- Blockchain is the underlying know-how of cryptocurrencies however they aren’t synonymous
- The general blockchain business will not be essentially tied to Cryptocurrency volatility
- Improvement and funding within the blockchain business stays sturdy
- Information of what’s occurring with FTX alternate doesn’t immediately have an effect on TCC as TCC doesn’t maintain cryptocurrencies
MALIBU, Calif., Nov. 11, 2022 (GLOBE NEWSWIRE) — by way of NewMediaWire – The Crypto Company (OTC: CRCW) (“TCC” or the “Firm”), an early mover within the blockchain and cryptocurrency house offering the academic basis for the expansion of the business, launched right this moment a press release from its CEO Ron Levy concerning latest occasions within the cryptocurrency business. The assertion reads as follows:
Because of the latest occasions on the planet of cryptocurrency, I assumed it will be pertinent to make a few distinctions, particularly associated to the volatility of cryptocurrency and their restricted impact on the blockchain business as an entire – an business during which TCC operates.
First, I wish to reiterate that whereas blockchain is the underlying know-how during which cryptocurrencies function, the class of blockchain is way broader than simply cryptocurrency and is not only based mostly on cryptocurrencies, or the worth of them. Blockchain has its personal distinctive qualities (programmable belief) that supply use instances in lots of, many industries that under no circumstances hedge or depend upon the values of traded cryptocurrencies.
Whereas the latest occasions of the crypto alternate FTX are creating a lot turbulence for cryptocurrencies, the Blockchain world continues to construct and we consider that curiosity stays extraordinarily sturdy. As an illustration, the demand for transparency, which blockchain represents, ought to improve given latest occasions.
Second, I wish to make clear that the enterprise of The Crypto Firm will not be based mostly on the worth of cryptocurrencies, however moderately on the supply of training and consulting companies to help improvement of the Blockchain business to people, authorities businesses and enterprise companies.
As The Crypto Firm just lately introduced, we have now offered nearly all of our Bitcoin mining rigs again to the events that we initially bought them from earlier this yr. Our firm doesn’t maintain any cryptocurrencies on the books, and our predominant line of enterprise stays offering training and consulting by way of our 100% owned subsidiary, Blockchain Coaching Alliance.
Because of this positioning, we consider The Crypto Firm’s progress trajectory and alternatives will additional develop, regardless of the end result of the FTX state of affairs. In truth, we’re additionally taking note of the potential for new alternatives for The Crypto Firm because the business continues to vary and adapt.
For extra info on our firm or to enroll to obtain our updates, we encourage present and potential shareholders to go to our web site or contact: email@example.com
Respectfully and optimistically,
CEO and Cofounder of The Crypto Firm
About The Crypto Firm
The Crypto Company (TCC) was one of many first publicly traded know-how firms within the digital foreign money and blockchain sectors. The Firm’s wholly-owned subsidiary, Blockchain Coaching Alliance (BTA), is a worldwide chief in coaching programs and consulting companies centered on conveying the underlying know-how of blockchain to people, establishments, and large-scale organizations. Having consulted with international establishments, organizations, firms and people, BTA provides customized coaching and academic companies to 1000’s worldwide. TCC additionally has wholly owned Bitcoin mining belongings. Past its presently working belongings, the portfolio continues to hunt growth alternatives within the blockchain house — the place it could leverage its early mover benefit and experience on this progress business.
This press launch might comprise “forward-looking statements” throughout the that means of the Non-public Securities Litigation Reform Act of 1995, akin to statements referring to monetary outcomes and plans for future improvement actions and are thus potential. Ahead-looking statements embody all statements that aren’t statements of historic reality concerning intent, perception or present expectations of The Crypto Firm, its administrators or its officers. Buyers are cautioned that any such forward-looking statements will not be ensures of future efficiency and contain dangers and uncertainties, a lot of that are past The Crypto Firm’s means to regulate. Precise outcomes might differ materially from these projected within the forward-looking statements. Among the many elements that would trigger precise outcomes to vary materially from these indicated within the forward-looking statements are dangers and uncertainties related to The Crypto Firm’s enterprise and funds usually, together with the flexibility to proceed and handle its progress, competitors, international financial situations and different elements mentioned intimately in The Crypto Firm’s periodic filings with the Safety and Trade Fee.
Supply: The Crypto Firm
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