Breaks Categories: News

WednesdayJul 25, 2018 10:10 am

CryptoNewsBreaks – Virtual Crypto Technologies Inc. (VRCP) Holds Favorable Position as SEC Makes Encouraging Remarks Regarding Cryptocurrencies

Cryptocurrency-focused technology company Virtual Crypto Technologies (OTCQB: VRCP) this morning announced that it is encouraged as regulatory sentiment in the United States seems to be moving in favor of cryptocurrencies. The U.S. Securities and Exchange Commission ("SEC") is presently considering a Bitcoin exchange-traded-fund (“ETF”) proposed by the Chicago Board Options Exchange, with a substantial majority of the public demonstrating support for Bitcoin ETF. "The fact that a regulatory body as important as the SEC is seriously considering a Bitcoin ETF, as well as notable development in the cryptocurrency ecosystem such as MasterCard's intention to allow blockchain currencies to be transacted…

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TuesdayJul 24, 2018 10:06 am

CryptoNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Announces Microphase Corp.’s $2.1M Contract with U.S. Defense Contractor

Diversified holding company DPW Holdings, Inc. (NYSE American: DPW) this morning announced that Microphase Corporation, a majority-owned subsidiary of Coolisys Technologies, Inc., a part of DPW Holdings’ diversified portfolio, secured a $2.1 million contract award from a first-tier U.S. government defense contractor to supply its sophisticated communications filters to be used in combat warfare system components. Since October 2015, Microphase has supplied earlier versions of the component to this defense contractor. Shipment of the component is anticipated to begin in late 2018 or early 2019. “We are committed to our customers and believe this significant, multi-year follow-on order illustrates our…

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TuesdayJul 24, 2018 9:31 am

CryptoNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) Enters Definitive Agreement to Acquire Stake in Cloud Benefit Solutions Inc.

Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8), a venture builder that creates, funds and empowers entrepreneurs, this morning announced that it will acquire 15% percent of all issued and outstanding shares of Cloud Benefit Solutions Inc. (“Cloud Advisors”) for $300,000 CAD in total consideration, subject to all requisite regulatory approvals. Cloud Advisors is an established and rapidly growing Software-as-a-Service (SaaS) platform within the group life and health insurance industry. The purchase price will be paid by the company through cash installments, pursuant to a definitive share purchase agreement to be executed between Victory Square and Cloud…

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MondayJul 23, 2018 9:54 am

CryptoNewsBreaks – GreenBox POS, LLC (GRBX) Technology Demonstrates High Efficiency in Fraud Prevention

Innovative hardware and software technology company GreenBox POS, LLC (OTCQB: GRBX) this morning announced that TrustGateway, a key component of the company’s QuickCard payment system, has demonstrated a high efficiency in preventing fraud on the GreenBox payment platform. “There are other gateways, but none can compete with a blockchain gateway. TrustGateway is not only the best defense against fraud, but it also takes part in load-balancing and maximizing system uptime,” GreenBox Executive Vice President Ben Errez stated in the news release. “We do see daily fraud attempts from bad actors, but they simply can’t do any harm on blockchain gateways.…

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FridayJul 20, 2018 1:34 pm

CryptoNewsBreaks – House Committee on Agriculture Puts Spotlight on Cryptocurrency Confusion

“We should prohibit U.S. persons from buying or mining cryptocurrencies,” Rep. Brad Sherman (D-CA) proclaimed during a Wednesday hearing of the House Committee on Agriculture. “Mining alone uses electricity which takes away from other needs and-or adds to the carbon footprint. As a store, as a medium of exchange, cryptocurrency accomplishes nothing except facilitating narcotics trafficking, terrorism, and tax evasion.” As Mashable’s Jack Morse noted in an article published earlier this week, cryptocurrency is complicated. Perhaps it is this complication that led to some of the uninformed comments flying around during Wednesday’s meeting, but the use of electricity was just…

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FridayJul 20, 2018 9:25 am

CryptoNewsBreaks – SinglePoint, Inc. (SING) President Discusses NIBA Conference in Interview on MoneyTV

SinglePoint, Inc. (OTCQB: SING) was a featured company on this week’s episode of MoneyTV with Donald Baillargeon. MoneyTV is an internationally syndicated television program discussing “money and what makes it happen.” In this week’s episode, SinglePoint President Wil Ralston discussed the company’s activity at the National Investment Banking Association (“NIBA”) conference in New York City. “What we’re looking to do here at NIBA is increase the exposure for SinglePoint, since we recently filed our Form 10,” SinglePoint President Wil Ralston stated in the interview. “These family offices and institutions who previously couldn’t participate with SinglePoint will now have the opportunity…

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ThursdayJul 19, 2018 2:57 pm

CryptoNewsBreaks – Netcoins (CSE: NETC) Completes $1M in Transactions in a Day

GAR Limited d/b/a/ Netcoins (CSE: NETC) recently announced that it has successfully completed $1 million in transactions in a single day. The news marks a momentous achievement for the revenue focused company. For comparison, the company achieved $33,000 worth of transactions for the entire month of January 2017. The company also announced, in contrast to its humble beginnings, that it has exceeded $3.3 million in transactions in the first 9 business days of July. “From $33,000 in a month, to over $14 million in 2017, and now our first $1 million of transactions in a single day, we continue to…

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WednesdayJul 18, 2018 1:59 pm

CryptoNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Highlighted in Updated Research Note by JGR Capital

Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) is the subject of an updated research note from independent equity research firm JGR Capital. The note focuses on a number of key highlights and milestones achieved by Net Element in recent months. Notably, the company reported significant developments through both its Netevia and Unified Payments subsidiaries, including the launch of an intelligent payment solution for the events industry. Per the update, Net Element intends to improve its revenue generation moving forward by extending its Netevia platform to include a smart solution for secure vendor payments. The full report…

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WednesdayJul 18, 2018 12:51 pm

CryptoNewsBreaks – Amir Dossal Receives Inaugural ‘Blockchain Humanitarian’ Award from Cypherium

Cypherium, the fastest decentralized blockchain and first to solve governance disputes using proof-of-work, earlier this week announced that it presented Amir Dossal with the inaugural ‘Blockchain Humanitarian’ award at the Blockchain World Conference in Atlantic City, New Jersey. Per the update, the award was created to honor leaders who are overseeing the application of blockchain technology to solve real-world challenges. Dossal is a 25-year veteran of the United Nations who served as Executive Director of the UN Office for Partnerships until September 2010. He is the founder and president of the Global Partnerships Forum and the co-founder of the Blockchain…

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TuesdayJul 17, 2018 3:04 pm

CryptoNewsBreaks – Payroc LLC and Ethos.io PTE Formally Announce Cryptocurrency Payment Partnership

Payroc LLC, a leading merchant services and payment processing organization, and Ethos.io PTE, a leading cryptocurrency services platform, earlier this week formally announced a partnership aimed at creating a best-in-class cryptocurrency merchant payment processing service. Per the update, the Ethos Bedrock platform will be integrated with Payroc’s payment gateway platform to enable a simple ‘Pay with Crypto’ button to be placed on merchant websites, giving consumers the option to pay with cryptocurrency in addition to traditional payment methods. “We're excited about partnering with Ethos as it brings together the traditional payments world Payroc operates in with new digital currencies,” Jared…

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