MainBloq is thrilled to announce being acquired by Fernhill Corp, a blockchain infrastructure platform optimizing & automating the digital asset ecosystem

LAS VEGAS, NV / ACCESSWIRE / November 15, 2021 / Fernhill Corp (OTC PINK:FERN) is pleased to announce that it has completed its acquisition of MainBloq, a groundbreaking digital asset trading platform serving both banks and hedge funds. MainBloq's software platform, API and services deliver automated algorithmic trading, smart order routing, and customized trading solutions that optimize digital asset trading operations with connectivity to over 30 of the top crypto exchanges globally. MainBloq's platform bridges the gap for digital asset trading and provides institutional capabilities similar to more traditional fx, derivative, and equities trading platforms.

"We could not be more excited about this acquisition," said Marc Lasky CEO of Fernhill. "As we searched for an acquisition target, MainBloq met and exceeded all of the criteria we had put in place. Not only is MainBloq an exceptional product, with a world class management team, but their state-of-the-art proprietary technology fits perfectly with our short term and long-term goals of becoming a leader in the blockchain and digital asset industry. In addition, the synergies are very compelling when combining MainBloq with our Crypto Mining OS, PerfectMine. This truly enables Fernhill to become a one stop shop for all things crypto, from mining to trading and beyond."

With the MainBloq acquisition in place, Fernhill plans on developing a larger digital asset mining and trading ecosystem that combines the capabilities and resources to simplify, optimize and automate the ability for people and businesses globally to participate in the crypto industry.

Fernhill is proud to announce that the acquisition of MainBloq also comes with the addition of three new members to the Company's Board of Directors, Chris Kern, Peter Bordes, and Ryan Kuiken.

Chris Kern, Fernhill's strategic advisor and investor, is a 25+ year technology finance and M&A specialist that has been involved in several high-tech companies as an investment banker, senior executive, board member, investor and advisor where he completed over $650 million in transactions. Over the past 20 years, Chris has worked with a wide variety of financial service firms and investment banks such as Fisher Francis Trees and Watts, Lehman Brothers, Maximum Venture, Gunn Allen and New Century Capital Partners. Chris also has been an investor, advisor and director of strategy for FinTech and blockchain companies such as Latium, RadJav, FogChain, and ClickIPO. Chris will be joining Fernhill as its Chairman of the Board of Directors.

"Today is a very exciting day for Fernhill as we carve our path in the digital asset economy and complete the incredible acquisition of MainBloq, said Fernhill's newly appointed Chairman of the Board Chris Kern. "I'm also very thankful for having leaders and forward thinkers like Ryan and Peter join Fernhill's Board of Directors, both of whom have had great success with building companies, leading teams and driving a long-term strategic vision. As a combined force, I'm extremely confident in our abilities to become one of the leading ecosystems for digital asset mining and trading, and achieving many great things together, including uplisting to Nasdaq."

Ryan Kuiken, MainBloq's founder and CEO, has over 10 years of high-level sales and business development experience with companies such as T-Mobile and PayChex where he was awarded the #1 national sales rank for both firms. Ryan is also a partner in Bull Run Capital, a private digital asset trading fund focused on DeFi trading. Ryan will oversee and manage the overall execution of the growth plan and vision for MainBloq in coordination with Fernhill, and will be an observer of the Company's Board of Directors.

"To be honest, we were not even looking to be acquired, as we have been diligently working towards perfecting our technology," said MainBloq CEO/Founder Ryan Kuiken, "however, once Fernhill approached us, we immediately saw the synergies and long-term benefits to a partnership. They have a great team and we love their vision, so it's really the perfect opportunity to accomplish our goals in digital asset trading and DeFi."

Peter Bordes, MainBloq's Chairman and Founder, is a 30+ year technology entrepreneur, investor, advisor, board member and trusted growth hacker for a wide range of public and private companies which include being the CEO of Kubient (Nasdaq: KBNT) and member of the Board of Directors, Managing Partner of Trajectory Capital, a venture banking and venture investing platform, Board member and interim CEO for Alfi Technologies (Nasdaq: ALFI), as well as serving on the board of directors of Beasley Broadcast Group (Nasdaq: BBGI) and Chairs the digital transformation committee. Peter will be joining Fernhill as a member of the Board of Directors.

"I couldn't be more excited to join forces with Fernhill to accelerate our shared vision and journey, building the modern cloud infrastructure for the global cryptocurrency economy," said newly appointed Board member Peter Bordes. "Our combined teams' experience, resources and technology give us the core foundational building blocks to build our end to end ecosystem of crypto and blockchain applications, and infrastructure to power traditional and digital asset finance."

