Breaks Categories: News

MondayAug 06, 2018 12:21 pm

CryptoNewsBreaks – Conflicts between Bitcoin’s Early Adopters and the Financial Industry Gaining Steam

“Meet the new boss, same as the old boss,” is more than just a line from a ‘70s rock song; it’s a reminder of the ongoing culture war between the old guard and the established financial sector – a conflict that's currently shaping the future of bitcoin and the cryptocurrency industry as a whole. When Satoshi Nakamoto introduced the bitcoin network in early 2009, the forward-thinking individual (or individuals) created a framework to guide the fledgling currency into the future. One such step was the registration of Bitcoin.org, which has grown into a centralized hub of information for all things…

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MondayAug 06, 2018 10:37 am

CryptoNewsBreaks – SeeThruEquity Posts Update on Net Element, Inc. (NASDAQ: NETE)

SeeThruEquity, an independent equity research and corporate access firm focused on smallcap and microcap public companies, this morning posted an update on Net Element, Inc. (NASDAQ: NETE), a global technology and value-added solutions group. Since SeeThruEquity’s last coverage update, the company has posted numerous releases regarding its rising transaction volume, the launch of its Netevia platform, and the acquisition of a transactional services portfolio from partner Universal Payment Systems ("UPS"). Following the recent developments from the company, SeeThruEquity’s price target remains unchanged. The analyst classified NETE as a high risk, high growth company in the mobile electronics space and intends…

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FridayAug 03, 2018 1:00 pm

CryptoNewsBreaks – Huge Bitcoin Futures Gamble Leads to $9M Clawback for OKEx Users

The price of bitcoin is on the move again, as the popular cryptocurrency saw its value dip to a session low of $7,290.02 early Friday, bringing the loss to roughly 10 percent of market value this week alone. In an article published by MarketWatch, reporter Aaron Hankin attributed the latest move to the work of one large bitcoin holder and an “enormous” losing bet on bitcoin futures. According to Hong Kong-based exchange OKEx, noted as the second-largest exchange in terms of volume by CoinMarketCap, a trader initiated an unusually large long position order of more than four million contracts, worth…

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FridayAug 03, 2018 9:55 am

CryptoNewsBreaks – DPW Holdings, Inc. (NYSE American: DPW) Subsidiary Receives $2M Supplemental Order from U.S. Defense Contractor

Diverse holdings company DPW Holdings (NYSE American: DPW) this morning announced that Microphase Corporation, a division of the company’s Coolisys Technologies, Inc. subsidiary, has secured a $2.0 million addition to its previously announced $2.1 million contract award from a first-tier U.S. government defense contractor. The supplemental order brings the total contract to $4.1 million and lengthens the term of the contract into early 2020. “We believe this significant supplemental order further illustrates our customers’ confidence in our ability to meet their needs. Microphase’s innovative radio frequency (RF), microwave and millimeter-wave technology solutions and products enable our customers to achieve higher…

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ThursdayAug 02, 2018 12:15 pm

CryptoNewsBreaks – FinTech Global Markets, Inc. Release Details InfluenceMine, Inc.’s $25M Security Token Offering

FinTech Global Markets, Inc. recently announced that Boustead Securities will be conducting InfluenceMine’s $25 million Security Token Offering (“STO”) of INK tokens. InfluenceMine is the developer of one of the first blockchain-based affiliate programs. The company has a goal for INK to trade on an SEC registered exchange, and to transform INK into one of the largest mobile-driven, affiliate backed security tokens. Proceeds from the STO are expected to be used toward platform and brand development. InfluenceMine also intends to pay a dividend to INK holders. “Having worked with InfluenceMine’s CEO, Rob Towles these past two years, we are pleased…

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WednesdayAug 01, 2018 12:45 pm

CryptoNewsBreaks – Pacific Software, Inc. (PFSF) Inks LOI with Brazilian Nut Exporter

Emerging development technology corporation Pacific Software (OTC: PFSF) today announced that it has signed a letter of intent (“LOI”) with Inovam Brasil, a leading nut exporter from the Brazilian State of Rondonia. Per the update, the company will implement its Agri-Blockchain technology to enhance Inovam Brasil’s supply chain management processes, certification, traceability and verification of products. Pacific Software also intends to implement digital marketing campaigns to create brand awareness and develop an e-commerce platform to facilitate Inovam Brasil’s global expansion. “We are executing on our plan to become the dominant logistics and food industries blockchain solutions provider in Brazil by…

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TuesdayJul 31, 2018 12:47 pm

CryptoNewsBreaks – Net Element, Inc. (NASDAQ: NETE) Subsidiary Acquires $2.7M Cash Flow Assets

Global technology and value-added solutions group Net Element, Inc. (NASDAQ: NETE) this morning announced that through its Unified Payments subsidiary, it has acquired cash flow assets totaling $2.7 million via certain transactional services portfolio from Universal Payment Systems (“UPS”). The acquired assets are anticipated to produce more than $5 million in gross profits over the next four years, with continued profits generated subsequently. “The transactional services portfolio acquisition deepens our relationship with UPS, which has been very positive for both organizations. By providing UPS with the capital to grow we are building real value for the future of both our…

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TuesdayJul 31, 2018 12:03 pm

CryptoNewsBreaks – GreenBox POS, LLC (GRBX) to Showcase Technology in Three-part Series on Fox Business Network

GreenBox POS (OTCQB: GRBX), an innovative hardware and software technology company, today announced that it will be appearing in a three-part series set to broadcast on Fox Business Network in September or October. Executive team members will be interviewed, and part of the filming will take place at the company’s headquarters in San Diego, showcasing the newest hardware and software products available. "We are honored to be asked to participate in this production special. Each airing will give us 5-6 minutes on camera enough time to have a very significant audience become aware of our company, our brands, our technology,…

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TuesdayJul 31, 2018 9:24 am

CryptoNewsBreaks – Victory Square Technologies Inc. (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) CEO to Convert Loans into Common Shares

Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FRANKFURT: 6F6) (WKN: A2AKL8) this morning announced its plans to convert a total of $805,240.47, the majority of which encompasses loans advanced to the company by Victory Square CEO Shafin Diamond Tejani, into common shares in the capital of the company. The shares would be issued at $1.00 each, representing a premium of 19% per share, as the current market price is $0.84 per share. The conversion is subject to all requisite regulatory approvals and all shares issued shall also be subject to a four month hold period under applicable Canadian securities laws.…

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FridayJul 27, 2018 2:51 pm

CryptoNewsBreaks – SEC Rejects Bid for Bitcoin ETF

On Thursday, Fortune writer Jeff John Roberts examined the Securities and Exchange Commission’s decision to once again reject a bid to create an exchange-traded product for bitcoin, citing potential for market manipulation and a lack of liquidity. The decision came as a result of a request from the Winkelvoss twins to revisit a March 2017 ruling with a similar outcome. While the SEC’s decision did have an impact on bitcoin trading, with the cryptocurrency falling around three percent in the hours after release of the news, the Commission’s comments regarding the rejection could paint a more optimistic picture of the…

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