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I simply state facts and my interpretation based on what the company reports in its financials and PR's. If they happen to defend the company, so be it.
Both companies reported revenue. Since BULT is majority owned by Bots, Bots can claim a share of the subsidiary's profit/loss/revenue equal to the percentage of its ownership of the subsidiary. So if BTZI owned 60% of BULT (I don't know what the actual percentage ownership is) and BULT reported $1,000,000 in revenue, BTZI would be able to report $600,000 as its share of revenue from the subsidiary.
It appears that virtually all of BTZI's revenue, at the moment, is coming via BULT. However, BTZI reported over $7 million in assets, presumably virtually all from Crypto investments in its last financial report.
I still hold a significant number of shares. Nothing wrong with supporting success. $1 million+ revenue is very encouraging.
Since there's been little news I haven't paid much attention. At least this revives some hope that the company still has some life left. If fact, I'm pleasantly surprised that they reported some significant revenue.
Yesterday's BTZI 8-K confirms that Bots is still majority owner of Bullet Blockchain...
Bots April 30, 2024 8-K disclosure
I
Republicans seem to have given up on griping about rampant crime...
Crime in America is down, rudely interfering with GOP narrative that it's out of control
A lot of claims but still no proof or link to Joe Biden. So why isn't your Special Prosecutor taking hunter Biden to court on any of this. Possibly because none of it was illegal or would hold up as proof in a court where perjury can be prosecuted.
A new PR from Bullet Blockchain (BULT). In September 2022 BTZI received 250 million shares of BULT in exchange for their First Bitcoin Capital, LLC subsidiary which held significant bitcoin ATM patents...
Bullet Blockchain Announces Purchase of Bitcoin ATM Network in South Florida as First Step of 2024 Nationwide Expansion
On September 9, 2022 Bots (BTZI) sold its First Bitcoin Capital, LLC subsidiary to Bullet Blockchain (BULT) in exchange for 250,000,000 shares of BULT stock. At today's price of $.0925/share, that transaction would place over $23 million in value inside Bots...
Supplemental Disclosure for Change of Control Events
The disclosure contains a blank form titled "Disclosure of Court Appointed Custodian and Other Material Events:" which indicates that a (unnamed) company was placed under a Court Appointed Custodian. It leaves one to wonder if the shares are currently held by this custodian. This is only speculation on my part.
In any event, Bot's assumed interest in BULT recently received a boost with the following announcement from Bullet Blockchain...
Bullet Blockchain Announces Preliminary Fourth Quarter Revenue Results and Comments on 2024 Outlook
Take your best shot. You'll see the SEC will find BOTS-MCIG in full compliance with regulations (at least through Paul Rosenberg's tenure as CEO). I still hold a securities license and have always been careful to stay in compliance. All of my articles (from the first article published in 2015 forward) contained accurate disclosures of my business relationship to MCIG-BOTS with only the final article in 2020, as I've revealed, properly, as required by regulations, showing that I received compensation for the first and last time. Just make sure they don't find you running a pump and dump in reverse and shorting the stock.
Over the years the company legitimately tried several strategies in the MJ business and ultimately failed in each. So did dozens of other companies. During that period the price of the stock rose and dipped on a number of occasions and people both made and lost money like in any stock.
You and Perfectson really need to get a life and stop chasing ghosts.
What I take exception to is the word "paid". Any group can start a pump and dump on a stock with their only reward being the profit they make on the sale. You seem to imply that Bots company management is behind it but you have zero evidence of that.
Investors should be cautious but if day traders want to ride the wave and trade for a quick profit, more power to them. This stock has 1,680,374,596 outstanding shares but only 534,007,888 are unrestricted and the float is only 380,753,902 shares. This and the fact that they issued their first PR in over 8 months and that they are targeting the AI market makes them a tempting target for a pump. That doesn't necessarily mean that the company isn't legitimately trying to enter the AI market or that this effort will ultimately fail. However, as you rightly point out, their track record does not inspire a lot of confidence.