About Fernhill:

Fernhill Corp is a diversified technology holding company that has interests in and seeks to acquire, build and develop businesses in mobile applications, digital assets, SaaS, and FinTech space with a principal focus in the cryptocurrency and blockchain industries, as well as other technologies that address the world's leading environmental and social concerns. Fernhill supports and pursues ESG initiatives and is Signatory Member of the Crypto Climate Accord (CCA).

For all official Fernhill corporate information, please refer to our filings, news and updates on the following resources:

OTC Markets

Nevada SOS

Fernhill Twitter

Fernhill Facebook

Fernhill Linkedin


Company Contact Information:

MainBloq Website:

MainBloq Twitter

MainBloq Facebook

MainBloq Linkedin

Any other links are not official & should be taken as such nor have anything to do with Fernhill Corp or it's subsidiaries.

#$FERN #FernhillCorp #MakeCryptoGreen #CryptoCurrencies #GreenMiningPools #FinTech #SaaS #CryptoClimateAccord #PerfectMine #CryptoMining #MainBloq #DigitalAssetTrading

Forward-Looking Statements: This release includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute 'forward-looking statements.' Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words 'estimate', 'project', 'intend', 'forecast', 'anticipate', 'plan', 'planning', 'expect', 'believe', 'will likely', 'should', 'could', 'would', 'may' or words or expressions of similar meaning. Such statements are not guaranteeing of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced vendors, services or components, and various other factors beyond the Company's control.

Coinbase sees high user growth ahead of IPO this week

In a report released on April 6, the Coinbase cryptocurrency exchange claimed to have an estimated 56 million verified customers in Q1 2021—that’s an additional 13 million since Q4 2020.

In Q1 2021, Coinbase saw a 117% increase in transacting users compared to Q4 2020, from 2.8 million to 6.1 million. That’s the highest jump in users in the last three years:

  • Coinbase added 3.3 million transacting users in Q1 2021 – a 117% increase
  • The platform is no the largest cryptocurrency exchange in the United States
  • Over $133 billion in assets were added to the digital asset platform, totaling $223 billion in Q1 2021

Why Bitcoin investors are increasingly focused on the long term.

The market is thinking about Bitcoin differently

This chart shows the duration of how long investors have been holding onto the cryptocurrency, by the percentage of supply.

  • Bitcoin investors are increasingly long-term focused. In 2020, 57% of bitcoin’s (BTC) supply was held onto for more than a year
  • Today, nearly 22% of BTC supply is held for more than five years
  • Bitcoin hit a $1 trillion market cap milestone in the first quarter of 2021

According to research from Ark Invest, investors are holding onto bitcoin for longer and longer durations. By holding the asset rather than selling, it decreases the supply of coins available on the market at any given moment, which can drive up price. This suggests that market participants see the long-term value and potential future payoff the asset possesses.

In the past, durations of days and months were the most common holding periods for bitcoin investors, while holding for more than a year was practically non-existent up until recently.

BTC Duration Held % of BTC Supply
>5 years 21.80%
3 to 5 years 13.38%
2 to 3 years 10.99%
1 to 2 years 10.70%
6 months to 1 year 8.30%
3 months to 6 months 7.07%
1 day to 3 months 27.76%

Bitcoin should be worth about $400,000 says Guggenheim Partners CIO Scott Minerd

  • Bitcoin should be worth $400,000 based on its finite supply and value compared with gold, Guggenheim's Scott Minerd told Bloomberg on Wednesday.
  • "Our fundamental work shows that bitcoin should be worth about $400,000," he said. "It's based on the scarcity and relative valuation such as things like gold as a percentage of GDP."
  • His comments came on the day bitcoin crossed $20,000 for the first time.



Guggenheim Partners CIO Scott Minerd asserted on BloombergWednesday that bitcoin's current price is well below fair value and that given its scarcity and the “rampant money printing” by the Fed, the digital token should eventually climb to about $400,000 per coin.

By the numbers: Bitcoin rose above $23,000 overnight (our data viz team made this chart at 3:40pm yesterday) bringing its 2020 gain to more than 200%.

  • Last month, Guggenheim filed to reserve the right to invest as much as 10% of its $5.3 billion Macro Opportunities Fund in the Grayscale Bitcoin Trust, which invests solely in the cryptocurrency.

What he's saying: “Our fundamental work shows that bitcoin should be worth about $400,000,” Minerd said. “It’s based on the scarcity and relative valuation such as things like gold as a percentage of GDP. So you know, bitcoin actually has a lot of the attributes of gold and at the same time has an unusual value in terms of transactions.”

