50 million in 2021 to a net income of $2.3 million. With strategic acquisitions and enhanced management, Everything Blockchain aims to capitalize on blockchain opportunities, including a planned $8 million raise through Series C Preferred stock to fund growth initiatives.
Everything Blockchain (OTCMKTS: OBTX) is undergoing a corporate rebranding as it expands its blockchain services domestically and internationally, including operations in Saudi Arabia and Europe. The company's recent strategic acquisitions support its growth in blockchain technologies and decentralized processing. CEO Eric Jaffe highlighted that this rebranding aligns with their vision for future growth, coinciding with an anticipated $11.7 billion global blockchain spending in 2022, according to International Data Corp.
Everything Blockchain (OTCMKTS: OBTX) partners with Overwatch Partners to lead the ongoing on-ramp process for PulseX, PulseChain's DeFi swap application. This initiative aims to enhance user trading experiences and yield farming capabilities. The first sacrifice stage raised over $1 billion, marking one of crypto's largest unofficial rounds. PulseX is designed to outperform Uniswap with lower fees. CEO Eric Jaffe highlights the growth potential in the blockchain sector, underlining their commitment to transparency for investors. The official launch of Pulse and PulseX is expected in Spring 2022.
Everything Blockchain (OTCMKTS: OBTX) has announced the acquisition of ATrade Desktop Software for $1 million in cash. ATrade provides an online stock alerts service with features like risk management and order matching. The acquisition aims to enhance Everything Blockchain's trading services, integrating blockchain technology and launching a cryptocurrency trading platform. The company anticipates obtaining necessary licenses within three months and expects to operationalize all elements by year-end. This follows four acquisitions in 2021, expanding its product development capabilities.
Everything Blockchain, Inc. (OTCMKTS: OBTX) is expanding its cryptocurrency mining operations in Idaho Falls, Idaho, following its acquisition of Mercury, Inc. This move aligns with the company's focus on cybersecurity and blockchain technologies. Notably, Idaho Falls offers a thriving environment for IT security professionals, featuring a lower cost of living and high salaries. The company reported positive cash flow from its mining activities before the end of its fiscal year on January 31, 2022. CEO Eric Jaffe highlighted the strategic importance of Idaho Falls for growth and operations.
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