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Btcs (company) - Wikipedia

Btcs (company) - Wikipedia

BTCS, Inc. (also called Bitcoin Shop, Inc.) is a publicly traded company based in the US, whose stated line of business is development of applications related to blockchain databases and digital currencies . [1] [2] [3] [4] In April 2015, according to company releases, its shares were valued at 0.30 USD or more. [5] In July 2016, the price had dropped to 0.001 USD. [6] In August 2017 It was reported that BTCS has signed a non-binding letter of intent with Blockchain Global Limited. [7] On 28 April 2015 BTCS announced that it signed a letter of intent (LOI) to a merge with Spondoolies Tech, an Israeli mining hardware manufacturer. The merger initiative came only two weeks after BTCS closed financing of US$2.3 million, where it sold 7,708,342 units of shares to two hedge fund managers who have chosen to remain anonymous, along with and 17 other investors. [8] On 19 May 2015 BTCS announced it had invested US$1.5M into Israeli digital currency server manufacturer Spondoolies-Tech, as the first step of their planned merger. [9] . As of 4 May 2016, Spondoolies-tech ceased operations and the planned merger with BTCS did not go through. [10] On 21 August 2017, BTCS Inc. issued a press release regarding a non-binding letter of intent to merge with Australian company Blockchain Global Limited. [11] On 1 February 2018, BTCS Inc. notified Blockchain Global Ltd. that BTCS was terminating the planned merger due to delays in Blockchain Global's delivery of financial statements necessary for SEC approval of a merger. [12] The January 2018 form S-1/A BTCS SEC filing states that, "We anticipate that we will incur operating losses for the foreseeable future. Our cash burn rate is approximately $80,000 per month. As of January 16, 2018, we had $231,000 in available cash and approximately Continue reading >>

Btcs (otc Pink: Btcs) Why The Blockchain Global Deal Is Still On The Table

Btcs (otc Pink: Btcs) Why The Blockchain Global Deal Is Still On The Table

BTCS (OTC PINK: BTCS) Why the Blockchain Global Deal is Still on the Table BTCS (OTC PINK: BTCS ), the first pure play U.S. public company focused on bitcoin and blockchain technologies, closed trading on January 3rd at $0.19 a share after consistently trading above $0.20 a share for the better part of the final two weeks of 2017 and on January 2nd. The decline in BTCSs share price is potentially the beginning of a short-term bear run that could see the share price slip to the low-teens. This is attributable to dampened investor sentiment following prolonged months of waiting for a potential reverse merger with Australias Blockchain Global, a private company. In August 2017, BTCS announced a non-binding letter of intent to merge with Blockchain Global, an Australian technology company that is building a blockchain ecosystem to capitalise on the current surge in interest in blockchain, bitcoins underlying technology. It is involved in mining, consulting and incubation. The incubation division plays a key strategic role as it ensures it remains at the cutting edge of innovation in blockchain. BTCS share price rallied to a high of $0.42 in August when the deal was announced and has remained suppressed but volatile due to delays in finalizing the deal; source: Google Finance Expectations were high that a substantive deal would be announced by the end of 2017, and the Wednesday (January 3rd) price correction partly reflects investors disappointment that this did not happen. Ever since the prospect of a merger was announced in mid-2017, BTCSs fortunes in the stock market have largely been predicated on the potential deal. In contrast, a considerable number of small cap stocks within the same space have recorded massive gains over the same period due to the meteoric rise of b Continue reading >>