  • Similarly, hedge fund manager Paul Tudor Jones said earlier this year he’s been buying bitcoin as a hedge against inflation after years of muted price increases.

Bulls on parade: “We have a new line in the sand and the focus shifts to the next round number of $30,000,” Antoni Trenchev, co-founder and managing partner of Nexo, a crypto lender, told Bloomberg.

  • This “is the start of a new chapter for bitcoin. It’s a narrative the media and retail crowd can properly latch onto because they’ve been noticeably absent from this rally.”

Many of bitcoin's attributes are similar to gold, and it also has an unusual value in terms of transactions carried out, he said. Minerd's comments echo those of an incoming Senator Cynthia Lummis who thinks bitcoin is a better store of value than paper money because of its finite supply. The Senator-elect plans to teach Congress how to use bitcoin to reduce US national debt when she assumes office in January.

Guggenheim is among the institutional players that are validating bitcoin's legitimacy as a reserve asset. The firm last month filed to reserve the right for 10% of its $5.3 billion Macro Opportunities Fund to invest in the Grayscale Bitcoin Trust, a bitcoin-focused investment vehicle.

Three major players are holding up the massive interest around bitcoin this year. That can be pinned down to enthusiasm from institutional investors, Wall Street professionals, and retail investor participation, according to Garrick Hileman, head of research at

According to Hileman, as many as 100 million people own crypto assets.

Congress unveiled a new legislation focused on the regulation of stablecoin issuers and service providers

Three House Democrats have unveiled a new piece of legislation focused on the regulation of stablecoins issuers and companies that provide stablecoin-related services. The new Congressional bill says it would be 'unlawful' to issue stablecoins, 'provide any stablecoin-related service' without federal approval.

According to the text of the bill, the draftees appear to be casting a wide regulatory net to cover those that issue stablecoins or provide business services related to them.

As the text states:

"It shall be unlawful for any person to issue a stablecoin or stablecoin-related product, to provide any stablecoin-related service, or otherwise engage in any stablecoin-related commercial activity, including activity involving stablecoins issued by other persons, without obtaining written approval in advance, and on an ongoing basis, from the appropriate Federal banking agency, the Corporation, and the Board of Governors of the Federal Reserve System."

The draft bill, if approved, "would protect consumers from the risks posed by emerging digital payment instruments, such as Facebook’s Libra and other Stablecoins currently offered in the market, by regulating their issuance and related commercial activities," according to a statement published by the office of Rep. Rashida Tlaib.

The bill would notably mandate that "any prospective issuer of a stablecoin to obtain a banking charter" and "that any company offering stablecoin services must follow the appropriate banking regulations under the existing regulatory jurisdictions." The legislation was put forward by Tlaib along with Reps. Stephen Lynch and Jesús García — all of whom signed a letter that took aim at U.S. Comptroller Brian Brooks for his focus on cryptocurrency-related issues earlier this month.

Stablecoins are cryptocurrencies designed to minimize the volatility of the price of the stablecoin, relative to some "stable" asset or basket of assets. A stablecoin can be pegged to a cryptocurrency, fiat money, or to exchange-traded commodities (such as precious metals or industrial metals).

Tyler Winklevoss thinks the Realization ‘cash is trash’ could have Bitcoin hitting $500,000

Also Read:

‘Cash is trash…and [high-profile investors] realize it…At some point, it is hard to look at those data points and say that bitcoin isn’t an incredible store of value.’

— Tyler Winklevoss

The Winklevoss twins see bitcoin’s market value one day hitting $9 trillion


“Our thesis is that Bitcoin is gold 2.0 and it will disrupt gold. If it does that it has to have a market cap of $9 trillion. So we think bitcoin could price one day at $500,000 a bitcoin. So at $18,000 bitcoin it’s a hold or if you don’t have any its a buy opportunity because we think there’s a 25x from here,” Tyler expounded.

“We think bitcoin’s here to stay,” said Tyler, who explained that his prediction for much higher prices for bitcoin are based on a number of factors but not least of all the recognition by high-profile investors, including Paul Tudor Jones and Stanley Druckenmiller, who have recently “extolled the virtues” of the nascent asset, which was created in 2009.

Ark Investment CEO Cathie Wood appeared at the virtual investing in tech seminar put on by Barron's where she discussed the rise of Bitcoin.

What Happened: Wood told viewers the 160% year-to-date increase for the price of Bitcoin could be just the beginning.

