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Awesome! We need some positive developments
First Bitcoin Capital Corp---Stock-Ticker---BITCF Shares NEWS !!! .....
It looks like your wish has been granted !!! ..... Perhaps you should be "adopted" as a " Good-Luck-Charm ? " !!! ..... Thanks !!!
From October 18, 2019 .....
We need an update from the company on the progress of being placed back on otc. Audited fins should have gone a long way towards that.
"Expert Market" Quotations Now Open To Broker-Dealers Trading First Bitcoin Capital Corp Common Stock; First Bitcoin Enters Into MOU To Acquire Major Bitcoin ATM Business: Moves Forward On New Listing
October 22, 2019 6:00AM EDT
TEL AVIV, ISRAEL / ACCESSWIRE / October 22, 2019 / FIRST BITCOIN CAPITAL CORP (OTCPINK:BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies , developer of blockchain-powered technologies, owner of the patent related to the purchase and sale of cryptocurrencies utilizing an ATM or kiosk. The Company is proud to announce today that it has signed a Memorandum of Understanding (MOU) with Athena Bitcoin reflecting the intent to acquire 100% of Athena Bitcoin, a leading national Bitcoin ATM company.
The non-binding Memorandum of Understanding (the "MOU") with Athena Bitcoin ("Athena") has been entered into in order to acquire 100% of Athena in exchange for newly issued First Bitcoin Capital stock. Subject to completion of a comprehensive due diligence process by both parties, First Bitcoin Capital and Athena Bitcoin intend to subsequently enter into a Definitive Agreement (the "Agreement") to complete the transaction. The MOU anticipates the Agreement having two parts. The first is the exchange of newly issued stock in the Company issued in exchange for the stock of Athena. The second part would include an Earn Out where more shares of the Company would be issued and held in escrow until certain net revenue targets are met. The allocation of the shares of the Company to Athena's shareholders will, if completed, give rise to a change of control event for the Company under the terms of the MOU.
"Expert Market" Quotations Now Open To Broker-Dealers Trading First Bitcoin Capital Corp Common Stock:
According to the OTC Markets Group, their recently launched Expert Market "is a private market to serve broker-dealer pricing and best execution needs in securities that are restricted from public quoting or trading. Restrictions can be based on issuer requirements, security attributes, investor accreditation and/or suitability risks." Prior to the adding of this new feature to the "Other OTC" Market, where BITCF also continues to trade, market makers could only exchange quotes verbally between themselves and licensed brokerage firms. Adding this new function allows broker-dealers to exclusively see one another's bid/ask/size quotes in a quotation system hidden from public view.
New Exchange Listing Progress
While the listing process for the Canadian Stock Exchange (CSE) is taking longer than anticipated, the Company is taking all necessary steps to succeed and continues diligently to move forward. The company is concomitantly pursuing the necessary steps required to move to a higher level in the OTC Markets.
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (BITCF) began developing digital currencies, proprietary blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex blockchain technologies and in developing new types of digital assets. Being the first publicly traded cryptocurrency and blockchain-centered company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies. Recently the Company had acquired the patent (USPTO Patent US9135787) related to the purchase and sale of cryptocurrencies utilizing an ATM or kiosk and we believe that this patent will provide us a unique and leveraged position, in addition to our other projects as we continue moving forward into the digital asset and cryptocurrency businesses. This patent complements our innovation in the field of cryptocurrency and Blockchain.
The Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN: BIT) in 2016. Recently the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit www.firstbitcoin.io
follow us on Twitter; @1stBitCapital
follow us on Linkedin: www.linkedin.com/company/first-bitcoin-capital-corp/
follow us on FaceBook: https://www.facebook.com/BITCF/
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company's filings. 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. However, while the Company may elect to update these forward-looking statements at some point in the future, 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. Such forward-looking statements are risks that are detailed in the Company's website and filings.
SOURCE: First Bitcoin Capital Corp.
accesswire.com https://www.accesswire.com/563780/Expert-Market-Quotations-Now-Open-To-Broker-Dealers-Trading-First-Bitcoin-Capital-Corp-Common-Stock-First-Bitcoin-Enters-Into-MOU-To-Acquire-Major-Bitcoin-ATM-Business-Moves-Forward-On-New-Listing
IN THIS STORY
We need an update from the company on the progress of being placed back on otc. Audited fins should have gone a long way towards that.
Can hope for the best---though still concerned !!! .....
For me ..... the language in the "proposal" sounds too much like low-performing derivatives trading in the Mortgage arena designed to "lather-up" and pull-in International participation with an accelerated pulse ..... due to the inherent nature of blockchain-technology .....
It might be potentially beneficial if the business model of the proposal could bring clarity and some semblance of order to the allegedly ..... currently practiced ..... unregulated "scam-prone-circus" of derivatives trading ..... which apparently has a notional value estimated to be approximately $147 trillion dollars ..... which I personally sense may be a "fire-storm" poised to break loose once more ..... as interest rates continue on a downward track ..... and credit card debt rises .....
To refresh my memory ..... relative to the Financial Meltdown of 2008 ..... I set aside approximately four hours to review the Four-Part documentary FRONTLINE SERIES covering this historic financial crisis .....
PART ONE follows ..... though I highly recommend digesting the full series .....
https://www.pbs.org/wgbh/frontline/film/money-power-wall-street/
Once I began listening ..... I became fascinated by the detailed reporting which I found difficult to disconnect from ..... so I completed the informative and alarming series ..... same day
Anyone else following suit ..... will likely notice the way the language describing the Financial Meltdown of 2008 ..... corresponds with the language used in the BITCASAS, INC ..... "Memorandum of Understanding" ..... First Bitcoin Capital Corp ..... intends to become involved with .....
So quite naturally ..... I have become concerned about what I am hearing .... relative to my limited understanding .....
This appears to be the best time to ask some "tough questions" in pursuit of obtaining more "clarity" and discerning possible potential unpleasant consequences relative to the particular nature of this BITCASAS, INC proposal ..... with low-performing mortgages ..... touted to be sound investments .....
The best thing about an MOU ..... in my opinion ..... at least ..... is that it is yet to become a DONE DEAL !!! .....
Best Wishes
It says they have a patent pending. Even if the mortgage stuff doesn't pan out directly, the patent could be worth a lot to some company.