Merger Ahead: Btcs Signs Loi With Blockchain Global Limited

Merger Ahead: Btcs Signs Loi With Blockchain Global Limited

BTCS Inc. (OTCQB:BTCS) , a blockchain technology focused company, has signed a non-binding Letter of Intent to merge with Blockchain Global Limited (formally Bitcoin Group), an Australian blockchain company, subject to a number of conditions . As early movers in a rapidly developing industry, weve assembled a talented team with the necessary expertise to excel, stated BCG CEO Sam Lee. In addition to our work with innovative companies through the Melbourne Blockchain Center, weve also positioned ourselves to be a leading consultant in the space, servicing companies that recognize the importance of incorporating blockchain technology into their organizational strategies. By teaming up with BTCS, were deepening our pool of talent. The blockchain space continues to suffer from a talent void. Together with BCG, and their track record of success, were positioning ourselves to fill this talent void, ultimately capitalizing on the immense opportunity in blockchain technologies and leveraging our early-mover advantage. BCG operates four distinct business lines, an institutional exchange platform, transaction verification services (bitcoin mining), a blockchain startup accelerator, and a blockchain technology consultancy.BCG generated AU$5.9 million (approximately US$4.4 million) revenue in FY16, a 300% increase over FY2015 revenue, according to the release. BCG has approximately US$3.5 million in assets comprised of bitcoin and cash as of July 1, 2017, and is currently supporting its business through profit from operations. The reported revenues are audited in accordance with International Financial Reporting Standards and are financial measures not calculated in accordance with U.S. Generally Accepted Accounting Principles. BCGs ACX.io Exchange:BCG wholly owns and operates ACX Continue reading >>

Take Two: Bitcoin Miner Btcs Announces New Merger Deal

Take Two: Bitcoin Miner Btcs Announces New Merger Deal

Take Two: Bitcoin Miner BTCS Announces New Merger Deal The publicly traded bitcoin miner BTCS is moving toward a new merger, public records reveal. New filings with the US Securities and Exchange Commission (SEC) show that BTCS has signed a non-binding letter of intent with Blockchain Global Limited. Blockchain Global, according to the filings, operates a bitcoin mine out of China and also runs an Australian bitcoin exchange called AXC.io. The firm also invests in other companies in the bitcoin and blockchain space, perhaps most notably the publicly-traded DigitalX. Earlier this year, Blockchain Global notably invested in DigitalX through a convertible loan denominated in bitcoin. The merger effort is the second for BTCS, which moved to merge with bitcoin miner Spondoolies-Tech back in 2015. Yet despite being cleared by a key regulator in Israel, where Spondoolies was based, the deal ultimately fell apart after an Israeli court dissolved the firm amid financial problems. It also comes as BTCS looks to shore up its financial position, having raised $1 million earlier this year in a bid to stem the tide of losses. Issues aside, representatives for both BTCS and Blockchain Global struck positive notes in statements announcing the deal. The blockchain space continues to suffer from a talent void. Together with BCG, and their track record of success, were positioning ourselves to fill this talent void, ultimately capitalizing on the immense opportunity in blockchain technologies and leveraging our early-mover advantage, Charles Allen, CEO of BTCS, said of the planned merger. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subs Continue reading >>

Bitcoin Services Inc (otcmkts:btsc) And Btcs Inc (otcmkts:btcs) Are Exciting Bitcoin Plays

Bitcoin Services Inc (otcmkts:btsc) And Btcs Inc (otcmkts:btcs) Are Exciting Bitcoin Plays

Bitcoin Services Inc (OTCMKTS:BTSC) and BTCS Inc (OTCMKTS:BTCS) are Exciting Bitcoin Plays Bitcoin price struggling to rise and stabilize above the $7000 mark is having a negative impact on the broader cryptocurrency industry. Stocks with ties to the most valuable cryptocurrency have seen their sentiments turn sour, after a blockbuster run last year. Bitcoin Services, Inc. (OTCMKTS:BTSC) and BTCS Inc. (OTCMKTS:BTCS) have not been lucky, having shed a substantial amount of market share as sentiments in the space turned sour. Since the start of the year, BTCS has lost more than 70% in market value and is currently trading near all-time lows. Bitcoin Services. Bitcoin Services Inc., on the other hand, has shed more than 80% of market value. The fact that cryptocurrencies have become increasingly correlated with the stock markets has not helped Bitcoin Services and BTCS sentiments in the markets. Fears about a potential global trade war between the U.S and China has gone a long way in spooking the markets as investors continue to evaluate assets in their portfolio. Bitcoin being an extremely volatile asset has paid the price on growing fears in the market that has forced investors to shift attention to safe havens as protection concerns take hold. After plummeting to the $0.04 handle, BTCS has shown signs of bouncing up on rallying to the $0.08 handle before coming under pressure and tanking to the $0.06 handle. The stock is currently trading at a critical support level, below which it remains susceptible to further declines. On the upside, the stock could make a run for the $0.12 handle on rising and closing above the $0.09 mark. Just like BTCS, Bitcoin Service Inc. is also showing signs of climbing high after bouncing back from all-time lows. The stock is currently tradi Continue reading >>