Wood said the decision by the Fed to keep interest rates low, Bitcoin being a digital alternative to gold and an insurance policy against inflation as reasons why Bitcoin has increased in price.

The increase in institutional investors getting involved in Bitcoin is where Wood sees the price increasing further.

Wood said it reminds her of the early days of institutions beginning to make small allocations to real estate and emerging markets. She said the allocations started at 0.5% and then rose to 5%.

If institutions allocated mid-single-digit amounts to Bitcoin, it would take the price to a range of $400,000 to $500,000.

There will only be a supply of 21 million Bitcoin, with 18.5 million currently in existence.


IBM Webcast: digital asset custody client conversations with the MainBloq

As you may have read, we’ve partnered with IBM to deliver best-in-class security for our clients and partners. We’re thrilled to announce we have been invited to participate in a blockchain webcast

We’ll be discussing digital asset trading—how it has evolved over the years, where it is going, and how the players are changing

JOIN US with IBM on Wed, Nov 4, 2020 2:00 PM CET (8:00 AM EST)



Speaking With MainBloq Co-Founder Ryan Kuiken

MainBloq is a leading institutional-grade, digital asset, performance trading technology. Integrating via API directly into our customers' front ends and communicating via FIX, we are able to provide an unparalleled trading experience. Our capabilities include customization of complex algorithmic trading strategies as well as out of the box configurable algorithms and strategies.




Andrea Corbelli, IBM Global Technical Lead 

Andrea Corbelli is an IBM technical leader, working with large enterprises, government agencies, and Fintech companies in projects for Blockchain, Digital Asset Custody, Hybrid Cloud, Data Security & Privacy. After starting his career in IBM as UNIX and Linux IT specialist, he held several positions as technical manager in Italy, Europe, and at the global level, leading IBM professionals in technical sales, lab services, and client centers roles, to help clients in designing their Infrastructure Architecture for Digital Transformation.





Peter DeMeo, Head of IBM Hyper Protect Digital Assets Platform, IBM Systems

Peter globally leads IBM Systems technology solutions for crypto assets to power institutional digital asset custody, exchange wallets, and tokenization solutions requiring advanced secure private key management. Peter is responsible for market development, technology roadmaps, and building sales and services infrastructure. As a certified design thinking facilitator, Peter also helps clients enhance their solution’s capabilities by leveraging IBM’s Hyper Protect Services on-premise and on the IBM Cloud. Peter is a regular speaker at blockchain conferences. Prior to his relocation to the Asia Pacific from Washington DC in 2013, he was practice leader for Enterprise Architecture, including the divisions large scale software development efforts and IT strategy consulting for US Federal clients including the Federal Aviation Administration, Federal Depository and Trust Corporation, Department of Defense, and  Department of Homeland Security. He was also a contributing author to enterprise architecture publication: Coherency Management: Architecting the Enterprise for Alignment, Agility, and Assurance (2009).


Colin PLATT, Independent consultant for DLT and cryptocurrency

Colin has worked in distributed ledger technology and cryptocurrencies since 2013, launching efforts at BNP Paribas Global Markets, where he sat on DLT focused industry steering committees, including R3, the Post-Trade Distributed Ledger working group (PTDL), and FIX cryptocurrency working group. He became a technology entrepreneur in early 2016, initially working with digital asset derivatives. He has been the co-host of the  Blockchain Insider podcast since 2017 (1.2m+ downloads). Currently an independent consultant for DLT and cryptocurrency, Colin works with a  wide range of companies from start-ups to UK and US blue-chip companies,  as well as government and industry consortium. He recently led a 40+ digital asset working group of financial institutions in Europe and  North America, in collaboration with R3. Colin is a regular cryptocurrency conference speaker and panelist, and has been featured in the Financial Times, BBC Radio, the Block Crypto, Coindesk; quoted in Reuters, the New York Times, Capital (France), Risk Magazine, and  Banking Tech. Prior to his involvement in cryptocurrencies, Colin held roles in business transformation, and structured product marketing at  BNP Paribas in Paris, London, and New York. He holds a Masters in Finance from EDHEC Business School in France, and Bachelor's in Business Administration from Jönköping International Business School in Sweden.

PayPal Unveiled Plans to Enable the Purchase and Sale of Cryptocurrencies



By Yassine Elmandjra | @yassineARK

PayPal and its subsidiary Venmo have announced plans to enable cryptocurrency purchases. Within the next few weeks, users of Paypal’s Cash or Cash Plus will be able to buy, sell, and hold bitcoin, ether, litecoin, and bitcoin cash.