I was never a company spokesperson or claimed to be a company spokesperson. So to label me as such can be interpreted as a personal attack. I did report occasionally on conversations I had with the CEO that contradicted misinformation posted by others on this board, to the extent permitted by securities regulations. However, even if you want to interpret that as being a spokesperson, I haven't spoken with anyone in company management since the spring/summer of 2020 and the company now has new management. So you can take my comments as simply those of another investor on this board. As theTinman often points out, how many of you people who are continually bashing the company, are posting here but own no shares? What are your motives for spending so much time here unless you're short selling? If you are. congratulations. You're probably doing better than me. But don't pretend to be unbiased while accusing my bias of unfairly influencing shareholders.
I've probably lost more money on this company than most people here (easily tens of thousands over the years). I never received any compensation or was promised any compensation before January 2020 after I had written my last article but before it was published. The stock was compensation for several PR's I wrote and edited as well as advice I'd given Paul and the company over the years and to compensate me for my time on that final article. It was equivalent to compensation mCig had dispensed to several other third party consultants and publishers over the years for services and articles and was revealed not only in that last article but again in my post # 104861 on May 19, 2020. It was no secret.
Link to my Post # 104861
You really need to get a grip and stop the personal attacks.
As for the recent posts on ATM patents, all I did was re-post company PR's and express the possibility that, long term, this could still become a decent investment if the crypto market rebounds. At $.005/share, it may be worth a very small gamble, but I wouldn't advise anyone to bet the farm.
Yes, George Santos has left the building.
That Harvest Report was prepared by the non-profit which had locked mCig personnel out of their facility as early as August. It didn't prove anything since they didn't allow mCig to confirm what happened and there was never any independent review.
As thetinman pointed out, how is this relevant to Bots today? The company has totally different management and is no longer in the pot business. Rehashing old arguments serves no useful purpose. In the end it will just confirm we both had a legitimate point of view, not that either of us were trying to deceive investors (which seems to be your aim).
I won't admit it because nobody knows for sure what happened. The Farm claimed the pot plants died but wouldn't let any mCig reps in to confirm this. What were they hiding? No doubt the plants died (LMAO they're no longer alive) but when, how and why has never been determined. mCig sued them but the suit was later dropped without anyone admitting guilt since mCig had little to nothing to gain even if they won.
Old news and irrelevant to Bots
Read my earlier post #112507. That's the only thing of value I ever received from the company. It was after my last article was written, and so far it's been a net loss. Your implication that I only defend the company because I get paid is totally false. I've defended mCig and Bots since I first bought their stock in 2015. I have, and never have had, any other incentive than that of any other investor.
On the other hand, the accusation itself was made several times in previous years. It was false then and is false now.
LMAO Anyone truly unbiased wouldn't want to voluntarily moderate an IHub board. Besides, you have 1vman on this board moderating for your side.
The important thing is that the moderator should only delete posts if they violate the rules. This assures that violators are treated fairly.
I've never said that I was compensated for writing articles for Paul Rosenberg. There was never any prior agreement, verbal or otherwise, that I would be compensated for defending mCig. After I wrote my final article in 2020 and shortly before Rosenberg left Bot's he gifted me some shares which I was restricted from selling for six months and needed to be converted to common shares before they could be sold. The various fees to convert them would cost about $2,000. I've never converted them but did pay tax on their value. Consequently, at this point it's been a net loss and it's unlikely I'll ever see a profit. See the following link...
My original post on this issue
As for my bias, yes I was biased for the company as an investor just as you were biased against the company, presumably because you lost money. But readers shouldn't confuse the company's lack of success with with the validity of your arguments. In your zeal to disparage the company, you, and your negative allies, repeatedly made false claims about the company and Paul Rosenberg that I refuted ("debunked") with facts. Many had to do with misinformation about Paul ripping off investors or claims about security regulations that were false. Here are a couple of examples...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=153858746
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155744405
InvestorsHub Guidelines for Moderators
Disparaging posts about Moderators regarding their moderator status and activities can be removed.
Posts that talk about people’s religion, gender, sexual orientation, race, ethnicity, age or disability aren’t welcome here and should be removed.
