CryptoNewsBreaks

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 3:15 pm

CryptoNewsBreaks – Virtual Crypto Technologies Inc. (VRCP) Aims to Increase Cryptocurrency Accessibility

Cryptocurrency-focused technology company Virtual Crypto Technologies (OTCQB: VRCP) aims to make instantaneous, secure and easy-to-use cryptocurrency financial services available worldwide. A recent article discussing the company reads: “The company aims to do this by creating payment solutions that combine application programming interfaces (APIs) and mobile applications for implementation across ATMs, PCs, tablets and other mobile devices. The company continues moving steadily toward its goal of making cryptocurrencies accessible and user-friendly for the general public. … Virtual Crypto’s products dramatically improve the overall cryptocurrency usage experience for individuals and businesses, from crypto trading to crypto commerce. The company’s disruptive offerings include…

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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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WednesdayAug 01, 2018 11:39 am

CryptoNewsBreaks – Why DPW Holdings, Inc. (NYSE American: DPW) is “One to Watch”

Diverse holdings company DPW Holdings (NYSE American: DPW) operates various subsidiaries and is engaged in a variety of strategic investments. An article further discussing the company reads: “DPW Holdings, Inc. (NYSE American: DPW) is a diverse holding company pursuing a growth strategy of acquiring undervalued assets with disruptive technologies with a global impact. … The company invests in diverse industries within the commercial, defense/aerospace, industrial, communication, medical, crypto-mining, hospitality, textile, and corporate investment/lending sectors. DPW has evolved and grown from being a leader in advanced power products. Through its subsidiaries, the company continues to be a leader and supplier of…

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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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MondayJul 30, 2018 11:11 am

CryptoNewsBreaks – Pacific Software, Inc. (PFSF) Develops Innovative Trade Portal Utilizing Secure Blockchain Databases

Emerging development technology corporation Pacific Software’s (OTC: PFSF) blockchain technologies have been designed to increase supply chain transparency, increasing consumer confidence. The company intends to use this technology to exploit the booming Brazilian agriculture market. An article discussing the company’s technology reads: “In a world where consumers are increasingly concerned about the origins of their products, blockchain technology will make supply chains more transparent and easier to trace. Large-scale producers will be able to keep better records of their operations, and niche producers, such as organic farmers, will be able to more easily prove and certify every step their products…

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