Btcs Inc (otcmkts:btcs) Proves The Doubters Wrong

Btcs Inc (otcmkts:btcs) Proves The Doubters Wrong

BTCS Inc (OTCMKTS:BTCS) took a bump upwardto start the week as traders continued to find undervalued cryptocurrency plays across the OTC. BTCS represents an interesting variant in the crypto world as they complete their merger with Blockchain Global (aka BCG). The two are complementary and if BTCS hammers its debt then this deal could be one of the first in the space. The blockchain space continues to suffer from a talent void, commented Charles Allen, CEO of BTCS. Together with BCG, and their track record of success, were positioning ourselves to fill this talent void, ultimately capitalizing on the immense opportunity in blockchain technologies and leveraging our early-mover advantage. BTCS Inc (OTCMKTS:BTCS) describes itself as an early mover in the blockchain and digital currency ecosystems and the first Pure Play U.S. public company focused on blockchain technologies. BTCS goal is to enable users to engage in the digital currency ecosystem through one point of access the Companys universal digital currency platform. BTCS plans to create a portfolio of digital assets including bitcoin and other protocol tokens to provide investors a diversified pure-play exposure to the bitcoin and blockchain industries. BTCS intends to acquire digital assets through: open market purchases, participating in initial digital asset offerings (often referred to as initial coin offerings). Additionally, BTCS may acquire digital assets by resuming our transaction verification services business (often referred to as mining) through outsourced data centers and earning rewards in digital assets by securing their respective blockchains. BTCS is also keenly focused on growth through acquisition. The blockchain is a decentralized public ledger and has the ability to fundamentally impact all in Continue reading >>

Btcs Confirms Merger Intentions With Blockchain Global

Btcs Confirms Merger Intentions With Blockchain Global

BTCS confirms merger intentions with Blockchain Global James is editor of TechForge Media, with a passion for how technology influences business and several Mobile World Congress events... US blockchain firm BTCS has signed a non-binding letter of intent (LOI) to merge with Australian blockchain company Blockchain Global Limited (BCG). Sam Lee, CEO of BCG, said, As early movers in a rapidly developing industry, we have assembled a talented team with the necessary expertise to excel. In addition to our work with innovative companies through the Melbourne Blockchain Center, we have also positioned ourselves to be a leading consultant in the space, servicing companies that recognise the importance of incorporating blockchain technology into their organizational strategies. By teaming up with BTCS, we are deepening our pool of talent. BCG operates four distinct business lines, an institutional exchange platform, transaction verification services (bitcoin mining), a blockchain start-up accelerator, and a blockchain technology consultancy. Its revenues increased 300% y/y to approximately $4.4 million in FY2016. The merger intent will be subject to a number of conditions, including the approval of BCGs shareholders and board and the approval of BTCSs board, and the settlement of all of BTCS debt prior to closing. The LOI is also subject to the execution of a definitive agreement which the parties agreed to execute within 30 days following the company receiving the audited financial statements of BCG, audited in accordance with GAAP by an auditor registered with the Public Company Accounting Oversight Board. Continue reading >>