I've never removed a post that didn't violate the sites terms of service. Again, if you refrain from attacking people and stick to posts about the company, you shouldn't have a problem.
I do not work for Bot's or any other company. I'm a semi retired insurance agent and I'm not trying to influence anyone. any more than you are.
In this case, I actually am in partial agreement with you.
On close reading, the PR merely states that BTZI has obtained a license for NVIDIA's AI product and will use it to evaluate the software. It doesn't say that they will receive compensation for this or that they have any sort of formal relationship with NVIDIA, other than obtaining a license, although this seems to be implied. On the other hand, it's not unusual for software companies to provide free copies of new software to developers to encourage them to develop applications and give them feedback. I'll be curious to find out NVIDIA's response to your inquiry.
Nevertheless, this is the first sign of life from the company since early last spring and is a hopeful sign that they may actually try to develop some revenue producing products in the near future. Let's keep our fingers crossed that they continue giving us updates.
I haven't removed or reported any posts recently. However, admins will remove posts if they contain personal attacks so keep your criticisms aimed at the company and its actions.
I'm simply passing on what the company is reporting to shareholders. You, and others on this board, start with the assumption that all penny stock CEO's are scam artists trying to take your money. I start with the assumption that they legitimately are trying to build a company from scratch. Since launching a company or new business venture is difficult and faces many unpredictable obstacles and most startups consequently fail, you have an advantage with your approach, since, chances are, your predictions of failure will be correct. Nevertheless, investors should hear the positive spin as well in order to make a fully informed investment decision.
The Bitcoin patents are now owned by BULT. BOTS sold them in exchange for BULT stock, which I believe it still owns and probably reflected in the $7+ million in assets that it reported on its last financials.
The success of this venture depends on the overall success of the Cryptocurrency market. Lately it's had some bad press and crypto coin values have suffered. However, assuming there will continue to be a market for crypto, this could still be a decent long term investment...
Bullet Blockchain Announces First Patent Licensing Agreement With New Bitcoin ATM Kiosk Manufacturing Partner in USA
Bullet Blockchain Expands Presence in the Cryptocurrency Market With Acquisition of Bitcoin ATM Fleet
Bullet Blockchain Retains Law Firm to Pursue Unlicensed Violators of The Company’s Bitcoin ATM Intellectual Property
Bullet Blockchain Receives First Royalty Payment Under Patent Licensing Program
There's a new important PR out today...
GWSO to Unveil Revolutionary TrinityPower Nexus System at Encountering Innovation Conference
Temecula, CA, Nov. 14, 2023 (GLOBE NEWSWIRE) -- GWSO today announced it will reveal its game-changing EcoHydroGen and TrinityPower Nexus systems at the Encountering Innovation conference in Kansas on November 13-17. EcoHydrogen and TrinityPower Nexus are first-of-its-kind systems that provide on-demand, infrastructure-free pure hydrogen and oxygen generation via breakthrough proprietary electrochemical reactors.
The revolutionary EcoHydroGen and TrinityPower Nexus systems simultaneously generate pure hydrogen and oxygen using proprietary electrochemical reactors. Its modular design, scalability, and dual functionality as a hydrogen and oxygen generator make EcoHydroGen and TrinityPower Nexus ideal solutions for a $20 billion military energy market. Moreover, the technology's ability to produce 99.999% pure hydrogen and oxygen without external systems or infrastructure ensures a cost-effective, environmentally friendly, and non-complex energy solution.
These revolutionary micro- hydrogen generators are designed for easy, long-term use. The compact, modular systems can operate continuously for over 14 years without maintenance. They only require de-ionized water and a proprietary chemical formula to produce pure hydrogen safely and efficiently.
Integrated AI, ML, and IoT enable fully autonomous optimization, simplifying operations without special training or skills needed. The scalable, plug-and-play units provide resilient, clean fuel/energy production for the long haul.
"EcoHydroGen and TrinityPower Nexus are poised to transform energy/fuel production," stated AQST CEO Raymond Caldas. "With unmatched efficiency and portability, these technologies empower localized, on-demand hydrogen and oxygen generation. The implications are far-reaching, enabling reduced costs, improved sustainability, and new capabilities across the energy value chain. We fully expect Nexus to catalyze innovation in power, agriculture, manufacturing, and healthcare. The potential is staggering."
