BIG Blockchain Intelligence Group Inc. ("BIG"), a leading developer of Blockchain technology search,
risk-scoring and data analytics solutions, has signed a client agreement with Einstein Exchange, Canada’s largest and fastest
growing exchange, for the use of BIG's full suite of cryptocurrency security tools and services, including but not limited
to:
- BitRank VerifiedTM transaction risk-scoring service, QLUETM cryptocurrency investigation platform, and
custom Forensic Services Division
- BIG will be paid fees for: API queries; a monthly seat license; BIG’s Forensic Services Division to assist in more severe
investigations where case files will be provided to Law Enforcement
- Results to include increased confidence in meeting regulatory compliance & support for AML (Anti-Money Laundering)
efforts
VANCOUVER, B.C., June 28, 2018 (GLOBE NEWSWIRE) -- BIG Blockchain Intelligence Group Inc.
("BIG" or "the Company") (CSE:BIGG)(WKN:A2JSKG)(OTC:BBKCF), a leading developer of Blockchain technology search, risk-scoring and
data analytics solutions, is pleased to announce the Company has signed a client agreement (the “Agreement”) with Einstein Exchange
(“Einstein”) for the use of BIG's full suite of cryptocurrency security tools and services, including our transaction risk-scoring
BitRank VerifiedTM service, our QLUETM cryptocurrency investigation platform, and our custom Forensic
Services Division.
BIG’s comprehensive suite of tools and services will enable Einstein Exchange to:
- reduce the exchange’s risk exposure related to cryptocurrencies;
- increase confidence in meeting regulatory compliance;
- increase security through Anti-Money Laundering (AML) efforts;
- deliver transparency regarding the legitimacy of transactions;
- create a deterrence against criminal elements that could engage in illicit activity; and,
- provide assurance to their customers that measures are in place to strongly curtail illicit transactions or reduce the amount
of illicit funds that would have otherwise transacted.
Under the Agreement, BIG will be:
(a) paid a fee on Bitcoin transactions processed through Einstein’s exchange platform that utilize BIG’s
proprietary BitRank VerifiedTM service;
(b) paid a monthly licensing fee for access to BIG's QLUETM platform;
(c) paid on an as-needed basis for the Forensic Services Division team of investigative experts to perform and
deliver custom forensic investigations in cases of irregularities or security issues that require in-depth expertise and
experience, either in conjunction with or supplemental to BIG’s BitRank VerifiedTM and QLUETM tools.
Einstein is the leading cryptocurrency exchange and one of the world’s largest and fastest growing exchanges by
trading volume. The exchange is fully transparent, collaborates with global financial institutions and regulatory agencies, and
engages in rigorous anti-money laundering (AML) and customer verification (KYC) policies as part of its focus on security and
safety of wallets. Einstein also represents a team of forward-looking and innovative FinTech experts with out-of-the-box thinking
that includes an initiative to tackle the fentanyl epidemic by forming partnerships with other exchanges to create a global
database of “bad wallet holders” linked to fentanyl arrests and indictments, which they will use to stop their customers from
sending cryptocurrency to these “bad wallets” from their exchange accounts.
“We’re very excited to count Einstein Exchange among our clients and contribute to providing people with a
simple, secure and transparent method to invest in cryptocurrency,” said BIG CEO, Lance Morginn. “This is the first case
of an exchange utilizing all of BIG's products and services. This partnership represents a new industry standard of safety for
other organizations to follow in the financial space, where they can deal with cryptocurrencies in confidence, transparency and
security as they meet compliance regulations and engage in AML. We’re looking forward to working closely with the dedicated team at
Einstein Exchange to bring cryptocurrency mainstream.”
Einstein Exchange’s CEO, Michael Gokturk, commented: “With the BitRank VerifiedTM product
embedded into our existing platform, and BIG's QLUETM engine and their Forensic Services Division at our disposal, we
can offer our customers the highest security and peace of mind to date when they look to invest in cryptocurrency. To say that
we’re rigorous in our AML and security protocols would be an understatement, especially with BIG's suite of solutions in our
corner.”