Another thing is that this looks like it could be a starting point for expanding into tokenizing other things. Usually that's how these Silicon Valley companies operate - start out with a niche then use the tech once proven to branch out to other areas. Hopefully they'll be tokenizng other (less controversial) financial instruments next.
Feels Like Subprime Dervatives Trading---"Round Two" ....
I feel a need to apologize ..... Personally ..... I would be running from this investment potential as quickly as possible !!! ..... Since when did under-performing mortgage investments become such a great investment opportunity ? ...... Have people forgotten the Meltdown of 2008 ? ..... While tough times seemingly loom on the horizon !!! ....
And now a rapid-fire means has been proposed to speed up the process ..... by leveraging with Blockchain Technology ..... Contemplate for a moment ..... When has the Mortgage Industry ever been worthy of trust ? ..... Sure ..... Real Estate Markets get heavily pumped now and then and sometimes look "rock-solid" ..... usually just before investors lose "Big-Time" .... While the "activist agents" often reclaim the property ..... People buying on the bottom do well ..... in the long run ..... Can anyone be assured of being one of the lucky ones ? .....
Goldman Sachs predicts another major Market crash this October as one notices a number of major corporate layoffs in process ..... despite Trump's rosy monthly employment numbers ..... Just in time to "sucker-in" the least educated and informed Investors ..... High speed transaction time equates to accelerated bailout for any and all prospective "Fleecers" !!! .....
I fear First Bitcoin Capital Corp ..... BITCF ..... just might end-up with a "blackened-eye" if they become involved with this great "forward-looking" proposal ..... while their technology will be used to empower the alleged "cash-cow" ..... hence creating a degree of potential legal culpability .....
I have highlighted comments meriting additional scrutiny in the text of the link below ..... "from my perspective" ..... And of course ..... I could be wrong !!! ..... In this instance ..... I would LOVE to be WRONG !!! ..... Though time will tell the real story !!! ..... Good Luck to all !!! .....
P.S. My posting and edit functions are NOT behaving properly ..... I strongly advise a very careful reading of the following proposal below .....
I am unable to personally find any upside whatsoever except ..... perhaps ..... a credit to Blockchain Technology ..... and the engineering expertise of BITCF ..... which may turn to blame if things do not go well !!!
TEL AVIV, ISRAEL / ACCESSWIRE / October 8, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK: BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and developer of blockchain-powered technologies is proud to announce that it has signed a Memorandum of Understanding (MOU) with BITCASAS INC with the intent to acquire a major stake in BitCasas,Inc., a group of companies utilizing its structure to promote the adoption of tokenization of real estate assets and mortgage loans.
Recently, CORNELL UNIVERSITY REAL ESTATE REVIEW published a report entitled:
TOKENIZED REAL ESTATE: CREATING NEW INVESTING AND FINANCING CHANNELS THROUGH BLOCKCHAIN
blog.realestate.cornell.edu/2019/04/30/tokenizing-real-estate-creating-new-investing-and-financing-channels-through-blockchain/
What does tokenizing mean for real estate investors?
In addition to creating fractional ownership of an asset, tokenization can create liquidity for the investor. Traditionally, real estate investment requires capital lock-in for an extended period of time. With tokenization, interests in real estate can become more liquid and create access to global capital.Tokenizing allows smaller carve-outs of an asset that are then sold, creating more liquidity for majority owners and developers. Traditional exchanges of real estate interests are limited to more regional investors, during local opening hours, whereas tokens can be traded at any time across borders.
CoinDesk reported that blockchain could save US mortgage industry $US 1 Billion.
https://www.coindesk.com/moodys-blockchain-could-save-us-mortgage-industry-1-billion
According to the Federal Reserve Q1 2018 Report, the current US market for residential loaning is estimated at over $14 trillion, with 1.7% of these loans failing to meet scheduled payments (Non-Performing Loans or NPLs) which are then traded at a significant discount. Because of the capital and knowledge required to pursue this asset class, control over this market has been dominated by large institutional investors.
"Opportunity resides within this niche marketplace as to the acquisition and collection of non-performing mortgages. With a nationwide network of legal resources, the framework for fast and accurate underwriting with the experience to monetize these undervalued assets, BitCasas is uniquely qualified and positioned to secure investments by traditional real estate mortgages and provide investors with high yields by turning non-performing mortgages into high value performing mortgages." says Kamran Mohammadi, CEO of Bitcasas.
"To help individuals all over the world understand the benefits of mortgage debt as an asset class - ownership in real estate without the management headache - we have developed the BitCasas online investment platform. Using blockchain as its backbone adds full transparency and instant liquidity through tradeable asset-backed security tokens" says Ramesh Ramadoss , President of Bitcasas.
"Our platform provides greater individual participation in this market by tapping into the power of the community in due diligence and NPL deal flow immediately in residential home loans, with an eye on commercial loans in the future. We will be pleased to become a portfolio company of First Bitcoin Capital."
ABOUT BITCASAS INC.:
BitCasas is a Silicon Valley-based startup that is building the world's first online cross-border platform for making investments in mortgage loans backed by U.S. real estate. The BitCasas Asset-Backed Securities (BCAS) portfolio is collateralized by performing loans backed by residential and commercial real estate based in the United States.
Historically, BitCasas and its managers have procured in excess of $30 million worth of loans. The BitCasas team consists of top-notch technologists and real estate professionals who have deep experience in the purchase, management and modification of loans collateralized by real estate.
Kamran Mohammadi is the Chief Executive Officer of BitCasas Inc. He is an accomplished Executive based in Silicon Valley with twenty plus years of experience in Real Estate, Mortgages and Notes. His experience includes but not limited to operations, oversight, and marketing involving both startups and growth organizations. He is a results-oriented, decisive leader with proven success in new market identification and strategic positioning for multi-million dollar residential, commercial and industrial portfolio investments. He has a proven track record of delivering extraordinary results in a high demanding market whilst improving growth, revenue, operational performance and profitability for investors worldwide. At BitCasas, he is involved in creating a bridge between the conventional Mortgage Note Industry and the emerging blockchain technology.
Ramesh Ramadoss is the President of BitCasas Inc. He is a co-chair of the IEEE Blockchain Initiative. He is also the chair of the IEEE Blockchain Standards Committee. He received his Bachelor of Engineering degree from Thiagarajar College of Engineering, Madurai Kamaraj University, India in May 1998 and his PhD degree in Electrical Engineering from the University of Colorado at Boulder in May 2003. From Jun. 2003 to Dec. 2007, he was employed as an Assistant Professor in the Department of Electrical and Computer Engineering at Auburn University, Alabama, USA. He moved to Silicon Valley in Jan 2008 and has over a decade of experience in leading engineering projects at several technology companies. He is the author or coauthor of 1 book, 4 book chapters and 55 papers. He has conducted projects for DARPA, NASA, US Army, US Air Force, Sandia National Labs, and Motorola Labs.