"We're thrilled to demonstrate EcoHydroGen and TrinityPower Nexus' game-changing capabilities at this premier innovation showcase," said Joel Smith, President of AQST. "The DOD, DOE, and other agencies urgently need reliable, resilient, sustainable energy. EcoHydroGen and TrinityPower Nexus can provide affordable, portable, on-demand hydrogen and oxygen fuel without costly infrastructure. This event is the perfect opportunity to showcase its revolutionary advantages. The GWSO-AQST team is ready to highlight this transformative technology to key government decision-makers."
With multiple contracts already underway evaluating maritime uses, including one with the US Navy development program, The University of Southern Mississippi’s (USM) Roger F. Wicker Center of Ocean Enterprise, and another with the National Science Foundation, EcoHydroGen and TrinityPower Nexus has generated tremendous excitement among federal partners seeking cheaper, cleaner energy solutions.
"Encountering Innovation presents a tremendous opportunity to highlight EcoHydroGen and TrinityPower Nexus' immense promise as an energy breakthrough," said Michael Pallastro, CEO of GWSO. "We look forward to propelling its real-world adoption and capitalizing on a massive market opportunity."
GWSO has been working diligently to bring Nexus to market quickly. The company projects that sales of Nexus systems could reach $500 million annually within five years.
With thousands of attendees from the public and private sectors, Encountering Innovation has become one of the premier events to match federal agencies with revolutionary technologies. GWSO looks forward to forming valuable relationships at the conference to accelerate Nexus' impressive commercial momentum.
Contact:
Michael Pollastro
Chief Executive Officer
Global Warming Solutions Inc.
mpollastro@gwsogroup.com
About Global Warming Solutions Inc.
Global Warming Solutions Inc. (GWSO) is a worldwide developer of innovative technologies that address the urgent need to reduce greenhouse gas emissions. The company's breakthrough Nexus system is poised to disrupt the energy market and drive rapid growth.
Forward-Looking Statements
This press release contains forward-looking statements about the company's future revenue and growth projections. While these statements reflect management's current expectations, actual results may differ materially.
https://www.globenewswire.com/newsroom/ti?nf=ODk3ODc5MSM1OTI3MjYwIzIyMDE0MjM=
https://ml.globenewswire.com/media/MmFlYzlmOWQtZjNhNS00ZjgxLWEyODYtNmMxMTk0M2U5NTJkLTEyMTI5NzY=/tiny/Global-Warming-Solutions-Inc-.png Source: Global Warming Solutions, Inc.
© 2023 GlobeNewswire, Inc.
The point isn't whether he's gay or bisexual. Nothing wrong with either. The point is he's a hypocrite.
One bright spot, they list $7,583,357.00 in total assets and only $232,341.00 in long term debt and $19,855.00 in short term debt. The assets are probably the BULT shares that Bots received for selling them their ATM patents. See my post number 112446
I don't see any other revenue in the works. I guess we just have to hope that BULT is successful.
The company posted a new annual report declaration yesterday. This must have satisfied the current reporting requirement...
Bots Inc Form C-AR
BULT had a significant announcement today...
Bullet Blockchain Retains Law Firm to Pursue Unlicensed Violators of The Company’s Bitcoin ATM Intellectual Property
The Law Offices of J.S. Hindi has been retained to target unlicensed Bitcoin ATM operators and seek justice for consumers through litigation against violators
Bullet Blockchain’s Intellectual Property Portfolio is critical for Bitcoin ATM networks to operate and the Company plans to introduce several licensing programs for operators
Unlicensed Bitcoin ATMs have emerged as potential hazards, leaving users vulnerable to illicit activities, fraudulent transactions, and other financial risks
RENO, NV, Sept. 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain technologies and Web 3.0, announces the retention of the esteemed Law Offices of Jibrael S. Hindi, PLLC, South Florida's Premier Consumer Protection Law Firm. The retention aims to collaborate and fortify consumer protection within the realm of cryptocurrency by ensuring that Bitcoin ATM users are shielded from the risks associated with unlicensed Bitcoin ATMs violating BULT’s Bitcoin ATM patents.