Blockchain Global Co-leads $1m Investment With Bitcoin Ahead Of Planned Merger

Blockchain Global Co-leads $1m Investment With Bitcoin Ahead Of Planned Merger

Blockchain Global Co-Leads $1m Investment with Bitcoin Ahead of Planned Merger Silver Spring, MD, Oct. 11, 2017 (GLOBE NEWSWIRE) -- BTCS Inc. (OTC: BTCS) (BTCS or the Company), a blockchain technology focused company, announced today it has secured $1,000,000 in financing, which includes $250,000 (59.38) in bitcoin. This financing represents a major milestone in the ongoing evolution of our Company, stated Charles Allen, CEO of BTCS. With the opportunity in the burgeoning blockchain space is still in its infancy, our planned merger with Blockchain Global Ltd. (BGL) positions us with a diversified business model that sets the stage for market leadership globally, and this financing represents a strong commitment to move forward. Under the terms of the agreement, BTCS has closed on the first $100,000 (the First Closing) of the financing. BGL funded $250,000 in bitcoin. The balance of the funding is to be released upon the Companys filing of Form 10-Q for the period ended June 30, 2017 (the 10Q); provided, however if the Company fails to file its 10Q within two weeks from the First Closing, unless otherwise extended by one of the investors that invested cash, the escrow agent will be required to return the $650,000 remaining in escrow and the Company will return all the bitcoins. The full terms of the financing are detailed in a Form 8-K filed with the SEC on October 10, 2017. Additional conditions of the planned merger, disclosed in a press release issued on August 21, will be met upon the completion of the financing, including the waiver of anti-dilution protections by four BTCS shareholders and the settlement of all of BTCS outstanding debt. Sam Lee, CEO of BGL, stated, We believe joining together the expertise of our organizations through this merger will further our Continue reading >>

Worldwide Business With Kathy Ireland Discusses The Future Of Digital Currency With Btcs Inc.

Worldwide Business With Kathy Ireland Discusses The Future Of Digital Currency With Btcs Inc.

Worldwide Business with kathy ireland Discusses the Future of Digital Currency with BTCS Inc. Los Angeles, CA December 11, 2018 Worldwide Business with kathy ireland is pleased to announce an exclusive interview with Charles Allen, CEO and Chairman of BTCS Inc. (OTCQB: BTCS) to share more about groundbreaking internet technology that is forcing a paradigm shift in how we think about money and pay for goods and services. An early mover in the blockchain and digital currency ecosystem, BTCS is the first pure play U.S. public company focused on digital assets (e.g. Bitcoin) and blockchain technology which has the ability to impact all industries on a global basis that rely on or utilize recordkeeping and require trust. Theres a lot of hype and misinformation on digital assets and what they really are, says Allen. Understanding the blockchain is key. Its a distributed general ledger maintained globally that allows the transfer of an asset from one person to another without the reliance on a trusted third party. We went public in 2014 because we saw an opportunity to be the first U.S. public company in this space such that we could provide the general public with investment exposure to this industry. BTCS has plans to acquire digital assets to provide investors with indirect ownership of digital assets that are not securities, such as bitcoin and ether, while also seeking to acquire businesses in the blockchain industry. BTCS management also believes that the recent decline in digital asset prices has created a unique opportunity to have a contrarian view. Blockchain is here to stay, says J.L. Haber, Vice President of Programming for Worldwide Business. BTCS is clearly creating a unique opportunity where it will be very hard not to sit up and take notice. For more informati Continue reading >>

Btcs Announces Letter To Shareholders From Ceo

Btcs Announces Letter To Shareholders From Ceo

CEO and Chairman BTCS is an early entrant in the Digital Asset market and one of the first U.S. publicly traded companies to be involved with Digital Assets and blockchain technologies. Subject to additional financing, BTCS plans to grow its portfolio of digital assets including bitcoin and other protocol tokens to provide investors a diversified pure-play exposure to the bitcoin and blockchain industries. BTCS intends to acquire digital assets through open market purchases and may, subject to additional financing, acquire digital assets by resuming our transaction verification services business (often referred to as mining) through outsourced data centers and earning rewards in digital assets by securing their respective blockchains. Additionally, BTCS may participate in initial digital asset offerings (often referred to as initial coin offerings) but has yet to do so due to regulatory concerns and the risk that many digital assets are digital securities. BTCS is also keenly focused on growth through acquisition and is actively evaluating potential acquisition targets. The blockchain is a decentralized public ledger and has the ability to fundamentally impact all industries on a global basis that rely on or utilize record keeping and require trust. For more information visit: www.btcs.com . Our website is not part of this press release. We cannot assure you that we will achieve any of the goals outlined in this paragraph. Certain statements in this press release, including those related to the planned merger or any other proposed acquisition, obtaining financing, resuming our mining business and future acquisitions of digital assets constitute forward-looking statements within the meaning of the federal securities laws. Words such as may, might, will, should, believe, Continue reading >>