Einstein will embed BIG’s BitRank VerifiedTM technology into the Einstein exchange platform to
validate inbound and outbound funds and transactions by identifying whether they are associated with entities or exchanges
connected with criminal elements.
When BitRank VerifiedTM flags questionable or illegitimate transactions, Einstein will use
QLUETM (Qualitative Law Enforcement Unified Edge) to perform due diligence and blockchain security investigations at
greater forensic depth by exploring where the related funds are coming from and the security profiles of the entities involved.
When security issues are more significant or complex, BIG's in-house Forensic Services Division will provide
Einstein with the greatest level of insight and identification of the entities involved in the given transactions.
On behalf of the Board,
Lance Morginn
Chief Executive Officer
About BIG Blockchain Intelligence Group Inc.
BIG Blockchain Intelligence Group Inc. (BIG) brings security and accountability to the new era of
cryptocurrency. BIG has developed from the ground up a Blockchain-agnostic search and analytics engine, QLUETM, enabling
Law Enforcement, RegTech, Regulators and Government Agencies to visually trace, track and monitor cryptocurrency transactions at a
forensic level. Our commercial product, BitRank VerifiedTM, offers a “risk score” for Bitcoin wallets, enabling RegTech,
banks, ATMs, exchanges and retailers to meet traditional regulatory/compliance requirements. Our Forensic Services Division brings
our team of investigative experts into action for investigations that require in-depth expertise and experience, either in
conjunction with or supplemental to our user-friendly search, risk-scoring and data analytics tools.
About BitRank VerifiedTM
BIG developed BitRank VerifiedTM to be the industry gold standard in ranking and verifying
cryptocurrency transactions. BitRank VerifiedTM offers the financial world a simplified front-end results page, enabling
consumer-facing bank tellers, bitcoin ATM operators, cryptocurrency exchanges, eCommerce sites and retailers to know whether a
proposed transaction is safe to accept, questionable, or should be denied. BitRank VerifiedTM and its API are custom
tailored to provide the RegTech sector, ICOs, banks and investment funds with a reliable tool for meeting their regulatory
requirements while mitigating exposure to risk of money laundering or other criminal activities.
About QLUETM
QLUE™ (Qualitative Law Enforcement Unified Edge) enables Law Enforcement, RegTech, Regulators and Government
Agencies to literally “follow the virtual money”. QLUE™ incorporates advanced techniques and unique search algorithms to detect
suspicious activity within bitcoin and cryptocurrency transactions, enabling investigators to quickly and visually trace, track and
monitor transactions in their fight against terrorist financing, human trafficking, drug trafficking, weapons trafficking, child
pornography, corruption, bribery, money laundering, and other cyber crimes.
Investor Relations - USA
KCSA Strategic Communications
Valter Pinto, Managing Director
Scott Eckstein, VP of Market Intelligence
email: BlockChainGroup@KCSA.com
D: +1-212-896-1254
Investor Relations - Canada
Skanderbeg Capital Advisors
Adam Ross
email: adam@skanderbegcapital.com
P: +1-604-687-7130
BIG Investor Relations
Anthony Zelen
D: +1-778-819-8705
email: anthony@blockchaingroup.io
For more information and to register to BIG’s mailing list, please visit our website at https://www.blockchaingroup.io/. Follow @blocksearch on
Twitter. Or visit SEDAR at www.sedar.com.
Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which include completion of the search
technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including
any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be
identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and
“continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking
statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their
nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and
specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking
statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in
general and capital markets in particular, and other factors, many of which are beyond the control of BIG. Forward-looking
statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be
placed on the forward-looking information because BIG can give no assurance that they will prove to be correct. Important factors
that could cause actual results to differ materially from BIG’s expectations include, consumer sentiment towards BIG’s products and
Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual
obligations.
The forward-looking statements contained in this press release are made as of the date of this press release.
Except as required by law, BIG disclaims any intention and assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise. Additionally, BIG undertakes no obligation to
comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.