As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents (the “IP Portfolio”). By virtue of its subsidiary, First Bitcoin Capital LLC, BULT’s IP Portfolio of combined patents are critical for Bitcoin ATM networks to operate. BULT plans to introduce several licensing programs for Bitcoin ATM manufacturers, which will include a per-transaction licensing fee, revenue share, or partner program with Bitcoin ATM owner-operators. As BULT’s first patent was filed in 2014, BULT will also be seeking royalties for past violations.
As the adoption of cryptocurrencies continues to surge, so do the concerns surrounding consumer safety. Unlicensed Bitcoin ATMs have emerged as potential hazards, leaving users vulnerable to illicit activities, fraudulent transactions, and other financial risks. Understanding the paramount importance of consumer protection, Bullet Blockchain has proactively taken this step to safeguard the interests of cryptocurrency enthusiasts.
The Law Offices of Jibrael S. Hindi brings a wealth of experience in consumer protection law, specializing in advocating for the rights of individuals facing issues related to financial services. With a proven track record of success and an unwavering commitment to upholding consumer rights, their collaboration with Bullet Blockchain is a significant stride towards creating a safer environment for Bitcoin ATM users.
"We are thrilled to join forces with the Law Offices of Jibrael S. Hindi to address a pressing concern in the cryptocurrency space," said Simon Rubin, CEO at Bullet Blockchain. "This collaboration exemplifies our dedication to not only providing innovative solutions but also ensuring that our users can engage with our products securely. By working together, we aim to set a new standard for consumer protection in the industry."
Bitcoin ATMs have experienced significant growth in the United States, driven by the increasing demand for convenient cryptocurrency transactions. According to the website CoinATM Radar, there were nearly 29,300 Bitcoin ATMs in the United States and nearly 2,800 Bitcoin ATMs in Canada as of the time of this release. Through the retention of The Law Offices of Jibrael S. Hindi, violators of BULT’s IP Portfolio will be aggressively pursued to bring those unlawful actors into compliance.
The retention and collaboration with The Law Offices of Jibrael S. Hindi reflect Bullet Blockchain's commitment to fostering a secure and transparent cryptocurrency ecosystem. By harnessing a team of industry leading legal experts, the Company aims to set an example for the entire industry, demonstrating the importance of collaboration in mitigating risks and safeguarding consumers.
“Protecting consumers and holding wrongdoers accountable in the financial industry is ingrained in the DNA of the firm,” says Jibrael Hindi, Managing Partner of The Law Offices of Jibrael S. Hindi, PLLC. “As technology and the crypto space advance at such a rapid rate, the skills and knowledge required by consumer protection firms must also be at the forefront of these leaps in technology. Working with Bullet Blockchain, my team will be able to adequately identify consumer risks and have the capability of addressing them from a legal enforcement perspective. My firm takes pride in investing significant resources to position itself as being the go-to firm to handle such tasks.”
About the Bitcoin ATM Industry
Bitcoin ATMs are becoming increasingly popular, as they offer a convenient way for people to access the Bitcoin market. As more people recognize the potential of Bitcoin and seek to participate in the Bitcoin market, the need for accessible on-ramps becomes crucial without relying on online brokers or exchanges. Bitcoin ATMs allow users to conveniently buy and sell Bitcoin for cash using a free-standing kiosk similar in size to a traditional ATM machine. The process is simple and secure, and users can typically complete a transaction in minutes. These automated machines allow individuals to buy or sell Bitcoin using cash, providing a seamless bridge between traditional fiat currency and the world of digital assets. As the adoption of cryptocurrencies continues to rise, the future of Bitcoin ATMs in the United States appears promising.
About Bullet Blockchain
Headquartered in Reno, Nevada, Bullet Blockchain Inc. – common stock is publicly traded on the OTC Markets under the symbol (BULT) – is a diversified software development and SaaS company, specializing in blockchain technologies and Web 3.0, and through its wholly owned subsidiary, First Bitcoin Capital LLC, the owner and licensor of two Bitcoin ATM patents. BULT is committed to driving the innovations needed to shape the future of digital and blockchain-related platforms through digital technology and decentralized blockchain solutions. Management is dedicated to rapid growth and increasing the shareholders’ value.
Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our OTC Markets’ disclosures, press releases, public conference calls, and webcasts. We also use social media to communicate with our email subscribers and the public about BULT, services, and other related information. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in BULT to review the information we post on BULT’s social media channels listed below. This list may be updated from time to time.
Follow us at:
Find BULT news at?http://www.BulletBlockchain.com
Follow BULT news on Twitter @BULT_stock
Follow BULT on Reddit at https://www.reddit.com/r/BULT/
Follow BULT on Facebook at https://www.facebook.com/BulletBlockchainInc/
Follow BULT on LinkedIn at www.linkedin.com/in/bullet-blockchain-inc
Find investor and general information at https://www.otcmarkets.com/stock/BULT/profile
For investor and general information, please email contact@BulletBlockchain.com
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change at some point in the future. However, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.
Contact us: contact@BulletBlockchain.com
Since we didn't receive a dividend, the shares of BULT which Bots received for selling its Bitcoin ATM patents to BULT are still owned by BTZI...
OTC Markets Disclosure - 12/08/2022 Supplemental Information
5. A description of any material agreements or other events related to the Change in Control.
On or about August 22, 2022, Bradley Rudman was appointed as an officer and director of the
Company. Subsequently, Imran Ellis resigned as an officer and director of the Company. On
September 9, 2022, the Company entered into that certain Asset Purchase Agreement to
acquire certain assets and intellectual property from Bots, Inc. and issued Bots, Inc.
250,000,000 shares of the Company’s common stock. On September 29, 2022, Simon Rubin
and Yuri Abramov were each appointed to the Board of Directors and Simon Rubin was
appointed as the Company’s Chief Executive Officer. On September 30, 2022, Bradley Rudman
resigned as an officer and director of the Company
The Law Offices of J.S. Hindi has been retained to target unlicensed Bitcoin ATM operators and seek justice for consumers through litigation against violators
Bullet Blockchain’s Intellectual Property Portfolio is critical for Bitcoin ATM networks to operate and the Company plans to introduce several licensing programs for operators
Unlicensed Bitcoin ATMs have emerged as potential hazards, leaving users vulnerable to illicit activities, fraudulent transactions, and other financial risks
RENO, NV, Sept. 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Bullet Blockchain, Inc. (“BULT” or the “Company”), (OTC: BULT), a pioneering software development and SaaS company at the forefront of blockchain technologies and Web 3.0, announces the retention of the esteemed Law Offices of Jibrael S. Hindi, PLLC, South Florida's Premier Consumer Protection Law Firm. The retention aims to collaborate and fortify consumer protection within the realm of cryptocurrency by ensuring that Bitcoin ATM users are shielded from the risks associated with unlicensed Bitcoin ATMs violating BULT’s Bitcoin ATM patents.
As previously announced, BULT acquired First Bitcoin Capital LLC, which owned an intellectual property portfolio consisting of the rights to two Bitcoin ATM patents (the “IP Portfolio”). By virtue of its subsidiary, First Bitcoin Capital LLC, BULT’s IP Portfolio of combined patents are critical for Bitcoin ATM networks to operate. BULT plans to introduce several licensing programs for Bitcoin ATM manufacturers, which will include a per-transaction licensing fee, revenue share, or partner program with Bitcoin ATM owner-operators. As BULT’s first patent was filed in 2014, BULT will also be seeking royalties for past violations.
As the adoption of cryptocurrencies continues to surge, so do the concerns surrounding consumer safety. Unlicensed Bitcoin ATMs have emerged as potential hazards, leaving users vulnerable to illicit activities, fraudulent transactions, and other financial risks. Understanding the paramount importance of consumer protection, Bullet Blockchain has proactively taken this step to safeguard the interests of cryptocurrency enthusiasts.
