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DMG Announces Closing of Cdn$70 Million Private Placement Offering with Institutional Investors

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, March 05, 2021 (GLOBE NEWSWIRE) DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF:OTCQB US) (FRANKFURT:6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, is pleased to announce that it has closed its previously announced sale to U.S. and foreign institutional investors of its common shares (“ Common Shares“) and warrants to purchase common shares (“ Warrants“) for aggregate gross proceeds to the Company of approximately Cdn$70 million (the “ Private Placement“). Pursuant to the Private Placement, the Company issued 23,333,334 Common Shares and Warrants to purchase up to 11,666,667 Common Shares at a purchase price of Cdn

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More Momo in Crypto as Citi and Goldman Pile In (CAN, RIOT, ISWH, MARA)

As we have noted, the argument for or against Bitcoin comes down to future prospects for legitimacy as a currency system. The “store of value”, “speculative asset”, and “diversification” arguments are all second-order pathways contingent upon its ability to establish itself as a legitimate, mainstream medium of exchange with widespread network-effect legitimacy. But, ironically, that legitimacy may ultimately depend on its acceptance in financial asset terms. Hence, the future is looking pretty bright today as the odds of that acceptance appear to be back on an upward trajectory as the CBOE Global Markets Inc. disclosed this week that it is seeking approval to list and trade shares of what could be the first Bitcoin exchange-traded fund in the U.S., according to a regulatory filing that hit on Monday.

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The Next Leg of the Bitcoin Stock Bull (RIOT, ISWH, MARA, CAN)

The Next Leg of the Bitcoin Stock Bull (RIOT, ISWH, MARA, CAN)
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Bitcoin Stocks Deliver as Momentum Builds (RIOT, EPAZ, MARA)

Along with Cannabis, Electric Vehicles, and 3D printers, the Cryptocurrency space is one of the leading emerging growth spaces in the stock market over recent weeks as the price of coins such as Ethereum and Bitcoin ramp to unprecedented levels on growing legitimacy and acceptance among established institutions, including Wall Street and corporate titans such as Tesla, PayPal, Microstrategy, and Square. But the upside is still potentially huge given the possibility that Bitcoin could reach market cap parity with gold as the core alt-currency stores of value in the global asset landscape, where it still lags as just a fraction of the size of the classic yellow metal.

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Bitcoin Stocks Charge Up on Tesla News (HVBTF, MARA, ISWH, RIOT)

Bitcoin Stocks Charge Up on Tesla News (HVBTF, MARA, ISWH, RIOT)
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