BitCasas' patent-pending technology uses blockchain-based tokenization to enable fractional ownership of real estate mortgage loans. BitCasas, through the establishment of trusts, issues compliant Security Token Offerings (STOs) pursuant to regulations under the Securities Act of 1933, which offers exemptions from registration for the securities - appealing to both U.S.-accredited and non-U.S. investors.
While today's offering magnifies the depth and breadth of an already strong real estate investment market, it places BitCasas atop a new operational dynamic. With this offering, BitCasas is the exclusive sponsor of BCAS- the only live securities token for mortgage loans backed by U.S. real estate. It plans to continue growing its presence and strengthening its competitive impact for investment possibilities as it broadens its activity in the U.S. residential and commercial real estate markets.
Contact us via: info@bitcasas.com or visit https://www.bitcasas.com/
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (BITCF) began developing digital currencies, proprietary blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex blockchain technologies and in developing new types of digital assets. Being the first publicly traded cryptocurrency and blockchain-centered company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.
The Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Recently the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit https://firstbitcoin.io/
First Bitcoin Capital Enters Into MOU With BITCASAS INC In Order To Acquire A Major Stake In The World's First Online Cross-Border Platform For Making Investments In Tokenized Mortgage Loans
TEL AVIV, ISRAEL / ACCESSWIRE / October 8, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK: BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and developer of blockchain-powered technologies is proud to announce that it has signed a Memorandum of Understanding (MOU) with BITCASAS INC with the intent to acquire a major stake in BitCasas,Inc., a group of companies utilizing its structure to promote the adoption of tokenization of real estate assets and mortgage loans.
Recently, CORNELL UNIVERSITY REAL ESTATE REVIEW published a report entitled:
TOKENIZED REAL ESTATE: CREATING NEW INVESTING AND FINANCING CHANNELS THROUGH BLOCKCHAIN
http://blog.realestate.cornell.edu/2019/04/30/tokenizing-real-estate-creating-new-investing-and-financing-channels-through-blockchain/
What does tokenizing mean for real estate investors?
In addition to creating fractional ownership of an asset, tokenization can create liquidity for the investor. Traditionally, real estate investment requires capital lock-in for an extended period of time. With tokenization, interests in real estate can become more liquid and create access to global capital. Tokenizing allows smaller carve-outs of an asset that are then sold, creating more liquidity for majority owners and developers. Traditional exchanges of real estate interests are limited to more regional investors, during local opening hours, whereas tokens can be traded at any time across borders.
CoinDesk reported that blockchain could save US mortgage industry $US 1 Billion.
https://www.coindesk.com/moodys-blockchain-could-save-us-mortgage-industry-1-billion
According to the Federal Reserve Q1 2018 Report, the current US market for residential loaning is estimated at over $14 trillion, with 1.7% of these loans failing to meet scheduled payments (Non-Performing Loans or NPLs) which are then traded at a significant discount. Because of the capital and knowledge required to pursue this asset class, control over this market has been dominated by large institutional investors.
"Opportunity resides within this niche marketplace as to the acquisition and collection of non-performing mortgages. With a nationwide network of legal resources, the framework for fast and accurate underwriting with the experience to monetize these undervalued assets, BitCasas is uniquely qualified and positioned to secure investments by traditional real estate mortgages and provide investors with high yields by turning non-performing mortgages into high value performing mortgages." says Kamran Mohammadi, CEO of Bitcasas.
"To help individuals all over the world understand the benefits of mortgage debt as an asset class - ownership in real estate without the management headache - we have developed the BitCasas online investment platform. Using blockchain as its backbone adds full transparency and instant liquidity through tradeable asset-backed security tokens" says Ramesh Ramadoss , President of Bitcasas.
"Our platform provides greater individual participation in this market by tapping into the power of the community in due diligence and NPL deal flow immediately in residential home loans, with an eye on commercial loans in the future. We will be pleased to become a portfolio company of First Bitcoin Capital."
ABOUT BITCASAS INC.:
BitCasas is a Silicon Valley-based startup that is building the world's first online cross-border platform for making investments in mortgage loans backed by U.S. real estate. The BitCasas Asset-Backed Securities (BCAS) portfolio is collateralized by performing loans backed by residential and commercial real estate based in the United States.
Historically, BitCasas and its managers have procured in excess of $30 million worth of loans. The BitCasas team consists of top-notch technologists and real estate professionals who have deep experience in the purchase, management and modification of loans collateralized by real estate.
Kamran Mohammadi is the Chief Executive Officer of BitCasas Inc. He is an accomplished Executive based in Silicon Valley with twenty plus years of experience in Real Estate, Mortgages and Notes. His experience includes but not limited to operations, oversight, and marketing involving both startups and growth organizations. He is a results-oriented, decisive leader with proven success in new market identification and strategic positioning for multi-million dollar residential, commercial and industrial portfolio investments. He has a proven track record of delivering extraordinary results in a high demanding market whilst improving growth, revenue, operational performance and profitability for investors worldwide. At BitCasas, he is involved in creating a bridge between the conventional Mortgage Note Industry and the emerging blockchain technology.
Ramesh Ramadoss is the President of BitCasas Inc. He is a co-chair of the IEEE Blockchain Initiative. He is also the chair of the IEEE Blockchain Standards Committee. He received his Bachelor of Engineering degree from Thiagarajar College of Engineering, Madurai Kamaraj University, India in May 1998 and his PhD degree in Electrical Engineering from the University of Colorado at Boulder in May 2003. From Jun. 2003 to Dec. 2007, he was employed as an Assistant Professor in the Department of Electrical and Computer Engineering at Auburn University, Alabama, USA. He moved to Silicon Valley in Jan 2008 and has over a decade of experience in leading engineering projects at several technology companies. He is the author or coauthor of 1 book, 4 book chapters and 55 papers. He has conducted projects for DARPA, NASA, US Army, US Air Force, Sandia National Labs, and Motorola Labs.