11 Blockchain Technology Stocks

11 Blockchain Technology Stocks

Banks, financial institutions and many others are adopting blockchain technology faster than anticipated. INN takes a look at public companies taking advantage of this rapidly-growing sector. Its getting harder to ignore the fact that blockchain is on the rise, particularly as more banks and financial institutions are adopting the technology faster than anticipated. Case in point, IBM (NYSE: IBM ) released a report in 2016 suggesting that 15 percent of all banks will be using the technology in 2017. By 2020, the firm states that 66 percent of all banks will have blockchain in commercial production. On a broader scale, a Market and Markets report states thatthe blockchain technology market size will be worth 2.3 billion by 2021, increasing at a compound annual growth rate (CAGR) of 61.5 percent. In other words, theres room for plenty of opportunities for investors to benefit from in this excitingand expandingmarket. Global Blockchain Technology Markets research report is a little more conservative, projecting that blockchain technology will grow at a CAGR of 55.59 percent between 2017 and 2021. The banking and finance industriesarent the only ones adopting blockchain technology. For example, it has been used in securing elections , and big companies are also making the leap into blockchain; Capital One has confirmed a blockchain project, partnering with Gem on healthcare claims. Putting it simply, theres a wealth of opportunity to be had in the blockchain industry, and its only getting started. As such, here is a look at publicly-listed blockchain technology stocks for your consideration. All numbers below are current as of November 20, 2017 at market close. Market cap: $30.69 million; current share price: $0.27 The first on our blockchain technology stocks list is 360 Continue reading >>

Btcs Inc. (btcs) Stock Message Board - Investorshub

Btcs Inc. (btcs) Stock Message Board - Investorshub

We Are Building A Universal Digital Currency Platform Our goal is to enable users to engage in the digital currency ecosystem through one point of access - our universal digital currency platform. Bitcoin Shop, Inc. ("BTCS") is an early mover in the digital currency ecosystem and one of the first U.S. publicly traded companies in the space. As a firm believer in the blockchain technology, we offer various solutions including Bitcoin Shop - our ecommerce store which accepts a variety of digital currencies, BTCS Wallet - our secure storage solution and more. We deliver each solution by leveraging innovative technologies. We also leverage the services offered by our strategic partners. To date we have made investments in and partnered with 4 key digital currency companies including: GoCoin , Gem , Expresscoin , and Coin Outlet . Explore our solutions by clicking the tabs on the left. To learn more about our investments and other public information, visit our Investor Relations page. Continue reading >>

Blockchain Global (@blockchaingl) | Twitter

Blockchain Global (@blockchaingl) | Twitter

Pending Pending follow request from @BlockchainGL Cancel Cancel your follow request to @BlockchainGL Are you sure you want to view these Tweets? Viewing Tweets won't unblock @BlockchainGL It takes time for traditional financial businesses and governments to accept crypto economy. Thanks. Twitter will use this to make your timeline better. Undo Thanks. Twitter will use this to make your timeline better. Undo Blockshinetech COO Daniel Zhang was giving presentation at 2018 world graphene blockchain developer conference in shanghai. Introducing our mother company Blockchain Global as well as our non for profit knowledge hub- Blockchain Centre Thanks. Twitter will use this to make your timeline better. Undo Blockchain Global Retweeted Blockshine Technology Delighted to have the team from Ruden Holdings visit the Shanghai. We are very excited about our strategic partnership to cooperate on the use of Thanks. Twitter will use this to make your timeline better. Undo Here comes a quick bite of crypto attack introductions and security tips. Please feel free to share and comment! Thanks. Twitter will use this to make your timeline better. Undo It is important to keep your crypto funds safe and secret. Thanks. Twitter will use this to make your timeline better. Undo Blockchain Global Retweeted Blockshine Technology "There must be a beginning of any great matter." BlockchainGL back in 2013 in a local shopping mall in Australia. Here he was trying to promote buying crypto arbitrage fund with very little success. Now it is one of the largest in the world. Never give up! Thanks. Twitter will use this to make your timeline better. Undo Checking news on blockchain is a fresh experience. Can't wait to see how can blockchain further revolutionise media industry. Thanks. Twitter will use t Continue reading >>

