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DMG Blockchain Solutions (OTC:DMGGF) provides investor update



DMG Blockchain Solutions (TSXV: DMGI) (OTC:DMGGF) recently updated investors on recent company developments.

Their flagship mining facility currently hosting more than 10,000 individual miners to sit at 12 percent of total facility capacity. DMG launched new Innosilican and Bitmain miners, which, along with an increasing Bitcoin price, has them optimistic about short-term revenue growth.

DMG said it is collaborating with an ASIC (chip) manufacturer to provide a “disruptive” pricing model focused on institutional clients. They also release Walletscore, their AML software, and completed the related API. It covers Bitcoin and Ehereum, with future updates addressing additional ERC-20 tokens in the future. Walletscore and Blockseer are being promoted in Europe in conjunction with local partner Spirit Blockchain Capital.

Two American law firms have been hired to conduct forensic services related to legal investigations against some ICO firms.

“DMG uses its expertise as well as its software, including Blockseer and Walletscore, to perform these complicated forensic audits,” the company said in a statement. “DMG sees a tremendous opportunity to expand its forensics practice, and is currently also in discussions with Canadian firms who need to undertake forensic audits.”

DMG finds itself on the receiving end of a complaint filed in British Columbia Supreme Court by former client Bitmaster. They believe the claim is without merit.

IBM Canada is working with DMG to develop a global blockchain platform for regulated products. “Wazabi” will be released at the Arcview Conference in Vancouver on April 23.

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