BitCasas' patent-pending technology uses blockchain-based tokenization to enable fractional ownership of real estate mortgage loans. BitCasas, through the establishment of trusts, issues compliant Security Token Offerings (STOs) pursuant to regulations under the Securities Act of 1933, which offers exemptions from registration for the securities - appealing to both U.S.-accredited and non-U.S. investors.
While today's offering magnifies the depth and breadth of an already strong real estate investment market, it places BitCasas atop a new operational dynamic. With this offering, BitCasas is the exclusive sponsor of BCAS- the only live securities token for mortgage loans backed by U.S. real estate. It plans to continue growing its presence and strengthening its competitive impact for investment possibilities as it broadens its activity in the U.S. residential and commercial real estate markets.
Contact us via: info@bitcasas.com or visit https://www.bitcasas.com/
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (BITCF) began developing digital currencies, proprietary blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex blockchain technologies and in developing new types of digital assets. Being the first publicly traded cryptocurrency and blockchain-centered company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.
The Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Recently the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit https://firstbitcoin.io/
NEWS!!! First Bitcoin Capital Enters Into MOU With BITCASAS INC In Order To Acquire A Major Stake In The World's First Online Cross-Border Platform For Making Investments In Tokenized Mortgage Loans
https://finance.yahoo.com/news/first-bitcoin-capital-enters-mou-100500882.html
Stock is holding up relatively well considering how bad the crypto market is doing these last couple days.
Good it looks like they are incubating real companies with high potential instead of just letting anyone in like some accelerators do.
Congrats on the first participant of the incubator program!
Goldman Sachs Cautions Cryptocurrency Risk-Predicts October Crash .....
News worthy of consideration from one of the "giants" in the Financial Services Industry ..... Goldman Sachs .....
August 4, 2018 Goldman Sachs had mentioned cryptocurrency as a potential "risk factor" to their Market outlook .....
Bitcoin (BTC) and “unsteady cryptocurrency mania” are the one of six factors that threaten Goldman Sachs 2018 market outlook, according to a July 2018 report by the Goldman Sachs Investment Strategy Group.
Goldman Sachs Has Just Issued An Ominous Warning About Stock Market Chaos In October
Saturday, 09/21/2019 ..... Authored by Michael Snyder via The Economic Collapse blog
Are we about to see U.S. financial markets go crazy? That is what Goldman Sachs seems to think, and it certainly wouldn’t be the first time that great financial chaos has been unleashed during the month of October. When the stock market crashed in October 1929, it started the worst economic depression that we have ever witnessed. In October 1987, the largest single day percentage decline in U.S. stock market history rocked the entire planet. And the nightmarish events of October 2008 set the stage for a “Great Recession” that we still haven’t fully recovered from. So could it be possible that something similar may happen in October 2019?
According to CNBC, Goldman Sachs is warning that the stock market could soon “go crazy again”…
For investors taking a breather from the chaos in August, buckle up as the market is about to go crazy again, Goldman Sachs warned.
Wall Street is now inches away from reclaiming its record highs, but a rockier ride could be around the corner as stock volatility has been 25% higher in October on average since 1928, according to Goldman. Big price swings have been seen in each major stock benchmark and sector in October over the past 30 years, with technology and health care being the most volatile groups, Goldman said.
Goldman derivatives strategist John Marshall is the man behind this new warning, and he believes that there are some fundamental reasons why the month of October is often so volatile…
“We believe high October volatility is more than just a coincidence,” John Marshall, equity derivatives strategist at Goldman, said in a note Friday. “We believe it is a critical period for many investors and companies that manage performance to calendar year-end.”
And even though October hasn’t arrived yet, we are already starting to see some things that we haven’t witnessed since the last financial crisis.
For example, the Federal Reserve had not intervened in the repo market since 2008, but this week the liquidity crunch was so bad that the Fed felt forced to conduct emergency overnight repurchase agreement operations on Tuesday, Wednesday, Thursday and Friday.
And then on Friday the Fed announced that it will continue to conduct emergency interventions “on a daily basis for the next three weeks”…
The New York Federal Reserve Bank said Friday it will inject billions into the US financial plumbing on a daily basis for the next three weeks in an effort to prevent a spike in short-term interest rates.
The Fed will offer up to $75 billion a day in repurchase agreements — exchanging secure assets for cash for very short periods — through October 10, it said in a statement.
In addition, it will offer three 14-day “repo” operations of at least $30 billion each.
In essence, the “plumbing” of our financial system has gotten all jammed up, and calling out Roto-Rooter is simply not going to get the job done.
Of course Fed officials are trying to assure us that this is no big deal and that they have everything under control.
But if all this is no big deal, why haven’t they had to conduct such emergency interventions for the last 11 years?
And this comes at a time when the deterioration of the U.S. economy appears to be accelerating. In fact, on Friday St. Louis Fed President James Bullard publicly admitted that the U.S. manufacturing industry appears to already be in a recession…
The US manufacturing sector “already appears in recession” and overall economic growth is expected to slow “in the near horizon,” St. Louis Federal Reserve Bank president James Bullard said on Friday, explaining why he dissented at a recent Fed meeting and wanted a deeper, half-percentage-point rate cut.
That is a stunning admission, because normally Fed officials try very hard to maintain the narrative that everything is wonderful because they are doing such a great job of manipulating the economy.
The American people as a whole are becoming increasingly pessimistic about the economy as well, and Gallup just released some very alarming numbers…
Americans’ confidence in the economy has become less rosy this month as Gallup’s Economic Confidence Index fell to +17 from August’s +24 reading, marking the lowest level since the government shutdown ended in January.
At the same time, the public is evenly divided over the likelihood of a recession in the next year. The current expectation of a recession is nine points higher than it was in October 2007, just two months before the Great Recession began but slightly below a February 2001 reading, one month before that eight-month-long recession.
Every economic indicator that we have is telling us that big trouble is heading our way, but most Americans are partying instead of preparing.
U.S. financial markets have never been more primed for a crash than they are at this moment, and so many of the exact same patterns that we witnessed just prior to the last recession are happening again right now.
Over the past few months, my wife and I have felt a sense of urgency unlike anything that we have ever felt before. You may have noticed a difference in our tone and in the types of stories that we have been sharing. Everything that we have been doing has been leading up to this. The time of “the perfect storm” is here, and most Americans won’t understand what is happening.
The storm clouds are looming and disaster could strike at any time. This is one of the most critical times in the history of our nation, and most Americans are completely unprepared for what is going to happen next.
