January 2018 - CryptoCurrencyWire

WednesdayJan 31, 2018 2:31 pm

IEG Holdings Corp. (IEGH) Aims to be Key Player in the Cryptocurrency/Blockchain Sector

IEG Holdings plans to create its own gold metal-backed cryptocurrency for consumer loans and consumer loan repayments The company’s loans offer interest rates that are significantly lower than payday lenders Adoption of blockchain technology offers substantial growth potential On January 10, 2018, consumer loan provider IEG Holdings Corp. (OTCQB: IEGH) announced that its wholly owned subsidiary, Investment Evolution Crypto, LLC, is negotiating to purchase a gold project with prospecting licenses and known gold resources. The corporation plans to use a gold resource for the creation of its own gold metal-backed cryptocurrency, with a view to offering loans and accepting loan…

WednesdayJan 31, 2018 12:10 pm

Inherent Nature of Blockchain Technology Opens Door for New Industry Applications

In the syndicated editorial, “Inherent Nature of Blockchain Technology Opens Door for New Industry Applications,” issued earlier today by CryptoCurrencyWire, it was stated that Riot Blockchain acquired Verady, LLC. We wish to clarify that Riot Blockchain acquired a stake in Verady and did not make a complete acquisition. Complete corrected text follows. CryptoCurrencyWire Editorial Coverage: Blockchain and cannabis stocks enjoyed an impressive market run in 2017 and industry analysts expect the trend to continue in 2018. As these industries continue to grow, innovators are finding ways to integrate this growth and address areas of need in different verticals. Case in…

TuesdayJan 30, 2018 9:00 am

How Blockchain is Transforming Payments and More

CryptoCurrencyWire Editorial Coverage: Less than a decade ago, blockchain sounded like the fodder of science fiction; today, the technology is demonstrating its ability to revolutionize the finance industry. By stepping outside the existing payment structures, blockchain provides a new and secure way to execute financial transactions. The use of the technology is rapidly expanding, and because of the innovative nature of the technology, its wide-ranging possibilities are being explored and developed by a range of companies with unique objectives. Some, such as SinglePoint, Inc. (SING) (SING Profile), are looking at how to integrate these technologies to provide a better service…

TuesdayJan 30, 2018 9:00 am

Sino Adoption of Blockchain Technologies, Cryptocurrencies on Horizon

CryptoCurrencyWire Editorial Coverage: The widespread adoption of cryptocurrencies and blockchain technologies is all but inevitable. The technologies demonstrate numerous consumer and commercial advantages, particularly in logistics, international trade, and even food-safety and product anti-counterfeiting drives. As global and online commerce expands, so does the need for streamlined verification of product quality, delivery and payments, a few of the many capabilities offered by blockchain technology. An emerging leader in this space is ChineseInvestors.com (CIIX) (CIIX Profile), which, among other cryptocurrency-related endeavors, recently opened a bitcoin ATM at its U.S. headquarters in California. Other companies operating in the cryptocurrency and blockchain space…

ThursdayJan 25, 2018 3:19 pm

Caveat Emptor: Blockchain and Crypto Companies under SEC Scrutiny

The mania surrounding bitcoin and other cryptocurrencies has now overflowed onto the underlying technology. The real value of cryptocurrencies is hotly in dispute, but there is consensus that the underlying blockchain technology has applications that extend far beyond its connections to cryptocurrency. IBM's Martin Schroeter recently told CNBC (http://nnw.fm/Lqvk1), “Blockchain, the digital record-keeping method that exploded in popularity in conjunction with the cryptocurrency craze, will change the way the world makes transactions.” Unfortunately, the unscrupulous will always make every conceivable attempt to capitalize on a current craze and redouble efforts during transformative events. Spring-boarding off the cryptocurrency craze, little-known companies…

ThursdayJan 25, 2018 2:31 pm

SinglePoint, Inc. (SING) Remains Bullish Regarding Use of Bitcoin, Blockchain Technologies to Solve Cannabis Industry’s Payment Problems

Company’s bitcoin payments solution allows underbanked cannabis merchants to accept bitcoin-backed card transactions Proprietary bitcoin exchange soft-launched in November 2017; official launch scheduled for Q1 2018 Company recently announced LOI to acquire Bitcoin Beyond SinglePoint, Inc. (OTC: SING) has evolved from a full-service mobile technology provider to a publicly traded holding company, diversifying into horizontal markets and building a robust portfolio and a diversified holding base by acquiring an interest in undervalued subsidiaries. Through subsidiary company SingleSeed, SinglePoint is successfully offering products and services to the cannabis industry, including, notably, a proprietary bitcoin payments solution that enables both cannabis merchants…

ThursdayJan 25, 2018 1:09 pm

IEG Holdings Corp. (IEGH) Exploring Creation of Gold Metal-backed Cryptocurrency

Negotiations underway to purchase a verified gold project with prospecting licenses IEGH’s cryptocurrency to be backed by gold metal, registered with SEC as a security Volatility of cryptocurrency could potentially be stabilized with precious metal backing Consumer loan provider IEG Holdings Corp. (OTCQB: IEGH), through wholly owned subsidiary Investment Evolution Crypto, LLC. (“Crypto”), recently announced its intention to create its own gold metal-backed cryptocurrency that could potentially be utilized when offering loans and accepting loan repayments. While Crypto is in the development planning stages and exploring the opportunities presented by crypto/blockchain technologies, the company is already negotiating to purchase a…

ThursdayJan 25, 2018 9:00 am

Blockchain Yields Strong Potential in Global Supply Chain Management

CryptoCurrencyWire Editorial Coverage: Investors looking to diversify their portfolios and gain access to the multi-billion-dollar global blockchain industry should have some exciting options as 2018 progresses, particularly when it comes to the $13 billion global supply chain management (SCM) market (http://nnw.fm/5T3Ps). The immutable, distributed ledger technology known as blockchain can deliver numerous SCM efficiencies that could revolutionize logistics for a variety of sectors, including oil and gas (http://nnw.fm/O7zPi). Petroteq Energy, Inc. (TSX.V: PQE) (OTCQX: PQEFF) (PQEFF Profile) has already envisioned this future of networked intelligent devices, and has initiated the development of the oil and gas industry’s first dedicated blockchain-based…

ThursdayJan 25, 2018 9:00 am

The Underlying Value of Cryptocurrencies

CryptoCurrencyWire Editorial Coverage: The parabolic rise in bitcoin and other cryptocurrencies has spawned a frenetic mania seldom seen in the markets. While debate of bitcoin’s legitimacy as a long-standing form of currency continues, general consensus asserts that the underlying blockchain technology has applications that extend far beyond its connections to cryptocurrency. As such, innovative companies around the globe are beginning to employ blockchain technology to streamline business and secure transactions. Telemedicine pioneer Medical Innovation Holdings, Inc. (MIHI) (MIHI Profile) is establishing a new paradigm in secure and efficient handling of patient medical and financial data. The company’s new MIHI Blockchain…

WednesdayJan 24, 2018 3:07 pm

Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Looks to Set Another Industry Milestone

Petroteq was a pioneer in the environmentally safe extraction of heavy oils with patented technologies Company’s blockchain initiative, PetroBLOQ, will be first blockchain platform developed exclusively for the supply chain needs of the oil and gas sector Examining company history of value creation, PetroBLOQ may be largest value driver yet Cryptocurrencies have garnered enormous market attention lately. Some say cryptocurrencies are worthless, others say they’re the new global fiat medium of exchange. Time will tell. However, there is consensus that the underlying blockchain technology has applications that extend far beyond its connections to cryptocurrency. Companies around the globe are beginning…