In June, CoinDesk surfaced rumors of PayPal’s crypto plans, suggesting that its 346 million users around the world would be able to buy and sell cryptocurrencies.

Next year, PayPal plans to enable crypto purchases through its network of more than 26 million merchants and through Venmo, its P2P payments app. According to its FAQ, “Once launched in 2021, when a consumer selects cryptocurrency as the funding source, the cryptocurrency will be instantly converted to fiat currency and the transaction will be settled with the PayPal merchants in fiat currency.” PayPal has not disclosed when or if it will enable cryptocurrency withdrawals, a cause for concern for the crypto community.

With 346 million active users around the world, PayPal will be the first network capable of introducing crypto to a mainstream audience.


7 Technologies Disrupting Finance Industry

In recent years, people have experienced the wonders of modern technology when it comes to managing their finances and accessing financial services. This trend is only expected to improve and continue with the advancements in technology like AI, cryptocurrency, blockchain, VR, and AR, among many other things.

But getting to this point has been a bit slow for the financial industry as compared to other industries who have arguably fewer developments in the technology department.

It’s understandable for the financial sector to have a slower response in the digital disruption due to the sensitive data that they hold.

There’s also the issue of established legacy systems that they have relied on for years. Something that newer and more agile financial companies are not facing due to less dependency on the system. These FinTech companies have the luxury of constantly re-evaluating and re-organizing their business model to give modern solutions to modern financial problems of customers today.

Rules and regulations have also hampered down the advancement of traditional financial companies. Most regulating bodies still don't know the capabilities of some of these technologies and the negative impacts they might have on both the ecosystem and the customers.

Despite these obstacles and due to the fast-changing behavior of customers and increasing competition from FinTech companies, a lot of financial companies have no choice but to digitally transform to provide the best service to their customers

Since fintech companies, normally, don't fall under the jurisdiction of these regulating bodies, they have been pushing the envelope and have experienced successes in implementing them. A great example of this is cryptocurrencies like Bitcoin and Ethereum that have experienced tremendous growth in the last decade. Now, traditional companies are exploring how they can use cryptocurrencies and blockchain technologies to carry out traditional tasks that are considered rigid, slow, and insecure. Some companies have also started accepting cryptocurrencies to pay for specific services.

We could say that, somehow, traditional financial companies are trying to keep up with the changes. But if they continue at this pace, they will always find themselves lagging behind modern and more flexible service providers. Soon they'll find that traditional financial advisors may not be as effective as an AI who can predict the most ideal investment streams or that people don't want to be bothered driving to physical banks since financial transactions can now be securely done through mobile phones.

The key to the industry's survival is to spearhead the implementation or experimentation of these technological tools instead of waiting for the next move of technology companies.

In this infographic created by Prototype, a digital transformation company, you'll see a list of modern technologies disrupting the finance industry, the factors driving these changes, and trends these companies should watch out for.

Infographic by: Prototype

Fidelity Digital Assets eyes service for introducing hedge fund investors to crypto funds


Crypto Industry Entering New Era as Institutional Traders Get Invested - Cointelegraph
Institutional interest in digital assets is growing as major financial players continue to enter the cryptocurrency space.

Appeal Of Digital Assets Growing Among Global Institutional Investors, Fidelity Says - Financial Advisor Magazine
Digital assets such as Bitcoin are gaining popularity among institutional investors in the U.S. and abroad, according to a survey by Fidelity Digital Assets.

  • Fidelity Digital Assets has seen its book of business for its custody and execution offerings grow since the beginning of the year
  • At the same time, the firm has been talking to hedge funds about a new service that would introduce them to big capital allocators
  • Meanwhile, the firm has made two key hires, including a new CTO
  by Frank Chaparro for The Block

Fidelity Digital Assets has been building out its team and is now appears poised to expand its suite of product offerings, The Block has learned.

The crypto-focused subsidiary of $7.9 trillion asset manager Fidelity has seen an increase in interest in its existing products from investors "across the board," according to a spokeswoman. Fidelity Digital Assets offers a custody service for bitcoin as well as an execution service, which helps institutional investors trade bitcoin in large size.

Since the beginning of the year, ongoing market turbulence and fears around impending inflation drove new interest from traditional investors, the firm has said.

Fidelity Digital Assets has ambitions to expand its business outside of custody and execution, according to people familiar with the process. A spokeswoman said the firm "routinely in discussions with market participants to understand the needs in the market to help inform our product roadmap. Our current product offering includes custody and execution services." [READ MORE]


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