When can the company uplist to the OTCQB? Audits usually are a precursor to a move. Is there a time period after the audits are done before they can uplist?
What needs to happen for this problem to go away?
Has anyone found a way around this?
AGREE. Frustrating tho being unable to add to my position
Your very welcome...
Thanks for the chart. Looking for a high volume close --near term resistance at .22. Then .30. Then breakout run possible.
Technicals are helpful. Fundamental news helps too. I expect info on the moving to another exchange soon. No company catches up with their financial filings to stay on the grays. JMO
I can’t add while we on the greys
It went well over $3 before SEC caught. Now with audits done, there is a very good chance for it to go high and above $3. Stocks like this will not show volume until it movement begins...
The Channel is annotated on my chart...
Georgie. Where do you see an upside breakout? A high volume close above $0.22?
I would be interested in you opinion considering your great call on BITCF earlier this year.
BITCF...20...Chart...Watch for Channel Breakout into .50/$1 plus range...I alerted the last Channel Breakout and it ran from .07 range to.40 range...Psar flipped to a Bullish Buy Position and a pre planned dip to .0001 filled all open gaps...Would not be surprised to see $3/$5 move in the long term...imo...we shall see..
Another "F" ticker trading in the U.S. market on the Grey's..
Chart...http://schrts.co/qCbpDEjV
https://www.otcmarkets.com/stock/BITCF/news/story?e&id=1433006
PCAOB Auditor of First Bitcoin Captial Corp (BITCF) Completes Audits for 2018; Clears Way for Listing on Canadian Stock Exchange and Relisting on Higher US Market...
First Bitcoin Capital Corp Completes Audits 2016-2018 .....
Stock ticker $BITCF moves forward with financial statements from an independent auditor .....
PCAOB Auditor of First Bitcoin Capital Corp (BITCF) Completes Audits for 2018; Clears Way for Listing on Canadian Stock Exchange and Relisting on Higher US Market
TEL AVIV, ISRAEL / ACCESSWIRE / September 12, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK: BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and developer of blockchain-powered technologies announced today that it has completed its audited financial statements for the fiscal year ending December 31, 2018. An independent auditor (which is a PCAOB registered accounting firm) completed the audits of the Company's financial statements within the guidelines of Canadian Generally Accepted Accounting Principles (GAAP) as well as our consolidated financial statements having been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).
This is a significant step in additional transparency for the Company’s shareholders and we are taking the necessary steps to file an application to become listed on the Canada Stock Exchange (CSE).
“We are excited to move forward with the completion of our audits covering 2016 through 2018,” said Greg Rubin CEO of BITCF. “We anticipate that the completion of the latest audit will also accelerate our efforts towards the Company becoming a fully reporting company with the US and Canadian securities regulators.”
Due to Canadian GAAP and IFRS standards, it was required that First Bitcoin write down its assets considerably as well as booking of certain assets at nil or zero value based on historic costs and lack of those assets generating cash revenues. However, the company’s gross income increased substantially and losses decreased significantly from .008 to .001 per share from the years ending 2017 and 2018 respectively.
The financial results can be viewed at: https://firstbitcoin.io/wp-content/uploads/2019/09/2018-Audited-Annual-Report.pdf
Management’s Discussion and Analysis can be read here: https://firstbitcoin.io/wp-content/uploads/2019/09/2018-Management-Discussion-and-Analysis.pdf
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (OTC:BITCF) began developing digital currencies, proprietary blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex blockchain technologies and in developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.
The Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Recently the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net with its explorer at www.explorer.bitcf.net
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit www.firstbitcoin.io
follow us on Twitter; @1stBitCapital
follow us on Linkedin: https://www.linkedin.com/company/first-bitcoin-capital-corp/
follow us on FaceBook: https://www.facebook.com/BITCF/
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company's filings. 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. However, while the Company may elect to update these forward-looking statements at some point in the future, 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. Such forward-looking statements are risks that are detailed in the Company's website and filings.
SOURCE: First Bitcoin Capital Corp.
There is a big PR coming out on that, from what I gather.
BITCF...20...getting nice hits...Grey ticker...last alert at .07 ran to .42...
They might be timing the announcement of royalty payments with an uplisting. Some smart BTC ATM operators will likely pay rather than risk a protracted lawsuit loss. Much smarter, cheaper, easier IMO. Now THAT,,,,will make it fly.
Yup that’s weird, seeing them now. Was just zeroes on TDA earlier. Thanks
NOT HALTED. Many trades today
BITCF trades today.
BITCG Time and Sales
13:39:10 0.20 3000 OTO
12:58:46 0.19 2000 OTO
12:58:45 i 0.19 40 OTO
12:07:19 0.19 25000 OTO
11:58:40 0.18 18300 OTO
11:28:27 z 0.18 2700 OTO
10:58:28 0.17 1800 OTO
10:54:16 0.185 17200 OTO
09:40:34 0.165 1800 OTO
Common sense analysis and I completely agree.
Sometimes it is just that simple.
A company never pays to become fully reporting unless there is a reason for the future. It is not because they expect tto be NO future.
PCAOB Auditor of First Bitcoin Capital Corp (BITCF) Completes Audits for 2018
Clears Way for Listing on Canadian Stock Exchange and Relisting on Higher US Market
ACCESSWIRE ACCESSWIRESeptember 12, 2019
TEL AVIV, ISRAEL / ACCESSWIRE / September 12, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK: BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and developer of blockchain-powered technologies announced today that it has completed its audited financial statements for the fiscal year ending December 31, 2018. An independent auditor (which is a PCAOB registered accounting firm) completed the audits of the Company's financial statements within the guidelines of Canadian Generally Accepted Accounting Principles (GAAP) as well as our consolidated financial statements having been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).
This is a significant step in additional transparency for the Company’s shareholders and we are taking the necessary steps to file an application to become listed on the Canada Stock Exchange (CSE).
“We are excited to move forward with the completion of our audits covering 2016 through 2018,” said Greg Rubin CEO of BITCF. “We anticipate that the completion of the latest audit will also accelerate our efforts towards the Company becoming a fully reporting company with the US and Canadian securities regulators.”
Due to Canadian GAAP and IFRS standards, it was required that First Bitcoin write down its assets considerably as well as booking of certain assets at nil or zero value based on historic costs and lack of those assets generating cash revenues. However, the company’s gross income increased substantially and losses decreased significantly from .008 to .001 per share from the years ending 2017 and 2018 respectively.