The Law Offices of Jibrael S. Hindi brings a wealth of experience in consumer protection law, specializing in advocating for the rights of individuals facing issues related to financial services. With a proven track record of success and an unwavering commitment to upholding consumer rights, their collaboration with Bullet Blockchain is a significant stride towards creating a safer environment for Bitcoin ATM users.
"We are thrilled to join forces with the Law Offices of Jibrael S. Hindi to address a pressing concern in the cryptocurrency space," said Simon Rubin, CEO at Bullet Blockchain. "This collaboration exemplifies our dedication to not only providing innovative solutions but also ensuring that our users can engage with our products securely. By working together, we aim to set a new standard for consumer protection in the industry."
Bitcoin ATMs have experienced significant growth in the United States, driven by the increasing demand for convenient cryptocurrency transactions. According to the website CoinATM Radar, there were nearly 29,300 Bitcoin ATMs in the United States and nearly 2,800 Bitcoin ATMs in Canada as of the time of this release. Through the retention of The Law Offices of Jibrael S. Hindi, violators of BULT’s IP Portfolio will be aggressively pursued to bring those unlawful actors into compliance.
The retention and collaboration with The Law Offices of Jibrael S. Hindi reflect Bullet Blockchain's commitment to fostering a secure and transparent cryptocurrency ecosystem. By harnessing a team of industry leading legal experts, the Company aims to set an example for the entire industry, demonstrating the importance of collaboration in mitigating risks and safeguarding consumers.
“Protecting consumers and holding wrongdoers accountable in the financial industry is ingrained in the DNA of the firm,” says Jibrael Hindi, Managing Partner of The Law Offices of Jibrael S. Hindi, PLLC. “As technology and the crypto space advance at such a rapid rate, the skills and knowledge required by consumer protection firms must also be at the forefront of these leaps in technology. Working with Bullet Blockchain, my team will be able to adequately identify consumer risks and have the capability of addressing them from a legal enforcement perspective. My firm takes pride in investing significant resources to position itself as being the go-to firm to handle such tasks.”
About the Bitcoin ATM Industry
Bitcoin ATMs are becoming increasingly popular, as they offer a convenient way for people to access the Bitcoin market. As more people recognize the potential of Bitcoin and seek to participate in the Bitcoin market, the need for accessible on-ramps becomes crucial without relying on online brokers or exchanges. Bitcoin ATMs allow users to conveniently buy and sell Bitcoin for cash using a free-standing kiosk similar in size to a traditional ATM machine. The process is simple and secure, and users can typically complete a transaction in minutes. These automated machines allow individuals to buy or sell Bitcoin using cash, providing a seamless bridge between traditional fiat currency and the world of digital assets. As the adoption of cryptocurrencies continues to rise, the future of Bitcoin ATMs in the United States appears promising.
About Bullet Blockchain
Headquartered in Reno, Nevada, Bullet Blockchain Inc. – common stock is publicly traded on the OTC Markets under the symbol (BULT) – is a diversified software development and SaaS company, specializing in blockchain technologies and Web 3.0, and through its wholly owned subsidiary, First Bitcoin Capital LLC, the owner and licensor of two Bitcoin ATM patents. BULT is committed to driving the innovations needed to shape the future of digital and blockchain-related platforms through digital technology and decentralized blockchain solutions. Management is dedicated to rapid growth and increasing the shareholders’ value.
Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our OTC Markets’ disclosures, press releases, public conference calls, and webcasts. We also use social media to communicate with our email subscribers and the public about BULT, services, and other related information. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in BULT to review the information we post on BULT’s social media channels listed below. This list may be updated from time to time.
Follow us at:
Find BULT news at?http://www.BulletBlockchain.com
Follow BULT news on Twitter @BULT_stock
Follow BULT on Reddit at https://www.reddit.com/r/BULT/
Follow BULT on Facebook at https://www.facebook.com/BulletBlockchainInc/
Follow BULT on LinkedIn at www.linkedin.com/in/bullet-blockchain-inc
Find investor and general information at https://www.otcmarkets.com/stock/BULT/profile
For investor and general information, please email contact@BulletBlockchain.com
Forward-Looking Statements:
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change at some point in the future. However, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.
