Pressland Announces Commercial Partnership with Membit, Augmented Reality Photo-Sharing App
360 Blockchain Inc. ("360" or the "Company")is pleased to announce that its wholly owned portfolio company Pressland has signed a letter of intent to form a commercial partnership with Membit Inc., maker of the Membit augmented reality (AR) photo-sharing app for iOS. The New York City-based startup will license Pressland's data to help verify original journalism produced on its platform.360 Blockchain Expands Cryptocurrency Mining Operation
360 Blockchain Inc. ("360" or the "Company") announces that SV CryptoLab, the Company's previously noted proposed acquisition, has expanded its cryptocurrency mining operation to include on-site Bitcoin mining. Cryptocurrency mining is the computationally intense process that allows Bitcoin transactions to be verified and added to the public ledger, called the blockchain, and which results in the release of new Bitcoins.360 Blockchain Inc. Announces Execution of Letter of Intent for Proposed Acquisition of Pressland
360 Blockchain Inc. ("360" or the "Company") is pleased to announce it has executed a letter of intent to acquire 70% of the media directory and website Pressland (press.land) from Chaotic Neutral LLC, which letter of intent is subject to closing conditions usual to transactions of this type, including exchange approval. Under the direction of 360's strategic advisor, Jeff Koyen, Pressland will become a blockchain-powered platform dedicated to debunking fake news.