The financial results can be viewed at: https://firstbitcoin.io/wp-content/uploads/2019/09/2018-Audited-Annual-Report.pdf
Management’s Discussion and Analysis can be read here: https://firstbitcoin.io/wp-content/uploads/2019/09/2018-Management-Discussion-and-Analysis.pdf
Yes was gonna say most brokers won’t allow you to buy. Dropping the skull and crossbones better be the goal
not until Bid and ask displayed on broker platform. Otherwise, it is very difficult
This is huge. Hopefully volume will start to pick up as more people learn about this.
WOW!!! The audits are done!!!!
https://finance.yahoo.com/news/pcaob-auditor-first-bitcoin-captial-100000283.html
go $BITCF!!
When BITCF announces the first lawsuit to protect their patents, this will fly.
Libra will never happen. Facebook made too many political enemies with all the privacy problems and election meddling.
I saw a Bitcoin ATM at the grocery store yesterday next to the Wells Fargo kiosk. These are going mainstream fast.
This could be huge. If even one company they incubate has an exit it could fundamentally change the underlying value of the stock.
First Bitcoin Capital Corp (OTC:BITCF) Announces its New Division: First Bitcoin Incubator; Completes Services and Equity Exchange with DigitalAMN (OTC:DATI)
Tuesday, September 3, 2019 6:00 AM
TEL AVIV, ISRAEL / ACCESSWIRE / September 3, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK: BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and developer of blockchain-powered technologies is proud to announce the launch of its new division First Bitcon Incubator. The purpose of the incubator is to provide funding, publicity, mentorship, and other services to help develop early-stage startups in the blockchain industry in exchange for equity and cryptocurrency.
First Bitcoin Incubator
According to KPMG, 2018 saw over $300 billion volume in acquisitions, buyouts, and IPOs for investment-backed companies:
https://assets.kpmg/content/dam/kpmg/xx/pdf/2019/01/kpmg-venture-pulse-q4-2018.pdf
Most investors, however, lack access to this important and growing segment of the blockchain economy. Further, although startup investments can potentially yield high returns, they are also riskier than normal investments. The main benefit First Bitcoin Incubator offers is a way for BITCF shareholders to gain exposure to a portfolio of startups without the risks and restrictions associated with direct individual startup investment. Another benefit is that by focusing on the growing blockchain industry, liquidity can be realized earlier through the generation and sale of cryptocurrencies than would be possible through traditional funding models.
Incubators and accelerators are playing an increasingly important role in the startup ecosystem, providing entrepreneurs help with the fundraising, partnerships, networking, advice, and vetting needed to expand their businesses. According to a report by Gust, accelerators and incubators invested over $200 million in 11,000 startups in 2016, with 178 exits for the year:
http://gust.com/accelerator_reports/2016/global
As a publicly traded company, First Bitcoin offers startups the additional benefit of introducing its portfolio companies to its network of over 10,000 shareholders and potential investors following the stock. Access to this network could be particularly valuable to startups looking to create awareness for their products or doing crowdfunding campaigns.
To learn more about First Bitcoin Incubator’s unique portfolio of startups or to apply to the program, visit:
https://firstbitcoin.io/incubator
Greg Rubin, the Company’s Chief Executive Officer stated, “Along with our strategic alliance with DigitalAMN, our new incubator allows us to combine cryptocurrency investing (such as BIT) into the ventures we chose to help develop.”
First Bitcoin and DigitalAMN Completed the Services and Equity Exchange Agreement which resulting in BITCF owning $500,000 worth of DATI’s convertible preferred and DATI owning 1 Billion First BITcoin cryptocurrency (COIN:BIT). This transaction can be seen here:
http://explorer.bitcf.net/tx/48bb3c32c7ece4aa8e79e7f9221f977c5c36a91a97ef422e05d238fa90e9c50e
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (OTC:BITCF) began developing digital currencies, proprietary blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex blockchain technologies and in developing new types of digital assets. Being the first publicly-traded cryptocurrency and blockchain-centered company, we provide our shareholders with diversified exposure to digital cryptocurrencies and blockchain technologies.
The Company began developing its own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Recently the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net with its explorer at www.explorer.bitcf.net
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit www.firstbitcoin.io
Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in company's filings. 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. However, while the Company may elect to update these forward-looking statements at some point in the future, 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. Such forward-looking statements are risks that are detailed in the Company's website and filings.
SOURCE: First Bitcoin Capital Corp
Facebook's Libra Proposal Transcends Congressional Bullying .....
Libra Association’s Crypto Members Remain Unfazed by Regulatory Backlash
Coindesk ..... August 27, 2019 ..... by Brady Dale
Libra Association’s Crypto Members Remain Unfazed by Regulatory Backlash
Since first being announced in June, Facebook’s proposed Libra cryptocurrency has drawn the ire of lawmakers and regulators worldwide.
But, according to sources close the Libra Association, that was to be expected.
“We always knew this was something that was going to be hard,” one such source told CoinDesk ....
.... However, some of the project’s founding 28 members – which include Visa, PayPal, Uber and other tech and payments giants – haven’t remained as steadfast in their commitment, according to recent media reports.
The Financial Times reported last week that two unnamed members of the Libra Association were considering pulling out of the project, citing the harsh glare of the “regulatory spotlight.”
Follow-up reporting by CoinDesk, however, has found that the Libra Association’s crypto contingent – Coinbase, Xapo, Anchorage and Bison Trails – remains publicly optimistic about the project.
Unshaken?
Libra’s crypto-native members seem ready to ride this one out ....
.... Both Andreessen Horowitz (a16z) and Union Square Ventures – the two venture capital firms in the Libra Association most closely associated with blockchain investing – confirmed to CoinDesk that they remain committed to the project.
The CEOs of alternative banking company Xapo and blockchain infrastructure startup Bison Trails both confirmed that they are Libra members with no intention of leaving.
A spokesperson for custody startup Anchorage wrote to CoinDesk:
“The team believes in the mission of Libra and is proud to be a Founding Member of the Libra Association. They are confident that the Association and its members will work through regulatory concerns and look forward to continued conversations with policymakers.”
The only company in the crypto space to give CoinDesk anything short of a categorically affirmative answer was Coinbase.
A spokesperson wrote: “We remain a member, as announced in June.” (Coinbase declined to further clarify its commitment.)