Btcs, Blockchain Global Reach Non-binding Agreement On Merger

Btcs, Blockchain Global Reach Non-binding Agreement On Merger

BTCS, Blockchain Global reach non-binding agreement on merger BCG shareholders are poised to receive a combination of common stock, convertible preferred stock and warrants equal to 75% of the fully-diluted equity securities of the BTCS post-closing. BTCS Inc (OTCMKTS:BTCS), formerly known as Bitcoin Shop, has just announced that it has entered into a non-binding letter of intent (LOI) with Australian Blockchain Global Limited (BCG) to merge the company with BCG. Under the terms of the document, BCG shareholders will receive a combination of common stock, convertible preferred stock and warrants equal to 75% of the fully-diluted equity securities of the BTCS post-closing. Under the LOI, BTCS two current executive officers will receive 12% of the Fully Diluted Equity in the form of common stock, preferred stock or restricted stock units in a manner to be determined by BTCS. A key condition of the LOI is that the existing holders of BTCS securities which have anti-dilution protection, redemption features and similar protections must be eliminated as determined solely by BCG. The LOI requires that BTCS implements an Equity Incentive Plan to acquire 20% of the Fully Diluted Equity which will be administered by an independent compensation committee. BTCS Chief Executive Officer, Charles Allen, shall be deemed an acceptable non-independent director. As usual, the announcement ends with the disclaimer that there can be no assurance that the conditions to closing will be satisfied or the merger will be finalized. BTCS has been saddled with heavy losses over the past couple of years. In January this year, BTCS admitted its failure to list its Common Stock on a national securities exchange on or before December 31, 2016 and its failure to consummate the merger with Spondoolies-T Continue reading >>

Here's Why The Latest Btcs Inc (otcmkts:btcs) Announcement Is So Important - Insider Financial

Here's Why The Latest Btcs Inc (otcmkts:btcs) Announcement Is So Important - Insider Financial

Here at Insider Financial, weve tried to keep our readers ahead of the game when it comes to bitcoin and the digital currency space. Things have been moving incredibly fast (bitcoin just broke the $7,000 mark today) and this has brought a huge amount of speculative capital to the space. People dont want to buy bitcoin for the most part, however. Instead, large portions of the market are looking for indirect exposures things like indexes, publicly traded companies, etc. One example of this sort of exposure is BTCS Inc (OTCMKTS:BTCS). The company is a publicly traded entity (over the counter) and its one that operates in the bitcoin and wider blockchain ecosystem. This link to the cryptocurrency sector has caused it to track the price of the underlying bitcoin as the latter has risen across the last six to twelve months and as said price continues to rise we fully expect that of BTCS shares to do the same. Because this company isnt just one of the handful of that offer a publicly traded exposure to bitcoin, its one of the most active and promising in terms of operational activity and advance. Last month, we learned that the company wanted to merge with an entity called Blockchain Global, which bills itself as a leading multi-national pure-play blockchain company that operates across four business segments, including transaction verification services, an institutional exchange platform, a blockchain start-up accelerator, and a blockchain technology consultancy. Its an Australian company and its spent the last couple of years growing into a pretty well-established entity on the Australian bitcoin scene, which is one of the leading scenes globally as far as integration and adoption is concerned. We saw this merger as being a strong upside catalyst on its close but, ahead of Continue reading >>

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