Contact us: contact@BulletBlockchain.com
This is just further proof that the Biden administration is balancing the need for increased oil production with the need for environmental protections. Before cancelling Trump's sloppy environmental reviewed sale in ANWAR (the Alaska National Wildlife Refuge), Biden, last March, approved drilling for the Willow Project, another Alaska lease site.
Biden ends drilling in ANWR, sparking criticism, as Willow Project moves forward
The original sale, held during the last weeks of the Trump Administration, drew unexpectedly little industry interest. Major oil companies did not participate, and the state of Alaska was the largest bidder.
Sen. Lisa Murkowski told reporters on the Hill she wants to put pressure on Biden to reverse his decision but cautioned that it's "incredible to think that people are going to trust this administration on anything related to oil in Alaska."
Haaland said the environmental reviews done under the Trump administration to allow the lease sales were "fundamentally flawed and based on a number of fundamental legal deficiencies."
According to a Biden White House release, this includes failure to adequately analyze a reasonable range of alternatives and properly quantify downstream greenhouse gas emissions, as well as failure to properly interpret the 2017 tax law.
The administration said Wednesday's announcement "does not impact valid existing rights" from developing leases.
Environmental groups cheer, with caution
The refuge, commonly referred to as ANWR, is a habitat for wildlife, including grizzly and polar bears, caribou and hundreds of thousands of migratory birds. It has been the center of an ongoing political and legal battle related to drilling for decades. Wednesday's announcement was largely applauded by environmental protection groups.
The White House also announced new protections for millions of acres across Alaska's North Slope and in the Arctic Ocean. Over 13 million acres in the National Petroleum Reserve-Alaska (NPR-A), a vast swath of land on Alaska's North Slope, will be off limits to oil and gas drilling, following up on a proposal earlier this year.
While the new regulations will block new oil and gas leases in the protected areas, they will not block the development of existing leases in the NPR-A, including ConocoPhillips' controversial Willow Project.
Alaska oil drilling projects have been top of mind for both the administration and voters this year. The latest announcement comes several months after Biden approved the Willow project, the biggest new oil development in Alaska in decades, resulting in blowback to the administration.
The Biden administration has approved a massive new oil drilling project in Alaska, over the objections of environmental advocates who have said greenlighting the plan would violate the president's climate goals.
It came a day after the administration said it was blocking or limiting drilling elsewhere in the state.
The government on Monday approved a scaled-down version of the so-called Willow project, which means the energy firm ConocoPhillips can move ahead with its plans to drill in the National Petroleum Reserve, located on the state's North Slope. The company says the project has the potential to produce 180,000 barrels of oil per day.
Proponents have suggested that the Willow project will lower oil prices and bolster national security, but Monday's announcement drew ire from environmental advocates who've called the proposal a "carbon bomb" and argue it could worsen climate change, harm biodiversity and slow a transition to cleaner fuels...
...Within Alaska, the Willow project has enjoyed broad support from federal and state lawmakers, labor unions and Alaska Native leaders — many of whom have touted the potential for new jobs and increased revenue.
"We did it, Alaska!" said Republican Sen. Lisa Murkowski, who supported the project. "What a huge and needed victory for all Alaska. This project will produce lasting economic and security benefits for our state and the nation."
The project will include more than 200 wells spread across three drilling pads and miles of pipelines and roads.
Ryan Lance, ConocoPhillips chairman and chief executive officer, applauded the Biden administration's approval.
"Willow fits within the Biden Administration's priorities on environmental and social justice, facilitating the energy transition and enhancing our energy security, all while creating good union jobs and providing benefits to Alaska Native communities," Lance said.
ConocoPhillips said the project could generate as much as $17 billion in new revenue for federal, state and local governments. The company also said it would create 2,500 construction jobs and roughly 300 permanent jobs.
The government's announcement on Sunday blocks drilling in roughly 3 million acres of the Beaufort Sea and restricts drilling in another 13 million acres of Alaska's National Petroleum Reserve.
Regarding:
So we have we have higher production in spite of the hostility
My bad, you were right. they're on the expert market now.