June 2017 - CryptoCurrencyWire

FridayJun 30, 2017 9:14 am

SinglePoint (SING) Interview Discusses Key Aspects of Recently Announced Bitcoin Joint Venture

SING targets the large and rapidly growing multi-billion dollar retail cannabis sales industry New agreement provides efficient and easy-to-apply solution to critical unmet need Purchasing model opens door to additional opportunities for investor profit in cannabis An iPod interview with SinglePoint president Wil Ralston (http://nnw.fm/pi9GN) covers the significant advantages that the company’s recently announced joint venture with First Bitcoin Capital Corp. (OTC: BITCF) represents for the cannabis industry. In a study of 20 U.S. jurisdictions by Greenwave Advisors, legal marijuana represented $6.5 billion in retail sales by May 2017, as reported by Forbes (http://nnw.fm/zs8S6). At the current level of growth,…

ThursdayJun 29, 2017 2:35 pm

Net Element’s (NASDAQ: NETE) North American Business Up 40 Percent in First Quarter

North American business up 40 percent in Q1 Track record of phenomenal domestic growth with international growth plan in place Zach’s pegs NETE at $3.12 per share once profitable Currently trading at 65 cents a share, Zach’s Small Cap Research just pegged Net Element (NASDAQ: NETE) at $3.12, five times current market value, once it reaches profitability (http://nnw.fm/wV8IN). The highly respected research firm noted that Net Element’s U.S. business growth was up a phenomenal 40 percent in the first quarter, while the company’s overseas operations and expansion were currently dragging down growth. However, global expansion has been a cornerstone of…

WednesdayJun 28, 2017 9:00 am

Bitcoin and Hydroponics Present Prime Investment Opportunities in the Legal Cannabis Space

CryptoCurrencyWire Editorial Coverage: In increasing volume, investment opportunities in the legalized marijuana industry are being added to the portfolio of many enterprising investors. Amid the numerous categories of investment options offered within this burgeoning industry, two sectors stand out: bitcoin, a digital currency that can facilitate the transfer of funds free of banks and government regulation, and hydroponics, an industry standard method of growing plants without soil. Companies like SinglePoint, Inc. (SING) (SING Profile), Bitcoin Investment Trust (GBTC), First Bitcoin Capital Corp. (BITCF), Scott’s Miracle-Gro Co. (SMG) and Terra Tech Corp. (TRTC) are currently forging paths in these increasingly popular…

MondayJun 26, 2017 8:54 am

SinglePoint’s (SING) $1M Promissory Note Furthers Efforts to Offer Bitcoin Payment Solution for Cannabis Businesses

Furthering its efforts to innovate solutions for the cannabis industry, SinglePoint, Inc. (OTC: SING) has taken a step forward in its endeavor to offer a bitcoin payments solution for cannabis businesses through its partnership with First Bitcoin Capital Corp. (OTC: BITCF). SinglePoint recently announced (http://nnw.fm/dS8l3) it has successfully closed a $1 million convertible promissory note with an institutional investor — the proceeds from which will be used to fund the company’s bitcoin payments endeavor and will enable SinglePoint to move quickly in developing a cryptocurrency solution and continuing its acquisitions activities in the cannabis space. A lack of banking options…

FridayJun 16, 2017 8:50 am

Net Element, Inc. (NASDAQ: NETE) CEO Discusses State of Global Fintech Industry at E2Exchange Event

The state of the global financial technology industry, new commerce models and payment processing platforms were the main topics of discussion approached by Net Element, Inc. (NASDAQ: NETE) CEO Oleg Firer during a special event organized by UK’s entrepreneurial network E2Exchange Ltd (E2E) on Wednesday, June 14. The event was part of the British organization's Leaders Series Breakfast at the House of Lords in London and was hosted by Lord Karan Bilimoria CBE, DL, who is also board director of the E2E, chancellor of Birmingham University and co-founder of Cobra Beer. During the Breakfast at the House of Lords event,…

ThursdayJun 15, 2017 11:23 am

SinglePoint, Inc. (SING) Using Bitcoin to Bypass Banking Roadblocks

A total of 29 states now allow for comprehensive medical marijuana programs, and recreational marijuana is legal in eight. There’s no question that the country’s opinion of marijuana has changed. Public support for making marijuana legal has continued to climb over the years, as 61 percent of Americans now think recreational use of marijuana should be legal and 88 percent favor medical marijuana use. A vast majority of the states and the citizens of this country support legalized marijuana in spite of antiquated federal government strictures. These antiquated federal strictures create conflict. The states where it has been legalized, the…

WednesdayJun 14, 2017 9:00 am

Digital Currency Headed for Widespread Acceptance, Has Potential as Cure for Banking Concerns among Cannabis Companies

CryptoCurrencyWire Editorial Coverage: The cannabis market in the U.S. and worldwide continues to grow, but that doesn’t mean everyone is open to the idea of legal marijuana. The banking industry is one example, as the Federal Deposit Insurance Corporation (FDIC) has generally been unsupportive of backing cannabis-related investments. Since marijuana hasn’t been legalized at the federal level, most banks are hesitant to have any part of the $6.7 billion marijuana industry. While many industry experts expect this stance to change amid growing support for a bankable marijuana industry, 70 percent of cannabis companies currently operate without access to a corporate…

WednesdayJun 07, 2017 9:00 am

Bitcoin Currency Could Solve Banking Issues for Cannabis Industry

Though some form of cannabis is now legal in 29 states and the District of Columbia, a lack of banking options for cannabis businesses in the United States continues to force marijuana merchants to rely solely on cash transactions. This inhibition has been a major obstacle for dispensaries and other cannabis-related businesses, but the use of bitcoin technology could be the key to overcoming the roadblock. SinglePoint, Inc. (SING) (SING Profile) has announced an initiative to develop a bitcoin payment solution for the marijuana industry, providing a much-needed financial transaction option and allowing cannabis businesses to accept credit card payments…

TuesdayJun 06, 2017 11:53 am

SinglePoint’s (SING) Bitcoin Solution Could Solve Cannabis Industry’s Banking Problems

As the marijuana industry continues its brisk forward march — with cannabis now legalized in some form in 29 states as well as the District of Columbia — cannabis dispensaries and other businesses are still faced with the challenge of having no banking options currently available to them, which forces them to conduct cash transactions only. These merchants are clamoring for a solution that has, as yet, been elusive, but SinglePoint, Inc. (OTC: SING) may finally have the answer: bitcoin. The use of bitcoin, a digital currency, enables financial transactions to be completed independent of banks and free of government…

MondayJun 05, 2017 8:52 am

ChineseInvestors.com, Inc. (CIIX) Presents Obvious Upside

Archaeological research suggests that Cannabis Sativa, the source plant for cannabidiol (CBD) compounds, was one of the first agricultural crops planted by early man near the birth of agriculture some 10,000 to 12,000 years ago. The use of CBD for health benefits extends back several thousand years as well. CBD is one of more than 80 active cannabinoid chemicals in the Cannabis Sativa (marijuana) plant and is a part of the cannabis plant that does not produce euphoria or a “high”. Anecdotally, CBD has long been considered to have a broad range of medical benefits. Now, two major studies released…