While some companies may be considering leaving, a source close to the Libra Association told CoinDesk that many more have expressed interest in joining, despite the regulatory uncertainty.
Members pay at least $10 million to join, getting in return a Libra investment token that entitles them to a share of the interest generated by the massive pool of fiat currencies and low-risk assets that back the blockchain’s stablecoin.
A source with knowledge of the matter said Facebook and other Libra Association members are currently working toward ratifying the non-profit’s charter.
Most of the narrative surrounding Libra so far has been driven by intense government scrutiny. The effort’s initial helmsman, David Marcus, was grilled by Congress – twice. European Union regulators are reportedly investigating “anti-competitive behavior” related to the project. Tech giant Huawei has reportedly urged Chinese authorities to create a rival.
Meanwhile, a report from Bloomberg Law suggests the Libra Association may begin a new phase of public messaging. According to the report, an Aug. 26 email from the association’s managing partner, Bertrand Perez, was clear:
“It’s time for us to speak up individually and collectively and build some momentum coming into the end of 2019.”
Zack Seward contributed reporting.
I see this information as "Cryptocurrency Empowerment" .....
Leaving aside diverse political issues which have relative standing based upon their orientation and purpose ..... You likely realize JP Morgan and Goldman Sachs listed cuyptocurrency as a "risk factor" to their business model a few years ago .....
It seems a "pitched battle" between cryptocurrency interests and the "Financial Services Industry" has been in motion since Bitcoin entered the fiscal "ring" of contenders ..... Many observers have concluded that a number of "status quo shills" have adopted a hostile attitude toward Bitcoin and cryptocurrencies ..... in general ..... with the help of apparent protectionist "gatekeeping" regulatory agencies ..... those operating under "the cover of opaque cloaked-policy assertions" having no visible responsibility toward ethical or moral accountability in the public domain ..... This seems to be the intended design of "thinly conceived" Congressional orientation ..... seemingly serving elite "special interests" ..... rather than participating as an advocate for the dire needs of the working class .....
First Bitcoin Capital Corp ..... BITCF ..... has been the earliest engineer and specialist related to cryptocurrency development and blockchain technology ..... From my perspective ..... they deserve to prosper and grow as our "modern world" awakens to the potential visionary applications of a "digitally rooted" world of commerce ..... Of paramount importance would be the need to survive the barriers created by a heavy-handed partisan regime of authority .....
You may recall my post related to the perspective of ..... Andreas Antonopoulis ..... discussing Facebook's Libra proposal ..... Andreas is hardly a Facebook fan ..... though he points to the importance of someone like Facebook "breaking the ice" ..... so-to-speak ..... and "setting the stage" for another interest to resolve the planetary fiscal dilemma ..... which has been tied to the direct effect of the inherent nature of "Central Banking" and their mechanism of "fractional reserve lending" designed and empowered to create fiat currency from "thin air" .....
How do you see this information as it relates to BITCF, planetary?
How do you see the this information as it relates to BITCF, planetary?
China Considers Cryptocurrency Strategy .....
For savvy Investors looking at the global potential of cryptocurrencies to provide viable solutions toward resolving the churning planetary fiscal crisis ..... some may find cause for optimism ..... Clearly ..... a lot of speculative perspective can be summoned for evaluation .....
I took some time to do a bit more research concerning China's strategy to issue their own cryptocurrency which you find below .....
The People’s Bank of China’s “imminent” move to launch the country’s own sovereign digital currency underlines the central bank’s urgency to tighten its grip on the nation’s deposit pool and help banks catch up with their mobile payment business, analysts said.
China Places Libra Next To Alipay and WeChat Pay -- And It Could Change The Game For Bitcoin
August 24, 2019 ..... by Panos Mourdoukoutas
China had a couple of kind words for Facebook’s Libra this week, placing it next to Alipay and WeChat Pay; and that could change the game for major cryptocurrencies.
That’s according to a Globaltimes editorial, which sees Libra as an “independent,” “stable,” “convenient,” and “safe.”
“Libra, unlike other cryptocurrencies, has a stable currency value and is convenient and safe to use in cross-border transactions,” writes Li Daokui, author of the op-ed. “In fact, Libra is in many ways the same as Alipay and WeChat Pay. The difference is that Alipay and WeChat Pay are directly pegged with the yuan - 1 yuan in an Alipay or WeChat Pay account equals 1 yuan of fiat money - while Libra is pegged with a basket of currencies. This difference indicates Libra is an independent currency, and one that could very well grow into an important super-sovereign currency.”
Daokui doesn’t mention other cryptocurrencies, like Bitcoin, but he sees the rise of “super-sovereign” currencies as “inevitable.”
“China should take advantage of WeChat Pay and Alipay, among other technological innovations, to increase the cross-border use of the yuan and accelerate the yuan's internationalization,” he says. “The nation should also take an active role in the operation and management of Libra, to establish a foothold in the future international currency battlefield.”
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There’s more.
“China must consider permitting its major firms to join Libra's governing body,” says Daokui. “Instead of rejecting Libra's potential, China might as well join it and participate in its rule setting.”
The Globaltimes op-ed comes at a time when American policymakers are skeptical about Libra, Bitcoin and other major cryptocurrencies. They are concerned about the prospect of these super-sovereign currencies undermining sovereign currencies, as discussed in previous pieces here.
Mark Homeier, CEO at Maxonrow, doesn’t see it that way.
"The relationship between sovereign and super sovereign currencies is not a zero-sum game,” he says. “Both can and should exist, and their adoption in countries with a large unbaked population will be a boon for the global economy. There is ample room for a myriad of super sovereign currencies to thrive alongside fiat and we should all focus on the huge opportunity brought by this technology. The economic benefit that fast adoption of mobile payments brought to China can be duplicated all over the world.”
China’s “endorsement” of Libra seems to be doing exactly that. It recognizes that the relationship between cryptocurrencies and national currencies isn’t a zero-sum game. And that could help other governments warm up, not just to Libra, but to major cryptocurrencies, like Bitcoin, ETH, XRP, and LTC. They can come up with the sound regulations to help cryptocurrency markets operate fairly and efficiently rather than killing them altogether.
Meanwhile, sound regulations can only help increase user trust, a key factor for any cryptocurrency to reach the “tipping point.”
European Banks Driving Bitcoin Boom As Brace Against Future Ransomware Attacks
2:41 pm ET June 7, 2017 (Benzinga)
European banks are stockpiling bitcoin as a hedge against ransomware attack, driving the virtual currency up 200 percent this year, The Street’s Jim Cramer said, quoting a panel talk with the CEO of Citrix Systems, Inc. (NASDAQ: CTXS).
“Bitcoin is what the bad guys demand you pay if you have a cybersecurity breach,” Cramer said. “The European banks...European companies are buying bitcoin to be ready for the next ransom attack.”
The “WannaCry” outbreak was unleashed on the world on May 12, when bitcoin was $1,697; It's now trading at $2,826.
Bitcoin Boom Mainly Coming In Europe, Hit Hardest By WannaCry
The worst attack of ransomware on record has largely abated -- at least until next time -- and there’s evidence only a relative handful of people or institutions paid up to have their data freed from the malware’s encrypted jail.
Among the computers affected worldwide were those integral to Britain’s National Health Service. A tech-savvy Samaritan found a fix that was widely deployed, but cyberattack experts warned that the next round of ransomware could be worse.
The link between the bitcoin boom and the WannaCry malware surfaced at The Deal's Corporate Governance Conference on Monday in New York, when Cramer spoke with Citrix CEO Kirill Tatarinov about the recent ransomware attacks.
Tatarinov said that companies are buying up bitcoin to pay off the hackers in the case of an attack.
”These cyber attackers have customer service desks,” to handle payment, Cramer said on CNBC. “They give you an 800 number.”
He said the digital currency could reach $1 million.
Experts generally warn against paying ransom.
“In general, any kind of extortion is problematic to pay. Not only does it encourage the people (who spread the worm) but there is no guarantee that they are going to return the data,” Eugene H. Spafford, executive director of Purdue University's Center for Education and Research in Information Assurance and Security, told Benzinga.
Momentum with cryptocurrency ATM's proceeding .....
I see this as a beneficial procedure ..... in general ..... though I find cause to wonder how important the recent BITCF announcement about obtaining a patent for a cryptocurrency ATM Kiosk will actually be .....
What about other potential competition ? ..... It seems logical to assume there may be other variations of cryptocurrency ATM patents differing from the one BITCF recently obtained .....
As stated: "All Bitcoin ATMs and Kiosks manufactured and sold in the U.S., and all Bitcoin ATMs and Kiosks operated in the U.S. are believed to be subject to this patent and the company intends to enforce its right upon acquisition of same."
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CoinQX.com, a wholly-owned subsidiary of First Bitcoin Capital Corp.com, which is currently trading on OTC Markets under symbol BITCF, is the first publically-traded digital currency exchange
offering a safe and secure platform for the seamless conversion and trading of Bitcoin and more than 100 other crypto-currencies.
CoinQX.com will offer traders the option of creating a digital wallet in order to begin trading crypto-currency with ease and efficiency.
The front-end suite provides Bitcoin traders with a comprehensive market view with advanced functionality including customizable market depth, time and sales,
advanced charting with overlays, drawing tools, customizable time-frames and indicators, and algorithmic trading.
LATEST NEWS
TEL AVIV, ISRAEL / ACCESSWIRE / July 16, 2019 / FIRST BITCOIN CAPITAL CORP (OTC PINK: BITCF) ("the Company") a prolific generator of more than 100 unique cryptocurrencies and the developer of blockchain powered technology is proud to announce today that it has entered into a purchase agreement to acquire U.S. Patent No. 9,135,787 - “Bitcoin Kiosk / ATM Device and System Integrating Enrollment Protocol and Method of Using the Same.” Known as the “Bitcoin ATM patent” this patent is related to the purchase and sale of cryptocurrencies utilizing a Bitcoin ATM or kiosk that allows customers to purchase Bitcoin or other cryptocurrencies by using cash or debit or credit cards.
Bitcoin ATMs do not require their users to have bank accounts, so customers can simply pay and instantly buy or sell Bitcoin or other cryptocurrencies.
Greg Rubin, Company’s Chief Executive Officer stated, “Being the first ever publicly traded company in the Bitcoin and Blockchain industry, we are always developing, identifying and looking to acquire important intellectual properties, as we believe that this patent will provide us a unique and leveraged position, in addition to our other projects as we continue moving forward into the digital asset and cryptocurrency businesses. This patent complements our innovation in the field.”
According to Coin ATM Radar, there are more than 3,000 Bitcoin ATMs in the United States as of July, 2019, with average daily 3.7 Bitcoin ATM installations in the US.
https://coinatmradar.com/charts/growth/united-states/
All Bitcoin ATMs and Kiosks manufactured and sold in the U.S., and all Bitcoin ATMs and Kiosks operated in the U.S. are believed to be subject to this patent and the company intends to enforce its right upon acquisition of same.
U.S. Bitcoin ATMs represent 13.5 percent of all venues transacting in the digital currency worldwide, according to research by Larry Cermak, head of analysis at The Block.
It is expected that this number of Bitcoin ATMs will continue to rise in the near future with more and more people discovering bitcoin as a payment method and store of value.
First Bitcoin will develop strategies for structuring and implementation of an IP management plan. A business plan prepared by a third party foresees the owner of this unique Bitcoin patent earning more than 50 million dollars in profits over a 5 years period.
The acquisition of the Bitcoin ATM Patent was arranged through the facilities of IPOfferings LLC, a leading patent brokerage, patent valuation and IP consulting services firm."
About First Bitcoin Capital Corp
First Bitcoin Capital Corp (BITCF) (BITCF) (BITCF) began developing digital currencies, proprietary Blockchain technologies, and the digital currency exchange - www.CoinQX.com (in Beta) in early 2014. We saw this step as a tremendous opportunity to create further shareholder value by leveraging management's experience in developing and managing complex Blockchain technologies and in developing new types of digital assets. Being the first publicly-traded cryptocurrency and BlockChain-centered Company, we provide our shareholders with diversified exposure to digital cryptocurrencies and BlockChain technologies.
The Company began developing it's own blockchain and cryptocurrency called First Bitcoin (COIN:BIT) in 2016. Recently the Company updated the BIT wallet and added more functionality. Users are able to generate BIT through the processes of POW and POS mining. The First Bitcoin cryptocurrency has a current supply of 20,707,629,255 BIT. It is currently trading on LIVECOIN.net
https://coinmarketcap.com/currencies/first-bitcoin/
Contact us via: info@firstbitcoin.io or visit www.firstbitcoin.io
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